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 Post subject: November 13th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Nov 13, 2013 2:22 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
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:
111313-Key-Price-Action-Markets.png
111313-Key-Price-Action-Markets.png [ 520.76 KiB | Viewed 231 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 Nov 13 09:31:12 2013
Session Ident: ##TheStrategyLab
[09:31:12] * Now talking in ##TheStrategyLab
[09:31:12] * 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'
[09:31:12] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:31:12] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:32:37] <TigermanTrader> gm all
[09:32:38] <tomis170> Hi all
[09:32:49] <Leopard70> gm
[09:57:21] <wrbtrader> Very little key market events (KME) today @ 1300pm and 1400pm est
[09:58:36] <wrbtrader> Long Emini ES futures @ 1761.25 large size
[09:58:54] <wrbtrader> 10 contracts
[10:00:00] <TigermanTrader> hi wrbtrader that long was because a DCM c1 or because price climb the recent up shadows ?
[10:04:08] <wrbtrader> Exit all Emini ES futures @ 1761.50 +0.25
[10:07:31] <TigermanTrader> hi wrbtrader is interesting here because you exited before a stop get hit
[10:08:19] <TigermanTrader> price stalled near entry and you exited soon
[10:15:14] <wrbtrader> Long Emini TF @ 1099.50 -> large size
[10:16:30] <wrbtrader> 3+3 contracts
[10:18:02] <wrbtrader> Long Emini TF @ 1098.80 -> Add
[10:18:27] <wrbtrader> 3 added
[10:20:35] <wrbtrader> Exited 1/3 Emini TF Long @ 1099.30 --> + 0.5
[10:20:44] <TigermanTrader> [16:15:29] <wrbtrader> Long Emini TF @ 1099.50 -> large size
[10:21:00] <TigermanTrader> hi what triggered that wrbtrader?
[10:24:18] <TigermanTrader> oops sorry wrong windows
[10:29:10] <TigermanTrader> TF now at yesterday close
[10:30:27] <wrbtrader> Exited all Emini TF Long @ 1100.40 --> + 0.9
[10:38:27] <wrbtrader> Tigerman, I'm sending my trades in here from my mobile device today.
[10:38:49] <TigermanTrader> ah ok
[10:38:57] <wrbtrader> I have it setup so that I can't see any messages in here except that I can only get private messages.
[10:39:50] <wrbtrader> Also, I don't know what you meant by DCM c1 or long shadows unless you're talking about something from the free FVB strategy because that strategy talks about c2/c1 intervals.
[10:40:29] <wrbtrader> Maybe you meant price action Creeper Movement that you see me talking about in here.
[10:40:48] <wrbtrader> Yes, price action is rising higher but slowly = Creeper Movement
[10:40:59] <wrbtrader> That's something I like to trade when it happens.
[10:41:04] <TigermanTrader> yep right
[10:41:21] <wrbtrader> My entries are late entries today so far...very late by about 1 point
[10:41:23] <wrbtrader> :(
[10:41:50] <TigermanTrader> ah ok that explain
[10:41:58] <wrbtrader> I've had a lot of "no fills" so far and then decided to market into the trade as late entries at worst prices.
[10:42:21] <TigermanTrader> yep I got a no fill too in SPY
[10:42:48] <TigermanTrader> it is very strange considering is high traded
[10:43:08] <wrbtrader> That's why I exited EARLY that Emini ES futures trade because it retraced back to a price that should have been a nice WRB pt1 had I gotten an early fill.
[10:43:30] <wrbtrader> Thus, that +0.25 really should have been a +1.50 had a gotten the fill I wanted.
[10:43:59] <wrbtrader> Maybe I'm just a little too slow in getting in my orders today...
[10:44:03] <TigermanTrader> yeah chase a entry is always risky I learned that well
[10:44:18] <wrbtrader> Nothing new...happened a few times yesterday too.
[10:45:54] <TigermanTrader> today YM is lazy vs others e-minies
[10:48:34] <wrbtrader> The volatility spike correlations and contracting volatility corelations have been VERY CRAPPY lately.
[10:48:42] <wrbtrader> involving key markets.
[10:48:55] <wrbtrader> If someone doesn't understand what I'm talking about...I'll explain.
[10:49:33] <wrbtrader> If Gold GC futures is doing a volatility spike via a big WRB, WRB Hidden GAP or very long shadow interval...
[10:49:53] <wrbtrader> It doesn't matter which price directions (Up or Down).
[10:50:35] <wrbtrader> What matters is that we want to see Crude Oil, Emini futures, Eurex, EuroFX or Treasuries...
[10:50:53] <wrbtrader> doing the same at the same time or within a minute or so.
[10:51:18] <wrbtrader> Remember, I don't care if Oil is spiking upwards and the Eminis is spiking downwards.
[10:51:33] <wrbtrader> Thus, its not important about the direction of the volatility spike or contraction.
[10:51:58] <wrbtrader> The importance is that they are INSYNC with each other in the volatility movements...spiking or contracting.
[10:52:16] <wrbtrader> When that "insync" happens...trading is less stressful and very profitable.
[10:52:43] <wrbtrader> That insync correlation hasn't been good lately :(
[10:53:03] <wrbtrader> Crude Oil CL futures increasing volatility right now...
[10:53:19] <wrbtrader> While Eminis are contracting (doing nothing)
[10:53:27] <wrbtrader> Key markets not insync
[10:53:56] <wrbtrader> Hopefully the Eminis will react soon (within a minute) regardless if they spike upwards or downwards
[10:54:51] <wrbtrader> That's how I prepare for trades...
[10:55:06] <wrbtrader> If I see one key market spiking in its volatility...
[10:55:38] <wrbtrader> I start getting ready to see if my trading instrument will start to do similar like fashion very soon.
[10:55:53] <wrbtrader> As to the direction of the price action...
[10:56:09] <wrbtrader> I let my trade signals (if one appears) tell me which direction to take the trade.
[10:56:36] <wrbtrader> Next, hopefully the volatility spike shows up in my favor instead of a volatility spike against me.
[10:57:12] <wrbtrader> Today I've been a few steps behind (slow)...reason for the late entries (chasers).
[10:57:18] <wrbtrader> I must be getting old :)
[10:58:20] <TigermanTrader> thanks x explain wrbtrader
[10:58:50] <TigermanTrader> about getting old....
[10:59:05] <wrbtrader> Long Light Crude Oil CL @ 94.23 -> medium size
[10:59:13] <wrbtrader> 4 contracts
[10:59:35] <TigermanTrader> trading is like sport very difficult every year pass
[11:00:23] <wrbtrader> WRB pt1 (shallow) reached
[11:01:19] <wrbtrader> Exited all Light Crude Oil CL Long @ 94.26 --> + 0.03
[11:01:52] <wrbtrader> Held that a little longer instead of taking the WRB target @ 94.33
[11:02:10] <wrbtrader> I thought there was enouogh volatility to push it higher into a WRB pt2 level...
[11:02:29] <wrbtrader> I was wrong...will continue watching for a re-entry opportunity
[11:05:42] <wrbtrader> Gold GC futures increasing volatility
[11:06:24] <wrbtrader> Long Light Crude Oil CL @ 94.28 -> medium size
[11:06:34] <wrbtrader> 4 contracts re-entry
[11:06:58] <wrbtrader> WRB pt1 (shallow) reached due to late entry
[11:07:16] <wrbtrader> missed it @ 94.23
[11:08:58] <wrbtrader> Exited all Light Crude Oil CL Long @ 94.48 --> + 0.2
[11:09:06] <wrbtrader> WRB pt2 reached
[11:21:30] <wrbtrader> SPY, IWM, DIA, QQQ and MDY looks like its a "fill the gap day" and then go on vacation :(
[11:21:55] <wrbtrader> Increasing volatility in the Emini futures
[11:22:29] <wrbtrader> EuroFX futures and Forex EurUsd slowly increasing volatility
[11:22:57] <wrbtrader> Crude Oil CL futures slowly contracting in volatility
[11:56:32] <TigermanTrader> take care all see all next time
[12:01:00] <tomis170> the market is definitely not funny, no moves on any side...
[12:02:42] <wrbtrader> Yeah, its starting to remind me of Monday's afternoon price action
[12:07:30] <tomis170> Should be better tomorrow after Yellen audition
[12:08:07] <wrbtrader> Emerging Market Stocks Extend Slump; Treasuries, Oil Gain (Bloomberg) @ http://www.bloomberg.com/news/2013-11-1 ... lides.html
[12:10:25] <@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.
[12:16:43] <@wrbtrader> Emini futures in full "Zombie attack"...they've risen from the dead.
[12:20:52] <NDW> Ha, that is a good description!
[12:21:07] <@wrbtrader> Long Emini TF @ 1102.20 -> small size
[12:21:51] <@wrbtrader> 3 contracts only...I'm afraid of getting "bitten" in this afternoon price action.
[12:22:09] <@wrbtrader> WRB pt1 (shallow) reached
[12:22:59] <@wrbtrader> Exited all Emini TF Long @ 1103.30 --> + 1.1
[13:49:34] <@wrbtrader> I just got back in...
[13:50:09] <Donnin________> slow day today
[13:50:15] <@wrbtrader> Very nice looking price movement in many different markets
[13:50:50] <@wrbtrader> Yeah, looks like a slow power creeper up movement in the Eminis
[13:51:10] <@wrbtrader> Quiet in here too...hope you guys milking some Long positions.
[13:51:20] <@wrbtrader> Take care all and see all tomorrow.
[13:51:31] <Donnin________> no < tc
[13:52:25] <tomis170> exited too soon on ES...
[17:30:51] <tomis170> Long Emini ES @ 1368
[17:30:55] <tomis170> test
[17:31:55] <tomis170> Exited all Emini ES Long @ 1369 --> + 1 «« testing script »»
Session Close: Wed Nov 13 18:01:10 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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