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 Post subject: July 29th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Jul 30, 2013 7:35 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:
072913-Key-Price-Action-Markets.png
072913-Key-Price-Action-Markets.png [ 541.05 KiB | Viewed 267 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: Mon Jul 29 08:54:24 2013
Session Ident: ##TheStrategyLab
[08:54:24] * Now talking in ##TheStrategyLab
[08:54:24] * 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'
[08:54:24] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:54:25] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:58:22] <canaandog> good morning
[09:14:48] <squiggles> CL retracing off S area of 0820 to 0822 WRB HG
[09:17:58] <MattR_> Crude Oil CL Futures stuck inside range of 8:18-8:21 WRB HG.
[09:22:21] <MattR_> KME at 10:00 (Pending home sales)
[09:48:00] <diesel_> someone peeked at home sales methinks
[09:54:41] <MattR_> or someone wants you to think that.
[09:56:22] <diesel_> NQ/TF took a hump/jump
[09:57:18] <MattR_> Gold GC Futures trying to break out of range to upside.
[09:59:15] <@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.
[10:00:22] <@wrbtrader> Short Light Crude Oil CL futures @ 104.28 small size
[10:00:28] <@wrbtrader> 3 contracts
[10:01:28] <@wrbtrader> Shorts Emini ES @ 1684.25 -> large size
[10:01:45] <@wrbtrader> 10+5 contracts
[10:03:16] <@wrbtrader> Covered all Emini ES Short @ 1682.50 --> + 1.75
[10:03:26] <@wrbtrader> WRB pt1 reached
[10:05:01] <@wrbtrader> Covered all Crude Oil CL futures @ 104.26 +0.02 (profitable trail hit)
[10:15:55] <@wrbtrader> Shorts Emini TF @ 1041.60 -> medium size
[10:16:03] <@wrbtrader> 4 contracts
[10:16:20] <@wrbtrader> late entry into a WRB pt1
[10:16:40] <@wrbtrader> entry should have been @ 1042.00
[10:16:54] <@wrbtrader> WRB pt1 reached
[10:17:09] <@wrbtrader> Covered all Emini TF Short @ 1041.20 --> + 0.4
[10:17:38] <@wrbtrader> no breathing room for the trade due to the late entry
[10:20:09] <canaandog> forex factory site is down
[10:20:48] <@wrbtrader> http://www.forexfactory.com
[10:20:49] <@wrbtrader> Yep
[10:26:32] <Donnin____> just tried
[10:26:36] <Donnin____> seems to work now
[10:26:56] <canaandog> does
[10:26:57] <canaandog> thanks
[10:27:32] <canaandog> for a while was up but limping: the popup links didn't work
[10:27:33] <diesel_> wrb - who do you use for data feed and what platform do you trade on?
[10:27:43] <canaandog> but seems fully functional now
[10:29:49] <@wrbtrader> diesel - that info posted every month in my performance record
[10:30:00] <@wrbtrader> This month the direct link @ http://www.thestrategylab.com/tsl/forum ... 214&t=1883
[10:30:18] <@wrbtrader> Read the message post called "Price Action Trading Daily Routine..."
[10:30:24] <@wrbtrader> Its in there
[10:30:32] <diesel_> txs - on it
[10:31:05] <@wrbtrader> Shorts Emini TF @ 1041.90 -> small size
[10:31:12] <@wrbtrader> 2+1 contracts
[10:37:31] <@wrbtrader> WRB pt1 reached but the goal for this trade is a WRB pt2 or WRB Hidden GAP pt1
[10:42:09] <@wrbtrader> 1041.60 restested
[10:42:14] <@wrbtrader> now trailing @ profit
[10:43:31] <@wrbtrader> U.S. Stocks Decline as Pending Home Sales Slipped in June (Bloomberg) @ http://www.bloomberg.com/news/2013-07-2 ... eport.html
[10:46:11] <@wrbtrader> Yen Rises for a Third Day on Chinese Growth Concern; Rand Slides (Bloomberg) @ http://www.bloomberg.com/news/2013-07-2 ... -fomc.html
[10:47:41] <@wrbtrader> Covered all Emini TF Short @ 1041.50 --> + 0.4
[10:56:56] <canaandog> tf at s of 1006-08
[11:03:21] <canaandog> short tf 1042.1; flat 1042 - didn't like action
[11:04:03] <canaandog> but, should have held
[11:04:38] <@wrbtrader> Shorts Emini TF @ 1041.60 -> small size
[11:05:03] <@wrbtrader> 2+1 contracts
[11:05:06] <@wrbtrader> re-entry
[11:06:22] <canaandog> cl meanwhile has recovered to near its session open
[11:07:25] <@wrbtrader> WRB pt1 reached
[11:07:31] <@wrbtrader> trailing @ profit
[11:07:40] <@wrbtrader> profit target is a WRB pt2
[11:08:04] <@wrbtrader> or WRB Hidden GAP pt1
[11:08:11] <@wrbtrader> via the 3min chart
[11:09:13] <canaandog> :(
[11:09:38] <@wrbtrader> Covered all Emini TF Short @ 1039.70 --> + 1.9
[11:09:42] <@wrbtrader> WRB Hidden GAP pt1 reached
[11:42:13] <YMerDx> EU bank earnings thsi week
[11:43:02] <YMerUb> pullback from highs,widely hoped for
[12:37:43] <@wrbtrader> Shorts Emini TF @ 1038.50 -> small size
[12:37:58] <@wrbtrader> 3 contracts
[12:45:59] <YMerUb> pullback from highs,widely hoped for
[12:49:42] <@wrbtrader> Covered all Emini TF Short @ 1039.90 --> - 1.4
[12:50:21] <@wrbtrader> Long Emini TF @ 1040.40 -> small size
[12:50:34] <@wrbtrader> 1+2 contracts
[12:51:05] <@wrbtrader> increasing volatility back above the R area of the WRB Hidden GAP of 1110am - 1112am est
[13:30:23] <@wrbtrader> Exited all Emini TF Long @ 1039.80 --> - 0.6
[13:35:22] <@wrbtrader> Long Emini TF @ 1040.20 -> medium size
[13:35:35] <@wrbtrader> 2 contracts
[13:39:00] <@wrbtrader> Back the to S area or the most recent Up WRB Hidden GAP
[13:45:14] <@wrbtrader> Exited all Emini TF Long @ 1039.20 --> - 1
[13:53:30] <@wrbtrader> Long Emini TF @ 1039.90 -> medium size
[13:53:36] <@wrbtrader> 4 contracts
[13:56:35] <@wrbtrader> Long Emini TF @ 1040.00 -> Add
[13:56:40] <@wrbtrader> 4 added
[13:59:58] <canaandog> cl vol
[14:00:32] <@wrbtrader> Yep and CL is making me nervous on my Emini TF trade
[14:00:58] <canaandog> not sure cl has been so in sync directionally with eminis lately
[14:00:59] <@wrbtrader> that increasing volatility will temporarily kill Emini futures volatility...
[14:01:10] <@wrbtrader> Yet, it will show up again back in the Eminis.
[14:01:18] <@wrbtrader> Hopefully not against me
[14:02:24] <@wrbtrader> WRB pt1 (shallow) reached
[14:04:48] <@wrbtrader> Exited 1/2 Emini TF Long @ 1041.20 --> + 1.2
[14:05:22] <@wrbtrader> may get lucky and catch a WRB Hidden GAP pt1 instead of a WRB pt1
[14:05:33] <diesel_> excelent
[14:10:43] <@wrbtrader> I need a 1042.90 on the remainders to make these last group of trades worthwhile to prevent them from being just a "churn" (breakeven with broker commissions)
[14:11:27] <@wrbtrader> the prior 3 losing trades were tough but it is the Emini TF mid-day trading session (toughest area of the day for trading)
[14:14:38] <@wrbtrader> Exited Remainder Emini TF Long @ 1042.10 --> + 2.2
[14:16:13] <@wrbtrader> Tough trades and the volatility in Crude Oil CL futures shook things up a little...
[14:16:27] <@wrbtrader> It eventually worked in my favor instead of against me.
[14:17:01] <diesel_> mornings favor TF trades for you by a factor of 4 to 1
[14:17:57] <@wrbtrader> Just think, a very long time ago it was the other way around for me in the mid-day trading session.
[14:18:13] <@wrbtrader> when Russell Emini was known as ER2
[14:18:24] <@wrbtrader> Markets do change :)
[14:19:08] <diesel_> am aver/trade @ 3 contracts is $203; pm aver is $14
[14:19:32] <diesel_> over last 155 trdes
[14:20:14] <diesel_> rush hour is $47
[14:20:26] <@wrbtrader> There was a time the pm average was about $587
[14:20:46] <@wrbtrader> rush hour about $1400
[14:21:01] <@wrbtrader> am about $75
[14:21:49] <@wrbtrader> Anyways, yester-year doesn't pay today's bills :)
[14:23:58] <diesel_> no
[14:24:32] <canaandog> unless you made a truly enormous pile back then :)
[14:25:36] <diesel_> am CL @ $287; pm CL: @ $67
[14:26:09] <diesel_> am GC @ $226, pm GC @ $301
[14:26:16] <@wrbtrader> CL profits are "intentionally" low in the pm
[14:26:25] <diesel_> mornings favor you
[14:26:37] <@wrbtrader> Yeah...that's reason.
[14:26:48] <@wrbtrader> I'm not around a lot in the pm like I am the morning.
[14:26:59] <@wrbtrader> I have LESS distractions in the morning than the pm
[14:27:19] <@wrbtrader> I often leave early or call it quits for the day in th pm.
[14:27:29] <diesel_> maybe but I have seen that only with great traders does time play favorites
[14:27:49] <diesel_> time of the day and day of the week matter a lot
[14:27:56] <@wrbtrader> I often have trades interrupted in the pm. Thus, will do lots of early exits.
[14:28:08] <diesel_> right
[14:28:10] <@wrbtrader> Didn't have the issue when I was single
[14:28:17] <diesel_> nice try
[14:29:32] <@wrbtrader> I really won't be able to go back to trading 8 to 5 for another 4 or 6 years
[14:29:48] <@wrbtrader> Most likely will be when I rent an office space again.
[14:40:22] <diesel_> undestood
[15:17:16] * Donnin_____ is now known as Donnin____
[16:03:54] <@wrbtrader> Not much of a 4pm est rush hour traffic
[16:04:14] <canaandog> no
[16:05:47] <@wrbtrader> Long Emini TF @ 1039.80 -> small size
[16:05:52] <@wrbtrader> 1 contract
[16:15:20] <@wrbtrader> Exited Emini TF Long @ 1040.20 --> + 0.4
[16:15:45] <@wrbtrader> It had a chance but couldn't muster up any more volatility.
[16:15:53] <@wrbtrader> Take care all and see all tomorrow.
[16:15:58] <diesel_> gn
Session Close: Mon Jul 29 21:54:15 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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