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 Post subject: October 24th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Oct 25, 2013 7:04 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)
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:
102413-Key-Price-Action-Markets.png
102413-Key-Price-Action-Markets.png [ 539.84 KiB | Viewed 257 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 24 08:40:52 2013
Session Ident: ##TheStrategyLab
[08:40:52] * Now talking in ##TheStrategyLab
[08:40:52] * 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'
[08:40:52] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:40:52] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:28:55] <NDW> Good morning all
[09:32:50] <wrbtrader> If it wasn't for the decent retracement the last 2 hours...it would have been a huge gap to the upside on the regular session chart of the Emini Futures
[09:33:17] <TigermanTrader> gm all
[09:33:57] <canaandog> good morning
[09:35:01] <wrbtrader> Shorts Emini ES @ 1743.75 -> large size
[09:35:27] <wrbtrader> 20+10 contracts
[09:37:58] <wrbtrader> snap back
[09:39:52] <TigermanTrader> sh es 1743.5
[09:40:15] <TigermanTrader> exit all es 1742.75 +3tk
[09:40:24] <TigermanTrader> wow too early as exit
[09:41:28] <TigermanTrader> YM stay higher vs others index
[09:42:28] <canaandog> short es 1743.75; flat 1741 = +11t
[09:42:46] <canaandog> too slow to get 1744 entry
[09:43:59] <wrbtrader> Covered 2/3 Emini ES Short @ 1740.75 --> + 3
[09:44:10] <TigermanTrader> very good
[09:44:40] <wrbtrader> I didn't get a fill in the prior hit of 1740.75 but I think its because I got my order in too late in the queu
[09:52:36] <wrbtrader> Covered Remainder Emini ES Short @ 1742.00 --> + 1.75
[09:53:27] <wrbtrader> Emini ES has retraced back to the S area of the WRB Hidden GAP 0939am - 0942am est (3min chart)
[09:54:45] <wrbtrader> Long Emini ES @ 1742.25 -> large size
[09:54:51] <wrbtrader> 10 contracts
[09:57:09] <wrbtrader> Exited all Emini ES Long @ 1742.50 --> + 0.25
[10:01:57] <wrbtrader> Shorts Emini ES @ 1742.75 -> large size
[10:02:21] <wrbtrader> 10 contracts
[10:05:04] <wrbtrader> Covered all Emini ES Short @ 1741.50 --> + 1.25
[10:05:11] <wrbtrader> WRB pt1 reached
[10:09:49] <canaandog> long tf 110.4
[10:10:07] <canaandog> correction: 1110.4
[10:10:38] <wrbtrader> Range tighten up fast in the Emini futures :(
[10:11:38] <wrbtrader> Long Emini ES @ 1743.25 -> large size
[10:11:44] <wrbtrader> 15 contracts
[10:12:32] <wrbtrader> Need to be careful on these Long positions until price action can be new highs
[10:12:44] <wrbtrader> meant new regular session highs
[10:15:23] <wrbtrader> Exited all Emini ES Long @ 1743.50 --> + 0.25
[10:17:30] <canaandog> flat tf 1111.8 = +14t
[10:19:00] <wrbtrader> Shorts Emini ES @ 1743.50 -> large size
[10:19:19] <wrbtrader> 10 contracts
[10:19:40] <wrbtrader> snap back but suspicious because it lacked volatility
[10:20:18] <wrbtrader> Covered all Emini ES Short @ 1744.25 --> - 0.75
[10:20:31] <wrbtrader> Long Emini ES @ 1744.50 -> large size
[10:20:40] <wrbtrader> 25 contracts
[10:20:45] <wrbtrader> volatility expanding
[10:21:18] <wrbtrader> price action trying to climb the range of the opening few intervals
[10:24:44] <wrbtrader> volatility contracting again
[10:24:54] <TigermanTrader> sh es 1744
[10:25:46] <TigermanTrader> exit all es 1743 +4tk
[10:25:56] <wrbtrader> Exited all Emini ES Long @ 1742.75 --> - 1.75
[10:26:23] <wrbtrader> The volatility was fun while it lasted.
[10:26:41] <wrbtrader> Now were're back inside that prior developing range
[10:27:38] <wrbtrader> Shorts Emini ES @ 1742.00 -> large size
[10:29:17] <wrbtrader> Covered all Emini ES Short @ 1742.00 --> 0
[10:29:29] <wrbtrader> 25 contracts
[10:30:40] <wrbtrader> Shorts Emini ES @ 1741.25 -> large size
[10:31:14] <wrbtrader> 25 contracts
[10:31:25] <wrbtrader> inside the tightning range
[10:32:32] <TigermanTrader> sh es 1742.5
[10:33:06] <wrbtrader> Covered all Emini ES Short @ 1742.50 --> - 1.25
[10:34:25] <TigermanTrader> exit es @ 1742 +2tk
[10:34:48] <wrbtrader> Shorts Emini ES @ 1742.00 -> large size
[10:35:06] <wrbtrader> 30 contracts
[10:36:14] <wrbtrader> It already tried the upside breakout but failed at the intraday highs...
[10:36:27] <wrbtrader> Looks to try again
[10:42:15] <wrbtrader> oh oh
[10:42:23] <wrbtrader> volatility contracting fast
[10:42:32] <wrbtrader> I'm now expecting a volatility spike here soon
[10:43:11] <wrbtrader> Covered all Emini ES Short @ 1743.75 --> - 1.75
[10:44:04] <wrbtrader> 5.5 point regular session range...
[10:44:20] <wrbtrader> I'm getting hit hard more than I should in such a tight range.
[10:45:10] <wrbtrader> Today started nicely with the volatility...
[10:45:39] <wrbtrader> Quickly reverted back into the exact same type of low volatility tight trading range that involved yesterday's price action
[10:46:04] <wrbtrader> Looks like the overnight price action took the juice out of the markets for today :(
[10:48:42] <TigermanTrader> aalso VIX is again in his low level
[10:50:51] <wrbtrader> I expect it to be LOWER by Chistmas unless soemthing crazy happens in the world
[10:51:23] <wrbtrader> Simply, tough trading days ahead until after the new year...nothing new about that.
[10:51:51] <wrbtrader> Shorts Emini ES @ 1742.75 -> large size
[10:52:12] <wrbtrader> 15+5+10
[10:54:46] <wrbtrader> Ouuuch
[10:54:57] <wrbtrader> Pres. Obama on live TV right now :(
[10:55:07] <wrbtrader> nothing personal against him
[10:55:23] <wrbtrader> I just hate being in a trade whenever any President is on TV
[10:55:29] <wrbtrader> strange stuff happens
[10:55:59] <TigermanTrader> which channel wrbtrader?
[10:56:45] <TigermanTrader> oil seems move a bit
[10:56:49] <squiggles> Gold and oil gaining
[11:00:02] <wrbtrader> Covered all Emini ES Short @ 1743.75 --> - 1
[11:00:39] <wrbtrader> He's on all of the major financial networks except for CNBC (briefly on CNBC)
[11:02:11] <TigermanTrader> ok thanks I wonder if something is live also in internet TV
[11:02:20] <wrbtrader> Other financial networks still talking about the "Obamacare" website problems...same the past 1 1/2 hours
[11:02:50] <wrbtrader> congressional questioning or something like that
[11:03:31] <wrbtrader> Not sure why the financial networks following these meetings and following Obama speeches about immigration
[11:07:39] <wrbtrader> Long Emini ES @ 1744.75 -> large size
[11:08:31] <wrbtrader> This is a key trade for me for a few reasons...
[11:08:37] <wrbtrader> sitting at a loss for the day
[11:09:20] <wrbtrader> A prior Long position in this area resulted in a loss in which I thought I had moved my stop to breakeven.
