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 Post subject: February 6th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Feb 07, 2014 6:00 am 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
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:
020614-Key-Price-Action-Markets.png
020614-Key-Price-Action-Markets.png [ 523.5 KiB | Viewed 274 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 Feb 06 08:23:58 2014
Session Ident: ##TheStrategyLab
[08:23:58] * Now talking in ##TheStrategyLab
[08:23:58] * 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'
[08:23:58] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:23:58] -roddenberry.freenode.net:##TheStrategyLab- [freenode-info] if you're at a conference and other people are having trouble connecting, please mention it to staff: http://freenode.net/faq.shtml#gettinghelp
[08:23:59] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:46:35] <wrbtrader> Shorts Emini TF @ 1092.80 -> small size
[08:46:44] <wrbtrader> 1+1 contracts
[08:47:37] <wrbtrader> missed the actual trade signal @ 1094.00
[08:48:01] <wrbtrader> Thus, my entry is a chaser by 1.20 points :(
[08:48:15] <NDW> still working for you :)
[08:48:41] <wrbtrader> so far trade is still dropping...protecting my poor entry
[08:53:33] <wrbtrader> 1.20 points may not seem like a big deal but with Emini TF futures...it is a big deal because its a critical "wiggle room" that's needed to stay in the trade when price action fluctuates up and down...
[08:53:56] <wrbtrader> Preventing trail stops from being hit when the trade direction is correct
[08:54:44] <NDW> the TF is volatile, so 12 ticks is a big deal
[08:55:38] <wrbtrader> agree
[08:59:10] <wrbtrader> Covered all Emini TF Short @ 1092.40 --> + 0.4
[08:59:14] <wrbtrader> :(
[09:34:04] <TigermanTrader> gm all
[09:34:46] <NDW> GM
[09:36:41] <Titus9631> gm
[09:42:51] <TigermanTrader> wow my ToS platform fozen :(
[09:43:42] <TigermanTrader> using as main chart sometimes
[09:44:05] <TigermanTrader> today was one of those days until reconfig my entire sys
[09:44:27] <TigermanTrader> lucky I use my IB broker to execute some trades before
[09:44:36] <TigermanTrader> using dome not chart
[09:56:08] <@wrbtrader> ##TheStrategyLab Purpose -> -This chat room is for YOU to use as a daily journal of your thoughts or trades involving 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.
[09:59:25] <@wrbtrader> Key Market Events @ 1000am, 1006am est
[10:00:23] <@wrbtrader> That 0830am est ECB Press Conference and the US Unemployment Claims should set the tone for key price areas to watch today
[10:01:33] <@wrbtrader> German Notes Slide as ECB Refrains From Adding Stimulus Measures (Bloomberg) @ http://www.bloomberg.com/news/2014-02-0 ... ision.html
*******
Attachment:
020614-wrbtrader-Most-Recent-TheStrategyLab-Private-Chat-Room-Trades-1.png
020614-wrbtrader-Most-Recent-TheStrategyLab-Private-Chat-Room-Trades-1.png [ 37.8 KiB | Viewed 301 times ]

Private Mobile Session Start: Thu Feb 06 08:23:59 2014
Session Ident: mobile
[08:23:59] * Now talking mobile
[09:45:16] <@wrbtrader> Lomg Emini ES futures @ 1756.25 -> large size 10 contracts
[09:59:25] <@wrbtrader> Key Market Events @ 1000am, 1006am est
[10:06:25] <@wrbtrader> Exited all Emini ES futures @ 1760.50 -> + 4.25
[10:06:51] <@wrbtrader> WRB pt2 reached and may turn continue higher because of the creeper up movement on declining volatility
[10:49:10] <@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.
[11:41:48] <@wrbtrader> Emini TF futures in a low volatility sideways price action now.
[14:48:30] <@wrbtrader> price action sucks via all the contracting volatility
[14:49:03] <@wrbtrader> will remain on the sidelines until around 3pm est when volatility tends to start showing up again
[14:52:02] <@wrbtrader> other Emini futures trying hard to bring in a little volatility
[14:57:03] <@wrbtrader> price action briefly retested @ 1767.50 but within contracting volatility
[15:03:22] <@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.
[15:04:48] <@wrbtrader> Lomg Emini ES futures @ 1768.00 -> large size 20 contracts
[15:09:07] <@wrbtrader> price action declining @ 1767.75
[15:10:08] <@wrbtrader> price snap back upwards on no volatility @ 1768.75
[15:12:31] <@wrbtrader> now just chopping around the 1768.00 price area
[15:17:19] <@wrbtrader> price action @ 1767.25
[15:29:48] <@wrbtrader> I'm stuck in a 1.5 point trading range now in the Emini ES futures
[15:41:35] <@wrbtrader> volatility slowly increasing...price action @ 1768.50
[15:41:54] <@wrbtrader> maybe in time for the 4pm est rush hour traffic
[15:46:30] <@wrbtrader> price action @ 1769.25
[15:58:57] <@wrbtrader> WRB pt1 reached
[16:00:15] <@wrbtrader> Exited all Emini ES futures @ 1769.00 -> + 1.00
[16:00:55] <@wrbtrader> price action now dropping hard @ 1768.00
[16:01:24] <@wrbtrader> I tried to switch over to Emini TF futures as a Short out of the Long position in Emini ES
[16:01:44] <@wrbtrader> was too slow...Emini TF futures declining on the volatility surge
[16:01:50] <@wrbtrader> :(
[16:01:54] <@wrbtrader> missed opportunity
[16:02:19] <@wrbtrader> Take care all and see all tomorrow
Private Mobile Session Close: Thu Feb 06 20:12:50 2014
*******
[10:06:59] <TigermanTrader> lg iwm 109.6
[10:12:55] <TigermanTrader> exit iwm 109.45 -15 tk
[10:13:04] <TigermanTrader> testing something new
[10:16:01] <@wrbtrader> Eurex BUND futures not doing well today...today just a strong continuation Down price action for it.
[10:16:29] <@wrbtrader> Lots of Down WRB Hidden GAPs and a few WRB Zones
[10:17:27] <TigermanTrader> yeah I find difficut trade german bund
[10:18:00] <TigermanTrader> few wrb hg
[10:18:33] <TigermanTrader> price too efficent like eurex stoxx50
[10:18:48] <TigermanTrader> for intraday action
[10:28:12] <t4npaper> slow action so far
[10:29:00] <TigermanTrader> yep let see gas news
[10:29:21] <TigermanTrader> cl climbing most recent wrb hg
[10:29:52] <t4npaper> thanks almost missed that
[10:30:40] <TigermanTrader> yeah many events and things to look
[10:30:52] <TigermanTrader> we can lost in this
[10:31:13] <TigermanTrader> t4n how is with your IB testing?
[10:31:27] <TigermanTrader> today my Tos chart frozen :(
[10:31:28] <t4npaper> it went well this week
[10:31:38] <t4npaper> restart it
[10:31:41] <t4npaper> mine did the same
[10:32:15] <TigermanTrader> umh I restart it and no data after 9:40 am
[10:32:36] <TigermanTrader> but bid/ask move it
[10:32:58] <t4npaper> mine only froze, but its back
[10:33:05] <TigermanTrader> now is off and use my others data feed x charts
[10:33:23] <TigermanTrader> now I try to re-open tos
[10:33:47] <TigermanTrader> the issue adding sys resource over my others feed
[10:33:55] <TigermanTrader> simply need a new pc :)
[10:34:06] <t4npaper> sounds like it
[10:34:35] <TigermanTrader> yep I m searching big monitor driving
[10:35:06] <TigermanTrader> many choise when have a lot of money :)
[10:36:15] <@wrbtrader> Tigerman...lots of data feeds having problems this morning.
