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 Post subject: October 2nd Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Oct 03, 2013 8:08 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)
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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:
100213-Key-Price-Action-Markets.png
100213-Key-Price-Action-Markets.png [ 537.81 KiB | Viewed 225 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: Wed Oct 02 09:08:59 2013
Session Ident: ##TheStrategyLab
[09:08:59] * Now talking in ##TheStrategyLab
[09:08:59] * 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'
[09:08:59] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:08:59] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:28:29] <TigermanTrader> gm all
[09:28:37] <jessel___> GM
[09:30:06] <TigermanTrader> big open gap today
[09:38:03] <jessel___> Getting a strong price continuation down on the 2 min oil chart but still developing
[09:41:39] <TigermanTrader> short cl 101.55
[09:41:44] <TigermanTrader> small
[09:45:11] <TigermanTrader> exit cl @ 101.55 :(
[09:45:34] <TigermanTrader> not continued his down run
[09:46:51] <NDW> Petroleum Status Report 10:30 ET
[09:47:30] <TigermanTrader> yeah that shouls shake oil
[09:48:04] <canaandog> good morning
[09:48:36] <NDW> filled up truck at $3.02 in Texas this morning
[09:49:14] <TigermanTrader> 3$ at gallon right?
[09:49:33] <NDW> yes, the $101.xx oil is helping lower the price
[09:50:23] <TigermanTrader> here 2.5$
[09:50:41] <TigermanTrader> but not at gallon x liter :)
[09:51:08] <TigermanTrader> so do the math is 10$ at gallon :(
[09:51:14] <NDW> slightly higher..... like 400%
[09:51:21] <jessel___> oh that is why. I thought that was real cheap
[09:51:29] <TigermanTrader> yeah here in europe
[09:51:35] <jessel___> ok
[09:51:51] <jessel___> $3.69 here in NY
[09:51:51] <wrbtrader> Markets look tired
[09:51:59] <TigermanTrader> yeah I sargasm on my side
[09:52:19] <TigermanTrader> simply many things are very cheap in US
[09:52:35] <NDW> yes, they are much cheaper. no VAT, for now
[09:53:22] <TigermanTrader> thats a great edge us citizen have
[09:53:31] <NDW> for now.....
[09:54:04] <TigermanTrader> yeah but consider from a young how much one can save ..
[09:54:35] <TigermanTrader> in contrast health seems very expensive outhere
[09:54:44] <NDW> i agree with you
[09:55:03] <NDW> we are having a huge healthcare debate in american right now
[09:55:12] <TigermanTrader> yep
[09:55:27] <NDW> when people start paying the bill for healthcare, i think there will be some surprised reactions
[09:58:08] <TigermanTrader> no price action worth right now
[09:59:48] <canaandog> oil making move
[10:00:11] <kristi39_> GC vol spike also
[10:03:37] <kristi39_> wrbhg on both gc and cl just confirmed on 3 min
[10:05:53] <kristi39_> looks like that was the biggest one since markets opened today
[10:07:44] <TigermanTrader> lg cl 101.38
[10:07:46] <kristi39_> vol contracting now on gc and cl
[10:08:11] <TigermanTrader> correction lg cl 102.38
[10:08:57] <TigermanTrader> exit 1/2 cl @ 102.42
[10:09:48] <TigermanTrader> exit all cl 102.39 +1 tk
[10:13:33] <TigermanTrader> long cl 102.43
[10:13:45] <TigermanTrader> exit all cl at 101.45
[10:14:11] <NDW> S TF 1073.9 6 C
[10:15:34] <TigermanTrader> now cl done the first wrb pt1 I was not able to catch
[10:15:43] <TigermanTrader> due impatience
[10:22:08] <TigermanTrader> lg cl 102.53
[10:23:03] <TigermanTrader> exit cl all 102.59 +6tk
[10:25:03] <NDW> stopped TF -20 ticks
[10:26:27] <canaandog> oil kme 1030
[10:26:38] <TigermanTrader> now wrb pt1 in CL on my trade
[10:26:56] <TigermanTrader> simply exiting early I miss 10 ticks more
[10:27:53] <TigermanTrader> gold running up
[10:28:44] <wrbtrader> Long Gold GC @ 1318.30 -> medium size
[10:28:52] <wrbtrader> 4 contracts
[10:33:38] <wrbtrader> Exited all Gold GC Long @ 1322.80 --> + 4.5
[10:33:56] <wrbtrader> early exit because its jumping all over the place
[10:34:22] <TigermanTrader> yeah gold shake a lot
[10:35:52] <jessel___> nice trade though
[10:37:05] <NDW> reviewing entry signals, trade error on my part - lack of discipline
[10:42:01] <TigermanTrader> lg cl 102.95
[10:42:16] <TigermanTrader> exit cl 102.98 +2tk
[10:42:53] <TigermanTrader> correction + 3ticks
[10:43:11] <TigermanTrader> another early exit diu to impatience :)
[10:47:08] <TigermanTrader> long ES 1676.25
[10:47:27] <TigermanTrader> bottom forming
[10:57:13] <TigermanTrader> hello am I connect?
[10:57:14] <TigermanTrader> server disconnected me before
[10:57:19] <jessel___> yes
[10:57:26] <TigermanTrader> ok thanks
[10:57:32] <TigermanTrader> I retype:
[10:57:37] <TigermanTrader> long ES 1676.25
[10:57:45] <jessel___> nice trade so far
[10:58:33] <TigermanTrader> exit 1/2 ES 1678.25 +8 tk
[10:58:34] <TigermanTrader> I try milk more
[11:00:37] <wrbtrader> Emini TF futures back inside that volatility contraction range we saw between 0930am - 1000am est
[11:00:40] <wrbtrader> :(
[11:01:43] <TigermanTrader> exit remainder ES 1678 +7 tk
[11:01:55] <TigermanTrader> nothing to milk here
[11:02:04] <TigermanTrader> anyway I lost patience
[11:02:17] <TigermanTrader> spike on CL now
[11:05:49] <TigermanTrader> lg CL 103.19
[11:06:53] <TigermanTrader> exit CL 103.27
[11:07:02] <TigermanTrader> +8 tk
[11:13:27] <TigermanTrader> lg es 1678.5
[11:15:11] <TigermanTrader> exit es all 1679 +2 tk intuition
[11:16:00] <wrbtrader> Long Emini ES @ 1679.50 -> small size
[11:16:06] <wrbtrader> 5 contracts
[11:16:36] <wrbtrader> WRB pt1 reached
[11:16:55] <wrbtrader> Exited all Emini ES Long @ 1680.25 --> + 0.75
[11:19:12] <NDW> L TF 1078.9 6 c.
[11:21:06] <NDW> taken out on snap back + 5 ticks TF 6 c.
[11:23:40] <NDW> followed my rules that time, no rookie mistakes
[11:31:30] <wrbtrader> Long Emini ES @ 1681.50 -> small size
[11:31:59] <wrbtrader> ouuuch
[11:32:09] <wrbtrader> didn't see it as a chaser until after entry
[11:32:43] <wrbtrader> WRB pt1 reached based upon the entry I should have had
[11:33:02] <wrbtrader> Exited all Emini ES Long @ 1682.00 --> + 0.5
[11:39:30] <squiggles> TF, YM, ES, Stox50, DAX 2m charts all in lock step pattern since 1000 hrs
[11:43:36] <TigermanTrader> sh ES 1680
[11:49:18] <TigermanTrader> exit es 1680.75 - 3tk
[12:00:48] <TigermanTrader> Sh ES 1682 re-ente
[12:06:33] <NDW> L TF 1079.6 6 c
[12:06:40] <TigermanTrader> exit es 1682.75 - 3tk
[12:11:57] <TigermanTrader> lg es 1683.5
[12:12:37] <NDW> stopped @ even :(
[12:14:29] <NDW> volatility slowed down
[12:19:23] <TigermanTrader> exit es 1684.25 + 3tk
[12:20:18] <TigermanTrader> take care all see next time
[12:20:42] <jessel___> OK you to
[12:21:52] <NDW> adios
[12:38:00] <wrbtrader> Here comes a ghoulish October (MarketWatch) @ http://www.marketwatch.com/story/here-c ... 2013-10-02
[12:38:09] <wrbtrader> a little Market Context info
[12:38:53] <wrbtrader> Also, here's why I concentrated on Gold GC futures today...
[12:39:13] <wrbtrader> Gold jumps 2.3% on some safe-haven love (MarketWatch) @ http://www.marketwatch.com/story/gold-r ... atest_news
[12:40:01] <@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.
[12:49:47] * NDW is now known as NDW_lunch
[12:56:27] <jessel___> With all the dis function going on in Wash looks like we could have a ghoulish Oct like in the past years
[13:23:08] <jessel___> Long CL 104.1 1 contract
[13:24:52] <jessel___> out with -0.8 tic loss
[13:27:58] <NDW_lunch> L TF 1085.5 6 c.
[13:28:11] <NDW_lunch> correction 1081.50
[13:28:17] * NDW_lunch is now known as NDW
[13:32:51] <NDW> exit on stop +5 ticks TF 6 c.
[13:32:59] <NDW> no follow through today so far
[14:30:11] <John__> T
[14:30:30] <John__> test..thank you
[15:03:24] <jessel___> TF 3 min has strong price continuation and WRB HG at 14:39
[15:04:06] <jessel___> C2 confirmed a trade signal short
[15:05:24] <NDW> Jessel: Are you labeling V2 as 12:54 - 12:57 CST?
[15:29:37] <jessel___> Sorry I just got back. Yes that is V2
[15:33:54] <NDW> L TF 1079.7 6 c.
[15:48:26] <NDW> :(
[15:48:57] <TigermanTrader> sh es 1683.5
[15:49:01] <NDW> didn't notice the time when trade was taken. late in the day for me
[15:50:15] <TigermanTrader> exit es 1683 +2tk
[15:50:17] <NDW> on unfilled opening gap day, expect a tick flush late in the last hour and then fade it
[16:00:02] <tigerboy> hello
[16:00:12] <tigerboy> do you see me ?
[16:00:19] <jessel___> yes
[16:00:35] <tigerboy> ok thanks I m tigerman
[16:00:47] <tigerboy> some issue on chat server
[16:01:21] <tigerboy> I repost
[16:01:22] <jessel___> not that I know. Not much activity in the room except for morning
[16:01:55] <tigerboy> long ES 1686
[16:02:13] <NDW> -14 ticks, Tf didn't follow ES into the close. rough day
[16:02:35] <tigerboy> exit ES @ 1686.75 + 3tk
[16:02:57] <tigerboy> yesp very unsync
[16:09:03] <NDW> see all tomorrow
[16:09:16] <jessel___> see you
[16:16:34] * NDW is now known as NDWaway
[16:16:55] <tigerboy> take care see all next time
Session Close: Wed Oct 02 21:07:36 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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