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 Post subject: July 8th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Mon Jul 08, 2013 6:19 pm 
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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, one real-time trade or one general trading related 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:
070813-Key-Price-Action-Markets.png
070813-Key-Price-Action-Markets.png [ 522.08 KiB | Viewed 264 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: Mon Jul 08 09:37:08 2013
Session Ident: ##TheStrategyLab
[09:37:08] * Now talking in ##TheStrategyLab
[09:37:08] * 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'
[09:37:08] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:37:08] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:46:36] <wrbtrader> Long Emini TF @ 1006.50 -> large size
[09:47:25] <wrbtrader> Entry problem...cost me 6 ticks :(
[09:48:25] <wrbtrader> Simply, I do not have any wiggle room to survive a retracement
[09:51:21] <wrbtrader> Exited all Emini TF Long @ 1007.20 --> + 0.7
[09:52:36] <wrbtrader> Long Emini TF @ 1007.00 -> large size
[09:52:50] <wrbtrader> re-entry
[09:53:05] <wrbtrader> prior trade pick pocketed after trail stop adjustment
[09:54:46] <wrbtrader> No 1000am est key market event today to jump start volatility
[09:55:20] <wrbtrader> I know the ECB President Draghi is speaking but don't know when such concludes
[09:57:20] <@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.
[09:57:58] <canaandog> nq not looking too enthusiastic
[09:58:37] <Donnin__> wrbhg 9:45am on es
[09:58:59] <Donnin__> 5min
[10:00:34] <diesel_> ES/TF/NQ/Y/M in waddle mode
[10:04:26] <@wrbtrader> Exited 1/2 Emini TF Long @ 1009.30 --> + 2.3
[10:04:35] <@wrbtrader> WRB pt1 reached
[10:05:01] <Donnin__> ;-)
[10:05:38] <@wrbtrader> Exited Emini TF Long @ 1009.20 --> + 2.2
[10:08:29] <JetJockBoston> Short 5 ES @ 1637.75
[10:10:51] <JetJockBoston> (looking for 1634-1635 area)
[10:11:04] <@wrbtrader> I was lucky to get a 2nd chance after the bad entry and trail stop pick pocketed in the first trade
[10:12:25] <JetJockBoston> Added 5 more short here at 1639
[10:17:29] <JetJockBoston> covered 3 of 10 @ 1636.50
[10:18:43] <@wrbtrader> Long Gold GC @ 1232.50 -> medium size
[10:18:57] <@wrbtrader> 4 contracts
[10:21:33] <JetJockBoston> Short 3 more at 1637.25
[10:21:48] <JetJockBoston> (back to net 10 short)
[10:24:14] <MattR_> KME coming up -- 10:30 Bank of Canada Business Outlook
[10:24:17] <JetJockBoston> Covered 10 short on stop at 1637.50
[10:24:51] <JetJockBoston> geez...net about 7 pts total
[10:25:35] <diesel_> nice Jet
[10:25:55] <JetJockBoston> thx...(think I squeeze it too tight there....)
[10:27:31] <@wrbtrader> Exited 3/4 Gold GC Long @ 1235.50 --> + 3
[10:27:47] <@wrbtrader> WRB pt3 reached
[10:30:25] <@wrbtrader> Exited Remainder Gold GC Long @ 1236.50 --> + 4
[10:30:28] <@wrbtrader> WRB Hidden GAP pt1 reached
[10:31:04] <@wrbtrader> meant WRB Hidden GAP pt2 reached (not pt1)
[10:32:50] <diesel_> excellent
[10:33:58] <JetJockBoston> Short 5 ES @ 1637.25
[10:34:36] <diesel_> careful Jet
[10:34:44] <JetJockBoston> tight stop
[10:34:50] <diesel_> kewl
[10:38:41] <JetJockBoston> covered 2 @ 1636.75 (1 pt total), hold the last 3, stop at 37.50
[10:38:51] <JetJockBoston> stopped out
[10:39:35] <squiggles> ES and YM just going sideways at the moment
[10:39:56] <JetJockBoston> oh well...wait for this range to give
[10:42:24] <MattR_> Increasing Volatility in Gold GC Futures.
[10:42:48] <JetJockBoston> Long 3 ES 1638.25
[10:44:41] <JetJockBoston> exited that trade 1637.75 - not a fan of that setup - .75
[10:46:31] <MattR_> Crude Oil CL Futures trying to break out of 10:30-10:33 WRB HG.
[10:47:49] <canaandog> 6A has done well since 0500
[11:00:49] <@wrbtrader> Emini ES futures still trading near the R area of WRB Hidden GAP 0945am - 1000am est (15min chart)
[11:05:05] <squiggles> CL volatility to upside
[11:22:40] <@wrbtrader> Emini ES futures below the earlier mentioned R area
[11:23:11] <@wrbtrader> Market lacking stimulus today to get going
[11:24:11] <@wrbtrader> Greeks march in protest against bailout job cuts (MarketWatch) @ http://www.marketwatch.com/story/greeks ... atest_news
[11:28:12] <JetJockBoston> there's the 1634 area... only took 80 minutes from my trade to drop 3 pts...lol
[11:53:11] <@wrbtrader> Emini ES futures now retesting the S area of the WRB Hidden GAP 0945am - 1000am est (15min chart price action trading)
[12:42:15] <JetJockBoston> Short 3 ES @ 1633.50
[12:48:29] <JetJockBoston> covered 2 @ 1632
[12:50:41] <MattR_> Volatility Spike in Crude Oil CL Futures.
[12:56:03] <JetJockBoston> Stopped out on 3rd contract - scratch at 33.50
[13:34:35] <t4npaper> long tf 1006.3
[13:35:00] <t4npaper> 1007.7 is target
[13:35:57] <t4npaper> I will have to trail it due to money management requirements
[13:37:01] <t4npaper> exit 1006.9 +.6
[13:49:33] <@wrbtrader> Long Emini TF @ 1008.00 -> small size
[13:49:41] <@wrbtrader> 1 contract
[13:51:47] <@wrbtrader> Exited Emini TF Long @ 1007.50 --> - 0.5
[13:57:15] <@wrbtrader> Long Emini TF @ 1007.90 -> small size
[13:57:25] <@wrbtrader> 2 contracts
[13:57:30] <@wrbtrader> re-entry
[13:57:38] <t4npaper> long tf 1008
[13:58:38] <t4npaper> stop is a bit too big for my liking
[14:00:49] <@wrbtrader> Exited all Emini TF Long @ 1007.40 --> - 0.5
[14:01:24] <@wrbtrader> more contracting volatility near that R area of the most recent Down WRB Hidden GAP
[14:01:27] <t4npaper> exit 1007.3
[14:01:39] <t4npaper> -.7
[14:01:39] <@wrbtrader> trying hard now to increase volatility into a possible volatility breakout
[14:02:00] <@wrbtrader> in reference to price moving downward into a possible volatility breakout
[14:03:09] <Donnin__> let see what it does
[14:04:36] <@wrbtrader> Long Emini TF @ 1007.90 -> medium size
[14:04:44] <@wrbtrader> 4 contracts
[14:04:54] <@wrbtrader> re-entry
[14:07:38] <t4npaper> long 1007.8
[14:08:28] <@wrbtrader> tightning stop loss protection.
[14:08:35] <@wrbtrader> volatility just dried up
[14:08:43] <@wrbtrader> I'm now expecting a volatility spike here soon
[14:08:44] <Donnin__> :<
[14:09:25] <t4npaper> transfered to oil...
[14:10:13] <t4npaper> exit 1007.4 -.4
[14:15:37] <@wrbtrader> Long Emini ES futures @ 1634.75 large size with 10 contracts
[14:16:07] <@wrbtrader> These are big trades for me for this time of day.
[14:18:03] <t4npaper> impatient on reentries today
[14:18:12] <t4npaper> costly
[14:19:59] <@wrbtrader> Thomson Reuters ends early access to key market data (CNNMoney) @ http://money.cnn.com/2013/07/08/investi ... t=My+Yahoo
[14:21:22] <t4npaper> long tf 1007.8
[14:23:11] <t4npaper> exit 1007.5 -.3
[14:23:37] <t4npaper> i'm done getting screwed around in this chop
[14:28:22] <@wrbtrader> Exit Emini ES futures @ 1634.25 -0.50
[14:44:29] <@wrbtrader> Long Emini ES futures @ 1635.25 large size with 10 contracts
[14:44:35] <@wrbtrader> re-entry
[14:46:15] <@wrbtrader> shaken out of two Emini TF trades and one Emini ES trade
[14:53:40] <diesel_> more like died of boredom
[14:55:28] <@wrbtrader> Exit Emini TF futures @ 1636.50 +1.25
[14:55:36] <@wrbtrader> WRB pt1 reached
[15:02:24] <@wrbtrader> Exited all Emini TF Long @ 1007.30 --> - 0.6
[15:07:01] <@wrbtrader> Long Emini TF @ 1007.80 -> large size
[15:07:09] <@wrbtrader> 3+3
[15:07:13] <@wrbtrader> re-entry
[15:13:22] <JetJockBoston> Long NQ 2956.25 4 cts
[15:19:36] <MattR_> Heading out. See you all tomorrow.
[15:24:55] <@wrbtrader> Exited all Emini TF Long @ 1006.40 --> - 1.4
[15:28:48] <JetJockBoston> scratched that trade - -.25
[15:36:48] <JetJockBoston> long 3 ES 1634.00
[15:49:12] <@wrbtrader> Long Emini TF @ 1007.30 -> large size
[15:49:25] <@wrbtrader> 6 contracts
[15:49:49] <@wrbtrader> Long Emini TF @ 1007.40 -> Add
[15:50:02] <@wrbtrader> 4 added
[15:50:50] <t4npaper> long tf 1007.5
[15:51:10] <t4npaper> only small, will try adding later
[15:51:57] <JetJockBoston> scratched those trades at 1633.75
[15:52:05] <JetJockBoston> (small loss)
[15:52:15] <@wrbtrader> snap back
[15:53:02] <t4npaper> my stop is 1006.1
[15:53:20] <@wrbtrader> volatility had been slowly increasing
[15:53:36] <@wrbtrader> wasn't meant to be
[15:55:00] <t4npaper> exit 1006.1 -1.4
[15:56:45] <t4npaper> trade error also
[15:57:50] <@wrbtrader> Emini ES futures calm going into the 4pm est rush hour traffic
[15:58:04] <@wrbtrader> Emini TF futures struggling with its volatility in comparison
[16:00:26] <t4npaper> well today was crap
[16:00:34] <t4npaper> better luck tomorrow
[16:03:48] <canaandog> lousy close
[16:03:54] <canaandog> tomorrow
[16:08:18] <@wrbtrader> Exited 1/4 Emini TF Long @ 1006.50 --> - 0.9
[16:08:35] <@wrbtrader> Exited Remainder Emini TF Long @ 1006.50 --> - 0.8
[16:08:57] <@wrbtrader> 4 then 5
[16:09:36] <@wrbtrader> Take care all and see all tomorrow...running late for a soccer game
[16:26:11] * king is now known as Guest83313
[16:29:46] <Donnin__> Jet do you trade off 1 min chart?
Session Close: Mon Jul 08 18:25:55 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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