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 Post subject: January 8th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Jan 09, 2014 10:36 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2899
Location: Canada
Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
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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:
140108161026-dow-4p-620xa[1].png
140108161026-dow-4p-620xa[1].png [ 21.08 KiB | Viewed 115 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 Jan 08 08:02:01 2014
Session Ident: ##TheStrategyLab
[08:02:19] * 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'
[08:02:19] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:02:19] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:39] <TigermanTrader> gm all
[09:46:57] <TigermanTrader> sh spy 183.35
[09:47:05] <TigermanTrader> volume trade
[09:50:19] <wrbtrader_away> Short Emini ES futures @ 1827.50 large size 20 contracts
[09:50:39] <wrbtrader_away> Shorts Emini TF @ 1147.40 -> large size
[09:50:45] <wrbtrader_away> 6 contracts
[09:51:04] * wrbtrader_away is now known as wrbtrader
[09:51:44] <wrbtrader> Exit all Emini ES futures @ 1826.50 +1.00
[09:53:24] <TigermanTrader> exit all SPY at 183.03 +32 tk
[09:54:12] <wrbtrader> Covered all Emini TF Short @ 1148.70 --> - 1.3
[09:56:12] <wrbtrader> Shorts Emini TF @ 1149.00 -> large size
[09:56:19] <wrbtrader> 6 contracts
[09:56:23] <wrbtrader> re-entry
[09:56:41] <TigermanTrader> sh SPY 183.11
[09:57:45] <wrbtrader> Covered all Emini TF Short @ 1149.50 --> - 0.5
[09:59:29] <TigermanTrader> exit spy at 183.15 -4 tk
[09:59:33] <wrbtrader> Long Emini TF @ 1149.90 -> large size
[09:59:43] <wrbtrader> 4+1+1 contracts
[09:59:54] <TigermanTrader> lg spy 183-23
[10:00:10] <TigermanTrader> lg iwm 114.36
[10:00:14] <wrbtrader> geeesh
[10:00:17] <wrbtrader> snap back
[10:03:53] <TigermanTrader> exit 1/2 spy at 183.35 +12 tk
[10:04:31] <TigermanTrader> exit 1/2 iwm @ 114.6 +24 tk
[10:04:51] <wrbtrader> Exited 1/2 Emini TF Long @ 1152.40 --> + 2.5
[10:05:09] <wrbtrader> WRB pt1 reached plus a few ticks more
[10:05:54] <wrbtrader> Exited Remainder Emini TF Long @ 1153.00 --> + 3.1
[10:06:36] <wrbtrader> Not often do I catch a +3.1 trade and still feel like the price action sucks :(
[10:07:41] <TigermanTrader> exit all remainder spy @ 183.43 +20 tk
[10:08:56] <TigermanTrader> exit all remainder IWM @ 183.66 +32 tk
[10:10:52] <TigermanTrader> this trade needs a bigger size
[10:11:08] <TigermanTrader> next time :)
[10:24:37] <wrbtrader> Long Emini TF @ 1155.60 -> small size
[10:24:53] <wrbtrader> 1+1 contracts
[10:26:35] <robbin_banks> long emini ES @1833.50 5 contracts
[10:27:39] <wrbtrader> Exited Emini TF Long @ 1154.70 --> - 0.9
[10:29:44] <wrbtrader> Long Emini TF @ 1150.00 -> small size
[10:29:55] <wrbtrader> 1 contract
[10:30:24] <wrbtrader> Long Emini TF @ 1154.60 -> Add
[10:30:33] <wrbtrader> 2 added
[10:31:05] <TigermanTrader> lg iwm 114.88
[10:31:12] <t4npaper> cl dropping hard
[10:31:25] <TigermanTrader> yep big spike after news
[10:31:26] <robbin_banks> exit all ES long @1834.00 +.50
[10:36:15] <wrbtrader> Exited all Emini TF Long @ 1156.10 --> + 7.6
[10:36:32] <wrbtrader> incorrect
[10:37:25] <wrbtrader> The 1 contract @ 1150 is a typo...should be 1155
[10:37:28] <TigermanTrader> exit 1/2 iwm 115 +12tk
[10:37:45] <wrbtrader> Exited @ WRB pt1
[10:38:34] <TigermanTrader> exit all remainder IWM @ 115.02 +14 tk
[10:38:43] <wrbtrader> +1.1 via 1 contract and +1.5 of each contract in the add
[10:39:47] <wrbtrader> Shorts Light Crude Oil CL @ 93.00 -> small size
[10:39:56] <wrbtrader> 2 contracts
[10:41:12] <wrbtrader> Crude Oil CL futures developing some legs to stand up on
[10:43:18] <wrbtrader> Covered Remainder Light Crude Oil CL Short @ 93.09 --> - 0.09
[11:02:01] <robbin_banks> short NQ emini @1832.50 3 contracts
[11:04:40] <robbin_banks> not NQ ...ES emini
[11:06:10] <robbin_banks> short Nq emini @3563.25 3 contracts
[11:07:34] <robbin_banks> covered ES emini short at 1832.25 +.25...
[11:09:53] <robbin_banks> covered emini NQ @3560.25 +3.0
[11:17:13] -ChanServ- wrbtrader is not on ##WRB_Analysis.
[11:17:34] <@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.
[11:18:31] <@wrbtrader> Shorts Light Crude Oil CL @ 93.01 -> small size
[11:18:43] <@wrbtrader> 2 contracts
[11:20:38] <t4npaper> some volatility cropping up
[11:22:16] <@wrbtrader> Covered all Light Crude Oil CL Short @ 93.00 --> + 0.01
[11:22:35] <@wrbtrader> early exit because I'm now trying to find a trade in Emini TF futures
[11:23:03] <@wrbtrader> too difficult for me to manage Crude CL and Emini TF at the same time
[11:23:18] <@wrbtrader> Not a problem when in Emini TF and Emini ES futures at the same time
[11:25:25] <@wrbtrader> Now Crude drops and Emini TF is stuck in a contracting volatility :(
[11:29:21] <@wrbtrader> Shorts Light Crude Oil CL @ 92.89 -> small size
[11:29:31] <@wrbtrader> 3 contracts
[11:29:58] <@wrbtrader> trying to follow the volatility
[11:30:31] <@wrbtrader> Crude now struggling with its volatility inside the range of a recen long lower shadow
[11:32:43] <TigermanTrader> take care see all next time
[11:34:47] <t4npaper> short cl 92.99
[11:35:28] <@wrbtrader> Covered all Light Crude Oil CL Short @ 93.00 --> - 0.11
[11:37:12] <t4npaper> exit 93.09 -.1
[11:42:19] <@wrbtrader> TF trying hard to breakout of its contraction...
[11:42:25] <@wrbtrader> it just did
[11:42:33] <@wrbtrader> Crude contracting more now
[11:48:56] <t4npaper> short CL 93.19
[11:50:27] <t4npaper> exit 93.12 +.07
[12:01:50] <@wrbtrader> Shorts Light Crude Oil CL @ 93.10 -> small size
[12:02:19] <@wrbtrader> 1+2 contracts
[12:06:38] <@wrbtrader> That contraction the past few months just loves to show up when I trade. :)
[12:07:04] <robbin_banks> short ES mini @1833.50 10 contracts
[12:08:38] <@wrbtrader> Covered all Light Crude Oil CL Short @ 93.10 --> 0
[12:09:39] <robbin_banks> covered all short ES emini @1832.75 +.75
[12:31:04] <@wrbtrader> Shorts Light Crude Oil CL @ 92.93 -> small size
[12:35:04] <@wrbtrader> Short Emini TF futures @ 1153.20 small size 3 contracts
[12:35:17] <@wrbtrader> that's a trade error but I'm going to hold it
[12:35:53] <@wrbtrader> I needed to be out of this Crude Oil trade before I took that Emini TF trade...a double whammy :(
[12:36:28] <robbin_banks> same thing happeed to me yesterday...creepy feeling
[12:36:37] <@wrbtrader> Exit all Emini TF futures @ 1153.10 -0.10
[12:36:49] <@wrbtrader> Houdini Escape out of the Emini TF trade
[12:37:48] <@wrbtrader> Covered all Light Crude Oil CL Short @ 92.88 --> + 0.05
[12:38:01] <@wrbtrader> Houdini Escape out of the Crude Oil trade
[12:38:12] <@wrbtrader> Now I can start over and try to do it right this time
[12:42:16] <robbin_banks> Looks like I shouldve held that last emini ES short a bit longer..
[12:48:12] <@wrbtrader> Shorts Light Crude Oil CL @ 92.98 -> small size
[12:48:34] <@wrbtrader> 3 contracts
[12:48:36] <@wrbtrader> :(
[12:48:55] <@wrbtrader> I'm going to leave Crude aloe after this trade
[12:49:15] <@wrbtrader> This is just scaper like price action and I'm not good at scalping
[12:50:53] <robbin_banks> agreed..from a newbie perpective i dont see anything..
[12:52:45] <@wrbtrader> Most of the time the price action in Crude CL futures is PRIOR to the regular session when its in contracting volatility on the higher time frames like the Daily chart
[12:52:59] <@wrbtrader> That's where Crude Oil CL futures is currently at
[12:56:13] <@wrbtrader> WRB pt1 (shallow) reached
[12:57:10] <@wrbtrader> come on Eminis...share some of that volatility love with Crude Oil futures :)
[12:57:53] <robbin_banks> Are you saying that the best time to trade CL is prior to the regular session? Am i understanding that correctly?
[12:58:39] <@wrbtrader> Only if you're a storm chaser...
[12:58:45] <@wrbtrader> chasing volatility
[12:59:14] <robbin_banks> ok...Im definately not
[12:59:37] <@wrbtrader> Covered all Light Crude Oil CL Short @ 92.96 --> + 0.02
[13:00:11] <@wrbtrader> I love volatility...its like a big party
[13:00:29] <@wrbtrader> If I hear (see) a party in the "house of volatility"...
[13:00:46] <@wrbtrader> I'll run over there to see if its interesting
[13:00:55] <@wrbtrader> If it is...I'll stay.
[13:01:02] <@wrbtrader> If its not interesting...I go home
[13:01:21] <robbin_banks> LOL!!!!! thats funny stuff
[13:02:11] <@wrbtrader> Big Reminder: Today we have the 2pm est FOMC Minutes report
[13:02:36] <robbin_banks> ohhhh..thats right
[13:03:28] <@wrbtrader> I got my fingers crossed that it'll be like a "block party" with lots of twerking
[13:03:42] <craigaudio> lol
[13:20:14] <t4npaper> vol is bouncing back and forth from crude to minis
[14:01:29] <@wrbtrader> snap back
[14:01:37] <NDW> hard snap
[14:07:28] <craigaudio> chop
[14:10:05] <@wrbtrader> Shorts Emini TF @ 1150.30 -> medium size
[14:10:28] <@wrbtrader> 4 contracts
[14:12:01] <@wrbtrader> Covered all Emini TF Short @ 1150.80 --> - 0.5
[15:00:46] <robbin_banks> thats it for me today..see yall tomorrow..
[15:13:44] <t4npaper> gold continues to rise
[15:17:56] <t4npaper> fomc at 2 seemed to kill the vol
[15:20:52] <@wrbtrader> Shorts Emini TF @ 1150.00 -> large size
[15:21:02] <@wrbtrader> 6 contracts
[15:22:23] <@wrbtrader> Covered 1/2 Emini TF Short @ 1149.70 --> + 0.3
[15:22:51] <@wrbtrader> Covered Remainder Emini TF Short @ 1149.80 --> + 0.2
[15:23:04] <@wrbtrader> Shorts Emini TF @ 1149.70 -> large size
[15:23:09] <@wrbtrader> re-entry
[15:23:21] <@wrbtrader> trail pick pocketed
[15:24:00] <@wrbtrader> 6 contracts
[15:25:35] <@wrbtrader> WRB pt1 (shallow) reached
[15:27:57] <@wrbtrader> Treasuries Fall While Stocks Fluctuate on Fed Minutes (Bloomberg) @ http://www.bloomberg.com/news/2014-01-0 ... slips.html
[15:34:30] <@wrbtrader> geeesh :(
[15:35:23] <NDW> made my scalps for the day, taking off - hope all have a good night and see you tomorrow
[15:41:25] <@wrbtrader> Covered all Emini TF Short @ 1150.20 --> - 0.5
[15:45:15] <@wrbtrader> Long Emini TF @ 1151.70 -> large size
[15:45:25] <@wrbtrader> 4+2 contracts
[15:48:53] <@wrbtrader> WRB pt1 (shallow) reached
[15:50:35] <@wrbtrader> Exited 2/3 Emini TF Long @ 1153.10 --> + 1.4
[15:51:05] <@wrbtrader> Exited Remainder Emini TF Long @ 1152.70 --> + 1
[15:55:37] <@wrbtrader> Long Emini TF @ 1153.50 -> medium size
[15:55:44] <@wrbtrader> 4 contracts
[15:56:07] <@wrbtrader> Long Emini ES futures @ 1832.00 large size 10 contracts
[15:56:26] <t4npaper> i'm too slow to join any of this, big lunch
[15:57:06] <@wrbtrader> Exited all Emini TF Long @ 1153.50 --> 0
[15:58:42] <@wrbtrader> Long Emini TF @ 1153.50 -> large size
[15:59:01] <@wrbtrader> 3+3 contracts
[15:59:34] <@wrbtrader> re-entry
[16:00:09] <@wrbtrader> Exited all Emini TF Long @ 1154.40 --> + 0.9
[16:00:19] <@wrbtrader> Exit all Emini ES futures @ 1831.50 -0.50
[16:00:58] <@wrbtrader> Long Emini ES futures @ 1831.75 large size 10 contracts
[16:01:06] <@wrbtrader> re-entry
[16:14:29] <@wrbtrader> Exit all Emini ES futures @ 1832.75 +1.00
[16:22:19] <@wrbtrader> Take care all and see all tomorrow...another tough trading day.
Session Close: Wed Jan 08 16:58:58 2014

-------------------------

##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 Qu├ębec, 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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