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 Post subject: April 12th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Apr 12, 2013 8:51 pm 
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Location: Canada
Price Action Trading (no technical indicators)
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##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

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Attachment:
041213-Key-Price-Action-Markets.png
041213-Key-Price-Action-Markets.png [ 535.65 KiB | Viewed 269 times ]

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

Session Start: Fri Apr 12 06:52:38 2013
Session Ident: ##TheStrategyLab
[06:52:38] * Now talking in ##TheStrategyLab
[06:52:38] * 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'
[06:52:38] * Set by wrbtrader on Tue Feb 05 08:11:19
[06:52:39] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:14:19] <@wrbtrader> Shorts Light Crude Oil CL @ 91.51 -> large size
[09:14:47] <@wrbtrader> 6 contracts
[09:15:42] <@wrbtrader> Shorts Light Crude Oil CL @ 91.54 -> Add
[09:15:50] <@wrbtrader> 4 added
[09:18:30] <@wrbtrader> Covered Light Crude Oil CL Short @ 91.37 --> + 0.31
[09:18:36] <TigermanTrader> gm all
[09:18:53] <@wrbtrader> WRB pt1 reached
[09:18:56] <TigermanTrader> light trading x me today
[09:19:02] <@wrbtrader> holding 6 contract remainders
[09:19:08] <TigermanTrader> personal issue
[09:19:25] <TigermanTrader> and chart platform related
[09:19:33] <@wrbtrader> Covered Light Crude Oil CL Short @ 91.29 --> + 0.22
[09:19:38] <@wrbtrader> Holding 3 contract remainders
[09:30:48] <@wrbtrader> Covered Remainder Light Crude Oil CL Short @ 91.50 --> + 0.01
[09:31:33] <@wrbtrader> Was hoping to be able to hold these remaining 3 contracts as greed on top of the earlier big profitable contracts
[09:31:59] <@wrbtrader> Light Crude Oil CL futures increasing volatility
[09:32:03] <TigermanTrader> yeah right thing to do
[09:32:19] <TigermanTrader> but price recover up
[09:33:22] <diesel_> CL entry price?
[09:33:25] <@wrbtrader> Emini TF futures long upper shadow
[09:33:38] <@wrbtrader> [09:14:19] <@wrbtrader> Shorts Light Crude Oil CL @ 91.51 -> large size
[09:33:38] <@wrbtrader> [09:14:47] <@wrbtrader> 6 contracts
[09:33:38] <@wrbtrader> [09:15:42] <@wrbtrader> Shorts Light Crude Oil CL @ 91.54 -> Add
[09:33:38] <@wrbtrader> [09:15:50] <@wrbtrader> 4 added
[09:33:50] <diesel_> perfect - txs
[09:34:46] <TigermanTrader> cl wanna move up now
[09:40:55] <@wrbtrader> Emini TF futures above the recent long upper shadows
[09:43:38] <@wrbtrader> Emini TF futures back inside the range of the prior long upper shadow intervals
[09:44:46] <@wrbtrader> Light Crude Oil CL futures long lower shadow
[09:47:30] <@wrbtrader> Long Emini TF @ 943.00 -> large size
[09:47:38] <@wrbtrader> 6 contracts
[09:50:30] <canaandog> good morning
[09:51:56] <@wrbtrader> Oil CL futures back inside the range of the most recent long lower shadow
[09:54:05] <@wrbtrader> Exited all Emini TF Long @ 941.90 --> - 1.1
[09:54:31] <@wrbtrader> Shorts Light Crude Oil CL @ 91.44 -> large size
[09:54:56] <@wrbtrader> 10 contracts
[09:55:17] <@wrbtrader> 9 tick chaser in Oil CL futures...
[09:55:33] <@wrbtrader> late exiting the Emini TF losing trade
[09:55:45] <@wrbtrader> WRB pt1 reached
[09:55:53] <@wrbtrader> increasing volatility
[10:01:14] <@wrbtrader> Covered Light Crude Oil CL Short @ 91.22 --> + 0.22
[10:01:18] <@wrbtrader> Holding 3 contract remainders
[10:03:25] <@wrbtrader> I've been HEAVY on the position size so far this morning because of the important key market events since 0830am est
[10:03:52] <@wrbtrader> long lower shadows now showing up in key markets
[10:05:09] <@wrbtrader> volatility contraction now showing up...
[10:05:16] <TigermanTrader> short qm 91.300
[10:05:23] <@wrbtrader> I'm now expecting another volatility spike...
