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 Post subject: September 24th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Sep 27, 2014 4:06 pm 
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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:
092414-Key-Price-Action-Markets.png
092414-Key-Price-Action-Markets.png [ 1.2 MiB | Viewed 303 times ]

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

Session Start: Wed Sep 24 09:23:07 2014
Session Ident: ##TheStrategyLab
[09:23:07] * Now talking in ##TheStrategyLab
[09:23:07] * 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'
[09:23:07] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:23:07] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:36:35] <tradermo> short iwm 111.45
[09:41:41] <tradermo> stop to breakeven 111.45
[09:42:07] <jpan> 52.5l nq
[09:43:42] <wrbtrader> Shorts Emini TF @ 1115.20 -> large size
[09:45:30] <jpan> 49 out
[09:45:36] <tradermo> exit half iwm 111.04
[09:45:52] <wrbtrader> Covered 2/3 Emini TF Short @ 1113.00 --> + 2.2
[09:46:02] <wrbtrader> Holding 2 contract remainders
[09:46:12] <wrbtrader> WRB pt1 reached
[09:47:10] <wrbtrader> Covered Emini TF Short @ 1112.10 --> + 3.1
[09:47:13] <wrbtrader> Holding 1 contract remainder
[09:47:55] <tradermo> exit rem iwm 1110.93
[09:49:13] <jpan> 43.25s
[09:49:38] <jpan> huge WRB gap zone on 2min
[09:49:49] <jpan> nq
[09:49:50] <MattyR> went short 1 dax at 9599 while i was disconnected
[09:50:16] <MattyR> covered at 9594 .. +10 t
[09:53:51] <jpan> 47s add
[09:56:42] <jpan> 51 stop
[09:59:38] <MattyR> news 1 minute
[10:00:41] <wrbtrader> Covered Remainder Emini TF Short @ 1114.90 --> + 0.3
[10:01:04] <wrbtrader> Shorts Emini TF @ 1113.60 -> medium size
[10:01:12] <jpan> 42 out half
[10:01:21] <wrbtrader> Pick pocketed on that remainder
[10:02:33] <wrbtrader> Covered all Emini TF Short @ 1113.70 --> - 0.1
[10:02:57] <MattyR> dhort dax 99.5
[10:03:34] <MattyR> covered + 4 t
[10:03:44] <MattyR> covered to soon
[10:03:44] <wrbtrader> Shorts Emini TF @ 1112.90 -> medium size
[10:03:54] <wrbtrader> re-entry 4 contracts
[10:04:20] <wrbtrader> TF doing a lot of work to shake traders out of their positions before dropping
[10:04:51] <MattyR> so much chop in the tf
[10:05:31] <jpan> 46.25s add
[10:06:14] <wrbtrader> Covered all Emini TF Short @ 1112.70 --> + 0.2
[10:06:18] <wrbtrader> :(
[10:06:46] <wrbtrader> Killer chop
[10:07:15] <wrbtrader> Shorts Emini TF @ 1112.90 -> medium size
[10:07:22] <wrbtrader> trying again
[10:07:26] <wrbtrader> 4 contracts
[10:07:37] <wrbtrader> geeeesh
[10:08:03] <wrbtrader> WRB pt1 reached
[10:08:16] <wrbtrader> Covered all Emini TF Short @ 1110.70 --> + 2.2
[10:08:23] <wrbtrader> early exit
[10:08:49] <MattyR> short dax 9603
[10:08:53] <wrbtrader> If it wasn't for the crazy chop...I would have stayed in this traded longer for a possible WRB pt2
[10:09:53] <MattyR> covered dax 9598 ... +10t
[10:10:51] <jpan> 39.5 out 1
[10:10:57] <jpan> hoding 1 left
[10:12:37] <jpan> 36.25 all out
[10:15:32] <jpan> 41.5s light
[10:17:49] <jpan> 40s add
[10:18:17] <jpan> added
[10:19:54] <wrbtrader> Shorts Emini TF @ 1110.80 -> small size
[10:21:19] <wrbtrader> Covered 2/3 Emini TF Short @ 1109.40 --> + 1.4
[10:21:22] <wrbtrader> Holding 1 contract remainder
[10:21:33] <jpan> 33.5 out half
[10:21:38] <wrbtrader> WRB pt1 reached
[10:23:54] <jpan> 43 stop ot 31 tgt set, bathroom break
[10:23:59] <wrbtrader> Covered Remainder Emini TF Short @ 1110.00 --> + 0.8
[10:41:11] <jimfenster> rallying through multiple zones
[11:11:14] <wrbtrader> Long Emini TF @ 1118.40 -> small size
[11:11:22] <wrbtrader> 2 contracts
[11:14:18] <wrbtrader> I missed the bounce upwards after 1025am est because I had to finish doing some personal work
[11:14:51] <wrbtrader> nice retracement...retraced the earlier down movement
[11:15:30] <tradermo> short iwm 111.61
[11:15:57] <tradermo> stop 112.13
[11:17:36] <wrbtrader> Exited all Emini TF Long @ 1118.50 --> + 0.1
[11:18:36] <wrbtrader> I thought that was a safe trail after the price action moved above 1119.00
[11:20:22] <tradermo> as yesterday es 1983 is needed for bulls
[11:25:27] <wrbtrader> Long Emini TF @ 1119.20 -> small size
[11:25:32] <tradermo> es 1983 - now need to we if we can hold that level
[11:25:34] <wrbtrader> 1 contract
