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 Post subject: June 26th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Jun 27, 2014 5:17 am 
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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:
062614-Key-Price-Action-Markets.png
062614-Key-Price-Action-Markets.png [ 1.3 MiB | Viewed 305 times ]

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

Session Start: Thu Jun 26 09:29:21 2014
Session Ident: ##TheStrategyLab
[09:29:21] * Now talking in ##TheStrategyLab
[09:29:21] * 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'
[09:29:21] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:29:21] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:41:01] <tradermo> long nq 3809
[09:43:18] <tradermo> adding nq long 3805
[09:49:38] <wrbtrader> Shorts Emini TF @ 1170.40 -> large size
[09:49:56] <wrbtrader> 4+3 contracts
[09:50:05] <tradermo> exit all nq 3796
[09:50:26] <wrbtrader> Covered Emini TF Short @ 1168.30 --> + 2.1
[09:50:30] <wrbtrader> Holding 3 contract remainders
[09:50:55] <wrbtrader> WRB pt1 reached
[09:51:12] <wrbtrader> WRB Hidden GAP pt1 reached
[09:51:21] <tradermo> very nice rejection of es 1952 level
[09:51:58] <wrbtrader> Covered Emini TF Short @ 1166.50 --> + 3.9
[09:54:37] <wrbtrader> That's now 3 consecutive trading days with a ton of volatility out of the gate
[09:54:58] <wrbtrader> I don't think I've seen such for about a year or so
[09:55:13] <wrbtrader> maybe like 2 1/2 years
[09:58:35] <tradermo> short ym 16666
[09:58:40] <tradermo> excellent number
[09:59:08] <wrbtrader> U.S. Stocks Drop After Consumer Spending Misses Estimates (Bloomberg) @ http://www.bloomberg.com/news/2014-06-2 ... -data.html
[10:00:29] <tradermo> adding to ym short 16670
[10:02:01] <wrbtrader> Shorts Emini TF @ 1169.20 -> medium size
[10:02:13] <wrbtrader> 2+1+1 contracts
[10:03:00] <wrbtrader> Covered all Emini TF Short @ 1168.90 --> + 0.3
[10:03:15] <wrbtrader> Shorts Emini TF @ 1169.20 -> medium size
[10:03:23] <wrbtrader> re-entry with tight stop again
[10:04:49] <wrbtrader> Covered all Emini TF Short @ 1168.90 --> + 0.3
[10:05:23] <wrbtrader> Up WRB retracing Down WRB = snap back
[10:07:42] <wrbtrader> Shorts Emini TF @ 1169.10 -> medium size
[10:07:50] <wrbtrader> 3+1 contracts
[10:07:53] <wrbtrader> re-entry
[10:08:30] <wrbtrader> Covered all Emini TF Short @ 1169.20 --> - 0.1
[10:08:44] <wrbtrader> volatility declining with chop
[10:15:06] <wrbtrader> Shorts Emini TF @ 1169.50 -> medium size
[10:15:30] <wrbtrader> TF trying to retrace the most recent Up WRB
[10:15:40] <wrbtrader> 4 contracts
[10:15:43] <wrbtrader> re-entry
[10:16:21] <wrbtrader> Covered all Emini TF Short @ 1170.30 --> - 0.8
[10:17:25] <wrbtrader> Emini TF still having problems trying to move above the R area of the most recent Down WRB Hidden GAP
[10:17:39] <wrbtrader> R area @ 1170.40
[10:21:10] <tradermo> exit all ym 16700
[10:21:14] <tradermo> spike
[10:21:39] <wrbtrader> Long Emini TF @ 1173.10 -> large size
[10:21:50] <wrbtrader> 6 contracts
[10:25:15] <wrbtrader> Exited all Emini TF Long @ 1171.70 --> - 1.4
[10:27:29] <wrbtrader> volatility still declining
[10:28:09] <wrbtrader> still a lot of chop
[10:28:30] <wrbtrader> Long Emini TF @ 1171.50 -> large size
[10:28:48] <wrbtrader> 6 contracts
[10:28:53] <wrbtrader> re-entry
[10:29:11] <wrbtrader> :(
[10:30:35] <wrbtrader> Exited 1/2 Emini TF Long @ 1171.40 --> - 0.1
[10:31:17] <wrbtrader> Exited 1/2 Emini TF Long @ 1171.00 --> - 0.5
[10:31:55] <tradermo> short nq 3798
[10:32:28] <wrbtrader> Shorts Emini TF @ 1170.00
[10:32:35] <wrbtrader> 6 contracts
[10:32:49] <wrbtrader> so far every WRB has been quickly retraced in this chop
[10:33:40] <wrbtrader> its trying to do it again
[10:37:39] <tradermo> unfortunately big guys not participating much on short side
[10:37:59] <tradermo> keeping tight stop at 3804 - away for a while
[10:40:09] <wrbtrader> Covered all Emini TF Short @ 1169.70 --> + 0.3
[10:41:07] <wrbtrader> Shorts Emini TF @ 1169.00 -> large size
[10:41:14] <wrbtrader> 6 contracts
[10:41:17] <wrbtrader> re-entry
[10:41:35] <wrbtrader> so far the re-entries have not been good entries for me in this type of chop
[10:42:02] <wrbtrader> Covered all Emini TF Short @ 1169.90 --> - 0.9
[10:47:44] <wrbtrader> crazy amount of chop
[10:50:24] <wrbtrader> Long Emini TF @ 1171.60 -> large size
[10:50:36] <wrbtrader> 6 contracts
[10:51:30] <wrbtrader> Exited all Emini TF Long @ 1172.00 --> + 0.4
[10:55:24] <wrbtrader> Shorts Emini TF @ 1170.60 -> large size
[10:55:33] <wrbtrader> 6 contracts
[11:00:34] <wrbtrader> starting to feel like my trades are being targeted :(
[11:01:26] <wrbtrader> Covered all Emini TF Short @ 1172.30 --> - 1.7
[11:02:20] <wrbtrader> Shorts Emini TF @ 1172.80 -> large size
[11:02:50] <wrbtrader> every WRB so far in this chop is still being retraced
[11:03:17] <wrbtrader> Covered all Emini TF Short @ 1172.70 --> + 0.1
[11:03:56] <wrbtrader> Shorts Emini TF @ 1172.80 -> large size
[11:04:08] <wrbtrader> 4+2 contracts
[11:04:55] <wrbtrader> not this time so far for the most recent Up WRB Hidden GAP
[11:05:00] <wrbtrader> :(
[11:05:23] <t4n> 1 2 3 m WRBHG's still in tact
[11:08:53] <wrbtrader> most recent Up WRB Hidden GAP almost retraced
[11:08:59] <t4n> testing 1171, bottom of tthe WRBHG
[11:09:55] <t4n> 1m volatility declined down into that area, smaller intervals
[11:10:33] <wrbtrader> Covered all Emini TF Short @ 1171.50 --> + 1.3
[11:11:09] <wrbtrader> Covered Remainder Emini TF Short @ 1171.60 --> + 1.2
[11:11:32] <wrbtrader> first exit was 3 contracts only (not all)
[11:12:18] <wrbtrader> Shorts Emini TF @ 1171.50 -> large size
[11:12:31] <wrbtrader> 5+4 contracts
[11:12:35] <wrbtrader> re-entry
[11:13:03] <wrbtrader> most recent Up WRB Hidden GAP now retraced
[11:13:33] <wrbtrader> I need to be careful hear because now there's a most recent Down WRB Hidden GAP above my entry that has NOT been retraced
[11:13:44] <wrbtrader> WRB pt1 reached
[11:14:56] <wrbtrader> Covered Emini TF Short @ 1170.80 --> + 0.7
[11:15:02] <wrbtrader> Holding 4 contract remainders
[11:16:02] <wrbtrader> Covered Remainder Emini TF Short @ 1170.90 --> + 0.6
[11:17:48] <wrbtrader> Shorts Emini TF @ 1170.30 -> large size
[11:18:11] <wrbtrader> back below that prior mentioned R area of that key Down WRB Hidden GAP
[11:18:24] <wrbtrader> R area @ 1170.40
[11:18:31] <wrbtrader> 7 contracts
[11:19:05] <wrbtrader> I got my butt kicked a few times in this price area already
[11:19:24] <wrbtrader> Its where that chopped showed up in full force
[11:20:02] <wrbtrader> :(
[11:20:24] <wrbtrader> Covered 1/2 Emini TF Short @ 1170.10 --> + 0.2
[11:20:30] <t4n> vol declining into the R of 1m 1040 WRBHG
[11:20:34] <wrbtrader> Covered Remainder Emini TF Short @ 1170.20 --> + 0.1
[11:22:00] <wrbtrader> I didn't hang around too long this time around
[11:23:27] <wrbtrader> Shorts Emini TF @ 1170.50 -> large size
[11:23:38] <wrbtrader> 6 contracts
[11:23:42] <wrbtrader> re-entry
[11:24:35] <wrbtrader> somebody out there is just swinging trades around that 1170.40 price area
[11:25:04] <tradermo> looks like my nq stop 3804 was hit already a while ago
[11:25:57] <tradermo> volume good initially but quickly declining
[11:26:03] <tradermo> maybe soccer related
[11:26:07] <t4n> price getting stuck between upper and lower WRBHG
[11:26:29] <wrbtrader> Volatility changed quickly when that strange chop showed up
[11:27:24] <wrbtrader> It's starting to feel like that price action that showed up a few months ago that started that entire crappy two month of trading
[11:27:45] <tradermo> last couple of day i was experimenting with new wider stop placement strategy
[11:27:54] <wrbtrader> The strange chop would show up and last several hours
[11:28:07] <wrbtrader> I have not forgotten aboout how it started
[11:28:09] <tradermo> but results not good, so need to rethink this
[11:28:18] <wrbtrader> Today is the exact same route it took
[11:30:06] <wrbtrader> Covered all Emini TF Short @ 1170.50 --> 0
[11:30:22] <wrbtrader> that's a FEAR and TIRED exit
[11:30:36] <wrbtrader> will jsut sit and watch awhile...need a mental rest
[11:31:16] <wrbtrader> especially since the price action is just playing the same game around that 1170.40 price area
[11:39:07] <wrbtrader> Long Emini TF @ 1171.90 -> large size
[11:39:23] <wrbtrader> 6 contracts
[11:39:27] <wrbtrader> 4+2
[11:43:36] <wrbtrader> The S area of the most recent Up WRB Hidden GAP @ 1170.30
[11:43:50] <wrbtrader> 1 tick below the infamous 1170.40 price
[11:44:50] <wrbtrader> WRB pt1 reached
[11:45:46] <wrbtrader> Exited all Emini TF Long @ 1172.40 --> + 0.5
[11:52:18] <wrbtrader> As they say after seeing good volatility for a few days...
[11:52:23] <wrbtrader> It was fun while it lasted
[13:13:23] <Cayden> Katch U Katz in a couple of weeks- I'm going on a little vacation trip- I'm going to take my WRB materieal with me-in the mean while... grow those accounts.
[14:49:07] -ChanServ- [##TheStrategyLab] Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[14:49:07] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[15:59:39] <wrbtrader_away> calm 4pm est rush hour traffic
[15:59:48] * wrbtrader_away is now known as wrbtrader
[16:00:12] <wrbtrader> Long Emini TF @ 1176.00 -> large size
[16:00:47] <wrbtrader> 3+4 contracts
[16:01:20] <wrbtrader> barely any volatility
[16:04:43] <wrbtrader> Exited 1/2 Emini TF Long @ 1176.50 --> + 0.5
[16:05:59] <wrbtrader> Exited Remainder Emini TF Long @ 1176.20 --> + 0.2
[16:06:54] <wrbtrader> In hindsight, price action for the Eminis and Eurex futures just ran out of energy after two days of good volatility and the mornings initial volatility surge the first 20 minutes
[16:07:27] <wrbtrader> Hopefully it can re-energize for tomorrow or else I'll be calling it quits early
[16:07:43] <wrbtrader> Take care and see all tomorrow
Session Close: Thu Jun 26 18:51:07 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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