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 Post subject: September 13th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Sep 14, 2013 7:01 am 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2274
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.

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:
091313-Key-Price-Action-Markets.png
091313-Key-Price-Action-Markets.png [ 546.41 KiB | Viewed 62 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 13 09:28:16 2013
Session Ident: ##TheStrategyLab
[09:28:16] * Now talking in ##TheStrategyLab
[09:28:16] * 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'
[09:28:16] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:28:16] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:33:04] <canaandog> kmes 0955, 1000
[09:33:48] <MattR_> Crude Oil CL Futures testing support area of 5:10-5:15am WRB HG.
[09:34:12] <MattR_> oh whoops, not a HG.
[09:36:55] <TigermanTrader> gm all
[09:37:08] <TigermanTrader> sh es 1678.75
[09:39:56] <TigermanTrader> exit es 1680 1.25 pt
[09:40:13] <TigermanTrader> show up too late and chase this short
[09:40:21] <wrbtrader> Shorts Emini ES @ 1680.00 -> large size
[09:40:31] <wrbtrader> 20 contracts
[09:41:49] <TigermanTrader> sh es 1679.5 re enter
[09:44:22] <TigermanTrader> exir es 1679.5
[09:44:29] <TigermanTrader> breakeven
[09:44:58] <TigermanTrader> sh 1679.5 es
[09:47:30] <wrbtrader> Covered all Emini ES Short @ 1679.75 --> + 0.25
[09:48:32] <wrbtrader> Key Market Event @ 0955am est
[09:49:05] <wrbtrader> Shorts Emini ES @ 1680.00 -> large size
[09:49:14] <wrbtrader> 25 contracts
[09:49:17] <wrbtrader> re-entry
[09:50:49] <wrbtrader> tighten stop/loss protection
[09:51:01] <TigermanTrader> exit es 1680
[09:51:25] <wrbtrader> THE SUSPENSE :)
[09:52:31] <wrbtrader> volatility in the Eminis just fell off the planet
[09:52:52] <TigermanTrader> ym seems lead higher
[09:52:56] <wrbtrader> wasn't expecting such because this key market event was NOT hyped the fast few trading days
[09:53:26] <TigermanTrader> tf es chart like ziz zag
[09:54:49] <wrbtrader> Covered all Emini ES Short @ 1680.75 --> - 0.75
[09:55:34] <wrbtrader> Shorts Emini ES @ 1680.25 -> large size
[09:55:45] <wrbtrader> 25 contracts
[09:55:49] <wrbtrader> re-entry
[09:56:16] <wrbtrader> starting to look like a CHURN between the two trades :(
[09:56:54] <wrbtrader> any cover below 1679.00 will make it not a churn trade
[09:57:00] <squiggles> KME's too close together
[09:58:12] <TigermanTrader> ugly price action I think contracts switch not help
[09:58:22] <TigermanTrader> sep vs dec
[09:59:07] <wrbtrader> Yep, contract rollover is ALWAYS a factor
[09:59:59] <TigermanTrader> yeah not a so good x me usually
[10:00:17] <TigermanTrader> I have to make note of this
[10:02:05] <wrbtrader> Key markets not insync but trying hard now
[10:02:36] <wrbtrader> Emini TF futures had a mind of its own when it tried powering upwards by itself without any help from other key markets
[10:03:42] <wrbtrader> I now need a 1678.00 to make the trading effort worthwhile these two trades
[10:04:37] <wrbtrader> volatility dropping fast again
[10:04:45] <wrbtrader> trailing @ profit
[10:04:56] <wrbtrader> I'm now expecting another volatility spike...
[10:05:03] <squiggles> ES 1678 has been recent support area
[10:05:07] <wrbtrader> Hopefully it takes prices downward and not upwards
[10:05:46] <wrbtrader> WRB pt1 reached
[10:06:01] <wrbtrader> will hold...rolling the dice that I can capture a WRB pt2
[10:06:38] <TigermanTrader> short es 1678
[10:06:52] <TigermanTrader> hope x your wrb p2
[10:08:58] <TigermanTrader> exit es 1677.5 +0.5 pt
[10:09:42] <wrbtrader> QQQ completely filled its gap
[10:10:04] <wrbtrader> SPY barely did the same
[10:10:43] <wrbtrader> I'm just waiting for an interval in the SPY to close below the GAP instead of just testing it
[10:12:23] <TigermanTrader> now spy did it
[10:12:31] <TigermanTrader> below his gap
[10:14:06] <squiggles> GC in tight range since 0954 to 0956 WRB HG up
[10:14:32] <wrbtrader> Covered Emini ES Short @ 1676.50 --> + 3.75
[10:14:48] <wrbtrader> Holding 5 contract remainders
[10:15:04] <wrbtrader> WRB pt2 reached
[10:17:49] <wrbtrader> Talk about manipulation...
[10:18:10] <wrbtrader> Consumer sentiment hits five-month low (MarketWatch) @ http://www.marketwatch.com/story/consum ... 2013-09-13
[10:18:28] <wrbtrader> Emini ES open the regular session as a GAP DOWN
[10:18:40] <wrbtrader> SPY open the regular session as a GAP UP...
[10:19:04] <wrbtrader> Both with other key markets then spike UPWARDS on the negative news...
[10:19:18] <wrbtrader> producing some very nice LARGE ORDER entries on the spike...
[10:19:51] <wrbtrader> it then has orderly (like someone is controlling everything) dropped lowered
[10:20:29] <squiggles> is it possible to see who is making the trades
[10:20:38] <wrbtrader> I know its contract rollover day and its not unusual to see SPY and Emini ES gap opposite of each other like that...
[10:21:14] <wrbtrader> Still an eye opener that there's elements controlling the price action and they got exactly the price entries they wanted
[10:22:05] <wrbtrader> I also know there's been alot of "accusations" and "finger pointing" to the big boys playes in SPY, IWM, QQQ, DIA lately
[10:22:30] <wrbtrader> record number (10 year high I think) of investors and traders pulling their money out of the ETFs lately
[10:22:55] <wrbtrader> folks getting tired of the games being played is my guess
[10:27:15] <r33gmd> eur usd volatility
[10:27:41] <wrbtrader> on the flip side...
[10:28:09] <wrbtrader> Treasury ZN futures on the upside now after doing a gap Down on the open
[10:28:26] <wrbtrader> WRB pt3 reached
[10:29:01] <wrbtrader> Covered Remainder Emini ES Short @ 1675.50 --> + 4.75
[10:29:14] <John__> lovely trade!
[10:29:57] <wrbtrader> Treasuries Gain as Retail Sales Growth Trails Forecast (MarketWatch) @ http://www.bloomberg.com/news/2013-09-1 ... tlook.html
[10:31:27] <wrbtrader> I had to trade manage that entire trade via the price action of SPY because Emini ES did that gap DOWN into a dead area I couldn't analyze for trade opportunities whereas SPY gap upwards in contrast
[10:41:06] <TigermanTrader> long es 1678
[10:42:05] <TigermanTrader> exit es 1678
[10:42:52] <TigermanTrader> type error
[10:43:04] <TigermanTrader> then error on book trade
[10:43:15] <TigermanTrader> simply I m to distracted to trade :(
[10:44:10] <wrbtrader> Emini TF futures back where it started...a full circle
[10:44:47] <TigermanTrader> yeah up and down
[10:45:36] <TigermanTrader> wrbtrader you couldn't analyze ES because limited bars in your chart?
[10:46:08] <TigermanTrader> so because the gap down you cant see previos action, zone and so on ?
[10:46:33] <wrbtrader> No
[10:46:54] <TigermanTrader> so the reason ?
[10:47:15] <wrbtrader> I couldn't analyze Emini ES on the gap Down because of too much contradiction
[10:47:33] <wrbtrader> In contrast, SPY had LESS contradiction with other key markets
[10:48:04] <TigermanTrader> ah ok understand
[11:14:32] <@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.
