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 Post subject: July 18th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Jul 19, 2014 10:47 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, 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:
071814-Key-Price-Action-Markets.png
071814-Key-Price-Action-Markets.png [ 1.29 MiB | Viewed 272 times ]

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

Session Start: Fri Jul 18 08:29:40 2014
Session Ident: ##TheStrategyLab
[08:29:40] * Now talking in ##TheStrategyLab
[08:29:40] * 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'
[08:29:40] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:29:40] -card.freenode.net:##TheStrategyLab- [freenode-info] help freenode weed out clonebots -- please register your IRC nick and auto-identify: http://freenode.net/faq.shtml#nicksetup
[08:29:40] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:27:32] <@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.
[09:34:53] <tradermo__> short ym 16975
[09:43:27] <tradermo__> stop to breakeven 16975
[09:56:00] <tradermo__> ym stop to 16995
[09:56:18] <tradermo__> for room to add
[10:04:37] <tradermo__> ym stop to breakeven 16975
[10:04:47] <tradermo__> didnt have chance to add :(
[10:10:42] <tradermo__> ym stop to 16995
[10:16:24] <tradermo__> again didnt get my price to add
[10:19:13] <tradermo__> ym to back to breakeven 16975
[10:26:43] <tradermo__> stop to 16995
[10:28:10] <tradermo__> need vol spike to add
[10:30:21] <tradermo__> tf pushing market up, but for how long ?
[10:30:56] <tradermo__> adding to ym 16975
[10:35:27] <tradermo__> market a bit slow today, will be back later
[10:57:06] <@wrbtrader> Long Emini TF @ 1140.50 -> large size
[10:57:15] <@wrbtrader> correction
[10:57:27] <@wrbtrader> Long Emini TF @ 1141.50 -> large size
[10:58:33] <@wrbtrader> I had some software problems this morning on my other computer...reason why I missed the critical first hour of the regular trading session
[11:00:14] <@wrbtrader> Exited 1/2 Emini TF Long @ 1143.20 --> + 1.7
[11:00:22] <@wrbtrader> Holding 4 contract remainders
[11:02:54] <t4n> CL trying to head lower
[11:05:15] <tradermo__> short iwm 113.70
[11:05:34] <tradermo__> ym trade stopped out
[11:06:03] <tradermo__> iwm retraced last 2min wrb hg
[11:07:09] <tradermo__> stop at 114.06
[11:08:44] <@wrbtrader> Exited Remainder Emini TF Long @ 1142.00 --> + 0.5
[11:09:33] <@wrbtrader> Long Emini TF @ 1141.40 -> large size
[11:09:42] <@wrbtrader> 6 contracts
[11:09:45] <@wrbtrader> re-entry
[11:10:50] <@wrbtrader> KME @ 1130am est...President Obama speech
[11:11:14] <t4n> CL finding support
[11:12:32] <@wrbtrader> Exited 1/2 Emini TF Long @ 1142.10 --> + 0.7
[11:14:51] <@wrbtrader> Exited Remainder Emini TF Long @ 1141.70 --> + 0.3
[11:30:43] <tradermo__> short ym 16992
[11:31:48] <tradermo__> stop at 17021
[11:43:46] <tradermo__> iwm again retraces last 2min wrb hg
[11:49:31] <tradermo__> exit all ym 17021
[11:49:34] <t4n> cl stuck in a range it seems
[12:13:04] <tradermo__> exit all iwm 114.06
[13:03:44] <tradermo__> long iwm 114.10
[13:13:15] <@wrbtrader> Shorts Emini TF @ 1145.00 -> small size
[13:13:32] <@wrbtrader> 3 contracts
[13:13:52] <@wrbtrader> WRB pt1 (shallow) reached
[13:17:47] <@wrbtrader> Covered all Emini TF Short @ 1143.90 --> + 1.1
[13:17:54] <@wrbtrader> WRB pt2 reached
[13:28:58] <@wrbtrader> ##TheStrategyLab Purpose -> -This chat room is for YOU to use as a daily journal of your thoughts or trades involving any key concept from the WRB Analysis free study guide. If you're in here and NOT talking about WRBs, WRB Hidden GAPs, key market events, swing point price actions, strong continuation price actions, WRB Zones...you are not properly using this chat room.
[13:30:13] <tradermo__> adding to iwm long 113.90
[13:31:19] <tradermo__> iwm trade is gamma scalp against iwm puts
[13:32:07] <@wrbtrader> Shorts Emini TF @ 1143.40 -> large size
[13:32:22] <tradermo__> iwm stop ~ 113.44
[13:32:46] <@wrbtrader> 3+3 contracts
[13:32:49] <@wrbtrader> snap back
[13:33:42] <@wrbtrader> Covered all Emini TF Short @ 1143.60 --> - 0.2
[13:35:01] <tradermo__> 113.44 is the price where market may get interesting again :)
[13:36:35] <tradermo__> but not expecting too much for a friday
[13:44:40] <tradermo__> iwm a bit weak here
[13:46:46] <tradermo__> es almost back in bull territory ~1972 but not quite
[13:54:16] <@wrbtrader> Gold GC futures low volatility but still abouve a few Up WRB Hidden GAPs
[13:57:09] <@wrbtrader> Nice recovery in Forex EurUsd currency since 0915am est...retracing several Down WRB Hidden GAPs
[13:57:37] <tradermo__> exi all iwm 113.99
[13:57:49] <tradermo__> iwm just too weak
[13:57:51] <@wrbtrader> Unfortunately it got back inside yesterday's low volatility trading range
[13:59:03] <@wrbtrader> Crude Oil CL futures in a low volatility tight trading range since 0830am est
[13:59:40] <t4n> yeah, tightening more
[14:00:26] <@wrbtrader> Emini ES futures low volatility but still above its most recent Up WRB Hidden GAP
[14:00:42] <@wrbtrader> via the 5min chart
[14:02:04] <tradermo__> key decision area in es - if there are still bears out there they need to try now
[14:02:27] <@wrbtrader> Treasuries Fall First Time in 3 Days as Ukraine Tension Eases (Bloomberg) @ http://www.bloomberg.com/news/2014-07-1 ... afety.html
[14:07:11] <@wrbtrader> Emini TF futures range bound since 1315pm est and volatility now is declining
[14:07:50] <@wrbtrader> TF price inside the range of the most recent Down WRB Hidden GAP via 1min chart
[14:09:00] <@wrbtrader> That Down WRB Hidden GAP overlaps other recent WRB Hidden GAP since 1315pm est (about 4 of them)
[14:09:41] <tradermo__> long nq 3922.50
[14:11:02] <tradermo__> stop at 3910
[14:13:49] <tradermo__> stop to breakeven 3922.50
[14:14:58] <Joshe_> Is it best to focus on a single market, say ES, to apply WRB principles while learning?
[14:17:33] <tradermo__> good question, i think more markets = more opportunities to learn
[14:18:27] <tradermo__> but my style is a bit different
[14:19:15] <@wrbtrader> Joshe...if you're trading ES...concentrate only on ES.
[14:19:47] <@wrbtrader> In contrast, if you're trading Emini ES and Forex GBPUSD...concentrate on both of them
[14:20:18] <@wrbtrader> My point...you should apply WRB Analysis to whatever markets you're trading.
[14:20:36] <Joshe_> understood, thanks wrbtrader & tradermo
[14:20:39] <@wrbtrader> Thus, if you're trading 3 different markets...I would not focus on just one of them.
[14:20:52] <@wrbtrader> Instead, I would focus on all three markets
[14:22:06] <@wrbtrader> Yet, you must always keep in mind that major markets that are traded from around the world...these markets are interconnected.
[14:22:14] <@wrbtrader> I'm not talking about correlation stuff...
[14:22:37] <@wrbtrader> I'm talking about how volatility moves from one market to the next just because something happens in a different market.
[14:22:57] <@wrbtrader> I'll give a little insight about such from inside a institutional trading room...
[14:23:44] <@wrbtrader> Many key firms (big boys) that moves the markets...they have big trading rooms with different types of traders in them.
[14:24:15] <@wrbtrader> Its very common for like the Oil traders to stand up and tell everybody that oil is moving heavily...
[14:24:50] <@wrbtrader> Yelling such will also have an impact on the Gold traders in the same room...same with the Treasury traders that also sit in the same room
[14:25:19] <@wrbtrader> They hear each other talking and it impacts their position size, specific trades and such.
[14:25:34] <@wrbtrader> Take that info and apply it to us retail traders...
[14:25:49] <@wrbtrader> If I see a volatility spikes or very strong movements in Gold GC futures...
[14:25:58] <@wrbtrader> while I'm trading Emini TF futures...
[14:26:23] <@wrbtrader> I start to watch closely to see if that volatility will soon move into the Emini futures
[14:27:47] <tradermo__> exit all nq 3931
[14:27:49] <@wrbtrader> These guys/gals (different types of traders) at the same firm know what each other is doing
[14:28:09] <@wrbtrader> Heck...sometimes they even have meetings about such while trading
[14:28:31] <@wrbtrader> This is what I saw specifically at several different institutional trading firms.
[14:28:58] <@wrbtrader> That's why I say markets are interconnected eventhough they are not correlated
[14:29:16] <@wrbtrader> in reference to the major markets
[14:30:36] <@wrbtrader> Long Emini TF @ 1147.50 -> small size
[14:30:52] <tradermo__> es 1972, let's see if we can hold that
[14:31:01] <@wrbtrader> 1+1+1 contracts
[14:31:50] <tradermo__> tf a bit slow on this move so far
[14:32:03] <@wrbtrader> Josh...that's why I like to watch different markets while I trade Emini TF futures...helps tremendously with my "market context" for the trading day.
[14:32:22] <@wrbtrader> For example, if I see Forex EurUsd move heavily...
[14:32:45] <@wrbtrader> It tells me something is happening in Europe eventhough I don't know what that "something" is.
[14:33:16] <@wrbtrader> unless its economic report related here in North America
[14:33:38] <@wrbtrader> Exited all Emini TF Long @ 1147.50 --> 0
[14:33:48] <@wrbtrader> looks like I caught some contraction
[14:34:09] <@wrbtrader> don't want to hang around too long in that at this time of the trading day
[14:34:17] <tradermo__> short iwm 114.25
[14:34:33] <@wrbtrader> especially when other key markets are still range bound
[14:35:01] <@wrbtrader> I would rather just wait for the next volatility spike in TF to see if it sets up something new
[14:36:32] <@wrbtrader> TF having problems trying to pop above the 1147.90 price
[14:36:48] <tradermo__> iwm stop at 114.71
[14:39:03] <@wrbtrader> Emini TF retesting the R area of the most recent Up WRB Hidden GAP on the 3min chart
[14:45:35] <tradermo__> retracing wrb down hg in nyse adv 2min
[14:46:49] <tradermo__> iwm stop to breakeven 114.25
[14:54:39] <Joshe_> thanks wrbtrader, was afk, but just caught up reading now.
[15:09:20] <tradermo__> exit all iwm 114.25
[15:10:30] <tradermo__> es 1972 holding -> bulls are back
[15:25:28] <tradermo__> short iwm 114.25
[15:32:56] <@wrbtrader> Long Emini TF @ 1147.70 -> small size
[15:33:03] <@wrbtrader> 2 contracts
[15:33:10] <@wrbtrader> :(
[15:33:43] <@wrbtrader> I just saw the time...I need to go
[15:33:52] <@wrbtrader> won't be able to manage this trade properly as a day trade...will instead manage it as a swing trade...bye all and have a nice weekend
[15:37:59] <tradermo__> exit iwm 114.23
[15:38:28] <tradermo__> getting out -- too little movement
[18:17:56] <Joshe_> Have a nice weekend folks!
Session Close: Fri Jul 18 19:32:04 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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