Login    Forum    Search    FAQ



Post new topic Reply to topic Bookmark and Share  [ 1 post ] 
Author Message
 Post subject: October 9th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Oct 10, 2013 6:29 am 
Offline
Trader / Forum Admin

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:
100913-Key-Price-Action-Markets.png
100913-Key-Price-Action-Markets.png [ 531.81 KiB | Viewed 264 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 09 07:34:00 2013
Session Ident: ##TheStrategyLab
[07:34:00] * Now talking in ##TheStrategyLab
[07:34:00] * 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'
[07:34:00] * Set by wrbtrader on Tue Feb 05 08:11:19
[07:34:00] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:09:18] <squiggles> KME's 1000; 1030; 1301; 1400; 1500 hrs
[09:30:37] <wrbtrader> Good morning all...just got back home just in time
[09:31:48] <NDW> gm
[09:35:07] <wrbtrader> Shorts Emini ES @ 1650.75 -> large size
[09:35:41] <wrbtrader> 10 contracts
[09:35:46] <wrbtrader> :(
[09:35:52] <wrbtrader> bad entry
[09:36:02] <wrbtrader> looking for a Houdini Escape out of this trade
[09:36:05] <NDW> S TF 1046.2
[09:37:02] <TigermanTrader> sh es 1650.75
[09:37:12] <TigermanTrader> exir 1651.5
[09:37:28] <wrbtrader> Covered all Emini ES Short @ 1651.50 --> - 0.75
[09:37:32] <TigermanTrader> -3tk
[09:37:43] <TigermanTrader> bad entry too late
[09:37:52] <TigermanTrader> simply just arrived home
[09:38:17] <NDW> covered +2 ticks - don't like price action at this level above gap fill of day session
[09:40:01] <wrbtrader> Shorts Emini ES @ 1651.50 -> large size
[09:40:10] <canaandog> good morning
[09:40:15] <wrbtrader> 25 contracts
[09:40:25] <TigermanTrader> sh es 1651.25
[09:40:50] <wrbtrader> key markets not insync right now
[09:41:06] <wrbtrader> They're trying hard to get their
[09:41:44] <NDW> ES & TF are out of sync for certain
[09:42:12] <wrbtrader> Yeah...its that situation where you wish you in the trade in the other one :(
[09:42:34] <wrbtrader> WRB pt1 reached
[09:43:00] <TigermanTrader> exit 1650.75
[09:43:13] <TigermanTrader> +2tk trail pick up in error :(
[09:43:35] <wrbtrader> Covered Emini ES Short @ 1648.50 --> + 3
[09:43:41] <TigermanTrader> nq move better then the others
[09:43:50] <wrbtrader> WRB pt2 reached
[09:44:02] <TigermanTrader> godd wrbtrader my error cost me a nice profit
[09:44:21] <TigermanTrader> simply thats the results of not be prepared well
[09:44:26] <TigermanTrader> too distraction here
[09:48:26] <TigermanTrader> sh es 1649.25
[09:50:36] <wrbtrader> Shorts Emini TF @ 1041.30 -> medium size
[09:50:41] <wrbtrader> 4 contracts
[09:51:08] <wrbtrader> another late entry but this one had some volatility in comparison to the late entry into the Emini ES trade
[09:52:53] <TigermanTrader> exit 1648.25
[09:54:09] <squiggles> CL very rangebound last 30m
[09:54:26] <wrbtrader> Reminder: All the prior U.S. Government shutdowns have resulted in big strong continuation price action or big downtrends...
[09:54:48] <wrbtrader> This type of key market event is the MARKET CONTEXT
[09:55:31] <wrbtrader> We only get a few of these types of key market events per year in reference to something the ENTIRE world is watching
[09:57:08] <wrbtrader> Covered all Emini TF Short @ 1041.20 --> + 0.1
[09:57:56] <wrbtrader> comparing charts...IWM over-reacted in comparison to the other ETFs
[09:58:36] <wrbtrader> QQQ is a close second in that over-reaction
[10:03:49] <TigermanTrader> sh es 1650.25
[10:04:11] <TigermanTrader> ex es 1649.25
[10:04:35] <squiggles> CL broken out to downside
[10:05:02] <wrbtrader> Shorts Emini TF @ 1040.60 -> medium size
[10:05:12] <wrbtrader> 4 contracts
[10:05:44] <wrbtrader> Short Emini ES futures @ 1648.50 large sized 10 contracts
[10:05:49] <TigermanTrader> sh es 1648
[10:06:03] <wrbtrader> Big spike down in Gold GC futures :(
[10:06:21] <wrbtrader> those types of volatility spikes are spooky
[10:07:26] <wrbtrader> Exit all Emini ES futures @ 1647.25 +1.25
[10:07:58] <wrbtrader> Covered all Emini TF Short @ 1040.20 --> + 0.4
[10:08:05] <TigermanTrader> ex es 1647.75+1 tk :(
[10:08:49] <wrbtrader> snap back in Emini ES spooked me out of the Emini TF trade eventhough I was already at a tight trail stop because of the price action in Gold GC futures
[10:13:34] <canaandog> bit unusual to see so much CL movement pre-inventory
[10:15:49] <squiggles> co-insided with GC move
[10:31:56] <jessel_____> Almost looks like a swing point forming on ES 3 min if it fills the prior WRB HG
[10:32:00] <NDW> CL took a nice sized spike down
[10:33:23] <TigermanTrader> lg es 1652
