Login    Forum    Search    FAQ

Post new topic Reply to topic Bookmark and Share  [ 1 post ] 
Author Message
 Post subject: April 16th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Apr 16, 2013 2:41 pm 
Trader / Forum Admin

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.

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.

041613-Key-Price-Action-Markets.png [ 530.37 KiB | Viewed 191 times ]

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

Session Start: Tue Apr 16 06:56:38 2013
Session Ident: ##TheStrategyLab
[06:56:38] * Now talking in ##TheStrategyLab
[06:56:38] * 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'
[06:56:38] * Set by wrbtrader on Tue Feb 05 08:11:19
[06:56:38] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:20:20] <diesel> gm
[09:32:56] <diesel> all quiet?
[09:37:22] <wrbtrader> Yep
[09:38:15] <wrbtrader> Yesterday was a TON of volatility
[09:38:48] <wrbtrader> rarely do you see back to back days like that unless something really is bad on a consistent basis
[09:39:24] <diesel> txs
[09:52:32] <wrbtrader> Shorts Emini TF @ 909.80 -> large size
[09:52:40] <wrbtrader> 9 contracts
[09:57:01] <wrbtrader> WRB pt1 reached
[09:57:36] <wrbtrader> Covered Emini TF Short @ 908.40 --> + 1.4
[09:57:38] <wrbtrader> Holding 4 contract remainders
[10:00:35] <wrbtrader> Covered Remainder Emini TF Short @ 909.60 --> + 0.2
[10:02:37] <wrbtrader> Shorts Emini TF @ 909.00 -> medium size
[10:02:50] <wrbtrader> Key market events today @ 1000am, 1200pm, 1500pm est
[10:02:58] <wrbtrader> 4 contracts
[10:03:05] <wrbtrader> re-entry
[10:05:13] <@wrbtrader> volatility spike
[10:06:50] <@wrbtrader> Covered all Emini TF Short @ 910.60 --> - 1.6
[10:07:22] <@wrbtrader> price action back inside the range of the WRB Hidden GAP @ 0944am - 0946am est
[10:08:25] <@wrbtrader> Light Crude Oil CL futures low volatility tight trading range since the 0930am est regular session open
[10:13:41] <@wrbtrader> Shorts Light Crude Oil CL @ 87.91 -> large size
[10:13:54] <@wrbtrader> 6 contracts
[10:14:24] <canaandog> good morning
[10:15:32] <@wrbtrader> WRB pt1 reached
[10:15:51] <@wrbtrader> Covered all Light Crude Oil CL Short @ 87.77 --> + 0.14
[10:23:53] <@wrbtrader> Hi Antonio
[10:28:49] <@wrbtrader> volatility spike in Euro
[10:30:56] <Antonio_> Hi, how's it going?
[10:31:17] <@wrbtrader> normal trading day
[10:31:45] <@wrbtrader> lots of contraction in the volatility keeping some key markets range bound
[10:34:28] <@wrbtrader> Forex EurUsd WRB Hidden GAP (1026am - 1028am est) breakout of its most recent reaction point (1004am - 1006am est)
[10:36:11] <Antonio_> Thanks for pointing it out. It is a lot easier to see with live examples.
[10:36:31] <@wrbtrader> Agree...
[10:36:55] <@wrbtrader> A long time ago I use to post real-time charts but that took too much time away from my own trading.
[10:37:13] <@wrbtrader> Now I just post commentaries with the specific (exact) times of the key price action
[10:37:32] <@wrbtrader> Simply, I can write faster than posting charts
[10:40:25] <Antonio_> Makes sense. This is good enough.
[10:47:28] <@wrbtrader> Gold GC futures long upper shadow intervals in the current contracting volatility (past 15 minutes)
[10:48:06] <@wrbtrader> WRB Analysis -> - Your use of this chat room implies you're using concepts from WRB Analysis for price action trading 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.
[10:49:07] <@wrbtrader> Greece to Cut 15,000 Jobs as Part of Bailout Terms (IBT) @ http://www.ibtimes.com/greece-cut-15000 ... s-1194625#
[10:52:59] <@wrbtrader> Shorts Emini TF @ 908.80 -> small size
[10:53:08] <@wrbtrader> 2 contracts
[10:55:54] <@wrbtrader> increasing volatility
[10:57:02] <@wrbtrader> Covered all Emini TF Short @ 910.70 --> - 1.9
[10:58:22] <@wrbtrader> price action back inside the prior contracting volatility of 1012am - 1036am est
[11:00:43] <Zr1trader> GC vol. e min, 5 min
[11:00:44] <@wrbtrader> Long Emini TF @ 912.10 -> large size
[11:00:54] <@wrbtrader> 7 contracts
[11:01:03] <@wrbtrader> volatility still increasing
[11:07:10] <@wrbtrader> retracement of the WRB Hidden GAP
[11:07:33] <@wrbtrader> back inside the range of that earlier mentioned "contracting volatility"
[11:07:46] <@wrbtrader> Looks like that price area is going to be problematic all day
