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 Post subject: May 7th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue May 07, 2013 8:35 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2663
Location: Canada
Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
Free Trading Room: http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5
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:
050713-Key-Price-Action-Markets.png
050713-Key-Price-Action-Markets.png [ 529.52 KiB | Viewed 67 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: Tue May 07 09:07:43 2013
Session Ident: ##TheStrategyLab
[09:07:43] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:07:43] * Now talking in ##TheStrategyLab
[09:07:43] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:07:43] * 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'
[09:22:14] <@wrbtrader> Key Market Events @ 1030am, 1300pm est (Crude Oil Inventories and 10 Year Bond Auction)
[09:25:56] <Trendtrader> gm all
[09:26:21] <MattyR> good morning
[09:30:52] * Retrieving ##TheStrategyLab modes...
[09:34:12] <diesel_> gm fellow traders
[09:34:45] <wrbtrader_mobile> Long Emini TF @ 959.90 -> large size
[09:34:53] <wrbtrader_mobile> 4+6 contracts
[09:36:26] <@wrbtrader> S&P 500 must rally 25% to hit new high (MarketWatch) @ http://www.marketwatch.com/story/sp-500 ... 2013-05-07
[09:37:38] <@wrbtrader> Emini TF futures increasing volatility and trying to setup a WRB Hidden GAP
[09:42:27] <Zr1trader> Thx for article , been looking for inflation adjusted chart like that.
[09:42:53] <@wrbtrader> Light Crude Oil CL futures volatility is flat (extremely low) with price action in a tight trading range...
[09:43:12] <@wrbtrader> While testing the R area of the WRB Hidden GAP of 0900am - 0902am est
[09:45:22] <@wrbtrader> volatility increasing in Crude Oil CL futures price action trading
[09:45:58] <Trendtrader> Long Emini TF @ 962.1
[09:45:58] <Trendtrader> x2
[09:47:14] <Zr1trader> In currency news...Last night AUD had a rate cut by 25 bps ,
[09:48:19] <Trendtrader> Exited 1/2 Emini TF Long @ 963.1 --> + 1
[09:48:33] <diesel_> nice call
[09:48:45] <@wrbtrader> Zr1trader...was that an "expected" rate cut ?
[09:49:35] <Trendtrader> exit stop moved to breakeven Emini TF @ 962.2
[09:49:51] <Zr1trader> According to forexfactory consensus it was suppose to stay unchanged, also saw some on forums thinking it would stay unchanged also.
[09:50:08] <wrbtrader_mobile> Exited 1/2 Emini TF Long @ 963.40 --> + 3.5
[09:50:29] <wrbtrader_mobile> WRB Hidden GAP pt1 reached
[09:51:16] <wrbtrader_mobile> initial pt was a WRB pt1 but the increasing volatility allowed for me to increase that profit target into a WRB Hidden GAP pt1 instead of a WRB pt1
[09:51:29] <@wrbtrader> thanks
[09:51:46] <@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
[09:52:44] <@wrbtrader> Intraday Market Tendency...
[09:53:02] <@wrbtrader> Usually when there's a 1030am est EIA Crude Oil Inventories Report...
[09:53:46] <@wrbtrader> There's a "retail price reaction" @ 1000am est as if some traders got confused about the time of the key market event or thought there was another key market event @ 1000am est
[09:56:36] <Zr1trader> CL vol expanding on 3 min chart
[09:58:28] <Zr1trader> interesting observation about retail, I bet folks get confused also when there is a holiday during that week and nat gas +cl numbers are moved to the same day.
[09:59:23] <@wrbtrader> exactly
[10:00:47] <Trendtrader> Exited Remainder Emini TF Long @ 963.1 --> + 1
[10:01:04] <Trendtrader> out of patience
[10:01:18] <@wrbtrader> EuroFX 6E futures with a long lower shadow
[10:01:40] <@wrbtrader> increasing volatility in Emini TF futures
[10:04:12] <@wrbtrader> FYI -> - @ChanServ is not a person. It is a robot mode by Freenode that allows me to control the chat room from my desktop and from my mobile device. Therefore, do not send private messages to @ChanServ because I will not get those messages. Instead, send your messages to @wrbtrader or wrbtrader_mobile.
