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 Post subject: August 4th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Mon Aug 04, 2014 9:44 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)
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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:
080414-Key-Price-Action-Markets.png
080414-Key-Price-Action-Markets.png [ 1.32 MiB | Viewed 308 times ]

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

Session Start: Mon Aug 04 09:13:49 2014
Session Ident: ##TheStrategyLab
[09:13:49] * Now talking in ##TheStrategyLab
[09:13:49] * 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'
[09:13:49] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:13:49] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:32:15] <wrbtrader> Shorts Emini TF @ 1114.20 -> large size
[09:32:35] <wrbtrader> 4+2 contracts
[09:33:48] <wrbtrader> Covered 1/2 Emini TF Short @ 1114.60 --> - 0.4
[09:33:58] <wrbtrader> Covered Remainder Emini TF Short @ 1114.70 --> - 0.5
[09:34:08] <wrbtrader> I trailed that too tight
[09:35:25] <wrbtrader> Emini TF just retraced the most recent Down WRB Hidden GAP on the 2min chart
[09:35:41] <wrbtrader> Its now above the R area of that WRB Hidden GAP
[09:36:01] <tradermo> short ym 16440
[09:36:07] <wrbtrader> Long Emini TF @ 1117.30 -> medium size
[09:36:16] <wrbtrader> 4 contracts
[09:37:05] <tradermo> stop 16464
[09:38:29] <wrbtrader> Exited all Emini TF Long @ 1117.60 --> + 0.3
[09:39:04] <wrbtrader> Shorts Emini TF @ 1116.80 -> large size
[09:39:19] <tradermo> i am on backup internet - not doing much today
[09:39:30] <wrbtrader> 4+2+3 contracts
[09:40:03] <wrbtrader> I'm going to be heavy on the Short side and lighter on the Long side (position size management)
[09:41:16] <wrbtrader> not working so far :(
[09:41:40] <wrbtrader> volatility unusually low so far too
[09:41:41] <tradermo> patience :)
[09:41:51] <tradermo> stop to breakeven 16440
[09:42:01] <wrbtrader> WRB pt1 reached
[09:42:21] <wrbtrader> Covered 1/3 Emini TF Short @ 1114.50 --> + 2.3
[09:42:31] <wrbtrader> Covered 1/3 Emini TF Short @ 1114.50 --> + 2.3
[09:42:45] <wrbtrader> Covered Remainder Emini TF Short @ 1114.80 --> + 2
[09:43:26] <wrbtrader> lowering my overall position size again
[09:43:45] <wrbtrader> Shorts Emini TF @ 1114.90 -> medium size
[09:43:53] <wrbtrader> 4 contracts
[09:44:52] <wrbtrader> Covered all Emini TF Short @ 1113.90 --> + 1
[09:45:13] <wrbtrader> time for the chop to show up...
[09:45:30] <wrbtrader> Easier for it to do such when the volatility is so low :(
[09:46:43] <tradermo> exit all ym 16440
[09:49:03] <wrbtrader> Shorts Emini TF @ 1113.90 -> small size
[09:49:10] <wrbtrader> 3 contracts
[09:49:14] <tradermo> short iwm 110.88
[09:49:30] <tradermo> stop 111.11
[09:49:55] <wrbtrader> more chop showing up now
[09:50:16] <wrbtrader> Covered all Emini TF Short @ 1114.00 --> - 0.1
[09:50:23] <wrbtrader> Its chopping higher
[09:51:00] <wrbtrader> a few ticks down and then the chop moves it back much higher
[09:51:59] <wrbtrader> as soon as it breaks that and starts to tick higher but then reverses with more ticks lower will in the regular session GAP...I'll Short the price action again
[09:53:01] <@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.
