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 Post subject: October 1st Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Oct 01, 2014 6:52 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2588
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.

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

100114-Key-Price-Action-Markets.png [ 1.23 MiB | Viewed 73 times ]

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

Session Start: Wed Oct 01 09:10:12 2014
Session Ident: ##TheStrategyLab
[09:10:12] * Now talking in ##TheStrategyLab
[09:10:12] * 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'
[09:10:12] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:10:12] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:16:40] <@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.
[09:25:28] <jpan> gm
[09:30:32] <Cayden> gm
[09:31:04] <jpan> 36z n
[09:31:12] <jpan> 36s nq
[09:32:59] <jpan> 31 out half
[09:33:09] <Tigerman__> gm
[09:33:23] <Tigerman__> sh iwm 119.24
[09:33:35] <@wrbtrader> Shorts Emini TF @ 1094.20 -> large size
[09:34:45] <Tigerman__> exit all iwm 119.14 +10tk
[09:35:11] <jpan> 34 out
[09:35:45] <@wrbtrader> WRB pt1 reached
[09:36:04] <tradermo> long nq 4029
[09:36:07] <@wrbtrader> Covered Emini TF Short @ 1091.20 --> + 3
[09:36:15] <@wrbtrader> Holding 2 contract remainders
[09:36:15] <Tigerman__> now my target is reached but exit early because put my profit aready in platform
[09:36:29] <jpan> 28.5s
[09:38:21] <jpan> 26.75s added
[09:39:35] <jpan> 20 out half
[09:39:45] <MattyR> short tf 92.4
[09:39:45] <tradermo> exit all nq 4017
[09:39:49] <MattyR> 1 contract
[09:39:50] <jpan> 16.25 out 2
[09:39:53] <jpan> holding 1 left
[09:40:21] <MattyR> exit TF + 1.3
[09:40:25] <Tigerman__> sh iem 119.87
[09:40:28] <@wrbtrader> Covered Remainder Emini TF Short @ 1089.90 --> + 4.3
[09:40:50] <jpan> love these momomentum moves
[09:41:09] <MattyR> much easier to trade than the chop
[09:41:18] <Tigerman__> exit iwm all at 119.78 +9tk
[09:41:30] <@wrbtrader> Its choppy...but its just chopping lower
[09:41:36] <jpan> 19s
[09:41:40] <jpan> exactly
[09:41:43] <jpan> price action
[09:42:04] <jpan> huge WRB gap down
[09:42:16] <@wrbtrader> the trick is to not get "shaken out early"
[09:42:32] <jpan> yep
[09:42:36] <@wrbtrader> Shorts Emini TF @ 1090.70 -> small size
[09:42:49] <@wrbtrader> 1 contract
[09:43:07] <@wrbtrader> Yesterday I got shaken out early of 3 trades for small losses
[09:43:12] <jpan> let me add higher, i dont care
[09:43:36] <jpan> yea, gotta scale here
[09:43:48] <jpan> cause momo is quick
[09:44:10] <jpan> first bar low-1t break
[09:44:52] <MattyR> news here
[09:45:17] <jpan> nl
[09:45:20] <jpan> new low
[09:45:27] <Tigerman__> sh iwm 108.67
[09:45:28] <jpan> 14.5 out half
[09:45:39] <@wrbtrader> Covered Emini TF Short @ 1089.70 --> + 1
[09:45:47] <Tigerman__> exit all 108.63 + 5tk
[09:45:55] <Tigerman__> small size on last trades
[09:46:33] <Tigerman__> news now pmi
[09:47:16] <jpan> 12 out 1
[09:47:19] <jpan> holding 1 left
[09:47:21] <@wrbtrader> Shorts Emini TF @ 1088.90 -> medium size
[09:47:28] <@wrbtrader> 4 contracts
[09:48:02] <tradermo> long iwm 108.53
[09:48:05] <jpan> if it lets me re-add, ill add up higher but io doubt it
[09:48:07] <jpan> see
[09:48:19] <Tigerman__> sh iwm 108.56
[09:48:43] <Tigerman__> exit at 108.50 +6tk
[09:48:51] <Tigerman__> hit and run :)
[09:49:10] <Tigerman__> regardless the trend is clearly down
[09:49:10] <@wrbtrader> WRB pt1 reached
[09:49:10] <jpan> keeps on breaking
[09:49:34] <jpan> broke yday lows
[09:50:05] <@wrbtrader> Covered all Emini TF Short @ 1086.50 --> + 2.4
[09:50:07] <jpan> very bearish from day charts
[09:50:31] <@wrbtrader> that last trade was a re-entry into the obvious downtrend
[09:50:36] <MattyR> wrbHG here from 22 may 5 minute chart
[09:50:37] <jpan> cause it got longs trapped when it bearish nicked 2 day ago highs then tanked
[09:50:47] <jpan> *bearly
[09:51:50] <jpan> retrace mode
[09:52:01] <jpan> 11 all out
[09:52:03] <@wrbtrader> KMEs @ 1000am, 1030am and 1330pm est
[09:53:03] <jpan> its prob heading down to 4000 nq
[09:54:25] <jpan> 13.5s light
[09:54:47] <@wrbtrader> Gold GC futures and WTI Oil CL futures still in an uptrend but now trying to contract in volatility
[09:54:51] <jpan> tape bloody red
[09:55:33] <jpan> prob not gonna retrace much
[09:56:04] <@wrbtrader> Eurex DAX got hit heavy since 0730am est
[09:56:34] <@wrbtrader> U.S. Stocks Decline on Ukraine Tensions, Europe Economy (bloomberg) @ http://www.bloomberg.com/news/2014-10-0 ... -data.html
[09:56:52] <jpan> holding for s2
[09:57:48] <jpan> weak bounce
[09:59:46] <jpan> funny how medium size asks can bearly can move tape up 1 tick
[10:00:11] <jpan> here we go
[10:00:54] <@wrbtrader> Shorts Emini TF @ 1088.50 -> small size
[10:01:01] <@wrbtrader> 3 contracts
[10:01:26] <@wrbtrader> intuition trade via the 1000am price reaction
[10:01:49] <tradermo> exit all iwm 108.45
[10:02:04] <tradermo> now into iwm calls
[10:02:08] <jpan> 6.25 out half
[10:02:12] <@wrbtrader> tightning stop/loss
[10:02:15] <@wrbtrader> getting choppy
[10:02:23] <jpan> 6.5 out 1
[10:02:24] <jpan> 1 left
[10:04:42] <Tigerman__> sh iwm 108.37
[10:05:12] <@wrbtrader> WRB pt1 reached
[10:05:22] <jpan> 95 out
[10:05:43] <@wrbtrader> Covered all Emini TF Short @ 1084.30 --> + 4.2
[10:07:55] <@wrbtrader> I'm not willing to load up on these positions now because I just don't have that "smell of blood in the streets".
[10:08:25] <jpan> the price action does
[10:08:35] <jpan> and your WRB works well today too
[10:09:07] <Tigerman__> exit iwm at 108.30 + 7tk
[10:09:45] <jpan> 97.75s
[10:10:20] <@wrbtrader> VIX staying above 15 since Monday is extremely helpful and then today is spiked upwards at the Open
[10:11:07] <@wrbtrader> Eventually a BIG TREND day shows up whenever the VIX gets above 15...
[10:11:17] <@wrbtrader> looks like today its going to be that day
[10:11:21] <Cayden> KME 10:04 to 10:06- 2 minute ZONE on The ES at 1951.25-1946.75- Zones also made 2 minute YM and NQ. TF still laced.
[10:13:20] <@wrbtrader> Oil CL future slowly retracing now
[10:13:46] <jpan> 4000 hit
[10:15:08] <jpan> 4000.5s add light
[10:18:13] <jpan> 04s add
[10:20:27] <tradermo> short iwm 108.70
[10:20:40] <tradermo> against iwm calls - locking in some gains
[10:22:48] <tradermo> es needs to get back to 1958 to prove bulls are still there
[10:26:59] <@wrbtrader> Lots of contracting volatility now in the Emini futures
[10:27:09] <@wrbtrader> same in Gold GC futures too
[10:27:59] <jpan> breakdown continuation likely
[10:28:04] <jpan> since it has been retracing up
[10:28:26] <jpan> flag formation
[10:29:24] <@wrbtrader> Shorts Emini TF @ 1088.80 -> small size
[10:29:35] <@wrbtrader> 2 contracts
