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 Post subject: January 25th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Jan 25, 2013 9:59 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:
012513-Key-Price-Action-Markets.png
012513-Key-Price-Action-Markets.png [ 531.59 KiB | Viewed 242 times ]

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

Session Start: Fri Jan 25 07:44:25 2013
Session Ident: ##TheStrategyLab
[07:44:26] * Now talking in ##TheStrategyLab
[07:44:26] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:54:02] <newbiman1> gm boys and girls
[09:14:37] <@wrbtrader> Key Market Events Today @ 1000am est
[09:15:01] <@wrbtrader> KMEs via http://www.forexfactory.com/calendar.php
[09:15:33] <canaandog> I've noticed they seem more reliable than econoday
[09:16:54] <@wrbtrader> Yes...usually Forex calendars are more international and reliable except for issues involving schedule key speeches by the FOMC, IMF and ECB
[09:17:32] <@wrbtrader> You have to go to those sites specific (FOMC, IMF and ECB) to know when the schedule key speeches will occur during the trading day.
[09:20:29] <@wrbtrader> Europe on the mend, but eurozone still shaky - Draghi (CNNMoney) @ http://money.cnn.com/2013/01/25/news/ec ... ?iid=s_mpm
[09:22:23] <Trendtrader> gm all
[09:27:19] <@wrbtrader> Forex USDCAD and EURCAD in a nice looking up movement today...continuation from Wednesday.
[09:36:55] <Trendtrader> Shorts Emini TF @ 901.3
[09:36:57] <Trendtrader> x4
[09:38:48] <kadt> gm all
[09:39:04] <@wrbtrader> Shorts Emini TF @ 900.60 -> large size
[09:39:18] <@wrbtrader> 9 total
[09:40:14] <Trendtrader> Covered all Emini TF Short @ 902.1 --> - 0.8
[09:40:19] <TigermanTrader> gm all
[09:40:27] <TigermanTrader> now I test the script
[09:40:36] <Trendtrader> whoops
[09:40:47] <Trendtrader> Covered all Emini TF Short @ 901.2 --> + 0.1
[09:41:09] <MattR_> I was about to ask about your data feed...
[09:41:31] <TigermanTrader> anyone see my trade post?
[09:41:36] <MattR_> nope
[09:41:38] <canaandog> no
[09:41:42] <kadt> wow nq
[09:41:42] <Trendtrader> no
[09:41:47] <@wrbtrader> Covered all Emini TF Short @ 901.20 --> - 0.6
[09:42:20] <TigermanTrader> ok thanks everybody
[09:42:30] <TigermanTrader> I redo LATER
[09:42:44] <TigermanTrader> long IWM @ 89.63
[09:43:15] <@wrbtrader> Shorts Emini TF @ 901.70 -> large size
[09:43:22] <TigermanTrader> I have load the script in remote
[09:43:22] <@wrbtrader> 7+2
[09:43:26] <TigermanTrader> mah..
[09:43:26] <@wrbtrader> re-entry
[09:43:38] <TigermanTrader> maybe is better re do it
[09:44:15] * kadt is now known as werner1
[09:44:51] <Trendtrader> Long Emini TF @ 902
[09:44:52] <Trendtrader> x2
[09:45:41] <TigermanTrader> exit IWM @ 89.73
[09:46:18] <TigermanTrader> +0.1 in IWM long
[09:51:08] <@wrbtrader> Covered all Emini TF Short @ 901.40 --> + 0.3
[09:51:32] <@wrbtrader> price waiting for the Key Market Event (KME) @ 1000am est :(
[09:53:22] <@wrbtrader> range bound price action
[09:59:05] <@wrbtrader> volatility contract and price action is wedging
[10:02:36] <@wrbtrader> Shorts Light Crude Oil CL @ 96.20 -> large size
[10:02:51] <@wrbtrader> 6 contracts
[10:03:50] <Trendtrader> Exited all Emini TF Long @ 900.1 --> - 1.9
[10:05:19] <@wrbtrader> Covered all Light Crude Oil CL Short @ 96.18 --> + 0.02
[10:05:43] <@wrbtrader> everybody stuck in mud
[10:16:31] <@wrbtrader> Long Emini TF @ 901.50 -> large size
[10:16:40] <@wrbtrader> 6 contracts
[10:18:37] <newbiman1> long es 95
[10:19:27] <@wrbtrader> Exited all Emini TF Long @ 901.60 --> + 0.1
[10:19:31] <@wrbtrader> sidelined
[10:19:57] <@wrbtrader> entry was a trade error
[10:20:05] <@wrbtrader> Sidelined after the Houdini Escape
[10:20:22] <@wrbtrader> will just watch for awhile
[10:21:43] <@wrbtrader> I'm not going to touch this until it clears the "low volatility tight trading range"
[10:22:24] <TigermanTrader> I use this low vola to exit chat and reload the script
[10:22:35] <TigermanTrader> if not works
[10:23:12] <@wrbtrader> Tigerman, you still having script problems ???
[10:23:23] <TigermanTrader> yeah
[10:23:32] <@wrbtrader> I thought you finally got it working yesterday
[10:23:47] <TigermanTrader> I suspect depends from server
[10:24:11] <canaandog> seems unlikely
[10:24:14] <db887> hope top of the hour was not the last action of the day.
[10:24:23] <TigermanTrader> yep I done it again
[10:24:31] <TigermanTrader> maybe I miss one thing
[10:24:51] <TigermanTrader> but I change script many times when in othernet
[10:24:57] <@wrbtrader> You have your own personal script or you made some changes to it yourself ???
[10:25:02] <TigermanTrader> in past time
[10:25:41] <TigermanTrader> no sorry I mean that was new edition from wrbtrader in past times
[10:25:53] <TigermanTrader> and anytime it worked
[10:26:06] <@wrbtrader> New Freenode script works for every one else.
[10:26:16] <TigermanTrader> the script is original by wrbtrader
[10:26:25] <@wrbtrader> Yet, you said you have not made any changes to it
[10:26:45] <TigermanTrader> yeah maybe I miss something during install but what??
[10:27:08] <@wrbtrader> Did you uninstall the old script first ?
[10:27:40] <@wrbtrader> What's the entire name of the scrip in your script editor (I need to file name) ???
[10:27:51] <TigermanTrader> yep with the UNLOAD
[10:28:12] <TigermanTrader> Trading Script Verson 3.9 Freenode
[10:28:29] <TigermanTrader> For use in the Freenode IRC Network Chatroom: ##TheStrategyLab
[10:28:41] <TigermanTrader> that above the first 2 rows
[10:28:50] <TigermanTrader> seems the last one version
[10:28:55] <@wrbtrader> That's not what I asked for...
[10:29:00] <@wrbtrader> What's the file name
[10:29:04] <@wrbtrader> ???
[10:29:19] <@wrbtrader> for example...
[10:29:26] <@wrbtrader> XYZ.txt
[10:29:55] <TigermanTrader> the strategylab V3.9freenode.txt
[10:30:01] <@wrbtrader> Emini TF now officially out of that tight trading rande
[10:31:33] <TigermanTrader> script posted in forum for freenode chat
[10:31:39] <@wrbtrader> What section did you upload the script into (Aliases, Popups, Remote, Users or Variables) ???
[10:32:16] <TigermanTrader> remote as told in guide and as counsel by trendtrader yesterday
[10:33:49] <wave1> gm all
[10:33:53] <wave1> late
[10:34:20] <@wrbtrader> Tigerman, you using mIRC software ???
[10:34:54] <TigermanTrader> yes
[10:35:11] <TigermanTrader> not working
[10:35:16] <@wrbtrader> What happens when you post a trade ?
