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 Post subject: July 11th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Jul 12, 2013 6:05 am 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
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##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:
071113-Key-Price-Action-Markets.png
071113-Key-Price-Action-Markets.png [ 526.81 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 Jul 11 09:32:05 2013
Session Ident: ##TheStrategyLab
[09:32:05] * Now talking in ##TheStrategyLab
[09:32:05] * 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'
[09:32:05] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:32:05] -ChanServ- [##TheStrategyLab] Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[09:32:05] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:32:36] <TigermanTrader> gm all
[09:32:56] <TigermanTrader> short cl 105.4
[09:33:11] <TigermanTrader> volatility increase
[09:33:49] <TigermanTrader> cover cl 1/2 at 105.3
[09:33:54] <Trendtrader> Covered all Emini TF Short @ 1031.5 --> - 2
[09:34:52] <TigermanTrader> exit cl remainder at 105.38
[09:37:08] <TigermanTrader> short cl 105.24
[09:38:17] <wrbtrader> Shorts Light Crude Oil CL @ 105.28 -> large size
[09:38:34] <wrbtrader> 6+4
[09:40:06] <TigermanTrader> exit cl short at 105.22
[09:40:21] <TigermanTrader> + 2 tick gain
[09:40:31] <TigermanTrader> too late entry at bad price
[09:40:46] <TigermanTrader> lucky price continue down in my favor
[09:41:53] <wrbtrader> Crude Oil CL futures volatility contraction
[09:42:40] <wrbtrader> Good volatility after 0922am est
[09:42:51] <wrbtrader> has now contracted into price noise
[09:43:31] <wrbtrader> most recent WRB Hidden GAP being retraced
[09:45:24] <squiggles> NQ contrarian direction to TF and Es
[09:46:02] <diesel> index attitude
[09:46:34] <wrbtrader> Short Emini TF futures @ 1027.90 large size
[09:46:53] <wrbtrader> 9+1 contracts
[09:47:11] <wrbtrader> WRB pt1 (shallow) reached
[09:47:29] <wrbtrader> late entry due to order problem
[09:48:13] <TigermanTrader> short cl 105.25
[09:48:31] <TigermanTrader> seems cl continue his downmove
[09:49:43] <TigermanTrader> exit cl at 105.3
[09:50:16] <TigermanTrader> cl retasting support of recent wrb hidden gap
[09:50:21] <wrbtrader> Exit all Emini TF futures @ 1026.90 +1.00
[09:51:02] <wrbtrader> Crude Oil CL futures now range bound with my entry now cemented at the low side of the range :(
[09:53:33] <wrbtrader> Emini TF futures now trying to retrace its WRB Hidden GAP
[09:53:55] <wrbtrader> price action looks lost in the woods
[09:54:08] <diesel> ping pong
[09:55:16] <wrbtrader> Key market events @ 1030am, 1100am, 1300pm and 1400pm est
[09:57:19] <diesel> boudn between morning H/L range on ES/TD/Y/NQ
[09:57:28] <diesel> TF/YM
[09:58:55] <wrbtrader> Covered all Light Crude Oil CL Short @ 105.29 --> - 0.01
[10:00:03] <wrbtrader> Shorts Light Crude Oil CL @ 105.30 -> large size
[10:00:14] <wrbtrader> 6 contracts
[10:00:28] <wrbtrader> re-entry
[10:08:02] <TigermanTrader> price still inside most recente wrb hg in cl
[10:09:32] <TigermanTrader> long cl 105.51
[10:10:02] <TigermanTrader> tight stop near a strong resistence
[10:11:21] <wrbtrader> Covered all Light Crude Oil CL Short @ 105.55 --> - 0.25
[10:12:24] <TigermanTrader> exit cl at 105.54
[10:12:32] <TigermanTrader> + 3 tick
[10:13:17] <JetJockBoston> Long 5 ES @ 1663.50
[10:13:47] <TigermanTrader> short cl 105.45
[10:14:09] <TigermanTrader> tight stop
[10:14:27] <TigermanTrader> price already done their move near resistence
[10:15:26] <TigermanTrader> exit cl 1/2 at 105.38
[10:16:00] <JetJockBoston> Sold 5 ES @1664.50 for 1.00 scalp
[10:16:49] <TigermanTrader> exit cl remainder at 105.42
[10:19:29] <JetJockBoston> Sold 5 ES @ 1663.75
[10:19:44] <TigermanTrader> short iwm at 102.33
[10:20:36] <JetJockBoston> Short 5 more ES @ 1663.00
[10:21:04] <JetJockBoston> Short 10 total ES @ 1663.375
[10:21:44] <TigermanTrader> exit iwm at 102.32 + 1 tick
[10:21:53] <TigermanTrader> fast retrace after price stall
[10:22:11] <JetJockBoston> covered 5 @ 1663.75...probe didn't break
[10:22:29] <JetJockBoston> give the other 5 some room, lessen risk
[10:23:00] <TigermanTrader> short iwm 102.35
[10:23:03] <TigermanTrader> re entry
[10:24:05] <JetJockBoston> Looking to add on a break
[10:25:00] <TigermanTrader> oil is miving
[10:25:01] <tinkug112> ES struggling in last WRB
[10:25:11] <JetJockBoston> Covered last 5 @ 1663.75, this could break either way
[10:25:35] <TigermanTrader> but oil doesn t help my short on iwm
[10:27:50] <JetJockBoston> Short 5 ES @ 1663.00
[10:28:25] <TigermanTrader> exit 1/2 iwm at 102.27
[10:28:29] <JetJockBoston> <blah>
[10:29:16] <TigermanTrader> exit remainder iwm at 102.31
[10:29:29] <canaandog> 6e spike
[10:29:38] <TigermanTrader> gas news in less then 1 minute
[10:29:56] <canaandog> eminis just jerking around in range
[10:30:00] <squiggles> CL within yesterdays still open 1030 to 1045 WRB HG
[10:30:22] <JetJockBoston> break already
[10:32:08] <diesel> NQ at top of range' Es/YM bottom; TF middle
[10:32:09] <canaandog> A/D Q vs NQ & RUT hard to understand
[10:32:22] <JetJockBoston> yup...nice and sloppy direction
[10:33:27] <diesel> YM breaking
[10:33:45] <JetJockBoston> diverging mkts
[10:33:51] <diesel> y
[10:34:00] <JetJockBoston> need 62 (ES) to go
[10:34:18] <JetJockBoston> Add 3 more @ 62.00 Short ES
[10:34:33] <JetJockBoston> 8 short total, looking for at least 1660
[10:38:11] <canaandog> I'll do you all a favor: I'm going to do something else for a while
[10:38:17] <canaandog> should break big shortly :)
[10:40:09] <wrbtrader> Just got back
[10:40:12] <JetJockBoston> sold 2 more at 1661.75 (10 total)
[10:40:28] <diesel> CL prices liek broken glass
[10:40:50] <diesel> all 4 in sam e direction Jet
[10:41:11] <JetJockBoston> i know, finally
[10:42:04] <JetJockBoston> it's the NQ not cooperating
[10:43:11] <wrbtrader> looks like Crude Oil CL stuck in a 30 tick range
[10:46:00] <wrbtrader> Emini futures still look lost
[10:46:04] <JetJockBoston> out of my 10 short @ 62.50 for a net scratch
[10:46:20] <diesel> 4th brain dead day
[10:48:38] <wrbtrader> Shorts Light Crude Oil CL @ 105.23 -> large size
[10:48:49] <wrbtrader> 4+2
[10:49:27] <wrbtrader> WRB pt1 (shallow) reached :(
[10:50:17] <wrbtrader> had one similar to this earlier...it eventually retraced and took me out for a 1 tick loss
[10:50:36] <squiggles> CL now at S area yesterdays WRB HG 1030 to 1045
[10:52:14] <wrbtrader> goal is a WRB Hidden GAP pt1
[10:54:46] <JetJockBoston> ok....i'm going on sabbatical for 2 hrs...hope pm picks up
[10:54:55] <wrbtrader> Covered 2/3 Light Crude Oil CL Short @ 104.81 --> + 0.42
[10:55:21] <wrbtrader> early exit on that because I needed to get profitable
[10:55:45] <wrbtrader> holding the remainder for a possible WRB Hidden GAP pt1
[10:56:35] <squiggles> HG copper volatility expansion to the downside 2m chart
[11:01:29] <t4npaper> short gc 1279.7
[11:01:38] <wrbtrader> Light Crude Oil CL futures made its first key change in supply demand via the WRB Hidden GAP @ 0415am - 0430am est
[11:02:21] <wrbtrader> In fact, most of Crude Oil CL key changes in supply/demand occurs in the overnight trading session for those on the North American time zone.
[11:02:53] <wrbtrader> Yet, most of the volume activity in Crude Oil CL futures occurs during the regular trading session of the North American time zone
[11:03:47] <t4npaper> exit half 1277.8 +1.9
[11:03:59] <wrbtrader> Simply, when we show up and start our trading day after 0930am est...
[11:04:11] <wrbtrader> We're just trading the leftovers :(
[11:04:32] <diesel> many rooms that trade CL done at 9 am
[11:05:06] <@wrbtrader> That makes me wonder if those rooms are "outside" of the U.S.
[11:05:44] <diesel> hed trader in one arrested in Fl last year
[11:05:53] <@wrbtrader> The only Crude Oil CL futures room I now that's dedicated to CL only...
[11:05:55] <diesel> so prbably US guy (LOL)
[11:06:15] <TigermanTrader> we can also have night shift traders
[11:06:16] <@wrbtrader> It has about 40 members and the room OP along with most of the members are out of Europe
[11:08:18] <diesel> perhaps
[11:11:09] <@wrbtrader> Does night shift traders implies someone with a day job in Europe but trades Crude Oil CL futures at night.
[11:11:11] <@wrbtrader> ?
[11:11:34] <t4npaper> exit rem 1278.9 +.8
[11:12:36] <diesel> Bon Trade, Oil Pros, Day Trade the futures, Jaguar big CL trades; all US
[11:12:45] <diesel> for sure
[11:12:46] <TigermanTrader> no daytrade shift I mean future oil traders working in us
[11:13:08] <TigermanTrader> I mean sleep in morning and work at night
[11:13:17] <TigermanTrader> living in us
[11:13:18] <diesel> nocturnal
[11:13:23] <diesel> why not
[11:13:27] <@wrbtrader> Ahhh...ok
[11:13:33] <@wrbtrader> I tried that once...
[11:13:40] <@wrbtrader> Almost burnt out in 2 weeks
[11:13:43] <TigermanTrader> professional traders of course :)
[11:14:26] <@wrbtrader> Last week I had more trading errors in one week in comparison to prior 6 months of trading
[11:14:27] <TigermanTrader> I ve done that for some time
[11:14:27] <TigermanTrader> I hate it
[11:14:32] <TigermanTrader> not trading related
[11:14:50] <TigermanTrader> but anyway high demanding job
[11:14:58] <@wrbtrader> meant...the last week of trying to trade when I should have been sleeping.
[11:15:16] <@wrbtrader> Occurred back in the early 90's while in college
[11:15:28] <TigermanTrader> anyway for me the idea of working at night is not good
[11:15:42] <@wrbtrader> Be in classes most of the day and go home and study then trade late at night.
[11:16:04] <@wrbtrader> I became a Zombie within 2 weeks :)
[11:16:25] <@wrbtrader> WRB Hidden GAP pt1 verified.
[11:16:35] <TigermanTrader> but I ve done a lot of trading after a long working day in afternoon and evening
[11:16:40] <@wrbtrader> now need for it to retrace and give me a decent exit
[11:17:27] <@wrbtrader> Anyways, I learned after that....that I should only trade at night on days I didn't have classes during the day.
[11:17:40] <@wrbtrader> allowing myself to get proper rest
[11:18:38] <diesel> try drugs
[11:18:49] <tinkug112> you go to classes or Take classes :)
[11:29:56] <@wrbtrader> Gold GC futures still rising (retracing upwards)
[11:53:29] <canaandog> wow- eminis did nothing
[11:54:16] <@wrbtrader> Crude Oil CL futures now back below the WRB Hidden GAP pt1 of 104.76
[11:55:03] <@wrbtrader> Covered Remainder Light Crude Oil CL Short @ 104.67 --> + 0.56
[11:56:15] <diesel> weeeeeeeeeeooooooooooooo
[11:56:35] <diesel> I am still in also
[11:57:15] <@wrbtrader> diesel...did you post your trade entry ???
[11:57:48] <diesel> dropped in with you, mostly
[11:58:04] <diesel> what to double post?
[11:58:07] <diesel> want
[11:59:52] <@wrbtrader> Yes...exactly, what was the time you posted your trade entry in here ##TheStrategyLab because I don't see it.
[12:01:53] <diesel> OK; will do
[12:59:00] <TigermanTrader> take care all
[13:00:37] <diesel> good day
[14:39:45] <diesel> knock knock
[14:58:41] <canaandog> nobody
[15:08:18] <diesel> seems so
[15:51:17] <@wrbtrader> 4pm est rush hour traffic is upon us
[15:51:30] <@wrbtrader> Yet, they've been a big fizzle.
[15:51:52] <@wrbtrader> In contrast, the price action AFTER 4pm est has been more active in price movement
[15:52:39] <@wrbtrader> Unfortunately, personal reasons doesn't allow me to trade after that until the kids return back to school in the fall :(
[15:57:51] <@wrbtrader> Long Emini ES @ 1671.00 -> large size
[15:58:06] <@wrbtrader> 15 contracts
[15:58:33] <@wrbtrader> Emini ES has had the better price action for the 4pm est rush hour traffic lately.
[15:58:40] <@wrbtrader> So far I'm wrong :(
[16:01:01] <@wrbtrader> Exited all Emini ES Long @ 1670.75 --> - 0.25
[16:01:09] <@wrbtrader> It tried hard.
[16:01:16] <@wrbtrader> Take care all and see all tomorrow
[16:03:41] <diesel> so long
[16:04:19] * MattR__ is now known as MattR_
[16:04:46] <MattR_> g'night
[17:35:57] <YMerDx> 1675 SPX fresh All Time High
Session Close: Thu Jul 11 20:05:49 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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