[10:30:32] <@wrbtrader> :(
[10:30:52] <@wrbtrader> looks like the fun is over
[10:31:57] <@wrbtrader> WRB pt1 (shallow) reached
[10:32:05] <tradermo> nq has not filled gap from 8/18 yet but tf quite strong
[10:32:06] <jpan> who says
[10:33:07] <@wrbtrader> Covered all Emini TF Short @ 1087.80 --> + 1
[10:33:25] <jpan> highly doubt longs gonna be able to save this, if they do, im out
[10:34:40] <@wrbtrader> Its been a long time since I've had a perfect trading day with only one trade entry error
[10:34:51] <@wrbtrader> I'm way above my profit target for the day
[10:34:53] <jpan> cuz today is easy trend day
[10:34:58] <@wrbtrader> Will call it quits early
[10:35:03] <jpan> same here, i can quit for the week lol
[10:35:10] <@wrbtrader> Take care all and see all tomorrow
[10:35:27] <jpan> peace
[10:35:33] <MattyR> goodbye
[10:35:35] <tradermo> strangely big guys not selling anymore
[10:35:41] <Tigerman__> bye wrbtrader
[10:35:46] <Bradk> cyu
[10:36:24] <jpan> 95.5 out 1
[10:36:37] <jpan> 95 out 2
[10:36:43] <jpan> holding 1 left
[10:37:08] <Cayden> enjoy the rest of the day!
[10:38:00] <jpan> 93.5 all out
[10:38:49] <jpan> going back to sleep, be back afternoon, later
[10:54:32] <Tigerman__> take care all see tomorrow
[10:55:29] <MattyR> see you bye
[10:55:36] <Cayden> L8TR
[11:46:21] <tradermo> adding to iwm short 108.77
[11:47:06] <tradermo> es has not reached 1958 although it came close
[11:48:06] <tradermo> last trade is locking in more delta from iwm calls
[12:48:24] <tradermo> exit half iwm 108.05
[12:48:47] <tradermo> nq almost filled 8/18 gap
[12:49:05] <lightenup> Short GC@ 1218.5
[12:53:46] <tradermo> nq completed gap fill to the tick
[12:55:40] <tradermo> theoretical downside still to ~1940 if we don't bounce quickly
[12:56:20] <tradermo> probably not over lunch though
[13:21:00] <tradermo> exit rem iwm 108.01
[13:21:29] <tradermo> not reached target yet, but tf showing some strength again
[13:25:02] <tradermo> so far only small guys trying to buy this dip
[13:39:26] <tradermo> smal guys sellling, scaling into some super strong equities while we move into 1940
[13:41:28] <tradermo> es 1940 - as usual reaction will be key
[13:43:15] <tradermo> scaling out of other equity shorts
[13:43:38] <lightenup> Flat GC@ 1214.8 +3.7
[13:55:37] <tradermo> unfortunately big guys not buying yet, need to wait 5min till they are back from lunch to be sure
[14:04:14] <tradermo> small guys buying dip again - big guys neutral
[14:25:30] <tradermo> big guys now buying a bit but still with hesitation - could they be late to the party ?
[14:40:39] <tradermo> short iwm 107.95
[14:41:23] <tradermo> some tf weakness, need to push price higher or it will fail
[14:44:11] <tradermo> stop 108.43
[14:44:34] <tradermo> stop to breakeven 107.95
[15:00:23] <tradermo> exit half iwm 107.73
[15:09:42] <t4n> tf low this year is 1078
[15:09:47] <tradermo> exit rem iwm 107.56
[15:47:26] <tradermo> es back above 1940
[15:47:54] <tradermo> scaled out of "superstrong stocks" - not as strong as they are supposed to be :(
[15:49:59] <tradermo> keeping iwm calls for more gamma scalping tomorrow
Session Close: Wed Oct 01 17:29:36 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 Qu├ębec, 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
Go Back To TheStrategyLab.com Homepage

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