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 Post subject: August 20th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Sun Aug 24, 2014 6:23 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)
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:
082014-Key-Price-Action-Markets.png
082014-Key-Price-Action-Markets.png [ 1.27 MiB | Viewed 267 times ]

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

Session Start: Wed Aug 20 09:37:47 2014
Session Ident: ##TheStrategyLab
[09:37:47] * Now talking in ##TheStrategyLab
[09:37:47] * 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'
[09:37:47] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:37:47] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:38:11] <robbin_banks> exit all tf @1154.00 +2.0
[09:40:51] <Tigerman__> gm all
[09:41:19] <robbin_banks> howdy tiger
[09:41:36] <Tigerman__> hi robbin
[09:43:51] <tradermo> short iwm 114.61
[09:43:53] <TradeSnake___> TF weak compared to other Eminis
[09:45:33] <tradermo> sto pto breakeven 114.61
[09:45:58] <tradermo> exit all iwm 114.61
[09:59:34] <robbin_banks> short tf 1cnts @1154.00
[10:01:41] <robbin_banks> stop hit @1153.90 +0.1 ..thought id let it run..but snap back got me
[10:07:18] <tradermo> short nq 4035
[10:10:25] <robbin_banks> short ym @16889 2 cntrs
[10:11:12] <robbin_banks> sl @16898
[10:12:29] <robbin_banks> correction 16899..thinking price will retrace down too 1min ym HG @9:30
[10:12:41] <tradermo> stop to breakeven 4035
[10:17:25] <tradermo> exit all nq 4035
[10:17:37] <robbin_banks> sl on ym hit
[10:26:18] <tradermo> short iwm 114.87
[10:27:08] <Kgbist> 1030 petroleum report for cl kme
[10:34:42] <tradermo> stop to breakeven 114.87
[10:36:10] <robbin_banks> long tf 1154.10 1cnt
[10:38:34] <robbin_banks> thinking 1 min most recent hg will hold...hmmm
[10:39:20] <TradeSnake___> Long YM @ 16901
[10:42:47] <robbin_banks> i entered way to early
[10:43:49] <robbin_banks> exit all tf @ BE
[10:46:24] <robbin_banks> vola down to almost nill
[10:47:13] <TradeSnake___> Flat YM @ 16911--> +10
[10:47:14] <tradermo> exit all iwm 114.87
[10:51:50] <tradermo> short iwm 114.90
[10:52:09] <tradermo> stop 115.36 - back later
[10:54:46] <robbin_banks> geez that 1 min HG did hold ...i shouldve held that trade
[11:09:15] <robbin_banks> short tf @1155.70 1 cnt
[11:11:19] <robbin_banks> sl break of 5 min HG R
[11:21:36] <robbin_banks> exit all tf @1155.20 +.5
[11:22:36] <robbin_banks> the 5min HG held nicely but were back down in the tf 1 min hg where we bounced last time...so i dont know what to think
[11:27:16] <robbin_banks> TF bouncing between two 1min HG's...shorting tf 1 cnt with sl at break of R on most recent 1min down HG
[11:28:20] <robbin_banks> short tf 1155.40 1 cnt
[11:37:00] <robbin_banks> close tf @1154.70
[11:37:06] <robbin_banks> +.70
[11:37:08] <lightenup> Buy TF @ 1155.50
[11:42:39] <lightenup> Flat 1155.60 +.1
[11:43:19] <tradermo> adding to iwm short 115.00
[11:47:26] <Tigerman__> take care see next time
[12:35:55] <tradermo> long ym 16924
[12:37:00] <tradermo> stop 16893 below 5min wrb hg
[13:16:26] <robbin_banks> Oooo...good call tradermo...very nice!
[13:16:47] <robbin_banks> anybody know where mr p is today?
[13:17:37] <tradermo> luck, but thank you :)
[13:18:19] <tradermo> stop to breakeven on ym 16924
[13:18:39] <tradermo> exit all ym 16941
[13:19:10] <tradermo> still iwm short
[13:19:39] <robbin_banks> you wanna know what the worst feeling in the world is?...when i go long tf and 2 seconds later wrbtrader goes short!!
[13:20:17] <tradermo> yes, happens to me all the time :)
[13:20:35] <robbin_banks> talk about a confidence blow
[13:29:23] <tradermo> getting into some iwm puts to trade against in the coming days
[13:36:52] <tradermo> iwm stop to 115
[13:37:30] <TradeSnake___> KME - FOMC Meeting Minutes @ 2:00pm EST today
[13:37:57] <tradermo> exit half iwm 114.77
[13:43:03] <robbin_banks> what an ugly trading day so far ...maybe the kme will change that
[13:48:43] <tradermo> exit rem iwm 114.78
[14:02:01] <tradermo> long es 1980
[14:02:13] <tradermo> stop 1977
[14:05:42] <tradermo> exit all es 1977
[14:06:09] <tradermo> last trade was against iwm puts
[14:08:45] <tradermo> long ym 16913
[14:09:12] <tradermo> stop 16893
[14:10:12] <tradermo> again against iwm puts
[14:14:53] <tradermo> exit all ym 16893
[14:15:14] <tradermo> ok, now we have more downside potential
[14:18:34] <robbin_banks> agreed
[14:19:17] <tradermo> assuming price does not move up quickly now
[14:20:10] <tradermo> logical spot for sellers is 1979.25
[14:27:32] <robbin_banks> its odd..on tf we went all the way down to a 4/5 min HG...bounced up through a 5min HG , too a 2 min HG..which ATM is holding...some kinda strange pattern
[14:28:32] <tradermo> looking for long above 1981.25 in case sellers fail
[14:31:06] <tradermo> long ym 16931
[14:32:04] <tradermo> stop 16909 below 5min wrb hg
[14:32:31] <tradermo> should be better 16908
[14:38:53] <tradermo> in theory new es highs possible but volume a bit low today
[14:39:03] <tradermo> and big guys sleeping :(
[14:42:39] <TradeSnake___> tradermo What do you use to monitor the 'big guys'? Block trades or something else?
[14:43:46] <tradermo> just trades in es filter by size >=10 contracts
[14:43:58] <tradermo> small guys <= 5 contracts
[14:44:55] <TradeSnake___> gotcha... I do the same but use >=50
[14:45:02] <TradeSnake___> thanks!
[14:45:22] <tradermo> cool, i also have cummulative delta for all in comparison
[14:45:36] <jrr> I use 25. I guess everyone is different...
[14:45:50] <tradermo> so essentially three cd curves to compare
[14:46:34] <tradermo> yes, excact number does not matter, tradeoff
[14:50:08] <tradermo> hm i think my cum delta data feed is broken
[14:51:06] <tradermo> i think that;s why big guys were sleeping :)
[14:51:58] <lightenup> buy TF 1155.30
[14:53:31] <tradermo> es high of day need to expect some sellers here
[14:53:54] <lightenup> Flat TF 1155.30 +1.0
[14:54:15] <tradermo> ym stop to breakeven 16931
[14:57:47] <lightenup> re entry tf 1155.30 long
[14:59:15] <lightenup> Flat TF 1155.40 + .1
[15:02:19] <lightenup> Correction on first FT Trade Exit should be 1156.30
[15:04:42] <lightenup> Should have not moved stop so soon looked like it was stalling but really retesting suport at 1155
[15:05:40] <jrr> es testing all time high within 3 ticks
[15:05:47] <tradermo> tf a bit late to the party working on gap
[15:06:57] <wrbtrader> Long Emini TF @ 1156.30 -> large size
[15:08:06] <TradeSnake___> ES closing in on all time high of 1985.75
[15:08:15] <tradermo> adding to iwm puts instead of taking profits here
[15:08:30] <wrbtrader> Yes, I'm hoping for some volatility when it does
[15:08:55] <tradermo> low vix = cheap options
[15:09:39] <wrbtrader> Yeah, whenever VIX is consistently low...I see a lot more option talks at different online forums
[15:09:54] <wrbtrader> Everybody loves a bargain
[15:10:41] <tradermo> yes, but sometimes there is a catch :)
[15:10:48] <wrbtrader> Exited 1/2 Emini TF Long @ 1157.60 --> + 1.3
[15:11:08] <wrbtrader> WRB pt1 reached
[15:12:58] <tradermo> es now just a tick away from new highs, should give some vola to sell into
[15:15:31] <wrbtrader> volatility now slowing
[15:21:04] <wrbtrader> trailing @ profit
[15:22:04] <wrbtrader> goal for these remainders is a WRB pt2
[15:22:29] <wrbtrader> The problem is that the volatility is no longer there
[15:22:51] <wrbtrader> Exited Remainder Emini TF Long @ 1156.60 --> + 0.3
[15:28:08] <wrbtrader> Long Emini TF @ 1156.20 -> medium size
[15:28:19] <wrbtrader> re-entry
[15:28:27] <wrbtrader> 5 contracts
[15:29:10] <wrbtrader> entry near the S area of recent contracting volatility
[15:29:22] <wrbtrader> Exited all Emini TF Long @ 1155.90 --> - 0.3
[15:30:20] <wrbtrader> was going to finish the statement via saying its a tight stop...I don't want to get caught in a sell-off if it drops below that S area
[15:31:28] <wrbtrader> volatility can easily show up again but take prices lower if there's weakness in the overall markets right here
[15:32:21] <wrbtrader> Long Emini TF @ 1156.20 -> medium size
[15:32:22] <t4n> FOMC @ 2
[15:32:29] <t4n> i wont bother watching
[15:32:38] <wrbtrader> 2+1++2 contractes
[15:32:48] <wrbtrader> re-entry
[15:40:00] <wrbtrader> WRB pt1 (shallow) reached
[15:43:11] <wrbtrader> WRB pt1 and WRB pt2 are too close to each other
[15:43:19] <wrbtrader> WRB pt2 (shallow) reached
[15:43:29] <wrbtrader> :(
[15:46:20] <wrbtrader> Emini TF futures hit a wall
[15:48:03] <TradeSnake___> Very few buy stops above ES all time high... we may get a reversal here
[15:49:05] <TradeSnake___> but also wouldn't surprise me if rally into the close
[15:51:45] <@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.
[15:52:36] <@wrbtrader> S&P 500 Nears Record on Optimism Fed Will Support Economy (bloomberg) @ http://www.bloomberg.com/news/2014-08-2 ... e-fed.html
[15:53:30] <@wrbtrader> Exited all Emini TF Long @ 1156.50 --> + 0.3
[15:54:19] <@wrbtrader> Pick pocketed at the R area of the most recent Up WRB Hidden GAP
[15:54:39] <@wrbtrader> 1min chart interval
[15:56:34] <@wrbtrader> Emini TF now retesting the S area of that same Up WRB Hidden GAP interval
[15:59:17] <@wrbtrader> Shorts Emini TF @ 1155.10 -> small size
[15:59:35] <@wrbtrader> 1 contract
[16:00:41] <tradermo> exit all ym 16956
[16:03:41] <@wrbtrader> Covered Emini TF Short @ 1155.10 --> 0
[16:04:57] <@wrbtrader> Easy going trading day...spent my morning resting.
[16:05:04] <@wrbtrader> Take care all and see all tomorrow
Session Close: Thu Aug 21 00:00:01 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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