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 Post subject: January 15th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Jan 15, 2014 7:22 pm 
Trader / Forum Admin

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

011514-Key-Price-Action-Markets.png [ 519.73 KiB | Viewed 155 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 15 09:29:31 2014
Session Ident: ##TheStrategyLab
[09:29:31] * Now talking in ##TheStrategyLab
[09:29:31] * 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'
[09:29:31] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:29:32] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:33:06] <NDW> GM
[09:37:23] <wrbtrader> Key Market Events (KME) today @ 1030am, 1400pm est
[09:41:37] <NDW> WRBHG TF 3 min. 8:33-8:36 cst
[09:42:50] <NDW> VIX 12.2
[09:44:54] <wrbtrader> Long Emini TF @ 1165.70 -> large size
[09:45:06] <wrbtrader> 10 contracts
[09:45:40] <wrbtrader> volatility slowly increasing
[09:46:20] <wrbtrader> Exited 1/2 Emini TF Long @ 1166.80 --> + 1.1
[09:46:37] <wrbtrader> WRB pt1 reached
[09:52:35] <NDW> WRBHG TF 5 min. 8:35-8:40 cst
[09:54:48] <wrbtrader> Exited Emini TF Long @ 1166.00 --> + 0.3
[09:56:29] <NDW> TF hitting top of 5 min TF WRBHG
[10:01:37] <NDW> L TF 1167.50 20 c. 9:00:36 exit 1167.9 9:00:47 +4 ticks
[10:03:27] <wrbtrader> Long Emini ES futures @ 1841.00 large size 25 contracts
[10:03:44] <wrbtrader> :(
[10:05:38] <TigermanTrader> hi all
[10:06:46] <wrbtrader> Exit Emini ES futures @ 1842.25 +1.25
[10:07:15] <NDW> WRBHG TF 3 min 8:57-9:00 cst
[10:18:57] <NDW> Hanging out at support of 8:57-9:00 cst WRBHG TF 3 min.
[10:19:51] <NDW> KME 10 minutes 9:30 cst Petroleum
[10:20:50] <TigermanTrader> lg es 1842.25
[10:22:50] <TigermanTrader> still contracting :(
[10:23:04] <TigermanTrader> I also have a big cold
[10:23:15] <TigermanTrader> not help :)
[10:23:35] <TigermanTrader> ym clomb on his own
[10:23:39] <TigermanTrader> climb
[10:26:56] <TigermanTrader> exit es 1841.5 - 3 tk
[10:27:25] <TigermanTrader> people wait oil nes
[10:33:05] <robbin_banks> long es emini 10 contracts @1842.75
[10:33:36] <robbin_banks> trade error...houdini time
[10:33:49] <@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.
[10:35:13] <@wrbtrader> Long Light Crude Oil CL @ 93.79 -> medium size
[10:35:26] <@wrbtrader> 4 contracts
[10:36:38] <@wrbtrader> Exited 3/4 Light Crude Oil CL Long @ 93.92 --> + 0.13
[10:37:01] <@wrbtrader> Exited Remainder Light Crude Oil CL Long @ 93.88 --> + 0.09
[10:42:33] <NDW> Short TF 1164.80 9:40:49 20 c. exit 1165.27 9:41.17 +5.3 ticks
[10:46:00] <@wrbtrader> Emini TF futures trying hard to cough up its gains for the day
[10:46:49] <NDW> WRBHG 3 min TF 9:39-9:42 cst
[10:52:10] <NDW> correction to 9:43 post: reverse the trade entries
[10:52:39] <NDW> short 1165.27 cover @ 1164.8
[10:53:56] <NDW> +4.7 not +5.3
[11:00:24] <TigermanTrader> lg cl 93.97
[11:00:43] <TigermanTrader> exit cl at 94.03 + 6 tk
[11:00:52] <TigermanTrader> this cold make me too nervous
[11:01:04] <TigermanTrader> eyes cry
[11:01:15] <TigermanTrader> cant see nothing :)
[11:01:21] <TigermanTrader> not ideal x trading
[11:01:22] <NDW> are you taking antibiotics?
[11:01:32] <TigermanTrader> no
[11:01:34] <NDW> if you are up you might be wise to take a break
[11:01:44] <TigermanTrader> yeah
[11:02:55] <TigermanTrader> wow cl still grow
[11:03:10] <TigermanTrader> that news before moved oil
[11:06:59] <TigermanTrader> lg cl 94.13
[11:07:11] <TigermanTrader> exit cl 94.17 +4 tk
[11:07:12] <robbin_banks> exit all es mini @1844.50 +1.75...houdini escape!!
[11:08:06] <@wrbtrader> nice with the volatility increase
[11:09:10] <NDW> very nice - went to get rid of the coffee in my system and BAM! it moved
[11:10:06] <TigermanTrader> hi robbing a nice escape
[11:10:24] <TigermanTrader> I mean robbin
[11:10:40] <TigermanTrader> but you hang on on almost 3 full points
[11:10:52] <robbin_banks> thanks..but i cant count it!! it really was an error..lol
[11:11:06] <TigermanTrader> not easy to digest
[11:11:38] <TigermanTrader> what you mean by cant count it?
[11:13:31] <robbin_banks> well...i cant say i timed the trade and meant to do that..is what i mean
[11:13:54] <TigermanTrader> I mean simply everyone is different in a similar case,like error I run away soon :)
[11:14:17] <TigermanTrader> ok I understand your point
[11:14:55] <TigermanTrader> simply when trade go against me a became too nervous :)
[11:15:36] <robbin_banks> yeah i worked out..but i let it run past my mental stop..i broke my own rules and it could have easliy wiped me out...not recommened
[11:16:08] <TigermanTrader> yeah agreed
[11:18:11] <NDW> Robbin: Glad it worked out, I have been guilty of not exiting a trade when my mental stop is hit also. It is very easy to justify in our minds....
[11:18:15] <@wrbtrader> Long Emini ES futures @ 1844.75 large size 10 contracts
[11:19:19] <NDW> VIX 11.91
[11:19:38] <@wrbtrader> Yeah...VIX not looking pretty today
[11:21:31] <TigermanTrader> simply bad vix too low
[11:21:52] <TigermanTrader> too many months like tht :(
[11:21:53] <@wrbtrader> Exit Emini ES futures @ 1843.00 -1.75
[11:22:09] <@wrbtrader> volatility slowing increasing
[11:23:08] <@wrbtrader> 1105am est interval for the Emini futures a WRB Zone and key change in supply/demand
[11:23:18] <@wrbtrader> Eminis currently retesting that WRB Zone
[11:24:45] <@wrbtrader> Shorts Emini ES @ 1842.00 -> large size
[11:24:53] <@wrbtrader> 20 contracts
[11:27:17] <@wrbtrader> :(
[11:30:43] <@wrbtrader> Covered all Emini ES Short @ 1841.75 --> + 0.25
[11:31:44] <NDW> Short TF 1166.22 10:21:52 cst, covered 1166.60 10:24:07 20 c. -3.8 ticks
[11:35:46] <robbin_banks> long es emini 10 contracts @1842.25
[11:41:25] <@wrbtrader> Eminis currently not insync with their volatility movement :(
[11:44:45] <@wrbtrader> Emini ES futures lagging again
[11:48:10] <robbin_banks> exit all es emini @1842.75 +.50
[11:49:20] <robbin_banks> yes wrbtrader, thats why i bailed ..i was hoping for more
[12:03:57] <@wrbtrader> volatility slowly increasing
[12:13:20] <t4npaper> long CL 94.45
[12:17:11] <t4npaper> exit 94.42 -.03
[12:31:43] <TigermanTrader> take care all see next time
[12:45:37] <t4npaper> long cl 94.36
[12:56:40] <t4npaper> exit 2/3 94.44 +.08
[12:58:31] <t4npaper> exit rem 94.47 +.11
[13:39:29] <robbin_banks> long 5 contracts es emini @1841.50
[13:42:30] <robbin_banks> again with the error trade...thats twice today
[13:43:54] <robbin_banks> exit all @1841.50 +.25..lucky
[13:46:42] <t4npaper> long cl 94.47
[13:50:07] <t4npaper> :(
[13:52:14] <t4npaper> exit all 94.39 -.08
[13:58:06] <@wrbtrader> pending Key Market Event (KME) @ 1400pm est
[13:58:08] <NDW> KME 13:00 CST 1 min.
