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 Post subject: April 3rd Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Apr 03, 2013 3:52 pm 
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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.

##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, please ask questions instead of lurking (not participating in conversations). You can talk about anything related to the 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 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:
040313-Key-Price-Action-Markets.png
040313-Key-Price-Action-Markets.png [ 525.13 KiB | Viewed 258 times ]

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

Session Start: Wed Apr 03 09:04:52 2013
Session Ident: ##TheStrategyLab
[09:04:52] * Now talking in ##TheStrategyLab
[09:04:52] * 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'
[09:04:52] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:04:52] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:11:10] * wrbtrader_sleepi is now known as wrbtrader
[09:23:52] <Trendtrader> gm all
[09:25:11] <Zr1trader> GM Traders, have a good day.
[09:35:53] <wrbtrader> Key market events @ 1000am, 1030am and 1700pm est
[09:44:15] <wrbtrader> WRB Hidden GAP just formed in Emini TF futures on the small time frames
[09:44:36] <wrbtrader> still some down pressure
[09:44:50] <wrbtrader> lets see if Emini TF can find some legs to stand up on
[09:45:24] <wrbtrader> EuroFX 6E futures in a Creeper Up Movement
[09:45:49] <wrbtrader> price action trying to climb a recent long upper shaddow interval
[09:47:02] <Trendtrader> Long Emini TF @ 930.7
[09:47:03] <Trendtrader> x1
[09:47:19] <Zr1trader> L TF 930.8 1 contract
[09:48:36] <wrbtrader> Shorts Emini TF @ 929.30 -> large size
[09:48:42] <wrbtrader> 10 contracts
[09:49:29] <wrbtrader> had my eye on EuroFX 6E futures a little too long
[09:50:01] <wrbtrader> Shorts Emini TF @ 929.60 -> Add
[09:52:25] <Zr1trader> exit all 928.5 -23 tick
[09:56:07] * R is now known as Guest95171
[09:56:33] <wrbtrader> Covered all Emini TF Short @ 930.30 --> - 1.7
[09:56:46] <wrbtrader> WRB on the retracement back upwards
[09:56:59] <wrbtrader> that prior trade add was 5 contracts
[09:57:40] <wrbtrader> pending 1000am est key market event
[09:57:55] <wrbtrader> hopefully it won't let the volatilit contract
[09:59:37] <wrbtrader> Shorts Emini TF @ 929.60 -> large size
[09:59:45] <wrbtrader> 10 contracts
[09:59:48] <wrbtrader> re-entry
[09:59:52] <wrbtrader> same price action
[10:00:13] <wrbtrader> tightening stop/loss protection...pending key market event
[10:01:15] <wrbtrader> WRB pt1 reached
[10:03:28] <Zr1trader> On hourly chart broke downside of a range going back to 3/11 on TF
[10:03:36] <wrbtrader> Covered all Emini TF Short @ 926.50 --> + 3.1
[10:04:44] <wrbtrader> I'm still watching EuroFX 6E futures but missed the Long entry due to trying to manage the prior losing trade in Emini TF futures :(
[10:05:18] <wrbtrader> Light Crude Oil CL futures setting up as a WRB Hidden GAP below the most recent reaction point.
[10:06:53] <wrbtrader> Shorts Light Crude Oil CL @ 96.45 -> medium size
[10:07:02] <wrbtrader> 3+2 contracts
[10:07:21] <wrbtrader> messed up the position size on that :(
[10:07:46] <wrbtrader> looking for a Houdini Escape out of this trade
[10:08:48] <wrbtrader> volatilit contraction in Emini ES futures
[10:09:12] <wrbtrader> EuroFX 6E futures testing the S area of its most recent WRB Hidden GAP (2min chart)
[10:09:47] <wrbtrader> Emini TF futures more contracting volatility
[10:10:21] <wrbtrader> Oil CL futures trying to climb back about the S area of its most recent WRB Hidden GAP
[10:12:31] <wrbtrader> Covered all Light Crude Oil CL Short @ 96.41 --> + 0.04
[10:12:40] <wrbtrader> WRB pt1 (shallow) reached
[10:12:52] <wrbtrader> got my Houdini Escape out of that bad trade
[10:12:59] <wrbtrader> got lost in the forest on that one
[10:14:41] <wrbtrader> WRB Analysis -> - Your use of this chat room implies you're using concepts from WRB Analysis to help trade either Stocks, Emini Futures (EMD, TF, ES, NQ, YM), EuroFX 6E Futures, Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40, BUND), Treasury Futures (ZF, ZN, ZB), Oil Futures (Brent, CL, HO, QM), Gold GC Futures, Natural Gas NG Futures, Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQ, SPY), Hang Seng HSI Futures, NIFTY Futures, Forex Currencies (GbpUsd, EurUsd, EurYen, UsdCad) and other key market price actions.
