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 Post subject: August 22nd Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Sun Aug 24, 2014 6:28 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)
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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:
082214-Key-Price-Action-Markets.png
082214-Key-Price-Action-Markets.png [ 1.37 MiB | Viewed 276 times ]

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

Session Start: Fri Aug 22 09:23:52 2014
Session Ident: ##TheStrategyLab
[09:23:52] * Now talking in ##TheStrategyLab
[09:23:52] * 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'
[09:23:52] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:23:52] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:33:17] <Tigerman__> gm all
[09:33:22] <Tigerman__> sh iwm 115.08
[09:33:33] <wrbtrader> Short Emini ES futures @ 1987.50 large size 30 contracts
[09:34:46] <Tigerman__> exil all iwm at 115 +8tk
[09:37:05] <wrbtrader> Exit 2/3 Emini ES futures @ 1986.25 +1.25
[09:37:25] <wrbtrader> Exit remainder @ 1986.00 +1.50
[09:38:06] <wrbtrader> I had a no fill on Emini TF futures @ 1155.20 for 10 contracts :(
[09:38:34] <wrbtrader> some days I can get fills in both Emini TF and ES...
[09:38:54] <wrbtrader> Other days I can't get into TF all at once on a large size
[09:39:52] <wrbtrader> By the way, I'm back to normal trading today.
[09:40:22] <robbin_banks> how so mr p?
[09:40:27] <wrbtrader> Past several trading sessions I've not traded the morning session just to take it easy to re-energize
[09:40:55] <robbin_banks> yes i did notice your absence...
[09:41:38] <wrbtrader> Shorts Emini TF @ 1153.60 -> large size
[09:41:44] <wrbtrader> 4+2 contracts
[09:43:05] <robbin_banks> not the same around here without u though
[09:44:14] <wrbtrader> Covered 1/2 Emini TF Short @ 1153.10 --> + 0.5
[09:45:25] <wrbtrader> WRB pt2 reached
[09:50:16] <wrbtrader> Covered Remainder Emini TF Short @ 1152.80 --> + 0.8
[09:50:50] <wrbtrader> too much contraction now and a S area has formed in those contracting volatility intervals
[09:53:12] <Titus9631> i keep getting disconnected
[09:54:34] <lightenup> Janet Yellen Speaks 10:00
[09:55:50] <wrbtrader> Yes and ECB Draghi speaks @ 1430pm est
[09:55:55] <wrbtrader> I hope they both light it up
[10:01:39] <wrbtrader> Shorts Emini TF @ 1154.00 -> medium size
[10:01:53] <wrbtrader> 2+3 contracts
[10:03:42] <wrbtrader> very choppy (not good)
[10:04:58] <wrbtrader> Covered all Emini TF Short @ 1154.20 --> - 0.2
[10:05:07] <wrbtrader> TF all over the map
[10:05:10] <wrbtrader> :(
[10:06:54] <wrbtrader> We got the volatility on that KME but it came with chop
[10:07:42] <wrbtrader> Long Emini TF @ 1157.00 -> medium size
[10:07:59] <wrbtrader> 2+1+2 contracts
[10:08:46] <wrbtrader> Its trying hard to stay above the initial Down WRB Hidden GAP interval out of the gate soon after 0930am est
[10:09:04] <wrbtrader> intuition trade
[10:11:02] <wrbtrader> Exited Emini TF Long @ 1158.20 --> + 1.2
[10:11:16] <wrbtrader> :(
[10:11:29] <wrbtrader> that's a stop pick
[10:11:33] <wrbtrader> not a WRB pt1
[10:11:42] <wrbtrader> :(
[10:14:29] <wrbtrader> The 1000am est KME generated a "first WRB Hidden GAP" interval @ 1006am - 1009am est 3min chart
[10:14:56] <wrbtrader> In Emini TF futures
[10:16:26] <wrbtrader> R area of that mentioned Up WRB Hidden GAP interval now being retested
[10:17:00] <@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.
[10:21:08] <@wrbtrader> Shorts Emini TF @ 1156.30 -> small size
[10:21:16] <@wrbtrader> 2 contracts
[10:22:26] <@wrbtrader> Feels like I have a big fish on the hook and I'm trying to reel it in...its a fighter
[10:25:00] <@wrbtrader> Covered all Emini TF Short @ 1157.30 --> - 1
[10:25:08] <tradermo> short ym 17018
[10:25:27] <tradermo> tight stop 17030
[10:25:52] <@wrbtrader> I should'uv tighten my stop when that contraction showed up
[10:30:52] <tradermo> ym stop to 17035
[10:31:13] <tradermo> nq new high some vol possible
[10:32:55] <tradermo> exit all ym 17034
[10:37:14] <@wrbtrader> Shorts Emini TF @ 1156.70 -> small size
[10:37:23] <@wrbtrader> 3 contracts
[10:37:29] <@wrbtrader> volatility increasing
[10:38:00] <@wrbtrader> Emini TF now deep inside the range of the KME first WRB Hidden GAP
[10:38:53] <tradermo> short ym 17005
[10:42:31] <@wrbtrader> WRB pt1 reached but its also contracting
[10:42:42] <@wrbtrader> now trailing @ profit
[10:43:03] <tradermo> stop to breakeven 17005
[10:43:55] <@wrbtrader> Covered all Emini TF Short @ 1155.60 --> + 1.1
[10:47:05] <tradermo> exit all ym 17005
[10:49:19] <tradermo> short nq 5052,50
[10:50:08] <tradermo> stop 4060
[10:50:44] <tradermo> difficult to sell with so many bullish bulls
[10:52:51] <TradeSnake___> Short YM @ 17003
[10:53:57] <tradermo> stop to breakeven 4052.50
[10:56:32] <TradeSnake___> Flat YM @ 16990 --> +13
[10:56:48] <@wrbtrader> Shorts Emini TF @ 1154.50 -> small size
[10:57:26] <@wrbtrader> 3 contracts
[10:57:32] <@wrbtrader> WRB pt1 reached
[10:57:39] <tradermo> exit all nq 4045
[10:57:44] <@wrbtrader> now trailing @ profit
[10:58:23] <@wrbtrader> so far today...as soon as I adjust my stop into a profitable trail...it retraces to spook me out of the trade
[10:59:02] <@wrbtrader> Emini TF still sitting at the WRB pt1 (chopping around it)
[10:59:13] <@wrbtrader> 1153.60
[11:00:25] <tradermo> exited nq early because still in iwm puts, back later
[11:00:34] <@wrbtrader> WRB pt2 reached
[11:01:29] <@wrbtrader> Covered all Emini TF Short @ 1152.20 --> + 2.3
[11:03:03] <TradeSnake___> Short GC @ 1279.8
[11:03:46] <@wrbtrader> Gold GC futures retesting the R area of its most recent Up WRB Hidden GAP 1min chart
[11:04:39] <@wrbtrader> WTI Crude Oil CL futures retesting the R area of its most recent Down WRB Hidden GAP interval 1min chart
[11:14:43] <TradeSnake___> Short YM @ 17000
[11:17:31] <TradeSnake___> Flat YM @ 16990 --> +10
[11:19:25] <@wrbtrader> Shorts Emini TF @ 1155.20 -> small size
[11:19:30] <@wrbtrader> 1 contract
[11:19:58] <@wrbtrader> volatility is very low now
[11:20:12] <@wrbtrader> reason why I dropped my position size down to 1 contract...
