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 Post subject: February 20th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Feb 21, 2013 6:23 am 
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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 (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:
022013-Key-Price-Action-Markets.png
022013-Key-Price-Action-Markets.png [ 509.89 KiB | Viewed 165 times ]

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

Session Start: Wed Feb 20 07:29:01 2013
Session Ident: ##TheStrategyLab
[07:29:01] * Now talking in ##TheStrategyLab
[07:29:01] * 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'
[07:29:01] * Set by wrbtrader on Tue Feb 05 08:11:19
[07:29:01] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:19:41] <wave1> gm all
[08:48:21] <Zr1trader___> Long CL 96.97 1 contract
[09:06:11] <Bambam-77> cl new hod pos
[09:11:19] <wave1> looks like vn guys
[09:19:20] <wave1> oil is killing us $4/gal now
[09:24:54] <Zr1trader___> CL pt1 reached
[09:25:14] <Zr1trader___> Exit all 97.31 +34 ticks
[09:30:12] <Trendtrader> gm all
[09:30:32] <wave1> vn Z
[09:30:35] <Trendtrader> Long Emini TF @ 931.5
[09:30:36] <Trendtrader> x4
[09:30:49] <wave1> gm tt
[09:41:31] <@wrbtrader> Shorts Emini TF @ 929.90 -> large size
[09:41:44] <@wrbtrader> oouch :(
[09:42:37] <@wrbtrader> Covered all Emini TF Short @ 929.80 --> + 0.1
[09:42:46] <@wrbtrader> Houdini Escape
[09:42:52] <@wrbtrader> 9 contracts
[09:43:04] <@wrbtrader> sideline...got some platform problems
[09:49:14] <wave1> S tf 30.2
[09:51:53] <Trendtrader> gm wave1
[09:53:07] <wave1> out 29.6
[09:53:16] <wave1> gm
[09:54:21] <@wrbtrader> Shorts Emini TF @ 929.30 -> large size
[09:54:32] <@wrbtrader> 6 contracts
[09:54:58] <@wrbtrader> Shorts Emini TF @ 929.30 -> Add
[09:55:06] <@wrbtrader> 3 added
[09:56:08] <Trendtrader> Exited all Emini TF Long @ 928.9 --> - 2.6
[10:07:16] <p2> i am short oil from 97.22 and long ES from 1526.25
[10:07:31] <p2> alomost have to add long TF
[10:08:16] <p2> if 5min bar closes above 929.2
[10:08:47] <p2> will not happen this 5min bar
[10:10:47] <@wrbtrader> Covered 2/3 Emini TF Short @ 928.30 --> + 1
[10:10:55] <@wrbtrader> WRB pt1 reached
[10:11:22] <wave1> vn
[10:13:15] <@wrbtrader> Covered Remainder Emini TF Short @ 929.00 --> + 0.3
[10:15:23] <@wrbtrader> Shorts Light Crude Oil CL @ 96.55 -> medium size
[10:15:35] <@wrbtrader> 4 contracts
[10:15:53] <@wrbtrader> intuition
[10:16:16] <@wrbtrader> Covered all Light Crude Oil CL Short @ 96.53 --> + 0.02
[10:16:59] <@wrbtrader> early exit...just lost my data before 0930am est
[10:17:10] <@wrbtrader> more data problems
[10:17:14] <@wrbtrader> sidelined again
[10:23:12] <canaandog> long EMD 1120.1
[10:23:54] <canaandog> flat 1120.2 = +1t
[10:24:18] <canaandog> correction: flat 1120.1 = 0t
[10:34:17] <@wrbtrader> Shorts Emini TF @ 928.30 -> large size
[10:34:25] <@wrbtrader> 4+2
[10:34:49] <@wrbtrader> nice snap back against me :(
[10:35:16] <canaandog> gotta admire 'em, sometimes
[10:35:19] <@wrbtrader> Covered all Emini TF Short @ 929.00 --> - 0.7
[10:36:43] <canaandog> maybe it will do this until 1400 :)
[10:36:44] <@wrbtrader> Shorts Emini TF @ 929.10 -> large size
[10:37:05] <@wrbtrader> re-entry
[10:38:00] <@wrbtrader> trickle back down after the snap back...setting up for chop :(
[10:42:18] <@wrbtrader> support trying hard to develop
[10:42:27] <Zr1trader___> Mark do you mind if I ask which data feed you were using that went down out of curiosity?
[10:42:43] <p2> i covered my CL at 96.48 but I am long ES, NQ and TF now
[10:43:19] <p2> TF is close to my stop already ...
[10:43:44] <p2> long TF from 923.3
[10:44:19] <p2> long ES from 1526.25
[10:44:25] <@wrbtrader> QCharts, TOS, eSignal, Velocity and RJO...
[10:44:33] <@wrbtrader> They all went down on my other computer
[10:44:33] <p2> long NQ from 2778.25
[10:44:39] <@wrbtrader> Emini TF back inside that price area of the recent snap back.
