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 Post subject: May 14th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed May 14, 2014 10:09 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
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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, 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:
051414-Key-Price-Action-Markets.png
051414-Key-Price-Action-Markets.png [ 921.04 KiB | Viewed 281 times ]

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

Session Start: Wed May 14 09:29:13 2014
Session Ident: ##TheStrategyLab
[09:29:13] * Now talking in ##TheStrategyLab
[09:29:13] * 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'
[09:29:13] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:29:13] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:35:29] <wrbtrader> Shorts Emini TF @ 1110.50 -> medium size
[09:35:40] <wrbtrader> 4 contracts
[09:36:20] <Tigerman> gm all
[09:36:32] <Cayden> GM
[09:36:52] <wrbtrader> Short Emini ES futures @ 1889.75 large size 20 contracts
[09:37:19] <T4n> i took the long and missed the short
[09:37:49] <wrbtrader> Exit all Emini ES futures @ 1890.00 --> -0.25
[09:37:59] <wrbtrader> Covered all Emini TF Short @ 1110.50 --> 0
[09:39:37] <wrbtrader> Shorts Emini TF @ 1110.60 -> large size
[09:39:46] <wrbtrader> 6 contracts
[09:39:49] <wrbtrader> re-entry
[09:40:04] <Cayden> EIA petro @ 10:30 east
[09:41:17] <wrbtrader> Covered all Emini TF Short @ 1112.40 --> - 1.8
[09:41:21] <Cayden> new daily highs NQ
[09:42:32] <Cayden> NQ fills reg session gap
[09:42:37] <tradermo__> short ym 16645
[09:43:47] <wrbtrader> Shorts Emini TF @ 1110.90 -> large size
[09:44:00] <wrbtrader> 6 contracts
[09:44:02] <wrbtrader> re-entry
[09:44:29] <wrbtrader> Short Emini ES futures @ 1890.75 large size 20 contracts
[09:44:37] <wrbtrader> re-entry
[09:45:03] <tradermo__> exit half 16634
[09:45:13] <T4n> qqq still working on its gap
[09:45:30] <wrbtrader> Exit all Emini ES futures @ 1890.75 --> -0.00
[09:46:20] <T4n> ls 1111.6
[09:46:37] <wrbtrader> Short Emini ES futures @ 1890.25 large size 20 contracts
[09:46:41] <wrbtrader> re-entry
[09:47:01] <Cayden> YM cracking lows
[09:47:09] <wrbtrader> Covered all Emini TF Short @ 1110.70 --> + 0.2
[09:47:17] <tradermo__> unfilled tf gap underneath
[09:47:25] <Cayden> NQ sniifing around highs
[09:47:40] <wrbtrader> a ton of chop
[09:47:51] <Cayden> maybe another range bound day
[09:48:20] <T4n> e 1109.6
[09:49:18] <wrbtrader> Shorts Emini TF @ 1108.70 -> large size
[09:50:32] <wrbtrader> Covered all Emini TF Short @ 1108.50 --> + 0.2
[09:50:54] <wrbtrader> Exit all Emini ES futures @ 1888.75 --> +0.50
[09:51:32] <tradermo__> exit ym 16621
[09:52:16] <wrbtrader> Shorts Emini TF @ 1109.90 -> large size
[09:52:28] <wrbtrader> 6 contracts re-entry
[09:53:50] <wrbtrader> Covered all Emini TF Short @ 1111.00 --> - 1.1
[09:54:41] <wrbtrader> Long Emini TF @ 1111.40 -> large size
[09:54:54] <wrbtrader> 6 contracts
[09:55:13] <T4n> ls 1111.4
[09:57:05] <T4n> e 1109.6
[09:57:49] <wrbtrader> Exited all Emini TF Long @ 1111.30 --> - 0.1
[09:58:06] <wrbtrader> Long Emini TF @ 1111.50 -> large size
[09:58:16] <wrbtrader> 6 contracts
[09:58:19] <wrbtrader> re-entry
[09:58:24] <wrbtrader> still a ton of chop
[09:58:48] <wrbtrader> I didn't trade yesterday...I hope if wasn't choppy like this too
[09:59:58] <tradermo__> short ym 16639
[10:01:15] <Cayden> pretty choppy yes- except 10:40 to 11:40- then it was choppy down
[10:01:48] <Tigerman> terrible choppy not a good price action x me
[10:02:49] <wrbtrader> :(
[10:02:52] <Cayden> thats why I caution a tight range bound day-
[10:03:38] <wrbtrader> QQQ is above its regular session gap but is starting to stall
[10:03:49] <wrbtrader> :(
[10:05:40] <wrbtrader> Exited all Emini TF Long @ 1114.20 --> + 2.7
[10:06:36] <wrbtrader> Shorts Emini TF @ 1113.10 -> large size
[10:06:44] <wrbtrader> geeesh
[10:07:00] <wrbtrader> looking for a Houdini Escape
[10:08:10] <wrbtrader> Covered all Emini TF Short @ 1112.60 --> + 0.5
[10:08:27] <wrbtrader> that was a trade error
[10:08:36] <wrbtrader> lucky exit
[10:08:52] <Cayden> what chapter can I find that? :-)
[10:09:02] <Tigerman> yeah good excape
[10:11:34] <wrbtrader> Its called "contracting volatility"
[10:12:02] <wrbtrader> It showed up between 1112.50 - 1112.70
[10:12:16] <wrbtrader> allowing for a lucky exit when it got stuck in that range
[10:12:39] <tradermo__> exit half ym 16629
[10:12:41] <wrbtrader> Shorts Emini TF @ 1111.40 -> large size
[10:12:50] <wrbtrader> 6 contracts
[10:13:36] <wrbtrader> WRB pt1 reached
[10:13:45] <wrbtrader> first one of the trading day for me
[10:14:11] <tradermo__> tf gap not filled yet
[10:14:14] <wrbtrader> starting to stall :(
[10:15:00] <wrbtrader> The chop makes it difficult to do a stop adjustment
[10:17:04] <tradermo__> exit all ym 166616
[10:17:08] <wrbtrader> Covered 1/2 Emini TF Short @ 1109.30 --> + 2.1
[10:17:16] <wrbtrader> WRB pt2 reached
[10:17:17] <tradermo__> 16616
[10:17:27] <wrbtrader> another luck exit...
[10:17:39] <wrbtrader> I almost dumped the entire trade @ 1111.10
[10:17:57] <tradermo__> tf now working on gap fill
[10:18:27] <wrbtrader> when it started to contract in its volatility @ 1110.90
[10:19:33] <tradermo__> exited ym early because of strange stall
[10:21:01] <wrbtrader> WRB pt3 reached
[10:21:21] <wrbtrader> Covered Remainder Emini TF Short @ 1106.30 --> + 5.1
[10:22:03] <tradermo__> tf gap almost filled
[10:33:23] <Cayden> don't we need 1117.7? to fill TF reg session gap?
[10:36:46] <wrbtrader> Depends on your data provider
[10:37:05] <wrbtrader> Some stop at 4:15pm est as the close of the regular session
[10:37:19] <wrbtrader> Others stop @ 4:00pm est as the close of the regular session
[10:38:24] <tradermo__> just to clarily, i was talking about gap below from Monday
[10:38:34] <tradermo__> clarify
[10:39:27] <tradermo__> tf still working on it
[10:43:58] <wrbtrader> Shorts Emini TF @ 1107.30 -> small size
[10:44:07] <wrbtrader> 1+2 contracts
[10:44:59] <wrbtrader> Covered all Emini TF Short @ 1107.80 --> - 0.5
[10:45:21] <Cayden> Thanks Guys- I see it- I wasn't monitoring the Monday Gap - but now that I took a peak I probably would have negated it with yesterdays price action.
[10:46:12] <Tigerman> CL up spike
[10:58:59] <tradermo__> gaps are quite powerful, tf making another attempt to finish it off
[11:01:31] <Cayden> Right- I do aree with that- I'll leave a gap that price filled and the market still seems to repect it- yep. Good point.
[11:02:11] <tradermo__> sadly need to run, back later
[11:04:23] <Cayden> L8TR
[11:09:00] <Cayden> And I do see the gap you spoke of- 1104.6- you dont have to tell me 4 times- :-)
[11:12:57] <Tigerman> take care see next time
[11:14:47] <wrbtrader> Shorts Emini TF @ 1107.90 -> small size
[11:14:59] <wrbtrader> 3 contracts
[11:15:20] <wrbtrader> This chop has put a lot of fear in my trading today
[11:19:25] <wrbtrader> Covered all Emini TF Short @ 1108.90 --> - 1
[11:22:23] <Cayden> fair amount of pre market KMEs tomorrow- maybe we pop through the tight ranges tomorrow- IDK
[11:40:22] <wrbtrader> Long Emini TF @ 1111.00 -> small size
[11:40:29] <wrbtrader> 3 contracts
[11:40:33] <wrbtrader> intuition trade
[11:50:55] <wrbtrader> Exited all Emini TF Long @ 1110.00 --> - 1
[11:55:56] <wrbtrader> Shorts Emini TF @ 1107.60 -> large size
[11:56:12] <wrbtrader> 3+3 contracts
[11:56:16] <wrbtrader> :(
[11:57:59] <wrbtrader> Covered 1/2 Emini TF Short @ 1107.20 --> + 0.4
[11:59:23] <wrbtrader> Covered Remainder Emini TF Short @ 1107.10 --> + 0.5
[11:59:30] <wrbtrader> geesh
[12:10:07] <Cayden> going to take some WRB notes on the trail- gonna get out for a long hike before work- C U L8TR- going to eat 'chop suey' for lunch- :-)
[13:24:58] <wrbtrader> Shorts Emini TF @ 1108.30 -> small size
[13:25:18] <wrbtrader> 3 contracts
[13:27:56] <wrbtrader> volatility gone again
[13:28:12] <wrbtrader> It looked promising when it spun around and headed downward
[13:28:34] <wrbtrader> tightning stop loss for those pending "strange chop"
[13:33:48] <wrbtrader> Covered all Emini TF Short @ 1108.00 --> + 0.3
[13:33:58] <wrbtrader> WRB pt1 (shallow) reached
[13:34:31] <wrbtrader> Be back later...ran out of time on this trade
[13:34:43] * wrbtrader is now known as wrbtrader_away
[14:45:52] <tradermo__> tf done with gap fill
[14:51:45] <wrbtrader_away> Shorts Emini TF @ 1102.10 -> large size
[14:52:38] <wrbtrader_away> 6 contracts
[14:52:50] * wrbtrader_away is now known as wrbtrader
[14:54:01] <tradermo__> long EEM 42.78
[14:55:33] <tradermo__> tight stop 42.70 - mid of 5 min wrb hg
[14:57:02] <wrbtrader> Short Emini ES futures @ 1887.25 large size 20 contracts
[14:58:07] <wrbtrader> Covered all Emini TF Short @ 1101.80 --> + 0.3
[15:00:42] <wrbtrader> Exit all Emini ES futures @ 1886.75 --> +0.50
[15:06:31] <wrbtrader> Shorts Emini TF @ 1102.80 -> large size
[15:06:50] <wrbtrader> 6 contracts
[15:07:04] <tradermo__> adding to EEM long at 42.77
[15:08:00] <wrbtrader> There must be a specific (accurate) reason for all of this "strange chop" and LESS correlations amongst the Emini futures
[15:08:19] <wrbtrader> Its been happening for a few months now.
[15:08:31] <wrbtrader> Thus, it can't just be "random" price action
[15:09:13] <tradermo__> i think there are still some stubborn buyers here
[15:09:26] <tradermo__> even though big guys seems to be selling
[15:09:36] <wrbtrader> volatility dropping fast and TF is barely reacting
[15:09:50] <wrbtrader> WRB pt1 reached
[15:10:59] <wrbtrader> Covered 1/2 Emini TF Short @ 1101.80 --> + 1
[15:11:36] <wrbtrader> Covered Remainder Emini TF Short @ 1102.80 --> 0
[15:11:39] <tradermo__> in theory we could reverse because tf gap fill is done
[15:11:43] <wrbtrader> It just did it again
[15:11:53] <tradermo__> but would not bet my farm on it
[15:35:27] <tradermo__> moving stop to 42.69 on EEM
[15:38:16] <tradermo__> exit all EEM at 42.69 - sad to exit given that i has been holding up nicely
[15:39:48] <@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.
[15:59:01] <@wrbtrader> Just a tight trading range into the 4pm est rush hour traffic
[16:00:24] <tradermo__> hm, my EEM stop was just 1 tick too tight :(
[16:00:51] <@wrbtrader> Shorts Emini TF @ 1100.50 -> small size
[16:00:59] <@wrbtrader> 1 contract
[16:05:04] <@wrbtrader> Covered Emini TF Short @ 1100.30 --> + 0.2
[16:05:39] <@wrbtrader> Not much of a 4pm est rush hour traffice. Take care all and see all tomorrow
Session Close: Wed May 14 18:51:29 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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