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 Post subject: September 26th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Sep 27, 2014 4:47 pm 
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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:
092614-Key-Price-Action-Markets.png
092614-Key-Price-Action-Markets.png [ 1.27 MiB | Viewed 223 times ]

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

Session Start: Fri Sep 26 09:29:14 2014
Session Ident: ##TheStrategyLab
[09:29:14] * Now talking in ##TheStrategyLab
[09:29:14] * 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'
[09:29:14] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:29:14] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:34:29] <@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.
[09:35:47] <tradermo> short iwm 110.54
[09:36:05] <tradermo> against iwm calls
[09:41:45] <tradermo> stop to breakeven 110.54
[09:46:11] <@wrbtrader> Shorts Emini TF @ 1105.50 -> medium size
[09:48:19] <@wrbtrader> Covered all Emini TF Short @ 1106.20 --> - 0.7
[09:49:32] <@wrbtrader> Shorts Emini TF @ 1106.50 -> medium size
[09:49:57] <@wrbtrader> re-entry 4 contracts
[09:50:13] <tradermo> exit all iwm 110.54
[09:50:41] <@wrbtrader> Covered all Emini TF Short @ 1108.40 --> - 1.9
[09:50:54] <@wrbtrader> Emini TF back to the top of the range
[09:54:34] <@wrbtrader> Emini futures still range bound on low volatility
[09:56:02] <@wrbtrader> Long Emini TF @ 1109.00 -> medium size
[09:56:18] <@wrbtrader> 4 contracts
[09:58:39] <@wrbtrader> Exited all Emini TF Long @ 1108.60 --> - 0.4
[09:58:55] <@wrbtrader> 1000am est KME only created chop
[09:59:31] <@wrbtrader> Long Emini TF @ 1108.50 -> medium size
[09:59:43] <@wrbtrader> re-entry
[10:00:09] <@wrbtrader> price action still near the top of the range...still struggling
[10:01:38] <@wrbtrader> WRB pt1 reached
[10:01:54] <@wrbtrader> although moving higher...still choppy
[10:02:26] <tradermo> short iwm 110.83
[10:02:33] <tradermo> again against iwm calls
[10:03:06] <@wrbtrader> Exited all Emini TF Long @ 1111.50 --> + 3
[10:04:22] <@wrbtrader> KME first WRB Hidden GAP has formed as an UP WRB Hidden GAP via 2min chart
[10:09:20] <jpan> 22.5s nq
[10:09:34] <jpan> 26.5 stop
[10:11:44] <@wrbtrader> geeesh...Emini TF has retraced back down into the prior difficult range top
[10:12:10] <@wrbtrader> Shorts Emini TF @ 1108.00 -> medium size
[10:12:12] <jpan> 19.25 out half
[10:12:32] <@wrbtrader> 4 contracts
[10:12:56] <@wrbtrader> I'm still not willing to push in large size positions in this type of price action
[10:13:17] <@wrbtrader> I just don't like the way it opened the regular trading session
[10:14:20] <jpan> range here, they gonna prob take it to new lows
[10:14:40] <jpan> since its such a weak bounce since yday
[10:16:20] <jpan> after trapping longs up htere earlier, that would cause the max pain
[10:16:30] <jpan> but who knows lol
[10:17:12] <@wrbtrader> I've jsut lost my patience on this Short position
[10:17:25] <@wrbtrader> volatility needs to show up to prevent me from dumping this trade
[10:18:28] <jpan> there we go :)
[10:18:34] <jpan> 13.25 out 1
[10:18:37] <@wrbtrader> volatility SLOWLY increasing
[10:18:44] <jpan> holding 1 left for new lows
[10:19:20] <tradermo> tf not moving as well as hoped
[10:20:00] <@wrbtrader> Covered all Emini TF Short @ 1108.10 --> - 0.1
[10:21:25] <tradermo> stop to breakeven 110.83
[10:22:46] <jimfenster> do u judge volatility increasing by ranges on 1min getting bigger?
[10:23:04] <@wrbtrader> No specific chart interval
[10:23:26] <@wrbtrader> I mainly look at the "contracting intervals"
[10:24:34] <@wrbtrader> Long Emini TF @ 1108.90 -> medium size
[10:24:58] <@wrbtrader> 1+3 contracts
[10:25:14] <@wrbtrader> I'm just churning so far today
[10:26:04] <@wrbtrader> I need about 5 ticks on this trade to get profitable for the day
[10:26:24] <@wrbtrader> Will then take a rest to determine if I want to continue trading the remainder of the day.
[10:26:51] <jimfenster> cool
[10:27:13] <@wrbtrader> WRB pt1 reached
[10:27:20] <jpan> 20.5 out
[10:27:39] <tradermo> tf not working too great, scaling into individual shorts as we move up
[10:28:12] <jpan> guess not ready to break down yet, good thing i took a chunk out
[10:28:40] <tradermo> exit all iwm 110.83
[10:29:17] <@wrbtrader> Exited all Emini TF Long @ 1110.70 --> + 1.8
[10:29:43] <jpan> 19.5s
[10:30:02] <jpan> LH confirm
[10:30:10] <jpan> now it might be ready
[10:31:01] <jpan> medium size, so holding for new lows on this
[10:31:29] <jpan> BIG WRB down gap formed
[10:33:42] <jpan> 15.5s added
[10:35:23] <jpan> 24.5 stop
[10:39:12] <jpan> 17 out half, not looking great
[10:40:38] <jpan> 22.5 stop
[10:43:25] <jpan> 13 out 1, 1 left
[10:43:37] <jpan> nervous around here support
[10:46:52] <jpan> 4000 target
[10:48:22] <jpan> or bust, lol jk, stop lowered to 16.5
[10:59:24] <jpan> 15.75 stop
[10:59:26] <jpan> out
[10:59:43] <jpan> ugly PA
[11:00:15] <jpan> still wouldnt be surprised at new lows by end of day
[11:05:01] <jpan> 19s
[11:06:07] <jpan> 18 out
[11:06:29] <jpan> careful at the UP WRB zone
[11:08:33] <jpan> might goto PP pivot, wash out the seller's stops, get amateur buyers, take out stops with 2b formation then break it down
[11:10:48] <jpan> 18.5l light
[11:11:40] <jpan> 15.25 stop
[11:12:21] <jpan> 23 tgt
[13:14:12] <tradermo> short iwm 110.58
[13:22:34] <tradermo> adding to iwm short 110.60
[13:34:33] <tradermo> stop to 110.65
[14:00:35] <tradermo> stop to 110.84
[14:07:33] <tradermo> es needs to reach at least 1973 to show that bulls are still alive
[14:17:22] <tradermo> exit all iwm 110.84
[14:17:36] <tradermo> es 1973 passed
[14:18:37] <jimfenster> wow
[14:18:44] <jimfenster> what a rally
[14:19:55] <jimfenster> this is a massive buying program
[14:20:03] <jimfenster> huge voume
[14:40:19] <@wrbtrader> Long Emini TF @ 1114.80 -> medium size
[14:45:02] <@wrbtrader> Long Emini TF @ 1114.10 -> Add
[14:47:29] <@wrbtrader> Exited 1/2 Emini TF Long @ 1114.30 --> + 0.2
[14:47:59] <@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
[14:50:49] <@wrbtrader> Exited Remainder Emini TF Long @ 1114.50 --> - 0.3
[14:51:58] <@wrbtrader> The initial 1/2 scale out was a trail stop adjustment error and it instantly got taken
[14:52:07] <@wrbtrader> Essentially killing my entire trade
[14:57:25] <@wrbtrader> Emini TF struggling at the near the mid-point of the most recent Up WRB Hidden GAP
[14:58:41] <tradermo> looking at number of wrb hgs on the way up tf seems to be still the weakest
[15:02:40] <@wrbtrader> Emini futures stuck inside the range of their most recent Up WRB Hidden GAP interval on very low volatility
[15:02:40] <tradermo> iwm puts surprisingly cheap - i doubt that price in liquidation risk correctly
[15:12:55] <tradermo> in 110.5 iwm weekly puts now for 1c
[15:13:25] <tradermo> trying to get out of calls on the way up
[15:14:19] <tradermo> normally not a good trade to buy cheap otm options before expiration, but we have a rare situation here
[15:15:00] <tradermo> low probability trade, but low risk
[15:17:37] <tradermo> unfortunately only small guys selling so far
[15:18:02] <@wrbtrader> Shorts Emini TF @ 1112.60 -> small size
[15:18:20] <@wrbtrader> 1 contract
[15:18:58] <@wrbtrader> Emini TF price action near that S area of a most recent Up WRB Hidden GAP interval
[15:19:04] <@wrbtrader> on very low volatility
[15:19:14] <tradermo> options now at 2/3 cents but will hold
[15:19:29] <@wrbtrader> reason why I only went 1 contract just in case buyers showed up
[15:19:58] <tradermo> big guys not selling yet
[15:20:10] <@wrbtrader> I'm also running out of time...got an appointment I need to leave soon
[15:20:54] <@wrbtrader> Covered Emini TF Short @ 1112.90 --> - 0.3
[15:21:13] <@wrbtrader> Take care all, have a nice weekend and see all on Monday
[15:21:27] <tradermo> good weekend too
[15:21:51] <lightenup> good weekend also
[15:34:25] <tradermo> long nq 4042
[15:51:30] <tradermo> stop to breakeven 4042
[15:52:42] <tradermo> exit all nq 4045
[15:55:50] <tradermo> exiting options at 1c breakeven
[15:57:20] <tradermo> also trying to sell iwm calls into this spike
[15:59:09] <tradermo> ok, done for today, good weekend all
Session Close: Fri Sep 26 17:08:44 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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