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 Post subject: June 20th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Jun 21, 2013 9:34 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 learning or applying 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:
062013-Key-Price-Action-Markets.png
062013-Key-Price-Action-Markets.png [ 514.49 KiB | Viewed 276 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: Thu Jun 20 09:11:09 2013
Session Ident: ##TheStrategyLab
[09:11:09] * Now talking in ##TheStrategyLab
[09:11:09] * 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'
[09:11:09] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:11:10] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:14:01] <gary07> quick little wrb in tf....
[09:15:12] <wrbtrader> Emini TF futures WRB Hidden GAP to watch @ 0908am - 0910am est
[09:15:48] <canaandog> CL dropped a point in last 25 min
[09:16:16] <squiggles> Markets not happy
[09:17:33] <wrbtrader> Key Market Events Today @ 1000am and 1030am est
[09:31:55] <Trendtrader> Long Emini TF @ 968.9
[09:31:56] <Trendtrader> x3
[09:33:14] <MattR_> g'morning
[09:33:42] <diesel_> hello all
[09:35:09] <wrbtrader> Shorts Emini ES @ 1605.25 -> large size
[09:35:30] <wrbtrader> 15 contracts
[09:35:41] <Trendtrader> Exited all Emini TF Long @ 965.7 --> - 3.2
[09:36:00] <wrbtrader> Emini futures Creeper Down Movement still active
[09:37:03] <wrbtrader> Covered all Emini ES Short @ 1603..25 --> + 1605.25 - 1603..25
[09:37:16] <wrbtrader> correction
[09:37:31] <wrbtrader> Covered all Emini ES Short @ 1603.25 --> + 2
[09:38:12] <wrbtrader> Market was throwing away money in the overnight trading session and is CONTINUING with that direction so far
[09:39:39] <squiggles> GC volatility increasing
[09:45:26] <@wrbtrader> Emini ES futures WRB Hidden GAP to watch @ 0933am - 0936am est
[09:46:56] <@wrbtrader> Emini ES futures price action testing the R area of that WRB Hidden GAP
[09:47:06] <@wrbtrader> now above
[09:49:02] <@wrbtrader> Shorts Emini TF @ 966.70 -> large size
[09:49:07] <@wrbtrader> 5+1
[09:53:02] <@wrbtrader> Covered all Emini TF Short @ 965.50 --> + 1.2
[09:53:47] <@wrbtrader> WRB pt1 reached @ 965.20
[09:55:20] <@wrbtrader> pending KME (Key Market Event) @ 1000am est
[10:03:15] <squiggles> Not a good KME for gold
[10:03:19] <diesel_> all numbers more postive that thought
[10:03:46] <squiggles> $6 drop
[10:04:37] <squiggles> EUR & AUD spike down
[10:05:20] <@wrbtrader> Shorts Emini ES @ 1603.50 -> large size
[10:05:30] <@wrbtrader> 10 contracts
[10:07:41] <@wrbtrader> Short Emini TF futures @ 964.90 small size
[10:07:45] <@wrbtrader> 3 contracts
[10:08:45] <@wrbtrader> Cover all Emini TF futures @ 964.60 +0.30
[10:10:24] <@wrbtrader> Short Emini TF futures @ 965.50 small size
[10:10:32] <@wrbtrader> 3 contracts
[10:12:04] <@wrbtrader> Cover all Emini TF futures @ 963.70 +1.80
[10:12:20] <@wrbtrader> WRB pt1 reached in both Emini TF futures and Emini ES futures
[10:12:41] <@wrbtrader> Covered all Emini ES Short @ 1601.00 --> + 2.5
[10:19:41] <@wrbtrader> Shorts Gold GC @ 1295.20 -> small size
[10:19:52] <@wrbtrader> 2 contracts
[10:21:01] <@wrbtrader> Covered all Gold GC Short @ 1296.20 --> - 1
[10:22:10] <@wrbtrader> Long Gold GC @ 1296.50 -> small size
[10:22:21] <@wrbtrader> 2 contracts
[10:23:33] <@wrbtrader> Exited all Gold GC Long @ 1298.00 --> + 1.5
[10:23:57] <@wrbtrader> sideline...got lost in the woods on those two Gold GC futures trades
[10:30:51] <@wrbtrader> $GC_F price analysis commentary @ http://stocktwits.com/wrbtrader/message/14200120
[10:53:26] <@wrbtrader> Gold GC futures retesting the S area of the WRB Hidden GAP @ 1034am - 1037am est
[10:53:31] <@wrbtrader> now below it
[10:53:57] <@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.
[10:55:29] <canaandog> cl vol inc
[10:56:18] <@wrbtrader> Long Gold GC @ 1296.60 -> small size
[10:56:24] <@wrbtrader> 2 contracts
[10:58:55] <@wrbtrader> S area retest of the mentioned WRB Hidden GAP
[10:59:55] <@wrbtrader> Key markets calm or low volatility...as if they are just relaxing out in the Sun :)
[11:00:23] <@wrbtrader> Gold GC futures snapback UP
[11:00:48] <@wrbtrader> WRB pt1 reached
[11:01:02] <@wrbtrader> Exited all Gold GC Long @ 1298.20 --> + 1.6
[11:03:57] <@wrbtrader> ##TheStrategyLab -> - This chat room is not intended to be educational because the chat room is designed for you to use it as your own personal journal as a trader. Yet, if you have trading related questions or you need help in understanding the price action you're trading, it's your responsibility to ask questions in here to get answers. Simply, nobody in here can read your mind if you LURK (do not ask questions).
[11:04:56] <MattR_> Gold GC Futures price action back inside filled WRB HG from 10:00-10:02.
[11:32:10] <@wrbtrader> Shorts Gold GC @ 1293.90 -> small size
[11:32:23] <@wrbtrader> 1 contract
[11:33:02] <@wrbtrader> Silver SI futures puking a little
[11:33:26] <@wrbtrader> I'm just trying to follow it down but Gold GC futures is keeping its legs
[11:34:54] <@wrbtrader> Covered Gold GC Short @ 1294.80 --> - 0.9
[11:45:22] <t4npaper> got my butt kicked in GC
[11:45:51] <@wrbtrader> It's very range bound today :(
[11:46:17] <t4npaper> yeah, if it stays that way
[11:46:22] <t4npaper> I wont escape my hole
[11:47:34] <t4npaper> oil finaly fell
[12:28:22] <tinkug112> oil trying to move up
[12:35:57] <@wrbtrader> WRB Analysis -> - Chat room for day traders, swing traders, position traders using concepts from WRB Analysis such as contracting volatility, key market event (KME), reaction high/low, WRB, WRB Hidden GAP, WRB Zone, WRB pt levels to help improve understanding of the price action their trading and/or improve the performance of their trade signal strategies while price action trading. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718 or http://www.twileshare.com/user/wrbtrader
[12:45:44] <t4npaper> long cl 95.82
[12:54:06] <t4npaper> exit 95.75 -.07
[12:54:10] <t4npaper> gonna be a long day
[14:06:36] <t4npaper> oil WRBHG
[14:09:09] <@wrbtrader> Shorts Gold GC @ 1281.20 -> small size
[14:09:34] <@wrbtrader> :(
[14:09:57] <t4npaper> oil retraced WRBHG
[14:10:05] <@wrbtrader> Oh well...got caught taking a time out at the wrong time away from watching Gold GC futures
[14:11:00] <@wrbtrader> Shorts Gold GC @ 1281.40 -> Add
[14:11:13] <@wrbtrader> total 4 contracts
[14:14:18] <t4npaper> short tf 959.9
[14:15:43] <t4npaper> shorting into the lows of the day
[14:16:36] <@wrbtrader> Gold GC futures trying to retest the R area of the most recent Down WRB Hidden GAP
[14:18:21] <t4npaper> error in this trade
[14:19:27] <t4npaper> exit 960.2 -.3
[14:21:00] <@wrbtrader> Covered all Gold GC Short @ 1283.50 --> - 4.4
[14:23:16] <t4npaper> :( this is hurting today
[14:23:26] <t4npaper> gonna lose my months earnings
[14:23:49] <@wrbtrader> As soon as you say that...that's when you must stop.
[14:24:12] <t4npaper> I'll just lower my size then
[14:24:23] <t4npaper> kick around one contract
[14:25:26] <@wrbtrader> Shorts Gold GC @ 1283.60 -> large size
[14:25:33] <@wrbtrader> 3+2
[14:25:42] <@wrbtrader> correction
[14:25:52] <@wrbtrader> Shorts Gold GC @ 1283.50 -> medium size
[14:26:34] <@wrbtrader> will be my last trade of the day...got other stuff to do
[14:34:51] <@wrbtrader> Silver SI futures volatility spike :(
[14:43:10] <@wrbtrader> Covered all Gold GC Short @ 1283.50 --> 0
[14:43:28] * wrbtrader is now known as wrbtrader_away
[14:53:37] <t4npaper> gold and silver spilling out
[14:53:44] <t4npaper> helped me hold my tf short longer
[15:15:03] <t4npaper> short gc 1275.8
[15:17:37] <t4npaper> e 1278 -2.2
[15:20:18] <diesel_> gn gents
[15:22:20] <t4npaper> short gc 1278.4
[15:24:40] <t4npaper> exit 1276.4 +2
[15:25:34] <t4npaper> i cant afford to be brave
[15:25:39] <t4npaper> took my profits
[16:06:07] <canaandog> tf excellent rush hour
[16:06:38] <canaandog> tomorrow
Session Close: Thu Jun 20 20:15:15 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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