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 Post subject: October 16th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Oct 17, 2013 5:06 am 
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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:
101613-Key-Price-Action-Markets.png
101613-Key-Price-Action-Markets.png [ 524.63 KiB | Viewed 258 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 16 09:13:29 2013
Session Ident: ##TheStrategyLab
[09:13:29] * Now talking in ##TheStrategyLab
[09:13:29] * 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'
[09:13:29] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:13:29] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:27:15] <wrbtrader> Key Market Events today @ 1000am, 1200pm and 1400pm est
[09:35:25] <wrbtrader> Long Emini ES @ 1704.25 -> large size
[09:35:36] <wrbtrader> 25 contracts
[09:35:59] <wrbtrader> The Treasurys to buy if Treasurys default (MarketWatch) @ http://www.marketwatch.com/story/the-tr ... 2013-10-16
[09:38:50] <wrbtrader> crazy chop :(
[09:39:48] <TigermanTrader> gm all
[09:39:59] <NDW> sure is crazy chop - my plan was to sit today out and watch - going to ortho at 1:30cst
[09:41:35] <wrbtrader> After today, I think a lot of folks may need to go to Ortho
[09:41:48] <NDW> ha ha, you may be right
[09:45:04] <wrbtrader> Exited all Emini ES Long @ 1702.25 --> - 2
[09:46:39] <wrbtrader> Long Emini ES @ 1702.75 -> large size
[09:46:54] <wrbtrader> 25 contracts
[09:47:17] <wrbtrader> re-entry
[09:47:46] <wrbtrader> volatility just dried up :(
[09:48:26] <wrbtrader> I should have waited another interval for the interval to confirm if volatility was drying up
[09:50:09] <TigermanTrader> simply not the best enviroment to trade right now
[09:52:38] <wrbtrader> Geesh...feels like I'm in a bar room brawl or rodeo competition between these two trades.
[09:52:48] <wrbtrader> WRB pt1 reached
[09:54:27] <wrbtrader> Exited Emini ES Long @ 1708.50 --> + 5.75
[09:54:32] <NDW> I would say that WRB pt1 was definitely reached!
[09:54:33] <TigermanTrader> wrbtrader you got the right horse :)
[09:54:55] <NDW> great trade, way to make it up
[09:55:27] <TigermanTrader> I ve done some fast trade now i sit at -3tk
[09:56:37] <wrbtrader> I now have added the 1min chart because this price action is moving fast
[09:57:16] <wrbtrader> Long Emini ES @ 1710.50 -> large size
[09:57:35] <wrbtrader> 20 contracts
[09:58:25] <TigermanTrader> I ve entered at 1710.25
[09:58:35] <TigermanTrader> but already exited :(
[09:58:56] <TigermanTrader> anyway I recup the loss and now in profit :)
[09:59:11] <TigermanTrader> seems this is the case when experince pay
[10:00:11] <TigermanTrader> TF over his monday high
[10:01:32] <wrbtrader> Other key markets volatility still increasing
[10:01:44] <wrbtrader> trailing @ profit
[10:02:01] <wrbtrader> I'm now expecting another volatility spike...hopefully it doesn't take prices down
[10:03:28] <canaandog> good morning
[10:06:43] <wrbtrader> Exited all Emini ES Long @ 1710.75 --> + 0.25
[10:07:33] <wrbtrader> That's a price reaction to the House meeting @ 1000am est and not a reaction to the 1000am est Houosing Index report
[10:07:53] <wrbtrader> I expect a similar like volatility reaction to the 12noon Senate meeting
[10:08:35] <JohnSSS______> an aid said no decision on accepting plan
[10:08:50] <JohnSSS______> that was sell off
[10:09:35] <wrbtrader> Long Emini ES @ 1710.75 -> large size
[10:09:35] <TigermanTrader> Im curious if also beige book + ECB talk
[10:09:44] <TigermanTrader> bring some vola
[10:09:49] <wrbtrader> 10 contracts
[10:11:07] <wrbtrader> volatility contracting again in the Emini futures
[10:11:27] <wrbtrader> I'm now expecting another volatility spike
[10:12:18] <wrbtrader> Exited all Emini ES Long @ 1711.00 --> + 0.25
[10:12:27] <wrbtrader> early exit
[10:12:55] <wrbtrader> didn't like the price stall after it hit the R area of the most recent Down WRB Hidden GAP on the 1min chart
[10:15:43] <wrbtrader> Long Emini ES @ 1712.00 -> large size
[10:16:05] <wrbtrader> 10 contracts...missed my re-entry price of 1011.00
[10:16:32] <wrbtrader> Had I caught that price...would have gone in with 20 - 30 contracts
[10:24:02] <wrbtrader> Exited all Emini ES Long @ 1712.25 --> + 0.25
[10:27:10] <wrbtrader> We're now essentially range bound after the big run up to the upside
[10:41:05] <wrbtrader> Wall Street gains on optimism over fiscal deal (Reuters) @ http://www.reuters.com/article/2013/10/ ... DH20131016
[10:42:01] <wrbtrader> Long Light Crude Oil CL @ 101.87 -> medium size
[10:42:18] <wrbtrader> 2+2 contracts
[10:50:50] <wrbtrader> Crude contracting in volatility again
[10:53:38] <wrbtrader> Crude volatility dried up
[10:53:57] <wrbtrader> I'm now expecting a volatility spike in Crude Oil CL futures
[10:56:46] <wrbtrader> Exited all Light Crude Oil CL Long @ 101.72 --> - 0.15
[10:57:29] <wrbtrader> Volatility slowly increasing in Crude Oil CL futures
[10:58:08] <wrbtrader> inside the range of a key price area
[11:00:35] <canaandog> eminis meanwhile trying to breakout of range
[11:09:09] <wrbtrader> Emini ES futures moving higher on very low volatility
[11:09:09] <squiggles> cL VOLATILITY SPIKE UP
[11:10:38] <wrbtrader> Long Light Crude Oil CL @ 102.01 -> medium size
[11:10:50] <wrbtrader> 3+1 contracts
[11:11:28] <wrbtrader> Crude Oil CL futures trying hard to climb the price range of a long upper shadow interval
[11:12:35] <wrbtrader> Other key markets still in contracting volatility
[11:15:09] <wrbtrader> Exited all Light Crude Oil CL Long @ 102.32 --> + 0.31
[11:16:42] <wrbtrader> early exit
[11:17:03] <wrbtrader> Had a difficult reference point because i had no WRB area :(
[11:18:58] <wrbtrader> The reference point was the close of a big normal gap on Mon close price to Tues open price
[11:19:26] <wrbtrader> regular session chart of Crude Oil CL futures
[11:46:18] <TigermanTrader> take care all see next time
[12:13:12] <t4npaper> oil spiked
[12:23:15] <wrbtrader> I'm very surprised that Gold GC futures isn't more volatility or active since the regular session
[12:24:36] <wrbtrader> It's active now...volatility spike
[12:49:04] <NDW> There were nice V2 / V1 combos in the 3 min CL this morning.
[12:49:44] <NDW> 8:30 & 8:54 cst, 8:54 & 10:09 cst, no C2 or C1 confirmations though in either potential FVB Basic setup
[12:50:17] <NDW> a lot of activity was going on during that time, so didn't post when they were forming
[12:57:41] * NDW is now known as NDWortho
[13:21:21] <t4npaper> :( good bye oil
[14:02:22] <wrbtrader> Shorts Emini ES @ 1713.25 -> medium size
[14:02:34] <wrbtrader> 6 contracts
[14:07:02] <wrbtrader> WRB pt1 (shallow) reached and about 1 point away from the most recent reaction low of 1312pm est
[14:11:07] <wrbtrader> Covered all Emini ES Short @ 1713.25 --> 0
[14:11:33] <wrbtrader> The price action of Emini TF futures spooked me out of this trade :(
[16:26:48] <wrbtrader> Take care all and see all tomorrow...very quiet in here in the afternoon trading session.
Session Close: Wed Oct 16 21:21:02 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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