Login    Forum    Search    FAQ



Post new topic Reply to topic Bookmark and Share  [ 1 post ] 
Author Message
 Post subject: February 5th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Feb 05, 2013 7:18 pm 
Offline
Trader / Forum Admin

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 (e.g. Contracting Volatility, WRB, WRB Hidden GAP, WRB Zone) 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:
020513-Key-Price-Action-Markets.png
020513-Key-Price-Action-Markets.png [ 518.61 KiB | Viewed 228 times ]

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

Session Start: Tue Feb 05 08:41:57 2013
Session Ident: ##TheStrategyLab
[08:41:57] * Now talking in ##TheStrategyLab
[08:41:57] * Topic is 'Chat room only for traders using WRB Analysis (WRBs, WRB Hidden GAPs, WRB Zones) for day trading, swing trading or position trading. | WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... 119&t=718'
[08:41:57] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:41:57] -hubbard.freenode.net:##TheStrategyLab- [freenode-info] why register and identify? your IRC nick is how people know you. http://freenode.net/faq.shtml#nicksetup
[08:41:58] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:48:12] <canaandog> gc spike
[09:06:37] <Zr1trader> Good morning traders
[09:15:56] <werner> gm all
[09:18:41] <Trendtrader> gm all
[09:25:42] <MattR_> g'morning all
[09:27:10] <MattyR> GM
[09:29:32] <Trendtrader> Long Emini TF @ 902.4
[09:29:35] <Trendtrader> x4
[09:33:50] <Trendtrader> Exited all Emini TF Long @ 900.7 --> - 1.7
[09:42:56] <@wrbtrader> Emini futures in a tight trading range out of the gate
[09:43:13] <@wrbtrader> Not a single WRB Hidden GAP :(
[09:43:36] <@wrbtrader> except for in Emini NQ futures
[09:44:25] <TigermanTrader> gm all
[09:48:41] <TigermanTrader> still tight range seems people wait the news
[09:49:38] <@wrbtrader> Long Emini TF @ 903.00 -> large size
[09:49:55] <@wrbtrader> 2+2+2
[09:50:16] <@wrbtrader> I'm early on the confirmation
[09:51:04] <TigermanTrader> long iwm 89.83
[09:51:45] <TigermanTrader> exit 89.87 +0.05
[09:53:12] <@wrbtrader> Exited all Emini TF Long @ 903.50 --> + 0.5
[09:53:48] <@wrbtrader> lucky trade because when the interval completed...it wasn't a trade signal.
[09:54:14] <@wrbtrader> One problem of an "early entry" when the price action pattern isn't confirmed
[09:54:46] <@wrbtrader> Emini TF now trying to go into Creeper Up Movement
[09:59:54] <@wrbtrader> Shorts Emini TF @ 902.90 -> large size
[10:00:05] <@wrbtrader> 4+2
[10:00:08] <@wrbtrader> intuition
[10:00:42] <@wrbtrader> there's a WRB Hidden GAP below on the 2min chart
[10:00:56] <@wrbtrader> I want to see if the price action can retest the R area of the WRB HG
[10:01:12] <@wrbtrader> small risk with small reward
[10:01:37] <@wrbtrader> unless volatility suddenly shows up
[10:01:49] <@wrbtrader> so far, volatility has been declining
[10:02:08] <@wrbtrader> R area retested
[10:02:35] <@wrbtrader> Covered all Emini TF Short @ 902.70 --> + 0.2
[10:02:51] <@wrbtrader> EuroFX 6E volatility increasing
[10:03:46] <@wrbtrader> Key markets not insync
[10:06:47] <@wrbtrader> Long Emini TF @ 904.20 -> large size
[10:06:52] <@wrbtrader> 3+3
[10:12:19] <@wrbtrader> overall volatility is still declining with the exception of a few volatility spikes that keeps the price action from being a complete bore
[10:17:28] <TigermanTrader> low volatility seems always this way when not strong news are expected
[10:18:03] <@wrbtrader> same with tomorrow too
[10:18:16] <@wrbtrader> There's no hyped key market events for tomorrow
[10:19:05] <@wrbtrader> Exited all Emini TF Long @ 903.30 --> - 0.9
[10:19:25] <@wrbtrader> Thus, good chance tomorrow will be like today or the best price action will occur long before the regular session open
[10:20:07] <TigermanTrader> yep recently I reserch euro move in early hour
[10:20:57] <@wrbtrader> volatility too low now to push any size :(
[10:21:49] <TigermanTrader> a clue of this low vola can be detected on euro futures like dax
[10:22:11] <TigermanTrader> I mean all day till now not big move in dax
[10:22:28] <Zr1trader> Short NQ 2731.75 ---- 3 contracts
[10:22:33] <@wrbtrader> Shorts Emini TF @ 903.50 -> medium size
[10:22:42] <@wrbtrader> 4 contracts
[10:23:50] <@wrbtrader> Covered all Emini TF Short @ 904.00 --> - 0.5
[10:28:54] <MattR_> GC in creeper down movement
[10:32:04] <Zr1trader> wrb pt 1 reached , shallow thus far
[10:32:48] <@wrbtrader> Emini TF futures in a Creeper Up Movement without any setups :(
[10:32:53] <Zr1trader> exit +1 tick
[10:35:17] <@wrbtrader> Long Emini TF @ 905.20 -> large size
[10:35:35] <@wrbtrader> volatility trying hard to increase again
[10:35:52] <@wrbtrader> 6 contracts
[10:40:36] <@wrbtrader> Exited 1/2 Emini TF Long @ 906.30 --> + 1.1
[10:41:55] <@wrbtrader> Exited all Emini TF Long @ 906.40 --> + 1.2
[10:43:00] <@wrbtrader> Try to catch the big reaction point of yesterday's high price
[10:43:23] <@wrbtrader> 906.50
[10:43:35] <@wrbtrader> it was my profit target
[10:43:37] <canaandog> long EMD 1095.5; flat 1096.7 = +12t
[10:49:49] <@wrbtrader> Emini TF hitting hard that 906.50 level
[10:51:14] <@wrbtrader> Gold GC futures still declining...many down WRB Hidden GAPs
[10:56:37] <TigermanTrader> long eurofx 1.3533 forex
[11:00:37] <Zr1trader> Short TF 906.0 ---2 contracts
[11:06:12] <@wrbtrader> Unusual to see Emini TF futures hammering at a level like this...
[11:06:15] <Zr1trader> wrb 1 reached shallow
[11:06:24] <@wrbtrader> usually its Emini ES futures doing such
[11:07:21] <Zr1trader> exit all -1 tick, was trying to give it a little room if it was going to go
[11:09:05] <Zr1trader> Since I have been implementing moving to BE+1 the past week, I still need to work on handling shallow wrb 1
[11:09:43] <Zr1trader> is there a recomended way of handling a shallow wrb 1 mark somewhere in your material?
[11:09:52] <@wrbtrader> none
[11:10:03] <Zr1trader> ok
[11:10:14] <@wrbtrader> small profit targets that show up during the "mid-day" trading session...
[11:10:26] <@wrbtrader> I take them (exit immediately)
[11:10:37] <Zr1trader> I see
[11:10:42] <@wrbtrader> There is ONE exception...
[11:11:01] <@wrbtrader> If you're up big for the day and you're happy with your profit level...
[11:11:14] <@wrbtrader> Then when you take another trade and a shallow WRB pt1 appears...
[11:11:37] <@wrbtrader> I tend to stay in with a BE stop just to see if that shallow WRB pt1 can turn into a WRB pt2
[11:11:52] <@wrbtrader> Simply, it becomes a greed trade
[11:12:22] <Zr1trader> Ok makes sense.
[11:13:49] <TigermanTrader> exit eurofx long at 1.3563 +30 pip
[11:14:45] <TigermanTrader> funny I was almost forget I entered this trade by distracted because reading about euro and economy
[11:15:07] <TigermanTrader> result in a good target reached lol :)
[11:15:28] <TigermanTrader> simply this kept my impatience at bay
[11:15:55] <TigermanTrader> because I tend to exit too early and not let market move for a decent profit
[11:16:59] <Zr1trader> Im the opposite, I tend to wait too long for profit lol ,
[11:18:03] <Zr1trader> I used to only go for wrb 3 . lately have been going for 2
[11:19:19] <Zr1trader> results have improved going for less, and moving stops to BE+1
[11:19:49] <TigermanTrader> wow for me just a wrb1 it is too much waiting :)
[11:21:07] <canaandog> Zr1, by be+1 do you mean (entry+1) or (entry+2 or similar)
[11:21:27] <Zr1trader> yeah (break even +1 tick)
[11:22:01] <Zr1trader> before I would just leave it until it either stop got hit or wrb 3 showed
[11:22:09] <canaandog> ah
[11:22:44] <canaandog> I tend to move to be (entry+1 for me) too early
[11:23:17] <TigermanTrader> long eurofc at 1.3575
[11:23:38] <TigermanTrader> break previous intraday high
[11:28:45] <TigermanTrader> exit euro fx long at 1.3590 +15 pip