[11:10:45] <@wrbtrader> nice spin around into another UP WRB Hidden GAP
[11:10:53] <@wrbtrader> WRB pt1 reached
[11:11:25] <@wrbtrader> Exited Emini TF Long @ 913.40 --> + 1.3
[11:11:27] <@wrbtrader> Holding 3 contracts
[11:12:51] <@wrbtrader> Yesterday produced many WRB pt3 - pt5 trades
[11:13:18] <@wrbtrader> Today, will be lucky to get a WRB pt2 unless breaking news or key market event occurs
[11:15:19] <@wrbtrader> Exited Remainder Emini TF Long @ 915.30 --> + 3.2
[11:15:24] <@wrbtrader> WRB pt2 reached
[11:16:08] <diesel> nice call
[11:17:41] <@wrbtrader> The key on that trade was the "position size management".
[11:18:37] <@wrbtrader> The prior losing trade help setup that winner
[11:18:55] <@wrbtrader> that losing trade had the following:
[11:19:04] <@wrbtrader> 1) increasing volatility
[11:19:16] <@wrbtrader> 2) WRB Hidden GAP
[11:20:02] <@wrbtrader> 3) No fills (complete retracement) of the WRB Hidden GAP especially when it enter the price area of a recent contracting volatility
[11:20:28] <@wrbtrader> Started smelling like buyers were showing up
[11:21:36] <@wrbtrader> I doubt I would have noticed all of that had I not been in that Short position before the Long position
[11:21:55] <@wrbtrader> I tend to do a TON of analysis when a trade is going "against" me.
[11:22:17] <@wrbtrader> Whereas, if its going in my favor...I tend to get "complacent" (lazy)
[11:23:02] <@wrbtrader> Unless there's a key market event
[11:23:10] <@wrbtrader> Those things keep me on my toes
[11:25:26] <Zr1trader> and being on both sides of the trade gets you a feel for the market IMO .....an example from old trading book..... ie, old man sells 1000 sees how market act, then buys 10,000
[11:26:49] <Zr1trader> especially if it is hard to get filled, that tells you about supply /demand in that moment
[11:34:27] <@wrbtrader> Zr1trader...exactly
[12:53:35] <@wrbtrader> Gold futures up nearly 2% after sharp selloff (MarketWatch) @ http://www.marketwatch.com/story/gold-a ... 2013-04-16
[12:53:55] <@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
[14:35:47] <@wrbtrader> Shorts Gold GC @ 1378.30 -> small size
[14:35:55] <@wrbtrader> 1 contract
[14:38:01] <@wrbtrader> Covered Gold GC Short @ 1378.00 --> + 0.3
[14:38:15] <@wrbtrader> Houdini Escape out of the trade error
[14:38:44] <@wrbtrader> Also, I'm surprised at the spread and chop in such "low volatility".
[14:38:59] <@wrbtrader> Usually when something does such...theres a volatility spike aroung the corner
[14:40:39] <@wrbtrader> Shorts Gold GC @ 1376.30 -> medium size
[14:40:47] <@wrbtrader> 4 contracts
[14:40:53] <@wrbtrader> volatility spike
[14:41:06] <@wrbtrader> re-entry
[14:41:45] <@wrbtrader> expansion
[14:42:46] <@wrbtrader> WRB pt1 reached
[14:43:36] <@wrbtrader> tighten trail
[14:48:20] <@wrbtrader> trailing @ profit
[14:54:05] <@wrbtrader> still holding for a WRB pt2
[14:54:09] <@wrbtrader> volatility contracting
[14:55:13] <@wrbtrader> Covered all Gold GC Short @ 1368.10 --> + 8.2
[14:55:23] <@wrbtrader> WRB pt2 reached
[15:21:46] <@wrbtrader> I now regret not concentrating on the price action trading of Gold GC futures all of these years especially from 2009 to the summer of 2011
[15:22:07] <@wrbtrader> I was too fixated on other trading instruments :(
[15:23:08] <@wrbtrader> Never get married to a trading instrument...gotta follow the money flow
[15:28:37] <diesel> just got back - you raised the dead with the gold trade!
[15:34:35] <@wrbtrader> Can't ignore that type of volatility...we just may not see it again for the rest of the year.
[15:53:00] <@wrbtrader> Emini futures in a creeper up movement
[15:59:27] <@wrbtrader> Nice volatility spike for Emini TF futures into the 4pm est rush hour traffic
[16:02:45] <@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
[16:03:26] <@wrbtrader> Take care all and see all tomorrow
[16:03:35] * wrbtrader is now known as wrbtrader_away
[16:03:50] <diesel> txs be well
[16:07:24] <winmax60> thanks...wrbtrader... :-))


##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
Go Back To TheStrategyLab.com Homepage

 Profile E-mail  
Display posts from previous:  Sort by  
Post new topic Reply to topic Bookmark and Share  [ 1 post ] 

Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr