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 Post subject: January 21st Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Jan 23, 2014 8:16 pm 
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Trader / Forum Admin

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:
012114-Key-Price-Action-Markets.png
012114-Key-Price-Action-Markets.png [ 521.24 KiB | Viewed 116 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 21 07:28:23 2014
Session Ident: ##TheStrategyLab
[07:28:23] * Now talking in ##TheStrategyLab
[07:28:23] * 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'
[07:28:23] * Set by wrbtrader on Tue Feb 05 08:11:19
[07:28:23] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:12:40] <@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.
[09:12:56] <robbin_banks> morning all!
[09:34:27] <TigermanTrader> gm all
[09:34:55] <robbin_banks> gm TT
[09:35:29] <TigermanTrader> hi robbin
[09:37:12] * NDWAway is now known as NDW
[09:39:09] <robbin_banks> long es emini 10 contracts @1842.50
[09:42:12] <robbin_banks> cover all es emini short @1841.50 -1.0
[09:43:05] <TigermanTrader> sh es 1841.25
[09:43:34] <TigermanTrader> small sz
[09:45:14] <TigermanTrader> exit es 1842.25
[09:46:20] <TigermanTrader> -4 tk
[09:49:16] <TigermanTrader> confusing start as always :(
[09:50:34] <robbin_banks> lol..i was thinking same thing
[09:51:15] <TigermanTrader> I m still short biased anyway
[09:52:52] <TigermanTrader> sh es 1843
[09:53:08] <TigermanTrader> exit es 1842.5 +2tk
[09:53:23] <robbin_banks> funny though...i went long , you went short...we both lost!! lol
[09:53:32] <TigermanTrader> :( my gain are smaller then my gain in recents time
[09:53:59] <TigermanTrader> yeah lol !!!!!!!!!
[09:54:29] <TigermanTrader> this teach us thats others thing besides the entries in trading :)
[09:54:55] <robbin_banks> i agrree with you on the short direction...
[09:56:04] <TigermanTrader> sh es 42.25
[09:58:27] <TigermanTrader> exit all ES 42 + 1tk
[09:58:36] <robbin_banks> nice!
[09:58:48] <TigermanTrader> commission eat me alive when gaining ticks only :(
[09:59:25] <TigermanTrader> simply not worth the stress nut volatility is too low these days
[10:00:10] <TigermanTrader> YM is in another world
[10:00:51] <TigermanTrader> CL dancing near resistence of recent WRB hg
[10:01:09] <TigermanTrader> no news due today
[10:01:22] <TigermanTrader> better go walking out :)
[10:02:03] <@wrbtrader> Key markets not insync on anything :(
[10:04:01] <TigermanTrader> sh ES 41.5
[10:04:23] <TigermanTrader> yeah wrbtrader unsync like pinball balls
[10:05:12] <robbin_banks> short es 1841.50 5 +5 contracts
[10:05:32] <TigermanTrader> exit ES 41.5 breakeven
[10:11:03] <robbin_banks> cover all es short @1840.50 +1.0 ..intutition trade
[10:13:31] <TigermanTrader> sh es 1839
[10:14:35] <NDW> there is the movement
[10:14:44] <TigermanTrader> exit 1/2 es 37.5 + 6tk
[10:16:51] <TigermanTrader> exit all remainder ES 1836 +12 tk
[10:27:09] <robbin_banks> es found support inside a 10 min TF zone
[10:27:45] <TigermanTrader> hello reconnected again after node broken
[10:28:09] <TigermanTrader> do you see me ?
[10:28:29] <TigermanTrader> sh es 36
[10:29:17] <robbin_banks> yeah i see you
[10:29:34] <TigermanTrader> ok chat works thanks
[10:31:55] <@wrbtrader> Shorts Emini TF @ 1169.00 -> medium size
[10:32:13] <@wrbtrader> 2+1+1 contracts
[10:33:55] <@wrbtrader> I'm taking it easy today...overall this type of markets price action movement not something I want to trade...
