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 Post subject: December 10th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Dec 11, 2012 4:22 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
#TheStrategyLab (formerly known as #FuturesTrades) is free along with being a serious professional trading chat room for traders using WRB Analysis by itself or merged with other trade methods to improve the performance of those other trade methods regardless if you're a position trader, swing trader or day trader. Therefore, you're welcome to use the chat room to post real-time trades, real-time price action analysis or market commentaries involving stocks, futures, exchange traded funds or forex currencies. In addition, we welcome all traders (beginners, experience, part-time, full-time) that are merging WRB Analysis with their trade methods or using WRB Analysis to develop a better understanding of the price action (market context) they're trading...improving their position size management and trade management after entry.

#TheStrategyLab is primarily designed to be a trade journal for documentation purposes only so that members can have a real time stamp archive of their trades and their market commentaries of each trading day...giving them a better understanding of their broker statements from one trade to the next trade when they review their performance numbers on any given trading day in the past. Therefore, if you use our chat room...its highly recommended you post messages that reflect what you see in the price action on your monitors. Your diary (journal).

Also, if you want #TheStrategyLab chat room to be educational for you...please ask questions instead of lurking (not participating in conversations).

Quote:
Chat room only for traders using concepts of WRB Analysis. In addition, traders that use #TheStrategyLab are not required to post trades but if you do post trades...the trades must be clear (not ambiguous) entry price/exit price and position size. Traders that consistently post ambiguous trades will be KICKED (removed) from the chat room.

With that said, thanks for reading the trades, price action analysis or market commentaries that's below and we highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful market context information that's critical to understanding the price action you're trading. To log into #TheStrategyLab chat room...please follow the instructions here at the FTCHAT Support Forum @ http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5 or for registered members of the chat room at the TSL Support Forum @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164

Note: Registration is not allowed here at the FTCHAT Forum...it is allowed at the TSL Forum (link above) that provides support for the #TheStrategyLab chat room.

Attachment:
121012-Key-Price-Action-Markets.png
121012-Key-Price-Action-Markets.png [ 544.74 KiB | Viewed 169 times ]

