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 Post subject: July 28th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Jul 29, 2014 5:22 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
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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:
072814-Key-Price-Action-Markets.png
072814-Key-Price-Action-Markets.png [ 882.87 KiB | Viewed 283 times ]

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

Session Start: Mon Jul 28 08:13:37 2014
Session Ident: ##TheStrategyLab
[08:13:37] * Now talking in ##TheStrategyLab
[08:13:37] * 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'
[08:13:37] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:13:37] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:36:18] <Tigerman__> gm all
[09:36:26] <Tigerman__> lg dax 3250
[09:37:24] <Tigerman__> exit all dax at 3350 + 1pt
[09:40:16] <wrbtrader> Shorts Emini TF @ 1138.50 -> medium size
[09:40:30] <wrbtrader> 2+3 contracets
[09:42:26] <Tigerman__> sh dax 9622
[09:42:37] <wrbtrader> Covered all Emini TF Short @ 1138.50 --> 0
[09:43:52] <wrbtrader> Shorts Emini TF @ 1137.00 -> medium size
[09:44:01] <wrbtrader> 5 contracts
[09:44:02] <Tigerman__> exita all dax 9612 +10 pt
[09:44:04] <wrbtrader> re-entry
[09:45:53] <Tigerman__> sh dax 9589
[09:45:56] <wrbtrader> I hate this type of chop
[09:46:05] <Tigerman__> exit 1/2 9588 +1
[09:46:06] <wrbtrader> It's been going on for several months now
[09:46:07] <wrbtrader> crazy
[09:46:16] <Tigerman__> exit all 9586 + 3
[09:48:39] <wrbtrader> Covered all Emini TF Short @ 1134.20 --> + 2.8
[09:48:49] <wrbtrader> early exit
[09:48:59] <wrbtrader> not a WRB pt1
[09:48:59] <Tigerman__> sh dax 9591
[09:49:11] <Tigerman__> exit all at 9587 + 3pt
[09:49:14] <wrbtrader> :(
[09:51:20] <Tigerman__> dax near mid may price area
[09:55:30] <wrbtrader> Pending 1000am est KME
[09:55:46] <tradermo> short ym 16840
[09:56:45] <tradermo> stop at 16862
[09:57:04] <wrbtrader> Short Emini ES futures @ 1966.25 large size 10+15 contracts
[09:58:59] <Tigerman__> contracting decline in dax before home news
[09:59:13] <Tigerman__> <i mean volatility decline
[10:00:50] <wrbtrader> Exit all Emini ES futures @ 1965.75 +0.50
[10:01:07] <tradermo> exit all ym 16840
[10:01:09] <wrbtrader> WRB pt1 reached but not able to grab it...shake out @ trail :(
[10:01:27] <tradermo> ym not acting well for a short :)
[10:02:09] <Tigerman__> sh dax 9582
[10:02:22] <Tigerman__> exit 9586 -4pt
[10:02:32] <wrbtrader> Short Emini ES futures @ 1965.25 large size 20 contracts
[10:02:42] <wrbtrader> re-entry
[10:03:23] <Tigerman__> sh dax 9587
[10:03:32] <Tigerman__> exit all 9573 +5 pt
[10:03:42] <Tigerman__> :( miss the big target
[10:04:46] <wrbtrader> Exit all Emini ES futures @ 1964.00 +1.25
[10:05:09] <wrbtrader> WRB pt1 reached but not able to grab it...shaken out @ trail
[10:05:17] <Tigerman__> volatility increase in dax near this month high
[10:06:15] <wrbtrader> Shorts Emini TF @ 1132.90 -> large size
[10:06:30] <wrbtrader> 6 contracts
[10:07:54] <wrbtrader> Covered 1/2 Emini TF Short @ 1133.30 --> - 0.4
[10:08:07] <wrbtrader> Covered Remainder Emini TF Short @ 1133.20 --> - 0.3
[10:08:34] <wrbtrader> contraction showing up
[10:09:03] <wrbtrader> not really chop but just some tricky contraction
[10:09:43] <wrbtrader> missed jumping back into Emini ES with the TF trade I didn't like
[10:10:27] <wrbtrader> Lately we dont see that WRB Hidden GAP following immediately another WRB Hidden GAP.
