Login    Forum    Search    FAQ



Post new topic Reply to topic Bookmark and Share  [ 1 post ] 
Author Message
 Post subject: March 13th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Mar 13, 2013 6:52 pm 
Offline
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2757
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:
031313-Key-Price-Action-Markets.png
031313-Key-Price-Action-Markets.png [ 553.78 KiB | Viewed 107 times ]

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

Session Start: Wed Mar 13 07:07:38 2013
Session Ident: ##TheStrategyLab
[07:07:38] * Now talking in ##TheStrategyLab
[07:07:38] * 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'
[07:07:38] * Set by wrbtrader on Tue Feb 05 08:11:19
[07:07:38] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:19:26] <Trendtrader> gm all
[09:20:18] <Zr1trader> Morning, all , tt
[09:30:08] <@wrbtrader> Shorts Emini TF @ 936.70 -> large size
[09:30:40] <@wrbtrader> Shorts Emini TF @ 936.70 -> Add
[09:31:20] <@wrbtrader> first entry was a small size of 3 contracts (not large)...
[09:31:36] <@wrbtrader> I then added to it to make it a large size (6 contracts) position
[09:34:05] <@wrbtrader> Covered all Emini TF Short @ 937.50 --> - 1.6
[09:34:54] <@wrbtrader> Long Emini TF @ 937.80 -> large size
[09:35:14] <@wrbtrader> 6+3
[09:35:37] <@wrbtrader> If I'm wrong about the expected volatility today...
[09:35:45] <@wrbtrader> Its going to be a big losing trading day for me.
[09:36:19] <@wrbtrader> I need to also be right about the trading instrument with the volatility
[09:36:38] <@wrbtrader> reason why I'm keeping a close eye on Oil CL futures and Gold GC futures
[09:39:00] <Trendtrader> Shorts Emini TF @ 937.8
[09:39:01] <Trendtrader> x1
[09:40:01] <@wrbtrader> Exited all Emini TF Long @ 936.80 --> - 1
[09:40:12] <@wrbtrader> Oil CL and Gold GC futures losing their steam...
[09:40:23] <@wrbtrader> Only Emini TF futures picking up the volatility
[09:40:29] <Trendtrader> Covered all Emini TF Short @ 936.8 --> + 1
[09:41:06] <@wrbtrader> EuroFX 6E futures volatility surge
[09:43:27] <@wrbtrader> Shorts Emini TF @ 935.40 -> large size
[09:43:43] <@wrbtrader> 9 contracts
[09:44:32] <@wrbtrader> not looking good
[09:44:41] <@wrbtrader> volatility suddenly hit a big WALL
[09:48:37] <@wrbtrader> chopping around
[09:53:10] <@wrbtrader> I want to hold this trade into the 1000am est key market event...
[09:53:33] <@wrbtrader> tough
[09:53:53] <@wrbtrader> price action testing the S area of the most recent WRB Hidden GAP
[09:54:02] <@wrbtrader> meant...retesting
[09:55:33] <@wrbtrader> volatility contraction showing up now
[10:01:14] <@wrbtrader> Covered all Emini TF Short @ 935.90 --> - 0.5
[10:01:37] <@wrbtrader> no volatility out of the key market event
[10:02:07] <@wrbtrader> will just watch and wait for the next WRB Hidden GAP
[10:08:11] <@wrbtrader> Shorts Light Crude Oil CL @ 93.05 -> large size
[10:08:27] <@wrbtrader> 7 contracts
[10:09:01] <@wrbtrader> trying Oil CL futures while Emini TF seems lost with its volatility right now
[10:10:20] <@wrbtrader> WRB pt1 reached
[10:10:28] <@wrbtrader> key markets not insync with their volatility
[10:14:53] <@wrbtrader> Covered all Light Crude Oil CL Short @ 93.04 --> + 0.01
[10:15:35] <@wrbtrader> back to back trades shaken out for nothing
[10:17:44] <@wrbtrader> Emini futures still stuck inside yesterday's range and volatility is now declining more
[10:18:47] <@wrbtrader> Long Emini TF @ 936.30 -> large size
[10:27:21] <@wrbtrader> very disappointed we didn't get enough volatility to get outside of yesterday's range
[10:28:20] <@wrbtrader> pending 1030am est key market event
[10:30:01] <@wrbtrader> Long Light Crude Oil CL @ 93.07 -> large size
[10:32:35] <@wrbtrader> Exited all Emini TF Long @ 936.40 --> + 0.1
[10:32:52] <@wrbtrader> Covered all Light Crude Oil CL Short @ 93.09 --> + 0.02
[10:33:25] <@wrbtrader> Oil CL futures not helping
[10:33:35] <@wrbtrader> Had to get rid of both trades
[10:34:55] <@wrbtrader> Shorts Light Crude Oil CL @ 93.02 -> large size
[10:35:30] <@wrbtrader> I had this Short before and it didn't work out well after reaching a WRB pt1
[10:35:52] <@wrbtrader> re-entry into the same type of price action on the long upper shadow retracements
[10:36:04] <@wrbtrader> WRB pt1 reached
[10:36:31] <@wrbtrader> trailing @ profit just in case it does what it did on the other Short
[10:38:40] <@wrbtrader> geeesh...not one of these price actions wants to keep their volatility after it shows up :(
[10:40:50] <@wrbtrader> Covered all Light Crude Oil CL Short @ 92.98 --> + 0.04
[10:41:57] <@wrbtrader> retracements back inside recent unfilled WRB Hidden GAPs on many different markets
[10:44:29] <@wrbtrader> Only Gold GC futures respecting its volatility increases today
[11:33:34] <@wrbtrader> Shorts Light Crude Oil CL @ 92.92 -> large size
[11:36:53] <@wrbtrader> Covered all Light Crude Oil CL Short @ 92.91 --> + 0.01
[11:36:58] <@wrbtrader> :(
[11:37:09] <@wrbtrader> trading for ticks is not what I had in plan for today :(
[11:37:12] <@wrbtrader> be back later
[11:57:22] <@wrbtrader> Shorts Light Crude Oil CL @ 92.76 -> large size
[11:58:00] <@wrbtrader> looks like I took a my first break (time out away from trading) at the wrong time
[11:58:28] <@wrbtrader> re-entry via the price action of the prior trade
[11:58:57] <@wrbtrader> 10 contracts
[12:02:41] <@wrbtrader> will scale out
[12:02:48] <@wrbtrader> don't like th eprice action
[12:03:55] <@wrbtrader> Covered 1/2 Light Crude Oil CL Short @ 92.69 --> + 0.07
[12:05:07] <@wrbtrader> Covered Remainder Light Crude Oil CL Short @ 92.69 --> + 0.07
[12:06:39] <@wrbtrader> sidelined...will spend some time rethinking the volatility.
[12:07:07] <@wrbtrader> May call it quits and take the loss for the day or keep monitoring to see if any consistent volatility may show up
[12:17:12] <@wrbtrader> Shorts Light Crude Oil CL @ 92.68 -> large size
[12:17:31] <@wrbtrader> another Long Upper Shadow trade
[12:17:38] <@wrbtrader> been rading them all day
[12:17:52] <@wrbtrader> 7 contracts
[12:18:13] <@wrbtrader> increasing volatility
[12:18:23] <@wrbtrader> WRB pt1 reached
[12:18:49] <@wrbtrader> lets see if the volatility can hold and not let price action retrace the WRB Hidden GAP
[12:20:23] <@wrbtrader> WRB Hidden GAP trying to form...price action hanging around a possible S area
[12:21:38] <@wrbtrader> WRB Hidden GAP in Oil CL futures via 2min chart with S area @ 92.32
[12:23:59] <@wrbtrader> contracting volatility
[12:27:21] <@wrbtrader> Emini futures pushing above its highs of today of the regular session :)
[12:27:51] <@wrbtrader> Lets see if the highs attract some volatility in other key markets
[12:36:11] <@wrbtrader> key markets not insync on direction but are insync on increasing volatility or contracting volatility
[12:37:47] <@wrbtrader> Covered Light Crude Oil CL Short @ 92.25 --> + 0.43
[12:37:49] <@wrbtrader> Holding 2 contract remainders
[12:38:00] <@wrbtrader> WRB pt3 reached
[12:39:37] <@wrbtrader> meant WRB pt2 reached (not a pt3)
[12:46:20] <Zr1trader> There she goes
[12:46:32] <@wrbtrader> Covered Light Crude Oil CL Short @ 91.99 --> + 0.69
[12:46:36] <@wrbtrader> Holding 1 contract remainder for a possible "runner" to new intraday lows for Oil CL futures
[12:46:51] <@wrbtrader> WRB pt3 reached
[12:49:47] <@wrbtrader> Oil CL futures has another WRB Hidden GAP with S area @ 91.99
[12:50:58] <@wrbtrader> Oil CL futures trades today...all winners. In contrast, most of my trades in Emini TF futures are losers except for one.
[12:51:22] <@wrbtrader> At least I was finally able to figure out which trading instrument volatility I could better manage
[13:15:51] <@wrbtrader> Emini TF futures still holding up near the intraday highs
[14:02:50] <@wrbtrader> Covered Remainder Light Crude Oil CL Short @ 92.59 --> + 0.09
[15:21:47] <@wrbtrader> Shorts Emini TF @ 939.20 -> small size
[15:22:19] <@wrbtrader> 3 contracts
[15:55:48] <@wrbtrader> Covered all Emini TF Short @ 940.10 --> - 0.9
[16:00:12] <@wrbtrader> Long Emini TF @ 940.20 -> medium size
[16:00:25] <@wrbtrader> 4 contracts
[16:01:02] <@wrbtrader> back to back 4pm rush hour traffic that lost its volatility
[16:04:12] <@wrbtrader> Exited all Emini TF Long @ 940.30 --> + 0.1
[16:04:53] <@wrbtrader> Tough trading day in the Emini futures when I was trading...
[16:05:11] <@wrbtrader> Yet, it did move nicely when I wasn't trading it :)
[16:05:41] <@wrbtrader> Take care all and see all tomorrow
Session Close: Wed Mar 13 19:30:11 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


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