click on the above image to view today's price action of key markets

Chat logs saved (timestamp) from Québec, Canada in eastern daylight time

Session Start: Mon Dec 10 08:36:37 2012
Session Ident: #TheStrategyLab
[08:36:37] * Now talking in #TheStrategyLab
[09:03:29] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[09:21:27] <+Trendtrader> gm all
[09:21:31] <@wrbtrader> Shorts Light Crude Oil CL @ 86.36 -> small size
[09:21:45] <@wrbtrader> 2 contracts
[09:22:16] <@wrbtrader> Covered all Light Crude Oil CL Short @ 86.30 --> + 0.06
[09:22:27] <@wrbtrader> WRB pt1 (shallow) reached
[09:29:16] <Tigerman> good morning all
[09:29:31] <+NinjaClan> morning
[09:29:45] <db887> gm
[09:30:29] <@wrbtrader> Shorts Light Crude Oil CL @ 86.33 -> small size
[09:30:38] <@wrbtrader> 3 contracts
[09:30:41] <@wrbtrader> re-entry
[09:30:52] <+Trendtrader> Shorts Emini TF @ 823
[09:30:54] <+Trendtrader> x4
[09:32:01] <+Tigerman> nice south move in CL
[09:32:11] <+Tigerman> I exitated and miss my entry
[09:33:57] <@wrbtrader> WRB pt1 reached @ 86.24
[09:34:21] <@wrbtrader> Covered all Light Crude Oil CL Short @ 86.24 --> + 0.09
[09:36:51] <+Tigerman> down move in CL still active
[09:42:00] <+Trendtrader> Covered all Emini TF Short @ 822.9 --> + 0.1
[09:42:02] <+Trendtrader> :(
[09:42:57] <@wrbtrader> Any of you guys in here using "mean reverting strategies" with WRB Analysis ???
[09:43:58] <@wrbtrader> just send me a quick "private message" if you're using "mean reversion strategies".
[09:44:00] <@wrbtrader> Thanks
[09:45:18] <+Tigerman> what do you mean exactly ?
[09:45:25] <+Fleneer> good morning traders
[09:45:41] <+Tigerman> trade when price are very far out of a wrb?
[09:45:59] <+Trendtrader> have a good day everyone. I'm done. Not feeling well today and don't have the focus I usually have, so I think it best if I stop here. See you all tomorrow.
[09:46:01] <+Tigerman> and assuming price have to retrace back ?
[09:46:14] <+Tigerman> c ya trend
Session Close: Mon Dec 10 09:56:43 2012
Session Start: Mon Dec 10 09:56:43 2012
Session Ident: #TheStrategyLab
[09:56:43] * Disconnected
[10:00:49] * Attempting to rejoin channel #TheStrategyLab
[10:01:00] * Rejoined channel #TheStrategyLab
[10:01:25] <@wrbtrader> I'm having problems connecting to the "Fremont server".
[10:01:45] <@wrbtrader> Thus, I had to disconnect from it and connect via the "Denver server" of IRC Othernet
[10:04:31] <+Tigerman> now I m on warren server
[10:06:18] <+Tigerman> bad contracting in cl
[10:16:58] <@wrbtrader> very few trade opportunities being coughed up by the markets since 0930am est
[10:19:31] <+Fleneer> NQ volatile for sure
[10:21:30] <hp102> chop from friday continue
[10:30:06] <@wrbtrader> Light Crude Oil CL futures price action currently being supported by the WRB Hidden GAP @ 1010am - 1012am est
[10:31:21] <@wrbtrader> Emini ES futures price action stuck inside the WRB Hidden GAP @ 1014am - 1016am est
[10:40:22] <+Tigerman> Long iShares IWM @ 86.45
[10:40:37] <+Tigerman> Long Light Crude Oil CL @ 86.45
[10:40:48] <+Tigerman> this trade
[10:44:16] <+Tigerman> Exited all Light Crude Oil CL Long @ 86-50 --> + 86-50 - 86.45
[10:44:29] <+Tigerman> Exited all Light Crude Oil CL Long @ 86.5 --> + 0.05
[10:44:38] <+Tigerman> this is right
[10:48:30] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[10:52:05] <T4n_paper> Shorts Emini TF @ 824.3 -> large size «« sim »»
[10:55:05] <+T4n_paper> Covered Emini TF Short @ 824.8 --> - 0.5 «« sim »»
[11:00:19] <+Tigerman> 2nd time today my ToS think swim platform crash :(
[11:09:03] <@wrbtrader> Transact (where my trades actually occur through) sent me a notice about an UPDATE to their "Privacy Policy".
[11:09:14] <@wrbtrader> They added two new statements that say the following...
[11:09:24] <@wrbtrader> We may disclose information about current or former customers in order to
[11:09:24] <@wrbtrader> cooperate with legal or regulatory authorities or pursuant to a court order or subpoena.
[11:09:32] <@wrbtrader> 2nd is...
[11:09:40] <@wrbtrader> We may disclose information about current or former customers in order to
[11:09:40] <@wrbtrader> cooperate with legal or regulatory authorities or pursuant to a court order or subpoena.
[11:10:04] <@wrbtrader> Simply, IRS wants to know more about us :)
[11:11:06] <@wrbtrader> Long Emini TF @ 826.60 -> small size
[11:11:15] <@wrbtrader> 2 contracts
[11:16:32] <@wrbtrader> In the middle of our first snow storm.
[11:24:44] <+Tigerman> Long Light Crude Oil CL @ 82.63
