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 Post subject: February 14th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Sun Feb 16, 2014 7:18 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)
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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.

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:
021414-Key-Price-Action-Markets.png
021414-Key-Price-Action-Markets.png [ 968.54 KiB | Viewed 290 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: Fri Feb 14 09:27:59 2014
Session Ident: ##TheStrategyLab
[09:27:59] * Now talking in ##TheStrategyLab
[09:27:59] * 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'
[09:27:59] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:28:00] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:35:36] <TigermanTrader> sh es 22.5
[09:35:40] <TigermanTrader> intuitionù
[09:37:11] <@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.
[09:37:22] <TigermanTrader> exit es 25.5 -3pt
[09:37:42] <@wrbtrader> Key Market Events @ 0955am est
[09:38:44] <@wrbtrader> Long Emini TF @ 1143.90 -> small size
[09:38:51] <@wrbtrader> 3 contracts
[09:40:17] <@wrbtrader> Exited all Emini TF Long @ 1143.10 --> - 0.8
[09:41:10] <@wrbtrader> Shorts Emini TF @ 1141.30 -> medium size
[09:41:16] <@wrbtrader> 4 contracts
[09:41:30] <TigermanTrader> sh es 26
[09:41:52] <@wrbtrader> big retracement of the shallow up movement
[09:41:59] <TigermanTrader> exit es all 25 +1 pt
[09:42:33] <craigaudio> got stopped short
[09:42:36] <craigaudio> then stopp long
[09:42:41] <craigaudio> really shafted
[09:42:53] <TigermanTrader> I was wrong on size in my short
[09:43:02] <TigermanTrader> bigger position vs previous
[09:43:11] <TigermanTrader> but not enought :)
[09:43:35] <@wrbtrader> Covered 3/4 Emini TF Short @ 1137.30 --> + 4
[09:43:50] <@wrbtrader> WRB pt2 reached
[09:44:17] <@wrbtrader> volatility still increasing
[09:48:17] <@wrbtrader> Covered Remainder Emini TF Short @ 1140.70 --> + 0.6
[09:51:29] <@wrbtrader> Strange sudden price spikes now...
[09:52:40] <@wrbtrader> Key markets not insync right now
[09:57:12] <@wrbtrader> Eminis still lost with each other :(
[09:59:53] <@wrbtrader> Emini NQ futures still lagging a lot
[10:00:39] <@wrbtrader> increasing volatility with lots of chop
[10:02:00] <TigermanTrader> sh es 25.5
[10:03:15] <@wrbtrader> Shorts Emini TF @ 1140.50 -> small size
[10:03:26] <@wrbtrader> 2+1 contracts
[10:04:45] <TigermanTrader> exit es 25 + 2tk
[10:05:43] <@wrbtrader> Emini NQ futures knows something...it holds the key right now
[10:05:55] <@wrbtrader> WRB pt1 reached
[10:06:34] <TigermanTrader> exit es 24.5 +4tk
[10:06:55] <@wrbtrader> Covered all Emini TF Short @ 1140.20 --> + 0.3
[10:07:14] <TigermanTrader> choppy action expecially on nq
[10:08:16] <@wrbtrader> volatility dropping fast
[10:08:23] <@wrbtrader> I'm now expecting a volatility spike
[10:09:14] <TigermanTrader> looking at charts now something tell me to stay aside
[10:09:49] <TigermanTrader> most of my loosing trades occurs in then orrible action like past 30min
[10:10:14] <@wrbtrader> volatility still declining
[10:10:40] <@wrbtrader> 15min charts tells it all
[10:10:59] <TigermanTrader> oil seems starts to move up
[10:11:13] <TigermanTrader> yeah 15min show us the glue
[10:11:31] <@wrbtrader> Long Emini ES @ 1826.75 -> large size
[10:11:41] <@wrbtrader> 20+5 contracts
[10:11:54] <@wrbtrader> volatility increasing now
[10:12:26] <@wrbtrader> will be tough for it to hold because of that recent "strange chop"
[10:13:00] <@wrbtrader> WRB Hidden GAP pt1 reached
[10:13:27] <@wrbtrader> intuition trade
[10:15:41] <@wrbtrader> volatility declining again
[10:15:49] <@wrbtrader> I'm now expecting a volatility spike again
[10:16:17] <@wrbtrader> trailing @ profit just in case the volatility spike slams prices back down
[10:18:20] <@wrbtrader> Exited Emini ES Long @ 1828.50 --> + 1.75
[10:18:22] <@wrbtrader> Holding 10 contracts remainders
[10:18:40] <@wrbtrader> more contraction :(
[10:27:38] <TigermanTrader> lg es 29.5
[10:27:43] <TigermanTrader> intuition
[10:27:53] <@wrbtrader> Consumer sentiment unchanged in February (MarketWatch) @ http://www.marketwatch.com/story/consum ... atest_news
[10:27:54] <TigermanTrader> exit es 30.25
[10:28:07] <TigermanTrader> +3 tk in ES
[10:30:50] <@wrbtrader> Exited Emini ES Long @ 1830.75 --> + 4
[10:30:52] <@wrbtrader> Holding 1 contract remainder
[10:35:30] <craigaudio> what do u think is potential target wrbtrader
[10:35:36] <craigaudio> on ES long
[10:37:55] <craigaudio> we area trading within that big gap now
[10:37:59] <@wrbtrader> Emini ES has already bypass my profit target of a WRB pt1
[10:38:17] <@wrbtrader> that WRB pt1 was a +1.25
[10:38:46] <@wrbtrader> @ 1828.00
[10:41:18] <@wrbtrader> Exited Remainder Emini ES Long @ 1830.75 --> + 4
[10:44:54] <@wrbtrader> wow
[10:45:00] <@wrbtrader> impressive retracement
[10:45:23] <@wrbtrader> Take a look at the 15min chart of Emini ES going back to January 22nd
[10:45:40] <craigaudio> day or conti?
[10:46:00] <@wrbtrader> January 23red produced that big gap down and then after that...Emini futures declined
[10:46:15] <@wrbtrader> regular session because I'm talking about the GAP
[10:47:07] <@wrbtrader> Impressive price return back to the key price area that started the big price decline via the GAP Down
[10:48:32] <@wrbtrader> Any swing trader that Shorted back then on January 22nd or 23rd...
[10:48:40] <@wrbtrader> and still holding that position.
[10:48:47] <craigaudio> ha
[10:48:49] <@wrbtrader> They must be pssst today
[10:49:00] <craigaudio> so where from here? what is the bias?
[10:49:11] <craigaudio> thats where i always come unstuck
[10:49:47] <@wrbtrader> You shouldn't get stuck because bias has no input for a trader trade decisions.
[10:50:31] <@wrbtrader> Thus, if you're bearish...its because you have a bearish trade signal
[10:50:57] <@wrbtrader> In contrast, you can use your bias to manage your position size if your bias tends to be correct
[10:51:05] <craigaudio> for example i shorted within the 3min S&P candle WRB from 9:18
[10:51:40] <@wrbtrader> Trade Signals and Bias are not the same
[10:52:10] <craigaudio> was i wrong to short within that WRB?
[10:52:24] <@wrbtrader> You were wrong to think its a bias
[10:53:08] <craigaudio> ok
[10:53:18] <craigaudio> but was shorting within that WRB a trade error?
[10:53:22] <craigaudio> or was it just a stop
[10:53:43] <@wrbtrader> I don't know what your trade signal was...you should talk about your trade signal in the other room
[10:54:18] <craigaudio> ok sorry always ask Qs in the wrong room my bad
[10:54:19] <@wrbtrader> Thus, I don't know if your wrong or right in taking that Short
[10:55:34] <@wrbtrader> Just for the record...I had a Bearish bias in Emini TF futures out of the gate.
[10:55:56] <@wrbtrader> Yet, I had no Short signal. Then when I got a Long signal while still having a bearish bias...
[10:55:59] <@wrbtrader> I went Long
[10:56:06] <@wrbtrader> Thus, I don't trade my bias.
[10:56:16] <@wrbtrader> I only using bias to help with position size.
[10:56:35] <@wrbtrader> That's why I didn't go Large on that Long position...I had a bearish bias.
[10:57:00] <craigaudio> ok
[10:57:02] <craigaudio> interesting
[10:57:05] <@wrbtrader> I used the bearish bias to manage my risk exposure on the Long position via keeping the position "small size"
[10:57:23] <@wrbtrader> I think the last time I traded my bias may have been back in the late 1980's
[10:57:42] <craigaudio> ok
[10:57:47] <@wrbtrader> Simply, if you're going to trade via BIAS...
[10:57:59] <@wrbtrader> you really don't need any trade signals
[10:58:09] <craigaudio> well i was going short with a red WRB
[10:58:17] <craigaudio> on 3min timeframe
[10:58:45] <craigaudio> but then that was entering a 60 min WRB that was a green one from the previous day
[12:00:13] <robbin_banks> gm everyone
[12:22:38] <robbin_banks> long nq @53651.50 5 contracts
[12:26:56] <robbin_banks> cover nq long @3652.0 +50
[12:47:25] <robbin_banks> dang...theres the nq move i was wa
[12:47:42] <robbin_banks> was tryin \g to catch...missed it!
[12:53:54] <@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
[14:16:53] <TigermanTrader> take care all have a safe weekend see all next week
Session Close: Fri Feb 14 18:45:55 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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