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 Post subject: December 2nd Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Dec 03, 2013 5:26 am 
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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:
120213-Key-Price-Action-Markets.png
120213-Key-Price-Action-Markets.png [ 515.69 KiB | Viewed 248 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 Dec 02 09:27:20 2013
Session Ident: ##TheStrategyLab
[09:27:20] * Now talking in ##TheStrategyLab
[09:27:20] * 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'
[09:27:20] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:27:21] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:27:34] <canaandog> kme: ISM @1000 et
[09:33:37] <wrbtrader> The first full day after a 1/2 day always produces normal session gaps
[09:34:12] <wrbtrader> Yet, not the case today for the Emini futures open in comparison to Friday's 1/2 close
[09:36:18] <TigermanTrader> gm all
[09:37:15] <TigermanTrader> today my T&S platform chart miss the overnight nession x e-minies
[09:37:38] <TigermanTrader> in contrast others provider have that
[09:37:53] <TigermanTrader> give me some headache
[09:38:12] <wrbtrader> Not exactly...other's have different problems
[09:40:04] <TigermanTrader> oh yeah infact the one have overnight data on CME have bad chart on Liffe uk :)
[09:40:42] <TigermanTrader> seems my data vendor are in holiday
[09:40:46] <wrbtrader> Some folks don't even trade the first full day after a 1/2 trading day...
[09:41:02] <wrbtrader> due to all to consistent data problems from one chart vendor to another.
[09:41:19] <TigermanTrader> yeah agreed
[09:41:27] <wrbtrader> Thus, some would only trade starting tomorrow and ignore today's trading session
[09:41:45] <wrbtrader> I did that for many years...saved me a bundle
[09:42:52] <TigermanTrader> yeah.. curiously some vendor show problem from today
[09:43:08] <TigermanTrader> I mean liffe quote on broker are ok
[09:43:46] <TigermanTrader> in contrast chart are also ok ...but the most recent bar is completly wrong
[09:43:52] <wrbtrader> Again, volatility is unusually low
[09:44:08] <TigermanTrader> only that one
[09:44:30] <TigermanTrader> of course not depend from the holiday in us
[09:44:46] <TigermanTrader> but is another issue add to that
[09:45:00] <TigermanTrader> seems now ES move a little
[10:02:29] <wrbtrader> Been watching Crude Oil CL futures all morning so far...
[10:02:42] <wrbtrader> Nothing there just low volatility tight trading range
[10:03:03] <wrbtrader> will switch my focus to the Emini futures
[10:05:19] <wrbtrader> Many years ago before the 2008 - 2009 financial fiasco...
[10:05:43] <wrbtrader> The 1000am est ISM Manufacturing report produced a tone of volatility
[10:06:10] <wrbtrader> since 2009...rarely do we see any volatile price movements in the markets
[10:06:25] <wrbtrader> via that particular KME (key market event)
[10:07:12] <@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.
[10:07:13] <TigermanTrader> it seems to me any KME produce low follows vs past years
[10:07:59] <TigermanTrader> so after 2008-09 money gone elsewhere
[10:08:09] <@wrbtrader> volatility increasing in Crude Oil CL futures
[10:08:27] <TigermanTrader> or better not enought willing people in markets
[10:08:52] <TigermanTrader> push price up and down with deir demand suppy
[10:09:02] <@wrbtrader> We lost record number of traders and investors the past few years...
[10:09:31] <@wrbtrader> Lets you make an easy guess what's really moving the markets :)
[10:10:08] <TigermanTrader> yeah I need some not so informed people return :)
[10:11:02] <TigermanTrader> simply now money not flow like before for ordinary people
[10:11:43] <TigermanTrader> so most are worry to pay bill and not have too much surplus to put in markets
[10:13:34] <@wrbtrader> Shorts Emini TF @ 1136.30 -> medium size
[10:13:52] <@wrbtrader> 4 contracts
[10:13:59] <@wrbtrader> chasing this one down
[10:14:17] <@wrbtrader> volatility increasing
[10:14:47] <@wrbtrader> snap back
[10:15:14] <@wrbtrader> At least it tried
[10:15:48] <@wrbtrader> Covered all Emini TF Short @ 1137.20 --> - 0.9
[10:15:57] <@wrbtrader> volatility still increasing
[10:17:54] <@wrbtrader> Emini TF fought hard to get back inside that prior range :(
[10:18:27] <@wrbtrader> Shorts Emini TF @ 1137.50 -> medium size
[10:18:33] <@wrbtrader> re-entry
[10:18:40] <@wrbtrader> 4 contracts
[10:20:09] <@wrbtrader> volatility slowing again :(
[10:21:00] <@wrbtrader> more contraction
[10:21:06] <@wrbtrader> on higher lows
[10:26:21] <@wrbtrader> just low volatility range bound price action
[10:26:32] <@wrbtrader> Covered all Emini TF Short @ 1137.40 --> + 0.1
[10:27:29] <@wrbtrader> Emini TF stuck inside the range of the Down WRB Hidden GAP of 0947am est
[10:33:11] <@wrbtrader> The "little" volatility tried hard to get something going...
[10:33:15] <@wrbtrader> Instead it dried up fast
[10:37:14] <@wrbtrader> volatility still declining
[10:37:22] <@wrbtrader> price action still range bound
[10:41:08] <@wrbtrader> Emini TF trying to stay below the prior low volatility tight trading range
[10:42:15] <@wrbtrader> Shorts Emini TF @ 1136.10 -> medium size
[10:42:28] <@wrbtrader> volatility slowly increasing
[10:42:31] <@wrbtrader> 4 contracts
[10:43:51] <@wrbtrader> WRB pt1 reached
[10:47:08] <@wrbtrader> Covered all Emini TF Short @ 1135.20 --> + 0.9
[11:17:14] <@wrbtrader> Shorts Emini TF @ 1137.00 -> medium size
[11:17:28] <@wrbtrader> 4 contracts
[11:17:32] <@wrbtrader> chasing this one down
[11:17:46] <@wrbtrader> got burnt on an earlier trade doing "chasing"
[11:18:58] <@wrbtrader> volatility still trying hard to expand a little more
[11:20:19] <@wrbtrader> contraction showing up now :(
[11:21:09] <@wrbtrader> the 5 tick chasing starting to look painful
[11:21:35] <@wrbtrader> Covered all Emini TF Short @ 1136.80 --> + 0.2
[11:28:11] <@wrbtrader> Shorts Emini TF @ 1136.30 -> medium size
[11:28:35] <@wrbtrader> 4 contracts
[11:28:39] <@wrbtrader> re-entry
[11:29:49] <@wrbtrader> WRB pt1 reached back inside that prior difficult trading area
[11:32:22] <@wrbtrader> still trying
[11:32:38] <@wrbtrader> other key markets volatilit drying up now
[11:32:54] <@wrbtrader> Emini TF now on its own
[11:33:40] <@wrbtrader> Covered all Emini TF Short @ 1135.90 --> + 0.4
[11:39:32] <@wrbtrader> Shorts Emini TF @ 1135.60 -> medium size
[11:39:40] <@wrbtrader> 3+2 contracts
[11:40:31] <@wrbtrader> Prior trade had reached a WRB pt1 but I was not able to grab that WRB pt1
[11:40:46] <@wrbtrader> current trade related to prior trade
[11:40:51] <@wrbtrader> intuition trade
[11:41:52] <@wrbtrader> its slowly increasing volatility but not enough to keep me patient
[11:42:20] <@wrbtrader> WRB pt1 (shallow) reached :(
[11:42:42] <@wrbtrader> was expecting a bigger volatility increase
[11:43:12] <@wrbtrader> decision time
[11:43:31] <@wrbtrader> try for a WRB pt2 on expanding volatility or dump it at the first signs of contraction
[11:44:22] <@wrbtrader> Covered 1/2 Emini TF Short @ 1134.80 --> + 0.8
[11:44:31] <@wrbtrader> WRB pt2 (shallow) reached
[11:44:43] <@wrbtrader> another shallow (small) WRB pt level
[11:45:34] <@wrbtrader> WRB pt2 @ 1134.50
[11:45:56] <@wrbtrader> contracting volatility
[11:46:05] <@wrbtrader> I'm now expecting another volatility spike
[11:46:16] <@wrbtrader> If it doesn't show up...I'm dumping these remainders
[11:47:31] <@wrbtrader> Covered Remainder Emini TF Short @ 1134.40 --> + 1.2
[11:47:40] <@wrbtrader> lost my patience
[11:47:45] <@wrbtrader> time for lunch too
[12:44:01] <TigermanTrader> take care all see next time
[12:54:14] <@wrbtrader> WRB Analysis -> - Chat room for day traders, swing traders, position traders using concepts from WRB Analysis such as contracting volatility, key market event (KME), reaction high/low, WRB, WRB Hidden GAP, WRB Zone, WRB pt levels to help improve understanding of the price action their trading and/or improve the performance of their trade signal strategies while price action trading. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718 or http://www.twileshare.com/user/wrbtrader
[13:11:15] <@wrbtrader> just got back
[13:15:46] <@wrbtrader> Shorts Emini TF @ 1132.80 -> large size
[13:16:06] <@wrbtrader> 6 contracts
[13:16:39] <@wrbtrader> ooouch :(
[13:18:06] <@wrbtrader> Covered 2/3 Emini TF Short @ 1132.50 --> + 0.3
[13:18:26] <@wrbtrader> Covered Remainder Emini TF Short @ 1132.60 --> + 0.2
[13:18:34] <@wrbtrader> sideline...will just watch
[13:37:52] <@wrbtrader> Just got back again and looks like I took a rest break at the wrong time :(w
[13:38:37] <@wrbtrader> Hopefully volatility shows up now that I return :)
[13:38:52] <@wrbtrader> instead of showing up when I'm gone
[13:44:21] <@wrbtrader> Long Crude Oil CL futures @ 93.98 medium size 4 contracts
[13:45:20] <@wrbtrader> Shorts Emini TF @ 1130.90 -> medium size
[13:45:35] <@wrbtrader> 4 contracts
[13:47:37] <@wrbtrader> Exit Crude Oil CL futures @ 93.94 -0.04
[13:48:59] <@wrbtrader> Long Crude Oil CL futures @ 93.96 medium size 2+3 contracts
[13:49:09] <@wrbtrader> re-entry
[13:53:55] <@wrbtrader> Exit Crude Oil CL futures @ 94.00 +0.05
[13:54:47] <@wrbtrader> Held both trades a little too long
[13:55:46] <@wrbtrader> Understanding ##TheStrategyLab -> - Archive chat logs are stored @ http://www.thestrategylab.com/ftchat/forum/ and you can understand some of the words (e.g. Key Market Event, Contracting Volatility, WRB, WRB Hidden GAP, WRB Zone, WRB pt levels) being used here in the chat room for price action trading via the WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[14:02:19] <@wrbtrader> Covered 1/2 Emini TF Short @ 1130.70 --> + 0.2
[14:02:49] <@wrbtrader> WRB pt1 (shallow) reached :(
[14:03:24] <@wrbtrader> WRB pt2 (shallow) reached...another small profit target level :(
[14:04:56] <@wrbtrader> WRB pt3 (shallow) reached
[14:05:06] <@wrbtrader> tiny profit levels so far
[14:05:41] <@wrbtrader> WRB pt4 reached
[14:06:19] <@wrbtrader> Covered Remainder Emini TF Short @ 1129.70 --> + 1.2
[14:06:45] <@wrbtrader> rarely do I get a WRB pt4 or pt3 LESS than +2 points
[14:07:11] <@wrbtrader> Usually the market coughs up +3 or more on a WRB pt3
[15:30:07] <NDWaway> We have a higher VIX today
[15:34:04] <@wrbtrader> Shorts Emini TF @ 1127.40 -> large size
[15:34:16] <@wrbtrader> 6 contracts
[15:35:01] <@wrbtrader> Short Emini ES futures @ 1799.75 large size 15 contracts
[15:36:36] <@wrbtrader> Covered all Emini TF Short @ 1128.40 --> - 1
[15:41:59] <@wrbtrader> Shorts Emini TF @ 1128.70 -> large size
[15:42:14] <@wrbtrader> 6+3 contracts
[15:43:58] <@wrbtrader> Covered 2/3 Emini TF Short @ 1127.50 --> + 1.2
[15:46:31] <@wrbtrader> Exit all Emini ES futures @ 1799.00 +0.75
[15:48:05] <@wrbtrader> early exit on Emini ES futures because I started having some difficulties in trying to manage both trades in TF and ES going into the 4pm est rush hour traffic
[15:54:58] <@wrbtrader> Covered Remainder Emini TF Short @ 1127.20 --> + 1.5
[15:56:58] <@wrbtrader> Shorts Emini ES @ 1798.25 -> large size
[15:57:14] <@wrbtrader> 15+5 contracts
[15:59:17] <@wrbtrader> Covered all Emini ES Short @ 1798.00 --> + 0.25
[15:59:43] <@wrbtrader> WRB pt1 reached but wasn't able to grab it :(
[16:00:47] <@wrbtrader> was too slow to get to the Long side on Emini TF futures
[16:00:56] <@wrbtrader> Take care all and see all tomorrow
Session Close: Mon Dec 02 23:34:46 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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