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 Post subject: March 27th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Mar 27, 2014 7:32 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 Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
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 chat room is is primarily designed for you to use as a trade journal of your WRB Analysis or real-time trades with time stamp archive....giving you a better understanding of your broker statements from one trade to the next trade when you review your 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 to correlate with your broker statements. Therefore, the usefulness of ##TheStrategyLab chat room is determined via your participation in the chat room.

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 qualify for access to our free ##TheStrategyLab chat room that's located on the Freenode IRC network...please follow the instructions at the TSL Support Forum @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164

Attachment:
032714-Key-Price-Action-Markets.png
032714-Key-Price-Action-Markets.png [ 938.4 KiB | Viewed 293 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 Mar 27 09:22:43 2014
Session Ident: ##TheStrategyLab
[09:22:43] * Now talking in ##TheStrategyLab
[09:22:43] * 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'
[09:22:43] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:22:43] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:36:37] <wrbtrader> Shorts Emini TF @ 1148.60 -> large size
[09:37:08] <TigermanTrader> sh iwm 114.43
[09:37:30] <TigermanTrader> exit 114.38 +5tk
[09:37:58] <TigermanTrader> exited early by too tight trail
[09:38:45] <wrbtrader> Covered 1/2 Emini TF Short @ 1147.20 --> + 1.4
[09:40:34] <wrbtrader> Covered Remainder Emini TF Short @ 1145.30 --> + 3.3
[09:41:01] <wrbtrader> Short Emini ES futures @ 1836.00 large size 15 contracts
[09:42:38] <wrbtrader> Exit all Emini ES futures @ 1834.75 +1.25
[09:43:24] <wrbtrader> Eminis started getting a little choppy...reason why I dumped the Emini ES trade before a WRB pt1 was reached
[09:44:05] <wrbtrader> So far...just a strong continuation price action from yesterday via the regular session chart...
[09:44:23] <wrbtrader> That broke down below the most recent reaction low on the all session chart
[09:45:13] <TigermanTrader> I forget before...
[09:45:15] <TigermanTrader> hi all
[09:47:53] <@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.
[09:49:00] <@wrbtrader> Shorts Emini TF @ 1146.20 -> small size
[09:49:08] <@wrbtrader> 2 contracts
[09:51:24] <@wrbtrader> Covered all Emini TF Short @ 1146.20 --> 0
[09:51:34] <@wrbtrader> chop increasing
[09:56:20] <@wrbtrader> Crude Oil CL futures open up big today to the upside via a GAP on its regular session chart
[09:56:22] <TigermanTrader> home sales in few minutes
[09:56:39] <@wrbtrader> via gapping above a 3 day regular session range
[10:04:33] <TigermanTrader> still no reaction to news
[10:08:47] <@wrbtrader> Long Emini TF @ 1154.30 -> small size
[10:08:58] <@wrbtrader> 1+1 contracts
[10:10:45] <@wrbtrader> Exited all Emini TF Long @ 1155.70 --> + 1.4
[10:11:07] <@wrbtrader> WRB pt1 reached @ 1156.10 but was not able to grap it
[10:21:56] <@wrbtrader> Long Emini TF @ 1156.60 -> small size
[10:22:06] <@wrbtrader> 2+1 contracts
[10:23:11] <@wrbtrader> chop snap back
[10:26:23] <@wrbtrader> WRB pt1 (shallow) reached...small pt1 because of the recent snap back :(
[10:26:46] <@wrbtrader> Exited all Emini TF Long @ 1157.80 --> + 1.2
[10:52:53] <@wrbtrader> Emini TF futures now below the R area of its most recent Up WRB Hidden GAP on the 3min chart
[10:53:12] <@wrbtrader> 4 interval that's closed below
[10:54:59] <@wrbtrader> Emini TF futures now retesting the S area of the same Up WRB Hidden GAP 3min chart
[10:59:04] <@wrbtrader> Long Emini TF @ 1151.10 -> small size
[10:59:10] <@wrbtrader> 1 contract
[10:59:12] <@wrbtrader> choppy
[11:00:12] <@wrbtrader> Emini TF futures trying to retest the S area again
[11:05:06] <@wrbtrader> Exited Emini TF Long @ 1149.10 --> - 2
[11:05:45] <@wrbtrader> volatility still contracting on the push below the S area
[11:09:00] <@wrbtrader> Shorts Emini TF @ 1148.30 -> small size
[11:09:11] <@wrbtrader> 2 contracts
[11:09:23] <@wrbtrader> volatility trying hard to get going
[11:09:28] <@wrbtrader> slowly increasing
[11:09:45] <@wrbtrader> WRB pt1 (shallow) reached
[11:10:14] <@wrbtrader> volatility spike in Emini NQ futures and YM
[11:10:21] <@wrbtrader> now Emini ES futures
[11:10:42] <@wrbtrader> I'm still waiting for Emini TF to do a volatility spike
[11:11:02] <@wrbtrader> "(
[11:11:08] <@wrbtrader> doesn't look like it
[11:13:37] <@wrbtrader> WRB pt2 (shallow) reached
[11:13:58] <@wrbtrader> Covered 1/2 Emini TF Short @ 1145.90 --> + 2.4
[11:15:46] <@wrbtrader> Emini TF futures trying hard to find some legs to stand up on
[11:16:09] <@wrbtrader> Covered Remainder Emini TF Short @ 1146.80 --> + 1.5
[11:28:10] <@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
[11:38:56] <@wrbtrader> WTI Crude Rises to Two-Week High on Cushing Supplies (Bloomberg) @ http://www.bloomberg.com/news/2014-03-2 ... plies.html
[11:39:21] <@wrbtrader> Shorts Emini TF @ 1143.30 -> small size
[11:39:29] <@wrbtrader> 1 contract
[11:39:48] <@wrbtrader> Covered Emini TF Short @ 1144.10 --> - 0.8
[11:40:04] <@wrbtrader> long lower shadow snap back
[11:40:31] <@wrbtrader> Shorts Emini TF @ 1144.10 -> small size
[11:40:38] <@wrbtrader> 1 contract
[11:40:46] <@wrbtrader> choppy again
[11:41:10] <@wrbtrader> WRB pt1 reached
[11:42:40] <TigermanTrader> sh iwm 114.14
[11:42:51] <@wrbtrader> Covered Emini TF Short @ 1143.40 --> + 0.7
[11:43:11] <@wrbtrader> Shorts Emini TF @ 1143.00 -> small size
[11:43:21] <@wrbtrader> 1 contract
[11:43:23] <@wrbtrader> re-entry
[11:43:36] <@wrbtrader> prior trade trail hit as soon as I adjusted it :(
[11:44:17] <@wrbtrader> Shorts Emini TF @ 1144.00 -> Add
[11:44:27] <@wrbtrader> 2 added
[11:44:50] <@wrbtrader> WRB pt1 reached
[11:45:10] <@wrbtrader> last time in this price area it did a nasty little snap back upwards
[11:45:42] <TigermanTrader> my previous entry 114 and not 114.14
[11:45:50] <@wrbtrader> Covered 2/3 Emini TF Short @ 1142.50 --> + 1.5
[11:46:18] <TigermanTrader> exit iwm at 113.90 +10 tk
[11:46:25] <@wrbtrader> I'm still holding the original Short @ 1143.00
[11:46:46] <@wrbtrader> should'v dumped it too @ 1142.50
[11:47:14] <@wrbtrader> price action is Down...just holding because of those odds
[11:47:27] <@wrbtrader> WRB pt2 reached
[11:48:11] <@wrbtrader> Covered Remainder Emini TF Short @ 1142.50 --> + 0.5
[11:49:55] <@wrbtrader> Shorts Emini TF @ 1142.90 -> small size
[11:50:09] <@wrbtrader> 1+2 contracts
[11:50:25] <@wrbtrader> :(
[11:51:09] <@wrbtrader> Covered all Emini TF Short @ 1142.50 --> + 0.4
[11:51:17] <@wrbtrader> Houdini Escape
[11:51:25] <@wrbtrader> sideline...will just watch awhile
[11:53:17] <@wrbtrader> volatility slowly increasing
[11:53:31] <@wrbtrader> Shorts Emini TF @ 1142.20 -> medium size
[11:53:39] <@wrbtrader> 2+2 contracts
[11:55:06] <TigermanTrader> sh iwm 113.81
[11:55:45] <TigermanTrader> exit 1/2 iwm 113.77 +4
[11:55:47] <@wrbtrader> Covered 1/2 Emini TF Short @ 1142.10 --> + 0.1
[11:56:03] <@wrbtrader> volatility now declining
[11:56:14] <TigermanTrader> exit all iwm 113.81
[11:57:53] <@wrbtrader> Covered Remainder Emini TF Short @ 1144.10 --> - 1.9
[11:58:21] <tradermo> short iwm 114.04
[12:06:09] <TigermanTrader> sh iwm 113.92
[12:07:00] <TigermanTrader> late entry due update my note
[12:08:30] <tradermo> exit half 113.85
[12:09:15] <@wrbtrader> Shorts Emini TF @ 1142.40 -> medium size
[12:09:29] <@wrbtrader> 4 contracts
[12:09:42] <TigermanTrader> exit 1/2 IWM at 113.80
[12:10:02] <TigermanTrader> +12 ticks
[12:11:23] <@wrbtrader> geeesh :(
[12:11:58] <@wrbtrader> Covered all Emini TF Short @ 1142.60 --> - 0.2
[12:13:13] <TigermanTrader> exit all IWM at 113.90 +2 ticks
[12:13:37] <@wrbtrader> volatility spike
[12:28:36] <@wrbtrader> Long Emini ES @ 1840.75 -> large size
[12:28:52] <@wrbtrader> 10+5 contracts
[12:31:07] <@wrbtrader> Exited all Emini ES Long @ 1841.50 --> + 0.75
[12:31:39] <@wrbtrader> 1842.00 level not able to hold up
[12:32:13] <@wrbtrader> 1843.00 would have been a WRB pt1 had it gotten there
[12:50:01] <@wrbtrader> Emini ES futures tried retesting that 1842.00 level again
[12:51:18] <tradermo> adding to iwm short at 114.30
[12:52:50] <TigermanTrader> take care all see next time
[13:04:13] <@wrbtrader> Long Emini ES @ 1842.25 -> large size
[13:04:22] <@wrbtrader> 20 contracts
[13:04:31] <tradermo> exit reminder of iwm at 114.51
[13:10:23] <@wrbtrader> Exited 1/2 Emini ES Long @ 1843.75 --> + 1.5
[13:10:42] <@wrbtrader> Exited Remainder Emini ES Long @ 1842.75 --> + 0.5
[13:10:50] <@wrbtrader> :(
[13:11:11] <@wrbtrader> trails in good spots...pick pocketed
[13:13:05] <tradermo> short iwm 114.49 - back in
[13:35:23] <tradermo> exit half iwm at 114.16
[13:50:54] <@wrbtrader> Shorts Emini TF @ 1145.30 -> medium size
[13:51:05] <@wrbtrader> 2+2 contracts
[13:58:19] <@wrbtrader> geeesh :(
[13:58:59] <@wrbtrader> Gold GC futures volatility spike
[14:00:14] <@wrbtrader> That spike in Gold causing problems for this Short position in Emini TF futures
[14:03:05] <@wrbtrader> Crude Oil CL futures volatility increasing...pushing prices lower
[14:05:18] <tradermo> exit all iwm 114.91
[14:05:34] <@wrbtrader> WRB pt1 reached
[14:06:57] <tradermo> oops, sorry that was 113.91
[14:07:40] <@wrbtrader> No fill @ 1143.00
[14:08:05] <@wrbtrader> will just market out on any push down with increasing volatility
[14:09:23] <@wrbtrader> snap back
[14:11:58] <@wrbtrader> Covered all Emini TF Short @ 1145.10 --> + 0.2
[14:13:03] <@wrbtrader> Emini TF futures retesting the S area of the most recent contracting volatility
[14:13:21] <@wrbtrader> 1145.00
[14:13:44] <@wrbtrader> now a volatility spike back inside the range of the mentioned contracting volatility
[14:19:55] <@wrbtrader> Shorts Emini TF @ 1144.20 -> small size
[14:20:09] <@wrbtrader> 1+1 contracts
[14:20:32] <@wrbtrader> messed this one up
[14:20:34] <@wrbtrader> :(
[14:21:54] <tradermo> no prob, something looked fishy with iwm otherwise i would have stayed in
[14:23:06] <@wrbtrader> Covered all Emini TF Short @ 1145.70 --> - 1.5
[14:23:18] <@wrbtrader> That strange chop again
[14:24:49] <@wrbtrader> keeps retesting that S area
[14:30:39] <@wrbtrader> Long Emini TF @ 1147.80 -> small size
[14:31:01] <@wrbtrader> :(
[14:31:11] <@wrbtrader> should have gone with Emini ES futures
[14:31:37] <@wrbtrader> It's been handling these volatility spikes today a lot better than Emini TF futures
[14:33:08] <@wrbtrader> Exited Emini TF Long @ 1147.10 --> - 0.7
[14:34:22] <@wrbtrader> snap back down into the range of that earlier problematic contracting volatility area between 1335pm - 1402pm est
[14:37:29] <@wrbtrader> Shorts Emini TF @ 1145.20 -> small size
[14:37:37] <@wrbtrader> 2 contracts
[14:37:47] <@wrbtrader> prior trade a 1 contract position
[14:38:15] <@wrbtrader> Emini TF futures back below the S area of that earlier mentioned contracting volatility area
[14:38:45] <@wrbtrader> crazy how its moving back n forth through that area
[14:41:08] <@wrbtrader> Covered all Emini TF Short @ 1145.20 --> 0
[14:41:38] <@wrbtrader> retracing back upwards again into that price area :(
[14:42:05] <@wrbtrader> Shorts Emini TF @ 1145.00 -> small size
[14:42:22] <@wrbtrader> 1+2 contracts
[14:44:44] <@wrbtrader> re-entry
[14:46:01] <@wrbtrader> strange chop again
[14:48:38] <@wrbtrader> Covered all Emini TF Short @ 1144.90 --> + 0.1
[14:49:11] <tradermo> short nq 3556
[14:55:12] <@wrbtrader> Shorts Emini TF @ 1144.10 -> medium size
[14:55:23] <@wrbtrader> 2+2 contracts
[14:55:52] <@wrbtrader> lets see if it'll retest 1143.00 after all of that strange choppy price action
[14:57:27] <@wrbtrader> volatility was slowly increasing...now its slowing down again :(
[14:58:15] <@wrbtrader> I need a break
[14:58:42] <@wrbtrader> Covered all Emini TF Short @ 1144.00 --> + 0.1
[14:58:51] <@wrbtrader> be back later
[15:03:06] <tradermo> exit nq 3548
[15:25:54] <@wrbtrader> Long Emini TF @ 1154.00 -> large size
[15:26:04] <@wrbtrader> correction
[15:26:21] <@wrbtrader> Long Emini TF @ 1144.00 -> large size
[15:26:29] <@wrbtrader> 6 contracts
[15:27:00] <@wrbtrader> Other Eminis moving while TF is sluggish
[15:27:39] <@wrbtrader> lets see if it can retrace back to that 1145.30 price level
[15:28:13] <@wrbtrader> Its been a magnet all afternoon so far
[15:32:33] <@wrbtrader> Exited 1/2 Emini TF Long @ 1145.50 --> + 1.5
[15:33:10] <@wrbtrader> Emini TF struggling again in this price area
[15:35:00] <@wrbtrader> lost my 5 tick goal on the first 3 contracts
[15:35:22] <@wrbtrader> I now need a 1146.50 on the remainders to compensate
[15:35:57] <@wrbtrader> WRB pt2 reached
[15:37:44] <@wrbtrader> Exited Remainder Emini TF Long @ 1146.60 --> + 2.6
[15:58:25] <@wrbtrader> Long Emini TF @ 1146.90 -> small size
[15:58:35] <@wrbtrader> 2+1 contracts
[16:01:15] <@wrbtrader> WRB pt1 reached
[16:02:56] <@wrbtrader> Exited all Emini TF Long @ 1148.30 --> + 1.4
[16:03:10] <@wrbtrader> Take care all and see all tomorrow
Session Close: Thu Mar 27 18:25:43 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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