[10:35:30] <@wrbtrader> please don't say "not working"
[10:35:33] <TigermanTrader> -> *#TheStrategyLab* Long iShares IWM @ 700
[10:35:56] <TigermanTrader> that is the exactly what I have on my screen
[10:36:11] <TigermanTrader> in status windows I have:
[10:36:20] <TigermanTrader> #TheStrategyLab No such nick/channel
[10:36:25] <@wrbtrader> Ok...that's the problem
[10:36:42] <@wrbtrader> Script works...you did a custom change in your mIRC program.
[10:36:52] <@wrbtrader> You change it to post in your "status window"
[10:37:08] <TigermanTrader> curious because the script have written ##thestrategylab
[10:37:31] <@wrbtrader> Something is changed in your mIRC program
[10:37:35] <TigermanTrader> but I NEVER changed anything
[10:37:37] <@wrbtrader> What that is, I don't kow
[10:37:39] <@wrbtrader> know
[10:37:44] <TigermanTrader> ah ok
[10:38:17] <TigermanTrader> umh so if I post in my status window should work ?
[10:38:22] <TigermanTrader> I try now
[10:38:24] <@wrbtrader> No
[10:38:43] <@wrbtrader> Do not post in your status window...its impossible to work that way :)
[10:38:48] <@wrbtrader> In contrast...
[10:39:00] <TigermanTrader> ah infact say no nick :)
[10:39:33] <@wrbtrader> You did something in your mIRC so that when you post a trade in ##TheStrategyLab...it attempts to send the message THROUGH your status window
[10:39:52] <@wrbtrader> I can do that too but my trades won't post
[10:40:17] <@wrbtrader> To do that, I need to tell mIRC to send all my script commands AND messages through status
[10:40:43] <canaandog> maybe best solution would be to uninstall mIRC, remove its dir if leftover to ensure data not left behind, and start over with a fresh mIRC install
[10:40:43] <TigermanTrader> ok thanks x help now I have to find what is modified in my mirc
[10:40:56] <@wrbtrader> Shorts Light Crude Oil CL @ 95.77 -> large size
[10:40:58] <TigermanTrader> because I changed ONLY server
[10:41:09] <@wrbtrader> 4+2
[10:41:30] <TigermanTrader> yeah canaandog is what I plan to do if I no sove that
[10:42:21] <TigermanTrader> I also curious to test Trillian
[10:42:36] <TigermanTrader> but I know Trillian not support that script
[10:43:13] <@wrbtrader> You should just post your trades manually (easier)
[10:43:29] <TigermanTrader> In reality I know why now the script doesn t work in my side
[10:43:53] <TigermanTrader> because I like to use FUZE Meeting :) :)
[10:44:11] <@wrbtrader> You posting trade through Fuzemeeting ?
[10:44:31] <TigermanTrader> no is a joke
[10:44:51] <TigermanTrader> simply I m impatient to use FUSE meeting
[10:45:23] <TigermanTrader> it wiil a good thing and a revoltion vs simple chat
[10:45:45] <TigermanTrader> but anyway also this chat is great :)
[10:45:59] <TigermanTrader> and a great tool
[10:46:24] <@wrbtrader> Covered all Light Crude Oil CL Short @ 95.49 --> + 0.28
[10:46:34] <TigermanTrader> have any idea when you will switch on FUZE wrbtrader?
[10:46:42] <@wrbtrader> WRB pt1 reached
[10:46:52] <TigermanTrader> I know it need a lot of work
[10:46:55] <@wrbtrader> no time schedule
[10:47:33] <@wrbtrader> My cellular contract expirs May 2013...I'll make a decision in that month
[10:48:03] <TigermanTrader> ok take your time until that I want improve my trading skill
[10:48:21] <@wrbtrader> Fuzemeeting won't improve your skill...