[10:33:49] <TigermanTrader> exit es 1652.5 +2tk
[10:33:56] <canaandog> short cl 101.57; flat 101.46 +11t
[10:37:34] <wrbtrader> Shorts Light Crude Oil CL @ 101.58 -> small size
[10:37:41] <wrbtrader> 2 contracts
[10:38:46] <wrbtrader> CL tracing above the mid-range of the most recent WRB Hidden GAP on the 2min chart
[10:40:57] <wrbtrader> Shorts Light Crude Oil CL @ 101.72 -> Add
[10:41:01] <TigermanTrader> sh cl 101.73
[10:41:22] <TigermanTrader> exit cl 101.71 +2tk
[10:41:52] <wrbtrader> Covered all Light Crude Oil CL Short @ 101.68 --> - 0.06
[10:42:39] <wrbtrader> Shorts Light Crude Oil CL @ 101.67 -> medium size
[10:42:45] <wrbtrader> 5 contracts
[10:42:58] <wrbtrader> re-entry
[10:45:09] <wrbtrader> trapped in a developing low volatility trading range :(
[10:45:56] <wrbtrader> WRB pt1 (shallow) reached
[10:47:51] <wrbtrader> volatility increasing in other key markets
[10:48:03] <wrbtrader> in comparison to the trade I'm in :(
[10:48:28] <wrbtrader> Actually, Euro not doing much so far
[10:55:00] <TigermanTrader> eminies exapanding volatility
[10:55:50] <canaandog> fed @1400 et
[10:56:33] <TigermanTrader> sh es 1646
[10:56:36] <TigermanTrader> small
[10:57:49] <canaandog> and good news: Obama will reportedly nominate Yellen for Fed chair instead of bankers' lackey Summers
[10:59:48] <wrbtrader> be careful of what you wish for...
[11:00:15] <wrbtrader> I wanted to "slow down" my trading today and decided to switch over to Crude Oil CL futures :)
[11:00:39] <wrbtrader> geeesh
[11:00:43] <canaandog> lol
[11:01:13] <wrbtrader> Next time I'll just read a book
[11:07:40] <wrbtrader> volatility suddenly dropped in Crude
[11:07:50] <wrbtrader> range got very tight the last few intervals
[11:08:02] <wrbtrader> I'm now expecting a volatility spike in Crude Oil CL futures
[11:08:20] <wrbtrader> hopefully not against my position
[11:09:55] <wrbtrader> WRB pt1 (shallow) reached again :(
[11:12:45] <wrbtrader> I won't hang around for another low volatility contraction to only see a shallow WRB pt1.
[11:13:03] <wrbtrader> If its going to spike...it needs to do it now
[11:13:07] <wrbtrader> I've lost my patience
[11:14:35] <wrbtrader> Covered all Light Crude Oil CL Short @ 101.61 --> + 0.06
[11:15:20] <wrbtrader> Need some fresh air after a trade like that one
[11:16:11] <wrbtrader> Shorts Emini ES @ 1643.00 -> large size
[11:16:24] <wrbtrader> 10+10 contracts
[11:16:28] <Donnin________> that was quick " >
[11:16:59] <wrbtrader> Yeah...window next to my desk :)
[11:20:16] <wrbtrader> Covered all Emini ES Short @ 1641.75 --> + 1.25
[11:20:19] <wrbtrader> WRB pt1 reached
[11:45:52] <wrbtrader> Long Emini ES @ 1645.00 -> small size
[11:46:07] <wrbtrader> 5 contracts
[11:46:31] <wrbtrader> :(
[11:47:03] <wrbtrader> Missed twice an entry @ 1644.25 and then @ 1644.75
[11:47:11] <wrbtrader> doing too much analysis instead of reacting
[11:47:46] <wrbtrader> WRB pt1 reached but shallow due to my late entry
[11:50:00] <wrbtrader> trailing @ profit
[11:54:03] <wrbtrader> Exited all Emini ES Long @ 1646.25 --> + 1.25
[11:54:06] <wrbtrader> Just got picked pocketed when I tighten trail to the R area @ 1646.25 on the most recent Up WRB Hidden GAP on the 2min chart
[13:46:28] <Zr1trader> gold vol spike post RTH
[13:48:31] <Zr1trader> Note, gold got bid up before last FOMC minutes as well then rocketed during the release. Not saying it does that today but is interesting to watch
[13:54:34] <Donnin________> fmoc day?
[13:55:32] <Zr1trader> FOMC Meeting Minutes at 1 pm CT in 5 min
[14:12:19] <t4npaper> no clear direction after fmoc
[14:12:25] <t4npaper> fomc
[15:10:27] <wrbtrader> just got back
[15:10:41] <wrbtrader> busy personal appointments today
[15:11:57] <canaandog> didn't miss much
[15:12:30] <NDW> didn't miss anything except some chop
[15:20:41] <wrbtrader> Pres. Obama on TV again giving another speech about the nomination of the new FED chief and thanking Bernanke for his services
[15:20:49] <wrbtrader> nomination is Yellen
[15:53:23] <wrbtrader> looks like Emini TF futures over-reacting again in comparison to the other Emini futures
[15:53:44] <wrbtrader> Gold GC futures looks calk the past 20 minutes
[16:12:20] <NDW> See all tomorrow - have a nice evening
[16:23:16] <TigermanTrader> take care all see all tomorrow
Session Close: Wed Oct 09 23:07:22 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


Top 
 Profile E-mail  
 
Display posts from previous:  Sort by  
 
Post new topic Reply to topic Bookmark and Share  [ 1 post ] 


Who is online

Users browsing this forum: No registered users and 2 guests

 
 

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr