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 Post subject: April 15th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Apr 16, 2014 6:54 am 
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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, ##TheStrategyLab chat room is not designed to be educational. Simply, members using the chat room are not there to teach you how to trade and you will not see me discussing the reasons (strategies) behind my trades within ##TheStrategyLab chat room because those reasons (strategies) are only discussed with fee-base clients in a different chat room. Yet, if you want ##TheStrategyLab chat room to be educational or more active in discussing whatever it is that you're trading, we highly recommend that you ask trading related questions about your own trading instead of lurking (not saying anything) because your primary purpose is to improve your trading if you're a struggling trader. Therefore, don't join ##TheStrategyLab and then be silent. To be silent while using ##TheStrategyLab chat room, you'll be wasting a collaboration opportunity for improving your trading and doing such will make ##TheStrategyLab chat room useless to you.

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 to the chat room participation rule involves those traders that are actively posting elsewhere at TheStrategyLab.com (e.g. DOKs at their support forum in the public area or within their private threads)...these traders are then allowed to not participate in the chat room if that's what they prefer to do instead of asking for help with real-time WRB Analysis.

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:
041514-Key-Price-Action-Markets.png
041514-Key-Price-Action-Markets.png [ 1.02 MiB | Viewed 286 times ]

click on the above image to view today's price action of key markets

Session Start: Tue Apr 15 08:38:08 2014
Session Ident: ##TheStrategyLab
[08:38:08] * Now talking in ##TheStrategyLab
[08:38:08] * 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'
[08:38:08] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:38:09] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:19] <TigermanTrader> gm
[09:31:37] <TigermanTrader> kme at 10am
[09:34:03] <wrbtrader> thanks...I had forgotten
[09:36:08] <wrbtrader> mixed picture for the Emini futures regular session versus all session (globex) price action
[09:38:10] <wrbtrader> Long Emini ES futures @ 1830.75 large size 20 contracts
[09:42:31] <wrbtrader> Exit all Emini ES futures @ 1833.25 +2.50
[09:51:27] <wrbtrader> Long Emini TF @ 1121.00 -> medium size
[09:51:35] <wrbtrader> 4 contracts
[09:52:31] <wrbtrader> Exited all Emini TF Long @ 1120.80 --> - 0.2
[09:52:56] <wrbtrader> :(
[09:53:05] <wrbtrader> messed that one up
[10:11:46] <wrbtrader> Shorts Emini TF @ 1113.60 -> medium size
[10:11:56] <wrbtrader> 2+2
[10:12:20] <wrbtrader> WRB pt1 reached
[10:13:34] <wrbtrader> Covered 3/4 Emini TF Short @ 1110.50 --> + 3.1
[10:14:31] <@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.
[10:15:33] <@wrbtrader> snap back
[10:15:43] <@wrbtrader> upwards on increasing volatility
[10:16:30] <@wrbtrader> hopefully the "strange chop" will do its magic and take prices back downward on a snap back down
[10:19:16] <TigermanTrader> sh es 29.75
[10:20:10] <@wrbtrader> WRB pt2 reached
[10:20:20] <TigermanTrader> exit all es 1827.75 +8tk
[10:20:22] <@wrbtrader> WRB pt3 reached on a volatility spike
[10:21:15] <@wrbtrader> Covered Remainder Emini TF Short @ 1106.40 --> + 7.2
[10:24:29] <@wrbtrader> Shorts Emini TF @ 1105.20 -> small size
[10:25:12] <@wrbtrader> chasing...trade signal @ 1107.10
[10:25:30] <@wrbtrader> still a ton of volatility in the Emini futures
[10:25:39] <@wrbtrader> 3 contracts