[10:48:30] <@wrbtrader> I'll only improve your connection to chat :)
[10:48:57] <TigermanTrader> yeah infact I want improve my skill before that and use a decent size
[10:49:14] <wave1> vn N
[10:49:47] <TigermanTrader> I fear people can criticize I not gain enought :)
[10:49:58] <TigermanTrader> it is joke again
[10:50:28] <TigermanTrader> but in reality see how others trader move around trading dome can be interesting
[10:50:30] <@wrbtrader> wave1...when the markets did a breakout of the low volatility tight trading range...
[10:50:36] <@wrbtrader> Trading becomes easier
[10:50:53] <@wrbtrader> That low volatility tight trading range was a tough place to trade.
[10:51:40] <wave1> cl fell hard tho..
[10:51:52] <wave1> charts still not up for me yet
[10:52:09] <wave1> y low volt is killer
[10:52:14] <TigermanTrader> yeah right wrbtrader a break of that 900 level in TF started the downward move
[10:52:36] <TigermanTrader> with a clear spike
[10:53:59] <@wrbtrader> Shorts Emini TF @ 898.30 -> small size
[10:54:11] <@wrbtrader> 2 contracts
[11:02:43] <@wrbtrader> Covered all Emini TF Short @ 899.30 --> - 1
[11:03:25] <@wrbtrader> retesting S area of WRB Hidden GAP in RUT
[11:04:27] <@wrbtrader> retesting S area of WRB Hidden GAP @ 1024am est Emini TF futures
[11:06:52] <@wrbtrader> Long Emini TF @ 900.60 -> medium size
[11:06:59] <@wrbtrader> 2+2
[11:18:18] <@wrbtrader> Exited all Emini TF Long @ 900.60 --> 0
[11:26:00] * wrbtrader is now known as wrbtrader_lunch
[13:09:02] <wave1> L side on ES worked well
[13:41:53] <Donnin_> why are some days range and other chop?
[13:41:54] <Donnin_> j
[13:42:51] <Donnin_> anyone have a good way to guage range days from chop days
[13:43:21] <MattR_> VIX?
[13:43:53] <Donnin_> possible
[13:44:23] * wrbtrader_lunch is now known as wrbtrader
[13:44:24] <wave1> s es 97.5
[13:44:43] <@wrbtrader> [13:41:53] <Donnin_> why are some days range and other chop?
[13:45:21] <@wrbtrader> It's very simple...when there's a strong interest by traders and investors to be involved in the markets...
[13:45:25] <@wrbtrader> We get trend days.
[13:45:37] <Donnin_> i agree
[13:46:00] <Donnin_> days like today make me smile
[13:46:06] <@wrbtrader> One good way to determine if its a range day or chop day...
[13:46:11] <@wrbtrader> WRB Hidden GAPs
[13:46:46] <Donnin_> how freq and large id imagin
[13:46:50] <@wrbtrader> Choppy price action lack WRB Hidden GAPs and/or the WRB Hidden GAPs are quickly retraced within a few intervals
[13:47:55] <@wrbtrader> Range days obviously bounce up and down between price levels...often developing into clear support / resistance areas
[13:47:56] <Donnin_> ywah
[13:48:55] <@wrbtrader> In addition, when the VIX or VXX is low and range bound...
[13:49:09] <@wrbtrader> Most key markets like Emini Futures will be the same
[13:49:48] <@wrbtrader> In fact, some pro traders won't touch the Eminis unless the VIX is trending (up or down)
[13:50:26] <Donnin_> one rule i heard is that the qmi has to be at least 4 sticks
[13:50:54] <Donnin_> in pre market
[13:51:27] <Donnin_> 4 sticks in range i mean
[13:56:53] <Donnin_> 4 points in range
[13:58:27] <Donnin_> from 830am to 930am time frame
[14:03:07] <wave1> out b/e es
[14:03:19] <wave1> too strong this push
[15:02:11] <TigermanTrader> take care all have a safe weekend see next week
[15:52:48] <MattR_> g'night all
Session Close: Fri Jan 25 18:24:05 2013

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

##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.

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
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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