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 Post subject: July 24th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Jul 26, 2014 4:43 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)
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, 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:
072414-Key-Price-Action-Markets.png
072414-Key-Price-Action-Markets.png [ 970.02 KiB | Viewed 298 times ]

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

Session Start: Thu Jul 24 09:26:50 2014
Session Ident: ##TheStrategyLab
[09:26:50] * Now talking in ##TheStrategyLab
[09:26:50] * 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'
[09:26:50] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:26:50] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:40:27] <TradeSnake_> Long GC @ 1291.5
[09:42:59] <tradermo> long iwm 115.30
[09:43:37] <tradermo> stop 114.96
[09:45:16] <tradermo> stop to breakeven 115.30
[09:46:27] <wrbtrader> Emini futures looks messy out of the regular session gate
[09:47:17] <tradermo> exit half iwm 115.56
[09:48:05] <wrbtrader> Long Emini ES futures @ 1984.00 large size 20 contracts
[09:50:02] <TradeSnake_> Flat GC @ 1291.8 +0.3
[09:50:49] <tradermo> exit rem iwm 115.30
[09:52:43] <wrbtrader> Exit Emini ES futures @ 1983.25 -0.75
[09:52:48] <wrbtrader> KMEs @ 1000am, 1030am est
[09:54:29] <tradermo> long ym 17045
[09:58:21] <wrbtrader> Short Emini ES futures @ 1981.50 large size 20 contracts
[10:00:12] <wrbtrader> Exit all Emini ES futures @ 1980.50 +1.00
[10:00:23] <wrbtrader> WRB pt1 reached
[10:00:25] <tradermo> nice volatility today :)
[10:00:38] <wrbtrader> Shorts Emini TF @ 1154.70 -> large size
[10:00:53] <wrbtrader> 6 contracts
[10:01:50] <wrbtrader> I'm still having problems switching trading instruments during a volatility spike
[10:02:12] <wrbtrader> It started 2 months ago during the strange choppy volatility...
[10:02:26] <wrbtrader> In comparison, didn't have a problem with such for +10 years
[10:02:57] <wrbtrader> Covered all Emini TF Short @ 1154.60 --> + 0.1
[10:04:19] <wrbtrader> Emini TF futures stalled at the S area of the first Down WRB Hidden GAP involving the KME
[10:05:09] <tradermo> exit all ym 17018
[10:06:20] <wrbtrader> Shorts Emini TF @ 1153.50 -> large size
[10:06:40] <wrbtrader> 4+2 contracts
[10:08:28] <wrbtrader> Covered all Emini TF Short @ 1154.70 --> - 1.2
[10:09:32] <tradermo> short nq 3973.75
[10:10:09] <wrbtrader> Shorts Emini TF @ 1155.00 -> large size
[10:10:21] <wrbtrader> 4+1+1 contracts
[10:10:24] <wrbtrader> re-entry
[10:10:52] <wrbtrader> :(
[10:10:53] <wrbtrader> geeesh
[10:11:46] <wrbtrader> price action stalling again...starting to look like these two trades are going to be a "churn"
[10:14:27] <wrbtrader> Covered all Emini TF Short @ 1155.50 --> - 0.5
[10:15:12] <wrbtrader> TF back inside the range of the KME WRB Hidden GAP
[10:15:41] <tradermo> stop to breakeven 3973.75
[10:15:43] <wrbtrader> Shorts Emini TF @ 1154.60 -> large size
[10:15:55] <wrbtrader> 4+3 contracts
[10:16:01] <wrbtrader> re-entry
[10:16:41] <wrbtrader> still having problems keeping these Short positions while my re-entries are lower prices :(
[10:19:05] <wrbtrader> Covered all Emini TF Short @ 1153.50 --> + 1.1
[10:19:22] <wrbtrader> not a WRB pt1
[10:19:54] <wrbtrader> Exited to bank some profit so that I can start getting out of this hole with Emini TF futures
[10:20:55] <wrbtrader> Shorts Emini TF @ 1153.80 -> large size
[10:21:09] <wrbtrader> 3+3 contracts
[10:22:27] <wrbtrader> Emini TF has more chops than Bruce Lee :(
[10:22:49] <TradeSnake_> Lol
[10:23:31] <wrbtrader> Covered all Emini TF Short @ 1154.50 --> - 0.7
[10:23:56] <wrbtrader> TF back inside again of that KME WRB Hidden GAP
[10:24:21] <wrbtrader> It keeps bouncing (chopping around) the S area of that KME Down WRB Hidden GAP
[10:24:48] <wrbtrader> S area @ 1154.20
[10:25:35] <wrbtrader> Shorts Emini TF @ 1154.90 -> large size
[10:26:09] <wrbtrader> 2+2+3 contracts re-entries
[10:27:50] <wrbtrader> Crude Oil CL futures already reacting to its pending EIA report
[10:28:01] <wrbtrader> 1030a est KME
[10:28:16] <tradermo> exit all nq 3973.75
[10:28:19] <wrbtrader> Covered all Emini TF Short @ 1154.80 --> + 0.1
[10:28:35] <wrbtrader> Its spike so early spooked me out of TF
[10:29:05] <wrbtrader> not normal to see CL react "early" like that
[10:29:33] <wrbtrader> I had a similar like trade yesterday in the 4pm est rush hour traffic...