[11:24:47] <+Tigerman> iwm trade
[11:28:40] <+Tigerman> Exited all Light Crude Oil CL Long @ 82.58 --> - 0.05
[11:32:02] <+T4n_paper> Long Emini TF @ 826.2 -> large size «« sim »»
[11:35:27] <+T4n_paper> Exited Emini TF Long @ 825.8 --> - 0.4 «« sim »»
[11:36:41] <+Tigerman> today is a nowhere day
[11:47:46] <@wrbtrader> Yeah...its the reason why I've not pushed anything over 3 contracts per trade
[11:49:40] <+T4n_paper> Long Emini TF @ 826.1 -> large size «« sim »»
[11:53:41] <+T4n_paper> Exited Emini TF Long @ 825.8 --> - 0.3 «« sim »»
[11:55:13] <@wrbtrader> Exited all Emini TF Long @ 825.60 --> - 1
[12:14:48] <canaandog> another disappointing noon oil
[12:16:18] <Brian> hello everyone
[12:16:57] <@wrbtrader> Oil CL futures flatlined on the volatility into the 12noon est price action
[12:18:30] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[12:40:05] <+T4n_paper> ss 2649.5
[12:40:14] <+T4n_paper> Shorts Emini NQ @ 2649.5 -> small size «« sim »»
[12:41:51] <+T4n_paper> Covered Emini NQ Short @ 2648 --> + 1.5 «« sim »»
[13:43:22] <+T4n_paper> Long Emini NQ @ 2644.5 -> small size «« sim »»
[13:43:58] <+T4n_paper> Exited Emini NQ Long @ 2645.75 --> + 1.25 «« sim »»
[13:48:31] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[14:04:47] <+Tigerman> take care all see tomorrow
[14:13:02] <@wrbtrader> Shorts Light Crude Oil CL @ 85.71 -> medium size
[14:13:32] <@wrbtrader> 4 contracts
[14:14:45] <+hp102> intuition one?
[14:14:50] <@wrbtrader> Covered all Light Crude Oil CL Short @ 85.64 --> + 0.07
[14:14:58] <@wrbtrader> no
[14:15:09] <@wrbtrader> next one will be :)
[14:16:32] <@wrbtrader> Shorts Light Crude Oil CL @ 85.70 -> medium size
[14:16:43] <@wrbtrader> re-entry
[14:16:50] <@wrbtrader> intuition but still a poor entry
[14:18:14] <@wrbtrader> Covered all Light Crude Oil CL Short @ 85.58 --> + 0.12
[14:18:26] <@wrbtrader> trail stop hit
[14:38:52] <+T4n_paper> Shorts Emini NQ @ 2642 -> large size «« sim »»
[14:40:23] <+T4n_paper> Covered Emini NQ Short @ 2639.75 --> + 2.25 «« sim »»
[14:49:36] <+T4n_paper> Shorts Emini NQ @ 2640.75 -> small size «« sim »»
[14:50:31] <+T4n_paper> Covered Emini NQ Short @ 2640.5 --> + 0.25 «« sim »»
[15:10:31] <@wrbtrader> News of the day about the Light Crude Oil (WTI) CL futures...
[15:10:51] <@wrbtrader> Brent New Day: US dump WTI as crude oil benchmark @ http://rt.com/business/news/us-brent-wti-switch-687/
[15:12:17] <@wrbtrader> In the next few months more data providers will be offering data on the Brent Oil futures as more institutional traders in the U.S slowly begin changing aliances
[15:17:06] <@wrbtrader> Last week I started investigating why the Oil CL futures price action was acting strange lately...
[15:17:24] <+Fleneer> back for the bell. see if can keep a green day
[15:17:46] <@wrbtrader> Only thing I could find was this article on Bloomberg @ http://www.bloomberg.com/news/2012-12-0 ... verge.html
[15:20:00] <@wrbtrader> I just didn't know until Saturday that this talk about Brent Oil overtaking WTI Oil as the Oil benchmark has been going on at least since early November.
[15:21:34] <@wrbtrader> I just didn't know until Saturday that this talk about Brent Oil overtaking WTI Oil as the Oil benchmark has been going on at least since early November (MoneyNews) @ http://www.moneynews.com/Markets/brent- ... /id/464871
[15:22:24] <@wrbtrader> I've now added a real-time "Brent Oil" news feed to my tweetdeck
[15:25:33] <+T4n_paper> Shorts Emini NQ @ 2645 -> medium size «« sim »»
[15:27:42] <+T4n_paper> Covered Emini NQ Short @ 2646 --> - 1 «« sim »»
[15:28:31] <+T4n_paper> Long Emini NQ @ 2646.5 -> small size «« sim »»
[15:30:24] <+T4n_paper> Exited Emini NQ Long @ 2648.75 --> + 2.25 «« sim »»
[15:33:31] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[15:48:11] <tonyc_> hi, anyone care to guess ? has it made a top yet ??
[15:49:48] <@wrbtrader> which trading instrument you talking about ???
[15:51:30] <@wrbtrader> EuroFX 6E futures and Forex EurUsd currencly still moving higher...
[15:51:54] <@wrbtrader> key markets not insync at all for a majority of the trading day.
[15:52:52] <+T4n_paper> Shorts Emini NQ @ 2648.25 -> small size «« sim »»
[15:53:28] <@wrbtrader> Oil CL futures looks exhausted...not going anywhere right now
[15:56:07] <@wrbtrader> SPY has been in a tight trading range since November on "consistently declining volatility and volume".
[15:56:43] <+T4n_paper> Covered Emini NQ Short @ 2646.25 --> + 2 «« sim »»
[15:56:48] <@wrbtrader> If this keeps up...soon I'll be a 1 - 2 contract trader or no trades at all.
