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 Post subject: January 10th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Jan 10, 2013 5:58 pm 
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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

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Attachment:
011013-Key-Price-Action-Markets.png
011013-Key-Price-Action-Markets.png [ 532.21 KiB | Viewed 274 times ]

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

Session Start: Thu Jan 10 08:57:07 2013
Session Ident: #TheStrategyLab
[08:57:07] * Now talking in #TheStrategyLab
[08:57:43] <Tigerman> Exited 1/2 EuroFX 6E Long @ 1.31.94 --> + 1.31.94 - 1.31.84
[08:58:03] <+Tigerman> typo again
[08:58:18] <+Tigerman> Exited 1/2 EuroFX 6E Long @ 1.3194 --> + 1.3194 - 1.31.84
[08:58:42] <+Tigerman> ops my typo was the entry
[08:58:53] <+Tigerman> I type again
[08:59:18] <+Tigerman> Long EuroFX 6E @ 1.3184
[08:59:30] <+Tigerman> Exited 1/2 EuroFX 6E Long @ 1.3194 --> + 0.001
[09:01:22] <+Tigerman> euro rise without fear
[09:01:37] <+Tigerman> ecb conference bring good news
[09:02:45] <+Tigerman> Exited Remainder EuroFX 6E Long @ 1.3195 --> + 0.0011
[09:03:13] <+Tigerman> wanna exit at 1.32
[09:03:28] <+Tigerman> but my greed told me to milk more
[09:03:47] <+Tigerman> In reality I milked less :)
[09:04:22] <canaandog> Tigerman, I've noticed sometime in the fall you suddenly held longer and became more successful
[09:04:35] <+canaandog> used to hold for seconds, exit with tiny profit
[09:04:48] <+canaandog> now doing well
[09:05:27] <+canaandog> what changed? just attitude, or something else?
[09:05:43] <+canaandog> if I may ask :)
[09:06:31] <+Tigerman> canaandog you noticed a different behave in my trades in recent time vs the past ?
[09:06:49] <+Tigerman> it is interesting you note this
[09:07:13] <+canaandog> yes, starting... month or so ago maybe?
[09:07:30] <+canaandog> hard to remember exactly when now
[09:07:39] <+Tigerman> I fight with that x year
[09:07:57] <+Tigerman> I mean simply time ago I was too nervous and impatient
[09:08:30] <+Tigerman> exit with a tiny profit because had fear lose my hard worked gain
[09:09:03] <+Tigerman> now I tend to give more time for trade working out
[09:09:27] <+Tigerman> it is a MENTAL issue
[09:09:38] <+Tigerman> not easy to do
[09:10:08] <+Tigerman> I m pleased you note that,the path is right :)
[09:10:33] <+Tigerman> but every day I fear not do well
[09:10:57] <+Tigerman> simply market always change and now we are in low vola period
[09:11:10] <+Tigerman> very hard
[09:11:51] <+Tigerman> pull the trigger still give strong emotion to me
[09:12:35] <+Tigerman> just to compare ...
[09:13:15] <+Tigerman> in the past did also 40/50 trades in one hour
[09:13:20] <+Tigerman> crazy
[09:13:26] <+canaandog> wow-- yeah
[09:13:44] <+Tigerman> now only a dozen in a day
[09:13:55] <+canaandog> well, keep doing what you're doing now, it's working better (from this perspective, anyway)
[09:14:17] <Fleneer> good morning traders
[09:14:25] <+canaandog> gives me hope for self: I am having similar mental struggles
[09:14:37] <+Tigerman> thanks for your support canaandog
[09:14:41] <+canaandog> diff symptoms, but same cause
[09:14:49] <+Tigerman> yep typical human behaviour
[09:15:26] <@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
[09:16:55] <+Tigerman> canaan...talking before about ToS platform I meant yesterday and today ,after modify the file for memory...
[09:17:29] <+Tigerman> ToS never crashed I am confident this continue every day :)
[09:17:51] <+canaandog> good. and is that unusual to go that long without crashing?
[09:17:58] <+Tigerman> I now used IB in another PC
[09:18:48] <+Tigerman> yes unsual because usually ToS crashed 2 times in a day minimum withou notice
[09:19:02] <@wrbtrader> ToS is like IB...multiple upgrades, fixes every month...every year :(
[09:19:10] <+Tigerman> so I m happy now :)
[09:20:00] <+Tigerman> yeah wrbtrader considering I used both (IB+ToS) I have to be crazy :)
[09:20:05] <@wrbtrader> In contrast, the higher tier (more reliable and more expensive) other data vendors like CQG and Bloomberg may have one upgrade every 1 - 2 years.
[09:20:59] <+Tigerman> roll royce of trading vendor
[09:21:29] <@wrbtrader> Forex EurUsd in a nice looking price rise on low volatility
[09:21:40] <+Tigerman> canaandog I am curious now what happen when I use ToS and IB toghether on same PC
[09:22:23] <+canaandog> # of updates by itself is not a problem IF the testing program is thorough enough
[09:22:50] <+Tigerman> not sure if need add Java for IB
[09:23:09] <+Tigerman> but I think Yes
[09:23:13] <+canaandog> to be fair to tos, I never had it crash, and they release updates sometimes weekly
[09:23:38] <+canaandog> re: java for IB, I don't know, never used it or looked into it seriously
[09:23:47] <+Tigerman> I do not think IB can use the java embedded with ToS
[09:24:25] <+Tigerman> After this my next step is:Win 7 or 8 ?
[09:24:59] <+Tigerman> as we talk yestarday with canaandog Win 7 is more tested then 8
[09:25:02] <+canaandog> 7 at this point for stability
[09:25:14] <+Tigerman> yes exactly
[09:25:33] <+canaandog> 8 only if it has some feature you can't live without and you're hyper-concerned with longevity
[09:25:34] <+Tigerman> I plan to buy a nes SSD for fast boot
[09:25:49] <+canaandog> but considering you're still running xp now, I don't think the latter is the case :)
[09:25:51] <+Tigerman> solid hard disk
[09:26:14] <+canaandog> those are great-- I put one in my new pc
[09:26:19] <+Tigerman> yep SSD only when win7 installed
[09:26:46] <+Tigerman> I know they can be rewritten in XP
[09:26:57] <+canaandog> I also suggest a fresh install of win7, not an upgrade
[09:27:29] <+Tigerman> yeah at this point maybe a new board + Cpu
[09:27:30] <+canaandog> install on new ssd and migrate files, install apps
[09:28:09] <+Tigerman> for SSD samsung seems very good
[09:29:17] <+canaandog> I have a Corsair Force GT and am happy with it
[09:29:38] <+canaandog> check the i/o specs when buying one
[09:31:06] <+Tigerman> ok thanks
[09:31:47] <+Tigerman> I wonder how many Gb of memory I need
[09:31:54] <+Tigerman> as RAM
[09:32:07] <+canaandog> min 4, but ram is cheap, I put in 16
[09:32:18] <+canaandog> 8 is usually a very nice amount
[09:32:47] <@wrbtrader> Shorts Emini TF @ 879.70 -> large size
[09:33:08] <@wrbtrader> 5+1
[09:33:11] <+Tigerman> Shorts EuroFX 6E @ 87.5
[09:33:17] <@wrbtrader> markets are spooked a little
[09:33:27] <+Tigerman> oops it is a IWM
[09:35:07] <+Tigerman> Covered 1/2 EuroFX 6E Short @ 87.4 --> + 0.1
[09:35:32] <@wrbtrader> 877.80 is the session close for Emini TF yesterday
[09:36:01] <+Tigerman> yep it will be nice if price go there
[09:36:50] <@wrbtrader> Wow...look at the price action difference between Emini TF futures versus Emini NQ futures
[09:37:18] <@wrbtrader> markets NOT insync
[09:37:42] <+Tigerman> extremly not insync
[09:38:44] <+Tigerman> Covered Remainder EuroFX 6E Short @ 87.38 --> + 0.12
[09:39:02] <+Tigerman> mine was a IWM trade
[09:39:57] <@wrbtrader> Emini TF in a Creeper Down Movement
[09:40:08] <@wrbtrader> WRB pt2 reached
[09:41:36] <+Tigerman> Shorts iShares IWM @ 87.24
[09:41:43] <@wrbtrader> Covered Emini TF Short @ 876.30 --> + 3.4
[09:42:16] <+Tigerman> Covered all iShares IWM Short @ 87.23 --> + 0.01
[09:42:25] <+Tigerman> I try it :)
[09:42:32] <+Tigerman> nice wrbtrader
[09:42:39] <@wrbtrader> Emini TF futures clearly over-reacted in comparison to the other Emini futures
[09:42:49] <+Tigerman> as always you can hang on more then me :)
[09:43:16] <@wrbtrader> Its easy to hang on when the trade immediately goes your way @ entry
[09:43:32] <@wrbtrader> The hard ones to hold on when it starts to go against you @ entry
[09:43:54] <@wrbtrader> more of a psychological issue
[09:43:56] <+Tigerman> yeah agreed
[09:44:19] <zz> gm all
[09:44:26] <+Tigerman> psychological issue always that :)
[09:44:34] <+zz> charts issue ..:(
[09:44:48] <+zz> biab if can
[09:45:07] <GoBucks> my experience has been that can mostly be corrected by analyzing your rules for entry ... some tweeking based on recent performance can help improve the percentage of trades that move in your direction at entry
[09:45:29] <+GoBucks> reduces that psychological stress
[09:45:45] <+GoBucks> and helps ur trade management
[09:48:59] <+Tigerman> Shorts iShares IWM @ 87.14
[09:49:47] <+Tigerman> Covered all iShares IWM Short @ 87.17 --> - 0.03
[09:50:41] <@wrbtrader> Emini TF Creeper Down Movement still active
[10:01:45] <@wrbtrader> Eurex DAX WRB Zone @ 0840am - 0845am est
[10:02:04] <@wrbtrader> some folks like to call it the Eurex FDAX futures
[10:11:56] <+Tigerman> Long iShares IWM @ 87.4
[10:12:06] <@wrbtrader> Long Emini TF @ 878.60 -> small size
[10:12:09] <+Tigerman> maybe an early entry
[10:12:10] <@wrbtrader> 1 contract
[10:12:13] <@wrbtrader> chasing
[10:12:19] <+Tigerman> me too :)
[10:12:41] <@wrbtrader> should have been in around 878.10
[10:13:04] <@wrbtrader> Exited Emini TF Long @ 878.10 --> - 0.5
[10:13:21] <@wrbtrader> easy obvious stop placement
[10:15:01] <+Tigerman> Exited all iShares IWM Long @ 87.34 --> - 0.06
[10:21:35] <+Tigerman> Long iShares IWM @ 87.31
[10:21:42] <+Tigerman> re try
[10:22:44] <+Tigerman> Exited all iShares IWM Long @ 87.28 --> - 0.03
[10:30:25] <@wrbtrader> Shorts Emini TF @ 876.10 -> small size
[10:30:31] <@wrbtrader> 3 contracts
[10:30:35] <@wrbtrader> increasing volatility
[10:30:55] <@wrbtrader> due to the key market event
[10:31:13] <+Tigerman> Shorts iShares IWM @ 87.17
[10:31:14] <@wrbtrader> WRB pt1 reached
[10:31:18] <@wrbtrader> late entry
[10:31:27] <@wrbtrader> signal @ 877.00
[10:33:41] <@wrbtrader> Covered all Emini TF Short @ 875.80 --> + 0.3
[10:33:46] <+Tigerman> Covered all iShares IWM Short @ 87.12 --> + 0.05
[10:33:59] <@wrbtrader> no wiggle room to stay in that trade due to the late entry
[10:35:09] <@wrbtrader> Shorts Emini TF @ 875.10 -> medium size
[10:35:16] <@wrbtrader> re-entry
[10:35:19] <@wrbtrader> 4 contracts
[10:38:32] <@wrbtrader> Covered all Emini TF Short @ 874.80 --> + 0.3
[10:38:35] <@wrbtrader> :(
[10:38:45] <Ben_> when u got time can u tell me what the key market event was???
[10:39:11] <@wrbtrader> Ben...here's the calendar @ http://www.forexfactory.com/calendar.php
[10:39:15] <+Ben_> link?
