##TheStrategyLab (located on the Freenode IRC network) is
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##TheStrategyLab is primarily designed to be a
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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.
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022613-Key-Price-Action-Markets.png [ 527.33 KiB | Viewed 218 times ]
click on the above image to view today's price action of key markets Session Start: Tue Feb 26 07:06:34 2013
Session Ident: ##TheStrategyLab
[07:06:34] * Now talking in ##TheStrategyLab
[07:06:34] * 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'[07:06:34] * Set by wrbtrader on Tue Feb 05 08:11:19
[07:06:34] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:17:31] * MattR_away is now known as MattR_
[09:26:23] <Trendtrader>
all
[09:28:12] <wave1>
tt
[09:28:20] <wave1> & others
[09:28:43] <wrbtrader> Good morning all
[09:32:30] <wrbtrader> I'm not expecting much today after a day like yesterday
[09:32:39] <Trendtrader> Shorts Emini TF @ 898.3
[09:32:45] <Trendtrader> x1
[09:35:57] <Trendtrader> Covered all Emini TF Short @ 899.3 --> - 1
[09:36:52] <wave1> consumer confidence,, AND uncle ben speaking at 1000am
[09:37:45] <wrbtrader> Yes along with the "still" uncertainty" about the Italy election vote results...
[09:37:55] <wrbtrader> Not sure when they will know who is the winner
[09:38:16] <wave1> y italy muddled everything
[09:43:03] <wave1> S es 95
[09:46:03] <wave1> out 93
[09:47:24] <wave1> dang :9
[09:49:48] <canaandog> 093705 long CL 93.02; flat 92.02 = -10t; bungled trade: late entry by +9t and stop 1t too tight, proper entry would have profited
[09:54:43] <db887> lets hope it broke out of the range.
[09:56:54] <wrbtrader> Key Market Event @ 1000am est
[10:03:43] <wave1> missed ES S ...
[10:04:46] <wrbtrader> volatility still growing off that key market event
[10:05:47] <wrbtrader> I was expecting a "calm" low volatility trading day...
[10:05:49] <wrbtrader>
[10:10:07] <wave1> @office distractions
[10:11:17] <Zr1trader__> Related to home sales key market event, I've been looking for rental properties to in mn and they are getting snatched up with multiple offers the first week. Kind of an investor frenzy but we need "first time buyers" to come in also for a true recovery IMO
[10:12:09] <wrbtrader> Strongly agree...without increasing "first time buyers"...its not a true recovery
[10:13:49] <canaandog> agreed. if the QE money actually went into the economy, it would happen
[10:14:02] <wrbtrader> Shorts Emini TF @ 897.40 -> large size
[10:14:11] <wrbtrader> 6+4
[10:14:42] <wrbtrader> intuition
[10:14:48] <wrbtrader> not looking good
[10:16:11] <wrbtrader> Covered all Emini TF Short @ 897.90 --> - 0.5
[10:18:47] <wrbtrader> Shorts Emini TF @ 897.60 -> large size
[10:19:28] <wrbtrader> This price action is now similar to yesterday's late afternoon "snap back" or jumpy price action before the direction would continue
[10:19:37] <wrbtrader> 5+5
[10:19:59] <wrbtrader> That was a very frustrating price action via all the trail stop hits
[10:20:24] <wrbtrader> re-entry
[10:22:53] <wrbtrader> Covered 1/2 Emini TF Short @ 895.50 --> + 2.1
[10:24:32] <wave1> vn N ... just got bacjk
[10:25:06] <wrbtrader> Emini TF on the way up was fairly smooth and consistent...
[10:25:24] <wrbtrader> Just the opposite on the way back down...very jumpy and not smooth
[10:25:55] <wrbtrader> Covered Remainder Emini TF Short @ 897.40 --> + 0.2
[10:26:57] <wrbtrader> Shorts Emini TF @ 897.00 -> large size
[10:27:04] <wrbtrader> 10 contracts
[10:27:32] <wrbtrader> was a little better prepared this time after the "trail hit" (pick pocket)
[10:27:40] <wrbtrader> re-entry
[10:28:31] <wrbtrader> WRB pt1 reached
[10:29:33] <wrbtrader> Covered 1/2 Emini TF Short @ 895.00 --> + 2
[10:29:55] <wrbtrader> no fill first time it hit 895 but got the fill the retracement back below it
[10:30:56] <wrbtrader> Hope you notice I've been increasing my position size to 10 contracts...
[10:31:09] <wrbtrader> Above my norm due to the sudden volatility that showed up.
[10:31:17] <wave1> vn N
[10:31:30] <wrbtrader> Without that volatility, I would have been around 3 - 4 contracts
[10:31:33] <canaandog> did
[10:32:06] <wrbtrader> As noted earlier this morning...I was NOT expecting much today in terms of the volatility.
[10:32:24] <wrbtrader> Thought it was going to be a calm "low volatility" trading day.
[10:32:31] <Zr1trader__> yes noticed, very helpful watching how a veteran operates, thx
[10:32:51] <wrbtrader> Yet, trying to exploit being wrong via increasing my position size
[10:34:17] <Zr1trader__> being dynamic like that is something you won't find in a computer code
[10:34:26] <wrbtrader> true
[10:34:49] <wrbtrader> By the way, I'm watching the chart of Japanese Yen out of the corner of my eye
[10:35:03] <wrbtrader> As soon as it goes into "contracting volatility"...
[10:35:16] <wrbtrader> I'm going to exit some of my remainders...
[10:35:31] <wrbtrader> Yen now contracting
[10:35:55] <wrbtrader> Covered Emini TF Short @ 893.90 --> + 3.1
[10:35:58] <wrbtrader> Holding 2 contract remainders
[10:36:41] <wrbtrader> Light Crude Oil CL futures showing some support now
[10:37:47] <wrbtrader> Gold GC futures has now counter-thrust back upwards and retraced the WRB Hidden GAP @ 1000am - 1002am est (key market event WRB Hidden GAP)
[10:41:14] <wrbtrader> Covered Remainder Emini TF Short @ 896.70 --> + 0.3
[10:41:42] <wrbtrader> Wow...I had a 3 point wiggle room on those remainders and they still didn't survive the "trail stop"
[10:41:49] <wrbtrader> That's good volatility
[10:43:00] <wrbtrader> Shorts Emini TF @ 896.00 -> small size
[10:43:05] <wrbtrader> 2 contracts
[10:43:09] <wrbtrader> re-entry
[10:43:11] <wrbtrader> intuition
[10:44:34] <Zr1trader__> Short NG 3.456 1 contract
[10:45:04] <wrbtrader> Covered all Emini TF Short @ 895.80 --> + 0.2
[10:45:10] <wrbtrader>
[10:45:32] <Zr1trader__> Error on NG
[10:46:12] <wrbtrader> Flight to Safety in Gold GC futures right now
[10:47:25] <Zr1trader__> exit -5 ticks making escape
[10:50:28] <Zr1trader__> gc vol increase
[10:55:18] <Zr1trader__> Short YM 13854 -----1 contract
[11:02:12] <wrbtrader> volatility increasing in Emini TF futures
[11:02:50] <wrbtrader> Shorts Emini TF @ 895.70 -> large size
[11:03:01] <wrbtrader> 6 contracts
[11:04:49] <wrbtrader> volatility contracting again
[11:07:40] <wrbtrader> Covered all Emini TF Short @ 894.40 --> + 1.3
[11:07:54] <wrbtrader> not a WRB pt1 exit
[11:09:50] <wrbtrader> I just didn't like how Emini NQ was acting when it reached its most recent reaction low of 1034am est
[11:10:10] <wrbtrader> I figure some support will try to show up in Emini TF futures because of such
[11:13:17] <Zr1trader__> vxx trying to get over yesterdays high.
[11:14:18] <wrbtrader> thanks...just pulled up the chart
[11:15:33] <wrbtrader> Long Emini TF @ 895.60 -> small size
[11:15:39] <wrbtrader> 3 contracts
[11:15:56] <wrbtrader> my first Long of the day
[11:18:22] <wrbtrader> Exited all Emini TF Long @ 895.90 --> + 0.3
[11:18:42] <wrbtrader> Houdini Escape...price action getting jumpy too much for me
[11:19:49] <wrbtrader> More highs in Gold GC futures
[11:20:17] <wrbtrader> After yesterday and then today's sudden volatility surge...
[11:20:33] <wrbtrader> Folks are probably a spooked in the futures markets
[11:22:03] <Zr1trader__> There have been a 200 lot seller showing up on GC DOM keeps going higher
[11:22:34] <Zr1trader__> filling the most orders i suppose
[11:23:30] <Zr1trader__> vxx broke highs
[11:23:49] <Zr1trader__> euro lose 6 min
[11:23:53] <Zr1trader__> close*
[12:34:33] <Zr1trader__> Exit +1 tick YM was going for a wrb2 on larger TF
[12:55:02] <wrbtrader> Long Emini TF @ 897.00 -> small size
[12:55:13] <wrbtrader> 2 contracts
[13:00:56] <wrbtrader> WRB pt1 reached
[13:02:12] <wrbtrader> Exited all Emini TF Long @ 898.20 --> + 1.2
[13:03:36] <wrbtrader> increasing volatility
[14:19:24] <canaandog> long CL 92.52; flat 92.58 = +6t
[14:29:55] <@wrbtrader> Long Emini TF @ 901.10 -> small size
[14:30:03] <@wrbtrader> 1 contract
[14:41:01] <@wrbtrader> Exited Emini TF Long @ 900.40 --> - 0.7
[15:30:44] <@wrbtrader> Long Emini TF @ 898.40 -> small size
[15:30:56] <@wrbtrader> geeesh
[15:31:11] <@wrbtrader> Exited Emini TF Long @ 898.10 --> - 0.3
[15:31:19] <@wrbtrader> 1 contract
[15:31:38] <@wrbtrader> I'm done for the day...that was a stupid trade error.
[15:32:04] <@wrbtrader> Overall, great trading day with sudden volatility early.
[15:32:13] <@wrbtrader> Take care all and see all tomorrow
[15:32:18] <Donnin_> tc
[16:11:24] * MattR_ is now known as MattR_away
[16:26:58] <Donnin_> does there have to be 2 same color intervals period in swing point or only after the appearance of the first wrb in chap 2 study guild?
[16:28:28] <Donnin_> wrbhg*
-------------------------
##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:
CME Emini Futures EMD, ES and NQ
ICE Emini TF Futures (formerly CME ER2)
CBOT mini-sized Dow Futures YM
Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50
Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz
Euronext Futures FTSE-100 and CAC-40
CME Futures EuroFX 6E and EC
Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB
Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen and Usd/Cad
Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD
NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG
COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI
S&P CNX NIFTY Futures
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
@
http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
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