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 Post subject: May 2nd Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue May 06, 2014 1:15 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)
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:
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140502160625-dow-405p-620xa[1].png [ 21.48 KiB | Viewed 275 times ]

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

Session Start: Fri May 02 09:25:36 2014
Session Ident: ##TheStrategyLab
[09:25:36] * Now talking in ##TheStrategyLab
[09:25:36] * 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'
[09:25:36] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:25:36] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:04] <T4n> Good job numbers
[09:30:54] <wrbtrader> I'm watching very closely the range of that big Up WRB Hidden GAP on the 0830am est KME
[09:32:09] <wrbtrader> Shorts Emini TF @ 1123.00 -> large size
[09:32:18] <wrbtrader> 10 contracts
[09:32:50] <wrbtrader> Emini TF futures has fallen below the S area of that mentioned Up WRB Hidden GAP
[09:34:02] <wrbtrader> snap back
[09:34:45] <wrbtrader> Covered all Emini TF Short @ 1124.50 --> - 1.5
[09:34:51] <wrbtrader> back above the S area
[09:34:55] <Cayden> taking on the look of a FVB
[09:35:30] <Cayden> i was refering to the 1 minute TF
[09:36:16] <wrbtrader> above the R area of the mentioned Up WRB Hidden GAP
[09:36:39] <wrbtrader> hopefully it doesn't just bounce up and down between those R/S areas :(
[09:37:10] <wrbtrader> Long Emini TF @ 1126.80 -> large size
[09:37:41] <wrbtrader> 4+6 contracts
[09:37:56] <wrbtrader> :(
[09:39:01] <wrbtrader> one of these R/S area breakouts gotta pick up steam to prevent having a long day of range bound chop between the R/S areas
[09:40:28] <wrbtrader> Exited 1/2 Emini TF Long @ 1128.70 --> + 1.9
[09:41:57] <wrbtrader> Exited Remainder Emini TF Long @ 1127.70 --> + 0.9
[09:44:47] <wrbtrader> Yep, Eminis having a lot of difficult breaking away from those R/S areas of that 0830am est KME
[09:45:29] <wrbtrader> Long Emini ES futures @ 1881.50 large size 25 contracts
[09:46:01] <tradermo> short nq 3596
[09:46:08] <wrbtrader> Long Emini TF @ 1127.50 -> medium size
[09:46:26] <wrbtrader> 4 contracts (chasing)
[09:46:50] <wrbtrader> should have been Long in Emini TF with the Emini ES position
[09:47:48] <wrbtrader> Exit Emini ES futures @ 1883.00 --> +2.50
[09:48:09] <wrbtrader> correction +1.50
[09:48:49] <wrbtrader> Exited all Emini TF Long @ 1127.70 --> + 0.2
[09:49:03] <wrbtrader> trail pick pocketed
[09:50:08] <wrbtrader> Price range of the KME event has a strong hold on today's price action so far in the Emini futures
[09:50:19] <T4n> nq gap filled
[09:53:39] <wrbtrader> Once again, Emini NQ futures correlation with the other Eminis is strange
[09:54:03] <wrbtrader> Long Emini TF @ 1127.80 -> medium size
[09:54:13] <wrbtrader> 4 contracts
[09:55:17] <wrbtrader> Exited all Emini TF Long @ 1126.80 --> - 1
[09:57:37] <wrbtrader> Shorts Emini TF @ 1126.30 -> large size
[09:57:53] <tradermo> exit nq 3579
[09:57:55] <wrbtrader> Emini NQ is just slowly bringing everything down
[09:58:01] <wrbtrader> 6 contracts
[09:59:14] <wrbtrader> Covered 2/3 Emini TF Short @ 1125.40 --> + 0.9
[09:59:31] <wrbtrader> Covered Remainder Emini TF Short @ 1125.90 --> + 0.4
[09:59:59] <wrbtrader> snap back again
[10:01:17] <wrbtrader> :(
[10:05:19] <wrbtrader> lots of long shadow intervals today so far
[10:05:40] <wrbtrader> Long Emini TF @ 1128.30 -> medium size
[10:05:47] <wrbtrader> 2+2 contracts
[10:08:08] <wrbtrader> WRB pt1 reached
[10:08:51] <wrbtrader> Exited 3/4 Emini TF Long @ 1131.00 --> + 2.7
[10:09:26] <wrbtrader> Exited Remainder Emini TF Long @ 1131.20 --> + 2.9
[10:20:46] <T4n> i'll take what i have got and call it a day, take care all
[10:24:14] <tradermo> long ym 16537
[10:28:22] <tradermo> exit ym 16522
[10:33:17] <tradermo> short nq 3588
[10:35:52] <tradermo> short ym 16520
[10:43:30] <tradermo> exit nq 3585
[10:46:02] <@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.
[10:46:57] <tradermo> exit ym 16480
[10:50:10] <@wrbtrader> Shorts Emini TF @ 1126.10 -> medium size
[10:50:18] <@wrbtrader> 4 contracts
[10:50:31] <@wrbtrader> Today starting to feel like its "whack a mole" day
[10:50:56] <@wrbtrader> whenever volatility pops up...just whack it and see what happens :)
[10:51:36] <@wrbtrader> Covered all Emini TF Short @ 1125.60 --> + 0.5
[10:53:39] <@wrbtrader> Shorts Emini TF @ 1126.30 -> medium size
[10:53:59] <@wrbtrader> 4 contracts
[10:54:06] <@wrbtrader> intuition
[10:55:59] <@wrbtrader> strange chop again
[10:56:51] <@wrbtrader> Covered all Emini TF Short @ 1127.50 --> - 1.2
[10:57:53] <@wrbtrader> Long Emini TF @ 1127.80 -> medium size
[10:58:15] <@wrbtrader> 4 contracts
[10:59:55] <@wrbtrader> Exited all Emini TF Long @ 1128.70 --> + 0.9
[11:00:49] <@wrbtrader> Shorts Emini TF @ 1127.40 -> large size
[11:02:44] <@wrbtrader> Covered all Emini TF Short @ 1129.70 --> - 2.3
[11:02:54] <@wrbtrader> 5+1 contracts
[11:04:13] <@wrbtrader> Long Emini TF @ 1129.80 -> large size
[11:04:28] <@wrbtrader> 4+2 contracts
[11:05:57] <@wrbtrader> Exited all Emini TF Long @ 1130.00 --> + 0.2
[11:06:22] <tradermo> short ym 16485
[11:06:36] <@wrbtrader> Long Emini TF @ 1130.50 -> large size
[11:07:22] <@wrbtrader> Its very difficult to do re-entries in this type of price action because it moves too fast to get a decent entry or too fast to add on to the re-entry
[11:07:55] <@wrbtrader> 3+3 contracts
[11:11:06] <@wrbtrader> Exited all Emini TF Long @ 1129.00 --> - 1.5
[11:12:17] <@wrbtrader> Short Emini ES futures @ 1877.25 large size
[11:12:37] <@wrbtrader> 10+20 contracts
[11:13:50] <tradermo> away for a bit - keeping ym stop at 16511
[11:16:01] <@wrbtrader> Exit Emini ES futures @ 1876.25 --> +1.00
[11:18:49] <Cayden> wrb? when you take a 30 cantract position and you print 10+20 are you indicating your scale out posture?
[11:20:49] <@wrbtrader> sometimes
[11:21:36] <@wrbtrader> that particular trade had a (8+2) = 10 and then a (13+7) = 20 for a total of 30 contracts
[11:22:13] <@wrbtrader> I just type 10+20 only because I don't have the time to time the exact specific numbers like 8+2+13+7
[11:22:41] <@wrbtrader> Another example...
[11:22:48] <@wrbtrader> I may say 4 contracts Emini TF
[11:23:00] <@wrbtrader> in reality it may have filled as 2+1+1
[11:27:18] <Cayden> Copy that- Thanks kindly- Have a great weekend. off to the job- might crack open the lap top to visit L8TR- if?
[11:28:31] <@wrbtrader> Shorts Emini TF @ 1129.00 -> large size
[11:29:07] <@wrbtrader> 8+2 contracts
[11:30:07] <@wrbtrader> watch out for the snap back
[11:31:20] <@wrbtrader> Covered 1/2 Emini TF Short @ 1128.40 --> + 0.6
[11:31:36] <@wrbtrader> Covered Remainder Emini TF Short @ 1128.60 --> + 0.4
[11:31:59] <@wrbtrader> I was ready for that one with a tight trail but that's not the problem...
[11:32:25] <@wrbtrader> The problem is that there's not an opportunity to exploit those "snap backs" for profits
[11:40:50] <@wrbtrader> Shorts Emini TF @ 1129.00 -> large size
[11:41:00] <@wrbtrader> 10 contracts re-entry
[11:42:25] <@wrbtrader> watch out for the snap back again :(
[11:43:24] <@wrbtrader> Covered 1/2 Emini TF Short @ 1127.70 --> + 1.3
[11:43:54] <@wrbtrader> Covered Remainder Emini TF Short @ 1127.90 --> + 1.1
[12:09:43] <robbin_banks> hi guys...
[12:26:48] <robbin_banks> can anyone see me?
[13:08:31] <robbin_banks> Mr Perry? anybody?..it says im logged on but i dont see anyone else
[13:33:05] <@wrbtrader> If you can't see anyone else on the right side of your mIRC...
[13:33:08] <@wrbtrader> something is wrong
[13:33:21] <@wrbtrader> unless you're not using mIRC
[13:33:55] <@wrbtrader> The mirc default is to show all users on the right side.
[13:34:20] <@wrbtrader> You can edit the default settings to NOT show other users in the room.
[13:34:58] <@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.
[13:36:21] <robbin_banks> OH hello MR P...no sir i can see the names listed in the upper right coner...i just didnt see anyone typing..no dialog...usually theres people typing trades and what not...but i see you there so where good...I just got off work early and thought i try to stop in and see how everyone was doing
[13:38:01] <@wrbtrader> usually traders aren't active this time of day
[13:38:39] <@wrbtrader> That's normal for the overall markets...even institutional firms don't trade as much this time of day UNLESS there's a big event (e.g. FOMC announcement)
[13:39:14] <@wrbtrader> Simply, depending on where you're at in North America...
[13:39:17] <@wrbtrader> Its lunch time
[13:39:20] <@wrbtrader> :)
[13:40:05] <robbin_banks> yes sir you are correct...it is lunch time...even here in texas
[13:40:31] <robbin_banks> I worked the night shift and ive lost all track of time
[13:43:32] <robbin_banks> Mr Perry..I have a question please sir...have you ever been able to distinguish why or when some valid zones get reacted to (with uncanny accuracy) and some zones price just passes right through? In all these years have you ever been able to tell why or which ones price will react too?
[13:44:30] <@wrbtrader> It's the same...
[13:44:48] <@wrbtrader> Prices passing through Zones can produce strong continuation trade signals
[13:45:24] <@wrbtrader> Prices retracing back after reaching a Zone can produce reversal trade signals
[13:45:41] <@wrbtrader> Simply, to me it doesn't matter if if reverses or passes through...
[13:46:07] <robbin_banks> yes i have noticed that nearly every time price passes through a zone it with an HG
[13:46:11] <@wrbtrader> I'm only concern if I get a trade signal when it reverses or if I get a trade signal for it to continue and pass through
[13:47:22] <robbin_banks> and these trade signals ( I dont want to devulge) paid customer info here) are all in the confirmationsignal chapter sir?
[13:47:37] <@wrbtrader> all at the forum
[13:48:02] <@wrbtrader> volatility spike in the Eminis
[13:48:36] <@wrbtrader> It's not behaving like those snap backs
[13:49:08] <@wrbtrader> overall volatility is still low
[13:49:31] <robbin_banks> thank you ..then i guess i need to go back and re read them again...i thought i could almost recite them by heart at this point but im missing something somewhere...thank you Mr. Perry
[14:02:22] <tradermo> exit ym 16430
[14:04:52] <tradermo> difficult to squeeze out more today
[15:48:52] <robbin_banks> have a good weekend all
[16:48:54] <@wrbtrader> Take care all and have a nice weekend
Session Close: Fri May 02 20:05:09 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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