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 Post subject: May 15th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri May 16, 2014 6:13 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
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, 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:
051514-Key-Price-Action-Markets.png
051514-Key-Price-Action-Markets.png [ 861.7 KiB | Viewed 285 times ]

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

Session Start: Thu May 15 09:25:52 2014
Session Ident: ##TheStrategyLab
[09:25:52] * Now talking in ##TheStrategyLab
[09:25:52] * 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'
[09:25:52] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:25:52] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:26:17] <Cayden> Pre market eco: 8:30 east- Continuing Jobless Claims, Initial Jobless Claims, Ny Empire State Manufacturing Index, Core Inflation Rate MoM, Inflation Rate MoM, Core Inflation Rate YoY, Inflation Rate YoY, 9:00 east- Net Long-term Tic Flows Overall Net Capital Flows, 9:15 east- Industrial Production YoY, Manufacturing Production YoY, Capacity Utilization, Industrial Production MoM,
[09:26:17] <Cayden> Cash market hours: 10:00 east- Philadelphia Fed Manufacturing Index, NAHB Housing Market Index, 10:20 east EIA Natural Gas Stocks Chg
[09:27:57] <@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.
[09:32:25] <T4n> advance decline have different gap opens
[09:32:46] <Cayden> NQ fills reg sess gap
[09:33:38] <Cayden> nq reverses hard- too
[09:34:18] <@wrbtrader> Shorts Emini TF @ 1092.60 -> large size
[09:34:32] <@wrbtrader> 6+3 contracts
[09:35:02] <@wrbtrader> :(
[09:35:10] <@wrbtrader> same problem...geeesh
[09:35:33] <@wrbtrader> as yesterday and all the days before
[09:35:58] <@wrbtrader> Covered all Emini TF Short @ 1093.80 --> - 1.2
[09:36:40] <tradermo__> short ym 16545
[09:37:01] <@wrbtrader> Eminis just not on the same page with each other
[09:37:53] <@wrbtrader> Shorts Emini TF @ 1092.60 -> large size
[09:37:56] <tradermo__> exit all half ym 16527
[09:38:21] <@wrbtrader> Short Emini ES futures @ 1879.00 large size 25 contracts
[09:38:57] <@wrbtrader> Emini TF 6 contracts
[09:39:10] <@wrbtrader> Shorts Emini TF @ 1092.80 -> Add
[09:39:15] <@wrbtrader> 3 added
[09:39:36] <@wrbtrader> one of these needs to move to prevent me from dumping everything
[09:40:05] <tradermo__> exit rest ym 16518
[09:41:17] <@wrbtrader> Covered Emini TF Short @ 1090.40 --> + 4.6
[09:41:23] <@wrbtrader> Holding 3 contract remainders
[09:41:36] <tradermo__> :(
[09:42:15] <@wrbtrader> +2.2 on Emini TF 6 contracts (not +4.6)
[09:42:42] <@wrbtrader> Exit all Emini ES futures @ 1876.00 --> +3.00
[09:42:53] <@wrbtrader> WRB pt1 reached on Emini ES futures
[09:43:11] <@wrbtrader> still holding Emini TF futures 3 contracts
[09:43:22] <@wrbtrader> :(
[09:43:53] <@wrbtrader> trying to chop back upwards
[09:44:48] <Cayden> syncing up a bit here
[09:46:10] <@wrbtrader> Covered remainders Emini TF Short @ 1089.80 --> + 3.00
[09:46:17] <@wrbtrader> WRB pt2 reached
[09:47:13] <@wrbtrader> lucky exit because I almost dumped it @ 1091.00 a few minutes ago when it looked like that "strange chop" was going to show up again.
[09:47:34] <Cayden> very nice- nimble work
[09:48:11] <@wrbtrader> That's the FEAR I talked about yesterday that's been growing for me the past month while trading when that "strange chop" shows up.
