Login    Forum    Search    FAQ



Post new topic Reply to topic Bookmark and Share  [ 1 post ] 
Author Message
 Post subject: June 11th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Jun 11, 2013 8:47 pm 
Offline
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:
061113-Key-Price-Action-Markets.png
061113-Key-Price-Action-Markets.png [ 523.82 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: Tue Jun 11 07:19:02 2013
Session Ident: ##TheStrategyLab
[07:19:02] * Now talking in ##TheStrategyLab
[07:19:02] * 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'
[07:19:02] * Set by wrbtrader on Tue Feb 05 08:11:19
[07:19:02] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:54:47] <canaandog> good morning
[09:01:12] <diesel> gm as well
[09:11:02] <MattyR> Good morning all
[09:11:56] <gary07> morning
[09:16:42] <Dtrader_> Good morning everyone
[09:18:51] <Trendtrader> gm all
[09:19:23] <MattR_> g'morning
[09:20:55] <squiggles> gday all
[09:30:52] <Trendtrader> Shorts Emini TF @ 979.2
[09:30:53] <Trendtrader> x2
[09:31:33] <canaandog> good sized normal gap in eminis
[09:33:34] <Trendtrader> Covered 1/2 Emini TF Short @ 977.2 --> + 2
[09:34:17] <TigermanTrader> gm all
[09:34:30] <Trendtrader> Covered Remainder Emini TF Short @ 975.2 --> + 4
[09:34:45] <diesel> nice ncie
[09:35:11] <TigermanTrader> strong sell pressure in e-minis
[09:35:42] <wrbtrader> Shorts Emini ES @ 1623.75 -> large size
[09:36:04] <wrbtrader> 15 contracts
[09:37:00] <MattR_> Volatility Spike in Gold GC Futures.
[09:37:18] <wrbtrader> Short Light Crude Oil CL futures @ 94.44 small size
[09:37:27] <wrbtrader> 3 contracts
[09:39:50] <TigermanTrader> I have problem with my main broker
[09:39:53] <wrbtrader> Covered all Emini ES Short @ 1622.75 --> + 1
[09:47:34] <wrbtrader> Crude Oil CL futures volatility fell off the planet :(
[09:48:45] <wrbtrader> Crude Oil CL futures volatility getting tighter
[09:50:49] <wrbtrader> Cover all Light Crude Oil CL futures @ 94.34 +0.10
[09:51:04] <wrbtrader> WRB pt1 reached
[09:52:17] <wrbtrader> Crude Oil CL completely retraced the recent WRB
[09:53:25] <MattR_> Holy Volatilty Spike, Oil!
[09:53:52] <diesel> really
[09:54:07] <TigermanTrader> long cl 94.61
[09:54:13] <TigermanTrader> pure intuition
[09:54:21] <wrbtrader> Crude Oil CL increasing volatility
[09:54:24] <MattyR> TF completely retraced since open also
[09:55:38] <TigermanTrader> exit cl long at 94.67 +6 tick
[09:55:59] <TigermanTrader> price slowly increase up in cl
[09:56:26] <TigermanTrader> try to retrace that wrb hg at 9:00 am
[09:57:07] <@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.
[09:57:38] <canaandog> tf filled but then retraced back out of wrb hg on 6/6 1530-1600
[10:01:01] <@wrbtrader> Emini ES futures climbing upwards the most recent long upper shadow
[10:03:36] <@wrbtrader> Long Emini ES @ 1628.50 -> large size
[10:03:55] <@wrbtrader> 10+5 contracts
[10:05:27] <@wrbtrader> Exited all Emini ES Long @ 1627.25 --> - 1.25
[10:07:19] <@wrbtrader> Long Emini ES @ 1628.00 -> large size
[10:07:34] <@wrbtrader> 25 contracts
[10:09:18] <@wrbtrader> increasing volatility in different key markets
[10:09:58] <@wrbtrader> Exited all Emini ES Long @ 1626.00 --> - 2
[10:10:31] <@wrbtrader> back inside the range of a prior filled BIG Down WRB Hidden GAP
[10:11:52] <@wrbtrader> That's a 3 point Hidden GAP...big enough for the price action of Emini ES to hang out within for a long time between the R and S areas
[10:23:03] <@wrbtrader> Long Emini ES @ 1627.00 -> large size
[10:23:25] <@wrbtrader> early entry before the interval completed
[10:24:04] <@wrbtrader> 5+20
[10:25:34] <@wrbtrader> another volatility stall
[10:25:54] <@wrbtrader> Exited all Emini ES Long @ 1627.25 --> + 0.25
[10:26:43] <@wrbtrader> Long Emini ES @ 1628.00 -> large size
[10:27:04] <@wrbtrader> 25 contracts
[10:27:43] <@wrbtrader> By the way, overall volatility in the markets has been declining the past few trading days.
[10:28:07] <diesel> how do you measure overall volatility?
[10:28:27] <@wrbtrader> Reason why we see markets like Emini ES, Crude Oil, Brent Oil, Gold GC get stuck inside of these long enduring volatility contractions or declining volatility
[10:28:46] <diesel> txs
[10:28:51] <@wrbtrader> diesel...less WRBs or less WRB Hidden GAPs or less WRB Zones...
[10:29:08] <@wrbtrader> Less of any of those WRB compents = Declining Volatility
[10:29:21] <@wrbtrader> compents = components
[10:29:22] <diesel> txs
[10:29:36] <MattyR> that makes sense
[10:30:48] <@wrbtrader> more data problems :(
[10:31:14] <@wrbtrader> This time I have my backup system running
[10:31:24] <@wrbtrader> WRB pt1 reached
[10:35:10] <squiggles> Wrbtrader, are most of your data problems usually caused by internet provider or broker ?
[10:35:17] <@wrbtrader> Exited all Emini ES Long @ 1630.75 --> + 2.75
[10:35:30] <@wrbtrader> By my ISP
[10:36:13] <@wrbtrader> If/when I have problems...a few times per year...its primarily my ISP
[10:36:29] <squiggles> thanks
[10:37:06] <@wrbtrader> Recently, there's been about 400 condo units built nearby...major construction work.
[10:37:15] <@wrbtrader> Folks started moving in the past month.
[10:38:02] <@wrbtrader> Wouldn't be surprise if some server I was on is now getting "crowded" or congested if the cable company hasn't adjusted its compacity
[10:38:35] <diesel> has speed dropped?
[10:39:05] <squiggles> Wireless especially vulnerable to conjestion probs
[10:39:33] <@wrbtrader> speed has dropped a little and I have more disconnections in the evenings
[10:39:43] <diesel> http://www.speedtest.net/
[10:39:58] <diesel> I am sur eyou have it
[10:40:29] <@wrbtrader> yep
[10:42:49] <@wrbtrader> My download speed normally around 30 Mbps but has been around 21 Mbps the past month.
[10:43:09] <diesel> 30 is imprssive, i am @ 9.8
[10:43:20] <@wrbtrader> Ping normally around 8 ms and about 13 ms the past month
[10:43:46] <TigermanTrader> good data wrbtrader is it in fiber optics?
[10:43:46] <@wrbtrader> Cable company got too many new clients in my area the past month :(
[10:44:00] <@wrbtrader> Tigerman...I think so
[10:44:01] <MattR_> wow, 8ms ping is pretty sweet.
[10:44:05] <@wrbtrader> not sure
[10:44:37] <MattR_> wrbtrader: Is that the ping to the brokerage or the ping to the router's gateway?
[10:44:46] <TigermanTrader> how much do you pay x month ?
[10:44:48] <MattR_> 8ms is insanely fast.
[10:45:15] <TigermanTrader> yeah wrbtrader can do HFT trading :)
[10:45:21] <MattR_> haha, seriously.
[10:45:37] <@wrbtrader> Long Emini ES @ 1632.25 -> large size
[10:46:09] <@wrbtrader> Yeah...I'm paying $35 more per month to get it.
[10:46:50] <squiggles> Just done a test here 9.05 Mbps download speed but ping much slower than yours 46 ms
[10:46:59] <@wrbtrader> Funny thing...as soon as I got it...my data usage almost double but I'm doing almost the exact same thing I've done the past several years.
[10:47:17] <MattR_> hah
[10:47:18] <@wrbtrader> That tells me that the ISP puts some sort CAP on the data speed
[10:47:53] <MattR_> I believe it. Time-Warner just bought my ISP, and there are no good alternatives in the area.
[10:47:53] <TigermanTrader> yep to seve more clients
[10:47:53] <@wrbtrader> 15 contracts
[10:48:15] <@wrbtrader> Emini ES futures Creeper Up Movement still active
[10:48:24] <TigermanTrader> anyway 35$ is good to that speed
[10:48:37] <@wrbtrader> Long Emini ES @ 1631.75 -> Add
[10:48:55] <@wrbtrader> 10 added
[10:50:04] <TigermanTrader> wrbtrader now you load the boat a lot because the ES trading
[10:50:16] <TigermanTrader> very liquid :)
[10:51:11] <@wrbtrader> Yeah...I can't do this in Emini TF and Crude Oil CL unless I get more into "scaling in"
[10:51:35] <@wrbtrader> Other key markets losing steam
[10:53:27] <@wrbtrader> Exited all Emini ES Long @ 1631.25 --> - 1.5
[10:55:12] <@wrbtrader> Creeper Up Movement still active
[10:55:30] <@wrbtrader> Thus, will re-entry if something looks good soon
[10:56:02] <@wrbtrader> Long Emini ES @ 1631.00 -> large size
[10:56:09] <@wrbtrader> 25 contracts
[10:56:15] <@wrbtrader> re-entry
[10:56:44] <@wrbtrader> hate getting losses when I have the direction correct...
[10:56:58] <@wrbtrader> re-entries have been very helpful the past few years involving such
[10:57:07] <MattyR> just like we were saying the other night
[10:57:14] <@wrbtrader> Emini ES increasing volatility
[10:57:51] <@wrbtrader> data stall
[10:57:57] <@wrbtrader> WRB pt1 reached
[10:59:50] <@wrbtrader> trailing @ profit
[11:02:30] <@wrbtrader> Exited all Emini ES Long @ 1632.50 --> + 1.5
[11:03:02] <@wrbtrader> lucky exit because I had no data for about 40 seconds
[11:03:30] <@wrbtrader> now cable TV acting strange...very pixalated
[11:05:34] <@wrbtrader> Long Emini ES @ 1632.50 -> large size
[11:05:42] <@wrbtrader> re-entry
[11:05:51] <@wrbtrader> 15 contracts
[11:08:53] <@wrbtrader> increasing volatility
[11:09:15] <@wrbtrader> meant decreasing volatility with tightning it the range
[11:09:41] <@wrbtrader> Emini ES moving back n forth between WRB Hidden GAPs
[11:10:24] <diesel> TF no better
[11:10:41] <MattR_> nor YM
[11:10:48] <diesel> or NQ
[11:11:09] <@wrbtrader> Yeah, lately the markets haven't been too inspiring overall
[11:11:40] <@wrbtrader> Trading has become more of a struggle since late last week
[11:15:42] <@wrbtrader> Exited all Emini ES Long @ 1634.00 --> + 1.5
[11:15:49] <@wrbtrader> WRB pt1 reached
[11:17:25] <squiggles> CL expanding volatility
[11:26:21] <@wrbtrader> WRB Creeper Up Movement still active in the Emini Futures
[11:26:27] <@wrbtrader> Eurex Futures too
[11:36:16] <t4npaper> gold oil retraced recent wrb
[12:22:40] * MattR___ is now known as MattR_
[13:25:53] <TigermanTrader> take care all see next time
[13:27:24] <diesel> gn T
[14:01:32] <@wrbtrader> Shorts Emini ES @ 1626.50 -> large size
[14:02:04] <@wrbtrader> 15 contracts
[14:02:28] <@wrbtrader> Covered all Emini ES Short @ 1627.00 --> - 0.5
[14:03:49] <@wrbtrader> Shorts Emini ES @ 1627.50 -> large size
[14:03:57] <@wrbtrader> re-entry
[14:06:24] <t4npaper> i couldnt find any entries in this drop
[14:06:52] <@wrbtrader> I just got back and missed most of it :(
[14:09:40] <@wrbtrader> Covered all Emini ES Short @ 1627.25 --> + 0.25
[14:09:51] <@wrbtrader> long shadow snap back
[14:26:48] <MattR_> go go gadget OIL
[14:26:59] <t4npaper> cl moving up into the 230
[14:27:22] <t4npaper> no entries offered far as i can see
[14:27:41] <t4npaper> cl likes to make a move into the 230
[14:27:48] <t4npaper> i was ready, but nothing showed
[14:46:46] <MattR_> Volatility Spike in Crude Oil CL Futures.
[14:48:31] <@wrbtrader> Shorts Emini ES @ 1629.75 -> large size
[14:48:46] <@wrbtrader> long shadows again
[14:49:07] <@wrbtrader> 15 contracts
[14:49:53] <@wrbtrader> another data stall
[14:53:16] <@wrbtrader> Covered all Emini ES Short @ 1628.25 --> + 1.5
[14:53:23] <@wrbtrader> WRB pt1 reached
[14:55:57] <@wrbtrader> snap back
[15:13:59] <t4npaper> long tf 984
[15:15:32] <t4npaper> exit 985.3 +1.3
[15:33:12] <t4npaper> minis getting active
[15:42:32] <@wrbtrader> Shorts Emini ES @ 1627.00 -> large size
[15:42:46] <@wrbtrader> chasing with 25 contracts
[15:45:16] <@wrbtrader> Covered all Emini ES Short @ 16265.50 --> - 14638.5
[15:45:22] <@wrbtrader> ooops
[15:45:37] <@wrbtrader> Covered all Emini ES Short @ 1625.50 --> + 1.5
[15:46:08] <@wrbtrader> Actual trade signal @ 1628.25
[15:46:27] <@wrbtrader> Thus, that's a -1.25 chaser
[15:46:57] <@wrbtrader> had another data stall and then I decided the volatility was still there to allow for a chaser with a poor entry
[15:47:31] <@wrbtrader> Yet, without the 1.25 wiggle room...had to cover at a WRB pt1 instead of trying for a bigger trade
[15:51:06] <t4npaper> good management
[15:58:41] <@wrbtrader> Shorts Emini TF @ 981.30 -> medium size
[15:58:49] <@wrbtrader> 4 contracts
[16:00:30] <@wrbtrader> Covered all Emini TF Short @ 981.60 --> - 0.3
[16:01:14] <@wrbtrader> Good trade entry but the volatility just couldn't push it continously lower
[16:02:50] <@wrbtrader> I didn't trade Crude Oil CL futures after 2pm est during the big up movement because I wasn't watching it.
[16:03:39] <@wrbtrader> I had closed the Crude & Brent Oil charts to see if it would my charts to prevent the data stalls.
[16:03:51] <@wrbtrader> See all tomorrow...bye
[16:04:03] <diesel> gn
[16:04:18] <diesel> and thanks
[16:11:07] <MattR_> g'night

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

##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


Top 
 Profile E-mail  
 
Display posts from previous:  Sort by  
 
Post new topic Reply to topic Bookmark and Share  [ 1 post ] 


Who is online

Users browsing this forum: No registered users and 3 guests

 
 

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr