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 Post subject: October 1st Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Oct 01, 2013 11:25 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
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:
100113-Key-Price-Action-Markets.png
100113-Key-Price-Action-Markets.png [ 529.48 KiB | Viewed 275 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 Oct 01 09:18:20 2013
Session Ident: ##TheStrategyLab
[09:18:20] * Now talking in ##TheStrategyLab
[09:18:20] * 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'
[09:18:20] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:18:20] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:25] <canaandog> good morning
[09:31:34] <TigermanTrader> gm all
[09:31:39] <jessel__> good morning
[09:32:09] <NDW> gm
[09:38:42] <TigermanTrader> lg es 1680.25
[09:39:00] <TigermanTrader> exit es 1/2 1681
[09:39:22] <TigermanTrader> exit es all 1681.75
[09:41:05] <TigermanTrader> lot resistence here
[09:42:40] <TigermanTrader> lg es 1681
[09:44:01] <TigermanTrader> exit es 1681.5 +2tk
[09:47:36] <@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.
[09:48:52] <@wrbtrader> MarketWatch probably has the best coverage of the Shutdown in U.S. impacts on global markets @ http://www.marketwatch.com/
[09:50:27] <@wrbtrader> I heard but not for sure that the shutdown will also shutdown aspects of the internet passing through the U.S.
[09:50:59] <NDW> L TF @ 1075.6, cover 1077.0 6 c. +14 ticks
[09:51:01] <TigermanTrader> ym not in syn today
[09:51:17] <TigermanTrader> sync
[09:51:32] <squiggles> What - those parts that are intercepted by the security agencies ?
[09:51:39] <NDW> ISM Mfg Index in 8 minutes
[09:52:50] <canaandog> kme @1000
[09:55:49] <jessel__> Looks like a swing point on 3 min ES at 9:33 and down into the WRB zone
[09:57:11] <jessel__> looking for C2 signal
[10:01:07] <@wrbtrader> Shorts Emini ES @ 1678.50 -> large size
[10:01:20] <@wrbtrader> 25 contracts
[10:02:38] <@wrbtrader> chop chop and more chop :(
[10:04:25] <@wrbtrader> Covered all Emini ES Short @ 1679.75 --> - 1.25
[10:04:47] <@wrbtrader> another speech on TV about another vote fail
[10:05:18] <jessel__> this market will be news driven all day
[10:07:02] <@wrbtrader> Shorts Emini ES @ 1680.50 -> large size
[10:07:11] <@wrbtrader> jessel...strongly agree
[10:07:39] <@wrbtrader> could turn out to be a trading day best watched from the sidelines
[10:07:58] <@wrbtrader> 25 contracts
[10:08:43] <TigermanTrader> short es 1680.25
[10:08:46] <@wrbtrader> Covered all Emini ES Short @ 1681.00 --> - 0.5
[10:09:02] <TigermanTrader> exit es 1681.25 -4tk :(
[10:09:43] <@wrbtrader> volatility declining fast across the board
[10:09:54] <@wrbtrader> I'm now expecting a voaltility spike
[10:10:01] <squiggles> .0.
[10:10:21] <TigermanTrader> lg 1680.75 es
[10:11:38] <TigermanTrader> exit es 1681.5 +3tk
[10:12:03] <@wrbtrader> Shorts Emini ES @ 1681.00 -> large size
[10:12:17] <@wrbtrader> 25 contracts re-entry
[10:14:10] <TigermanTrader> sh 1680.5 es
[10:14:35] <TigermanTrader> exit 1/2 1680 + 2tk
[10:14:51] <TigermanTrader> exit all es 1679 +6tk
[10:15:39] <@wrbtrader> WRB pt1 reached
[10:15:45] <kristi39_> nice wrbhg on es just confirmed on 2 min
[10:15:47] <@wrbtrader> WRB Hidden GAP pt1 reached
[10:16:13] <@wrbtrader> Covered all Emini ES Short @ 1679.25 --> + 1.75
[10:16:37] <@wrbtrader> I'm just churning so far...getting nowhere
[10:16:44] <@wrbtrader> sideline...will just watch awhile
[10:17:06] <jessel__> wbtrader, what time frame are you trading the ES?
[10:17:15] <kristi39_> too much news going on to mess things up with shutdown
[10:18:01] <@wrbtrader> jessl...trades today via 2min, 3min and 5min chart
[10:18:08] <@wrbtrader> last trade via the 2min
[10:18:14] <jessel__> thanks
[10:21:01] <kristi39_> volatility spiking
[10:21:06] <kristi39_> on all the indices
[10:28:42] <Donnin_________> i believe chap 5
[10:28:42] <Donnin_________> .
[10:28:44] * Donnin_________ is now known as Donnin________
[10:32:12] <@wrbtrader> Long Emini ES @ 1684.75 -> large size
[10:32:23] <@wrbtrader> 10 contracts
[10:32:30] <TigermanTrader> lg es 1684.5
[10:32:36] <@wrbtrader> volatility increasing
[10:32:54] <TigermanTrader> exit es 1685.5
[10:33:20] <@wrbtrader> lower position size because of the prior CHOP I got caught inside
[10:33:44] <TigermanTrader> my exit on wrb pt1
[10:34:05] <@wrbtrader> WRB pt1 reached
[10:34:30] <@wrbtrader> will give this a little more time to see if volatility can hold
[10:35:20] <@wrbtrader> Exited all Emini ES Long @ 1686.25 --> + 1.5
[10:40:21] <@wrbtrader> Long Emini ES @ 1686.25 -> large size
[10:40:29] <@wrbtrader> 10 contracts
[10:48:16] <@wrbtrader> volatility has come to a crawl
[10:56:53] <@wrbtrader> WRB pt1 (shallow) reached
[10:57:27] <@wrbtrader> Exited all Emini ES Long @ 1687.50 --> + 1.25
[10:58:15] <@wrbtrader> I almost went to the sidelines and exited that trade at breakeven when it suddenly spiked
[11:00:27] <jessel__> Nice trade
[11:02:19] <NDW> The TF is in thin air at this level
[11:09:02] <@wrbtrader> Shutdown day arrives for markets. What happens now? (MarketWatch) @ http://blogs.marketwatch.com/thetell/20 ... atest_news
[11:24:39] <@wrbtrader> Long Emini TF @ 1081.80 -> small size
[11:24:47] <@wrbtrader> 2 contracts
[11:28:05] <@wrbtrader> Exited all Emini TF Long @ 1081.50 --> - 0.3
[11:34:35] <@wrbtrader> Long Emini TF @ 1091.80 -> small size
[11:34:43] <@wrbtrader> 2 contracts re-entry
[11:38:48] <TigermanTrader> take care see all later...
[11:39:26] <jessel__> Was that 1081.80 and not 1091.8 entry?
[11:39:43] <@wrbtrader> yep...just a typo
[11:40:04] <jessel__> nice trade
[11:46:53] <@wrbtrader> Exited all Emini TF futures @ 1083.50 -> + 1.70
[11:47:18] <t4npaper> early?
[11:48:20] <@wrbtrader> Yes
[11:49:03] <t4npaper> Oil snapping back
[11:50:23] <@wrbtrader> WRB pt1 was reached @ 1083.40
[11:50:33] <@wrbtrader> my goal of the trade was WRB pt2
[11:50:59] <t4npaper> oh ok
[12:19:26] <NDW> Just received notice from the CFTC that they are shut down, and except for emergencies, no oversight on futures markets right now
[12:49:15] <t4npaper> silver popping
[13:20:29] <@wrbtrader> Pres. Obama speaking live on TV about the Shutdown
[13:21:10] <@wrbtrader> He's done now
[13:26:10] <NDW> I think it was an infomercial he did for Obamacare.
[13:27:35] <NDW> The eminis have gone into hibernation
[14:03:15] <@wrbtrader> I think the market is getting tired of today's Market Context (Obamacare and Government Shutdown)...
[14:03:26] <@wrbtrader> Next week it'll be the Debt Ceiling :(
[14:04:11] <NDW> Yes, this week was the preview, next week is the big show.
[14:04:21] <@wrbtrader> Meant I now think the market is getting tired as shown by the volatility contraction in many key markets except for Crude Oil futures most recent volatility spike.
[14:04:28] <@wrbtrader> Yeah, next week is big
[14:04:39] <jessel__> Fun times ahead. :-(
[14:25:34] <@wrbtrader> Shorts Emini ES @ 1684.25 -> large size
[14:25:43] <@wrbtrader> 10 contracts
[14:26:18] <@wrbtrader> volatility increasing in Emini ES futures
[14:37:46] <jessel__> looks like strong price continuation on the 3 min ES chart
[14:38:23] <@wrbtrader> WRB pt1 (shallow) reached
[14:38:44] <@wrbtrader> Covered all Emini ES Short @ 1683.75 --> + 0.5
[14:45:09] <@wrbtrader> Shorts Emini ES @ 1683.75 -> large size
[14:45:17] <@wrbtrader> re-entry
[14:45:21] <@wrbtrader> 15 contracts
[14:51:43] <@wrbtrader> increasing volatility
[14:51:55] <@wrbtrader> in Emini ES futures
[14:52:17] <@wrbtrader> now in Emini TF futures too
[14:52:40] <@wrbtrader> Gold GC futures now trying to move higher
[14:58:31] <@wrbtrader> Covered all Emini ES Short @ 1685.25 --> - 1.5
[15:00:38] <@wrbtrader> Shorts Emini ES @ 1684.00 -> large size
[15:00:46] <@wrbtrader> 25 contracts
[15:01:11] <@wrbtrader> re-entry
[15:02:40] <TigermanTrader> sh es 1684
[15:02:49] <TigermanTrader> hi agin
[15:02:55] <TigermanTrader> again
[15:04:04] <@wrbtrader> :(
[15:04:24] <@wrbtrader> snap back
[15:04:30] <@wrbtrader> but very slow
[15:05:34] <TigermanTrader> exit es 1684 breakeven
[15:05:52] <TigermanTrader> no have patience right now
[15:07:54] <@wrbtrader> WRB pt1 (shallow) reached :(
[15:07:59] <TigermanTrader> wrb pt1 reached now
[15:08:07] <@wrbtrader> back down into the low area of the contraction volatility
[15:08:16] <TigermanTrader> but without me :(
[15:08:20] <@wrbtrader> finally broken :)
[15:08:27] <TigermanTrader> yep
[15:09:11] <@wrbtrader> another snap back
[15:09:14] <@wrbtrader> geeesh :(
[15:10:14] <@wrbtrader> Covered all Emini ES Short @ 1683.75 --> + 0.25
[15:10:15] <NDW> brutal trading environment
[15:11:32] <@wrbtrader> Shorts Emini ES @ 1683.75 -> large size
[15:11:42] <@wrbtrader> 10+10 contracts
[15:11:46] <@wrbtrader> re-entry
[15:12:07] <@wrbtrader> Emini TF futures once again trying to do its independent superman act :(
[15:12:57] <NDW> they aren't working together for certain
[15:13:44] <@wrbtrader> Yeah, the Eminis not insync the past 30 days of trading has been very frustrating
[15:14:11] <NDW> when they are working together is the exception not the rule recently
[15:17:47] <@wrbtrader> Covered all Emini ES Short @ 1683.50 --> + 0.25
[15:17:56] <@wrbtrader> :(
[15:18:46] <@wrbtrader> I'm shorting lower and lower :(
[15:19:40] <t4npaper> i did that last week,
[15:19:49] <t4npaper> killer
[15:20:03] <@wrbtrader> Shorts Emini ES @ 1684.00 -> large size
[15:20:17] <NDW> I am going to start calling you tin cup after Kevin Costner in the golf movie
[15:20:25] <@wrbtrader> 5+10+5 contract
[15:20:50] <@wrbtrader> broke the trend of shorting lower...lets see if it pays off
[15:21:19] <@wrbtrader> re-entry trade
[15:21:27] <@wrbtrader> WRB pt1 reached
[15:22:06] <@wrbtrader> snap back again...
[15:22:10] <@wrbtrader> neverending :(
[15:22:29] <NDW> i admire your tenacity
[15:22:47] <@wrbtrader> Feels like the price action is on a leash
[15:23:17] <@wrbtrader> somebody gives it a good tug and the dog comes running back
[15:23:18] <NDW> stuck between 84.50 and 82.50
[15:27:03] <@wrbtrader> Covered all Emini ES Short @ 1683.25 --> + 0.75
[15:27:18] <@wrbtrader> early exit
[15:27:27] <@wrbtrader> first one in these most recent shorts
[15:27:42] <@wrbtrader> the shorts in prior were all stop hits
[15:27:59] <@wrbtrader> I'm hoping for a higher re-entry price
[15:30:11] <@wrbtrader> still waiting for Emini TF futures to do its snap upwards superman act
[15:30:31] <@wrbtrader> its doing now
[15:32:53] <t4npaper> I'm starting off this month in deep red
[15:32:54] <t4npaper> sucks
[15:33:21] <TigermanTrader> very difficult trade conditions
[15:35:56] <@wrbtrader> wow...Emini TF
[15:36:14] <jessel__> superman for sure
[15:36:19] <TigermanTrader> superman thing :)
[15:36:31] <@wrbtrader> Shorts Emini ES @ 1684.75 -> large size
[15:37:03] <@wrbtrader> 10 contracts
[15:37:19] <@wrbtrader> that volatility spike in Emini TF futures was a little spooky
[15:37:28] <@wrbtrader> reason why I lowered my position size in Emini ES futures
[15:38:32] <@wrbtrader> Covered all Emini ES Short @ 1685.25 --> - 0.5
[15:39:18] <@wrbtrader> Shorts Emini ES @ 1684.75 -> large size
[15:39:45] <@wrbtrader> 10 contracts re-entry
[15:40:22] <@wrbtrader> Emini TF a good distance above the range of its most recent volatility contraction
[15:44:29] <@wrbtrader> Covered all Emini ES Short @ 1684.75 --> 0
[15:44:47] <@wrbtrader> early exit
[15:45:00] <@wrbtrader> finally lost my patience
[15:45:22] <@wrbtrader> perfect timing too :(
[15:45:44] <NDW> sorry champ, you were way more patient than i would have been
[15:49:18] <@wrbtrader> The start of the 1550pm - 1600pm est (4pm est rush hour traffic) is almost here
[15:50:12] <jessel__> Is that a good time to stay out of the market?
[15:50:38] <NDW> depends, WRB likes it - does pretty well into the close
[15:51:09] <jessel__> thanks
[15:52:13] <@wrbtrader> Many years ago the 4pm rush hour traffic (an intraday market tendency) was 75% of my profits...it was a money machine for about 10 year until around 2001...slowly drying up ever since the dot.com days collapse
[15:52:21] <@wrbtrader> market dynamics begin to change
[15:52:38] <@wrbtrader> beens worst ever since
[15:52:51] <jessel__> Wow. Never knew it was so good at one time
[15:53:14] <@wrbtrader> Yeah...some edges don't last long or begin to deterioate (less trade opportunities and/or less profits)
[15:53:51] <@wrbtrader> Long Emini ES @ 1685.00 -> large size
[15:54:01] <@wrbtrader> 10 contracts
[15:54:31] <@wrbtrader> will try to ride the coat tail of Emini TF futures because its trying hard to do a superman price movement
[15:55:18] <@wrbtrader> Long Emini TF futures @ 1082.10 medium size 4 contracts
[15:55:32] <@wrbtrader> one of these gotta move
[15:55:49] <@wrbtrader> Emini TF futures WRB pt1 (shallow) reached
[15:56:54] <@wrbtrader> Exit all Emini TF futures @ 1082.80 +0.70
[15:57:00] <jessel__> Very nice. I see what you mean
[15:59:44] <@wrbtrader> Exited all Emini ES Long @ 1688.00 --> + 3
[15:59:59] <@wrbtrader> geeesh
[16:00:16] <TigermanTrader> yeah money machine again :)
[16:00:36] <TigermanTrader> and continue go up
[16:00:46] <NDW> great call on the close
[16:01:37] <jessel__> great trades
[16:03:05] <TigermanTrader> take care all see all tomorrow
[16:04:11] <@wrbtrader> I'm gone too. See all tomorrow
[16:05:50] <jessel__> bye all
Session Close: Tue Oct 01 20:33:21 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 Québec, 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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