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 Post subject: January 24th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Jan 24, 2013 6:42 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
##TheStrategyLab (located on the Freenode IRC network) 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 ask questions about WRB Analysis, post real-time price action analysis involving WRB Analysis merged with your own trade methods, post real-time trades or talk about general market issues impacting today's price action 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 that's located on the Freenode IRC network...please follow the instructions here at the FTCHAT Support Forum @ http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5 or via the the instructions from the TSL Support Forum @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164

Note: ##TheStrategyLab chat room is now located on the Freenode IRC network after moving from the Othernet IRC network.

Attachment:
012413-Key-Price-Action-Markets.png
012413-Key-Price-Action-Markets.png [ 531.78 KiB | Viewed 224 times ]

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

Session Start: Thu Jan 24 07:54:59 2013
Session Ident: ##TheStrategyLab
[07:54:59] * Now talking in ##TheStrategyLab
[07:54:59] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:36:51] <newbieman> gm guys
[08:36:53] <newbieman> and girls
[08:41:46] <Donnin_> hey were already entering the gap on es
[08:41:57] <Donnin_> premarket
[09:06:31] <MattR_> getting some volatility in CL
[09:06:51] <newbieman> look at fdax
[09:06:57] <newbieman> and tf
[09:11:15] <newbieman> i shorted fdax guys
[09:11:22] <newbieman> 7731
[09:13:33] <wave1> gm all
[09:15:37] <Zr1trader> Long YI Mini Silver 31.798 1 contract
[09:23:27] <Trendtrader> gm all
[09:25:43] <Zr1trader> Nat Gas storage and CL inventories today, 10;30 , 11 am CST
[09:26:56] <Zr1trader> I like it when due to holiday they are released on same day.
[09:31:10] <Zr1trader> AAPL crowd probably not too thrilled today.
[09:31:52] <canaandog> oh well. life on the dark side.
[09:33:15] <MattR_> hah
[09:33:28] <MattR_> I love my Apple hardware, but I pity the stock owners I know.
[09:33:34] <MattR_> …that didn't get out near $700
[09:33:39] <Trendtrader> x4
[09:35:49] <Zr1trader> Short Nat Gas NG 1 contract 3.570
[09:36:32] <wave1> S es 90.5
[09:36:42] <TigermanTrader> gm all
[09:36:54] <TigermanTrader> long IWM 89.2
[09:36:56] <Trendtrader> gm Tiger
[09:37:10] <TigermanTrader> script seems not working x me
[09:37:13] <TigermanTrader> hi trend
[09:37:58] <canaandog> tiger, maybe you should have become iTigerman (for Italy) :)
[09:38:08] <@wrbtrader> Key Market Events Schedule @ 1000am, 1030am, 1100am and 1330pm est
[09:38:12] <TigermanTrader> I m sure I m the only one can see my trade x script
[09:38:21] <Trendtrader> yeah Tiger, not really 4 me either, the numbers work but now I'm *#TheStrategyLab*
[09:38:44] <@wrbtrader> TigermanTrader...what's a "x script" ???
[09:39:03] <canaandog> "by script"
[09:39:10] <TigermanTrader> yeah
[09:39:16] <TigermanTrader> sorry
[09:39:22] <TigermanTrader> I am exausted
[09:39:36] <TigermanTrader> just finish a 2 hour basketball game
[09:39:46] <TigermanTrader> not used to that x long time
[09:40:00] <TigermanTrader> I have to do sports again
[09:41:42] <TigermanTrader> canaandog do you know a way in ToS chart to start the data x the day with a defined (by user) bars back from now?
[09:42:16] <canaandog> not sure what you mean
[09:42:33] <TigermanTrader> I mean usually you define in intraday if you wanna see data starts from today , or 2 days ans so on
[09:42:34] <@wrbtrader> Reminder - If you're using the trade post script...the old script doesn't work in here
[09:42:45] <TigermanTrader> I use the new one
[09:42:54] <@wrbtrader> You need to go to the forum and download the new script that's specific for the Freenode IRC network
[09:43:24] <TigermanTrader> I wanna start the charts from today (now) and see 60 bars back from now
[09:43:44] <TigermanTrader> yeah wrbtrader I done that
[09:44:05] <TigermanTrader> it works in my side buy you cant see it
[09:44:23] <canaandog> tiger, I don't. I always just set the interval I wanted and then 1 or two days back. Don't know if there's a way to do that or not.
[09:44:26] <@wrbtrader> Long Emini TF @ 900.50 -> large size
[09:44:47] <@wrbtrader> 6 contracts
[09:45:22] <@wrbtrader> Other key markets were giving support...its now gone
[09:45:51] <@wrbtrader> looking for a Houdini Escape out of this trade
[09:46:39] <TigermanTrader> exit IWM @ 89.57
[09:46:40] <canaandog> also set magnification so bars were size I wanted
[09:46:41] <@wrbtrader> Exited all Emini TF Long @ 900.60 --> + 0.1
[09:46:57] <@wrbtrader> got out before any damage was done
[09:48:49] <newbieman> mark
[09:48:53] <TigermanTrader> IWM cover + 0.37 pt
[09:48:59] <newbieman> can you post your wrbgaps today please
[09:49:06] <newbieman> if you dont mind
[09:49:20] <@wrbtrader> newbieman...for what ?
