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 Post subject: January 17th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Jan 17, 2014 6:41 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2899
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

011714-Key-Price-Action-Markets.png [ 541.58 KiB | Viewed 103 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 17 09:28:40 2014
Session Ident: ##TheStrategyLab
[09:28:40] * Now talking in ##TheStrategyLab
[09:28:40] * 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'
[09:28:40] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:28:40] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:36:13] <robbin_banks> covered all es emini short 1837.25 +.25
[09:36:15] <TigermanTrader> gm all
[09:36:31] <robbin_banks> gm tiger
[09:36:51] <wrbtrader> Good morning all
[09:36:55] <MattyR> gm everybody
[09:38:29] <robbin_banks> mornin ya'll
[09:39:33] <NDW> GM - tight range so far
[09:40:12] <NDW> KME 8:55 cst consumer sentiment
[09:40:25] <TigermanTrader> yeah same very day now
[09:40:30] <TigermanTrader> terrible
[09:40:35] <wrbtrader> Emini futures have another opening like yesterday...
[09:40:53] <wrbtrader> That same low volatility tight extremely tight trading range
[09:41:55] <wrbtrader> Hopefully the key market events @ 0955am and 1000am est will shake things up
[09:42:52] <wrbtrader> Gold GC futures already had its big move of the day between 0715am - 0910am est
[09:43:04] <wrbtrader> I don't expect much out of it after that type of movement
[09:43:37] <wrbtrader> Hopefully I'm wrong because Gold GC price action has a big impact on other key markets
[09:44:44] <wrbtrader> VIX still very low and BELOW yesterday
[09:45:20] <NDW> Yes, and if we see this type of action continue the VIX will be in the upper 11's
[09:45:48] <wrbtrader> Crude Oil CL futures volatility slowly increasing
[09:45:48] <robbin_banks> es emini short 1837.50 5 contracts
[09:46:18] <TigermanTrader> sh es 1837.25
[09:47:15] <robbin_banks> cover all es emini short at 1837.00
[09:47:19] <TigermanTrader> exit es 1837 +1tk
[09:47:38] <TigermanTrader> wow should wait some more time :(
[09:47:39] <wrbtrader> volatility spike
[09:47:39] <robbin_banks> i shouldve held it..dang
[09:47:42] <wrbtrader> about time
[09:50:38] <wrbtrader> Shorts Emini TF @ 1166.90 -> large size
[09:50:47] <wrbtrader> 4+2 contracts
[09:51:21] <wrbtrader> Eminis not insync now after being insync on the spike down
[09:51:56] <TigermanTrader> sh es 1834.25
[09:53:10] <wrbtrader> Covered all Emini TF Short @ 1167.50 --> - 0.6
[09:53:45] <TigermanTrader> exit 1835 es -3tk
[09:54:48] <wrbtrader> Shorts Emini TF @ 1168.00 -> large size
[09:54:58] <wrbtrader> 10 contracts
[09:55:03] <wrbtrader> re-entry
[09:55:39] <wrbtrader> I'm just trying to follow the other Emini futures...
[09:55:52] <wrbtrader> Emini TF futures not co-operating
[09:57:12] <TigermanTrader> sh es 1835.25
[09:57:37] <TigermanTrader> sh cl 94.
[09:57:46] <TigermanTrader> exit cl 94.38 -2 tk
[09:58:00] <wrbtrader> Crude Oil CL futures pushing lower...several WRB Hidden GAPs sitting above current price level
[09:58:08] <wrbtrader> unfilled
[09:59:58] <TigermanTrader> exir es 835.5 -1 tk
[10:00:48] <wrbtrader> Covered 1/2 Emini TF Short @ 1167.40 --> + 0.6
[10:01:03] <wrbtrader> Covered Remainder Emini TF Short @ 1167.70 --> + 0.3
[10:01:22] <wrbtrader> WRB pt1 reached but I was not able to grab it
[10:02:09] <NDW> CL is moving
[10:02:30] <TigermanTrader> yeah and I try to follow it
[10:04:33] <TigermanTrader> sh cl 96.16
[10:06:34] <TigermanTrader> exit 1/2 96.16 +1
[10:06:47] <TigermanTrader> exit all 96.18 -2
[10:06:57] <wrbtrader> Like yesterday...an initial low volatility tight trading range...follow by a volatility spike and then followed by another low volatility tight trading range that lasted most of the remainder trading day
[10:07:08] <wrbtrader> Hopefully we don't do that last part
[10:07:11] <wrbtrader> for today
[10:07:34] <wrbtrader> Eurex DAX futures having the same problems too
[10:08:14] <TigermanTrader> only dow jones reach yesterday closing now
[10:08:59] <TigermanTrader> Vix again low ground
[10:09:01] <NDW> WRB: Which contract month in CL are you trading?