[10:46:35] <@wrbtrader> I had a little trouble getting the computer booted up this morning...not sure if there's a connection between the two problems.
[10:46:55] <@wrbtrader> Everything on it seems to be working ok right now.
[10:46:59] <Zr1trader___> Oh ok, Thx. I'm using, AMP cgq, TOS, OAnda, IB, so I'll report here as well if data gets screwy and I believe it is their end , not my comp.
[10:47:11] <Zr1trader___> thats good
[10:47:30] <@wrbtrader> switched QCharts and Velocity to my backup just in case it happens again.
[10:47:59] <p2> oil dropping further
[10:49:00] <Zr1trader___> GC, CL putting in wrb HG's on downside thus far today
[10:49:14] <@wrbtrader> WRB pt1 reached but I'm still waiting to see if it'll attempt a WRB pt2 level
[10:50:03] <p2> sold TF
[10:50:07] <@wrbtrader> key markets insyc on their volitility spikes
[10:50:08] <p2> short EMD
[10:50:13] <p2> short CL
[10:50:37] <p2> still long NQ and lonfg ES
[10:50:45] <@wrbtrader> Emini TF intervals contracting now....
[10:51:00] <@wrbtrader> If its going to spike upwards or downwards...now is a good time for such
[10:51:08] <@wrbtrader> tightening trail stop
[10:59:41] <@wrbtrader> more down pressure in Light Crude Oil CL futures in that Directional Creeper Down Movement that's still active
[10:59:55] <@wrbtrader> volatility spike
[11:00:15] <@wrbtrader> Forex EurUsd testing a recent base too
[11:00:25] <@wrbtrader> WRB pt2 reached (shallow in comparison to the WRB pt1 @ 927.90)
[11:00:32] <@wrbtrader> in Emini TF futures
[11:01:01] <@wrbtrader> WRB pt3 reached (shallow too)
[11:01:55] <@wrbtrader> Covered all Emini TF Short @ 926.90 --> + 2.2
[11:02:18] <@wrbtrader> Big spike down in Oil CL futures
[11:02:47] <@wrbtrader> biggest WRB Hidden GAP for the day if the current interval doesn't retrace
[11:02:54] <Zr1trader___> Short 6e 1.3372 1 contract
[11:03:18] <@wrbtrader> looks like someone pulled the plug on Oil CL futures and Heating Oil HO futures
[11:03:44] <@wrbtrader> volatility spike now in Forex EurUsd, EuroFX 6E futures
[11:03:46] <canaandog> yeah-- 2+ pt drop today
[11:04:12] <@wrbtrader> looks like key markets got insync again...even Eurex DAX joined in.
[11:06:02] <@wrbtrader> Shorts Light Crude Oil CL @ 95.01 -> medium size
[11:06:13] <@wrbtrader> 4 contracts
[11:06:30] <@wrbtrader> taking a big chance on Oil CL futures after the prior data problems
[11:07:12] <@wrbtrader> WRB pt1 reached
[11:07:40] <@wrbtrader> Covered all Light Crude Oil CL Short @ 94.35 --> + 0.66
[11:08:20] <@wrbtrader> Hindsight easy now...should'uv concentrated on Oil futures today :)
[11:08:20] <Bambam-77> what a ride on oil
[11:08:22] <Zr1trader___> Nice, oil finally waking up
[11:08:26] <Zr1trader___> on the daily
[11:08:55] <Zr1trader___> oops sry
[11:11:19] <Zr1trader___> 44k contracts in the last 10 min :)
[11:11:24] <Zr1trader___> in oil
[11:12:25] <@wrbtrader> Not sure what's going on with Oil CL futures but that's a big price drop its been doing since the 0939am est volatility spike downwards
[11:12:44] <Zr1trader___> 6E vol spike
[11:13:04] <Zr1trader___> wrb1 reached,
[11:13:06] <@wrbtrader> maybe I'll boot up my real-time news to see what's going on in the markets with all this "increasing volatility"
[11:13:12] <Zr1trader___> exit all 1.3351
[11:14:28] <Zr1trader___> +19tick
[11:15:10] <Zr1trader___> +21 tick actually**** math off
[11:19:05] <Zr1trader___> I think the henchmen playing around before FOMC , Usually it's choppy before FOMC in my observations from the recent past.
[11:31:34] <wave1> cl a bronco
[11:36:16] <@wrbtrader> Yeah...you don't see too many trading days like this in Oil CL futures in the "regular trading session".
[11:36:40] <Zr1trader___> NQ Vol spke
[11:36:47] <@wrbtrader> Usually, big moves like this would occur prior to 0930am est
[11:48:54] <Bambam-77> per ransquawk there is a large commodity fund in trouble and being forced to liquidate
[11:50:27] <Zr1trader___> hmm interesting bambam thx for info
[11:52:12] <Bambam-77> been reading that we have alot of oil and that funds have been speculating higher to me that translates to pump and dump
[11:52:34] <Bambam-77> re summer fuel prices
[11:56:49] <Zr1trader___> Lot of people are looking at 95 on daily chart. CL
[11:57:46] <Zr1trader___> New daily breakout shorts and old daily Longs that initiated above 95 or above.
[12:23:17] <Zr1trader___> Apperently crude was halted for 10 seconds today .... http://www.nanex.net/aqck2.4118.html
[12:24:48] <Zr1trader___> oops here is the right link. http://www.nanex.net/aqck2/4118.html
[12:42:35] <Bambam-77> thx
[12:54:16] <Zr1trader___> via @bainenergy on twitter "Chatter on the liquidation is may be Vermillion Asset Management $561M in forced liquidated positions, between gold crude and cattle mkts"
[13:43:13] <@wrbtrader> Long Light Crude Oil CL @ 94.59 -> small size
[13:43:21] <@wrbtrader> 1 contract
[13:45:29] <@wrbtrader> Exited Light Crude Oil CL Long @ 94.60 --> + 0.01
[13:45:46] <@wrbtrader> trade error...saw something that wasn't there
[13:46:33] <@wrbtrader> sideline...will just watch awhile
[14:01:01] <@wrbtrader> Shorts Light Crude Oil CL @ 94.69 -> small size
[14:01:12] <@wrbtrader> 1 contract
[14:04:40] <@wrbtrader> geeesh
[14:04:46] <@wrbtrader> Key markets all over the place
[14:05:04] <@wrbtrader> Covered Light Crude Oil CL Short @ 94.65 --> + 0.04
[14:05:33] <@wrbtrader> Big movement in EuroFX 6E futures and Gold GC futures
[15:20:18] <@wrbtrader> Shorts Emini TF @ 917.10 -> medium size
[15:20:33] <@wrbtrader> 2+2
[15:20:40] <@wrbtrader> intuition
[15:21:31] <@wrbtrader> support trying hard to develop
[15:21:40] <@wrbtrader> tightening stop loss
[15:22:24] <@wrbtrader> Covered all Emini TF Short @ 917.60 --> - 0.5
[15:24:08] <@wrbtrader> Shorts Emini TF @ 917.70 -> medium size
[15:24:13] <@wrbtrader> re-entry
[15:24:16] <@wrbtrader> same price action
[15:24:29] <@wrbtrader> 4 contracts
[15:25:05] <@wrbtrader> starting to look like a churn between the 2 trades
[15:28:19] <@wrbtrader> Covered all Emini TF Short @ 916.70 --> + 1
[15:28:25] <@wrbtrader> WRB pt1 reached
[15:55:32] <@wrbtrader> Shorts Emini TF @ 913.10 -> large size
[15:55:41] <@wrbtrader> 2+2+2
[15:56:10] <@wrbtrader> not a valid trade signal but will hold with tight stop
[15:56:40] <@wrbtrader> Covered all Emini TF Short @ 913.00 --> + 0.1
[15:57:01] <@wrbtrader> Shorts Emini TF @ 912.90 -> large size
[15:57:06] <@wrbtrader> re-entry
[15:57:11] <@wrbtrader> same price action
[15:57:13] <Bambam-77> whippy nice scalp
[15:57:24] <@wrbtrader> tightning trail stop again
[15:57:57] <@wrbtrader> WRB pt1 (shallow) reached
[15:57:59] <Bambam-77> 905.3 pos
[15:58:40] <@wrbtrader> Covered all Emini TF Short @ 912.80 --> + 0.1
[15:59:38] <@wrbtrader> Shorts Emini TF @ 913.20 -> large size
[15:59:48] <@wrbtrader> 6 contracts
[15:59:54] <@wrbtrader> re-entry
[16:00:49] <@wrbtrader> tighten trail stop
[16:05:03] <@wrbtrader> trailing @ profit
[16:05:17] <@wrbtrader> a lot of volatility contraction now showing up :(
[16:06:20] <@wrbtrader> Covered all Emini TF Short @ 912.80 --> + 0.4
[16:06:48] <@wrbtrader> doesn't look like this is going to pick up any steam downwards after the 4pm est bell
[16:07:04] <@wrbtrader> big trend day
[16:07:21] <@wrbtrader> get at least one of these per month
[16:07:27] <@wrbtrader> always a different trigger
[16:09:33] <@wrbtrader> Gold GC futures got it started via its own trend day early in the overnight trading session
[16:12:47] <@wrbtrader> Not going to hang around and trade...milk it as much as I could even with the data problems I had today out of the gate
[16:13:12] <@wrbtrader> Take care all and hopefully there's more volatility tomorrow
[16:34:51] * Zr1trader___ is now known as Zr1trader__
[20:14:57] * MattR_ is now known as MattR_away
Session Close: Thu Feb 21 00:00:01 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 Qu├ębec, 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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