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 Post subject: September 30th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Mon Sep 30, 2013 9:25 pm 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2848
Location: Canada
Price Action Trading (no technical indicators)
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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.

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

093013-Key-Price-Action-Markets.png [ 525.96 KiB | Viewed 203 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 Sep 30 07:30:34 2013
Session Ident: ##TheStrategyLab
[07:30:34] * Now talking in ##TheStrategyLab
[07:30:34] * 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'
[07:30:34] * Set by wrbtrader on Tue Feb 05 08:11:19
[07:30:34] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:18:28] * Looking up wrbtrader user info...
[08:19:58] * Looking up John___ user info...
[08:58:09] <NDW> GM all
[09:00:05] <jessel__> good morning
[09:00:27] <ryangary____> morning
[09:06:16] <wrbtrader> Good morning all
[09:14:16] <jessel__> 3 min CL had a WRB HG and breakout of a reaction low
[09:21:27] <wrbtrader> Should be a very interesting trading day with the looming US Government Shutdown schedule for 1201am est tonight (1min after midnight)
[09:22:36] <jessel__> Are you going to be up at midnight to trade?
[09:23:18] <wrbtrader> No...markets will react today during the regular trading session and tomorrow regular session.
[09:23:35] <wrbtrader> I'll be asleep at midnight
[09:23:44] <jessel__> me too
[09:33:49] <TigermanTrader> gm all
[09:38:46] <jessel__> Chicago PMI at 9:45
[09:43:37] <Donnin________> .
[09:47:54] <canaandog> good morning
[09:48:58] <wrbtrader> I'm surprised there's not more volatility
[09:50:06] <TigermanTrader> yeah big spike at open after the big overnight gap
[09:50:08] <NDW> i am too, a little choppy
[09:50:19] <TigermanTrader> now slow contracting
[09:50:52] <TigermanTrader> they wait for us gov to rise debt ceiling
[09:51:23] <TigermanTrader> the only think istituition will do
[09:52:05] <TigermanTrader> only things I mean
[09:54:37] <squiggles> GC at S area 0854 to 0857 WRB HG
[09:55:16] <kristi39> cl wrbhg on 3 min at 9:51
[09:58:05] <wrbtrader> very slow
[09:59:25] <TigermanTrader> zzzzz.....
[10:00:08] <squiggles> Can't believe still we have to go through this govt shutdown b#llSh#t every year
[10:05:55] <wrbtrader> Yep
[10:08:45] <Donnin________> hah
[10:09:25] <squiggles> One of these days govt's will get out of our face and let reality take over
[10:10:43] <kristi39> it is sad when the leaders of this country can
[10:10:47] <kristi39> can't get along
[10:10:57] <kristi39> not good role models
[10:11:29] <TigermanTrader> sh iwm 105.60
[10:11:55] <TigermanTrader> risky trade so i used etf to manage risk
[10:12:10] <TigermanTrader> considering is simply intuition
[10:12:35] <TigermanTrader> action is too slow i
[10:14:06] <TigermanTrader> exit iwm short at 105.56 +4 tk
[10:14:17] <TigermanTrader> shallow wrb pt1 reached
[10:14:48] <TigermanTrader> simply too difficult trading contitions right now NO volatility
[10:19:36] <kristi39> nice WRBHG on oil at 7:18 3 min
[10:19:50] <kristi39> 10:18 EST
[10:20:54] <kristi39> confirmed
[10:23:43] <squiggles> kristi39 - interesting you call your bar times at the close rather than the open
[10:24:10] <kristi39> my charts are set to closing times
[10:24:37] <kristi39> sorry if that is confusing
[10:24:54] <squiggles> different to most ?
[10:25:11] <NDW> dallas fed annc. 5 minutes
[10:31:09] <squiggles> CL volatility up
[10:31:32] <wrbtrader> Yes, nice looking volatility spike in Crude Oil CL futures
[10:32:18] <wrbtrader> Hopefully it turns into a WRB Hidden GAP
[10:32:35] <wrbtrader> I'll then watch more closely to see if any trade signals appear soon afterwards
[10:35:13] <squiggles> GC spike now
[10:37:33] <wrbtrader> Long Emini TF @ 1065.00 -> medium size
[10:37:50] <wrbtrader> 2=2 contracts
[10:37:52] <wrbtrader> poor entry
[10:39:43] <wrbtrader> Exited all Emini TF Long @ 1065.90 --> + 0.9
[10:39:55] <wrbtrader> WRB pt1 reached (lucky trade)
[10:40:11] <wrbtrader> didn't realize it was a 7 tick chaser until "after" entry
[10:40:45] <TigermanTrader> long es 1676.5
[10:43:06] <TigermanTrader> exit es long at 1677.5 + 4tk
[10:43:48] <squiggles> YM, NQ, 6A, FDAX, ES steady up
[10:44:47] <squiggles> GC spike up
[10:45:26] <wrbtrader> I'm still watching Crude Oil and so far nothing since that big spike
[10:51:45] <wrbtrader> Long Light Crude Oil CL @ 101.65 -> small size
[10:51:56] <wrbtrader> 3 contracts
[10:52:43] <squiggles> HG, copper working steadily higher for last 7 days - usually a good barometer
[10:54:16] <TigermanTrader> long cl 101.71
[10:59:02] <TigermanTrader> exit cl long at 101.72
[10:59:31] <TigermanTrader> +1 tick gain now CL can continue up after I exited :)
[10:59:42] <TigermanTrader> lose my patience
[11:00:14] <jessel__> I have the same problem. Always out too early
[11:00:27] <wrbtrader> Exited all Light Crude Oil CL Long @ 101.80 --> + 0.15
[11:00:37] <wrbtrader> WRB pt1 reached
[11:00:47] <TigermanTrader> yeah infact right now CL hit his target :)
[11:01:22] <wrbtrader> Its only an early exit if you exit prior to your profit target
[11:01:41] <wrbtrader> In contrast, if you exit at the planned price...its a good trade
[11:02:09] <kristi39> wrbtrader, do you usually exit before the close of the candle on pt1 like it talks about in the manual?
[11:02:18] <TigermanTrader> yeah infact I fight to hang on
[11:02:51] <wrbtrader> I usually use the WRB Analysis trade management...WRB, WRB Hidden GAP and WRB Zones
[11:04:16] <kristi39> cl double top from 8:45
[11:18:13] <jessel__> WRB HG on 3 min ES just formed
[11:56:38] <TigermanTrader> long es 1677.25
[11:57:30] <TigermanTrader> wow tf did his spike while ES not :(
[11:59:41] <TigermanTrader> exit es long @ 1678 + 3tk wrb pt1 reached
[12:12:32] <wrbtrader> Endgame unknown as shutdown looms (MarketWatch) @ http://www.marketwatch.com/story/endgam ... 2013-09-30
[12:20:19] <TigermanTrader> take care all see all next time
[13:38:26] <wrbtrader> Long Emini ES @ 1679.75 -> small size
[13:38:33] <wrbtrader> 5 contracts
[13:39:12] <wrbtrader> volatility spike
[13:51:48] <wrbtrader> :(
[13:52:41] <wrbtrader> Emini ES futures seems content on hanging around the R area of the 2min UP WRB Hidden GAP 1316pm - 1318pm est
[13:55:04] <wrbtrader> Exited all Emini ES Long @ 1677.75 --> - 2
[13:55:14] <wrbtrader> volatility increasing
[13:58:40] <wrbtrader> Shorts Emini ES @ 1676.50 -> large size
[13:58:47] <wrbtrader> 20 contracts
[13:59:03] <wrbtrader> volatility still increasing
[13:59:17] <wrbtrader> snap back = chop
[14:00:52] <wrbtrader> volatility showed up first and now the chop is trying to take control :(
[14:02:52] <wrbtrader> Senate vote pending
[14:03:07] <wrbtrader> schedule to begin in a few minutes
[14:03:26] <wrbtrader> Just started
[14:04:17] <wrbtrader> I was expecting more volatility and less chop on this pending key market event...
[14:04:29] <wrbtrader> That's why I increased my position size.
[14:04:42] <wrbtrader> Didn't get the follow-through I was looking for :(
[14:05:33] <wrbtrader> Covered all Emini ES Short @ 1676.50 --> 0
[14:06:07] <wrbtrader> good try at it
[14:06:11] <wrbtrader> chop is too tough
[14:06:25] <wrbtrader> if volatility shows up again...will try again
[14:17:45] <wrbtrader> Long Emini ES @ 1677.25 -> large size
[14:17:52] <wrbtrader> 20 contracts
[14:18:00] <wrbtrader> snap back
[14:31:12] <wrbtrader> snap back
[14:34:42] <wrbtrader> WRB pt1 reached
[14:37:23] <jessel__> Did you exit any contracts?
[14:42:10] <wrbtrader> Exited all Emini ES Long @ 1678.75 --> + 1.5
[14:42:19] <wrbtrader> correction
[14:42:33] <wrbtrader> Exited all Emini ES Long @ 1677.75 --> + 0.5
[14:42:56] <wrbtrader> Shorts Emini ES @ 1677.50 -> large size
[14:43:14] <wrbtrader> 10 contracts
[14:47:44] <wrbtrader> price rising on declining volatility :(
[14:48:10] <wrbtrader> Covered all Emini ES Short @ 1678.75 --> - 1.25
[14:49:43] <wrbtrader> I'm now expecting a volatility spike
[14:50:19] <wrbtrader> Long Emini ES @ 1678.75 -> large size
[14:50:29] <wrbtrader> 20 contracts
[14:52:02] <wrbtrader> so far just churning in these Emini ES futures trades
[14:56:40] <wrbtrader> volatility still declining
[14:56:44] <wrbtrader> :(
[14:57:06] <wrbtrader> Euro just spiked
[14:59:51] <wrbtrader> Exited all Emini ES Long @ 1676.75 --> - 2
[15:00:10] <wrbtrader> Emini TF holding while Emini ES giving up
[15:00:50] <NDW> unusual price action - it is an abnormal trading day with the political theater going on
[15:00:50] <wrbtrader> Emini ES back inside the range of the earlier snap back reaction low
[15:02:20] <wrbtrader> Shorts Emini ES @ 1675.25 -> large size
[15:02:40] <wrbtrader> 10 contracts
[15:03:19] <wrbtrader> I had a Short earlier that got snap back...loosing the profit
[15:03:51] <wrbtrader> Covered all Emini ES Short @ 1675.25 --> 0
[15:04:11] <wrbtrader> needed that Short about 2 ticks higher
[15:04:43] <wrbtrader> reaction low being testing
[15:07:33] <wrbtrader> Shorts Emini ES @ 1675.25 -> large size
[15:07:51] <wrbtrader> 25+5 contracts
[15:10:46] <wrbtrader> another shallow WRB pt1 reached
[15:10:54] <wrbtrader> :(
[15:11:41] <wrbtrader> been trying to capture a WRB pt2
[15:11:46] <wrbtrader> no luck
[15:14:15] <wrbtrader> Covered 1/2 Emini ES Short @ 1673.25 --> + 2
[15:14:51] <wrbtrader> early exit (not a WRB pt2)
[15:15:29] <wrbtrader> WRB pt2 reached
[15:16:02] <wrbtrader> not able to grab it due to the fast snap back
[15:16:17] <wrbtrader> will try to market out if given a 2nd chance
[15:17:44] <wrbtrader> Emini ES futures is fighting hard all the way back down
[15:17:59] <wrbtrader> It keeps attempting to find some legs
[15:18:21] <wrbtrader> Covered Remainder Emini ES Short @ 1672.25 --> + 3
[15:20:27] <wrbtrader> position size has been tough today due to the choppiness so far this afternoon trading session
[15:22:46] <TigermanTrader> good afternoon all
[15:23:07] <TigermanTrader> too late I miss a good short by minutes :(
[15:23:31] <TigermanTrader> in contrast seems wrbtrader catch it :)
[15:24:05] <wrbtrader> Had a few losses earlier trying to catch a volatility movement
[15:25:32] <wrbtrader> The market context (government shutdown looming and constant blame game/pointing fingers in congress) of the day has been a pain in the butt
[15:25:41] <TigermanTrader> yeah never easy to catch the right one at first
[15:26:06] <wrbtrader> I kepted a low profile this morning and in hindsight was a big mistake
[15:26:41] <jessel__> It sure was not easy day to trade
[15:29:57] <wrbtrader> These types of market context days usually are a pain to trade.
[15:30:42] <wrbtrader> Not looking for to the "Debt Ceiling" situation in two weeks...should be a repeat of today :(
[15:31:24] <wrbtrader> Shorts Emini ES @ 1673.25 -> large size
[15:31:33] <wrbtrader> 20 contracts
[15:31:48] <wrbtrader> volatility increasing suddenly
[15:32:27] <wrbtrader> WRB pt1 (shallow) reached...chop killed it again :(
[15:32:53] <TigermanTrader> short ES 1672.5
[15:33:14] <TigermanTrader> risky trade ,price already reach a small target
[15:34:04] <TigermanTrader> I hope x little jump
[15:34:09] <wrbtrader> Gold futures spiked on volatility...
[15:34:18] <wrbtrader> Other key markets look confuse :(
[15:34:39] <wrbtrader> not joining in on the volatility increase in other markets
[15:34:50] <wrbtrader> tighting stop loss protection
[15:34:55] <wrbtrader> don't trust it now
[15:38:03] <wrbtrader> Emini ES found some legs
[15:38:17] <wrbtrader> Covered all Emini ES Short @ 1673.50 --> - 0.25
[15:38:59] <wrbtrader> Shorts Emini ES @ 1673.00 -> large size
[15:39:10] <wrbtrader> 20 contracts
[15:41:52] <wrbtrader> price action currently at another WRB pt1 (shallow) reached
[15:43:27] <wrbtrader> another volatility spike in Gold...taking price back upwards
[15:43:55] <wrbtrader> still not volatility spike out of Crude Oil CL futures that past 30 minutes
[15:44:34] <TigermanTrader> exit es @ 1672 +2 ticks
[15:44:48] <TigermanTrader> wow endless trade x me
[15:44:52] <wrbtrader> Covered all Emini ES Short @ 1672.75 --> + 0.25
[15:45:13] <TigermanTrader> I almost exit x a loss before when price spiked up
[15:45:14] <wrbtrader> another speach thrown on TV in live
[15:47:07] <wrbtrader> Shorts Emini ES @ 1673.75 -> large size
[15:47:36] <wrbtrader> 20 contracts
[15:49:44] <wrbtrader> We're now inside the 4pm est rush hour traffic window of 1550pm - 1600pm est
[15:49:57] <TigermanTrader> short es 1672.5
[15:49:58] <wrbtrader> tightning stop/loss protection
[15:50:11] <wrbtrader> trailing @ profit
[15:52:45] <TigermanTrader> exit ES short @ 1672.5 breakeven
[15:52:53] <wrbtrader> Covered all Emini ES Short @ 1673.25 --> + 0.50
[15:53:40] <TigermanTrader> short 1673.25
[15:54:07] <wrbtrader> Shorts Emini ES @ 1672.50 -> large size
[15:54:18] <wrbtrader> 20 contracts
[15:54:53] <wrbtrader> geeesh
[15:54:54] <wrbtrader> tough
[15:56:23] <TigermanTrader> exit ES short @ 1672.75 +2ticks
[15:56:34] <TigermanTrader> tired of this up and down :(
[15:57:48] <wrbtrader> Covered all Emini ES Short @ 1673.00 --> - 0.5
[15:58:11] <wrbtrader> Long Emini ES @ 1673.50 -> large size
[15:58:25] <wrbtrader> 20 contracts
[15:58:44] <wrbtrader> taking a rest after this type of price action
[15:58:58] <wrbtrader> primarily just churning :(
[15:59:11] <wrbtrader> WRB pt1 (shallow) reached
[15:59:25] <wrbtrader> trailing @ profit
[16:00:14] <wrbtrader> WRB pt2 reached
[16:01:13] <TigermanTrader> very good wrbtrader :)
[16:02:13] <NDW> good job wrb, you kept after it all afternoon
[16:05:53] <wrbtrader> still trying to hold on for a little more
[16:06:40] <TigermanTrader> long ES 1677.25
[16:06:56] <wrbtrader> Exited 3/4 Emini ES Long @ 1678.00 --> + 4.5
[16:07:43] <wrbtrader> Exited Remainder Emini ES Long @ 1678.50 --> + 5
[16:08:08] <wrbtrader> Going for a long walk to relax...take care and see all tomorrow
[16:08:51] <jessel__> OK have a good evening
[16:10:55] <TigermanTrader> exit ES long @ 1678.5 +5ticks
[16:19:31] * NDW is now known as NDWaway
[16:34:37] <TigermanTrader> take care all and see all tomorrow


##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 Qu├ębec, 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
Go Back To TheStrategyLab.com Homepage

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