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 Post subject: November 11th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Nov 12, 2013 8:21 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
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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:
111113-Key-Price-Action-Markets.png
111113-Key-Price-Action-Markets.png [ 501.4 KiB | Viewed 241 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: Mon Nov 11 09:33:36 2013
Session Ident: ##TheStrategyLab
[09:33:36] * Now talking in ##TheStrategyLab
[09:33:36] * 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'
[09:33:36] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:33:36] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:36:11] <wrbtrader> Shorts Emini TF @ 1094.40 -> medium size
[09:36:18] <wrbtrader> 4 contracts
[09:38:10] <wrbtrader> Covered all Emini TF Short @ 1095.40 --> - 1
[09:39:47] <wrbtrader> Shorts Emini TF @ 1094.30 -> medium size
[09:39:57] <wrbtrader> 4 contracts
[09:40:00] <wrbtrader> re-entry
[09:40:46] <wrbtrader> Short Emini ES futures @ 1765.75 large size 10 contracts
[09:41:35] <NDW> volatility showing up now
[09:41:42] <NDW> VIX 12.84
[09:42:03] <wrbtrader> Covered all Emini TF Short @ 1093.80 --> + 0.5
[09:42:52] <wrbtrader> Cover all Emini ES futures @ 1766.75 -1.00
[09:44:01] <wrbtrader> Short Emini ES futures @ 1766.25 large size 10 contracts
[09:44:49] <wrbtrader> Shorts Emini TF @ 1095.30 -> medium size
[09:44:54] <wrbtrader> re-entry
[09:49:07] <wrbtrader> Covered all Emini TF Short @ 1097.30 --> - 2
[09:49:38] <wrbtrader> Cover all Emini ES futures @ 1768.25 -2.00
[09:51:47] <wrbtrader> Long Emini ES @ 1768.75 -> large size
[09:52:00] <wrbtrader> 20 contracts
[09:52:10] <wrbtrader> ouuch
[09:52:54] <NDW> I empathize with you
[09:53:19] <wrbtrader> Exited all Emini ES Long @ 1769.00 --> + 0.25
[09:53:45] <wrbtrader> That was a trade error that I needed to get out of
[09:54:48] <wrbtrader> Long Emini TF futures @ 1099.50 medium size 5 contracts
[09:55:22] <wrbtrader> prior trade was suppose to have been in Emini TF futures instead of Emini ES futures
[10:04:19] <wrbtrader> Exit all Emini TF futures @ 1097.60 -1.90
[10:10:03] <wrbtrader> Long Emini ES @ 1769.25 -> large size
[10:10:12] <wrbtrader> 20 contracts
[10:17:24] <wrbtrader> Long Crude Oil CL futures @ 95.12 large size 5 contracts
[10:19:02] <wrbtrader> Exit all Crude Oil CL futures @ 95.13 +0.01
[10:21:31] <wrbtrader> Long Emini TF futures @ 1096.70 medium size 4 contracts
[10:28:59] <wrbtrader> Exited all Emini ES Long @ 1767.25 --> - 2
[10:29:53] <wrbtrader> Cover all Emini TF futures @ 1094.90 -1.90
[10:32:28] <NDW> tough morning, sorry buddy
[10:32:50] <wrbtrader> 83% of the Bank Holidays always tough
[10:33:37] <NDW> those aren't good odds
[10:34:02] <wrbtrader> It's gotten a little better the past 2 years
[10:35:37] <wrbtrader> low volatility now in full swing
[10:37:25] <wrbtrader> Shorts Emini ES @ 1766.50 -> large size
[10:38:32] <wrbtrader> Short Emini TF futures @ 1094.50 large size 4+4+1 contracts
[10:39:15] <wrbtrader> Emini ES futures 20 contracts (now I wish it was only 10 contracts)
[10:42:42] <wrbtrader> nasty looking Up WRB on increasing volatility
[10:43:04] <wrbtrader> I needed that volatility to stay low
[10:45:43] <wrbtrader> Long Crude Oil CL futures @ 95.20 medium size 5 contracts
[10:49:36] <wrbtrader> Covered all Emini ES Short @ 1768.50 --> - 2
[10:49:59] <wrbtrader> Exit all Crude Oil CL futures @ 96.12 -0.08
[10:50:40] <wrbtrader> Exit all Emini TF futures 1097.50 -3.00
[10:53:35] <wrbtrader> Long Emini ES @ 1768.25 -> large size
[10:53:46] <wrbtrader> Long Crude Oil CL futures @ 95.19 medium size 5 contracts
[10:55:13] <wrbtrader> Long Emini TF futures @ 1098.40 large size 5+4 contracts
[10:56:25] <wrbtrader> volatility dropped again
[10:56:49] <wrbtrader> It's playing hide n seek today :(
[11:00:50] <wrbtrader> volatility dropping more :(
[11:01:52] <wrbtrader> Crude lost it first, follow by TF and the ES...GC still quiet
[11:05:16] <wrbtrader> Exited all Emini ES Long @ 1766.50 --> - 1.75
[11:07:36] <wrbtrader> Exit all Crude Oil CL futures @ 95.08 0.11
[11:09:14] <wrbtrader> Long Emini ES @ 1767.00
[11:09:50] <wrbtrader> 10+10 contracts
[11:11:25] <wrbtrader> Long Crude Oil CL futures @ 95.14 medium size 6 contracts
[11:12:30] <wrbtrader> Gold GC futures still quiet :(
[11:14:20] <wrbtrader> I'm getting great entries into Crude Oil CL futures...just not coughing up any rewards.
[11:16:07] <wrbtrader> Volatility in Crdue Oil CL futures now very low...good chance I'm done here if the volatility doesn't show up because it most likely will not show up later
[11:16:42] <wrbtrader> :( it tried
[11:19:02] <wrbtrader> Exit all Crude Oil CL futures @ 95.14 -0.00
[11:20:14] <wrbtrader> I'm done with Crude Oil CL futures
[11:20:52] <wrbtrader> If the volatility continues dropping for the Eminis...I'll be done with them too
[11:21:16] <wrbtrader> won't try to squeeze a diamond out of a piece of coal
[11:23:05] <wrbtrader> As usual, only good thing about days like today...it sets up a very nice trading day the next day.
[11:23:20] <wrbtrader> Law of Averages
[11:23:34] <NDW> the coal isn't giving up a diamond today. VIX very low, low volume, small range in ES, my signals are mixed = on the sidelines today and do something around the house
[11:24:19] <wrbtrader> range days are usually good for me...
[11:24:28] <wrbtrader> In contrast, I have my most problems on trend days
[11:25:08] <wrbtrader> Bank days like to produce trend days...
[11:25:10] <NDW> the problem in my signals today is that the ES and TF are not cooperating
[11:25:25] <wrbtrader> I rolled the dice that such would happen today (a trend day)
[11:25:42] <wrbtrader> Only reason why I've been holding trades today longer than normal
[11:26:04] <NDW> the emini futures have gone to sleep now
[11:26:55] <wrbtrader> Yeah and the Dow is the only one that hasn't been fluctuating as much in comparison to the other Eminis
[11:31:14] <NDW> Going to take a break and do some other stuff around the office.
[11:52:54] <wrbtrader> Exited all Emini ES Long @ 1768.25 --> + 1.25
[11:54:26] <wrbtrader> Exit all Emini TF futures @ 1100.40 (average) +2.00
[12:00:45] <wrbtrader> Emini futures volatility declining more :(
[12:00:48] <wrbtrader> geeesh
[12:35:36] <wrbtrader> Short Emini ES futures @ 1767.00 large size 25 contracts
[12:39:42] <wrbtrader> Long Emini TF @ 1099.80 -> large size
[12:40:07] <wrbtrader> 6 contracts
[12:41:13] <wrbtrader> Cover all Emini ES futures @ 1767.50
[12:41:17] <wrbtrader> -0.50
[12:42:04] <wrbtrader> Short Emini ES futures @ 1767.50 large size 20+10 contracts
[12:43:34] <wrbtrader> Exited all Emini TF Long @ 1099.50 --> - 0.3
[12:46:43] <wrbtrader> Cover all Emini ES futures @ 1766.75 +0.75
[12:47:09] <wrbtrader> those were intuition trades
[12:47:33] <wrbtrader> In reference to Emini ES futures
[12:52:21] <wrbtrader> volatility had showed up and then just as fast...it went back into a tight trading range
[13:02:32] <wrbtrader> volatility showing up again...it has been killing over within two 4 minutes after showing up
[13:02:47] <wrbtrader> meant 4 minutes (not two minutes)
[15:29:43] <wrbtrader> Long Emini TF @ 1100.30 -> large size
[15:36:19] <wrbtrader> Long Emini ES futures @ 1767.75 large size 20 contracts
[15:36:45] <wrbtrader> added 10 contracts @ 1768.00
[15:38:18] <NDW> Come on ES, help the TF out.....
[15:50:43] <wrbtrader> Exited all Emini TF Long @ 1100.70 --> + 0.4
[15:52:15] <wrbtrader> basically the same tight trading range...stuck in mud for the past few hours
[15:54:34] <wrbtrader> Long Emini TF @ 1100.20 -> large size
[15:54:54] <wrbtrader> 10+5 contracts
[15:58:50] <wrbtrader> Exit Exit Emini ES futures @ 1767.75 -0.00 (10 contracts) and -0.00 (20 contracts)
[15:59:18] <wrbtrader> Dow holding up strongly...everybody else declining :(
[16:01:08] <wrbtrader> I'll be glad when the markets are back insync...its been tough trading the past month.
[16:01:34] <NDW> the ES has one of the flattest lines since 10:00 that I have seen in a very long time. Me also on the in sync.
[16:02:56] <wrbtrader> Exited Emini TF Long @ 1099.20 --> - 1
[16:04:33] <wrbtrader> Yeah, I have not seen the Emini ES like this for a very long time...not even on any 1/2 or holiday trading sessions.
[16:05:12] <wrbtrader> I have some documented notes with me complaining about the same type of price action (markets not insync)...
[16:05:28] <wrbtrader> Those notes are full of similar like complaints for about 3 months.
[16:05:46] <wrbtrader> Just prior to the bubble burst in the late 1990's
[16:07:59] <wrbtrader> Something to keep an eye open for
[16:08:34] <wrbtrader> Same as usual about tomorrow markets...
[16:08:46] <wrbtrader> Today was an incredible tight trading range.
[16:09:02] <wrbtrader> Will be expecting a trend day or strong continuation price action tomorrow
[16:09:16] <wrbtrader> Hopefully it all doesn't occur in the overnight trading session
[16:09:34] <wrbtrader> then giving us very little in the regular trading session
[16:09:41] <wrbtrader> Take care all and see all tomorrow
[16:22:34] <NDW> Maybe globex won't take our opportunity away for tomorrow. Adios to all.
Session Close: Mon Nov 11 20:19:43 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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