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 Post subject: May 3rd Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri May 03, 2013 9:41 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2729
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

Attachment:
050313-Key-Price-Action-Markets.png
050313-Key-Price-Action-Markets.png [ 504.7 KiB | Viewed 85 times ]

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

Note: Trader conversations below may represent two different logs (public and private) merged together as one log.

Session Start: Fri May 03 07:12:00 2013
Session Ident: ##TheStrategyLab
[07:12:00] * Now talking in ##TheStrategyLab
[07:12:00] * 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'
[07:12:00] * Set by wrbtrader on Tue Feb 05 08:11:19
[07:12:00] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:02:52] <diesel_> hello and gm all
[09:03:03] <MattR_> g'morning
[09:21:38] <Trendtrader> gm all
[09:22:32] <diesel_> hey
[09:28:45] <canaandog> good morning
[09:36:13] <Trendtrader> Long Emini TF @ 949.9
[09:36:16] <Trendtrader> x2
[09:36:42] <@wrbtrader> Long Emini TF @ 949.80 -> large size
[09:37:01] <@wrbtrader> 4+3+3
[09:37:16] <@wrbtrader> 7 tick chaser
[09:37:59] <@wrbtrader> WRB pt1 reached
[09:38:17] <@wrbtrader> Exited 1/2 Emini TF Long @ 952.90 --> + 3.1
[09:38:19] <diesel_> excellent
[09:38:21] <Trendtrader> Exited 1/2 Emini TF Long @ 951.3 --> + 1.4
[09:38:43] <Trendtrader> Exited Remainder Emini TF Long @ 953.2 --> + 3.3
[09:43:21] <@wrbtrader> Key Market Events @ 1000am est ISM Non-Manufacturing PMI & Factory Orders) and 1230pm est (FOMC Member Tarullo Speaks) (
[09:44:04] <@wrbtrader> trailing @ profit
[09:46:42] <@wrbtrader> Exited Emini TF Long @ 954.00 --> + 4.2
[09:46:45] <@wrbtrader> Holding 2 contract remainders
[09:47:01] <Trendtrader> nice one
[09:47:14] <@wrbtrader> not a WRB pt2 on those 3 contracts
[09:47:39] <@wrbtrader> will try to exit these remainders at a WRB pt level or WRB Hidden GAP pt level
[09:47:54] <diesel_> a real jewel trade
[09:48:44] <@wrbtrader> I'm setup for mobile but today I had to do an upgrade to my laptop...
[09:49:03] <@wrbtrader> Thus, had to stay at home which is why I'm posting my trades via @wrbtrader
[09:49:22] <@wrbtrader> If I had been ready on my mobile device...I would not have posted the trade in here.
[09:49:37] <@wrbtrader> It would have been into the private area.
[09:50:18] <@wrbtrader> Hopefully I get everything completed by end of month with my mobile setup and the private area
[09:50:50] <@wrbtrader> In contrast, all of my WRB Analysis will be posted in here via @wrbtrader
[09:51:27] <@wrbtrader> tightning trail @ profit due to the pending KME
[09:53:42] <@wrbtrader> WRB Analysis -> - Chat room for day traders, swing traders, position traders using concepts from WRB Analysis such as contracting volatility, key market event (KME), reaction high/low, 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 while price action trading. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718 or http://www.twileshare.com/user/wrbtrader
[09:59:23] <@wrbtrader> pending 1000am est key market event
[10:04:45] <@wrbtrader> Strange price action in Light Crude Oil CL futures...
[10:04:51] <@wrbtrader> similar to the prior trading day.
[10:05:36] <@wrbtrader> Big movement in the overnight trading session and then range bound after 0900am est into the regular trading session
[10:05:53] <@wrbtrader> Maybe it'll do like it did yesterday in the regular session with those big volatility movements
[10:06:21] <@wrbtrader> if it clears the low volatility tight trading range its currently stuck inside
[10:06:27] <canaandog> 6e, cl, gc, eminis made nice moves on 0830 data
[10:06:46] <canaandog> 6e now back where it was before
[10:09:25] <@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.
[10:10:53] <@wrbtrader> Emini TF futures has had some recent volatility contraction...
[10:11:07] <@wrbtrader> should be easy now for it to produce another WRB pt level
[10:11:14] <@wrbtrader> Yet, its struggling :(
[10:14:12] <@wrbtrader> Light Crude Oil CL futures trying hard to push above the close price of the 0832am est WRB Hidden GAP
[10:15:01] <@wrbtrader> contracting volatility in Emini TF futures
[10:15:09] <@wrbtrader> and Emini ES futures
[10:15:24] <@wrbtrader> increasing volatility in EuroFX 6E futures
[10:15:39] <@wrbtrader> EuroFX 6E futures in a Creeper Up Movement
[10:19:47] <@wrbtrader> Emini TF futures range getting tighter
[10:19:56] <@wrbtrader> I'm now expecting a volatility spike here soon
[10:20:06] <@wrbtrader> tightning trail @ profit
[10:22:29] <@wrbtrader> WRB pt2 (shallow) reached
[10:23:19] <@wrbtrader> WRB pt3 reached
[10:25:40] <@wrbtrader> Exited Remainder Emini TF Long @ 956.90 --> + 7.1
[10:27:47] <MattR_> increasing volatility in Light Crude Oil CL Futures
[10:31:31] <@wrbtrader> Crude-Oil Futures Post Biggest Rise in Five Months (Wall Street Journal) @ http://online.wsj.com/article/SB1000142 ... 09850.html
[10:34:38] <@wrbtrader> ECB moves markets, not economy (Financial News) @ http://www.efinancialnews.com/story/201 ... mod=promos
[10:40:29] <@wrbtrader> Long Light Crude Oil CL @ 95.81 -> medium size
[10:41:25] <@wrbtrader> WRB pt1 (shallow) reached
[10:41:37] <@wrbtrader> not enough wiggle room to grab that profit :(
[10:42:07] <@wrbtrader> Exited all Light Crude Oil CL Long @ 95.83 --> + 0.02
[10:43:06] <@wrbtrader> Long Light Crude Oil CL @ 95.74 -> medium size
[10:43:15] <@wrbtrader> 4 contracts
[10:43:18] <@wrbtrader> re-entry
[10:46:22] <@wrbtrader> Exited all Light Crude Oil CL Long @ 95.71 --> - 0.03
[10:47:50] <@wrbtrader> Gold GC futures volatility spike (price downwards)
[10:48:20] <@wrbtrader> Long Light Crude Oil CL @ 95.74 -> medium size
[10:48:27] <@wrbtrader> 4 contracts
[10:48:30] <@wrbtrader> re-entry
[10:51:19] <@wrbtrader> Long Light Crude Oil CL @ 95.70 -> Add
[10:52:01] <@wrbtrader> WRB pt1 (shallow) reached
[10:52:19] <@wrbtrader> the chop and small WRB pt level is tough to manage
[10:56:22] <@wrbtrader> Exited 1/2 Light Crude Oil CL Long @ 95.83 --> + 0.13
[10:57:41] <@wrbtrader> Exited Remainder Light Crude Oil CL Long @ 95.76 --> + 0.02
[10:59:03] <@wrbtrader> Long Light Crude Oil CL @ 95.85 -> small size
[10:59:08] <@wrbtrader> 3 contracts
[10:59:12] <@wrbtrader> re-entry
[11:08:17] <@wrbtrader> long upper shadow snap back
[11:08:19] <@wrbtrader> :(
[11:08:59] <@wrbtrader> got caught in a few of those yesterday and then it quickly spun around into a huge volatility spike upwards
[11:15:45] <@wrbtrader> Exited all Light Crude Oil CL Long @ 95.85 --> 0
[11:17:05] <@wrbtrader> Long Light Crude Oil CL @ 95.77 -> large size
[11:17:15] <@wrbtrader> 7 contracts
[11:17:29] <@wrbtrader> lets see if I stole a great re-entry price
[11:20:49] <@wrbtrader> Emini ES futures in a incredible low volatility tight trading range
[11:21:32] <@wrbtrader> a lot of size moving through on Emini ES in that tight range
[11:22:59] <@wrbtrader> volatility spike in Crude Oil CL futures
[11:26:24] <@wrbtrader> If other key markets can get some legs now...
