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 Post subject: July 16th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Jul 16, 2013 9:09 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
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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:
071613-Key-Price-Action-Markets.png
071613-Key-Price-Action-Markets.png [ 540.25 KiB | Viewed 224 times ]

click on the above image to view today's price action of key markets

Note: Trader conversations below may represent different chat logs that have been merged together at the end of the trading day. For example, some traders post their real-time trades in the private ##VolatilityTradingTSL chat room. These trades are then only merged into the public ##TheStrategyLab chat room at the end of the trading day.

Session Start: Tue Jul 16 08:32:53 2013
Session Ident: ##TheStrategyLab
[08:32:53] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:32:53] * Now talking in ##TheStrategyLab
[08:32:53] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:32:53] * 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'
[08:52:04] <MattR_> g'morning
[09:02:38] <diesel_> WRB on GC @ 8:30 largest I have seen in my life
[09:05:43] <canaandog> there have been much bigger, even earlier this year
[09:06:10] <diesel_> wow
[09:18:42] <tinkug112_> GM everyone
[09:18:48] <tinkug112> GM everyone
[09:19:33] <diesel_> hey
[09:19:59] <tinkug112> hi Diesel
[09:25:28] <Trendtrader> gm all
[09:25:34] <Trendtrader> gm all
[09:30:44] <Trendtrader> Shorts Emini TF @ 1041.7
[09:30:45] <Trendtrader> x1
[09:31:53] <@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.
[09:33:39] <canaandog> ? I have RUI 4x or 5x yesterday
[09:34:19] <canaandog> RUA, RUT normal
[09:35:16] <canaandog> eminis open with chop
[09:35:59] <tinkug112> crude has some direction
[09:37:08] <Trendtrader> Covered all Emini TF Short @ 1040.5 --> + 1.2
[09:37:13] <squiggles> 1000 hrs NAHB Housing Market Index KME
[09:37:19] <@wrbtrader> Shorts Emini TF @ 1676.50 -> large size
[09:37:47] <@wrbtrader> correction...Emini ES futures
[09:38:02] <diesel_> excellent TT
[09:38:22] <@wrbtrader> Shorts Emini ES @ 1676.50 -> large size
[09:40:23] <@wrbtrader> Covered all Emini ES Short @ 1676.25 --> + 0.25
[09:40:41] <@wrbtrader> trade error
[09:40:56] <MattR_> Contracting Volatility in Gold GC Futures.
[09:42:29] <diesel_> strong up trend as well
[09:43:39] <@wrbtrader> trade was 10 contracts
[09:45:42] <@wrbtrader> Shorts Emini ES @ 1675.00 -> large size
[09:46:41] <@wrbtrader> 25 contracts
[09:46:43] <tinkug112_> which time frame ?
[09:47:48] <@wrbtrader> 15 minute
[09:49:16] <@wrbtrader> Big WRB Hidden GAP forming on the 15 minute chart
[09:49:22] <@wrbtrader> for the Emini futures
[09:49:57] <diesel_> at 9:30?
[09:51:38] <@wrbtrader> Yep
[10:00:14] <@wrbtrader> support just showed up
[10:01:18] <@wrbtrader> Covered all Emini ES Short @ 1675.75 --> - 0.75
[10:11:58] <tinkug112_> [10:07] <@wrbtrader> I saw support show up on the 2min --> what you saw here, wrbzone ?
[10:12:37] <@wrbtrader> YOu're talking now in hindsight.
[10:12:58] <@wrbtrader> Thus, at the time I saw was a long lower shadow interval
[10:13:11] <@wrbtrader> no other price action had developed yet afterwards.
[10:13:21] <@wrbtrader> In contrast, now that price action has moved higher...
[10:13:28] <tinkug112_> ok clear,
[10:13:32] <@wrbtrader> You now see a WRB Zone in hindsight
[10:13:45] <@wrbtrader> Simply, there was no WRB Zone at the time support showed up
[10:13:51] <@wrbtrader> There is now
[10:14:26] <diesel_> ES/TF/YM/NQ range bound
[10:15:00] <@wrbtrader> Gold GC futures and Oil CL futures volatility contraction the past 20 minutes
[10:17:44] <@wrbtrader> Shorts Emini TF @ 1041.60 -> large size
[10:17:47] <@wrbtrader> Short Emini ES futures @ 1676.75 large size
[10:18:14] <@wrbtrader> 6 contracts Emini TF futures and 25 contracts Emini ES futures
[10:20:23] <@wrbtrader> now Crude CL futures moves...
[10:20:49] <@wrbtrader> Had been watching it closely the past 30 minutes and then I gave up on it...
[10:20:57] <@wrbtrader> that's when is spiked downwards :(
[10:23:44] <@wrbtrader> Covered all Emini TF Short @ 1040.60 --> + 1
[10:23:52] <@wrbtrader> Cover all Emini ES futures @ 1675.75 +1.00
[10:24:00] <@wrbtrader> WRB pt1 reached
[10:24:21] <@wrbtrader> held a little longer to see if volatility would show up...it didn't.
[10:30:48] <@wrbtrader> Gold GC futures trying to rise upwards the range of prior long upper shadows
[10:32:34] <@wrbtrader> Long Gold GC @ 1292.90 -> small size
[10:32:46] <@wrbtrader> 3 contracts
[10:33:32] <@wrbtrader> Gold GC futures volatility spike
[10:36:14] <@wrbtrader> Exited all Gold GC Long @ 1293.80 --> + 0.9
[10:36:18] <@wrbtrader> WRB pt1 reached
[10:36:52] <@wrbtrader> meant WRB Hidden GAP pt1 (shallow) reached
[10:49:41] <diesel_> WRB - any reason in your experience for last 7 days on near nothing?
[10:50:05] <diesel_> July in general?
[10:50:14] <diesel_> July at its worst?
[10:50:20] <@wrbtrader> near nothing ?
[10:50:41] <diesel_> no real moves in most mkts
[10:50:48] <@wrbtrader> So far...seems like normal summer trading session.
[10:50:53] <diesel_> OK
[10:51:09] <@wrbtrader> Simply, I don't see anything NOT normal so far.
[10:51:32] <@wrbtrader> This is one of those things that most traders REFUSE to adapt.
[10:52:01] <@wrbtrader> They think the summer session should be the same as all other price actions during the year.
[10:52:01] <diesel_> however, #/d way down for 4 rooms I am in for last 7 days
[10:52:22] <@wrbtrader> Most big profitable traders I know...
[10:52:27] <@wrbtrader> They do not trade in the summer
[10:52:33] <diesel_> hmmmm
[10:52:34] <@wrbtrader> They take a long vacation :)
[10:53:20] <@wrbtrader> usually 4 - 8 weeks vacation in reference to retail traders
[10:54:00] <@wrbtrader> I usually lower my expectations in the summer by 50%
[10:54:54] <@wrbtrader> Hopefully we get ONE big volatility trading day in the summer to make it worthwhile trading during the summer.
[10:57:06] <@wrbtrader> Treasurys in ‘holding pattern’ before Bernanke (MarketWatch) @ http://www.marketwatch.com/story/treasu ... atest_news
[11:03:00] <@wrbtrader> German Bunds Rise on Decline in Confidence; Spain Auctions Bills (Bloomberg) @ http://www.bloomberg.com/news/2013-07-1 ... eport.html
[11:13:09] <@wrbtrader> Shorts Emini ES @ 1671.50 -> large size
[11:13:48] <@wrbtrader> Emini futures increasing volatility below the recent contracting volatility
[11:14:12] <@wrbtrader> 25 contracts
[11:15:26] <@wrbtrader> Covered all Emini ES Short @ 1671.25 --> + 0.25
[11:15:55] <@wrbtrader> poor entry gave me no wiggle room to keep that trade if any slow price action showed up
[11:18:39] <@wrbtrader> I'm now expecting a volatility spike because of the now INCREASING contraction
[11:18:44] <@wrbtrader> in the Emini futures
[11:24:00] <@wrbtrader> Shorts Emini ES @ 1671.50 -> large size
[11:24:20] <@wrbtrader> 10+5 contracts
[11:24:43] <@wrbtrader> WRB pt1 (shallow) reached
[11:26:11] <@wrbtrader> Emini TF futures trying hard to develop long lower shadows on the 3min and 2min charts
[11:26:45] <@wrbtrader> Covered all Emini ES Short @ 1671.25 --> + 0.25
[11:27:05] <@wrbtrader> Support showing up in the Emini futures
[11:29:00] <@wrbtrader> Emini TF futures still unable to get above the S area of the WRB Hidden GAP of 1112am - 1114am est interval
[11:32:59] <@wrbtrader> Shorts Emini ES @ 1670.75 -> large size
[11:33:21] <@wrbtrader> 10+15 contracts
[11:38:49] <@wrbtrader> Covered all Emini ES Short @ 1670.25 --> + 0.5
[11:38:59] <@wrbtrader> WRB pt1 reached :(
[11:39:19] <@wrbtrader> had a trade problem @ 1670.00 (no fill)
[11:39:35] <@wrbtrader> rarely do I get "no fills" in Emini TF futures
[11:40:02] <t4npaper> no fills as in a prior placed PT?
