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 Post subject: July 9th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Jul 10, 2014 2:12 pm 
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Trader / Forum Admin

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:
070914-Key-Price-Action-Markets.png
070914-Key-Price-Action-Markets.png [ 950.76 KiB | Viewed 278 times ]

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

Session Start: Wed Jul 09 09:24:37 2014
Session Ident: ##TheStrategyLab
[09:24:37] * Now talking in ##TheStrategyLab
[09:24:37] * 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'
[09:24:37] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:24:42] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:31] <wrbtrader> Long Emini TF @ 1172.60 -> large size
[09:32:46] <wrbtrader> Exited 1/2 Emini TF Long @ 1174.10 --> + 1.5
[09:36:16] <wrbtrader> Exited Emini TF Long @ 1175.60 --> + 3
[09:36:18] <wrbtrader> Holding 1 contract remainder
[09:36:57] <wrbtrader> Exited Remainder Emini TF Long @ 1175.10 --> + 2.5
[09:44:23] <tradermo> short iwm 116.75
[09:49:53] <tradermo> tf weak, let's see if we get a gap fill
[09:50:05] <tradermo> nq quite strong though
[09:54:17] <tradermo> iwm gap filled now
[09:54:40] <tradermo> iwm stop to breakeven 116.75
[09:55:19] <@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.
[09:56:09] <tradermo> nq still hesitating to enter gap zone
[09:56:25] <@wrbtrader> Shorts Emini TF @ 1167.90 -> small size
[09:56:34] <@wrbtrader> 3 contracts
[09:56:59] <tradermo> exit half iwm 116.25
[09:57:47] <@wrbtrader> Covered all Emini TF Short @ 1167.70 --> + 0.2
[09:57:52] <@wrbtrader> choppy
[09:58:34] <@wrbtrader> Shorts Emini TF @ 1167.80 -> small size
[09:58:41] <@wrbtrader> 3 contracts
[09:58:46] <@wrbtrader> re-entry
[09:59:39] <tradermo> exit rem iwm 116.16
[10:00:19] <@wrbtrader> Covered all Emini TF Short @ 1166.80 --> + 1
[10:00:30] <@wrbtrader> WRB pt1 reached
[10:13:19] <tradermo> nq gap filled now
[10:17:06] <@wrbtrader> Shorts Emini TF @ 1166.70 -> small size
[10:17:24] <@wrbtrader> 1+2 contracts
[10:21:02] <@wrbtrader> Covered all Emini TF Short @ 1166.00 --> + 0.7
[10:21:36] <@wrbtrader> getting choppy
[10:25:22] <@wrbtrader> Forex GBPUSD and EURUSD still in a active uptrend this morning
[10:27:58] <tradermo> market may go into waiting mode soon for 2pm fomc
[10:33:08] <@wrbtrader> Long Emini TF @ 1170.30 -> small size
[10:33:21] <@wrbtrader> 1+1 contracts
[10:38:54] <@wrbtrader> volatility spike
[10:39:07] <@wrbtrader> WRB pt2 reached
[10:39:11] <@wrbtrader> first one of the day
[10:39:33] <@wrbtrader> Exited all Emini TF Long @ 1173.10 --> + 2.8
[10:48:03] <TradeSnake> testing.... (first time logging into the room)
[10:59:02] <@wrbtrader> Hi...welcome to the chat room
[10:59:33] <@wrbtrader> If you're using mIRC...don't forget it has a 30 day limitation and you can then switch over to Trillian for connecting to the chat room.
[10:59:44] <@wrbtrader> Trillian has not limitation...always free.
[11:00:15] <TradeSnake> Thank you. Yes I am on Trillian
[11:01:35] <@wrbtrader> WTI Slips for Ninth Day After Supplies Advance at Cushing (Bloomberg) @ http://www.bloomberg.com/news/2014-07-0 ... drops.html
[11:04:53] <@wrbtrader> Shorts Emini TF @ 1171.50 -> small size
[11:05:02] <@wrbtrader> 1 contract
[11:05:45] <@wrbtrader> I'm lowering my position size because this time of day lately has been mainly low volatility crappy price action or just in a tight trading range of chop.
[11:06:17] <@wrbtrader> Thus, I've been mainly "churning" just paying commissions this time of day
[11:06:42] <@wrbtrader> If there was a World Cup soccer game right now...I would be watching that instead
[11:08:24] <@wrbtrader> By the way, Germany demolised Brazil yesterday by some crazy score of 7 - 1 that could have easily been 9 - 1
[11:09:20] <@wrbtrader> unbelievable 5 scores in like 6 or 7 minutes
[11:09:48] <@wrbtrader> I had to change channels a few times because I thought it was some incredible prank
[11:10:35] <@wrbtrader> Emini TF futures WRB pt1 (shallow) reached
[11:10:40] <TradeSnake> Yes, I caught a couple nice range trades this morning in the YM but am still looking to apply more WRB/WRB HG principles to my trading. Also expecting contracting volatility up until FOMC minutes are released at 2pm
[11:11:10] <@wrbtrader> Forex GBPUSD currently in a low volatility range near the R area of the most recent Up WRB Hidden GAP on the 5min chart
[11:11:36] <@wrbtrader> Emini TF futures WRB pt3 reached...my first WRB pt3 of the day
[11:12:07] <@wrbtrader> Covered Emini TF Short @ 1168.50 --> + 3
[11:12:08] <t4n> cl WRBHG
[11:21:33] <@wrbtrader> Oil CL futures having trouble trying to get back into the range of the big Down WRB Hidden GAP on the 5min chart...
[11:21:55] <@wrbtrader> now its testing the S area of that Down WRB Hidden GAP interval
[11:33:02] <@wrbtrader> Forex GBPUSD 5min chart...retesting the S area of its most recent Up WRB Hidden GAP
[11:33:29] <@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
[11:37:41] <@wrbtrader> Gold GC futures still stuck inside the range of the big Down WRB Hidden GAP interval of 0955am - 100am est 5min chart
[13:09:06] <@wrbtrader> Long Emini TF @ 1169.70 -> small size
[13:09:21] <@wrbtrader> 1 contract
[13:15:33] <@wrbtrader> Exited Emini TF Long @ 1170.70 --> + 1
[13:15:39] <tradermo> short iwm 116.55
[13:16:04] <@wrbtrader> WRB pt1 reached
[13:17:38] <tradermo> stop at 117.11 to allow for some volatility
[13:18:41] <tradermo> this is a gamma scalp trade against long option position
[13:32:44] <TradeSnake> Short GC @ 1324.6 - 1 car
[13:34:04] <TradeSnake> 1320.3 target - stop above daily high
[14:01:08] <tradermo> stop to breakeven on iwm 116.55
[14:01:15] <tradermo> exit all iwm 116.55
[14:02:57] <tradermo> trying to reshort higher
[14:03:14] <TradeSnake> flat on GC at BE
[14:05:53] <@wrbtrader> price action looks a little lost into the key maket event after the FOMC miniutes
[14:06:25] <@wrbtrader> Shorts Emini TF @ 1168.30 -> medium size
[14:06:46] <@wrbtrader> volatility increasing
[14:07:07] <@wrbtrader> 2+2 contracts
[14:07:15] <@wrbtrader> WRB pt1 reached
[14:08:22] <@wrbtrader> Covered 1/2 Emini TF Short @ 1167.20 --> + 1.1
[14:08:27] <@wrbtrader> WRB Hidden GAP pt1 reached
[14:09:51] <@wrbtrader> contracting volatility
[14:10:05] <@wrbtrader> trailing @ profit
[14:10:58] <@wrbtrader> Covered Remainder Emini TF Short @ 1168.10 --> + 0.2
[14:12:17] <tradermo> short iwm 116.33
[14:12:37] <tradermo> will try to add higher
[14:13:01] <@wrbtrader> Shorts Emini TF @ 1168.30 -> small size
[14:13:08] <@wrbtrader> 1 contract
[14:13:10] <@wrbtrader> re-entry
[14:13:20] <@wrbtrader> volatility starting to dry up
[14:14:12] <@wrbtrader> Emini TF now back above the R area of its most recent Down WRB Hidden GAP interval
[14:14:25] <@wrbtrader> Covered Emini TF Short @ 1169.30 --> - 1
[14:15:06] <@wrbtrader> If it falls back below the R area...I'll re-enter the Short again
[14:17:07] <tradermo> waiting for some stops getting hit here
[14:17:51] <tradermo> adding to iwm short 116.60
[14:17:55] <@wrbtrader> KME price action completely retraced now
[14:18:00] <@wrbtrader> in Emini TF futures
[14:19:22] <tradermo> keeping original stop 117.11
[14:21:13] <tradermo> adding 116.72
[14:21:31] <tradermo> that should be enough
[14:23:03] <@wrbtrader> Long Emini TF @ 1172.40 -> small size
[14:23:09] <tradermo> rationale for this trade: force market to get back into bull territory to make me loose
[14:23:14] <@wrbtrader> 2 contracts
[14:24:56] <@wrbtrader> Exited Emini TF Long @ 1171.80 --> - 0.6
[14:25:08] <tradermo> es has unfilled gap above
[14:25:22] <@wrbtrader> Long Emini TF @ 1172.10 -> small size
[14:25:33] <@wrbtrader> 2 contracts re-entry
[14:26:25] <@wrbtrader> starting to look like a churn
[14:26:29] <@wrbtrader> :(
[14:27:33] <@wrbtrader> Exited all Emini TF Long @ 1172.30 --> + 0.2
[14:27:35] <tradermo> might get some vola if es closes gap - hopefully my stop is ok
[14:28:01] <@wrbtrader> trail that one too tight
[14:30:23] <@wrbtrader> contracting volatility since the most recent Up WRB Hidden GAP in Emini TF 2min chart
[14:30:54] <@wrbtrader> now its fighting to stay above the R area of that Up WRB Hidden GAP
[14:31:34] <tradermo> still weakness in tf as expected at this critical point
[14:37:51] <tradermo> big guys seem long here, hence was expecting at least gapfill
[14:54:04] <@wrbtrader> Just low volatility sideways price action for the Emini futures the past 20 minutes
[14:54:20] <@wrbtrader> intervals getting smaller in range
[14:54:31] <@wrbtrader> It should setup a nice volatility spike
[15:06:07] <tradermo> big buys holding on to their longs still
[15:11:03] <tradermo> promised vol spike trying to fill es gap
[15:17:33] <tradermo> if big guys turn out to be wrong we could get a nice selloff
[15:28:44] <@wrbtrader> Shorts Emini TF @ 1170.00 -> small size
[15:28:54] <@wrbtrader> 1 contract
[15:28:57] <@wrbtrader> :(
[15:29:02] <@wrbtrader> trade error
[15:29:55] <@wrbtrader> Covered Emini TF Short @ 1169.70 --> + 0.3
[15:30:08] <@wrbtrader> will call it quits for the day on that trade error
[15:30:15] <@wrbtrader> Take care all and see all tomorrow
[15:31:01] <TradeSnake> thank you! good first day for me in the room
[15:31:28] <tradermo> exit 1/3 iwm 116.40
[15:32:16] <tradermo> stop to 116.55
[15:32:47] <tradermo> keeping it tight because big buys still buying
[15:39:27] <tradermo> exit rem iwm 116.55
Session Close: Wed Jul 09 17:51:30 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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