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 Post subject: November 14th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Nov 15, 2013 9:20 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:
111413-Key-Price-Action-Markets.png
111413-Key-Price-Action-Markets.png [ 525.07 KiB | Viewed 259 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 14 09:24:20 2013
Session Ident: ##TheStrategyLab
[09:24:20] * Now talking in ##TheStrategyLab
[09:24:20] * 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'
[09:24:20] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:24:20] -cameron.freenode.net:##TheStrategyLab- [freenode-info] channel trolls and no channel staff around to help? please check with freenode support: http://freenode.net/faq.shtml#gettinghelp
[09:24:20] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:29:48] <tomis170> hi all
[09:38:20] <NDW> may be a tight range day after yesterday's runup in the eminis
[09:40:28] <NDW> TF is going rogue, others aren't following it down
[09:45:06] <wrbtrader> Shorts Emini ES @ 1779.25 -> large size
[09:46:31] <wrbtrader> 10 contracts intuition trade
[09:48:41] <wrbtrader> Anybody has sluggish or bad data on Crude Oil CL futures ?
[09:48:50] <wrbtrader> My quotes stuck @ 93.13
[09:49:10] <NDW> mine is working, 93.03 now
[09:49:12] <canaandog> mine seems ok
[09:49:24] <NDW> 93.05
[09:49:25] <canaandog> 93.06
[09:49:55] <canaandog> 11
[09:51:47] <wrbtrader> Covered all Emini ES Short @ 1779.00 --> + 0.25
[09:52:54] <wrbtrader> Shorts Emini ES @ 1779.00 -> large size
[09:53:19] <wrbtrader> re-entry...same reason as prior trade
[09:53:28] <wrbtrader> 20 contracts
[09:54:36] <wrbtrader> Eminis inability to fight hard to go up while in this creeper down movement...bearish.
[09:55:46] <wrbtrader> Key Market Events today @ 1000am, 1030am, 1100am and 1300pm est
[09:55:55] <canaandog> Yellen speaking 5m
[09:56:47] <Sidhartha> likely yellen will create a move one way or another
[09:58:24] <wrbtrader> Covered all Emini ES Short @ 1779.00 --> 0
[09:58:36] <wrbtrader> early exit...need to do a reboot
[09:58:41] <NDW> it is very twitchy
Session Close: Thu Nov 14 10:01:42 2013

Session Start: Thu Nov 14 10:01:42 2013
Session Ident: ##TheStrategyLab
[10:01:42] * Disconnected
Session Close: Thu Nov 14 10:01:42 2013

Session Start: Thu Nov 14 10:09:58 2013
Session Ident: ##TheStrategyLab
[10:09:58] * Now talking in ##TheStrategyLab
[10:09:58] * 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'
[10:09:58] * Set by wrbtrader on Tue Feb 05 08:11:19
[10:09:58] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[10:22:15] <TigermanTrader> gm all
[10:28:37] <wrbtrader> Not much to talk about with this type of price action
[10:28:59] <wrbtrader> Markets so much out of whack most of the trading day...
[10:29:29] <wrbtrader> Not sure to get scared or laugh
[10:29:57] <TigermanTrader> yeah
[10:30:32] <TigermanTrader> VIX is very low
[10:31:42] <Sidhartha> nice day yesterday, but this is ugly...
[10:32:11] <Sidhartha> is this normal after a big trend day mark? i.e. tight trading range action
[10:32:39] <wrbtrader> This is NOT normal price action in any type of scenarios.
[10:32:57] <TigermanTrader> my logic is ... for having a higher VIX we need market fall a lot or not ?
[10:33:08] <wrbtrader> Last time I saw something like this consistently was just prior to the "Dot.com Bubble Burst"
[10:33:31] <TigermanTrader> ok so this conferm my logic wrbtrader?
[10:33:42] <wrbtrader> Yeah, I think we do need a healthy retracement...exactly.
[10:34:21] <wrbtrader> Shave a few hundred points of the markets would be very healthy for the markets...
[10:34:22] <TigermanTrader> so so healthy for anyone bought market higher :)
[10:34:33] <TigermanTrader> no so healthy
[10:34:35] <wrbtrader> May even allow them to go back up...higher than before
[10:36:05] <TigermanTrader> umh higher price then this means lower vola
[10:37:56] <wrbtrader> Not if the counter-thrust back upwards after a healthy retracement were to occur on "high volatility" instead of "low volatility"
[10:38:11] <wrbtrader> meant "increasing volatility" instead of "decreasing volatility
[10:38:24] <TigermanTrader> oh yeah agreed
[10:40:48] <wrbtrader> Long Emini ES futures @ 1782.75 large size 10 contracts
[10:41:10] <wrbtrader> Long Emini TF @ 1108.40 -> medium size
[10:41:20] <wrbtrader> 4 contracts
[10:46:39] <NDW> TF not following ES
[10:47:03] <wrbtrader> crazy how they take turns being NOT insync
[10:47:27] <NDW> certainly is, TF lead down, ES leads up
[10:47:30] <TigermanTrader> lg es 1783.5
[10:49:52] <wrbtrader> Exit all Emini ES futures @ 1784.75 +2.00 via a WRB pt1
[10:51:30] <TigermanTrader> exit ES at 1784.5 +4tk
[10:55:28] <TigermanTrader> vix at yesterday low it say all :(
[10:55:36] <TigermanTrader> near it
[11:09:13] <TigermanTrader> wow we are at overall max in sp500
[11:09:45] <@wrbtrader> Exited all Emini TF Long @ 1107.50 --> - 0.9
[11:09:47] <@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.
[11:16:23] <@wrbtrader> Long Emini TF @ 1107.90 -> medium size
[11:16:34] <@wrbtrader> 5 contracts
[11:19:38] <@wrbtrader> WRB pt1 reached
[11:23:02] <@wrbtrader> thin spreads
[11:24:09] <t4npaper> cl took me hard...
[11:24:38] <@wrbtrader> huge spike in Crude Oil CL futures
[11:25:08] <@wrbtrader> AT least some of the key markets are now in sink with their "increasing volatility"
[11:25:18] <@wrbtrader> WRB pt2 reached
[11:29:00] <@wrbtrader> Exited Emini TF Long @ 1109.80 --> + 1.9
[11:29:05] <@wrbtrader> Holding 1 contract
[11:31:02] <@wrbtrader> Exited Remainder Emini TF Long @ 1108.90 --> + 1
[11:34:42] <t4npaper> i need a miracle
[11:36:16] <t4npaper> cl got my two full stops and i simply dont recover from those
[11:36:37] <@wrbtrader> Long Light Crude Oil CL @ 93.24 -> small size
[11:36:48] <@wrbtrader> 2 contracts
[11:37:33] <@wrbtrader> WRB pt1 reached
[11:40:27] <t4npaper> i should have taken this month off...
[11:40:53] <@wrbtrader> Exited 1/2 Light Crude Oil CL Long @ 93.50 --> + 0.26
[11:47:49] <@wrbtrader> WRB pt2 reached
[11:48:03] <@wrbtrader> Exited Remainder Light Crude Oil CL Long @ 93.63 --> + 0.39
[12:04:24] <tomis170> Shorts Emini NQ @ 3402 «« testing script »»
[12:04:47] <tomis170> not test
[12:07:14] <@wrbtrader> I'm done trading for the day.
[12:18:56] <tomis170> Covered all Emini NQ Short @ 3400.75 --> + 1.25
[12:41:44] <NDW> VIX on the low of the day
[14:42:35] <TigermanTrader> take care all see all next time
Session Close: Thu Nov 14 21:06:47 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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