[11:43:07] <@wrbtrader> Shorts Emini TF @ 1947.00 -> small size
[11:43:23] <@wrbtrader> 1 contract
[11:43:58] <@wrbtrader> correct
[11:44:16] <@wrbtrader> Shorts Emini TF @ 1047.00 -> small size
[11:48:32] <TigermanTrader> take care all and see you all next week
[12:12:05] <@wrbtrader> shallow WRB pt1 in this slow price action
[12:12:12] <@wrbtrader> :(
[12:12:46] <@wrbtrader> Covered Emini TF Short @ 1046.70 --> + 0.3
[12:13:05] <@wrbtrader> the volatility contraction after my entry killed the trade potential
[12:14:05] <@wrbtrader> via the 3min chart for that trade
[12:44:37] <@wrbtrader> Shorts Emini TF @ 1047.00 -> small size
[12:44:43] <@wrbtrader> 2 contracts
[12:44:47] <@wrbtrader> re-entry
[12:50:48] <@wrbtrader> Covered all Emini TF Short @ 1047.90 --> - 0.9
[13:13:40] <@wrbtrader> just got back...
[13:13:53] <@wrbtrader> Gold GC futures fell off the cliff again
[13:27:11] <@wrbtrader> Long Emini TF @ 1048.70 -> small size
[13:27:26] <@wrbtrader> 2+1 contracts
[13:49:30] <@wrbtrader> WRB pt1 reached
[14:01:47] <John__> do you have objective for TF long?
[14:04:12] <@wrbtrader> Yes, a WRB pt2
[14:06:54] <@wrbtrader> WRB pt1 @ 1049.60 and has been contracting its volatility since then
[14:07:15] <@wrbtrader> trailing @ profit
[14:07:30] <@wrbtrader> Exited all Emini TF Long @ 1049.20 --> + 0.5
[14:08:10] <@wrbtrader> basically churning Emini TF futures today :(
[14:17:25] <t4npaper> i missed all the trading today
[14:17:33] <t4npaper> sometimes i gotta do my job :/
[14:22:34] <t4npaper> cl WRBHG
[14:22:59] <t4npaper> gold and silver also climbing
[14:28:48] <@wrbtrader> Long Emini TF @ 1049.90 -> medium size
[14:28:55] <@wrbtrader> 4 contracts
[14:29:04] <@wrbtrader> volatility trying hard to increase
[14:29:50] <t4npaper> maybe after cl close @230
[14:30:04] <@wrbtrader> Yep and I now see my error :(
[14:30:42] <@wrbtrader> I'm now looking for a Houdini Escape out of this trade
[14:34:13] <t4npaper> cl vol still climbing
[14:34:55] <t4npaper> long tf 1049.5
[14:43:13] <t4npaper> vol is drying up
[14:52:17] <@wrbtrader> Exited all Emini TF Long @ 1049.30 --> - 0.6
[14:53:35] <@wrbtrader> now it sets up correctly :(
[14:53:36] <@wrbtrader> geeesh
[14:54:09] <t4npaper> small pt1
[14:57:04] <t4npaper> sheesh its dead
[14:57:36] <t4npaper> exit all +.1
[15:02:32] <@wrbtrader> I'm now expecting a volatility spike here soon
[15:02:49] <@wrbtrader> Long Emini TF @ 1050.00 -> large size
[15:02:54] <@wrbtrader> 6 contracts
[15:03:51] <@wrbtrader> I've been slowly increasing my position size in each trade in the Emini TF futures today
[15:06:26] <@wrbtrader> 9 tick range the past one hour of price action
[15:06:53] <@wrbtrader> testing the low of the range
[15:07:46] <@wrbtrader> volatility surge in Gold GC futures
[15:11:43] <@wrbtrader> S area of most recent Up WRB Hidden GAP @ 1048.50 via the 5min chart
[15:16:36] <@wrbtrader> Emini TF futures retesting the top of the volatility contraction range
[15:17:03] <@wrbtrader> doing such as a WRB pt1 (shallow) reached :(
[15:18:51] <@wrbtrader> Big analysis now...take the 1 tick WRB pt1 or try for a WRB pt2
[15:19:30] <@wrbtrader> I'm up big for the day via Emini ES futures...will go for a WRB pt2
[15:19:56] <@wrbtrader> Long Emini TF @ 1049.80 -> Add
[15:20:12] <@wrbtrader> 2+4 added
[15:20:22] <@wrbtrader> total 12 contracts
[15:22:50] <@wrbtrader> volatility increasing in other key markets again
[15:22:56] <t4npaper> gold is strong, but nothing i can get a hold of
[15:23:00] <@wrbtrader> Crude Oil CL futures and Gold GC futures
[15:23:21] <@wrbtrader> somebody please slap the Emini futures
[15:23:46] <@wrbtrader> We're missing the parade
[15:25:25] <@wrbtrader> CL and GC contracting a little...
[15:25:45] <@wrbtrader> Lets see now if that volatility can start to transfer into the Emini Futures
[15:30:15] <@wrbtrader> still stuck inside the 9 tick range
[15:35:06] <t4npaper> long tf 1049.3
[15:37:20] <t4npaper> gc goes again...
[15:37:28] <@wrbtrader> wow
[15:44:26] <t4npaper> which way will it go...
[15:46:27] <@wrbtrader> Approacing the start of the 4pm est rush hour traffic (1550pm est)
[15:47:50] <@wrbtrader> if I can get to 1550pm est without further damage and then see this go a few ticks higher...
[15:48:13] <t4npaper> shallow pt1
[15:48:17] <@wrbtrader> I may start scaling out of this position at a loss unless it can start moving earlier
[15:48:36] <@wrbtrader> tic toc tic
[15:48:54] <@wrbtrader> Crude Oil CL futures increasing volatility again
[15:49:31] <t4npaper> its also friday
[15:49:44] <t4npaper> tight stop ...
[15:50:17] <t4npaper> exit 1048.8 -.5
[15:50:27] <@wrbtrader> near that S area
[15:50:49] <@wrbtrader> A snap back would be nice about now
[15:51:25] <t4npaper> i'll reenter if that happens properly
[15:53:43] <t4npaper> long gc 1323.5
[15:57:05] <t4npaper> i wonder if a spike in TF will negatively affect vol in GC
[15:57:40] <@wrbtrader> starting to feel more like that prior losing trade :(
[15:58:05] <@wrbtrader> same type of shallow volatility spike after a push down
[15:58:20] <t4npaper> stop .2
[15:58:39] <@wrbtrader> tightning stop/loss protection
[15:59:17] <t4npaper> exit .2
[16:00:01] <t4npaper> long tf 1050.1
[16:00:39] <t4npaper> :( chased,and not proper
[16:03:00] <@wrbtrader> Exited 1/2 Emini TF Long @ 1050.10 --> + 0.3
[16:03:25] <@wrbtrader> Exited Remainder Emini TF Long @ 1050.00 --> 0
[16:03:43] <@wrbtrader> :(
[16:04:23] <@wrbtrader> Emini TF futures tried hard but it was too content to stay within the range of that 9 tick volatility contraction
[16:05:01] <@wrbtrader> I don't have anymore time to hang around after 4pm est to try to keep that position for a late up movement
[16:05:11] <@wrbtrader> Time to pick up the kids from school.
[16:05:22] <@wrbtrader> Take care all and have a good weekend
[16:05:34] <t4npaper> adios
[16:15:10] <t4npaper> exit 1049.8 -.3
[16:17:23] <t4npaper> hard fight, but losing day, missed too much
[16:17:35] <t4npaper> GC stole the show anyways
Session Close: Fri Sep 13 18:55:46 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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