[10:05:32] <@wrbtrader> hopefully it takes prices lower
[10:05:51] <@wrbtrader> trailing @ profit
[10:08:03] <@wrbtrader> Covered Light Crude Oil CL Short @ 91.11 --> + 0.33
[10:08:07] <@wrbtrader> WRB pt2 reached and holding 2 contract remainders
[10:08:17] <TigermanTrader> cover qm short @ 91.150
[10:08:50] <TigermanTrader> + 0.15
[10:08:59] <@wrbtrader> Emini TF futures still stuck inside the range of those recent long lower shadows
[10:09:14] <TigermanTrader> creepy down on cl
[10:10:20] <@wrbtrader> That big price decline prior to 0830am est was a big clue about the volatility today when the regular trading session started
[10:10:32] <@wrbtrader> Wish I had been here around 0730am est
[10:12:12] <@wrbtrader> Oil CL futures really started its big down movement after the failed counter-thrust of 0220am est
[10:13:54] <@wrbtrader> Covered Remainder Light Crude Oil CL Short @ 91.24 --> + 0.2
[10:14:14] <@wrbtrader> Oil CL futures retesting the R area of the most recent down WRB Hidden GAP
[10:15:07] <@wrbtrader> Low of the most recent long lower shadow @ 91.17
[10:15:34] <@wrbtrader> Creeper Down Movement still active
[10:16:52] <TigermanTrader> iwm still contracting inside his recent lower shadow
[10:17:27] <@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
[10:18:22] <@wrbtrader> Shorts Light Crude Oil CL @ 91.16 -> small size
[10:18:28] <@wrbtrader> 3 contracts
[10:18:51] <@wrbtrader> WRB pt (shallow) reached
[10:19:00] <@wrbtrader> meant WRB pt1
[10:19:31] <@wrbtrader> Covered all Light Crude Oil CL Short @ 91.06 --> + 0.1
[10:21:10] <@wrbtrader> Shorts Emini TF @ 939.50 -> large size
[10:21:15] <@wrbtrader> 4+2
[10:22:16] <@wrbtrader> Emini TF below struggling to stay below its most recent long lower shadow
[10:23:21] <@wrbtrader> I'm going to need some help from other key markets because Emini TF having a lot of problems breaking that support area of the recent long lower shadow
[10:24:13] <@wrbtrader> Oil CL futures trying to find some legs to stand up on
[10:27:57] <@wrbtrader> Covered all Emini TF Short @ 939.60 --> - 0.1
[10:28:31] <@wrbtrader> Emini TF futures stuck inside a tight trading range
[10:29:00] <@wrbtrader> Light Crude Oil CL futures also in a low volatility tight trading range now.
[10:30:06] <canaandog> gc spike
[10:31:11] <@wrbtrader> Oil CL futures trying hard to get back above the support area (low) of that prior long lower shadow interval
[10:34:18] <@wrbtrader> Huge spike again in Gold GC futures
[10:36:22] <@wrbtrader> Shorts Light Crude Oil CL @ 91.09 -> small size
[10:36:48] <@wrbtrader> Oil CL back below the S area of that earlier mention long lower shadow
[10:36:52] <@wrbtrader> 91.17
[10:36:57] <@wrbtrader> 3 contracts
[10:37:03] <@wrbtrader> WRB pt1 reached
[10:37:37] <@wrbtrader> Covered all Light Crude Oil CL Short @ 90.87 --> + 0.22
[10:38:33] <diesel_> 91.17?
[10:39:15] <@wrbtrader> Emini TF futures still not responding to its breakout below the support area of that long enduring contracting volatility
[10:40:02] <@wrbtrader> 34 minutes of contraction in the volatility from 1000am est to 1034am est
[10:40:24] <canaandog> 91.17 is lower shadow @1000 2m
[10:41:21] <diesel_> txs
[10:41:42] <@wrbtrader> Still waiting for Eminis to react to the volatility surges in other key markets
[10:42:01] <@wrbtrader> Shorts Emini TF @ 938.10 -> large size
[10:42:34] <@wrbtrader> 6 contracts
[10:42:38] <@wrbtrader> :(
[10:42:40] <@wrbtrader> geeeesh
[10:42:55] <@wrbtrader> getting lucky so far after the bad entry
[10:44:16] <@wrbtrader> Covered all Emini TF Short @ 937.50 --> + 0.6
[10:44:42] <TigermanTrader> short IWM @93.35
[10:44:48] <@wrbtrader> Eminis now responding to the volatility spikes elsewhere in other key markets...
[10:45:17] <@wrbtrader> I was just too slow to get a decent entry to be able to give me enough "wiggle room" to keep that Short
[10:47:03] <@wrbtrader> Now you know why "position size management" is a key component of trading.
[10:47:15] <@wrbtrader> Knowing when to increase the size and when to decrease the size
[10:47:24] <@wrbtrader> lots of volatility today
[10:48:17] <@wrbtrader> I'm still in the red on my trades in Emini TF futures
[10:48:49] <TigermanTrader> cover IWM @ 93.15
[10:49:11] <TigermanTrader> +0.2
[10:49:43] <TigermanTrader> wow just a spike in my favor after the exit :(
[10:55:45] <TigermanTrader> short QM 90.625
[10:59:28] <TigermanTrader> cover QM @ 90.625
[11:00:02] <@wrbtrader> Gold GC futures retesting the support area of its most recent long lower shadow interval (2min chart)
[11:01:36] <@wrbtrader> Emini TF futures long Upper Shadow 1057am - 1100am est
[11:03:40] <@wrbtrader> Shorts Emini TF @ 934.70 -> medium size
[11:03:48] <@wrbtrader> 4 contracts
[11:05:39] <@wrbtrader> Gold bust is masking some big resource wins (MarketWatch.com) @ http://www.marketwatch.com/story/gold-b ... lcountdown
[11:06:51] <@wrbtrader> Covered all Emini TF Short @ 934.60 --> + 0.1
[11:07:09] <@wrbtrader> sidelined
[11:07:34] <@wrbtrader> will just watch awhile...got some distractions here at home
[11:08:47] <TigermanTrader> short QM 90.375
[11:10:08] <TigermanTrader> exit QM @ 90.350
[11:38:03] <@wrbtrader> Emini TF futures getting some help to the upside from the WRB Hidden GAP @ 1126am - 1128am est
[11:41:22] <@wrbtrader> High of price of Oil CL futures most recent long upper shadow @ 90.87
[11:52:06] <Zr1trader> ahhh, the one day I sleep in late gold vol is big. :(
[11:52:51] <@wrbtrader> I'm glad Gold GC futures moved strongly during the regular session...
[11:53:03] <@wrbtrader> It brought some good volatility into the markets
[11:55:30] <@wrbtrader> Emini TF futures has retraced back upwards back inside the range of the earlier mentioned 34 minute long enduring low volatility trading range
[12:04:27] <TigermanTrader> take care all see all tomorrow
[12:04:38] <@wrbtrader> take care
[12:05:56] <TigermanTrader> thanks :)
[12:22:38] <@wrbtrader> Shorts Light Crude Oil CL @ 90.86 -> medium size
[12:22:49] <@wrbtrader> 5 contracts
[12:26:34] <@wrbtrader> Covered all Light Crude Oil CL Short @ 90.85 --> + 0.01
[12:26:38] <@wrbtrader> :(
[12:31:31] <MattR_> firstib
[12:31:48] <MattR_> oops. Wrong window.
[12:35:26] * Robert_ is now known as Guest47651
[12:35:59] <Guest47651> hello
[12:36:02] <@wrbtrader> Price action has slowed down a lot now.
[12:36:07] <@wrbtrader> Hey Guest
[12:47:55] <@wrbtrader> Shorts Emini TF @ 90.92 -> medium size
[12:48:02] <@wrbtrader> 4 contracts
[12:50:35] <@wrbtrader> range getting tighter for Oil CL futures
[12:50:52] <@wrbtrader> same with Emini ES, TF futures too
[12:52:39] <Guest47651> hi im confused my tf shows 937 i dont understand the 90.92 sorry its my first day
[12:53:17] <@wrbtrader> Its Light Crude Oil CL...script still stuck on my last trade (Emini TF)
[12:53:25] <Guest47651> oh kk
[12:53:27] <@wrbtrader> It's clear itself as Oil on the exit
[12:54:25] <@wrbtrader> volatility declining in Oil CL futures
[12:55:08] <@wrbtrader> tightning stop/loss protection
[12:55:53] <@wrbtrader> long upper shadow intervals showing up in Oil CL futures
[12:56:36] <@wrbtrader> range getting tighter
[12:57:07] <@wrbtrader> same with Brent Oil futures too
[12:57:51] <@wrbtrader> now looking for a Houdini Escape out of this trade...
