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 Post subject: January 14th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Jan 14, 2014 9:51 pm 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 3022
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.

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

011414-Key-Price-Action-Markets.png [ 508.02 KiB | Viewed 157 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: Tue Jan 14 09:25:54 2014
Session Ident: ##TheStrategyLab
[09:25:54] * Now talking in ##TheStrategyLab
[09:25:54] * 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'
[09:25:54] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:25:54] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:57] <wrbtrader> Long Emini ES futures @ 1821.00 large size 20 contracts
[09:32:57] <wrbtrader> Long Emini TF @ 1151.70 -> medium size
[09:33:09] <wrbtrader> 3 contracts
[09:33:29] <wrbtrader> volatility ran into a wall :(
[09:34:38] <wrbtrader> Exited all Emini TF Long @ 1152.00 --> + 0.3
[09:35:35] <wrbtrader> Exit all Emini ES futures @ 1821.00 +0.00
[09:38:09] <wrbtrader> Long Emini ES @ 1820.75 -> large size
[09:38:35] <wrbtrader> 10 contracts
[09:38:41] <wrbtrader> volatility slowly declining
[09:39:31] <wrbtrader> Exited all Emini ES Long @ 1819.75 --> - 1
[09:41:03] <wrbtrader> Shorts Emini ES @ 1818.50 -> large size
[09:41:14] <wrbtrader> 15 contracts
[09:46:16] <wrbtrader> Shorts Emini ES @ 1818.50 -> Add
[09:46:27] <wrbtrader> 15 added
[09:47:45] <wrbtrader> Covered 1/2 Emini ES Short @ 1817.00 --> + 1.5
[09:47:52] <wrbtrader> WRB pt1 reached
[09:50:55] <wrbtrader> Key Market Events @ 1000am, 1245pm, 1320pm est
[09:53:58] <wrbtrader> tightning trail stop for the pending KME
[09:55:48] <wrbtrader> trailing @ profit
[09:56:44] <wrbtrader> WRB pt2 reached
[09:58:24] <wrbtrader> Covered Remainder Emini ES Short @ 1817.75 --> + 0.75
[10:02:52] <wrbtrader> Eminis back at that wall again where the opening volatility surge hit and then suddenly dropped in volatility
[10:05:11] <wrbtrader> Shorts Emini ES @ 1819.25 -> large size
[10:05:25] <wrbtrader> 10 contracts
[10:06:25] <wrbtrader> Covered all Emini ES Short @ 1820.25 --> - 1
[10:08:05] <wrbtrader> Long Emini ES @ 1821.25 -> large size
[10:08:20] <wrbtrader> 10 contracts
[10:09:39] <wrbtrader> Exited all Emini ES Long @ 1821.25 --> 0
[10:10:10] <wrbtrader> tough wall of contracting volatility to break threw
[10:18:04] <wrbtrader> Long Emini TF @ 1153.20 -> medium size
[10:18:17] <wrbtrader> 4 contracts
[10:19:56] <wrbtrader> WRB pt1 reached
[10:21:26] <wrbtrader> Exited all Emini TF Long @ 1154.20 --> + 1
[10:22:57] <@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.
[10:26:16] <@wrbtrader> U.S. 10-Year Yields Rise From 1-Month Low on Retail Sales Gain (Bloomberg) @ http://www.bloomberg.com/news/2014-01-1 ... sales.html
[10:41:32] <@wrbtrader> Long Emini ES @ 1822.50 -> large size
[10:41:48] <@wrbtrader> 10+5 contracts
[10:42:06] <@wrbtrader> volatility slowly increasing
[10:42:32] <@wrbtrader> However, whenever it has done such today...price would then quickly retrace.
[10:57:40] <@wrbtrader> WRB pt1 reached
[10:58:26] <@wrbtrader> Exited 2/3 Emini ES Long @ 1824.50 --> + 2
[10:59:03] <@wrbtrader> WRB pt2 reached
[10:59:18] <@wrbtrader> Exited Remainder Emini ES Long @ 1825.25 --> + 2.75
[11:02:04] <robbin_banks> excellant trade
[11:02:14] <robbin_banks> mr. Perry
[11:06:03] <@wrbtrader> :)
[11:17:14] <t4npaper> gold spike...
[11:20:01] <@wrbtrader> Long Emini ES @ 1828.50 -> large size
[11:20:14] <@wrbtrader> 10 contracts
[11:20:22] <@wrbtrader> :(
[11:20:49] <@wrbtrader> Exited all Emini ES Long @ 1818.50 --> - 10
[11:21:02] <@wrbtrader> correction
[11:21:24] <@wrbtrader> Exited all Emini ES Long @ 1828.50 --> 0
[11:22:07] <@wrbtrader> I realized after entry it was a trade error
[11:22:21] <@wrbtrader> lucky to get out of that trade without any damage
[11:22:38] <robbin_banks> it looks like we just hit the top of es emini 15M HG
[11:27:06] <robbin_banks> short es emini @1827.75 10 CONTRACTS
[11:29:06] <robbin_banks> exit all es emini shorts @1827.25 +.50
[11:29:52] <robbin_banks> im learning to just take small profits on these against the grain trades..and be satisfied
[11:45:50] <robbin_banks> short es emini @1826.75 5 contracts
[11:48:44] <@wrbtrader> Crude Oil futures, Gold GC futures, Eurex futures and Emini futures in a low voaltility trading range thepast 15 minutes
[11:49:03] <robbin_banks> short 5 more contracts @1827.25 es emini
[11:57:51] <robbin_banks> exit 5 contracts es emini @1826.75 remaining 5 contracts @1826.50 +0 /+.50
[12:02:04] <robbin_banks> shot nq emini 3558.25 10 contracts
[12:02:16] <robbin_banks> short ..not shot
[12:05:52] <robbin_banks> short 10 more contracts @3561.75 nq emin
[12:06:59] <robbin_banks> stop set for 3562.50
[12:08:29] <robbin_banks> averaged at 3559.50...Bad trade on my part
[12:15:37] <robbin_banks> covered all nq emini shorts @1862.50 -3.0 ouch
[13:46:12] <@wrbtrader> Europe Stocks Remain Little Changed After ADP Jobs Report (Bloomberg) @ http://www.bloomberg.com/news/2014-01-0 ... eport.html
[15:00:00] <@wrbtrader> Emini TF futures on the 3min chart is retracing back into the range of the WRB Hidden GAP of 1424pm - 1427pm est
[15:19:51] <robbin_banks> sorry I missed that one..was a good call
[15:20:49] <@wrbtrader> I too missed the bounce off the R area of that WRB Hidden GAP...
[15:20:57] <@wrbtrader> was too busy doing some personal stuff
[15:21:25] <@wrbtrader> Long Emini TF @ 1160.80 -> small size
[15:21:59] <@wrbtrader> 1 contract and may add to this in a 5 tick range
[15:22:44] <robbin_banks> yeah classic wrb move..easy money really...Im at work and wouldnt ya know they actually want me to work! geez....gotta run guys..see ya 2marrow..aprreciate ya'll
[15:23:39] <@wrbtrader> Geeesh...a 1 tick WRB pt1 :(
[15:23:57] <t4npaper> chaching!
[15:24:08] <@wrbtrader> will hold a little longer
[15:24:32] <t4npaper> other eminis are pushing
[15:24:52] <@wrbtrader> Exited Emini TF Long @ 1161.00 --> + 0.2
[15:25:30] <@wrbtrader> too much contraction for my taste at this time of day...usually spells trouble
[15:26:56] <t4npaper> yesterday fell all day
[15:27:03] <t4npaper> surely some WRBHG's there
[15:27:25] <@wrbtrader> 1min chart the Emini TF futures retracing back down towards the S area of the WRB Hidden GAP @ 1517pm est
[15:28:04] <@wrbtrader> Long Emini TF @ 1160.40 -> small size
[15:28:11] <@wrbtrader> 3 contracts
[15:28:23] <@wrbtrader> I was ready this time
[15:28:44] <@wrbtrader> lets see if some volatility shows up
[15:30:05] <@wrbtrader> I need 1161.00 to reach my profit goal for the day
[15:32:00] <@wrbtrader> Exited 2/3 Emini TF Long @ 1161.10 --> + 0.7
[15:34:00] <@wrbtrader> Exited Emini TF Long @ 1160.50 --> + 0.1
[15:38:27] <@wrbtrader> 3min chart - Emini ES futures testing the R area of its WRB Hidden GAP of 1515pm - 1518pm est
[15:38:59] <@wrbtrader> Unfortunately that WRB Hidden GAP is not a WRB Zone
[15:39:14] <@wrbtrader> Yet, doesn't imply it can not change into one later in the price action
[15:39:19] <@wrbtrader> :)
[15:43:00] <t4npaper> this end of day low vol will be the end of it
[15:48:12] <t4npaper> long TF 1159.5
[15:50:18] <t4npaper> exit all .1
[15:54:46] <@wrbtrader> So far, mainly contracting volatility going into the 4pm est rush hour traffic
[15:55:12] <@wrbtrader> Emini ES futures bouncing around the earlier mentioned WRB Hidden GAP
[15:55:22] <@wrbtrader> bouncing around that S area
[15:56:09] <t4npaper> long TF 1160 1 contract
[15:58:17] <t4npaper> exit 1159.9 -.1
[15:59:27] <@wrbtrader> Long Emini TF @ 1160.10 -> small size
[15:59:38] <@wrbtrader> 1 contract
[16:01:56] <@wrbtrader> Very low volatility into that regular session close except for a small snap back
[16:03:40] <t4npaper> guess thats it
[16:05:31] <@wrbtrader> Exited Emini TF Long @ 1159.90 --> - 0.2
[16:05:41] <@wrbtrader> Take care all and see all tomorrow
Session Close: Tue Jan 14 18:01:06 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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