[09:53:07] <tradermo> exit all iwm 111.11
[09:53:30] <@wrbtrader> increasing volatility
[09:56:33] <@wrbtrader> Shorts Emini TF @ 1115.50 -> small size
[09:56:43] <@wrbtrader> 3 contracts
[09:57:32] <@wrbtrader> WRB pt1 reached (not able to grab it so far)
[09:57:45] <@wrbtrader> 1114.50
[09:58:23] <robbin_banks> GM all...Mr Pat what point do you apply your trailing stop?
[09:58:38] <robbin_banks> Mr P..not Mr Pat
[09:59:04] <@wrbtrader> Covered all Emini TF Short @ 1115.30 --> + 0.2
[09:59:21] <@wrbtrader> Shorts Emini TF @ 1115.80 -> small size
[09:59:28] <@wrbtrader> 3 contracts
[09:59:32] <@wrbtrader> re-entry
[09:59:58] <@wrbtrader> I'm still looking for a 1114.50
[10:00:10] <@wrbtrader> WRB pt1 reached again
[10:00:16] <@wrbtrader> still holding
[10:00:21] <@wrbtrader> increasing volatility showed up
[10:01:08] <@wrbtrader> Covered all Emini TF Short @ 1114.50 --> + 1.3
[10:02:03] <@wrbtrader> robbin...all of my trades are enter and then an automated hard stop is put in @ -4 points
[10:02:30] <@wrbtrader> after that...I use WRB Analysis to to manage my stop mentally.
[10:02:51] <robbin_banks> ok i see...thank you
[10:03:08] <@wrbtrader> Simply, I immediately begin adjusting my stop (lower price) after the auto stop goes in
[10:04:26] <robbin_banks> got it...thanks
[10:04:27] <@wrbtrader> Usually within a minute I can get my -4 point emergency stop down to a -1 to -2 point stop and then if the trade goes my way...I then move it into where the WRB Analysis shows it needs to be
[10:05:16] <@wrbtrader> I use a lot of R areas and S areas of most recent WRB Hidden GAPs as the adjusted trail stops...
[10:05:27] <@wrbtrader> Usually they fall into the -1 to -2 point range
[10:05:48] <@wrbtrader> Yet, that's not the most important thing I do in my stop management...
[10:06:25] <@wrbtrader> I try very hard to exit my losing positions before that -1 to -2 points is hit.
[10:06:41] <robbin_banks> so its not a standard trailing stop amount every time (save for the -4)
[10:06:44] <@wrbtrader> I think I have enough trade experience to realize the trade SUCKS before my stops are hit.
[10:07:09] <@wrbtrader> exactly...no standard stop
[10:07:26] <robbin_banks> lol..yes that must be it..because you typically seem to know when to get out
[10:07:27] <@wrbtrader> Its adjusted differently every trade because the price action is different every trade
[10:07:53] <@wrbtrader> If the price action was the "exact same" every trade (we know its not)...
[10:08:02] <@wrbtrader> I would use a fixed standard stop
[10:08:44] <robbin_banks> that all makes perfect sense
[10:10:03] <@wrbtrader> right now there's an unfilled Down WRB Hidden GAP on the 1min chart...
[10:10:23] <@wrbtrader> Its R area will be my first stop adjustment after the -4 auto stop is in place
[10:10:41] <robbin_banks> yes i see it
[10:10:49] <@wrbtrader> After the R area stop...I will then drop it down to the S area as a stop/loss
[10:11:00] <@wrbtrader> Shorts Emini TF @ 1114.20 -> small size
[10:11:09] <@wrbtrader> 3 contracts
[10:11:14] <tradermo> short iwm 110.90
[10:11:23] <tradermo> stop 111.11
[10:11:37] <@wrbtrader> S area @ 1115.60
[10:12:08] <@wrbtrader> trailing @ profit
[10:12:19] <@wrbtrader> WRB pt1 reached
[10:12:53] <tradermo> stop to breakeven 110.90
[10:12:58] <@wrbtrader> Covered all Emini TF Short @ 1112.60 --> + 1.6
[10:13:53] <@wrbtrader> Emini TF futures closed the regular session GAP (barely)
[10:14:45] <@wrbtrader> gap closed @ 1112.20
[10:14:49] <tradermo> exit all iwm 110.90
[10:18:41] <@wrbtrader> Only KMEs today are breaking news about the economies out of Europe
[10:19:44] <@wrbtrader> Euro versus U.S. Dollar news low levels since late last year and Portugal bailout
[10:19:59] <@wrbtrader> http://www.bloomberg.com/news/2014-08-0 ... nings.html
[10:20:15] <@wrbtrader> http://www.bloomberg.com/news/2014-08-0 ... -2012.html
[10:23:00] <robbin_banks> short tf @1112.40 cnts
[10:24:37] <@wrbtrader> 1113.00 is the S area of the most recent Down WRB Hidden GAP
[10:24:42] <robbin_banks> out at BE
[10:26:13] <@wrbtrader> Shorts Emini TF @ 1113.50 -> small size
[10:26:19] <@wrbtrader> 1 contract
[10:26:34] <@wrbtrader> volatility now very low
[10:27:07] <@wrbtrader> not willing to push any size in this type of price action especially when this is the type of price action the CHOP has been showing up in the past 3 months
[10:27:59] <@wrbtrader> Stop at the R area of the prior mentioned Down WRB Hidden GAP
[10:28:08] <@wrbtrader> 1114.30
[10:28:24] <@wrbtrader> now trailing @ profit
[10:28:58] <robbin_banks> and how do you figure your trailing profit mr p?
[10:28:58] <@wrbtrader> now trailing @ S area of the prior mentioned Down WRB Hidden GAP
[10:29:16] <robbin_banks> got it
[10:29:33] <@wrbtrader> I use the R area and S area of recent WRB Hidden GAPs
[10:30:10] <robbin_banks> thank you..
[10:30:15] <@wrbtrader> Covered Emini TF Short @ 1111.80 --> + 1.7
[10:31:18] <@wrbtrader> WRB pt1 reached earlier @ 1112.50 but I held it a little longer to see if volatility would show up and push it to a WRB pt2...it didn't.
[10:32:10] <@wrbtrader> sidelined (will just watch awhile)
[10:39:01] <robbin_banks> support of most recent wrb hg at 1111.10...so if it retraces to there u will begin looking for price action to short?
[10:46:58] <@wrbtrader> No...I will Short if a trade signal appears...regardless to the location of the R or S area
[10:49:07] <@wrbtrader> WTI Crude Oil CL futures in contracting volatility above the R area of its most recent Up WRB Hidden GAP 5min chart
[10:50:54] <@wrbtrader> Shorts Emini TF @ 1108.20 -> small size
[10:51:12] <@wrbtrader> 1+1 contracts
[10:52:49] <@wrbtrader> Covered Emini TF Short @ 1108.20 --> 0
[10:52:52] <@wrbtrader> poor entry but got lucky when some volatility showed up to keep me out of the loss column on entry
[10:53:59] <@wrbtrader> WTI Crude Oil CL futures retesting its R area of the prior mentioned WRB Hidden GAP
[10:54:39] <@wrbtrader> Shorts Emini TF @ 1108.50 -> small size
[10:54:50] <@wrbtrader> 1+1 contracts
[10:54:52] <@wrbtrader> re-entry
[10:55:22] <@wrbtrader> WRB pt1 reached
[10:55:44] <@wrbtrader> Covered 1/2 Emini TF Short @ 1107.20 --> + 1.3
[10:57:39] <@wrbtrader> Covered Remainder Emini TF Short @ 1105.10 --> + 3.4
[10:58:41] <@wrbtrader> WRB pt2 reached
[12:24:40] <robbin_banks> off to the day job..thanks for everything today mr P..take care all
[13:13:31] <@wrbtrader> Oil Rebounds From Six-Month Low on Middle East Tension (bloomberg) @ http://www.bloomberg.com/news/2014-08-0 ... oline.html
[13:13:36] <@wrbtrader> Oil Rebounds From Six-Month Low on Middle East Tension (bloomberg) @ http://www.bloomberg.com/news/2014-08-0 ... oline.html
[13:14:28] <@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
[13:27:59] <@wrbtrader> WTI Crude Oil CL futures had filled in the Up WRB Hidden GAP 5min chart as mentioned earlier and is now retraced back upwards above the R area of that same Up WRB Hidden GAP interval
[13:37:00] <@wrbtrader> In contrast, Gold GC futures is stuck below the big Down WRB Hidden GAP of 1100am - 1115am est 5min chart
[13:37:31] <@wrbtrader> Gold GC futures is in a low volatility trading range below the S area of the mentioned Down WRB Hidden GAP 15min chart
[13:40:51] <@wrbtrader> Google (GOOG) price action on the 15min chart is stuck inside the range of the big Down WRB Hidden GAP of Friday 1000am - 1015am est
[13:49:58] <tradermo> short nq 3897
[13:50:07] <tradermo> new high
[13:51:38] <tradermo> stop at 3907.50
[13:54:10] <tradermo> stop to breakeven 3897
[13:54:22] <tradermo> tight stop because big guys buying
[14:04:19] <tradermo> exit all nq 3897
[14:17:10] <@wrbtrader> Forex GBPUSD still moving higher...its now above the R area of its most recent Up WRB Hidden GAP on increasing volatility
[14:17:17] <@wrbtrader> 15min chart
[14:26:54] <tradermo> looking for new nq high to reenter
[14:35:23] <tradermo> short nq 3899
[14:36:34] <tradermo> stop at 3910
[14:38:48] <tradermo> es still has room till ~1932
[14:47:20] <tradermo> es 1932 - hoping it runs out of stream somewhere here
[14:47:43] <tradermo> unfortunately big guys still buyers up here
[15:13:39] <tradermo> nq stop to 3911 to allow stop run
[15:17:52] <tradermo> exit all nq 3911
[15:18:09] <tradermo> buying quite impressive here
[15:56:40] <@wrbtrader> Long Emini TF @ 1121.00 -> small size
[15:56:57] <@wrbtrader> 1+2 contracts
[15:59:36] <@wrbtrader> Exited all Emini TF Long @ 1121.40 --> + 0.4
[16:00:19] <tradermo> nice bounce but much more work is needed to get back into bull territory
[16:01:09] <tradermo> using qqq puts overnight for bearish bias and some gamma scalping tomorrow
[16:02:28] <@wrbtrader> tradermo...you expecting something to happen overnight in the markets ?
[16:02:39] <tradermo> nq took out a lot of up wrb hgs on the way down
[16:03:02] <@wrbtrader> Ahhh...ok
[16:03:04] <tradermo> possible gap down, but more importantly qqq starts to show signs
[16:03:15] <tradermo> of moving from rel strength to rel weakness
[16:03:30] <tradermo> hence the shorts today, albeit not sucessful :)
[16:04:25] <@wrbtrader> I was watching AMZN, TWTR and AAPL strong continuation down trend too in the last 30 minutes of the regular trading session
[16:04:53] <tradermo> interesting, see you tomorrow, unfortunately my internet still on backup :(
[16:05:04] <@wrbtrader> They filled in a lot of those Up WRB Hidden GAP
[16:05:19] <@wrbtrader> Shorts Emini TF @ 1120.30 -> small size
[16:05:21] <tradermo> ah, that fits with the qqqs
[16:05:37] <@wrbtrader> 1 contract
[16:11:22] <@wrbtrader> Covered Emini TF Short @ 1120.20 --> + 0.1
[16:11:53] <@wrbtrader> Take care all and see all tomorrow
Session Close: Mon Aug 04 16:54:39 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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