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 Post subject: January 29th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Jan 30, 2014 1:20 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:
012914-Key-Price-Action-Markets.png
012914-Key-Price-Action-Markets.png [ 534.04 KiB | Viewed 117 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 29 06:48:46 2014
Session Ident: ##TheStrategyLab
[06:48:46] * Now talking in ##TheStrategyLab
[06:48:46] * 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'
[06:48:46] * Set by wrbtrader on Tue Feb 05 08:11:19
[06:48:46] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:28:49] <robbin_banks> morning everyone!!
[09:39:53] <@wrbtrader> Key Market Events today @ 1030am, 1400pm and 1500pm est
[09:41:51] <robbin_banks> yes sir FOMC day..
[10:11:04] <@wrbtrader> Long Emini TF @ 1129.30 -> small size
[10:11:16] <@wrbtrader> 1 contract
[10:11:53] <@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.
[10:13:03] <@wrbtrader> Exited Emini TF Long @ 1128.50 --> - 0.8
[10:14:23] <@wrbtrader> Emini TF futures retesting the R area of the 3min chart Up WRB Hidden GAP @ 0939am - 0942am est
[10:15:23] <@wrbtrader> Shorts Emini TF @ 1126.40 -> small size
[10:15:31] <@wrbtrader> 1 contract
[10:16:45] <@wrbtrader> chop has showed up :(
[10:18:32] <@wrbtrader> Covered Emini TF Short @ 1127.00 --> - 0.6
[10:18:56] <@wrbtrader> Shorts Emini TF @ 1126.40 -> small size
[10:19:04] <@wrbtrader> 3 contracts
[10:19:07] <@wrbtrader> re-entry
[10:19:12] <t4npaper> My charts are acting sluggish
[10:21:05] <@wrbtrader> Covered all Emini TF Short @ 1126.20 --> + 0.2
[10:22:00] <@wrbtrader> Shorts Emini TF @ 1126.10 -> medium size
[10:22:08] <@wrbtrader> 2+2 contracts
[10:22:33] <@wrbtrader> my short entries are via lower prices but I keep getting shaken out
[10:22:40] <@wrbtrader> re-entry
[10:26:52] <robbin_banks> long es emini 1774.00 5 contracts
[10:29:58] <@wrbtrader> craig...you having IRC connection problems ?
[10:30:16] <robbin_banks> long 5 contracts @1772.00 es ..avg 1773.00
[10:30:39] <@wrbtrader> Covered all Emini TF Short @ 1125.80 --> + 0.3
[10:31:27] <robbin_banks> covered all es long 1773.75 +.75
[10:32:05] <@wrbtrader> 4 trades with 4 consecutive trail stop hits
[10:32:15] <@wrbtrader> tough price action
[10:33:29] <robbin_banks> yeah got in to early, then i got out to early...geezz
[10:50:08] <robbin_banks> short nq 3477.00 5 contracts
[10:53:05] <robbin_banks> short 5 more contracts nq 3479.00 avg 3478.00
[10:57:36] <robbin_banks> covered all nq shorts @3477.75 +.25..houdini escape
[11:18:39] <robbin_banks> short esemini @1777.50 5 contracts
[11:19:05] <@wrbtrader> WTI Crude Declines as Supplies Jump More Than Expected (Bloomberg) @ http://www.bloomberg.com/news/2014-01-2 ... ected.html
[11:29:03] <t4npaper> finaly got my charts acting right
[11:32:45] <@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.
[11:34:15] <@wrbtrader> Crude Oil CL futures 3min chart Up WRB Hidden GAP @ 1033am - 1036am est
[11:35:09] <@wrbtrader> EuroFX 6E futures 3min chart Down WRB Hidden GAP @ 1028am - 1031am est
[11:37:19] <@wrbtrader> Gold GC futures 3min chart Up WRB Hidden GAP @ 1130am - 1133am est
[11:37:49] <t4npaper> long tf 1129.8
[11:45:10] <robbin_banks> coverd all es short 1778.25 -.75
[11:47:23] <t4npaper> exit all 1128.9
[12:35:46] <t4npaper> bleh
[12:35:50] <t4npaper> tanking away
[12:45:31] <robbin_banks> es price moving up into 3min TF zone
[12:46:45] <robbin_banks> tf= time frame
[12:50:22] <@wrbtrader> Emini TF futures 3min chart Down WRB Hidden GAP @ 1227pm - 1230pm est
[12:50:47] <@wrbtrader> Chat Room Participation Rules -> Chat Room Participation Rules -> 8,2 To gain access to ##TheStrategyLab chat room, you agreed to participate via discussing anything about the price action on your charts involving either WRBs, WRB Hidden GAP, key market events, WRB Zones, swing point price actions, strong continuation price actions, WRB profit targets or posting trades via anything related to the WRB Analysis free study guide. If you're here to lurk instead of participating...you should not be here and you're lowering the quality of the chat room resulting in other members leaving the chat room due to inactivity or posting their commentary elsewhere. Yet, if you're only here to just read the conversations, do not log in and instead please read the archive chat logs posted at night @ viewforum.php?f=20
[12:54:31] <robbin_banks> gonna short es emini 2 contracts @1775.75
[12:54:48] <robbin_banks> no vola but good signal.. 3min chart
[12:58:26] <t4npaper> vol showed and disappeard
[13:01:44] <t4npaper> trying to show up
[13:03:17] <robbin_banks> yeah ..I covered all @1774.5 +1.0...problem is price is moving down into another zone from this morning
[13:04:08] <robbin_banks> how do you know which zone is the dominant? maybe theres no way too know
[13:06:06] <@wrbtrader> Dominant Zones get retested many times.
[13:06:55] <@wrbtrader> They don't fill as a fast when price action enters them in comparison to other Zones that fill when price action enters the Zone
[13:07:22] <@wrbtrader> Thus, price action that goes in and out and in and out of a WRB without filling in the WRB Zone...
[13:07:26] <@wrbtrader> Its a strong WRB Zone
[13:07:34] <robbin_banks> ok ...that does make sens..thanks
[13:07:55] <@wrbtrader> Yet, that strength doesn't imply any particular price direction.
[13:10:26] <robbin_banks> understood! thank you
[13:12:11] <t4npaper> todays price action seems strange to me
[13:12:20] <t4npaper> maybe because i missed so much if the earlier session
[13:18:19] <t4npaper> almost forgot 2pm FOMC
[13:22:55] <robbin_banks> oh yeah...me too
[13:40:48] <t4npaper> TF testing lows
[13:48:08] <t4npaper> 15 till FOMC
[13:53:26] <t4npaper> long tf 1121.1
[13:53:29] <t4npaper> 1 contract
[13:54:23] <t4npaper> gotta go, lol
[13:54:33] <t4npaper> will miss the fomc after all
[14:06:34] <robbin_banks> wow
[14:17:09] <@wrbtrader> Shorts Emini TF @ 1119.20 -> medium size
[14:17:21] <@wrbtrader> 4 contracts
[14:18:16] <@wrbtrader> Shorts Emini TF @ 1119.20 -> Add
[14:18:43] <@wrbtrader> 4 added
[14:20:01] <robbin_banks> do you trade during that initial mess mr p. or wait for the fll out?
[14:20:17] <robbin_banks> fall
[14:22:24] <@wrbtrader> no time limit for me
[14:22:33] <@wrbtrader> I trade whenever I get a trade signal
[14:23:12] <robbin_banks> i see
[14:23:21] <robbin_banks> thanks
[14:24:00] <@wrbtrader> Covered 1/2 Emini TF Short @ 1117.70 --> + 1.5
[14:24:33] <@wrbtrader> Covered Remainder Emini TF Short @ 1119.00 --> + 0.2
[14:34:38] <@wrbtrader> Long Emini ES futures @ 1774.00 large size 25 contracts
[14:35:07] <@wrbtrader> Long Emini TF @ 1124.90 -> large size
[14:35:27] <@wrbtrader> 6 contracts
[14:36:10] <@wrbtrader> Exit all Emini ES futures @ 1774.50
[14:36:20] <@wrbtrader> +0.50
[14:36:39] <@wrbtrader> Long Emini ES futures @ 1774.50 large size 25 contracts
[14:36:46] <@wrbtrader> re-entry
[14:42:09] <@wrbtrader> Exited all Emini TF Long @ 1125.10 --> + 0.2
[14:44:17] <@wrbtrader> Exit all Emini ES futures @ 1775.50 +1.00
[14:44:51] <@wrbtrader> I thought I could hold both but in the end...got shaken out of both :(
[14:51:03] <@wrbtrader> Emini futures just can't shake the range of the intervals involved with the FOMC announcement :(
[14:51:39] <robbin_banks> tough range to trade
[14:52:58] <robbin_banks> long es 1774.0
[14:53:05] <robbin_banks> 2 contracts
[14:54:54] <robbin_banks> covered es long @1772.00
[14:54:59] <robbin_banks> -1.00
[14:55:16] <robbin_banks> correction -2.0
[14:55:27] <@wrbtrader> Shorts Emini ES @ 1171.25 -> large size
[14:55:47] <@wrbtrader> 30 contracts
[14:59:35] <@wrbtrader> WRB pt1 reached
[14:59:48] <@wrbtrader> WRB pt2 reached
[14:59:56] <robbin_banks> sweet!!
[15:01:12] <robbin_banks> pretty good day for you mr P considering the price action
[15:01:56] <@wrbtrader> Covered 2/3 Emini ES Short @ 1768.25 --> - 597
[15:02:15] <@wrbtrader> correction
[15:03:00] <@wrbtrader> entry was 1771.25 (not 1171.25)
[15:03:34] <@wrbtrader> +3.00
[15:04:10] <robbin_banks> very nice
[15:05:42] <@wrbtrader> robbin_banks...price action not what I expected today. Very poor
[15:06:13] <@wrbtrader> I was looking for a lot more volatility in this FOMC announcement
[15:08:31] <@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
[15:11:18] <@wrbtrader> WRB pt3 reached
[15:11:48] <robbin_banks> you still did really well despite
[15:13:04] <robbin_banks> the lack of vola
[15:13:32] <@wrbtrader> Today I had a little more patience than I normally do
[15:18:48] <@wrbtrader> Fed stays the course by tapering another $10 billion (MarketWatch) @ http://www.marketwatch.com/story/fed-st ... =countdown
[15:21:07] <@wrbtrader> Treasuries Rise on Refuge Demand as Fed Taper Matches Forecast (Bloomberg) @ http://www.bloomberg.com/news/2014-01-2 ... ecast.html
[15:28:39] <robbin_banks> short es 2 contracts @1768.25
[15:31:28] <robbin_banks> cover all es short @1766.00
[15:31:39] <robbin_banks> +2.25
[15:35:27] <robbin_banks> have to go guys...thanks for letting me hang out..see ya'll tomarrow
[15:37:14] <@wrbtrader> we're getting closer to the 4pm est rush hour traffic
[15:45:38] <@wrbtrader> Covered remainder Emini ES Short @ 1770.25 +1.00
[15:47:37] <@wrbtrader> Long Emini ES @ 1772.00 -> large size
[15:47:52] <@wrbtrader> 10 contracts
[15:50:03] <@wrbtrader> Exited Emini ES Long @ 1771.00 --> - 1
[15:51:24] <@wrbtrader> Shorts Emini ES @ 1769.00 -> large size
[15:51:44] <@wrbtrader> 10 contracts
[15:52:17] <t4npaper> TF needs to follow along
[15:54:49] <@wrbtrader> Covered Remainder Emini ES Short @ 1770.00 --> - 1
[15:55:36] <@wrbtrader> no volatility into this regular session close
[15:55:38] <@wrbtrader> too bad
[15:55:54] <@wrbtrader> Shorts Emini ES @ 1769.00 -> large size
[15:56:19] <@wrbtrader> 20 contracts
[15:57:00] <@wrbtrader> Emini futures not insync right now
[15:57:10] <@wrbtrader> that usually brings in volatility
[15:57:23] <t4npaper> i blame tf
[15:57:48] <t4npaper> somehow stayed up
[15:58:24] <@wrbtrader> Covered all Emini ES Short @ 1769.00 --> 0
[15:58:40] <@wrbtrader> TF still holding upwards
[15:59:05] <t4npaper> cracking, but could be too late
[15:59:19] <@wrbtrader> Shorts Emini ES @ 1768.50 -> large size
[15:59:55] <@wrbtrader> 20 contracts
[16:00:05] <t4npaper> short tf 1120.1
[16:00:35] <@wrbtrader> Covered all Emini ES Short @ 1768.75 --> - 0.25
[16:00:37] <t4npaper> exit 1119.3
[16:01:03] <@wrbtrader> Yeah...it just turned into a trading range 4pm price action
[16:01:26] <@wrbtrader> Long Emini ES @ 1770.25 -> large size
[16:01:40] <@wrbtrader> now we get the kick from the Earning price action
[16:01:48] <@wrbtrader> 20 contracts
[16:02:02] <@wrbtrader> It worked well the other day
[16:02:37] <@wrbtrader> For Emini TF while Emini ES was slower in momentum
[16:03:01] <@wrbtrader> I left early during that run because of an appointment
[16:03:13] <@wrbtrader> Will try to hang around for this one
[16:03:54] <t4npaper> tf 15m lookss bearish
[16:03:57] <@wrbtrader> Exited all Emini ES Long @ 1770.75 --> + 0.5
[16:04:32] <@wrbtrader> Yeah, the higher time frames is bearish
[16:05:31] <@wrbtrader> That's why I was surprised earlier when it retraced my other trade by +5.50 points to take my trail out at +1.00...
[16:05:50] <@wrbtrader> and it remainded in that bearish higher time frame price action the entire time :(
[16:06:08] <t4npaper> ouch
[16:06:12] <t4npaper> wasnt here for that
[16:06:31] <t4npaper> or just wasnt looking anyway
[16:06:33] <@wrbtrader> Still a profit but should have been bigger.
[16:06:55] <@wrbtrader> It reached WRB pt4 level but retraced at took me out at WRB pt1
[16:07:16] <@wrbtrader> Reminder about tomorrow...
[16:07:33] <@wrbtrader> Today was a FOMC day...not much volatility
[16:07:58] <@wrbtrader> I will be pushing position size tomorrow because a market tendency kicks in for 2 trading days
[16:08:08] <@wrbtrader> involving today's FOMC announcement
[16:08:35] <@wrbtrader> I'm looking for a trend day or a few strong continuation price actions
[16:08:44] <@wrbtrader> Take care all and see all tomorrow
Session Close: Wed Jan 29 22:31:56 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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