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 Post subject: July 24th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Jul 24, 2013 6:50 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
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, 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:
072413-Key-Price-Action-Markets.png
072413-Key-Price-Action-Markets.png [ 538.19 KiB | Viewed 230 times ]

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

Note: Trader conversations below may represent different chat rooms (e.g. ##TheStrategyLab, ##WRB_Analysis, ##VolatilityTradingTSL) that have been merged together at the end of the trading day.

Session Start: Wed Jul 24 08:33:59 2013
Session Ident: ##TheStrategyLab
[08:34:35] * 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'
[08:34:35] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:34:36] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:12:38] <diesel_> gm all
[09:15:54] <squiggles> KME's 1000 hrs New Home Sales and 1030 Crude Oil Inventories
[09:16:09] <canaandog> good morning
[09:20:29] <YMerDx> AAPL:Cramer: analysts too bearish
[09:21:51] <diesel_> therefore a bullish pop will coour?
[09:21:55] <diesel_> occur?
[09:22:16] <YMerUBdx> he thinks so. I guess public is far too long AAPL
[09:22:46] <diesel_> txs
[09:24:07] <canaandog> euro flash data overnight all positive
[09:27:54] <Trendtrader> gm all
[09:29:52] <diesel_> hey TT
[09:32:00] <TigermanTrader> gm all
[09:34:11] <TigermanTrader> short es 1692.5
[09:35:02] <TigermanTrader> exit es at 1692 + 2 ticks
[09:35:31] <TigermanTrader> price can continue lower but not too confident in es
[09:36:02] <diesel_> s 1053.4
[09:36:04] <diesel_> 1
[09:36:53] <TigermanTrader> infact continued .. :)
[09:37:02] <TigermanTrader> always when I exit
[09:43:11] <@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.
[09:44:04] <@wrbtrader> Short Emini TF futures @ 1051.30
[09:44:12] <@wrbtrader> large size via 10 contracts
[09:45:08] <@wrbtrader> Shorts Emini ES @ 1689.25 -> large size
[09:45:17] <@wrbtrader> 15 contracts
[09:47:29] <@wrbtrader> Shorts Emini ES @ 1689.50 -> Add
[09:47:43] <@wrbtrader> 10 added
[09:48:16] <@wrbtrader> :(
[09:48:36] <TigermanTrader> short es 1689.25
[09:48:56] <TigermanTrader> exit es 1689 + 1tick
[09:49:11] <TigermanTrader> trail stop pick up too soon
[09:50:28] <@wrbtrader> Covered all Emini ES Short @ 1688.50 --> + 1.75
[09:50:33] <TigermanTrader> i just collect ticks
[09:50:46] <@wrbtrader> WRB pt1 reached on Emini ES futures and Emini TF futures
[09:51:18] <@wrbtrader> I'm still holding Emini TF futures because I think it has the best chance for a WRB pt2 out of the two trading instruments
[09:51:29] <TigermanTrader> yeah seems I always exit before that first target :(
[09:51:34] <@wrbtrader> trailing @ profit
[09:53:28] <Trendtrader> no trades for me till next month.
