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 Post subject: April 11th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Apr 12, 2013 8:50 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
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

Note: ##TheStrategyLab chat room is now located on the Freenode IRC network after moving from the Othernet IRC network.

Attachment:
041113-Key-Price-Action-Markets.png
041113-Key-Price-Action-Markets.png [ 529.56 KiB | Viewed 264 times ]

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

Session Start: Thu Apr 11 09:18:25 2013
Session Ident: ##TheStrategyLab
[09:18:25] * Now talking in ##TheStrategyLab
[09:18:25] * 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'
[09:18:25] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:18:25] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:37] <wrbtrader> Good morning all
[09:31:56] <canaandog> gm
[09:32:20] <Zr1trader> Good morning traders
[09:34:33] <wrbtrader> Long Upper Shadow prior interval on 2min and 3min chart
[09:34:43] <wrbtrader> Shorts Emini TF @ 942.10 -> large size
[09:34:58] <wrbtrader> 10 contracts
[09:35:21] <wrbtrader> 3 tick chaser
[09:36:35] <Zr1trader> Short TF 942.1 2 contracts
[09:37:01] <wave1> look for L side on pb ..bias today
[09:37:16] <wrbtrader> Emini TF futures trying to clim back upwards into the range of the mentioned prior Long Upper Shadow
[09:38:06] <wrbtrader> Range = 943.40 - 942.40
[09:38:57] <wrbtrader> Key Market Events remaining @ 1000am, 1030am, 1300pm and 1430pm est
[09:39:15] <wrbtrader> contracting volatility
[09:39:22] <wrbtrader> tighting stop/loss protection
[09:39:31] <wrbtrader> this is going to move fast here soon
[09:40:28] <wrbtrader> Light Crude Oil CL futures still showing some weakness
[09:41:43] <wrbtrader> another Long Upper Shadow on Emini TF
[09:41:52] <Zr1trader> GC increasing vol upside
[09:42:05] <wrbtrader> :(
[09:42:17] <wrbtrader> Other key markets volatility moving...not Emini TF
[09:42:19] <wrbtrader> :(
[09:42:30] <wrbtrader> Simply, I'm in the wrong trading instrument right now
[09:44:07] <wrbtrader> price action climbing
[09:44:55] <wrbtrader> I wanted to hold this trade into the 1000am est key market event
[09:45:04] <wrbtrader> doesn't look like it will make it
[09:46:00] <wrbtrader> Covered all Emini TF Short @ 942.60 --> - 0.5
[09:47:00] <wrbtrader> Emini TF above the S area of the WRB Hidden GAP @ 0840am - 0842am est
[09:47:13] <wrbtrader> S area @ 943.10
[09:47:24] <Zr1trader> exit all - 14 tick
[09:47:33] <TigermanTrader> gm all
[09:47:45] <TigermanTrader> no trading today x me
[09:47:51] <wrbtrader> R area @ 943.90
[09:47:55] <TigermanTrader> too busy
[09:48:11] <TigermanTrader> just here to test mirc
[09:48:26] <TigermanTrader> simply got some problem yesterday
[09:48:43] <wave1> biab geez @offfice
[09:49:03] <TigermanTrader> I ll try trillian to have 2nd option
[09:57:52] <wave1> back
[10:03:17] <wave1> L nq 47
[10:04:23] <wrbtrader> Long Emini TF @ 946.00 -> large size
[10:04:28] <wrbtrader> 5+2
[10:04:44] <wrbtrader> 4 tick chaser
[10:05:01] <wrbtrader> now it drops to where I was trying to get filled @
[10:05:02] <wrbtrader> :(
[10:05:26] <wrbtrader> Exited all Emini TF Long @ 945.60 --> - 0.4
[10:05:57] <wrbtrader> Long Emini TF @ 945.30 -> large size
[10:06:11] <wrbtrader> 4+6
[10:06:18] <Zr1trader> I missed my fill in YM for long ...price just kept going...
[10:06:25] <wave1> out 48.5 nq
[10:06:58] <wrbtrader> 3 ticks under the prior fill price I was trying to get @ 945.60
[10:07:22] <wave1> nq weak struggle here
[10:07:43] <wrbtrader> need 947.00 to make it worth trading Emini TF so far and not Gold GC futures
[10:10:02] <wrbtrader> Long Upper Shadows showing up on Emini TF
[10:11:24] <wrbtrader> Light Crude Oil CL futures "creeping" higher...back above the WRB Hidden GAP @ 0920am - 0922am est
[10:17:29] <wave1> mkt struggle
[10:18:15] <wrbtrader> Eminis starting to show more signs of volatility contractions along with other key markets now :(
[10:19:48] <wrbtrader> simply, with everybody contracting now...more difficulty in finding the trading instrument with increasing volatility
[10:26:43] <wrbtrader> :(
[10:27:37] <wrbtrader> WRB pt1 reached
[10:27:58] <wrbtrader> decision time...exit or hold for that 947 area
[10:28:21] <wrbtrader> trailing @ profit
