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 Post subject: June 12th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Jun 13, 2013 5:31 am 
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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
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Business Hours: 8am - 5pm est (Mon - Fri)
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##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:
061213-Key-Price-Action-Markets.png
061213-Key-Price-Action-Markets.png [ 516.76 KiB | Viewed 282 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 Jun 12 06:31:25 2013
Session Ident: ##TheStrategyLab
[06:31:25] * Now talking in ##TheStrategyLab
[06:31:25] * 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'
[06:31:25] * Set by wrbtrader on Tue Feb 05 08:11:19
[06:31:25] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:07:54] <diesel_> gm gents
[09:17:30] <MattyR> gm everyone
[09:19:50] <canaandog> good morning :)
[09:19:55] <Trendtrader> gm all
[09:20:28] <canaandog> cl nice lunge at its open
[09:26:51] <MattR_> g'morning
[09:29:50] <Trendtrader> Shorts Emini TF @ 987.3
[09:29:51] <Trendtrader> x2
[09:34:54] <Trendtrader> Covered all Emini TF Short @ 987.3 --> 0
[09:35:04] <Trendtrader> trade error
[09:35:27] <@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.
[09:40:30] <@wrbtrader> Shorts Emini ES @ 1634.00 -> large size
[09:40:47] <@wrbtrader> 15 contracts
[09:43:05] <@wrbtrader> Short Emini TF futures @ 985.80 medium size
[09:43:10] <@wrbtrader> 4 contracts
[09:43:24] <MattyR> short tf 985.9
[09:43:33] <MattyR> 3 contract
[09:43:39] <squiggles> GC WRB HG 0936 to 0938
[09:45:47] <squiggles> CL contracting volatility
[09:46:19] <MattyR> 1 off 983.5 --> +2.4
[09:46:28] <@wrbtrader> Cover all Emini TF futures @ 983.40 +2.40
[09:46:44] <@wrbtrader> Covered all Emini ES Short @ 1632.50 --> + 1.5
[09:47:03] <@wrbtrader> WRB pt1 reached in both Emini TF futures and Emini ES futures
[09:47:29] <MattR_> Contracting Volatility in Gold GC Futures near R line of recent WRB HG.
[09:48:27] <MattyR> Covered remainder 984.0 --> +1.8
[09:50:48] <@wrbtrader> Big volatility spike in Gold GC futures
[09:54:54] <@wrbtrader> Key Market Events @ 1030am, 1300pm and 1400pm est
[09:58:02] <@wrbtrader> Shorts Emini TF @ 985.60 -> small size
[09:58:08] <@wrbtrader> 3 contracts
[09:59:52] <@wrbtrader> WRB pt1 reached
[10:00:20] <@wrbtrader> Long Gold GC futures @ 1382.60 small size
[10:00:25] <@wrbtrader> 2 contracts
[10:00:56] <@wrbtrader> Covered all Emini TF Short @ 983.70 --> + 1.9
[10:01:55] <MattR_> another Volatility Spike in Gold GC Futures.
[10:02:01] <@wrbtrader> Exited all Gold GC futures @ 1383.60 +1.00
[10:20:56] <@wrbtrader> Shorts Emini TF @ 983.30 -> medium size
[10:21:01] <@wrbtrader> 4 contracts
[10:23:46] <@wrbtrader> lost in the forrest on this trade
[10:24:05] <@wrbtrader> looking for a Houdini Escape
[10:24:45] <@wrbtrader> Covered all Emini TF Short @ 982.80 --> + 0.5
[10:24:59] <@wrbtrader> sidelines...willjust watch for awhile
[10:27:32] <@wrbtrader> many key markets starting to show more contracting volatility
[10:29:21] <@wrbtrader> Emini ES WRB Analysis commentary @ http://stocktwits.com/wrbtrader/message/14057305
[10:29:47] <squiggles> ES retraced into 1000 to 1002 wrb hg
[10:37:12] <rdhart801_> Good morning :)
[10:37:48] <@wrbtrader> Hi rdhart
[10:38:36] <rdhart801_> :D
[10:39:51] <@wrbtrader> increasing volatility in Eurex futures and Emini futures
[10:41:07] <@wrbtrader> In contrast, Gold GC futures in a low volatility tight trading range after its big up movement
[10:45:54] <@wrbtrader> Traders Said to Rig Currency Rates to Profit Off Clients (Bloomberg) @ http://www.bloomberg.com/news/2013-06-1 ... ients.html
[10:46:35] <canaandog> if only that were shocking
[10:46:43] <rdhart801_> yeah lol
[10:47:24] <canaandog> gc spike up again
[10:47:25] <rdhart801_> we just made a WRB gap on YM, 1minute at 10.45/10.46, and it looks like there's more to follow
[10:47:37] <@wrbtrader> Shorts Light Crude Oil CL @ 95.62 -> small size
[10:47:46] <@wrbtrader> 2+1 contracts
[10:47:52] <rdhart801_> to the downside I'd add (referred to the YM gap)
[10:50:32] <@wrbtrader> Covered all Light Crude Oil CL Short @ 95.61 --> + 0.01
[10:50:42] <@wrbtrader> too much contraction
[10:50:50] <@wrbtrader> I should be able to get a better entry price
[10:52:30] <rdhart801_> also an hidden gap (downwards) on a 5min chart (YM, 10.45/50)
[10:53:02] <rdhart801_> is it ok if i add links to tiny pics of what I'm talking about?
