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 Post subject: March 12th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Mar 14, 2014 10:56 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:
031214-Key-Price-Action-Markets.png
031214-Key-Price-Action-Markets.png [ 1.04 MiB | Viewed 304 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 Mar 12 09:16:34 2014
Session Ident: ##TheStrategyLab
[09:16:34] * Now talking in ##TheStrategyLab
[09:16:34] * 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'
[09:16:34] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:16:38] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:24] <TigermanTrader> gm all
[09:32:02] <Leopard70> gm
[09:38:43] <TigermanTrader> lg wm 117.66
[09:39:10] <TigermanTrader> exit iwm at 117.57 -9
[09:41:03] <TigermanTrader> sh wm 48
[09:41:26] <TigermanTrader> mean iwm 117.49
[09:41:47] <TigermanTrader> exit iwm 117.44 +4tk
[09:42:48] <TigermanTrader> my mistake not waited x a first valid target
[09:47:23] <TigermanTrader> sh iwm 117.05
[09:47:42] <TigermanTrader> exit iwm 116.98 +7tk
[09:48:05] <TigermanTrader> simply fast action very FAST to post in time
[09:50:19] <wrbtrader> Shorts Emini TF @ 1177.00 -> medium size
[09:51:05] <wrbtrader> Late start for me today...got stuck in traffic
[09:54:27] <TigermanTrader> sh wm 117.18
[09:54:39] <wrbtrader> Covered all Emini TF Short @ 1178.20 --> - 1.2
[09:55:17] <wrbtrader> Shorts Emini TF @ 1178.70 -> medium size
[09:55:26] <wrbtrader> 4 contracts
[09:55:29] <wrbtrader> re-entry
[09:55:36] <TigermanTrader> exit wm at 26
[09:55:44] <TigermanTrader> 117.26
[09:56:42] <wrbtrader> Covered all Emini TF Short @ 1179.00 --> - 0.3
[09:56:57] <wrbtrader> doesn't look like that R area can hold
[09:58:00] <wrbtrader> Its still trying
[09:58:48] <wrbtrader> Shorts Emini TF @ 1179.20 -> medium size
[09:58:59] <wrbtrader> 4 contracts
[09:59:02] <wrbtrader> re-entry
[09:59:40] <wrbtrader> Covered all Emini TF Short @ 1179.80 --> - 0.6
[10:02:49] <tradermo> short ym 16290
[10:09:22] <wrbtrader> Long Emini ES futures @ 1160.75 large size 10 contracts
[10:10:07] <tradermo> exit at 16315
[10:12:40] <wrbtrader> Exit all Emini ES futures @ 1861.50 +0.75
[10:14:27] <wrbtrader> Shorts Emini TF @ 1180.70 -> medium size
[10:14:40] <wrbtrader> 4 contracts
[10:17:06] <wrbtrader> Covered all Emini TF Short @ 1180.60 --> + 0.1
[10:18:51] <wrbtrader> Shorts Emini TF @ 1180.40 -> medium size
[10:19:12] <wrbtrader> 4 contracts
[10:19:16] <wrbtrader> re-entry
[10:20:04] <wrbtrader> Covered all Emini TF Short @ 1180.00 --> + 0.4
[10:20:29] <TigermanTrader> fast action stop me all the time
[10:20:33] <wrbtrader> Shorts Emini TF @ 1160.50 -> medium size
[10:20:42] <wrbtrader> correction
[10:20:54] <wrbtrader> Shorts Emini TF @ 1180.50 -> medium size
[10:22:11] <wrbtrader> Covered all Emini TF Short @ 1182.50 --> - 2
[10:25:10] <wrbtrader> Long Emini ES futures @ 1181.75 large size 20 contracts
[10:26:57] <wrbtrader> correction 1861.75
[10:27:21] <wrbtrader> I'm not using the auto script because its not working right now for me...
[10:27:28] <wrbtrader> Thus, I'm inputing the trades manually
[10:29:18] <wrbtrader> Exit all Emini ES futures @ 1861.50 -0.25
[10:31:56] <wrbtrader> Long Emini ES futures @ 1862.00 large size 20 contracts
[10:32:47] <wrbtrader> geeesh :(
[10:33:34] <wrbtrader> Exit all Emini ES futures @ 1863.00 +1.00
[10:53:19] <wrbtrader> Long Emini TF @ 1182.90 -> medium size
[10:53:35] <wrbtrader> 4 contracts
[10:58:53] <wrbtrader> Exited all Emini TF Long @ 1185.40 --> + 2.5
[11:10:39] <TigermanTrader> lg iwm 118.02
[11:11:44] <TigermanTrader> exit iwm 118.05 +3t
[11:18:24] <wrbtrader> Long Emini TF @ 1187.70 -> small size
[11:18:46] <wrbtrader> :(
[11:19:48] <wrbtrader> Exited all Emini TF Long @ 1187.80 --> + 0.1
[11:19:57] <wrbtrader> 3 contracts
[11:20:01] <wrbtrader> trade error
[11:20:08] <wrbtrader> got a Houdini Escape
[11:20:58] <wrbtrader> Long Emini ES @ 1866.00 -> large size
[11:21:09] <wrbtrader> 10 contracts
[11:22:20] <wrbtrader> Emini TF futures has been a headache for me most of the trading day.
[11:23:15] <wrbtrader> Exited all Emini ES Long @ 1866.25 --> + 0.25
[11:24:27] <wrbtrader> I wasn't here to know about the breaking news event of 0930am est...
[11:24:52] <wrbtrader> I heard about it about an hour ago when I turned on Bloomberg
[11:25:07] <wrbtrader> I'm very surprise nobody in hear said anything about it.
[11:25:54] <t4n> whats the news?
[11:25:54] <wrbtrader> Regardless, its a key price area and I understand the chop around that area better now when the price action hit those resistance areas before it broke to the upside.
[11:26:23] <wrbtrader> Turn on the TV :)
[11:26:31] <t4n> no tv :(
[11:26:43] <t4n> going online
[11:26:50] <wrbtrader> http://www.cnn.com/
[11:28:38] <t4n> harlem explosion?
[11:29:27] <TigermanTrader> I hear only that at time
[11:29:52] <wrbtrader> Yep around 0930am est and then around 0948am est someone gave a live interview from the mayor office saying it may have been a gas leak
[11:30:26] <t4n> so CL and HO are going to explode!?
[11:30:28] <t4n> lol
[11:30:31] <t4n> k back to work
[11:30:31] <wrbtrader> Do the math...market drops around 0930am est and then turns upwards around 0948am est
[11:30:41] <wrbtrader> in reference to the Emini futures
[11:31:06] <TigermanTrader> incredible if a news like that can give some problem to e-minies
[11:31:13] <wrbtrader> ???
[11:31:31] <wrbtrader> I guess you haven't seen much what news can do
[11:31:58] <TigermanTrader> yeah I understand news can move markets
[11:32:04] <wrbtrader> I remember the Eminis jumping 20 - 30 points on any Bin Laden capture rumors
[11:32:21] <wrbtrader> those were just rumors
[11:33:20] <wrbtrader> Last big market movement I've seen on a rumor that later turned to be true...
[11:33:40] <wrbtrader> Is the Gold futures decline from its peak
[11:33:55] <TigermanTrader> what give to think is how much is controlled by boys in NY or CME and how much by foreign managers
[11:34:26] <wrbtrader> Involving several big financial institutions having ex traders coorperating with authorities about the "manipulation" of Gold prices.
[11:35:19] <wrbtrader> Fall of 20011
[11:35:31] <wrbtrader> Gold hasn't been the same since
[11:36:35] <TigermanTrader> anyway better take an eyes to cnn
[11:37:21] <wrbtrader> I only watch bloomberg and twitter during trading
[11:37:39] <wrbtrader> Usually twitter news reaches faster (before) bloomberg
[12:20:30] <wrbtrader> Officials will soon give another update to the media about the Explosion/Two Buildings Destruction in New York (Brooklyn)
[12:21:43] <t4n> is gold being pumped up do to this fear?
[12:21:57] <wrbtrader> They confirmed again it was a "Gas Leak Explosion".
[13:02:50] <wrbtrader> Just lots of contracting volatility in a tight trading range for the Emiinis
[13:03:17] <wrbtrader> Gold GC futures volatility contracting too in a tight range the past 15 minutes
[13:03:26] <wrbtrader> same with Crude Oil CL futures
[13:03:44] <wrbtrader> I'm now expecting someone here soon will do a volatility SPIKE
[13:04:08] <wrbtrader> Usually (more often than not) when this type of contraction occurs in ALL of the major key markets...
[13:04:17] <wrbtrader> One of them does a big volatility spike.
[13:04:26] <wrbtrader> Hopefully it will be the Emini futures
[13:12:25] <TigermanTrader> take care all see all next time
[15:45:12] <@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.
[15:48:15] <@wrbtrader> Long Emini TF @ 1189.20 -> medium size
[15:48:26] <@wrbtrader> 2+2 contracts
[15:53:08] <@wrbtrader> WRB pt1 reached
[15:55:01] <@wrbtrader> Exited all Emini TF Long @ 1189.70 --> + 0.5
[15:57:28] <@wrbtrader> Long Emini TF @ 1190.10 -> medium size
[15:57:36] <@wrbtrader> 3+1 contracts
[15:57:39] <@wrbtrader> re-entry
[15:58:17] <@wrbtrader> prior trade has its trail stop pick pocketed...not able to get a re-entry at the same price
[16:00:41] <@wrbtrader> Exited all Emini TF Long @ 1190.60 --> + 0.5
[16:01:08] <@wrbtrader> pick pocketed again :(
[16:01:24] <@wrbtrader> Take care all and see all tomorrow
Session Close: Thu Mar 13 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


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