[10:05:44] <wrbtrader_mobile> Exited Remainder Emini TF Long @ 962.10 --> + 2.2
[10:06:32] <@wrbtrader> nice rollover making the 1000am price action a possible swing point if price action continues downwards
[10:06:46] <@wrbtrader> in reference to Emini TF futures
[10:07:08] <@wrbtrader> Emini TF futures Down WRB Hidden GAP forming
[10:08:17] <wrbtrader_mobile> Shorts Emini TF @ 961.20 -> medium size
[10:08:45] <wrbtrader_mobile> 2+2 contracts
[10:08:53] <canaandog> good morning
[10:10:48] <@wrbtrader> EuroFX 6E futures and Forex EURUSD currency volatility spike
[10:11:35] <@wrbtrader> That long upper shadow around the 1000am est had been a nice precursor
[10:13:10] <wrbtrader_mobile> Covered all Emini TF Short @ 959.20 --> + 2
[10:13:14] <wrbtrader_mobile> WRB pt1 reached
[10:13:22] <wrbtrader_mobile> on a volatility spike
[10:13:26] <Zr1trader> CL vol increase 3 min
[10:13:57] <@wrbtrader> Crude Oil CL futures dropped like a hot potatoe
[10:15:33] <@wrbtrader> Emini TF futures retraced the WRB Hidden GAP of 0934am - 0936am est
[10:19:32] <@wrbtrader> wow
[10:25:40] <squiggles> CL price entering 1012 to 1014 hidden gap
[10:26:02] <@wrbtrader> thanks...I'm going to closely watch that
[10:26:40] <@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.
[10:28:48] <@wrbtrader> Also, Emini TF futures retracing back to the WRB Hidden GAP of 1012am - 1014am est
[10:36:35] <squiggles> GC retracing into 1030 to 1032 hidden gap
[10:43:08] <@wrbtrader> Gold GC futures in a Creeper Up Movement (price action trading)
[10:45:22] <squiggles> volatility low in TF due for increase ?
[10:47:47] <squiggles> TF 2 minute chart that is
[10:53:42] <@wrbtrader> Emini TF futures is in a sneaky Creeper Up Movement if it can stay above 960.00
[11:12:19] <@wrbtrader> Light Crude Oil CL futures in a low volatility tight trading range the past 32 minutes while inside the range of the WRB Hidden GAP 1012am - 1014am est
[11:27:33] <diesel_> good day to sit on hand
[11:30:10] <@wrbtrader> Key markets today started the day with very good volatility...
[11:31:08] <@wrbtrader> Now the "increasing volatility" is gone resulting in low volatility tight trading ranges.
[11:51:24] <squiggles> CL retracing off high of 1012 to 1014 hidden gap
[11:53:56] <Zr1trader> TF vol increasing 3 min
[11:54:37] <Zr1trader> 10:48-10:51 cst
[11:55:17] <MattR_> I think you mean cdt.
[11:56:22] <Zr1trader> Yeah, i get the two confused lol
[11:56:47] <MattR_> I work for a company on pacific time and I live in eastern time. ;-)
[11:57:06] <MattR_> I just omit the 's' or 'd' so I can be lazy. "ET", "PT", etc.
[12:00:28] <MattR_> Increasing volatility in Gold GC Futures.
[12:16:16] <@wrbtrader> Emini TF futures trying hard to breakout of that low volatility tight trading range
[12:21:13] <canaandog> 6e has been bumping along just under wrb of 10:12-14
[12:24:55] <squiggles> CL trying to escape high of 1012 to 1014 hidden gap
[12:26:18] <squiggles> CL through now
[13:23:44] <diesel_> test
[13:24:50] <t4npaper> wrb 2m cl
[13:26:57] <t4npaper> retraced
[13:36:30] <@wrbtrader> Emini TF futures Creeper Up Movement still active
[13:36:53] <wrbtrader_mobile> Long Emini TF @ 963.20 -> small size
[13:37:06] <wrbtrader_mobile> 3 contracts
[13:38:31] <@wrbtrader> The WRB Hidden GAP @ 1238pm - 1240pm est is supporting this Creeper Up Movement
[13:40:25] <@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
[13:41:28] <@wrbtrader> Hedge fund chief Paulson a big loser in gold rout (Reuters) @ http://www.reuters.com/article/2013/05/ ... K920130507
[13:46:10] <wrbtrader_mobile> tighten stop/loss protection
[13:51:08] <wrbtrader_mobile> Exited all Emini TF Long @ 963.10 --> - 0.1
[13:52:16] <wrbtrader_mobile> Early exit due to an appointment...I'm done for the day.
[14:19:09] <Antonio_> Mark, you aren't trading today?
[15:15:11] <diesel_> test
[15:53:41] <canaandog> low volatility going into rush hour
[15:56:11] <TigermanTrader> gm all
[15:56:38] <TigermanTrader> I m here for the rush hour
[15:56:45] <TigermanTrader> it seems no rush
[15:57:02] <TigermanTrader> no volatility no party
[15:59:39] <TigermanTrader> long iwm 96.13
[15:59:52] <TigermanTrader> small size
[16:00:04] <TigermanTrader> regular session over
[16:05:55] <TigermanTrader> exit iwm long @ 96.14 + 0.01
[16:06:00] <TigermanTrader> :(
[16:06:12] <TigermanTrader> no volatility
[16:06:45] <TigermanTrader> exit at this level is also good in this context
[16:06:53] <diesel_> gn all
[16:07:01] <diesel_> be back tomorrow
[16:16:01] <TigermanTrader> take care all see all next time
Session Close: Tue May 07 19:55:30 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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