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 Post subject: May 6th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue May 06, 2014 10:10 pm 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2933
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.

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

050614-Key-Price-Action-Markets.png [ 954.95 KiB | Viewed 177 times ]

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

Session Start: Tue May 06 08:27:09 2014
Session Ident: ##TheStrategyLab
[08:27:09] * Now talking in ##TheStrategyLab
[08:27:09] * 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'
[08:27:09] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:27:09] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:35:39] <wrbtrader> Shorts Emini TF @ 1117.30 -> small size
[08:35:50] <wrbtrader> 3 contracts
[09:27:12] <Cayden> GM
[09:29:50] <wrbtrader> tighten stop/loss
[09:30:33] <wrbtrader> Shorts Emini TF @ 1117.70 -> Add
[09:30:45] <wrbtrader> 3 added
[09:30:51] <wrbtrader> WRB pt1 reached
[09:32:16] <wrbtrader> Covered 1/2 Emini TF Short @ 1116.90 --> + 0.8
[09:33:00] <wrbtrader> Covered Remainder Emini TF Short @ 1116.80 --> + 0.5
[09:33:28] <wrbtrader> same problem again today...those infamous "snap backs"
[09:33:34] <wrbtrader> or strange chop
[09:33:52] <TigermanTrader> gm all
[09:36:23] <wrbtrader> Shorts Emini TF @ 1117.40 -> medium size
[09:36:34] <wrbtrader> 2+2 contracts
[09:36:36] <wrbtrader> re-entry
[09:36:38] <Cayden> The only Zones I have are above price - one from ON Reg Gap - 1 from 8:30 KME
[09:41:10] <wrbtrader> Covered 3/4 Emini TF Short @ 1112.70 --> + 4.7
[09:41:14] <wrbtrader> WRB pt1 reached
[09:41:59] <wrbtrader> I think that's the biggest WRB pt1 that I've captured in a few weeks
[09:42:17] <wrbtrader> Usually something over +3 points is like a WRB pt2 at the minium
[09:43:25] <wrbtrader> snap back
[09:46:58] <wrbtrader> Covered Remainder Emini TF Short @ 1116.40 --> + 1
[09:47:54] <wrbtrader> Down strong continuation price action still active on the 5min chart of the Emini Futures all session
[09:48:10] <tradermo> long nq 3588
[09:48:18] <T4n> lower ints setting up support
[09:48:25] <wrbtrader> Lets see if the current counter-thrust upwards will stall or pick up steam and go higher
[09:49:34] <wrbtrader> Long Emini TF @ 1118.20 -> small size
[09:49:42] <wrbtrader> 2 contracts
[09:50:30] <tradermo> adding 3587
[09:50:35] <wrbtrader> Exited all Emini TF Long @ 1117.00 --> - 1.2
[09:50:59] <wrbtrader> Shorts Emini TF @ 1115.80 -> medium size
[09:51:11] <wrbtrader> 1+3 contracts
[09:51:19] <wrbtrader> looks like a stall
[09:52:44] <T4n> lost charts :(
[09:52:59] <wrbtrader> Covered all Emini TF Short @ 1114.10 --> + 1.7
[09:53:10] <wrbtrader> not a WRB pt1
[09:53:27] <wrbtrader> spooked out early due to fear of another "snap back"
[09:53:43] <Cayden> BB-LTR
[09:57:00] <wrbtrader> volatility declining and range getting smaller in the Eminis
[09:59:08] <TigermanTrader> pending news in 1 minute
[10:00:07] <wrbtrader> Emini YM still sluggish
[10:01:36] <wrbtrader> Shorts Emini TF @ 1116.00 -> medium size
[10:01:44] <wrbtrader> 4 contracts
[10:02:00] <wrbtrader> intuition
[10:02:53] <wrbtrader> volatility showed up and then as soon as I enter a trade...it chops around
[10:02:55] <wrbtrader> :(
[10:04:33] <wrbtrader> Covered all Emini TF Short @ 1116.90 --> - 0.9
[10:05:31] <wrbtrader> Long Emini TF @ 1116.30 -> medium size
[10:06:15] <wrbtrader> 4 contracts
[10:06:39] <wrbtrader> Exited all Emini TF Long @ 1115.40 --> - 0.9
[10:08:01] <wrbtrader> Shorts Emini TF @ 1115.20 -> medium size
[10:08:14] <wrbtrader> 4 contracts
[10:10:43] <wrbtrader> Covered all Emini TF Short @ 1114.70 --> + 0.5
[10:10:48] <T4n> vicious snap
[10:12:02] <wrbtrader> what's up with YM
[10:12:15] <T4n> flatlining
[10:12:27] <wrbtrader> It's acting like its scared of something
[10:13:29] <wrbtrader> Shorts Emini TF @ 1116.20 -> large size