[12:58:02] <@wrbtrader> I don't like what's developing now in the price action
[12:59:19] <@wrbtrader> Covered all Light Crude Oil CL Short @ 91.00 --> - 0.08
[13:01:45] <@wrbtrader> Shorts Light Crude Oil CL @ 91.02 -> medium size
[13:01:51] <@wrbtrader> 2+2
[13:02:19] <@wrbtrader> retest of the recent long upper shadow intervals
[13:02:30] <@wrbtrader> re-entry
[13:03:49] <@wrbtrader> that range in Oil CL futures tighten up a little more on declining volatility
[13:04:01] <@wrbtrader> I'm now expecting a volatility spike...
[13:04:06] <@wrbtrader> hopefully not against my Short
[13:04:14] <@wrbtrader> tightning stop/loss protection
[13:05:05] <@wrbtrader> increasing volatility in Forex EurUsd and EurexFX 6E futures
[13:05:20] <@wrbtrader> Covered all Light Crude Oil CL Short @ 91.00 --> + 0.02
[13:05:58] <@wrbtrader> sidelined...will watch to see which direction that pending volatility spike will push Oil CL futures
[13:07:30] <@wrbtrader> Too bad Gold GC futures is quiet now...other key markets need a boost to their volatility via a spark from Gold GC
[13:23:57] <Guest47651> YM filled gap then moved 25 points lower
[13:40:30] <@wrbtrader> Current low volatility not allowing much movement in most key markets...just for scalpers of ticks.
[13:47:03] <@wrbtrader> Long Light Crude Oil CL @ 91.31 -> medium size
[13:47:10] <@wrbtrader> 4 contracts
[13:47:17] <@wrbtrader> volatility surge in Oil CL futures
[13:47:45] <@wrbtrader> breakout above the long upper shadow interval @ 1232pm - 1234pm est
[13:48:09] <@wrbtrader> WRB pt1 reached
[13:48:24] <@wrbtrader> Exited all Light Crude Oil CL Long @ 91.38 --> + 0.07
[13:49:02] <@wrbtrader> That price action moved too fast for me to react to it...
[13:49:15] <@wrbtrader> signal @ 91.17
[13:49:45] <@wrbtrader> had to exit at the WRB pt1 based upon 91.17 even though my entry was 91.31
[13:50:27] <@wrbtrader> at least its above the range of the low volatility tight trading range
[13:50:43] <Zr1trader> Yeah on my 55 tick chart it bursted fast during that time you mentioned
[13:52:05] <Zr1trader> That chart hlps me notice vol increase right when it spikes It kind of acts as an alert that vol is coming .
[13:52:56] <@wrbtrader> Lets see how that WRB Hidden GAP @ 1346pm - 1348pm est in Oil CL futures will behave after the WRB Hidden GAP before it did the breakout.
[13:53:37] <@wrbtrader> Yeah, I had my finger on the buy button @ 91.22
[13:53:56] <@wrbtrader> I blinked once and then it was @ 91.30 :(
[13:54:52] <Zr1trader> Yeah , all the earlier shorts for the day probably had stops there causing that.
[13:54:55] <@wrbtrader> Shorts Light Crude Oil CL @ 91.33 -> medium size
[13:55:00] <@wrbtrader> 4 contracts
[13:55:26] <@wrbtrader> 91.20 is my target
[13:55:56] <@wrbtrader> that's the S area (Open) of the earlier mentioned WRB Hidden GAP on the 2min chart
[13:56:41] <@wrbtrader> still holding
[13:57:17] <@wrbtrader> Covered all Light Crude Oil CL Short @ 91.30 --> + 0.03
[13:58:07] <Zr1trader> earlier I had said I wish I hadn't missed the gold move, oil has a 3 dollar range too today , wow
[13:58:22] <@wrbtrader> thought I can get a "little lucky" and watch it drop lower to a WRB pt2 via the prior WRB Hidden GAP
[14:02:31] <@wrbtrader> Long Light Crude Oil CL @ 91.56 -> large size
[14:02:37] <@wrbtrader> 4+1
[14:02:51] <@wrbtrader> breakout again above a long upper shadow
[14:03:44] <Zr1trader> 6E vol increase too
[14:03:46] <@wrbtrader> need to be careful
[14:04:05] <@wrbtrader> less volatility on this breakout in comparison to the prior volatility breakout
[14:04:25] <@wrbtrader> higher prices on lower volatility expansion
[14:04:31] <@wrbtrader> tightning stop/loss protection
[14:05:36] <@wrbtrader> Exited all Light Crude Oil CL Long @ 91.60 --> + 0.04
[14:05:51] <@wrbtrader> tight trail didn't last long :(
[14:06:18] <@wrbtrader> another missed opportunity for a WRB pt1
[14:06:32] <@wrbtrader> don't get too many of those in Oil CL futures this late in the day
[14:08:03] <@wrbtrader> Emini TF futures just sitting there like it is lost during the volatility change in Oil CL futures
[14:08:19] <@wrbtrader> Eventually the Eminis will pay attention
[14:09:00] <@wrbtrader> WRB pt1 reached in Oil CL @ 91.80 without me on board
[14:15:35] <@wrbtrader> 91.72 area looks good
[14:16:38] <@wrbtrader> looks like too much of a struggle for it to get there
[14:17:10] <@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
[14:21:06] <@wrbtrader> Shorts Emini TF @ 938.10 -> medium size
[14:21:12] <@wrbtrader> 4 contracts
[14:22:15] <@wrbtrader> been struggling all day in my Emini TF futures trades
[14:24:11] <@wrbtrader> geeesh...dead in the water
[14:28:19] <@wrbtrader> WRB pt1 (shallow) reached
[14:32:06] <@wrbtrader> Covered all Emini TF Short @ 937.00 --> + 1.1
[14:33:29] <@wrbtrader> I'm not sure why Emini futures and other markets are slow to react to all that volatility in Light Crude Oil CL futures.
[14:43:02] <@wrbtrader> Shorts Light Crude Oil CL @ 91.19 -> small size
[14:43:13] <@wrbtrader> 2 contracts
[14:45:16] <@wrbtrader> commissions still has me in the red on my Emini TF futures trades...
[14:46:03] <@wrbtrader> Will wait for the 4pm est rush hour traffic volatility (hopefully it shows up) to see if it can get me green in my Emini TF trades
[14:47:05] <@wrbtrader> Oil CL futures slowing climbing the range of that most recent long upper shadow interval :(
[14:49:56] <@wrbtrader> don't like the price action now in the Light Crude Oil CL futures...
[14:50:13] <@wrbtrader> I'm now looking for a Houdini Escape.
[14:53:52] <@wrbtrader> Covered all Light Crude Oil CL Short @ 91.19 --> 0
[14:54:08] <@wrbtrader> could have been worst
[14:54:32] <@wrbtrader> sideline until volatility shows up in any of the key markets
[14:56:17] <@wrbtrader> Forex EurUsd currency volatility spike
[15:13:36] <@wrbtrader> volatility surging in several different key markets
[15:46:35] <@wrbtrader> lots of volatility contraction after the big WRB of 1516pm - 1518pm est
[15:56:02] <@wrbtrader> Long Emini TF @ 940.30 -> large size
[15:56:16] <@wrbtrader> 3+3
[15:56:54] <Zr1trader> 6E eur/usd vol again
[15:57:03] <@wrbtrader> Yeah :(
[15:57:16] <@wrbtrader> wish I had notice it 30 seconds earlier
[15:57:29] <@wrbtrader> would have waited for Emini TF to settle a little
[16:00:11] <@wrbtrader> Exited all Emini TF Long @ 939.80 --> - 0.5
[16:00:59] <@wrbtrader> Long Emini TF @ 939.40 -> large size
[16:01:10] <@wrbtrader> 6 contracts
[16:01:24] <@wrbtrader> thanks Euro :(
[16:01:44] <@wrbtrader> it sucked the air out of the Eminis on the 4pm est close
[16:03:02] <@wrbtrader> Yep, the ballon has deflated
[16:03:48] <@wrbtrader> Overall a lot of trade opportunities in Light Crude Oil CL futures...profits mainly there
[16:04:03] <@wrbtrader> wish I had traded Gold GC futures
[16:04:20] <@wrbtrader> Instead, just watched it as a bleacher fan
[16:06:24] <@wrbtrader> Exited 1/2 Emini TF Long @ 939.70 --> + 0.3
[16:06:38] <@wrbtrader> Exited Remainder Emini TF Long @ 939.60 --> + 0.2
[16:08:16] <@wrbtrader> Take care all...time to go get the kids and get them to their soccer practice.
[16:08:22] <@wrbtrader> Enjoy the weekend
[16:08:29] * wrbtrader is now known as wrbtrader_away
* Gold plunges 5%, below $1500 @ http://buzz.money.cnn.com/2013/04/12/gold-plunges/
Session Close: Fri Apr 12 18:23:46 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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