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 Post subject: June 10th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Jun 14, 2014 4:18 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)
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:
061014-Key-Price-Action-Markets.png
061014-Key-Price-Action-Markets.png [ 945.49 KiB | Viewed 325 times ]

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

Session Start: Tue Jun 10 09:27:03 2014
Session Ident: ##TheStrategyLab
[09:27:03] * Now talking in ##TheStrategyLab
[09:27:03] * 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'
[09:27:03] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:27:03] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:39:48] <wrbtrader> Long Emini TF @ 1172.40 -> medium size
[09:39:56] <wrbtrader> 4 contracts
[09:41:30] <wrbtrader> I stole a great entry but its starting to stall
[09:42:29] <wrbtrader> Exited all Emini TF Long @ 1172.70 --> + 0.3
[09:42:46] <wrbtrader> not getting anywhere...just chopping up and down
[09:45:45] <wrbtrader> Long Emini TF @ 1172.60 -> medium size
[09:45:51] <wrbtrader> 4 contracts
[09:45:57] <wrbtrader> re-entry intuition
[09:46:33] <@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.
[09:47:01] <@wrbtrader> Exited all Emini TF Long @ 1171.60 --> - 1
[09:48:33] <@wrbtrader> Long Emini TF @ 1172.20 -> medium size
[09:48:36] <@wrbtrader> Key Market Event (KME) @ 1000am
[09:48:43] <@wrbtrader> 4 contracts re-entry
[09:51:21] <@wrbtrader> Exited all Emini TF Long @ 1172.30 --> + 0.1
[09:51:29] <T4n> ls 1172.3
[09:52:30] <@wrbtrader> Long Emini TF @ 1171.80 -> medium size
[09:52:36] <T4n> what did i just get into?
[09:52:45] <T4n> contraction hard
[09:52:47] <@wrbtrader> 4 contracts re-entry
[09:53:23] <@wrbtrader> you got into lots of chop that's now in a low volatility tight trading range that's also forming a WEDGE price action
[09:53:37] <tradermo> short iwm 116.64
[09:54:27] <@wrbtrader> Exited all Emini TF Long @ 1172.80 --> + 1
[09:54:43] <@wrbtrader> WRB pt1 (shallow) reached
[09:55:09] <T4n> e 1171.5
[09:56:21] <T4n> expectations too high for poor action
[09:56:23] <@wrbtrader> Emini TF futures now below the support area of that low volatility tight trading range with a pending 1000am est KME
[09:59:05] <tradermo> moving stop to breakeven 116.64
[10:00:34] <tradermo> exit half iwm 116.35
[10:03:49] <tradermo> exit remaining iwm 116.23
[10:06:54] <tradermo> long nq 3789
[10:06:57] <T4n> ss 1167.5
[10:07:18] <@wrbtrader> Shorts Emini TF @ 1171.10 -> medium size
[10:07:25] <@wrbtrader> 5 contracts
[10:07:38] <tradermo> adding to long 3787
[10:07:44] <@wrbtrader> correction
[10:08:04] <@wrbtrader> Shorts Emini TF @ 1167.10 -> medium size
[10:08:11] <T4n> e 1166.8
[10:08:34] <@wrbtrader> 4 point emergency stop @ 1171.10
[10:09:10] <tradermo> nq stop at 3778
[10:09:51] <@wrbtrader> not looking good with more contraction showing up
[10:10:25] <@wrbtrader> Covered all Emini TF Short @ 1167.60 --> - 0.5
[10:10:52] <T4n> 5m TF two back to back Dark WRBHGs
[10:11:11] <@wrbtrader> Shorts Emini TF @ 1167.70 -> medium size
[10:11:25] <@wrbtrader> 5 contracts re-entry
[10:11:45] <@wrbtrader> that snap back gives me a little hope that volatility is starting to creep back into the price action
[10:14:02] <T4n> ss 1168.1
[10:14:08] <tradermo> exit half nq 3792
[10:15:45] <tradermo> moving stop on remaining to 3785
[10:15:58] <@wrbtrader> Covered all Emini TF Short @ 1168.60 --> - 0.9
[10:16:25] <T4n> e 1169.2
[10:16:28] <T4n> hmm
[10:17:07] <@wrbtrader> Emini TF back inside the range of its most recent Down WRB Hidden GAP
[10:17:11] <T4n> ss 1168.9
[10:17:38] <@wrbtrader> S area @ 1168.40
[10:18:18] <tradermo> moving stop to 3788
[10:20:08] <@wrbtrader> snap back upwards
[10:22:36] <T4n> e -.6
[10:22:37] <T4n> rude snap
[10:23:16] <tradermo> i don't mind snapups :)
[10:23:17] <@wrbtrader> Long Emini TF @ 1169.10 -> medium size
[10:23:35] <@wrbtrader> 3+2 contracts
[10:23:47] <@wrbtrader> :(
[10:23:48] <@wrbtrader> geeeesh
[10:24:02] <@wrbtrader> looking for a Houdini Escape
[10:24:21] <@wrbtrader> Exited all Emini TF Long @ 1170.10 --> + 1
[10:24:35] <@wrbtrader> may be my lucky trade of the week
[10:24:46] <@wrbtrader> WRB pt1 reached
[10:25:50] <T4n> i'm debatin wether i should reenter short again
[10:26:22] <T4n> prior WRBHG retraced
[10:28:06] <tradermo> hoping for es gap fill to provide some accelleration
[10:28:49] <tradermo> keeping stop at 3788 - away for a bit
[10:29:01] <T4n> ss 1171
[10:30:18] <T4n> e 1171.4
[10:30:19] <T4n> ouch
[10:32:09] <T4n> ss 1171
[10:32:57] <T4n> e .2
[10:36:19] <T4n> dang
[10:36:57] <T4n> too many snaps put fear in me
[10:40:52] <T4n> ss 1168.2
[10:43:20] <T4n> e 1169.1
[11:24:06] <t4n> ss 1168.7
[11:25:42] <t4n> e 1169.5
[11:35:18] <t4n> contracting volatility
[11:37:47] <t4n> ls 1169
[11:39:39] <t4n> e .1
[11:49:28] <t4n> ugly stuff
[12:45:49] <@wrbtrader> Shorts Emini TF @ 1166.10 -> small size
[12:46:09] <@wrbtrader> 1 contract
[12:53:56] <@wrbtrader> Covered Emini TF Short @ 1166.90 --> - 0.8
[12:54:36] <steve____> waiting for 1164 WRB gap level on longer frame from 6/9
[13:38:13] <@wrbtrader> Shorts Emini TF @ 1167.00 -> small size
[13:38:25] <@wrbtrader> 2 contracts
[13:39:12] <tradermo> exit remaining nq at 3794.5
[13:41:09] <@wrbtrader> Covered Emini TF Short @ 1167.80 --> - 0.8
[13:42:27] <@wrbtrader> My trade entries for the two have resulted as higher lows w/ higher highs :(
[13:44:22] <@wrbtrader> Long Emini TF @ 1167.80 -> small size
[13:44:40] <@wrbtrader> 1+2 contracts
[13:44:48] <Cayden> wrbtrader? were U- R U- trading in a Zone from yesterdays open?