[09:49:37] <newbieman> well after the fact is fine by me
[09:49:43] <@wrbtrader> For what ?
[09:49:50] <newbieman> i dunno
[09:49:53] <newbieman> to learn
[09:49:54] <newbieman> i guess
[09:49:55] <@wrbtrader> :)
[09:50:02] <newbieman> sorry
[09:50:06] <newbieman> :(
[09:50:20] <wave1> out es -4
[09:50:54] <@wrbtrader> newbieman, do you have charts open on your monitor ?
[09:51:00] <newbieman> yes
[09:51:03] <newbieman> i have them up
[09:51:05] <newbieman> now
[09:51:13] <@wrbtrader> Charts of what ?
[09:51:18] <newbieman> tf
[09:51:46] <@wrbtrader> You have difficult in seeing WRB Hidden GAPs ???
[09:51:52] <newbieman> yes
[09:52:10] <@wrbtrader> what chart interval you looking at ?
[09:52:17] <newbieman> 15min tf
[09:52:50] <@wrbtrader> Here's a WRB Hidden GAP...
[09:53:05] <@wrbtrader> 0830am - 0845am est
[09:53:28] <@wrbtrader> Do you see why that's a WRB Hidden GAP ?
[09:53:47] <wave1> geez S dangerous ...bulls all over
[09:54:09] <newbieman> no
[09:54:12] <newbieman> i dont see it
[09:54:15] <newbieman> on 15min
[09:54:17] <newbieman> sorry
[09:54:40] <@wrbtrader> You don't have a WRB Hidden GAP or you don't understand why its a WRB Hidden GAP ?
[09:54:49] <newbieman> both
[09:54:52] <newbieman> i think
[09:56:03] <Donnin_> tf is ripping why u jump out long
[09:56:43] <Donnin_> oh i see
[09:56:59] <Donnin_> i didnt see the entry
[09:57:25] <@wrbtrader> newbieman...did you read tutorial chapter 1 ???
[09:57:33] <newbieman> yes
[09:57:37] <newbieman> from 1-3
[09:58:14] <@wrbtrader> Basically your saying you don't understand tutorial chapter 1 about WRB Hidden GAPs
[09:58:20] <@wrbtrader> right ??
[09:58:21] <newbieman> yes
[09:58:24] <newbieman> correct
[09:58:26] <Zr1trader> YI out 31.61 -.59c
[09:58:42] <@wrbtrader> Do you know what is a WRB (not WRB Hidden GAP ) ???
[09:59:06] <newbieman> i read your chapters
[09:59:12] <newbieman> but i dont get it
[09:59:15] <newbieman> sorry
[09:59:27] <@wrbtrader> Ok...so you don't even know what is a WRB
[09:59:51] <newbieman> i can reapeat
[09:59:59] <Zr1trader> my mistake .19c YI
[10:00:09] <Zr1trader> -.19****
[10:00:11] <newbieman> hidden gap is the price action with in the range of intervals
[10:00:30] <newbieman> and etc
[10:00:40] <@wrbtrader> I'm just talking about WRB
[10:00:40] <newbieman> i just dont seem wrb gaps just yet
[10:01:03] <@wrbtrader> I think the reason why your confused about a WRB Hidden GAP is that you don't know what is a WRB
[10:01:13] <newbieman> i will read it again
[10:01:15] <newbieman> mark
[10:01:17] <newbieman> today
[10:01:20] <newbieman> and again
[10:01:21] <@wrbtrader> thanks
[10:01:34] <@wrbtrader> Its very simple info for a WRB
[10:01:43] <newbieman> i will read again
[10:01:49] <@wrbtrader> I think its explained on page 8 or 9
[10:02:23] <newbieman> i will read it again
[10:02:26] <canaandog> newbieman, also try reading some of the DOKs-- they can be helpful because in people's own words
[10:02:28] <newbieman> i will ask tomrrow
[10:02:42] <@wrbtrader> many chart examples on pages 10 - 15
[10:03:08] <@wrbtrader> Rule of thumb...
[10:03:27] <@wrbtrader> If you don't understand WRB or WRB Hidden GAP in tutorial chapter 1...
[10:03:37] <@wrbtrader> Don't bother reading tutorial chapters 2 and 3 :)
[10:03:49] <Donnin_> its gets worst
[10:03:54] <Donnin_> :>
[10:04:03] <newbieman> very funny
[10:04:20] <Donnin_> no actually the chapters take time
[10:04:20] <@wrbtrader> Long Emini TF @ 902.00 -> large size
[10:04:46] <@wrbtrader> 6 contracts
[10:04:53] <Donnin_> to understand the criteria
[10:05:56] <@wrbtrader> Long Emini TF @ 901.80 -> Add
[10:06:03] <@wrbtrader> 3 contracts
[10:06:48] <TigermanTrader> Long IWM @ 89.72
[10:10:59] <@wrbtrader> 901.10 is the S area of the most recent WRB Hidden GAP on the 2min chart
[10:11:10] <@wrbtrader> meant R area (not S area)
[10:11:41] <TigermanTrader> exit IWM @ 89.67
[10:11:55] <TigermanTrader> -0.05
[10:12:00] <@wrbtrader> Exited all Emini TF Long @ 901.00 --> - 1.8
[10:12:11] <TigermanTrader> give more room not worked :(
[10:12:18] <@wrbtrader> S area @ 900.40
[10:12:37] <@wrbtrader> that was my original stop loss
[10:13:29] <canaandog> interesting: that's not a wrb for me from either of my data vendors
[10:13:43] <MattR_> me neither
[10:13:56] <@wrbtrader> It's a WRB Hidden GAP for me
[10:14:09] <MattR_> TFH3 on 2min, right?
[10:14:22] <@wrbtrader> Yes...2min
[10:14:33] <MattR_> weird. *shrug*
[10:15:17] <@wrbtrader> prior to that I have 0934am - 0936am est as a WRB Hidden GAP
[10:15:35] <MattR_> I have that one
[10:15:41] <newbieman> mark
[10:15:48] <canaandog> me too, both vendors
[10:15:48] <newbieman> what timeframe you look at hidden gaps
[10:15:58] <@wrbtrader> That one is too far for me as a stop loss protection
[10:16:14] <TigermanTrader> take care the interval with the R ans S is the 9:50 am in 2 min
[10:16:27] <TigermanTrader> TF trade
[10:16:41] <TigermanTrader> that was a clear WRB HG in my charts
[10:16:54] <canaandog> ib or tos?
[10:16:59] <TigermanTrader> now price testing his support
[10:17:16] <TigermanTrader> ToS right now
[10:17:22] <@wrbtrader> newbieman...my time frames are specifically discussed in that link I gave you yesterday @ http://www.thestrategylab.com/tsl/forum ... 199&t=1715
[10:17:39] <canaandog> more interesting: in my tos it is not
[10:17:54] <newbieman> ty mark
[10:17:57] <newbieman> very much
[10:18:00] <newbieman> please forgive me
[10:18:01] <TigermanTrader> canaandog and others what kkind of mouse do you use or counsel ?
[10:18:14] <TigermanTrader> I mean my elbow is suffering
[10:18:26] <TigermanTrader> hand too
[10:18:32] <TigermanTrader> I need an ergonomic one
[10:18:35] <MattR_> I have both a Magic Trackpad and a standard optical mouse.
[10:18:43] <TigermanTrader> I think about a logitech
[10:18:49] <canaandog> could be other ergos are poor: angle of arm to desk, etc
[10:19:11] <canaandog> I'm using a MS Mobile Mouse 4000 and like it
[10:19:12] <TigermanTrader> I think my mouse is too small
[10:19:35] <canaandog> but a mouse/pad/trackpoint is very personal
[10:19:39] <MattR_> The speed setting might be forcing you to move your hand too much or too little.
[10:19:47] <Trendtrader> Logitech Performance MX here
[10:19:50] <MattR_> Sounds like an ergonomic issue.
[10:19:56] <TigermanTrader> so hand are not well on top of it
[10:20:09] <TigermanTrader> <Trendtrader> Logitech Performance MX here
[10:20:26] <TigermanTrader> yes I think about it
[10:20:39] <TigermanTrader> or a logitech 705
[10:21:15] <TigermanTrader> seems the same only no charging capability and no works on glass surface
[10:21:16] <canaandog> it's also a common problem to have kbd/mouse surface too high
[10:21:25] <newbiman1> test
[10:21:31] <newbiman1> can you see me guys?
[10:21:38] <MattR_> newbiman1, yes
[10:21:48] <newbiman1> ok ty
[10:22:09] <TigermanTrader> <canaandog> it's also a common problem to have kbd/mouse surface too high
[10:22:17] <Trendtrader> I've had it for about a year now, no complaints. holds it's charge well, fits the hand well, doesn't skip or missfire - all important for me in my trading.
[10:22:23] <TigermanTrader> yep I have to check the angle
[10:23:07] <TigermanTrader> trendtrader do you remember how much does it cost ?
[10:23:23] <TigermanTrader> just to compare life cost
[10:24:06] <TigermanTrader> anyway thanks everybody x tips
[10:24:23] <Trendtrader> I remember it was about $80CAD, which I thought was a bit pricey, but I'm happy with it.
[10:24:33] <TigermanTrader> now writing in chat with small keyboard is abother issue :)
[10:24:45] <TigermanTrader> I have to fix that too :)
[10:24:56] <Trendtrader> I think I got it at either Best Buy or Future Shop
[10:25:09] <TigermanTrader> ok thanks trend
[10:25:45] <Trendtrader> you're welcome
[10:27:40] <@wrbtrader> S&P 500 tops 1,500 for the first time since 2007 (MarketWatch) @ http://www.marketwatch.com/story/sp-500 ... atest_news
[10:27:48] <TigermanTrader> gas news in minutes
[10:28:45] * RacerX is now known as Racer_X
[10:34:33] <Trendtrader> Shorts Emini TF @ 900.6 «« testing script »»
[10:34:51] <canaandog> hey, it worked
[10:35:16] <Trendtrader> Covered 3/4 Emini TF Short @ 900.4 --> + 0.2 «« testing script »»
[10:35:34] <Trendtrader> Covered Remainder Emini TF Short @ 900.5 --> + 0.1 «« testing script »»
[10:35:36] <TigermanTrader> yeah it works
[10:35:55] <canaandog> first I've seen new script post from someone other than wrbtrader
[10:36:17] <@wrbtrader> Yeah...you were just using the old script that doesn't work on Freenode
[10:36:36] <@wrbtrader> The new script (posted at the forums two days ago) works on Freenode
[10:38:04] <Trendtrader> yes, had to reload the new one from the forum.
[10:38:24] <TigermanTrader> <Trading Script Verson 3.9 Freenode
[10:38:24] <TigermanTrader> ;
[10:38:24] <TigermanTrader> ; For use in the Freenode IRC Network Chatroom: ##TheStrategyLab
[10:38:24] <TigermanTrader> ;
[10:38:46] <TigermanTrader> I have that version wrbtrader
[10:38:53] <@wrbtrader> That's the one
[10:39:15] <TigermanTrader> just paste it from the script installed
[10:39:42] <TigermanTrader> di you see my post?
[10:39:51] <Zr1trader> Exit all NG 3.512
[10:39:58] <canaandog> tradepost? no
[10:40:04] <TigermanTrader> my trade with script ?
[10:40:06] <@wrbtrader> Yes...I saw your trade post
[10:40:13] <TigermanTrader> so not working on my side
[10:40:13] <Zr1trader> 1 contract +.58
[10:40:43] <@wrbtrader> [10:35:16] <Trendtrader> Covered 3/4 Emini TF Short @ 900.4 --> + 0.2 «« testing script »»
[10:40:43] <@wrbtrader> [10:35:34] <Trendtrader> Covered Remainder Emini TF Short @ 900.5 --> + 0.1 «« testing script »»
[10:40:43] <@wrbtrader> [10:35:36] <TigermanTrader> yeah it works
[10:41:06] <@wrbtrader> That's what I saw you post
[10:41:06] <canaandog> but Tiger's posts not showing up
[10:41:23] <canaandog> those posts were Trend's
[10:41:26] <TigermanTrader> yeah trendtrader works my not
[10:41:40] <@wrbtrader> Tigerman still using the old script
[10:41:44] <TigermanTrader> hummm... maybe depends from server ?
[10:41:48] <@wrbtrader> It does not work in here
[10:42:09] <canaandog> [08:38] <TigermanTrader> <Trading Script Verson 3.9 Freenode
[10:42:24] <TigermanTrader> wrbtrader but you told me it is ok before !!!
[10:42:32] <TigermanTrader> or we going mad :) :)
[10:42:57] <@wrbtrader> Tigerman...you probabily installed it incorrectly
[10:42:57] <TigermanTrader> #TheStrategyLab No such nick/channel
[10:43:29] <@wrbtrader> If you see #TheStrategyLab...you don't have the correct script or its installed ON TOP of the old script
[10:43:45] <@wrbtrader> There's NO #Thestrateglab in the new script
[10:43:49] <@wrbtrader> Only the old script
[10:44:08] <TigermanTrader> yeh that the funny
[10:44:17] <@wrbtrader> Biggest mistake some users make is that they "install" the new script ON TOP of the old script.
[10:44:33] <@wrbtrader> You must first REMOVE the old script and then install the new script
[10:44:45] <@wrbtrader> then click SAVE
[10:44:57] <TigermanTrader> in the script I use is written ##thestrategylab
[10:45:19] <TigermanTrader> but something was bad when I installed
[10:45:31] <@wrbtrader> REMOVE all scripts so that you see NOTHING inside the script editor
[10:45:31] <TigermanTrader> but x sure I unload the old one
[10:45:47] <@wrbtrader> Then install the new script...then click SAVE
[10:45:59] <TigermanTrader> yeah was cleaned
[10:46:25] <TigermanTrader> then put the new one then saved it
[10:46:37] <canaandog> I would do it again - uninstall and reinstall. Trendtrader has proven it works.
[10:46:59] <TigermanTrader> I repeat strange now is written ##thestrategylab
[10:47:08] <canaandog> (for other than the creator) :)
[10:47:12] <TigermanTrader> but anyway better install it again
[10:47:32] <Trendtrader> Tiger, you sent the command 'unload' right? but, then make sure you are on the 'Remote' tab, because when you 'unload' the tab switches to 'variables' by itself and you don't want to paste the new script into that tab.
[10:47:47] <TigermanTrader> sometimes IT are misterious
[10:48:11] <TigermanTrader> yep maybe was that
[10:48:16] <TigermanTrader> thanks trend
[10:48:18] <Trendtrader> once you paste in it the right tab save and then quit mIRC and re-enter
[10:48:23] <Trendtrader> no prob
[10:51:38] <@wrbtrader> Long Emini TF @ 901.60 -> large size
[10:51:50] <@wrbtrader> 2+2+1+1
[10:52:58] <@wrbtrader> Initial stop loss @ 900.50
[10:53:06] <@wrbtrader> a little big for my taste on this trade
[10:53:09] <@wrbtrader> will tighten soon
[10:56:16] <wave1> this mkt is no mood for S
[10:56:49] <@wrbtrader> Usually 5 good trading days per month...everything else is a battle
[10:57:31] <@wrbtrader> In reference to low volatility market conditions
[10:57:52] <@wrbtrader> When volatility is normal or increasing via the VIX or VXX...