[11:26:35] <@wrbtrader> My Crude Oil Long will have a chance
[11:27:25] <@wrbtrader> Emini ES futures trying hard to get some legs in that shallow pullback
[11:29:08] <@wrbtrader> Emini ES in trouble...hammering at the low of that recent contracting volatility
[11:31:05] <@wrbtrader> Emini ES futures increasing volatility
[11:31:56] <@wrbtrader> Crude Oil CL futures increasing volatility
[11:32:07] <@wrbtrader> :(
[11:32:22] <@wrbtrader> dried up now
[11:32:24] <@wrbtrader> geeesh
[11:34:25] <@wrbtrader> Exited all Light Crude Oil CL Long @ 95.68 --> - 0.09
[11:34:49] <@wrbtrader> long lower shadow
[11:35:24] <@wrbtrader> Shorts Light Crude Oil CL @ 95.62 -> large size
[11:35:35] <@wrbtrader> 5+2
[11:36:11] <@wrbtrader> other key markets showing weakness now or low volatility trading range
[11:37:20] <@wrbtrader> Crude climbing back up the range of the prior long lower shadow
[11:38:13] <@wrbtrader> Covered all Light Crude Oil CL Short @ 95.70 --> - 0.08
[11:38:52] <@wrbtrader> the low volatility contraction range geting tighter...
[11:39:00] <@wrbtrader> still no volatility spike for awhile :(
[11:40:17] <@wrbtrader> Long Light Crude Oil CL @ 95.75 -> large size
[11:40:31] <@wrbtrader> 4+3+3
[11:40:36] <@wrbtrader> increasing volatility
[11:41:08] <@wrbtrader> rolled the dice that the volatility will continue increasing
[11:41:20] <@wrbtrader> and not dry up
[11:42:07] <Zr1trader> st cloud mn radio frequencies
[11:42:21] <Zr1trader> ooops wrong computer nevermind
[11:43:10] <@wrbtrader> I need a 95.88 to make it worth while in these Crude Oil CL trades
[11:43:50] <@wrbtrader> that will also give me the needed "wiggle room" to better manage the trade
[11:49:22] <@wrbtrader> Gold GC futures volatility spike (price downwards)
[11:50:46] <squiggles> 6E creeper down
[11:56:44] <@wrbtrader> Exited Light Crude Oil CL Long @ 95.94 --> + 0.19
[11:57:30] <@wrbtrader> That trade gave me a headache...
[11:57:48] <@wrbtrader> Crude has been tough to trade when its low volatility tight trading range shows up
[11:58:16] <@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
[12:05:43] <@wrbtrader> Light Crude Oil CL futures still unable to get above the reaction highs involving those long upper shadow intervals as seen on the 2min chart
[13:19:41] <wave_> L es 12..5
[13:45:20] <wave__> got disconnected
[13:45:55] <wave__> check
[13:48:14] <wave__> got stopped -1
[14:11:10] <MattR_> increasing volatility in Light Crude Oil CL
[14:44:17] <diesel_> ..
[15:27:12] <@wrbtrader> Long Emini TF @ 953.20 -> small size
[15:27:21] <@wrbtrader> 3 contracts
[15:27:34] <@wrbtrader> trade error :(
[15:27:59] <@wrbtrader> looking for a Houdini Escape
[15:30:14] <@wrbtrader> Exited 1/3 Emini TF Long @ 954.10 --> + 0.9
[15:30:28] <@wrbtrader> Exited 1/3 Emini TF Long @ 954.10 --> + 0.9
[15:31:24] <@wrbtrader> Exited Remainder Emini TF Long @ 954.10 --> + 0.9
[15:31:43] <@wrbtrader> Take care all...I'm done for the day.
Session Close: Fri May 03 16:59:37 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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