[10:10:50] <wrbtrader> It's mainly just chop and/or contraction that follows a WRB Hidden GAP...
[10:11:04] <wrbtrader> That's a symptom of the problem with the volatility
[10:11:06] <tradermo> long iwm 112.72
[10:11:28] <wrbtrader> someone(s) controlling or manipulating the flow sort'uv speak
[10:13:00] <tradermo> stop to breakeven 112.72
[10:13:14] <wrbtrader> Gold GC futures and WTI Crude CL futures really doesn't have the same volatility as the Emini Futures.
[10:13:48] <wrbtrader> Usually means the volatility is mainly homebound...not globally connected right now
[10:16:02] <Tigerman__> sh dax 9555
[10:16:16] <Tigerman__> exit dax 9555 0
[10:16:24] <tradermo> exit all iwm 117.72
[10:16:27] <Tigerman__> too contracting
[10:18:13] <wrbtrader> Shorts Emini TF @ 1130.20 -> large size
[10:18:28] <tradermo> long ym 16809
[10:18:34] <wrbtrader> 3+3+1 contracts
[10:18:45] <wrbtrader> ouuch
[10:19:11] <wrbtrader> Covered all Emini TF Short @ 1129.90 --> + 0.3
[10:19:26] <tradermo> ym stop at 16787
[10:19:28] <wrbtrader> 3 contracts of that @ 1129.80
[10:20:17] <tradermo> ym stop to breakeven 16809
[10:20:17] <wrbtrader> sidelined...need to fix a problem with my data recorder...its been bugging too much this morning
[10:27:20] <tradermo> keeping ym stop at 16809 - possible trend day below - away for a while
[10:29:24] <wrbtrader> Shorts Emini TF @ 1129.90 -> large size
[10:29:44] <wrbtrader> 6+1+2 contracts
[10:30:18] <wrbtrader> weird morning so far...
[10:30:44] <wrbtrader> every time I take a trade in TF...it feels like I should have taken Emini ES futures instead of Emini TF
[10:31:08] <robbin_banks> long ym @16828 5 contracts
[10:31:12] <wrbtrader> Then when I take a trade in Emini ES futures...it feels like I should have taken the trade instead in Emini TF futures
[10:31:55] <robbin_banks> long 5 conts ym @16828
[10:32:45] <wrbtrader> Covered 1/3 Emini TF Short @ 1128.90 --> + 1
[10:33:08] <wrbtrader> Covered 1/3 Emini TF Short @ 1129.70 --> + 0.2
[10:33:28] <wrbtrader> Covered Remainder Emini TF Short @ 1130.10 --> - 0.2
[10:33:47] <wrbtrader> Shorts Emini TF @ 1130.50 -> large size
[10:34:10] <wrbtrader> re-entry
[10:34:33] <wrbtrader> 3+1+1+1 contracts
[10:34:55] <wrbtrader> WRB snap backs
[10:35:09] <wrbtrader> first one of the day I caught instead of going against me
[10:35:18] <wrbtrader> WRB pt1 reached
[10:35:26] <robbin_banks> covered ym @16818 -10
[10:35:46] <wrbtrader> Covered 1/2 Emini TF Short @ 1127.30 --> + 3.2
[10:36:21] <wrbtrader> Covered Remainder Emini TF Short @ 1128.00 --> + 2.5
[10:36:41] <wrbtrader> Its doing another snap back
[10:36:45] <wrbtrader> :(
[10:37:39] <wrbtrader> Emini futures price action still "obviously" down trend
[10:38:12] <wrbtrader> The problem still remains that its difficult to hold on Short positions because of the snap backs and chop
[10:40:24] <wrbtrader> FOMC Announcement on Wednesday
[10:40:36] <wrbtrader> Lots of hype today already about it
[10:40:53] <robbin_banks> short ym 5 conts @16835
[10:41:40] <wrbtrader> WTI, Brent Decline as Flow of Crude Unaffected in Mideast (bloomberg) @ http://www.bloomberg.com/news/2014-07-2 ... -data.html
[10:42:26] <wrbtrader> U.S. Stocks, Oil Drop on Housing Data; Russia Shares Fall (bloomberg) @ http://www.bloomberg.com/news/2014-07-2 ... -drop.html
[10:43:55] <robbin_banks> tight stop on ym ..SL set at break of current ym 1min HG 16839 resistance
[10:44:11] <@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.
[10:44:13] <robbin_banks> sl hit on ym
[10:44:42] <@wrbtrader> Emini TF futures retesting the S area of its most recent Down WRB Hidden GAP 2min chart
[10:45:03] <@wrbtrader> first time I've had the time to post some WRB Analysis info
[10:45:29] <@wrbtrader> Emini TF volatility spike...now retesting the R area of the same Down WRB Hidden GAP interval
[10:45:51] <Tigerman__> lg dax 9572
[10:45:57] <tradermo> exit all ym 16850
[10:46:51] <Tigerman__> exit all dax 9572.5 pt 0.5 pt
[10:47:16] <@wrbtrader> Long Emini TF @ 1131.40 -> small size
[10:47:21] <@wrbtrader> 2 contracts
[10:48:01] <@wrbtrader> Exited all Emini TF Long @ 1131.90 --> + 0.5
[10:48:10] <@wrbtrader> early exit
[10:48:17] <@wrbtrader> sideline...will just watch awhile
[10:55:27] <tradermo> short iwm 112.70
[10:56:06] <tradermo> stop at 113.00
[10:58:35] <robbin_banks> long tf 2 conts...@1131.40...price bouncing between 2 different tf 3min hg's...
[10:59:42] <tradermo> stop to breakeven on iwm 112.70
[11:00:01] <@wrbtrader> Shorts Emini TF @ 1130.20 -> large size
[11:01:03] <@wrbtrader> Covered all Emini TF Short @ 1130.40 --> - 0.2
[11:01:10] <@wrbtrader> writing on the wall
[11:01:29] <@wrbtrader> you see volatility show up and you enter a trade...
[11:01:46] <@wrbtrader> Then if it suddenly "dries up"...get out and try again later
[11:02:27] <@wrbtrader> 6 contract trade
[11:05:06] <tradermo> tf trying to snap back, but quite weak still
[11:05:37] <tradermo> exit all iwm 112.70
[11:06:11] <robbin_banks> exit all tf longs @1131.70 +.30..just thankfull to get outa that one
[11:06:26] <Tigerman__> lg dax 9585
[11:06:57] <Tigerman__> exit dax at 9588 +3 pt
[11:08:08] <@wrbtrader> Shorts Emini TF @ 1130.30 -> medium size
[11:08:19] <@wrbtrader> 4 contracts
[11:09:43] <@wrbtrader> Covered all Emini TF Short @ 1131.00 --> - 0.7
[11:10:06] <Tigerman__> lg dax 9590.5
[11:10:18] <tradermo> short iwm 112.70
[11:10:21] <tradermo> reentry
[11:10:39] <Tigerman__> exit all 9594.5 +4 pt
[11:10:44] <tradermo> stop at 113.00
[11:10:53] <Tigerman__> exit too early
[11:11:25] <Tigerman__> in reality the spike up cacth my exit before I move it up
[11:17:02] <@wrbtrader> Shorts Emini TF @ 1130.90 -> medium size
[11:17:13] <@wrbtrader> 4 contracts
[11:17:18] <@wrbtrader> re-entry
[11:17:56] <@wrbtrader> trail stops haven't worked well at all the past few months with all the strange chop and low volatility
[11:18:24] <@wrbtrader> I've had a high percentage of trades the past few months where as soon as I trail @ profit...
[11:18:34] <tradermo> stop to breakeven on iwm 112.70
[11:18:48] <@wrbtrader> The stop its magically hit in one of those weird volatility snap backs
[11:19:06] <tradermo> hopefully it does not snap back again
[11:20:45] <tradermo> exit all iwm 112.70
[11:20:51] <@wrbtrader> Covered all Emini TF Short @ 1131.80 --> - 0.9
[11:21:09] <tradermo> tf a bit flaky today :(
[11:21:44] <@wrbtrader> 3rd consecutive losing trade...all shorts and all entries at a higher price
[11:22:12] <@wrbtrader> higher lows on declining volatility
[11:22:38] <tradermo> now waiting for higher entry price on iwm
[11:26:07] <tradermo> short iwm 112.79
[11:27:10] <tradermo> stop at 113.20
[11:29:08] <@wrbtrader> Long Emini TF @ 1133.80 -> medium size
[11:29:27] <@wrbtrader> 4 contracts
[11:30:16] <@wrbtrader> Exited all Emini TF Long @ 1134.00 --> + 0.2
[11:44:13] <tradermo> stop to breakeven on iwm 112.79
[11:47:15] <TradeSnake_> Short GC @ 1304.0
[11:47:27] <tradermo> exit all iwm 112.65
[12:04:21] <@wrbtrader> volatility in the Emini futures still declining
[12:11:24] <Tigerman__> take care all see next time
[12:13:24] <tradermo> long ym 16860
[12:15:07] <tradermo> stop at 16840
[12:15:24] <robbin_banks> long tf @1131.10 5 cnts
[12:15:52] <tradermo> ym = hedge trade for some equity positions i am holding
[12:16:43] <tradermo> but probably ok as standalone
[12:18:50] <robbin_banks> am hoping for a small bounce again off this 1min HG..not much vola so very small TP..
[12:19:53] <robbin_banks> didnt get a very good entry either
[12:20:27] <robbin_banks> cover all tf @1131.20 +.10..just dont like it
[12:32:21] <robbin_banks> off to day job...booo!! take care all
[12:39:39] <@wrbtrader> Most traders don't like to trade volatility...
[12:40:14] <@wrbtrader> They are more comfortable in trading "calm" price actions or anyting that doesn't have much volatility
[12:40:58] <@wrbtrader> That type of price action I can't stand...must be my character because if I'm wrong about the price action...
[12:41:29] <@wrbtrader> I want to know I'm wrong sooner (within a few minutes) instead of later (after a few hours)
[12:41:56] <@wrbtrader> Its also a patience issue
[12:42:27] <@wrbtrader> I don't have much patience which is why swing trading sucks the energy out of me.
[12:42:49] <@wrbtrader> Its a psychological issue for me to why I prefer day trading over swing trading.
[12:43:27] <@wrbtrader> I do swing trading but only when all the ducks line up for me psychologically to be able to properly manage a swing trade
[12:44:20] <@wrbtrader> Swing trading to me is toughest type of trading there is and its mainly a psychological issue for me
[12:44:27] <tradermo> stop to breakeven on ym 16860
[12:45:20] <@wrbtrader> In contrast, many traders hate day trading...too much pressure or stress.
[12:46:16] <@wrbtrader> I'm talking about this to give an example why some trading styles are choosen because it fits the trader personality or personal lifestyle.
[12:46:59] <@wrbtrader> For example, when I was in college...I primarily did swing trading.
[12:47:42] <@wrbtrader> In contrast, day trading did not fit my college schedule nor social life to well...which is why I did very little day trading while in college
[12:48:59] <@wrbtrader> In fact, most of the swing traders I know...they are swing trading because of personal lifestyle (e.g. doesn't interfer with their day job sort'uv speak)
[12:50:17] <@wrbtrader> Long Emini TF @ 1131.80 -> medium size
[12:50:47] <@wrbtrader> Emini TF fought its way back inside the range of its most recent Down WRB Hidden GAP 2min chart
[12:51:18] <@wrbtrader> confirmation of such @ 1246pm est
[12:51:31] <tradermo> exit all ym 16871
[12:51:45] <tradermo> ym slowing down here
[12:58:01] <tradermo> short iwm 112.77
[12:58:27] <tradermo> stop at 113.20
[12:59:00] <tradermo> repeat of earlier trade - hopefully with same outcome :)
[12:59:56] <@wrbtrader> Exited all Emini TF Long @ 1132.30 --> + 0.5
[13:00:56] <tradermo> iwm made it back to r area of 2min wrb hg and showed some reaction
[13:02:12] <tradermo> stop to breakeven on iwm 112.77
[13:02:53] <tradermo> experimenting with tight stops, altough usually not my style
[13:03:53] <tradermo> exit half 112.63
[13:10:22] <tradermo> exit rem iwm 112.77
[13:23:00] <tradermo> short iwm 112.91
[13:23:34] <tradermo> stop 113.20
[13:24:36] <@wrbtrader> Long Emini TF @ 1134.60 -> large size
[13:24:59] <@wrbtrader> 8+2 contracts
[13:25:19] <TradeSnake_> Exit GC short @ 1302.8 +1.2
[13:25:23] <tradermo> moving stop to 113.26 due to increased volatility
[13:26:56] <@wrbtrader> I"m slow because these late afternoon trades as of late (the past few weeks)...
