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 Post subject: January 30th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Jan 30, 2014 1:45 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2503
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 either one WRB Analysis price action commentary involving any key concept from the free study guide, 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:
013014-Key-Price-Action-Markets.png
013014-Key-Price-Action-Markets.png [ 531.14 KiB | Viewed 82 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 or private messages) that have been merged together at the end of the trading day.

Session Start: Thu Jan 30 09:23:00 2014
Session Ident: ##TheStrategyLab
[09:23:00] * Now talking in ##TheStrategyLab
[09:23:00] * 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'
[09:23:00] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:23:00] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:15] <TigermanTrader> gm all
[09:32:49] <robbin_banks> hi tiger
[09:33:16] <TigermanTrader> hi robbin
[09:33:40] <wrbtrader> Key Market Events @ 1000am and 1030am est
[09:35:52] <TigermanTrader> sh es 1783.5
[09:36:07] <TigermanTrader> wow TF moved better
[09:36:44] <TigermanTrader> exit es 1783 +2 tk
[09:41:17] <TigermanTrader> ym on his own
[09:44:03] <robbin_banks> price entering 2min ES zone
[09:44:22] <wrbtrader> Crude Oil CL futures 3min chart Up WRB Hidden GAP @ 0915am - 0918am est
[09:45:56] <wrbtrader> Crude Oil CL futures 15min chart Up WRB Hidden GAP @ 0900am - 0915am est
[09:47:03] <wrbtrader> I'm going to consistently post WRB Hidden GAP info in here because a lot of the users of the free study guide that don't use the chat room have said the big problem they're having is seeing WRB Hidden GAPs form in live price action.
[09:47:21] <wrbtrader> Thus, they don't have problems seeing them on hindsight charts...
[09:47:27] <wrbtrader> The issue is seeing them form live.
[09:47:39] <TigermanTrader> sh iwm 112.13
[09:47:58] <TigermanTrader> exit iwm 112.10 +3tk
[09:48:18] <TigermanTrader> I ve done some short before but easy pick up
[09:48:22] <wrbtrader> It seems easy to me but hopefully the real-time identification of a few WRB Hidden GAPs per day may be helpful
[09:48:31] <TigermanTrader> simple my bias is short but entry not easy
[09:50:37] <TigermanTrader> a big wrb hg in 2 min was on YM at 9:30
[09:51:15] <TigermanTrader> that started a downtrend in ym but others e-minies was lazy in follow it
[09:52:04] <craigaudio> appreciate heads up on ES WRBs Mark
[09:52:07] <craigaudio> :-)
[09:53:12] <craigaudio> ES had 15min WRB to top was 80 75 and lower part 77 00
[09:53:34] <@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.
[09:54:35] <@wrbtrader> Hang Seng HSI futures closed early last night because of their pending Happy Lunar New Year
[09:56:10] <TigermanTrader> yeah today chinese comunity here celebreate it
[09:56:40] <TigermanTrader> after that 5 days minimum of happy holiday for some lucky people
[09:57:00] <robbin_banks> short es emini 1781.00 5 contracts
[09:57:16] <TigermanTrader> in asia in small village people celebrate a lot
[10:00:20] <@wrbtrader> Emini ES futures 1min chart Down WRB Hidden GAP @ 0954am - 0955am est
[10:00:22] <TigermanTrader> sh iwm 12.24
[10:00:33] <robbin_banks> covered all es short 1780.50 +.50
[10:00:40] <TigermanTrader> ex iwm at 12.19 +5 tk
[10:01:00] <robbin_banks> was waiting for a break down..got spooked...and there it goes
[10:02:20] <TigermanTrader> curiously today bad news on gdp and uemply claim but price gone up
[10:02:28] <TigermanTrader> no listen the news
[10:02:48] <TigermanTrader> what important is the volatility they create if do :)
[10:03:20] <TigermanTrader> home sale really bad
[10:03:40] <TigermanTrader> -8.7%
[10:08:15] <TigermanTrader> sh es 780.25
[10:08:29] <TigermanTrader> exit es 80 + 1tk
[10:08:41] <TigermanTrader> wow peek a boo volatility
[10:08:53] <TigermanTrader> reatrace fast :(
[10:10:52] <@wrbtrader> Many key markets have now gone range bound with low volatility
[10:11:02] <TigermanTrader> sh es 79.5
[10:11:35] <TigermanTrader> ex es 79.5 +0 :(
[10:12:30] <TigermanTrader> now until a good action I avoid to risk a dime :)
[10:12:53] <@wrbtrader> Range getting tighter in Emini TF futures...lower highs + higher lows
[10:13:05] <@wrbtrader> I'm now expecting a volatility spike here soon
[10:17:05] <TigermanTrader> I still wait a reaction of home news
[10:17:33] <TigermanTrader> after a bad result like that strangly price not move !!
[10:21:12] <@wrbtrader> range getting tighter and volatility going lower
[10:21:24] <@wrbtrader> something is going to break here soon (Up or Down)
[10:24:05] <@wrbtrader> Eurex DAX futures and DJstoxx50 futures doing the same as the Emini futures
[10:25:38] <t4npaper> cl gave an early attempt at it
[10:26:39] <t4npaper> tf made the break
[10:28:11] <@wrbtrader> Yeah with a nice looking Up WRB Hidden GAP too
[10:28:31] <@wrbtrader> hopefully it doesn't retrace back down into the low volatility tight trading range
[10:33:02] <robbin_banks> short es emini 1781.50 10 contracts
[10:34:42] <t4npaper> TF testing low of recent WRBHG
[10:37:17] <TigermanTrader> yeah low volatility that wrb hg are easy reytraced
[10:38:13] <robbin_banks> covered es short @1783.50 -3.0
[10:44:16] <t4npaper> internet issues :(
[10:50:02] <NickH> just asking if I'm connected...test
[10:51:23] <@wrbtrader> test is good
[10:51:27] <NickH> k thanks
[10:56:25] <robbin_banks> long es emini @1783.50 5 contracts
[10:58:01] <robbin_banks> geez..jumped in to soon looking to escape
[11:00:27] <@wrbtrader> Pending home sales lowest in more than two years (MarketWatch) @ http://www.marketwatch.com/story/pendin ... lcountdown
[11:06:40] <robbin_banks> covered es short @18782.00
[11:21:29] <@wrbtrader> 1,4 ##TheStrategyLab Purpose -> 8,2 - This chat room is for YOU to use as a daily journal of your thoughts or trades involving using any key concept from the WRB Analysis free study guide. If you're in here and NOT talking about WRBs, WRB Hidden GAPs, key market events, swing point price actions, strong continuation price actions, WRB Zones...you are not properly using this chat room.
[11:36:21] <TigermanTrader> take care all see all next time
[11:40:42] <t4npaper> motorweek
[11:40:49] <t4npaper> woops
[11:52:28] <robbin_banks> sorry guys distracted at work...
[11:52:42] <robbin_banks> 1,2,3,4 HG on es 1 min chart

***************
Attachment:
013014-wrbtrader-Most-Recent-TheStrategyLab-Chat-Room-Trades.png
013014-wrbtrader-Most-Recent-TheStrategyLab-Chat-Room-Trades.png [ 57.58 KiB | Viewed 84 times ]

Session Start: Thu Jan 30 09:23:00 2014
Session Ident: ##TheStrategyLab_Private
[09:23:00] * Now talking in ##TheStrategyLab_Private
[09:23:00] * 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'
[09:23:00] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:56:07] <wrbtrader> VIX moving higher (not ranging) while Emini futures and other key markets are ranging on low volatility
[09:57:28] <wrbtrader> Hopefully the KME @ 1000am est will force the Eminis to make a move considering VIX current price action is providing support for such
[10:01:53] <wrbtrader> Short Emini TF futures @ 1127.20 small size 1 + 1 contracts
[10:02:53] <wrbtrader> Hmmm...my analysis is wrong. I need to dump this
[10:03:05] <wrbtrader> Cover all Emini TF futures @ 1127.50 -0.30
[10:03:17] <wrbtrader> Houdini Escape even though price action not doing anything
[10:03:29] <wrbtrader> Higher lows after price action tested the S area of the Up WRB Hidden GAP from 0949am - 0950am est
[10:03:35] <wrbtrader> volatility increasing due to the KME but price has stalled so far around 1127.50
[10:06:38] <wrbtrader> Long Emini TF futures @ 1129.20 large size 4 + 1 + 3 + 2 contracts
[10:07:28] <wrbtrader> volatility still increasing but LESS choppy now
[10:09:21] <wrbtrader> price action trying hard to retrace back to breakeven for this trade
[10:09:51] <wrbtrader> still holding total of 10 contracts
[10:15:59] <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
[10:29:51] <wrbtrader> price currently @ 1132.20
[10:39:39] <wrbtrader> I'm still Long and price action still around 1132.20
[10:40:37] <wrbtrader> WRB pt1 had been reached via the WRB Hidden GAP of 1025am est
[10:52:19] <wrbtrader> The goal of this Long position is a WRB Hidden GAP pt2
[10:53:34] <wrbtrader> It has already reached via the Up WRB Hidden GAP pt1 @ 1026am est (1132.60) but has been struggling since to get back above that R area of the Up WRB Hidden GAP
[11:24:10] <wrbtrader> WRB Hidden GAP pt2 reached @ 1122am est (1136.50)
[11:25:20] <wrbtrader> Exit 5 contracts @ 1136.50 +7.30 and still holding 5 contract remainders
[11:26:57] <wrbtrader> held the remainders for a higher price action after I saw the volatility show up again.
[11:27:36] <wrbtrader> Unfortunately its now declining and trying to retest the S area (1135.40) of that WRB Hidden GAP
[11:33:11] <wrbtrader> Exit 4 contracts Emini TF futures @ 1137.60 +8.40
[11:33:23] <wrbtrader> WRB Hidden GAP pt3 reached
[11:33:43] <wrbtrader> Holding 1 contract remainder with volatility still trying to push prices higher
[11:50:45] <wrbtrader> Exit remainder contract Emini TF futures @ 1139.90 +9.70
[11:51:43] <wrbtrader> I exited that last contract into a volatility breakout of the prior three intervals...essentially its a WRB
[11:52:23] <wrbtrader> I'm done for the trading day eventhough Emini TF futures is still going higher after my exit.
Session Close: Thu Jan 30 12:07:02 2014
***************

[12:35:26] <robbin_banks> long es 1790.50 5 contracts
[12:39:35] <robbin_banks> exit all es long @1791.50 +1.0
[13:00:21] <robbin_banks> es price bouncing in and out of 1min HG...looking for a signal to long
[13:08:27] <robbin_banks> long 1 contract es @1792.00
[13:08:58] <robbin_banks> the support of the 1m zone is hold so i want to see if it will bounce ...tight stop
[13:11:30] <robbin_banks> covered es long @1791.50 -.50
[13:11:38] <robbin_banks> didnt hold!
[13:19:13] <robbin_banks> long es 1791.50 4 contracts
[13:35:58] <robbin_banks> sorry covered all es long @1790.25
[13:36:14] <robbin_banks> -1.25
[13:44:09] <t4npaper> i might need a new chart service
[13:44:25] <t4npaper> thinkorswim is failing me
[13:49:18] <robbin_banks> i have them but never really use them
[13:50:31] <@wrbtrader> I have them too but only use them as backup charting
[13:51:10] <t4npaper> some sort of update has messed it up, choppy and laggy
[13:51:29] <t4npaper> done for now, going to shop around for charting
[13:52:14] <robbin_banks> take care t4
[13:52:27] <@wrbtrader> I do like their mobile app a lot
[13:54:44] <robbin_banks> dont have that one
[13:55:59] <robbin_banks> 4min es ..price filled the HG but is reversing
[13:59:09] <craigaudio> alwyas a kick in the teeth to get stopped to tick on highs when shorting...managed to get back in shorting again this time within the 5min WRB on S&P formed 12:40
[14:03:33] <robbin_banks> short 2 contracts es1789.50...no signal i see just a guess
[14:06:24] <robbin_banks> theres alittle vola in there..but im gonna need alot more than that to go home a winner today! lol
[14:09:11] <robbin_banks> covered all es short at 1787.25 +2.25
[14:09:45] <@wrbtrader> nice trade and good patience
[14:10:16] <robbin_banks> thanks..I have teacher!!lol
[14:10:29] <robbin_banks> good teacher
[14:11:45] <robbin_banks> i have this problem...I can hold a losing trade forever..but the minute im up a dollar I rush to close..I need to reverse these
[14:12:27] <@wrbtrader> I think that's a common problem for most.
[14:12:50] <@wrbtrader> As soon as profits are tasteful...fear hits that we may lose it.
[14:13:09] <@wrbtrader> Thus, we quickly bank the profits to get that relief of the fear
[14:13:32] <robbin_banks> thats it exactly!!
[14:13:55] <@wrbtrader> I had a big problem with it for about 2 years when I first started trading
[14:14:37] <craigaudio> how long you been trading WRBtrader?
[14:16:17] <@wrbtrader> started in 1980's...full time early 1990's
[14:16:44] <@wrbtrader> started very your in my teens via a relative's account
[14:16:51] <@wrbtrader> your = young
[14:17:03] <craigaudio> wow
[14:17:17] <craigaudio> borin into by fathers experience no doubt
[14:17:33] <craigaudio> and a very kind and supportive relative!
[14:17:47] <@wrbtrader> I'm from a family of traders
[14:18:02] <@wrbtrader> My old man and his cousin were floor traders
[14:19:11] <@wrbtrader> Today, I have close family friends as institutional traders in three different countries
[14:20:36] <robbin_banks> if u could give ONE piece of advice to an up and coming trader ..what would that be?
[14:21:09] <@wrbtrader> Don't quit your day job
[14:21:29] <@wrbtrader> You can learn trading and do some trading before/after work.
[14:21:31] <robbin_banks> hehehehe..im there right now as a matter of fact
[14:22:07] <@wrbtrader> Having the job as a primary source of income allows you to keep the fears and stress away while perfecting how to trade
[14:23:37] <robbin_banks> did u trade today mr P?
[14:23:49] <@wrbtrader> Yes but in private
[14:24:11] <robbin_banks> gotcha
[14:24:19] <@wrbtrader> Log posted @ viewtopic.php?f=126&t=1709
[14:30:01] <@wrbtrader> Emini TF futures 5min chart retesting the S area of the Down WRB Hidden GAP 1400pm - 1405pm est
[14:31:31] <@wrbtrader> Emini TF futures now restesting the R area of the mentioned Down WRB Hidden GAP
[14:48:22] <@wrbtrader> Emini TF futures not able to stay above that R area after breifly ticking abov it
[14:48:59] <@wrbtrader> now just stuck inside the range of the Down WRB Hidden GAP on very low volatility and its the mid-day trading session
[14:49:08] <@wrbtrader> Simply, not worth watching.
[14:49:20] <@wrbtrader> Take care all and have a nice weekend.
[14:51:17] <robbin_banks> thanks mr p
[15:14:47] <robbin_banks> got run guys..thanks for everything
Session Close

-------------------------

##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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