##TheStrategyLab Price Action Chat Room Logs

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)
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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.


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


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: Wed Jul 17 07:21:28 2013
Session Ident: ##TheStrategyLab
[07:21:28] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[07:21:28] * Now talking in ##TheStrategyLab
[07:21:28] * Set by wrbtrader on Tue Feb 05 08:11:19
[07:21:28] * 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'
[07:37:23] <@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.
[08:46:45] <canaandog> good morning
[09:10:45] <JetJockBoston> short 5 ES @ 1677.75
[09:23:35] <JetJockBoston> Covered at 1677.25 +.50
[09:27:48] <Trendtrader> all
[09:27:52] <Trendtrader> all
[09:28:12] <tinkug112_> GM all
[09:28:18] <tinkug112> GM all
[09:29:29] <Trendtrader> 1042.7 high of yesterday (HOYD) a key area for me.
[09:32:19] <diesel_> hideen gap on TF?
[09:32:36] <Trendtrader> Long Emini TF @ 1040.9
[09:32:36] <Trendtrader> x1
[09:34:29] <@wrbtrader> Huge regular session up gap in the Emini Futures from yesterday's close
[09:35:28] <canaandog> mostly due to Bernanke's text
[09:36:08] <JetJockBoston> Short 5 ES @ 1677.25
[09:38:06] <tinkug112> long es 1677
[09:40:30] <JetJockBoston> Covered ES @ 1677.50 - .25
[09:41:21] <diesel_> it seems headed for 1680
[09:41:28] <@wrbtrader> Starting to look like that big upside pre market movement has killed some of the energy in the first 15mins of the regular session
[09:42:19] <squiggles> GC stuck within the range of the 0834 to 0836 WRB HG
[09:42:31] <tinkug112> pt1 reached covered at 1678 +1
[09:44:23] <@wrbtrader> Key market events @ 1000am, 1030am, 1230pm and 1400pm est
[09:46:40] <JetJockBoston> Short 5 ES @ 1677.00
[09:48:11] <Trendtrader> Exited all Emini TF Long @ 1038.9 --> - 2
[09:51:56] <JetJockBoston> Covered 3 @ 1673.75
[09:52:52] <diesel_> nice
[09:53:15] <@wrbtrader> Emini TF futures WRB Hidden GAP @ 0945am - 0948am est
[09:55:14] <diesel_> s TF 1039.1
[09:55:20] <diesel_> 2
[09:55:32] <JetJockBoston> Covered last 2 @ 1674.25
[10:00:56] <diesel_> coverd -2.3
[10:01:32] <diesel_> sorry, -1.3
[10:02:21] <MattR_> Volatility Spike in Gold GC Futures.
[10:03:42] <@wrbtrader> Long Emini TF @ 1041.80 -> large size
[10:03:55] <@wrbtrader> 3+4 contracts
[10:04:28] <@wrbtrader> will be a tough trade due to a miscalculation (error)
[10:05:50] <@wrbtrader> looking for a Houdine Escape
[10:06:04] <JetJockBoston> Short 3 ES @ 1676.25
[10:07:40] <@wrbtrader> Exited Emini TF Long @ 1042.30 --> + 0.5
[10:07:47] <@wrbtrader> Holding 1 contract
[10:08:52] <@wrbtrader> Exited Emini TF Long @ 1042.20 --> + 0.4
[10:09:12] <diesel_> some rooms would call thes last 5-6-7 days as Keltner Days
[10:10:29] <@wrbtrader> I call it "vacation days" for many Wall Street folks
[10:10:47] <JetJockBoston> covered 3 ES @ 1676.25 scratch
[10:10:54] <diesel_> true
[10:11:54] <@wrbtrader> Wall Street advances after Bernanke statement (Reuters) @ http://www.reuters.com/article/2013/07/ ... JG20130717
[10:16:56] <canaandog> long tf 1042.4; flat 1043.7 @wrb pt1 = +13t
[10:17:41] <canaandog> maybe should have hung on, but been burned too many times by retraces this last week
[10:18:06] <@wrbtrader> Long Light Crude CL futures @ 105.90 small size
[10:18:10] <@wrbtrader> 2=1
[10:18:21] <@wrbtrader> meant 2+1
[10:19:51] <@wrbtrader> Long Emini ES @ 1677.75 -> large size
[10:20:04] <@wrbtrader> 10+10
[10:21:12] <@wrbtrader> Exit all Light Crude Oil CL futures @ 106.04 +0.14
[10:24:43] <@wrbtrader> WRB pt1 had been reached on that Crude Oil CL trade...reason for the exit
[10:30:57] <@wrbtrader> Crude Oil CL futures reacting to the 1030am est key market event
[10:31:04] <@wrbtrader> volatility spike
[10:32:51] <@wrbtrader> Exited all Emini ES Long @ 1677.50 --> - 0.25
[10:32:54] <canaandog> cl at s of major wrb hg yesterday
[10:34:14] <@wrbtrader> Long Emini ES @ 1677.75 -> large size
[10:34:32] <@wrbtrader> re-entry 20 contracts
