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 Post subject: January 8th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Jan 08, 2013 7:46 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 help 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:
010813-Key-Price-Action-Markets.png
010813-Key-Price-Action-Markets.png [ 550.97 KiB | Viewed 258 times ]

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

Session Start: Tue Jan 08 09:09:16 2013
Session Ident: #TheStrategyLab
[09:09:16] * Now talking in #TheStrategyLab
[09:13:50] <canaandog> hmm. GC asleep at its own open, took off at CL open.
[09:21:20] <+Trendtrader> gm all
[09:27:46] <@wrbtrader> Key Market Events @ 1000am and 1500pm est
[09:28:43] <+canaandog> what's at 1000?
[09:29:11] <+Trendtrader> Long Emini TF @ 872.9
[09:29:12] <+Trendtrader> x6
[09:30:37] <@wrbtrader> International Calendar @ http://www.forexfactory.com/calendar.php
[09:30:54] <+Trendtrader> Exited 3/4 Emini TF Long @ 873.9 --> + 1
[09:31:05] <+Trendtrader> 1 left
[09:31:23] <+Trendtrader> Exited Remainder Emini TF Long @ 873 --> + 0.1
[09:31:32] <@wrbtrader> Another calendar (primarily for U.S. Markets) @ http://fidweek.econoday.com/
[09:31:54] <+canaandog> that's the one I've been using (blank at 1000)
[09:32:22] <+canaandog> thanks
[09:32:36] <+Trendtrader> k guys, I'm off on a vacation again. See you all in a couple of weeks (week of Jan 28 at the lastest)
[09:41:17] <@wrbtrader> Emini ES futures having difficulties is entering into the volatility contraction area of yesterday's last 45 minutes of regular trading session
[09:42:48] <Tigerman> good mornibg all
[09:43:59] <+Tigerman> congestion in iwm/tf
[09:45:37] <@wrbtrader> Light Crude Oil CL futures stuck inside a low volatility trading range
[09:49:57] <@wrbtrader> Increasing volatility in Eurex DAX futures
[09:57:40] <+Tigerman> Shorts iShares IWM @ 86.79
[09:57:46] <+Tigerman> intuition
[10:01:28] <+Tigerman> Covered all iShares IWM Short @ 86.75 --> + 0.04
[10:01:57] <+Tigerman> price not moving smooth
[10:02:22] <+Tigerman> many shadows here try to make a support
[10:04:23] <@wrbtrader> Shorts Emini TF @ 871.70 -> large size
[10:04:33] <@wrbtrader> 6 contracts
[10:06:17] <+Tigerman> Shorts iShares IWM @ 86.74
[10:06:37] <@wrbtrader> Covered all Emini TF Short @ 871.00 --> + 0.7
[10:07:36] <@wrbtrader> not a WRB pt1 exit
[10:08:01] <@wrbtrader> I just didn't like the price action after entry and decided to dump it as soon as I got more than a few ticks
[10:08:19] <+Tigerman> Covered all iShares IWM Short @ 86.73 --> + 0.01
[10:14:19] <@wrbtrader> increasing volatility
[10:15:48] <@wrbtrader> Shorts Emini TF @ 870.40 -> small size
[10:15:59] <@wrbtrader> 3 contracts
[10:17:40] <@wrbtrader> lost in the forest on this trade too :(
[10:26:17] <@wrbtrader> Covered all Emini TF Short @ 870.20 --> + 0.2
[10:26:28] <@wrbtrader> shallow WRB pt1 reached
[10:27:13] <@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
[10:59:28] <@wrbtrader> SPY and Emini ES in a Creeper Down Movement without any trade signals into it
[11:10:49] <@wrbtrader> Shorts Emini TF @ 868.70 -> small size
[11:10:54] <@wrbtrader> 1+1
[11:19:41] <@wrbtrader> time for a lunch break
[11:21:13] <@wrbtrader> Covered all Emini TF Short @ 868.40 --> + 0.3
[11:21:36] <@wrbtrader> shallow WRB pt1 @ 868.20
[11:21:52] <@wrbtrader> I gave it a little time extra to see if volatility would show up...
[11:21:55] <@wrbtrader> It didn't
[11:21:59] <@wrbtrader> be back later
[12:12:14] <@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
[13:42:14] <@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: Tue Jan 08 13:56:47 2013

Session Start: Tue Jan 08 13:56:47 2013
Session Ident: #TheStrategyLab
[13:56:47] * Disconnected
[13:58:47] * Attempting to rejoin channel #TheStrategyLab
[13:58:57] * Rejoined channel #TheStrategyLab
[13:58:57] * Topic is ' WRB Analysis Chat room only for traders using WRB Analysis (WRBs, WRB Hidden GAPs, WRB Zones) for day trading, swing trading or position trading.'
[13:58:57] * Set by X on Fri Dec 21 08:17:52
[15:27:15] <@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
[15:30:09] <@wrbtrader> Most schools are going back in session this week after the holidays...
[15:30:25] <@wrbtrader> Many workers going back to work after the holidays.
[15:30:44] <@wrbtrader> Simply, this chat room will get smaller :)
[15:31:03] <+Tigerman> and we hope trader go back and move the markets :)
[15:31:03] <@wrbtrader> It happens every year
[15:31:16] <@wrbtrader> Tigerman...exactly
[15:31:29] <@wrbtrader> Hopefully, folks start investing and trading.
[15:31:55] <@wrbtrader> declining volatility, declining volume is tough market conditions to be trading within
[15:33:52] <+Tigerman> oh yeah very tought
[15:34:27] <+Tigerman> about low volatility, after years of this...
[15:34:54] <+Tigerman> I learned to do nothing and stay aside
[15:35:19] <+Tigerman> it require strong mental discipline
[15:37:32] <+canaandog> my early logs were littered with the notation "ttmsh" on failed trades: Tried To Make Something Happen
[15:40:17] <@wrbtrader> Shorts Emini TF @ 871.20 -> medium size
[15:40:25] <@wrbtrader> 4 contracts
[15:41:22] <@wrbtrader> trying to stall
[15:43:08] <@wrbtrader> now I see why :(
[15:44:18] <@wrbtrader> looking for a Houdini Escape out of this trade with a profit
[15:45:34] <@wrbtrader> Covered all Emini TF Short @ 871.10 --> + 0.1
[15:46:53] <@wrbtrader> Emini TF was retesting the WRB Zone of the 1500pm est interval
[15:47:27] <@wrbtrader> now below the S area of that WRB Zone
[15:50:56] <@wrbtrader> Long Emini TF @ 871.50 -> medium size
[15:51:08] <@wrbtrader> 4 contracts
[15:53:31] <+Tigerman> Long iShares IWM @ 86.74
[15:57:14] <+Tigerman> Exited all iShares IWM Long @ 86.78 --> + 0.04
[15:57:27] <+Tigerman> better than expected
[15:57:54] <+Tigerman> I almost wanna exit at 86.74 om previous retrace
[15:58:15] <+Tigerman> patience pay off
[15:59:15] <@wrbtrader> tighten trail @ profit
[16:00:26] <@wrbtrader> Exited all Emini TF Long @ 873.00 --> + 1.5
[16:00:29] <+Tigerman> wow price continue strong without me on board :)
[16:00:38] <@wrbtrader> WRB pt1 reached
[16:00:55] <+Tigerman> nice wrbtrader
[16:02:17] <@wrbtrader> Glad I saw that WRB Zone that the prior Short position was stalling inside
[16:02:50] <@wrbtrader> Had I not saw that...most likely would have taken a small loss on the Short and then gotten a poor entry into the Long due to holding the Short too long
[16:06:38] <@wrbtrader> continuing to climb on declining volatility and declining volume
[16:07:27] <@wrbtrader> Nice example that volume analysis all by itself is tough to use without consideration in basic supply/demand dynamics
[16:07:35] <@wrbtrader> or market context
[16:12:14] <+Tigerman> yes supply/demand is very important and understand the context prior an entry
[16:12:48] <+Tigerman> also a 1000 eyes on various charts helps
[16:13:15] <@wrbtrader> That's one of the things we need to do more in here...
[16:13:44] <@wrbtrader> Talk about the price action we see developing.
[16:14:38] <@wrbtrader> Not difficult to mention pivot areas, s/r areas, WRBs, WRB Hidden GAPs or WRB Zones
[16:15:27] <+Tigerman> yes very useful
[16:15:49] <@wrbtrader> All that information creates the "more eyes on the market" because we can not possibly see everything by ourselves.
[16:16:16] <@wrbtrader> That's my answer when some folks say "Why Do You Have A Chat Room" ???
[16:16:23] <@wrbtrader> Is it a distraction ???
[16:17:23] <@wrbtrader> I can't see every market. Thus, if someone shows up and talks about what they're seeing and if its helpful with giving me a better understanding of the price action I'm trading...
[16:17:41] <@wrbtrader> Its a plus for me.
[16:17:45] <+Tigerman> totally agreed
[16:18:25] <@wrbtrader> One year when I was primarily trading Emini ES futures...
[16:19:24] <@wrbtrader> I estimated that the price action commentaries in here by other traders of Gold GC futures, Eurex DAX futures, Light Crude Oil CL futures, Forex EurUsd and key global economic events...
[16:19:43] <@wrbtrader> It helped me make an extra 16k in profits
[16:20:15] <@wrbtrader> Not easy for me to do the math...this chat room is free and doesn't cost me a penny to maintain.
[16:20:33] <@wrbtrader> More Eyes On The Markets
[16:20:38] <@wrbtrader> completely agree
[16:21:25] <@wrbtrader> For example...
[16:21:41] <@wrbtrader> I remember one specific Emini ES trade of 3 contracts...
[16:22:17] <@wrbtrader> I was Long and it just reached a shallow WRB pt1 of about +0.75
[16:22:39] <@wrbtrader> I was going to exit the trade and go out for lunch (sushi) down the street.
[16:23:26] <@wrbtrader> Someone in the chat room posted "susprised rate cut"
[16:24:02] <@wrbtrader> I saw it...took my finger off mouse and watched Emini ES futures shoot up about 40 points
[16:24:39] <@wrbtrader> That was back in the days when the FED was doing those "surprise rate cuts" during regular trading hours.
[16:24:50] <@wrbtrader> causing crazy volatility
[16:25:25] <@wrbtrader> Had it not been for the room member announcing that the FED had just did a surprise rate cut...
[16:26:01] <@wrbtrader> I would have been walking out the door heading for the sushi place with only a +0.75 profit instead of +40.75 profit per contract
[16:26:40] <@wrbtrader> Now with social media like Twitter and Stocktwits...
[16:26:58] <@wrbtrader> I pay close attention to what others are saying.
[16:27:11] <@wrbtrader> I don't care to here about trade signals...
[16:27:28] <@wrbtrader> I'm just interested in hearing about other key information that impacts the price action
[16:35:52] <+Tigerman> yeah this chat room is of great value
[16:36:48] <+Tigerman> so many thanks to wrbtrader and everyone comment here with useful information
[16:37:06] <+Tigerman> take care all see all tomorrow
[16:57:15] <@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: Tue Jan 08 18:19:26 2013

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

#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 #WRB_Analysis 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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