[09:54:50] <@wrbtrader> Cover 1/2 Emini TF futures @ 1049.10 +2.20
[09:55:06] <@wrbtrader> WRB pt2 reached
[09:55:30] <@wrbtrader> Understanding ##TheStrategyLab -> - Archive chat logs are stored @ http://www.thestrategylab.com/ftchat/forum/ and you can understand some of the words (e.g. Key Market Event, Contracting Volatility, WRB, WRB Hidden GAP, WRB Zone, WRB pt levels) being used here in the chat room for price action trading via the WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[09:59:56] <@wrbtrader> Cover Emini TF futures @ 1049.00 +2.30
[10:00:03] <@wrbtrader> Holding 2 contract remainders
[10:03:00] <@wrbtrader> WRB pt3 reached
[10:03:22] <TigermanTrader> very good
[10:05:32] <@wrbtrader> Cover Emini TF futures @ 1047.80 +3.50
[10:05:39] <@wrbtrader> Holding 1 contract
[10:06:12] <@wrbtrader> no fill @ 1047.40
[10:06:22] <@wrbtrader> hopefully I get another chance at it
[10:07:23] <@wrbtrader> Cover remainder @ 1047.10 +4.20
[10:07:36] <MattyR> nice
[10:14:26] <diesel_> super
[10:20:05] <TigermanTrader> oil are contracting from long time
[10:20:23] <TigermanTrader> waiting for oil news in minutes
[10:25:22] <TigermanTrader> short es 1685.5
[10:25:34] <canaandog> early cl spike
[10:26:27] <TigermanTrader> correction short es 1683.5
[10:27:02] <canaandog> now snapback
[10:27:09] <canaandog> maybe clearing spec shorts
[10:28:38] <TigermanTrader> exit es 1683 + 2 ticks
[10:29:40] <TigermanTrader> seems oil news is good
[10:29:48] <TigermanTrader> spike up
[10:30:08] <canaandog> only very slightly
[10:30:08] <squiggles> GC at R area1008 to 1010 WRB Hg
[10:30:18] <canaandog> (good)
[10:30:56] <canaandog> but maybe good enough to allow 6e to pull it up a bit
[10:49:37] <TigermanTrader> long cl 196.86
[10:49:50] <TigermanTrader> intuition on momentum
[10:50:05] <TigermanTrader> long 106.86
[10:50:13] <TigermanTrader> not 196
[10:50:41] <TigermanTrader> exit 106.87 +1 tick
[10:50:47] <TigermanTrader> fast retrace
[10:54:35] <@wrbtrader> Emini futures lots of volatility off the intraday lows...trying hard to develop some volatility
[10:55:17] <canaandog> I'm pulling for 'em: long tf 1047.2
[10:57:27] <canaandog> maybe it will spend the next hour or so dribbling upward :)
[10:59:07] <canaandog> or not. flat 1047.6
[11:09:58] <@wrbtrader> Shorts Light Crude Oil CL @ 106.29 -> small size
[11:10:07] <@wrbtrader> 3 contracts
[11:10:37] <@wrbtrader> late entry - too slow to grab 106.37
[11:11:47] <@wrbtrader> Covered all Light Crude Oil CL Short @ 106.30 --> - 0.01
[11:12:03] <@wrbtrader> will try to grab a better entry price
[11:14:26] <@wrbtrader> Shorts Light Crude Oil CL @ 106.29 -> medium size
[11:14:33] <@wrbtrader> 4 contracts
[11:15:48] <@wrbtrader> Shorts Light Crude Oil CL @ 106.32 -> Add
[11:15:57] <@wrbtrader> 3 added
[11:16:39] <TigermanTrader> short cl 106.29
[11:17:44] <@wrbtrader> Covered Light Crude Oil CL Short @ 106.14 --> + 0.33
[11:17:49] <@wrbtrader> Still holding the original 4 contracts
[11:18:36] <@wrbtrader> +0.18 (not +0.33)
[11:19:04] <TigermanTrader> exit cl 106.12 +17 ticks
[11:20:12] <@wrbtrader> choppy
[11:20:18] <@wrbtrader> trailing @ profit
[11:32:46] <@wrbtrader> WRB pt2 reached
[11:35:23] <@wrbtrader> volatility contraction showing up more in Light Crude Oil CL futures
[11:35:53] <@wrbtrader> long lower shadow showed up too on the 3min chart
[11:36:16] <@wrbtrader> Hopefully Crude Oil CL futures will try to travel down the range of that long lower shadow
[11:38:18] <@wrbtrader> more contraction in the volatility
[11:38:25] <@wrbtrader> I'm now expecting a volatility spike here soon
[11:38:31] <@wrbtrader> tightning profitable trail stop
[11:43:11] <MattR_> Volatility Spike in Crude Oil CL Futures.
[11:43:20] <@wrbtrader> WRB pt3 reached
[11:43:35] <@wrbtrader> Covered Remainder Light Crude Oil CL Short @ 105.69 --> + 0.6
[11:44:00] <TigermanTrader> very good wrbtrader
[13:06:46] <TigermanTrader> take all see next time
[13:11:52] <@wrbtrader> Shorts Gold GC @ 1319.50 -> small size
[13:12:05] <@wrbtrader> 2+1 contracts
[13:14:22] <@wrbtrader> typical Gold GC futures chop this time of day :(
[13:14:35] <@wrbtrader> WRB pt1 reached
[13:15:44] <@wrbtrader> Covered all Gold GC Short @ 1318.90 --> + 0.6
[13:58:50] <@wrbtrader> so far its still a TREND DAY (downards) for the Emini futures
[13:59:06] <@wrbtrader> Gold futures and Crude Oil futures
[14:00:05] <@wrbtrader> Unfortunetly it stopped spitting out trade opportunities when the mid-day trading session arrived
[14:19:37] <JetJockBoston> sold 5 ES @ 1680.75
[14:25:19] <JetJockBoston> scratched trade @ 1680.75
[14:25:27] <JetJockBoston> expect to get higher entry short
[14:29:19] <@wrbtrader> Long Light Crude Oil CL @ 105.42 -> small size
[14:29:31] <@wrbtrader> 2 contracts
[14:46:09] <@wrbtrader> Exited all Light Crude Oil CL Long @ 105.32 --> - 0.1
[15:05:01] <canaandog> downspike eminis
[15:28:41] <@wrbtrader> Emini TF futures having problems with the most recent Down WRB Hidden GAP on the 2min chart
[15:31:38] <JetJockBoston> Short 5 ES @ 1680.25
[15:32:10] <@wrbtrader> Shorts Emini TF @ 1041.10 -> small size
[15:32:16] <JetJockBoston> would like to see a run to the lows
[15:32:38] <@wrbtrader> 1+1 contracts
[15:34:19] <@wrbtrader> :(
[15:34:39] <@wrbtrader> Covered all Emini TF Short @ 1041.40 --> - 0.3
[15:36:36] <@wrbtrader> Long Emini TF @ 1041.70 -> small size
[15:36:42] <@wrbtrader> 2 contracts
[15:37:21] <@wrbtrader> I was too slow to react and get Long around 1041.00
[15:37:26] <JetJockBoston> covered 3/5 of ES @ 1679.50
[15:37:42] <JetJockBoston> + .75
[15:38:36] <@wrbtrader> I'm not getting where right now in these Emini TF futures trades
[15:38:45] <@wrbtrader> Lost my patience too
[15:39:24] <@wrbtrader> Eminis just contracting so far back n forth with some chop in a small tight trading range
[15:39:39] <JetJockBoston> Covered last 2 @ 1678.75
[15:40:08] <JetJockBoston> + 1.50
[15:40:31] <JetJockBoston> Long 5 ES @ 1679.25
[15:40:36] <JetJockBoston> reversal
[15:42:21] <JetJockBoston> sold 2 @ 1680.75
[15:42:30] <JetJockBoston> +1.50
[15:43:11] <@wrbtrader> Exited all Emini TF Long @ 1042.80 --> + 1.1
[15:43:19] <@wrbtrader> WRB pt1 reached
[15:43:25] <JetJockBoston> Sold 1 more @ 1680.75
[15:43:38] <JetJockBoston> 2 remainng (ES)
[15:46:27] <JetJockBoston> sold last 2 @ 1680.25 +1.00
[16:38:29] <@wrbtrader> I missed the 4pm rush hour traffic price action because of an early pickup of the kids.
[16:38:37] <@wrbtrader> Take care all and see all tomorrow
Session Close: Wed Jul 24 17:52:16 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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