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 Post subject: November 7th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Nov 07, 2013 8:58 pm 
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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:
110713-Key-Price-Action-Markets.png
110713-Key-Price-Action-Markets.png [ 517.2 KiB | Viewed 233 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 Nov 07 09:25:06 2013
Session Ident: ##TheStrategyLab
[09:25:06] * Now talking in ##TheStrategyLab
[09:25:06] * 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'
[09:25:06] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:25:06] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:33:00] <TigermanTrader> gm all
[09:36:29] <@wrbtrader> Shorts Emini ES @ 1768.75 -> large size
[09:36:55] <@wrbtrader> 10 contracts
[09:39:10] <@wrbtrader> Be careful, we got the IPO Twitter opening for the first time here anytime soon within the next hour or so
[09:40:29] <@wrbtrader> Short Emini TF futures @ 1101.80 large size 6 contracts
[09:41:35] <@wrbtrader> Covered all Emini ES Short @ 1770.75 --> - 2
[09:41:44] <TigermanTrader> big spike on nq
[09:43:02] <NDW> NQ leading way up
[09:44:08] <@wrbtrader> Shorts Emini ES @ 1771.00 -> large size
[09:44:21] <@wrbtrader> 10 contracts re-entry
[09:45:00] <@wrbtrader> Cover all Emini TF futures @ 1103.10 0
[09:45:14] <TigermanTrader> dangeroous openng today
[09:45:21] <TigermanTrader> all my short stopped :(
[09:45:35] <Sidhartha> good cover Mark... houdini like!
[09:45:48] <@wrbtrader> -1.30
[09:45:58] <@wrbtrader> I wish
[09:45:59] <Sidhartha> ahh
[09:46:08] <@wrbtrader> Houdini cover is a profit...not a loss
[09:46:15] <Sidhartha> yeah tricky open
[09:46:40] <TigermanTrader> nq go x his way
[09:48:43] <TigermanTrader> sh es 1770.25
[09:48:53] <@wrbtrader> Short Emini TF futures @ 1102.40 large size 6 contracts
[09:49:02] <@wrbtrader> re-entry
[09:50:21] <@wrbtrader> looks like churns between these trades...only the broker gets paid :(
[09:50:31] <TigermanTrader> exit es at 1769.25 +4tk
[09:50:41] <TigermanTrader> yep
[09:50:53] <Sidhartha> if it break out of this opening range it might make a decent trade
[09:51:04] <TigermanTrader> knowing the situatio I used iwm instead TF limit size
[09:51:39] <TigermanTrader> wow sorry not to hang on some contracts :(
[09:51:48] <TigermanTrader> got a good entry before
[09:52:07] <@wrbtrader> Covered all Emini ES Short @ 1766.50 --> + 4.5
[09:53:03] <TigermanTrader> very good wrbtrader I need improve my faith in hang on my trades :)
[09:53:42] <@wrbtrader> Cover 1/2 Emini TF futures @ 1098.40 +4.00
[09:54:22] <@wrbtrader> I almost covered that at breakeven as an early exit :)
[09:54:56] <@wrbtrader> I started getting impatient with the trade...I hesitated and then it spiked down.
[09:55:32] <@wrbtrader> meant at breakeven the two trades (earlier loss of -1.40)
[09:56:50] <TigermanTrader> sh iwm 109.19
[09:57:13] <TigermanTrader> cover iwm 109.09 +10tk
[09:57:31] <TigermanTrader> ah iwm/tf they move so nice after trading ES :)
[09:59:21] <NDW> Shorted TF 1098.4 5c., waiting for it to break lower took early exit +2 ticks, then broke to target literally 2 seconds later
[09:59:24] <NDW> :(
[10:00:19] <TigermanTrader> sh es 1766.25
[10:00:47] <@wrbtrader> WRB pt3 reached on the remaining 3 contracts of Emini TF futures
[10:00:48] <TigermanTrader> cover es 1765.75 +3tk
[10:01:00] <TigermanTrader> only I used small size here
[10:02:01] <TigermanTrader> umm fight here try to build some support
[10:07:08] <TigermanTrader> sh iwm 109.08
[10:07:23] <TigermanTrader> cov iwm 109.04 +4tk
[10:08:10] <TigermanTrader> want keep half but exit all by error maybe was better whos know :)
[10:08:24] <TigermanTrader> no not better :(
[10:09:25] <TigermanTrader> wow shoul put size in ES instead play with iwm
[10:09:40] <TigermanTrader> nice target reached now
[10:11:43] <@wrbtrader> Cover Emini TF futures @ 1091.90 +10.50 Holding 1 contract remainder
[10:12:00] <@wrbtrader> WRB pt4 reached
[10:14:06] <TigermanTrader> excellent
[10:15:07] <@wrbtrader> Trying to hold this until Twitter (TWTR) makes its first public trade
[10:16:32] <@wrbtrader> Of all my stocktwits feeds for all the key markets...twitter feed is 10x faster today. In comparison, yesterday it was normal with other key markets.
[10:17:58] <@wrbtrader> Funny, we're not even trading twitter but it is impacting the markets.
[10:20:12] <@wrbtrader> WRB pt5 reached
[10:21:17] <TigermanTrader> sh iwm 108.42
[10:21:38] <TigermanTrader> cover iwm 108.24 +18tk
[10:22:26] <TigermanTrader> yeah my broker send me all sort of messages about market maker routing
[10:22:45] <TigermanTrader> s exa,ple island is disable untill twitter start
[10:23:56] <@wrbtrader> Today is another good example about the myth that "news is always priced into the markets".
