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 Post subject: June 25th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Jun 25, 2013 10:01 pm 
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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
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)
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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 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:
062513-Key-Price-Action-Markets.png
062513-Key-Price-Action-Markets.png [ 550.39 KiB | Viewed 233 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 25 08:25:34 2013
Session Ident: ##TheStrategyLab
[08:25:34] * Now talking in ##TheStrategyLab
[08:25:34] * 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'
[08:25:34] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:25:34] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:26:11] * wrbtrader: You're not a channel operator
[08:28:09] * YMerUb was kicked by wrbtrader (YMerUb)
[08:28:14] * YMerUBdx was kicked by wrbtrader (YMerUBdx)
[08:34:45] <@wrbtrader> Long Emini ES @ 1578.00 -> large size
[08:35:00] <@wrbtrader> 15+10
[08:41:14] <@wrbtrader> Exited all Emini ES Long @ 1576.75 --> - 1.25
[08:48:39] <@wrbtrader> Shorts Emini ES @ 1576.00 -> large size
[08:48:53] <@wrbtrader> 10+5+10
[09:05:20] <@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.
[09:06:25] <squiggles> Next KME 1000 hrs
[09:07:36] <squiggles> CB Consumer Confidence, New Home Sales, Richmond Manufacturing Index
[09:08:27] <@wrbtrader> Home prices see biggest annual gain in seven years in April: S&P (Reuters) @ http://www.reuters.com/article/2013/06/ ... PH20130625
[09:15:20] <@wrbtrader> Covered all Emini ES Short @ 1579.00 --> - 3
[09:15:57] <@wrbtrader> Long Emini ES @ 1579.50 -> large size
[09:17:01] <@wrbtrader> that short was intended to be a swing position...didn't work that way :(
[09:18:19] <@wrbtrader> I'm still bearish from yesterday's close and still thinking about a swing position to the Short side as mentioned yesterday
[09:19:43] <@wrbtrader> strong overnight up movement prevented the price action from reaching yesterday's regular session lows
[09:21:24] <squiggles> TF, ES at new highs for day
[09:21:39] <@wrbtrader> volatility increasing too
[09:22:50] <@wrbtrader> Gold GC futures and Crude Oil CL futures calm right now
[09:25:18] <@wrbtrader> trailing @ profit
[09:25:29] <squiggles> Markets turned for the better since 0900 incl. Europe DAX and Stoxx50
[09:25:38] <@wrbtrader> with the calmness (volatility contraction) in other key markets...
[09:26:02] <@wrbtrader> It should setup some good volatility the first 30 minutes of the regular trading session
[09:29:42] <tinkug112> GM everyone
[09:30:01] <diesel> hey there
[09:31:16] <@wrbtrader> Exited all Emini ES Long @ 1580.50 --> + 1
[09:32:08] <@wrbtrader> Long Emini ES @ 1581.25 -> large size
[09:32:45] <@wrbtrader> re-entry...too slow from 1580.00 :(
[09:33:23] <squiggles> CL dancing about S area of 0900 to 0902 WRB HG
[09:33:41] <@wrbtrader> 25 contracts
[09:36:09] <@wrbtrader> losing steam
[09:36:24] <@wrbtrader> Other key markets now picking up the volatility
[09:36:49] <@wrbtrader> Exited all Emini ES Long @ 1579.75 --> - 1.5
[09:37:13] <@wrbtrader> Shorts Emini ES @ 1580.00 -> large size
[09:37:38] <@wrbtrader> back at the 1580 price area
[09:37:49] <@wrbtrader> caused me an earlier trade problem
[09:38:12] <@wrbtrader> Emini TF retest the 0900am est low
[09:38:23] <@wrbtrader> Emini ES did not :(
[09:39:57] <@wrbtrader> snapback
[09:40:28] <squiggles> TF retracing up from long tails
[09:42:22] <tinkug112> emini testing wrbhg
[09:42:34] <@wrbtrader> 1580.25 (not 1580) is the S area of that WRB Hidden GAP
[09:43:00] <@wrbtrader> on another chart I have 1580.00
[09:45:34] <@wrbtrader> Short Light Crude Oil CL futures @ 95.37 small size
[09:45:41] <@wrbtrader> 3 contracts
[09:46:52] <@wrbtrader> not sure why that 1580.25 area acting like a pivot area
[09:49:42] <squiggles> 1580.25 was a high reached twice yesterday
[09:50:52] <@wrbtrader> Cover all Light Crude Oil CL futures @ 95.27 +0.10
[09:51:05] <@wrbtrader> WRB pt1 (shallow) reached
[09:52:19] <@wrbtrader> thanks squiggles
[09:52:25] <Trendtrader> gm all
[09:52:48] <Trendtrader> no trades for me today (I'll actually be out for the rest of this week)
[09:54:46] <diesel> take care TT
[09:55:12] <@wrbtrader> more long upper shadows in the Emini Futures
[09:56:00] <@wrbtrader> Emini ES retesting the 0900am - 0902am est lows
[09:56:07] <squiggles> TF volatile down
[09:56:23] <@wrbtrader> Gold GC futures volatility still dry
[09:56:27] <@wrbtrader> strange
[09:57:08] <@wrbtrader> Covered all Emini ES Short @ 1574.00 --> + 6
[09:57:31] <diesel> excleent
[09:57:34] <@wrbtrader> WRB Hidden GAP pt1 reached
[09:57:38] <diesel> excellent
[09:57:41] <squiggles> GC hitting a 1281.1 ceiling for last 30m
[09:57:43] <@wrbtrader> early exit
[09:57:57] <@wrbtrader> goal of the trade is a WRB Hidden GAP pt3
[09:58:18] <diesel> for ES that is?
[09:59:13] <@wrbtrader> Hoping for Emini ES to retrace back upwards to setup a re-entry
[09:59:36] <@wrbtrader> may be able to catch a WRB Hidden GAP pt1 to compensate for the early exit
[10:00:51] <diesel> GC just umped
[10:01:20] <@wrbtrader> Emini ES futures back inside the range of the WRB Hidden GAP of 0952am - 0954am est
[10:02:48] <@wrbtrader> Shorts Emini ES @ 1574.50 -> large size
[10:03:00] <@wrbtrader> 25 contracts
[10:03:06] <@wrbtrader> re-entry
[10:03:10] <@wrbtrader> very choppy
[10:04:45] <@wrbtrader> Covered all Emini ES Short @ 1577.00 --> - 2.5
[10:05:02] <@wrbtrader> back above the R area of the WRB Hidden GAP
[10:05:55] <canaandog> geez
[10:06:07] <canaandog> tf up, vicious snapback
[10:08:18] <@wrbtrader> Shorts Emini ES @ 1575.00 -> large size
[10:08:31] <@wrbtrader> still crazy rodeo chop
[10:08:35] <@wrbtrader> 25 contracts
[10:08:35] <squiggles> Choppy volatility
[10:11:38] <@wrbtrader> Short Emini ES futures @ 953.00 large size
[10:11:46] <@wrbtrader> meant Emini TF futures
[10:11:54] <@wrbtrader> 7+3 contracts
[10:12:30] <@wrbtrader> Emini TF bouncing like crazy up and down inside the range of that long upper shadow on the 3min chart
[10:13:58] <@wrbtrader> geeesh :(
[10:15:13] <@wrbtrader> Cover all Emini TF futures @ 951.30 +1.7
[10:16:57] <@wrbtrader> I expected a rodeo ride with volatility...
[10:17:08] <@wrbtrader> next time I'll be careful about what I wish for :(
[10:18:29] <@wrbtrader> WRB pt1 reached on Emini ES futures...
[10:18:36] <@wrbtrader> doesn't mean much in this type of chop
[10:19:05] <@wrbtrader> The exit in Emini TF futures was a WRB pt1 (shallow)
[10:19:51] <@wrbtrader> WRB pt2 reached...couldn't grab it
[10:20:10] <@wrbtrader> may get a second chance
[10:21:07] <@wrbtrader> Covered all Emini ES Short @ 1572.00 --> + 3
[10:21:21] <@wrbtrader> broker happy today
[10:21:55] <@wrbtrader> If I continue trading Emini ES futures for a few more months like this...
[10:22:13] <@wrbtrader> I'll purchase a seat on the CME to lower my commission rates
[10:22:22] <diesel> really!
