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 Post subject: January 13th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Mon Jan 13, 2014 6:37 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3022
Location: Canada
Price Action Trading (no technical indicators)
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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.

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

011314-Key-Price-Action-Markets.png [ 515.83 KiB | Viewed 153 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 Jan 13 09:15:40 2014
Session Ident: ##TheStrategyLab
[09:15:40] * Now talking in ##TheStrategyLab
[09:15:40] * 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'
[09:15:40] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:15:40] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:29:14] <TigermanTrader> gm all
[09:29:28] <TigermanTrader> lg CL 92.16
[09:30:51] <TigermanTrader> exit 1/2 CL 92.27 +11 tk
[09:32:20] <TigermanTrader> exit all remainder CL 92.30 +14 tk
[09:34:54] <TigermanTrader> lg ES 1834.75
[09:35:20] <TigermanTrader> lg NQ 3558
[09:36:13] <TigermanTrader> exit 1/2 ES 1835.25 + 2tk
[09:37:09] <TigermanTrader> exit NQ 1/2 3559 + 4 tk
[09:42:20] <TigermanTrader> exit rem es 1835 +1tk
[09:42:55] <TigermanTrader> exit reman nq 3558.25 +1tk
[09:44:01] <TigermanTrader> sh tf 1158
[09:44:09] <TigermanTrader> see it too late
[09:44:15] <TigermanTrader> miss a better entry before
[09:45:00] <TigermanTrader> exit tf 1157.9 + 1tk
[09:46:31] <TigermanTrader> sh nq 3554.25
[09:48:40] <TigermanTrader> exit nq 3555.25 -4 tk
[09:48:42] <wrbtrader> Good morning all...late start for me today
[09:48:55] <TigermanTrader> hi wrbtrader
[09:51:05] <TigermanTrader> sh tf 1155.9
[09:51:17] <TigermanTrader> sh nq 3557.5
[09:52:55] <TigermanTrader> exit nq 3557 + 2tk
[09:53:34] <TigermanTrader> exir tf 1155.9 +0
[09:55:31] <wrbtrader> Key Market Events (KME) today @ 1400pm est
[09:56:10] <wrbtrader> as shown @ http://www.forexfactory.com/calendar.php?day=jan13.2014
[09:58:08] <@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.
[10:02:20] <TigermanTrader> lg tf 1158.9
[10:03:17] <TigermanTrader> exit 1/2 tf 1159.4 +5 tk
[10:07:18] <TigermanTrader> exit rem TF 1159.3 +4 tk
[10:25:39] <TigermanTrader> take care all see next time
[10:25:48] <NDW> see you tomorrow
[10:39:55] <robbin_banks> short es emini @1837.50 10 contracts
[10:42:14] <robbin_banks> cover all es emini shorts @1837.00 +.50
[10:46:22] <@wrbtrader> Dollar Weakens as U.S. Stocks Fluctuate, Nickel Advances (Bloomberg) @ http://www.bloomberg.com/news/2014-01-1 ... gains.html
[10:56:01] <NDW> slow market today
[10:56:13] <@wrbtrader> Agree...very calm.
[10:56:27] <@wrbtrader> Consistent low volatility and range bound
[11:03:58] <robbin_banks> short es mini @1835.50 10 contracts
[11:06:11] <@wrbtrader> Gold GC futures has a nice increasing volatilty the pat 10 minutes
[11:06:57] <robbin_banks> covered all es emini @1834.75 +.75
[11:08:41] <@wrbtrader> Shorts Emini TF @ 1158.60 -> small size
[11:08:52] <@wrbtrader> 1 contract
[11:11:35] <@wrbtrader> increasing volatility in Emini TF futures
[11:13:12] <t4npaper> its trying to get sucked back into the low vol
[11:13:26] <@wrbtrader> Covered Emini TF Short @ 1159.60 --> - 1
[11:16:57] <@wrbtrader> Shorts Emini TF @ 1158.90 -> small size
[11:17:11] <@wrbtrader> 2 contracts
[11:18:11] <NDW> the eminis are a little schizophrenic this morning
[11:30:04] <@wrbtrader> Covered all Emini TF Short @ 1158.80 --> + 0.1
[11:39:54] <@wrbtrader> Long Emini TF @ 1160.20 -> small size
[11:40:19] <@wrbtrader> 2 contracts
[11:57:01] <@wrbtrader> Exited all Emini TF Long @ 1159.30 --> - 0.9
[12:04:29] <@wrbtrader> Shorts Emini TF @ 1157.90 -> medium size
[12:04:48] <@wrbtrader> 3+1 contracts
[12:06:11] <@wrbtrader> Covered all Emini TF Short @ 1157.90 --> 0
[12:07:38] <robbin_banks> long es emini @1833.50 5 contracts
[12:13:00] <robbin_banks> covered all es emini long @1833.75 +.25
[12:18:11] <@wrbtrader> Shorts Emini TF @ 1158.80 -> large size
[12:18:31] <@wrbtrader> 4+2 contracts
[12:20:31] <@wrbtrader> Covered 1/2 Emini TF Short @ 1157.30 --> + 1.5
[12:21:48] <@wrbtrader> Covered Remainder Emini TF Short @ 1157.80 --> + 1
[12:22:09] <@wrbtrader> incorrect
[12:22:26] <@wrbtrader> entry 1157.80
[12:22:56] <@wrbtrader> +0.50 on 1/2 and then -0.00 on the remainders
[12:25:25] <@wrbtrader> Shorts Emini TF @ 1156.50 -> small size
[12:25:35] <@wrbtrader> 3 contracts
[12:25:42] <@wrbtrader> volatility increasing again
[12:25:58] <@wrbtrader> lets see if it can stay around for a minute or so without drying up again
[12:30:43] <@wrbtrader> Covered all Emini TF Short @ 1154.30 --> + 2.2
[12:30:50] <@wrbtrader> WRB pt1 reached
[13:47:06] <t4npaper> trending down since 12
[14:19:52] <@wrbtrader> just got back
[14:20:27] <@wrbtrader> Nice looking directional down movement with lots of failed counter-thrust
[14:21:20] <NDW> sure is a nice down move, but it was in spurts and gasps
[14:34:35] <@wrbtrader> Shorts Emini TF @ 1147.70 -> medium size
[14:34:48] <@wrbtrader> 2+2 contracts
[14:36:00] <@wrbtrader> :(
[14:36:10] <NDW> Vix is a little lower today (11.0 - 12.8) so far
[14:36:18] <NDW> 11.9
[14:37:26] <@wrbtrader> Covered all Emini TF Short @ 1146.30 --> + 1.4
[14:37:37] <@wrbtrader> correction
[14:37:55] <@wrbtrader> Covered all Emini TF Short @ 1147.30 --> + 0.4
[14:38:08] <@wrbtrader> It's a Houdini Escape
[14:38:51] <@wrbtrader> I'm now expecting this to develop some legs to stand up on and I didn't want to be Short with 4 contracts if/when it does
[14:39:30] <@wrbtrader> Simply, I prefer a lower position size for any Short positions as I start to wait for a bullish signal
[14:39:50] <@wrbtrader> until that bullish bias stops developing
[14:40:17] <robbin_banks> i agree with you..im kinda looking for a stand up as well..
[14:42:32] <@wrbtrader> Long Emini TF @ 1147.40 -> small size
[14:42:43] <@wrbtrader> 2 contracts
[14:42:47] <@wrbtrader> intuition
[14:43:17] <@wrbtrader> will dump it if a volatility spike doesn't show up soon
[14:43:38] <@wrbtrader> Exited all Emini TF Long @ 1147.40 --> 0
[14:46:09] <@wrbtrader> Shorts Emini TF @ 1147.00 -> small size
[14:46:19] <@wrbtrader> 1 contract
[14:46:46] <@wrbtrader> tight stop
[14:49:01] <@wrbtrader> Covered Emini TF Short @ 1145.90 --> + 1.1
[14:49:09] <@wrbtrader> WRB pt1 reached
[14:49:22] <robbin_banks> geezz...down,down down today
[14:49:55] <robbin_banks> at least we got movement though
[14:50:18] <@wrbtrader> Yeah...I gave up earlier today when the price action died...
[14:50:46] <@wrbtrader> decided to go do some grocery shopping
[14:51:18] <@wrbtrader> Had a long lunch too and came back to find a nice creeper downment
[14:51:56] <@wrbtrader> Shorts Emini TF @ 1144.90 -> medium size
[14:52:08] <@wrbtrader> volatility increasing again
[14:53:23] <@wrbtrader> Covered all Emini TF Short @ 1144.60 --> + 0.3
[14:53:41] <@wrbtrader> There's that chop again soon after the increasing volatility...