[10:26:00] <@wrbtrader> Covered all Emini TF Short @ 1102.70 --> + 2.5
[10:26:06] <@wrbtrader> WRB pt1 reached
[10:51:08] <@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
[10:51:52] <@wrbtrader> I've missed so good price action trading today in Gold GC futures :(
[10:55:49] <@wrbtrader> U.S. Stocks Pare Gains as Europe Shares Fall on Ukraine (Bloomberg) @ http://www.bloomberg.com/news/2014-04-1 ... -gain.html
[10:58:13] <@wrbtrader> Shorts Emini TF @ 1102.90 -> small size
[10:58:21] <@wrbtrader> 2 contracts
[11:03:04] <@wrbtrader> Covered all Emini TF Short @ 1098.50 --> + 4.4
[11:03:17] <@wrbtrader> WRB pt1 reached
[11:03:23] <@wrbtrader> early exit
[11:03:34] <@wrbtrader> My goal was a WRB pt2
[11:04:57] <@wrbtrader> Shorts Emini TF @ 1098.70 -> small size
[11:05:19] <@wrbtrader> 2 contracts
[11:05:44] <@wrbtrader> Covered all Emini TF Short @ 1100.50 --> - 1.8
[11:06:09] <@wrbtrader> snap back on declining volatility :(
[11:09:12] <@wrbtrader> Shorts Emini TF @ 1100.50 -> medium size
[11:09:34] <@wrbtrader> 3=1 contracts
[11:09:48] <@wrbtrader> price action a little too fast for me right now
[11:12:20] <@wrbtrader> Covered 3/4 Emini TF Short @ 1098.70 --> + 1.8
[11:12:36] <@wrbtrader> Covered Remainder Emini TF Short @ 1100.20 --> + 0.3
[11:13:03] <TigermanTrader> sh nq 3439
[11:13:05] <@wrbtrader> another strange chop snap back...it pick pocketed my trail stop
[11:13:34] <@wrbtrader> Understanding ##TheStrategyLab -> - Archive chat logs are stored @ http://www.thestrategylab.com/ftchat/forum/ and you can understand some of the words (e.g. Key Market Event, Contracting Volatility, WRB, WRB Hidden GAP, WRB Zone, WRB pt levels) being used here in the chat room for price action trading via the WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[11:14:59] <TigermanTrader> exit nq 3436 +12 tk
[11:15:01] <@wrbtrader> Shorts Emini TF @ 1098.20 -> large size
[11:15:13] <@wrbtrader> 4+2 contracts
[11:16:05] <TigermanTrader> sh nq 3435.25
[11:16:20] <@wrbtrader> Covered 1/2 Emini TF Short @ 1097.40 --> + 0.8
[11:16:39] <@wrbtrader> Covered Remainder Emini TF Short @ 1098.00 --> + 0.2
[11:16:46] <@wrbtrader> intuition trade
[11:16:49] <TigermanTrader> exit nq 3436.25 -4 tk
[11:16:55] <TigermanTrader> spike up
[11:16:55] <@wrbtrader> and another trail pick pocketed
[11:17:18] <@wrbtrader> first intuition trade of the day
[11:18:07] <TigermanTrader> sh nq 3440.5
[11:19:18] <@wrbtrader> Shorts Emini TF @ 1098.50 -> large size
[11:19:29] <@wrbtrader> re-entry
[11:19:51] <TigermanTrader> exit nq 3438.5 +8 tk
[11:20:14] <@wrbtrader> 5+1 contracts
[11:20:23] <TigermanTrader> sh nq 40.5
[11:21:35] <TigermanTrader> exit nq 3441 -2 tk
[11:22:29] <@wrbtrader> Covered all Emini TF Short @ 1101.60 --> - 3.1
[11:22:58] <TigermanTrader> big spike against down trend
[11:23:32] <TigermanTrader> sh nq 3446.5
[11:23:44] <@wrbtrader> Shorts Emini TF @ 1102.60 -> large size
[11:23:57] <@wrbtrader> 4+2 contracts
[11:24:22] <@wrbtrader> price action still moving at a fast pace now
[11:26:12] <nitin> @wrbtrader what time frame you use for trading ?
[11:26:21] <@wrbtrader> Covered all Emini TF Short @ 1101.00 --> + 1.6
[11:26:33] <@wrbtrader> 1min, 2min, 3min, 5min and 15min right now
[11:26:36] <TigermanTrader> exit nq 3438.5 +32 tk
[11:27:03] <nitin> @wrbtrader thanks
[11:27:15] <TigermanTrader> my arms and hands are in pain after a lot of clicks
[11:27:47] <TigermanTrader> I need a mental trading platform and not joking
[11:33:05] <@wrbtrader> Long Emini TF @ 1104.40 -> large size
[11:33:30] <@wrbtrader> 1+3+2 contracts
[11:33:55] <@wrbtrader> :(
[11:35:06] <@wrbtrader> Exited all Emini TF Long @ 1104.60 --> + 0.2
[11:35:25] <@wrbtrader> I think I jinxed that increasing volatility pace...
[11:35:37] <@wrbtrader> I dried up fast as soon as I got Long :(
[11:41:23] <@wrbtrader> Emini TF futures now below the S area of its most recent Up WRB Hidden GAP on the 1min chart
[11:41:50] <@wrbtrader> strange chop hasn't shown up again around this S area
[11:48:47] <@wrbtrader> Shorts Emini TF @ 1097.80 -> large size
[11:50:46] <@wrbtrader> Covered all Emini TF Short @ 1098.00 --> - 0.2
[11:51:33] <@wrbtrader> Shorts Emini TF @ 1098.00 -> large size
[11:51:40] <@wrbtrader> re-entry
[11:52:00] <@wrbtrader> strange chop causing problems a the intraday lows
[11:53:21] <TigermanTrader> sh nq 3429.5
[11:53:36] <@wrbtrader> volatility drying up fast again :(
[11:54:20] <@wrbtrader> Covered 1/2 Emini TF Short @ 1097.50 --> + 0.5
[11:54:31] <TigermanTrader> exit nq 3428 +6 tk
[11:54:38] <@wrbtrader> Covered Remainder Emini TF Short @ 1098.10 --> - 0.1
[11:57:01] <@wrbtrader> Shorts Emini TF @ 1099.10 -> large size
[11:57:03] <TigermanTrader> sh nq 3427
[11:57:14] <TigermanTrader> vola increasse
[11:57:31] <@wrbtrader> 5+1 contracts
[11:57:52] <@wrbtrader> snap back downward on the strange chop
[11:58:29] <@wrbtrader> The chop has usually snap back again back upwards in situations like this when its trying to hammer out some legs to stand up on
[11:59:17] <TigermanTrader> exit nq 3422 +20 tk
[11:59:34] <@wrbtrader> Covered all Emini TF Short @ 1098.30 --> + 0.8
[11:59:45] <@wrbtrader> trail pick pocketed again
[12:00:00] <@wrbtrader> :(
[12:00:18] <TigermanTrader> sh nq 3424.75
[12:00:34] <@wrbtrader> I've had the direction correct on these "re-entries"...
[12:00:46] <@wrbtrader> Just not getting what I want because of the snap backs
[12:00:50] <@wrbtrader> in the price action
[12:02:09] <TigermanTrader> exit nq 3419.75 +20 tk
[12:02:33] <TigermanTrader> simply snap back are terrible
[12:02:42] <@wrbtrader> Shorts Emini ES @ 1813.50 -> large size
[12:03:00] <@wrbtrader> 20 contracts
[12:03:17] <@wrbtrader> maybe Emini ES futures will be less choppy than Emini TF futures
[12:04:32] <@wrbtrader> Covered all Emini ES Short @ 1813.75 --> - 0.25
[12:05:46] <@wrbtrader> Shorts Emini ES @ 1813.75 -> large size
[12:05:56] <@wrbtrader> re-entry
[12:07:07] <TigermanTrader> sh nq 3419.25
[12:07:20] <@wrbtrader> Covered all Emini ES Short @ 1813.50 --> + 0.25
[12:08:43] <TigermanTrader> exit nq 3418 +6 tk
[12:10:13] <@wrbtrader> Shorts Emini ES @ 1814.00 -> large size
[12:10:15] <TigermanTrader> sh nq 3420.5
[12:10:27] <@wrbtrader> 25 contracts
[12:11:10] <@wrbtrader> I was a little better prepared for that "strange chop"...not paying off so far
[12:11:20] <TigermanTrader> exit nq 3422.5 -8 tk
[12:13:02] <@wrbtrader> Covered all Emini ES Short @ 1815.00 --> - 1
[12:13:45] <@wrbtrader> Emini ES futures retracing the most recent Down WRB Hidden GAP on the lower time frames
[12:14:25] <TigermanTrader> sh nq 3426
[12:16:14] <TigermanTrader> sh nq 3427 -4tk
[12:21:46] <@wrbtrader> Shorts Emini ES @ 1814.25 -> large size
[12:22:11] <TigermanTrader> sh nq 3423
[12:22:13] <@wrbtrader> 20+5 contracts
[12:22:15] <@wrbtrader> re-entry
[12:23:35] <TigermanTrader> exit 1/2 nq 3420 +12 tk
[12:23:59] <@wrbtrader> Covered all Emini ES Short @ 1813.00 --> + 1.25
[12:25:01] <TigermanTrader> exit 1/2 nq 3419 +16 tk
[12:38:40] <@wrbtrader> I'm just churning within these large contract trades
[12:38:51] <@wrbtrader> Thus, only the broker is making money.
[12:39:50] <@wrbtrader> In fact, had one of my brokers call me today in the middle of a trade wanting to "partner" up with me to send them some clients...talking about giving me rebates after a specific number of trades for the month.
[12:40:00] <@wrbtrader> :)
[12:40:18] <@wrbtrader> Give me commission free and I'll kiss their butt
[12:42:36] <@wrbtrader> I think I'm ready to take on Emini TF again
[12:43:14] <@wrbtrader> Its fast strange chop has dramactically slowed down
[12:52:48] <@wrbtrader> Short Emini ES futures @ 1812.50 large size 20+10 contracts
[12:53:46] <@wrbtrader> looking for a Houdini Escape
[12:53:48] <@wrbtrader> :(
[12:55:41] <@wrbtrader> Exit Emini ES futures @ 1812.50 -0.00
[12:55:58] <@wrbtrader> The entry was a trade error
[12:56:29] <@wrbtrader> If this can chop back up and then resetu...I should be able to get it right
[12:57:52] <@wrbtrader> :(
[13:00:24] <@wrbtrader> Shorts Emini TF @ 1091.90 -> large size
[13:00:42] <@wrbtrader> 3+3 contracts
[13:00:56] <TigermanTrader> sh nq 3406.5
[13:01:06] <@wrbtrader> :(
[13:01:07] <@wrbtrader> geeesh
[13:01:50] <@wrbtrader> Yeah...price action is slower now but the continatuations dry up "too fast" (be careful about what we wish for)
[13:02:59] <@wrbtrader> Covered all Emini TF Short @ 1091.30 --> + 0.6
[13:03:54] <TigermanTrader> exit nq 3407 -2 tk
[13:04:12] <TigermanTrader> it was in a tiny profit in a moment
[13:04:27] <@wrbtrader> In the past 3 weeks when this "strange chop" started hitting heavily...
[13:04:47] <@wrbtrader> If I was too slow to adjust my stop into a profitable trail stop...
[13:05:11] <@wrbtrader> My average loss per trade went from -0.5 to -1.4
[13:05:44] <TigermanTrader> yeah this stuff revert very fast
[13:06:05] <@wrbtrader> I'm literally talking about like 7 seconds or less
[13:06:28] <@wrbtrader> It's moving that fast...like a full point in several seconds
[13:07:00] <TigermanTrader> sounds like computer HFT
[13:08:35] <@wrbtrader> Whatever it is...it isn't us retail traders causing it.
[13:08:54] <TigermanTrader> yep that x sure
[13:11:34] <@wrbtrader> Shorts Emini ES @ 1811.75 -> large size
[13:11:43] <@wrbtrader> 15 contracts
[13:12:07] <@wrbtrader> Shorts Emini ES @ 1812.00 -> Add
[13:12:21] <@wrbtrader> 15 added
[13:13:10] <TigermanTrader> sh nq 3411.75
[13:13:50] <TigermanTrader> exit nq 3411.75
[13:14:21] <@wrbtrader> increasing volatiity
[13:15:19] <@wrbtrader> Covered all Emini ES Short @ 1814.25 --> - 4.75
[13:15:48] <@wrbtrader> Long Emini ES @ 1814.25 -> large size
[13:16:02] <@wrbtrader> 20+10 contracts
[13:16:40] <@wrbtrader> Emini ES in a strong continuation price rise
[13:17:01] <@wrbtrader> similar to what's discussed in tutorial chapter 2
[13:17:16] <TigermanTrader> lg nq 3421
[13:17:24] <TigermanTrader> chasing here
[13:18:10] <TigermanTrader> exit 1/2 nq 3222 +4 tk
[13:18:45] <@wrbtrader> I need a 1816.75 to turn this into a churn :(
[13:19:51] <TigermanTrader> exit all nq 3222
[13:25:01] <@wrbtrader> Exited all Emini ES Long @ 1814.25 --> 0
[13:25:24] <@wrbtrader> I gave that one a ton of breathing room on the increasing volatility
[13:25:31] <@wrbtrader> the volatiliyt didn't last long
[13:29:09] <@wrbtrader> Long Emini ES @ 1814.00 -> large size
[13:29:30] <@wrbtrader> strange chop showed up again
[13:29:33] <tradermo> short ym 16037
[13:29:42] <@wrbtrader> 10+20 contracts
[13:29:44] <TigermanTrader> lg nq 3422
[13:29:44] <@wrbtrader> re-entry
[13:30:25] <TigermanTrader> exit all nq at 3425 +12 tk
[13:30:42] <@wrbtrader> Now I need a 1817.25 to make these trades a CHURN
[13:31:32] <@wrbtrader> back at the most recent reaction high that killed my prior Long position :(
[13:32:07] <@wrbtrader> lets see if things average out
[13:32:17] <@wrbtrader> strange chop killed my prior trade
[13:32:31] <@wrbtrader> lets see if it can now give me what I want
[13:32:52] <@wrbtrader> Exited 2/3 Emini ES Long @ 1817.75 --> + 3.75
[13:33:56] <@wrbtrader> WRB pt1 reached
[13:34:14] <@wrbtrader> Exited Remainder Emini ES Long @ 1819.00 --> + 5
[13:35:02] <@wrbtrader> I hope everybody is take good real-time notes about this "strange chop" in the Emini futures.
[13:35:14] <@wrbtrader> It will soon disappear and then return again.
[13:35:36] <@wrbtrader> I have been seeing it every few months lasting a few weeks
[13:35:52] <@wrbtrader> Usually shows up soon after the end of a quarter
[13:36:25] <@wrbtrader> I also notice it soon after the FED and its big bond transactions
[13:36:42] <@wrbtrader> You'll see it when treasuries have been having volatility spikes
[13:37:04] <@wrbtrader> or strong price movements
[13:37:23] <@wrbtrader> Reason why I think the FED is involved or the big boys reacting to something the FED is doing
[13:39:24] <TigermanTrader> yeah is a thing to note x sure
[13:39:26] <@wrbtrader> There was a big movement in Treasuries between 10am - 11am est
[13:40:40] <tradermo> exit ym 16077
[13:40:44] <@wrbtrader> Further, looking at the ZN, ZB 1 hour charts...
[13:40:51] <TigermanTrader> wrbtrader do you think can be a good idea monitor the bond price and take care and expect some " strange chopy" when we see strong move in that future ?
[13:41:08] <@wrbtrader> They've been very active and moving strongly since April 4th
[13:42:01] <@wrbtrader> Emini futures strange chop showed up around March 19th
[13:42:16] <@wrbtrader> about the same time when the Treasuries made a big downward price movement
[13:43:14] <TigermanTrader> yeah march 19 big down move
[13:43:37] <@wrbtrader> Lets put it this way...
[13:43:42] <TigermanTrader> then april 9 price retrace that with another spike in up direction
[13:43:44] <@wrbtrader> Us retail traders didn't do that :)
[13:44:26] <TigermanTrader> need a lot of money to move price that way
[13:44:28] <@wrbtrader> That's the FED and big boys trading punches with each other :)
[13:44:47] <@wrbtrader> Like a Bar Fight
[13:45:04] <@wrbtrader> "Hit Anything That Comes Near You"
[13:45:29] <TigermanTrader> is interesting know the source of that money
[13:46:00] <@wrbtrader> When you see treasuries move like that...those big WRB Hidden GAPs
[13:46:07] <TigermanTrader> I mean assuming not using their money
[13:46:08] <@wrbtrader> That's a lot of money moving in the markets
[13:46:42] <TigermanTrader> yeah directly from people savings maybe
[13:47:06] <TigermanTrader> so when something goes wrong tax can fix that
[13:47:32] <@wrbtrader> Taxes :(
[13:47:40] <TigermanTrader> regardless monitor that things can help
[13:48:15] <TigermanTrader> yeah taxes :(
[13:48:19] <@wrbtrader> Just read an article yesterday about the IRS confiscating tax refunds of adults that were children of folks that still owe the IRS money
[13:48:21] <@wrbtrader> :(
[13:48:44] <@wrbtrader> Thus, if your parents still OWE from years ago and the IRS couldn't collect...
[13:48:55] <@wrbtrader> They're now going after your tax refunds :(
[13:49:47] <TigermanTrader> that the reason many rich people using Trust
[13:50:00] <@wrbtrader> Strongly Agree
[13:50:16] <TigermanTrader> officially they no have money :)
[13:56:58] <TigermanTrader> best place is SWiss for trading Tax
[13:57:09] <TigermanTrader> simply No capital gain
[13:57:20] <TigermanTrader> like hong kong or Singapore
[13:57:52] <@wrbtrader> Then cause a big headache until you can clear things right.
[13:58:22] <@wrbtrader> Long Emini TF @ 1104.80 -> medium size
[13:58:34] <@wrbtrader> 4 contracts
[13:58:44] <@wrbtrader> another strong continuation movement to the upside
[13:59:04] <@wrbtrader> ooops
[14:00:44] <@wrbtrader> Exited all Emini TF Long @ 1105.90 --> + 1.1
[14:01:29] <@wrbtrader> I've been having problems lately after the first hour of taking trades in the same direction in differrent trading instruments
[14:01:51] <@wrbtrader> This recent trade I should have also been Long in Emini ES futures with the Emini TF trade.
[14:02:13] <@wrbtrader> It's just mentally tough to manage such in the afternoon trading sessions
[14:04:55] <@wrbtrader> Starting to look like the Emini futures are hungry to get back to their regular session opening GAP
[14:05:32] <@wrbtrader> Shorts Emini TF @ 1107.80 -> large size
[14:05:40] <@wrbtrader> correction
[14:05:44] <@wrbtrader> that's a Long position
[14:06:01] <@wrbtrader> 4+2 contracts
[14:06:21] <@wrbtrader> Long Emini TF @ 1107.80 -> large size
[14:06:56] <@wrbtrader> volatility needs to hold up here
[14:07:17] <@wrbtrader> I scramble to change the order size
[14:07:24] <@wrbtrader> from 2 contracts to 6
[14:07:37] <@wrbtrader> volatility contracting fast :(
[14:09:29] <@wrbtrader> Would be nice if that strange chop shows up about now when I need it most
[14:10:05] <@wrbtrader> Exited all Emini TF Long @ 1106.30 --> - 1.5
[14:10:47] <@wrbtrader> R area of the most recent Up WRB Hidden GAP too far below
[14:17:28] <@wrbtrader> another low volatility snap back
[14:17:37] <@wrbtrader> strange chop
[14:18:19] <@wrbtrader> Long Emini TF @ 1106.10 -> large size
[14:18:31] <@wrbtrader> 6 contracts
[14:18:33] <@wrbtrader> re-entry
[14:19:50] <@wrbtrader> Exited all Emini TF Long @ 1105.40 --> - 0.7
[14:19:59] <@wrbtrader> :(
[14:20:42] <@wrbtrader> had a great entry on that one...it couldn't hold
[14:24:42] <tradermo> long es 1825.25
[14:31:54] <tradermo> exit es 1828
[14:32:49] <@wrbtrader> Long Emini TF @ 1107.30 -> large size
[14:33:05] <@wrbtrader> 2+1 and then 3 added
[14:37:02] <@wrbtrader> Exited 1/2 Emini TF Long @ 1108.30 --> + 1
[14:37:14] <@wrbtrader> Exited Remainder Emini TF Long @ 1108.30 --> + 1
[14:38:54] <@wrbtrader> Long Emini TF @ 1109.80 -> large size
[14:39:24] <@wrbtrader> WRB pt1 reached on the prior trade but I held it longer because it had a chance to go to WRB pt2
[14:39:28] <@wrbtrader> it then retraced
[14:40:47] <@wrbtrader> Exited 1/2 Emini TF Long @ 1111.10 --> + 1.3
[14:44:20] <@wrbtrader> I need a 1111.50 or higher for the remainders to pay for these recent 3 churning trades :(
[14:45:23] <@wrbtrader> Exited Remainder Emini TF Long @ 1112.40 --> + 2.6
[14:45:48] <@wrbtrader> wasn't expecting that last volatility spike
[14:45:53] <@wrbtrader> WRB pt2 reached
[14:46:05] <@wrbtrader> and its still moving higher
[14:55:52] <@wrbtrader> Long Emini TF @ 1113.30 -> small size
[14:56:01] <@wrbtrader> 2 contracts
[14:58:14] <TigermanTrader> lg nq 3472.5
[14:59:08] <@wrbtrader> Exited all Emini TF Long @ 1112.60 --> - 0.7
[14:59:41] <TigermanTrader> exit nq 3472 -2tk
[15:00:57] <@wrbtrader> Long Emini TF @ 1112.60 -> small size
[15:01:04] <@wrbtrader> 2 contracts
[15:01:28] <@wrbtrader> re-entry via the bounce off the S area of the most recent Up WRB Hidden GAP
[15:03:53] <@wrbtrader> Exited all Emini TF Long @ 1112.20 --> - 0.4
[15:05:33] <@wrbtrader> Emini TF futures back below that S area
[15:12:32] <@wrbtrader> Long Emini TF @ 1113.10 -> medium size
[15:12:38] <@wrbtrader> 4 contracts
[15:12:41] <@wrbtrader> increasing volatility
[15:13:41] <TigermanTrader> lg nq 3470.5
[15:14:17] <TigermanTrader> exit 1/2 3473.5 +12 tk
[15:15:06] <@wrbtrader> Exited 1/2 Emini TF Long @ 1114.20 --> + 1.1
[15:15:29] <TigermanTrader> exit all remainder at 3476 +22 tk
[15:17:18] <TigermanTrader> lg nq 3477.25
[15:17:20] <@wrbtrader> Exited Remainder Emini TF Long @ 1115.50 --> + 2.4
[15:20:26] <TigermanTrader> exit all remainder at 3482.25 +20 tk
[15:42:21] <@wrbtrader> Shorts Emini TF @ 1113.80 -> small size
[15:42:39] <@wrbtrader> 2 contracts
[15:44:54] <@wrbtrader> Covered all Emini TF Short @ 1113.60 --> + 0.2
[15:45:05] <@wrbtrader> Houdini Escape out of the trade error
[15:45:28] <@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.
[15:48:35] <@wrbtrader> Long Emini TF @ 1117.00 -> small size
[15:48:52] <@wrbtrader> 2 contracts
[15:52:21] <@wrbtrader> Long Emini TF @ 1117.00 -> Add
[15:52:31] <@wrbtrader> 1 added
[15:53:24] <TigermanTrader> lg nq 3482
[15:53:53] <@wrbtrader> Exited 1/3 Emini TF Long @ 1117.30 --> + 0.3
[15:55:16] <@wrbtrader> Exited Remainder Emini TF Long @ 1117.20 --> + 0.2
[15:55:36] <@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.
[15:56:35] <TigermanTrader> exit nq 3482
[15:57:07] <TigermanTrader> late post distracted by platform setting
[15:58:06] <@wrbtrader> Shorts Emini TF @ 1115.50 -> medium size
[15:58:22] <@wrbtrader> 4 contracts
[15:58:46] <@wrbtrader> Covered all Emini TF Short @ 1115.80 --> - 0.3
[15:59:04] <TigermanTrader> sh nq 3478.25
[15:59:37] <TigermanTrader> exit all nq 3476.25
[15:59:46] <TigermanTrader> +12 tk
[16:00:18] <TigermanTrader> today was very tiring trading day
[16:00:52] <@wrbtrader> Too much volatility contraction into the last 15 minutes of the regular trading session
[16:01:12] <TigermanTrader> take care all and see all next time
[16:02:23] <@wrbtrader> Take care all and see all tomorrow
Session Close: Tue Apr 15 22:56:14 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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