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 Post subject: May 20th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri May 23, 2014 7:59 am 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2729
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.

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

052014-Key-Price-Action-Markets.png [ 1.41 MiB | Viewed 91 times ]

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

Session Start: Tue May 20 08:00:43 2014
Session Ident: ##TheStrategyLab
[08:00:43] * Now talking in ##TheStrategyLab
[08:00:43] * 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'
[08:00:43] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:00:43] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:28:10] <@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.
[09:30:33] <Cayden> Good Morning
[09:30:35] <@wrbtrader> Good morning all
[09:31:03] <@wrbtrader> Obvious Down strong continuation price action "into" the regulare session open for the Emini futures
[09:31:17] <@wrbtrader> Shorts Emini TF @ 1108.70 -> large size
[09:31:28] <@wrbtrader> 6 contracts
[09:32:04] <@wrbtrader> Eminis now not insync with each other :(
[09:32:58] <@wrbtrader> Covered 1/2 Emini TF Short @ 1107.30 --> + 1.4
[09:33:06] <@wrbtrader> WRB pt1 reached
[09:34:25] <@wrbtrader> WRB pt2 reached
[09:34:39] <@wrbtrader> Too bad Emini ES futures didn't move with TF...
[09:34:54] <@wrbtrader> I would have put a very large position on the Emini ES futures trade
[09:35:09] <Tigerman__> gm all
[09:36:48] <tradermo> long nq 3608
[09:38:44] <tradermo> exit all 3608
[09:39:07] <@wrbtrader> Covered Emini TF Short @ 1104.20 --> + 4.5
[09:39:09] <@wrbtrader> Holding 1 contract remainder
[09:39:15] <@wrbtrader> WRB pt3 reached
[09:40:27] <Cayden> nice start!
[09:43:37] <@wrbtrader> Covered Remainder Emini TF Short @ 1102.50 --> + 6.2
[09:54:34] <@wrbtrader> Shorts Emini TF @ 1099.10 -> small size
[09:54:58] <@wrbtrader> 3 contracts
[09:55:10] <@wrbtrader> poor entry
[09:56:07] <tradermo> long nq 3600
[09:56:31] <@wrbtrader> this is a intuition trade
[09:57:20] <@wrbtrader> Covered all Emini TF Short @ 1098.50 --> + 0.6
[09:59:06] <T4n> ss 1098
[09:59:58] <T4n> e 1097.4
[10:11:53] <tradermo> exit all nq 3608
[10:15:02] <tradermo> short iwm 109.48
[10:18:24] <T4n> ss 1100
[10:19:55] <T4n> e 1099
[10:23:29] <tradermo> exit half iwm 109.26
[10:29:05] <tradermo> exit remaining iwm 109.01
[10:33:22] <@wrbtrader> Long Emini TF @ 1095.70 -> small size
[10:33:31] <@wrbtrader> 2 contracts
[10:33:56] <@wrbtrader> I'm not going to hang around in this Long postion too long because I still have a strong bearish bias
[10:34:35] <@wrbtrader> due to the obvioous overall Down strong continuation price action in the Emini futures
[10:35:05] <@wrbtrader> Exited all Emini TF Long @ 1096.70 --> + 1
[10:43:52] <@wrbtrader> Long Emini ES @ 1098.30 -> small size
[10:44:04] <@wrbtrader> 1 contract
[10:44:19] <@wrbtrader> :(
[10:45:15] <@wrbtrader> I'm looking for a Houdini Escape out of this Long position
[10:48:30] <@wrbtrader> Exited Emini TF Long @ 1098.40 --> + 0.1
[10:58:52] <@wrbtrader> Emini TF futures nearing the reaction high of 1018am est
[10:59:03] <@wrbtrader> @ 1101.00
[11:04:32] <@wrbtrader> Long Emini TF @ 1100.70 -> small size
[11:04:48] <@wrbtrader> 1 contract
[11:05:24] <@wrbtrader> I'm still not trusting this price action until it can get outside the range of this "low volatility" area
[11:10:33] <@wrbtrader> volatility has died :(
[11:11:30] <@wrbtrader> More signs its another one of those "low volatility" long enduring sideways price action
[11:14:18] <@wrbtrader> Exited Emini TF Long @ 1098.90 --> - 1.8
[11:41:42] <@wrbtrader> Long Emini TF @ 1100.00 -> small size
[11:41:50] <@wrbtrader> 1 contract
[11:41:52] <@wrbtrader> intuition
[11:42:06] <@wrbtrader> volatility increasing in Emini NQ...
