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 Post subject: July 31st Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Aug 02, 2014 6:33 pm 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2981
Location: Canada
Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
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Business Hours: 8am - 5pm est (Mon - Fri)
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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, WRB Zone, R area of WRB Zone, S area of WRB Zone) 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

073114-Key-Price-Action-Markets.png [ 1.16 MiB | Viewed 205 times ]

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

Session Start: Thu Jul 31 09:30:30 2014
Session Ident: ##TheStrategyLab
[09:30:30] * Now talking in ##TheStrategyLab
[09:30:30] * 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'
[09:30:30] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:30:30] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:33:25] <@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.
[09:35:23] <tradermo> short ym 16683
[09:35:27] <@wrbtrader> Huge overnight price action movement downward in the Emini futures between 0345am - 0500am est
[09:36:14] <tradermo> stop 16714
[09:36:54] <@wrbtrader> Hopefully it doesn't take away the volatility in the regular session first hour of trading
[09:42:52] <tradermo> stop to breakeven 16683
[09:43:26] <TradeSnake_> Long GC @ 1288.0
[09:45:12] <tradermo> exit all ym 16883
[09:46:43] <tradermo> short iwm 112.70
[09:47:18] <tradermo> stop 113.23
[09:57:25] <tradermo> stop to breakeven 112.70
[09:59:26] <@wrbtrader> Shorts Emini TF @ 1130.40 -> medium size
[09:59:45] <@wrbtrader> 1+2+1 contracts
[10:01:20] <@wrbtrader> Covered all Emini TF Short @ 1129.30 --> + 1.1
[10:01:31] <@wrbtrader> price action doing a snap back
[10:02:14] <@wrbtrader> Shorts Emini TF @ 1129.60 -> large size
[10:02:23] <@wrbtrader> 6 contracts
[10:02:28] <@wrbtrader> re-entry
[10:04:04] <@wrbtrader> Covered 1/2 Emini TF Short @ 1129.70 --> - 0.1
[10:04:14] <@wrbtrader> Covered 1/2 Emini TF Short @ 1129.90 --> - 0.3
[10:04:49] <@wrbtrader> Shorts Emini TF @ 1129.60 -> large size
[10:05:18] <@wrbtrader> re-entry
[10:05:21] <@wrbtrader> 6 contracts
[10:05:43] <@wrbtrader> getting more choppy
[10:07:02] <@wrbtrader> Covered all Emini TF Short @ 1129.80 --> - 0.2
[10:07:06] <@wrbtrader> geeesh
[10:07:27] <@wrbtrader> Shorts Emini TF @ 1129.80 -> large size
[10:07:47] <@wrbtrader> 4+3 contracts re-entry
[10:08:40] <tradermo> exit half iwm 114.45
[10:09:17] <@wrbtrader> Covered all Emini TF Short @ 1128.80 --> + 1
[10:09:21] <@wrbtrader> WRB pt1 reached
[10:09:52] <@wrbtrader> I feel that "lack of patience" again that I had two days ago :(
[10:10:38] <@wrbtrader> Shorts Emini TF @ 1129.60 -> large size
[10:10:43] <tradermo> tf is difficult to trade right now
[10:10:53] <@wrbtrader> 6 cpmtracts
[10:10:56] <@wrbtrader> agree
[10:11:12] <@wrbtrader> Its trying hard to find a direction
[10:12:05] <tradermo> its at a critical point and the bull need to keep it up
[10:12:21] <@wrbtrader> Covered all Emini TF Short @ 1130.90 --> - 1.3
[10:12:59] <tradermo> exit rem iwm 112.70
[10:14:38] <@wrbtrader> Shorts Emini TF @ 1130.40 -> large size
[10:14:45] <@wrbtrader> increasing volatility
[10:14:49] <tradermo> looking to reshort higher
[10:15:06] <@wrbtrader> 4+4 contracts
[10:15:58] <@wrbtrader> :(
[10:16:02] <@wrbtrader> snap back again
[10:16:39] <@wrbtrader> Covered 1/2 Emini TF Short @ 1130.70 --> - 0.3
[10:16:56] <tradermo> counterreaction because market unable to break overnight lows
[10:17:58] <@wrbtrader> pain in the butt TF is right now
[10:18:35] <@wrbtrader> I need a WRB pt2 to compensate on the losing first 4 contracts :(
[10:19:05] <@wrbtrader> most likely around 1129.00 and below
[10:19:43] <tradermo> tf very weak again, very tempting to short
[10:21:56] <@wrbtrader> Covered Remainder Emini TF Short @ 1128.80 --> + 1.6
[10:24:23] <@wrbtrader> Shorts Emini TF @ 1129.10 -> large size
[10:24:48] <@wrbtrader> 4+2 contracts
[10:24:53] <@wrbtrader> re-entry
[10:26:04] <@wrbtrader> crazy chop prior to that breakdown
[10:26:46] <@wrbtrader> Covered 2/3 Emini TF Short @ 1126.90 --> + 2.2
[10:27:05] <@wrbtrader> Covered Remainder Emini TF Short @ 1127.00 --> + 2.1
[10:27:18] <@wrbtrader> WRB pt1 reached
[10:27:50] <@wrbtrader> I'm sidelined...that trade session was mentally tough
[10:32:37] <tradermo> long iwm 112.04
[10:33:30] <@wrbtrader> Shorts Emini TF @ 1124.40 -> large size
[10:33:54] <@wrbtrader> 6+2 contracts
[10:34:40] <tradermo> stop at 111.57
[10:35:03] <@wrbtrader> Covered 1/4 Emini TF Short @ 1124.00 --> + 0.4
[10:35:14] <@wrbtrader> Covered Remainder Emini TF Short @ 1124.10 --> + 0.3
[10:35:36] <@wrbtrader> This slowly increasing volatility cleaned out some of that chop but I was too hesitant to re-enter the Short...
[10:36:03] <@wrbtrader> cost me an entry ariound 1125.30
[10:36:35] <@wrbtrader> volatility still slowly increasing
[10:36:50] <@wrbtrader> I'm still expecting a volatility spike
[10:38:42] <tradermo> keeping stop at 111.57 - back later - bulls need to step in here or it gets ugly
[10:54:21] <@wrbtrader> Shorts Emini TF @ 1122.60 -> medium size
[10:54:33] <@wrbtrader> 4 contracts
[10:54:57] <@wrbtrader> becareful of the snap back
[10:58:41] <@wrbtrader> Covered all Emini TF Short @ 1120.50 --> + 2.1
[10:58:51] <@wrbtrader> WRB pt2 reached
[11:11:10] <@wrbtrader> Shorts Emini TF @ 1121.10 -> small size
[11:11:23] <@wrbtrader> 2 contracts
[11:15:53] <@wrbtrader> WRB pt1 (shallow) reached
[11:16:07] <@wrbtrader> Covered all Emini TF Short @ 1120.70 --> + 0.4
[11:16:38] <@wrbtrader> I'm going to take this small WRB pt1 and call it quits for the trading day
[11:16:49] <@wrbtrader> Take care all and see all next month (tomorrow)
[12:15:46] <TradeSnake_> Covered GC @ 1289.5 +1.5
[12:22:28] <tradermo> big guys selling pretty modest
[12:22:47] <tradermo> stop hit on earlier iwm long
[12:28:01] <tradermo> long iwm 111.25
[12:28:22] <tradermo> stop 110.72
[12:36:13] <tradermo> stop to breakeven 111.25
[12:43:35] <tradermo> exit half 111.48
[12:44:58] <tradermo> exit rem 111.52
[12:53:47] <tradermo> short iwm 111.62
[12:53:57] <tradermo> stop 112.12
[12:54:12] <tradermo> gamma scalp against long calls
[14:42:38] <tradermo> stop to breakeven on iwm 112.62
[14:48:42] <tradermo> exit all iwm 111.62
[14:48:55] <tradermo> iwm very resilient - good for the calls
Session Close: Thu Jul 31 19:14:39 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 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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