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 Post subject: August 25th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Aug 30, 2014 5:59 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:
082514-Key-Price-Action-Markets.png
082514-Key-Price-Action-Markets.png [ 1.33 MiB | Viewed 256 times ]

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

Session Start: Mon Aug 25 09:27:46 2014
Session Ident: ##TheStrategyLab
[09:27:46] * Now talking in ##TheStrategyLab
[09:27:46] * 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'
[09:27:46] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:27:46] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:29:12] <@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.
[09:30:22] <@wrbtrader> KME today @ 0945am and 1000am est
[09:36:55] <tradermo> long nq 4072.50
[09:40:57] <@wrbtrader> volatility in the markets (most key markets) is LOW out of the regular session gate of 0930am est
[09:41:20] <@wrbtrader> That will keep my position size smaller as an adjustment for the low volatility
[09:41:27] <bcole3> short tf 1165.3
[09:41:36] <tradermo> exit all nq 4072.50
[09:42:05] <bcole3> exit all tf at 1164.3
[09:42:33] <bcole3> *correct 1164
[09:42:46] <@wrbtrader> Shorts Emini TF @ 1164.60 -> small size
[09:42:59] <@wrbtrader> 1+2 contracts
[09:45:54] <Titus9631> mr. perry, if you have time just wondering why did you took that trade?
[09:46:45] <@wrbtrader> Covered all Emini TF Short @ 1164.50 --> + 0.1
[09:47:26] <@wrbtrader> price action is stalled..will just watch because chop is slowly showing up as the volatility goes lower
[09:48:43] <@wrbtrader> Titus...to be general...on the all session chart...the trend is down since 0845am est via the 1min, 2min and 3min charts
[09:49:14] <@wrbtrader> Next, the price open on the regular session chart with a Down WRB Hidden GAP interval
[09:49:50] <@wrbtrader> Next, I saw price struggling to get above the R area of that Down WRB Hidden GAP interval
[09:51:14] <Titus9631> thanks Much! I see you take trades but sometimes I just don't understand why so I appreciate it. I was curious on this one because I didn't think we were in a confirmed downtrend (DCM Analysis).
[09:51:33] <Tigerman__> gm all
[09:51:50] <bcole3> Mr.Perry are you referring to the hidden gap that formed during the first three minutes of trading on the TF?
[09:54:38] <@wrbtrader> Yep
[09:54:45] <@wrbtrader> on the 1min and 3min charts
[09:56:12] <@wrbtrader> WTI and Gold futures lost their volatility since 0930am est
[09:56:46] <tradermo> short nq 4075
[09:56:53] <@wrbtrader> Long Emini TF @ 1167.50 -> small size
[09:57:05] <@wrbtrader> 1 contract
[09:57:57] <@wrbtrader> Exited Emini TF Long @ 1167.30 --> - 0.2
[09:58:25] <@wrbtrader> two consecutive early out trades plus on low volatility
[09:58:29] <@wrbtrader> not good
[10:00:10] <@wrbtrader> Long Emini TF @ 1168.00 -> medium size
[10:00:20] <@wrbtrader> 4 contracts
[10:00:23] <@wrbtrader> volatility increasing
[10:00:57] <@wrbtrader> didn't last long :(
[10:01:51] <@wrbtrader> at least it tried off that KME
[10:02:01] <@wrbtrader> instead of sitting dead in the water
[10:03:26] <@wrbtrader> Exited all Emini TF Long @ 1167.30 --> - 0.7
[10:05:13] <tradermo> stop to breakeven 4075
[10:05:29] <@wrbtrader> Two KME's producing very low volatility
[10:06:09] <tradermo> exit all nq 4074.75
[10:06:36] <tradermo> bad stop trigger
[10:06:50] <@wrbtrader> Long Emini TF @ 1167.30 -> medium size
[10:06:57] <@wrbtrader> 4 contracts
[10:07:00] <@wrbtrader> re-entry
[10:07:24] <@wrbtrader> tighten stop
[10:08:36] <@wrbtrader> Exited all Emini TF Long @ 1167.30 --> 0
[10:08:40] <@wrbtrader> :(
[10:09:03] <@wrbtrader> if it stinks...it stinks
[10:10:08] <@wrbtrader> VIX @ 11.55 but in a very tight trading range
[10:11:28] <bcole3> very tight..based on first 30 minute price action seems to be shaping up to be a narrow range trading day. confirmation would be a touch of 1165.7
[10:12:30] <bcole3> those who want to practice reading price action and WRB analysis chartgame.com is a pretty good resource, pretty fun as well if you all are interested in checking it out.
