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 Post subject: May 29th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu May 30, 2013 8:58 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:
052913-Key-Price-Action-Markets.png
052913-Key-Price-Action-Markets.png [ 541.91 KiB | Viewed 219 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 29 09:25:19 2013
Session Ident: ##TheStrategyLab
[09:25:19] * Now talking in ##TheStrategyLab
[09:25:19] * 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'
[09:25:19] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:25:19] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:25:35] <diesel_> hey tt
[09:25:54] <Trendtrader> hi diesel
[09:28:11] <Trendtrader> Shorts Emini TF @ 989.3
[09:28:13] <Trendtrader> x1
[09:34:19] <@wrbtrader> Key Market Events @ 1000am and 1300pm est
[09:35:11] <TigermanTrader> great run on CL
[09:36:40] <TigermanTrader> wrbtrader did you know some news about cl today ?
[09:37:19] <TigermanTrader> last wrb hg seems news related
[09:38:07] <TigermanTrader> I got a good entry but as always not hang on
[09:38:16] <TigermanTrader> but exited in profit
[09:39:00] <Trendtrader> Covered all Emini TF Short @ 992.3 --> - 3
[09:43:41] <@wrbtrader> Tigerman - I just check my news sources. Nothing there so far.
[09:45:55] <TigermanTrader> ok thanks infact same here nothing so far
[09:46:16] <@wrbtrader> There's news out of Russia about Rosneft cutting off small refinery...
[09:46:44] <@wrbtrader> News first released around 0840am est but hit major news networks around 0900am est
[09:46:52] <TigermanTrader> I always wonder who enter and move price this way
[09:47:31] <TigermanTrader> maybe that news from russia helped the move who knows
[09:48:02] <@wrbtrader> 1030am est EIA Petroleum Status Report is tomorrow instead of today.
[09:48:37] <@wrbtrader> Many market participants "take advantage" of it today around 1030am est :)
[09:49:02] <TigermanTrader> yeah
[09:50:48] <@wrbtrader> Long Light Crude Oil CL @ 94.95 -> medium size
[09:51:07] <@wrbtrader> 4+1
[09:51:48] <@wrbtrader> :(
[09:53:17] <@wrbtrader> S area of most recent Up WRB Hidden GAP @ 94.85
[09:53:56] <@wrbtrader> price action near visit of that after my entry...not good
[09:54:14] <@wrbtrader> I'm now looking for a Houdini Escape out of this Long position
[09:55:37] <TigermanTrader> long cl 94.93
[09:55:41] <TigermanTrader> intuition
[09:56:11] <TigermanTrader> exit cl 94.85
[09:56:55] <@wrbtrader> retest of the S area :(
[09:57:48] <@wrbtrader> other key markets stable in their contracting volatility
[09:58:04] <@wrbtrader> ...only reason why I'm not panicking so far in this Crude Oil trade
[09:58:33] <@wrbtrader> As soon as other key markets start shedding some weight...I'll dump Crude Oil
[10:01:14] <@wrbtrader> volatility tightning...more contraction
[10:01:34] <@wrbtrader> If this price action makes a WRB pt1...it'll be extremely small :(
[10:02:21] <TigermanTrader> price still inside previous wrb hg
[10:02:37] <TigermanTrader> 9:33-36
[10:02:49] <@wrbtrader> I don't like what Gold GC futures starting to do
[10:03:07] <TigermanTrader> yep moving down
[10:03:55] <@wrbtrader> Exited all Light Crude Oil CL Long @ 94.83 --> - 0.12
[10:04:43] <@wrbtrader> If it can return back into the range of the contracting volatility...I'll go long again
[10:04:58] <@wrbtrader> currently below that range by about 4 ticks
[10:08:52] <TigermanTrader> back and forth arount 94.8 for cl
[10:10:19] <@wrbtrader> markets seem like they're stuck in cement
[10:11:04] <@wrbtrader> volatility gone...
[10:11:17] <@wrbtrader> somebody has to make a move to shake things up
[10:11:26] <canaandog> go ahead :)
[10:11:42] <@wrbtrader> EuroFX, Eminis, Eurex, Gold, Crude or Treasuries...
[10:11:54] <@wrbtrader> As soon as the volatility enters one of them again...
[10:12:22] <@wrbtrader> It'll quickly shake up the hornet nest and the volatility will begin showing up in the other key markets
[10:12:28] <@wrbtrader> It's a waiting game
[10:19:49] <@wrbtrader> Geeesh...did the market fall asleep
[10:19:51] <@wrbtrader> :)
[10:22:08] <@wrbtrader> Getting closer to that "I forgot the EIA Report is not today" 1030am est price reaction
[10:22:11] <MattR_> seriously
[10:22:19] <diesel_> Weds that acts like a virtual Tues
[10:22:43] <@wrbtrader> Increasing volatility in Gold GC futures
[10:22:56] <@wrbtrader> lets see now how the volatility moves into other markets
[10:27:34] <@wrbtrader> Shorts Emini TF @ 986.30 -> large size
[10:27:44] <@wrbtrader> 6 contracts
[10:30:21] <@wrbtrader> Short Light Crude Oil CL @ 94.63 medium size
[10:30:31] <@wrbtrader> 3+1
[10:31:15] <@wrbtrader> tough price actions because of the volatility contraction...
[10:31:32] <@wrbtrader> EuroFX 6E futures volatility spike to the upside
[10:35:10] <@wrbtrader> Covered all Emini TF Short @ 985.80 --> + 0.5
[10:35:29] <@wrbtrader> too slow to grab the WRB pt1 :(
[10:35:41] <@wrbtrader> @ 985.20
[10:37:45] <@wrbtrader> increasing volatiling in Crude Oil CL futures
[10:39:05] <squiggles> CL retracing off high of 0918 to 0921 WRB HG
[10:39:32] <@wrbtrader> Cover all Light Crude Oil CL @ 94.83 -0.20
[10:40:49] <@wrbtrader> Shorts Emini TF @ 985.10 -> large size
[10:41:02] <@wrbtrader> 5+1
[10:41:09] <@wrbtrader> re-entry
[10:41:34] <@wrbtrader> geeesh...missed another WRB pt1
[10:43:10] <@wrbtrader> WRB pt2 reached
[10:44:51] <@wrbtrader> Covered all Emini TF Short @ 983.90 --> + 1.2
[10:47:38] <@wrbtrader> Short Light Crude Oil CL @ 94.66 medium size (re-entry)
[10:48:26] <@wrbtrader> 4 contracts
[10:49:02] <@wrbtrader> hmmm :(
[10:52:53] <@wrbtrader> regret letting go of the Emini TF to concentrate again on Crude Oil CL futures...its back to the contracting volatility
[10:56:48] <@wrbtrader> Shorts Emini TF @ 981.70 -> large size
[10:57:02] <@wrbtrader> 6 contracts
[10:57:30] <@wrbtrader> Cover all Light Crude Oil CL @ 94.65 +0.01
[10:57:52] <TigermanTrader> volatility increase on euro fx
[10:59:20] <@wrbtrader> WRB pt1 reached
[10:59:50] <@wrbtrader> Covered all Emini TF Short @ 980.60 --> + 1.1
[11:01:47] <@wrbtrader> Crude Oil volatility increasing...took too long for me
[11:02:21] <TigermanTrader> yeah I hope to enter short here
[11:02:40] <@wrbtrader> Shorts Light Crude Oil CL @ 94.25 -> large size
[11:03:03] <@wrbtrader> 4+2
[11:03:17] <@wrbtrader> oouch
[11:04:11] <TigermanTrader> short cl 92.22
[11:04:18] <TigermanTrader> intuition
[11:04:33] <@wrbtrader> Covered all Light Crude Oil CL Short @ 94.15 --> + 0.1
[11:04:34] <TigermanTrader> exit 94.17
[11:04:51] <@wrbtrader> my lucky trade of the day
[11:05:22] <@wrbtrader> order problem and got filled on market
[11:05:34] <@wrbtrader> wanted an entry around 94.35
[11:11:33] <@wrbtrader> volatility increasing again in Crude Oil CL futures to the downside
[11:16:45] <diesel_> can retire on this CL trade - bravo
[11:20:45] <@wrbtrader> EuroFX 6E futures volatility spike shook up the hornet nest...
[11:21:10] <@wrbtrader> Other key markets followed soon after via their own key changes in supply/demand
[11:24:11] <@wrbtrader> Long Gold GC @ 1390.00 -> small size
[11:24:26] <@wrbtrader> 1 contract
[11:25:25] <@wrbtrader> Exited Gold GC Long @ 1390.30 --> + 0.3
[11:26:26] <@wrbtrader> big difference between 1389 to 1390 :(
[11:27:29] <@wrbtrader> had that order in for awhile at the wrong price
[11:27:58] <@wrbtrader> reaction high was @ 1388.90
[11:28:15] <@wrbtrader> I mistaken thought it was 1389.90
[11:28:21] <@wrbtrader> filled at 1 tick above
[11:28:37] <@wrbtrader> lucky to get out with a profit
[11:50:52] * Looking up squiggles user info...
[11:51:07] * Looking up t4npaper user info...
[11:51:17] * Looking up diesel_ user info...
[11:51:58] * Looking up gary07 user info...
[11:52:11] * Looking up MattR_ user info...
[11:56:08] <@wrbtrader> Shorts Light Crude Oil CL @ 93.57 -> medium size
[11:57:05] -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
[11:57:05] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[11:57:29] <wrbtrader> 4 contracts on the Crude Oil
[11:58:59] <wrbtrader> 93.64 was a price I couldn't get originally
[11:59:15] <wrbtrader> should'uv been more patient
[12:09:13] <wrbtrader> Covered all Light Crude Oil CL Short @ 93.46 --> + 0.11
[12:22:52] <wrbtrader> FYI - We recently went over 20 members in here.
[12:23:18] <wrbtrader> Therefore, I will soon be password protecting the room again.
[12:23:40] <wrbtrader> Thus, if you're not a registered member of any of the discussion forums...
[12:23:48] <wrbtrader> You will not be able to get into the room.
[12:24:13] <wrbtrader> Therefore, make sure you join/register at the forums
[12:25:54] <wrbtrader> The following users I do not recognize as "registered members" of the forums:
[12:26:32] <wrbtrader> YMerUb, Sparrow1, ppmerces, gary07, focus21_ and diesel_
[12:27:24] <wrbtrader> If you guys are members of the forum, please send me a private message at the forum or here in the chat room to tell me your user name. If you're not a member, you need to register.
[12:27:58] <wrbtrader> I'm now sending those individuals a private message each
[12:28:17] <diesel_> thanks for the heads up;
[12:29:04] <MattR_> YM/SPX trying hard to break out downwards.
[12:29:41] <wrbtrader> I'll post the password tonight...password will be active tomorrow.
[12:29:54] <canaandog> k thx
[12:32:08] <diesel_> I looked at the site map - where does registration reside anyone?
[12:32:50] <wrbtrader> Very easy @ http://www.thestrategylab.com/tsl/forum
[12:33:06] <diesel_> thank you
[12:33:48] <wrbtrader> After you join...please post a "trader profile" @ http://www.thestrategylab.com/tsl/forum ... .php?f=127
[12:36:41] <wrbtrader> The trader profile will put you on the password access list.
[12:40:09] <ppmerces> http://www.netupload.org/files/kcxesbyi7xcghaqgxpia.png
[12:40:15] <ppmerces> is this gap hidden?
[12:40:31] <wrbtrader> Yes
[12:42:07] <ppmerces> I think I've learned. I reread the guide. thank you
[12:43:09] <t4npaper> short tf 983.0
[12:46:25] <t4npaper> exit 982.1
[12:46:31] <t4npaper> .9
[13:00:43] -ChanServ- The MLOCK for ##WRB_Analysis has been set to +k.
[13:01:56] <t4npaper> short tf 981.8
[13:08:34] <t4npaper> not looking good
[13:10:35] <@wrbtrader> Shorts Emini TF @ 981.90 -> small size
[13:10:54] <@wrbtrader> 3 contracts
[13:11:01] <t4npaper> exit 981.7 +.1
[13:11:25] <@wrbtrader> WRB pt1 (shadllow) reached
[13:12:01] <@wrbtrader> struggling to stay below S area of most recent UP WRB Hidden GAP
[13:12:08] <t4npaper> i was one tick from a full stop
[13:17:50] <@wrbtrader> Covered all Emini TF Short @ 981.80 --> + 0.1
[13:36:42] <t4npaper> long tf 984
[13:39:02] <t4npaper> pt1 reached
[13:40:48] <t4npaper> exit 986.5 +2.5
[13:42:50] <t4npaper> pt2
[13:45:26] <diesel_> nice trade T4
[13:50:09] <t4npaper> thanks, its rare :)
[13:53:10] <t4npaper> this mid day vol is also rare
[13:59:14] <@wrbtrader> FYI - The password to ##TheStrategyLab chat room will be posted tonight.
[13:59:42] <@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.
[14:06:50] <diesel_> where will password be posted? as a message for registered folks?
[14:45:01] <@wrbtrader> It will be posted @ http://www.thestrategylab.com/tsl/forum ... .php?f=164
[14:49:17] <diesel_> thank you
[14:52:59] <canaandog> back after some maintenance
[15:25:17] <t4npaper> long cl 93.07
[15:31:46] <t4npaper> exit 93.15 +.08
[15:47:37] * 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'
[15:47:37] * Set by wrbtrader on Tue Feb 05 08:11:19
[15:47:38] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[15:52:25] <t4npaper> gc spike
[15:52:25] <TigermanTrader> short iwm 98.17
[15:52:42] <TigermanTrader> exit iwm at 98.14
[16:09:47] <diesel_> gn all and thanks wrb
[16:24:43] <TigermanTrader> take care see all tomorrow
[19:50:12] <wrbtrader_away> Gotta remove folks temporary from the chat room so that I can do a quick code update.
[19:50:26] <wrbtrader_away> You can log back in...in about 5 minutes
[19:53:20] * Retrieving ##TheStrategyLab modes...
Session Close: Wed May 29 20:11:58 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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