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 Post subject: September 24th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Sep 25, 2013 4:39 am 
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
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.

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

092413-Key-Price-Action-Markets.png [ 532 KiB | Viewed 127 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 24 09:23:05 2013
Session Ident: ##TheStrategyLab
[09:23:05] * Now talking in ##TheStrategyLab
[09:23:05] * 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'
[09:23:05] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:23:05] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:28:35] <Donnin_______> not seing much of pull back with this contraction es
[09:28:49] <Donnin_______> will prob spike
[09:28:55] <@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.
[09:31:26] <TigermanTrader> gm all
[09:56:20] <NDW> gm
[10:04:45] <TigermanTrader> short es 1690.25
[10:05:12] <TigermanTrader> exit ES at 1690 + 1tick
[10:05:28] <squiggles> TF 1000 to 1002 WRB HG following KME
[10:12:31] <TigermanTrader> short es 1690.5
[10:12:47] <TigermanTrader> downtrend seems continue
[10:13:07] <TigermanTrader> contracting now
[10:16:21] <TigermanTrader> exit 1/2 ES at 1689 +6 ticks
[10:17:41] <NDW> s 6 c. @1064.8 TF took 5 at +12, 1 trailing
[10:20:46] <TigermanTrader> exit remainder ES at 1688.5 +8 ticks
[10:21:02] <TigermanTrader> support show up
[10:22:12] <NDW> flat on last c. @ even
[10:29:52] <NDW> anybody aware of news to cause that spike?
[10:34:53] <TigermanTrader> long ES 1692
[10:35:38] <TigermanTrader> NDW... can be a late reaction to richmond index
[10:36:00] <TigermanTrader> or something I do not know till now
[10:37:18] <TigermanTrader> exit 1/2 ES at 1693.5 + 6 ticks
[10:37:38] <NDW> thanks
[10:39:48] <TigermanTrader> exit reaminder ES at 1693.75 +7ticks
[10:52:43] <TigermanTrader> long ES 1795.75
[10:52:56] <TigermanTrader> late entry due some disctraction here
[10:53:20] <TigermanTrader> correction 1695.75
[10:53:58] <TigermanTrader> exit 1/2 1696.5 +3 tk
[10:54:01] <NDW> l 6 ES 1695.25
[10:55:57] <NDW> exit 5 1696.75 +6, trailing 1
[10:58:28] <TigermanTrader> exit remainder ES at 1696.5 +3 tk
[11:06:59] <NDW> exit last c at 1697.75 + 10 ticks
[11:35:53] <TigermanTrader> take all see all next time
[11:36:08] <NDW> later
[13:45:41] <@wrbtrader> Good afternoon all...
[13:46:24] <@wrbtrader> I'm still bogged down with a ton of personal stuff to do with the family.
[13:47:05] <NDW> I was wondering where you were. No sling for me today, building up the muscle again.
[13:47:24] <@wrbtrader> I'm hoping to still be able to squeeze off 1 - 2 trades today.
[13:47:49] <NDW> The TF has had a huge run with hardly any pullbacks
[13:48:57] <@wrbtrader> Yeah, I just took a quick look at it charts...very impressing price movement upwards since the big WRB Hidden GAP on the 3min chart 1027am - 1030am est
[13:49:28] <@wrbtrader> Emini TF futures has been doing such lately more than usual the past month.
[13:50:05] <NDW> Yes, and the next two WRBHG's right after: 9:36 & 9:54 cst
[13:50:46] <NDW> Can I ask a ? about FVB in this forum?
[14:09:39] <@wrbtrader> Yes, you can ask anything in here involving FVB basic, WRB Analysis free study guide (chapters 1, 2 and 3)
[14:10:30] <NDW> I thought so, just wanted to make certain. Thanks. Do you have a valid V2 and V1 in the 3 min TF chart this morning?
[14:10:54] <NDW> 9:36 & 9:54
[14:15:11] <@wrbtrader> If that's Chicago time...yes, I have that
[14:15:39] <@wrbtrader> No...I don't have that
[14:15:46] <NDW> Yes, CST.
[14:15:48] <@wrbtrader> I was on the wrong chart
[14:16:31] <@wrbtrader> Your 9:36 on my chart is not a WRB HG.
[14:16:45] <@wrbtrader> In contrast, two intervals before that is a WRB HG
[14:18:43] <NDW> I was looking at the high/low, not the open/close for the size. 9:30 is a few ticks larger than 9:36
[14:19:09] <NDW> But there aren't enough green closes under the 9:30 to qualify that bar as V2, correct?
[14:20:47] <@wrbtrader> Hmmm...I have enough. Thus, we may have a little differences between our data providers
[14:21:44] <NDW> Okay, I only have 1 green bar and a doji under the 9:30 bar.
[14:22:14] <@wrbtrader> Here is a delay data link to something I see on my real-time data...
[14:22:18] <@wrbtrader> http://quotes.esignal.com/esignalprod// ... 21,221,221)&headerforeground=(102,102,102)&headerdatacolor=(0,1,125)&studyheaderbackground=(221,221,221)&showextendednames=true&random=4787
[14:23:11] <NDW> If 9:30 qualifies as V2 on your chart, does 9:54 count as the v1? Unable to open the link - get 403 error.
[14:23:11] <@wrbtrader> Does your data vendor correlate with that chart ?
[14:23:50] <NDW> I am using TradeStation
[14:28:25] <NDW> s 1078.3 TF small 2 contracts
[14:30:08] <NDW> wrb pt1 reached
[14:31:19] <NDW> more talks on debt ceiling and cr taking place
[14:39:42] <@wrbtrader> Gold suffers three session loss of almost 4% (MarketWatch) @ http://www.marketwatch.com/story/gold-h ... 2013-09-24
[14:45:52] <NDW> flat TF
[14:45:57] <NDW> +2 ticks
[15:33:22] <NDW> s TF 1075.5 2 contracts
[15:38:19] <NDW> cover 1074.2, +13
[15:48:29] <@wrbtrader> Shorts Emini ES @ 1691.75 -> large size
[15:48:41] <@wrbtrader> 15 contracts
[15:54:37] <@wrbtrader> Covered 1/3 Emini ES Short @ 1690.75 --> + 1
[15:54:55] <@wrbtrader> Covered 1/3 Emini ES Short @ 1690.75 --> + 1
[15:55:05] <NDW> wish it would break for you
[15:55:28] <@wrbtrader> WRB pt1
[15:58:50] <@wrbtrader> Covered Remainder Emini ES Short @ 1689.75 --> + 2
[15:59:14] <NDW> good trade - see you tomorrow
[15:59:20] <@wrbtrader> WRB pt2 reached
[16:03:21] <@wrbtrader> Take care and see all tomorrow
[16:37:39] * [1]r33gmd is now known as r33gmd
[16:44:17] * NDW is now known as NDWaway
[16:46:06] * [1]r33gmd is now known as r33gmd
[17:09:16] * [1]r33gmd is now known as r33gmd
Session Close: Tue Sep 24 18:18:28 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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