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 Post subject: September 12th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Sep 13, 2014 5:55 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:
091214-Key-Price-Action-Markets.png
091214-Key-Price-Action-Markets.png [ 1.26 MiB | Viewed 261 times ]

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

Session Start: Fri Sep 12 09:24:52 2014
Session Ident: ##TheStrategyLab
[09:24:52] * Now talking in ##TheStrategyLab
[09:24:52] * 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'
[09:24:52] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:24:52] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:25:00] <Titus9631> gm all
[09:25:36] <wrbtrader> Good morning all
[09:26:19] <@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.
[09:29:54] <@wrbtrader> Looks like Emini TF futures is going to open the regular session inside the range of an unfilled Up WRB Hidden GAP
[09:30:02] <@wrbtrader> from yesterday 2min chart
[09:32:27] <@wrbtrader> Shorts Emini TF @ 1164.70 -> large size
[09:32:45] <@wrbtrader> 3+2+3 contracts
[09:33:55] <@wrbtrader> now the S area of that Up WRB Hidden GAP is causing problems for my Short position
[09:34:14] <tradermo> long iwm 116.38
[09:34:19] <@wrbtrader> S area @ 1165.20
[09:35:16] <@wrbtrader> Covered all Emini TF Short @ 1165.30 --> - 0.6
[09:35:56] <tradermo> stop to breakeven 116.38
[09:37:22] <@wrbtrader> Shorts Emini TF @ 1165.50 -> large size
[09:37:31] <tradermo> exit all iwm 116.38
[09:37:38] <@wrbtrader> re-entry
[09:38:02] <tradermo> long iwm 116.31
[09:38:02] <@wrbtrader> price now below that S area
[09:38:17] <@wrbtrader> shallow WRB pt1 reached
[09:38:20] <tradermo> stop 116.11
[09:39:12] <@wrbtrader> I need a WRB pt2 or 1163.00 on this trade to get what I want
[09:39:59] <@wrbtrader> Covered 1/2 Emini TF Short @ 1162.30 --> + 3.2
[09:40:04] <tradermo> exit all iwm 116.11
[09:40:10] <@wrbtrader> WRB pt2 reached
[09:40:15] <@wrbtrader> volatility still increasing
[09:40:48] <@wrbtrader> Covered Emini TF Short @ 1161.40 --> + 4.1
[09:40:51] <@wrbtrader> Holding 1 contract remainder
[09:41:44] <@wrbtrader> Key Market Events @ 0955am and 1000am est
[09:46:23] <tradermo> short ym 16095
[09:50:00] <@wrbtrader> Covered Remainder Emini TF Short @ 1163.30 --> + 2.2
[09:50:07] <@wrbtrader> :(
[09:53:50] <tradermo> ym stop 17021
[09:54:12] <jpan> long nq 70.0
[09:55:56] <jpan> exit half @ 72
[09:57:00] <jpan> long add 68
[09:58:46] <@wrbtrader> Shorts Emini TF @ 1161.70 -> small size
[09:58:58] <@wrbtrader> 3 contracts
[09:59:12] <tradermo> exit all ym 16997
[09:59:17] <tradermo> long ym 16997
[10:00:04] <@wrbtrader> WRB pt1 reached
[10:00:25] <@wrbtrader> Covered all Emini TF Short @ 1160.70 --> + 1
[10:03:46] <@wrbtrader> Shorts Emini TF @ 1159.80 -> small size
[10:04:17] <@wrbtrader> 1+1+1 contracts
[10:04:54] <tradermo> exit all ym 16977
[10:05:15] <@wrbtrader> WRB pt1 reached
[10:05:19] <@wrbtrader> chop just showed up
[10:05:21] <jpan> exit 62.5
[10:05:39] <@wrbtrader> traders trying to defend this price area of 1159.00
[10:08:29] <@wrbtrader> Covered all Emini TF Short @ 1159.30 --> + 0.5
[10:08:44] <@wrbtrader> The were able to defend it :(
[10:09:00] <@wrbtrader> lets now see if they got any juice left to continue defending it
[10:09:00] <tradermo> short nq 4072
[10:09:12] <@wrbtrader> If not...I'm re-entering my Short position
[10:10:12] <tradermo> stop 4084
[10:10:43] <jpan> short es 81.75
[10:10:59] <TradeSnake_____> Short YM @ 16915
[10:17:17] <@wrbtrader> Long Emini TF @ 1161.60 -> small size
[10:17:23] <@wrbtrader> 2 contracts
[10:17:27] <@wrbtrader> intuition trade
[10:20:12] <@wrbtrader> Exited all Emini TF Long @ 1162.30 --> + 0.7
[10:21:02] <@wrbtrader> WRB pt1 reached
[10:23:53] <@wrbtrader> Shorts Emini TF @ 1161.60 -> small size
[10:24:02] <@wrbtrader> 2 contracts
