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 Post subject: July 17th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Jul 17, 2014 5:48 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
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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.

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:
071714-Key-Price-Action-Markets.png
071714-Key-Price-Action-Markets.png [ 946.61 KiB | Viewed 280 times ]

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

Session Start: Thu Jul 17 09:29:44 2014
Session Ident: ##TheStrategyLab
[09:29:44] * Now talking in ##TheStrategyLab
[09:29:44] * 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'
[09:29:44] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:29:45] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:15] <@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.
[09:31:19] <tradermo> short iwm 113.59
[09:34:42] <@wrbtrader> Nice looking gap down on the regular session charts of the Emini futures.
[09:35:24] <@wrbtrader> seems to be the only way swing traders can make money these days via these big GAPs up or down
[09:37:22] <@wrbtrader> Long Emini TF @ 1144.30 -> medium size
[09:37:40] <@wrbtrader> 3+2 contracts
[09:38:04] <@wrbtrader> oouch already :(
[09:39:58] <@wrbtrader> Exited Emini TF Long @ 1145.40 --> + 1.1
[09:40:00] <@wrbtrader> Holding 2 contract remainders
[09:40:14] <@wrbtrader> not a comfortable chop to be trading within
[09:43:01] <@wrbtrader> Exited Remainder Emini TF Long @ 1144.50 --> + 0.2
[09:46:31] <tradermo> long ym 17051
[09:47:11] <TradeSnake_> Long GC @ 1304.6
[09:53:33] <@wrbtrader> Long Emini TF @ 1144.30 -> medium size
[09:53:41] <@wrbtrader> 4 contracts
[09:53:44] <@wrbtrader> re-entry
[09:54:09] <tradermo> ym stop to breakeven 17051
[09:56:21] <tradermo> adding to iwm short 114.08
[09:57:03] <@wrbtrader> Exited 3/4 Emini TF Long @ 1145.50 --> + 1.2
[09:59:00] <tradermo> exit ym 17065
[09:59:31] <@wrbtrader> Exited Remainder Emini TF Long @ 1145.10 --> + 0.8
[09:59:39] <@wrbtrader> volatility very low
[10:00:03] <@wrbtrader> KME now
[10:00:09] <@wrbtrader> Philly Fed
[10:00:42] <@wrbtrader> Long Emini TF @ 1144.80 -> medium size
[10:00:57] <@wrbtrader> 3+1 contracts
[10:01:21] <@wrbtrader> Philly FED was not hyped at all all week...
[10:01:37] <@wrbtrader> Thus, I'm not expecting any big volatile movement out of it
[10:02:06] <@wrbtrader> most likely just chop for awhile until a normal looking WRB Hidden GAP shows up
[10:02:52] <@wrbtrader> Exited all Emini TF Long @ 1144.80 --> 0
[10:04:19] <@wrbtrader> Long Emini TF @ 1144.90 -> small size
[10:04:25] <@wrbtrader> 2 contracts
[10:04:31] <@wrbtrader> re-entry
[10:04:56] <@wrbtrader> volatility too low now to push anymore contracts beyond 1 - 2 contracts
[10:05:18] <@wrbtrader> more choppy too
[10:06:19] <@wrbtrader> Exited all Emini TF Long @ 1144.20 --> - 0.7
[10:07:02] <@wrbtrader> KME @ 1030am est
[10:07:27] <tradermo> long nq 3923.50
[10:15:22] <@wrbtrader> Crude Oil CL futures and Gold GC futures not doing much since 0930am est except for one Down WRB Hidden GAP (not too big)
[10:18:17] <tradermo> exit all nq 3917
[10:20:03] <tradermo> short nq 3918
[10:22:05] <@wrbtrader> Long Emini TF @ 1146.10 -> small size
[10:22:13] <@wrbtrader> 2 contracts
[10:22:21] <tradermo> ext all w 114.16
[10:22:29] <tradermo> exted w
[10:22:43] <@wrbtrader> chasing...should have been in @ 1145.20
[10:22:50] <@wrbtrader> got caught doing too much analysis
[10:25:01] <@wrbtrader> Emini TF filled in its regular session Down GAP
[10:25:26] <@wrbtrader> Exited all Emini TF Long @ 1146.20 --> + 0.1
[10:27:47] <@wrbtrader> Long Emini TF @ 1147.20 -> medium size
[10:28:02] <@wrbtrader> 4 contracts in at the regular session gap fill
[10:28:35] <@wrbtrader> Its still struggling to stay above that gap pivot
[10:31:16] <@wrbtrader> Exited all Emini TF Long @ 1146.30 --> - 0.9
[10:33:13] <@wrbtrader> Emini TF futures retesting the R area of its most recent Up WRB Hidden GAP 2min chart
[10:33:34] <@wrbtrader> Long Emini TF @ 1146.00 -> large size
[10:34:16] <@wrbtrader> 6 contracts
[10:34:18] <@wrbtrader> re-entry
[10:34:53] <@wrbtrader> Exited 1/2 Emini TF Long @ 1146.30 --> + 0.3
[10:35:02] <@wrbtrader> Exited Remainder Emini TF Long @ 1146.10 --> + 0.1
[10:35:31] <@wrbtrader> didn't like what it did when it hit 1146.80
[10:35:57] <@wrbtrader> it couldn't get to at least 1147.00
[10:36:31] <@wrbtrader> Also, volatility started declining again
[10:41:08] <@wrbtrader> Shorts Emini TF @ 1144.00 -> medium size
[10:41:16] <@wrbtrader> 3+1 contracts
[10:42:06] <@wrbtrader> Covered all Emini TF Short @ 1144.40 --> - 0.4
[10:42:28] <@wrbtrader> retracing back inside the range of the most recent Down WRB Hidden GAP
[10:43:50] <tradermo> short w 113.85
[10:44:01] <tradermo> need to fx y keybord :(
[10:44:22] <tradermo> soe letter not workng
[10:44:52] <@wrbtrader> Shorts Emini TF @ 1144.10 -> medium size
[10:45:00] <@wrbtrader> 4 contracts
[10:45:04] <@wrbtrader> re-entry
[10:45:56] <tradermo> stop at 114.36
[10:46:31] <tradermo> nq stop at 3927 - gone for a whle
[10:49:48] <@wrbtrader> WRB pt1 reached
[10:51:02] <@wrbtrader> Covered all Emini TF Short @ 1143.50 --> + 0.6
[10:53:02] <@wrbtrader> Price action now range bound on low volatility
[11:03:19] <TradeSnake_> Stopped GC @ 1302.6 -2.0
[11:05:03] <TradeSnake_> Heading off on a little fishing trip now. Gone for the rest of the day today tomorrow. See you guys back here Monday morning!
[11:08:34] <tradermo__> exit nq 3913
[11:09:11] <tradermo__> exit iwm 113.61
[11:11:49] <robbin_banks> sell tf @1141.50 4cnts
[11:13:02] <robbin_banks> close tf @1140.10 +1.4
[11:13:50] <@wrbtrader> Shorts Emini TF @ 1140.00 -> medium size
[11:14:44] <@wrbtrader> 4 contracts
[11:15:10] <@wrbtrader> Tradesnake...have a good fishing trip...wish we could trade places :)
[11:15:40] <@wrbtrader> I'm going to be calling it quits early today if I can catch a runner in one of these trades to put me above 1k for the day
[11:16:00] <@wrbtrader> WRB pt1 reached
[11:16:50] <@wrbtrader> Covered all Emini TF Short @ 1138.70 --> + 1.3
[11:17:43] <@wrbtrader> snap back on increasing volatility after the Down WRB Hidden GAP
[11:18:35] <@wrbtrader> Long Emini TF @ 1141.00 -> small size
[11:18:48] <@wrbtrader> 3 contracts
[11:20:11] <@wrbtrader> Exited all Emini TF Long @ 1141.10 --> + 0.1
[11:20:21] <@wrbtrader> shaken out :(
[11:23:54] <@wrbtrader> Long Emini TF @ 1141.00 -> small size
[11:24:05] <@wrbtrader> 3 contracts re-entry
[11:24:52] <@wrbtrader> Exited all Emini TF Long @ 1140.00 --> - 1
[11:26:21] <@wrbtrader> Long Emini TF @ 1140.50 -> medium size
[11:26:34] <@wrbtrader> 5 contracts
[11:26:59] <@wrbtrader> Exited all Emini TF Long @ 1139.30 --> - 1.2
[11:27:53] <@wrbtrader> Shorts Emini TF @ 1139.60 -> large size
[11:28:18] <@wrbtrader> lower highs putting downside pressure but the chop keeps trying to push it higher
[11:28:56] <tradermo__> long iwm 113.38
[11:29:28] <tradermo__> stop at 112.77
[11:30:17] <@wrbtrader> Covered 2/3 Emini TF Short @ 1137.00 --> + 2.6
[11:30:32] <@wrbtrader> WRB Hidden GAP pt1 reached
[11:30:40] <@wrbtrader> caught my runner I needed
[11:32:08] <@wrbtrader> another snap back :(
[11:33:37] <@wrbtrader> Covered Remainder Emini TF Short @ 1138.80 --> + 0.8
[11:33:44] <@wrbtrader> geeesh
[11:36:38] <robbin_banks> tf moving backup to that same area
[11:37:05] <robbin_banks> short tf @1140.80
[11:37:08] <robbin_banks> 2 cnts
[11:37:43] <robbin_banks> cover tf short @1140.00 +.80
[11:38:07] <tradermo__> stop to breakeven on iwm 113.38
[11:39:43] <@wrbtrader> Shorts Emini TF @ 1139.40 -> medium size
[11:39:56] <@wrbtrader> 5 contracts
[11:41:14] <@wrbtrader> chop today has been a pain in the butt
[11:43:11] <robbin_banks> agreed...looking at larger Time frame candles, looks like a see saw!! up down up down
[11:43:48] <@wrbtrader> Covered all Emini TF Short @ 1139.30 --> + 0.1
[11:44:30] <t4n> CL exploded out of the down trend at 1100
[11:44:49] <t4n> found resistance near open
[11:44:57] <@wrbtrader> agree
[11:45:28] <@wrbtrader> Hoping it can get back up to that Open area
[11:45:31] <tradermo__> exit all iwm 113.38
[11:45:48] <@wrbtrader> my gamble to wait for a better re-entry didn't work...