[10:10:05] <wrbtrader> I'm not trading CL
[10:10:12] <wrbtrader> I'm trading Emini TF
[10:10:29] <wrbtrader> I will not tough CL in the regular session as stated yesterday
[10:10:46] <NDW> Watching, "G" or "H"
[10:10:55] <wrbtrader> I will only trade it if I get up early enough to trade it in the morning session before 0930am est
[10:10:56] <robbin_banks> short es emini 5 contracts at 1837.00
[10:11:13] <wrbtrader> I have both contracts up
[10:11:30] <NDW> Thank you
[10:11:44] <wrbtrader> I like to watch the volume move from one to the other
[10:11:59] <wrbtrader> I do the same in the Emini TF when they complete their rollover
[10:12:14] <robbin_banks> exit all es emini short at 1836.25 +.75
[10:13:30] <wrbtrader> Emini TF futures needs to make new intraday lows for me to get bearish on it again
[10:15:37] <NDW> TF hit the lows of yesterday morning's opening 30 minutes almost to the tick
[10:16:32] <wrbtrader> Brent futures contraction in volatility now with Crude Oil CL futures
[10:17:13] <wrbtrader> Yet, Crude is trying hard right now to retrace its most recent Down WRB Hidden GAP on the 3min chart
[10:18:19] <wrbtrader> Heating Oil HO futures doing the same now too
[10:18:40] <robbin_banks> seems like es mini is trying to do the same
[10:21:56] <wrbtrader> They've been slowly creeping higher to get BACK to that earlier opening low volatility tight trading range
[10:22:16] <wrbtrader> Emini TF is there now on lower volatility than before
[10:22:57] <wrbtrader> I dramtically dropped my profit goal yesterday from 2k down to $500 bucks
[10:23:05] <wrbtrader> barely made the $500
[10:23:20] <wrbtrader> Today I've dropped it more down to $250
[10:23:44] <wrbtrader> That's the type of expectaion I'm having for this type of price action the past 2 trading days.
[10:23:55] <NDW> sad trading times, VIX new LOD 12.16
[10:24:13] <wrbtrader> Exactly...I'm monitoring it closely too
[10:24:26] <wrbtrader> The lower it drops...the lower I drop my profit goals
[10:25:50] <wrbtrader> Emini TF futures current price action in a good position to push higher IF it wanted too
[10:26:50] <wrbtrader> Some of the institutions out there needs to put a fire under TF butt to get something to happen (e.g. volatility spike)
[10:27:12] <TigermanTrader> the worst trading contitions ever or thereby
[10:34:57] * NDW is now known as NDWAway
[10:41:48] <wrbtrader> Dollar at Almost 4-Month High on Housing’s Best Year Since 2007 (Bloomberg) @ http://www.bloomberg.com/news/2014-01-1 ... tlook.html
[10:50:08] <wrbtrader> Forex USDCAD currency still climbing since the new year
[10:50:35] <wrbtrader> very nice looking Up WRB Hidden GAPs with a few of them as WRB Zones
[10:51:15] <@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.
[10:57:25] <TigermanTrader> take care all have a safe weekend see all next time
[11:00:15] <@wrbtrader> Long Light Crude Oil CL @ 1169.60 -> small size
[11:00:27] <@wrbtrader> that's Emini TF
[11:00:42] <@wrbtrader> 2+1 contracts
[11:01:09] <@wrbtrader> Long Emini TF @ 1169.60 -> small size
[11:01:52] <@wrbtrader> Crude Oil CL futures and Gold GC futures in a low volatility contraction for the past 20 minutes
[11:02:19] <@wrbtrader> Emini YM futures still the better looking of the Emini futures
[11:03:23] <@wrbtrader> :(
[11:03:29] <@wrbtrader> geeesh
[11:03:54] <@wrbtrader> WRB pt1 (shallow) reached...the snap back after my entry killed the profit target
[11:04:44] <robbin_banks> es emini price has retraced back into 15M zone
[11:05:57] <robbin_banks> 4 min TF as well
[11:06:19] <robbin_banks> TF = time frame
[11:06:37] <robbin_banks> is what i ment
[11:07:33] <@wrbtrader> Exited all Emini TF Long @ 1169.80 --> + 0.2
[11:08:13] <@wrbtrader> The 15min and 1hr charts shows clearly the low volatility we've had since the regular session started
[11:09:23] <t4npaper> cl declining vol since 1000
[11:09:37] <robbin_banks> short es emini 1838.75 5 contracts tight stop
[11:11:47] <robbin_banks> covered all es eini short 1838.50 +.25..got nervious
[11:12:37] <@wrbtrader> Taking an early lunch today instead of watching paint dry (this price action).
[11:12:41] <@wrbtrader> Be back later
[11:12:52] <t4npaper> gc volatility spike
[11:17:28] <t4npaper> volatility joining in across markets
[11:18:11] <t4npaper> see how long it stays
[11:30:02] <robbin_banks> short es emini 5 contracts 1838.50
[11:30:33] <t4npaper> short cl 94.54
[11:31:44] <robbin_banks> 5 more 39.25 short
[11:35:57] <robbin_banks> covered all es emini short 1838.25 +.50
[11:40:56] <t4npaper> exit 94.44 +.1
[13:11:05] <@wrbtrader> Shorts Emini TF @ 1167.50 -> small size
[13:11:19] <@wrbtrader> 1 contract
[13:16:31] <@wrbtrader> Covered Emini TF Short @ 1166.10 --> + 1.4
[13:16:41] <@wrbtrader> WRB pt1 reached
[13:17:02] <@wrbtrader> very quiet in here during that increasing volatility price movement
[13:17:13] <@wrbtrader> I've reached my profit goal for the day
[13:17:59] <@wrbtrader> I'm done for the day. Take care all, have a nice weekend and see all on Monday...a boring trading day.
[13:18:20] <robbin_banks> thanks mr perry for everything!! have a great weekend
[13:40:49] * NDWAway is now known as NDW
[13:41:01] <NDW> have a nice weekend all, see you on Monday
[14:56:57] <robbin_banks> yeah im out too guys...have a great weekend
[15:10:21] <t4npaper> actually having some decent price moves today
Session Close: Fri Jan 17 17:43:22 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 Québec, 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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