[10:24:47] <TradeSnake_____> Flat YM @ 16938 -->-23
[10:24:48] <@wrbtrader> last two trades are close to each other...looks like a range is trying to develop
[10:24:58] <@wrbtrader> volatility also declining
[10:25:59] <@wrbtrader> volatility needs to start increasing here soon to prevent me from getting spooked out of this Short position
[10:26:12] <@wrbtrader> increasing volatility now
[10:26:24] <@wrbtrader> WRB pt1 reached
[10:26:41] <@wrbtrader> Covered all Emini TF Short @ 1160.40 --> + 1.2
[10:30:18] <tradermo> keeping nq stop at 4084 - back later
[10:33:21] <jpan> cover 83.5
[10:35:38] <jimfenster> ranges getting tight
[10:40:12] <jpan> long es 82.5
[10:46:27] <@wrbtrader> Shorts Emini TF @ 1158.30 -> small size
[10:46:38] <@wrbtrader> 3 contracts
[10:46:47] <@wrbtrader> :(
[10:47:34] <@wrbtrader> Covered all Emini TF Short @ 1158.50 --> - 0.2
[10:47:57] <@wrbtrader> Shorts Emini TF @ 1158.50 -> small size
[10:48:08] <@wrbtrader> 3 contracts re-entry
[10:48:23] <@wrbtrader> hmmm...something just doesn't seem right on these Shorts right now
[10:49:04] <jpan> add es long @ 82
[10:50:06] <@wrbtrader> Covered all Emini TF Short @ 1159.20 --> - 0.7
[10:55:00] <jpan> out half at 85
[10:58:52] <@wrbtrader> Long Emini TF @ 1160.20 -> small size
[10:59:05] <@wrbtrader> 2+1 contracts
[10:59:34] <@wrbtrader> will be a tough trade against the obvious down day
[11:03:47] <@wrbtrader> Exited all Emini TF Long @ 1159.50 --> - 0.7
[11:04:12] <jpan> the ES looks much stronger than TF
[11:04:19] <@wrbtrader> Emini TF now retesting the S area of its most recent Up WRB Hidden GAP
[11:04:38] <@wrbtrader> It may try again from that S area
[11:05:36] <tradermo> nq stop to 4092
[11:06:58] <@wrbtrader> Long Emini TF @ 1160.20 -> medium size
[11:07:08] <@wrbtrader> 2+1+1 contracts
[11:07:10] <@wrbtrader> re-entry
[11:07:31] <tradermo> missed nq exit lower, now may need more room
[11:07:43] <@wrbtrader> Its a tight range and its the only reason why my stops have been small right now
[11:11:37] <@wrbtrader> Exited all Emini TF Long @ 1159.60 --> - 0.6
[11:11:46] <@wrbtrader> back to the S area
[11:11:58] <@wrbtrader> now below the S area on increasing volatility
[11:13:43] <@wrbtrader> 2 - 3 point range
[11:13:58] <@wrbtrader> TF currently at the bottom of that range
[11:14:00] <@wrbtrader> now below it
[11:14:20] <lightenup> Sold TF
[11:15:08] <lightenup> Sold TF @ 1158.50
[11:15:54] <lightenup> Flat TF @ 1157.50 + 1.0
[11:20:27] <@wrbtrader> Shorts Emini TF @ 1157.60 -> large size
[11:21:10] <@wrbtrader> TF failed counter-thrust
[11:21:17] <@wrbtrader> volatility increasing
[11:21:33] <@wrbtrader> 3+1+2 contracts
[11:22:06] <@wrbtrader> I need an extra 6 ticks to compensate for the prior losing trades
[11:22:23] <@wrbtrader> 1155.30
[11:22:27] <@wrbtrader> WRB pt1 reached
[11:25:17] <@wrbtrader> volatility just died :(
[11:25:39] <@wrbtrader> tightning trail
[11:25:44] <@wrbtrader> trailing @ profit
[11:25:51] <@wrbtrader> I'm now expecting a volatility spike
[11:30:53] <@wrbtrader> Covered 2/3 Emini TF Short @ 1155.20 --> + 2.4
[11:31:01] <@wrbtrader> WRB pt2 reached
[11:31:48] <@wrbtrader> Russell RVX is now at intraday highs
[11:32:26] <@wrbtrader> Covered Remainder Emini TF Short @ 1155.50 --> + 2.1
[11:36:06] <@wrbtrader> Shorts Emini TF @ 1155.10 -> small size
[11:36:19] <@wrbtrader> 3 contracts
Session Close: Fri Sep 12 11:36:57 2014

Session Start: Fri Sep 12 11:36:57 2014
Session Ident: ##TheStrategyLab
[11:36:57] * Disconnected
[11:37:08] * Attempting to rejoin channel ##TheStrategyLab
[11:37:14] * Rejoined channel ##TheStrategyLab
[11:37:14] * 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'
[11:37:14] * Set by wrbtrader on Tue Feb 05 08:11:19
[11:37:14] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[11:37:36] <tradermo> stop 115.91
[11:39:14] <wrbtrader_away> 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.
Session Close: Fri Sep 12 11:39:55 2014

Session Start: Fri Sep 12 11:39:55 2014
Session Ident: ##TheStrategyLab
[11:39:55] * Disconnected
Session Close: Fri Sep 12 11:41:28 2014

Session Start: Fri Sep 12 11:42:06 2014
Session Ident: ##TheStrategyLab
[11:42:06] * Now talking in ##TheStrategyLab
[11:42:06] * 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'
[11:42:06] * Set by wrbtrader on Tue Feb 05 08:11:19
[11:42:06] -cameron.freenode.net:##TheStrategyLab- [freenode-info] channel flooding and no channel staff around to help? Please check with freenode support: http://freenode.net/faq.shtml#gettinghelp
[11:42:06] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[11:42:43] <@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.
[11:43:27] <@wrbtrader> Covered all Emini TF Short @ 1156.20 --> - 1.1
[11:45:21] <@wrbtrader> Shorts Emini TF @ 1155.60 -> small size
[11:45:28] <@wrbtrader> 3 contracts
[11:45:32] <@wrbtrader> re-entry
[11:46:04] <@wrbtrader> one of my computers crashed in the middle of the prior trade
[11:46:09] <@wrbtrader> :(
[11:47:48] <@wrbtrader> Covered all Emini TF Short @ 1155.50 --> + 0.1
[11:47:54] <@wrbtrader> :(
[11:49:12] <@wrbtrader> Shorts Emini TF @ 1154.20 -> small size
[11:49:21] <@wrbtrader> 3 contracts
[11:49:34] <@wrbtrader> re-entry
[11:49:44] <@wrbtrader> trail pick pocketed in prior trade
[11:50:08] <@wrbtrader> and then they drop after stealing my contracts
[11:50:52] <@wrbtrader> Covered all Emini TF Short @ 1162.30 --> - 8.1
[11:51:05] <@wrbtrader> correction
[11:51:19] <@wrbtrader> Covered all Emini TF Short @ 1153.30 --> + 0.9
[11:53:50] <tradermo> stop to breakeven 115.49
[12:04:43] <@wrbtrader> Shorts Emini TF @ 1153.80 -> small size
[12:04:56] <@wrbtrader> 3 contracts
[12:05:01] <@wrbtrader> geeesh
[12:05:27] <@wrbtrader> Its time for a mental rest...
[12:05:32] <@wrbtrader> trade error
[12:07:09] <@wrbtrader> Covered all Emini TF Short @ 1154.70 --> - 0.9
[12:17:33] <tradermo> moving iwm stop back to 115.91
[12:31:28] <tradermo> exit all nq 4072
[12:32:09] <tradermo> exit all iwm 115.19
[13:21:17] <@wrbtrader> Shorts Emini TF @ 1151.30 -> medium size
[13:21:40] <@wrbtrader> Shorts Emini TF @ 1150.90 -> Add
[13:23:08] <@wrbtrader> Covered 1/2 Emini TF Short @ 1150.30 --> + 0.6
[13:24:31] <@wrbtrader> Covered Remainder Emini TF Short @ 1150.30 --> + 1
[13:31:49] <TradeSnake______> Flat GC @ 1231.1 --> -1.0
[13:32:05] <@wrbtrader> Shorts Emini TF @ 1152.70 -> small size
[13:32:18] <@wrbtrader> 3 contracts re-entry
[13:32:36] <@wrbtrader> My prior Short should have been @ 1152.70
[13:33:08] <@wrbtrader> I had some problems and then I did a late entry...a trade that shouldn't have happen
[13:33:25] <@wrbtrader> I got lucky in the prior trade to escape with a profit
[13:34:32] <@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.
