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 Post subject: April 30th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Apr 30, 2013 2:30 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2129
Location: Canada
Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
questions@thestrategylab.com (24/7)
http://twitter.com/wrbtrader (24/7)

##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 trading 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.

##TheStrategyLab is primarily designed to only be a trade journal for documentation purposes 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 so that the chat room becomes your diary (journal) to correlate with trades on your broker statements.

Also, if you want ##TheStrategyLab chat room to be educational for you, ask questions instead of lurking (not participating in conversations). You can talk about anything related to price action analysis, trade execution, financial markets, economies or news impacting the markets in general.

Quote:
The chat room is 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 price action 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

Attachment:
043013-Key-Price-Action-Markets.png
043013-Key-Price-Action-Markets.png [ 523.27 KiB | Viewed 106 times ]

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

Note: Trader conversations below may represent two different logs (public and private) merged together as one log.

Session Start: Tue Apr 30 07:16:59 2013
Session Ident: ##TheStrategyLab
[07:16:59] * Now talking in ##TheStrategyLab
[07:16:59] * 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'
[07:16:59] * Set by wrbtrader on Tue Feb 05 08:11:19
[07:16:59] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:37:47] <wave_> gm all
[09:09:07] <diesel_> hello all
[09:36:43] <wave_> L es 88
[09:40:42] <wrbtrader> Big up move in EuroFX 6E futures, Forex EURUSD ahead of tomorrow's Europe interest rate announcemebnt
[09:41:19] <wave_> dang out b/e
[09:42:21] <wrbtrader_mobile> Shorts Light Crude Oil CL @ 94.25 -> large size
[09:42:36] <wrbtrader_mobile> 6+6
[09:43:50] <wave_> wow news futs fell violent?
[09:48:04] <diesel_> mkt sluggish
[09:52:21] <wrbtrader_mobile> WRB Hidden GAP pt1 reached @ 93.92 (prior interval)
[09:58:17] <canaandog> good morning
[09:59:22] <diesel_> gm
[10:08:59] <@wrbtrader> U.S. home-price advance continues (MarketWatch) @ http://www.marketwatch.com/story/us-hom ... 2013-04-30
[10:13:33] <wave_> looking for S on es now
[10:13:44] <wave_> missed the 1st one
[10:21:59] <@wrbtrader> WRB Analysis Price Action Trading -> - 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 or http://www.twileshare.com/user/wrbtrader
[10:22:15] <wrbtrader_mobile> WRB Hidden GAP pt2 reached @ 93.39 (prior interval)
[10:24:35] <@wrbtrader> Emini TF futures most recent WRB Hidden GAP @ 1008am - 1010am est
[10:25:34] <@wrbtrader> Forex EURUSD currency most recent WRB Hidden GAP @ 1002am - 1004am est
[10:26:18] <@wrbtrader> increasing volatility in Forex EURUSD
[10:26:35] <wrbtrader_mobile> Covered 1/2 Light Crude Oil CL Short @ 93.39 --> + 0.86
[10:27:49] <wave_> eur boom ...rates news?
[10:28:21] <@wrbtrader> I think the rate news for Euro is on Thursday
[10:28:33] <@wrbtrader> I thought it was tomorrow but now believe its Thursday
[10:28:45] <wrbtrader_mobile> Covered Remainder Light Crude Oil CL Short @ 93.41 --> + 0.84
[10:30:19] <wave_> k ty
[10:33:09] <canaandog> gc spike down
[10:34:12] <wrbtrader_mobile> Long Emini TF @ 938.20 -> large size
[10:34:30] <wrbtrader_mobile> 5+1+4
[10:34:33] <canaandog> but still in same region since 0800
[10:39:32] <@wrbtrader> Light Crude Oil CL futures most recent WRB Hidden GAP @ 1034am - 1036am est
[10:39:42] <Zr1trader> NQ vol increase 5 ,10 min
[10:53:54] <diesel_> lot of institutional traders
[11:28:18] <diesel_> bbiab
[11:32:49] <wrbtrader_mobile> Exited 1/2 Emini TF Long @ 942.50 --> + 4.3
[11:45:00] <wave_> later guys ty all
[12:48:11] <wrbtrader_mobile> Exited Remainder Emini TF Long @ 944.50 --> + 6.3
[13:28:02] <diesel_> test
[13:48:34] <@wrbtrader> Understanding ##TheStrategyLab -> - Archive chat logs are stored @ http://www.thestrategylab.com/ftchat/forum/ and you can understand some of the words (e.g. Key Market Event, Contracting Volatility, WRB, WRB Hidden GAP, WRB Zone, WRB pt levels) being used here in the chat room for price action trading via the WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[14:12:37] <@wrbtrader> Shorts Light Crude Oil CL @ 93.02 -> large size
[14:13:02] <@wrbtrader> 4+6
[14:13:21] <@wrbtrader> another late entry
[14:14:22] <@wrbtrader> Covered all Light Crude Oil CL Short @ 93.05 --> - 0.03
[14:15:56] <@wrbtrader> Shorts Light Crude Oil CL @ 93.09 -> large size
[14:16:33] <@wrbtrader> this is the price I tried to catch for the prior trade
[14:16:52] <@wrbtrader> same size
[14:17:21] <@wrbtrader> back above the S area of the WRB Hidden GAP
[14:20:50] <@wrbtrader> Shorts Light Crude Oil CL @ 93.13 -> Add
[14:21:10] <@wrbtrader> 5 added
[14:22:08] <@wrbtrader> S area @ 93.12
[14:22:30] <@wrbtrader> testing mid-point of WRB Hidden GAP
[14:23:28] <@wrbtrader> testing R area of WRB Hidden GAP
[14:23:39] <@wrbtrader> volatility spike
[14:26:04] <@wrbtrader> Covered all Light Crude Oil CL Short @ 93.36 --> - 0.5
[14:26:14] <@wrbtrader> Long Light Crude Oil CL @ 93.38 -> large size
[14:26:30] <@wrbtrader> same size
[14:26:40] <@wrbtrader> above R area of WRB Hidden GAP
[14:27:35] <@wrbtrader> next S area @ 93.49 and R area @ 93.58
[14:28:33] <@wrbtrader> first R area stall
[14:31:12] <@wrbtrader> Exited all Light Crude Oil CL Long @ 93.40 --> + 0.02
[14:31:32] <@wrbtrader> retest of prior R area
[14:31:51] <@wrbtrader> Shorts Light Crude Oil CL @ 93.38 -> large size
[14:32:09] <@wrbtrader> same size
[14:32:33] <@wrbtrader> volatility declining
[14:33:22] <@wrbtrader> still declining
[14:33:35] <@wrbtrader> spread tighten
[14:39:33] <@wrbtrader> tried shorting Emini TF...
[14:39:35] <@wrbtrader> no fills
[14:40:20] <@wrbtrader> geeesh
[14:41:40] <@wrbtrader> all key market tighten their volatility at the same time
[14:41:43] <@wrbtrader> drying up fast
[14:45:01] <@wrbtrader> Covered all Light Crude Oil CL Short @ 93.37 --> + 0.01
[14:54:51] <@wrbtrader> volatility increasing slowly
[15:09:33] <@wrbtrader> should'uv stayed mobile :)
[15:09:41] <@wrbtrader> volatility was a lot better
[15:15:19] <@wrbtrader> FYI - @ChanServ is not a person...it is a robot mode by Freenode to allows me to control the chat room.
[15:15:36] <@wrbtrader> Thus, do not send messages to it because I will not recieve those messages.
[15:16:20] <@wrbtrader> I am in here as wrbtrader and wrbtrader_mobile
[15:17:54] <@wrbtrader> I'm posting my morning trades in here via wrbtrader_mobile (hidden by script) until log is release...
[15:18:39] <@wrbtrader> Will post some trades in here via wrbtrader in the afternoon trading session on some trading days.
[15:19:50] <@wrbtrader> Eventually, all of my trades and WRB Analysis commentary will ONLY be posted by wrbtrader_mobile...
[15:20:40] <@wrbtrader> I'll then occassionally post WRB Analysis only via wrbtrader in here to show I'm still alive in here :)
[15:21:33] <@wrbtrader> Also, I'll still post an ocassional WRB Analysis commentary on twitter and stocktwits as I've been doing about 2 years now.
[15:25:17] <@wrbtrader> I don't know why but my android has better stable connection to IRC than my desktop that's connected via cable.
[15:34:00] <@wrbtrader> I'll let the room know what "app" I'm using as soon as I decide on my primary app....currently testing 3 of them.
[15:34:33] <@wrbtrader> The app of choice will be one that's available on iPad (iOS) and android
[15:35:08] <@wrbtrader> for those interested in keeping track of the chat room on their mobile device
[15:37:33] <@wrbtrader> FYI -> - @ChanServ is not a person...it is a robot mode by Freenode to allows me to control the chat room from my desktop and from my mobile device.
[15:42:24] <@wrbtrader> Shorts Light Crude Oil CL @ 93.15 -> large size
[15:42:38] <@wrbtrader> 7 contracts
[15:44:31] <@wrbtrader> the retracements the two recent trades in Crude has killed the trade before they could reach a WRB Hidden GAP pt1
[15:44:57] <@wrbtrader> I've been trying to catch more WRB Hidden GAP pt1 levels instead of WRB pt1 levels at profit targets
[15:46:28] <@wrbtrader> WRB Hidden GAP pt1 reached
[15:46:46] <@wrbtrader> S area of WRB Hidden GAP @ 92.99
[15:49:21] <@wrbtrader> Funny, I still remember the old "pagers" used by brokers and traders during the 90's dot.com days :)
[15:49:58] <@wrbtrader> Now were're talking about iPads, Androids and Cell Phones
[15:51:08] <@wrbtrader> Read an interesting article last week that within 10 years...these mobile devices will replace MAC and PC as the primary computer
[15:51:20] <MattR_> I believe that.
[15:51:36] <MattR_> Though, I think there will still be workstations for people who need heavy-duty computers.
[15:51:48] <MattR_> Just like there are still trucks for people who haul stuff (or think they might one day).
[15:51:57] <@wrbtrader> true
[15:52:13] <Brian___> yea on a light scale they will but for those that do gaming and stuff i dont see that happening
[15:52:37] <MattR_> yeah
[15:52:56] <MattR_> I like having four big monitors on my desk. :-)
[15:53:08] <@wrbtrader> I'm not sure about gaming...
[15:53:39] <@wrbtrader> My friends teenagers have moved from PC gaming to the XBOX, iPAD and Android gaming
[15:53:54] <MattR_> Though... I guess if phones will have built-in projectors, maybe I won't need a computer or four monitors -- I'll just set my phone on the ground and project on the entire wall.
[15:54:11] <Brian___> yea but there's some games like for instance bioshock which is pretty popular, you need a beefy machine to run that efficiently
[15:55:21] <Brian___> even some of the older games like wow and everyquest you need a decent machine due to all the graphics in them now and those old games compared to what's out there now
[15:55:38] <@wrbtrader> Covered all Light Crude Oil CL Short @ 93.10 --> + 0.05
[15:56:43] <Brian___> but for mom/dad w/a couple kids that just use the net and maybe ms office every once in a while i can see phones and tablets replacing the full size pc,
[15:56:47] <Brian___> they've already started to
[15:57:27] <MattR_> agreed
[15:58:27] <@wrbtrader> I watched a show the other day about "identity theft" involving these FREE APPS you can download on your mobile devices.
[15:59:21] <@wrbtrader> I put my android next to my wallet...a wallet inside my back pants pocket...
[15:59:21] <Zr1trader__> That is one thing about new technology and almost all info being digital now, seems no info is safe anymore.
[15:59:36] <@wrbtrader> It was able to read the credit card "inside" :(
[15:59:37] <@wrbtrader> scary
[15:59:56] <@wrbtrader> Long Emini TF @ 944.00 -> large size
[16:00:03] <@wrbtrader> 5+5
[16:00:23] <@wrbtrader> volatility spike
[16:01:53] <@wrbtrader> hopefully it'll drift up on the declining volatility...
[16:01:58] <@wrbtrader> So far...not doing it
[16:05:52] <@wrbtrader> Exited 1/2 Emini TF Long @ 946.30 --> + 2.3
[16:06:13] <@wrbtrader> Exited Remainder Emini TF Long @ 946.20 --> + 2.2
[16:06:59] <@wrbtrader> Take care all and see all next month (tomorrow).
[16:07:08] <MattR_> g'night

-------------------------

##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 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 traders in price action trading.

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 price action 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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