[13:27:15] <@wrbtrader> Soon after entry I quickly see that I had an earlier entry signal :(
[13:27:49] <@wrbtrader> I'm obviously 1 - 2 steps behind the markets in the afternoon trading session
[13:31:57] <@wrbtrader> Exited 1/2 Emini TF Long @ 1135.80 --> + 1.2
[13:32:40] <@wrbtrader> WRB pt1 reached
[13:33:20] <@wrbtrader> Exited Emini TF Long @ 1136.90 --> + 2.3
[13:33:23] <@wrbtrader> Holding 1 contract remainder
[13:33:28] <@wrbtrader> WRB pt2 reached
[13:33:53] <@wrbtrader> Exited Remainder Emini TF Long @ 1136.90 --> + 2.3
[13:34:54] <@wrbtrader> I got lucky that volatility showed up because I almost dumped that for a +0.3 profit a few times
[13:36:24] <tradermo> exit all iwm 113.26
[13:36:45] <@wrbtrader> volatility still there in the Emini futures
[13:36:57] <@wrbtrader> So far...Its keeping this from retracing
[13:37:22] <@wrbtrader> As soon as it stalls with contracting volatility...that's when the real battle will begin
[13:37:48] <@wrbtrader> to determine if it will go higher more or retrace
[13:37:53] <tradermo> es trying to get back into bull territory ~1977 - may target open gap
[13:38:09] <@wrbtrader> Then even if it retraces...still doesn't determine how much
[13:39:58] <@wrbtrader> Price action climbing still
[13:40:53] <@wrbtrader> I'm now looking at the higher time frames closer...15 minute chart to help with my WRB Analysis at these intraday levels
[13:46:58] <@wrbtrader> first decent contraction since the strong continuation price action showed up
[13:47:41] <@wrbtrader> Shorts Emini TF @ 1138.50 -> small size
[13:47:51] <@wrbtrader> 2 contract
[13:50:02] <@wrbtrader> Covered all Emini TF Short @ 1138.30 --> + 0.2
[13:50:11] <@wrbtrader> the battle has begun
[13:50:50] <t4n> cl struggling to continue higher
[13:57:52] <@wrbtrader> Past 10 minutes a very tight trading range in the Emini futures
[13:58:21] <@wrbtrader> gotta play the odds
[13:59:49] <@wrbtrader> emini TF back below the R area of its most recent Up WRB Hidden GAP on the 2min & 3min charts
[14:00:16] <@wrbtrader> Long Emini TF @ 1138.30 -> small size
[14:00:29] <@wrbtrader> 3 contracts
[14:01:16] <@wrbtrader> I'll dump this if it struggles to get to 1138.70
[14:02:34] <@wrbtrader> WRB pt1 (shallow) reached
[14:04:12] <@wrbtrader> Exited all Emini TF Long @ 1138.50 --> + 0.2
[14:05:38] <@wrbtrader> I got pick pocketed out of that Long position
[14:39:32] <@wrbtrader> Shorts Emini TF @ 1135.90 -> small size
[14:39:52] <@wrbtrader> 1 contract
[14:44:00] <@wrbtrader> WRB pt1 reached
[14:45:10] <@wrbtrader> Covered Emini TF Short @ 1135.60 --> + 0.3
[15:42:08] <@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
[15:50:57] <@wrbtrader> Emini futures range bound on low volatility since 1455pm est
[15:59:17] <@wrbtrader> Shorts Emini TF @ 1135.70 -> small size
[15:59:28] <@wrbtrader> 2 contracts
[16:00:04] <@wrbtrader> Emini TF traversed to the S area of all that recent low volatility contraction
[16:05:03] <@wrbtrader> Covered all Emini TF Short @ 1135.40 --> + 0.3
[16:05:29] <@wrbtrader> Take care all and see all tomorrow
Session Close: Mon Jul 28 22:27:58 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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