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 Post subject: July 10th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Jul 10, 2014 2:16 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)
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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:
071014-Key-Price-Action-Markets.png
071014-Key-Price-Action-Markets.png [ 925.67 KiB | Viewed 310 times ]

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

Session Start: Thu Jul 10 08:39:26 2014
Session Ident: ##TheStrategyLab
[08:39:26] * Now talking in ##TheStrategyLab
[08:39:26] * 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'
[08:39:26] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:39:40] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:11:05] <TradeSnake> Good Morning Traders! Looks like some good movement in the markets overnight.
[09:43:23] <tradermo> short iwm 114.45
[09:45:00] <tradermo> long nq 3842
[09:49:22] <wrbtrader> Key Market Events (KME) @ 1000am, 1030am and 1630pm est
[09:54:25] <tradermo> exit iwm 114.42
[09:58:00] <wrbtrader> Emini futures flat so far after the big gap down on the regular session chart
[09:59:17] <wrbtrader> That was an enormous overnight (early morning strong continuation price action DOWNWARD
[10:00:16] <wrbtrader> U.S. Stocks Drop as Portugal Debt Stress Fuels Concern (Bloomberg) @ http://www.bloomberg.com/news/2014-07-1 ... ments.html
[10:00:47] <wrbtrader> Europe Stocks Drop to 2-Month Low on Portugal, Italy Bank (Bloomberg) @ http://www.bloomberg.com/news/2014-07-1 ... -drop.html
[10:01:49] <wrbtrader> That overnight trading session (all session chart) has several Down WRB Hidden GAP intervals as WRB Zones
[10:02:29] <tradermo> exit all nq 3843
[10:02:45] <tradermo> was hoping for some short covering, but not much so far
[10:06:56] <tradermo> short nq 3851
[10:11:09] <tradermo> stop to breakeven 3851
[10:12:09] <tradermo> exit all nq 3851
[10:13:02] <tradermo> will try reshort higher
[10:14:09] <wrbtrader> Long Emini TF @ 1152.20 -> large size
[10:14:29] <wrbtrader> 4+3 contracts
[10:15:22] <wrbtrader> Exited 1/2 Emini TF Long @ 1152.80 --> + 0.6
[10:16:16] <wrbtrader> Exited Remainder Emini TF Long @ 1153.00 --> + 0.8
[10:16:44] <wrbtrader> unless volatility shows up...that may be as good as it gets for me today :(
[10:20:01] <TradeSnake> Was that last trade based on WRB analysis? If so what time frame?
[10:20:47] <wrbtrader> 1min chart
[10:20:59] <wrbtrader> Every trade I've ever taken has been via WRB Analysis
[10:21:42] <tradermo> short nq 3854
[10:22:14] <wrbtrader> Long Emini TF @ 1152.70 -> small size
[10:22:22] <wrbtrader> 2 contracts
[10:23:19] <wrbtrader> lower position size...I'm not trusting the current volatility right now
[10:23:49] <wrbtrader> I wanted to see more volatility...it may instead just go into a slow price movement upwards
[10:25:17] <wrbtrader> Exited all Emini TF Long @ 1153.80 --> + 1.1
[10:26:00] <wrbtrader> not a WRB pt1...just an early exit after it got above the most recent reaction high of 1013am est
[10:27:51] <TradeSnake> Thank you for your explaintions. Just trying to follow how you are identifying your entry's and exit's
[10:29:00] <wrbtrader> I do a TON of intermarket analysis
[10:29:11] <wrbtrader> Simply, I don't trade off the Emini TF chart alone
[10:29:43] <wrbtrader> I often use IWM, RUT index, Russell Advance Decline line
[10:29:52] <wrbtrader> I do the same for every trading instrument
[10:30:29] <wrbtrader> If I was trading Emini ES...I will have on my charts also the SPY, SPX, NYSE AD Line or anything else related to the S&P 500 Index
[10:30:52] <wrbtrader> Yesterday I had I think 8 or 9 trades.
[10:31:06] <wrbtrader> most of them was not via the price action in TF itself
[10:31:19] <wrbtrader> Instead, in RUT or AD Line or IWM
[10:32:12] <wrbtrader> Just the same...if I was trading Gold GC futures...
[10:33:04] <TradeSnake> I see... Thank you
[10:33:14] <wrbtrader> I'll be watching Silver SI and other associated Gold trading instruments like Forex XAU
[10:35:10] <TradeSnake> How many screens do you use?
[10:35:46] <wrbtrader> three desktop screens and one laptop screen
[10:35:49] <tradermo> exit all nq 3856
[10:35:58] <tradermo> nq too strong, switching horses
[10:36:30] <wrbtrader> In contrast, when I'm mobile...just a laptop screen plus android
[10:41:42] <tradermo> short iwm 114.69
[10:45:33] <tradermo> stop at 115.37 - away for a while
[10:52:23] <wrbtrader> Long Emini TF @ 1152.50 -> small size
[10:52:28] <wrbtrader> 1 contract
[10:52:53] <wrbtrader> volatility not there to support any size over 1 contract...
[10:53:36] <wrbtrader> range getting smaller, intervals getting smaller, no recent WRB Hidden GAPs
[10:54:08] <wrbtrader> May be time for a break and come back later
[10:55:20] <wrbtrader> Exited Emini TF Long @ 1152.90 --> + 0.4
[10:55:45] <wrbtrader> WRB pt1 (shallow) reached = small profit
[10:59:20] <@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.
[11:08:45] <@wrbtrader> just got back...nice movement in the Eminis and volatility is slowly increasing
[11:09:13] <@wrbtrader> Hopefully it doesn't dry up now that I'm back
[11:13:04] <@wrbtrader> Long Emini TF @ 1157.80 -> small size
[11:13:15] <@wrbtrader> 2 contracts
[11:13:33] <@wrbtrader> volatility was declining on the entry
[11:13:53] <@wrbtrader> reason why I'm not yet trying to push some size
[11:15:25] <@wrbtrader> Exited all Emini TF Long @ 1157.50 --> - 0.3
[11:16:23] <tradermo> moving iwm stop to 115.47 due to unexpected strength
[11:16:27] <@wrbtrader> Emini TF retesting its R area on the most recent Up WRB Hidden GAP 2min chart
[11:17:08] <@wrbtrader> TF 5min chart most recent Up WRB Hidden GAP R area @ 1154.70
[11:17:56] <@wrbtrader> Emini TF retesting its S area (open price) on the most recent Up WRB Hidden GAP 2min chart
[11:18:14] <@wrbtrader> 2min chart
[11:23:48] <@wrbtrader> Long Emini TF @ 1156.90 -> small size
[11:23:56] <@wrbtrader> 3 contracts
[11:24:02] <@wrbtrader> volatility slowly increasing
[11:24:22] <@wrbtrader> intervals getting a little bigger
[11:25:37] <@wrbtrader> Most likely will be stuck in the 1 - 3 contract position size for the remainder of the trading day because I strongly doubt volatility will improve enough to doing size more than small size
[11:26:17] <@wrbtrader> WTI Heads for Record-Long Slump as Supply Concerns Ease (Bloomberg) @ http://www.bloomberg.com/news/2014-07-1 ... -ease.html
[11:27:24] <@wrbtrader> Exited all Emini TF Long @ 1156.30 --> - 0.6
[11:28:00] <t4n> cl trying to break lower
[11:39:24] <@wrbtrader> Shorts Emini TF @ 1155.10 -> medium size
[11:39:33] <@wrbtrader> 2+2 contractes
[11:40:17] <@wrbtrader> I won't hang around too long in this trade if volatility starts to dry up again
[11:40:27] <@wrbtrader> WRB pt1 reached
[11:40:48] <@wrbtrader> Covered 2/3 Emini TF Short @ 1153.60 --> + 1.5
[11:41:16] <@wrbtrader> meant 3 contracts on the exit...still holding 1 contract
[11:43:14] <@wrbtrader> Covered Remainder Emini TF Short @ 1153.00 --> + 2.1
[11:43:40] <@wrbtrader> sideline...will just watch awhile
[11:44:08] <tradermo> long nq 3866
[11:44:15] <@wrbtrader> Emini TF currently retesting the S area of the most recent Up WRB Hidden GAP on the 3min chart
[11:44:19] <tradermo> iwm short still on
[11:46:06] <tradermo> stop at 3852 ~ a bit wider because partly hedged by iwm
[12:01:58] <tradermo> nq stop to 3866
[12:07:16] <tradermo> exit all nq 3869
[12:19:39] <tradermo> adding to iwm short 115.11
[12:28:37] <tradermo> stop on iwm to 115.58
[12:28:59] <@wrbtrader> I'm a little surprise we got this much price movement in the lunch time trading session
[12:29:03] <tradermo> assuming nq gap fill - really a monster squeeze
[12:29:18] <@wrbtrader> After that huge big price drop in the Emini futures BEFORE the regular session...
[12:29:29] <@wrbtrader> I thought the regular trading session would be dead
[12:29:52] <@wrbtrader> Yet, volatility is still low but just enough to make it worthwhile to trade
[12:30:08] <tradermo> adding to iwm short at 115.38
[12:30:25] * Retrieving ##TheStrategyLab modes...
[12:34:10] <tradermo> stop to 116.61 - need a bit more space for nq gapfill because iwm is too strong
[12:34:29] <tradermo> i mean 115.61
[12:38:35] <tradermo> stop to 115.79 - to avoid possible stop run and hold into afternoon
[13:22:43] <tradermo> exit all iwm 115.79
[13:23:09] <tradermo> nq gap filled but iwm still too strong
[13:30:13] <t4n> large WRBHG in CL
[14:41:46] <tradermo> long nq 3876
[15:04:00] <@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
[15:04:00] <tradermo> hm, weakness in tf coming back after it stopped me out
[15:04:18] <@wrbtrader> just got back to see if there's anything interesting to trade
[15:04:40] <tradermo> but difficult to short tf here
[15:04:48] <tradermo> possible snapback zone
[15:06:46] <tradermo> hm, snapback in tf but not in nq, not good for me
[15:07:13] <tradermo> correlations are really a mess today
[15:11:10] <tradermo> problem with nq is that it filled its gap already
[15:11:29] <tradermo> so it may think it is done for today on the long side
[15:12:00] <tradermo> but gaps in es, ym, and tf still open
[15:15:33] <tradermo> stop at 3863 - r area of 5min wrb hg
[15:20:59] <tradermo> big guys trying to sell
[15:21:32] <tradermo> but price not going down much
[15:23:51] <tradermo> possibly some bigger responsive buyers hiding here
[15:28:33] <tradermo> stop to 3866
[15:42:41] <tradermo> exit nq 3877
[15:43:24] <tradermo> using this spike to get out, because tf is showing weakness again
[15:43:28] <@wrbtrader> Long Emini TF @ 1160.30 -> small size
[15:43:46] <@wrbtrader> 1+1 contracts
[15:44:14] <tradermo> of course, that can change if wrbtrader is buying :)
[15:44:20] <@wrbtrader> This is just a quick trade and I'm done for the day
[15:44:55] <@wrbtrader> tradermo...I don't have the proper time to see this trade into the 4pm est rush hour traffic for a profit
[15:45:12] <@wrbtrader> Exited all Emini TF Long @ 1159.30 --> - 1
[15:45:19] <@wrbtrader> volatility increasing
[15:45:51] <tradermo> ok, big sellers seem to try again
[15:46:21] <@wrbtrader> Gotta go early today...wish I can stay and take another Long into the 4pm est rush hour traffic
[15:46:29] <@wrbtrader> Take care all and see all tomorrow
[15:46:51] <tradermo> ok, will try some rush hour trades myself
[15:47:59] <tradermo> short tf 1158.8
[15:49:15] <tradermo> exit tf 1158.3
[15:50:27] <tradermo> long tf 1158.7
[15:51:04] <tradermo> exit tf 1159.0
[15:55:04] <tradermo> hm, not much volatility for a rush hour on such a day
Session Close: Thu Jul 10 18:56:42 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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