[11:42:19] <@wrbtrader> I'm hoping the other Eminis wake up and start to follow
[11:43:34] <@wrbtrader> WRB pt1 reached
[11:44:04] <@wrbtrader> Exited Emini TF Long @ 1101.30 --> + 1.3
[11:44:56] <@wrbtrader> be back later
[11:45:21] <@wrbtrader> my network repair guy just showed up (5 hours late)
[12:02:55] <t4n> ss 1097.4
[12:04:48] <Tigerman__> sh iwm 109.16
[12:05:35] <t4n> e 1095.4
[12:06:51] <Tigerman__> exit sh iwm 109.16 at 109.10 +6 tk
[12:08:00] <Tigerman__> sh iwm 109.15
[12:09:11] <Tigerman__> exit iwm 109.18 - 3 tk trade error push by error
[12:11:20] <Tigerman__> sh iwm 109.16
[12:13:33] <Tigerman__> sh iwm 108.96 +20 tk
[12:25:03] <Tigerman__> that above is my exit on the short entry
[12:25:23] <Tigerman__> take care all see next time
[12:27:28] <@wrbtrader> Shorts Emini TF @ 1094.50 -> small size
[12:27:48] <@wrbtrader> 1 contract
[12:30:14] <@wrbtrader> Covered Emini TF Short @ 1093.80 --> + 0.7
[12:35:41] <t4n> we have a ground attack happening here in kandahar
[12:36:01] <t4n> guess we have some uninvited guests
[12:37:15] <tradermo> hm, that would be too much of a distraction for me
[12:39:17] <t4n> low volatility atm
[12:41:07] <t4n> i dont hear any shots or booms,
[12:44:11] <tradermo> then no problem as long as the connection is not blown up
[12:44:52] <tradermo> 1870 might have some buyers, hence not shorting into lunch
[12:52:47] <@wrbtrader> Thanks for the infor t4n
[12:53:01] <@wrbtrader> It just hit twitter now
[12:54:45] <t4n> you have a twitter feed for kandahar?
[12:55:07] <@wrbtrader> I use tweetdeck...
[12:55:21] <@wrbtrader> Just plug in the key words I want to follow in real-time
[12:55:35] <t4n> neat
[12:55:52] <@wrbtrader> The guy that posted was this one @ https://twitter.com/RonnyESmith
[12:56:32] <t4n> cool thanks
[12:56:54] <t4n> not big enough news to bump the market lol
[12:57:11] <@wrbtrader> Not like it use to be
[12:57:43] <@wrbtrader> When the U.S. first went into Afghanistan...
[12:58:06] <@wrbtrader> Gun battle news would move the Eminis on average about 3 - 5 points
[12:58:27] <t4n> yeah thats long past
[12:58:43] <@wrbtrader> In contrast, during the 2008 - 2009 financial fiasco...
[12:59:17] <@wrbtrader> Euro financial crisis and U.S. financial crisis news would move the Eminis on average about 8 - 9 points
[12:59:36] <@wrbtrader> Useful info when trying to ride a profitable trade
[12:59:54] <t4n> yep
[13:00:39] <@wrbtrader> News lately has been flat lately...almost as if any big news occurring globally...the markets are just too tired to react to it.
[13:00:50] <@wrbtrader> Reason why volatility (like the VIX) is horribly low
[13:01:23] <@wrbtrader> This allows for the big boys to pick apart the retail traders via those strange sudden "strange volatility spikes" that last less than a minute
[13:02:02] <t4n> i just try to avoid trading in the low vol
[13:02:16] <t4n> those audio alerts keep my mind fresh too
[13:02:30] <t4n> not bogged down looking at sideways stuff
[13:18:06] <tradermo> long nq 3594.5
[13:20:05] <tradermo> stop at 3586 - yesterdays 5min wrb hg support
[13:22:15] <tradermo> using stop 3585 - stop hunting possible
[13:22:23] <@wrbtrader> Shorts Emini TF @ 1090.80 -> medium size
[13:22:36] <@wrbtrader> 4 contracts
[13:22:39] <@wrbtrader> :(
[13:23:27] <tradermo> small size because countertrend
[13:23:52] <@wrbtrader> Covered all Emini TF Short @ 1090.70 --> + 0.1
[13:24:46] <@wrbtrader> That may have been one of the worst entries all month
[13:24:58] <@wrbtrader> got my charts mixed up
[13:25:07] <@wrbtrader> luckily to get out without a loss
[13:25:26] <tradermo> assuming nq longs flushed out, hence reversal possible although low prob
[13:30:24] <tradermo> stop to breakeven
[13:35:52] <tradermo> exit all nq 3594.5
[13:36:15] <tradermo> not much of a bounce
[13:40:11] <@wrbtrader> Shorts Emini TF @ 1092.40 -> large size
[13:40:27] <@wrbtrader> 1+4+1 contracts
[13:40:49] <t4n> i missed that one
[13:40:59] <@wrbtrader> volatility increasing after those long upper shadow intervals showed up
[13:42:27] <@wrbtrader> volatility now slowing
[13:43:29] <@wrbtrader> Covered 1/2 Emini TF Short @ 1089.30 --> + 3.1
[13:43:42] <@wrbtrader> WRB pt1 reached
[13:44:56] <@wrbtrader> now that the volatility in Emini TF has slowed down...
[13:45:13] <@wrbtrader> This is when those strange price action movements tend to show up
[13:45:25] <@wrbtrader> trailing @ profit
[13:47:34] <@wrbtrader> strange price action movement down and then back up in less than a minute
[13:48:15] <@wrbtrader> Long lower shadow interval 1min chart Emini futures
[13:48:35] <@wrbtrader> There's a Down WRB Hidden GAP sitting now too far above
[13:49:11] <@wrbtrader> I'm going to use it to manage (trail stop) the remainders in my position
[13:49:43] <@wrbtrader> I'm trying to catch a WRB pt2 on these remainders
[13:49:57] <@wrbtrader> volatility still declining (intervals getting smaller)
[13:50:22] <t4n> yeah crunch time
[13:54:35] <@wrbtrader> VIX low was almost 12.32 and now its up at 13.20
[13:55:08] <@wrbtrader> Thus, the VIX is in a Up Strong Continuation price action
[14:03:51] <@wrbtrader> Covered Remainder Emini TF Short @ 1091.00 --> + 1.4
[14:04:45] <@wrbtrader> Emini TF futures too out the R area of its most recent Down WRB Hidden GAP @ 1090.90
[14:05:19] <tradermo> nq bounced at yesterdays 5min wrb hg support
[14:09:31] <tradermo> short ym 16333
[14:14:06] <@wrbtrader> Shorts Emini TF @ 1092.40 -> small size
[14:14:15] <@wrbtrader> 3 contracts
[14:14:17] <@wrbtrader> intuition
[14:14:30] <@wrbtrader> 2nd intuition trade of the day
[14:15:29] <@wrbtrader> 1091.00 is my initial profit target or a WRB pt1...whichever comes first
[14:15:43] <@wrbtrader> a little more contraction in volatility has shown up
[14:15:51] <@wrbtrader> :(
[14:17:29] <@wrbtrader> Covered all Emini TF Short @ 1092.40 --> 0
[14:18:02] <@wrbtrader> Shorts Emini TF @ 1092.10 -> small size
[14:18:08] <@wrbtrader> 1 contract
[14:18:10] <@wrbtrader> re-entry
[14:20:25] <@wrbtrader> Covered Emini TF Short @ 1093.40 --> - 1.3
[14:21:03] <@wrbtrader> Long Emini TF @ 1093.10 -> medium size
[14:21:10] <@wrbtrader> 2+2 contracts
[14:23:32] <@wrbtrader> WTI Oil Falls on Ample U.S. Crude Supply (Bloomberg) @ http://www.bloomberg.com/news/2014-05-2 ... upply.html
[14:23:55] <@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
[14:24:55] <tradermo> exit ym 16332
[14:28:16] <tradermo> exited due to strange ym price action
[14:28:42] <@wrbtrader> Exited all Emini TF Long @ 1091.70 --> - 1.4
[14:33:03] <Cayden> small bodies to the downside now- and longer bodies toward the upside. expansion leans up now.
[14:33:13] <@wrbtrader> Shorts Emini TF @ 1091.00 -> large size
[14:33:29] <@wrbtrader> back at the 1091.00 key price area
[14:34:02] <@wrbtrader> Also, prior loss takes me back down to my profit goal for the day
[14:34:53] <@wrbtrader> Therefore, this is an imporant trade for me that this type of size because I can close big above my profit goal or close the day below my goal for the day.
[14:36:27] <Cayden> DIA going back 16days for support
[14:38:14] <@wrbtrader> I had a WRB pt1 reached but I wasn't fast enough to grab it
[14:38:31] <@wrbtrader> may get another chance at it
[14:42:36] <@wrbtrader> Covered 1/2 Emini TF Short @ 1090.40 --> + 0.6
[14:42:55] <@wrbtrader> Covered Remainder Emini TF Short @ 1090.60 --> + 0.4
[14:43:05] <@wrbtrader> early exit
[14:43:48] <@wrbtrader> I'm done for the day...need to work with the network guy now
[14:44:50] <Cayden> nice work
[15:00:59] <t4n> ls 1093.3
[15:05:26] <t4n> e 1095
Session Close: Tue May 20 15:08:58 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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