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@ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164Attachment:
073014-Key-Price-Action-Markets.png [ 1.15 MiB | Viewed 312 times ]
click on the above image to view today's price action of key markets Session Start: Wed Jul 30 08:23:28 2014
Session Ident: ##TheStrategyLab
[08:23:28] * Now talking in ##TheStrategyLab
[08:23:28] * 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'[08:23:28] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:23:28] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[08:29:53] <@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.
[09:50:19] <tradermo> short ym 16905
[09:50:40] <@wrbtrader> Long Emini TF @ 1147.80 -> small size
[09:51:02] <@wrbtrader> 2 contracts
[09:51:08] <tradermo> action a bit slow today
[09:51:21] <tradermo> stop to breakeven 16905
[09:51:38] <@wrbtrader> Exited all Emini TF Long @ 1145.80 --> - 2
[09:51:51] <tradermo> hoping for gapfill
[09:52:07] <@wrbtrader> that's a big Up WRB Hidden GAP that just snap back and filled
[09:53:00] <@wrbtrader> Up WRB Hidden GAP @ 0830am via 3min chart
[09:53:33] <@wrbtrader> Long Emini TF @ 1145.10 -> small size
[09:54:28] <@wrbtrader> price action filled in that Up WRB Hidden GAP in seconds and then it bounced off the S area of that Up WRB Hidden GAP
[09:54:44] <@wrbtrader> still trying to climb back upwards
[09:54:57] <@wrbtrader> 2 contracts re-entry
[09:56:04] <tradermo> exit at decision point, gap fill or not
[09:56:15] <tradermo> nq quite strong so far
[09:57:46] <tradermo> exit all ym 16871
[09:58:03] <tradermo> not yet filled though
[09:58:16] <@wrbtrader> Exited all Emini TF Long @ 1145.60 --> + 0.5
[09:59:08] <@wrbtrader> Shorts Emini TF @ 1144.30 -> large size
[09:59:20] <@wrbtrader> 3+3 contracts
[09:59:41] <@wrbtrader> Short near that S area
[10:00:14] <TradeSnake_> Short GC @ 1295.9
[10:01:03] <@wrbtrader> Covered 1/2 Emini TF Short @ 1143.90 --> + 0.4
[10:01:54] <@wrbtrader> now it drops "after" I unloaded 1/2
[10:01:59] <@wrbtrader>
![sad :(](./images/smilies/icon_chatsad.gif)
[10:02:40] <@wrbtrader> will try to hold this a little longer to compensate for the prior 1/2
[10:02:54] <@wrbtrader> Covered Remainder Emini TF Short @ 1142.00 --> + 2.3
[10:03:36] <@wrbtrader> Shorts Emini TF @ 1141.80 -> large size
[10:04:14] <@wrbtrader> 2+3+1 contracts average
[10:05:40] <@wrbtrader> Covered 1/2 Emini TF Short @ 1139.50 --> + 2.3
[10:05:50] <@wrbtrader> WRB pt1 reached
[10:06:26] <@wrbtrader> Covered Remainder Emini TF Short @ 1140.80 --> + 1
[10:07:18] <@wrbtrader> Emini ES futures filled its regular session GAP
[10:07:47] <@wrbtrader> All the Emini futures have filled in several Down WRB Hidden GAPs from yesterday late afternoon trading session
[10:13:00] <tradermo> long iwm 113.63
[10:14:07] <tradermo> stop at 113.24
[10:14:20] <tradermo> gamma scalp against options
[10:15:12] <tradermo> tf tried to get back into difficult area from yesterday
[10:15:37] <tradermo> but so far was rejected
[10:17:18] <tradermo> stop to breakeven 113.63
[10:18:30] <tradermo> tf really against the crowd here
[10:22:14] <tradermo> exit half iwm 113.90
[10:22:42] <@wrbtrader> Long Emini TF @ 1144.40 -> small size
[10:22:50] <@wrbtrader> 2 contracts
[10:23:03] <tradermo> keeping stop on rem 113.63 - back later
[10:23:13] <@wrbtrader> I'm keeping my position size small for Long positions until the FOMC Announcement
