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 Post subject: February 19th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Feb 20, 2014 10:27 pm 
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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)
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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:
021914-Key-Price-Action-Markets.png
021914-Key-Price-Action-Markets.png [ 898.59 KiB | Viewed 314 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: Wed Feb 19 08:05:03 2014
Session Ident: ##TheStrategyLab
[08:05:03] * Now talking in ##TheStrategyLab
[08:05:03] * 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'
[08:05:03] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:05:03] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:42] <TigermanTrader> gm all
[09:36:30] <TigermanTrader> sh cl 102.21
[09:37:12] <TigermanTrader> exit cl at 102.18 +3tk
[09:37:38] <TigermanTrader> wow before I forget to switch on april contract cl
[09:37:53] <TigermanTrader> no order fill in march
[09:39:39] <TigermanTrader> lg iwm 115.18
[09:40:07] <TigermanTrader> exit all iwm 115.27 +9 tk
[09:46:24] <TigermanTrader> lg es 837
[09:46:29] <wrbtrader> Mens Ice Hockey Quarterfinals: Finland 3 and Russia 1
[09:47:28] <@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.
[09:47:42] <TigermanTrader> exit es 836 -1pt
[09:48:06] <TigermanTrader> ym up on his own
[09:48:10] <TigermanTrader> not a news
[09:48:34] <@wrbtrader> Long Emini TF @ 1157.80 -> medium size
[09:48:54] <@wrbtrader> Emini YM futures doing its own superman thingy
[09:49:14] <craigaudio> and thta was weakest yestreday
[09:49:16] <@wrbtrader> Eminis not insycn now
[09:49:31] <TigermanTrader> lg es 37.25
[09:49:57] <MattyR> Long TF 1157.5
[09:50:02] <MattyR> 1 lot
[09:50:13] <@wrbtrader> The theme for the past few months has been that whenever the Eminis are NOT insync with each other via one going one direction and the other going the opposite...
[09:50:30] <@wrbtrader> The crappy chop soon shows up.
[09:51:12] <MattyR> flat TF BE
[09:51:35] <@wrbtrader> NQ heading downwards...geessh
[09:51:43] <@wrbtrader> strange price action in the Eminis so far
[09:52:17] <@wrbtrader> Exited 1/2 Emini TF Long @ 1158.00 --> + 0.2
[09:52:32] <@wrbtrader> Exited Remainder Emini TF Long @ 1158.00 --> + 0.2
[09:52:32] <TigermanTrader> exit es 37.5 +1tk
[09:52:54] <@wrbtrader> sideline...will just watch for awhile until all of this strange price action clears out.
[09:53:12] <TigermanTrader> yeah I agreed
[09:53:13] <@wrbtrader> Hopefully volatility will show up to lift the fog in the Emini futures
[09:53:29] <TigermanTrader> nq falling
[09:54:23] <TigermanTrader> fomc today
[09:55:10] <craigaudio> equities all out of sync
[10:01:07] <@wrbtrader> Long Emini TF @ 1159.20 -> medium size
[10:01:14] <@wrbtrader> 4 contracts
[10:01:15] <TigermanTrader> lg 115.28
[10:01:44] <TigermanTrader> exit iwm 115.33 +5tk
[10:02:11] <TigermanTrader> wanna chase a bit, in reality I put my order lower
[10:02:27] <TigermanTrader> in iwm tf seems enought vola to get the entry
[10:02:51] <TigermanTrader> in ES spy maybe never get a fill
[10:02:58] <@wrbtrader> Exited all Emini TF Long @ 1158.30 --> - 0.9
[10:05:44] <@wrbtrader> Long Emini TF @ 1157.40 -> medium size
[10:05:53] <@wrbtrader> 4 contracts
[10:05:57] <@wrbtrader> re-entry
[10:06:11] <@wrbtrader> chop still active :(
[10:07:03] <TigermanTrader> lg 115.17
[10:07:16] <TigermanTrader> exit 1/2 115.19+2tk
[10:07:19] <@wrbtrader> Only Emini YM and ES futures showing the least chop
[10:07:26] <TigermanTrader> exit all 115.17
[10:07:32] <@wrbtrader> they've been steady or less chaotic
[10:07:53] <@wrbtrader> In contrast, Emini TF and Emini NQ futures all over the place
[10:08:09] <craigaudio> something funky about this week
[10:08:19] <craigaudio> you think could be pivotal?
[10:08:55] <@wrbtrader> Whatever it is...its spooked me. I'm not willing to go any large size positions
[10:09:43] <craigaudio> yesterday the ym and es flat
[10:09:52] <craigaudio> and tf nq weree runners
[10:09:57] <craigaudio> now today reversed
[10:11:34] <@wrbtrader> Exited 1/2 Emini TF Long @ 1159.50 --> + 2.1
[10:11:40] <@wrbtrader> WRB pt1 reached
[10:14:55] <t4n> ADD working to fill its gap still
[10:16:26] <@wrbtrader> Exited Emini TF Long @ 1160.50 --> + 3.1
[10:16:28] <@wrbtrader> Holding 1 contract remainder
[10:16:34] <TigermanTrader> lg es 41.25
[10:16:54] <TigermanTrader> exit es 42.25+ 4tk
[10:21:11] <@wrbtrader> volatility now showing up and the fog in the Eminis has been lifted
[10:21:19] <@wrbtrader> fog = chop
[10:22:06] <t4n> fog of war
[10:23:18] <@wrbtrader> Exited Remainder Emini TF Long @ 1161.70 --> + 4.3
[10:23:29] <@wrbtrader> WRB pt2 reached
[10:24:35] <@wrbtrader> I'm now sidelined...I'll just watch
[10:25:07] <Titus9631> what's hockey score?
[10:25:51] <craigaudio> wrbtrader what you think fed news has in store for us?
[10:26:01] <craigaudio> after this action so far already
[10:30:51] <@wrbtrader> I think volatility will show up...the FED minutes has been hyped on Monday and Tuesday and again early this morning as something the markets is "watching" (waiting for).
[10:30:59] <@wrbtrader> Hopefully volatility shows up...a lot of it.
[12:03:39] <TigermanTrader> take care all
[12:18:24] <craigaudio> well well well
[12:18:30] <craigaudio> martket loves to play games
[12:26:26] <t4n> looksl ike vol is picking up
[12:41:26] <@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.
[12:53:47] <@wrbtrader> There's a critical update posted at the designated forums involving the FVB Basic trade signal strategy...please read and update your personal files.
[12:54:01] <craigaudio> thanks wrbtrader
[12:54:20] <craigaudio> what areyou expecting from this news today?
[12:54:38] <craigaudio> the way the price action been looks like fakeout to upside occured
[12:54:43] <craigaudio> and might drive lower
[13:19:02] <@wrbtrader> [12:54:20] <craigaudio> what areyou expecting from this news today?
[13:19:19] <craigaudio> from intuition standpoint
[13:19:43] <@wrbtrader> Like I said before...I'm expecting lots of volatility because the key market event has been hyped for a few days now by key market participants
[13:20:01] <craigaudio> before you have mentioned a move in gold before a move giving a heads up on what might happen after the news
[13:20:04] <@wrbtrader> volitility = trade opportunities
[13:20:06] <craigaudio> if thta makes sesne
[13:20:31] <@wrbtrader> Yeah, movement in Gold is a good indicator if volatility will show up.
[13:21:04] <@wrbtrader> So far, Gold looks calm and in a low volatility trading range :(
[13:33:08] <@wrbtrader> Volatility slowly increasing in Oil CL futures and Gold GC futures
[13:54:03] <@wrbtrader> Gold GC volatility now very low...
[13:54:14] <@wrbtrader> I'm now expecting a volatility spike here soon
[13:59:16] <@wrbtrader> i expected a lot of volatility by now...not happening
[13:59:31] <craigaudio> why exoecting so much volatility?
[14:00:14] <@wrbtrader> Like I said before...the key market event has been hyped (heavily discussed and stated it will be important) that past several trading days.
[14:00:38] <TigermanTrader> hi all
[14:00:46] <craigaudio> ok
[14:00:56] <TigermanTrader> I m here now only for that event
[14:01:22] <TigermanTrader> usually when I m not show up there s a lot of movement
[14:01:40] <@wrbtrader> Big spike in Gold futures
[14:01:52] <TigermanTrader> in contrast when I decide to show up vola stay low
[14:02:00] <TigermanTrader> hope today price move
[14:09:04] <TigermanTrader> now up spike in e-minies
[14:10:50] <@wrbtrader> Eminis back inside the range of that big Down WRB Hidden GAP on the 3min chart of 1157am - 12noon est
[14:16:14] <@wrbtrader> volatility increasing
[14:18:12] <@wrbtrader> Eminis can't get away from the low volatility trading range that occurred between 1330pm - 1400pm est
[14:18:50] <@wrbtrader> looks like a dead FED minutes price reaction
[14:31:49] <TigermanTrader> sh iwm 114.95
[14:33:24] <TigermanTrader> exit iwm 114.9 +5tk
[14:33:28] <TigermanTrader> wow retrace fast
[14:33:55] <@wrbtrader> Long Emini TF @ 1155.70 -> small size
[14:34:05] <@wrbtrader> 2 contracts
[14:36:29] <TigermanTrader> lg iwm 114.97
[14:38:19] <TigermanTrader> exit iwm 114.95 -2tk
[14:38:29] <TigermanTrader> nothing happen on my side
[14:39:36] <@wrbtrader> chop
[14:39:50] <@wrbtrader> volatility declining fast
[14:39:59] <@wrbtrader> I'm now expecting a volatility spike here soon
[14:40:06] <@wrbtrader> tightening stop/loss protection
[14:41:21] <@wrbtrader> Exited all Emini TF Long @ 1155.80 --> + 0.1
[14:41:30] <@wrbtrader> nothing
[14:42:32] <@wrbtrader> don't have the patience for this type of decreasing volatility
[14:42:57] <TigermanTrader> me too :)
[14:54:06] <@wrbtrader> Shorts Emini TF @ 1154.20 -> small size
[14:54:22] <@wrbtrader> 2 contracts
[14:56:13] <TigermanTrader> take care all see next time
[14:57:54] <@wrbtrader> WRB pt1 reached...trade error on the entry
[15:01:06] <@wrbtrader> Covered all Emini TF Short @ 1153.20 --> + 1
[15:12:27] <@wrbtrader> volatility increasing
[15:12:54] <@wrbtrader> in the Emini futures
[15:17:00] <@wrbtrader> Shorts Emini TF @ 1150.20 -> small size
[15:17:07] <@wrbtrader> 1 contract
[15:17:11] <@wrbtrader> late entry
[15:17:28] <@wrbtrader> had a problem getting my order in @ 1150.60
[15:18:35] <@wrbtrader> Covered Emini TF Short @ 1150.10 --> + 0.1
[16:01:05] <@wrbtrader> Take care all and see all tomorrow
Session Close: Wed Feb 19 18:46:08 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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