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 Post subject: April 26th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Apr 26, 2013 8:04 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:
042613-Key-Price-Action-Markets.png
042613-Key-Price-Action-Markets.png [ 539.38 KiB | Viewed 176 times ]

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

Session Start: Fri Apr 26 08:59:26 2013
Session Ident: ##TheStrategyLab
[08:59:26] * Now talking in ##TheStrategyLab
[08:59:26] * 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'
[08:59:26] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:59:26] -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
[08:59:26] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:23:46] <wrbtrader_mobile> Good morning all...today I'm mobile and on my laptop.
[09:24:51] <wrbtrader_mobile> It'll be my first time trading while mobile and on a laptop.
[09:25:28] <canaandog> good morning
[09:30:08] <wrbtrader_mobile> The hardest thing is I'm still converting all my Microsoft files into Google files for mobile sync
[09:35:49] <wave_> gm all
[09:36:27] <wrbtrader_mobile> Shorts Emini TF @ 934.00 -> large size
[09:36:47] <wrbtrader_mobile> 6+4
[09:40:38] <wave_> looking for L side
[09:46:01] <wrbtrader_mobile> Covered Emini TF Short @ 932.80 --> + 1.2
[09:46:09] <wrbtrader_mobile> Holding 3 contract remainders
[09:46:33] <wrbtrader_mobile> WRB pt1 reached
[09:46:45] <wave_> l 77.5
[09:46:45] <wave_> es
[09:47:23] <wrbtrader_mobile> Covered Remainder Emini TF Short @ 933.90 --> + 0.1
[09:47:43] <wrbtrader_mobile> Key Market Event volatility spike
[09:48:06] <wrbtrader_mobile> Shorts Emini TF @ 934.20 -> large size
[09:48:13] <wrbtrader_mobile> 6 contracts
[09:48:16] <wrbtrader_mobile> re-entry
[09:48:16] <wave_> out ticks ..
[09:48:18] <wave_> will try again
[09:52:21] <wrbtrader_mobile> Other key markets trying to stabilize...develop support
[09:53:11] <wrbtrader_mobile> Covered all Emini TF Short @ 935.10 --> - 0.9
[09:56:21] <wrbtrader_mobile> Long Light Crude Oil CL @ 93.36 -> large size
[09:56:42] <wrbtrader_mobile> increasing volatility in Crude Oil CL futures
[09:56:47] <wrbtrader_mobile> 6 contracts
[09:57:11] <wrbtrader_mobile> had a big problem seeing it as it developed on the laptop
[09:57:29] <wrbtrader_mobile> will make some chart adjustments
[10:01:07] <wrbtrader_mobile> Emini TF futures in similar up movement on very low volatility like yesterday
[10:04:53] <wrbtrader_mobile> long upper shadows Emini TF futures
[10:05:12] <wave_> es
[10:05:13] <wave_> S 81 try
[10:05:57] <wrbtrader_mobile> Exited all Light Crude Oil CL Long @ 93.18 --> - 0.18
[10:07:14] <wrbtrader_mobile> Short Emini TF futures @ 934.20
[10:07:23] <wrbtrader_mobile> 9 contracts
[10:10:44] <wave_> out +1 dang
[10:11:35] <wrbtrader_mobile> Shorts Light Crude Oil CL @ 93.17 -> large size
[10:11:59] <wrbtrader_mobile> 6 contracts
[10:12:03] <wrbtrader_mobile> re-entry
[10:12:31] <wrbtrader_mobile> I had an unposted Crude Oil CL short for breakeven...
[10:12:43] <wrbtrader_mobile> reason why this short saids "re-entry"
[10:15:16] <wrbtrader_mobile> Cover all Emini TF futures @ 932.20 +2.00
[10:16:20] <wrbtrader_mobile> trading from one mobile screen is tougher than I thought...
[10:16:40] <diesel_> do just fine
[10:17:00] <wrbtrader_mobile> A lot of clicking...about 3x as much in comparison to trading on the desktops (2)
[10:17:37] <wave_> got shhok out by trailing stop
[10:17:58] <wrbtrader_mobile> Gold GC futures still climbing higher on increasing volatility
[10:18:52] <wrbtrader_mobile> Covered all Light Crude Oil CL Short @ 93.15 --> + 0.02
[10:22:42] <wrbtrader_mobile> Shorts Light Crude Oil CL @ 93.07 -> large size
[10:23:03] <wrbtrader_mobile> increasing volatility in EuroFX 6E futures
[10:23:18] <wrbtrader_mobile> :(
[10:23:24] <wrbtrader_mobile> 6 contracts
[10:23:28] <wrbtrader_mobile> re-entry
[10:23:54] <wrbtrader_mobile> that's going to kill my Crude rade
[10:24:53] <wrbtrader_mobile> doesn't help that the Emini futures are stuck in a tight contracting volatility trading range now
[10:25:13] <wrbtrader_mobile> Crude Oil CL futures most likely to do the same
[10:25:31] <wrbtrader_mobile> I'm now looking for a Houdine Escape out of this Crude Oil CL trade
[10:25:55] <diesel_> quick chip down to 95?
[10:28:43] <wrbtrader_mobile> punks
[10:29:16] <wrbtrader_mobile> Covered all Light Crude Oil CL Short @ 93.07 --> 0
[10:32:07] <wrbtrader_mobile> Shorts Light Crude Oil CL @ 93.12 -> large size
[10:32:22] <wrbtrader_mobile> 7 contracts
[10:32:38] <wrbtrader_mobile> re-entry into that same difficult price area
[10:44:21] <wrbtrader_mobile> Long Light Crude Oil CL @ 93.20 -> Add
[10:44:28] <wrbtrader_mobile> correction
[10:44:48] <wrbtrader_mobile> Shorts Light Crude Oil CL @ 93.20 -> Add
[10:45:24] <wrbtrader_mobile> the script calculation will be incorrect because of that typo I made
[10:48:44] <wrbtrader_mobile> new area of contracting volatility developing :(
[10:48:46] <wrbtrader_mobile> geeesh
[10:49:48] <wrbtrader_mobile> Crude Oil CL futures seems stuck between the two areas of contracting volatility...
[10:49:58] <wrbtrader_mobile> bouncing up and down between them
[10:50:40] <wrbtrader_mobile> price back above the R area of the most recent WRB Hidden GAP
[10:51:51] <wrbtrader_mobile> Gold GC futures volatility has flatlined but price is still trying to go higher as a Creeper Up Movement
[10:52:13] <wrbtrader_mobile> Emini TF futures trying to rollover southward...
[10:52:20] <wrbtrader_mobile> increasing volatility in key markets now
[10:53:04] <wave_> geez 81 was good entry tight tail got me ...:(
[10:53:48] <wrbtrader_mobile> last few trading days I've been in the wrong trading instrument when volatility shows up :(
[10:54:42] <wrbtrader_mobile> can't hold this Crude Oil CL losing trade like this while volatility is increasing elsewhere
[10:56:03] <wrbtrader_mobile> Covered all Light Crude Oil CL Short @ 93.25 --> - 0.18
[10:56:45] <wrbtrader_mobile> now that I'm out...hopefully volatility won't flatline everywhere
[11:02:33] <wrbtrader_mobile> Shorts Light Crude Oil CL @ 93.21 -> large size
[11:02:58] <wrbtrader_mobile> 3+4
[11:03:34] <wrbtrader_mobile> still inside the range of the WRB Hidden GAP but between two difficult areas of volatility contraction
[11:13:19] <wrbtrader_mobile> what killed the volatility
[11:21:56] <wrbtrader_mobile> Crude Oil CL futures back inside that other tough area of contracting volatility
[11:22:47] <wrbtrader_mobile> Its kicked my butt a few times down here and I've had two trades quickly retrace against me after being in profit :(
[11:22:58] <wrbtrader_mobile> WRB pt1 reached
[11:23:13] <wave_> vn N
[11:23:32] <wrbtrader_mobile> not out of danger
[11:24:24] <wrbtrader_mobile> WRB pt2 will take me out of danger and give me enough wiggle room to manage this properly
[11:24:55] <wrbtrader_mobile> especially in this difficult price area...
[11:25:06] <wrbtrader_mobile> It needs to get below 92.99
[11:25:37] <wrbtrader_mobile> increasing volatility
[11:28:11] <wrbtrader_mobile> WRB pt2 reached
[11:28:20] <wrbtrader_mobile> trailing @ profit
[11:28:55] <wrbtrader_mobile> first time of the trading day I had a trade I was "trailing @ profit" in Crude Oil CL
[11:29:23] <wrbtrader_mobile> Covered all Light Crude Oil CL Short @ 92.80 --> + 0.41
[11:29:23] <wave_> vn
[11:29:31] <wrbtrader_mobile> WRB pt3 reached
[11:30:25] <wave_> later guys ty all
[11:31:08] <wrbtrader_mobile> Shorts Light Crude Oil CL @ 92.87 -> medium size
[11:31:14] <wrbtrader_mobile> long upper shadow
[11:31:20] <wrbtrader_mobile> 4 contracts
[11:31:48] <wrbtrader_mobile> Covered all Light Crude Oil CL Short @ 92.74 --> + 0.13
[11:32:15] <wrbtrader_mobile> first intended fast trade of the day
[11:32:57] <wrbtrader_mobile> Gold GC futures retracing on increasing volatility (price action trading) back downward through its key WRB Hidden GAPs
[11:38:34] <wrbtrader_mobile> Glad somebody finally pulled the cork on Crude Oil CL futures and Gold GC futures, Emini TF futures....
