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 Post subject: December 16th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Dec 17, 2013 12:22 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. Exceptions for those that are actively posting via private messages or posting at one of our support forums.

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:
121613-Key-Price-Action-Markets.png
121613-Key-Price-Action-Markets.png [ 532.42 KiB | Viewed 236 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 16 09:27:14 2013
Session Ident: ##TheStrategyLab
[09:27:14] * Now talking in ##TheStrategyLab
[09:27:14] * 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'
[09:27:14] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:27:14] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:28:16] <@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.
[09:32:12] <NDW> good morning all
[09:33:10] <canaandog> good morning
[09:35:24] <@wrbtrader> Long Emini TF @ 1110.20 -> medium size
[09:35:38] <@wrbtrader> intuition trade
[09:35:54] <@wrbtrader> had some problems getting long @ 1109.20
[09:36:02] <@wrbtrader> 4+1 contracts
[09:36:38] <@wrbtrader> Huge overnight move in the Eurex/Euronext futures (e.g. DAX
[09:37:45] <@wrbtrader> Exited Emini TF Long @ 1112.30 --> + 2.1
[09:37:47] <@wrbtrader> Holding 2 contract remainders
[09:38:10] <@wrbtrader> WRB pt1 reached
[09:38:27] <NDW> L TF 1111.6 1 c. flat 1112.0 +4 ticks
[09:45:11] <@wrbtrader> Exited Emini TF Long @ 1114.60 --> + 4.4
[09:45:15] <@wrbtrader> Holding 1 contract remainder
[09:45:22] <@wrbtrader> WRB pt2 reached
[09:49:10] <NDW> sweet trade WRB!
[09:49:44] <NDW> L TF 1113.4 1 c. flat 1113.8 +4 ticks; fast mover
[09:50:56] <@wrbtrader> Exited Remainder Emini TF Long @ 1115.60 --> + 5.4
[09:51:21] <@wrbtrader> WRB pt3 reached
[09:55:30] <@wrbtrader> Eurex DAX volatility analysis: contraction the past 15 minutes
[09:58:06] <@wrbtrader> Eminis retesting Down WRB Hidden GAPs and WRB Zones from last Wednesday
[10:12:28] <t4npaper> morning
[10:19:57] <t4npaper> gold rising
[10:27:16] <@wrbtrader> Shorts Emini TF @ 1113.80 -> small size
[10:27:25] <@wrbtrader> 2 contracts
[10:27:42] <@wrbtrader> :(
[10:27:55] <@wrbtrader> looking for a Houdini Escape out of this trade error
[10:29:29] <@wrbtrader> Covered all Emini TF Short @ 1113.80 --> 0
[10:29:54] <t4npaper> gold pressing higher
[10:31:02] <@wrbtrader> Shorts Emini ES @ 1782.50 -> large size
[10:31:07] <t4npaper> now oil's going
[10:31:14] <@wrbtrader> 20 contracts
[10:31:25] <@wrbtrader> geeesh
[10:35:55] <@wrbtrader> Covered all Emini ES Short @ 1782.00 --> + 0.5
[10:36:04] <@wrbtrader> 10 then 10\
[10:36:26] <@wrbtrader> Had a WRB pt1 but the volatility dried up after I decided to go for a WRB pt2 :(
[10:47:40] <NDW> it is rangy now, chop has showed up
[10:48:40] <t4npaper> gold and oil settled down
[10:48:52] <t4npaper> maybe the vol will transfer to minis
[10:54:39] <@wrbtrader> By the way, there's no key market events today except for any breaking news that may show up
[10:54:50] <@wrbtrader> in reference to after 0930am est
[10:56:34] <t4npaper> mostly chop i guess...
[10:57:11] <NDW> FOMC on Wednesday
[11:01:13] <@wrbtrader> thanks for the reminder because I had forgotten about that
[11:01:29] <@wrbtrader> will reschedule an appointment I had for that day
[11:02:36] <@wrbtrader> Shorts Emini TF @ 1112.30 -> medium size
[11:02:51] <@wrbtrader> correction
[11:03:00] <@wrbtrader> Shorts Emini TF @ 1112.20 -> medium size
[11:03:07] <@wrbtrader> 3+1 contracts
[11:03:32] <@wrbtrader> WRB pt1 reached
[11:04:00] <@wrbtrader> Covered 3/4 Emini TF Short @ 1110.50 --> + 1.7
[11:05:08] <@wrbtrader> WRB pt2 reached
[11:13:48] <@wrbtrader> Covered Remainder Emini TF Short @ 1112.10 --> + 0.1
[11:22:49] <t4npaper> everyone went to lunch on the same second?
[11:23:10] <t4npaper> gold back to its rise
[11:26:02] <@wrbtrader> Long Light Crude Oil CL @ 97.49 -> small size
[11:26:11] <@wrbtrader> 2 contracts
[11:27:37] <@wrbtrader> Exited all Light Crude Oil CL Long @ 97.53 --> + 0.04
[11:27:50] <@wrbtrader> WRB pt1 reached but not able to grab it (was too slow)
[11:29:42] <@wrbtrader> Long Emini TF @ 1113.60 -> small size
[11:29:51] <@wrbtrader> 2+1 contracts
[11:30:07] <@wrbtrader> Oil getting choppy...I'll leave it alone
[11:32:53] <@wrbtrader> Exited all Emini TF Long @ 1114.00 --> + 0.4
[11:33:05] <@wrbtrader> WRB pt1 (shallow) reached
[11:50:50] <@wrbtrader> Long Emini ES @ 1781.75 -> large size
[11:51:00] <@wrbtrader> 10 contracts
[12:08:31] <@wrbtrader> Long Emini ES @ 1780.50 -> Add
[12:08:38] <@wrbtrader> 10 added
[12:13:32] <@wrbtrader> Exited 1/2 Emini ES Long @ 1780.25 --> - 0.25
[12:16:38] <@wrbtrader> Long Emini ES @ 1780.25 -> Add
[12:16:47] <@wrbtrader> 10 contracts
[12:30:18] <@wrbtrader> Exited 1/2 Emini ES Long @ 1780.25 --> 0
[12:30:34] <@wrbtrader> :(
[12:31:23] <@wrbtrader> I still have the original losing position from 1781.75
[12:31:41] <@wrbtrader> been trying to protect it with some adds...didn't work
[12:31:52] <craigaudio> where do you bail on the trade stop wise?
[12:33:05] <@wrbtrader> stop at the S area of the 0933am - 0936am est WRB Hidden GAP
[12:33:06] <craigaudio> under the prior pivot low?
[12:33:40] <craigaudio> ok thanks for clarification thoguht so
[12:33:41] <@wrbtrader> I'm up big for the day...its a good spot for me.
[12:34:00] <@wrbtrader> If I was smaller on the profits...it'll be the R area of the same WRB Hidden GAP
[12:34:40] <@wrbtrader> I need to see it get back up to 1781.25 for a stop adjustment to the R area
[12:35:33] <@wrbtrader> a movement to 1782.50 would cause another stop adjustment to breakeven
[12:36:04] <@wrbtrader> meant to 1782.00 for a +0.25 trail protection
[12:37:18] <@wrbtrader> not looking good again but this time is a little different...
[12:37:31] <@wrbtrader> volatility is declining "more" :(
[12:38:08] <@wrbtrader> that freezes me from adding to the position again :(
[12:38:17] <NDW> it's trying
[12:38:19] <@wrbtrader> I'm now expecting a volatility spike here soon
[12:38:37] <@wrbtrader> tighting stop protection to R area of the earlier mentioned WRB Hidden GAP
[12:39:23] <craigaudio> ok thanks for the explanation
[12:40:25] <@wrbtrader> volatility contracting a little more
[12:47:19] <@wrbtrader> volatility trying hard to increase
[12:48:49] <@wrbtrader> Exited Remainder Emini ES Long @ 1780.75 --> - 1
[12:48:59] <@wrbtrader> volatility died
[12:49:10] <NDW> very slow, going to lunch
[12:50:34] <@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
[13:04:33] <@wrbtrader> Shorts Emini ES @ 1778.50 -> large size
[13:04:49] <@wrbtrader> 15+5 contracts
[13:05:03] <@wrbtrader> need to be a little careful here
[13:05:17] <Donnin________> why is that?
[13:05:24] <@wrbtrader> Emini ES inside the range of a WRB Zone (key change in supply/demand)
[13:05:56] <@wrbtrader> Them bulls may show up :(
[13:06:53] <@wrbtrader> Covered 2/3 Emini ES Short @ 1778.25 --> + 0.25
[13:07:08] <@wrbtrader> Covered Remainder Emini ES Short @ 1778.50 --> 0
[13:09:50] <@wrbtrader> Long Emini ES @ 1779.00 -> large size
[13:10:04] <@wrbtrader> 10 contracts
[13:10:14] <@wrbtrader> trade error
[13:10:21] <@wrbtrader> looking for a Houdini Escape
[13:10:52] <@wrbtrader> needed to see more contraction before it attempted to go back upwards
[13:11:44] <@wrbtrader> Exited all Emini ES Long @ 1779.25 --> + 0.25
[13:26:21] <@wrbtrader> Long Emini ES @ 1780.25 -> large size
[13:26:27] <@wrbtrader> 15 contracts
[13:27:06] <@wrbtrader> wanted 5 more contracts on that :(
[13:27:25] <@wrbtrader> that's 3 trade errors today...
[13:27:36] <@wrbtrader> 2 trade entry errors and 1 position size error
[13:29:27] <@wrbtrader> Long Emini ES @ 1780.25 -> Add
[13:29:32] <@wrbtrader> 5 added
[13:30:21] <@wrbtrader> regardless to the result of this trade...its my last trde of the day
[13:33:45] <t4npaper> its trying
[13:33:55] <t4npaper> vol dieing though
[13:41:35] <@wrbtrader> volatility not good again after briefly showing its face...
[13:41:45] <@wrbtrader> too bad it couldn't hang around longer
[13:43:30] <t4npaper> i have reentered my tf long after a breakeven
[13:43:48] <t4npaper> vol is trying
[13:44:28] <@wrbtrader> I don't have the luxury today of doing re-entries off this long position if stopped out for a loss :(
[13:44:57] <@wrbtrader> I reschedule my Wednesday appointments for this afternoon to prevent a conflict witht the FOMC day
[13:45:20] <@wrbtrader> Simply, this trade is on the clock
[13:45:43] <t4npaper> TF retracing
[13:49:27] <t4npaper> Emins trying to sync up
[13:49:51] <@wrbtrader> They need to try harder...I'm about to pull the plug on this trade
[13:50:07] <t4npaper> nearing 2pm
[13:53:04] <t4npaper> moving well now
[13:55:01] <@wrbtrader> Exited 1/2 Emini ES Long @ 1781.50 --> + 1.25
[13:55:54] <@wrbtrader> Exited Remainder Emini ES Long @ 1781.75 --> + 1.5
[13:56:10] <@wrbtrader> Take care all and see all tomorrow
[13:56:17] <craigaudio> bye WRB
[13:56:24] <craigaudio> how com you decided to exit?
[13:56:28] <NDW> adios, nice way to finish the day
[13:56:33] <@wrbtrader> WRB pt1 reached
[13:57:29] <craigaudio> ok so wasnt expecting further targets to hit
[16:17:37] <t4npaper> weak last part of the day, mark lucked out with his reschedule
[16:17:49] <t4npaper> adios
Session Close: Mon Dec 16 17:56:47 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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