[14:54:06] <@wrbtrader> It's that type of price action that makes me think the price action is trying to find some support
[14:54:23] <NDW> follow through is hard to find today in these trades
[14:54:25] <@wrbtrader> That happen before at the R area of a WRB Zone
[14:54:34] <@wrbtrader> Now its happening lower at the S area of a WRB Zone
[14:55:11] <@wrbtrader> prior trade 4 contracts
[14:57:23] <@wrbtrader> It needs to hold here to prevent a volatility spike downwards through the S area
[15:05:30] <@wrbtrader> Shorts Emini ES @ 1814.00 -> large size
[15:05:54] <@wrbtrader> 15 contracts
[15:06:08] <@wrbtrader> another failed counter-thrust
[15:06:17] <@wrbtrader> too slow to react to it :(
[15:08:05] <@wrbtrader> Covered all Emini ES Short @ 1812.00 --> + 2
[15:08:16] <@wrbtrader> WRB pt1 reached
[15:08:58] <t4npaper> missed all this dropping
[15:09:14] <t4npaper> oh well
[15:09:35] <@wrbtrader> Were you busy doing something else ?
[15:09:51] <t4npaper> sleeping during the first drop
[15:09:58] <t4npaper> out eating for the rest
[15:10:01] <t4npaper> :)
[15:10:10] <t4npaper> no worries, i'm positive for the day
[15:10:32] <@wrbtrader> The trend movement begin during the mid-day...
[15:10:52] <@wrbtrader> Those are the ones that occur unexpectantly if there's no key market events to trigger it
[15:10:57] <t4npaper> right, the low volatility earlier put me to sleep, literaly
[15:11:44] <@wrbtrader> Maybe there was breaking news today...not sure because I wasn't here when the trend downwards started
[15:11:45] <t4npaper> i'm back now, we'll see if anything shows up
[15:14:05] <@wrbtrader> Yeah...not fun missing a trend day or strong continuation price action like this.
[15:14:27] <@wrbtrader> We only get a few of these per month
[15:15:08] <craigaudio> ive not had many WRBs in ES to short unfortunately.
[15:15:14] <craigaudio> kinda sloped off
[15:17:40] <t4npaper> short TF 1142.4
[15:19:38] <t4npaper> spooky down here
[15:23:59] <t4npaper> :(
[15:25:12] <t4npaper> exit 2/3 1142.1 +.3
[15:27:24] <t4npaper> exit remainder .1
[15:28:23] <t4npaper> i didnt expect much after the pullbacks
[15:28:37] <t4npaper> pretty sure its trying to find legs
[15:28:50] <@wrbtrader> Not much time remaining in the trading day to develop new WRB Zones...
[15:29:42] <@wrbtrader> Thus, the price action needs to retrace back upwards into the range of recently new WRB Hidden GAPs or WRB Zones to setup any trade signals for me...Long or Short
[15:30:18] <@wrbtrader> Needs to get above the 1144.70
[15:37:26] <t4npaper> nq holding for now
[15:38:00] <robbin_banks> gotta go guys..up alittle..so not a bad day, i guess..take care all...thank you!
[15:42:37] <t4npaper> i might throw 1 contract after a long
[15:42:48] <t4npaper> intuition
[15:43:35] <t4npaper> surely people would like to cover some time
[15:44:41] <NDW> one would think so
[15:46:47] <t4npaper> no spider sense on that one
[15:54:14] <@wrbtrader> Tic Toc...time running out for Emini TF futures to get to 1144.70
[15:55:56] <t4npaper> short TF 1143.4
[15:56:24] <NDW> it is getting close to 1144.7
[15:59:15] <@wrbtrader> Long Emini TF @ 1144.80 -> small size
[15:59:30] <@wrbtrader> 3 contracts
[15:59:46] <t4npaper> exit 1145.4 -2
[16:00:34] <t4npaper> end of day price action got me
[16:01:04] <@wrbtrader> Exited all Emini TF Long @ 1146.40 --> + 1.60
[16:02:39] <@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
[16:03:13] <@wrbtrader> Long Emini TF @ 1146.00 -> small size
[16:03:23] <@wrbtrader> 2 contracts
[16:04:28] <@wrbtrader> Exited all Emini TF Long @ 1146.10 --> + 0.1
[16:04:48] <@wrbtrader> Take care all and see all tomorrow
[16:05:02] <NDW> have a good evening
Session Close: Mon Jan 13 16:28:40 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
Go Back To TheStrategyLab.com Homepage

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