[11:40:35] <@wrbtrader> Yell...I had a order in and didn't get filled even though it reached 1669.75
[11:41:01] <@wrbtrader> In hindsight...should'uv just market out
[11:41:53] <@wrbtrader> Nice steady downward price movement on "very little" volatility increases
[11:42:27] <@wrbtrader> EuroFX 6E futures still in a Creeper Up Movement
[11:42:44] <@wrbtrader> Light Crude Oil CL futures low volatility range bound
[11:42:50] <t4npaper> not seeing much for entries
[11:42:57] <t4npaper> may take a break
[11:49:07] <t4npaper> still dropping
[12:29:45] <@wrbtrader> Long Emini TF @ 1038.40 -> small size
[12:30:15] <@wrbtrader> 1 contract
[12:32:01] <coolmoss________> Long NQ @ 3070.50 1 contract, DCM signal
[12:32:52] <coolmoss________> DCM from 3 minute chart
[12:38:32] <coolmoss________> stopped out at 3068.75 on DCM signal trade
[12:41:20] <@wrbtrader> Exited Emini TF Long @ 1037.40 --> - 1
[13:01:41] <t4npaper> long gc 1290.4
[13:03:51] <t4npaper> cl dropping with vol
[13:07:14] <t4npaper> short cl 105.86
[13:09:06] <t4npaper> exit cl 105.82 +.4
[13:10:58] <t4npaper> exit gc 1289.5 -.9
[13:13:08] <t4npaper> long gc 1290.1
[13:17:52] <t4npaper> eminis really dropping
[13:24:22] <t4npaper> gc testing support 1225
[13:27:58] <t4npaper> shallow pt reached
[13:28:10] <t4npaper> looking for more at 1330 here
[13:28:57] <t4npaper> stop hit 1290.4 +.3
[13:52:24] <canaandog> CL wrb hg 1020-22 has rejected multiple fill attempts
[14:10:46] <diesel_> WRB: I know you use many time frames but is it the 2min frame that you use for entry?
[14:14:13] <JetJockBoston> Short 3 ES @ 1672.00
[14:17:59] <JetJockBoston> Added 3 more at 1671.75
[14:18:08] <JetJockBoston> total of 6
[14:22:57] <JetJockBoston> added 4 more at 1671.50
[14:23:02] <JetJockBoston> 10 total...
[14:26:56] <JetJockBoston> like to see 1669 area
[14:29:31] <JetJockBoston> keeping tight stop in this mkt
[14:32:13] <diesel_> serious!
[14:36:25] <JetJockBoston> taking 4 off here at 1670.25
[14:36:34] <JetJockBoston> better than nothing...lol
[14:36:55] <JetJockBoston> still 'waiting' for 1669 area
[14:37:03] <JetJockBoston> stop at 71 now
[14:39:46] <JetJockBoston> took 2 more at 1670.50 - leave the last 4 on till stop
[14:41:19] <canaandog> cl nice drop after close
[14:47:24] <JetJockBoston> ok, out of that trade at 71.00...not bad, 11 pts, and a lot of work
[15:05:53] <JetJockBoston> here's my 69 area...a little late
[15:12:58] <@wrbtrader> Shorts Emini TF @ 1035.60 -> small size
[15:13:12] <@wrbtrader> 2+1 contracts
[15:16:24] <@wrbtrader> Short Emini ES futures @ 1668.75 large size
[15:16:37] <@wrbtrader> 15 contracts
[15:22:58] <@wrbtrader> Cover all Emini ES futures @ 1668.75 +0.00
[15:23:17] <@wrbtrader> Covered all Emini TF Short @ 1035.50 --> + 0.1
[15:40:03] <t4npaper> short tf 1035.8
[15:41:06] <@wrbtrader> Shorts Emini ES @ 1670.25 -> large size
[15:41:20] <@wrbtrader> 15 contracts
[15:43:20] <@wrbtrader> Volatility increasing in Forex EurUsd currency and EuroFX 6E futures
[15:43:42] <TigermanTrader> gm all
[15:46:04] <t4npaper> exit 1036.5 -.7
[15:46:16] <JetJockBoston> Short 3 ES @ 1670.75
[15:47:31] <@wrbtrader> Covered all Emini ES Short @ 1679.75 --> - 9.5
[15:48:01] <@wrbtrader> Covered all Emini ES Short @ 1670.75 --> - 0.5
[15:48:50] <JetJockBoston> Covered ES @ 1671.00 - .25
[15:50:43] <TigermanTrader> short es 1670.75
[15:52:18] <@wrbtrader> Long Emini TF futures @ 1036.90 large size
[15:52:26] <@wrbtrader> 6 contracts
[15:52:40] <t4npaper> only way i could have been possitive today was to exit all trades early
[15:52:53] <t4npaper> no pts
[15:53:25] <@wrbtrader> Long Emini ES @ 1671.25 -> large size
[15:53:41] <@wrbtrader> 25 contracts
[15:56:42] <@wrbtrader> Exit Emini TF futures @ 1036.40 -0.50
[15:58:44] <@wrbtrader> Long Emini TF futures @ 1036.20 large size
[15:58:52] <TigermanTrader> 1 minute left in regular session
[15:58:54] <@wrbtrader> 10 contracts
[15:59:33] <TigermanTrader> exit es @ 1670.75 breakeven :(
[16:00:42] <TigermanTrader> long es 1671.25
[16:01:39] <@wrbtrader> Exit all Emini TF futures @ 1038.00 +1.80
[16:01:53] <@wrbtrader> Exited all Emini ES Long @ 1672.25 --> + 1
[16:02:20] <@wrbtrader> Take care all and see all tomorrow
[16:04:27] <TigermanTrader> exit es @ 1672 +0.75 pt
[16:04:43] <TigermanTrader> no fill at 1672.25
[16:05:25] <TigermanTrader> too late exit
[16:05:45] <TigermanTrader> need to exit before the sell off
[16:09:27] <TigermanTrader> take care see next time
Session Close: Tue Jul 16 17:58:51 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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