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 Post subject: April 24th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Apr 24, 2014 10:35 pm 
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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 Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
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, WRBs, WRB Hidden GAPs, WRB Zone, WRB/WRB Hidden GAP profit targets, Key Market Events, Reaction Highs/Lows, Expanding Volatility) 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:
042414-Key-Price-Action-Markets.png
042414-Key-Price-Action-Markets.png [ 923.42 KiB | Viewed 328 times ]

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

Session Start: Thu Apr 24 09:15:56 2014
Session Ident: ##TheStrategyLab
[09:15:56] * Now talking in ##TheStrategyLab
[09:15:56] * 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'
[09:15:56] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:15:57] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:23] <wrbtrader> Shorts Emini ES @ 1878.00 -> large size
[09:30:39] <wrbtrader> 30 contracts
[09:32:30] <wrbtrader> Covered all Emini ES Short @ 1877.00 --> + 1
[09:33:23] <wrbtrader> Shorts Emini ES @ 1877.00 -> large size
[09:33:35] <wrbtrader> re-entry
[09:37:38] <wrbtrader> Covered 1/2 Emini ES Short @ 1874.75 --> + 2.25
[09:37:40] <wrbtrader> WRB pt1 reached
[09:38:12] <wrbtrader> I need to be careful here of that infamous "snap back"
[09:39:41] <wrbtrader> Covered Emini ES Short @ 1873.50 --> + 3.5
[09:40:04] <wrbtrader> Holding 5 contract remainders
[09:41:33] <wrbtrader> WRB pt2 reached via higher time frame of 5min chart whereas the prior scale outs were via a lower time frame of 1min and 2min charts
[09:42:03] <wrbtrader> Covered Remainder Emini ES Short @ 1873.00 --> + 4
[09:43:04] <wrbtrader> Shorts Emini TF @ 1163.50 -> small size
[09:43:18] <wrbtrader> 3 contracts
[09:43:27] <wrbtrader> :(
[09:44:00] <wrbtrader> WRB pt1 reached
[09:45:55] <wrbtrader> Covered all Emini TF Short @ 1138.30 --> + 25.2
[09:46:09] <wrbtrader> correction
[09:46:56] <wrbtrader> entry @ 1143.50
[09:47:22] <wrbtrader> +5.2
[09:47:31] <wrbtrader> position size error with that trade
[09:47:50] <wrbtrader> I went small size of 3 contracts instead of a 9 - 10 contract large size
[09:48:57] <wrbtrader> Thus, I left a lot of dollars on the table via that position size error
[09:49:39] <wrbtrader> Emini futures have filled in their regular session gap EXCEPT for Emini NQ futures
[09:49:43] <wrbtrader> Its trying now
[10:05:38] <wrbtrader> Long Emini TF @ 1134.70 -> small size
[10:05:46] <wrbtrader> 3 contracts
[10:06:08] <wrbtrader> Exited all Emini TF Long @ 1134.60 --> - 0.1
[10:06:33] <wrbtrader> Shorts Emini TF @ 1133.20 -> large size
[10:06:55] <wrbtrader> 6 contracts
[10:07:07] <wrbtrader> getting a little choppy as its trying to find some legs to stand up on
[10:07:51] <wrbtrader> Covered 2/3 Emini TF Short @ 1131.80 --> + 1.4
[10:08:20] <wrbtrader> Covered Remainder Emini TF Short @ 1133.10 --> + 0.1
[10:09:03] <wrbtrader> Long Emini TF @ 1133.10 -> medium size
[10:09:10] <wrbtrader> 4 contracts
[10:09:42] <wrbtrader> Exited all Emini TF Long @ 1132.60 --> - 0.5
[10:10:49] <wrbtrader> Long Emini TF @ 1132.00 -> large size
[10:11:38] <wrbtrader> Exited 1/2 Emini TF Long @ 1133.30 --> + 1.3
[10:12:52] <wrbtrader> Exited Remainder Emini TF Long @ 1134.10 --> + 2.1
[10:13:53] <Cayden> Outstanding!
[10:31:59] <T4n> bbl
[10:43:13] <wrbtrader> getting a little choppy
[10:44:01] <@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.
[11:00:29] <@wrbtrader> Long Emini ES @ 1870.50 -> large size
[11:00:37] <@wrbtrader> 10 contracts
[11:01:28] <@wrbtrader> I'm not going to hang around too long in this Long position because I have a strong bearish bias
[11:02:04] <@wrbtrader> Exited all Emini ES Long @ 1870.00 --> - 0.5
[11:02:31] <@wrbtrader> Long Emini ES @ 1870.50 -> large size
[11:02:42] <@wrbtrader> 10 contracts
[11:02:45] <@wrbtrader> re-entry
[11:03:51] <@wrbtrader> Exited all Emini ES Long @ 1870.50 --> 0
[11:04:09] <@wrbtrader> Emini ES stuck in a 3 tick range
[11:05:44] <@wrbtrader> Long Emini ES @ 1871.75 -> large size
[11:06:00] <@wrbtrader> 10 contracts
[11:06:22] <@wrbtrader> hopefully the volatility doesn't dry up and brings this back down into the prior low volatility 3 tick range
[11:06:33] <@wrbtrader> re-entry on the same price action
[11:08:42] <@wrbtrader> Exited all Emini ES Long @ 1873.25 --> + 1.5
[11:09:09] <@wrbtrader> WRB pt1 reached via the 2min chart
[11:11:04] <@wrbtrader> Today is a big day of EARNINGS that begin in yesterdays after markets.
