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 Post subject: May 6th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Mon May 06, 2013 9:33 pm 
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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.

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:
050613-Key-Price-Action-Markets.png
050613-Key-Price-Action-Markets.png [ 525.79 KiB | Viewed 227 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: Mon May 06 09:33:56 2013
Session Ident: ##TheStrategyLab
[09:33:56] * Now talking in ##TheStrategyLab
[09:33:56] * 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'
[09:33:56] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:33:56] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:35:44] <Trendtrader> Exited 1/2 Emini TF Long @ 954.2 --> + 1.7
[09:37:13] <TigermanTrader> long eur/usd 1.3108
[09:37:27] <TigermanTrader> forex break trade
[09:38:14] <wave_> vn tt
[09:38:29] <wrbtrader> Emini TF futures has a WRB Hidden GAP @ 0932am - 0934am est (key change in supply/demand)
[09:40:22] <TigermanTrader> exit eur @ 1.3105 - 3 tick
[09:41:36] <TigermanTrader> not news that merit today
[09:41:44] <Trendtrader> Exited Remainder Emini TF Long @ 953 --> + 0.5
[09:41:57] <TigermanTrader> only canad pmi
[09:42:07] <TigermanTrader> uk bank close today
[09:42:32] <wrbtrader> Emini TF price action retraced and testing that earlier mentioned WRB Hidden GAP (key change in supply/demand)
[09:42:50] <TigermanTrader> yes wrbtrader
[09:43:08] <TigermanTrader> also CL testing his previous wrb hg
[09:43:32] <TigermanTrader> 9:18-9:20
[09:46:57] <TigermanTrader> short cl 95.15
[09:47:15] <TigermanTrader> level break
[09:48:47] <diesel_> nice call
[09:49:52] <TigermanTrader> exit cl @ 95.09 wrb pt1 +0.06
[09:51:59] <squiggles> GC volatility spike down
[09:58:06] <TigermanTrader> short eur forex 1.3104
[09:59:58] <TigermanTrader> volatility increase in eur/usd
[10:00:59] <TigermanTrader> exit eur @ 1.3100 + 4 tick
[10:01:10] <TigermanTrader> tight too range anyway
[10:02:01] <squiggles> GC price retracing up into 0950 to 0952 WRB hidden gap
[10:02:02] <TigermanTrader> I missed a trade on iwm :(
[10:02:21] <TigermanTrader> because too concentrate to forex
[10:02:35] <TigermanTrader> simply I need more eyes :)
[10:04:53] <diesel_> timeto evolve?
[10:07:39] <TigermanTrader> long 95.27
[10:07:54] <TigermanTrader> oop iwm long 95.27
[10:08:14] <TigermanTrader> level break
[10:11:59] <TigermanTrader> exit iwm @ 95.28 +0.01
[10:19:51] <TigermanTrader> short cl 95.20
[10:20:33] <wrbtrader> Emini TF futures in a Creeper Up Movement
[10:20:47] <wrbtrader> Emini ES, NQ and YM are lagging on the volatility
[10:24:17] <TigermanTrader> exit CL short @ 95.12 +0.08
[10:24:23] <MattR_> Light Crude Oil CL back inside the range of WRB HG at 5/3 8:30-8:32am.
[10:25:11] <wave_> news?
[10:25:17] <wave_> eur dive
[10:25:19] <TigermanTrader> wow CL spiked more in my direction after I exited :(
[10:25:41] <TigermanTrader> yeah wave euro dive
[10:26:23] <TigermanTrader> I remember some news was expected from small euro country but will know soon the right news
[10:27:13] <squiggles> Draghi: Interest rate cut due to economic slowdown in Eurozone core http://bit.ly/10jf4q6
[10:27:50] <canaandog> good morning
[10:28:21] <TigermanTrader> hi canaandog
[10:28:36] <canaandog> hi tigerman
[10:28:59] <canaandog> bit of a plunge in 6e a few min ago
[10:29:08] <TigermanTrader> yeah I noted
[10:29:30] <TigermanTrader> I got an entry using some intuition
[10:29:54] <TigermanTrader> but I was not ready to play sell :)
[10:30:25] <TigermanTrader> anyway euro zone is full of unresolved problems
[10:31:21] <TigermanTrader> canandog I still have to upgrade my system
[10:31:52] <TigermanTrader> because personal issue I not traded last month
[10:32:03] <TigermanTrader> I remember you counsel me win 7
[10:32:15] <canaandog> yes
[10:32:56] <TigermanTrader> so also now is it better not adventure in win 8 ?
