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 Post subject: June 7th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Jun 07, 2013 11:42 am 
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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:
060713-Key-Price-Action-Markets.png
060713-Key-Price-Action-Markets.png [ 521.15 KiB | Viewed 246 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: Fri Jun 07 08:36:28 2013
Session Ident: ##TheStrategyLab
[08:36:28] * Now talking in ##TheStrategyLab
[08:36:28] * 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'
[08:36:28] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:36:28] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:22:50] <Trendtrader> gm all
[09:30:11] <canaandog> good morning
[09:32:04] <Trendtrader> Long Emini TF @ 982.3
[09:32:05] <Trendtrader> x2
[09:33:54] <@wrbtrader> Long Emini ES @ 1630.75 -> large size
[09:34:11] <@wrbtrader> 25
[09:34:45] <@wrbtrader> Exited all Emini ES Long @ 1630.00 --> - 0.75
[09:37:48] <@wrbtrader> Shorts Emini ES @ 1629.00 -> large size
[09:38:08] <@wrbtrader> 25 contracts
[09:39:02] <canaandog> cl spike
[09:41:01] <@wrbtrader> WRB pt1 reached
[09:42:07] <squiggles> KME at 0830 produced a 7.1 TF range in the space of just 1m
[09:44:28] <squiggles> with most of the action within just 15 second time span
[09:46:40] <@wrbtrader> Covered all Emini ES Short @ 1627.75 --> + 1.25
[09:51:16] * chithi_ was kicked by wrbtrader (not participating with conversations about WRB Analysis)
[09:51:42] <@wrbtrader> Oh oh...auto script caught someone not participating :(
[09:52:20] <@wrbtrader> Yep, it will boot me too if I don't say anything about WRB Analysis :)
[09:52:55] <@wrbtrader> Emini TF futures most recent Down WRB Hidden GAP @ 0928am - 0930am est
[09:54:30] <MattR_> Contracting Volatility in Crude Oil CL Futures
[09:55:03] <MattR_> Will IRC let you kick yourself? ;-)
[09:55:16] * MattR_ kicks self
[09:57:07] <@wrbtrader> MattR...if you're the OP...it will.
[09:57:22] <@wrbtrader> I also have a auto flood active...
[09:57:46] <@wrbtrader> That means if I copy/paste a big message in here...it will automatically KICK me from the room.
[09:57:58] <@wrbtrader> Flooding is a tactic use by spammers.
[09:58:44] <@wrbtrader> Yep, I accidentally got banned from my own room because I once copied a big message from MarketWatch and pasted in here.
[09:59:13] <@wrbtrader> That's why you know only see me posting LINKS to market stories instead of copy paste the content in here.
[10:00:03] <@wrbtrader> Long Emini ES @ 1633.00 -> large size
[10:00:21] <@wrbtrader> climbing the range of a prior long upper shadow
[10:00:38] <@wrbtrader> 25 contracts
[10:01:47] <@wrbtrader> snap back
[10:02:10] <Trendtrader> Exited all Emini TF Long @ 982.1 --> - 0.2
[10:03:58] <@wrbtrader> WRB pt1 reached
[10:05:06] <@wrbtrader> Exited all Emini ES Long @ 1634.50 --> + 1.5
[10:05:43] <squiggles> CL going for a run
[10:06:14] <@wrbtrader> gotta take a break
[10:12:23] <canaandog> the bummer is I was long cl 94.50 and got out at wrb pt1
[10:12:37] <canaandog> not the best trade mgmt in hindsight
[10:18:25] <squiggles> Hindsight, ah, don't dwell too long on that
[10:20:16] <gary07> wrb formed in tf
[10:20:34] <gary07> little late on that post sorry
[10:20:36] <canaandog> I know; no point beyond learning to read mkt better
[10:27:51] <canaandog> cl now chopping
[10:30:57] <squiggles> TF and GC likewise
[11:41:46] <squiggles> CL WRB HG 1138 to 1140
[11:59:00] <canaandog> 6e spike
[12:16:07] <MattR_> Crude Oil CL Futures stuck inside range of WRB HG 11:39-11:42.
[13:24:43] <t4npaper> short gc 1381.7
[13:25:14] <t4npaper> pulling back hard
[13:25:37] <t4npaper> error...
[13:26:02] <@wrbtrader> Story About How High Frequency Trading (HFT) got started @ http://www.businessweek.com/articles/20 ... fall#r=rss
[13:26:14] <t4npaper> exit 1383.1
[13:26:32] <@wrbtrader> Increasing volatility in Emini futures and Light Crude Oil CL futures
[13:32:55] <@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.
[13:48:16] <@wrbtrader> Shorts Emini TF @ 984.70 -> small size
[13:48:27] <@wrbtrader> 2 contracts
[13:59:36] <@wrbtrader> WRB pt1 reached
[14:00:41] <@wrbtrader> Covered all Emini TF Short @ 983.70 --> + 1
[14:26:11] <@wrbtrader> Shorts Emini ES @ 1633.00 -> large size
[14:26:33] <@wrbtrader> Emini ES climbing down the Creeper Down Movement
[14:26:41] <@wrbtrader> 25 contracts
[14:27:23] <@wrbtrader> volatility struggling now
[14:27:45] <@wrbtrader> long lower shadows showing up
[14:30:21] <@wrbtrader> volatility contracting :(
[14:31:13] <@wrbtrader> Covered all Emini ES Short @ 1633.00 --> 0
[14:31:30] <@wrbtrader> looks like Emini ES hit a wall
[14:31:40] <@wrbtrader> meant support
[14:32:14] <@wrbtrader> contracting volatility not helping
[14:33:05] <@wrbtrader> 1633.50 is a support area and a prior reaction high
[14:33:19] <t4npaper> short tf 982
[14:42:51] <t4npaper> testing some res
[14:44:48] <@wrbtrader> Emini ES Creeper Down Movement still active
[14:47:08] <@wrbtrader> Shorts Emini ES @ 1634.25 -> large size
[14:47:18] <@wrbtrader> 25 contracts
[14:47:40] <@wrbtrader> lets see if it will take on that prior support area / reaction point
[14:49:11] <@wrbtrader> nope
[14:49:41] <@wrbtrader> Covered all Emini ES Short @ 1635.75 --> - 1.5
[14:50:08] <@wrbtrader> Prior WRB Hidden GAP filled
[14:50:10] <t4npaper> sheesh...
[14:50:16] <t4npaper> exit 984 -2
[14:50:55] <@wrbtrader> Long Emini ES @ 1636.50 -> large size
[14:51:07] <t4npaper> I should have gotten out earlier than that
[14:51:19] <t4npaper> in the whole for the month now...
[14:51:19] <@wrbtrader> volatility increasing
[14:52:54] <@wrbtrader> data stutter :(
[14:53:02] <@wrbtrader> as in sticky data now for me
[14:53:21] <@wrbtrader> reason for the earlier disconnection
[14:53:27] <@wrbtrader> could be ISP problems
[14:54:09] <@wrbtrader> same reason why I stopped trading earlier today
[14:54:30] <@wrbtrader> may do a quick reboot after this trade is closed
[14:55:16] <@wrbtrader> Exited all Emini ES Long @ 1637.00 --> + 0.5
[14:56:09] <@wrbtrader> taking a break to try to fix this again
[15:16:05] <t4npaper> long tf 984.7
[15:20:36] <t4npaper> exit 984.9 +.2
[15:44:35] <wrbtrader> Long Emini ES @ 1639.75 -> large size
[15:44:59] <wrbtrader> re-entry from prior connection problems
[15:46:05] <t4npaper> long tf 986
[15:48:07] <wrbtrader> Long Emini TF @ 986.40 large size
[15:48:20] <wrbtrader> 7 contracts
[15:50:26] <wrbtrader> Exited all Emini ES Long @ 1641.25 --> + 1.5
[15:51:32] <t4npaper> exit 987.4 +1.4
[15:52:17] <wrbtrader> Exit Emini TF @ 987.50 + 1.10
[15:52:36] <wrbtrader> WRB pt1 reached in both Emini ES futures and Emini TF futures
[15:54:36] <wrbtrader> Creeper Up Movement still active
[15:55:20] <wrbtrader> Long Emini TF @ 988.20 -> medium size
[15:55:29] <wrbtrader> 4 contracts
[15:55:43] <t4npaper> gold testing lows
[15:56:58] <wrbtrader> A lot of WRB Hidden GAPs providing support so far in this price action for the Emini futures
[15:57:12] <wrbtrader> makes for nice stop management too
[15:58:20] <wrbtrader> snap back
[15:58:54] <wrbtrader> The reason why I exited the Emini ES trade because I've never liked its 4pm est rush hour traffic
[15:59:22] <wrbtrader> Exited all Emini TF Long @ 987.40 --> - 0.8
[15:59:31] <wrbtrader> volatility increasing
[15:59:50] <wrbtrader> through R area and now the S area of the most recent Up WRB Hidden GAP
[16:00:27] <wrbtrader> Shorts Emini TF @ 985.70 -> medium size
[16:00:36] <wrbtrader> 2+2
[16:00:56] <wrbtrader> WRB Hidden GAP range failure
[16:01:13] <wrbtrader> now resting the next WRB Hidden GAP range
[16:06:25] <wrbtrader> looks like just us retail folks still trading...volatility dried up
[16:06:54] <wrbtrader> It's a Friday, time to relax
[16:10:26] <wrbtrader> WRB pt1 reached
[16:10:35] <canaandog> have a good weekend
[16:10:43] <wrbtrader> Covered all Emini TF Short @ 984.50 --> + 1.2
[16:11:11] <wrbtrader> Have a nice weekend all...take care
[16:11:43] * wrbtrader is now known as wrbtrader_away
Session Close: Fri Jun 07 16:21:53 2013

-------------------------

##TheStrategyLab (located on the Freenode IRC network) is free and is a serious professional trading chat room involving WRB Analysis in which any trader (position trading, swing trading, day trading) can use the chat room to post their trades or commentaries about stocks, futures, exchange traded funds or forex currencies. Simply, you don't need to be a client of TheStrategyLab.com to use the chat room nor do you need to be a price action trader (no indicators) because some members use indicators while others do not. Yet, the only requirement is that you want to learn WRB Analysis.

Therefore, we welcome all traders that want to learn about WRB Analysis regardless if they are beginners or experience traders in price action trading.

The purpose of ##TheStrategyLab is that it's designed to be a trade journal for documentation purposes only so that members can have a time stamp archive of trades and market commentaries of each trading day so that they can better understand their broker statements from one trade to the next trade when they review their performance numbers on any given trading day.

Further, members are not obligated to educate nor help other members but members are encourage to ask questions about any trades or market commentaries that's posted by others because sometimes the answers contains useful trading tips.

In addition, our primary job in the free chat room is to moderate the room (keep the peace) because with so many members using different trade signal methods along with different opinions about the market...debates or arguments can easily flare up without moderating. In addition, our presence in the chat room is to ensure it's a spam free chat room during trading although these archived chat logs may contain advertisements for guest visitors.

Commonly discussed trading instruments from stocks, futures, exchange traded funds and forex currencies:

Image CME Emini Futures EMD, ES and NQ

Image ICE Emini TF Futures (formerly CME ER2)

Image CBOT mini-sized Dow Futures YM

Image Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Image Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Image Euronext Futures FTSE-100 and CAC-40

Image CME Futures EuroFX 6E and EC

Image Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Image Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen and Usd/Cad

Image Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

Image NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

Image COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

Image S&P CNX NIFTY Futures

Image Hang Seng Index Futures HSI and mini-Hang Seng MHI

Also, to prevent the usual mix-up about our different chat rooms, most of our fee-base clients do not use chat rooms just like most retail traders do not use chat rooms. Yet, the few clients that do use chat rooms, our fee-base clients are discussing market analysis or price action only trade signals via concepts from our strategies in the private chat rooms called ##VolatilityTradingTSL or ##WRB_Analysis and they're not allowed to do such in ##TheStrategyLab.

Reminder, our Terms of Use (TOU) Policy is a must read to prevent any misunderstandings along with revealing that ##TheStrategyLab is a serious professional price action trading chat room and we expect members to act professional. Also, these logs may have been edited (rarely) to remove any messages that a member has complained to me via private message that they consider a particular commentary to be inappropriate, offending or too far in the off topic area that's a distraction when the commentary was posted.

Note: chat logs saved (timestamp) from Québec, Canada in eastern daylight time

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body/wide range bar analysis)
Price Action Trading
Image@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
intradaystrategies@yahoo.com
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


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