[10:58:13] <@wrbtrader> We'll get on average about 10 good trading days per month and everything else is a battle
[10:59:31] <@wrbtrader> WRB Analysis -> - Your use of this chat room implies you're using concepts from WRB Analysis to help trade either Stocks, Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), Oil Futures (Brent, CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQ, SPY), Forex Currencies (GbpUsd, EurUsd, EurYen, UsdCad) or other key market price actions.
[11:00:35] <@wrbtrader> Long Emini TF @ 901.30 -> Add
[11:00:45] <@wrbtrader> 3 added
[11:01:05] <@wrbtrader> I've been trying this type of scale in for a few months now here and there...
[11:01:08] <Zr1trader> CL not much reaction thus far to Inventories thus far. Usually get a bigger initial spike .
[11:01:09] <@wrbtrader> with very little success
[11:01:47] <@wrbtrader> now a very shallow WRB pt1 has appeared :(
[11:02:18] <@wrbtrader> Exited 1/3 Emini TF Long @ 901.80 --> + 0.5
[11:04:38] <@wrbtrader> starting to look like the mid-day trading session has started early today
[11:05:54] <canaandog> not the sort of action in CL I was hoping for
[11:06:44] <newbiman1> exactly how i do this
[11:06:48] <newbiman1> 5 trades a month
[11:06:50] <newbiman1> and done
[11:08:56] <Zr1trader> Short NQ 27.37---- 2 contracts
[11:09:20] <Zr1trader> 2737.25***
[11:12:08] <@wrbtrader> newbiman1...you do 5 trades per month ???
[11:12:27] <@wrbtrader> or you want to only do 5 trades per month ???
[11:12:39] <newbiman1> sometimes i make 3 traeds a month
[11:12:44] <newbiman1> sometimes 8
[11:12:51] <newbiman1> average 5
[11:13:04] <newbiman1> not enough?
[11:13:19] <@wrbtrader> don't know
[11:13:28] <@wrbtrader> number of trades per month is specific to the trader
[11:13:40] <@wrbtrader> For some...its not enough...for other...its too much :)
[11:15:36] <@wrbtrader> newbieman1...are you marketmaker from yesterday that I was talking to that was having mobile connection problems to the chat room ???
[11:16:08] <newbiman1> no i am new
[11:16:12] <newbiman1> i found you yestrday
[11:16:26] <@wrbtrader> You two have the EXACT same IP address...that's why I'm asking
[11:16:40] <newbiman1> hmm
[11:16:55] <newbiman1> i am from miami
[11:16:58] <@wrbtrader> He too only made a few trades per month (something he said many months ago)
[11:17:00] <newbiman1> capital of fraud
[11:17:04] <@wrbtrader> He too is from the Miami area
[11:17:05] <newbiman1> in USA
[11:18:00] <newbiman1> i found you on thrue website by accident yestrday
[11:18:09] <@wrbtrader> How by accident ?
[11:18:29] <newbiman1> forum
[11:18:32] <newbiman1> on internet
[11:18:37] <@wrbtrader> Ok
[11:22:09] <Zr1trader> EUR/USD reached 3rd wrb target on a daily timeframe long from jan 7th. Long will exit all at close of eur session.
[11:22:37] <newbieman> pc crushed again
[11:22:48] <Zr1trader> AUD/JPY long from jan 16 on 12 hour chart reached wrb 2 , waiting for wrb 3 to exit all
[11:23:06] <wave1> vn Z on eur
[11:23:20] <wave1> 34 area may be R temprorily
[11:23:39] <Zr1trader> thanks
[11:28:36] <Zr1trader> Exit all NQ 2742.25 - 5 pts
[11:35:39] <@wrbtrader> WRB Analysis -> - 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
[11:37:10] <@wrbtrader> Exited 1/3 Emini TF Long @ 902.70 --> + 1.1
[11:37:19] <@wrbtrader> WRB pt2 reached
[11:42:07] <wave1> vn N
[11:42:14] <kadt> hi all
[11:42:22] <@wrbtrader> Price action very slow...
[11:42:29] <@wrbtrader> need patience of a snail :(
[11:42:49] <wave1> y
[11:46:07] <@wrbtrader> WRB Hidden GAP @ 1126am - 1128am est has S area @ 901.80
[11:46:13] <@wrbtrader> for Emini TF futures
[11:46:52] <@wrbtrader> WRB Hidden GAP @ 0930am - 0933am est has R area @ 900.50
[11:47:04] <@wrbtrader> for Emini TF futures
[11:48:08] <@wrbtrader> 5min chart of Emini ES futures WRB Hidden GAP @ 0930am - 0935am est has R area @ 1490.50
[11:49:25] <TigermanTrader> wrbtrader maybe do you mean 9:40 9:45 for previous TF wrb hg
[11:49:50] <TigermanTrader> that one have a resistance @ 909.5
[11:50:29] <@wrbtrader> No...I have not looked at the WRB HG on TF 5min chart
[11:50:58] <@wrbtrader> actually...that prior post is a correction
[11:51:04] <@wrbtrader> its the 15min chart
[11:51:20] <@wrbtrader> 0930am - 0945am est
[11:51:37] <TigermanTrader> ah ok
[11:51:43] <@wrbtrader> R area @ 900.50
[11:51:44] <TigermanTrader> also 15min indeed
[11:52:28] <@wrbtrader> Emini TF futures is stabilized unless it drops below that R area on the 15min chart
[11:52:29] <TigermanTrader> yes same for the 5 min frame
[11:52:51] <TigermanTrader> of course 9:40 9:45
[11:53:25] <TigermanTrader> thanks again to alert everyone to look at more chart intervals
[11:54:05] <TigermanTrader> I know you have some chart set in 15min and others in 2 min x example
[11:54:16] <TigermanTrader> from what I remember
[11:54:40] <@wrbtrader> Exited Remainder Emini TF Long @ 901.80 --> + 0.2
[11:54:47] <TigermanTrader> in contrast I tend to have ALL charts in similar frame
[11:55:10] <TigermanTrader> so all tf in 2-3-5 and so on
[11:55:41] <TigermanTrader> all rut in 2-3-5 and on
[11:56:09] <TigermanTrader> you know you merge the intervals but I still no realize how you do it :(
[11:56:37] <@wrbtrader> I only merge intervals when I'm on my Laptop and mobile
[11:56:51] <@wrbtrader> When I'm on my desktop with multiple monitors...
[11:57:09] <@wrbtrader> There's no need for me to merge intervals because I have all my charts up
[11:57:10] <TigermanTrader> simply if I have rut only in 15 frame I cant see signals on 3 min
[11:57:24] <Zr1trader> Mark do you own/lease exchange membership ? Do you believe it to be a bad idea to trade 2-3 min intervals without membership rates?
[11:57:25] <@wrbtrader> In contrast, I only have one small screen on my laptop
[11:57:51] <@wrbtrader> I don't own/lease a exchange seat
[11:58:06] <@wrbtrader> Would need to double my trade rate to make it worthwhile
[11:58:19] <@wrbtrader> or double my position size
[11:58:31] <@wrbtrader> maybe even triple my size :)
[11:59:24] <TigermanTrader> wrbtrader seems you have very small charts on your monitors
[11:59:45] <TigermanTrader> I mean I have 6 charts on 1 monitor
[11:59:56] <Zr1trader> ok thanks, good to know , I always have tried to trade 5 min plus or have a 20 tick stop range because I feel I churn too many 2 min signals.
[12:00:15] <Zr1trader> Good to know others without membership are profitable on those timeframes :)
[12:00:40] <TigermanTrader> so tot 12 charts at the same time with 2 monitors
[12:00:43] <TigermanTrader> 27 "
[12:01:23] <TigermanTrader> others 12 charts minimized
[12:01:45] <TigermanTrader> so when I ll upgrade to 4 monitors totals
[12:01:53] <TigermanTrader> I ll have 24 charts
[12:02:03] <Zr1trader> You guys in here seem to have the art of BE+1 or cutting trades early down pretty well. That's something I have struggled with.
[12:02:45] <@wrbtrader> Zr1trader...I use the VIX and VXX a lot to help with managing my stops
[12:03:01] <@wrbtrader> If the overall volatility is low or in a tight trading range...
[12:03:10] <@wrbtrader> I try very hard not to get big losses
[12:03:22] <@wrbtrader> Thus, I cut losing trades fast and keep the loss small
[12:03:32] <TigermanTrader> still is merely ok for ONLY one time frame,so I do not know how you can see so many charts wrbtrader,maybe I miss something before go out and buy 10 monitors :)
[12:03:44] <@wrbtrader> Low volatility produce LESS trade opportunities and LESS runners (big profits)
[12:03:59] <@wrbtrader> Thus, very tough to bounce back from a big loss in low volatility trading conditions
[12:04:35] <Zr1trader> Makes sense, thanks mark
[12:07:11] <TigermanTrader> [17:57:06] <@wrbtrader> When I'm on my desktop with multiple monitors...
[12:07:11] <TigermanTrader> [17:57:25] <@wrbtrader> There's no need for me to merge intervals because I have all my charts up
[12:07:43] <Zr1trader> Tigerman, I have 4 monitors total, It gets the job done....watch 6 markets with 3 min , 5min, 10min, 15 min. and then on a big monitor I watch 32 markets on 1 hour Timeframe.. 4 screens gets it done for me .
[12:07:51] <TigermanTrader> yep but I assume not every instrument with all time frame wrbtrader
[12:09:06] <TigermanTrader> otherwise 4 monitors is not enought
[12:11:13] <TigermanTrader> zr1trader, the big monitor how many inch is it ?
[12:11:27] <TigermanTrader> 32 seems a lot at the same time
[12:11:47] <TigermanTrader> 32 charts
[12:12:11] <TigermanTrader> maybe you see only the trend in 1 hour frame
[12:12:35] <Zr1trader> 37 inches, then 4 - 23 inchers. 8 chart windows on each 23 incher. 32 chart windows on 37 incher.
[12:12:35] <TigermanTrader> but I need to see exactly what happen at every bar
[12:13:31] <TigermanTrader> ok thanks zr1
[12:13:46] <TigermanTrader> btw do you have 4 output card?
[12:13:58] <TigermanTrader> do you know the model ?
[12:14:18] <@wrbtrader> WRB Analysis -> - 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
[12:14:29] <Zr1trader> I have 2 ATI 7850. They come with ability to have 6 monitors from each card.
[12:14:32] <TigermanTrader> also I prefer to have a dedicated monitor for broker book
[12:15:06] <@wrbtrader> I was hoping to see better price action movement in Light Crude Oil CL futures the past 15 minutes...
[12:15:09] <@wrbtrader> didn't happen
[12:15:16] <TigermanTrader> thanks zr1trader, infact I have decide x ati or nvidia
[12:16:25] <@wrbtrader> Forex EURUSD price action inside the range of the WRB Hidden GAP of 1040am - 1042am est
[12:17:10] <Zr1trader> Natty continues getting slammed after report.
[12:17:24] <TigermanTrader> wrbtrader CL was in a creepy up move in 2 min frame before
[12:17:24] <@wrbtrader> Emini TF retesting the R area of the WRB Hidden GAP 15min chart
[12:18:50] <TigermanTrader> wrbtradr did you see my previous question about the multi charts ?
[12:19:17] <@wrbtrader> no
[12:19:24] <TigermanTrader> I repost
[12:19:56] <TigermanTrader> [18:07:26] <TigermanTrader> [17:57:06] <@wrbtrader> When I'm on my desktop with multiple monitors...
[12:19:56] <TigermanTrader> [18:07:26] <TigermanTrader> [17:57:25] <@wrbtrader> There's no need for me to merge intervals because I have all my charts up
[12:20:11] <TigermanTrader> that was YOUR answer
[12:20:18] <TigermanTrader> and my question :
[12:20:20] <@wrbtrader> Ok
[12:20:42] <TigermanTrader> [18:08:07] <TigermanTrader> yep but I assume not every instrument with all time frame wrbtrader
[12:20:42] <TigermanTrader> [18:09:21] <TigermanTrader> otherwise 4 monitors is not enought
[12:20:53] <TigermanTrader> abose is my question
[12:20:56] <@wrbtrader> 4 Monitors is plenty
[12:20:59] <TigermanTrader> above
[12:21:11] <@wrbtrader> 3 monitors is enough
[12:21:20] <@wrbtrader> If you can handle more...go for it :)
[12:22:02] <Zr1trader> I know a guy who trades with 10 monitors and sunglasses :)
[12:23:05] <@wrbtrader> I'm looking for something to allow me to use my monitors OUTSIDE on a bright sunny day without shade covering
[12:23:25] <@wrbtrader> I've tried different stuff to "layover" the screen...still difficult to see.
[12:23:33] <@wrbtrader> Maybe I should try sunglasses :)
[12:23:37] <TigermanTrader> yep but also if 4 is full is not enought if you wanna have ALL markets in 4 timeframe x example
[12:24:07] <TigermanTrader> I mean TF in 2-3-5-15 min
[12:24:21] <TigermanTrader> then CL in 2-3-5-15 minutes
[12:24:47] <newbieman> i just need 1 dome
[12:24:59] <TigermanTrader> unless you wanna use small charts and have 20 charts in one monitor
[12:24:59] <newbieman> and 1 chart
[12:25:31] <TigermanTrader> maybe I miss something wrbtrader
[12:26:17] <@wrbtrader> Global stocks higher, safe-haven U.S. debt slides (Reuters) @ http://www.reuters.com/article/2013/01/ ... 1C20130124
[12:26:47] <@wrbtrader> Tigerman, I don't know what you're missing
[12:26:58] <@wrbtrader> not even sure whast you're trying to do
[12:27:47] <@wrbtrader> If you're trying to "squeeze" more charts onto a single monitor...
[12:27:53] <@wrbtrader> YOu have two choices only...
[12:28:01] <@wrbtrader> 1) Get a bigger monitor
[12:28:08] <@wrbtrader> 2) Make your charts smaller
[12:28:12] <@wrbtrader> easy solution
[12:28:14] <TigermanTrader> my point is that is not possible have many chart with many instruments with many time frame with only few monitors
[12:28:32] <TigermanTrader> yeah a 100" :)
[12:28:33] <@wrbtrader> I just gave you the answer :)
[12:28:41] <@wrbtrader> [12:28:01] <@wrbtrader> 1) Get a bigger monitor
[12:28:41] <@wrbtrader> [12:28:08] <@wrbtrader> 2) Make your charts smaller
[12:29:06] <TigermanTrader> yep make the chart smaller is the easy way to go
[12:29:35] <canaandog> bigger => higher resolution, or you haven't really gained anything
[12:30:00] <@wrbtrader> Smaller the charts...you're going to need better memory of the price action on the far left of each chart to prevent too much scrolling
[12:30:03] <TigermanTrader> but unless you are superman it is VERY difficult to see exactly what happen at any bars
[12:30:30] <Zr1trader> a 23 incher can handle 8 charts without a magnify glass , (for me )
[12:30:36] <MattR_> Superman would also turn back time to take missed trades. :-)
[12:30:52] <TigermanTrader> my only way x me is to minimize the frame I use less
[12:31:05] <TigermanTrader> and miss some oportunity
[12:33:04] <TigermanTrader> simply wrbtrader I was guest how you can see many chart at the SAME time with decent size
[12:33:33] <TigermanTrader> anyway any trader is diffrent so is understandable
[12:34:16] <TigermanTrader> also many information is difficult to manage s
[12:34:33] <TigermanTrader> [18:30:46] <Zr1trader> a 23 incher can handle 8 charts without a magnify glass , (for me )
[12:34:49] <TigermanTrader> yeah depend from your style
[12:35:19] <TigermanTrader> me on 27" 6 chart are enough :)
[12:35:53] <TigermanTrader> because I wanna see well every intervals
[12:39:34] <@wrbtrader> Shorts Emini TF @ 898.10 -> medium size
[12:40:03] <@wrbtrader> increasing volatility...gave no decent entries on the way down
[12:40:33] <@wrbtrader> now one shows up but volatility has started to slow a little
[12:40:41] <@wrbtrader> hopefully it regains its strength
[12:41:00] <@wrbtrader> 2+2
[12:48:52] <TigermanTrader> short iwn 89.36
[12:50:42] <TigermanTrader> exit iwm @ 89.33
[12:50:42] <@wrbtrader> running out of time on this trade...need to leave soon for a quick lunch with a friend
[12:51:15] <TigermanTrader> yep same me no have time to wait more
[12:51:30] <TigermanTrader> see later good lunch
[12:56:01] <@wrbtrader> WRB pt1 reached
[12:57:49] <@wrbtrader> WRB pt2 reached
[12:58:07] <newbieman> awesome trade mark
[12:58:10] <newbieman> thank you
[12:59:27] <@wrbtrader> Covered all Emini TF Short @ 896.10 --> + 2
[12:59:37] * wrbtrader is now known as wrbtrader_lunch
[13:30:51] <canaandog> 132746 long GC 1669.3
[13:31:20] <canaandog> 132900 flat GC 1669.5 = +0.2
[13:52:58] <canaandog> would have done better to go short at close... oh well
[13:55:25] <zr1trader> L NG 3.457 1 contract
[14:09:49] <zr1trader> out -.15 3.442
[14:45:16] <@wrbtrader_lunch> Long Emini TF @ 897.00 -> small size
[14:45:25] * wrbtrader_lunch is now known as wrbtrader
[14:45:46] <@wrbtrader> 1 contract
[15:00:23] <@wrbtrader> Exited Emini TF Long @ 896.10 --> - 0.9
[15:11:47] <@wrbtrader> Long Emini TF @ 897.34 -> small size
[15:12:14] <@wrbtrader> Long Emini TF @ 897.40 -> small size
[15:12:23] <@wrbtrader> 1 contract
[15:12:30] <@wrbtrader> re-entry
[15:16:21] <@wrbtrader> Long Emini TF @ 898.10 -> Add
[15:16:28] <@wrbtrader> 2 added
[15:23:05] <@wrbtrader> Exited all Emini TF Long @ 897.40 --> - 0.7
[15:25:57] <@wrbtrader> Long Emini TF @ 897.60 -> small size
[15:26:03] <@wrbtrader> 3 contracts
[15:26:06] <@wrbtrader> re-entry
[15:27:23] <@wrbtrader> same price area but my re-entries are poor
[15:29:29] <@wrbtrader> geesh :(
[15:31:31] <Trendtrader> there you go... pt1
[15:31:53] <@wrbtrader> no
[15:32:01] <@wrbtrader> I'm on the 15 minute chart
[15:32:39] <Trendtrader> oh... usually you are on a 2min.
[15:36:02] <Trendtrader> you'll need a bit more then, >1.3 on the current body
[15:36:53] <Trendtrader> there you go!
[15:37:24] <@wrbtrader> Exited all Emini TF Long @ 899.10 --> + 1.5
[15:38:41] <Trendtrader> v nice exit wrb, that pulled back intrabar pretty quick.
[15:43:31] <@wrbtrader> not really...didn't get a fill @ 899.50
[15:43:59] <@wrbtrader> got the order in just as it tick @ 899.60
[15:44:12] <@wrbtrader> I must have been last in the queu :)
[15:51:31] <@wrbtrader> Hey tonyc...welcome...you made it back in here
[15:51:52] <@wrbtrader> sorry about the BAN in the old room
[15:52:05] <@wrbtrader> I just wanted to force you out of that room and into this room :)
[15:57:50] <@wrbtrader> Long Emini TF @ 897.80 -> large size
[15:57:56] <@wrbtrader> 6 contracts
[15:59:04] <TigermanTrader> long iwm 89.32
[16:01:59] <@wrbtrader> Exited all Emini TF Long @ 898.60 --> + 0.8
[16:02:16] <TigermanTrader> exit iwm @89.37
[16:02:35] <TigermanTrader> +0.05
[16:03:27] <@wrbtrader> That pullback after 1538pm est almost broke the Creeper Up Movement
[16:03:59] <@wrbtrader> Emini TF futures found some support to keep the Creeper Up Movement active around 1557pm est
[16:05:10] <@wrbtrader> I wanted to trade Oil CL futures when I return back from a lunch
[16:05:24] <@wrbtrader> Oil CL futures was dead in the water...volatility dried up
[16:11:11] <newbiman1> mark
[16:11:14] <newbiman1> ty for your posts
[16:11:19] <newbiman1> and explanations
[16:27:55] <TigermanTrader> take care all see tomorrow
[16:48:32] <newbiman1> ok brothers
[16:48:36] <newbiman1> ty all
Session Close: Thurs Jan 24

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

##TheStrategyLab (located on the Freenode IRC network) 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.

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

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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.

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Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body/wide range bar analysis)
Price Action Trading
Image@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader

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