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 Post subject: May 13th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Mon May 13, 2013 11:38 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
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:
051313-Key-Price-Action-Markets.png
051313-Key-Price-Action-Markets.png [ 536.11 KiB | Viewed 247 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 13 07:26:19 2013
Session Ident: ##TheStrategyLab
[07:26:19] * Now talking in ##TheStrategyLab
[08:36:53] <squiggles> GC WRB hidden gap 0830 to 0832
[08:42:04] <squiggles> Next KME 1000 hrs Business Inventories m/m
[09:10:00] <mattrd> gm everybody
[09:10:13] <diesel_> hey mattrd
[09:10:31] <squiggles> hi all
[09:11:00] <mattrd> I just realized that I should use a different user name to log on, mine is almost same as MattR_
[09:11:15] <mattrd> it could be confusing I thought
[09:28:56] <MattR_> g'morning
[09:32:10] <Trendtrader> Long Emini TF @ 970.6
[09:32:13] <Trendtrader> x1
[09:32:16] <Trendtrader> gm all
[09:34:44] <@wrbtrader> Emini TF futures long lower shadows tested the S area of a recent WRB Hidden GAP
[09:34:59] <@wrbtrader> Long Light Crude Oil CL @ 95.35 -> small size
[09:35:16] <@wrbtrader> 3 contracts
[09:35:40] <Trendtrader> Exited all Emini TF Long @ 972.6 --> + 2
[09:36:54] <diesel_> nice
[09:36:57] <Trendtrader> pt1 hit
[09:37:04] <Trendtrader> 2min
[09:37:33] <@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
[09:40:25] <squiggles> TF trying to break through R of 0832 to 0834 hidden gap
[09:41:00] <@wrbtrader> Exited all Light Crude Oil CL Long @ 95.25 --> - 0.1
[09:42:54] <@wrbtrader> Crude Oil CL futures retraced its most recent WRB Hidden GAP
[09:43:09] <@wrbtrader> Shorts Light Crude Oil CL @ 95.21 -> large size
[09:43:40] <@wrbtrader> 4+3
[09:44:20] <@wrbtrader> Crude Oil CL futures testing the S area of the most recent WRB Hidden GAP
[09:44:32] <@wrbtrader> meant...now below the S area
[09:44:49] <@wrbtrader> WRB Hidden GAP @ 0932am - 0934am est
[09:46:07] <@wrbtrader> increasing volatility in Light Crude Oil CL futures
[09:46:56] <@wrbtrader> Gold GC futures strangely doing very little
[09:47:14] <@wrbtrader> low volatility tight trading range for Gold GC futures
[09:52:35] <@wrbtrader> Looks like Freenode servers having connection problems this morning.
[09:52:58] <@wrbtrader> First time I've seen something like this type of disconnections since the bad servers on the Othernet
[09:53:21] <@wrbtrader> Hopefully this is a rare connections problems on Freenode
[09:53:46] <@wrbtrader> Emini TF futures increasing volatility
[09:53:46] <diesel> connection problems, anyone else?
[09:55:22] <@wrbtrader> Crude Oil CL futures volatility increasing in the Creeper Down Movement
[09:55:43] <@wrbtrader> WRB pt1 reached...
[09:56:20] <@wrbtrader> Now converted into a WRB Hidden GAP pt1 on the volatilility spike followed by a contracting volatility interval
[10:01:48] <@wrbtrader> Gold GC futures finally showing some activity via its most recent WRB Hidden GAP
[10:03:35] * diesel is now known as 19WABWABS
[10:04:49] <19WABWABS> ??
[10:08:27] <@wrbtrader> Emini TF futures retracing its most recent Down WRB Hidden GAP
[10:10:38] <@wrbtrader> There are no more key market events (KME) for the remainder of the regular trading session
[10:11:29] <TigermanTrader> short oil uso @ 33.8
[10:11:32] <TigermanTrader> short iwm @ 96.48
[10:11:41] <canaandog> hi tigerman
[10:11:43] <TigermanTrader> exit USO @ 33.78 +0.02
[10:11:46] <TigermanTrader> exit IWM @ 96.48 +0
[10:11:55] <TigermanTrader> short oil uso @ 33.74
[10:11:57] <TigermanTrader> I try to get in early in this south move in oil
[10:12:08] <TigermanTrader> exit USO @ 33.75 -0.01
[10:12:09] <TigermanTrader> no support from others markets
[10:14:58] <@wrbtrader> Emini TF futures has entered its regular session gap
[10:15:51] <squiggles> ?
[10:18:19] <@wrbtrader> Emini ES futures also inside its regular session gap
[10:18:49] <@wrbtrader> both struggling (unable) to get above Friday's regular session close
[10:19:07] <squiggles> thanks
[10:19:28] <TigermanTrader> yep in contrast NQ and IWM are outside open gap
[10:19:56] <@wrbtrader> Light Crude Oil CL futures BELOW its regular session gap.
[10:20:19] <canaandog> couple long lower shadows tf 2m
[10:20:24] <TigermanTrader> oil still inside his previous dark wrb hg
[10:20:40] <@wrbtrader> Crude Oil inside the range of its most recent Down WRB Hidden GAP (3min chart)
[10:30:04] <squiggles> Gc increasing volatility
[10:30:06] <canaandog> rut/rui 3m potentially interesting
[10:34:24] <@wrbtrader> Crude Oil CL futures fighting hard not to make new intraday lows in the regular session
[10:35:00] <@wrbtrader> Its getting a little help from other key markets to find some legs to stand up on
[10:35:52] <@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
[10:37:40] <@wrbtrader> EuroFX 6E futures seems lost after the 0830am est KME
[10:38:21] <@wrbtrader> It's been range bound with low volatility since the 0930am est regular session open
[10:41:16] <@wrbtrader> Crude Oil CL futures lost its legs...new regular session intraday lows on increasing volatility
[10:41:18] <canaandog> cl new lod on spike
[10:41:20] <squiggles> Cl through recent S area
[10:41:38] <@wrbtrader> Covered Light Crude Oil CL Short @ 94.59 --> + 0.62
[10:41:38] <TigermanTrader> short USO @ 33.74
[10:41:43] <@wrbtrader> Holding 2 contract remainders
[10:42:35] <19WABWABS> nice short
[10:43:43] <@wrbtrader> Covered Light Crude Oil CL Short @ 94.50 --> + 0.71
[10:46:36] <mattrd> got disconnected once, trying once again
[10:48:04] <TigermanTrader> exit USO @ 33.70 +0.04
[10:48:15] <diesel_> something up today for sure
[10:50:58] <MATtrader> Test...
[10:51:54] <@wrbtrader> Crude Oil CL futures still trying to find its legs to stand up on.
[10:52:15] <@wrbtrader> FYI - Freenode having IRC server problems today.
[10:52:28] <diesel_> shorter legs now
[10:55:02] * Disconnected
[10:55:18] * Attempting to rejoin channel ##TheStrategyLab
[10:55:24] * Rejoined channel ##TheStrategyLab
[10:55:24] * Set by wrbtrader on Tue Feb 05 08:11:19
[10:55:24] * 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'
[10:55:25] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[10:55:25] -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
[10:55:41] <squiggles> CL gaining some traction
[10:56:09] <diesel_> yes it is
[10:57:59] * wrbtrader_away is now known as wrbtrader
[10:58:43] <squiggles> That didn't last long
[11:17:25] <diesel_> Monday mud
[11:38:21] <t4npaper> 6e is moving a bit
[11:39:25] <t4npaper> i'm watching cl to see if it keeps moving up
[11:44:53] <t4npaper> long cl 94.93
[11:49:47] <t4npaper> exit 94.95
[11:50:18] <t4npaper> looked like it fought too much in prior shadows
[11:50:35] <TigermanTrader> long iwm @ 96.80
[11:52:09] <t4npaper> wow it took off
[11:55:29] <TigermanTrader> exit iwm @ 96.89 +0.09
[12:16:39] <diesel_> test
[12:16:49] <TigermanTrader> I have to exit see all next time
[12:23:55] <@wrbtrader> Long Light Crude Oil CL @ 95.64 -> small size
[12:24:13] <@wrbtrader> 2 contracts
[12:24:20] <@wrbtrader> trade error
[12:24:32] <@wrbtrader> looking for Houdini Escape
[12:28:27] <@wrbtrader> Exited all Light Crude Oil CL Long @ 95.54 --> - 0.1
[12:29:24] <@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.
[12:32:16] <@wrbtrader> Shorts Light Crude Oil CL @ 95.39 -> large size
[12:32:25] <@wrbtrader> 6 contracts
[12:32:29] <@wrbtrader> chasing
[12:32:58] <@wrbtrader> oversized on the trade :(
[12:33:05] <@wrbtrader> looking for a Houdini Escape
[12:34:32] <@wrbtrader> Covered all Light Crude Oil CL Short @ 95.38 --> + 0.01
[12:51:33] <diesel_> counter trend es?
[12:51:35] <diesel_> yes?
[12:58:17] <@wrbtrader> Shorts Light Crude Oil CL @ 95.25 -> medium size
[12:58:30] <@wrbtrader> Crude Oil CL futures increasing volatility
[12:58:35] <@wrbtrader> 4 contracts
[12:58:39] <t4npaper> nice, i tried
[12:58:54] <@wrbtrader> now jumpy
[12:59:31] <@wrbtrader> tightning stop/loss protection
[13:00:40] <t4npaper> short cl 95.17
[13:02:32] <@wrbtrader> Covered all Light Crude Oil CL Short @ 95.09 --> + 0.16
[13:02:42] <@wrbtrader> WRB pt1 reached
[13:02:54] <t4npaper> exit 95.12
[13:04:42] <t4npaper> i still exit trades early
[13:16:07] <diesel_> excellent
[13:27:57] <@wrbtrader> Top hedge funds betting big on Greek banks, Financial Times reports (MarketWatch) @ http://blogs.marketwatch.com/thetell/20 ... imes-says/
[13:33:29] <@wrbtrader> Long Light Crude Oil CL @ 95.53 -> medium size
[13:34:00] <@wrbtrader> Crude Oil CL futures price action trying hard to climb a prior long upper shadow
[13:44:10] <@wrbtrader> Exited all Light Crude Oil CL Long @ 95.46 --> - 0.07
[14:06:38] <diesel_> test
[14:11:31] <@wrbtrader> Shorts Light Crude Oil CL @ 95.35 -> large size
[14:11:45] <@wrbtrader> 5+1
[14:16:12] <@wrbtrader> about a 30 tick low volatility trading area
[14:16:26] <@wrbtrader> Covered all Light Crude Oil CL Short @ 95.45 --> - 0.1
[14:16:57] <@wrbtrader> back to the top of that low volatility trading zone
[14:18:28] <@wrbtrader> increasing volatility
[14:20:35] <@wrbtrader> Long Light Crude Oil CL @ 95.58 -> large size
[14:20:52] <@wrbtrader> 6 contracts
[14:21:12] <@wrbtrader> still at the top of that low volatility trading range
[14:24:12] <@wrbtrader> retracomg back downwards near the mid range
[14:25:01] <@wrbtrader> lower area of the low vaolatility range
[14:25:53] <werner1> hi wrbtrader,all
[14:26:09] <@wrbtrader> Exited all Light Crude Oil CL Long @ 95.31 --> - 0.27
[14:27:02] <@wrbtrader> Shorts Light Crude Oil CL @ 95.26 -> large size
[14:27:24] <@wrbtrader> increasing volatility when if sliced back downwards...
[14:27:33] <@wrbtrader> now below prior long lower shadows
[14:27:48] <@wrbtrader> 6 contracts
[14:28:37] <@wrbtrader> Covered all Light Crude Oil CL Short @ 95.21 --> + 0.05
[14:29:00] <@wrbtrader> jumpy on every thrust downwards
[14:29:53] <@wrbtrader> Shorts Light Crude Oil CL @ 95.16 -> large size
[14:30:07] <@wrbtrader> 10 contracts
[14:30:19] <@wrbtrader> long upper shadows on the increasing volatility
[14:30:28] <@wrbtrader> still jumpy :(
[14:32:35] <t4npaper> long tf 971.4
[14:34:32] <t4npaper> add 971.7
[14:41:38] <t4npaper> nothing happening in tf
[14:43:19] <@wrbtrader> Covered 1/2 Light Crude Oil CL Short @ 94.94 --> + 0.22
[14:43:29] <@wrbtrader> WRB pt1 reached...
[14:43:40] <@wrbtrader> It may convert into a WRB Hidden GAP pt1
[14:44:48] <@wrbtrader> So far, I'm basically churning this afternoon trading session.
[14:44:48] <t4npaper> exit 971.5
[14:45:51] <@wrbtrader> would need a 94.85 on these remainder contracts to reach my trading goal for the day
[14:46:25] <@wrbtrader> trailing @ profit
[14:46:54] <@wrbtrader> will roll the dice and see if I get lucky and catch a WRB pt2 or WRB Hidden GAP pt2 on these remainders
[14:57:15] <@wrbtrader> Crude Oil CL futures retesting the R area of the most recent Down WRB Hidden GAP
[14:57:35] <@wrbtrader> In other words...its trying to move back upwards
[15:14:11] <@wrbtrader> activity in almost all key markets
[15:14:27] <@wrbtrader> volatility spike in Emini futures
[15:14:35] <@wrbtrader> in Gold GC futures
[15:17:59] <@wrbtrader> EuroFX 6E futures volatility spike to the upside
[15:58:32] <@wrbtrader> Covered Remainder Light Crude Oil CL Short @ 95.02 --> + 0.14
[16:00:12] <@wrbtrader> Long Emini TF @ 971.90 -> large size
[16:00:27] <@wrbtrader> 6 contracts
[16:01:27] <@wrbtrader> very little volatility into the 4pm est rush hour traffic
[16:02:39] <@wrbtrader> Exited all Emini TF Long @ 971.60 --> - 0.3
[16:05:09] <canaandog_> not much of an emini close, although I got a few ticks
[16:05:20] <canaandog_> see everyone tomorrow
[16:05:31] <@wrbtrader> Take care all and see all tomorrow
Session Close: Mon May 13 18:30:53 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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