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 Post subject: October 7th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Oct 10, 2014 12:20 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2484
Location: Canada
Price Action Trading (no technical indicators)
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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:
100714-Key-Price-Action-Markets.png
100714-Key-Price-Action-Markets.png [ 1.51 MiB | Viewed 58 times ]

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

Session Start: Tue Oct 07 09:28:47 2014
Session Ident: ##TheStrategyLab
[09:28:47] * Now talking in ##TheStrategyLab
[09:28:47] * 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'
[09:28:47] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:28:48] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:32:30] <Tigerman__> sh iwm 109.93
[09:32:55] <jpan> 82.5s
[09:32:59] <wrbtrader> Shorts Emini TF @ 1081.20 -> large size
[09:33:08] <Tigerman__> exit all iwm @ 109.83 +10 tk
[09:33:21] <wrbtrader> Shorts Emini TF @ 1081.30 -> Add
[09:33:28] <Tigerman__> intuition on incersae vola
[09:34:07] <Tigerman__> sh iwm 75
[09:34:27] <Tigerman__> exit all iwm @ 109.72 +3tk
[09:34:35] <jpan> 76 out half
[09:34:40] <Tigerman__> trend seems down
[09:35:21] <jpan> def down
[09:36:05] <jpan> plus WRB down HD overnight
[09:36:08] <wrbtrader> Covered 1/2 Emini TF Short @ 1079.90 --> + 1.4
[09:36:30] <wrbtrader> WRB pt1 (shallow) reached
[09:37:30] <jpan> large size coming in
[09:37:34] <Tigerman__> sh iwm 109.65
[09:37:48] <jpan> below bids
[09:38:35] <jpan> buyers too =P oh well
[09:38:49] <jpan> 80.5 out
[09:39:27] <wrbtrader> Covered Remainder Emini TF Short @ 1080.30 --> + 0.9
[09:40:45] <wrbtrader> I loaded up on that trade but didn't get the results (WRB pt2) that I wanted
[09:40:56] <Tigerman__> exit iwm @ 109.8 -15 tk
[09:41:01] <jpan> wrb up HD
[09:41:01] <Tigerman__> small size
[09:41:28] <Tigerman__> big volatility before open today
[09:41:35] <Tigerman__> Dax mov ed a lot
[09:43:07] <Tigerman__> sh iwm 109.88
[09:43:33] <Tigerman__> 107.88 correct
[09:44:31] <wrbtrader> Shorts Emini TF @ 1080.30 -> medium size
[09:44:36] <Tigerman__> exit 1/2 107.72 +16 tk
[09:44:43] <wrbtrader> 4 contracts
[09:45:22] <jpan> 79.75s
[09:45:40] <wrbtrader> slow reaction (late entry) for me to get into that trade...I got caught watching Gold GC futures when Emini TF rolled back over southward again
[09:45:40] <jpan> sellers coming back
[09:46:08] <tradermo> long nq 3974
[09:46:12] <wrbtrader> WRB pt1 reached
[09:46:47] <tradermo> stop to breakeven 3974
[09:49:05] <wrbtrader> Covered all Emini TF Short @ 1080.00 --> + 0.3
[09:49:13] <wrbtrader> :(
[09:51:04] <jpan> 76.5s added
[09:51:05] <wrbtrader> KME @ 1000am, 1320pm and 1500pm est
[09:51:13] <Tigerman__> exit all rem iwm @ 107.68 +20 tk
[09:51:35] <Tigerman__> wanna exit @ 58 left 10 tk on table
[09:51:59] <Tigerman__> also I have some issue with charts
[09:52:11] <Tigerman__> one vendor is slower vs broker
[09:52:26] <jpan> 83 stop
[09:52:28] <tradermo> exit all nq 3980
[09:52:51] <tradermo> a bit too weak for me
[09:54:36] <jpan> 81.5 stop now
[09:55:23] <jpan> 70.75 tgt 1
[09:59:28] <Tigerman__> now charts is ok I easy up my load on Cpu
[09:59:57] <jpan> 79.75 all out
[10:04:30] <jpan> 84l
[10:04:35] <jpan> light
[10:06:02] <jpan> 72 out
[10:06:06] <jpan> 82 out
[10:06:55] <jpan> prob works now =(
[10:07:11] <wrbtrader> Just in case you folks didn't notice...
