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 Post subject: February 13th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Feb 13, 2013 11:48 pm 
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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:
021313-Key-Price-Action-Markets.png
021313-Key-Price-Action-Markets.png [ 552.32 KiB | Viewed 235 times ]

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

Session Start: Wed Feb 13 07:21:53 2013
Session Ident: ##TheStrategyLab
[07:21:53] * Now talking in ##TheStrategyLab
[07:21:53] * 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'
[07:21:53] * Set by wrbtrader on Tue Feb 05 08:11:19
[07:21:53] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:13:37] <canaandog> short CL 97.83; flat 97.81 = +2t
[09:14:08] <canaandog> short CL 97.83; flat 97.75 = +8t reentry
[09:16:33] <MattR_> g'morning
[09:27:05] <Trendtrader> good morning all
[09:30:41] <Trendtrader> Shorts Emini TF @ 916.8
[09:30:44] <Trendtrader> x8
[09:37:31] <canaandog> long TF 916.7; flat 916.9 forced exit: distraction
[09:45:08] <wrbtrader> Exited all Emini TF Long @ 917.30 --> + 1.2
[09:45:15] <wrbtrader> :(
[09:45:35] <canaandog> ah, you did hold that overnight
[09:45:49] <wrbtrader> didn't get what I wanted out of that overnight hold into the President Obama State of Union Address
[09:46:36] <Trendtrader> Covered all Emini TF Short @ 916.8 --> 0
[10:01:52] <canaandog> short GC 1646; flat GC 1645.5 = +5t
[10:02:56] <canaandog> order @1646.2
[10:08:23] <wrbtrader> Long Emini TF @ 918.20 -> large size
[10:08:36] <wrbtrader> 6 contracts
[10:10:49] <wrbtrader> WRB pt1 reached
[10:11:05] <wrbtrader> no fill :(
[10:25:45] <wrbtrader> Exited all Emini TF Long @ 920.20 --> + 2
[10:26:53] <TigermanTrader> gm all
[10:27:24] <TigermanTrader> many things to fix this week x me
[10:27:34] <TigermanTrader> not enought time to trade
[10:28:10] <TigermanTrader> I think someone spoiled the nice move in eminis this morning open
[10:28:36] <TigermanTrader> tf/iwm still in creepy up move
[10:32:38] <TigermanTrader> short euro/fx 1.3451 forex
[10:33:40] <TigermanTrader> not sure on this move because we have some resistence to fight
[10:37:51] <canaandog> short CL 97.76; flat 97.75 = +1t
[10:39:03] <canaandog> should have reentered
[10:39:14] <wrbtrader> big volatility spike in Oil CL futures on the EIA report
[10:41:41] <TigermanTrader> exit euro fx long @ 1.3436 + 15 ticks
[10:42:14] <TigermanTrader> opss I mean exit a short position
[10:43:25] <TigermanTrader> china bank holiday
[10:43:44] <TigermanTrader> for the new year
[10:44:10] <wrbtrader> Yeah...I was wondering why the Hang Seng HSI futures still had Friday's close
[10:44:15] <wrbtrader> That's a long holiday
[10:44:58] <TigermanTrader> yeap in asian take the holidays seriously :)
[10:46:54] <TigermanTrader> remaind me long ago when I saw in a asian banks their employers look at tv show during working hours :)
[10:47:05] <TigermanTrader> asia it is another world
[10:48:33] <Zr1trader_> Indexes Nq, TF waking up a bit vol increase on 3 min
[11:24:17] <TigermanTrader> downmove in e-minis
[11:25:42] <TigermanTrader> now we have to look closer to decide for a continuation or support forming
[11:57:18] <TigermanTrader> support try hard to forming
[11:57:28] <TigermanTrader> but we r still in a south move
[11:57:46] <TigermanTrader> now I have to exit see back later..
[14:08:32] <canaandog> short CL 97.16 (order 97.18); flat 97.15 = +1t
[14:09:25] <canaandog> correction: flat 97.16 = 0t
[14:16:41] <canaandog> short 97.01 (o=97.00); flat 96.97 = +4t
[14:18:41] <canaandog> should have reentered (again)
[14:19:08] <t4npaper> cl on the move
[14:19:41] <canaandog> yeah. I was in it, got stopped out, and didn't reenter. :(
[15:25:28] <@wrbtrader> slow price action going into the last 30 minutes of the trading day
[15:40:25] <@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 6E Futures, Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40, BUND), Treasury Futures (ZF, ZN, ZB), Oil Futures (Brent, CL, HO, QM), Gold GC Futures, Natural Gas NG Futures, Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQ, SPY), Forex Currencies (GbpUsd, EurUsd, EurYen, UsdCad) or other key market price actions.
[15:50:19] <TigermanTrader> last 10 minutes in regular close
[15:50:50] <TigermanTrader> price not moving fast right now
[15:52:22] <@wrbtrader> Long Emini TF @ 917.40 -> medium size
[15:52:34] <@wrbtrader> 4 contracts
[15:55:06] <TigermanTrader> long iwm @ 91.22
[15:56:25] <TigermanTrader> price retraced a bit let me in at better price
[15:58:55] <@wrbtrader> Exited all Emini TF Long @ 918.90 --> + 1.5
[16:01:01] <newbieman> mark
[16:01:07] <newbieman> can you please explain this trade
[16:01:15] <newbieman> just quick explanation
[16:01:19] <newbieman> thank you
[16:01:31] <newbieman> i just liketo confirm that i see the same thing
[16:01:53] <@wrbtrader> Its a "market tendency" involving the 4pm rush hour traffic.
[16:02:05] <@wrbtrader> Take the trade in the direction of the volatility IF volatility is there.
[16:02:14] <@wrbtrader> If volatility is NOT there...no trade.
[16:02:25] <TigermanTrader> exit iwm long @ 91.52
[16:02:58] <TigermanTrader> +0.3 tick
[16:04:25] <newbieman> you di dnot asnwer my question mark
[16:04:34] <newbieman> volatility is alwasy on the market
[16:04:47] <@wrbtrader> I did answer...
[16:04:58] <@wrbtrader> If volatility is NOT there...there's no trade.
[16:05:12] <@wrbtrader> If volatility is there...take the trade
[16:05:22] <@wrbtrader> Volatility NOT there = contracting volatility
[16:05:46] <@wrbtrader> Thus, if price action is in "contracting volatility"...no trade.
[16:06:05] <@wrbtrader> If price action is in "expanding volatility"...take the trade in the direction of the expanding volatility.
[16:06:29] <@wrbtrader> This trade involves only the price action leading into the 4pm rush hour traffic
[16:06:46] <@wrbtrader> Simply, its the only time I take this particular trade if volatility is there
[16:07:02] <@wrbtrader> Its a "market tendency".
[16:07:23] <@wrbtrader> Thus, there's only one 4pm est regular session close :)
[16:08:43] <TigermanTrader> also if I m already aware of this tendency (because of you) it is refreshing every time you explain it :)
[16:08:58] <TigermanTrader> thanks
[16:09:16] <TigermanTrader> sorry we do not have multiple close :)
[16:09:59] <TigermanTrader> I have to reserch if this particular tendency works in other markets like euro dax or hsi close
[16:11:57] <@wrbtrader> WRB Analysis -> - Chat room for day traders, swing traders, position traders using concepts from WRB Analysis (Contracting Volatility, WRB, WRB Hidden GAP, WRB Zone, WRB pt levels) to help improve understanding of the price action their trading and/or improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[16:15:10] <newbieman> my system gave same entry
[16:15:21] <newbieman> but what id wanna hear is what triggered your entry
[16:15:27] <newbieman> and when you say volatility
[16:15:30] <newbieman> you mean
[16:15:33] <newbieman> volume
[16:15:35] <newbieman> tape
[16:15:45] <newbieman> or what define volatility in your idea?
[16:16:29] <@wrbtrader> The reason why you don't understand volatility expanding or volatility contraction is that you have NOT read the WRB Analysis free study guide.
[16:16:50] <@wrbtrader> If you read that...you'll know it has NOTHING to do with tape or volume.
[16:20:49] <@wrbtrader> Thus, volatility is clearly defined in the free study guide.
[16:22:53] <@wrbtrader> Take care all and see all tomorrow
[16:23:03] * wrbtrader is now known as wrbtader_away
[16:28:05] <TigermanTrader> Take care all see all tomorrow
Session Close: Wed Feb 13 18:53:42 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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