[10:40:00] <@wrbtrader> Shorts Emini TF @ 874.60 -> large size
[10:40:07] <@wrbtrader> re-entry
[10:40:10] <@wrbtrader> 4+2
[10:41:10] <@wrbtrader> volatility contraction showing up
[10:41:55] <@wrbtrader> Covered all Emini TF Short @ 874.80 --> - 0.2
[10:42:20] <@wrbtrader> Shorts Emini TF @ 874.80 -> large size
[10:42:22] <+Tigerman> Shorts iShares IWM @ 87.02
[10:42:26] <@wrbtrader> 6 contracts
[10:42:29] <@wrbtrader> re-entry
[10:42:32] <@wrbtrader> same price action
[10:42:42] <@wrbtrader> stop problem on prior trade
[10:43:23] <+Tigerman> contracting here ,hope x a down spike soon
[10:43:42] <@wrbtrader> expecting a volatility spike here soon
[10:43:48] <@wrbtrader> tightning stop loss protection
[10:48:53] <@wrbtrader> Covered all Emini TF Short @ 874.40 --> + 0.4
[10:48:56] <@wrbtrader> shallow WRB pt1
[10:49:04] <@wrbtrader> wasn't worth the effort
[10:50:41] <+Tigerman> Covered all iShares IWM Short @ 87.01 --> + 0.01
[10:50:50] <+Tigerman> wow :(
[10:56:28] <@wrbtrader> Shorts Emini TF @ 875.60 -> small size
[10:56:38] <@wrbtrader> 2 contracts
[10:59:08] <@wrbtrader> Covered all Emini TF Short @ 875.30 --> + 0.3
[10:59:13] <@wrbtrader> geeesh
[10:59:43] <@wrbtrader> that's the 4th trade today that I had a trail stolen
[11:00:26] <@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
[11:17:02] <@wrbtrader> Shorts Emini TF @ 874.40 -> small size
[11:17:10] <@wrbtrader> 3 contracts
[11:18:23] <+Tigerman> Shorts iShares IWM @ 86.98
[11:18:56] <@wrbtrader> geeesh
[11:18:59] <@wrbtrader> :(
[11:19:22] <@wrbtrader> tough price area...not coughing up anything to the short side
[11:19:30] <@wrbtrader> time for lunch
[11:19:58] <@wrbtrader> Covered all Emini TF Short @ 874.30 --> + 0.1
[11:20:26] <+Tigerman> Covered all iShares IWM Short @ 86.98 --> 0
[11:42:17] <+Tigerman> see all later
[11:49:07] <+zz> later guys charts still not woking
[11:49:22] <Ben_> do u cqg
[11:49:28] <+Ben_> as provider
[11:49:30] <+zz> y
[11:49:49] <+zz> later guys
[12:08:44] <+Ben_> hey wrbtrader in the book it says ("of each of the prior three intervals ") on page 9 are u talking about 3 bars back if its bigger then its a WBR
[12:31:10] <MattR> Ben, yes, intervals can be bars or candlesticks.
[12:45:27] <@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
[13:14:39] <+Ben_> wrbtrader.... contracting volatility is that the same as a pullback after a WRB
[13:15:53] <@wrbtrader> Hi Ben
[13:16:08] <@wrbtrader> contracting volatility is not a pullback
[13:16:33] <@wrbtrader> Meant...that's not the definition but it could occur as a pullback or it could occur as continuation
[13:16:54] <@wrbtrader> Thus, if there's a volatility spike that takes price upwards...
[13:17:20] <@wrbtrader> volatility can be in contraction while the next small three intervals are still rising in price
[13:18:16] <+Ben_> so right now looking at the E-mini would u called that WRB and a contraction
[13:39:31] <@wrbtrader> Hey Ben...you need to say which Emini futures you're talking about, time frame chart and interval time of the WRB
[13:40:45] <@wrbtrader> For example...
[13:41:27] <@wrbtrader> Emini NQ had a WRB Hidden GAP @ 1220pm est
[13:41:49] <@wrbtrader> all the intervals after that interval are volatility contraction intervals...
[13:41:52] <@wrbtrader> Until...
[13:42:08] <@wrbtrader> 2min chart
[13:43:53] <@wrbtrader> the next WRB Hidden GAP at 1322pm est
[13:44:28] <@wrbtrader> Technically...any interval that's smaller than the WRB Hidden GAP interval...
[13:45:13] <@wrbtrader> Its a volatility contraction interval until the next WRB Hidden GAP that's bigger than the prior WRB Hidden GAP that's being discussed
[13:46:04] <+Ben_> I was talking about the E-mini ES 5min 12:00 Noon CT
[13:46:57] <@wrbtrader> Yep...that's a WRB Hidden GAP and all intervals after it so far are volatility contraction intervals
[13:47:42] <+Ben_> ok perfect thats what I thought thank you
[13:48:38] <@wrbtrader> Take a look at the Emini ES 5min chart @ 1015am cst
[13:48:46] <@wrbtrader> or 1115am est
[13:48:57] <@wrbtrader> That down interval is a WRB Hidden GAP
[13:49:18] <@wrbtrader> all the intervals afterwards...with price action rising
[13:49:26] <@wrbtrader> they are all volatility contraction intervals
[13:49:46] <@wrbtrader> Until that 12noon cst interval you originally asked about
[13:50:24] <@wrbtrader> A good example to show that volatility contraction is not defined by a price pullback
[13:51:09] <+Ben_> ok so everything that fallows a WRB is considered contraction until the next WRB right?
[13:51:21] <@wrbtrader> Yep
[13:53:09] <+Ben_> ok cool now i get it
[14:23:28] <@wrbtrader> Light Crude Oil CL futures still declining on the increasing volatility
[14:30:28] <@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
[14:51:05] <@wrbtrader> nice looking volatility contraction in the Emini futures after the volatility spike upwards
[14:51:19] <@wrbtrader> Emini TF in a Creeper Up Movement
[14:52:15] <@wrbtrader> Long Emini TF @ 878.20 -> medium size
[14:52:21] <@wrbtrader> 4 contracts
[14:52:46] <Donnin> crazy day
[14:53:48] <@wrbtrader> no follow through so far
[14:54:01] <@wrbtrader> other key markets stalling a little
[14:54:33] <@wrbtrader> Exited all Emini TF Long @ 878.20 --> 0
[14:56:11] <@wrbtrader> Long Emini TF @ 878.40 -> large size
[14:56:18] <@wrbtrader> 6 contracts
[14:56:21] <@wrbtrader> re-entry
[14:58:02] <@wrbtrader> price action had its chance
[14:59:27] <@wrbtrader> last hour of the regular trading session is now about to start
[15:01:14] <@wrbtrader> Exited 1/2 Emini TF Long @ 878.50 --> + 0.1
[15:01:20] <@wrbtrader> :(
[15:01:24] <@wrbtrader> lowering my risk
[15:02:15] <@wrbtrader> 3 contracts was the original plan but I increased the size
[15:02:45] <@wrbtrader> Exited all Emini TF Long @ 878.50 --> + 0.1
[15:02:56] <@wrbtrader> wasted trades
[15:03:30] <@wrbtrader> need to wait for the next volatility spike to shake things up
[15:13:26] <@wrbtrader> Creeper Up Movement still active in the Emini futures while Oil CL futures is rolling over southward again
[15:14:18] <@wrbtrader> Long Emini TF @ 879.30 -> small size
[15:14:25] <@wrbtrader> 1 contract
[15:15:48] <@wrbtrader> Exited Emini TF Long @ 879.00 --> - 0.3
[15:30:35] <@wrbtrader> Long Emini TF @ 880.00 -> small size
[15:30:49] <@wrbtrader> 2 contracts
[15:30:53] <@wrbtrader> :(
[15:31:07] <@wrbtrader> just got slap with a data problem
[15:31:22] <@wrbtrader> 5 ticks worth
[15:31:52] <@wrbtrader> Exited all Emini TF Long @ 879.90 --> - 0.1
[15:31:57] <@wrbtrader> trade error
[15:36:21] <@wrbtrader> setting up to be an exciting regular session close
[15:39:44] <+Donnin> short?
[15:47:00] <+Tigerman> I m back for last minutes show
[15:47:24] <+Tigerman> e-minis slowly rfising but in small tight intervals
[15:47:41] <+Tigerman> rfising=rising
[15:59:09] <@wrbtrader> Long Emini TF @ 878.70 -> small size
[15:59:14] <@wrbtrader> 3 contracts
[15:59:19] <+Tigerman> seems another usless close
[15:59:30] <@wrbtrader> Creeper Up Movement still active
[16:00:20] <@wrbtrader> so far...very little volatility into that close
[16:00:45] <@wrbtrader> it tried hard
[16:01:25] <@wrbtrader> tighten stop loss protection
[16:04:12] <+Tigerman> Long iShares IWM @ 87.48
[16:04:23] <+Tigerman> just chase a bit
[16:04:29] <+Tigerman> small size
[16:04:53] <+Tigerman> seems some interest in IWM at the close
[16:08:15] <@wrbtrader> WRB pt1 reached
[16:11:20] <@wrbtrader> Exited all Emini TF Long @ 880.10 --> + 1.4
[16:11:33] <+Tigerman> good
[16:12:28] <@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
[16:13:31] <+Tigerman> Exited all iShares IWM Long @ 87.54 --> + 0.06
[16:31:10] <+Tigerman> take care all see all tomorrow
[16:40:38] <@wrbtrader> Want to document in here that those last hour of trades I took...
[16:41:05] <@wrbtrader> They all occurred within the WRB Zone @ 0930am - 0935am est (5min chart)
[16:42:03] <@wrbtrader> The was also the 3min chart WRB Zone @ 0933am - 0936am est
[16:42:41] <@wrbtrader> I document this so that any time in the future I want to review a past trading day with my old broker statement...
[16:42:58] <@wrbtrader> I can determine what I was seeing in the price action during specific trades.
[16:43:24] <+Donnin> do key event trump the other signals
[16:43:30] <@wrbtrader> Price action analysis information that broker statements don't contain.
[16:43:34] <+Donnin> 4-12
[16:43:39] <@wrbtrader> [16:43:24] <+Donnin> do key event trump the other signals
[16:43:51] <@wrbtrader> Not sure what you meant.
[16:44:01] <@wrbtrader> WRB Analysis are not trade signals.
[16:44:10] <@wrbtrader> Thus, can't compare them to trade signals
[16:44:16] <+Donnin> i dee
[16:44:27] <@wrbtrader> Unless if you're asking if WRB Analysis is just as important as trade signals.
[16:44:32] <@wrbtrader> The answer is YES
[16:44:49] <@wrbtrader> I ignore any trade signal that doesn't occur within a WRB Zone
[16:44:58] <+Donnin> wow
[16:45:06] <@wrbtrader> All my profit targets are based upon WRB Analysis
[16:45:17] <@wrbtrader> Simply...
[16:45:26] <@wrbtrader> WRB Analysis is NOT dependent upon trade signals.
[16:45:39] <@wrbtrader> In contrast, my trade signals are dependent upon WRB Analysis
[16:46:24] <+Donnin> good stuff to know
[16:47:29] <+Donnin> i want to just jump into 4-12
[16:47:55] <+Donnin> because i find tracking events ect advanded
[16:48:30] <+Donnin> does that make sense
[16:50:16] <@wrbtrader> Only tutorial chapter involving key market events is tutorial chapter 2
[16:50:34] <+Donnin> yea true
[16:50:36] <@wrbtrader> All the other tutorial chapters do not involve key market events
[16:50:54] <+Donnin> im still on chapt 2
[16:51:24] <@wrbtrader> The purpose for tutorial chapter 2 is to TELL traders that its NOT always about TA.
[16:52:01] <@wrbtrader> The markets move OFTEN via what's being said by the FED, ECB, IMF, geopolitical events, breaking news and so on.
[16:52:19] <@wrbtrader> Its what institutional traders follow and try to exploit.
[16:52:28] <@wrbtrader> Most pro traders DO NOT use TA
[16:53:08] <+Donnin> i agree
[16:53:35] <@wrbtrader> My point is that TA is helpful but its not the reason why the markets move "most of the time".
[16:53:54] <@wrbtrader> For example...
[16:54:04] <@wrbtrader> I trade the 4pm est rush hour traffic
[16:54:16] <@wrbtrader> rarely do I use any specific TA
[16:54:29] <@wrbtrader> I'm just trying to follow the flow of the price action
[16:54:46] <@wrbtrader> Yet, when I do use TA...its helpful
[16:55:14] <@wrbtrader> Thus, the 4pm est rush hour traffic trades I do involve a "market tendency".
[16:55:35] <@wrbtrader> Similar to what long term traders do
[16:55:51] <@wrbtrader> Like wheat traders, corn traders and so on...
[16:56:12] <+Donnin> so you played the price action
[16:56:16] <@wrbtrader> Those guys use a ton of market (seasonal) tendency to make their trade decisions
[16:56:30] <@wrbtrader> Yes, I play price action. Thus, I don't use any technical indicators
[16:56:47] <@wrbtrader> If I did use technical indicators (e.g. MACD)...
[16:57:01] <@wrbtrader> I wouldn't have any problems with it because its just a "tool"
[16:57:17] <@wrbtrader> Thus, it wouldn't be the only thing I would be using
[16:57:55] <@wrbtrader> The best technical indicator traders are not using their indicators all by itself...they are using it with other trading tools
[16:58:49] <+Donnin> yea
[16:59:43] <+Donnin> i have
[17:00:06] <+Donnin> my tools understanding these ranges will only
[17:00:15] <+Donnin> help me
[17:11:35] <@wrbtrader> Take care all and see all tomorrow
[17:42:28] <@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

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

#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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