[10:14:41] <bcole3> Long ES 96.50
[10:16:26] <bcole3> Target 97.25
[10:17:09] <bcole3> small hidden gap on the 1 minute time frame filled at 97
[10:19:23] <@wrbtrader> bcole3...how did you fix your log-in problems (what was wrong) ?
[10:19:33] <@wrbtrader> answer when your not in a trade
[10:22:05] <@wrbtrader> Long Emini TF @ 1167.40 -> medium size
[10:22:14] <@wrbtrader> 2+2 contracts
[10:22:42] <bcole3> i'm embarrassed Mr.Perry. I'm an old hen still trying to grasp techonology
[10:23:20] <tradermo> short ym 17075
[10:23:25] <@wrbtrader> If I take this small WRB pt1...I'm just churning for the trading day so far (just the broker making money)
[10:23:35] <@wrbtrader> will hold for a WRB pt2
[10:23:36] <bcole3> i was typing in "password" instead of the actual password lol
[10:25:00] <bcole3> exit all contracts at 96.75
[10:25:10] <@wrbtrader> Exited all Emini TF Long @ 1167.90 --> + 0.5
[10:25:20] <bcole3> long ES
[10:25:20] <tradermo> stop to breakeven 17075
[10:25:23] <bcole3> 95.5
[10:27:52] <bcole3> exit all at 96.25
[10:28:30] <bcole3> hidden gap formed on one minute time frame with a touch down to the VWAP at 95.25
[10:29:45] <@wrbtrader> Starting to turn into a "slow grind" of a trading day
[10:30:15] <bcole3> short tf 68.2
[10:30:35] <bcole3> price filled hidden gap on 1 minute time frame..
[10:31:04] <@wrbtrader> Long Emini TF @ 1167.90 -> large size
[10:31:19] <@wrbtrader> re-entry
[10:31:38] <tradermo> exit all ym 17075
[10:33:34] <@wrbtrader> rolled the dice on the position size...
[10:33:38] <bcole3> exit all tf shorts at 67.4
[10:33:45] <@wrbtrader> Usually I'm small size in this type of price action
[10:34:56] <@wrbtrader> lets see if the price action can "climb" the range of that 1000am est KME interval
[10:38:39] <tradermo> short ym 17076
[10:39:10] <@wrbtrader> Exited 1/3 Emini TF Long @ 1168.90 --> + 1
[10:39:13] <@wrbtrader> WRB pt1 reached
[10:39:37] <@wrbtrader> rolled the dice again...usually I would dump it all at once in this type of price action
[10:40:09] <@wrbtrader> in reference to WRB pt1 in this type of price action
[10:44:33] <@wrbtrader> 3 consecutive low volatility intervals (rising) after reaching WRB pt1 (2min chart)
[10:45:16] <bcole3> could be a bearish swing point coming up? correct
[10:45:40] <@wrbtrader> don't know...won't know until after the fact
[10:46:39] <tradermo> ym stop at 17098, hoping for new high and reverse
[10:47:00] <@wrbtrader> If a bearish swing point does show up...it'll probably do such on "increasing volatility"...
[10:47:24] <bcole3> thank you
[10:47:36] <@wrbtrader> Then when it does get confirmed as such...the volatility will probably die (very low)
[10:49:29] <@wrbtrader> VIX spiked lower
[10:50:35] <@wrbtrader> Most important thing about that spike in the VIX is that its no longer range bound
[10:50:43] <@wrbtrader> tightning trail stop
[10:50:50] <bcole3> understood
[10:51:09] <@wrbtrader> price action will now either increase volatility and move higher or suddenly reverse
[10:51:40] <@wrbtrader> trailing @ profit
[10:52:10] <@wrbtrader> in reference to the Emini futures
[10:54:49] <@wrbtrader> Treasury bonds stabilize after that big drop at the open
[10:55:31] <@wrbtrader> Exited 1/3 Emini TF Long @ 1169.00 --> + 1.1
[10:55:54] <@wrbtrader> Exited Remainder Emini TF Long @ 1168.90 --> + 1
[10:56:59] <@wrbtrader> sucks...had it reached 1170 or higher...I would have called it quits for the day
[10:57:38] <tradermo> exit all ym 17098
[10:59:22] <@wrbtrader> not a pretty price action today
[10:59:59] <@wrbtrader> Overall the volatility is very low and I'm 100% position the low VIX is catching the attention of the big boys
[11:00:22] <@wrbtrader> 100% positive (not position)
[11:01:04] <robbin_banks> what does that mean to them mr P?
