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 Post subject: May 15th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed May 15, 2013 9:33 pm 
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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)
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##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:
051513-Key-Price-Action-Markets.png
051513-Key-Price-Action-Markets.png [ 516.95 KiB | Viewed 93 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: Wed May 15 09:19:05 2013
Session Ident: ##TheStrategyLab
[09:19:05] * Now talking in ##TheStrategyLab
[09:19:05] * 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'
[09:19:05] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:19:06] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:20:25] <diesel_> test
[09:24:29] <Trendtrader> gm all
[09:24:42] <squiggles> hi tt
[09:25:13] <Trendtrader> hi squiggles
[09:27:23] <squiggles> TF, ES, YM, NQ drifting lower last hour
[09:28:16] <MattR___> g'morning
[09:29:00] <canaandog> cl broke support
[09:29:54] <Trendtrader> Long Emini TF @ 981.9
[09:29:55] <Trendtrader> x2
[09:31:12] <diesel_> nice call
[09:31:33] <wrbtrader> Shorts Gold GC @ 1411.00 -> large size
[09:31:43] <wrbtrader> 6+4
[09:35:29] <wrbtrader> WRB pt1 (shallow) on choppy price action :(
[09:35:40] <Trendtrader> Exited 1/2 Emini TF Long @ 983 --> + 1.1
[09:40:31] <Trendtrader> Exited Remainder Emini TF Long @ 982.1 --> + 0.2
[09:41:26] <squiggles> GC contracting volatility
[09:41:39] <wrbtrader> Covered 1/2 Gold GC Short @ 1409.04 --> + 1.96
[09:42:21] <wrbtrader> correction
[09:42:36] <wrbtrader> Covered 1/2 Gold GC Short @ 1409.40 --> + 1.6
[09:43:15] <wrbtrader> WRB Hidden GAP pt1 reached
[09:43:43] <wrbtrader> shallow pt level
[09:43:55] <wrbtrader> mainly due to my poor entry
[09:44:22] <wrbtrader> Covered Remainder Gold GC Short @ 1410.06 --> + 0.94
[09:44:39] <wrbtrader> correction
[09:44:52] <wrbtrader> gotta reload the new script
[09:45:10] <wrbtrader> Covered Remainder Gold GC Short @ 1410.60 --> + 0.4
[09:48:15] <squiggles> GC trying to break higher through recent resistance level
[09:53:02] <diesel_> getting dropped from connection; just me?
[09:53:53] <canaandog> haven't seen a lot of disconnects here today so far
[09:54:50] <diesel_> txs
[09:59:03] <diesel_> oterh rooms soh
[10:01:21] <wrbtrader> diesel...you using mIRC or browser ?
[10:01:37] <wrbtrader> or using a different IRC software ?
[10:01:58] <diesel_> browser I think
[10:02:06] <wrbtrader> I think ?
[10:02:11] <diesel_> same as before for last weeks
[10:02:29] <wrbtrader> You don't know if you're logging in via IE, Firefox, Opera ?
[10:02:36] <diesel_> firefox
[10:02:46] <wrbtrader> Ok...you're using browser.
[10:02:54] <diesel_> txs
[10:03:01] <wrbtrader> Try using mIRC @ http://www.mirc.com
[10:03:18] <diesel_> will do ... later
[10:03:50] <wrbtrader> Shorts Gold GC @ 1411.00 -> large size
[10:04:00] <wrbtrader> 10 contracts
[10:04:23] <wrbtrader> browser log-in does NOT allow you to select your prefer Freenode server
[10:04:44] <wrbtrader> In contrast, mIRC or other IRC software allows you to select your own Freenode server.
[10:05:13] <wrbtrader> Thus, if you're using browser and freenode gives you a bad server...you're stuck with that...you can't change.
[10:05:25] <wrbtrader> mIRC allows you to change to a good server
[10:05:55] <wrbtrader> re-entry into the same price action as the prior short
[10:06:01] <diesel_> thank you
[10:07:21] <diesel_> will look it up
[10:09:27] <wrbtrader> Covered all Gold GC Short @ 1410.50 --> + 0.5
[10:09:52] <wrbtrader> similar price area stall as prior trade
[10:11:12] <wrbtrader> Shorts Gold GC @ 1410.20 -> large size
[10:11:20] <wrbtrader> re-entry
[10:11:53] <wrbtrader> 10 contracts
[10:13:06] <TigermanTrader> gm all
[10:17:24] <@wrbtrader> Pending 1030am est EIA Crude Oil Inventories
[10:19:01] <@wrbtrader> Short Light Crude Oil CL @ 92.56 large size
[10:19:03] <diesel_> ...
[10:19:41] <@wrbtrader> 3+3
[10:20:26] <@wrbtrader> Gold GC futures finally moving for me
[10:20:37] <@wrbtrader> WRB Hidden GAP pt1 reached
[10:21:13] <@wrbtrader> Covered all Gold GC Short @ 1406.00 --> + 4.2
[10:21:18] <@wrbtrader> average
[10:21:34] <diesel_> nice
[10:23:05] <@wrbtrader> Cover all Light Crude Oil CL @ 92.53 +0.03
[10:23:10] <diesel_> huge move, reason?
[10:23:32] <squiggles> You held in there on GC when it was retracing for a while, which R area were you keeping an eye on if I may ask
[10:24:13] <diesel_> big retrace
[10:24:17] <@wrbtrader> volatility moves around (quickly) from one key market to another...especially at/near a key market event
[10:24:26] <@wrbtrader> There's a pending 1010am est KME
[10:24:56] <@wrbtrader> Thus, probably some big boy hedging or allocation
[10:26:21] <diesel_> exit CL b4 news?
[10:27:02] <@wrbtrader> squiggles...my WRB Hidden GAP I used to manage the trade is via the 1000am - 1003am (3min chart)...its R area @ 1413.20
[10:27:33] <squiggles> ok thanks
[10:27:44] <diesel_> txs
[10:27:48] <@wrbtrader> CL not doing anything
[10:28:08] <@wrbtrader> In contrast, volatility increasing in other markets...better trade opportunities
[10:28:23] <@wrbtrader> Had CL shown volatility increasing...I would have stayed with the trade.
[10:30:56] <diesel_> moving now
[10:32:28] <@wrbtrader> Shorts Gold GC @ 1403.60 -> small size
[10:32:35] <@wrbtrader> 3 contracts
[10:35:25] <@wrbtrader> confusing trade like yesterday when I dropped down from the 15min chart to the lower time frames (2min, 3min)
[10:35:59] <@wrbtrader> WRB pt1 reached
[10:36:22] <@wrbtrader> if volatility holds price...could convert the WRB pt1 into a WRB Hidden GAP pt1
[10:36:31] <diesel_> wicked nice trade
[10:38:46] <@wrbtrader> Covered all Gold GC Short @ 1397.90 --> + 5.7
[10:38:58] <@wrbtrader> WRB Hidden GAP pt1 reached
[10:39:17] <diesel_> excellent
[10:41:08] <@wrbtrader> That's a ton of downside pressure in Gold GC futures
[10:42:52] <squiggles> CL has also been suffering
[10:43:21] <diesel_> big time
[10:52:20] <@wrbtrader> Crude Oil CL futures retracing back upwards into the range of a prior Long Lower Shadow interval
[10:52:30] * MattR___ is now known as MattR_
[10:52:58] <@wrbtrader> Gold GC futures did the same...retraced back upwards into the range of a prior Long Upper Shadow interval
[10:53:51] <@wrbtrader> Shorts Gold GC @ 1395.50 -> small size
[10:54:03] <@wrbtrader> 3 contracts
[10:57:10] <@wrbtrader> Shorts Gold GC @ 1396.80 -> Add
[10:57:43] <@wrbtrader> had I done it right...that add should have been my initial entry
[10:58:23] <@wrbtrader> like yesterday...
[10:58:51] <@wrbtrader> I'm having problems after the switch from the higher time frame chart down to the lower time frame charts.
[10:59:05] <@wrbtrader> price action moves faster as I adjust
[10:59:53] <squiggles> So you don't have all the different timeframes open at the same time ?
[11:00:27] <@wrbtrader> Covered 1/2 Gold GC Short @ 1395.20 --> + 1.6
[11:06:12] <@wrbtrader> squiggles...
[11:06:19] <@wrbtrader> Not on Gold GC futures
[11:08:23] <@wrbtrader> WRB Hidden GAP pt1 reached
[11:09:26] <@wrbtrader> Covered Remainder Gold GC Short @ 1394.00 --> + 1.5
[11:16:05] <squiggles> Strong correlation between GC and 6A, AUD:USD hence 6A getting a beating
[11:21:25] <@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.
[11:33:01] <t4npaper> long cl 92.6
[11:33:51] <t4npaper> exit 92.82
[11:34:04] <t4npaper> not bad for a chase
[11:51:13] <t4npaper> cl up and away
[12:04:34] <@wrbtrader> Just got back...
[12:04:56] <@wrbtrader> looks like the volatility has left Gold GC futures and is now in Crude Oil CL futures
[12:07:23] <canaandog> oil on a tear
[12:16:06] <TigermanTrader> take care all see next time
[12:35:17] <diesel_> ..
[12:47:26] <diesel_> ...
[12:48:41] <@wrbtrader> Recent Light Crude Oil CL futures ($CL_F) post on stocktwits @ http://stocktwits.com/wrbtrader/message/13589622
[12:50:57] <@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
[12:58:08] <@wrbtrader> Long Light Crude Oil CL @ 94.17 -> small size
[12:58:17] <@wrbtrader> 2+1
[13:06:20] <@wrbtrader> Crude Oil CL futures having problems trying to climb (stay above) the high of its most recent long upper shadow (3min chart)
[13:06:44] <@wrbtrader> weakness in other key markets not helping too
[13:16:02] <@wrbtrader> Exited all Light Crude Oil CL Long @ 93.93 --> - 0.24
[13:16:12] <@wrbtrader> increasing volatility
[13:17:06] <diesel_> ...
[13:25:45] <@wrbtrader> Shorts Light Crude Oil CL @ 93.83 -> medium size
[13:25:56] <@wrbtrader> 2+2
[13:27:45] <@wrbtrader> poor entry
[13:30:47] <@wrbtrader> Covered all Light Crude Oil CL Short @ 93.82 --> + 0.01
[13:33:09] <@wrbtrader> Long Light Crude Oil CL @ 93.99 -> large size
[13:33:16] <@wrbtrader> 4+2
[13:35:41] <@wrbtrader> WRB pt1 reached
[13:36:01] <@wrbtrader> my goal is a WRB Hidden GAP pt1 level
[13:37:15] <@wrbtrader> Exited 1/2 Light Crude Oil CL Long @ 94.30 --> + 0.31
[13:37:16] <diesel_> ...go fo it
[13:37:19] <diesel_> for
[13:41:57] <@wrbtrader> ##TheStrategyLab -> - This chat room is not intended to be educational. Yet, if you have trading related questions or you need help in understanding the price action you're trading, it's your responsibility to ask questions in here to get answers. Simply, nobody in here can read your mind if you LURK (do not ask questions).
[13:42:59] <@wrbtrader> Exited Remainder Light Crude Oil CL Long @ 94.14 --> + 0.15
[13:43:14] <@wrbtrader> R area of most recent WRB Hidden GAP being retested
[13:48:25] <t4npaper> long cl 94.21
[13:48:44] <@wrbtrader> Long Light Crude Oil CL @ 94.22 -> medium size
[13:48:49] <@wrbtrader> 4 contracts
[13:52:02] <@wrbtrader> geeesh
[13:52:09] <@wrbtrader> snapback
[13:52:24] <@wrbtrader> Exited all Light Crude Oil CL Long @ 94.26 --> + 0.04
[13:53:22] <t4npaper> long add 94.31
[13:54:38] <t4npaper> exit all 94.29
[13:55:09] <@wrbtrader> Long Light Crude Oil CL @ 94.28 -> large size
[13:55:13] <@wrbtrader> 5+1
[13:55:17] <@wrbtrader> re-entry
[13:55:42] <@wrbtrader> Crude Oil CL futures trying to climb upwards the most recent long upper shadow
[13:55:50] <@wrbtrader> Creeper Up Movement still intact
[13:56:36] <@wrbtrader> more volatility contraction showing up
[13:57:59] <@wrbtrader> other key markets weakness
[13:58:16] <@wrbtrader> Gold GC futures retracing on increasing volatility
[13:59:10] <@wrbtrader> Exited all Light Crude Oil CL Long @ 94.14 --> - 0.14
[13:59:35] <@wrbtrader> Crude Oil CL retesting the 94.15 of the most recent Up WRB Hidden GAP R area
[13:59:48] <canaandog> tf broke support
[14:00:48] <canaandog> now near s of 1114-16 hg
[14:01:05] <@wrbtrader> volatility now moved into Gold GC futures
[14:04:00] <diesel_> ...
[14:21:18] <diesel_> ..
[14:23:12] <t4npaper> tf droppin into 230
[14:24:12] <@wrbtrader> Long Gold GC @ 94.21 -> large size
[14:24:33] <@wrbtrader> back above the 94.15 R area
[14:25:40] <diesel_> GC or CL?
[14:26:52] <@wrbtrader> CL futures
[14:27:14] <@wrbtrader> reloading new script
[14:27:37] <@wrbtrader> Long Light Crude Oil CL @ 94.21 -> large size
[14:27:46] <@wrbtrader> WRB pt1 reached
[14:27:54] <@wrbtrader> goal is a WRB Hidden GAP pt1
[14:28:14] <@wrbtrader> 6 contracts
[14:28:25] <@wrbtrader> snapback :(
[14:29:30] <@wrbtrader> Exited all Light Crude Oil CL Long @ 94.35 --> + 0.14
[14:30:39] <@wrbtrader> churn in the recent two trades :(
[14:31:24] <@wrbtrader> Crude Oil CL futures retesting R area again @ 94.15
[14:32:42] <diesel_> dude?
[14:38:24] <@wrbtrader> Long Light Crude Oil CL @ 94.23 -> small size
[14:38:35] <@wrbtrader> 2 contracts
[14:39:39] <@wrbtrader> Exited all Light Crude Oil CL Long @ 94.32 --> + 0.09
[14:39:46] <@wrbtrader> WRB pt1
[14:54:26] <diesel_> ...
[15:19:36] <diesel_> ..
[15:23:57] <t4npaper> much of the vol has exited
[15:24:30] <@wrbtrader> Shorts Emini TF @ 984.40 -> small size
[15:24:38] <@wrbtrader> 2 contracts
[15:36:45] <@wrbtrader> Covered all Emini TF Short @ 985.40 --> - 1
[15:38:09] <canaandog> gc spike down
[15:38:56] <diesel_> for sure
[15:41:28] <@wrbtrader> Shorts Gold GC @ 1389.00 -> medium size
[15:41:42] <@wrbtrader> 4 contracts
[15:42:39] <@wrbtrader> Covered all Gold GC Short @ 1389.20 --> - 0.2
[15:43:00] <canaandog> that was a rather suspicious spike
[15:43:38] <canaandog> -3 in 1 sec, retraced in 20 sec
[15:50:28] <@wrbtrader> Long Emini TF @ 986.10 -> large size
[15:50:39] <@wrbtrader> 10 contracts
[15:53:53] <@wrbtrader> 4pm est rush hour traffic pending
[15:54:12] <@wrbtrader> volatility not looking good so far going into the 4pm est regular session close
[15:56:14] <@wrbtrader> WRB pt1 reached
[15:56:30] <@wrbtrader> I need a 987.20 or higher to reach my profit goal for the day
[16:00:30] <@wrbtrader> Exited all Emini TF Long @ 986.20 --> + 0.1
[16:00:58] <@wrbtrader> almost but it couldn't hold it :(
[16:04:38] <@wrbtrader> Take care all and see all tomorrow
[16:05:35] <diesel_> gn and thanks
Session Close: Wed May 15 16:15:05 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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