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 Post subject: August 21st Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Aug 21, 2013 8:19 pm 
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Joined: Tue Dec 16, 2008 1:02 am
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Location: Canada
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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:
082113-Key-Price-Action-Markets.png
082113-Key-Price-Action-Markets.png [ 519.63 KiB | Viewed 223 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 Aug 21 09:27:48 2013
Session Ident: ##TheStrategyLab
[09:27:48] * Now talking in ##TheStrategyLab
[09:27:48] * 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'
[09:27:48] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:27:48] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:22] <TigermanTrader> gm allù
[09:39:33] <@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.
[09:42:08] <@wrbtrader> Long Emini ES @ 1646.75 -> large size
[09:42:30] <@wrbtrader> 10 contracts
[09:42:36] <@wrbtrader> will be a tough trade
[09:43:06] <@wrbtrader> Long Emini ES @ 1646.00 -> Add
[09:43:17] <@wrbtrader> 15 added
[09:44:58] <@wrbtrader> Exited Emini ES Long @ 1648.00 --> + 3.25
[09:45:12] <@wrbtrader> incorrect
[09:45:21] <@wrbtrader> Holding 10 contract remainders
[09:45:43] <@wrbtrader> +2 points on the 15 contracts
[09:46:14] <canaandog> kmes 1000, 1030, fed @1400
[09:53:10] <@wrbtrader> Exited Remainder Emini ES Long @ 1646.25 --> - 0.5
[09:53:31] <@wrbtrader> ugly snap back
[09:55:35] <TigermanTrader> short 1646.75
[09:55:42] <TigermanTrader> ES short
[09:56:15] <TigermanTrader> exit ES @ 1646 +1pt
[10:00:33] <@wrbtrader> Shorts Emini ES @ 1646.00 -> large size
[10:02:24] <@wrbtrader> Covered all Emini ES Short @ 1646.75 --> - 0.75
[10:02:35] <@wrbtrader> 10 contracts
[10:02:45] <@wrbtrader> was trying to catch an add on it
[10:03:00] <@wrbtrader> other futures not insync
[10:04:03] <@wrbtrader> Long Emini ES @ 1648.75 -> large size
[10:04:21] <@wrbtrader> 10 contracts
[10:04:27] <@wrbtrader> :(
[10:04:42] <@wrbtrader> looking for a Houdini Escape out of this one
[10:05:54] <@wrbtrader> killer chop now
[10:08:33] <@wrbtrader> Gold GC futures looks lost
[10:08:44] <@wrbtrader> Crude Oil CL futures trying to get lost too :(
[10:10:05] <@wrbtrader> Exited all Emini ES Long @ 1646.75 --> - 2
[10:14:39] <@wrbtrader> Shorts Emini ES @ 1645.00 -> large size
[10:14:54] <@wrbtrader> Short Emini TF futures @ 1020.70 large size
[10:15:26] <@wrbtrader> Emini TF @ 6 contracts and Emini ES @ 20 contracts
[10:16:28] <TigermanTrader> short ES 1644
[10:16:34] <TigermanTrader> bad entry
[10:16:55] <@wrbtrader> Eminis fighting every reaction points
[10:18:00] <TigermanTrader> exit es 1645.5
[10:18:07] <TigermanTrader> -1.5 pt
[10:21:03] <@wrbtrader> Exit all Emini TF futures @ 1022.70 -2.00
[10:22:25] <@wrbtrader> Covered all Emini ES Short @ 1647.00 --> - 2
[10:22:48] <@wrbtrader> Gold GC and Crude Oil CL futures still getting tighter on declining volatility
[10:23:28] <canaandog> oil report pending
[10:26:41] <@wrbtrader> Shorts Emini ES @ 1646.50 -> large size
[10:26:53] <@wrbtrader> 25 contracts
[10:27:11] <@wrbtrader> re-entry
[10:27:41] <@wrbtrader> volatility just dried up :(
[10:28:00] <@wrbtrader> I"m now expecting a volatility spike...tightning stop/loss
[10:30:30] <@wrbtrader> Emini futures starting to act like yesterdays 4pm est low volatility regular session price action :(
[10:32:22] <canaandog> short cl 104.57; flat 104.37 = +20t
[10:34:08] <@wrbtrader> Short Emini TF futures @ 1020.90 large size 6 contracts
[10:34:10] <canaandog> whole trade over in seconds
[10:34:18] <@wrbtrader> re-entry
[10:34:51] <@wrbtrader> This is the same reaction point price area that gave me tons of problems on the prior trades
[10:37:36] <@wrbtrader> Exit all Emini TF futures @ 1020.80 +0.10 (tight trail pick pocketed)
[10:40:01] <@wrbtrader> Covered all Emini ES Short @ 1646.25 --> + 0.25
[10:41:21] <@wrbtrader> Shorts Emini ES @ 1646.50 -> large size
[10:41:28] <@wrbtrader> re-entry
[10:41:41] <@wrbtrader> 20+10 contracts
[10:41:57] <squiggles> GC breaking upwards
[10:42:23] <@wrbtrader> Yeah...its bringing some volatility back into the markets now
[10:42:53] <@wrbtrader> Crude Oil CL volatility slowwly increasing now
[10:44:16] <@wrbtrader> The 2pm est FED minutes have been hyped for about 5 trading days now...
[10:44:36] <@wrbtrader> strong trend yesterday followed by today's killer chop
[10:44:39] <ryangary_> Gold with a little vol breakout
[10:48:47] <@wrbtrader> Emini futures volatility declining more
[10:50:14] <@wrbtrader> If the volatility goes lower...this chop will result in my biggest losing trading day in months.
[10:51:03] <@wrbtrader> Eminis not like Crude Oil CL futures and Gold GC futures when volatility goes south...
[10:51:31] <@wrbtrader> Those trading instruments can quickly rebound in their volatility while the Eminis just gives up for the trading day.
[10:52:37] <TigermanTrader> yeah today is not a good day x me
[10:52:50] <TigermanTrader> one of the worst conditions to trade
[10:52:55] <@wrbtrader> Crude Oil CL futures has retraced back n forth every WRB Hidden GAP it produced today since 0100am est
[10:53:43] <TigermanTrader> so I prevent to damage my account further
[10:53:48] <@wrbtrader> Gold GC futures has done the same but with a "little" better volatiliy
[10:53:58] <TigermanTrader> I close the trading platform and exit
[10:54:48] <TigermanTrader> simply trading in this condition is a nighmare
[10:55:15] <@wrbtrader> Emini futures volatility declining more :(
[10:55:34] <@wrbtrader> their range getting tighter
[10:55:49] <TigermanTrader> good now I know it is better avoid to trade in this conditions
[10:56:15] <TigermanTrader> we have to see what happen after fed news in afternoon
[10:56:30] <TigermanTrader> now I exit is better for my account
[10:56:42] <@wrbtrader> Yeah, when key markets don't have many WRB Hidden GAPs and when they retrace those few WRB Hidden GAPs back n forth...
[10:56:55] <@wrbtrader> as if the WRB HGs are pivot areas...
[10:57:10] <@wrbtrader> I call these types of price actions "killer chops"
[10:57:31] <@wrbtrader> They test your patience big time
[10:59:19] <TigermanTrader> more then patience they test my account
[10:59:36] <TigermanTrader> simply I m tired to lose money :(
[11:00:19] <@wrbtrader> volatility still declining in the Emini futures
[11:00:32] <@wrbtrader> any lower and it'll be time to go back to bed :(
[11:00:34] <TigermanTrader> to be able to trade and gain money in this mess is only for other world trader
[11:00:57] <TigermanTrader> I need to help family member
[11:01:04] <TigermanTrader> so I exit now
[11:01:06] <@wrbtrader> On trading days like today in the Emini futures...
[11:01:16] <@wrbtrader> Light Crude Oil CL futures usually saves the day.
[11:01:28] <@wrbtrader> Yet, once in awhile...it dries up too like today :(
[11:03:38] <@wrbtrader> Euro slowly increasing in volatility
[11:04:03] <@wrbtrader> maybe it'll shake things up to bring back volatility in the markets
[11:06:45] <@wrbtrader> Short Emini TF futures @ 1021.10 large size 6 contracts
[11:07:04] <@wrbtrader> back inside that reaction point price area again
[11:07:14] <@wrbtrader> Maybe 3rd time at it is the charm
[11:07:20] <@wrbtrader> re-entry
[11:08:54] <@wrbtrader> need a 1019.90 or lower before the mid-day trading session starts to encourage me to continue hammering at Emini TF futures
[11:09:50] <@wrbtrader> If I don't get that...I'll leave TF alone until the FED minutes is released
[11:11:09] <@wrbtrader> Emini TF futures reached WRB pt1 @ 1020.60
[11:11:38] <@wrbtrader> I'm still holding because that WRB target is too small for this trade on the obvious price decline
[11:12:06] <@wrbtrader> volatility in Euro now contracting
[11:12:09] <@wrbtrader> geeesh :(
[11:14:21] <@wrbtrader> Emini TF futures BELOW those prior reaction points but struggling again with its volatility
[11:14:35] <@wrbtrader> meant "reaction lows"
[11:14:56] <@wrbtrader> 0932am, 1014am and 1036am est
[11:15:21] <@wrbtrader> volatility in Forex EURUSD slowing increasing again
[11:16:22] <@wrbtrader> Euro just spiked
[11:16:30] <@wrbtrader> tightning stop loss in Emini futures
[11:20:01] <@wrbtrader> trailing @ profit on everything now
[11:20:19] <@wrbtrader> Eminis shorts survived the increasing Euro volatility
[11:20:30] <@wrbtrader> looking now for WRB pt2 targets
[11:21:33] <@wrbtrader> Cover all Emini TF futures @ 1019.00 +2.1
[11:21:39] <@wrbtrader> WRB pt2 reached
[11:23:11] <@wrbtrader> Euro volatility spike again
[11:23:51] <@wrbtrader> Crude Oil CL futures still lost in the woods...not reacting at all
[11:24:48] <@wrbtrader> feels a little strange for me to not be trading CL futures on a hyped FED minutes day
[11:25:02] <TigermanTrader> take care all see next time
[11:26:19] <@wrbtrader> Emini TF futures in a Creeper Down Movement price action
[11:27:50] <@wrbtrader> Emini ES futures WRB pt2 reached...have an order in @ 1643.00
[11:28:08] <@wrbtrader> thought volatility would spike and take it down to that
[11:28:10] <@wrbtrader> didn't happen
[11:28:30] <@wrbtrader> will market out if it returns to that area
[11:30:40] <@wrbtrader> Covered all Emini ES Short @ 1644.00 --> + 2.5
[11:31:00] <@wrbtrader> :(
[11:31:37] <@wrbtrader> doubt I'll get a re-entry signal
[11:32:01] <@wrbtrader> need for this to retrace back up 1 - 2 points to give it a chance to setup a re-entry
[11:33:43] <@wrbtrader> by the way...WRB pt2 is 1643.75
[11:39:19] <@wrbtrader> Crude Oil CL futures still doing nothing :(
[11:43:55] <@wrbtrader> Geeesh...took a break for a few minutes to come back to see I missed the "increasing volatility" in the Emini Futures...
[11:44:00] <@wrbtrader> what a pain
[11:44:04] <@wrbtrader> geeesh
[11:44:44] <@wrbtrader> looking for a retracement...its trying hard now
[11:45:05] <Theras2000> Eurusd just produced a WRB Hidden Gap on 15min. chart
[11:45:19] <@wrbtrader> Shorts Emini ES @ 1643.50 -> large size
[11:45:38] <@wrbtrader> 15 contracts
[11:48:07] <@wrbtrader> Covered all Emini ES Short @ 1641.25 --> + 2.25
[11:48:15] <@wrbtrader> WRB pt1 reached
[11:49:00] <@wrbtrader> got my second chance at it
[11:49:47] <@wrbtrader> Will concentrate on watching Crude Oil CL futures and Gold GC futures now
[11:50:17] <@wrbtrader> whenever the Eminis shows this type of increasing volatility while Gold and Crude stays in a low volatility tight trading range...
[11:50:35] <@wrbtrader> Gold and Crude will eventually move too
[11:51:08] <@wrbtrader> Long Gold GC @ 1369.40 -> small size
[11:52:10] <@wrbtrader> 2 contracts
[11:54:51] <@wrbtrader> Gold GC futures retesting the S area of the most recent WRB
[11:55:33] <@wrbtrader> meant WRB Hidden GAP of 1130am - 1132am est (2min chart)
[12:00:58] <@wrbtrader> meant R area of prior message
[12:01:42] <@wrbtrader> R area @ 1368.20 and S area @ 1367.30
[12:04:13] <@wrbtrader> not a pretty trading day so far...
[12:04:18] <@wrbtrader> gotta fight for every dollar
[12:06:54] <@wrbtrader> Crude Oil CL futures trying to return from Zombie Land
[12:07:50] <@wrbtrader> its now pushing lower on increasing volatility BELOW its most recent reaction low of 104.43
[12:08:09] <t4npaper> cl dropping
[12:12:47] <@wrbtrader> too bad CL didn't give me a trade signal
[12:13:09] <@wrbtrader> I've been watching it all day and then when it moves nicely...it doesn't give me any trade signals :(
[12:17:07] <Theras2000> Eurusd WRB Hidden Gap 15min. chart (interval 10:15-10:30 est) now filled
[12:27:25] <@wrbtrader> WRB pt2 reached and now retracing
[12:27:38] <@wrbtrader> trailing @ profit
[12:28:52] <@wrbtrader> Exited all Gold GC Long @ 1368.80 --> - 0.6
[12:32:22] <@wrbtrader> prior stop was adjusted tighter...not @ profit
[12:32:39] <@wrbtrader> Had it reached a WRB pt3...I would have trailed it +0.20
[12:32:51] <@wrbtrader> lookin gfor a re-entry
[12:33:09] <@wrbtrader> Long Gold GC @ 1368.80 -> medium size
[12:33:12] <@wrbtrader> 2+2
[12:33:46] <@wrbtrader> increased position size because volatility is slowly increasing (trying to increase)
[12:34:05] <@wrbtrader> whereas the prior trade I enter in "declining volatility" which is why my position size was smaller
[12:36:54] <@wrbtrader> I've been VERY aggressive this morning in my trading but only because I EXPECTED much better volatility conditions.
[12:37:25] <@wrbtrader> volatility so far has been disappointing...
[12:37:39] <@wrbtrader> Wanted to see LESS contraction duration
[12:38:24] <@wrbtrader> Gold GC back to the R area of that earlier mentioned WRB Hidden GAP
[12:46:56] <@wrbtrader> it tried but the snap back is killing the WRB pt1 :(
[12:57:35] <@wrbtrader> I'm now ABOVE my average trade duration for Gold GC futures during the mid-day trading session
[12:57:56] <@wrbtrader> I'm also losing my patience with this trade...a weakness I have.
[12:58:15] <@wrbtrader> statistically when I lose my patience and exit the trade...
[12:58:45] <@wrbtrader> 59% of the time it moves to a WRB pt1 or WRB pt2 without me.
[12:59:12] <MattR_> Is that a precise number, 59%?
[12:59:24] <@wrbtrader> will give it another minute and will dump it so that I can go to lunch without worring about an open position
[13:01:51] <@wrbtrader> WRB pt2 reached...I'm now looking for an exit before it tries those infamous snap backs
[13:03:03] <@wrbtrader> Exited 1/2 Gold GC Long @ 1370.50 --> + 1.7
[13:03:28] <@wrbtrader> Exited Remainder Gold GC Long @ 1370.30 --> + 1.5
[13:04:12] <@wrbtrader> Got lucky with my patience because I almost dumped that trade a few minutes ago for a +0.30 profit
[13:04:31] <@wrbtrader> be back later before the FED minutes
[13:06:24] <@wrbtrader> I'll be mobile for the chat room only via wrbtrader_mobile but no trading
[13:15:30] <t4npaper> eminis moving now
[13:44:47] <@wrbtrader> I'm back
[13:45:34] <@wrbtrader> Long Emini ES @ 1646.25 -> large size
[13:45:43] <@wrbtrader> 2 tick chaser
[13:46:02] <@wrbtrader> increasing volatility and may get away with the chasing
[13:46:28] <@wrbtrader> 15 contracts
[13:47:38] <@wrbtrader> come on Crude Oil CL futures...
[13:47:54] <@wrbtrader> It needs to do something in case hell breaks loose in the Eminis
[13:48:38] <@wrbtrader> If Crude does nothing...hopefully Euro or Gold GC will shake up the volatility
[13:50:48] <@wrbtrader> Long Light Crude Oil CL futures @ 104.05 small size
[13:50:55] <@wrbtrader> 2+1 contracts
[13:51:27] <@wrbtrader> position size error...wanted to go 6 contracts...not 3 contracts
[13:52:29] <TigermanTrader> gm all again
[13:52:34] <TigermanTrader> here x fed
[13:54:00] <@wrbtrader> Crude Oil CL futures losing some steam
[13:54:25] <@wrbtrader> already at a WRB pt1 (shallow) = WRB pt reached but its a small one :(
[13:55:20] <@wrbtrader> Exit all Light Crude Oil CL futures @ 104.06 +0.01
[13:56:08] <@wrbtrader> S area of the Down WRB Hidden GAP @ 104.14 via the 5min chart
[13:56:23] <@wrbtrader> That's where Crude hit the wall at
[14:00:21] <@wrbtrader> Exited all Emini ES Long @ 1644.00 --> - 2.25
[14:00:52] <@wrbtrader> Long Emini ES @ 1643.50 -> large size
[14:01:11] <@wrbtrader> 20 contracts
[14:01:19] <@wrbtrader> re-entry
[14:01:52] <@wrbtrader> Exited all Emini ES Long @ 1642.00 --> - 1.5
[14:02:55] <@wrbtrader> Shorts Emini ES @ 1641.50 -> large size
[14:03:18] <@wrbtrader> reaction point being tested
[14:06:28] <@wrbtrader> missed entries on Emini TF futures
[14:06:41] <@wrbtrader> and Crude Oil CL futures
[14:06:57] <@wrbtrader> no signals on Gold GC futures (so far)
[14:08:25] <@wrbtrader> Covered all Emini ES Short @ 1637.75 --> + 3.75
[14:08:31] <TigermanTrader> I ve done some trade on ES
[14:08:39] <TigermanTrader> too fast to post
[14:08:52] <@wrbtrader> no fill @ 1636.50
[14:08:56] <TigermanTrader> simply I was glued on the screen all the time :)
[14:09:07] <@wrbtrader> that was the price I needed to make these 3 trades worth the effort :(
[14:09:33] <TigermanTrader> my initial short was at 1640.75
[14:09:45] <@wrbtrader> 20 contract trades except for the initial trade @ 15 contract
[14:10:01] <TigermanTrader> cover my remainder at 1637.25
[14:10:14] <TigermanTrader> thats cover my morning loss
[14:10:21] <TigermanTrader> a part of it
[14:10:45] <TigermanTrader> simply we have to trade where the action is
[14:11:22] <@wrbtrader> Long Light Crude Oil CL @ 103.95 -> medium size
[14:11:29] <@wrbtrader> 3+1
[14:14:03] <@wrbtrader> Most key markets are trying hard to get back to the price area of the pre Minutes announcement
[14:16:54] <@wrbtrader> Exited all Light Crude Oil CL Long @ 104.97 --> + 1.02
[14:17:03] <@wrbtrader> correction
[14:17:14] <@wrbtrader> Exited all Light Crude Oil CL Long @ 103.97 --> + 0.02
[14:17:34] <@wrbtrader> another trade that didn't make its potential (not worth the effort)
[14:17:54] <@wrbtrader> need 104.15 to make it worth the effort for me
[14:22:15] <@wrbtrader> I'm usually not this aggressive in my trading except on unusual hyped events like this FED Minutes was for the past week
[14:23:17] <@wrbtrader> Shorts Emini ES @ 1640.75 -> large size
[14:23:45] <@wrbtrader> 5+10 contracts
[14:25:32] <@wrbtrader> Covered all Emini ES Short @ 1642.75 --> - 2
[14:26:19] <@wrbtrader> that was a tough loss because of the potential this late in the day the volatility won't be there again :(
[14:26:41] <@wrbtrader> A lot different than getting hit in the morning with -2 because I know volatility will eventually show up again
[14:29:40] <@wrbtrader> Long Emini ES @ 1643.50 -> large size
[14:30:00] <@wrbtrader> 20 contracts
[14:30:21] <@wrbtrader> size increase because of the prior loss so late in the trading day
[14:31:13] <@wrbtrader> need a 1646.00 to make it worth the effort for these two trades
[14:31:25] <@wrbtrader> WRB pt2 reached
[14:34:36] <@wrbtrader> Exited all Emini ES Long @ 1649.75 --> + 6.25
[14:36:18] <@wrbtrader> The FED...they always know how to talk the hype and then juice up the price action.
[14:36:48] <@wrbtrader> WRB pt3 exit...the goal of the trade
[14:38:53] <TigermanTrader> very good wrbtrader
[14:45:49] <@wrbtrader> I only see trading days like this about 5 - 7 days per year.
[14:46:32] <@wrbtrader> I try hard not to miss any of the FED, IMF or ECB unusually heavy hyped events.
[14:52:11] <t4npaper> CL testing some resistence
[14:52:16] <t4npaper> hope it breaks through
[14:58:04] <@wrbtrader> I'm done for the day
[14:58:14] <t4npaper> looks like a good time for cl to get lazy
[14:58:55] <@wrbtrader> only 2 trade errors, 3 position size errors and one lucky profit trade (small winner) that should have resulted as a loss.
[15:00:16] <@wrbtrader> Take care all...will still be logged in via wrbtrader_mobile unless I get disconnected while at the park
Session Close: Wed Aug 21 15:00:37 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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