[13:47:46] <Cayden> I have us just above a Zone painted up on a 15 minute TF chart – it’s a 15 minute interval built from Friday’s cash close on 6-6, (V2), and the Zone is yesterday’s cash open. 1167.5 is R and 1164 is S.
[13:50:01] <Cayden> woops- wrong room- sorry
[13:57:11] <@wrbtrader> Emini TF snap back after it retested the S area of its most recent Up WRB Hidden GAP on the 1min chart
[14:03:17] <@wrbtrader> TF has stalled...more contraction in the volatility now
[14:05:41] <tradermo> short iwm 116.32
[14:06:50] <tradermo> stop at 116.61
[14:07:01] <@wrbtrader> Exited all Emini TF Long @ 1168.70 --> + 0.9
[14:07:44] <@wrbtrader> perfect price action for churning
[14:07:50] <@wrbtrader> :(
[14:15:11] <@wrbtrader> Long Emini TF @ 1169.30 -> small size
[14:15:20] <@wrbtrader> 1 contract
[14:15:56] <@wrbtrader> Exited Emini TF Long @ 1169.70 --> + 0.4
[14:16:08] <@wrbtrader> WRB pt1 (shallow) reached
[14:16:57] <@wrbtrader> didn't want to hang around too long on that one when it spiked above the most recent reaction high of 1359pm est
[14:19:38] <@wrbtrader> Long Emini TF @ 1170.30 -> small size
[14:19:49] <@wrbtrader> 2 contracts
[14:20:04] <@wrbtrader> back above that reaction high but with more volatility
[14:22:25] <@wrbtrader> Exited all Emini TF Long @ 1171.00 --> + 0.7
[14:22:29] <tradermo> moving iwm stop to 116.76 to allow for es gap fill
[14:23:20] <@wrbtrader> I've been chasing the same Up movement the past few trades...not getting what I wanted...
[14:23:53] <@wrbtrader> That first Long was a trail stop pick pocketed...that's the trade I needed to keep
[14:24:37] <@wrbtrader> after I notice my losing short positions were higher highs with higher lows as trades
[14:24:50] <@wrbtrader> in reference to my entries and exits in those Short positions
[14:25:00] <tradermo> missing participation of big guys today on the long side
[14:25:28] <tradermo> except wrbtrader of course
[14:26:09] <tradermo> but tf surprisingly strong
[14:41:32] <t4n> ss 1169.8
[14:45:02] <t4n> e .1
[15:08:40] <t4n> ls 1170.8
[15:11:53] <t4n> e 1170.3
[15:15:48] <t4n> testing low of recent 5m wrbhg
[15:16:22] <t4n> ls 1170.2
[15:20:53] <tradermo> adding to iwm short at 116.58
[15:21:02] <tradermo> es attempting gap fill
[15:21:34] <tradermo> keeping stop at 116.76
[15:22:49] <@wrbtrader> Long Emini TF @ 1171.50 -> small size
[15:23:13] <@wrbtrader> 3 contracts
[15:23:27] <@wrbtrader> most likely my last trade of the day
[15:25:00] <@wrbtrader> just got back from a quick walk around to get the circulation moving :)
[15:25:01] <t4n> e 1171.5
[15:25:32] <tradermo> small guys buying - possible short covering
[15:26:13] <tradermo> oops, i am a small guy too :(
[15:32:57] <t4n> nq popped
[15:38:05] <@wrbtrader> Exited all Emini TF Long @ 1171.50 --> 0
[15:38:21] <@wrbtrader> early exit
[15:38:43] <@wrbtrader> I have an appointment and was hoping some volatility would show up before I had to leave
[15:38:53] <@wrbtrader> Take care all and see all tomorrow
[15:41:53] <Cayden> L8TR
[15:44:14] <t4n> ls 1171.8
[15:48:47] <t4n> e 1171.2
[15:51:06] <t4n> ls 1172
[15:51:09] <t4n> poor reentry
[15:51:11] <t4n> chased
[15:55:55] <t4n> e 1171.6
[15:58:51] <tradermo> exit all iwm at 116.58
[15:59:12] <tradermo> tf too stubborn today
Session Close: Tue Jun 10 23:57:39 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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