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 Post subject: April 17th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Apr 17, 2013 10:00 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)
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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

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

Attachment:
041713-Key-Price-Action-Markets.png
041713-Key-Price-Action-Markets.png [ 518.44 KiB | Viewed 259 times ]

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

Session Start: Wed Apr 17 07:27:26 2013
Session Ident: ##TheStrategyLab
[07:27:26] * Now talking in ##TheStrategyLab
[07:27:26] * 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'
[07:27:26] * Set by wrbtrader on Tue Feb 05 08:11:19
[07:27:26] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:58:28] <diesel_> hubba hubba
[09:36:37] <wave__> gm all
[09:39:32] <wave__> L 54.75 e
[09:39:35] <wave__> es
[09:40:56] <wave__> out -1.5
[09:42:46] <wave__> L 53 es
[09:43:50] <wave__> out b/e struggle
[09:43:53] <wave__> will wait
[09:50:22] <canaandog> good morning
[09:52:04] <wrbtrader> Emini TF futures back inside the range of the opening minute
[09:53:42] <wrbtrader> Shorts Emini TF @ 910.70 -> medium size
[09:53:47] <wrbtrader> 4 contracts
[09:53:51] <wrbtrader> 2+2
[09:54:52] <wave__> dang it what a up move
[09:57:41] <wrbtrader> pending 1000am est key market event
[09:59:23] <wrbtrader> WRB pt1 (shallow) reached
[09:59:43] <wave__> banks so weak
[09:59:55] <wrbtrader> trying to hold this through the key market event of Canada rate announcement
[10:02:00] <wrbtrader> EuroFX 6E futures and Forex EURUSD currenty increasing volatility
[10:02:28] <wrbtrader> Covered all Emini TF Short @ 910.60 --> + 0.1
[10:03:40] <wrbtrader> Shorts Emini TF @ 909.70 -> large size
[10:03:48] <wrbtrader> 6 contracts
[10:03:51] <wrbtrader> re-entry
[10:04:01] <wrbtrader> same price action
[10:04:29] <wrbtrader> WRB pt1 (shallow) reached
[10:05:03] <wrbtrader> Emini TF putting up a big fight in preventing a volatility spike downwards
[10:06:10] <wrbtrader> Gold GC futures price action trading starting to struggle
[10:11:01] <wrbtrader> Canada rate still remains unchange @ 1%
[10:11:34] <wrbtrader> meant Canada Interest Rate announcement remains @ 1%
[10:15:45] <wrbtrader> WRB pt2 reached
[10:20:26] <@wrbtrader> Covered Emini TF Short @ 905.60 --> + 4.1
[10:20:28] <@wrbtrader> Holding 1 contract remainder
[10:20:46] <@wrbtrader> WRB pt3 reached
[10:21:15] <diesel_> super trade
[10:23:36] <@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.
[10:26:45] <wave__> bsck vn N
[10:28:38] <@wrbtrader> trailing @ profit
[10:28:44] <@wrbtrader> contracting volatility
[10:28:51] <@wrbtrader> I'm now expecting another volatility spike
[10:29:00] <@wrbtrader> hopefully it takes prices downward
[10:29:05] <@wrbtrader> not upwards
[10:31:30] <@wrbtrader> WRB pt4 reached
[10:32:18] <@wrbtrader> Covered Remainder Emini TF Short @ 903.60 --> + 6.1
[10:36:52] <@wrbtrader> EuroFX 6E futures and Emini futures in a slow steady "Creeper Down Movement"
[10:37:33] <@wrbtrader> Light Crude Oil CL futures now starting to increase its volatility on prices to the downside
[10:39:26] <@wrbtrader> Euro and Eminis selling off because of comments by the IMF (International Monetary Fund)
[10:39:47] <@wrbtrader> IMF warns central banks about asset bubbles (CBCNews) @ http://www.cbc.ca/news/business/story/2 ... lobal.html
[10:42:28] <@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
[10:59:52] <wave__> mioght get really ugly today
[11:04:47] <@wrbtrader> Blame it on the IMF
[11:04:53] <@wrbtrader> :)
[11:05:16] <@wrbtrader> Gold GC futures holding up today
[11:06:10] <@wrbtrader> Forex EURUSD price action trading has lots of WRB Hidden GAPs sitting above current levels...unfilled
[11:06:19] <@wrbtrader> That's a lot of overhead resistance
[11:14:03] <@wrbtrader> Shorts Emini TF @ 897.50 -> small size
[11:14:13] <@wrbtrader> 2 contracts
[11:15:14] <@wrbtrader> Emini TF price action trading above the most recent long upper shadow
[11:15:39] <@wrbtrader> Covered all Emini TF Short @ 898.10 --> - 0.6
[11:16:40] <@wrbtrader> Shorts Emini TF @ 897.60 -> small size
[11:16:46] <@wrbtrader> 3 contracts
[11:16:52] <@wrbtrader> re-entry
[11:17:17] <@wrbtrader> Emini TF futures price action trading getting choppy and back below the high of that most recent long upper shadow
[11:17:52] <@wrbtrader> increasing volatility
[11:19:48] <@wrbtrader> contracing volatility now :(
[11:20:06] <@wrbtrader> looks like Emini TF futures trying to find some legs to stand up on
[11:20:14] <@wrbtrader> tightning stop/loss protection
[11:20:29] <@wrbtrader> Covered all Emini TF Short @ 898.30 --> - 0.7
[11:25:56] <@wrbtrader> Emini TF inside the range of an unfilled WRB Hidden GAP
[11:28:33] <@wrbtrader> Long Emini TF @ 900.50 -> large size
[11:29:15] <@wrbtrader> 4+2
[11:29:53] <@wrbtrader> retest of the S area of that WRB Hidden GAP
[11:30:57] <@wrbtrader> price action now below that S area
[11:31:53] <@wrbtrader> Exited all Emini TF Long @ 899.50 --> - 1
[11:32:25] <@wrbtrader> R area of WRB Hidden GAP @ 902.50
[11:40:57] <@wrbtrader> Long Emini TF @ 899.60 -> large size
[11:41:10] <@wrbtrader> 6+3
[11:41:20] <@wrbtrader> re-entry
[11:41:47] <@wrbtrader> same price action with Emini TF futures trying to find some legs to stand up on
[11:54:53] <@wrbtrader> Exited 1/2 Emini TF Long @ 901.60 --> + 2
[11:54:57] <@wrbtrader> WRB pt1 reached
[11:55:21] <@wrbtrader> snap back "(
[11:55:34] <@wrbtrader> chop showing up now
[11:56:10] <@wrbtrader> may get a lucky Houdini Escape above the WRB pt1 on these remainders
[11:57:16] <@wrbtrader> holding 5 contracts (not 4)
[11:57:38] <@wrbtrader> not looking good with the WRB pt1 completely retraced
[11:57:59] <@wrbtrader> Exited all Emini TF Long @ 900.30 --> + 0.7
[11:58:15] <@wrbtrader> increasing volatility
[11:58:52] <@wrbtrader> If it re-snaps back quickly...
[11:59:00] <@wrbtrader> I'll get Long again on the increasing volatility
[12:00:24] <@wrbtrader> more contracting volatility in other key markets
[12:01:20] <@wrbtrader> Long Emini TF @ 901.00 -> medium size
[12:01:46] <@wrbtrader> 2+2
[12:02:40] <@wrbtrader> will try to exit anywhere above that prior WRB pt1 price area @ 901.60
[12:02:57] <@wrbtrader> looking for a WRB exit above that 901.60
[12:03:38] <@wrbtrader> more contraction showing up
[12:04:06] <@wrbtrader> Crude Oil CL futures showing some weakness
[12:07:07] <@wrbtrader> increasing volatility in Light Crude Oil CL futures
[12:08:25] <@wrbtrader> Exited all Emini TF Long @ 899.60 --> - 1.4
[12:10:20] <@wrbtrader> Shorts Emini TF @ 899.10 -> large size
[12:10:36] <@wrbtrader> 7 contracts
[12:10:58] <@wrbtrader> another snap back
[12:11:46] <@wrbtrader> Emini TF futures trying hard to get outside of this lower area range its trading inside
[12:12:15] <@wrbtrader> On any other trading day outside of the past few trading days...
[12:12:23] <@wrbtrader> This range would normally be around 2 points.
[12:12:33] <@wrbtrader> Today this lower level range is about 7 points
[12:13:30] <@wrbtrader> actually to be precise...the lower level range is 6.7 points
[12:14:28] <@wrbtrader> :(
[12:14:44] <@wrbtrader> snap back
[12:14:51] <@wrbtrader> long lower shadow
[12:15:36] <@wrbtrader> these 1 - 2 point losses or profit trades in a 6.7 point range are nothing
[12:15:54] <@wrbtrader> That's why I'm trying to hold these trades longer than usual down at this price area...
[12:16:23] <@wrbtrader> hoping for a breakout of the 6.7 point range or a WRB Hidden GAP pt1 trade
[12:16:58] <@wrbtrader> WRB pt1 reached but not a WRB Hidden GAP pt1
[12:18:24] <@wrbtrader> Covered all Emini TF Short @ 898.10 --> + 1
[12:19:22] <@wrbtrader> back to the middle of the range
[12:20:11] <@wrbtrader> lots of contracts traded in here and not getting anywhere so far
[12:20:25] <@wrbtrader> tough 6.7 point area
[12:48:52] <@wrbtrader> Shorts Emini TF @ 897.30 -> large size
[12:49:19] <@wrbtrader> increasing volatility (slowly) and being sneaky about it too
[12:49:41] <@wrbtrader> In contrast, EuroFX 6E futures volatility spike...very obvious
[12:49:52] <@wrbtrader> 6 contracts
[12:53:18] <@wrbtrader> volatility spike
[12:53:37] <@wrbtrader> back inside that painful range again
[12:53:40] <@wrbtrader> geeesh
[12:54:52] <@wrbtrader> Gold GC futures still declining without any entry signals :(
[12:55:21] <@wrbtrader> It has a very different price action on the decline...no entries
[12:56:06] <@wrbtrader> Crude Oil CL futures stabilizing
[12:58:50] <@wrbtrader> Emini TF futures near S area of most recent WRB Hidden GAP
[13:00:16] <@wrbtrader> Covered all Emini TF Short @ 899.60 --> - 2.3
[13:03:21] <@wrbtrader> R area @ 900.50
[13:04:45] <@wrbtrader> Long Emini TF @ 900.00 -> large size
[13:05:16] <@wrbtrader> 6 contracts
[13:05:24] <@wrbtrader> near R area
[13:06:06] <diesel_> TF?