[10:33:59] <TigermanTrader> exit es 34.75 +5 tk
[10:34:06] <@wrbtrader> Too many key markets not insync
[10:34:10] <TigermanTrader> yeah me too
[10:34:31] <@wrbtrader> January is typically a calm month. Thus, I'm not expecting much out of this month.
[10:35:30] <@wrbtrader> The pace should pick up in February...if there's no more crazy freezing weather across North America
[10:39:00] <@wrbtrader> Covered all Emini TF Short @ 1169.90 --> - 0.9
[10:39:56] <robbin_banks> es price bonced off 15M tf zone{bottom of zone}
[10:48:25] <NDW> VIX 13.07
[10:48:34] <robbin_banks> long es emini 5 contracts @1836.00
[10:49:53] <robbin_banks> correction 35.50
[10:50:39] <@wrbtrader> Shorts Emini TF @ 1169.00 -> medium size
[10:50:44] <@wrbtrader> 4 contracts
[10:50:50] <@wrbtrader> re-entry
[10:56:57] <TigermanTrader> sh es 35.75 small
[10:59:04] <TigermanTrader> contracting
[11:00:22] <robbin_banks> cover es emini long @1836.50 +1.0
[11:08:03] <@wrbtrader> Covered all Emini TF Short @ 1168.60 --> + 0.4
[11:08:16] <TigermanTrader> exit es 34.75 + 4tk
[11:08:58] <@wrbtrader> Shorts Emini TF @ 1167.30 -> medium size
[11:09:16] <@wrbtrader> 4 contracts intuition re-entry
[11:09:43] <@wrbtrader> Prior trade of +0.4 was a error in my stop placement (I moved it too tight)
[11:10:17] <@wrbtrader> WRB pt1 reached
[11:10:35] <TigermanTrader> sh es 30.5
[11:11:04] <TigermanTrader> intuition following vola no an actual signal
[11:12:52] <TigermanTrader> exit ES 28.5 +8 tk
[11:15:10] <@wrbtrader> WRB pt2 reached
[11:21:09] <@wrbtrader> VIX slowly made its way back to the 13.00 and then is suddenly spiked higher to 13.40 as if there was a "breaking news key market event"
[11:21:36] <@wrbtrader> I've been monitoring my real-time news sources along with twitter and stocktwits...
[11:21:51] <@wrbtrader> I don't see anything yet that could have been a KME
[11:22:20] <@wrbtrader> small stuff out of Europe but I'm sure it had no impact on this volatility spike
[11:23:01] <TigermanTrader> fat finger ?
[11:23:33] <TigermanTrader> todays market are heavy algorythm trade
[11:23:44] <TigermanTrader> electronic trade
[11:23:48] <@wrbtrader> Covered all Emini TF Short @ 1165.70 --> + 1.6
[11:25:34] <TigermanTrader> so when a big fund/banks sell x example the others follows
[11:26:04] <TigermanTrader> can be a reasonable logic in this wrbtrader?
[11:26:57] <@wrbtrader> Could be a market reaction to a rumor or just some big boys cashing in some big profits after the big run up the past year
[11:28:01] <@wrbtrader> Could be some key technical level price reaction but usually those have been HYPED many days prior to the price action reaching the price level
[11:28:10] <@wrbtrader> I haven't seen any levels hyped recently
[11:29:02] <TigermanTrader> yeah many reason
[11:29:35] <TigermanTrader> important it is be there to get some profit when volatility show up
[11:44:01] <@wrbtrader> In the past...whenever there was a big volatility spike followed by very low volatility tight trading range...
[11:44:22] <@wrbtrader> That volatility spike was usually heavily controlled by institutions
[11:44:37] <@wrbtrader> They get what they want and then they go away for awhile...
[11:45:02] <@wrbtrader> Leaving the small guys (retail traders) fighting it out resulting in the low volatility tight trading ranges
[11:47:04] <r33gmd> why do they do that?
[11:47:52] <@wrbtrader> Their traders too :)
[11:48:08] <@wrbtrader> Their = They're
[11:48:09] <r33gmd> there was a large contract volume on that last down wrb aswell
[11:48:36] <r33gmd> could be professional buying into that down plunge on the s&p
[11:50:46] <r33gmd> or not haha
[11:51:56] <@wrbtrader> I just want them to be more active more times in the trading day in comparison to what has been happening since the U.S. Government Shutdown Fiasco
[11:52:32] <r33gmd> ask them then :)
[11:52:51] <r33gmd> i have the email for head of goldman
[11:52:52] <@wrbtrader> The volatility was already low but that shutdown made things extremely difficult to trade
[11:52:59] <r33gmd> he is a good friend of mine
[11:53:50] <TigermanTrader> yeah this low volatility is painful
[11:54:25] <@wrbtrader> It's boring
[11:54:32] <r33gmd> why dont you all trade currencys
[11:54:35] <TigermanTrader> I ve to rearrange my schedule and try asian markets
[11:54:38] <r33gmd> arnt they more volitile?
[11:55:02] <TigermanTrader> HSI is my first option
[11:55:02] <@wrbtrader> Most do but not actively
[11:55:23] <r33gmd> wrbtrader: Most do but not actively" ?
[11:55:49] <r33gmd> you mean often?
[11:56:18] <@wrbtrader> Not actively means "not often" or "not every day" or "once in awhile"
[11:56:55] <r33gmd> ok
[11:57:17] <@wrbtrader> 78% of the users of the WRB Analysis free study guide are Forex traders
[11:57:26] <robbin_banks> ive been using WRB analysis on FX and have decent results..but on longer TF's...
[11:57:47] <craigaudio> any particular reason for that? you think the method works best on forex?
[11:57:59] <r33gmd> i find them pretty good on 4 hr charts on fore
[11:58:02] <@wrbtrader> I didn't say that.
[11:58:04] <r33gmd> forex*
[11:58:11] <r33gmd> if you look at gbpjpy
[11:58:18] <r33gmd> im sure i have adialy signal on that
[11:58:20] <r33gmd> daily*
[11:58:28] <r33gmd> i didn take it though
[11:58:39] <@wrbtrader> I just think Forex traders are attracted more to WRB Analysis because its give them that volatility info that they can't get because they lack the volume info
[11:58:48] <craigaudio> good point
[11:59:05] <craigaudio> also retail traders can fund forex acccounts cheaply
[11:59:11] <r33gmd> you can just use tick volume though?
[11:59:21] <@wrbtrader> Meant...due to the lack in volume info...they use volatility to replace the missing volume info
[11:59:40] <craigaudio> can trade bigger timeframes with less $ risk than trading futures
[11:59:54] <craigaudio> if retail trading FX
[12:00:05] <r33gmd> i think we have a daily swing point on the spx to the long side
[12:08:30] <r33gmd> that last move down looks like a shakeout to me
[12:10:08] <r33gmd> or as wyckoff would call it a spring :)
[12:37:01] <robbin_banks> short es emini 5 contracts 1832.00
[12:40:51] <TigermanTrader> take care all see next time
[12:43:20] <robbin_banks> +5 contracts short es 1833.00
[12:47:14] <robbin_banks> averaged at 1832.50 10 c0ntracts
[12:54:08] <robbin_banks> not liking this looking to bail....had hoped for a small move down
[13:03:21] <robbin_banks> covered all es short 1824
[13:03:27] <robbin_banks> -105
[13:03:35] <robbin_banks> -1.5
[13:05:28] <robbin_banks> long es emini 1834.00 10 contracts
[13:07:15] <robbin_banks> cover long @1835.00 +1.0
[14:24:52] <robbin_banks> short es emini 5 contracts @1836.00
[14:32:24] <robbin_banks> short 5 more contracts @1836.75
[14:36:28] <robbin_banks> sl et at 1838.25
[14:37:07] <robbin_banks> covered all short @1838.25 -2.0
[14:37:13] <robbin_banks> i think!
[14:40:14] <robbin_banks> short es emini 20 contracts at 1838.00
[14:51:32] <robbin_banks> cover all es short at 1835.75+2.25
[14:53:20] <robbin_banks> looks like some volatility is trying to creep back in
[14:56:02] <robbin_banks> long es emini 5 contracts @1836.00
[14:58:44] <robbin_banks> cover all long at 1836.25 +.25
[15:06:21] <robbin_banks> long es emini @1837.00 10 contracts
[15:10:37] <robbin_banks> covered long 1836.50 -.50
[15:10:56] <robbin_banks> done for the day..take care all
[15:48:36] <Coin_> hello, I am unable to join with mIRC anymore, any idea ?
[15:48:48] <Coin_> following all steps in the forum
[15:53:20] <@wrbtrader> Hi Coin
[15:53:53] <@wrbtrader> What steps did you follow because you didn't mention any specifics
[15:54:25] <@wrbtrader> Most that can't log in is because they typed something wrong or went to the wrong server
[15:54:57] <@wrbtrader> For example...you able to get on the server ?
[15:56:03] <Coin_> yes but not fremont,, only denver so far
[15:56:25] <@wrbtrader> Yep...you used the word Fremont :)
[15:56:40] <@wrbtrader> That means you're reading the instructions incorrectly.
[15:57:03] <@wrbtrader> What link did you use for the instructions ?
[15:57:37] <@wrbtrader> Long Emini TF @ 1172.50 -> medium size
[15:57:55] <@wrbtrader> 4 contracts
[15:59:03] <Coin_> http://www.thestrategylab.com/tsl/forum ... 165&t=1551
[15:59:39] <@wrbtrader> Exited all Emini TF Long @ 1172.60 --> + 0.1
[16:00:19] <@wrbtrader> very little volatility into that 4pm est regular session close except for chop
[16:01:43] <@wrbtrader> Coin...did you read the instructions carefully ?
[16:01:59] <@wrbtrader> Basically it saying DO NOT use the Fremont
[16:02:16] <@wrbtrader> It saids we're on the Freenode server
[16:02:35] <@wrbtrader> It also saids do not use #TheStrategyLab.
[16:02:47] <Coin_> oh okay my bad, I'll double check
[16:02:48] <@wrbtrader> Instead, the room is ##TheStrategyLab
[16:03:11] <Coin_> sry and thx
[16:03:20] <@wrbtrader> The log in instructions are the same...
[16:03:40] <@wrbtrader> Its basically telling you the change the name and location.
[16:04:05] <@wrbtrader> Just read the first 3 paragraphs very carefuylly
[16:05:21] <@wrbtrader> Coin...if you're using Trillian to log in...that should have told you what you're doing in error via mIRC
[16:06:01] <@wrbtrader> The Trillin instructions are NEW
[16:08:16] <Coin_> sorry for delay, I wanted a trade in IBM..
[16:10:11] <Coin2> ahh !
[16:10:13] <Coin2> better
[16:10:18] <Coin2> thank you wrbtrader
[16:10:35] <@wrbtrader> How did you get in here as Coin...via Trillian ?
[16:10:42] <@wrbtrader> Or via the web browser ?
[16:11:35] <Coin2> it was via the web browser
[16:11:46] <Coin2> not by mIRC
[16:11:49] <Coin2> now*
[16:13:17] <Coin2> got a good day ?
[16:16:37] <Coin2> see ya
[16:16:45] <@wrbtrader> Good day but very little trading
[16:16:55] <@wrbtrader> Take care all and see all tomorrow
Session Close: Tue Jan 21 16:35:35 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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