[11:45:54] <@wrbtrader> slowly dropping again
[11:49:58] <@wrbtrader> Shorts Emini TF @ 1140.10 -> large size
[11:50:53] <@wrbtrader> 7 tick better entry price than the price Short...hopefully the chop doesn't show up
[11:51:01] <@wrbtrader> it just did :(
[11:51:41] <@wrbtrader> that chop kills the position size...makes it now too risky
[11:52:36] <@wrbtrader> Covered 1/2 Emini TF Short @ 1139.90 --> + 0.2
[11:53:57] <@wrbtrader> now that I'm less nervous about the size...lets see if I can hold it for a WRB Hidden GAP pt1 on the remainders without the pressure
[11:54:53] <@wrbtrader> WRB Hidden GAP pt1 reached
[11:56:39] <@wrbtrader> Covered Remainder Emini TF Short @ 1136.40 --> + 3.7
[11:57:33] <@wrbtrader> held it beyond the target of the WRB Hidden GAP pt1 @ 1138.00 to make up for the early exit on the initial 3 contracts
[11:57:45] <@wrbtrader> Take care all and see all tomorrow
[11:59:59] <t4n> nice day to have chart issues bbl
[12:00:14] <robbin_banks> see ya mr p
[12:01:27] <tradermo__> long iwm 113.10
[12:02:00] <tradermo__> stop iwm 112.74
[12:13:53] <robbin_banks> off to my day job..take care all
[12:16:13] <tradermo__> stop to breakeven 113.10
[12:34:48] <tradermo__> exit all iwm 113.37
[12:36:57] <tradermo__> short iwm 113.47
[12:37:39] <tradermo__> stop at 113.91
[12:45:29] <tradermo__> stop to breakeven 113.47
[13:02:39] <tradermo__> exit all iwm 113.47
[13:04:28] <tradermo__> short iwm 113.45
[13:05:07] <tradermo__> stop at 113.83
[13:10:19] <tradermo__> short nq 3903
[13:10:48] <tradermo__> stop at 3913
[13:23:04] <tradermo__> exit all nq 3903
[13:23:14] <tradermo__> nq too slow for me here
[13:38:25] <tradermo__> stop to breakeven 113.47
[14:00:17] <tradermo__> exit half iwm 113.25
[14:01:34] <tradermo__> exit rem iwm 113.25
[14:01:56] <tradermo__> possible support area
[14:58:03] <tradermo__> short iwm 113.18
[14:58:38] <tradermo__> tricky trade, because we need to break support
[15:00:34] <tradermo__> stop to breakeven 113.18
[15:04:56] <tradermo__> not taking partials
[15:08:22] <tradermo__> exit half iwm 112.90
[15:11:57] <tradermo__> exit rem iwm 112.93
[15:14:59] <tradermo__> was expecting bigger down move but looked fishy
[15:18:59] <tradermo__> clearly got out of my nq short too early :(
[15:19:17] <t4n> yeah its tough to watch
[15:20:48] <tradermo__> nq tricky today because of expected earnings
[15:25:19] <Joshe_> Test, first login to ##TheStrategyLab. Hello.
[15:25:31] <t4n> hi
[15:26:00] <Joshe_> Hi t4n, is this end of day room population?
[15:26:47] <t4n> for today
[15:27:04] <t4n> i'll be leaving shortly, things to do
[15:27:15] <Joshe_> thanks
Today's Market Context: Malaysia commerical airlines shot down in Ukraine and Israel invasion of Gaza.
Session Close: Thu Jul 17 18:45:46 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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