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 Post subject: January 10th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Jan 10, 2014 9:45 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2757
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. 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:
011014-Key-Price-Action-Markets.png
011014-Key-Price-Action-Markets.png [ 531.89 KiB | Viewed 85 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 Jan 10 08:25:05 2014
Session Ident: ##TheStrategyLab
[08:25:05] * Now talking in ##TheStrategyLab
[08:25:05] * 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'
[08:25:05] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:25:06] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:27:15] <wrbtrader> Today's 0830am est KMEs have been heavily hyped all week.
[08:27:26] <wrbtrader> Thus, I'm expecting a big volatility movement.
[08:27:55] <wrbtrader> Hopefully I'm not wrong because I made it a special exception to clear my morning schedule so that I can trade earlier today.
[08:28:21] <craigaudio> gm good trading
[08:33:12] <wrbtrader> Shorts Emini TF @ 1157.50 -> small size
[08:33:29] <wrbtrader> 3 contracts
[08:34:19] <wrbtrader> choppy in the contraction of the volatility after the big spike down
[08:34:39] <wrbtrader> WRB pt1 reached
[08:35:40] <wrbtrader> Covered all Emini TF Short @ 1153.10 --> + 4.4
[08:37:44] <wrbtrader> Glad I made an exception this morning to trade via having the ex take the kids to school this morning so that I can start my trading day one hour early instead of 0930am est :)
[09:01:19] <Leopard70> :-)
[09:17:49] <wrbtrader> Most in here trade the Emini futures
[09:18:34] <wrbtrader> Typically the 0830am est key market event first WRB Hidden GAP is filled whenever the price action crosses its WRB Zone
[09:19:14] <wrbtrader> In contrast, today was special because of all the hype by the major financial networks and key market participants.
[09:20:26] <wrbtrader> Simply, this particular 0830am est key market event has produced a WRB Zone that will last the entire trading day even if the price action fills in the WRB Zone of the first WRB Hidden GAP that appeared at/after the key market event
[09:21:19] <wrbtrader> My point...don't ignore the range of that first WRB Hidden GAP whenever price action returns to that price area.
[09:21:42] <wrbtrader> There should be some good trade opportunities in that price area because its a key change in supply/demand
[10:06:30] <wrbtrader> Shorts Emini TF @ 1152.00 -> medium size
[10:06:46] <wrbtrader> 1+2+1 contracts
[10:08:15] <wrbtrader> Covered all Emini TF Short @ 1150.80 --> + 1.2
[10:08:22] <wrbtrader> WRB pt1 reached
[10:24:57] <wrbtrader> Long Emini TF @ 1156.50 -> small size
[10:25:09] <wrbtrader> 1 contract
[10:26:05] <wrbtrader> missed adding to this @ 1156.10
[10:26:08] <wrbtrader> :(
[10:26:49] <wrbtrader> getting a little choopy now
[10:27:16] <wrbtrader> Long Emini TF @ 1155.90 -> Add
[10:27:25] <wrbtrader> 2 added
[10:28:23] <wrbtrader> I need a minimum of 1156.90 to reach my profit goal for the day
[10:29:10] <Leopard70> what's your profit daily goal for 2014 ?
[10:29:11] <wrbtrader> Exited all Emini TF Long @ 1157.20 --> + 2
[10:29:30] <wrbtrader> I don't have one for 2014 except to close the year at a profit.
[10:29:55] <Leopard70> (y)
[10:31:14] <wrbtrader> +1.30 on each contract in the add and +0.70 on the original opening position contract
[10:36:54] <t4npaper> long TF 1155.4
[10:39:53] <t4npaper> long TF 1154.4 Add
[10:46:01] <t4npaper> exit all 1156.4
[10:47:23] <t4npaper> +1 and +2
[10:56:39] <robbin_banks> short es emini @1831.00 5 contracts
[11:01:44] <robbin_banks> +5 more contracrs @1832.00 es emini short
[11:06:41] <robbin_banks> exit all es emini short at 1830.5 __+1.5 and +.5
[11:56:04] <wrbtrader> Here's a Q & A session at the TSL Support free forum that clearly explains how the lifespan of a WRB Zone can change when the markets are hyping a key market event like the one we saw today @ 0830am est @ http://www.thestrategylab.com/tsl/forum ... =61&t=2183
[12:38:55] <robbin_banks> thanks for posting that mr.perry...i need to go back through and re-memorize those critical kme HG's...i had forgotten that there still valid even when filled..so much to learn!!!
[12:42:46] <wrbtrader> The critical KMEs are just "general" info and doesn't imply its critical to you
[12:43:28] <wrbtrader> For example, a critical event like EIA Petroleum Status report to Crude traders is not important to someont that trades the Hang Seng HSI futures
[12:43:42] <robbin_banks> yes i understand..
[12:44:01] <wrbtrader> Therefore, you need to look at all the regular schedule KMEs and then look at the history data of your charts...
[12:45:31] <wrbtrader> Determine which KMEs produce those crazy looking BIG WRB Hidden GAPs to determine if its usually a "critical" KME versus the "miscellaneous" KMEs that produce no swing points or no strong continuation price actions to qualify the first WRB Hidden GAP as a WRB Zone
[12:45:32] <robbin_banks> i intentend too...
[12:46:04] <wrbtrader> Its stuff not discussed in the free study guide but I'm about to post a new updated tutorial chapter 2 with that information.
[12:46:39] <wrbtrader> It should make tutorial chapter 2 more useful because most get lost in that chapter.
[12:46:43] <robbin_banks> lol...ok i get what your saying..
[12:48:07] <robbin_banks> well its one thing to memorize it all...its a whole different thing when price is jumping all over the place and theres money on the table...
[12:48:37] <robbin_banks> actually trading it...takes practice i guess
[13:02:18] <robbin_banks> long es mini 1831.25 5contracts
[13:07:22] <craigaudio> bye guys
[13:07:28] <craigaudio> have a good wkend
[13:08:09] <robbin_banks> exit all es mini long @1831.50 +.25
[13:19:05] <robbin_banks> short NQ Emini @3541.25 10 contracts
[13:24:49] <robbin_banks> short 10 contracts@3542.50 NQ emini
[13:25:20] <robbin_banks> exit all @3541.50
[13:26:32] <robbin_banks> lol..not sure what that came out to be ..was trying to get out ..sorry
[13:27:36] <robbin_banks> it posted +$100.00
[14:43:43] <robbin_banks> gonna call it day...have a great weekend all
[15:12:19] <wrbtrader> Long Emini TF @ 1159.10 -> small size
[15:12:33] <wrbtrader> :(
[15:12:38] <wrbtrader> 1 contract
[15:12:48] <wrbtrader> position size error...
[15:12:59] <wrbtrader> thought I had 4 contracts in there
[15:13:11] <wrbtrader> WRB pt1 reached
[15:14:19] <wrbtrader> Exited Emini TF Long @ 1159.60 --> + 0.5
[15:15:09] <wrbtrader> early exit...target was a WRB Hidden GAP pt1 or the R area of the 0830am est first WRB Hidden GAP that became a WRB Zone
[15:15:26] <wrbtrader> Got some at home distractions here...I'm done for the day
[15:15:36] <wrbtrader> Take care all and see all on Monday
Session Close: Fri Jan 10 20:46:37 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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