Login    Forum    Search    FAQ



Post new topic Reply to topic Bookmark and Share  [ 1 post ] 
Author Message
 Post subject: November 15th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Nov 15, 2013 9:24 pm 
Offline
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:
111513-Key-Price-Action-Markets.png
111513-Key-Price-Action-Markets.png [ 527.68 KiB | Viewed 209 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: Fri Nov 15 08:58:09 2013
Session Ident: ##TheStrategyLab
[08:58:09] * Now talking in ##TheStrategyLab
[08:58:09] * 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'
[08:58:09] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:58:09] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:28] <tomis170> hi all
[09:31:20] <wrbtrader> Good morning all
[09:34:46] <wrbtrader> Short Emini ES futures @ 1789.25 large size 20 contracts
[09:34:51] <NDW> good morning
[09:35:17] <wrbtrader> Shorts Emini TF @ 1109.40 -> medium size
[09:35:29] <wrbtrader> 4 contracts
[09:35:55] <wrbtrader> stale mate :(
[09:37:18] <wrbtrader> Covered all Emini TF Short @ 1108.80 --> + 0.6
[09:38:11] <wrbtrader> Cover all Emini ES futures @ 1788.50 +0.75
[09:39:45] <wrbtrader> Key Market Events @ 1000am est
[09:41:02] <wrbtrader> Shorts Emini ES @ 1788.75 -> large size
[09:41:16] <wrbtrader> 30 contracts
[09:43:17] <wrbtrader> I don't like what just showed up in the price action
[09:43:20] <wrbtrader> :(
[09:43:52] <NDW> YM stalled 10 mins ago, not cooperating
[09:43:53] <wrbtrader> Covered all Emini ES Short @ 1788.75 --> 0
[09:44:13] <wrbtrader> Yeah, Emini TF just stalled too
[09:44:25] <wrbtrader> like some invisible support showed up
[09:51:12] <wrbtrader> Shorts Emini ES @ 1789.50 -> large size
[09:51:34] <wrbtrader> 10+10 contracts
[09:51:55] <wrbtrader> crap...Emini TF decided to be the best mover again
[09:53:20] <wrbtrader> Short Emini TF futures @ 1108.00 large size 6 contracts
[09:53:44] <wrbtrader> one of these gotta move
[09:55:39] <wrbtrader> Cover Emini TF futures @ 1107.40 +0.60
[09:55:45] <wrbtrader> just lost my patience
[09:56:13] <canaandog> so long as it's not your marbles :)
[09:57:08] <wrbtrader> WRB pt1 (shallow) reached
[09:57:31] <wrbtrader> Covered all Emini ES Short @ 1789.25 --> + 0.25
[09:58:51] <wrbtrader> Eminis has lately been doing this one hard push down...then a small failed counter-thrust...then a slow creeper price UP movement
[09:59:19] <wrbtrader> Lets see if it does it again...start to slowly rise to new intraday highs
[09:59:42] <Sidhartha> yup. feels like a lot of computers buying VWAP over the day
[10:01:39] <wrbtrader> Long Emini ES @ 1790.50 -> large size
[10:01:55] <wrbtrader> intuition trade
[10:02:02] <wrbtrader> 10 contracts
[10:02:54] <wrbtrader> Exited all Emini ES Long @ 1789.50 --> - 1
[10:03:17] <wrbtrader> TF retesting its most recent reaction low
[10:06:41] <NDW> the eminis are twisted up right now, nothing in sync
[10:07:47] <wrbtrader> Yeah and so is other key markets...sideways price action
[10:07:54] <wrbtrader> I'm now expecting a volatility spike
[10:08:38] <wrbtrader> Short Emini ES futures @ 1789.00 large size 10 contracts
[10:08:56] <NDW> VIX 12.17
[10:09:07] <wrbtrader> scary VIX
[10:11:52] <wrbtrader> Cover all Emini TF futures @ 1790.25 -1.25
[10:12:28] <wrbtrader> Long Emini ES futures @ 1790.50 large size 10 contracts
[10:13:35] <wrbtrader> that Emini ES trade cost me a good entry in Emini TF...got my orders screens mixed up :(
[10:14:07] <wrbtrader> still nothing from Gold and Crude futures...
[10:14:17] <Sidhartha> YM leading the charge up
[10:14:33] <Sidhartha> everything else in a very tight trading range
[10:14:45] <wrbtrader> very strange that they have been so quiet like this for so long after the start of the regular session
[10:15:04] <wrbtrader> Its almost as if a ton of money is bieng pulled out of the markets...
[10:15:13] <wrbtrader> And the FED are the only ones pushing it higher
[10:16:31] <Sidhartha> would make sense
[10:16:53] <wrbtrader> Trading against the FED...not good odds
[10:18:37] <wrbtrader> Cover all Emini ES futures @ 1789.25 -1.25
[10:19:30] <wrbtrader> The range is getting tighter
[10:19:38] <wrbtrader> volatility starting to decline more
[10:23:40] <Sidhartha> limit order market only right now... buy bear bars sell bull bars... only way to make money!
[10:25:33] <wrbtrader> Long Emini ES @ 1790.50 -> large size
[10:25:53] <wrbtrader> 10 contracts
[10:26:10] <wrbtrader> intuition
[10:27:14] <NDW> since 8:43 the ES has been in a steady channel slightly upward
[10:33:37] <wrbtrader> Exited all Emini ES Long @ 1789.50 --> - 1
[10:34:41] <wrbtrader> At least it tried to get above the tight trading range but no support from other key markets
[10:34:48] <wrbtrader> Their dead in the water too
[10:46:48] <wrbtrader> Long Emini ES @ 1790.50 -> large size
[10:47:54] <wrbtrader> 15 contracts
[10:48:38] <wrbtrader> 4 trades @ 1790.50
[10:50:11] <wrbtrader> Additional problem is that the WRB pt1 have been shallow as in 1 - 2 ticks
[10:50:47] <wrbtrader> Exited all Emini ES Long @ 1791.25 --> + 0.75
[10:51:22] <wrbtrader> WRB pt1 reached
[11:01:28] <wrbtrader> Long Emini ES @ 1791.25 -> large size
[11:01:38] <wrbtrader> 30 contracts
[11:01:45] <wrbtrader> volatility increasing
[11:04:35] <wrbtrader> that volatility has dried up again :(
[11:05:42] <wrbtrader> If Emini YM and Dow can keep pushing higher as a creeper up movement...
[11:06:04] <wrbtrader> Eventually the other Emini futures will participate and try to catch up
[11:06:24] <wrbtrader> Until then...today is all about the FED pushing the Dow
[11:06:56] <wrbtrader> "print more money"
[11:10:53] <NDW> the political fallout from the ACA and the govt. shutdown is wreaking havoc on the markets for us short term traders
[11:11:12] <wrbtrader> Apparently so :(
[11:11:34] <wrbtrader> Things just have not been the same every since that "fiasco" happen.
[11:12:27] <NDW> I think it will continue when the debt ceiling debate rolls around first of the year
[11:12:30] <wrbtrader> I'm surprise that Emini NQ is not much higher or attempting to keep pace with Emini YM
[11:12:39] <NDW> I agree, it is a fiasco
[11:14:43] <wrbtrader> Crude Oil CL futures just mysteriously started to move
[11:14:45] <NDW> NQ is just at the opening price on the day, the YM is way above ......
[11:15:20] <wrbtrader> as if someone showed up late to work
[11:15:34] <wrbtrader> Exited all Emini ES Long @ 1791.25 --> 0
[11:15:54] <NDW> ha, that is funny - taking off for awhile so it will move for you
[11:17:03] <@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.
[11:18:58] <wrbtrader> Shorts Light Crude Oil CL @ 93.78 -> large size
[11:19:13] <wrbtrader> 4+2 contracts
[11:19:30] <wrbtrader> geeesh :(
[11:19:57] <wrbtrader> Covered 1/2 Light Crude Oil CL Short @ 93.70 --> + 0.08
[11:20:10] <wrbtrader> Covered Remainder Light Crude Oil CL Short @ 93.72 --> + 0.06
[11:20:41] <wrbtrader> trade error and then a Houdini Escape
[11:31:04] <wrbtrader> Wow...big contradiction again in the Emini futures
[11:31:25] <wrbtrader> NQ was declining while TF was rising
[11:32:02] <wrbtrader> When I see this I often double check my charts to make sure I'm not hallucinating
[11:32:08] <NDW> NQ and YM as well - schizophrenic market
[11:54:22] <NDW> a little movement downward now
[13:45:09] <tomis170> have a good week end guys
[13:45:10] <tomis170> bye
[14:26:01] <wrbtrader> Long Emini ES @ 1792.00 -> large size
[14:26:32] <wrbtrader> 15 contracts
[14:26:40] <wrbtrader> volatility slowly increasing
[14:27:42] <Sidhartha> and then died again
[14:29:12] <wrbtrader> exactly :(
[14:29:59] <wrbtrader> I use to call that "sucker punched"
[14:30:24] <Sidhartha> yup. pretty much all the emini's broke out at the same time...
[14:30:32] <Sidhartha> could still happen
[14:32:19] <Sidhartha> the dow seems to be leading the bulls
[14:42:30] <wrbtrader> I've lost my patience again :(
[14:44:08] <Sidhartha> yeah you gotta play these trades long if you wanna get anything out of them at the moment
[14:44:36] <wrbtrader> Exited all Emini ES Long @ 1792.00 --> 0
[14:45:01] <wrbtrader> rarely do I get 3 breakeven trades in a trading day
[14:45:14] <wrbtrader> Just tough to manage to patience today
[15:03:24] <wrbtrader> Long Emini ES @ 1793.00 -> large size
[15:06:18] <wrbtrader> Exited all Emini ES Long @ 1793.00 --> 0
[15:06:37] <wrbtrader> That may have been my breaking point :(
[15:06:50] <NDW> dried up - terrible price action
[15:07:39] <NDW> I made a little this morning during the "volatility", but have called it a week.
[15:10:20] <wrbtrader> Long Emini TF @ 1114.00 -> large size
[15:10:33] <wrbtrader> 6 contracts
[15:20:23] <wrbtrader> Exited all Emini TF Long @ 1114.50 --> + 0.5
[15:20:51] <NDW> Woo Hoo!! A trade that actually moved a little. :)
[15:29:36] <wrbtrader> Long Emini ES @ 1794.50 -> large size
[15:30:03] <wrbtrader> 10 contracts
[15:39:15] <wrbtrader> Exited all Emini ES Long @ 1794.50 --> 0
[15:40:03] <wrbtrader> I know my trails are tight but I just can't take a chance and get nailed for a big loss with this strange price action
[15:40:27] <wrbtrader> It'll be almost impossible to recover from a big loss in this type of price action
[15:59:36] <t4npaper> TF not in line withe other eminis
[16:00:25] <NDW> 3 cousins ran up to new HOD, 1 cousin didn't follow
[16:13:40] <NDW> have a good weekend all.
[18:20:24] <wrbtrader> Take care all and have a nice weekend
Session Close: Fri Nov 15 20:07:56 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


Top 
 Profile E-mail  
 
Display posts from previous:  Sort by  
 
Post new topic Reply to topic Bookmark and Share  [ 1 post ] 


Who is online

Users browsing this forum: No registered users and 3 guests

 
 

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr