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 Post subject: May 28th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue May 28, 2013 9:11 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
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:
052813-Key-Price-Action-Markets.png
052813-Key-Price-Action-Markets.png [ 523.75 KiB | Viewed 207 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 28 09:03:50 2013
Session Ident: ##TheStrategyLab
[09:03:50] * Now talking in ##TheStrategyLab
[09:03:50] * 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'
[09:03:50] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:03:50] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:04:25] <wrbtrader> Long Light Crude Oil CL @ 95.28 -> small size
[09:04:31] <wrbtrader> 1+1
[09:05:32] <wrbtrader> Crude Oil CL futures climbing about the most recent long upper shadow on the 2min chart via a WRB (WRB Analysis)
[09:05:39] <wrbtrader> WRB pt1 reached
[09:06:07] <wrbtrader> that WRB has a good chance to turn into a WRB Hidden GAP
[09:06:27] <wrbtrader> making the 95.46 the WRB Hidden GAP pt1
[09:06:50] <wave1> gm N vn on cl good start
[09:07:29] <wrbtrader> WRB Hidden GAP pt1 reached
[09:07:50] <TigermanTrader> gm all
[09:08:17] <TigermanTrader> oil and gold reacted to house nes
[09:08:27] <wrbtrader> Exited all Light Crude Oil CL Long @ 95.46 --> + 0.18
[09:08:30] <TigermanTrader> nes==new
[09:09:59] <@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.
[09:12:56] <@wrbtrader> Forex EurUsd volatility increasing
[09:13:09] <@wrbtrader> same with EuroFX 6E futures
[09:14:27] <@wrbtrader> Long Light Crude Oil CL @ 95.50 -> medium size
[09:14:36] <@wrbtrader> 4 contracts
[09:16:50] <@wrbtrader> Key Market Events (KMEs) @ 1000am and 1300pm est
[09:17:40] <@wrbtrader> Emini futures volatility slowly increasing
[09:18:16] <@wrbtrader> Exited 2/3 Light Crude Oil CL Long @ 95.60 --> + 0.1
[09:18:24] <@wrbtrader> early exit on those 3 contracts
[09:20:12] <@wrbtrader> Light Crude Oil CL futures begin its big move around 3am est...
[09:20:21] <@wrbtrader> while we were still asleep in bed :)
[09:20:24] <MattR_> g'morning
[09:21:49] <MattyR> what timeframe are u watching the crude in wrbtrader?
[09:22:07] <@wrbtrader> 2min, 3min, 5min, 15min and hourly
[09:22:18] <MattyR> ok thanks
[09:22:57] <@wrbtrader> WRB pt1 reached
[09:23:36] <@wrbtrader> Exited Light Crude Oil CL Long @ 95.80 --> + 0.3
[09:25:01] <@wrbtrader> Crude Oil CL futures rising on contracting volatility
[09:27:32] <winmax60> good morning everyone!
[09:27:51] <Trendtrader> gm all
[09:28:22] <diesel_> gm TT and all
[09:28:43] <Trendtrader> gm diesel
[09:33:00] <@wrbtrader> Emini TF futures looks a little lost while other key markets now that the regular trading session has begun
[09:34:54] <Trendtrader> Long Emini TF @ 996.7
[09:34:55] <Trendtrader> x1
[09:43:21] <Trendtrader> Exited all Emini TF Long @ 996.8 --> + 0.1
[09:44:12] <@wrbtrader> Volatility declining in almost all the key markets now...insync together
[09:44:20] <@wrbtrader> I'm now expecting a volatility spike
[09:45:00] <@wrbtrader> Emini TF futures increasing volatility
[09:45:26] <wave1> y wow ES shot up too
[09:47:15] <@wrbtrader> Looks like Gold GC futures and Crude Oil CL futures taking a rest
[10:06:03] <canaandog> good morning
[10:18:49] <wave1> eom games ...Do not s in AM ..lesson learned last few days
[10:24:57] <@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
[10:43:24] <wave1> L 69 es
[10:44:22] <wave1> out b/e geez
[10:45:44] <@wrbtrader> Forex EurJpy moving nicely today...
[10:46:06] <@wrbtrader> currently contracting volatility above its most recent WRB Hidden GAP (hourly chart)
[11:07:26] <@wrbtrader> To help a little with today's Market Context...
[11:07:51] <@wrbtrader> U.S. home-price growth fastest in nearly 7 years (MarketWatch) @ http://www.marketwatch.com/story/us-hom ... lcountdown
[11:08:48] <@wrbtrader> Brent Rising On Geopolitical Tension (IBT) @ http://www.ibtimes.com/brent-rising-geo ... on-1280369
[11:09:40] <@wrbtrader> Wall Street climbs 1 percent on central bank comments (Reuters) @ http://www.reuters.com/article/2013/05/ ... DB20130528
[11:26:44] <wave1> i c cl on tear ty N
[11:42:33] <wave1> later guys ty all
[11:46:51] <t4npaper> t
[12:03:25] <canaandog> emd has sagged more than either tf or ym
[12:12:48] <@wrbtrader> Emini YM futures having problems trying to get above the S area of its most recent WRB Hidden GAP
[12:14:32] <@wrbtrader> Shorts Emini TF @ 1000.40 -> small size
[12:14:40] <@wrbtrader> 2 contracts
[12:23:35] <@wrbtrader> Emini TF trying hard to push above the R area of the most recent Dark WRB HG
[12:25:24] <@wrbtrader> WRB pt1 (shallow) reached
[12:26:01] <@wrbtrader> Covered all Emini TF Short @ 1000.10 --> + 0.3
[12:26:07] <@wrbtrader> :(
[12:26:29] <@wrbtrader> the volatility contraction killed the potential of the WRB pt1
[13:11:22] <canaandog> eminies going nowhere slowly
[13:26:43] <TigermanTrader> take care all see tomorrow
[13:39:58] <t4npaper> short tf 997.5
[13:42:06] <t4npaper> ext 997.3 +.2
[13:44:57] <t4npaper> :((((
[14:07:56] <t4npaper> out wishing i was in
[14:43:13] <@wrbtrader> Just got back...
[14:43:34] <@wrbtrader> Hope someone is exploiting the big down move in the Emini futures
[14:56:53] <gary07> can I ask a question about connecting via the trillian software in here or no...if not where can I ?
[14:59:39] <t4npaper> long cl 95.14
[14:59:46] <t4npaper> error
[15:01:14] <t4npaper> exit 95.1 -.04
[15:01:53] <gary07> i forgot to address someone...wrbtrader...can I ask a question about connecting via the trillian software in here or no...if not where can I ?
[15:02:08] <gary07> can I ask?
[15:02:11] <@wrbtrader> Yes
[15:04:41] <gary07> I followed the instructions from here...http://www.thestrategylab.com/tsl/forum ... 164&t=1549
[15:04:53] <gary07> and made changes...added the extra #
[15:05:18] * Retrieving ##TheStrategyLab modes...
[15:05:27] <gary07> selected the freenode instead of the othernet
[15:05:50] <gary07> and added the extra # in the command line under misc.
[15:06:37] <@wrbtrader> Ok
[15:06:42] <canaandog> tf reversed trend, now in creep up
[15:07:11] <gary07> but for some reason it doesnt look like im in the room...it says unknown command
[15:07:46] <gary07> im obviously using the web based one to talk to you now...I dont see the same chat in the one through trillian
[15:07:53] <gary07> any idea what Im missing
[15:08:11] <@wrbtrader> Not really...except...
[15:08:45] <gary07> could it be cause im in both
[15:08:48] <gary07> with same username
[15:09:14] <@wrbtrader> That's a possibility but it should have said "username already in use" or something like that
[15:09:34] <@wrbtrader> Tryi using a different name like gary07_backup for the other name
[15:09:44] <@wrbtrader> or gary07_mobile
[15:10:09] <@wrbtrader> I use the mobile to add to my wrbtrader name whenever I'm also in here via my mobile device
[15:10:24] <gary07> i does now...
[15:12:51] <gary07> im going to my account settings at trillians website to change username noe
[15:12:53] <gary07> now
[15:14:34] <gary07> now in room it has me as gary07mobile...still dont see the chat
[15:14:47] <gary07> i guess i could close this and then see
[15:14:56] <@wrbtrader> try that
[15:35:15] <gary07> wrbtrader...I dont know whats goin on...I can try and figure it out maybe tomorrow and jjust stay on this for now...I wanted it so I could set audio alerts
[15:35:31] <@wrbtrader> Ok.
[15:35:34] <gary07> the web based is nice but I dont think you can set those alerrts on it
[15:36:32] <@wrbtrader> If it helps...
[15:36:43] <@wrbtrader> Most that had problems in the Trillian software setup...
[15:37:13] <@wrbtrader> They had did something wrong in the "Connection Settings" or in the "Miscellaneous" setup.
[15:38:13] <@wrbtrader> for example of a common error in their "Miscellaneous settings"...they may have put "##TheStrategyLab" instead of "/join ##TheStrategyLab"
[15:39:05] <@wrbtrader> Another error...Trillian takes a long time to connect.
[15:39:27] <@wrbtrader> Trillian may be connected and you just don't know it.
[15:39:51] <@wrbtrader> You would then panick and click the connection button with would actually "disconnect" you.
[15:40:20] <gary07> ok i will double check those..thanks
[15:41:58] <t4npaper> long tf 996.7
[15:44:10] <canaandog> tf, ym roughly back at open; emd in normal gap
[15:44:40] <@wrbtrader> We're now entering the last 15 minutes of the regular trading session...
[15:44:54] <@wrbtrader> start of the 4pm est rush hour traffic if volatility shows up.
[15:50:37] <@wrbtrader> Long Emini TF @ 996.20 -> small size
[15:50:45] <@wrbtrader> 2+1
[15:51:58] <@wrbtrader> I've basically took it easy today and will do such for the remainder of May.
[15:52:25] <@wrbtrader> very little trading, small size positions
[15:52:37] <@wrbtrader> It's felt like a long month for some odd reason
[15:52:49] <@wrbtrader> draining
[15:53:30] <t4npaper> long tf add 996.3
[15:56:19] <t4npaper> exit 995.6 -
[15:56:57] <@wrbtrader> Emini TF now below the R area of the most recent Up WRB Hidden GAP
[15:57:10] <@wrbtrader> trying hard to get back above it
[15:57:31] <@wrbtrader> volatility slowly increasing
[15:59:51] <@wrbtrader> Exited all Emini TF Long @ 996.50 --> + 0.3
[15:59:58] <@wrbtrader> WRB pt1 (shallow) reached
[16:00:19] <@wrbtrader> most recent contracting volatility killed the potential of the WRB pt1
[16:01:34] <@wrbtrader> In contrast, Forex EurUsd and EuroFX 6E futures volatility increasing
[16:13:28] <@wrbtrader> Take care all and see all tomorrow
[16:13:34] * wrbtrader is now known as wrbtrader_away
Session Close: Tue May 28 19:11:29 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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