[13:34:54] <@wrbtrader> These counter-thrusts have been "weak" all day
[13:36:21] <@wrbtrader> Covered all Emini TF Short @ 1151.60 --> + 1.1
[13:37:07] <@wrbtrader> Long Emini TF @ 1151.60 -> small size
[13:37:26] <@wrbtrader> 1+1 contracts
[13:37:47] <@wrbtrader> very risky trade AGAINST the obvious downtrend
[13:38:29] <@wrbtrader> price action at a key area and I figure traders will show up to defend that old key change in supply/demand
[13:39:47] <@wrbtrader> Exited all Emini TF Long @ 1151.20 --> - 0.4
[13:40:13] <@wrbtrader> Shorts Emini TF @ 1151.00 -> medium size
[13:40:23] <@wrbtrader> 2+1+1 contracts
[13:43:28] <@wrbtrader> Covered all Emini TF Short @ 1151.30 --> - 0.3
[13:44:19] <@wrbtrader> Shorts Emini TF @ 1152.00 -> large size
[13:44:28] <@wrbtrader> re-entry
[13:45:08] <@wrbtrader> If curious, I've been using the 15min charts this afternoon...without much success
[13:47:33] <tradermo> picked up some qqq calls, planning to short against them at higher prices
[13:48:06] <@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
[13:49:19] <@wrbtrader> Covered 1/2 Emini TF Short @ 1151.70 --> + 0.3
[13:50:05] <@wrbtrader> Covered Remainder Emini TF Short @ 1151.80 --> + 0.2
[13:50:46] <@wrbtrader> great entry on a decent size...I just didn't have the patience to keep it :(
[13:52:05] <@wrbtrader> Shorts Emini TF @ 1152.40 -> medium size
[13:52:16] <@wrbtrader> re-entry into the same price action
[13:52:22] <@wrbtrader> 4 contracts
[13:52:44] <@wrbtrader> more contraction in the volatility
[13:53:13] <@wrbtrader> Theefore, I'm starting to reduce my position size for the remainder of the trading day
[13:54:24] <@wrbtrader> Covered all Emini TF Short @ 1153.40 --> - 1
[13:55:26] <@wrbtrader> Shorts Emini TF @ 1153.30 -> medium size
[13:55:39] <@wrbtrader> 2+2 contracts
[13:55:43] <@wrbtrader> re-entry
[13:59:50] <@wrbtrader> Covered all Emini TF Short @ 1153.10 --> + 0.2
[14:00:10] <@wrbtrader> volatility is just barely there :(
[14:01:00] <@wrbtrader> early exit because the volatility dried up
[14:06:50] <@wrbtrader> just us retail traders fighting each other in this price area
[14:07:00] <@wrbtrader> really no institutional involvment
[14:16:27] <@wrbtrader> Shorts Emini TF @ 1153.60 -> small size
[14:16:37] <@wrbtrader> 3 contracts
[14:17:10] <@wrbtrader> trade via 2min chart
[14:19:24] <@wrbtrader> WRB pt1 reached
[14:19:33] <@wrbtrader> WRB pt2 reached too
[14:20:46] <@wrbtrader> Covered all Emini TF Short @ 1152.80 --> + 0.8
[14:21:08] <@wrbtrader> pick pocketed back at the WRB pt1 :(
[14:21:19] <@wrbtrader> looked like a safe place for a trail stop
[14:22:47] <@wrbtrader> Shorts Emini TF @ 1152.40 -> small size
[14:22:53] <@wrbtrader> 2 contracts
[14:24:01] <@wrbtrader> Covered all Emini TF Short @ 1152.80 --> - 0.4
[14:24:32] <@wrbtrader> Shorts Emini TF @ 1152.70 -> small size
[14:24:40] <@wrbtrader> re-entry
[14:25:19] <@wrbtrader> looks like a temporary line is being drawn in the sand around the 1152.80 area
[14:31:07] <@wrbtrader> Covered all Emini TF Short @ 1152.20 --> + 0.5
[14:31:08] <tradermo> the 10 handles below us will be hard to break on todays volume
[14:31:33] <@wrbtrader> Just not getting much as this range gets tighter
[14:31:39] <tradermo> this is where higher time frame buyers could step in due to moving averages etc
[14:31:50] <@wrbtrader> It may open up around 3:00pm est
[14:32:13] <tradermo> so far not much buying however