[10:13:40] <wrbtrader> 4+2 contracts
[10:13:42] <wrbtrader> re-entry
[10:14:43] <T4n> djx flat
[10:14:50] <wrbtrader> Covered 1/2 Emini TF Short @ 1116.20 --> 0
[10:14:51] <T4n> markets mostly sideways
[10:15:09] <T4n> maybe it will corner some shorts
[10:15:53] <wrbtrader> YM showing a little life now...increasing volatility
[10:16:14] <wrbtrader> Covered Remainder Emini TF Short @ 1117.20 --> - 1
[10:16:38] <T4n> its first real try to get out of chop
[10:16:42] <wrbtrader> range now set
[10:17:01] <wrbtrader> can't do anything until the range is broken
[10:17:36] <TigermanTrader> also not strong news here to shake up
[10:18:11] <T4n> cl vol expanding
[10:30:34] <t4n2> too many net problems
[10:30:39] <t4n2> bbl
[10:31:10] <tradermo> exit half nq 3592
[10:53:10] <wrbtrader> Shorts Emini TF @ 1116.90 -> large size
[10:53:22] <wrbtrader> 6 contracts
[10:55:33] <wrbtrader> Covered Emini TF Short @ 1114.90 --> + 2
[10:55:38] <wrbtrader> Holding 1 contract remainder
[10:56:12] <wrbtrader> WRB pt1 reached
[10:56:24] <wrbtrader> Covered Remainder Emini TF Short @ 1114.70 --> + 2.2
[10:57:35] <tradermo> exit nq reminder at 3578
[11:06:58] <tradermo> short nq 3576
[11:08:47] <wrbtrader> Shorts Emini TF @ 1113.30 -> medium size
[11:09:01] <wrbtrader> 4 contracts
[11:09:22] <tradermo> keeping nq stop at 3581.5 - s area of 5min down wrb hg
[11:11:12] <wrbtrader> Covered all Emini TF Short @ 1113.60 --> - 0.3
[11:20:08] <tradermo> moving nq stop to 3581.75
[11:24:27] <tradermo> adding to nq short at 3579
[11:39:43] <t4n> vol trying to expand
[11:40:00] <t4n> poor time of day to trade
[11:42:33] <TigermanTrader> take care all
[11:55:57] <t4n> nearing 12pm
[11:59:06] <tradermo> all nq stopped at 3581.75
[12:00:51] <tradermo> probably more chop over lunch
[12:41:19] <tradermo> short nq 3580
[12:42:18] <tradermo> tight stop at 3583.25
[13:25:40] <wrbtrader> Shorts Emini TF @ 1113.20 -> medium size
[13:25:46] <wrbtrader> 2+2 contracts
[13:26:19] <@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.
[13:26:40] <tradermo> exit half nq 3571
[13:27:13] <@wrbtrader> WRB pt1 reached
[13:30:21] <@wrbtrader> Covered all Emini TF Short @ 1111.20 --> + 2
[13:31:21] <@wrbtrader> Dollar Falls to Lowest Since October on Lower Yields (Bloomberg) @ http://www.bloomberg.com/news/2014-05-0 ... tlook.html
[13:38:55] <@wrbtrader> Shorts Emini TF @ 1111.40 -> medium size
[13:39:04] <@wrbtrader> volatility increasing again
[13:39:10] <@wrbtrader> 4 contracts
[13:39:15] <tradermo> exit rest nq 3566
[13:41:42] <@wrbtrader> WRB pt1 reached
[13:42:46] <@wrbtrader> Covered 3/4 Emini TF Short @ 1108.60 --> + 2.8
[13:42:54] <@wrbtrader> WRB pt2 reached
[13:44:55] <@wrbtrader> Covered Remainder Emini TF Short @ 1107.20 --> + 4.2
[13:45:29] <tradermo> left too much on the table :(
[13:46:05] <@wrbtrader> Easy to do with those "snap backs" lurking around the corner...
[13:46:24] <@wrbtrader> putting in enough fear (early exits)
[13:46:41] <tradermo> yes !
[13:46:48] <@wrbtrader> I've left a lot of money on the table the past few trading days because of such.
[13:59:47] <@wrbtrader> Shorts Emini ES @ 1864.75 -> large size
[14:00:01] <@wrbtrader> 10 contracts
[14:00:55] <@wrbtrader> WRB pt1 reached
[14:01:40] <@wrbtrader> Covered Emini ES Short @ 1863.75 --> + 1
[14:05:58] <@wrbtrader> strong continuation DOWN price action still has some volatility increasing
[14:06:08] <@wrbtrader> in the Emini futures
[14:06:31] <@wrbtrader> Gold GC futures has been ugly (not doing much) all trading day
[14:07:20] <@wrbtrader> although it did have some nice price movement between 2am - 7am est when I was asleep
[14:07:43] <@wrbtrader> Take care all and see all tomorrow
Session Close: Tue May 06 21:19:49 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 Qu├ębec, 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
Go Back To TheStrategyLab.com Homepage

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