[10:35:05] <@wrbtrader> Crude Oil CL futures starting to settle down with its increasing volatility...
[10:35:16] <@wrbtrader> volatility should start moving into the Emini futures
[10:35:19] <@wrbtrader> ooops...just did
[10:36:18] <@wrbtrader> too bad it didn't do that 2 minutes earlier go prevent my exit of the prior trade
[10:36:25] <@wrbtrader> WRB pt1 reached
[10:36:48] <@wrbtrader> Increasing volatility in key markets now
[10:37:09] <@wrbtrader> Huge movement in the U.S. Dollar and Euro
[10:37:20] <@wrbtrader> meant volatility movement
[10:38:36] <@wrbtrader> Exited all Emini ES Long @ 1679.00 --> + 1.25
[10:38:54] <@wrbtrader> profitable trail stop hit
[10:39:07] <JetJockBoston> Short 5 ES @ 1679.00
[10:39:13] <@wrbtrader> @ R area of the WRB Hidden GAP
[10:41:40] <JetJockBoston> taking 3 off @ 1676.25 if we hit that...
[10:41:46] <canaandog> wow- that hg still stands unfilled
[10:42:27] <canaandog> bernanke must have said something interesting during q&a
[10:43:40] <JetJockBoston> ok, 3 off @ 1676.25 +2.75
[10:47:38] <@wrbtrader> Yeah...when you see "increasing volatility" with big WRB Hidden GAPs...
[10:47:44] <@wrbtrader> Its news related
[10:48:03] <@wrbtrader> when such type of price action occurs in almost all the key markets
[10:49:06] <@wrbtrader> If it wasn't for the FED, ECB, IMF...trading would be extremely boring, low volatility and tight trading ranges
[10:49:19] <JetJockBoston> Sold 3 more at 1675.50
[10:51:07] <JetJockBoston> covered 2 @ 1675 +4 (original short), 3 left
[10:57:03] <JetJockBoston> Covered final 3 @ 1675.75 - .25
[10:57:49] <JetJockBoston> coffee time
[11:03:25] <@wrbtrader> Long Emini TF @ 1043.60 -> large size
[11:03:29] <squiggles> 85/+
[11:04:03] <@wrbtrader> missed entry @ 1043.30 due to an entry error on my side
[11:04:41] <@wrbtrader> Emini TF futures trying very hard to climb upwards the range of a prior long upper shadow
[11:04:53] <@wrbtrader> 3+3
[11:06:46] <@wrbtrader> Of Bernanke testimonies, his semi-annuals are best for S&P 500 (MarketWatch) @ http://blogs.marketwatch.com/thetell/20 ... or-sp-500/
[11:08:24] <@wrbtrader> Long Emini ES futures @ 1677.25 large size
[11:08:30] <@wrbtrader> 15 contracts
[11:17:39] <@wrbtrader> Exit Emini ES futures @ 1678.25 +1.00
[11:17:47] <@wrbtrader> WRB pt1 reached
[11:20:31] <@wrbtrader> squiggles - you having connection problems ??
[11:24:28] <JetJockBoston> Short 3 ES @ 1676.25
[11:25:00] <@wrbtrader> Exited all Emini TF Long @ 1041.70 --> - 1.9
[11:25:03] <@wrbtrader>
[11:25:22] <@wrbtrader> I wanted to hold that trade into the big 1400pm est key market event
[11:32:46] <squiggles> wrbtrader, re your 23:20:45 ...connections good here. Thanks. Just having to rejig my system because one of my monitors went down. Therefore had to log out & then back into mIRC after I swapped over to a spare monitor. All good now. cheers
[11:34:08] <@wrbtrader>
[11:34:25] <JetJockBoston> Coveredd 3 @ 1676.00 +.25
[11:36:08] <squiggles> wrbtrader....PS: my timing is 12 hours out of sync with yours because that is the local time here in Western Australia. I havn't yet figured out how to get mIRC to display in another timezone
[11:37:19] <@wrbtrader> Shorts Emini TF @ 1040.70 -> large size
[11:37:50] <@wrbtrader> There's a IRC script for that but I don't have one.
[11:38:10] <@wrbtrader> I'm sure you can search the IRC script design forums to find one.
[11:38:24] <@wrbtrader> 3+3
[11:38:27] <squiggles> ok thanks. I will have a look
[11:43:36] <@wrbtrader> Covered all Emini TF Short @ 1040.20 --> + 0.5
[11:43:57] <@wrbtrader> profitable trail stop pick pocketed by the snap back upwards
[11:46:37] <@wrbtrader> Emini TF futures has several long upper shadow intervals and WRB Hidden GAP intervals downward since 1120am est
[11:47:18] <@wrbtrader> Shorts Emini TF @ 1039.90 -> large size
[11:47:24] <@wrbtrader> re-entry
[11:47:30] <@wrbtrader> 3+3
[11:48:25] <@wrbtrader> Covered all Emini TF Short @ 1040.50 --> - 0.6
[11:49:43] <@wrbtrader> Yet, still a trading range since the 0830am est key market event
[11:50:12] <@wrbtrader> Emini futures clearly waiting for the 1400pm est key market event