[13:06:08] <@wrbtrader> Range top of the 6.7 point range @ 902.00
[13:07:34] <@wrbtrader> Range low of the 6.7 point range @ 895.20
[13:08:07] <@wrbtrader> this trade is above the mid range
[13:11:30] <@wrbtrader> nearest R area of a unfilled WRB Hidden GAP @ 898.40
[13:12:43] <@wrbtrader> long upper shadow
[13:12:52] <@wrbtrader> volatility increasing
[13:14:15] <@wrbtrader> Exited all Emini TF Long @ 898.70 --> - 1.3
[13:15:06] <@wrbtrader> Overall range just dropped down to 901.00 - 896.60
[13:15:31] <@wrbtrader> those are the most recent reaction high/low
[13:16:46] <@wrbtrader> Understanding ##TheStrategyLab -> - Archive chat logs are stored @ http://www.thestrategylab.com/ftchat/forum/ and you can understand some of the words (e.g. 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
[13:17:19] <@wrbtrader> Long Emini TF @ 899.50 -> large size
[13:17:53] <@wrbtrader> I know the script keeps saying Crude Oil CL but it won't change over to Emini TF futures
[13:18:23] <@wrbtrader> will try another reload of the script after I close this trade
[13:19:24] <@wrbtrader> retesting the R area again
[13:22:29] <@wrbtrader> overall volatility still declining even though it has a few volatility spikes within
[13:22:58] <@wrbtrader> Long Light Crude Oil CL @ 899.00 -> Add
[13:23:18] <@wrbtrader> 3 added
[13:23:51] <@wrbtrader> Long Light Crude Oil CL @ 899.00 -> Add
[13:24:05] <@wrbtrader> 1 added
[13:24:13] <@wrbtrader> total 6+3+1
[13:25:18] <@wrbtrader> reloading script again to see if it can switch from Crude Oil CL to Emini TF on my trade posts
Session Close: Wed Apr 17 13:25:28 2013

Session Start: Wed Apr 17 13:25:28 2013
Session Ident: ##TheStrategyLab
[13:25:28] * Disconnected
[13:25:38] * Attempting to rejoin channel ##TheStrategyLab
Session Close: Wed Apr 17 13:25:39 2013

Session Start: Wed Apr 17 13:25:39 2013
Session Ident: ##TheStrategyLab
[13:26:05] * Attempting to rejoin channel ##TheStrategyLab
[13:26:12] * Rejoined channel ##TheStrategyLab
[13:26:12] * 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'
[13:26:12] * Set by wrbtrader on Tue Feb 05 08:11:19
[13:26:12] -ChanServ- [##TheStrategyLab] Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[13:26:12] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[13:28:12] <wrbtrader> snap back
[13:28:33] <wrbtrader> there's been unsual number of them in this lower area range
[13:34:17] <wrbtrader> Exited all Emini TF Long @ 899.50 --> + 0.5
[13:35:04] <wave__> tuff going for L side ..
[13:35:33] <wrbtrader> short side too
[13:35:42] <wrbtrader> range is getting tighter
[13:36:47] <wrbtrader> Wide range today that slowly got smaller
[13:36:54] <wrbtrader> It'll open up again today
[13:37:22] <wrbtrader> Long Emini TF @ 899.30 -> large size
[13:37:32] <wrbtrader> 10 contracts
[13:38:27] <wrbtrader> Dow still down about -150 points today
[13:38:46] <wrbtrader> script working properly now
[13:39:13] <wrbtrader> earlier stuck on Crude Oil CL code
[13:39:42] <wave__> little pb on es wud be good to go L
[13:40:02] <wrbtrader> EuroFX 6E futures volatility spike
[13:40:23] <wrbtrader> This range is still getting tighter
[13:40:57] <wrbtrader> Hopefully the Euro will shake things up anb bring back some consistent volatility without the "snap backs"
[13:41:48] <wrbtrader> WRB pt1 reached...not a WRB Hidden GAP pt1
[13:42:09] <wrbtrader> I've have a few of these today to only see them "snap back" and take me out for a loss or small profit
[13:42:31] <wave__> vn N
[13:42:41] <wrbtrader> not out of danger yet
[13:43:00] <wrbtrader> Although the range in this lower area is tight now...
[13:43:20] <wrbtrader> The overall market context for the past few days is still VERY VOLATILE
[13:43:51] <wrbtrader> Thus, a +1 point profit can quickly disappear with the blink of an eye
[13:44:46] <wrbtrader> WRB Hidden GAP pt1 reached
[13:45:16] <wrbtrader> looking for a Houdini Escape abot 902.30
[13:45:43] <wrbtrader> Exited Emini TF Long @ 902.40 --> + 3.1
[13:45:52] <wrbtrader> Holding 3 contract remainders
[13:46:14] <diesel_> huge trade!
[13:47:10] <wrbtrader> I was finally able to capture a WRB Hidden GAP pt1 to the upside and above that infamous 902.10 area
[13:47:45] <wrbtrader> 1 point snap back a pain now
[13:48:05] <wrbtrader> back below 902.10
[13:48:50] <wrbtrader> This price action is like the Emini ER2 of many years ago...
[13:49:16] <wrbtrader> get hit for losses of 2 - 3 points and then get winners of 4 - 8 points
[13:49:28] <diesel_> really;
[13:49:53] <wrbtrader> The volatility and range was HUGE back then and with a tight spread
[13:50:11] <wrbtrader> until CME sold ER2 to ICE (now known as TF)
[13:51:09] <wrbtrader> price struggling now below that 902.10 area
[13:51:21] <wrbtrader> will be tough to get a WRB Hidden GAP pt2
[13:51:42] <wrbtrader> if it can continue contracting in the volatility will creeping the price higher...
[13:51:59] <wrbtrader> I have a chance for a WRB Hidden GAP pt2 level for these 3 contract remainders
[13:53:24] <wrbtrader> Crude Oil CL futures lost its steam
[13:53:32] <wrbtrader> now Eminis losing steam too
[13:56:15] <wrbtrader> Wow...FBI identified some guy that left the bomb package (pressure cooker) o the ground.
[13:56:36] <wrbtrader> Rumor is they'll about the make an arrest...swat teams have been dispatch somewhere
[13:57:01] <wrbtrader> The guy is probably long gone now after hearing about it too on the news
[13:57:24] <wrbtrader> Exited Remainder Emini TF Long @ 900.80 --> + 1.5
[13:57:56] <wrbtrader> trail pick pocketed near the S area of WRb Hidden GAP
[13:58:46] <wave__> pb on es 45 go L
[14:00:27] <wave__> they got the guy?
[14:00:42] <wrbtrader> They've identified the guy
[14:00:51] <wrbtrader> don't know if they've arrested him
[14:00:54] <wave__> k thks
[14:01:32] <wrbtrader> I'm sure they want him alive and not killed in some swat team shoot out...just in case he had helped in the bombings
[14:02:47] <wrbtrader> I was in Boston about 2 years ago and the downtown area seem to have "security camera's" on most buildings
[14:02:47] <wave__> yes
[14:03:06] <wrbtrader> I'll be shock some video camera didn't catch the bomber planting the bomb
[14:03:38] <wave__> yup just will have to shilft thru all that
[14:05:26] <wrbtrader> Most folks at sporting events are using their cell phone cameras to take videos.
[14:06:21] <wrbtrader> I'll wouldn't be surprise if the FBI got dozens of videos from folks saying they took videos near that area just before the bomb blast
[14:06:30] <wave__> y ...lot of videos to go thru tho
[14:06:51] <wrbtrader> I was at a youth football practice yesterday...
[14:07:18] <wrbtrader> 1/2 the parents were using their cell phones to take pictures or videos throughout the practice.
[14:07:28] <wrbtrader> It wasn't even a real game
[14:07:36] <wave__> true
[14:08:58] <wrbtrader> Boston police now saying they (twitter info) they have arrested someone.
[14:09:18] <wrbtrader> Yet, haven't seen any confirmation on the major news network about such an arrest
[14:10:43] <wave__> k ... networks are careful these days
[14:10:44] <wrbtrader> Long Emini TF @ 901.00 -> large size
[14:11:10] <wrbtrader> 3+4+3
[14:11:59] <wrbtrader> Market still sensitive to news about the Boston bombing
[14:12:11] <Zr1trader_____> Here is a bunch of user submitted images of possible suspects , lots of photos out there. http://imgur.com/a/sUrnA
[14:12:18] <wrbtrader> need to be careful now with news becoming active again about such
[14:12:37] <wrbtrader> WRB pt1 reached
[14:12:44] <wave__> y
[14:13:09] <wrbtrader> snap back :(
[14:13:30] <wrbtrader> see how the price action is getting choppy/jumpy
[14:13:48] <wave__> not too bad on es
[14:13:53] <wrbtrader> In my opinion...its because of the Boston news...
[14:14:01] <wrbtrader> Not anymore IMF stuff like earlier this morning
[14:14:02] <wave__> looks like
[14:15:43] <wave__> unless there is some video it will be tuff in this case
[14:20:22] <wrbtrader> long lower shadow
[14:20:24] <wrbtrader> :(
[14:24:15] <wrbtrader> sticky spread or data problems
[14:24:52] <wrbtrader> :(
[14:27:46] <Zr1trader_____> vol increase
[14:27:48] <Zr1trader_____> tf
[14:28:07] <diesel_> bnag
[14:28:12] <diesel_> bang
[14:33:26] <wrbtrader> Exited all Emini TF Long @ 902.30 --> + 1.3
[14:34:08] <wrbtrader> There was a WRB Hidden GAP pt1 but I held it a little longer to see if I would get lucky and catch a pt2 level
[14:38:39] <wrbtrader> long upper shadow retracement
[14:40:53] <wave__> pity any poor person that bought a pressure cooker that day will face the FBI
[14:41:32] <wrbtrader> Shorts Emini TF @ 900.80 -> medium size
[14:41:43] <wrbtrader> 4 contracts
[14:42:23] <wrbtrader> WRB pt1 reached
[14:43:06] <wrbtrader> Covered all Emini TF Short @ 899.40 --> + 1.4
[14:43:43] <wrbtrader> Emini TF futures still INSIDE that earlier killer tight trading range...
[14:43:49] <wave__> N on a roll today vn
[14:44:08] <wrbtrader> difference now is that the volatility is expanding now incomparison to decreasing earlier
[14:57:32] <wrbtrader> Long Emini TF @ 900.60 -> medium size
[14:57:46] <wrbtrader> 3+1
[14:58:12] <wrbtrader> doesn't look good out of the gate :(
[15:01:27] <wrbtrader> Exited Emini TF Long @ 900.70 --> + 0.1
[15:03:05] <wrbtrader> Long Emini TF @ 900.70 -> large size
[15:03:13] <wrbtrader> 6 contracts
[15:03:19] <wrbtrader> re-entry
[15:03:32] <wrbtrader> prior trade pick pocketed in the choppy/jumpy price action
[15:05:54] <wave__> let us see whatthe 4pm rush brings.
[15:09:37] <wrbtrader> jumpy bean
[15:09:54] <wrbtrader> making me nausea
[15:10:20] <wave__> yeah geez Tf is a bronco ...
[15:16:45] <wrbtrader> Exited 2/3 Emini TF Long @ 904.40 --> + 3.7
[15:18:16] <wrbtrader> Exited Remainder Emini TF Long @ 905.30 --> + 4.6
[15:18:29] <wave__> well done N ...today
[15:18:41] <wrbtrader> WRB Hidden GAP pt1 reached
[15:18:56] <wave__> God of trading are with you today ...:)
[15:19:41] <wave__> was looking to S but did not go for it
[15:19:42] <wrbtrader> I changed my trade management a lot today because of the initial volatility and prior few days of volatility...
[15:20:02] <wrbtrader> Got caught with some big losses I usually don't get hit with....
[15:20:19] <wrbtrader> losses mainly due to the suddenly tightning range and drop in volatility
[15:20:42] <disel> excellent trade
[16:07:50] <wave__> gn all ty
[16:11:52] <wrbtrader> Take care everybody and see all tomorrow
[16:12:10] <wrbtrader> I survived my "complacent" trading day after two big profitable days.
[16:12:18] <wrbtrader> Back to normal trading tomorrow
[16:12:28] * wrbtrader is now known as wrbtrader_away
Session Close: Wed Apr 17 21:50:57 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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