[11:26:24] <wrbtrader> trade error...I thought I had a WRB Zone for that trade signal...there's no Zone
[11:26:37] <wrbtrader> Exited Emini TF Long @ 1119.40 --> + 0.2
[11:29:08] <tradermo> tf quite weak, staying short instead of bullish es
[11:44:51] <tradermo> long nq 4072
[11:45:29] <tradermo> stop 4060
[11:46:06] <tradermo> es holding 1984 level quite well
[11:59:15] <tradermo> stop to breakeven 4072
[12:07:03] <tradermo> exit all nq 4072
[12:11:01] <tradermo> long ym 17060
[12:11:37] <tradermo> stop 17024
[12:12:17] <tradermo> nq was the wrong horse, ym should be better, keeping iwm short due to relative weakness
[12:54:06] <tradermo> iwm stop to breakeven 111.61
[12:54:48] <tradermo> exit half iwm 111.37
[13:15:04] <tradermo> moving iwm stop back to 112.13
[13:15:20] <tradermo> for remaining
[13:15:58] <tradermo> there is a struggle between tf and the other eminis
[13:19:02] <tradermo> instead of taking profits on ym i am scaling into some low risk equity shorts as we move up
[13:33:07] <tradermo> adding to iwm 111.61
[13:33:32] <tradermo> back to original position
[13:34:04] <tradermo> to lock in some ym profits
[13:35:35] <tradermo> tf still not in bullish territory
[13:54:44] <tradermo> adding more equity shorts to lock in ym gains
[13:56:03] <tradermo> energy particularly interesting today
[13:58:49] <tradermo> hoping for some eod liquidation move against the trend if we don't get to es 1990
[14:27:30] <tradermo> exit all ym 17103
[14:29:12] <tradermo> not a great exit :(
[14:41:46] <tradermo> reaction at es 1990 is now key
[14:50:39] <wrbtrader> Long Emini TF @ 1121.70 -> small size
[14:50:57] <wrbtrader> 1 contract
[14:54:06] <tradermo> tf just a few ticks below bullish territory
[14:54:23] <tradermo> last chance for bears to push it down
[14:57:06] <wrbtrader> Exited Emini TF Long @ 1122.40 --> + 0.7
[14:57:26] <wrbtrader> Take care all and see all tomorrow
[15:03:30] <tradermo> es holding quite well here, reduced chances of liquidation move, keeping iwm stop at 112.13
[15:04:18] <jpan> 83long nq
[15:08:06] <jpan> buig buyers on tape
[15:08:14] <jpan> cant take this down
[15:08:18] <jpan> yet
[15:08:59] <tradermo> hm, on my tape the big guys are sleeping :)
[15:09:32] <tradermo> but they should wake up soon
[15:09:42] <jpan> 85.25 out half
[15:11:02] <jpan> 86.25 all out
[15:11:22] <lightenup> Sell Dow @ 17149
[15:12:01] <jpan> almsot got the very tick
[15:12:20] <tradermo> currently big buyers and sellers balanced
[15:12:50] <lightenup> Flat Dow @ 17144 +5
[15:12:51] <tradermo> small guys getting wet feet
[15:13:55] <tradermo> unfortunately i am in boat with the small guys, usually not good
[15:14:12] <jpan> that was a quick selloff after i exited
[15:14:39] <jpan> but prob going or trying for anotehr high
[15:14:47] <jpan> before breaking down,
[15:15:05] <tradermo> yes, all in bullish territory -> higher
[15:15:45] <jpan> i have to see equal highs at least or 2b with volume before i take a short on top
[15:16:25] <jpan> hoepfully that will turn into a WRB short zone
[15:19:07] <tradermo> small guys really still scared
[15:19:21] <tradermo> big guys still neutral
[15:19:27] <jimfenster> incredible how its a slow perfect grind on spy
[15:22:05] <jpan> 86.75s light
[15:22:56] <jimfenster> short iwm 112
[15:22:57] <jpan> 85.75s stop waiting
[15:26:32] <jpan> 89 stop
[15:28:14] <jimfenster> oh well
[15:28:17] <jimfenster> out 112.10
[15:28:26] <jpan> @ r3
[15:28:53] <jpan> overextended but o well
[15:29:17] <jpan> it can goto r8 if it wants to lol
[15:29:26] <jimfenster> if thats what yellen wants
[15:30:22] <tradermo> big buyers not very interested so far
[15:33:08] <jpan> 86.75s stop waiting
[15:33:17] <jpan> has to prove it to me now
[15:34:06] <jpan> filled
[15:37:19] <jimfenster> unreal
[15:42:16] <jpan> 86 out, dont liek this PA
[15:42:36] <jpan> no momentum
[15:44:04] <tradermo> strangely small and big guys selling now
[15:44:42] <tradermo> small guys very nervous
[15:45:01] <tradermo> but price not moving much
[15:45:49] <jpan> noew they come in =P
[15:47:44] <tradermo> exit all iwm 111.87
[15:49:02] <jpan> 86s light
[15:50:40] <jpan> 87.25 out
Session Close: Wed Sep 24 19:19:41 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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