[11:20:28] <@wrbtrader> There's also the time of day concern (near lunch)
[11:20:43] <@wrbtrader> WRB pt1 reached
[11:21:28] <@wrbtrader> Covered Emini TF Short @ 1154.50 --> + 0.7
[12:00:07] <@wrbtrader> S&P 500 Falls From Record Level as Ukraine Tensions Rise (Bloomberg) @ http://www.bloomberg.com/news/2014-08-2 ... peaks.html
[12:09:54] <@wrbtrader> Long Emini TF @ 1159.10 -> small size
[12:09:59] <@wrbtrader> 1 contract
[12:25:43] <robbin_banks> what a great trade mr p!!! alittle lunch money for ya
[12:25:49] <robbin_banks> :)
[12:27:43] <@wrbtrader> WRB pt2 reached
[12:28:01] <@wrbtrader> Exited Emini TF Long @ 1161.10 --> + 2
[12:40:01] <Tigerman__> take care all
[13:25:32] <tradermo> market pretty balanced, not much of directional edge here
[13:27:52] <tradermo> only doing gamma scalps today to stay delta neutral
[13:29:57] <tradermo> and a few selected long equities
[14:00:29] <TradeSnake___> Short YM @ 17006
[14:05:52] <tradermo> long iwm 114.38
[14:08:46] <TradeSnake___> Exited YM Short @ 16998 --> +8
[14:31:39] <@wrbtrader> Shorts Emini TF @ 1158.10 -> small size
[14:31:54] <@wrbtrader> 1 contract
[14:32:17] <@wrbtrader> Covered Emini TF Short @ 1158.30 --> - 0.2
[14:32:33] <@wrbtrader> that one was a stinker a mile away :(
[14:34:10] <tradermo> aading to iwm long 115.36
[14:35:40] <tradermo> stop 115.11
[14:38:08] <@wrbtrader> Shorts Emini TF @ 1158.20 -> small size
[14:38:15] <@wrbtrader> 2 contracts
[14:44:38] <@wrbtrader> testing the top price of the recent Down WRB
[14:51:07] <@wrbtrader> Covered all Emini TF Short @ 1159.90 --> - 1.7
[14:51:57] <tradermo> stop to breakeven 115.37
[14:52:33] <tradermo> tight stop, cannot see any big guys
[15:09:33] <tradermo> exit half iwm 115.56
[15:10:00] <@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
[15:14:54] <@wrbtrader> Long Emini TF @ 1161.60 -> small size
[15:15:04] <@wrbtrader> 3 contracts
[15:20:06] <@wrbtrader> Exited all Emini TF Long @ 1161.60 --> 0
[15:20:33] <@wrbtrader> too much contraction after retesting the 1162.00 area
[15:21:09] <tradermo> not trusting this move much
[15:21:53] <tradermo> was more confident with wrbtrader on my side
[15:22:39] <tradermo> can count the big guys on my fingers
[15:28:38] <robbin_banks> long tf 1cnt @1160.70 off 3 min hg
[15:32:17] <robbin_banks> cover tf long @1161.10 +.4
[15:43:42] <@wrbtrader> Shorts Emini TF @ 1159.70 -> medium size
[15:43:52] <@wrbtrader> 2+2 contracts
[15:44:01] <tradermo> exit rem iwm 115.37
[15:45:08] <@wrbtrader> :(
[15:46:57] <@wrbtrader> Covered all Emini TF Short @ 1159.40 --> + 0.3
[15:47:01] <@wrbtrader> punks
[15:47:16] <robbin_banks> lol
[15:47:19] <tradermo> yes !
[15:48:01] <@wrbtrader> I think too many of us retail folks need to work together to battle the big boys instead of battling each other :(
[15:49:00] <@wrbtrader> A lot of folks out there trying to scalp TF for a few ticks instead of moving with the flow for several points
[15:49:38] <@wrbtrader> that's why we see that funky chop too often when volatility shows up in an overall low volatility condition
[15:50:05] <tradermo> yes, we should require a minimum profit target :)
[15:50:09] <@wrbtrader> :)
[15:50:33] <tradermo> otherwise its cheating
[15:51:14] <tradermo> calling it quits, good weekend everyone
[15:53:02] <@wrbtrader> by tradermo
[15:53:33] <@wrbtrader> Shorts Emini TF @ 1159.10 -> medium size
[15:53:43] <@wrbtrader> 4 contracts
[15:53:54] <@wrbtrader> re-entry into that same support area
[15:54:07] <@wrbtrader> meant...where my prior Short hit a wall
[15:54:15] <@wrbtrader> or more like a trampoline
[15:56:35] <@wrbtrader> small WRB pt1 reached :(
[15:57:06] <@wrbtrader> small WRB pt2 reached
[15:59:12] <@wrbtrader> Covered 3/4 Emini TF Short @ 1158.00 --> + 1.1
[15:59:34] <@wrbtrader> WRB pt3 reached
[16:01:06] <@wrbtrader> Covered Remainder Emini TF Short @ 1157.90 --> + 1.2
[16:01:34] <@wrbtrader> Take care all, have a good weekend and see all on Monday
[16:02:35] <winmax300> Thank you. You, too.
[16:03:44] <TradeSnake___> Thank you!
[16:16:58] <robbin_banks> yes thanks mr p..see ya monday
Session Close: Fri Aug 22 17:01:44 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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