[10:36:20] <TigermanTrader> now i m tight on budget unless I get some good gain with trading
[10:36:39] <@wrbtrader> I just saw some of the eSignal guys complaining their data is down and/or they can't even log in
[10:36:56] <@wrbtrader> saw at two forums and on twitter
[10:37:04] <TigermanTrader> ah thanks wrbtrader seems a plot :)
[10:37:50] <@wrbtrader> Maybe those feeds are tied into one paricular data provider for ToS and eSignal to be having data problems at the exact same time...suspicious
[10:38:08] <TigermanTrader> curious to know if bloomberger or cqg always work when others have problem
[10:38:23] <@wrbtrader> They don't always work.
[10:38:24] <Titus9631> my cqg is working
[10:38:39] <Titus9631> never had a problem with cqg in 2 years...not once
[10:38:58] <TigermanTrader> wrbtrader you have some istitutional frends what they have as data feed?
[10:38:58] <@wrbtrader> They have less problems what's called better "up time"
[10:39:55] <TigermanTrader> thanks titus cqg is on wish list but need more good results in my trading to efford it
[10:40:24] <Titus9631> i use global futures they give you cqg free then
[10:40:31] <@wrbtrader> Bloom, cqg or data directly through whatever broker they're using
[10:40:43] <Titus9631> love it...
[10:41:03] <TigermanTrader> ah ok good to know titus
[10:41:16] <@wrbtrader> barchart is also gainin popularity
[10:41:55] <TigermanTrader> cqg only for e-minies or also for TF and brent x example titus?
[10:42:04] <@wrbtrader> Usually the ones with access to more professional like trading instruments...they usually are better at havign LESS problems
[10:43:56] <@wrbtrader> Thomson Reuters is up there too mainly with European folks
[10:44:01] <TigermanTrader> ok now after a new restart Tos works :)
[10:52:33] <@wrbtrader> Emini ES futures only has a few Up WRB Hidden GAPs but they are far below the current creeper up movement
[11:11:59] <robbin_banks> gm everyone..sorry im late ..ice storm in south texas..4hr commute to work..
[11:21:11] <NDW> I am in East TX and have missed the ice on every storm this year. Ice in the Valley is rare
[11:26:47] <robbin_banks> oh wow..NDW..howdy neighbor...yeah this is 3 in a row...its a joke to where some of these guys live..but to us its a bad deal
[11:28:29] <NDW> The panhandle is used to it, but the rest of TX is shut down with the slightest bad weather.
[11:29:08] <robbin_banks> lol..yes sir!! that is sooo true
[11:31:48] <robbin_banks> price moving back up into an es 1min hg..
[11:41:48] <@wrbtrader> Emini TF futures in a low volatility sideways price action now.
[11:59:59] <robbin_banks> long es @1764.00 1 contract
[12:00:19] <robbin_banks> very tight stop
[12:02:13] <robbin_banks> cover es long @1765.00 +1.0
[12:29:20] <robbin_banks> long es 1 contract @1765.00
[12:37:17] <robbin_banks> cover es long 1764.75 -.25
[12:54:04] <t4npaper> cl breaking lower
[12:55:29] <TigermanTrader> take care all see next time
[13:43:19] <robbin_banks> sh es 1 contract @1763.50
[14:01:36] <robbin_banks> covered all es sh at BE
[14:36:36] <robbin_banks> gona call it a day.
[15:22:18] <t4npaper> ugly price action today
[15:22:34] <t4npaper> poor trading on m part also
[15:23:20] <t4npaper> volatility showed up only seldom
[15:23:38] <t4npaper> now just cruising sideways again
[15:24:48] <@wrbtrader> Emini ES futures dropped down into a tight 1.5 point range
[15:41:55] * t4npaper is now known as t4n
[16:01:17] <t4n> Now i wait for the HSI to open :)
[16:02:19] <@wrbtrader> Take care all and see all tomorrow
Session Close: Thu Feb 06 20:12:50 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
intradaystrategies@yahoo.com
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


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