[11:50:30] <@wrbtrader> Shorts Emini TF @ 1040.20 -> large size
[11:50:45] <@wrbtrader> 6 contracts on the re-entry again
[11:51:04] <@wrbtrader> WRB pt1 reached
[11:51:09] <squiggles> GC volatility spike
[11:51:18] <@wrbtrader> hopefully it doesn't do a "snap back" against the Short
[11:52:03] <squiggles> ES, YM also
[11:53:46] <squiggles> Stoxx50 and Dax remain sideways
[11:54:43] <t4npaper> 5m gc had a beautiful creeper into this spike
[12:03:42] <@wrbtrader> Covered all Emini TF Short @ 1039.60 --> + 0.6
[12:04:01] <@wrbtrader> profitable trail stop hit
[12:07:31] <@wrbtrader> A churn the last two trades
[12:08:08] <t4npaper> short gc 1273.6
[12:11:29] <t4npaper> exit 1273.3 +.3
[12:12:18] <@wrbtrader> Long Emini ES @ 1676.75 -> large size
[12:12:29] <@wrbtrader> 20 contracts
[12:17:52] <@wrbtrader> Exited all Emini ES Long @ 1678.00 --> + 1.25
[12:18:11] <@wrbtrader> WRB pt2 (shallow) reached
[12:28:16] <@wrbtrader> Emini futures still range bound since 0830am est
[12:29:12] <@wrbtrader> Forex EurUsd currency low volatility range since 1045am est
[12:51:38] <@wrbtrader> Forex EurUsd big volatility spike to the upside
[12:51:46] <@wrbtrader> Euro all over the place today
[12:52:20] <MattR_> Volatility Spike in Gold GC Futures a few moments ago.
[12:52:48] <MattR_> Gold GC Futures back inside WRB HG (12:45-12:48).
[12:58:32] <@wrbtrader> Emini TF futures stuck inside the range of WRB Hidden GAP 1210pm - 1215pm est (that's the 5min chart)
[13:45:49] <@wrbtrader> Long Emini TF @ 1041.10 -> small size
[13:45:58] <@wrbtrader> 1+2 contracts
[13:48:53] <@wrbtrader> volatility slowly increasing into the key market event Beige Book @ 2pm est
[13:49:26] <@wrbtrader> Looks like the market is just resting prior to the pending 2pm est key market event
[13:53:00] <@wrbtrader> tighten stop loss protection
[13:53:56] <@wrbtrader> volatility just died
[13:54:06] <@wrbtrader> I'm now expecting a big volatility spike
[14:05:00] <canaandog> little reaction to beige book so far
[14:07:26] <@wrbtrader> nothing
[14:13:56] <@wrbtrader> I've seen a few times a delay reaction to the FED Beige book in the past as far as 15 minutes
[14:13:57] <canaandog> CL woke up
[14:18:18] <@wrbtrader> Exited all Emini TF Long @ 1041.30 --> + 0.2
[14:18:27] <@wrbtrader> lost my patience
[14:21:58] <@wrbtrader> switching over to wrbtrader_mobile so that I can complete my trading day outside at the nearby park
[14:23:05] <canaandog> cl pushing hard inside aforementioned wrb hg from yesterday
[14:23:56] <canaandog> filled
[14:36] <wrbtrader_mobile> volatility increasing in Emini TF futures only in comparison to the other Emini futures
[15:04] <t4npaper> TF WRBHG forming
[15:05] <gary07> I have coded wrb and wrbHG's into my Think or Swim platform....if anyone wants the code let me know
[15:08] <Donnin___> cool
[15:08] <gary07> and Ill post it in the forum
[15:08] <t4npaper> cool thanks
[15:27] <wrbtrader_mobile> 0,3 Long Emini TF @ 1040.60 
[15:27] <wrbtrader_mobile> 2 contracts
[15:30] <wrbtrader_mobile> I will keep this trade after the close if the 2 point stop has not been hit.
[15:31] <wrbtrader_mobile> will post later
[16:03] <t4npaper> wimpy close
[16:11] <wrbtrader_mobile> Just got back
[16:12] <wrbtrader_mobile> looks like another NO SHOW for the 4pm est rush hour traffic
[16:13] <wrbtrader_mobile> small volatility spike but that's it
[16:15] <wrbtrader_mobile> 0,2 Exited all Emini TF Long @ 1040.90 --> + 0.3 
[16:17] <wrbtrader_mobile> Emini TF futures stuck inside the range of that WRB Hidden GAP of 1608pm - 1610pm est
[16:17] <wrbtrader_mobile> Take care all and see all tomorrow
Session Close: Wed Jul 17 17:24:07 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:

CME Emini Futures EMD, ES and NQ

ICE Emini TF Futures (formerly CME ER2)

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX 6E and EC

Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen and Usd/Cad

Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

S&P CNX NIFTY Futures

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
@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
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