[11:09:47] <wrbtrader> That was my only problematic trade error of the day and it cost me -1.75 per contract
[11:11:30] <wrbtrader> WRB pt1 (shallow) was reached above the regular session intraday highs :(
[11:14:06] <TigermanTrader> lg CL 96.43
[11:14:31] <TigermanTrader> miss a better entry
[11:15:10] <TigermanTrader> exit CL 96.34 :(
[11:15:29] <TigermanTrader> oopd I mean 96.43
[11:16:59] <wrbtrader> Exited all Emini ES Long @ 1745.25 --> + 0.5
[11:18:01] <wrbtrader> No trade errors but the price action not willing to give me a WRB pt2
[11:23:12] <TigermanTrader> lg CL 96.37 re entry
[11:25:10] <t4npaper> is the prez done? No tv here
[11:25:51] <wrbtrader> Long Emini ES @ 1746.00 -> large size
[11:25:59] <TigermanTrader> exit CL 96.41 +4 tk
[11:26:28] <TigermanTrader> wow still rise after my exit
[11:27:52] <wrbtrader> :(
[11:27:54] <wrbtrader> tough
[11:29:17] <wrbtrader> Exited all Emini ES Long @ 1746.25 --> + 0.25
[11:49:02] <wrbtrader> Long Emini ES @ 1746.00 -> large size
[11:49:48] <wrbtrader> Exited all Emini ES Long @ 1746.00 --> 0
[11:49:57] <wrbtrader> small size (not large) via 5 contracts...trade error
[11:51:11] <wrbtrader> try to cancel that...need to go to a lunch appointement...be back later
[12:02:26] <TigermanTrader> take care all see all tomorrow
[12:56:07] <wrbtrader> Long Emini ES @ 1745.50 -> large size
[12:56:19] <wrbtrader> 20 contracts
[12:56:47] <@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.
[13:00:38] <@wrbtrader> Exited all Emini ES Long @ 1747.00 --> + 1.5
[13:00:55] <@wrbtrader> WRB pt1 reached
[13:23:17] <@wrbtrader> Long Emini TF futures @ 1115.10 small size 3 contracts
[13:23:32] <@wrbtrader> Long Emini ES @ 1746.00 -> large size
[13:23:39] <@wrbtrader> 10 contracts
[13:31:35] * [1]r33gmd is now known as r33gmd
[13:37:10] <@wrbtrader> Exited all Emini ES Long @ 1746.25 --> + 0.25
[13:37:13] <@wrbtrader> Exited all Emini TF futures @ 1115.30 +0.20
[13:38:01] <@wrbtrader> Other key markets suddenly retracted in their volatility after they begin showing signs that volatility was about to increase
[14:38:34] * [1]r33gmd is now known as r33gmd
[15:45:47] <@wrbtrader> Long Emini ES @ 1746.25 -> large size
[15:46:18] <@wrbtrader> 20 contracts
[15:52:36] <@wrbtrader> Long Emini TF futures @ 1117.30 large size 4+2 contracts
[15:56:59] <@wrbtrader> Exit all Emini TF futures @ 1117.50 +0.20
[15:59:33] <@wrbtrader> Exited all Emini ES Long @ 1747.50 --> + 1.25
[16:02:02] <@wrbtrader> strange price action within the Eminis...nothing was insync.
[16:02:24] <@wrbtrader> Its been a few years since I've seen something like that.
[16:03:53] <@wrbtrader> In the past it was usually something associated with an IPO or a well watched company reporting earnings in the after-hours.

[16:04:31] <NDW> it has been a very strange week in regards to price action
[16:05:25] <@wrbtrader> Long Emini ES @ 1748.50 -> large size
[16:05:43] <@wrbtrader> 25 contracts
[16:11:16] <@wrbtrader> Exited all Emini ES Long @ 1749.50 --> + 1
[16:17:31] <@wrbtrader> Barely made enough to cover my expenses today.
[16:17:45] <@wrbtrader> Days like today you wish you had purchase an exchange seat.
[16:18:11] <@wrbtrader> Unfortunately this is an unusual trading year for me involving how aggressive my trading is.
[16:18:40] <NDW> you are being very aggressive it appears to me, lots of trades
[16:18:46] <@wrbtrader> I can only trade aggressively like this for one year before I revert back to my mean to prevent burn out.
[16:18:49] <NDW> most times it works out for you though
[16:19:29] <NDW> see you tomorrow
[16:19:39] <@wrbtrader> Simply, calm trading next year :)
[16:19:48] <@wrbtrader> Take care all and see all tomorrow
Session Close: Thu Oct 24 19:00:46 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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