[15:57:18] <@wrbtrader> Hopefully trading conditions improve in the New Year
[15:57:23] <@wrbtrader> 2013
[15:58:48] <+T4n_paper> i might be done with tf for now
[15:59:26] <@wrbtrader> You know what the institutions say to retail traders...
[15:59:35] <@wrbtrader> Don't get married to your trading instruments :)
[15:59:59] <@wrbtrader> Long Light Crude Oil CL @ 825.30 -> small size
[16:00:06] <+T4n_paper> i dont think i was married
[16:00:07] <@wrbtrader> 2 contracts
[16:00:16] <@wrbtrader> thats' TF
[16:00:17] <+T4n_paper> i just wanted some success in tf that never came
[16:01:25] <@wrbtrader> You were too stubborn to let it go ???
[16:02:16] <+T4n_paper> sometimes keeping at it doesnt work
[16:02:38] <@wrbtrader> How long you been struggling with Emini TF futures ???
[16:03:07] <@wrbtrader> Anything over 2 months should tell you to "switch trading instruments"
[16:03:29] <@wrbtrader> Its something we talk about alot in HERE for a few years.
[16:03:44] <@wrbtrader> Price action is NOT the same in every trading instrument...
[16:04:11] <@wrbtrader> Trade strategies have different performance levels in differnt trading instruments.
[16:04:19] <+tonyc_> i mean the markets , do you think they are near a top for this trend ?
[16:04:29] <+T4n_paper> i've been on TF for 3 years
[16:04:36] <+T4n_paper> 2-3
[16:04:49] <+tonyc_> the trend up since nov 16
[16:04:55] <@wrbtrader> T4n...it should have been no more than a few months :(
[16:05:30] <+T4n_paper> sifting through my trade history
[16:05:36] <@wrbtrader> Exited all Emini TF Long @ 825.90 --> + 0.6
[16:05:43] <+T4n_paper> i've been TF almost allways
[16:05:46] <+T4n_paper> never got it
[16:06:02] <@wrbtrader> That's not the issue
[16:06:05] <+T4n_paper> i only added or took away sister instruments
[16:06:30] <@wrbtrader> The issue is that it was recommended to YOU to switch many times...long ago.
[16:06:45] <@wrbtrader> Yet you continue sticking to the TF futures.
[16:07:04] <@wrbtrader> I just came to the conclusion earlier this year you just didn't like anything else.
[16:07:20] <+T4n_paper> thats true i dont
[16:07:27] <+T4n_paper> but now i dont like TF
[16:07:38] <+T4n_paper> so... now i'm "divorced"
[16:07:39] <@wrbtrader> The goal is to be profitable...
[16:07:45] <+T4n_paper> guess I will whore around now
[16:07:52] <@wrbtrader> Most profitable traders are not trading something they LIKE.
[16:07:58] <@wrbtrader> They trade what makes them money.
[16:08:18] <@wrbtrader> I don't trade what I like...I wish I did but the trading instrument SUCKS
[16:08:45] <+T4n_paper> ?? u like it but it sucks? how so
[16:09:21] <@wrbtrader> My favorite trading instrument is the S&P 500 Emini ES futures
[16:09:33] <+T4n_paper> oh , yep
[16:09:34] <@wrbtrader> I wouldn't touch it with a 100 foot pole :)
[16:09:42] <@wrbtrader> unless I wanted to intentionally lose money
[16:10:12] <@wrbtrader> I have a family to support.
[16:10:36] <@wrbtrader> Thus, I really don't have any room for error when it comes to playing "favoritism" with trading instruments
[16:10:58] <+T4n_paper> well i will try a few instruments
[16:11:04] <+T4n_paper> take care,
[16:11:10] <+T4n_paper> gotta go eat
[16:12:29] <@wrbtrader> By the way, I'll be soon adding Gold GC futures to my trading instruments.
[16:12:44] <@wrbtrader> I hate it but if the world's economies get worst...
[16:13:01] <@wrbtrader> It should become an excellent trading instrument.
[16:15:17] <@wrbtrader> Take care all and see all tomorrow...gotta go snow blow the snow...big snow storm hit us today.
[16:15:49] <@wrbtrader> Almost forgot...
[16:15:53] <@wrbtrader> [16:04:19] <+tonyc_> i mean the markets , do you think they are near a top for this trend ?
[16:16:09] <@wrbtrader> I don't know what markets you're talking about...
[16:17:17] <@wrbtrader> My guess now is that you're talking about the U.S. Index like S&P 500 or Dow Jones Industrial...and not like Gold GC, Oil CL, EuroFX futures
[16:17:46] <@wrbtrader> I have a golden rule...
[16:17:57] <@wrbtrader> If I need to "ask someone if the markets have top"...
[16:18:02] <@wrbtrader> Most likely it has NOT.
[16:18:05] <@wrbtrader> :)
[16:18:10] <@wrbtrader> By all
[16:18:16] * wrbtrader is now known as wrbtrader_away
[16:24:45] <+tonyc_> http://content.screencast.com/users/ton ... 0_1622.png
[16:28:59] <+tonyc_> patterns only a few days old
[17:03:32] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
Session Close: Mon Dec 10 18:34:39 2012

-------------------------

#TheStrategyLab is free and is a serious professional trading chat room involving WRB Analysis in which any trader (position trading, swing trading, day trading) can use the chat room to post their trades or commentaries about stocks, futures, exchange traded funds or forex currencies. Simply, you don't need to be a client of TheStrategyLab.com to use the chat room nor do you need to be a price action only trader (no indicators) because some members use indicators while others do not. Yet, the only requirement is that you want to learn WRB Analysis.

Therefore, we welcome all traders that want to learn about WRB Analysis regardless if they are beginners or experience

The purpose of #TheStrategyLab is that it's designed to be a trade journal for documentation purposes only so that members can have a time stamp archive of trades and market commentaries of each trading day so that they can better understand their broker statements from one trade to the next trade when they review their performance numbers on any given trading day.

Further, members are not obligated to educate nor help other members but members are encourage to ask questions about any trades or market commentaries that's posted by others because sometimes the answers contains useful trading tips.

In addition, our primary job in the free chat room is to moderate the room (keep the peace) because with so many members using different trade signal methods along with different opinions about the market...debates or arguments can easily flare up without moderating. In addition, our presence in the chat room is to ensure it's a spam free chat room during trading although these archived chat logs may contain advertisements for guest visitors.

Commonly discussed trading instruments from stocks, futures, exchange traded funds and forex currencies:

Image CME Emini Futures EMD, ES and NQ

Image ICE Emini TF Futures (formerly CME ER2)

Image CBOT mini-sized Dow Futures YM

Image Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Image Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Image Euronext Futures FTSE-100 and CAC-40

Image CME Futures EuroFX 6E and EC

Image Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Image Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen and Usd/Cad

Image Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

Image NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

Image COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

Image S&P CNX NIFTY Futures

Image Hang Seng Index Futures HSI and mini-Hang Seng MHI

Also, to prevent the usual mix-up about our different chat rooms, most of our fee-base clients do not use chat rooms just like most retail traders do not use chat rooms. Yet, the few clients that do use chat rooms, our fee-base clients are discussing market analysis or price action only trade signals via concepts from our strategies in the private chat rooms called #VolatilityTradingTSL or #SwingTradingTSL and they're not allowed to do such in #TheStrategyLab.

Reminder, our Terms of Use (TOU) Policy is a must read to prevent any misunderstandings along with revealing that #TheStrategyLab is a serious professional trading chat room and we expect members to act professional. Also, these logs may have been edited (rarely) to remove any messages that a member has complained to me via private message that they consider a particular commentary to be inappropriate, offending or too far in the off topic area that's a distraction when the commentary was posted.

Note: chat logs saved (timestamp) from Québec, Canada in eastern daylight time

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body/wide range bar analysis)
Price Action Trading (no technical indicators)
Image@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
intradaystrategies@yahoo.com
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


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