[11:29:20] <@wrbtrader> Euro Zone economy shows signs of recovery (IBT) @ http://www.ibtimes.com/euro-zone-econom ... ry-1062408
[11:32:03] <sylvanlaker> hello
[11:32:23] <@wrbtrader> volatility still declining in key futures
[11:32:37] <@wrbtrader> Gold GC futures trying to stabilize after the big drop
[11:33:04] <@wrbtrader> SPY going nowhere...its stuck in a sideways low volatility tight trading range
[11:43:17] <@wrbtrader> Long Light Crude Oil CL @ 96.77 -> small size
[11:43:48] <@wrbtrader> 2 contracts
[11:50:40] <@wrbtrader> Exited all Light Crude Oil CL Long @ 96.84 --> + 0.07
[11:50:46] <@wrbtrader> WRB pt1 reached
[12:18:30] * MattR_ is now known as MattR_away
[13:17:46] * MattR_away is now known as MattR_
[14:11:07] <werner> nq res here ...lets seee
[15:05:39] <t4npaper> test
[15:05:46] <MattR_> test response
[15:05:55] <t4npaper> thanks
[15:05:59] <MattR_> no problemo
[15:45:19] <TigermanTrader> last minutes
[15:45:46] <TigermanTrader> short iwm 90.23
[15:46:40] <TigermanTrader> volatility not increase in my way :(
[15:51:19] <werner> gn all
[15:52:49] <@wrbtrader> Shorts Emini TF @ 906.20 -> medium size
[15:53:06] <@wrbtrader> 4 contracts
[15:54:30] <@wrbtrader> Covered all Emini TF Short @ 906.10 --> + 0.1
[15:56:10] <TigermanTrader> exit iwm long @ 90.13 +0.1
[15:56:18] <@wrbtrader> Shorts Emini TF @ 906.20 -> medium size
[15:56:25] <@wrbtrader> re-entry
[15:56:29] <@wrbtrader> 4 contracts
[15:57:32] <@wrbtrader> its fighting too hard :(
[15:57:48] <@wrbtrader> Covered all Emini TF Short @ 906.20 --> 0
[16:01:39] <canaandog> eh
[16:01:47] <canaandog> tomorrow
[16:03:11] <@wrbtrader> Shorts Emini TF @ 905.70 -> small size
[16:03:23] <@wrbtrader> 3 contracts
[16:05:09] <@wrbtrader> Amongst the Emini Futures...Emini NQ futures had the best price action today
[16:05:56] <@wrbtrader> Emini ES futures had the next best price action of the Eminis
[16:08:17] <@wrbtrader> Light Crude Oil CL futures was mainly in a tight trading range since the regular session open
[16:08:25] <TigermanTrader> take care all see all tomorrow
[16:08:53] <@wrbtrader> Usually when Emini TF futures price action is crappy...its easy to switch over to the Oil CL futures for trade opportunities
[16:11:08] <@wrbtrader> Covered all Emini TF Short @ 905.50 --> + 0.2
[16:12:08] <@wrbtrader> That's symbolic of the trading day in Emini TF futures...not much happening today :)
[16:28:40] <MattR_> g'night all
[18:18:11] <Donnin_> strange my free study guild updated itself
[18:21:38] <@wrbtrader> Hi Donnin...
[18:21:46] <Donnin_> hi
[18:21:53] <@wrbtrader> what do you mean by the free study guide updated itself ?
[18:22:12] <Donnin_> it has colors and other info that was not there before
[18:22:39] <@wrbtrader> What version do you have via the date ?
[18:23:02] <Donnin_> 102412
[18:23:37] <@wrbtrader> The most recent version is dated 010613 (Jan 6th 2013)
[18:24:22] <@wrbtrader> It has a better explanation of the trade management section involving the WRB and WRB Hidden GAP as a trigger price for stop adjustments
[18:25:10] <Donnin_> i see i thought buy how did the older verson change also
[18:25:51] <@wrbtrader> Not sure about the color issue for you...all the colors, graphs, fonts are the same between your version and the new version
[18:26:18] <Donnin_> yea maybe i didnt notice them it before
[18:26:24] <@wrbtrader> I do know that microsoft has different types of word files that can change things
[18:26:42] <Donnin_> plus i converted it into pdf
[18:26:49] <@wrbtrader> ahhh
[18:26:55] <@wrbtrader> that's it
[18:28:17] <@wrbtrader> Take care all...see all tomorrow
[18:28:24] <Donnin_> ok take care
Session Close: Tue Feb 05 18:28:33 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


Top 
 Profile E-mail  
 
Display posts from previous:  Sort by  
 
Post new topic Reply to topic Bookmark and Share  [ 1 post ] 


Who is online

Users browsing this forum: No registered users and 1 guest

 
 

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr