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 Post subject: June 10th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Jun 11, 2013 5:28 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, WRB profit targets, Key Market Events) 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 required to post at least one WRB Analysis price action commentary per day they log-in to the chat room. Yet, if the trader decides to post real-time trades (simulator or real-money)...the trades must be clear (not ambiguous) entry price/exit price and position size. Traders that consistently log-in and not post any price action commentary involving WRB Analysis or 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:
061013-Key-Price-Action-Markets.png
061013-Key-Price-Action-Markets.png [ 536.52 KiB | Viewed 255 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: Mon Jun 10 09:26:38 2013
Session Ident: ##TheStrategyLab
[09:26:38] * Now talking in ##TheStrategyLab
[09:26:38] * 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'
[09:26:38] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:26:38] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:29:46] <Trendtrader> gm all
[09:30:14] <Trendtrader> Shorts Emini TF @ 989.2
[09:30:15] <Trendtrader> x2
[09:30:55] <TigermanTrader> gm all
[09:35:48] <Trendtrader> Covered 1/2 Emini TF Short @ 987.4 --> + 1.8
[09:37:48] <Trendtrader> Covered Remainder Emini TF Short @ 986.7 --> + 2.5
[09:38:10] <diesel_> nice TT
[09:40:14] <Trendtrader> thanks. was looking at 2013-06-04 5min wrb at 10:50
[09:44:54] <MattR_> KME in 5 mninutes. FOMC Member Bullard speaks.
[09:45:21] <@wrbtrader> Shorts Emini ES @ 1641.50 -> large size
[09:45:35] <@wrbtrader> still a lot of down pressure
[09:45:45] <@wrbtrader> 25 contracts
[09:46:45] <@wrbtrader> first counter-thrust
[09:47:09] <@wrbtrader> Covered all Emini ES Short @ 1642.50 --> - 1
[09:47:25] <@wrbtrader> retracing back to the most recent long upper shadow
[09:47:47] <Trendtrader> 2min?
[09:48:19] <@wrbtrader> Shorts Emini ES @ 1641.50 -> large size
[09:48:27] <@wrbtrader> re-entry
[09:48:48] <@wrbtrader> support showing up
[09:49:18] <@wrbtrader> volatility declining and range getting tighter
[09:50:34] <@wrbtrader> Covered all Emini ES Short @ 1642.50 --> - 1
[09:53:48] <@wrbtrader> Shorts Emini ES @ 1642.00 -> large size
[09:53:54] <@wrbtrader> re-entry
[09:57:06] <@wrbtrader> Covered all Emini ES Short @ 1641.75 --> + 0.25
[09:57:23] <@wrbtrader> ranging and the volatility is still declining
[09:58:01] <@wrbtrader> Gold GC futures and Crude Oil CL futures doing the same
[10:00:01] <@wrbtrader> Shorts Emini ES @ 1642.25 -> large size
[10:00:06] <@wrbtrader> re-entry
[10:02:16] <@wrbtrader> volatility increasing again
[10:02:27] <@wrbtrader> WRB pt1 reached
[10:02:45] <@wrbtrader> will hold to see if it can traverse into a WRB Hidden GAP pt1
[10:03:55] <@wrbtrader> WRB Hidden GAP pt1 reached @ 1639.75
[10:05:42] <@wrbtrader> :(
[10:05:53] <@wrbtrader> will do a reboot after I close this trade
[10:06:43] <@wrbtrader> I lost about 4 Emini ES points on Friday due to ISP problems with my connection
[10:07:42] <@wrbtrader> Covered Emini ES Short @ 1638.50 --> + 3.75
[10:08:00] <@wrbtrader> WRB pt2 reached
[10:08:15] <@wrbtrader> now my audio speakers went dead...geeesh
[10:08:26] <MattR_> yikes!
[10:09:10] <@wrbtrader> can't hear the volatility noise ticks increase on increasing volatility or audio decrease noise on decreasing volatility
[10:14:41] * chithi was kicked by wrbtrader (Three consecutive trading days of not discussing anything related to WRB Analysis)
[10:14:59] * diesel_ was kicked by wrbtrader (Three consecutive trading days of not discussing anything related to WRB Analysis)
[10:15:07] * YMerUb was kicked by wrbtrader (Three consecutive trading days of not discussing anything related to WRB Analysis)
[10:15:19] * YMerUBdx was kicked by wrbtrader (Three consecutive trading days of not discussing anything related to WRB Analysis)
[10:22:36] <@wrbtrader> Reminder - Don't let the auto script KICK you from the room a 4th time...its set to BAN (not kick) on the 4th time.
[10:23:11] <@wrbtrader> Easily avoid being ban via posting a minimum of ONE WRB Analysis commentary per day of chat room use
[10:23:20] <MattR_> Do "consecutive days" count the weekend?
[10:23:28] <@wrbtrader> Yep
[10:23:44] <@wrbtrader> Don't log in on the weekends because the auto script doesn't know its the weekend :)
[10:23:51] <MattR_> haha, ok
[10:24:05] <MattR_> or be sure to post something on both Friday and Monday. ;-)
[10:24:12] <@wrbtrader> Yep
[10:25:19] <@wrbtrader> Some in here are "exempt" because they are actively posting at the forum in their private thread or actively posting in the private chat room.
[10:26:19] <@wrbtrader> assuming they don't log in here via a different user name
[10:30:06] <@wrbtrader> Emini TF futures retraced back to the WRB Hidden GAP with long upper shadow of 0932am - 0934am est (2min chart)
[10:30:22] <@wrbtrader> via testing the S area of the WRB Hidden GAP
[10:33:24] <diesel_> did you hear volitility contract prior to retesting?
[10:35:43] <@wrbtrader> I have no audio...just visual of volatility contraction
[10:36:33] <@wrbtrader> I use audio when I'm in the other room and not at the compute or when I'm monitoring a trading instrument while not visually viewing its chart for whatever reasons
[10:36:52] <diesel_> txs
[10:43:12] <@wrbtrader> Emini TF now above the R area of the mentioned WRB Hidden GAP
[10:49:24] <MattR_> Crude Oil CL Futures increasing volatility
[10:55:03] <squiggles> Low volatility steady up Tf CL 2m charts now turning down
[10:59:53] <Dtrader_> Hey wrb, what do you use for audio volatility?
[11:00:31] <@wrbtrader> sound of tick change
[11:01:47] <@wrbtrader> Usually software that allows you to "filter" your time & sales...
[11:02:00] <@wrbtrader> They make a sound on the tick changes
[11:02:33] <@wrbtrader> Filter like show only size > 5
[11:03:27] <@wrbtrader> Most charting or trade execution platforms that allows filtering...they also make a audio sound on every size tick
[11:04:28] <@wrbtrader> I use something similar for mIRC itself
[11:04:55] <@wrbtrader> I have a script that makes an audio sound for any key word I want it to follow.
[11:05:45] <@wrbtrader> Everytime those key words are typed in here...it makes a beep sound or whatever sound I want it to make via the .wav file I set as default
[11:06:44] <Dtrader_> Ok. Thank you
[11:12:18] <TigermanTrader> oil cl contracting near support of previous WRB HG at 10:54-10:56
[11:18:45] <@wrbtrader> Shorts Emini ES @ 1645.00 -> medium size
[11:18:57] <@wrbtrader> 5 contracts
[11:20:04] <@wrbtrader> Gold GC futures still fairly calm
[11:20:28] <@wrbtrader> Crude Oil CL futures showed some life but has gone back into low volatility tight trading range mode
[11:20:38] <@wrbtrader> EuroFX 6E futures volatility spike
[11:22:47] <@wrbtrader> looking for a Houdini Escape
[11:23:02] <@wrbtrader> trade error now noticed
[11:24:27] <@wrbtrader> the current volatility contraction is helping to keep Emini ES from surging upwards
[11:24:34] <@wrbtrader> so far
[11:25:09] <@wrbtrader> Covered all Emini ES Short @ 1646.00 --> - 1
[11:26:34] <@wrbtrader> Long Emini ES @ 1646.00 -> medium size
[11:26:47] <@wrbtrader> Emini ES Creeper Up Movement still active
[11:27:12] <@wrbtrader> 5 contracts
[11:27:43] <@wrbtrader> Exited all Emini ES Long @ 1645.00 --> - 1
[11:27:58] <@wrbtrader> starting to feel like I'm trading in another 1 point range :(
[11:29:20] <squiggles> GC waking up , volatility
[11:29:36] <TigermanTrader> wrb spike in euro fx
[11:31:39] <squiggles> GC WRB HG 1128 to 1130
[11:31:45] <@wrbtrader> Shorts Emini ES @ 1644.25 -> large size
[11:31:53] <@wrbtrader> 10 contracts
[11:39:27] <@wrbtrader> Covered all Emini ES Short @ 1644.00 --> + 0.25
[11:39:44] <@wrbtrader> another low volatility tight trading range showing up
[11:39:54] <@wrbtrader> early exit but I lost my patience
[11:44:14] <TigermanTrader> long 6E 1.3235
[11:46:32] <TigermanTrader> exit 6E at 1.3238
[11:46:46] <TigermanTrader> trail pick up after a shallow target reached
[11:54:33] <TigermanTrader> take care all see next time
[12:12:32] <t4npaper> volatility really poor now
[12:18:37] <MattR_> Increasing Volatility in Gold GC Futures.
[12:51:00] <@wrbtrader> Shorts Emini TF @ 1643.25 -> large size
[12:51:43] <@wrbtrader> Emini ES trying a lot to travel along the prior lower shadow
[12:51:54] <@wrbtrader> volatility spike
[12:54:53] <@wrbtrader> Covered all Emini TF Short @ 1642.50 --> + 0.75
[13:10:39] <MattR_> Contracting Volatility in Stock Indexes.
[13:11:32] <MattR_> looking for a downside breakout, but seems less and less likely
[13:12:02] <MattR_> Mini Dow hanging out inside WRB HG from 12:50-12:52.
[13:42:25] * MattR___ is now known as MattR_
[13:50:09] <t4npaper> short cl 95.70
[13:53:55] <t4npaper> exit 95.79 -9
[14:42:05] <@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.
[14:53:44] <t4npaper> minis getting active
[15:19:28] <t4npaper> tf testing res from WRBhg prior to open
[15:29:19] <t4npaper> lots of lower shadows many time frames
[15:30:44] <t4npaper> 990.7 key price area...
[15:38:13] <YMerUB> AAPL falls on WorldWide Developer Conference fizzler, hits NQ
[15:58:22] <@wrbtrader> Long Emini TF @ 991.10 -> medium size
[15:58:33] <@wrbtrader> 3+1
[15:58:54] <@wrbtrader> WRB pt1 (shallow) reached
[15:59:37] <@wrbtrader> Exited 1/2 Emini TF Long @ 992.20 --> + 1.1
[16:00:34] <@wrbtrader> Exited Remainder Emini TF Long @ 992.00 --> + 0.9
[16:01:03] <@wrbtrader> Take care all and see all tomorrow
[16:01:26] <diesel_> gn WRB
Session Close: Mon Jun 10 17:22:46 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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