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 Post subject: October 31st Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Oct 31, 2013 12:25 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2146
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:
103113-Key-Price-Action-Markets.png
103113-Key-Price-Action-Markets.png [ 526.1 KiB | Viewed 111 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: Thu Oct 31 09:26:50 2013
Session Ident: ##TheStrategyLab
[09:26:50] * Now talking in ##TheStrategyLab
[09:26:50] * 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'
[09:26:50] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:26:51] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:29:49] <NDW> good morning all
[09:31:07] <NDW> Chicago PMI 8:45 cst
[09:31:59] <TigermanTrader> gm all
[09:32:31] <TigermanTrader> today halloween
[09:34:31] <TigermanTrader> sh ES 1757
[09:37:11] <TigermanTrader> exit 1/2 es 1756.25
[09:37:17] <TigermanTrader> +3tk
[09:37:58] <TigermanTrader> exit remainder es 1756.5 +2tk
[09:38:26] <TigermanTrader> meanwhile nice spike on Cl
[09:41:03] <TigermanTrader> overall volatility is very low
[09:41:46] <TigermanTrader> buyers join now in ES
[09:44:52] <TigermanTrader> lg ES 1759.5
[09:45:59] <TigermanTrader> exit 1/2 es 1760 +2tk
[09:46:55] <wrbtrader> Long Emini ES futures @ 1761.00 large size 10 contracts
[09:48:42] <wrbtrader> Long Emini TF @ 1105.40 -> medium size
[09:48:50] <wrbtrader> 4 contracts
[09:49:41] <TigermanTrader> exit remainder es 1760.25 +3tk
[09:49:58] <wrbtrader> Exited all Emini TF Long @ 1104.40 --> - 1
[09:50:26] <TigermanTrader> miss an higher better exit near 1761.5
[09:51:23] <TigermanTrader> sell pressure seems slowering
[09:52:45] <wrbtrader> Exit all Emini ES futures @ 1758.00 - 3.00
[09:53:33] <wrbtrader> Short Emini ES futures @ 1757.75 @ 20 contracts
[09:53:52] <TigermanTrader> sh ES 1757.25
[09:54:12] <wrbtrader> Shorts Emini TF @ 1101.90 -> medium size
[09:54:20] <wrbtrader> 4 contracts
[09:55:35] <wrbtrader> Covered all Emini TF Short @ 1099.40 --> + 2.5
[09:55:37] <TigermanTrader> exit 1/2 es 1756.25 +4tk
[09:56:59] <wrbtrader> Exit all Emini ES futures @ 1753.50 + 4.25
[09:57:55] <TigermanTrader> exit 1/2 es 1754.25 +12tk
[10:01:14] <wrbtrader> Shorts Emini ES @ 1753.50 -> large size
[10:01:25] <wrbtrader> 25 contracts
[10:03:49] <wrbtrader> Covered all Emini ES Short @ 1753.25 --> + 0.25
[10:04:42] <TigermanTrader> exit remainder es 1753.25 +16tk
[10:05:09] <TigermanTrader> some volatility at last :)
[10:05:30] <wrbtrader> Shorts Emini ES @ 1753.25 -> large size
[10:05:36] <wrbtrader> re-entry
[10:05:44] <wrbtrader> 25 contracts
[10:07:19] <wrbtrader> noticing more contraction in the volatility
[10:08:54] <wrbtrader> Covered all Emini ES Short @ 1752.00 --> + 1.25
[10:09:04] <wrbtrader> WRB pt1 reached
[10:10:55] <TigermanTrader> sh ES 1753
[10:11:24] <wrbtrader> Reminder - Yesterday's key S area involving that big Down WRB Hidden GAP was 1756.00 for the Emini ES futures and 1104.10 for the Emini TF futures
[10:13:06] <TigermanTrader> exit 1/2 es 1752 +4tk
[10:13:48] <TigermanTrader> exit remainder es 1752.75 +1tk
[10:15:15] <wrbtrader> Welcome back Sidhartha...its been a long time since you were away.
[10:15:28] <TigermanTrader> yeah hi sid
[10:15:41] <TigermanTrader> but seems connection not so good
[10:16:32] <wrbtrader> If I remember correctly, he had prior connection problems too before disappearing a long time ago
[10:17:38] <TigermanTrader> sell pressure is still strong
[10:18:31] <wrbtrader> Shorts Emini ES @ 1753.75 -> large size
[10:18:38] <TigermanTrader> sh es 1753.75
[10:18:39] <wrbtrader> 10 contracts
[10:18:57] <wrbtrader> more volatility contraction...reason why I've lowered my position size
[10:19:58] <TigermanTrader> exit 1/2 es 1753.5 +1tk
[10:20:40] <wrbtrader> Light Crude Oil CL futures and Gold GC futures low volatility too
[10:21:41] <@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.
[10:23:48] <@wrbtrader> Euro Slides on Inflation; Bonds Gain, S&P 500 Fluctuates (Bloomberg) @ http://www.bloomberg.com/news/2013-10-3 ... lines.html
[10:25:05] <TigermanTrader> exit remainder es 1752 +7tk
[10:31:25] <@wrbtrader> Covered all Emini ES Short @ 1752.75 --> + 1
[10:31:51] <@wrbtrader> early exit...not WRB pt1
[10:32:17] <@wrbtrader> I just got tired of watching this bouncing up in down in a low volatility tight trading range since the initial sell off
[10:33:27] <TigermanTrader> price try su create some support
[10:33:51] <TigermanTrader> but still strong sell pressure
[10:34:02] <TigermanTrader> Cl spike
[10:34:13] <TigermanTrader> wanna short before but not so confident
[10:34:23] <TigermanTrader> news related
[10:36:27] <@wrbtrader> U.S. Stocks Drop on Fed Stimulus Speculation, Earnings (Bloomberg) @ http://www.bloomberg.com/news/2013-10-3 ... rises.html
[10:37:14] <TigermanTrader> sh es 1751.25
[10:39:04] <TigermanTrader> sh 1751.75 add
[10:39:15] <TigermanTrader> try new way to enter
[10:39:20] <TigermanTrader> small size
[10:40:16] <TigermanTrader> exit 1/2 1751 + 1tk close first entry
[10:43:08] <TigermanTrader> exit remainder 1751.75 + 0tk close second entry
[10:49:22] <@wrbtrader> Emini futures back inside that prior difficult low volatility tight trading range
[10:58:19] <@wrbtrader> Key markets seem to have fallen asleep :(
[10:59:10] <TigermanTrader> nq seems wake up a bit
[11:02:03] <@wrbtrader> Long Emini TF @ 1098.40 -> small size
[11:02:04] <TigermanTrader> lg es 1755
[11:02:19] <@wrbtrader> 1 + 1 contracts
[11:05:30] <TigermanTrader> exit 1/2 1755.5 + 2tk
[11:07:02] <TigermanTrader> exit 1/2 1754.75 -1tk
[11:07:36] <TigermanTrader> it was a remainder my exit above
[11:11:55] <@wrbtrader> WRB pt1 shallow reached
[11:12:32] <@wrbtrader> Exited all Emini TF Long @ 1098.90 --> + 0.5
[11:14:08] <@wrbtrader> Take care all, I'm done for the day...gotta go to a big Halloween play and party
[11:15:47] <TigermanTrader> good halloween :)
[11:16:01] <NDW> Boo!
[11:22:50] <@wrbtrader> http://www.youtube.com/watch?v=0WjDrQ0IhBw
[11:27:05] <NDW> Ha, good one.
[11:45:59] <TigermanTrader> take care all see all next time
Stocks End A Winning October With A Thud @ http://money.cnn.com/2013/10/31/investing/stocks-markets
Session Closed

-------------------------

##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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