[10:53:14] <MattR_> Gold GC Futures increasing volatility.
[10:53:53] <@wrbtrader> Yeah...I was watching Gold closely and missed a trade in Crude Oil
[10:54:31] <rdhart801_> new low of the day on YM
[10:54:41] <MattR_> yeah, I caught the crude oil trade. Missed gold.
[10:54:52] <rdhart801_> haha you guys complete each other out then :P
[10:55:07] <rdhart801_> oh nvm, got that wrong
[10:55:51] <@wrbtrader> Shorts Light Crude Oil CL @ 95.56 -> medium size
[10:55:59] <@wrbtrader> 2+2
[10:58:06] <@wrbtrader> If Gold GC can keep that type of volatility...other key markets should not go into range bound price action
[10:58:36] <@wrbtrader> Crude Oil CL futures trying hard to increase its own volatility
[10:59:30] <@wrbtrader> Past 20 minutes essentially a low volatility trading range
[11:00:37] <@wrbtrader> tightning stop/loss protection
[11:00:52] <@wrbtrader> I'm expecting a volatility spike here soon
[11:01:15] <@wrbtrader> hopefully the volatility surge will push prices downward instead of upwards
[11:04:06] <@wrbtrader> Covered all Light Crude Oil CL Short @ 95.70 --> - 0.14
[11:05:17] <rdhart801_> @wrbtrader, can i ask you what do you mean with "trying hard to increase its own volatility"
[11:07:18] <@wrbtrader> that means the contracting volatility is starting to make higher lows within the volatility contraction
[11:08:27] <@wrbtrader> Long Light Crude Oil CL @ 95.78 -> medium size
[11:08:48] <@wrbtrader> increasing volatility in Crude Oil futures and Brent Oil futures
[11:09:37] <@wrbtrader> Unfortunetly there's not recent WRB Hidden GAP to help with trade management...
[11:09:57] <@wrbtrader> Will just use typical WRB pt1 or WRB Hidden GAP pt1
[11:10:12] * tinkug112_ is now known as tinkug112
[11:10:56] <@wrbtrader> Emini ES futures increasing volatility
[11:12:47] <rdhart801_> thanks for the explanation @wrbtrader :)
[11:17:49] <@wrbtrader> Exited all Light Crude Oil CL Long @ 95.84 --> + 0.06
[11:20:44] <rdhart801_> we just approached a past WRB Hidden Gap on YM (10.45/48 3min chart)
[11:22:58] <canaandog> big upside spike cl
[11:23:17] <gary07> cl expanding
[11:26:09] <@wrbtrader> Shorts Emini ES @ 1625.75 -> large size
[11:26:15] <@wrbtrader> 15 contracts
[11:27:52] <@wrbtrader> 4 tick snap back
[11:29:46] <@wrbtrader> Covered all Emini ES Short @ 1624.75 --> + 1
[11:30:14] <@wrbtrader> sidelined...not a WRB pt1
[11:30:19] <@wrbtrader> thus, early exit
[11:30:34] <@wrbtrader> will just watch awhile...lost in the forrest again
[12:18:18] <tinkug112> short CL @ 95.93
[12:23:54] <tinkug112> covered @ 95.85
[12:25:51] <tinkug112> logging off see you guy happy trading
[12:30:04] <@wrbtrader> Shorts Emini ES @ 1616.50 -> large size
[12:30:16] <@wrbtrader> 10 contracts
[12:30:23] <@wrbtrader> snap back
[12:31:48] <@wrbtrader> should'uv traded Emini TF instead (no snap back from a WRB pt1)
[12:32:18] <@wrbtrader> Emini ES increasing volatility
[12:32:43] <@wrbtrader> pushing above the R area of the most recent Down WRB Hidden GAP
[12:33:54] <@wrbtrader> tightning stop/loss protection
[12:34:59] <@wrbtrader> looking for a Houdini Escape
[12:37:33] <@wrbtrader> Shorts Emini ES @ 1617.00 -> Add
[12:37:44] <@wrbtrader> 10 contracts added
[12:39:07] <@wrbtrader> Covered 1/2 Emini ES Short @ 1615.50 --> + 1.5
[12:39:19] <@wrbtrader> WRB pt1 reached
[12:41:33] <@wrbtrader> WRB pt2 reached
[12:43:41] <@wrbtrader> Covered all Emini ES Short @ 1615.75 --> + 0.75
[12:45:33] <t4npaper> long cl 96.07
[12:46:27] <@wrbtrader> Creeper Down Movement still active in the Emini Futures
[12:53:07] <t4npaper> exit be
[13:06:59] <t4npaper> emini volatility
[14:14:10] <t4npaper> wrb's showing up in minis
[14:20:57] <t4npaper> short tf 974.7
[14:24:30] <t4npaper> e 974.5 +.2
[14:54:56] <@wrbtrader> Shorts Emini ES @ 1613.25 -> large size
[14:55:28] <@wrbtrader> 10 contracts
[15:00:16] <@wrbtrader> killer contraction :(
[15:03:07] <@wrbtrader> Covered all Emini ES Short @ 1612.25 --> + 1
[15:03:13] <@wrbtrader> WRB pt1 (shallow) reached
[15:12:04] <t4npaper> short tf 971.8
[15:15:56] <@wrbtrader> Shorts Emini TF @ 971.70 -> medium size
[15:16:58] <@wrbtrader> Emini ES got a jump start when it leaned over the S area of that long upper shadow...I just followed it with a trade in Emini TF
[15:17:04] <@wrbtrader> 4 contracts
[15:17:28] <@wrbtrader> WRB pt1 reached...probably won't last if volatility starts to contract
[15:18:34] <t4npaper> exit 971 +.8
[15:21:58] <@wrbtrader> volatility contracting
[15:22:19] <@wrbtrader> will hold to see if I can get lucky and catch a WRB pt2 or WRB Hidden GAP pt2
[15:22:30] <@wrbtrader> trailing @ profit
[15:22:54] <t4npaper> already at your profit goal mark?
[15:23:03] <@wrbtrader> Yes
[15:23:29] <t4npaper> if not would you have exited already?
[15:23:57] <@wrbtrader> Yes
[15:24:22] <@wrbtrader> Covered all Emini TF Short @ 971.50 --> + 0.2
[15:24:29] <t4npaper> I should have held a bit longer, but earlier trades I should have exited earlier
[15:24:35] <t4npaper> had it backwards
[15:26:39] <t4npaper> price heading back up into prior low volatility...
[15:38:01] <@wrbtrader> Participation Rule -> - All users of ##TheStrategyLab must participate when using this chat room via discussing either WRBs, WRB Hidden GAPs, Contracting Volatility, Reaction Highs/Lows, WRB Zones, Trade Management, Key Market Events, Market News or Real-Time Trades (real money or simulator)...no exceptions. Yet, if you're not posting because the chat room is a distraction or you don't have time to post anything involving WRB Analysis...you must then post at the discussion forum about anything involving WRB Analysis after you've finish trading for the day to verify your use of WRB Analysis.
[15:40:50] <t4npaper> short tf 970.5
[15:41:12] <t4npaper> hmmm
[15:42:14] <t4npaper> exit 971.1
[15:42:16] <t4npaper> error
[15:42:40] <@wrbtrader> I got a short signal too...
[15:42:48] <@wrbtrader> I'm just trying to catch a better entry price
[15:43:57] <t4npaper> I got mixed up, i have no short signal...
[15:43:59] <@wrbtrader> Shorts Emini TF @ 970.90 -> small size
[15:44:09] <@wrbtrader> 2+1
[15:45:51] <t4npaper> rush hour
[15:46:13] <@wrbtrader> Covered all Emini TF Short @ 972.00 --> - 1.1
[15:50:55] <@wrbtrader> a lot of contraction showing up now
[15:51:15] <@wrbtrader> after two consecutive WRBs
[15:54:08] <@wrbtrader> Shorts Emini TF @ 972.50 -> large size
[15:54:30] <@wrbtrader> 10 contracts
[15:58:54] <@wrbtrader> I just ran out of time with this size :(
[15:59:16] <@wrbtrader> Covered 1/2 Emini TF Short @ 972.10 --> + 0.4
[15:59:44] <@wrbtrader> WRB pt1 (shallow) reached
[16:00:06] <@wrbtrader> crappy 4pm rush hour traffic...stayed inside a tight range
[16:01:52] <t4npaper> poor trade management for me today
[16:01:55] <t4npaper> in the hole
[16:07:12] <@wrbtrader> checking the higher time frame charts to see if there's a "swing trade" opportunity here to prompt holding these remainder contracts overnight
[16:10:29] <@wrbtrader> Covered Remainder Emini TF Short @ 970.30 --> + 2.2
[16:10:38] <@wrbtrader> WRB pt2 reached
[16:12:44] <diesel_> got guts
[16:16:15] <@wrbtrader> Easy to be brave when over the profit target for the day.
[16:16:40] <@wrbtrader> Take care all and see all tomorrow
[16:37:51] <MattR_> g'night
Session Close: Wed Jun 12 17:44:46 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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