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 Post subject: September 6th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Sep 06, 2013 7:24 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2274
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:
090613-Key-Price-Action-Markets.png
090613-Key-Price-Action-Markets.png [ 517.74 KiB | Viewed 75 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: Fri Sep 06 08:24:18 2013
Session Ident: ##TheStrategyLab
[08:24:18] * Now talking in ##TheStrategyLab
[08:24:18] * 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'
[08:24:18] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:24:18] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:33:23] <canaandog> long es 1660
[08:34:29] <canaandog> flat es 1662 = +2 trail hit
[08:43:25] <MattR_> Volatility Spike in Gold GC Futures.
[09:31:40] <TigermanTrader> gm all
[09:37:26] <TigermanTrader> short es 1660 intuition
[09:38:49] <TigermanTrader> exit 1/2 es 1658.25 +1.25 pt
[09:41:24] <wrbtrader> Good morning all...just got in.
[09:42:03] <@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.
[09:43:20] <@wrbtrader> Shorts Emini ES @ 1653.25 -> large size
[09:43:38] <@wrbtrader> 20+10 contracts
[09:44:51] <@wrbtrader> Covered all Emini ES Short @ 1648.50 --> + 4.75
[09:45:01] <@wrbtrader> WRB pt1 reached
[09:46:14] <@wrbtrader> Shorts Emini ES @ 1647.50 -> large size
[09:46:31] <@wrbtrader> 25+5 contracts
[09:46:37] <@wrbtrader> re-entry intuition
[09:48:02] <@wrbtrader> Covered all Emini ES Short @ 1643.25 --> + 4.25
[09:48:11] <@wrbtrader> trail hit
[09:48:35] <Donnin______> aweso e erb
[09:48:39] <Donnin______> Wrb
[09:49:17] <@wrbtrader> Easy two trades only because I had the reference point of that problematic WRB Hidden GAP on the 15 minute chart as discussed yesterday...
[09:49:29] <TigermanTrader> exit remainder ES 1645 +15 pt
[09:49:34] <Donnin______> u waited
[09:49:57] <@wrbtrader> Made reference I would try to use it today to look for trade opportunities if price re-enter its price range
[09:50:20] <@wrbtrader> Price actions like yesterday usually setup a trend day or strong continuation price action the following trading day.
[09:50:24] <TigermanTrader> my best runner so far from many years !! :)
[09:50:31] <Donnin______> es gonna run back up
[09:50:35] <@wrbtrader> reason why I was willing to load up on the size out of the gate
[09:50:44] <@wrbtrader> Nice trade Tigerman...congrats
[09:51:22] <Donnin______> slow grind prib
[09:51:25] <TigermanTrader> if I know before I put 100 contracts :)
[09:51:27] <Donnin______> lmao
[09:53:11] <@wrbtrader> 100 contracts would be near my limit
[09:53:26] <@wrbtrader> I get butterflies just putting on a 30 contract trade
[09:53:40] <@wrbtrader> can't handle it psychologically anything more than 30
[09:53:50] <TigermanTrader> thank you very much wrbtrader
[09:54:06] <Donnin______> but u can if you trade it the same
[09:54:10] <@wrbtrader> took me 6 years just to go from 20 contracts to 30 contracts
[09:54:27] <@wrbtrader> Hardest part for me is the "mental game"
[09:54:34] <Donnin______> yep
[09:57:10] <TigermanTrader> yeha mental part is the hardest
[09:57:18] <@wrbtrader> FYI - Eurex BUND on the Z contract
[09:57:54] <TigermanTrader> yep is curious you tell that here now
[09:58:13] <TigermanTrader> because I just upgraded my chart today
[09:58:32] <TigermanTrader> simply contracts expire before the dax for example
[09:58:38] <@wrbtrader> Shorts Emini ES @ 1646.00 -> large size
[09:58:45] <@wrbtrader> 10 contracts
[09:58:50] <@wrbtrader> re-entry
[09:59:38] <@wrbtrader> should be a tougher trade now that the price action is starting to contract in comparison to the volatility big drop
[10:00:49] <@wrbtrader> Covered all Emini ES Short @ 1644.50 --> + 1.5
[10:00:57] <@wrbtrader> WRB pt1 reached
[10:01:27] <Donnin______> wrb was there ever video lessons in talks?
[10:01:42] <@wrbtrader> "in talks" ???
[10:01:53] <Donnin______> meaning plained
[10:01:58] <Donnin______> planned
[10:02:12] <@wrbtrader> Video Lessons for what ?
[10:02:25] <Donnin______> material
[10:02:47] <@wrbtrader> video lessons for the WRB Analysis ?
[10:02:49] <Donnin______> you cover
[10:02:59] <Donnin______> yes thats what i mean
[10:03:35] <@wrbtrader> Yes, I'm planning on doing some video lessons of live price actions of WRB Analysis tutorial chapters 1, 2 and 3...
[10:03:44] <@wrbtrader> Will release it on Youtube
[10:04:25] <@wrbtrader> Will then see how that goes for a few months before expanding into the Advance Tutorial Chapters 4 - 12 (not for Youtube)
[10:04:28] <TigermanTrader> oh very good wrbtrader it is a good thing
[10:05:08] <@wrbtrader> I think there's enough "hindsight charts" in the material that its time for me to do some video lessons of live price action.
[10:05:08] <Donnin______> yes cool thing
[10:05:53] <Donnin______> any time table or its tentative at the moment?
[10:06:16] <TigermanTrader> yeah hindsight vs live good
[10:06:44] <@wrbtrader> I would like to have the Youtube stuff posted before the end of the year
[10:06:54] <Donnin______> ok awesome
[10:07:04] <NDW_> that would be nice and helpful
[10:07:41] <@wrbtrader> Weird how that works with trading...
[10:08:02] <@wrbtrader> Yesterday I had my worst day of the year
[10:08:13] <Donnin______> today the best lol
[10:08:22] <@wrbtrader> Today (next day) I have I think my best day of the year of close to it
[10:08:32] <TigermanTrader> this teach a the same lesson....
[10:08:42] <TigermanTrader> NEVER GIVE UP
[10:08:58] <@wrbtrader> exactly
[10:09:10] <@wrbtrader> stick to the plan...even through bad days
[10:09:27] <TigermanTrader> yeah not easy on our mind
[10:09:31] <TigermanTrader> my mind
[10:10:06] <TigermanTrader> go bad with a loss day in trading is VERY difficult
[10:16:30] <NDW_> nice trades to you two
[10:20:32] <chonpz> GM
[10:20:42] <@wrbtrader> Hi chonpz
[10:22:54] <@wrbtrader> Market Context of the day - Yesterday there was a few articles about how much investors and traders hate WAR.
[10:23:12] <@wrbtrader> Today the Russian President Putin said this...
[10:23:41] <@wrbtrader> Putin says Russia Will Assist Syria if Attacked (MarketWatch) @ http://www.marketwatch.com/story/putin- ... 2013-09-06
[10:23:47] <TigermanTrader> long es 1648.25
[10:24:25] <@wrbtrader> I saw that headlines on my android while in traffic...
[10:24:39] <@wrbtrader> reason why I was rushing home to trade
[10:25:10] <Donnin______> lol
[10:28:19] <@wrbtrader> DOK Requirements -> - The password for ##TheStrategyLab chat room will change on Saturday September 7th. Traders that are members of the TSL Support Forum...that have posted a trader profile and DOKs for tutorial chapters 1 and 2 will be allowed access to the new password. Those that have ONLY posted a trader profile and no DOKs...you will not be given access to the new password until you post your DOKs (no exceptions) for tutorial chapters 1 and 2. This only impacts members of the TSL Support Forum and not members of the other private forums.
[10:29:39] <TigermanTrader> exit es 1649 + 0.75pt
[10:31:06] <@wrbtrader> Crude CL futures creeping higher
[11:02:48] <@wrbtrader> Long Emini TF @ 1031.70 -> small size
[11:03:44] <canaandog> eminis at roughly pre-syria levels again
[11:03:59] <@wrbtrader> 3 contracts
[11:04:11] <@wrbtrader> WRB pt1 (shallow) reached
[11:04:14] <@wrbtrader> :(
[11:04:42] <@wrbtrader> Exited all Emini TF Long @ 1032.20 --> + 0.5
[11:05:27] <squiggles> ES now retraced back up to R area of 0930 to 0945 WRB HG
[11:13:08] <john______> WRB HG at time 10:56 EST ES 1 minute chart
[11:16:36] <@wrbtrader> Wow...
[11:16:55] <@wrbtrader> impressive the Emini futures have returned to the price area of their Open
[11:17:48] <NDW_> 32 full points round trip in 105 minutes in tf
[11:19:02] <NDW_> correction: 42 points, 420 ticks
[11:19:19] <NDW_> reminds me of 2008
[11:45:50] <TigermanTrader> take care all see all next week
[11:54:20] <@wrbtrader> Be right back...need to do an emergency reboot
Session Close: Fri Sep 06 11:55:11 2013
[12:21:49] * 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'
[12:21:49] * Set by wrbtrader on Tue Feb 05 08:11:19
[12:21:49] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[12:22:42] <@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.
[12:25:52] <t4npaper> minies are trying
[12:26:38] <t4npaper> i'm running out of patience and dont want to take a full stop...
[12:30:49] <t4npaper> vol is just not there
[12:32:57] <t4npaper> some vol in cl
[12:36:27] <t4npaper> exit 1031.7 -.5
[12:51:28] <canaandog> have a good weekend everyone
[14:57:12] <@wrbtrader> increasing volatility in the Emini Futures
[15:01:30] <@wrbtrader> Long Emini TF @ 1032.60 -> small size
[15:01:36] <@wrbtrader> 2 contracts
[15:02:01] <@wrbtrader> Long Emini TF @ 1032.60 -> Add
[15:02:06] <@wrbtrader> 1 added
[15:07:33] <@wrbtrader> Exited all Emini TF Long @ 1032.90 --> + 0.6
[15:07:45] <@wrbtrader> +0.30
[15:07:54] <@wrbtrader> WRB pt1 (shallow) reached
[15:08:33] <@wrbtrader> Yesterday I had 3 key trades like that...I didn't take the profit and watched it retraced against me and take me out for losses.
[15:08:49] <@wrbtrader> I didn't want to play that game today.
[15:09:01] <t4npaper> good exit
[15:09:05] <@wrbtrader> I'm done for the day. Take care all have a good weekend.
[15:09:21] <t4npaper> emini vol expanding
[15:27:47] <t4npaper> short tf 1030.5
[15:31:44] <t4npaper> shallow pt reached no exit
[15:37:04] <t4npaper> exit 1/3 1029.5 +.1
[15:37:10] <t4npaper> +1
[15:37:54] <t4npaper> see if i can get a runner
[15:45:05] <t4npaper> internet connection issues again...
[15:45:19] <t4npaper> stop 1030.3
[15:53:33] <t4npaper> exit 1
[15:53:46] <t4npaper> exit 1/3 1029.5 +1
[15:55:12] <t4npaper> exit rem 1030 +.5
[15:57:14] <t4npaper> now it goes heh
Session Close: Fri Sep 06 19:18:50 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
intradaystrategies@yahoo.com
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


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