[13:58:17] <NDW> we are thinking alike....
[13:58:59] <@wrbtrader> Long Emini TF futures @ 1166.50 large size 6+3 contracts
[14:03:50] <robbin_banks> shortes emini 10 contracts @1840.75
[14:04:18] <robbin_banks> oh snap i forget!!!
[14:04:46] <@wrbtrader> be careful...volatility is strange for a Beige Book
[14:05:49] <@wrbtrader> Exited 1/3 Emini TF Long @ 1167.30 --> + 0.8
[14:05:54] <robbin_banks> yes sir..i messed up..pulling the rip chord
[14:07:43] <robbin_banks> hoping for a BE
[14:11:42] <robbin_banks> cover @BE 1840.75 .0
[14:11:46] <@wrbtrader> Exited 1/3 Emini TF Long @ 1166.80 --> + 0.3
[14:12:32] <@wrbtrader> Exited Remainder Emini TF Long @ 1166.70 --> + 0.2
[14:12:58] <@wrbtrader> shaken out :(
[14:15:15] <@wrbtrader> Overall just range bound low volatility price action
[14:16:25] <@wrbtrader> Long Emini ES @ 1841.50 -> large size
[14:16:36] <@wrbtrader> 10 contracts
[14:17:06] <@wrbtrader> intuition via the price action of Emini TF futures
[14:19:23] <robbin_banks> u r in a 5 min HG ES emini
[14:19:33] <robbin_banks> its a good place
[14:21:05] <@wrbtrader> spike in Gold GC futures...downwards
[14:21:17] <@wrbtrader> volatility increasing in Crude Oil CL futures
[14:21:36] <@wrbtrader> tightingin stop loss in Emini ES futures
[14:22:17] <@wrbtrader> Eminis still have not volatility spike the way I expected it to do via a clear WRB Hidden GAP
[14:25:32] <robbin_banks> mr perry are u saying that when price leaves an HG u expect to see a volatility spike?
[14:26:15] <@wrbtrader> Exited all Emini ES Long @ 1843.50 --> + 2
[14:26:27] <robbin_banks> nice!
[14:26:27] <@wrbtrader> WRB pt2 reached
[14:26:47] <@wrbtrader> I'm saying this is the Beige Book and volatility maker...
[14:26:53] <@wrbtrader> The volatility is not there.
[14:27:04] <robbin_banks> oh ok
[14:27:06] <@wrbtrader> Just creeper price action on low volatility
[14:27:24] <robbin_banks> thanks
[14:27:48] <@wrbtrader> I was expecting a big WRB Hidden GAP as soon as the Beige Book was released...
[14:27:54] <@wrbtrader> It did not happen
[14:27:58] <@wrbtrader> :(
[14:28:44] <robbin_banks> gottcha
[14:28:45] <@wrbtrader> Then again, I thought it was "odd or strange" that the Beige Book was only discussed a few times in the recent days by the major financial networks...
[14:28:50] <@wrbtrader> as if it was not important
[14:29:37] <@wrbtrader> They need to hire Miley Cyrus to do some "twerking" to folks interested in trading.
[14:30:12] <@wrbtrader> boring price action today
[14:30:12] <robbin_banks> hehehe...funny stuff
[14:31:06] <robbin_banks> unless your me and push the wrong button..twice! then it gets real exciting real quick
[14:31:57] <robbin_banks> well for being bored id say youve done really good today
[14:32:03] <@wrbtrader> I usually push 5x more contracts by now in the price action involving the Beige Book...that's why this price action seems like the typical normal low volatility junk
[14:33:27] <robbin_banks> i did notice your smaller contracts but i dont think youve lost a single trade
[14:34:36] <robbin_banks> so thats a good day ..right?
[14:36:10] <@wrbtrader> Several days ago I said something like we know something is wrong when we're "complaining" about the price action after getting a 2 - 4 point trade in Emini TF futures or Emini ES futures :(
[14:36:49] <robbin_banks> yeah right!!lol
[14:37:04] <@wrbtrader> Simply, too many trading days full of junk...
[14:37:29] <@wrbtrader> These 2 - 4 point trades would normally be 5 - 10 points on decent volatility
[14:38:18] <robbin_banks> see to me , a new guy, 2-4 points a day...is winning!!
[14:39:05] <robbin_banks> im still in the "hope i dont lose" category
[14:40:25] <@wrbtrader> This is the type of price action that makes you give up or call it quits EARLY for the day...
[14:41:33] <@wrbtrader> Then after we're gone...it makes a decent strong continuation price action
[14:42:10] <@wrbtrader> That eventually results in us just sitting here all day afraid to miss the move when it eventually decides to show up
[14:43:17] <robbin_banks> you are sure right!!
[14:46:06] <NDW> The emini's have not filled their opening gaps, nor has there been any chance for those who shorted the open to get out at even. That may provide an opportunity late in the session.
[14:51:33] <NDW> VIX 12.09 - stayed in low 12's all day
[15:20:55] <@wrbtrader> Fed Beige Book shows positive outlook (MarketWatch) @ http://www.marketwatch.com/story/fed-be ... =countdown
[15:21:29] <@wrbtrader> ##TheStrategyLab -> - This chat room is not intended to be educational because the chat room is designed for you to use it as your own personal journal as a trader. Yet, if you have trading related questions or you need help in understanding the price action you're trading, it's your responsibility to ask questions in here to get answers. Simply, nobody in here can read your mind if you LURK (do not ask questions).
[15:23:05] <robbin_banks> could this be volatity in the emini creeping in?
[15:26:56] <@wrbtrader> Its trying
[15:30:30] <@wrbtrader> Long Emini TF @ 1168.70 -> small size
[15:30:46] <@wrbtrader> 3 contracts
[15:33:32] <t4npaper> long tf 1168.4
[15:33:48] <NDW> see all tomorrow - have to run, hope the close is volatile for you
[15:35:08] <t4npaper> vol having a hard time
[15:36:09] <robbin_banks> well i gotta long on es emini @1841.75 but lost connection so i couldnt post it ..5 contracts
[15:36:39] <robbin_banks> exit all @1542.75 +1
[15:36:43] <t4npaper> other eminis arent helping
[15:37:27] <@wrbtrader> agree...other Eminis not giving any support to what Emini TF was trying to do
[15:38:09] <robbin_banks> gotta run guys..thanks for lettin' me hang out!..see ya'll tomarrow...ment exit at 1842.75, not 1542.75
[15:38:17] <t4npaper> stop .1
[15:38:31] <t4npaper> .1
[15:39:48] <t4npaper> bit of aggressive stop, oh well
[15:44:26] <@wrbtrader> Exited all Emini TF Long @ 1168.70 --> 0
[15:46:56] <@wrbtrader> Long Emini TF @ 1168.60 -> small size
[15:47:08] <@wrbtrader> 3 contracts
[15:47:18] <@wrbtrader> re-entry
[15:48:29] <@wrbtrader> Emini NQ testing the lows of the most recent contracting volatility
[15:52:57] <@wrbtrader> Exited all Emini TF Long @ 1168.90 --> + 0.3
[15:53:05] <@wrbtrader> WRB pt1 (shallow) reached
[15:53:13] <@wrbtrader> along with too much contraction
[15:53:28] <@wrbtrader> in reference to the contraction showing up after the WRB pt1
[15:55:29] <t4npaper> yuck
[15:55:45] <t4npaper> this is my least favorite price time and action
[16:00:09] <@wrbtrader> Take care all and see all tomorrow
Session Close: Wed Jan 15 17:35:05 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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