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 Post subject: March 25th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Mon Mar 25, 2013 5:07 pm 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 3129
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).

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.

032513-Key-Price-Action-Markets.png [ 523.27 KiB | Viewed 134 times ]

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

Session Start: Mon Mar 25 09:24:04 2013
Session Ident: ##TheStrategyLab
[09:24:04] * Now talking in ##TheStrategyLab
[09:24:04] * 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'
[09:24:04] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:24:04] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:32:39] <@wrbtrader> Long Light Crude Oil CL @ 94.67 -> large size
[09:32:53] <@wrbtrader> 6+1
[09:33:02] <Trendtrader> Shorts Emini TF @ 945.7
[09:33:03] <Trendtrader> x1
[09:34:27] <@wrbtrader> recent intervals in Crude had two long upper shadows...
[09:34:48] <@wrbtrader> I want to see if it can climb those Shadows to their top (R areas)
[09:35:22] <Trendtrader> Covered all Emini TF Short @ 944.9 --> + 0.8
[09:35:39] <@wrbtrader> Exited all Light Crude Oil CL Long @ 94.70 --> + 0.03
[09:37:34] <wave__> L es 55 es
[09:41:03] <@wrbtrader> Long Light Crude Oil CL @ 94.69 -> medium size
[09:41:09] <@wrbtrader> 5 contracts
[09:41:21] <@wrbtrader> re-entry into the range of the long upper shadows
[09:42:51] <wave__> out 56.5
[09:47:02] <wave__> es 57.25 dang
[09:48:24] <@wrbtrader> WRB pt1 reached (shallow)
[09:48:49] <@wrbtrader> WRB pt2 reached
[09:49:08] <@wrbtrader> Exited all Light Crude Oil CL Long @ 94.94 --> + 0.25
[09:49:30] <wave__> vn
[10:02:34] <wave__> eur pop missed in AM above 30
[10:02:40] <Zr1trader> Crude continues wrbs to upside...
[10:03:10] <@wrbtrader> A lot of volatility due to the Cyprus European crisis
[10:03:10] <wave__> wow cl pop
[10:03:22] <wave__> yes
[10:03:32] <Zr1trader> seems gold had majority of its action premarket thus far
[10:03:39] <@wrbtrader> Long Light Crude Oil CL @ 95.25 -> large size
[10:03:44] <Zr1trader> gold now just ripping
[10:03:50] <Zr1trader> i mean crude**
[10:04:06] <@wrbtrader> 5+1
[10:04:22] <@wrbtrader> Exited all Light Crude Oil CL Long @ 95.29 --> + 0.04
[10:04:35] <@wrbtrader> that was a trade error
[10:04:53] <@wrbtrader> was trying to cancel the order
[10:05:00] <@wrbtrader> lucky to get out without any damage
[10:06:01] <Zr1trader> Dollar Index had a very unusual spike last night , either that or a bad tick on my charts .
[10:06:06] <wave__> :)
[10:06:09] <@wrbtrader> put an order in for 95.25 when it was at 95.23 but the order should have been placed for 95.15 (not 95.25)
[10:06:33] <@wrbtrader> wanted to catch a retracement back down from 92.23
[10:08:19] <@wrbtrader> There was a lot of volatility yesterday evening due to Cyprus
[10:08:30] <@wrbtrader> So far today, its still a big bang
[10:09:47] <@wrbtrader> Long Emini TF @ 950.50 -> large size
[10:09:58] <@wrbtrader> 10 contracts
[10:12:35] <@wrbtrader> Exited all Emini TF Long @ 950.80 --> + 0.3
[10:12:47] <@wrbtrader> trail pick pocketed
[10:13:00] <@wrbtrader> Almost had a WRB pt1
[10:16:52] <@wrbtrader> Long Light Crude Oil CL @ 95.56 -> medium size
[10:16:58] <@wrbtrader> 5 contracts
[10:18:21] <@wrbtrader> Exited all Light Crude Oil CL Long @ 95.50 --> - 0.06
[10:19:24] <@wrbtrader> Long Light Crude Oil CL @ 95.53 -> large size
[10:19:34] <@wrbtrader> 6 contracts
[10:19:37] <@wrbtrader> re-entry
[10:21:10] <@wrbtrader> Exited all Light Crude Oil CL Long @ 95.54 --> + 0.01
[10:21:24] <@wrbtrader> volatility contraction becoming stronger
[10:26:14] <Zr1trader> NQ WRBs to downside showing up
[10:26:37] <Zr1trader> TF also
[10:28:22] <@wrbtrader> Emini TF looks like it wants to retrace every WBR Hidden GAP that occurred in that up movement
[10:30:25] <wave__> eur done what a whack
[10:30:44] <Zr1trader> Yeah I noticed that strong trend down day in eur thus far
[10:31:28] <@wrbtrader> Shorts Light Crude Oil CL @ 95.36 -> large size
[10:31:41] <@wrbtrader> 7 contracts
[10:33:37] <@wrbtrader> getting choppy
[10:33:48] <@wrbtrader> :(
[10:39:45] <@wrbtrader> Covered all Light Crude Oil CL Short @ 95.35 --> + 0.01
[10:39:48] <@wrbtrader> Houdini Escape...contracting volatility in Crude Oil CL futures is more difficult to manage than contracting volatility in Emini TF futures
[10:40:46] <wave__> cl is bronco ...:( for me
[10:41:19] <@wrbtrader> Shorts Light Crude Oil CL @ 95.31 -> large size
[10:41:33] <@wrbtrader> 10 contracts
[10:41:40] <@wrbtrader> re-entry
[10:42:12] <@wrbtrader> wave...agree
[10:42:38] <@wrbtrader> You can be right on the direction of CL most of time and still have most of the trades results as losers...
[10:42:44] <wave__> lol my heart beats fast when look at cl
[10:42:53] <@wrbtrader> Very tough trading instrument to manage stops
[10:43:33] <Zr1trader> EMinis selling off
[10:43:46] <Zr1trader> still
[10:44:51] <@wrbtrader> Crude Oil CL futures has been fighting hard to prevent retracing its WRB Hidden GAPs in that big up movement...
[10:45:15] <@wrbtrader> In contrast, Emini TF futures rolled over very easily like a bowling ball
[10:45:35] <@wrbtrader> WRB pt1 reached
[10:46:07] <@wrbtrader> Covered 1/2 Light Crude Oil CL Short @ 95.17 --> + 0.14
[10:46:15] <wave__> vn
[10:46:52] <Zr1trader> 6e vol spike
[10:47:23] <@wrbtrader> Big volatility surge in EuroFX 6E futures, Forex EURUSD and anything else tied to the Euro
[10:52:04] <@wrbtrader> So far this year...all the big volatility movements have been news driven via concerns out of Europe
[10:52:52] <wave__> y
[10:59:48] <@wrbtrader> WRB pt2 reached
[11:00:13] <@wrbtrader> Covered Remainder Light Crude Oil CL Short @ 94.90 --> + 0.41
[11:06:19] <@wrbtrader> Shorts Emini TF @ 941.80 -> medium size
[11:06:26] <@wrbtrader> 5 contracts
[11:06:38] <@wrbtrader> long upper shadow
[11:11:09] <wave__> L eur 90
[11:12:33] <@wrbtrader> Covered all Emini TF Short @ 941.60 --> + 0.2
[11:12:44] <@wrbtrader> WRB pt1 (shallow) reached
[11:12:57] <@wrbtrader> had to take it because it suddenly got choppy
[11:14:37] <@wrbtrader> Wow...the $13 Billion that Cyprus secured as a bailout for its banks...
[11:14:52] <@wrbtrader> It will wipe all most of their citizens pensions :(
[11:15:28] <@wrbtrader> Their also going after the savings accounts of anyone with over $100,000 in the banks.
[11:16:00] <@wrbtrader> They're going to SEIZE the money and then forbid you from closing your account after all your money is gone.
[11:16:02] <@wrbtrader> WOW
[11:16:06] <canaandog> a criminal/stupid move if you ask me
[11:16:21] <@wrbtrader> Unbelievable
[11:17:28] <@wrbtrader> When the dust settles...I bet most folks in Cyprus will never tell their employer to do a "direct deposit" to the bank.
[11:17:36] <@wrbtrader> They'll just ask for "cash payment"
[11:21:44] <Zr1trader> GC above 1600, wrbs to upside
[11:22:03] <Zr1trader> Sad that their gov't is screwing its citizens.
[11:22:19] <@wrbtrader> agree
[11:22:33] <Zr1trader> Gold in 4000 year uptrend for a reason tho
[11:24:38] <Zr1trader> history keeps repeating with govt's, banks, fiat game. where the little guy gets the bad end of the trade.
[11:27:01] <canaandog> Jeroen Dijsselbloem, chairman of the Eurogroup of euro-zone finance ministers, said the Cyprus rescue program serves as a new template for solving banking problems
[11:27:02] <canaandog> wow
[11:27:44] <@wrbtrader> scary
[11:27:46] <canaandog> I hope there are runs on banks all over Europe
[11:28:23] <@wrbtrader> Today the European gov't are stealing your money...what will they do next year if this continues ?
[11:28:47] <@wrbtrader> Take your car, house and auction it off to foreign investors
[11:29:06] <Zr1trader> A domino effect may happen, lets hope not for the sake goodness , but it is a possibility since the whole fiat scheme is based on confidence.
[11:30:20] <Zr1trader> If people feel their money is not safe any more sitting in the bank in europe, not good.
[11:36:04] <@wrbtrader> I know I would if I lived in a country with close financial ties to Cyprus
[11:36:27] <@wrbtrader> If they refuse to give me my money...
[11:36:44] <@wrbtrader> I'll hired some thugs to go rob the bank :)
[11:36:55] <Zr1trader> lol
[11:40:52] <@wrbtrader> I didn't know Cyprus sits on top of a "Natural Gas" gold mine @ http://money.cnn.com/2013/03/21/news/ec ... tml?iid=EL
[11:48:45] <Zr1trader> Yeah I read that too. Others joking around that Russia may swoop in and take it over :)
[11:52:10] <wave__> later guys ty all
[12:22:11] <@wrbtrader> Shorts Light Crude Oil CL @ 94.16 -> medium size
[12:22:18] <@wrbtrader> :(
[12:22:20] <@wrbtrader> geeesh
[12:22:29] <@wrbtrader> 3+1
[12:22:54] <@wrbtrader> Covered all Light Crude Oil CL Short @ 94.16 --> 0
[12:23:05] <@wrbtrader> 2nd trade error of the day
[12:23:15] <@wrbtrader> need to do a quick reboot
[12:23:20] <@wrbtrader> be back in a few minutes
[13:57:18] <Zr1trader> TF now wrbs to upside
[14:56:45] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[17:56:08] <@wrbtrader> A great volatility trading day.
[17:56:15] <@wrbtrader> Take care all and see all tomorrow.
* Stocks Drop On Renewed Europe Worries (CNNMoney.com) @ http://money.cnn.com/2013/03/25/investi ... ks-markets
Session Close: Mon Mar 25 17:56:25 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
Go Back To TheStrategyLab.com Homepage

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