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 Post subject: August 15th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Aug 15, 2013 3:44 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:
081513-Key-Price-Action-Markets.png
081513-Key-Price-Action-Markets.png [ 524.49 KiB | Viewed 274 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: Thu Aug 15 07:31:37 2013
Session Ident: ##TheStrategyLab
Session Ident: ##VolatilityTradingTSL
[07:31:37] * Now talking in ##TheStrategyLab
[07:31:37] * Now talking in ##VolatilityTradingTSL
[07:31:37] * Set by wrbtrader on Tue Feb 05 08:11:19
[07:31:37] * 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'
[07:31:38] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:32:29] <wrbtrader> Shorts Emini ES @ 1671.00 -> large size 20 contracts
[08:33:50] <wrbtrader> I think the market is over-reacting to the key market event based upon what had already happen with the 0730am est breaking news involving Wal-Mart disappointment
[08:35:10] <wrbtrader> Covered Emini ES Short @ 1667.75 --> + 3.25
[08:35:20] <wrbtrader> that was 1/2
[08:35:27] <wrbtrader> still holding 10 contracts
[08:36:39] <wrbtrader> Key markets like Euro, U.S. Dollar, Crude Oil, Gold and Emini futures are insync with the volatility movements in the current down trend.
[08:36:59] <wrbtrader> Best time to trade so far since the Wal-Mart news event...
[08:37:23] <wrbtrader> volatility surges together in many different markets regardless to the price direction.
[08:37:58] <wrbtrader> lots of Down WRB Hidden GAPs that still have not been retraced
[08:38:07] <wrbtrader> That's a ton of downside pressure
[08:39:07] <wrbtrader> Wal-Mart cuts year view as sales slow in 2Q (MarketWatch) @ http://www.marketwatch.com/story/wal-ma ... beforebell
[08:44:16] <wrbtrader> So far this morning the key market events or news has been controlling the price action...
[08:44:30] <wrbtrader> 0600am, 0730am and 0830am est
[08:44:55] <wrbtrader> all were followed by "first" WRB Hidden GAPs as described in basic tutorial chapter 2
[08:45:53] <wrbtrader> Shorts Gold GC futures @ 1223.50 -> medium size 4 contracts
[08:47:05] <wrbtrader> yesterday Gold GC gave me a hard time
[08:48:11] <wrbtrader> Covered all Gold GC Short @ 1325.00 --> - 1.5
[08:51:27] <wrbtrader> Shorts Gold GC @ 1323.90 -> medium size
[08:51:38] <wrbtrader> 2+2 contracts
[08:51:49] <wrbtrader> re-entry
[08:51:54] <canaandog> good morning
[09:06:20] <wrbtrader> Covered all Gold GC Short @ 1322.00 --> + 1.9
[09:07:34] <wrbtrader> volatility declining in Gold GC futures and Emini futures
[09:07:50] <wrbtrader> Volatility increasing in Light Crude Oil CL futures
[09:08:10] <wrbtrader> Simply, key markets no longer insync with their volatility movements
[09:09:06] <@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.
[09:11:25] <@wrbtrader> Exit remainder Emini ES futures @ 1668.50 +2.50
[09:27:19] <Trendtrader> gm all
[09:27:24] <Trendtrader> gm all
[09:30:15] <Trendtrader> Shorts Emini ES @ 1668.25
[09:30:16] <Trendtrader> x1
[09:35:33] <YMerUb> Bullard:taper:talks 1120,1515ET
[09:36:54] <Trendtrader> Covered all Emini ES Short @ 1667.75 --> + 0.5
[09:40:54] <@wrbtrader> Key Market Events today @ 1000am, 1030am este
[09:41:28] <@wrbtrader> Recap...there were key market events at 0600am, 0730am and 0830am est that's causing the downtrend in the Emini futures and other key markets
[09:44:16] <@wrbtrader> Emini ES futures WRB Hidden GAP @ 0930am - 0932am on the 2min chart
[09:44:35] <@wrbtrader> price action currently trying to retrace back up to the S area of that WRB Hidden GAP
[09:46:24] <@wrbtrader> Shorts Emini ES @ 1666.25 -> large size
[09:46:32] <@wrbtrader> 15 contracts
[09:48:24] <@wrbtrader> Gold GC futures retesting the S area of the big Down WRB Hidden GAP of 0830am - 0835am est (5min chart)
[09:49:51] <@wrbtrader> I'm trying to hold this trade into the price reaction for the 1000am est key market event or a WRB pt1...whichever comes first
[09:50:02] <@wrbtrader> volatility spike...WRB pt1 reached
[09:51:04] <@wrbtrader> Covered 2/3 Emini ES Short @ 1662.50 --> + 3.75
[09:54:12] <canaandog> short gc 1325.3
[09:55:06] <canaandog> wrb pt1 shallow
[09:55:40] <canaandog> snapback - flat 1325.2
[09:57:47] <canaandog> kme 2m
[10:00:54] <squiggles> 6J volatility 2m chart
[10:03:49] <@wrbtrader> volatility spike in Euro, Forex EurUsd and EuroFX 6E futures
[10:04:16] <@wrbtrader> Crude Oil CL futures not reacting with increasing volatility like other key markets right now
[10:16:47] <@wrbtrader> WRB pt2 reached and WRB Hidden GAP pt2 reached
[10:17:05] <@wrbtrader> Covered Emini ES Short @ 1657.75 --> + 8.5
[10:17:17] <@wrbtrader> Holding 2 contract remainders
[10:28:16] <squiggles> TF retraced back up through 1005 to 1010 WRB HG
[10:33:02] <squiggles> TF back down through R area of that bar
[10:36:30] <@wrbtrader> Forex EurUsd testing the S area of the Down WRB Hidden GAP of 0830am - 0845am est
[10:37:12] <@wrbtrader> That's the same "first" WRB Hidden GAP at/after a key market event as described in basic tutorial chapter 2
[11:09:34] <@wrbtrader> Reminder - I now have the moderator script active in here and working properly now.
[11:10:42] <@wrbtrader> My trades are now only seen by active members of the chat room, forum or the fee-base chat room members.
[11:11:12] <@wrbtrader> Simply, if you're not one of the mentioned and you're sitting in here NOT PARTICIPATING about anyting involving WRB Analysis...
[11:11:32] <@wrbtrader> You will not be able to see my trades but you will be able to see the trades posted by others.
[11:13:24] <@wrbtrader> All trades are then merged back into the logs ONLY at the end of the day when I post them at the forum archives @ http://www.thestrategylab.com/ftchat/forum/ (as stated in the logs)
[11:14:43] <@wrbtrader> In contrast, my WRB Analysis commentary will be posted in here.
[11:14:54] <@wrbtrader> as usual
[11:15:46] <@wrbtrader> Dow down 200 as Cisco and Wal-Mart disappoint (CNNMoney) @ http://money.cnn.com/2013/08/15/investi ... ?iid=HP_LN
[11:16:34] <@wrbtrader> High speed trading puts investors on losing end (CNNMoney) @ http://money.cnn.com/2013/08/15/investi ... ?iid=s_mpm
[11:17:27] <@wrbtrader> Europe has a big problem with "Dark Pools"...same with U.S.
[11:26:44] <canaandog> long es 1662.25
[11:27:15] <canaandog> trail @be
[11:27:51] <canaandog> hoping for slow dribble upwards
[11:36:30] <t4npaper> gold struggling upwards
[11:40:28] <MattR_> Gold GC Futures stuck inside WRB HG from 8:30-8:33.
[12:00:36] <canaandog> flat es 1663
[12:32:30] <@wrbtrader> Covered Remainder Emini ES Short @ 1665.00 --> + 1.25
[12:32:57] <@wrbtrader> was hoping I could hold that all day into the regular session close
[12:48:25] <t4npaper> gold still heading up
[13:08:56] <@wrbtrader> Just got back...darn Emini ES rolled over back southward after it took my trail stop :(
[13:14:22] <canaandog> gc major run since 1130
[13:14:44] <canaandog> 6e spike now
[13:26:06] <@wrbtrader> Shorts Emini TF @ 1028.10 -> small size
[13:26:45] <@wrbtrader> 3 contracts
[13:27:54] <@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
[13:28:57] <@wrbtrader> Gold GC futures has a WRB Zone on the 5min chart @ 1245pm - 1250pm est
[13:30:04] <@wrbtrader> WRB pt1 (shallow) reached
[13:30:45] <@wrbtrader> Covered all Emini TF Short @ 1028.00 --> + 0.1
[13:45:28] <@wrbtrader> Shorts Emini ES @ 1660.50 -> small size
[13:45:41] <@wrbtrader> 10 contracts
[13:54:16] <@wrbtrader> Covered all Emini ES Short @ 1659.75 --> + 0.75
[13:54:32] <@wrbtrader> WRB pt1 (shallow) reached
[13:54:45] <@wrbtrader> Early exit because my target was a WRB pt2
[13:55:18] <@wrbtrader> be back later...I need to take care of some personal stuff
[14:09:52] <t4npaper> tf making new day lows
[14:11:45] <t4npaper> wow down it goes
[14:41:56] <t4npaper> tf retraced the drop
[14:58:45] <@wrbtrader> just got back
[15:09:34] <@wrbtrader> The 1500pm - 1530pm est is one of the toughest trading periods of the trading day for the Emini futures...
[15:09:56] <@wrbtrader> Mainly because of the inactivity (low activity) of Crude Oil CL futures and Gold GC futures
[15:10:14] <@wrbtrader> very little WRB Hidden GAPs in Crude and Gold
[15:12:25] <@wrbtrader> Shorts Emini TF @ 1026.30 -> medium size
[15:12:37] <@wrbtrader> 4 tick chaser
[15:12:50] <@wrbtrader> volatility increasing
[15:14:06] <@wrbtrader> WRB pt1 (shallow) reached
[15:18:47] <@wrbtrader> Covered 3/4 Emini TF Short @ 1025.20 --> + 1.1
[15:32:12] <ryangary> Hello, I am using mIRC...my trial ends soon but as you mentioned hopefully it lets me continue the free use....either way do you know if there is an option on here to be able to see a timestamp for people talking like the free room has? thanks
[15:32:23] <ryangary> for reference
[15:32:33] <@wrbtrader> The other option is to use Trillian
[15:32:53] <@wrbtrader> The software, download and setup instructions are at the VTR forum
[15:33:06] <@wrbtrader> Trillian is always free
[15:35:36] <ryangary> I tried that and had issues but will try again if this cancels
[15:35:53] <ryangary> didnt you mention mIRC was letting free continued use?
[15:35:55] <ryangary> in the forum
[15:36:00] <ryangary> or am I wrong
[15:36:29] <@wrbtrader> Yeah but I don't know if they continue doing that...they did a few years ago
[15:36:40] <@wrbtrader> You'll find out soon :)
[15:37:55] <ryangary> check...does trillian time stamp
[15:39:03] <canaandog> yes
[15:40:17] <ryangary> k thanks
[15:41:02] <@wrbtrader> WRB pt2 reached
[15:47:02] <@wrbtrader> Covered Emini TF Short @ 1025.70 --> + 0.6
[15:47:02] <@wrbtrader> Reverse and Enter Long Emini TF @ 1025.70
[15:47:16] <@wrbtrader> 1 contract
[15:52:32] <@wrbtrader> 4pm est rush hour traffic approaching
[15:59:18] <@wrbtrader> Exited Emini TF Long @ 1027.20 --> + 1.5
[15:59:29] <@wrbtrader> WRB pt2 reached
[16:01:49] <@wrbtrader> Take care all and see all tomorrow
[16:04:45] <r33gmd> alot of activity on eur nzd
[16:13:01] <r33gmd> eur nzd price crossed resistance area of zone
Session Close: Thurs Aug 15 16:42:29 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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