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 Post subject: September 3rd Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Sep 04, 2013 7:19 pm 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2729
Location: Canada
Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
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Business Hours: 8am - 5pm est (Mon - Fri)
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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

090313-Key-Price-Action-Markets.png [ 530.15 KiB | Viewed 78 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: Tue Sep 03 07:26:01 2013
Session Ident: ##TheStrategyLab
[07:26:01] * Now talking in ##TheStrategyLab
[07:26:01] * 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'
[07:26:01] * Set by wrbtrader on Tue Feb 05 08:11:19
[07:26:01] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:50:52] * Leopard70______ is now known as Leopard70
[09:20:32] <MattR_> Volatility Spike in Gold GC Futures.
[09:33:18] <TigermanTrader> gm all
[09:35:25] <wrbtrader> Gold rises as traders eye mine strikes, Syria (MarketWatch) @ http://www.marketwatch.com/story/gold-f ... atest_news
[09:36:03] <wrbtrader> Key Market Event @ 1000am est
[09:36:39] <wrbtrader> Eminis still pushing higher but now the volatility is starting to contract
[09:49:31] <canaandog> good morning
[09:54:37] <wrbtrader> Shorts Emini ES @ 1647.00 -> large size
[09:54:58] <wrbtrader> 10+10 contracts
[09:59:48] <wrbtrader> Covered all Emini ES Short @ 1646.50 --> + 0.5
[10:00:16] <wrbtrader> lucky trade of the day...entry was a trade error
[10:00:26] <wrbtrader> Huge spike in Forex EurUsd
[10:01:51] <wrbtrader> Shorts Emini ES @ 1645.75 -> large size
[10:02:05] <wrbtrader> 30 contracts
[10:02:26] <wrbtrader> volatility is spiking with chop...
[10:02:37] <wrbtrader> doesn't look like it will maintaini itself
[10:02:39] <wrbtrader> :(
[10:03:01] <wrbtrader> should'uv lowered the position size risk because of such
[10:03:54] <wrbtrader> choppy price action
[10:04:01] <Donnin_____> wrb ur short was spot on u jumped out.
[10:04:55] <Donnin_____> because of error or price action?
[10:05:09] <canaandog> cl spike
[10:05:27] <wrbtrader> Don...I'm still short
[10:05:31] <wrbtrader> with a loss
[10:07:14] <wrbtrader> Eminis regular session chart now showing more contraction and a tight trading range developing :(
[10:07:46] <Donnin_____> indeed
[10:08:34] <wrbtrader> other key markets starting to contract now after their own volatility spike
[10:09:37] <wrbtrader> tightning stop/loss protection because of such
[10:09:48] <wrbtrader> I'm now expecting a volatility spike
[10:10:12] <TigermanTrader> my chart chrashed :(
[10:10:17] <TigermanTrader> reboot now
[10:10:26] <wrbtrader> Covered all Emini ES Short @ 1646.50 --> - 0.75
[10:11:32] <wrbtrader> Emini futures range getting tighter
[10:12:28] <TigermanTrader> simply I have to rebuild my pc system from scratch
[10:15:04] <canaandog> 6e back to pre-kme levels
[10:16:00] <wrbtrader> Shorts Emini ES @ 1647.25 -> large size
[10:16:03] <TigermanTrader> TF move down ..contrary vs others e.minis
[10:16:14] <wrbtrader> 25 contracts
[10:16:21] <wrbtrader> tough price action now...
[10:16:31] <wrbtrader> markets not insync
[10:16:54] <wrbtrader> If other key markets can show some volatility increases...
[10:17:01] <wrbtrader> Emini ES futures should run a little
[10:17:24] <wrbtrader> tightning stop/loss protection
[10:19:51] <wrbtrader> Crude Oil CL futures and Gold GC futures calm during this volatility movement in the Emini futures :(
[10:25:13] <wrbtrader> Emini TF futures contracting in volatility
[10:30:00] <wrbtrader> volatility contracting more now
[10:32:41] <wrbtrader> volatility contracting more
[10:32:49] <wrbtrader> I'm now expecting another volatility spike
[10:34:20] <wrbtrader> Crude Oil CL futures and Gold GC futures still contracting and developing a range bound price action
[10:37:29] <NDW> daily goal reached in TF on break lower @ 9:16 cst; TF still contracting
[10:40:10] <wrbtrader> Covered all Emini ES Short @ 1646.75 --> + 0.5
[10:41:00] <wrbtrader> SPY and Emini ES still range in comparison to Emini TF and IWM
[10:41:28] <wrbtrader> I'm still looking for a runner with today's key market events
[10:47:08] <wrbtrader> I was expecting a ton of volatility from all key markets together due to the global key market events...
[10:47:15] <wrbtrader> Didn't happen :(
[10:47:39] <wrbtrader> looks like the overnight trading session had all the fun again :(
[10:47:48] <NDW> only 6 pt range in ES today so far
[10:49:20] <wrbtrader> Overall volatility in the Eminis has been shrinking the past 2 months...
[10:50:11] <wrbtrader> If this keeps up, will switch back to primarily trading the Emini TF futures during the regular session hours (less trades in Emini ES)
[10:52:23] <wrbtrader> :(
[10:52:54] <wrbtrader> That retracement price action went just enough so that if if drops back down...
[10:53:25] <wrbtrader> can't do anything but wait until it gets back to the 1644.50 price area
[10:53:26] <wrbtrader> :(
[10:57:47] <NDW> I like the TF better than the ES personally. Almost 100% taking TF trdes now. Still look to ES for lead sometimes for TF trades.
[11:20:23] <wrbtrader> Shorts Emini ES @ 1643.00 -> large size
[11:21:07] <wrbtrader> 15 contracts
[11:22:07] <NDW> short TF @ 1019.8, stop moved to +3
[11:22:42] <NDW> small size 2 contracts
[11:24:00] <NDW> cover 1017.3 on both
[11:28:33] <wrbtrader> Covered all Emini ES Short @ 1639.00 --> + 4
[11:28:50] <wrbtrader> WRB pt2 reached
[11:29:17] <wrbtrader> too bad that prior retracement killed this price drop from producing a runner...
[11:29:28] <wrbtrader> could have been a +8 point trade
[11:29:42] <wrbtrader> WRB pt4 or higher = runner
[11:31:44] <NDW> 1635 is within striking distance; 1638.75 will hang it for awhile
[11:32:39] <wrbtrader> several Down WRB Hidden GAPs on this price drop
[11:32:57] <NDW> sure are
[11:33:20] <wrbtrader> same as the prior price drop but that retractement too them out on low volatility :(
[11:33:28] <wrbtrader> too = took
[11:33:48] <NDW> 15 min charts have a large one waiting to be confirmed
[11:35:21] <NDW> i bailed too early on the TF trade, didn't follow trade managrment guidelines
[11:35:29] <NDW> my bad
[11:39:14] <t4npaper> long cl 107.91
[11:40:13] <t4npaper> correction thats 107.89
[11:43:30] <t4npaper> exit all 108.02
[11:52:45] <t4npaper> cl low volatility
[12:08:35] <TigermanTrader> take care see next time
[13:42:51] <wrbtrader> Wall Street trims gains as support mounts for U.S. action against Syria (Yahoo Finance) @ http://finance.yahoo.com/news/futures-s ... 36527.html
[14:04:47] <wrbtrader> Shorts Emini TF @ 1009.40 -> medium size
[14:04:59] <wrbtrader> 4 contracts
[14:30:06] <wrbtrader> ugly snap back
[14:32:13] <NDW> sure is
[14:33:35] <wrbtrader> Covered all Emini TF Short @ 1008.60 --> + 0.8
[14:33:55] <wrbtrader> wanted to keep that one for the remainder of the trading day...
[14:33:59] <wrbtrader> wasn't meant to be :(
[14:34:53] <NDW> ES is holding firm in 1632 area
[15:30:06] <wrbtrader> Take care all and see all tomorrow
[15:35:25] <TigermanTrader> hi all
[15:35:54] <TigermanTrader> long ES 1637.5
[15:41:11] <TigermanTrader> exit ES @1638 +0.5 pt
[15:43:39] <TigermanTrader> TF is the trender between e-minies now
[15:45:24] <TigermanTrader> lg ES 1638.5
[15:47:24] <TigermanTrader> exit ES @ 1638.75 + 1tick
[15:51:56] <TigermanTrader> few minutes left in regular session
[16:08:50] <TigermanTrader> take care all see next time
Session Close: Tue Sep 03 18:15:34 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 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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