[11:01:07] <@wrbtrader> lowest the VIX has been all month
[11:02:35] <@wrbtrader> Low volatility equal more games they play...more chop, more strange price behavior, more options play by the big boys and more in-fighting amongst retail traders trying to catch a few ticks here n there
[11:02:55] <@wrbtrader> not good price action to trade
[11:03:31] <robbin_banks> oh i get it thank you
[11:03:46] <lightenup> Sold YM 17099
[11:03:53] <@wrbtrader> If the VIX drops below June lows of 10.28
[11:04:00] <@wrbtrader> It'll be HUGE market news
[11:04:27] <@wrbtrader> I'll probably go on vacation in reaction or start taking a lot of trading days off from the markets
[11:04:42] <tradermo> short nq 4075.50
[11:05:15] <lightenup> Flat YM @ 17098 +1 Moved stop quickly
[11:05:16] <@wrbtrader> You'll start seeing a lot of us retail traders having account "blow ups" or big losing trading days as the VIX goes lower
[11:05:46] <tradermo> stop 4085 - back later
[11:13:40] <bcole3> Long TF
[11:13:45] <bcole3> 67.3
[11:19:45] <bcole3> exit all tf 67.3
[11:24:38] <@wrbtrader> Shorts Emini TF @ 1166.20 -> small size
[11:25:05] <@wrbtrader> 3 contracts
[11:25:26] <@wrbtrader> :(
[11:26:07] <bcole3> why the sad face? lol
[11:26:13] <@wrbtrader> I'm looking for a Houdini Escape out of this Short position
[11:27:49] <@wrbtrader> Covered all Emini TF Short @ 1167.00 --> - 0.8
[11:33:24] <@wrbtrader> Shorts Emini TF @ 1167.70 -> small size
[11:33:36] <@wrbtrader> 3 contracts
[11:33:52] <@wrbtrader> re-entry
[11:37:31] <@wrbtrader> too many small intervals after entry
[11:37:35] <@wrbtrader> volatility declining fast
[11:37:43] <@wrbtrader> I'm starting to smell a pending volatility spike
[11:37:49] <@wrbtrader> tightning stop loss
[11:38:00] <tradermo> exit all nq 4075.50
[11:41:45] <robbin_banks> and there is was!!
[11:41:51] <@wrbtrader> Emini TF futures retesting the S area of the 1109am est Down WRB Hidden GAP interval 1min chart
[11:42:48] <bcole3> noticed that
[11:44:21] <@wrbtrader> I just lost my patience
[11:44:49] <@wrbtrader> Covered all Emini TF Short @ 1167.80 --> - 0.1
[11:45:52] <@wrbtrader> locking in the small profits I have for today to guarantee its a profitable day.
[11:46:10] <@wrbtrader> I don't think the trading day is going to improve for me
[11:46:25] <@wrbtrader> Take care all and see all tomorrow
[11:48:44] <robbin_banks> see ya mr p
[11:49:47] <bcole3> see you mr.p
[11:51:20] <TradeSnake___> Short GC @ 1277.1
[12:00:35] <tradermo> long ym 17090
[12:01:05] <Tigerman__> take care all
[12:01:27] <tradermo> stop 17069
[12:16:13] <robbin_banks> see ya tiger
[12:21:23] <tradermo> stop to 17060
[12:21:51] <tradermo> below earlier 5 min wrb hg
[12:23:11] <tradermo> need to see if tf bounces back
[12:33:55] <robbin_banks> long tf @1161.40
[12:33:59] <robbin_banks> 1cnt
[12:36:14] <robbin_banks> sl hit at 1161.00 -.4
[12:42:05] <tradermo> short iwm 115.51
[12:43:07] <tradermo> stop 115.87
[12:55:13] <tradermo> exit all ym 17060
[13:41:06] <tradermo> moving iwm stop to 116.07 - above 2min wrb hg
[14:22:46] <robbin_banks> buy guys!!see ya tomorrow
[15:58:58] <tradermo> exit all iwm 115.74
Session Close: Mon Aug 25 19:53:52 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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