[14:32:15] <@wrbtrader> I'll hang around until then to see if good volatility shows up again
[15:11:38] <@wrbtrader> Long Emini TF @ 1153.90 -> small size
[15:11:49] <@wrbtrader> 3 contracts
[15:15:37] <tradermo> short nq 4068
[15:15:47] <tradermo> against calls
[15:16:34] <@wrbtrader> Exited all Emini TF Long @ 1154.80 --> + 0.9
[15:16:43] <@wrbtrader> WRB pt1 reached
[15:22:27] <tradermo> I am still on sep contract in case the prices don't make sense :)
[15:23:11] <tradermo> I hate rollovers, they messing with all my wrbs levels :(
[15:23:29] <tradermo> but for Monday I have to switch
[15:24:41] <@wrbtrader> Long Emini TF @ 1154.90 -> small size
[15:24:52] <@wrbtrader> 3 contracts
[15:32:16] <@wrbtrader> Exited all Emini TF Long @ 1155.10 --> + 0.2
[15:32:34] <@wrbtrader> I'm happy to get a Houdini Escape out of that problem trade
[15:37:33] <tradermo> stop to breakeven 4068
[15:38:08] <tradermo> exit all nq 4068
[15:44:11] <@wrbtrader> Shorts Emini TF @ 1154.00 -> small size
[15:44:17] <@wrbtrader> 2 contracts
[15:44:30] <@wrbtrader> sneaky sudden price snap back downwards
[15:45:11] <@wrbtrader> too bad my money management rules doesn't allow me to put more size on this in the late afternoon trading session
[15:47:57] <@wrbtrader> Covered all Emini TF Short @ 1154.30 --> - 0.3
[15:48:59] <@wrbtrader> Shorts Emini TF @ 1154.20 -> small size
[15:49:08] <@wrbtrader> 2 contract
[15:49:11] <@wrbtrader> re-entry
[15:49:38] <@wrbtrader> Hopefully the volatility won't start to dry up going into the 4pm est rush hour traffic price action
[15:50:11] <@wrbtrader> volatility not looking good so far since 1545pm est
[15:53:41] <@wrbtrader> Covered all Emini TF Short @ 1154.10 --> + 0.1
[15:53:56] <@wrbtrader> tight trail got pick pocketed
[15:54:23] <@wrbtrader> I thought it would push hard down below 1153.80 after it first tested it
[15:56:03] <@wrbtrader> Long Emini TF @ 1154.90 -> medium size
[15:56:27] <@wrbtrader> 4 contracts
[15:56:53] <@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.
[15:58:41] <@wrbtrader> back down inside that low volatility range
[15:59:07] <@wrbtrader> Exited all Emini TF Long @ 1154.20 --> - 0.7
[15:59:40] <@wrbtrader> Long Emini TF @ 1154.20 -> medium size
[15:59:47] <@wrbtrader> re-entry
[16:01:09] <@wrbtrader> not much here...just chopping up and down into the regular session close
[16:01:21] <@wrbtrader> small increase in volatility
[16:01:43] <@wrbtrader> In hindsight...not worth the effort :(
[16:02:22] <tradermo> everything was lined up for a big buy day
[16:02:29] <tradermo> but did not materialize
[16:02:51] <tradermo> will be interesting next week to see if we can move higher
[16:02:59] <@wrbtrader> I was expecting a big volatility day and it didn't happen
[16:03:22] <tradermo> good weekend all :)
[16:10:41] <@wrbtrader> Exited 1/2 Emini TF Long @ 1154.80 --> + 0.6
[16:14:47] <@wrbtrader> Exited Remainder Emini TF Long @ 1154.70 --> + 0.5
[16:15:06] <@wrbtrader> another tight trail pick pocketed
[16:15:55] <@wrbtrader> I think every tight trails I setup today instead of using the R and S areas of nearby WRB Zones or nearby WRB Hidden GAPs...
[16:16:16] <@wrbtrader> all those tight trails were quickly pick pocketed (taken)
[16:16:36] <@wrbtrader> Take care all, have a nice weekend and see all on Monday
Session Close: Fri Sep 12 18:10:05 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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