[10:22:25] <@wrbtrader> It's all dependent upon the volatility
[10:22:59] <@wrbtrader> many years ago I came close to buying a seat...then the volatility dried up for a few years in Emini ES futures
[10:24:05] <@wrbtrader> The exchange had a big sale on seats a few years back...discounted a lot.
[10:24:13] <@wrbtrader> Not sure if they still have that
[10:25:47] <tinkug112> hmm I thought you were kidding
[10:26:21] <@wrbtrader> not kidding
[10:26:34] <MattR_> Volatility Increasing in Gold GC Futures.
[10:26:55] <@wrbtrader> Once you start doing consistently a lot of contracts...you need to explore purchasing an exchange seat.
[10:27:11] <@wrbtrader> Makes good tax deduction too while lowering your overhead expenses...
[10:27:38] <@wrbtrader> Assuming still trading a lot of contracts on a consistent basis
[10:27:59] <diesel> 50 a day?
[10:28:33] <@wrbtrader> maybe you meant like 500 per day :)
[10:29:02] <@wrbtrader> on average
[10:29:18] <diesel> of course
[10:29:30] <@wrbtrader> Emini futures volatility suddenly dried up now
[10:29:38] <@wrbtrader> I'm now expecting another volatility spike...
[10:29:49] <@wrbtrader> Hopefully without that killer chop
[10:33:47] <@wrbtrader> Shorts Emini ES @ 1573.00 -> large size
[10:33:57] <@wrbtrader> 10 contracts
[10:35:30] <@wrbtrader> Covered all Emini ES Short @ 1537.75 --> + 35.25
[10:35:39] <@wrbtrader> correction
[10:35:53] <@wrbtrader> Covered all Emini ES Short @ 1573.75 --> - 0.75
[10:36:38] <@wrbtrader> Shorts Emini ES @ 1373.25 -> large size
[10:36:47] <@wrbtrader> 10 contracts
[10:37:01] <@wrbtrader> prior trade exit was a stop adjustment error
[10:37:15] <@wrbtrader> tighten the stop to the wrong price :(
[10:37:36] <@wrbtrader> volatility still declining
[10:38:21] <@wrbtrader> Shorts Emini ES @ 1574.00 -> Add
[10:38:39] <@wrbtrader> 10 added
[10:39:27] <@wrbtrader> pushing upwards into the range of the earlier mentioned long upper shadow
[10:40:33] <@wrbtrader> that range represents most of the chop so far
Session Close: Tue Jun 25 10:40:54 2013

Session Start: Tue Jun 25 10:40:54 2013
Session Ident: ##TheStrategyLab
[10:40:54] * Disconnected
[10:41:09] * Attempting to rejoin channel ##TheStrategyLab
[10:41:14] * Rejoined channel ##TheStrategyLab
[10:41:14] * 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'
[10:41:14] * Set by wrbtrader on Tue Feb 05 08:11:19
[10:41:15] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[10:41:57] <wrbtrader_away> IRC connection problems
[10:43:57] <diesel> none here
[10:45:08] <tinkug112> same none here
[10:45:24] <wrbtrader_away> I have two user names stuck in here :(
[10:45:44] <wrbtrader_away> will try logging off to see if it fixes itself
[10:46:44] <wrbtrader_away> Covered all Emini ES Short @ 1577.25 --> - 207.25
Session Close: Tue Jun 25 10:49:29 2013

Session Start: Tue Jun 25 10:49:29 2013
Session Ident: ##TheStrategyLab
[10:49:30] * Disconnected
[10:50:06] * Attempting to rejoin channel ##TheStrategyLab
Session Close: Tue Jun 25 10:50:10 2013

Session Start: Tue Jun 25 10:51:33 2013
Session Ident: ##TheStrategyLab
[10:51:33] * Now talking in ##TheStrategyLab
[10:51:33] * 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'
[10:51:33] * Set by wrbtrader on Tue Feb 05 08:11:19
[10:51:34] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[10:52:04] <diesel> does a CME serat require typign skills?
[10:52:08] <diesel> seat
[10:52:51] <@wrbtrader> Yes or else you'll fill out the paper work incorrectly. Thus, you won't qualify :)
[10:53:07] <@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.
[10:53:57] <@wrbtrader> I'm hoping that the surprising volatility so far at the beginning of this summer will catch some of guard with big losses...
[10:54:10] <@wrbtrader> Forcing them to sell their seats at a big discount.
[10:54:43] <@wrbtrader> won't know for sure until the fall
[10:55:41] <@wrbtrader> I only know one person with a seat...he's already down $245,000 for the year so far.
[10:56:26] <tinkug112> CL spike
[10:56:52] <@wrbtrader> He's thinking about selling his seat before Dec 31st to beat the tax year to offset his tax liabilities
[10:58:00] <@wrbtrader> So far, only the broker making money today :(
[11:00:05] <@wrbtrader> add his losses with the cost of the seat
[11:00:13] <@wrbtrader> That's a big pain
[11:00:17] <@wrbtrader> http://www.cmegroup.com/company/members ... cing.html'
[11:01:12] <@wrbtrader> Those prices will change a lot when volatility enters the market
[11:03:17] <@wrbtrader> Emini futures volatility still declining overall
[11:04:02] <@wrbtrader> If this continues...good chance it'll turn into a range day with big chop
[11:04:16] <@wrbtrader> = low profits or losing trading day
[11:05:58] <MattR_> Crude Oil CL Futures volatility still strong.
[11:06:25] <@wrbtrader> Yeah and its in a Creeper Up Movement
[11:10:37] <@wrbtrader> The chop has left the Emini futures
[11:19:10] <@wrbtrader> Emini NQ futures has lagged a lot today in comparison to the other Eminis
[11:20:01] <@wrbtrader> Shorts Emini ES @ 1579.75 -> large size
[11:20:33] <@wrbtrader> volatility trying to increase
[11:20:54] <@wrbtrader> 15 contracts
[11:21:42] <@wrbtrader> chop has return :(
[11:24:55] <@wrbtrader> lost in the forrest on this trade :(
[11:26:56] <@wrbtrader> Covered all Emini ES Short @ 1577.75 --> + 2
[11:27:04] <@wrbtrader> WRB pt1 reached
[11:27:13] <@wrbtrader> sideline...will just watch awhile
[11:28:43] <@wrbtrader> Anybody in here having log-in problems via the WEB BROWSER today or yesterday.
[11:29:09] <diesel> no not here
[11:29:16] <@wrbtrader> I got any email yesterday from gary07...he's having log-in problems...saying it doesn't work anymore.
[11:29:18] <@wrbtrader> :(
[11:30:06] <@wrbtrader> I tested the Web Browser last night a few times...worked good.
[11:39:11] <@wrbtrader> Shorts Emini TF @ 952.40 -> small size
[11:39:18] <@wrbtrader> 2 contracts
[11:43:47] <@wrbtrader> Covered all Emini TF Short @ 952.00 --> + 0.4
[11:43:57] <@wrbtrader> WRB pt1 (shallow) reached
[12:07:28] <@wrbtrader> Long Emini ES @ 1581.00 -> small size
[12:07:38] <@wrbtrader> 2 contracts
[12:37:19] <@wrbtrader> Exited all Emini ES Long @ 1582.50 --> + 1.5
[12:37:32] <@wrbtrader> WRB Hidden GAP pt1 reached
Session Close: Tue Jun 25 13:13:19 2013

Session Start: Tue Jun 25 13:13:19 2013
Session Ident: ##TheStrategyLab
[13:13:19] * Disconnected
[13:13:28] * Attempting to rejoin channel ##TheStrategyLab
[13:13:33] * Rejoined channel ##TheStrategyLab
[13:13:33] * 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'
[13:13:33] * Set by wrbtrader on Tue Feb 05 08:11:19
[13:13:34] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[13:37:06] * wrbtrader_away is now known as wrbtrader
[13:44:45] <@wrbtrader> still a range day with chop
[13:45:03] <@wrbtrader> Understanding ##TheStrategyLab -> - Archive chat logs are stored @ http://www.thestrategylab.com/ftchat/forum/ and you can understand some of the words (e.g. Key Market Event, Contracting Volatility, WRB, WRB Hidden GAP, WRB Zone, WRB pt levels) being used here in the chat room for price action trading via the WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[14:05:16] <@wrbtrader> Long Light Crude Oil CL @ 95.26 -> small size
[14:05:29] <@wrbtrader> 2 contracts
[14:07:02] <@wrbtrader> Exited all Light Crude Oil CL Long @ 95.20 --> - 0.06
[14:10:31] <@wrbtrader> Long Emini ES @ 1579.00 -> large size
[14:10:37] <@wrbtrader> 6 contracts
[14:17:19] <@wrbtrader> Exited all Emini ES Long @ 1581.50 --> + 2.5
[14:17:31] <@wrbtrader> WRB pt1 reached
[15:31:31] <@wrbtrader> Hi gary07...glad you got back in here.
[15:31:47] <@wrbtrader> How did you fix the problem ???
[15:37:20] <@wrbtrader> Long Emini TF @ 958.00 -> large size
[15:37:38] <@wrbtrader> 6 contracts
[15:37:47] <@wrbtrader> :(
[15:37:50] <@wrbtrader> size error
[15:44:23] <@wrbtrader> Exited all Emini TF Long @ 957.70 --> - 0.3
[15:58:40] <@wrbtrader> Long Emini TF @ 957.00 -> large size
[15:58:45] <@wrbtrader> 2+4
[15:59:11] <@wrbtrader> got some chop here
[15:59:29] <@wrbtrader> rarely does such happen into the 4pm est rush hour traffic :(
[16:00:03] <@wrbtrader> Exited all Emini TF Long @ 957.70 --> + 0.7
[16:00:11] <@wrbtrader> correction
[16:00:50] <@wrbtrader> Exited all Emini TF Long @ 956.70 --> - 0.3
[16:01:20] <@wrbtrader> Long Emini TF @ 957.10 -> large size
[16:01:28] <@wrbtrader> 5+1
[16:03:21] <@wrbtrader> A lot of contracts still moving through Emini ES futures...
[16:03:27] <@wrbtrader> That's not normal to see
[16:03:36] <diesel_> not part of rush hour?
[16:03:41] <@wrbtrader> No
[16:04:03] <@wrbtrader> Same thing happen a few weeks ago that we discussed heavily in here
[16:04:26] <@wrbtrader> Emini ES futures usually calm for the 4pm est rush hour traffic
[16:05:41] <@wrbtrader> Big boys up to something
[16:06:10] <@wrbtrader> Will be increasing my position size tomorrow in the regular trading session IF there's no big overnight price movement
[16:06:30] <diesel_> Es big or TF/CL big?
[16:06:56] <@wrbtrader> [16:03:21] <@wrbtrader> A lot of contracts still moving through Emini ES futures...
[16:06:56] <@wrbtrader> [16:03:27] <@wrbtrader> That's not normal to see
[16:09:54] <@wrbtrader> I also noted on that trade date about the strange Emini ES futures price action in the 4pm rush hour traffic...
[16:10:15] <@wrbtrader> The morning trading session was volatile and choppy too...just like today.
[16:10:54] <@wrbtrader> Choppy price action is normal
[16:11:12] <@wrbtrader> High volatility with the chop and range bound...that's not normal
[16:12:03] <@wrbtrader> I'm thinking again about that swing position Short
[16:12:38] <@wrbtrader> volatility spike in Gold GC futures right now
[16:16:31] <@wrbtrader> Lets see now how Emini TF reacts with the maintenance period of Emini ES futures
[16:16:53] <diesel_> gn and thank you; see you tomorrow
[16:33:15] <@wrbtrader> Emini ES futures maintenance period completed...price action looks normal the way it should have been for the 4pm est rush hour traffic.
[17:36:00] <@wrbtrader> Will try to exit this above 957.50 before midnight if price can get there.
[17:36:43] <@wrbtrader> I do not want to hold this Long position into the start of Europe's trading session
[17:37:00] <@wrbtrader> Heck, I don't even want to hold this into the start of Asia markets.
[17:37:42] <@wrbtrader> Thus, I may just take the small loss unless it can move in my favor before Hang Seng HSI futures open.
[20:38:57] <@wrbtrader> I'm back...down a few points :(
[20:39:07] <@wrbtrader> Asia markets open too :(
[20:39:53] <@wrbtrader> At least the Japanese Nikkei if up.
[20:41:09] <@wrbtrader> Be back later before going to bed...
[20:41:40] <@wrbtrader> I do not want to hold this into the opening trading session of Eurex / Euronext futures (e.g. Eurex DAX)
Session Close: Tues Jun 24 20:45:12 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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