[11:11:57] <@wrbtrader> U.S. Stocks Fluctuate on Busiest Day of Earnings Season (Bloomberg) @ http://www.bloomberg.com/news/2014-04-2 ... boost.html
[11:21:45] <t4n> ym above its opening gap
[11:22:42] <@wrbtrader> Wow...impressive retracement back upwards for Emini YM futures and DIA
[11:36:47] <@wrbtrader> Long Emini TF @ 1146.40 -> small size
[11:36:55] <@wrbtrader> 1 contract
[11:37:06] <@wrbtrader> intuition trade
[11:37:43] <@wrbtrader> first one of the trading day as intuition
[11:39:43] <@wrbtrader> trailing @ profit
[11:42:12] <@wrbtrader> Exited Emini TF Long @ 1146.50 --> + 0.1
[12:01:21] <@wrbtrader> Long Emini TF @ 1146.00 -> small size
[12:01:34] <@wrbtrader> 1 contract
[12:05:12] <@wrbtrader> Exited Emini TF Long @ 1144.50 --> - 1.5
[12:14:20] <@wrbtrader> Shorts Emini TF @ 1143.80 -> small size
[12:14:33] <@wrbtrader> 2+1 contracts
[12:14:50] <@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
[12:17:46] <@wrbtrader> Covered all Emini TF Short @ 1143.20 --> + 0.6
[12:17:54] <@wrbtrader> WRB pt1 reached
[12:48:25] <tradermo> long nq 3585.5
[13:37:24] <tradermo> adding to nq at 3581
[13:59:00] <tradermo> exit all nq 3573
[14:00:23] <@wrbtrader> Shorts Emini TF @ 1138.30 -> small size
[14:00:40] <@wrbtrader> 1 contract
[14:02:07] <@wrbtrader> Shorts Emini TF @ 1138.80 -> Add
[14:02:16] <@wrbtrader> 1 added
[14:04:17] <@wrbtrader> Covered all Emini TF Short @ 1139.80 --> - 2.5
[14:05:09] <@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.
[14:06:04] <@wrbtrader> Long Emini TF @ 1140.50 -> small size
[14:06:25] <@wrbtrader> 1 contract
[14:07:48] <@wrbtrader> Exited Emini TF Long @ 1140.50 --> 0
[14:08:02] <@wrbtrader> volatility not that low to be behaving like this :(
[14:08:18] <@wrbtrader> Shorts Emini TF @ 1140.00 -> large size
[14:08:25] <tradermo> short iwm 113.52
[14:08:41] <@wrbtrader> 3+3 contracts
[14:09:07] <@wrbtrader> WRB pt1 reached
[14:12:05] <@wrbtrader> Covered 1/2 Emini TF Short @ 1137.90 --> + 2.1
[14:15:20] <@wrbtrader> Covered Remainder Emini TF Short @ 1139.80 --> + 0.2
[14:18:22] <@wrbtrader> Shorts Emini TF @ 1140.00 -> small size
[14:18:29] <@wrbtrader> 3 contracts
[14:18:33] <@wrbtrader> re-entry
[14:19:31] <@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
[14:22:27] <@wrbtrader> Covered all Emini TF Short @ 1139.90 --> + 0.1
[14:22:40] <@wrbtrader> :(
[14:23:22] <@wrbtrader> Obvious range now with volatility declining
[14:24:25] <@wrbtrader> Will mark the highs / lows of the range 1141.30 - 1137.70
[14:24:54] <@wrbtrader> be back later when my audio alert sounds off for those price hits
[15:02:11] <@wrbtrader> Long Emini TF @ 1139.00 -> small size
[15:02:38] <@wrbtrader> 1+2 contracts
[15:04:48] <tradermo> exit iwm 113.71
[15:05:33] <@wrbtrader> Exited 2/3 Emini TF Long @ 1141.50 --> + 2.5
[15:05:40] <@wrbtrader> WRB pt1 reached
[15:12:58] <@wrbtrader> Exited Remainder Emini TF Long @ 1140.60 --> + 1.6
[15:13:57] <@wrbtrader> Emini TF futures retesting the R area of most recent Up WRB Hidden GAP on the 1min chart and 3min chart
[15:14:16] <@wrbtrader> I'm done for the day.
[15:14:22] <@wrbtrader> Take care all and see all tomorrow
[15:14:38] <Cayden> thanks WRB L8TR
Session Close: Thu Apr 24 19:57:34 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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