[10:30:07] <wrbtrader> I got spooked out early of a Long position in Emini TF when Emini NQ suddenly did a a volatility spike downards in its price action
[10:30:31] <wrbtrader> NQ price reaction also wasn't normal to see in the 4pm est rush hour traffic
[10:31:06] <wrbtrader> I think tradesnake said it had something to do with FB (facebook) earnings announcement
[10:31:57] <wrbtrader> correction - 1030KME is the Natural GAS report...not the EIA Oil report
[10:32:27] <tradermo> short nq 3975
[10:34:32] <tradermo> stop to breakeven 3975
[10:34:57] <wrbtrader> Shorts Emini TF @ 1155.70 -> large size
[10:35:37] <wrbtrader> 2+2+3 contracts re-entries
[10:36:15] <wrbtrader> volatility increasing
[10:37:28] <wrbtrader> first trade today I've had where the volatility increased after entry instead of stalling...
[10:37:41] <wrbtrader> Now its starting to dry up
[10:37:57] <wrbtrader> WRB pt1 (shallow) reached
[10:38:11] <wrbtrader> Covered Emini TF Short @ 1154.90 --> + 0.8
[10:38:19] <wrbtrader> holding 3 contract remainders
[10:40:02] <wrbtrader> Covered Remainder Emini TF Short @ 1154.00 --> + 1.7
[10:40:09] <wrbtrader> WRB pt2 reached
[10:44:10] <tradermo> exit all nq 3975
[10:45:04] <tradermo> short iwm 115.00
[10:46:53] <tradermo> switching the horse because nq keeps stopping me out
[10:50:00] <tradermo> stop to breakeven 115.00
[10:50:26] <wrbtrader> Just like yesterday when that crappy price action showed up for a very long duration...
[10:50:43] <wrbtrader> WRB Hidden GAPs are starting to share price ticks (overlapping)
[10:51:09] <wrbtrader> Up/Down WRB Hidden GAP sharing ticks not good price action to trade
[10:51:20] <wrbtrader> I learned my lession yesterday about such...
[10:51:36] <wrbtrader> Won't hang around today and trade the same junk
[10:52:09] <@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.
[10:58:17] <tradermo> exit all iwm 115.00
[11:13:04] <t4n> TF testing upper part of Opening gap
[11:15:04] <t4n> it didnt hang around long in the overlapping WRB area
[11:18:18] <tradermo> short ym 17040
[11:29:26] <tradermo> stop for ym at 17060
[11:39:31] <tradermo> exit all ym 17040
[11:39:44] <tradermo> ym too slow
[11:44:02] <robbin_banks> long tf 1157.40 5 contracts
[11:44:44] <robbin_banks> hoping price will bounce of 1min HG
[11:49:31] <robbin_banks> exit all 1158.30 +.9
[11:49:48] <@wrbtrader> Long Emini TF @ 1158.10 -> small size
[11:49:54] <robbin_banks> first wrb hg
[11:49:55] <@wrbtrader> 2 contracts
[11:51:11] <robbin_banks> if i can get a better price i would re -enter on the 1 min tf current HG...
[11:54:05] <robbin_banks> long tf 5 contracts @1158.00
[11:54:57] <robbin_banks> exit all tf @1158.00
[11:55:29] <robbin_banks> saw the down HG candle on tf 1min ..got scared out
[11:56:16] <robbin_banks> lol...poetic justice!!
[11:58:16] <@wrbtrader> Exited all Emini TF Long @ 1158.60 --> + 0.5
[11:58:22] <@wrbtrader> WRB pt1 reached
[12:10:10] <robbin_banks> off to the day job..take care all
[12:40:14] <@wrbtrader> Treasuries Drop as U.S. Jobless Claims Decline to 8-Year Low (bloomberg) @ http://www.bloomberg.com/news/2014-07-2 ... tlook.html
[12:43:10] <@wrbtrader> Facebook still the talk of the town today...today's price action still above its most recent Down WRB Hidden GAP and still above its regular session gap.
[12:43:19] <@wrbtrader> Price around 76.17
[12:43:50] <@wrbtrader> FB down WRB Hidden GAP via 15min chart
[12:44:44] <t4n> I think this is the first time I have ever heard you mention a stock like that
[12:44:57] <@wrbtrader> Only for WRB Analysis
[12:46:15] <@wrbtrader> Apple (AAPL) bounced off the R area of its Up WRB Hidden GAP off 1110am est
[12:46:58] <@wrbtrader> AAPL price action currently retesting the S area of the most recent Up WRB Hidden GAP of 1200pm est via 5min chart
[12:49:11] <@wrbtrader> basically AAPL price action is currently between those mention Up WRB Hidden GAPs on the 5min chart
[12:49:43] <t4n> I've been looking at weekly WRBHG's in stocks
[12:50:07] <t4n> hard to figure out how valid it is
[12:50:19] <t4n> setups are few
[12:50:23] <@wrbtrader> Gold GC futures very low volatility and in a tight trading range...stuck inside the range of the Up WRB Hidden GAP of 1210pm est
[12:51:00] <@wrbtrader> WRB Analysis works good on stocks. I just don't trust the trade signals I use on stocks...reason why I don't trade stocks
[12:51:11] <tradermo> this is very good wrbtrader, are there any trade ideas on stocks, e.g. for swings that follow from that ?
[12:51:38] <@wrbtrader> I don't trade stocks...only long term investments for retirement stuff
[12:52:05] <t4n> i dont use daily, but weekly looks good on WRBHG's in stocks
[12:52:33] <t4n> I would need a program to find setups, just too much manual work
[12:52:44] <t4n> stock after stock
[12:52:58] <t4n> and to be timely, even more dificult
[12:53:01] <tradermo> yes, agree to many stocks to watch
[12:53:37] <@wrbtrader> Most of the stuff i have for long term investments I've been holding since 2002
[12:54:23] <tradermo> problem with aapl is high spread, so was not sure if wrb entries would work as nicely as in tf
[12:54:48] <tradermo> higher tf might be the solution, indeed
[12:54:56] <tradermo> tf = timeframe
[12:56:03] <@wrbtrader> Like I said, I don't trade stocks.
[12:56:37] <@wrbtrader> For stocks investments...weekly and monthly charts are perfect
[12:57:06] <@wrbtrader> I know some folks that use intraday and daily charts...I just can't see why if its an investment
[13:02:19] <t4n> cl flatlined
[13:03:07] <TradeSnake_> Short GC @ 1291.2
[13:03:25] <tradermo> weakness in tf and ym coming back, es holding a bit better
[13:04:06] <@wrbtrader> Shorts Emini TF @ 1153.70 -> small size
[13:04:37] <@wrbtrader> 1+2 contracts
[13:06:16] <t4n> cl traders must have come over to the russel train
[13:07:43] <@wrbtrader> WRB Hidden GAP pt1 reached
[13:08:16] <@wrbtrader> Covered 2/3 Emini TF Short @ 1149.70 --> + 4
[13:28:09] <tradermo> long ym 17023
[13:28:35] <tradermo> almost dcm up in ym 2min
[13:29:47] <tradermo> tight stop at 17010
[13:30:41] <@wrbtrader> Emini TF retesting the S area of its most recent Down WRB Hidden GAP
[13:30:47] <tradermo> hoping for short covering in ym here
[13:31:05] <tradermo> hence tight stop is ok
[13:32:46] <tradermo> also big guys seem to think of this as a buying opportunity, which is strange but ok for me
[13:34:39] <@wrbtrader> Covered Emini TF Short @ 1150.60 --> + 3.1
[13:37:29] <tradermo> exit all ym 17020
[13:38:19] <tradermo> no short covering so far
[13:41:25] <@wrbtrader> Shorts Emini TF @ 1150.40 -> small size
[13:41:33] <@wrbtrader> 1 contract
[13:43:37] <TradeSnake_> Flat GC @ 1290.2 +1.0
[13:45:58] <@wrbtrader> mtntrader...please respond to the pm I just sent you...thanx
[13:50:15] <@wrbtrader> time for a break
[13:50:19] <@wrbtrader> for me too
[13:50:33] <@wrbtrader> Covered Emini TF Short @ 1150.00 --> + 0.4
[13:51:11] <@wrbtrader> I've made some homemade kites...gonna to test them out today for the first time with the kids...
[13:51:22] <@wrbtrader> Take care all and see all tomorrow
[14:00:41] <tradermo> short ym 17025
[14:01:01] <tradermo> selling into small guys short covering
[14:01:50] <tradermo> small drawback is that big guys still somewhat bullish
[14:02:28] <tradermo> stop at 17045
[14:08:35] <tradermo> exit all ym 17024
[14:09:06] <tradermo> ym still too slow
[14:39:30] <tradermo> long es 1981.50
[14:40:10] <tradermo> stop at 1979.50
[14:56:20] <tradermo> stop to 1981
[14:58:20] <tradermo> exit all es 1981
[15:09:36] <tradermo> long iwm 114.50
[15:10:16] <tradermo> stop at 114.22
[15:16:05] <tradermo> stop to breakeven 114.50
[15:16:23] <tradermo> a bit weak still
[15:32:50] <tradermo> exit half iwm 114.64
[15:38:28] <tradermo> exit rem iwm 114.65
[15:42:03] <tradermo> short iwm 114.71
[15:42:52] <tradermo> stop at 114.95
[15:57:40] <tradermo> exit all iwm 114.78
[15:58:54] <TradeSnake_> Short GC @ 1293.3
[16:00:57] <TradeSnake_> Flat GC @ 1292.3 +1.0
Session Close: Thu Jul 24 20:04:49 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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