[10:24:14] <@wrbtrader> Most of the time its NOT true while sometimes it is true.
[10:24:34] <@wrbtrader> Markets due react in real-time to news events.
[10:24:44] <@wrbtrader> especially breaking news
[10:28:45] <@wrbtrader> volatility contraction showing its face more now in the Emini futures after the big drop
[10:29:46] <@wrbtrader> Gold GC futures slowing climbing higher on very low volatility
[10:30:10] <@wrbtrader> As in climbing higher since 0900am est
[10:32:22] <@wrbtrader> Key Market Events remaining today @ Twitter IPO opening, 1030am Natural GAS report (now), 1330pm FOMC Member speech and 1400pm est ECB Pres. Draghi speaks
[10:33:00] <@wrbtrader> and the 1500pm est Consume Credit Report
[10:33:25] <@wrbtrader> WRB pt6 reached on Emini TF futures
[10:38:31] <@wrbtrader> Today's market context so far (pending Twitter open and ECB rate cut) @ http://www.marketwatch.com/story/us-sto ... lcountdown
[10:39:19] <@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.
[10:40:42] <@wrbtrader> European Stocks Extend Five-Year High as ECB Lowers Rate (Bloomberg) @ http://www.bloomberg.com/news/2013-11-0 ... e-ecb.html
[10:41:55] <@wrbtrader> for those wondering about the huge spike down in the Euro between 0740am - 0830am est this morning
[10:47:06] <@wrbtrader> Emini ES futures has a WRB Zone confirmed @ 0945am - 1000am est via 15min chart...same with other Emini futures
[10:48:28] <@wrbtrader> Thus, if you're Long and the markets spikes back upwards...that's a good looking profit target area
[10:49:34] <@wrbtrader> Twitter TWTR just open
[10:50:40] <TigermanTrader> yep 46 $ now
[10:50:57] <TigermanTrader> sorry I no entered in IPO
[10:51:39] <@wrbtrader> Hopefully it brings in more volatility into the Emini futures
[10:52:37] <@wrbtrader> Emini futures volatility just died
[10:52:46] <@wrbtrader> I'm now expecting a volatility spike here soon
[10:53:41] <@wrbtrader> Cover remainder Emini TF futures @ 1089.20 +12.70
[10:54:25] <@wrbtrader> correction +12.20
[10:54:33] <NDW> great trade
[10:54:39] <TigermanTrader> wow i just done to buy on twitter ;)
[10:55:03] <TigermanTrader> got 20$ bucks in total :)
[10:55:13] <TigermanTrader> crazy how it moves
[10:58:03] <TigermanTrader> twitter over 48$ now
[10:59:39] <@wrbtrader> Shorts Emini ES @ 1758.50 -> large size
[11:00:03] <@wrbtrader> Emini futures not insync with their volatility movement
[11:00:22] <@wrbtrader> 10 contracts
[11:02:13] <@wrbtrader> Covered all Emini ES Short @ 1758.25 --> + 0.25
[11:03:35] <@wrbtrader> Emini ES choppy
[11:07:53] <@wrbtrader> Brent Crude Traders Claim Proof BFOE Boys Rigged Market (Bloomberg) @ http://www.bloomberg.com/news/2013-11-0 ... tml?cmpid=
[11:09:17] <@wrbtrader> Shorts Emini ES @ 1757.50 -> large size
[11:09:50] <@wrbtrader> 15 contracts
[11:10:12] <@wrbtrader> dropped below the S area of the most recent Up WRB Hidden GAP on the 1min chart
[11:10:40] <@wrbtrader> tight trail because of the chop
[11:10:53] <@wrbtrader> Covered all Emini ES Short @ 1757.00 --> + 0.5
[11:12:01] <@wrbtrader> only getting ticks and not points in Emini ES now...
[11:12:18] <@wrbtrader> still monitoring Oil CL futures and Gold GC futures...they're too calm now
[11:14:13] <@wrbtrader> increasing volatility but no re-entry signals back into the Short
[11:14:22] <@wrbtrader> for the Emini ES
[11:15:16] <@wrbtrader> Shorts Emini ES @ 1755.25 -> large size
[11:15:25] <@wrbtrader> 20 contracts
[11:17:24] <@wrbtrader> chop showed up again :(
[11:18:18] <@wrbtrader> may have to do an early exit because of the chop
[11:19:54] <@wrbtrader> WRB p1 reached
[11:20:16] <@wrbtrader> Covered 1/2 Emini ES Short @ 1753.00 --> + 2.25
[11:22:33] <@wrbtrader> Covered Remainder Emini ES Short @ 1754.75 --> + 0.5
[11:22:54] <@wrbtrader> another trail stop pick pocketed
[11:23:01] <@wrbtrader> that's 3 so far today
[11:30:52] <TigermanTrader> take care all see next time
[11:34:18] <@wrbtrader> Long Emini TF @ 1084.80 -> small size
[11:34:37] <@wrbtrader> 2 contracts
[11:42:19] <@wrbtrader> Exited all Emini TF Long @ 1085.20 --> + 0.4
[11:42:28] <@wrbtrader> trail hit again :(
[11:42:54] <@wrbtrader> Got points earlier in the day but now it seems the market is only willing to cough up ticks.
[11:43:36] <@wrbtrader> The great volatility was fun when it lasted. Will call it quits here...take care and see all tomorrow
[13:32:43] <t4npaper> God i hate trading sometimes
[13:32:58] <t4npaper> watch someone else make a killing, then lose all your own gains
[13:33:32] <t4npaper> sucks
Session Close: Thu Nov 07 18:58:49 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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