[10:07:22] <wrbtrader> We are in the midst of that "strange funky chop"
[10:07:52] <MattyR> long TF 83.6
[10:07:57] <wrbtrader> I'm immediately lowering my position size to better manage the risk in this type of chopping price action
[10:08:05] <MattyR> 1 lot
[10:08:56] <wrbtrader> Shorts Emini TF @ 1084.30 -> small size
[10:09:04] <wrbtrader> 2 contracts
[10:09:19] <MattyR> flat TF +0.2
[10:09:30] <MattyR> :(
[10:09:58] <wrbtrader> Covered all Emini TF Short @ 1085.00 --> - 0.7
[10:10:33] <jpan> 88.5s
[10:12:04] <jkarn> jpan, what instrument are you trading?
[10:12:54] <wrbtrader> Shorts Emini TF @ 1085.60 -> small size
[10:13:02] <wrbtrader> 2 contracts
[10:13:04] <wrbtrader> re-entry
[10:13:09] <jpan> nq
[10:14:22] <jkarn> ok, thanks.
[10:14:26] <jpan> 81.5 tgt
[10:16:32] <jpan> 84.75 out
[10:17:02] <wrbtrader> Covered all Emini TF Short @ 1084.30 --> + 1.3
[10:23:09] <wrbtrader> Emini futures volatility slowly declining...
[10:23:17] <wrbtrader> I'm now expecting a volatility spike here soon
[10:23:37] <jpan> if it can fail here, im gonna reshort
[10:26:49] <jpan> trying to go up
[10:27:21] <jpan> 83.5s stop waiting
[10:28:19] <jpan> 88s light
[10:28:27] <jpan> 91 stop
[10:32:26] <Cayden> TF peaking above yes lows
[10:45:44] <tradermo> short nq 3999
[10:47:56] <tradermo> stop to breakeven 3999
[10:48:20] <tradermo> back later
[10:54:23] <Tigerman__> sh iwm 108.25
[10:54:28] <Tigerman__> intuition
[10:58:49] <Tigerman__> exit all iwm 107.95 +30tk
[11:02:19] <Tigerman__> sh iwm 107.88
[11:02:38] <wrbtrader> Shorts Emini TF @ 1081.20 -> small size
[11:02:39] <Tigerman__> not realize a previous entry
[11:04:54] <Tigerman__> exit 1/2 107.76 +12 tk
[11:05:24] <wrbtrader> Covered all Emini TF Short @ 1080.90 --> + 0.3
[11:06:20] <tradermo> exit all nq 3981
[11:06:38] <tradermo> a bit early, back later
[11:07:01] <wrbtrader> that strange chop just won't go away :(
[11:08:20] <Tigerman__> exit all remaind iwm @ 107.81 +9tk
[11:12:42] <jpan> 84.5s
[11:14:40] <jpan> 81 out small
[11:17:52] <jpan> 76.25 out half
[11:18:45] <jpan> 76 out 1
[11:18:47] <jpan> 1 lefg
[11:20:08] <jpan> 81.5 stop
[11:22:15] <jpan> out
[11:22:27] <jpan> still choppy overall
[11:22:39] <jpan> wont go up, wont go down momentum
[11:25:13] <wrbtrader> Shorts Emini TF @ 1081.20 -> small size
[11:25:22] <wrbtrader> 2 contracts
[11:26:08] <@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.
[11:28:59] <@wrbtrader> Emini TF futures bouncing around inside the range of its most recent Up WRB Hidden GAP interval 1min chart
[11:29:25] <@wrbtrader> now near the R area of that WRB Hidden GAP interval
[11:30:17] <@wrbtrader> Shorts Emini TF @ 1081.60 -> Add
[11:30:28] <@wrbtrader> 2 added
[11:31:24] <@wrbtrader> Covered 1/2 Emini TF Short @ 1081.40 --> + 0.2
[11:31:40] <@wrbtrader> shoul'uv dumped it all
[11:35:04] <jpan> mini db on nq chart, not shorting unles s it shows weakness
[11:35:15] <@wrbtrader> Covered Remainder Emini TF Short @ 1081.70 --> - 0.5
[11:35:22] <@wrbtrader> :(
[11:35:43] <@wrbtrader> too many consecutive intervals getting smaller and with higher lows
[11:36:13] <@wrbtrader> will try again is volatility starts to increase
[11:36:55] <@wrbtrader> Shorts Emini TF @ 1081.20 -> medium size
[11:37:07] <@wrbtrader> 1+3 contracts
[11:37:30] <jpan> 75.5s
[11:38:22] <@wrbtrader> :(
[11:38:30] <@wrbtrader> Its trying to snap back upwards
[11:38:49] <jpan> 80 stop
[11:41:41] <jpan> lame im done
[11:44:40] <@wrbtrader> Covered all Emini TF Short @ 1083.20 --> - 2
[11:45:31] <@wrbtrader> S area retest of the most recent Down WRB Hidden GAP...approximately 2 points above my entry
[11:45:35] <@wrbtrader> :(
[11:49:21] <Cayden> 1083.4 is the S area you speak of wrbtrader? im pretty sure i see it
[11:49:28] <@wrbtrader> Top of the range on that breakout @ 1082.80
[11:49:41] <@wrbtrader> Cayden...Yes
[11:52:49] <Cayden> thanks- 1 minute time frames...yikes ...makes me think at a speed i cant...for now.
[11:54:03] <@wrbtrader> You can stil see a similar like Down WRB hidden GAP interval on higher intervals like 2min, 3min and 5min
[11:54:38] <@wrbtrader> Price actions like that puts more importance on those types of WRB Hidden GAP intervals
[11:55:03] <@wrbtrader> Price action now a breakout above the R area of that Down WRB Hidden GAP interval
[11:55:28] <@wrbtrader> lets see if it can hold
[11:55:44] <@wrbtrader> Long Emini TF @ 1085.30 -> medium size
[11:55:52] <@wrbtrader> 4 contracts
[11:56:15] <Cayden> BO above 1085 yep. i c it
[11:56:37] <@wrbtrader> Its struggling alot now
[11:59:40] <@wrbtrader> Emini TF futures volatility declining now within the RANGE of that Down WRB Hidden GAP interval
[12:00:14] <@wrbtrader> Thus, it will take a volatility spike to push it lower to the S area or higher to the R area
[12:00:34] <@wrbtrader> I expect it to chop back n forth inside the RANGE until the volatility shows up
[12:01:31] <Cayden> so far...staying above mid point of recent up wrbhg
[12:02:13] <@wrbtrader> I need to call it quits early today...
[12:02:20] <Cayden> whaich just so happens to = mid point of recnt down wrbhg
[12:02:50] <@wrbtrader> Thus, I need to be careful with the little profits I have remaining today because I won't get a chance to make it back later in the trading session if I lose it
[12:03:40] <Cayden> copy that- thanks for all the informtive diolog on the other chat...
[12:04:12] <@wrbtrader> Exited all Emini TF Long @ 1084.70 --> - 0.6
[12:04:37] <@wrbtrader> That wasn't a proper trail stop...
[12:04:54] <@wrbtrader> It was placed at a price that still leaves me profitable for the day
[12:05:57] <@wrbtrader> Also, price action now just ranging (stuck) inside the range of the Down WRB Hidden GAP interval even thoug its now a "filled" range
[12:06:25] <@wrbtrader> In contrast, price action rangeing inside the RANGE of the most recent Up WRB Hidden GAP interval
[12:06:35] <@wrbtrader> That range is still open
[12:06:46] <@wrbtrader> unfilled
[12:07:07] <@wrbtrader> Long Emini TF @ 1085.10 -> medium size
[12:07:15] <@wrbtrader> 4 contracs
[12:07:18] <@wrbtrader> re-entry
[12:08:27] <@wrbtrader> R area of the most recent Up WRB HG @ 1084.70
[12:08:34] <@wrbtrader> a good stop/loss placement
[12:08:39] <@wrbtrader> nevermind
[12:08:48] <@wrbtrader> time to trail...its moving higher
[12:08:59] <Cayden> there ya go!!!looks like you have a nice finish
[12:10:29] <@wrbtrader> WRB pt1 reached via getting back above the R area of that earlier discussed Down WRB Hidden GAP interval
[12:13:08] <@wrbtrader> Exited all Emini TF Long @ 1086.40 --> + 1.3
[12:13:59] <@wrbtrader> That sucks...the way it was moving on increasing volatility...I thought that would be a safe location for a trail @ 1086.40
[12:14:54] <Cayden> o think the IWM HOD made her pause there
[12:16:13] <@wrbtrader> The reason why those types of trail stop hits are bad is because if I get a re-entry signal...its usually at a higher price than my exit price :(
[12:18:36] <@wrbtrader> Long Emini TF @ 1086.90 -> medium size
[12:18:52] <@wrbtrader> 4 contracts
[12:18:54] <@wrbtrader> re-entry
[12:19:02] <Cayden> you mean 86.20? was that the re - entry consideration?
[12:19:22] <@wrbtrader> no
[12:19:56] <@wrbtrader> re-entry consideration is now
[12:20:23] <@wrbtrader> Nothing showed up for me to consider a re-entry below 1086.40
[12:20:25] <Cayden> oh yeah
[12:20:59] <@wrbtrader> usually happens like that when price action in an obvious trend or strong continuation price action
[12:22:51] <@wrbtrader> Exited all Emini TF Long @ 1086.20 --> - 0.7
[12:23:11] <@wrbtrader> Entries were higher in comparison to prior entries...
[12:23:24] <@wrbtrader> Exits lower in comparison to prior exit
[12:23:35] <@wrbtrader> rollover symptom
[12:25:17] <@wrbtrader> Back near that same tough price areaon area between 1086.20 - 1086.50
[12:26:19] <Cayden> todays market personality does not suit my understanding today. time for a walk. L8TR
[12:26:26] <@wrbtrader> If price pushes blow it...it snaps back up
[12:26:42] <@wrbtrader> If price pushes above it...it snaps back down to it
[12:27:15] <Cayden> yep- C1 gets the hammer
[12:28:56] <@wrbtrader> Russell volatility index also just ranging on low volatility now
[12:30:19] <@wrbtrader> Long Emini TF @ 1087.20 -> medium size
[12:30:24] <@wrbtrader> 4 contracts
[12:30:28] <@wrbtrader> re-entry again
[12:31:22] <@wrbtrader> re-entry signal showed up again as a higher entry price in comparison to the prior re-entry trade
[12:33:37] <@wrbtrader> Exited all Emini TF Long @ 1086.10 --> - 1.1
[12:34:25] <@wrbtrader> Shorts Emini TF @ 1085.20 -> large size
[12:34:40] <@wrbtrader> rolloever showing up now
[12:34:52] <@wrbtrader> meant rolloever
[12:35:38] <@wrbtrader> It has slowly increasing volatility but its too close to an earlier prior tough low volatility range area
[12:35:57] <@wrbtrader> in reference to 1084.30 price area
[12:36:34] <@wrbtrader> :(
[12:37:44] <@wrbtrader> Covered all Emini TF Short @ 1085.00 --> + 0.2
[12:40:38] <@wrbtrader> Shorts Emini TF @ 1084.20 -> medium size
[12:40:51] <@wrbtrader> 4 contracts
[12:41:49] * TradeSnake______ is now known as TradeSnake
[12:41:53] * TradeSnake is now known as TradeSnake______
[12:47:09] <@wrbtrader> A lot of RANGE price actions today in Oil CL futures and Gold GC futures...
[12:47:18] <@wrbtrader> Usually not good for the overall markets
[12:48:19] <@wrbtrader> WRB pt1 reached
[12:49:11] <Tigerman__> take care see next time
[12:50:51] <@wrbtrader> Covered all Emini TF Short @ 1083.20 --> + 1
[12:51:56] <@wrbtrader> I only get a few more tries at this before 3:00pm est
[12:52:08] <@wrbtrader> be back later...lunch break
[13:26:42] <jpan> 82s
[13:27:18] <tradermo> short iwm 108.03
[13:28:11] <tradermo> stop 108.41
[13:29:10] <tradermo> selling against small guys here
[13:29:47] <jpan> some big sellers on tape
[13:30:01] <jpan> over resistances
[13:30:03] <tradermo> always helps
[13:33:35] <tradermo> stop to breakeven 108.03
[13:34:05] <tradermo> it is also a bit suspicious that es has not fully closed its gap at 1938
[13:34:41] <jpan> closing gaps are nto always reliable
[13:34:50] <jpan> well bothing is actually lol
[13:34:52] <jpan> nothing
[13:35:07] <tradermo> unfortunately nothing is reliable :(
[13:35:16] <tradermo> that makes it more interesting :)
[13:35:18] <jpan> except stops
[13:35:22] <jpan> lol
[13:35:52] <jpan> i think this will break new lows
[13:36:08] <jpan> reversal off Triple bottom, more u test, mroe it should break
[13:36:34] <jpan> but thats not reliable either, so well see
[13:39:00] <tradermo> hoping for as 1936 but i might be asking for to much for today
[13:39:09] <jpan> breaking down ali;l
[13:39:10] <tradermo> es 1936 i mean
[13:39:32] <jpan> new low target 70
[13:39:36] <tradermo> exit alf iwm 107.82
[13:39:45] <tradermo> half
[13:48:34] <jpan> 80.5 out half
[13:48:44] <jpan> retarded PA
[13:48:51] <jpan> scaring lnogs and shorts out
[13:51:04] <jpan> bulls weakening
[13:51:23] <jpan> if bears dont step in, its not going to new lows
[13:52:51] <tradermo> scaling into some countertrending equities as well
[13:56:35] <jpan> 80.75s add
[14:12:54] <jpan> 82 out
[14:19:04] <jpan> 77s stop waiting
[14:19:20] <jpan> has to breakout assym triangle to prove my right
[14:23:00] <jpan> filled
[14:23:11] <tradermo> exit rem iwm 108.73
[14:24:19] <jpan> holding new lows now
[14:25:58] <jpan> 73.5 out half
[14:27:23] <jpan> news low lol
[14:27:33] <jpan> 72.25 out 1
[14:27:34] <jpan> 1 left
[14:27:56] <jpan> WRB HD down
[14:28:09] <jpan> *HG
[14:29:52] <tradermo> scaling out of equity shorts here
[14:30:23] <jpan> holding 1 left for 3950 tgt if possible
[14:31:02] <tradermo> es 1938 out of all shorts
[14:31:27] <jpan> beautiful
[14:31:33] <jpan> keep tanking
[14:32:38] <tradermo> 1936 possible, but then i hope we reverse
[14:32:50] <@wrbtrader> Shorts Emini TF @ 1078.20 -> large size
[14:32:53] <jpan> newbs probably longing this, adding fuel to the fire lol
[14:33:22] <jpan> thinking of adding shorts, but dont wanna overextend my stop
[14:33:27] <@wrbtrader> 4+2 contracts
[14:33:44] <@wrbtrader> I'm not going to hang around too long in this Short position
[14:34:03] <jpan> at s2
[14:34:13] <jpan> might bounce here
[14:35:45] <@wrbtrader> it was bouncing before I enter but I tried to take advantage of the increasing volatility on that attempt to find support
[14:36:56] <@wrbtrader> Covered all Emini TF Short @ 1078.90 --> - 0.7
[14:36:59] <jpan> 68.75 out, im happy with this
[14:37:37] <@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.
[14:38:32] <jpan> WRB gives me more confidence to stay in the trade longer whereas normally id be more inclined to take profits quicker
[14:39:34] <@wrbtrader> Shorts Emini TF @ 1078.60 -> large size
[14:39:49] <@wrbtrader> 3+1+2 contracts
[14:40:16] <@wrbtrader> Another R area battle at a most recent Down WRB Hidden GAP interval
[14:40:34] <jpan> on what minute chart wrbtrader?
[14:40:58] <@wrbtrader> 1min chart
[14:41:19] <jpan> ah i see it
[14:41:28] <@wrbtrader> Covered all Emini TF Short @ 1078.50 --> + 0.1
[14:41:42] <@wrbtrader> now bouncing off the S area of the same WRB Hidden GAP interva
[14:41:59] <jpan> filled that gap
[14:41:59] <@wrbtrader> back above the R area
[14:42:19] <jpan> creating a possible WRB HG gap on your 1min TF
[14:42:35] <jpan> up gap
[14:42:39] <@wrbtrader> 1079.20 R area
[14:43:52] <@wrbtrader> Shorts Emini TF @ 1079.20 -> large size
[14:44:00] <@wrbtrader> re-entry
[14:44:58] <@wrbtrader> :(
[14:45:27] <jpan> 1079.0 short stop TF
[14:45:35] <jpan> sim only
[14:45:49] <jpan> 1079.6 out
[14:46:33] <jpan> pops alot faster than NQ =P
[14:47:09] <@wrbtrader> higher lows after retesting that R area
[14:47:16] <@wrbtrader> on contracting volatility
[14:49:02] <@wrbtrader> Covered all Emini TF Short @ 1079.20 --> 0
[14:49:07] <@wrbtrader> punks
[14:49:15] <@wrbtrader> will try again if volatility shows up
[14:49:55] <jpan> def weak
[14:50:04] <jpan> 1079.2s sim
[14:50:22] <@wrbtrader> Shorts Emini TF @ 1079.00 -> large size
[14:50:41] <@wrbtrader> 3+3 contracts but not the entry I really wanted
[14:50:57] <@wrbtrader> I'm 2 ticks too slow to get back in
[14:51:29] <@wrbtrader> and the volatility has barely moved...not the type of increase I was looking for
[14:52:14] <jpan> 70s nq
[14:52:17] <jpan> light
[14:54:13] <jpan> 67 out 1
[14:57:52] <jpan> 67.5 all out
[14:58:08] <jpan> bear flag
[14:58:15] <@wrbtrader> WRB pt1 reached "again" but the goal of this trade is a WRB pt2...not looking good for such especially with the limited time I have left for trading
[14:58:59] <Cayden> KME in one minute
[15:00:47] <jpan> force is strong down
[15:00:59] <@wrbtrader> Covered 2/3 Emini TF Short @ 1077.20 --> + 1.8
[15:01:02] <@wrbtrader> WRB pt2 reached
[15:02:02] <jpan> 65.5s
[15:02:08] <jpan> light
[15:02:21] <jpan> 68 out
[15:02:26] <@wrbtrader> Covered Remainder Emini TF Short @ 1078.00 --> + 1
[15:02:31] <@wrbtrader> :(
[15:02:34] <@wrbtrader> geeesh
[15:02:49] <@wrbtrader> I was hoping that KME was good enough to keep this down
[15:03:17] <@wrbtrader> Too scary of a price action to go Long within
[15:03:27] <@wrbtrader> reason why I have a strong Short bias
[15:03:43] <@wrbtrader> Shorts Emini TF @ 1077.80 -> small size
[15:03:52] <@wrbtrader> 3 contracts
[15:04:07] <@wrbtrader> re-entry after the pick pocketed of the remainders in my prior Short position
[15:05:12] <@wrbtrader> Covered all Emini TF Short @ 1077.80 --> 0
[15:05:27] <@wrbtrader> tic toc tic
[15:05:48] <@wrbtrader> Take care all and see all tomorrow...I ran out of time for trading
[15:07:14] <jpan> 67s
[15:08:05] <jpan> 65 out 1
[15:08:13] <tradermo> es 1936 - trying to get filled on iwm calls
[15:08:21] <jpan> 64.5 out 1
[15:09:09] <jpan> 1 left
[15:11:03] <jpan> 62 all out
[15:11:09] <jpan> booyea
[15:11:22] <jpan> done for the day, hungry, cya
[15:23:59] <tradermo> no fill on options yet :(
[15:52:31] <tradermo> option fills tricky with increased vix, need to be careful not to overpay
[16:00:19] <tradermo> scaled out of all countertrending longs, STE was a nice example
[16:01:57] <tradermo> giving up on options for today, no fill at reasonable prices
Session Close: Wed Oct 08 00:00:00 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
intradaystrategies@yahoo.com
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


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