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 Post subject: September 16th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Sep 17, 2013 7:57 am 
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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)
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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:
091613-Key-Price-Action-Markets.png
091613-Key-Price-Action-Markets.png [ 530.05 KiB | Viewed 56 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 16 08:13:48 2013
Session Ident: ##TheStrategyLab
[08:13:48] * Now talking in ##TheStrategyLab
[08:13:48] * 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'
[08:13:48] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:13:48] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:34:39] <MattR_> Remaining KMEs today at 9:15am ET.
[09:05:41] <canaandog> good morning
[09:33:42] <canaandog> Stock futures soar as Summers bows out of Fed racehttp://on.mktw.net/18mTkwq
[09:34:09] <canaandog> at least that fox won't be guarding the henhouse
[09:34:19] <TigermanTrader> gm all
[09:34:34] <Donnin______> lets hope we see volitlity
[09:34:57] <TigermanTrader> short es 1797.75
[09:35:53] <TigermanTrader> exit 1697.75 breakeven
[09:36:29] <wrbtrader> Shorts Emini ES @ 1697.00 -> large size
[09:36:41] <Donnin______> i guess we are
[09:36:53] <TigermanTrader> short 1697.75 renter
[09:36:58] <wrbtrader> 25 contracts
[09:37:38] <TigermanTrader> type error
[09:37:47] <TigermanTrader> short es 1696.75
[09:38:00] <TigermanTrader> exit es 1696.5 + 1 tick
[09:38:44] <wrbtrader> volatility slowed :(
[09:41:06] <TigermanTrader> short 1695.75
[09:41:14] <wrbtrader> Covered Emini ES Short @ 1695.25 --> + 1.75
[09:41:20] <wrbtrader> Holding 5 contract remainders
[09:41:28] <TigermanTrader> exit es 1695.25 + 2 ticks
[09:41:35] <wrbtrader> WRB pt1 reached
[09:41:51] <wrbtrader> Covered Remainder Emini ES Short @ 1694.75 --> + 2.25
[09:41:57] <TigermanTrader> not easy for me hang on and let the trade go :(
[09:42:05] <Donnin______> gonna be a tight range day ?
[09:44:59] <wrbtrader> It started well into the regular session with a strong continuation price action...
[09:45:22] <wrbtrader> I hope it does start contracting too much and then go into a tight trading range day.
[09:45:40] <Donnin______> right
[09:45:41] <wrbtrader> meant...I hope it does NOT contract too much
[09:47:01] <wrbtrader> To make decent money in this market...we need volatility that produce strong continuation price actions or trend price actions.
[09:47:15] <wrbtrader> Everything else is just a struggle or slow bleed
[09:50:57] <wrbtrader> Long Light Crude Oil CL @ 107.17 -> small size
[09:51:09] <wrbtrader> 1 contract
[09:51:58] <wrbtrader> Long Light Crude Oil CL @ 107.12 -> Add
[09:52:05] <wrbtrader> 2 contracts added
[09:55:39] <wrbtrader> Short Emini TF futures @ 1057.50 small size 2 contracts
[09:56:05] <wrbtrader> trade error :(
[09:57:04] <wrbtrader> Cover Emini TF futures @ 1057.00 +0.50
[09:59:01] <wrbtrader> Exited Light Crude Oil CL Long @ 107.21 --> + 0.13
[09:59:03] <wrbtrader> Holding the original 1 contract
[09:59:24] <wrbtrader> Exited Remainder Light Crude Oil CL Long @ 107.26 --> + 0.09
[09:59:32] <wrbtrader> WRB pt1 reached
[10:19:52] <wrbtrader> Long Emini TF @ 1059.20 -> medium size
[10:19:58] <wrbtrader> 4 contracts
[10:27:34] <@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.
[10:30:28] <squiggles> FDAX flat as this morning
[10:35:29] <@wrbtrader> volatility increasing
[10:37:35] <squiggles> where ?
[10:38:50] <@wrbtrader> In the Emini futures
[10:38:57] <@wrbtrader> Emini TF
[10:39:22] <@wrbtrader> Exited all Emini TF Long @ 1057.50 --> - 1.7
[10:40:08] <@wrbtrader> Forex EurUsd volatility increasing
[10:44:24] <@wrbtrader> Shorts Emini TF @ 1056.10 -> medium size
[10:44:42] <@wrbtrader> 4 contracts
[10:45:15] <@wrbtrader> Emini ES futures is still contracting in its volatility while Emini TF is slowly expanding in its volatility :(
[10:45:25] <@wrbtrader> key markets not insync on their volatility movement
[10:48:34] <@wrbtrader> range slowly becoming more intact
[10:49:52] <@wrbtrader> We have a well defined Down WRB HG @ 1004am and Up WRB HG @ 1016am est defining the price action and setting up the range
[10:50:16] <@wrbtrader> prior losing trade near the R area of the Up WRB HG
[10:50:36] <@wrbtrader> current losing trade open near the S area of the Down WRB HG
[10:51:53] <@wrbtrader> R area of UP WRB HG @ 1059.40 and S area of Down WRB HG @ 1055.50
[10:52:13] <@wrbtrader> about a 4 point range
[10:52:51] <Donnin______> 2 min ?
[10:53:02] <@wrbtrader> Yep
[10:53:07] <Donnin______> roger
[10:53:35] <@wrbtrader> Emini ES futures still stable in a very tight trading range in comparison to Emini TF futures
[10:53:47] <NDW> very tight on ES
[10:54:28] <@wrbtrader> I'm now expecting a volatility spike
[10:54:46] <@wrbtrader> too many markets in a volatility contracting range
[10:55:01] <@wrbtrader> tightning stop/loss protection
[10:56:10] <@wrbtrader> WRB pt1 (shallow) reached :( pathetic
[10:56:45] <@wrbtrader> WRB pt2 reached
[10:58:06] <@wrbtrader> Covered all Emini TF Short @ 1054.70 --> + 1.4
[10:58:25] <squiggles> Mkts will probably stuff around until 1400 Weds KME
[11:02:38] <@wrbtrader> Shorts Emini TF @ 1054.70 -> medium size
[11:02:56] <@wrbtrader> 4 contracts :(
[11:03:18] <@wrbtrader> looking for a Houdini Escape
[11:05:06] <@wrbtrader> Covered 3/4 Emini TF Short @ 1054.60 --> + 0.1
[11:05:35] <@wrbtrader> only wanted 1 contract on that trade and went 4 contracts...position size error
[11:06:57] <@wrbtrader> Emini TF futures trying too hard to retrace back inside the range of that prior Down WRB HG I mentioned earlier
[11:15:19] <squiggles> GC retacing up from 0900 to 0903 WRB HG
[11:16:27] <MattR_> Crude Oil CL Futures stuck near R area of 11:04-11:06 WRB HG.
[11:41:15] <@wrbtrader> Covered Emini TF Short @ 1056.40 --> - 1.7
[11:48:56] <t4npaper> long cl 107.1
[12:00:47] <t4npaper> exit 107.36 +.35
[12:26:05] <t4npaper> short tf 1057.3
[12:38:42] <TigermanTrader> see all later for market closing time ..
[12:43:52] <t4npaper> testing 0930 Resistance
[12:46:00] <t4npaper> exit 1057.5 -.2
[13:43:31] <t4npaper> nice drop in the minis :/
[13:43:50] <NDW> short TF 1054.2,
[13:44:11] <NDW> stp moved to 1053.2, tight
[13:46:01] <NDW> 4 contracts
[13:46:39] <NDW> flat +10
[13:59:20] <t4npaper> short tf 1054.1
[14:00:26] <t4npaper> gold spike
[14:09:20] <t4npaper> exit 2/3 1053.8 +.3
[14:10:32] <t4npaper> exit rem 1053.4 +.7
[14:33:02] <NDW> short tf 1052.6 1 contract
[14:34:41] <NDW> double bottom in es & TF - watching for wrbhg in tf to form
[14:35:33] <NDW> flat at 0, didnt like the entry setup
[14:40:02] <t4npaper> oil gold and eminis dropping
[14:47:09] <@wrbtrader> Treasury 5-Year Notes Lead Gains as Summers Drops From Fed Race (Bloomberg) @ http://www.bloomberg.com/news/2013-09-1 ... taper.html
[14:57:55] <@wrbtrader> Shorts Emini TF @ 1052.60 -> small size
[14:58:11] <@wrbtrader> 3 contracts total
[15:10:54] <@wrbtrader> volatility slowly increasing in the Emini TF futures
[15:12:36] <TigermanTrader> hi all again
[15:15:03] <TigermanTrader> long ES 1692
[15:17:09] <TigermanTrader> vola contracting now
[15:17:22] <TigermanTrader> hope x up spike
[15:27:17] <TigermanTrader> exit es 1691.25 -3ticks
[15:27:37] <TigermanTrader> volatility is not here
[15:28:31] <@wrbtrader> Covered all Emini TF Short @ 1052.30 --> + 0.3
[15:38:37] <@wrbtrader> Shorts Emini TF @ 1050.90 -> small size
[15:38:47] <@wrbtrader> 1 contract
[15:39:10] <@wrbtrader> :(
[15:39:12] <@wrbtrader> geeesh
[15:40:07] <@wrbtrader> Shorts Emini TF @ 1051.50 -> Add
[15:40:18] <@wrbtrader> 3 added
[15:42:17] <TigermanTrader> short es 1690
[15:42:35] <TigermanTrader> intuition
[15:43:01] <@wrbtrader> Covered Emini TF Short @ 1051.00 --> + 0.4
[15:43:03] <@wrbtrader> Holding 1 contract remainder
[15:44:10] <@wrbtrader> Covered Remainder Emini TF Short @ 1050.60 --> + 0.3
[15:44:29] <TigermanTrader> exit es 1688.25 + 7 ticks
[15:44:30] <@wrbtrader> entry problems in back to back trades
[15:54:16] <@wrbtrader> Shorts Emini TF @ 1051.20 -> medium size
[15:54:21] <@wrbtrader> 2+2
[15:56:12] <@wrbtrader> volatility increasing in the Emini futures
[15:56:24] <TigermanTrader> short es 1689.75
[15:57:02] <@wrbtrader> 4pm est rush hour traffic...tightning stop/loss protection
[15:57:35] <@wrbtrader> :(
[15:58:18] <@wrbtrader> If Emini TF futures has not dropped by 1558pm est...statistic are that it will not :(
[15:59:10] <@wrbtrader> Covered all Emini TF Short @ 1051.40 --> - 0.2
[15:59:53] <NDW> have a nice evening all
[16:00:02] <@wrbtrader> Long Emini TF @ 1051.40 -> medium size
[16:00:12] <@wrbtrader> 4 contracts
[16:00:20] <TigermanTrader> exit es 1690.5 -3 tk
[16:00:52] <@wrbtrader> incredibly tight trading range into the 4pm est rush hour traffic :(
[16:01:06] <@wrbtrader> Most of them have been that way this year so far
[16:03:02] <@wrbtrader> Exited all Emini TF Long @ 1051.40 --> 0
[16:04:01] <@wrbtrader> very few WRB Hidden GAPs in the last hour of the regular trading session
[16:04:10] <@wrbtrader> in the Emini futures
[16:05:26] <@wrbtrader> Take care all and see all tomorrow
[16:05:34] <NDW> very few from 13:00 cst on in the TF or ES
[16:06:04] <TigermanTrader> take care all see next time
[18:09:16] * wrbtrader is now known as wrbtrader_away
Session Close: Mon Sep 16 20:24:35 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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