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 Post subject: August 28th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Aug 30, 2014 6:04 am 
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Trader / Forum Admin

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:
082814-Key-Price-Action-Markets.png
082814-Key-Price-Action-Markets.png [ 1.27 MiB | Viewed 264 times ]

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

Session Start: Thu Aug 28 09:42:56 2014
Session Ident: ##TheStrategyLab
[09:42:56] * Now talking in ##TheStrategyLab
[09:42:56] * 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'
[09:42:56] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:42:57] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:45:12] <tradermo> short iwm 115.64
[09:46:15] <@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.
[09:47:50] <tradermo> short ym 17019
[09:50:41] <TradeSnake____> Short YM @ 17027
[09:51:32] <tradermo> exit all iwm 115.91
[09:55:22] <tradermo> exit all ym 17037
[09:56:40] <@wrbtrader> Emini futures retracing back into the regular session gap
[09:58:04] <@wrbtrader> Regular session KMEs @ 1000am and 1030am est
[09:59:47] <TradeSnake____> Flat YM @ 17047 -20
[10:01:16] <bcole3> price action for es already priced in positive news...
[10:01:46] <TradeSnake____> geez sometimes it feels like they know where my stop is... :(
[10:02:32] <robbin_banks> i get that same feeling all the time
[10:03:54] <@wrbtrader> I had a long signal that I didn't take...had I taken it..it would have resulted as a loss
[10:07:23] <bcole3> didn't take it due to the news mr.perry?
[10:09:03] <@wrbtrader> Just intuition
[10:09:27] <@wrbtrader> I'll research it later to try to come up with a price action reason to why I ignored the trade signal
[10:10:18] <bcole3> understood
[10:10:54] <bcole3> read the thread on your daily preparation...very wholistic and motivational
[10:11:27] <@wrbtrader> Thanks
[10:13:25] <@wrbtrader> This KME hasn't generated any volatility so far...
[10:13:38] <@wrbtrader> I say that because the volatility has been "declining" since the KME
[10:14:57] <@wrbtrader> In the old days (prior to the 2008 financial fiasco)...this would setup a HUGE like directional price action
[10:18:01] <@wrbtrader> Shorts Emini TF @ 1163.30 -> medium size
[10:18:36] <@wrbtrader> 6 - 7 tick chaser could be costly
[10:18:52] <@wrbtrader> It just moved to darn fast to react to the increasing volatility
[10:19:10] <@wrbtrader> 4 contracts
[10:19:46] <@wrbtrader> Covered all Emini TF Short @ 1163.60 --> - 0.3
[10:20:00] <@wrbtrader> I'm not going to take a big hit on this because of the chasing
[10:21:41] <@wrbtrader> TF back at the price I should have been Short
[10:27:34] <@wrbtrader> Shorts Emini TF @ 1163.70 -> medium size
[10:27:45] <@wrbtrader> 4 contracts re-entry
[10:31:10] <@wrbtrader> Covered all Emini TF Short @ 1164.00 --> - 0.3
[10:31:52] <@wrbtrader> range is extremely tight and volatility is very low
[10:32:01] <@wrbtrader> something is going to snap here soon
[10:33:14] <@wrbtrader> Shorts Emini TF @ 1163.80 -> medium size
[10:33:26] <@wrbtrader> 4 contracts re-entry
[10:34:00] <@wrbtrader> I know my stops are tight but I'm not going to take any extra risk with this type of tight range price action
[10:36:26] <@wrbtrader> how long can you watch paint dry ?
[10:36:46] <@wrbtrader> :(
[10:39:30] <@wrbtrader> This has become a "psychological trade"
[10:39:48] <@wrbtrader> Its testing everything involving my patience
[10:40:05] <@wrbtrader> increasing volatility but so far today such has dried up fast
[10:40:35] <@wrbtrader> It took about 5 minutes for volatility to show up after my entry
[10:40:54] <@wrbtrader> each minute felt like an hour
[10:41:09] <@wrbtrader> WRB pt1 reached
[10:43:12] <@wrbtrader> Covered all Emini TF Short @ 1162.90 --> + 0.9
[10:43:58] <@wrbtrader> starting to feel like yesterday before I got frustrated and called it quits early
[10:45:30] <@wrbtrader> Last year I calculated that my "lack of patience" (early exits before a WRB pt1) cost me about 28k.
[10:46:07] <@wrbtrader> Thus year I'm currently sitting @ 27k
[10:46:48] <bcole3> short 1164.9 TF
[10:48:22] <bcole3> target 64.1
[10:49:19] <bcole3> exit all tf 1164.7
[11:13:24] <bcole3> short TF 67.2
[11:13:44] <bcole3> 67.1 was the fill
[11:15:12] <bcole3> exit all TF 66.3
[11:16:19] <robbin_banks> since its slow i wanted to share a quick bit i read recently...A guy claims he turned $100 INTO 1 MILLON
[11:16:36] <robbin_banks> in 2 months..never a single loss..
[11:16:44] <robbin_banks> when asked how he did it...
[11:16:46] <tradermo> short iwm 115.99
[11:17:11] <robbin_banks> he said there are hidden gaps in the market you cant see and price will always return to them
[11:17:31] <tradermo> stop 116.33
[11:17:42] <robbin_banks> :0
[11:17:47] <robbin_banks> :)
[11:21:36] <@wrbtrader> I met someone that turned $100 into 2 million...
[11:21:59] <@wrbtrader> He lived in Seattle Washington and did it when he bought about $100 worth of lottery tickets...
[11:22:03] <@wrbtrader> He then won
[11:22:55] <@wrbtrader> Anyways, he spent it all withint about 3 years
[11:23:06] <robbin_banks> :)..i just thought it was curious that he claims he did it using "Hidden gaps"!
[11:23:53] <tradermo> did he say wrb hidden gaps ?
[11:24:26] <@wrbtrader> If he's talking about Hidden GAPs I discovered in the late 1980s as a teen...
[11:24:58] <@wrbtrader> We're obviously doing something wrong if he really did such (I doubt)
[11:25:00] <@wrbtrader> :)
[11:25:01] <robbin_banks> no.. tradermo..that all i really know
[11:25:12] <tradermo> ok :)
[11:25:36] <robbin_banks> yeah..im always weary of such stories..but it sounded cool
[11:26:08] <@wrbtrader> Markets need to be doing something "extroadinary" to allow such gains...
[11:26:39] <@wrbtrader> Those types of price actions only occurs 1 - 2 times every 10 years
[11:28:07] <@wrbtrader> Last time I heard of price action doing something like that is Bitcoin
[11:29:14] <@wrbtrader> Check what Bitcoin did in 2013 @ http://blockchain.info/charts/market-pr ... 0&address=
[11:30:38] <@wrbtrader> You can't just put $100 in and leave it alone to get gains like that
[11:31:35] <@wrbtrader> Instead, you need to take profits on any tiny pullback and then take those profits to RE-purchase at a cheaper price...keep doing it all the way up.
[11:33:49] <@wrbtrader> Like I said, you need an "extroadinary" situation to setup such an opportunity to put just $100 into something and then you need to manage it to that 1 million dollars.
[11:34:02] <@wrbtrader> Can't just put $100 in there and walk away :)
[11:34:09] <robbin_banks> the story goes he daytraded...300 lots at a time..never a loss...in and out ..off of hidden gaps...supossedly has a website ..trying to get it...but no luck..if i can ill pass it to you
[11:34:56] <@wrbtrader> 300 lots on $100 or did he use 300 lots towards that end after he "accumulated" a large trading account ?
[11:35:06] <@wrbtrader> Most likely the latter if such occurred
[11:35:30] <robbin_banks> yes..dont think u can even use 300 lots on a 100..
[11:36:00] <@wrbtrader> The only thing I can think of is Forex because that's a term used in Forex "lots"
[11:36:39] <@wrbtrader> Now we know he's not one of those Bitcoin multi millionaires you read about in Businessweek or Forbes magazine
[11:37:06] <robbin_banks> it was really a vague story a guy on FF claims he actually knows this person and watched him do it live...i just thought it interesting because he used the word hidden gap or invisible gaps..something like that
[11:38:27] <@wrbtrader> He could have done it during the infamous Dot Com price actions (1990s)
[11:39:21] <@wrbtrader> Those were "extroadinary" markets
[11:40:36] <robbin_banks> claims it was 2007-2008
[11:41:28] <@wrbtrader> If it was true...he would have told you what market
[11:41:45] <@wrbtrader> without needed to discuss an detailed trades
[11:45:51] <robbin_banks> yeah..like i said it really only caught my attention because he said he used gaps that you cant see..inveisble gaps / hidden gaps..
[11:46:17] <robbin_banks> so i instantly thought of WRB analysis
[11:57:05] <robbin_banks> gonna take an early lunch...back later
[12:34:46] <TradeSnake____> Short GC @ 1291.0
[13:21:51] <tradermo> exit all iwm 115.99
[14:59:12] <tradermo> long nq 4067
[15:07:53] <lightenup> Sell TF @ 1164.5
[15:19:25] <lightenup> Flat @1165.0 -.5
[15:36:07] <tradermo> stop to breakeven 4067
[15:46:04] <@wrbtrader> just got back from a long lunch
[15:50:35] <tradermo> exit all nq 4067
[15:53:13] <@wrbtrader> Shorts Emini TF @ 1165.10 -> small size
[15:53:26] <@wrbtrader> 2+1 contracts
[16:00:33] <@wrbtrader> Covered all Emini TF Short @ 1164.90 --> + 0.2
[16:12:15] <@wrbtrader> Take care all and see all tomorrow
[16:49:44] <TradeSnake____> Covered GC short @ 1289.9 --> +1.1
Session Close: Thu Aug 28 19:25:55 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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