[09:48:27] <@wrbtrader> resulting in early exits at the worst possible prices
[09:48:31] <Cayden> NQ leading her downward
[09:49:26] <T4n> ad up gap about to fill
[09:49:47] <Cayden> bird in the hand- its great to know there's still profits in a fast fickle opening- nimble it is
[09:51:35] <@wrbtrader> 1000am est KME around the corner
[09:53:29] <Cayden> QQQ sitting in a i hour zone from Monday
[09:53:40] <Cayden> 1 hour zone
[09:53:59] <@wrbtrader> Shorts Emini TF @ 1084.10 -> large size
[09:54:15] <@wrbtrader> 6 contracts
[09:54:22] <@wrbtrader> intuition
[09:55:44] <@wrbtrader> Covered 1/2 Emini TF Short @ 1082.50 --> + 1.6
[09:57:31] <@wrbtrader> Covered Remainder Emini TF Short @ 1083.60 --> + 0.5
[10:00:08] <tradermo__> exited way too early on this ym trade, need to work on that :(
[10:01:00] <tradermo__> ym weaker than nq
[10:02:56] <T4n> 10 am was fed survey? not much from it yet
[10:03:10] <@wrbtrader> I just saw a real-time tweet about the VIX being halted (circuit-breaker kicked in)
[10:04:37] <T4n> ss 1083.3
[10:04:57] <@wrbtrader> Must not be true because my VIX is still moving unless its about something else associated with the VIX
[10:05:27] <T4n> stop .1
[10:06:47] <@wrbtrader> Shorts Emini TF @ 1082.00 -> small size
[10:06:58] <@wrbtrader> 3 contracts
[10:07:05] <@wrbtrader> WRB pt1 reached
[10:07:56] <T4n> rough snap back
[10:09:26] <@wrbtrader> Thus interval could turn into a "first WRB Hidden GAP" interval after the 1000am est KME
[10:09:40] <@wrbtrader> 2min chart
[10:09:52] <tradermo__> nq Monday gap now filled too
[10:10:02] <@wrbtrader> WRB pt1 reached
[10:10:13] <@wrbtrader> meant WRB Hidden GAP pt1 reached
[10:10:50] <@wrbtrader> Covered all Emini TF Short @ 1079.00 --> + 3
[10:27:14] <Cayden> C U L8TR - nice work
[10:41:06] <@wrbtrader> Euro Declines to 11-Week Low Versus Dollar on ECB Bets (Bloomberg) @ http://www.bloomberg.com/news/2014-05-1 ... peaks.html
[10:42:04] <@wrbtrader> Jobless Claims in U.S. Reach Lowest Level in Seven Years (Bloomberg) @ http://www.bloomberg.com/news/2014-05-1 ... years.html
[10:42:56] <@wrbtrader> Long Emini TF @ 1084.50 -> small size
[10:43:07] <@wrbtrader> 1 contract
[10:44:30] <@wrbtrader> Long Emini ES futures @ 1868.25 small size 5 contracts
[10:45:49] <@wrbtrader> Exited Emini TF Long @ 1085.80 --> + 1.3
[10:46:13] <@wrbtrader> Exit all Emini ES futures @ 1868.25 --> + 0.00
[10:46:26] <@wrbtrader> :(
[10:46:37] <@wrbtrader> mismanage that Emini ES trade
[11:05:35] <@wrbtrader> Another long last sideways price action
[11:14:54] <robbin_banks> gm all
[11:15:19] <@wrbtrader> Shorts Emini TF @ 1080.50 -> small size
[11:15:29] <@wrbtrader> 1 contract
[11:16:31] <@wrbtrader> Covered Emini TF Short @ 1080.70 --> - 0.2
[11:16:50] <@wrbtrader> Shorts Emini TF @ 1080.70 -> medium size
[11:16:56] <@wrbtrader> 4 contracts
[11:17:12] <@wrbtrader> prior trade had a problem with my stop placement
[11:17:50] <@wrbtrader> There's that strange price action spike again :(
[11:18:04] <@wrbtrader> or strange chop
[11:18:40] <@wrbtrader> Covered all Emini TF Short @ 1082.00 --> - 1.3
[11:19:24] <@wrbtrader> Shorts Emini TF @ 1082.40 -> medium size
[11:19:30] <@wrbtrader> 4 contracts
[11:19:33] <@wrbtrader> re-entry
[11:20:47] <@wrbtrader> Covered all Emini TF Short @ 1082.50 --> - 0.1
[11:21:24] <@wrbtrader> Shorts Emini TF @ 1082.30 -> large size
[11:21:38] <@wrbtrader> 4+2 contracts
[11:21:42] <@wrbtrader> re-entry
[11:21:57] <@wrbtrader> difficult
[11:22:13] <@wrbtrader> brokers must be loving this the past few months
[11:23:42] <@wrbtrader> Covered 2/3 Emini TF Short @ 1081.10 --> + 1.2
[11:24:23] <@wrbtrader> Covered Remainder Emini TF Short @ 1081.00 --> + 1.3
[11:24:50] <@wrbtrader> S area retested on the most recent Up WRB Hidden GAP on the 1min chart
[11:39:57] <@wrbtrader> Long Emini TF @ 1084.70 -> small size
[11:40:24] <@wrbtrader> 1 contract
[11:40:48] <@wrbtrader> I may not get a 2nd change at this one
[11:41:08] <@wrbtrader> will try adding to it if it can turn back up
[11:42:29] <@wrbtrader> Exited Emini TF Long @ 1083.00 --> - 1.7
[11:42:58] <@wrbtrader> S area of most recent Up WRB Hidden GAP being retested
[11:43:22] <@wrbtrader> @ 1082.90
[11:43:30] <robbin_banks> yes sir long tf @1083.20 2 contracts
[11:43:46] <robbin_banks> hoping itll bounce off 2 min WRB
[11:44:47] <@wrbtrader> TF trying too hard to go back into the range of the strange price action between 1103am - 1133am est
[11:45:38] <robbin_banks> NQ price action diverging off same WRB as TF
[11:46:11] <t4n> ss 1082
[11:46:35] <@wrbtrader> NQ seems to be having the answers right now
[11:46:50] <robbin_banks> yes sir
[11:47:23] <robbin_banks> both es and ym all have same WRB in same place on 2 min
[11:48:12] <t4n> e 1081.7
[11:48:21] <t4n> low vol in prior ugly action
[11:49:29] <robbin_banks> price testing support of 2min TF wrb
[11:50:26] <@wrbtrader> Shorts Emini TF @ 1081.70 -> medium size
[11:50:35] <@wrbtrader> 3+1 contracts
[11:50:48] <@wrbtrader> Tough psychological trade for me...
[11:51:00] <@wrbtrader> Earlier I had a few losers in this price area
[11:51:38] <@wrbtrader> They started being profitable and then suddenly got nailed by one of those "strange fast chop price actions".
[11:52:30] <@wrbtrader> Covered all Emini TF Short @ 1081.50 --> + 0.2
[11:52:40] <@wrbtrader> that's an exit via FEAR
[11:52:50] <@wrbtrader> not a trail stop hit
[11:52:51] <robbin_banks> happened to me 3 times in row the other day so i just stopped all together
[11:53:29] <robbin_banks> ES is testing support of what i believe is a long tail shadow on 2 min
[11:54:20] <robbin_banks> oh sorry Mr P ...can i say that?
[11:54:39] <@wrbtrader> Shorts Emini TF @ 1081.40 -> medium size
[11:54:45] <robbin_banks> here?
[11:54:45] <@wrbtrader> 4 contracts
[11:54:48] <@wrbtrader> re-entry
[11:54:53] <@wrbtrader> hammering at it again
[11:56:02] <@wrbtrader> I would like to catch a WRB pt1 to make these past two trades worth the effort
[11:57:12] <@wrbtrader> Covered all Emini TF Short @ 1079.80 --> + 1.6
[11:57:14] <@wrbtrader> WRB pt1 reached
[11:59:00] <robbin_banks> on all 4 ..ES TF YM NQ
[11:59:22] <@wrbtrader> The spike again or stop killer
[12:28:13] <tradermo__> short ym 16388
[12:34:50] <tradermo__> exit ym 16409
[12:52:00] <tradermo__> short ym 16407
[13:02:52] <tradermo__> ym stop above 5min wrb hg 16422
[13:03:31] <tradermo__> chop or short cover possible above that
[13:17:39] <tradermo__> exit half ym 16386
[13:18:48] <tradermo__> keeping stop on remaining at 16422
[13:40:35] <tradermo__> exit all ym 16372
[13:54:16] <t4n> tf testing the top of the sideways range
[14:00:11] <t4n> ls 1088.8
[14:03:38] <t4n> e 1088.1
[14:22:11] <t4n> ss 1088.5
[14:24:36] <t4n> e 1090.3
[14:26:02] <t4n> ss 1089.6
[14:27:04] <t4n> e .2
[14:27:06] <t4n> .1
[14:34:07] <t4n> ss 1090.3
[14:35:58] <t4n> e 1092.2
[14:44:22] <t4n> ss 1091.4
[14:46:22] <t4n> lost my charts
[14:46:36] <t4n> no clue where price is
[14:48:18] <t4n> charts back, stop .1
[14:49:34] <t4n> testing low of prior WRBHG
[14:49:43] <t4n> exit 1091
[14:49:58] <tradermo__> short ym 16410
[14:51:18] <tradermo__> stop at 16427
[14:52:16] <tradermo__> sorry 16437
[14:52:41] <tradermo__> wide stop to allow for some stop hunting here
[14:54:03] <tradermo__> stop hunters want to make some money too :)
[15:15:48] <robbin_banks> have a good day all
[15:18:52] <t4n> ss 1092.5
[15:21:27] <t4n> e 1091.9
[15:37:48] <t4n> ls 1095.5
[15:38:14] <t4n> e .1
[15:40:27] <t4n> ls 1095.5
[15:41:11] <t4n> e .2
[15:44:22] <t4n> ls 1094.9
[15:47:10] <t4n> e 1094.5
[15:54:12] <@wrbtrader> Hopefully today's 4pm est rush hour traffic has more volatility than yesterday's.
[15:54:30] <@wrbtrader> Yesterday it was close to "nothing"
[15:57:45] <@wrbtrader> Long Emini TF @ 1093.60 -> small size
[15:58:06] <t4n> ss 1093.5
[15:58:08] <@wrbtrader> 1 contract
[15:58:50] <@wrbtrader> Exited Emini TF Long @ 1092.60 --> - 1
[15:59:04] <@wrbtrader> S area @ 1093.00
[15:59:19] <@wrbtrader> Long Emini TF @ 1093.20 -> small size
[15:59:25] <t4n> e 1093.2 :((((((((
[15:59:33] <@wrbtrader> 2 contracts
[16:00:13] <@wrbtrader> same like yesterday
[16:00:26] <@wrbtrader> It did try
[16:01:04] <@wrbtrader> Exited all Emini TF Long @ 1092.60 --> - 0.6
[16:01:25] <@wrbtrader> Take care all and see all tomorrow
[16:09:45] <tradermo__> exit ym 16420
Session Close: Thu May 15 20:17:34 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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