[10:24:15] <@wrbtrader> Exited all Emini TF Long @ 1143.80 --> - 0.6
[10:24:59] <@wrbtrader> Shorts Emini TF @ 1142.80 -> medium size
[10:25:04] <@wrbtrader> 4 contracts
[10:25:45] <@wrbtrader> small snap back
[10:27:55] <@wrbtrader> Covered all Emini TF Short @ 1143.30 --> - 0.5
[10:28:45] <@wrbtrader> Emini TF in a low volatility tight trading range near the R area of the most recent Up WRB Hidden GAP 2min chart
[10:29:06] <@wrbtrader> this is where my consecutive losses have occurred
[10:32:36] <@wrbtrader> Shorts Emini TF @ 1142.80 -> medium size
[10:32:45] <@wrbtrader> 2+2 contracts re-entry
[10:35:50] <@wrbtrader> Covered all Emini TF Short @ 1144.50 --> - 1.7
[10:36:10] <@wrbtrader> back above the R area of the same Up WRB Hidden GAP
[10:38:45] <@wrbtrader> punks
![sad :(](./images/smilies/icon_chatsad.gif)
[10:39:19] <@wrbtrader> shakes me out and then doesn't let me back in via a few "no fills"
[10:44:39] <@wrbtrader> Shorts Emini TF @ 1140.30 -> large size
[10:45:54] <@wrbtrader> I'm trying to short this thing but can't get a fill I wanted except for the worst prices when volatility starts to show up...increasing the chance for a snap back
[10:46:21] <@wrbtrader> Covered all Emini TF Short @ 1139.50 --> + 0.8
[10:47:20] <@wrbtrader> 1144.20, 1143.60, 1142.80, 1141.40 were all no fills on 6 to 9 contracts
[10:47:36] <@wrbtrader> I finally was able to get Short @ 1140.30
![sad :(](./images/smilies/icon_chatsad.gif)
[10:49:22] <@wrbtrader> Its just another FOMC day where fills are hard to come by...
[10:49:34] <@wrbtrader> Last FOMC Announcement I had 7 no fills that day
[10:50:09] <@wrbtrader> My average of no fills is 3 per week and then it jumps dramatically on FOMC day
[10:56:58] <@wrbtrader> Shorts Emini TF @ 1141.40 -> medium size
[10:57:12] <@wrbtrader> 1+2+1 contracts
[10:57:41] <@wrbtrader> I spread it out thinking I won't get another fill
[10:58:24] <@wrbtrader> In other words...I didn't show any "size" on the trade
[11:01:40] <@wrbtrader> Covered all Emini TF Short @ 1139.30 --> + 2.1
[11:01:50] <@wrbtrader> WRB pt1 reached
[11:03:31] <@wrbtrader> 1139.20 behaving like a S area in the Emini TF futures
[11:06:41] <tradermo> long iwm 113.40
[11:06:58] <tradermo> just back in time
[11:07:12] <tradermo> stop hit on rem on last trade, getting back in
[11:08:44] <tradermo> stop to breakeven 113.40
[11:11:08] <tradermo> exit half 113.60
[11:11:40] <tradermo> keeping stop on rem at 113.40 - back later for fed
[11:14:27] <TradeSnake_> Flat GC @ 1296.2 -0.3
[13:30:17] <Cayden> Reminder***FOMC @ top of the hour-
[13:46:44] <tradermo> back for the fed
![smile :)](./images/smilies/icon_chatsmile.gif)
[13:47:16] <tradermo> unfortunately stopped out on remaining iwm
[13:48:26] <tradermo> game plan: looking to buy iwm on fed spike below 113.20
[13:49:01] <Cayden> I'm going to be watching the Euro FX 6E again- see if it has some 'crazy go nutz' volitility- just going to watch
[13:50:09] <tradermo> there are a couple of 5min wrb hg which could support price there
[13:52:46] <tradermo> i am also happy to buy higher if es make it back into bull territory ~1976
[13:55:38] <tradermo> also there might be a possible short on a failure, but need to be careful with that
[13:59:00] <tradermo> es 1972 might be good enough for bull territory
[14:02:03] <@wrbtrader> volatility not good at all so far
[14:02:12] <@wrbtrader> A big dissapointment
[14:02:31] <tradermo> yes
[14:02:32] <Cayden> lack luster at best!!
[14:04:56] <@wrbtrader> Looks like a "calm" FOMC announcement
[14:06:03] <@wrbtrader> ed Sees Labor-Market Slack Even as It Trims Bond Purchases (bloomberg) @
http://www.bloomberg.com/news/2014-07-3 ... hases.html [14:07:19] <tradermo> rel weakness in tf
[14:08:26] <tradermo> short iwm 113.60
[14:08:45] <tradermo> stop at iwm 113.90
[14:09:06] <@wrbtrader> Long Emini TF @ 1141.80 -> medium size
[14:09:20] <@wrbtrader> 4 contracts
[14:11:18] <tradermo> iwm stop to 114.00 - need a bit more room
[14:11:54] <tradermo> see if es can take out 5min wrb hg
[14:13:24] <@wrbtrader> Exited 3/4 Emini TF Long @ 1144.10 --> + 2.3
[14:13:43] <@wrbtrader> WRB pt2 reached
[14:14:46] <tradermo> exit all iwm 114.00
[14:18:32] <tradermo> long nq 3975
[14:18:43] <tradermo> i mean 3975.50
[14:19:12] <tradermo> plan b - stop at 3965
[14:22:20] <@wrbtrader> Exited Remainder Emini TF Long @ 1144.00 --> + 2.2
[14:25:32] <tradermo> tf still weak
[14:30:01] <tradermo> stop to breakeven 3975.50
[14:30:21] <tradermo> exit all nq 3975.50
[14:30:31] <tradermo> did not take off right away
![sad :(](./images/smilies/icon_chatsad.gif)
[14:36:54] <tradermo> looking to reenter iwm short - stopped me out by 1 tick
[14:38:54] <tradermo> short 113.73
[14:38:57] <tradermo> iwm
[14:39:21] <tradermo> stop 114.00
[14:40:30] <tradermo> good rr assuming 200d ma break possible today
[14:45:14] <tradermo> stop to breakeven on iwm 113.73
[14:46:17] <@wrbtrader> Shorts Emini TF @ 1141.60 -> small size
[14:46:41] <@wrbtrader> 3 contracts
[14:48:26] <tradermo> exit half 113.53
[14:48:39] <tradermo> a bit of resistance here from 200
[14:48:40] <@wrbtrader> Covered all Emini TF Short @ 1140.60 --> + 1
[14:48:47] <tradermo> i mean support
[14:49:44] <@wrbtrader> I don't think things are going to get any better for me today...will lock in profits here and call it quits for the day because I'm mentally tired lately
[14:49:52] <@wrbtrader> Take care all and see all tomorrow
[14:50:02] <Cayden> L8TR
[14:50:08] <tradermo> probably a good idea
[14:56:54] <tradermo> ok 200d break
[14:57:02] <tradermo> now snapback possible
[15:18:47] <tradermo> exit rem iwm 113.73
[15:19:47] <tradermo> even this reversal was not enough for downside followthrough - very strange
Session Close: Wed Jul 30 23:29:51 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
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WRB Analysis.
Therefore, we welcome
all traders that want to learn about
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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.
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Commonly discussed trading instruments from stocks, futures, exchange traded funds and forex currencies:
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CME Emini Futures EMD, ES and NQ
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Reminder, our
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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
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