[10:23:31] <Trendtrader> Exited all Emini TF Long @ 927.7 --> - 3
[10:24:29] <Trendtrader> i know a little delayed in response - had to evacuate my bld - fire alarm.
[10:40:42] <wrbtrader> Oil futures fall as traders brace for supply climb (MarketWatch) @ http://www.marketwatch.com/story/oil-fu ... 2013-04-02
[10:41:46] <wrbtrader> Understanding ##TheStrategyLab -> - Archive chat logs are stored @ http://www.thestrategylab.com/ftchat/forum/ and you can understand some of the words (e.g. WRB, WRB Hidden GAP, WRB Zone, WRB pt levels) being used here in the chat room via the WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[10:45:29] <wrbtrader> the volatility contraction in the Emini futures now is like watching paint trying to dry
[10:48:42] <wrbtrader> Forex EURUSD or EuroFX 6E futures found some stability within the range of the WRB Hidden GAP @ 0932am - 0934am est
[10:49:32] <wrbtrader> R area @ 1.2848 and S area @ 1.2836
[10:50:06] <wrbtrader> Forex EURUSD currently testing that R area
[10:53:48] <wrbtrader> Ever since Gold GC futures has been retracing back down through its WRB Hidden GAPs...
[10:54:09] <wrbtrader> Emini futures started trying to find some legs to stand up on.
[11:02:42] <wrbtrader> Shorts Light Crude Oil CL @ 96.10 -> medium size
[11:02:55] <wrbtrader> 5 contracts
[11:03:28] <wrbtrader> volatility increasing in other key markets that have long shadow intervals
[11:04:09] <wrbtrader> The most recent WRB Hidden GAP will help guide me in this trade
[11:04:21] <wrbtrader> WRB pt1 reached on the volatility spike
[11:05:06] <wrbtrader> Covered Light Crude Oil CL Short @ 95.83 --> + 0.27
[11:05:08] <wrbtrader> Holding 1 contract remainder
[11:05:29] <wrbtrader> may get "lucky" and catch a runner on that remaining contract
[11:07:20] <wrbtrader> Euro contracting volatility now...
[11:07:52] <wrbtrader> Watching Oil CL / Brent to see if they will respond to that contraction in Euro and produce another volatility spike
[11:08:09] <wrbtrader> trailing @ profit on the remainder contract
[11:08:19] <wrbtrader> now expecting a volatility spike
[11:08:26] <wrbtrader> hopefully it takes prices lower
[11:08:49] <wrbtrader> Euro still contracting in its volatility
[11:10:20] <wrbtrader> Emini futures contracting volatility below the S area (923.10) of the WRB Hidden GAP @ 1058am - 1100am est
[11:10:27] <wrbtrader> in reference to Emini TF futures
[11:10:55] <wrbtrader> Oil CL futures increasing volatility
[11:11:51] <wrbtrader> WRB pt2 reached on the remainder Oil CL contract
[11:12:05] <wrbtrader> I'm still holding
[11:12:28] <wrbtrader> Euro now trying to break below the lows of its own contracting volatility
[11:12:53] <wrbtrader> Covered Remainder Light Crude Oil CL Short @ 95.69 --> + 0.41
[11:13:54] <Zr1trader> Good one
[11:14:17] <wrbtrader> Got a ton of help from that volatility contraction in Euro
[11:14:58] <wrbtrader> Euro contraction in volatility more often than not tells me that volatility will soon show up in other key markets...
[11:15:35] <wrbtrader> Its like some big players temporarily get bored with Euro and try their hands at Oil CL or Eminis
[11:16:17] <Zr1trader> good observation.
[11:16:19] <wrbtrader> Likewise if Euro is spiking in volatility...I'm a lot more careful about the contraction in Oil Cl and the Emini futures
[11:18:33] <Zr1trader> Sometimes I feel like at 1:30 when RTH for CL and NG close that there is a pickup in eminis , alot of times that is the time I switch focus from oil to TF.
[11:19:11] <Zr1trader> so contracting vol in energy , seems like it gives a burst to eminis for a few min
[11:21:09] <Zr1trader> oil continues vol increase 3 min
[11:29:59] <wrbtrader> Yeah, I don't really understand why volatility moves around like that from one key market to another key market on a different exchange...
[11:30:42] <wrbtrader> The only relationship I get is via something I saw with my own two eyes whenever I visit a trading pal (institutional trader) at his firms office...
[11:31:11] <wrbtrader> The bond traders will stand up and tell the Euro traders that bonds were moving...
[11:31:33] <wrbtrader> Euro traders a few minutes later would yell and the Oil traders would pay attention...
[11:31:45] <wrbtrader> They went back in forth in the "same office"...
[11:32:04] <Zr1trader> It's little naunces like that are good to know... it makes sense.
[11:32:14] <wrbtrader> alerting each other so that they can help each other to let the other know what's starting to move.
[11:32:43] <wrbtrader> I figure if they were doing that, maybe other institutional trading firms were doing the same.
[11:33:10] <wrbtrader> Here's the scary part...
[11:33:36] <wrbtrader> The firm I visit manages Canada's pension funds for Hospitals, Schools and such.
[11:33:57] <wrbtrader> Meant...the bulk of the money they're trading with are via pension funds.
[11:34:10] <Zr1trader> and they trading CL lol? that doesn't seem fitting
[11:34:16] <wrbtrader> Yep
[11:34:45] <wrbtrader> Most of them are trading complex spreads stuff too and other stuff I really don't understand
[11:35:19] <wrbtrader> Regardless, I was a little numb to learn about the "source" of their trading funds.
[11:35:23] <Zr1trader> I wonder how many pensions are still trying to get their 8% a year even though gov't bonds are so low . Probably need to take bigger risks
[11:35:35] <wrbtrader> exactly
[12:22:55] <Zr1trader> GC vol spice
[12:25:56] <Zr1trader> CL vol spike
[12:46:26] <wrbtrader> Shorts Gold GC @ 1559.7 -> small size
[12:46:49] <wrbtrader> 1+1 contracts
[12:48:54] <wrbtrader> Covered all Gold GC Short @ 1558.0 --> + 1.7
[12:49:04] <wrbtrader> WRB pt1 reached
[13:04:34] <wrbtrader> I didn't expect this much volatility today...a nice surprise
[14:09:13] <Zr1trader> CL vol spike
[14:09:17] <Zr1trader> woofta
[14:37:34] <wrbtrader> Long Emini TF @ 916.70 -> small size
[14:37:43] <wrbtrader> 1 contract
[14:39:56] <wrbtrader> Long Emini TF @ 916.40 -> Add
[14:40:39] <wrbtrader> 1 added
[14:41:57] <wrbtrader> WRB pt1 reached
[14:42:19] <wrbtrader> Exited 1/2 Emini TF Long @ 918.10 --> + 1.7
[14:50:41] <wrbtrader> Exited Remainder Emini TF Long @ 918.50 --> + 1.8
[15:07:33] <wrbtrader> Emini TF futures volatility trying hard to expand above the R area of its most recent WRB Hidden GAP
[15:58:46] <wrbtrader> Shorts Emini TF @ 916.40 -> large size
[15:59:04] <wrbtrader> 6 contracts
[16:00:21] <wrbtrader> trailing @ profit
[16:00:26] <wrbtrader> WRB pt1 reached
[16:03:36] <wrbtrader> WRB pt1 @ 914.90 via the S area of the most recent WRB Hidden GAP
[16:09:27] <wrbtrader> Covered all Emini TF Short @ 915.80 --> + 0.6
[16:09:49] <wrbtrader> volatility spike above the recent contracting volatility...
[16:10:12] <wrbtrader> Back up the the R area (916.30) of the most recent WRB Hidden GAP
[16:10:29] <wrbtrader> Take care and see all tomorrow.
[16:10:41] <canaandog> u2
Session Close: Weds Apr 03 16:25:35 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 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
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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