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 Post subject: May 16th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu May 16, 2013 5:19 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
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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:
051613-Key-Price-Action-Markets.png
051613-Key-Price-Action-Markets.png [ 537.19 KiB | Viewed 240 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: Thu May 16 06:34:46 2013
Session Ident: ##TheStrategyLab
[06:34:46] * Now talking in ##TheStrategyLab
[06:34:46] * 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'
[06:34:46] * Set by wrbtrader on Tue Feb 05 08:11:19
[06:34:46] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[07:57:23] <wave_> gm all
[07:57:47] <wave_> Many Thanks N for your email and link to the browser
[08:14:03] <wave_> it works well ...:)
[08:29:42] <squiggles> Key Market Announcements 1m
[08:30:50] <canaandog> good morning
[08:31:30] <squiggles> Volatility increase many contracts
[08:36:58] <canaandog> cl retraced 0830 downgap
[08:38:25] <squiggles> GC exploring long uppper shadows
[08:38:32] <MattR_> g'morning
[08:38:38] <wave_> gm
[08:40:10] <canaandog> and produced hg up, in line w/prior trend
[08:40:18] <canaandog> gm
[08:45:07] <wrbtrader> Good morning all
[08:45:28] <squiggles> Gday
[08:45:39] <wrbtrader> Hi wave...what was the difference between my web browser link versus the link you were having log-in problems with ???
[08:56:42] <diesel_> hello all
[09:19:23] <Trendtrader> gm all
[09:19:45] <Zr1trader> Morning traders, have a good one.
[09:19:58] <diesel_> txs
[09:22:34] <Zr1trader> Lots of data came out at 7:30 central time, philly fed manufacturing index @ at 9 am CT, and others later....http://www.forexfactory.com/calendar.php
[09:22:47] <wrbtrader> Shorts Gold GC @ 1375.40 -> large size
[09:23:02] <wrbtrader> 3+3
[09:26:36] <wrbtrader> Shorts Gold GC @ 1377.20 -> Add
[09:26:53] <wrbtrader> 3 added
[09:28:30] <wrbtrader> Covered 1/3 Gold GC Short @ 1375.80 --> + 1.4
[09:31:58] <squiggles> TF price action in middle of 0830 to 0832 hidden gap
[09:32:24] <TigermanTrader> gm all
[09:35:23] <wave_> hard to s this mkt ...bad news is good news
[09:36:02] <wave_> thks wrb for your help ...
[09:39:01] <wave_> Dallas Fed President Richard Fisher speech at NABE Industry Conference
[09:39:24] <wrbtrader> Hi wave...what was the difference between my web browser link versus the link you were having log-in problems with ???
[09:41:31] <wrbtrader> Covered Remainder Gold GC Short @ 1377.80 --> - 2.4
[09:42:06] <wave_> dont know what the problem was ...when logged thru the browser link ..got error for 2 days ..now with your link from your site ..it worked this AM..
[09:42:48] <wave_> so i will go back and try the regular browser link ..and see if that connects... may it was a minor prblem for 2 days ..
[09:43:24] <wrbtrader> Ok...so you're saying you used the EXACT SAME link and it didn't work two days ago but it suddenly worked today ???
[09:43:44] <wave_> yes .
[09:43:47] <diesel_> yes - same for me as well
[09:44:02] <wrbtrader> wave...why did you say the following...
[09:44:07] <diesel_> exactly the same
[09:44:13] <wrbtrader> "so i will go back and try the regular browser link"
[09:44:14] <wave_> onre of those quirks ...hard to trace what happned or why..
[09:44:30] <wrbtrader> That implies you're using two different links
[09:44:48] <wrbtrader> Not possible consideering there's ONLY one browser link.
[09:44:49] <wave_> well just a sec let me check ..
[09:45:02] <diesel_> my techno geek guy could find nothing wrong with my computer and then prestor, old log just worked!
[09:45:10] <diesel_> log in
[09:45:23] <MattR_> hah
[09:45:50] <TigermanTrader> short iwm 98.16
[09:46:02] <MattR_> Maybe the log-in link was having trouble due to the recent netsplits/attack that the IRS network was having.
[09:46:03] <wrbtrader> Shorts Gold GC @ 1377.10 -> large size
[09:46:10] <wave_> k I tried that link ..it is working now ...so must be a soft issue on the server end ..? I suppose
[09:46:18] <wrbtrader> 6 contracts
[09:46:26] <TigermanTrader> exit iwm @ 98.13 + 0.03
[09:46:39] <wrbtrader> Wow...you guys are tough to help :(
[09:47:07] <wrbtrader> You guys just say "can't log in" but you never say what method you're using to log in :(
[09:47:36] <canaandog> Welcome to the world of user support :)
[09:47:39] <MattR_> http://blog.freenode.net/2013/05/the-go ... -the-ugly/
[09:48:11] <MattR_> "I wish I could provide you with detailed information about the attacks and the cause of them but these details are but a mystery to us and with nearly 90,000 users Id be loathe to speculate as to who we might have annoyed or how. For the time being, we intend to continue mitigating attacks where possible and continuing to endeavour to provide service as usual!"
[09:49:01] <wrbtrader> thanks MattR
[09:49:16] <MattR_> you're welcome
[09:49:57] <wrbtrader> Going forward...anyone that has log-in problems and doesn't think its important to tell me what source (route) their using to log in...
[09:50:13] <wrbtrader> I'm not going to help them.
[09:50:45] <diesel_> ..
[09:50:54] <wrbtrader> volatility spike in Gold GC futures
[09:51:11] <wrbtrader> Covered all Gold GC Short @ 1380.10 --> - 3
[09:51:43] <wrbtrader> back inside the range of a prior long upper shadow that's also a reaction high
[09:52:58] <wrbtrader> I counted yesterday approximity 43 emails this year alone where someone said they "can't log-in".
[09:53:21] <wrbtrader> Not one of those emails said any specific details about their log in problems.
[09:53:37] <diesel_> sorry - will get details - my fault
[09:54:03] <wrbtrader> Not one said I used a specific link, used server on mIRC, used Trillian, log-in through Opera, log-in via cell phone...et cetera
[09:54:07] <wrbtrader> No information
[09:54:19] <wrbtrader> Most I don't even respond too anymore :(
[09:55:33] <wave_> wrb i had always used the browser link and it worked well ...until the last 2 days ..
[09:55:41] <wrbtrader> wave_
[09:55:49] <wrbtrader> I'll try one more time here.
[09:56:01] <wrbtrader> What browser link are you talking about ???
[09:56:10] <wave_> it may be server issue ...? but I have no idea
[09:56:17] <wrbtrader> Simply, please post the browser link in here.
[09:56:45] <wave_> http://www.thestrategylab.com/thestrate ... t-room.htm
[09:57:01] <wrbtrader> Ok...thanks :)
[09:57:02] <wave_> this was the link that I tried outside from your site ..
[09:57:22] <wrbtrader> That link allows freenode to put you on any server they want.
[09:57:29] <wrbtrader> You do not have a choice of servers.
[09:57:32] <wave_> now i go to your site and click with in the site to log in
[09:57:49] <wrbtrader> Thus, if freenoode wants to put you on a "bad hacked server"...
[09:57:51] <wave_> yes that may be true
[09:57:57] <wrbtrader> They will do such.
[09:58:07] <wave_> then that may be the issue .
[09:58:26] <wrbtrader> In contrast, if you use mIRC, Trillian or an app on your android, iPad or something...
[09:58:44] <wrbtrader> You DECIDE (your choice) which server you want to use.
[09:58:45] <canaandog> kme coming up
[09:59:25] <wrbtrader> You can also set mIRC to auto try different servers if its unable to connect.
[09:59:34] <wrbtrader> You can NOT do that with that link you just posted.
[10:00:05] <wave_> k I see now the problem re the server freenode may send you to..
[10:01:13] <wrbtrader> Long Gold GC @ 1382.80 -> large size
[10:01:30] <wrbtrader> looking for a Houdini Escape
[10:02:58] <wrbtrader> Exited all Gold GC Long @ 1382.50 --> - 0.3
[10:03:05] <wrbtrader> 6 contracts
[10:03:57] <wrbtrader> Shorts Gold GC @ 1382.50 -> large size
[10:04:08] <TigermanTrader> euro fx move higher after the new
[10:04:10] <wrbtrader> 4+3
[10:04:35] <wrbtrader> prior trade was a strange fill
[10:04:53] <wrbtrader> will research later
[10:07:28] <wrbtrader> Covered all Gold GC Short @ 1380.20 --> + 2.3
[10:08:41] <wrbtrader> Shorts Gold GC @ 1380.20 -> large size
[10:08:47] <wrbtrader> 6 contracts
[10:08:51] <wrbtrader> tough trade
[10:09:24] <wrbtrader> The recent long upper shadow is my trade management guide...big stop
[10:09:41] <wrbtrader> can't take that type of a hits...
[10:09:49] <wrbtrader> still trying to dig out of a small hole
[10:10:17] <wrbtrader> re-entry
[10:12:27] <wrbtrader> Covered all Gold GC Short @ 1379.30 --> + 0.9
[10:12:50] <wrbtrader> no fill @ 1379.00
[10:13:09] <wrbtrader> That's the S area of the recent big UP WRB Hidden GAP
[10:13:44] <wrbtrader> may short a breakdown through that S area if other key markets start to fall too
[10:14:23] <wrbtrader> long upper shadows showing up
[10:18:43] <wrbtrader> Shorts Gold GC @ 1379.40 -> large size
[10:18:56] <wrbtrader> 6 contracts
[10:19:05] <wrbtrader> looking for a Houdini Escape :(
[10:19:48] <wrbtrader> I don't have the help from other key markets
[10:20:10] <wrbtrader> they're trying to move higher
[10:21:11] <wrbtrader> Gold GC futures contracting volatility with price action slowly moving higher
[10:21:17] <TigermanTrader> short iwm 98.08
[10:21:43] <wrbtrader> God GC futures above the highs of its most recent long upper shadows
[10:22:19] <TigermanTrader> exit iwm 98.05 + 0.03
[10:22:51] <wrbtrader> Covered all Gold GC Short @ 1381.40 --> - 2
[10:23:41] <TigermanTrader> TF iwm contracting near today open
[10:24:44] <wrbtrader> Long Gold GC @ 1382.00 -> large size
[10:24:55] <wrbtrader> 2+2+2
[10:25:11] <wrbtrader> back inside the range of the long upper shadow reaction point
[10:25:24] <TigermanTrader> euro fx still inside his previous up wrb hg
[10:26:00] <wrbtrader> Reaction High @ 1383.90
[10:26:33] <wrbtrader> starting to look like a churn
[10:26:55] <wrbtrader> need a 1384.50 or higher
[10:27:12] <wrbtrader> preferraly as a WRB Hidden GAP pt1
[10:27:49] <wrbtrader> Exited all Gold GC Long @ 1385.30 --> + 3.3
[10:28:00] <TigermanTrader> very good wrbtrader
[10:28:11] <TigermanTrader> gold pay off to you
[10:28:55] <wrbtrader> Today is a struggle...back n forth
[10:29:04] <wrbtrader> Yesterday was a big trading day for me
[10:29:35] <TigermanTrader> wow my chart windows is gone :(
[10:29:39] <TigermanTrader> reboot now
[10:30:23] <TigermanTrader> I have to upgrade my computer soon
[10:33:33] <wave_> wow gold moves big time
[10:34:28] <canaandog> tf 2m opposing long shadows
[10:36:45] <wrbtrader> Emini TF futures good volume with poor volatility
[10:37:06] <wrbtrader> Very little WRB Hidden GAPs and the ones that did show up...got quickly retraced
[10:37:31] <wrbtrader> That's why the price action is currently near its regular session opening price
[10:38:00] <wrbtrader> as in within 2 points
[10:42:26] <wrbtrader> Emini TF futures long upper shadows
[10:43:42] <squiggles> GC at the upper R end of that big WRB HG 0330 to 0345
[10:44:51] <wave_> S TF 86.7
[10:45:26] <wave_> out 2t +
[10:45:56] <wave_> geez this can move ...:(
[10:51:12] <squiggles> CL trying to break up through recent resistance
[10:51:50] -> *nickserv* identify 158163
[10:51:50] -> *chanserv* op ##TheStrategyLab
[10:51:50] -> *chanserv* op ##WRB_Analysis
[10:51:50] -> *chanserv* op ##VolatilityTradingTSL
[10:52:58] <@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).
[10:54:44] <@wrbtrader> Long Emini TF @ 987.80 -> large size
[10:54:52] <@wrbtrader> 5+1
[10:56:42] <@wrbtrader> Gold GC futures contracting volatility
[10:56:54] <@wrbtrader> hopefully its volatility will move into other key markets
[10:57:07] <@wrbtrader> Light Crude Oil CL futures increasing volatility
[10:57:15] <@wrbtrader> volatility spike
[10:57:28] <wave_> that was escape for me on that S TF ...looks like S in trouble again
[10:57:47] <@wrbtrader> I had my eye on both Crude Oil CL futures and Emini TF futures...
[10:58:03] <@wrbtrader> I obviously picked the wrong one for the "increasing volatility" :(
[10:58:34] <@wrbtrader> If I was a movie producer...
[10:58:52] <@wrbtrader> I would make a sexy movie called "Chasing Volatility"
[10:58:55] <wave_> breadth +ve now
[10:59:24] <@wrbtrader> Get someone like a Nicole Kidman or Halle Berry to play a floor trader or something :)
[11:00:06] <squiggles> Interesting concept
[11:01:21] <@wrbtrader> contracting volatility showing up in Emini TF futures while Crude Oil CL futures is moving higher on increasing volatility
[11:01:27] <wave_> lol these actors will love to play that power game on Wall st
[11:01:36] <@wrbtrader> Hopefully it'll be Emini TF turn next for a volatility spike
[11:04:14] <@wrbtrader> Emini TF reached a WRB pt1 on declining volatility
[11:04:45] <@wrbtrader> tightning stop/loss protection...I'm now expecting a volatility spike in Emini TF
[11:04:52] <wave_> S had a chance today but lost the game again
[11:04:56] <@wrbtrader> Hopefully it'll take prices higher...not lower
[11:06:32] <@wrbtrader> Exited all Emini TF Long @ 989.90 --> + 2.1
[11:06:40] <@wrbtrader> correction
[11:06:49] <@wrbtrader> Exited all Emini TF Long @ 988.90 --> + 1.1
[11:06:58] <@wrbtrader> WRB Hidden GAP pt1 reached
[11:07:58] <@wrbtrader> now volatility has moved into EuroFX 6E futures
[11:08:18] <@wrbtrader> Today starting to look like another "volatility tag team" between key markets
[11:08:37] <@wrbtrader> Tag...you're it type of price action amongst the key markets
[11:09:35] <@wrbtrader> Now you know why last year I started concentrating on trading 4 different key markets instead of just one key market.
[11:10:04] <@wrbtrader> Increases the odds of finding something to trade that has "increasing volatility".
[11:10:58] <@wrbtrader> Getting tunnel vision on one trading instrument has its good/bad.
[11:11:18] <wave_> well today was one of those days ..voltality moved from CL Es EUR Gold ..
[11:11:39] <@wrbtrader> But the bad happens more when the overall market conditions had those low VIX or VXX readings
[11:13:05] <wave_> yup
[11:14:17] <wave_> gold was equally volatile like TF
[11:14:43] <wave_> never trade gold... it moves tho
[11:16:07] <wave_> and better be quick if on the eorng side
[11:19:12] <wave_> L tf 88.6 paper
[11:22:00] <@wrbtrader> The thing I don't like Gold GC futures is that its extremely jumpy in the regular trading hours session.
[11:22:26] <@wrbtrader> In contrast, others say its much smoother (less jumpy) in the overnight or early morning trading session.
[11:22:45] <@wrbtrader> I've never traded Gold GC futures during the overnight or early morning trading session.
[11:23:21] <@wrbtrader> Yet, I do know that its in the overnight trading session or early morning when Gold GC futures has its best price action movements.
[11:24:16] <@wrbtrader> between 12 midnight to 5am est
[11:24:27] <wave_> bit it keeps its trend better than others ..as I read somewhere
[11:24:42] <wave_> bit=but
[11:25:20] <wave_> it trends better so many trade it ..
[11:26:15] <wave_> europe close
[11:29:54] <@wrbtrader> Shorts Gold GC @ 1383.40 -> medium size
[11:30:05] <@wrbtrader> 4 contracts
[11:30:13] <@wrbtrader> chasing a missed entry
[11:30:27] <@wrbtrader> WRB pt1 reached on the missed entry
[11:30:43] <@wrbtrader> looking for a Houdini Escape
[11:32:07] <@wrbtrader> Gold GC futures trying hard to retrace back to the recent long upper shadows
[11:32:49] <@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.
[11:33:46] <@wrbtrader> snapback gave me my escape
[11:34:41] <@wrbtrader> Covered all Gold GC Short @ 1382.40 --> + 1
[11:35:18] <wave_> PIMCO's Gross: Seeing bubbles everywhere, but they can be supported by the ongoing easing programs by the Central Banks
[11:36:02] <@wrbtrader> Banks, FED and Governments pushing the Index markets higher like the Dow and S&P
[11:36:13] <TigermanTrader> short gc 1382
[11:36:20] <@wrbtrader> sure ain't us retail traders doing it :)
[11:36:51] <TigermanTrader> missed an entry at 1282.5
[11:39:05] <TigermanTrader> exit GC at 1381.5
[11:43:05] <@wrbtrader> Shorts Gold GC @ 1382.60 -> medium size
[11:43:13] <@wrbtrader> geeesh
[11:43:39] <@wrbtrader> prior trade I was late (chasing) and this trade I'm early (too aggressive)
[11:44:28] <@wrbtrader> Covered all Gold GC Short @ 1382.60 --> 0
[11:44:30] <@wrbtrader> take a break...be back later
[11:44:35] <@wrbtrader> 2+2
[12:09:29] <TigermanTrader> take care all and see all next time
[12:27:38] <t4npaper> short cl 95.07
[12:30:39] <t4npaper> exit 94.95
[12:42:33] <t4npaper> short gc 1384
[12:47:45] <t4npaper> exit 1382.1
[13:29:30] <diesel_> ...
[13:47:27] <@wrbtrader> Shorts Gold GC @ 1386.00 -> small size
[13:47:36] <@wrbtrader> 2 contracts
[13:49:55] <@wrbtrader> trailing @ profit
[13:50:59] <@wrbtrader> Covered all Gold GC Short @ 1385.30 --> + 0.7
[13:51:05] <@wrbtrader> early exit
[13:56:34] <@wrbtrader> Shorts Gold GC @ 1385.60 -> small size
[13:56:43] <@wrbtrader> 3 contracts
[14:13:46] <@wrbtrader> Covered all Gold GC Short @ 1385.50 --> + 0.1
[14:14:32] <@wrbtrader> exited early because of the expanding volatility in Emini TF futures
[14:14:48] <@wrbtrader> volatility has left Gold GC futures and moving into other key markets
[14:14:55] <diesel_> good move dude
[14:16:33] <@wrbtrader> Long Light Crude Oil CL @ 95.33 -> medium size
[14:16:41] <@wrbtrader> 4 contracts
[14:19:50] <@wrbtrader> increasing volatility in Crude Oil CL futures
[14:20:14] <@wrbtrader> through one WRB HG and retested another one
[14:22:26] <@wrbtrader> Snapback in Emini futures impacting Crude Oil CL and other or vice versa
[14:23:20] <@wrbtrader> Exited all Light Crude Oil CL Long @ 95.20 --> - 0.13
[14:24:34] <@wrbtrader> Shorts Light Crude Oil CL @ 95.22 -> large size
[14:25:06] <@wrbtrader> Crude Oil CL trying hard to climb down the range of the prio long lower shadow
[14:25:34] <@wrbtrader> 6 contracts
[14:25:58] <@wrbtrader> other key markets stabilizing after the snapback
[14:26:49] <@wrbtrader> something has spooked the markets a little
[14:27:04] <@wrbtrader> jumpy price action
[14:29:38] <@wrbtrader> Crude Oil CL had 3 snapbacks in a 5 minute duration...Down, UP and back Down again
[14:29:47] <t4npaper> short cl 95.15
[14:31:12] <t4npaper> exit 95.12...
[14:31:36] <@wrbtrader> long lower shadows showing up
[14:32:01] <@wrbtrader> Gold GC futures snap down now
[14:32:08] <@wrbtrader> increasing volatility
[14:32:26] <@wrbtrader> Covered all Light Crude Oil CL Short @ 95.18 --> + 0.04
[14:46:41] <@wrbtrader> Shorts Light Crude Oil CL @ 95.15 -> medium size
[14:47:13] <@wrbtrader> that 95.15 is stuck while other key markets had a few long upper shadows
[14:47:34] <@wrbtrader> tighten stop/loss just in case I was suckered
[14:47:52] <@wrbtrader> 6 contracts
[14:48:33] <@wrbtrader> Covered all Light Crude Oil CL Short @ 95.20 --> - 0.05
[14:48:54] <@wrbtrader> contracting voaltility on the price movement upwards
[14:50:59] <@wrbtrader> volatility in many different markets hit quicksand
[14:51:05] <@wrbtrader> continuing to decline
[14:53:08] <@wrbtrader> Shorts Light Crude Oil CL @ 95.22 -> large size
[14:53:23] <@wrbtrader> 7 contracts
[14:54:06] <@wrbtrader> make or bust trade due to how Crude Oil CL typically trades after 3pm est...lots of contracting volatility (very little action)
[14:54:30] <@wrbtrader> volatility spike in Emini TF futures
[14:56:31] <@wrbtrader> clock is ticking
[14:58:39] <@wrbtrader> 95.15 like a line drawn in the sand :(
[14:58:58] <@wrbtrader> Emini TF futures long upper shadow
[14:59:15] <@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
[15:01:15] <@wrbtrader> EuroFX 6E futures increasing volatility
[15:01:19] <t4npaper> short tf 986.8
[15:06:46] <t4npaper> tf testing yesterdays close
[15:08:53] <t4npaper> exit 986.5
[15:09:54] <@wrbtrader> still no WRB nor WRB Hidden GAP pt1 level
[15:10:21] <@wrbtrader> EuroFX 6E futures increasing volatility taking prices downwards
[15:15:18] <canaandog> 6e continues down
[15:15:32] <@wrbtrader> Covered all Light Crude Oil CL Short @ 95.07 --> + 0.15
[15:15:53] <@wrbtrader> trail pick pocketed
[15:17:05] <diesel_> that trade took real patience!
[15:18:46] <t4npaper> tf finaly breakig lower
[15:18:46] <@wrbtrader> Shorts Emini TF @ 984.80 -> medium size
[15:20:04] <@wrbtrader> 4 contracts
[15:20:09] <@wrbtrader> trade error
[15:20:11] <@wrbtrader> will hold
[15:20:48] <@wrbtrader> Covered all Emini TF Short @ 984.50 --> + 0.3
[15:21:18] <@wrbtrader> long upper shadow on the trail pick
[15:22:57] <@wrbtrader> Shorts Emini TF @ 983.60 -> large size
[15:23:10] <@wrbtrader> increasing volatility
[15:23:38] <@wrbtrader> EuroFX 6E, Crude Oil CL and Emini TF futures
[15:23:48] <@wrbtrader> entries are tough to find :(
[15:24:03] <@wrbtrader> 7 contracts
[15:24:27] <t4npaper> yep, just watching
[15:25:21] <@wrbtrader> re-entry
[15:26:18] <@wrbtrader> Covered all Emini TF Short @ 983.30 --> + 0.3
[15:26:34] <@wrbtrader> trails are taken as soon as I tighten them :(
[15:28:34] <@wrbtrader> Short signal in Crude Oil CL but I'm not touching it this late in the trading day...strange stuff happens with the price action
[15:30:12] <@wrbtrader> I know the FED did some key (hyped) bond sales today that completed around 1115am est today
[15:30:46] <@wrbtrader> Eminis seem to hit a wall since those bonds transactions
[15:32:33] <t4npaper> short tf 983.3
[15:35:28] <t4npaper> low vol
[15:36:14] <t4npaper> stop is pretty big too
[15:36:35] <@wrbtrader> Gold tallies a loss of 6% in six sessions (MarketWatch) @ http://www.marketwatch.com/story/gold-p ... =countdown
[15:37:02] <@wrbtrader> Shorts Emini TF @ 983.00 -> small size
[15:37:13] <@wrbtrader> 3 contracts
[15:37:24] <t4npaper> tf moving a bit now
[15:37:31] <@wrbtrader> WRB pt1 (shallow) reached
[15:39:01] <t4npaper> short add 982.2
[15:41:37] <t4npaper> exit 982.5
[15:42:18] <@wrbtrader> Covered all Emini TF Short @ 982.70 --> + 0.3
[15:42:23] <@wrbtrader> geeesh
[15:43:12] <@wrbtrader> 3 consecutive trail picks
[15:43:48] <t4npaper> short tf 982.3
[15:45:03] <t4npaper> exit 982.5
[15:47:02] <t4npaper> rush hour
[15:47:05] <@wrbtrader> My recent Emini TF message on stocktwits @ http://stocktwits.com/wrbtrader/message/13623693
[15:48:45] <@wrbtrader> Shorts Emini TF @ 982.00 -> medium size
[15:48:47] <t4npaper> so do you see boxing like trading lol
[15:48:57] <@wrbtrader> 4 contracts
[15:49:20] <@wrbtrader> No...just like making sports analogies via any sport that pops in my head
[15:49:47] <@wrbtrader> Thus, I see a strong correlation between sports in general with trading...the psychological and training aspect
[15:50:06] <t4npaper> ic
[15:52:15] <@wrbtrader> jumpy :(
[15:53:15] <@wrbtrader> I usually don't like being Short going into a 4pm est rush hour traffic close unless there's a lot of "downside" pressure.
[15:53:37] <@wrbtrader> I'm having some trouble feeling if Emini TF has "A LOT" of downside pressure.
[15:53:41] <t4npaper> low vol, just watching
[15:53:52] <@wrbtrader> feels more like a Creeper Down Movement with very little volatility
[15:55:27] <@wrbtrader> Covered all Emini TF Short @ 982.20 --> - 0.2
[15:55:59] <@wrbtrader> Long Emini TF @ 982.80 -> medium size
[15:56:08] <@wrbtrader> 4 contracts
[15:56:46] <@wrbtrader> missed the opportunity to "position reversal" @ 982.20 into that Long position
[16:01:09] <@wrbtrader> Exited 3/4 Emini TF Long @ 985.00 --> + 2.2
[16:04:31] <@wrbtrader> Exited Remainder Emini TF Long @ 984.50 --> + 1.7
[16:05:09] <@wrbtrader> Take care all and see all tomorrow
[16:09:57] <diesel_> good night and thanks
Session Close: Thu May 16 16:34:41 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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