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 Post subject: January 9th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Jan 09, 2014 10:38 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
Free Trading Room: http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5
Business Hours: 8am - 5pm est (Mon - Fri)
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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:
010914-Key-Price-Action-Markets.png
010914-Key-Price-Action-Markets.png [ 549.44 KiB | Viewed 140 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 Jan 09 09:06:43 2014
Session Ident: ##TheStrategyLab
[09:06:43] * Now talking in ##TheStrategyLab
[09:06:43] * 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'
[09:06:43] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:06:43] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:23:02] <NDW> GM all, let's have a good trading day!
[09:24:01] <craigaudio> yeehaa lets go for it! :-)
[09:45:58] <TigermanTrader> gm all
[09:46:32] <NDW> nice scalp in TF to start the day out
[09:47:00] <NDW> S TF 1157.9 exit 1157.4 1 c.
[09:52:12] <wrbtrader> Shorts Emini TF @ 1157.90 -> medium size
[09:52:22] <wrbtrader> 4 contracts
[09:53:32] <TigermanTrader> sh iwm 115.12
[09:54:32] <TigermanTrader> exit iwm at 115.24 -12 tk
[09:55:53] <wrbtrader> Covered all Emini TF Short @ 1158.70 --> - 0.8
[09:57:11] <TigermanTrader> I ll lokk x re enter short
[09:58:11] <wrbtrader> Long Emini TF @ 1159.40 -> large size
[09:58:17] <wrbtrader> late post
[09:58:25] <wrbtrader> 6 contracts
[09:59:51] <wrbtrader> Long Emini TF @ 1158.90 -> Add
[10:00:00] <wrbtrader> 3 added
[10:00:51] <TigermanTrader> lg iwm 115.32
[10:02:00] <TigermanTrader> exit iwm 115.21 - 11 tk
[10:02:02] <TigermanTrader> :(
[10:02:56] <TigermanTrader> now I m going to use new tools
[10:03:10] <TigermanTrader> older no works till now
[10:04:49] <TigermanTrader> nasty contraction I hate that
[10:06:47] <wrbtrader> Exited 1/3 Emini TF Long @ 1159.30 --> + 0.4
[10:07:03] <wrbtrader> snap back
[10:07:39] <TigermanTrader> damn lo liq in iwm
[10:08:47] <TigermanTrader> sh iwm 115.12
[10:08:55] <wrbtrader> Exited all Emini TF Long @ 1156.70 --> - 2.7
[10:09:09] <TigermanTrader> correction sh iwm 115.14
[10:09:34] <TigermanTrader> exit iwm at 114.06 +8 tk
[10:10:05] <wrbtrader> Gap fill in DIA
[10:11:40] <wrbtrader> Gap fill in QQQ
[10:11:54] <wrbtrader> GAP fill in SPY
[10:14:18] <TigermanTrader> sh iwm 11.91
[10:14:24] <TigermanTrader> 114.91
[10:15:16] <wrbtrader> Shorts Emini TF @ 1155.30 -> large size
[10:15:29] <wrbtrader> Shorts Emini TF @ 1155.10 -> large size
[10:15:41] <wrbtrader> 6 contracts
[10:16:20] <TigermanTrader> exit iwm 114.8 +10 tk
[10:16:34] <wrbtrader> Covered all Emini TF Short @ 1154.70 --> + 0.4
[10:17:37] <wrbtrader> Shorts Emini TF @ 1154.60 -> large size
[10:17:46] <wrbtrader> 6 contracts
[10:17:51] <wrbtrader> Short Emini ES futures @ 1832.50 large size 20 contracts
[10:18:23] <TigermanTrader> sh iwm 11.8
[10:18:39] <wrbtrader> Exit all Emini ES futures @ 1832.50 -0.00
[10:18:41] <TigermanTrader> exit iwm 114.76 +4tk
[10:19:09] <wrbtrader> a lot of snap backs today
[10:20:50] <wrbtrader> Short Emini ES futures @ 1832.50 large size 10+10 contracts
[10:20:55] <wrbtrader> re-entry
[10:21:27] <wrbtrader> Exit all Emini ES futures @ 1832.00 +0.50
[10:21:37] <TigermanTrader> sh iwm 114.79
[10:21:37] <wrbtrader> early exit
[10:21:55] <wrbtrader> Covered all Emini TF Short @ 1154.00 --> + 0.6
[10:21:55] <TigermanTrader> exit iwm 114.75 +4tk
[10:22:01] <wrbtrader> early exit
[10:22:25] <wrbtrader> early exits because I'm making an adjustment to the snap backs
[10:22:30] <TigermanTrader> my error today was to enter too early
[10:22:36] <TigermanTrader> at first trades
[10:22:56] <TigermanTrader> and do a long without a good reason to do it
[10:23:07] * Retrieving ##TheStrategyLab modes...
[10:26:13] <wrbtrader> Shorts Emini TF @ 1153.70 -> large size
[10:26:24] <wrbtrader> 6+3 contracts
[10:27:10] <robbin_banks> long emini Es @1832.00 10 contracts
[10:29:56] <robbin_banks> exit all contracts es long @1832.75 +.75
[10:31:03] <wrbtrader> Short Emini ES futures @ 1832.50 large size 30 contracts
[10:31:08] <wrbtrader> late post
[10:31:30] <wrbtrader> lets see if that snap back shows up now
[10:33:28] <TigermanTrader> sh iw 114.84
[10:33:32] <wrbtrader> Exit all Emini ES futures @ 1832.25 +0.25
[10:33:37] <TigermanTrader> exit iwm 114.79 + 5tk
[10:33:38] <wrbtrader> it tried
[10:33:59] <wrbtrader> Short Emini ES futures @ 1832.25 large size 20 contracts
[10:34:05] <wrbtrader> re-entry
[10:36:07] <wrbtrader> Exit all Emini ES futures @ 1831.75 +0.50
[10:36:23] <wrbtrader> another shake out :(
[10:36:41] <wrbtrader> I'm going to leave Emini ES alone
[10:36:49] <TigermanTrader> this us market too chopyy
[10:37:09] <TigermanTrader> I mean I followed HSI this morning
[10:37:19] <wrbtrader> Had a few good swings at it and didn't get what I wanted
[10:37:20] <TigermanTrader> that was a move !!! :)
[10:39:14] <wrbtrader> Shorts Emini TF @ 1155.10 -> Add
[10:39:21] <wrbtrader> 3 added
[10:40:17] <wrbtrader> Covered 1/4 Emini TF Short @ 1154.70 --> + 0.4
[10:40:53] <wrbtrader> snap back
[10:40:56] <wrbtrader> geeesh
[10:41:18] <wrbtrader> somebody of groups doing this...
[10:41:25] <wrbtrader> They are a pain in the butt
[10:41:44] <wrbtrader> WRB pt1 reached
[10:42:11] <TigermanTrader> sh iwm 114.78
[10:42:36] <TigermanTrader> exit iwm at 114.64 +14 tk
[10:45:33] <wrbtrader> Covered Remainder Emini TF Short @ 1150.70 --> + 3
[10:45:35] <wrbtrader> Reminder: You know its a crappy price action when I get a nice trade and I'm still complaining about the price action :(
[10:45:40] <wrbtrader> WRB pt2 reached
[10:46:31] <wrbtrader> I had the position size right on the Emini ES trades but couldn't hold them because of the snap backs
[10:47:25] <wrbtrader> Also, I tend to keep tighter stops on Emini ES futures in comparison to Emini TF futures
[10:47:51] <wrbtrader> because I don't get as many chances to recover from a bad trade in Emini ES like I can get in Emini TF futures
[10:50:56] <NDW> WRB: What is your thinking to limit your contract sizing in the TF as compared to the ES? The TF seems to offer a better return on the moves it makes as of late.
[11:03:51] <wrbtrader> Shorts Emini TF @ 1149.90 -> medium size
[11:03:58] <wrbtrader> 4 contracts
[11:04:32] <@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.
[11:05:33] <@wrbtrader> WRB pt1 reached
[11:06:13] <@wrbtrader> Covered all Emini TF Short @ 1148.50 --> + 1.4
[11:08:47] <@wrbtrader> SPY briefly dropped below yesterday's lows
[11:11:26] <TigermanTrader> sh es 1824.5
[11:13:37] <TigermanTrader> exit es 1826
[11:13:45] <TigermanTrader> -1.5 pt
[11:31:02] <TigermanTrader> take care all see next time
[12:15:29] <robbin_banks> short Es mini @1828.25 10 contracts
[12:28:41] <robbin_banks> exit all ES mini short @1829.50 -1.25
[12:52:54] <robbin_banks> short es mini @1832.75 10 contracts
[12:53:27] <robbin_banks> 1830.75 correction
[13:01:19] <robbin_banks> exit all es emini @1832.50 -1.75...
[13:02:16] <robbin_banks> geezzz..price is driving right through HG's today, like there not even there!! what gives...
[13:03:26] <craigaudio> robbin were you looking at ES 5min WRWB. 32 25 to 28 75 for a short area?
[13:04:06] <robbin_banks> yes ..exactly
[13:04:41] <craigaudio> 28 75 area i thought might hold but failed
[13:05:42] <robbin_banks> yeah me too...
[13:05:58] <craigaudio> guess non farm tomrrow
[13:06:07] <craigaudio> didnt want new lows
[13:06:29] <robbin_banks> normally i get something..maybe a BE...but not today
[13:08:02] <@wrbtrader> European Stocks Decline as Draghi Warns Danger Not Over (Bloomberg) @ http://www.bloomberg.com/news/2014-01-0 ... eting.html
[13:24:12] <robbin_banks> long es mini @1830
[13:24:21] <robbin_banks> 1830.75
[13:24:31] <robbin_banks> correction
[13:26:54] <robbin_banks> 20 contracts
[13:42:19] <robbin_banks> if price breaks this 5m HG then im done for the day
[13:44:10] <@wrbtrader> Long Emini TF @ 1154.90 -> small size
[13:44:44] <@wrbtrader> 2 contracts...still mid-day trading session
[13:45:17] <@wrbtrader> very little volatility
[13:45:23] <@wrbtrader> hopefully some shows up soon
[13:49:22] <@wrbtrader> Exited all Emini TF Long @ 1154.30 --> - 0.6
[13:49:50] <@wrbtrader> restesting the R area of a WRB Zone 3min chart
[13:51:12] <robbin_banks> geezz..im not even paying attention ..there was a great short on NQ 10MTF...
[13:54:56] <@wrbtrader> Shorts Emini TF @ 1153.70 -> medium size
[13:55:41] <@wrbtrader> S area being testing of the same WRB Zone 3min chart
[13:56:07] <@wrbtrader> need to be careful here
[13:56:22] <robbin_banks> exit all es mini @1829.00 -1.75
[13:56:40] <@wrbtrader> I still have not recover psychologically from this mornings "snap backs" :)
[13:57:21] <@wrbtrader> Covered all Emini TF Short @ 1153.90 --> - 0.2
[13:57:49] <@wrbtrader> That's a 1 point range the two trades just occurred inside
[13:57:57] <@wrbtrader> no room for errors
[13:58:42] <@wrbtrader> Shorts Emini TF @ 1153.60 -> medium size
[13:58:50] <@wrbtrader> 1+3 contracts
[13:58:53] <@wrbtrader> re-entry
[14:01:05] <robbin_banks> i still havent recovered financally!!lol..
[14:03:16] <@wrbtrader> WRB pt1 reached
[14:03:23] <@wrbtrader> volatility increasing fast
[14:04:21] <@wrbtrader> Covered 3/4 Emini TF Short @ 1150.50 --> + 3.1
[14:09:43] <@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
[14:15:00] <@wrbtrader> WTI Crude Declines to Seven-Month Low on Ample Supply (Bloomberg) @ http://www.bloomberg.com/news/2014-01-0 ... plies.html
[14:47:10] <@wrbtrader> Covered Remainder Emini TF Short @ 1152.60 --> + 1
[14:49:46] <@wrbtrader> Long Emini TF @ 1153.00 -> small size
[14:50:01] <@wrbtrader> 1 contract
[14:54:25] <@wrbtrader> Exited Emini TF Long @ 1153.60 --> + 0.6
[14:54:38] <@wrbtrader> another "sudden" snap back
[14:54:44] <@wrbtrader> spooked me out of the trade
[15:04:46] <robbin_banks> gotta run guys..have a good day..see ya 2marrow...
[15:44:29] <t4npaper> short tf 1152.9
[15:50:52] <t4npaper> exit 1153.7 -.8
[16:00:42] <@wrbtrader> Take care all and see all tomorrow
[16:04:04] <t4npaper> short tf 1155.3
[16:04:13] <t4npaper> 1 contract
[16:10:34] <t4npaper> exit 1154.6 +.7
[16:11:16] <t4npaper> i exited into the expansion :/
Session Close: Thu Jan 09 20:17:44 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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