[11:38:46] <wrbtrader_mobile> I had a strong heavy bearish bias
[11:39:14] <wrbtrader_mobile> reason why I was pounding those Short positions eventhough earlier I was getting losses in Crude Oil CL futures
[11:55:54] <wrbtrader_mobile> FYI - I'm slowly moving over into the "private group" area online as promised/discussed for about a year now.
[11:56:35] <wrbtrader_mobile> That's something I've been working on heavily the past 2 months and part of that involves me becoming more of a "mobile trader".
[11:57:04] <wrbtrader_mobile> Therefore, you will soon see me posting LESS here on IRC and more in the private group.
[11:57:19] <wrbtrader_mobile> The private group will only be available to active members.
[11:57:49] <wrbtrader_mobile> I will keep this ##TheStrategyLab open but you will eventually see me just LURKING in here just like everybody else.
[11:58:02] <canaandog> lol
[11:58:07] <wrbtrader_mobile> Lurking = No talking about anything trading related
[11:59:19] <wrbtrader_mobile> Essentially, I use this chat room as a filter to determine whom gets into the "private group"...based upon active price action discussion.
[11:59:46] <wrbtrader_mobile> Gold GC futures still looking weak.
[12:34:09] <Antonio_> How do we access the private group?
[12:35:14] <wrbtrader_mobile> I'll let you know when its open
[12:36:45] <wrbtrader_mobile> I'll only invite traders to the private group that are ACTIVE in discussing trading in the chat rooms or the forums.
[12:37:33] <wrbtrader_mobile> Thus, if you lurk (not active) but you're posting trading topics at the forum or vice versa...you'll get into the private group.
[12:38:13] <wrbtrader_mobile> meant, if you're lurking in HERE but active at my forums or vice versa...you'll get into the private group.
[12:38:38] <canaandog> what if you're intermittently active?
[12:38:52] <MattR_> yes, what canaandog said.
[12:39:09] <MattR_> :-)
[12:39:41] <wrbtrader_mobile> That's fine...the log is setup to color code "trading discussions" only and it keeps an auto profile in my script database.
[12:40:46] <wrbtrader_mobile> Thus, if you show up every day but only post one time about whatever you see on your monitor...
[12:40:55] <wrbtrader_mobile> You'll show up as active.
[12:41:38] <canaandog> ok, thx
[12:41:47] <wrbtrader_mobile> I'll then review the recent activity to ensure its trading related discussion
[12:43:03] <wrbtrader_mobile> The current setting I have is ONE trading related commentary every 3 days of log-ins
[12:43:14] <Antonio_> Ok and I assume as long as we post in the forum, even if it's only the private section of the forum, that still qualifies.
[12:43:28] <wrbtrader_mobile> Only takes a few seconds to write something like...
[12:43:52] <wrbtrader_mobile> "Emini ES just bouncing off suppoert"
[12:44:26] <wrbtrader_mobile> or "IMF giving Cyprus 30 billion dollars"
[12:45:10] <wrbtrader_mobile> I've been profiling many key trading related words so that their auto highlighted and noted to the trader that made the commentary
[12:46:22] <wrbtrader_mobile> Thus, many words like WRB, WRB Hidden GAP, Hidden GAP, GAP, Support, Resistance, IMF, FED, Gold, Crude Oil, Emini, Index and about +500 other key trading related words.
[12:50:56] <wrbtrader_mobile> I've even profile links (e.g. elitetrader.com, forexfactory.com, marketwatch.com, bloomberg.com)...any type of trading related link that gets posted in here gets profiled
[12:57:22] <wrbtrader_mobile> Been seeing more discussions lately about "market correction"...
[12:57:47] <wrbtrader_mobile> Market correction 'wouldn't take much' (CNNMoney) @ http://money.cnn.com/video/news/2013/04 ... ?iid=HP_LN
[12:58:44] <Zr1trader> 6E vol increase
[13:03:34] <wrbtrader_mobile> Eurozone to Focus on Structural Reforms (IBT) @ http://www.ibtimes.com/eurozone-focus-s ... ms-1219391
[13:11:34] <diesel_> ..
[13:12:24] <Zr1trader> diesel what are those dots? just an indication your back?
[13:13:44] <diesel_> just checking for valid connection
[13:14:03] <Zr1trader> ah I see
[13:14:09] <diesel_> txs
[15:00:35] <diesel_> ..
[16:06:55] <Zr1trader> Enjoy the weekend everyone.
[16:07:54] <diesel__> ake care
[16:07:57] <diesel__> take
01[18:02:04] <@wrbtrader> Take care all and have a nice weekend
Session Close: Fri Apr 26 18:02:12 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 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
intradaystrategies@yahoo.com
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


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