[10:28:24] <wrbtrader> will hold
[10:29:43] <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
[10:30:04] <Zr1trader> buy the dippers in the morning have been right on ym past 4 days, if today closes up it will be 5, At some point you'd think they get a little surprise to downside lol
[10:35:21] <wrbtrader> Exited all Emini TF Long @ 945.70 --> + 0.4
[10:37:30] <wrbtrader> starting to look like a stop runner via that big down WRB that took me out of the trade.
[10:39:05] <wave1> nq struggle ...dull
[10:41:15] <wrbtrader> Long Emini TF @ 945.90 -> medium size
[10:41:20] <wrbtrader> 4 contracts
[10:41:22] <wrbtrader> re-entry
[10:41:49] <wrbtrader> we need another FED leak...one that'll push prices higher :)
[10:42:44] <wrbtrader> If that was a broker that had "leaked" inside info...he'll be arrested and thrown in jail for 2 - 5 years or under house arrest.
[10:42:53] <wrbtrader> Only the FED can do such legally :)
[10:43:47] <Zr1trader> I like how they acted like they were going to have the "feds" investigate the "feds" lol
[10:44:02] <wrbtrader> :)
[10:45:07] <Zr1trader> Then they throw Martha Stewart in the slammer. lol but let half these guys way worse get off scott free
[10:45:15] <wrbtrader> WRB pt1 reached @ 947.10
[10:45:37] <wrbtrader> still holding
[10:47:24] <wrbtrader> Exited all Emini TF Long @ 947.00 --> + 1.1
[10:53:30] <diesel> choppy
[10:59:28] <diesel> nice TF long
[11:00:15] <wrbtrader> Emini TF futures and other Emini futures making folks work hard to stay in their longs.
[11:00:25] <wrbtrader> Emini ES futures moving up nicely now...
[11:00:33] <wrbtrader> All Emini futures in Creeper Up Movements
[11:12:14] <Zr1trader> Long GC 1565.7 1 contract
[11:21:04] <Zr1trader> exit -24 ticks
[11:21:28] <wrbtrader> Light Crude Oil CL futures struggling to break free of its contracting volatility
[11:21:44] <wrbtrader> Emini futures still in a Creeper UP Movement
[11:22:29] <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
[11:25:01] <wrbtrader> As yen slides, 1998 stands as warning to markets (MarketWatch) @ http://www.marketwatch.com/story/as-yen ... tory_kiosk
[11:26:33] <wrbtrader> Rehn Calls Out France as Weak Link in Eurozone (IB Times) @ http://www.ibtimes.com/rehn-calls-out-f ... ne-1185957
[11:38:21] <wrbtrader> Emini TF futures retesting the WRB Hidden GAP of 1054am - 1056am est
[11:43:47] <TigermanTrader> take care all see all next time
[11:49:50] <wrbtrader> Shorts Emini TF @ 947.60 -> small size
[11:50:00] <wrbtrader> 1 contract
[11:50:28] <wrbtrader> Mid day trading session and I'm barely profitable...
[11:50:35] <wrbtrader> reason for the 1 contract trade
[11:51:04] <wrbtrader> plus been having difficulty in today's Emini TF futures trades
[11:56:14] <wrbtrader> correction
[11:56:28] <wrbtrader> Shorts Emini TF @ 946.60 -> small size
[11:57:31] <wrbtrader> price trying hard to break above the range of the contracting volatility
[12:26:26] <wrbtrader> Covered Emini TF Short @ 946.20 --> + 0.4
[12:26:36] <wrbtrader> WRB pt1 (shallow) reached :(
[14:03:04] <dieel> mkts quiet
[14:03:58] <wrbtrader> mid day trading session usually is very calm...low volatility unless there's breaking news or any other key market event
[14:07:14] <dieel> txs
[15:31:16] <dieel> dfd?
[15:31:47] <wrbtrader> what's a dfd?
[15:36:05] <wrbtrader> Emini TF futures trying to break below its most recent contracting volatility
[15:39:51] <dieel> done for the day (dfd)
[15:53:26] <wrbtrader> so far a boring 4pm est rush hour traffic setting up
[15:53:32] <wrbtrader> hopefully volatility shows up
[15:59:04] <wrbtrader> Long Emini TF @ 944.60 -> large size
[15:59:14] <wrbtrader> 6 contracts
[15:59:58] <wrbtrader> Exited all Emini TF Long @ 944.10 --> - 0.5
[16:00:56] <wrbtrader> calm close
[16:02:39] <wrbtrader> Calm enough for a swing trade but I'm not interested in holding any thing overnight going into tomorrow's key market events
[16:03:13] <wrbtrader> Overall a very quiet trading day.
[16:03:26] <dieel> txs
[16:03:28] <wrbtrader> Take care all and see all tomorrow.
[16:03:37] <dieel> yes
Session Close: Thu Apr 11 17:35:13 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 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 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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