[10:33:21] <canaandog> wow, CAD building permits huge rise +0.7% expected, +8.6% actual
[10:34:37] <TigermanTrader> short eur/usd 1.3007
[10:35:19] <TigermanTrader> correction 1.3070
[10:35:43] <canaandog> I really haven't followed win8 since our discussion, but doubt much has changed. If your goal is to be more up-to-date with STABILITY, win7 will do that
[10:36:05] <canaandog> also, win8 very diff UI, some don't like it
[10:36:54] <TigermanTrader> many thanks infact for trading we need STABILITY
[10:37:09] <TigermanTrader> so seems win 7 stil rulez
[10:37:34] <TigermanTrader> long cl 95.11
[10:37:45] <TigermanTrader> price break
[10:38:39] <TigermanTrader> exit CL @ 95.12
[10:38:46] <TigermanTrader> + 1 tick
[10:42:12] <TigermanTrader> exit eur/usd @ 1.3069 + 1 tick
[10:44:48] <Antonio_> Tigermantrader - when you say +1 tick for euro/usd, is that +1 profit or a loss after spread?
[10:45:46] <diesel_> like mud
[10:46:35] <TigermanTrader> yes spread is included the tick printed here is net
[10:48:02] <Antonio_> I must be missing something since you entered at 3070 and exited at 3069. If i exited at that point I would be -1pip since the spread is around 2 pips.
[10:50:12] <Zr1trader_> test
[10:51:15] <Zr1trader_> having connection problems again, cable company has been out 3 times this week ...:(
[10:51:30] <MattR_> Zr1trader_: That sucks. I've been there.
[10:51:44] <MattR_> Keep persisting. They'll *eventually* fix it.
[10:52:29] <canaandog> does cable == comcast?
[10:52:48] <TigermanTrader> the spread is included, so the value I exit is the one I really have
[10:52:57] <Zr1trader_> Charter, for my area
[10:54:15] <TigermanTrader> forget the spread, also depends from instrument and time if the day
[10:54:22] <MattR_> Insight Communications was awesome until they were bought out by Time Warner last year...
[10:54:30] <canaandog> k. don't know about them. comcast I would avoid, at least for home connectivity.
[10:54:31] <TigermanTrader> in my post consider only the value
[11:00:19] <canaandog> interesting: 6e down, cl up
[11:01:12] <TigermanTrader> short euro (forex) 1.3055
[11:01:43] <TigermanTrader> yeah canaandog strange inverse correlation
[11:02:05] <TigermanTrader> I missed a good long in CL due some distraction here
[11:04:01] <TigermanTrader> exit eur @ 1.3058 - 3 tick
[11:04:16] <TigermanTrader> long eur @ 1.3058
[11:09:40] <TigermanTrader> short Cl 95.5
[11:10:16] <TigermanTrader> exit eur @ 1.3058 +0
[11:11:16] <TigermanTrader> exit CL short @ 95.5
[11:12:18] <TigermanTrader> long Cl 95.60
[11:13:18] -ChanServ- wrbtrader is not on ##WRB_Analysis.
[11:13:43] <@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.
[11:14:39] <TigermanTrader> exit CL short @ 95.60
[11:15:12] <TigermanTrader> long eur @ 1.3062
[11:16:04] <TigermanTrader> exit eur @ 1.3063 +1
[11:23:42] <TigermanTrader> long eur @ 1.3065
[11:28:52] <TigermanTrader> exit eur @ 1.3069
[11:29:03] <TigermanTrader> + 3 tick
[11:57:01] <TigermanTrader> I exit see all later for market close
[13:02:01] <diesel_> test
[13:39:32] <canaandog> cl inside range of 1135-1140/1136-1139 wrbs
[13:56:52] <diesel_> test
[14:02:11] <wave_> S qqq .49
[14:08:32] <Antonio_> is Mark not trading today?
[14:22:27] <@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
[14:57:15] <Antonio_> I guess that's a no :-)
[15:22:08] <wave_> out qqq .42 enuf
[15:56:19] <diesel_> thanks for your carful eye today -
Session Close: Mon May 06 20:18:18 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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