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 Post subject: June 26th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Jun 27, 2013 1:23 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
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:
062613-Key-Price-Action-Markets.png
062613-Key-Price-Action-Markets.png [ 528.51 KiB | Viewed 247 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 26 00:00:00 2013
Session Ident: ##TheStrategyLab
[01:40:34] <@wrbtrader> Exited Emini TF Long @ 954.90 --> - 2.2
[01:40:47] <@wrbtrader> Exited Remainder Emini TF Long @ 954.80 --> - 2.3
[07:43:57] * 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'
[07:43:57] * Set by wrbtrader on Tue Feb 05 08:11:19
[07:43:57] -hobana.freenode.net:##TheStrategyLab- [freenode-info] why register and identify? your IRC nick is how people know you. http://freenode.net/faq.shtml#nicksetup
[07:43:58] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[07:57:14] <wrbtrader> Long Emini ES @ 1591.25 -> large size
[07:58:05] <wrbtrader> 10 contracts
[08:07:20] <wrbtrader> Exited Emini ES Long @ 1590.25 --> - 1
[08:23:18] <canaandog> good morning
[08:23:46] <wrbtrader> Long Emini ES @ 1590.75 -> large size
[08:24:00] <wrbtrader> 15 contracts
[08:24:03] <wrbtrader> re-entry
[08:31:11] <wrbtrader> Exited all Emini ES Long @ 1590.00 --> - 0.75
[08:33:26] <wrbtrader> Long Emini ES @ 1590.00 -> large size
[08:33:42] <wrbtrader> 15 contracts
[08:33:47] <wrbtrader> re-entry
[08:39:26] <wrbtrader> Exited all Emini ES Long @ 1589.50 --> - 0.5
[08:40:56] <wrbtrader> Shorts Emini ES @ 1588.75 -> large size
[08:41:17] <wrbtrader> 10+15
[08:41:42] <wrbtrader> volatility slowly increasing
[08:43:04] <canaandog> cl spiking down
[08:43:44] <wrbtrader> Yeah, I almost caught a Short in it but was too slow to react.
[08:44:23] <wrbtrader> I normally don't trade this time period due to family restraints...
[08:44:37] <wrbtrader> Got a few days this week to myself to do such.
[08:55:54] <squiggles> GC dancing about R area 0830 to 0832 WRB HG
[08:56:22] <squiggles> now running
[08:57:03] <wrbtrader> Emini ES futures doesn't want to retest a 2nd time yesterday's high of 1587.75
[08:57:29] <wrbtrader> Covered all Emini ES Short @ 1589.75 --> - 1
[09:00:12] <wrbtrader> Long Emini ES @ 1591.00 -> large size
[09:00:23] <wrbtrader> 5+5 contracts
[09:00:40] <wrbtrader> retesting the high of a prior long upper shadow
[09:04:33] <wrbtrader> A range has been establish in Emini ES futures via the 3min long shadow intervals of 0830am and 0833am est
[09:05:21] <wrbtrader> Emini ES futures currently testing the R area of the range of those two intervals
[09:06:02] <squiggles> TF , ES volatility contraction
[09:09:49] <diesel_> gm all; does everyone use 2 min interval for WRB analysis?
[09:10:57] <wrbtrader> I did stats on that...
[09:11:13] <wrbtrader> 1 hourly charts is the most common I've seen use
[09:11:38] <wrbtrader> I myself use 2min, 3min, 5min and 15min for day trading
[09:11:57] <wrbtrader> 1min during extreme volatility
[09:12:53] <diesel_> txs
[09:13:12] <diesel_> I see 2 min interval quoted most often
[09:13:55] <wrbtrader> That's in here.
[09:14:05] <wrbtrader> Most users of WRB Analysis don't use chat rooms.
[09:15:08] <wrbtrader> My stats have about +4,100 users of WRB Analysis
[09:15:34] <wrbtrader> Obviously this chat room only represent a fraction of the users.
[09:17:23] <diesel_> of course
[09:18:05] <wrbtrader> It'll be boring in here if I only quoted hourly or 15min WRB Analysis :)
[09:18:30] <wrbtrader> Thus, gotta be active via quoting lower time frame WRB Analysis to keep it active in here.
[09:18:45] <wrbtrader> I use to only quote hourly WRB Analysis
[09:19:13] <wrbtrader> The chat log would only contain about 10 - 15 sentences (very small)...
[09:19:22] <wrbtrader> Chat room look very inactive
[09:21:17] <wrbtrader> Yesterday most of my trades were via 3min and 5min charts eventhough most of my WRB Analysis discussions in here were via the 2min chart to keep the room active
[09:22:35] <squiggles> wrbtrader - have you done any anaysis as to how the profitability varies over long or short timeframes when using WRB methods ?
[09:22:54] <wrbtrader> about the same
[09:23:37] <tinkug112> Hello GM everyone
[09:23:42] <squiggles> Just needing deeper pockets to cover the longer timeframes I guess
[09:24:00] <wrbtrader> Its a fine line to walk win/loss ratio versus dollar profits
[09:24:28] <wrbtrader> I can increase my win/loss ratio via very careful trading on the hourly and daily charts...
[09:24:57] <wrbtrader> Yet, my dollar profits is low due to less trade opportunities.
[09:25:28] <squiggles> But more relaxed trading
[09:25:49] <wrbtrader> In contrast, I decided (many years ago after starting a family)...dollar profit needs to be my concern via INCREASING my trade opportunities
[09:27:02] <wrbtrader> When I was swing trading primarily...I was doing only about 5 - 7 trades per month.
[09:27:39] <wrbtrader> I wasn't willing to INCREASE my position size on so few trades per month.
[09:27:58] <wrbtrader> That's why I switch primarily to day trading
[09:28:25] <squiggles> Thanks, I see, good reasoning
[09:28:35] <wrbtrader> Exited all Emini ES Long @ 1595.00 --> + 4
[09:29:39] <wrbtrader> By the way, it was my "Tax Accountant" that made the suggestions of changing my trading duration as a way to increase my profit value.
[09:29:42] <wrbtrader> :)
[09:30:06] <wrbtrader> He primarily does the taxes of "small businesses"
[09:30:19] <wrbtrader> He sees numbers a lot differently than traders do
[09:31:05] <squiggles> IE find a way to make a profit, then repeat the process as often as possible
[09:31:35] <wrbtrader> Yep
[09:31:47] <wrbtrader> For example, I HATE trading Emini ES futures.
[09:31:58] <wrbtrader> Reality, I make more dollars when I do.
[09:32:14] <wrbtrader> Emini ES is a very stressful trading instrument for me.
[09:33:25] <diesel_> you are trade for trade far more profitable on TF
[09:33:47] <wrbtrader> I can't push the same size.
[09:34:11] <diesel_> true but on a contract basis; TF rocks, CL right behind it;
[09:34:19] <wrbtrader> Thus, my overall dollar profit level is LESS while trading Emini TF even though trade per trade comparison...I'm more profitable on Emini TF
[09:34:21] <squiggles> Streesful because more chop than other Eminis ?
[09:34:49] <diesel_> big time it is: TF>CL>GC=ES
[09:35:04] <diesel_> more or less over last 450 trades
[09:35:16] <wrbtrader> Thus, eventually one needs to make a choice...have good stats or make more dollar.
[09:36:32] <diesel_> yes, financial cherry picking
[09:36:52] <diesel_> goes to basis batting average/index/day/time of day
[09:37:12] <wrbtrader> Agree
[09:37:54] <diesel_> on some days you raise the dead with high profit
[09:38:13] <diesel_> on other days you bury them again (LOL))
[09:39:43] <TigermanTrader> gm all
[09:40:27] <diesel_> we can chat
[09:42:23] <TigermanTrader> wrbtrader when you talk about good stat in TF do you refer as win rate or larger winner vs loser ?
[09:42:29] <TigermanTrader> or maybe both?
[09:42:34] <JetJockBoston> Looking for long entry after testing the 1593-1595 area
[09:42:39] <diesel_> no, I do not care about win rate
[09:42:51] <diesel_> could win $50 and lose $300;
[09:43:19] <diesel_> I care about quadratic profit/contract/day of am vs. pm
[09:43:24] <TigermanTrader> yeah usualy one want the contrary but not easy :)
[09:43:30] <diesel_> for each day of the week
[09:43:37] <diesel_> mr market is fickle
[09:43:44] <diesel_> you are consistent
[09:43:48] <diesel_> consistent
[09:43:59] <diesel_> when fickel comes in, I go out
[09:44:32] <TigermanTrader> in simply words it is a matter of to be able to trade :)
[09:44:53] <TigermanTrader> expecially in directional form
[09:45:07] <diesel_> it is like modeling the performance of star pitcher
[09:45:16] <TigermanTrader> need years
[09:45:21] <diesel_> look as fast ball, curves, knuclles, sliders
[09:45:29] <diesel_> vs. left handed/right handed batters
[09:45:34] <diesel_> day vs, night
[09:45:35] <diesel_> etc
[09:46:21] <diesel_> being able to trade = true talent
[09:46:30] <diesel_> talent is not transferrable
[09:46:39] <diesel_> thus find the best room and stay in it
[09:46:43] <TigermanTrader> it is very simple or one UNDERSTAND why markets move or otherwise is too risky
[09:47:21] <diesel_> out of 422 rooms I have seen, 18 can trade profitable and consistently
[09:47:38] <diesel_> this is one of the best
[09:47:42] <TigermanTrader> talent is talent but something can be teach
[09:48:00] <TigermanTrader> the issue is discover the teacher :)
[09:48:04] <diesel_> true talent cannot be taugh or transferred
[09:48:24] <diesel_> other wise we would have 20 Tiger
[09:48:27] <TigermanTrader> diesel is not talent issue
[09:48:29] <diesel_> Woods
[09:48:55] <TigermanTrader> talent is needed for stellar performance
[09:49:21] <diesel_> methinks yes
[09:49:31] <diesel_> since all rooms have same raw data and indicators
[09:49:47] <diesel_> but the vast majority cannot trade well
[09:50:19] <diesel_> of 147 rooms I have looked at very carefully (>200 trades in real time)
[09:50:28] <diesel_> only 18 can trade well
[09:50:40] <diesel_> the other 262 are totally worthless
[09:51:04] <diesel_> imo
[09:51:17] <diesel_> mathemetically speaking of course
[09:51:29] <JetJockBoston> Short ES @ 1595 5 cts
[09:51:47] <wrbtrader> I think too many traders see it as a "hobby" and anything beyond that scares the crap out of them...resulting in putting in 1/2 an effort
[09:51:54] <TigermanTrader> diesel the problem is man work hours time
[09:52:32] <TigermanTrader> only few put the effort in trading
[09:52:38] <TigermanTrader> well said wrbtrader
[09:52:40] <JetJockBoston> Out -.75 pt, bad setup
[09:53:10] <TigermanTrader> simply or one learn to trade or work :)
[09:53:22] <TigermanTrader> unless you start at 15
[09:53:39] <tinkug112> long ES 95.25
[09:54:15] <TigermanTrader> the REAL talent is enduring many years in trading and NEVER give up
[09:54:35] <TigermanTrader> like sport analogy
[09:55:00] <wrbtrader> Exactly
[09:55:06] <diesel_> that is patience; talent is measureable, observable, rerlaible and varaible from personto person
[09:55:14] <wrbtrader> My first few years were "extremely" painful :(
[09:55:30] <wrbtrader> Lost about 12k on my very first trade...
[09:55:39] <TigermanTrader> the great champion have the will to fight again after a string of no so good performance
[09:55:42] <diesel_> weeoooooo
[09:55:45] <wrbtrader> Didn't get better for a long while after that
[09:56:25] <TigermanTrader> yeah to be able to carry a BIG loss and go on is a VERY difficult thing
[09:56:34] <MattR_> Woah! and I thought my first three days of -$15k was bad.
[09:56:46] <TigermanTrader> not to argue but one have to try it !!!
[09:56:58] <tinkug112> same here lost heavily
[09:58:06] <TigermanTrader> if I calculate hours spend in learn trading ..
[09:58:07] <wrbtrader> We got a ton of range price action on quickly declining volatility into the 1000am est key market events
[09:58:23] <wrbtrader> setting up for a nice volatility spike
[09:58:28] <JetJockBoston> Does someone have a tradestation code identifying WBR Hidden Gaps? I couldn't find one online or at TS support...
[09:58:48] <TigermanTrader> the only right outcome if make lot of monry to compensate for efforts
[09:59:00] <wrbtrader> I had one a long time ago when I was a TradeStation (easylanguage) user
[09:59:09] <JetJockBoston> Long ES @ 1596.25 Long 10 Cts
[09:59:30] <tinkug112> pt1 reached 95.38
[09:59:30] <wrbtrader> Took only a few minutes to code
[09:59:34] <TigermanTrader> yep tight volatility now
[09:59:42] <JetJockBoston> i'm not really a coder
[10:00:02] <TigermanTrader> in CL price is contracting inside previous wrb hg at 9:24
[10:00:37] <TigermanTrader> wrbtrader about your kid and sport...
[10:00:46] <wrbtrader> Sorry, no 1000am est key market event...its 1030am est
[10:00:47] <TigermanTrader> prepare to travel alot :)
[10:01:20] <TigermanTrader> simply competitive sport is not easy
[10:01:38] <TigermanTrader> so you add the trading stress and sport stress
[10:02:00] <TigermanTrader> I do not know your kids goal
[10:02:30] <TigermanTrader> but I assume need effort to be in national level
[10:03:03] <JetJockBoston> took 5 ES off at 1597.00 (3.75 pts), still long 5
[10:03:15] <TigermanTrader> today standard is very young
[10:03:18] <MattR_> Are there any KMEs at 10 o'clock?
[10:03:50] <TigermanTrader> matt I remember only oil or gas 10:30
[10:03:51] <diesel_> fisher speaks @ 10
[10:03:57] <wrbtrader> No...just 1030am est
[10:04:18] <MattR_> ah, ok. Thanks. 10:30 is all I'm showing too.
[10:04:43] <diesel_> http://mam.econoday.com/byweek.asp?cust=mam
[10:05:00] <wrbtrader> Shorts Emini ES @ 1596.00 -> large size
[10:05:09] <wrbtrader> 15 contracts
[10:05:28] <JetJockBoston> out remaining 5 at 1596.25 scratch (net +3.75)
[10:05:45] <JetJockBoston> wait to gret out of this opening range
[10:05:46] <wrbtrader> :(\
[10:05:54] <wrbtrader> Looking for a Houdini Escape
[10:06:31] <wrbtrader> Covered all Emini ES Short @ 1595.25 --> + 0.75
[10:06:49] <wrbtrader> trade error...saw something that really wasn't there
[10:07:41] <squiggles> Messy price action today so far
[10:07:43] <TigermanTrader> 1595 is a support here in ES
[10:08:08] <TigermanTrader> support of that wrb hg at 9:30
[10:08:47] <squiggles> TF 2m chart looks like dogs dinner since 0930
[10:13:25] <wrbtrader> Emini TF lower time frame charts look ugly in comparison to the higher time frame charts
[10:14:51] <MattR_> Gold GC Futures still in Creeper Up from early this morning.
[10:16:03] <MattR_> Volatility Spike in Crude Oil CL Futures.
[10:16:30] <wrbtrader> Shorts Emini ES @ 1592.75 -> large size
[10:16:53] <wrbtrader> 6 contracts
[10:19:30] <wrbtrader> Covered all Emini ES Short @ 1593.00 --> - 0.25
[10:28:07] <TigermanTrader> CL contracting after the down spike
[10:29:40] <TigermanTrader> just analyize
[10:29:58] <TigermanTrader> simply too disctration here to trade
[10:30:23] <TigermanTrader> I plan to pe ready from July
[10:30:30] <TigermanTrader> be ready
[10:31:03] <TigermanTrader> simply I m finish to care for family and helping for home trasnfert
[10:32:39] <wrbtrader> Shorts Emini ES @ 1592.25 -> large size
[10:33:02] <wrbtrader> 10 contracts
[10:34:04] <wrbtrader> WRB pt1 reached
[10:34:23] <wrbtrader> Covered all Emini ES Short @ 1591.25 --> + 1
[10:35:51] <wrbtrader> Should'uv gone with Emini TF on that trade instead of Emini ES
[10:37:05] <wrbtrader> Shorts Light Crude Oil CL @ 94.29 -> large size
[10:37:15] <wrbtrader> 4+2 contracts
[10:37:40] <squiggles> CL making new low for day
[10:38:18] <wrbtrader> Its fighting hard
[10:39:17] <wrbtrader> That big WRB Hidden GAP not helping much
[10:39:53] <wrbtrader> Covered 1/3 Light Crude Oil CL Short @ 94.10 --> + 0.19
[10:40:52] <wrbtrader> Covered 1/3 Light Crude Oil CL Short @ 93.97 --> + 0.32
[10:41:11] <wrbtrader> Covered Remainder Light Crude Oil CL Short @ 93.90 --> + 0.39
[10:41:24] <wrbtrader> These are not WRB targets
[10:41:38] <wrbtrader> they are exits to get me profitable for the day
[10:42:14] <wrbtrader> Had some loses in the overnight trading session that gets tacked onto today's trading session
[10:46:55] <diesel_> I liked your comment yesterday that you were all trader, no vendor
[10:47:21] <diesel_> splendid distinction for the rtooms I have seen
[10:48:12] <wrbtrader> I said that yesterday ?
[10:48:37] <wrbtrader> I don't remember...early signs of memory loss :)
[10:49:41] <diesel_> yes you did and it is a diviing rod of sorts
[10:49:47] <diesel_> dividing
[10:49:57] <diesel_> there are vendors
[10:50:04] <diesel_> venfors in traders clothing
[10:50:06] <diesel_> and traders
[10:55:13] <canaandog> cl retracing up
[11:04:18] <tinkug112> see you guys time for dinner and family
[11:04:35] <tinkug112> happy trading
[11:06:45] <diesel_> take care
[11:10:28] <wrbtrader> a lot of down pressure in Forex EurUsd Currency
[11:11:25] <JetJockBoston> short 1590.25 3 cts
[11:15:12] <JetJockBoston> Exit 1589.75 1.50 pts.
[11:15:23] <JetJockBoston> was looking for a new break lower
[11:21:06] <JetJockBoston> Long 3 ES @ 1591.50
[11:22:02] <wrbtrader> Shorts Emini ES @ 1591.50 -> large size
[11:22:17] <wrbtrader> 3+3 contracts
[11:22:43] <JetJockBoston> Exit ES 1591.25 should have moved by now
[11:23:00] <JetJockBoston> -.75
[11:23:34] <JetJockBoston> tough a.m.
[11:25:07] <wrbtrader> Covered all Emini ES Short @ 1591.25 --> + 0.25
[11:25:14] <wrbtrader> :(
[11:25:23] <wrbtrader> tighten that trail too early
[11:25:47] <wrbtrader> Shorts Emini ES @ 1590.75 -> large size
[11:25:55] <wrbtrader> 15 contracts
[11:26:00] <wrbtrader> re-entry
[11:29:00] <wrbtrader> WRB pt1 (shallow) reached but can't grab it :(
[11:29:49] <wrbtrader> snap back
[11:30:25] <wrbtrader> Covered all Emini ES Short @ 1590.50 --> + 0.25
[11:30:35] <wrbtrader> :(
[11:30:58] <JetJockBoston> done for a.m., hopefully afternoon session improves
[11:31:01] <wrbtrader> tough two trades
[11:52:38] <wrbtrader> nasty snap back in Gold GC futures
[11:54:40] <wrbtrader> Long Gold GC @ 1234.60 -> small size
[11:56:08] <wrbtrader> Exited all Gold GC Long @ 1234.00 --> - 0.6
[11:57:56] <t4npaper> long cl 1234.5
[11:58:04] <t4npaper> GC
[11:58:08] <TigermanTrader> long CL 94.80
[11:59:26] <TigermanTrader> exit cl 94.98
[11:59:54] <t4npaper> eesh, snapped again
[12:00:05] <TigermanTrader> + 18 ticks
[12:00:58] <wrbtrader> Long Gold GC @ 1234.90 -> small size
[12:01:03] <t4npaper> shallow pt1
[12:01:09] <wrbtrader> 2 contracts
[12:01:38] <wrbtrader> Gold GC futures trying to climb the range of a prior long upper shadow on the 3min chart
[12:02:21] <t4npaper> cl popping
[12:02:50] <t4npaper> exit 1235.4 +.9
[12:03:02] <t4npaper> no need to be brave
[12:03:11] <TigermanTrader> yeah a good pt2 target for my previous trade..
[12:03:33] <TigermanTrader> if only use more contracts
[12:03:45] <TigermanTrader> but only 1 today
[12:03:53] <TigermanTrader> too distraction here x me
[12:05:13] <wrbtrader> Exited all Gold GC Long @ 1233.00 --> - 1.9
[12:05:42] <wrbtrader> Gold GC futures testing the S area of a prior WRB Hidden GAP
[12:06:49] <canaandog> cl now above pre-kme levels again
[12:11:50] <wrbtrader> Shorts Gold GC @ 1233.50 -> medium size
[12:11:59] <wrbtrader> 4 contracts
[12:12:55] <wrbtrader> :(
[12:14:26] * YMerUBdx was kicked by wrbtrader (YMerUBdx)
[12:16:18] <@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.
[12:18:15] <@wrbtrader> WRB pt1 reached
[12:18:19] <@wrbtrader> shallow
[12:28:03] <@wrbtrader> Covered 3/4 Gold GC Short @ 1231.10 --> + 2.4
[12:28:20] <@wrbtrader> Covered Remainder Gold GC Short @ 1231.30 --> + 2.2
[12:28:25] <t4npaper> nice
[12:28:28] <@wrbtrader> WRB pt2 reached
[12:32:19] <@wrbtrader> Gold GC futures dropped heavily in the overnight trading session...
[12:32:45] <@wrbtrader> I was occassionaly checking on my losing Emini TF overnight hold and didn't Short Gold GC futures.
[12:33:00] <@wrbtrader> Had too much tunnel vision for Emini TF
[12:33:19] <@wrbtrader> lesson learn
[12:34:15] <@wrbtrader> Gold, silver tumble on Fed fears, dollar gains (MarketWatch) @ http://www.marketwatch.com/story/gold-s ... 2013-06-26
[12:49:06] <TigermanTrader> take care all see next time
[12:56:11] <t4npaper> long tf 960.7
[13:02:51] <t4npaper> exit 960.8 +.1
[13:09:23] <t4npaper> skipped on the reentry, meh
[14:13:14] <canaandog> eminis are moribund
[14:13:53] <@wrbtrader> They're stuck in mud
[14:14:44] <@wrbtrader> Emini TF futures does have a key WRB Hidden GAP below for the interval 1200pm - 1215pm est (15min chart)
[14:15:46] <canaandog> similar one in 10m
[14:20:23] * 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'
[14:20:23] * Set by wrbtrader on Tue Feb 05 08:11:19
[14:20:23] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[14:21:19] <@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
[14:27:56] <@wrbtrader> Long Emini ES @ 1598.50 -> small size
[14:28:04] <@wrbtrader> 2 contracts
[14:29:57] <@wrbtrader> Crude Oil CL futures volatility spike
[14:30:21] <canaandog> yeah, wished I'd noticed sooner. wasn't paying attention.
[14:30:41] <@wrbtrader> same here
[14:33:08] <@wrbtrader> Exited Emini ES Long @ 1597.50 --> - 1
[14:33:38] <@wrbtrader> Long Light Crude Oil CL futures @ 95.52 small size
[14:33:45] <@wrbtrader> 1 contract
[14:38:26] <@wrbtrader> Exited Emini ES Long @ 95.46 --> - 1503.04
[14:38:45] <@wrbtrader> correction
[14:39:25] <@wrbtrader> Exit Light Crude Oil CL futures @ 95.46 -0.06
[14:40:45] <@wrbtrader> Long Emini ES @ 1597.75 -> small size
[14:40:56] <@wrbtrader> 2 contracts
[14:41:13] <@wrbtrader> Gold GC volatility spike :(
[14:42:20] <@wrbtrader> FYI -> - @ChanServ is not a person. It is a robot mode by Freenode that allows me to control the chat room from my desktop and from my mobile device. Therefore, do not send private messages to @ChanServ because I will not get those messages. Instead, send your messages to @wrbtrader or wrbtrader_mobile.
[14:46:16] <diesel_> is ChanServe like the avatar Jennifer on Page Trader?
[14:47:03] <@wrbtrader> without chanserve...scripts, moderating can't occur
[14:47:39] <@wrbtrader> Also, without chanserve...web-browser log-ins will be more difficult (more disconnection proplems)
[14:48:26] <diesel_> Jennifer talks!
[15:00:11] <@wrbtrader> Exited all Emini ES Long @ 1599.25 --> + 1.5
[15:01:33] <@wrbtrader> Emini futures increasing volatility
[15:42:25] <t4npaper> rush hour time
[15:47:26] <JetJockBoston> Short 1598.75 3 into close
[15:47:27] <JetJockBoston> ES
[15:48:52] <MattR_> g'night, all.
[15:50:22] <JetJockBoston> exit all at 1598.50
[15:51:34] <@wrbtrader> so far...too much contraction in the volatility going into the 4pm est rush hour traffic
[15:56:40] <@wrbtrader> Short Light Crude Oil CL futures @ 1598.00 large size
[15:57:27] <@wrbtrader> Shorts Emini TF @ 960.20 -> large size
[15:57:39] <@wrbtrader> 6 contracts on the Emini TF
[15:57:58] <@wrbtrader> 15 contracts on the Emini ES futures
[16:00:59] <canaandog> noisy but little real motion
[16:01:36] <@wrbtrader> Cover all Emini ES futures @ 1597.50
[16:01:43] <@wrbtrader> +0.50
[16:02:12] <@wrbtrader> Covered all Emini TF Short @ 960.00 --> + 0.2
[16:03:05] <@wrbtrader> too much contraction in the volatility
[16:03:47] <canaandog> sometimes late contraction erupts into a nice finish
[16:03:57] <canaandog> but not last couple of days
[16:08:54] <@wrbtrader> correction...that was a Emini ES trade...not Light Crude Oil trade
[16:14:07] <canaandog> tomorrow
Session Close: Wed Jun 26 17:31:31 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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