Login    Forum    Search    FAQ



Post new topic Reply to topic Bookmark and Share  [ 1 post ] 
Author Message
 Post subject: February 25th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Feb 26, 2014 11:30 pm 
Offline
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:
022514-Key-Price-Action-Markets.png
022514-Key-Price-Action-Markets.png [ 959.53 KiB | Viewed 258 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: Tue Feb 25 09:25:43 2014
Session Ident: ##TheStrategyLab
[09:25:43] * Now talking in ##TheStrategyLab
[09:25:43] * 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'
[09:25:43] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:25:44] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:33:44] <TigermanTrader> gm all
[09:33:56] <Donnin________> ;
[09:36:11] <TigermanTrader> vola increase
[09:39:12] <@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.
[09:40:09] <@wrbtrader> If there are any Bitcoin traders/investors in here...you can apply WRB Analysis to them too.
[09:40:37] <@wrbtrader> A good charting source of Bitcoin @ http://bitcoinwisdom.com/ and I'm sure there are others out there in real-time too.
[09:44:45] <@wrbtrader> Shorts Emini ES @ 1842.25 -> large size
[09:45:07] <@wrbtrader> 25 contracts
[09:47:10] <TigermanTrader> sh es 42
[09:48:58] <@wrbtrader> Key Market Events @ 1000am and 1010am est
[09:49:21] <@wrbtrader> Covered Emini ES Short @ 1841.75 --> + 0.5
[09:49:31] <@wrbtrader> holding 10 contracts
[09:49:51] <TigermanTrader> exit es 41.5 + 2 tk
[09:52:23] <@wrbtrader> Covered Remainder Emini ES Short @ 1041.00 --> + 801.25
[09:52:30] <@wrbtrader> correction
[09:52:47] <@wrbtrader> Covered Remainder Emini ES Short @ 1841.00 --> + 1.25
[10:03:15] <@wrbtrader> Shorts Emini TF @ 1169.40 -> large size
[10:03:22] <@wrbtrader> 4+2 contracts
[10:03:43] <@wrbtrader> will be a tough trade because the Eminis was trying to stabilize
[10:05:33] <TigermanTrader> sh iwm 116.29
[10:05:51] <TigermanTrader> exit 2/3 at 116.25
[10:06:06] <TigermanTrader> exit remainder at 116.20
[10:06:35] <@wrbtrader> Covered all Emini TF Short @ 1168.90 --> + 0.5
[10:07:14] <@wrbtrader> Shorts Emini TF @ 1169.30 -> medium size
[10:07:20] <@wrbtrader> 4 contracts
[10:07:28] <@wrbtrader> re-entry after the prior shake out
[10:07:42] <@wrbtrader> Eminis still trying to stabilize
[10:08:33] <@wrbtrader> Covered all Emini TF Short @ 1170.40 --> - 1.1
[10:12:23] <TigermanTrader> lg es 41.5
[10:12:48] <TigermanTrader> exit es 42.25 +3 tk
[10:16:47] <@wrbtrader> Long Emini ES @ 1841.25 -> large size
[10:17:01] <@wrbtrader> 10 contracts
[10:18:24] <TigermanTrader> lg 41.5
[10:19:06] <@wrbtrader> WRB pt1 (shallow) reached
[10:20:17] <@wrbtrader> Exited all Emini ES Long @ 1843.50 --> + 2.25
[10:21:23] <TigermanTrader> exit all at 43.5 +8tk
[10:22:01] <TigermanTrader> was scared here and use small size
[10:48:21] <t4n> vol has declined
[10:48:47] <@wrbtrader> Yes and still declining :(
[10:57:16] <t4n> CL has some vol
[11:13:36] <@wrbtrader> Long Emini TF @ 1172=6.10 -> medium size
[11:13:44] <@wrbtrader> correction
[11:13:57] <@wrbtrader> Long Emini TF @ 1176.10 -> medium size
[11:14:08] <@wrbtrader> 3+1 contracts
[11:14:44] <@wrbtrader> Long Emini TF @ 1176.00 -> Add
[11:15:01] <@wrbtrader> 2 added
[11:15:35] <@wrbtrader> Exited 1/3 Emini TF Long @ 1176.40 --> + 0.4
[11:18:04] <@wrbtrader> Exited 1/3 Emini TF Long @ 1177.40 --> + 1.3
[11:19:09] <@wrbtrader> Exited Remainder Emini TF Long @ 1177.20 --> + 1.1
[11:20:18] <@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.
[11:25:58] <@wrbtrader> Nice looking up movement even though volatility was declining after the initial volatility spike
[11:26:03] <@wrbtrader> in the Emini futures
[11:51:25] <TigermanTrader> take care all see next time
[11:51:44] <@wrbtrader> Bye
[12:05:12] <@wrbtrader> Reminder - If there are any Bitcoin traders/investors in here...you can apply WRB Analysis to them too.
[12:05:26] <craigaudio> haha
[12:05:28] <@wrbtrader> A good charting source of Bitcoin @ http://bitcoinwisdom.com/ and I'm sure there are others out there in real-time too.
[12:05:35] <craigaudio> what do you make of bitcoins wrbtrader?
[12:06:02] <craigaudio> just imagine being invested at the start they are all millionaires
[12:06:15] <craigaudio> but then again 50% swings in a day
[12:06:20] <@wrbtrader> I know very little about it but there are some WRB Analysis users sending me emails asking if WRB Analysis can be applied to Bitcoin
[12:06:25] <craigaudio> not something youd put the kids inheritance in
[12:06:48] <@wrbtrader> Answer - If you can chart it and see WRBs and WRB Hidden GAPs...you can apply WRB Analysis
[12:06:58] <craigaudio> ok coolbeans
[12:07:11] <craigaudio> then all you have to do is the right thing and stick to the trading plan
[12:07:29] <craigaudio> i came upstuck yesterday taking shorts that werent even WRBs
[12:07:43] <craigaudio> really poor trading and self sobatging behaviour
[12:07:50] <craigaudio> any advice?
[12:08:02] <@wrbtrader> Were they valid trade signals for you ?
[12:08:15] <craigaudio> no
[12:08:18] <craigaudio> reactionary
[12:09:23] <@wrbtrader> One of the best way to slow down "reactionary emotional trading" is to stop after each trade...take detail notes prior to looking at your monitor to look for more trades.
[12:09:44] <craigaudio> thats the error i have
[12:09:49] <craigaudio> i want my money back asap
[12:09:50] <@wrbtrader> Some say its best to even briefly turning off the monitor after a "reactionary emotional trading"
[12:10:00] <craigaudio> then i fall into the red mist
[12:10:19] <craigaudio> i consciously realise thta its not a high probability setup
[12:10:24] <craigaudio> but i continue
[12:10:56] <@wrbtrader> If you don't, the risk dramatically increases that the "reactionary emootional trades" change into "addictive trading" (the need to always be trading or always looking for a trade).
[12:11:08] <craigaudio> yes
[12:11:13] <craigaudio> fear of missing an opporuntity
[12:11:15] <craigaudio> i suffer from that
[12:11:41] <@wrbtrader> I frequently (almost every trading day) go long period between trades.
[12:12:08] <craigaudio> i notice you trade alot during first 90 mins then disappear
[12:12:25] <@wrbtrader> It helps give me a mental rest, new perspective and helps prevent "reactionary trading"
[12:12:42] <@wrbtrader> Trading to me is like a sport.
[12:12:54] <craigaudio> ye
[12:12:59] <craigaudio> perofmrance related
[12:13:04] <@wrbtrader> I play hard and then I need to rest to catch my second wind
[12:13:05] <craigaudio> i find it hard to pull myself away from the screens
[12:13:12] <craigaudio> any advice?
[12:13:22] <craigaudio> in the past ive sat 12hrs straight
[12:13:27] <craigaudio> without realising it
[12:13:30] <craigaudio> so bad
[12:13:35] <@wrbtrader> don't know...just keep practicing and looking for "excuses" not to trade
[12:14:00] <@wrbtrader> Took me many years to get into a good habit of NOT watching the screens all the time
[12:14:29] <@wrbtrader> You can try setting up AUDIO price alerts.
[12:15:03] <@wrbtrader> Thus, set your alerts on very loud and walk away from your computer to do other activities.
[12:15:24] <@wrbtrader> If your aleart sounds off...return to your computer to see if any trade signals will show up.
[12:15:41] <@wrbtrader> You can set them on volume too
[12:15:47] <craigaudio> yea
[12:15:53] <craigaudio> i have done that in the past
[12:16:08] <craigaudio> id like to start avoiding the lunch hours
[12:16:11] <craigaudio> but i get locked on
[12:16:19] <@wrbtrader> I do that ALL the time but mainly because I usually take a one hour nap during the trading day
[12:16:49] <@wrbtrader> I set the audio alerts so that I can sleep for an hour without thining about the price action
[12:17:13] <@wrbtrader> thining = thinking
[12:17:28] <craigaudio> ok
[12:17:29] <craigaudio> yeah
[12:17:40] <craigaudio> i recently purchased somethign called a Mindpsa
[12:17:45] <craigaudio> its only bloody amazing
[12:17:51] <craigaudio> Mindspa
[12:18:04] <craigaudio> great for meditation and rest
[12:18:08] <craigaudio> literally knocks me out
[12:18:15] <craigaudio> flashing lights in glasses
[12:18:18] <craigaudio> so bizzarre
[12:19:02] <@wrbtrader> Calming / relaxing music may help too
[12:19:23] <@wrbtrader> I use it sometimes but only when I feel stressed
[12:19:47] <craigaudio> the Mindspa is the best gadget ive ever boughtg
[12:19:53] <craigaudio> woke up at 4am the other day
[12:20:00] <craigaudio> vacated to the sofa with the glasses on
[12:20:16] <craigaudio> asleep within 5mins after struggling to get back to bed for 90mins
[12:43:32] <mtntrader> wrbtrader, of all the 6 trade signals your system utilizes, which one do you predominately use?
[12:44:06] <@wrbtrader> VTR
[12:44:50] <mtntrader> Good to know. Thanks.
[12:44:53] <@wrbtrader> Meant...all the stuff I use in in the VTR
[12:45:24] <@wrbtrader> I do a lot of "trade re-entries"...not in the VTR
[12:45:40] <@wrbtrader> but the VTR stuff helps setup those trade re-entries
[12:46:09] <mtntrader> Yes, I have seen you announce re-entries pretty often.
[12:46:44] <@wrbtrader> re-entries are basically a trade I take in the same direction of the most recent valid trade I had that may have resulted in a loss or small profit
[12:47:19] <@wrbtrader> Essentially I exited the trade at a loss before the stop was hit or I exited the trade at a small profit before the WRB goal was reached...
[12:47:33] <@wrbtrader> I'll then look for a re-entry trade
[12:48:20] <mtntrader> Ok, all the time utilizing the signal that got you into the trade in the first place?
[12:48:46] <@wrbtrader> Yes, utilizing the price action that was involved with that original trade signal
[12:53:23] <@wrbtrader> Long Emini TF @ 1173.90 -> medium size
[12:53:28] <@wrbtrader> 4 contracts
[13:04:55] <t4n> YM testing prior WRBHG
[13:08:49] <t4n> moved a lot further than i thought it would
[13:08:52] <@wrbtrader> Exited 1/2 Emini TF Long @ 1175.20 --> + 1.3
[13:08:54] <@wrbtrader> WRB pt1 reached
[13:09:20] <@wrbtrader> Exited Remainder Emini TF Long @ 1175.20 --> + 1.3
[13:14:12] <@wrbtrader> Emini TF just retraced that volatility spike price action :(
[13:14:29] <@wrbtrader> I'm sideline, will just watch
[13:18:37] <t4n> CL making moves, but i'm not seeing much in there
[15:03:55] <@wrbtrader> Forex EurUsd and EuroFX 6E futures doing very little since 1105am est...just stuck inside the range of the 5min Up WRB Hidden GAP of 1100am - 1105am est
[15:15:48] <t4n> vol expanding
[15:27:33] <t4n> it showed for a second
[15:37:46] <@wrbtrader> Emini Futures trying to build a base to keep from making new intraday lows
[15:39:27] <@wrbtrader> Treasuries Gain as Confidence Falls More Than Forecast (Bloomberg) @ http://www.bloomberg.com/news/2014-02-2 ... rmany.html
[15:39:50] <@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
[15:45:31] <@wrbtrader> Take care all and see all tomorrow
[15:45:37] <Donnin________> wrb would watching a footprint chart do much for you?
[15:45:54] <@wrbtrader> I never heard of a footprint chart.
[15:46:16] <Donnin________> orderflow
[15:46:20] <@wrbtrader> Please post an example at the forum so I can take a look at it later or send an example to me via email. Thanks
[15:46:31] * wrbtrader is now known as wrbtrader_away
[15:46:33] <Donnin________> ok take care
Session Close: Wed Feb 26 00:00:00 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


Top 
 Profile E-mail  
 
Display posts from previous:  Sort by  
 
Post new topic Reply to topic Bookmark and Share  [ 1 post ] 


Who is online

Users browsing this forum: No registered users and 1 guest

 
 

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr