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 Post subject: October 13th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Oct 14, 2014 6:57 am 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2608
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

101314-Key-Price-Action-Markets.png [ 1.11 MiB | Viewed 85 times ]

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

Session Start: Mon Oct 13 09:26:36 2014
Session Ident: ##TheStrategyLab
[09:26:36] * Now talking in ##TheStrategyLab
[09:26:36] * 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'
[09:26:36] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:26:36] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:39:48] <wrbtrader> Good morning all
[09:40:00] <lightenup> gm
[09:40:03] <tradermo> short iwm 105.30
[09:40:08] <Blejsmith_> gm
[09:41:29] <tradermo> stop to breakeven 105.30
[09:43:46] <wrbtrader> Shorts Emini TF @ 1051.70 -> medium size
[09:44:01] <wrbtrader> 2+2 contracts
[09:44:51] <wrbtrader> I had a trade before this not posted (loser -0.10) on 3 contracts
[09:45:11] <wrbtrader> It was also a trade error
[09:49:32] <wrbtrader> Covered all Emini TF Short @ 1048.40 --> + 3.3
[09:50:02] <wrbtrader> covered below the S area of the most recent Up WRB Hidden GAP interval 2min chart
[09:50:26] <wrbtrader> S area @ 1049.50
[09:52:04] <tradermo> exit half iwm 104.30
[09:53:04] <wrbtrader> Shorts Emini TF @ 1045.60 -> medium size
[09:53:12] <wrbtrader> 3+1
[09:53:16] <wrbtrader> contracts
[09:55:33] <tradermo> exit rem iwm 104.33
[09:55:35] <wrbtrader> Shorts Emini TF @ 1046.50 -> Add
[09:55:58] <wrbtrader> 2+2 added
[09:56:28] <wrbtrader> lets see if I can hold this and see it throught
[09:56:58] <tradermo> into a few iwm calls
[09:57:05] <wrbtrader> volatility increasing
[09:57:57] <wrbtrader> Shorts Emini TF @ 1049.50 -> Add
[09:58:11] <wrbtrader> 3+1 added
[09:58:20] <wrbtrader> 12 contracts total
[10:00:33] <wrbtrader> price action still increasing volatility...
[10:00:48] <wrbtrader> nearing the R area of the earlier mentioned Up WRB Hidden GAP
[10:02:02] <wrbtrader> Covered 1/2 Emini TF Short @ 1053.50 --> - 4
[10:02:33] <wrbtrader> Covered Remainder Emini TF Short @ 1053.00 --> - 7.4
[10:04:24] <wrbtrader> R area retest
[10:05:09] <wrbtrader> Shorts Emini TF @ 1053.70 -> large size
[10:05:44] <wrbtrader> 3+1+2 contracts
[10:06:10] <wrbtrader> still jumping around
[10:06:22] <wrbtrader> volatility has slowed "a little"
[10:16:12] <wrbtrader> Covered all Emini TF Short @ 1048.60 --> + 5.1
[10:27:29] <wrbtrader> That strange chop is NONE stop so far today
[10:27:37] <wrbtrader> in Emini TF futures
[10:29:58] <wrbtrader> Shorts Emini TF @ 1044.90 -> large size
[10:30:32] <tradermo> filled on a few more iwm calls here
[10:31:04] <wrbtrader> :(
[10:31:17] <tradermo> will be using them for gamma scalps only
[10:32:06] <wrbtrader> Covered all Emini TF Short @ 1045.80 --> - 0.9
[10:34:19] <wrbtrader> Long Emini TF @ 1046.10 -> large size
[10:37:04] <wrbtrader> Exited all Emini TF Long @ 1045.10 --> - 1
[10:38:25] <wrbtrader> crazy chop still
[10:40:36] <wrbtrader> This chop is NOT on size...its via 1 - 2 contracts
[10:42:47] <wrbtrader> Shorts Emini TF @ 1041.10 -> large size
[10:43:07] <wrbtrader> correction
[10:43:19] <wrbtrader> Shorts Emini TF @ 1044.10 -> large size
[10:44:57] <wrbtrader> Covered all Emini TF Short @ 1041.90 --> + 2.2
[10:45:34] <wrbtrader> So far I will say that today is the worst day involving this strange chop like price action...
[10:45:38] <wrbtrader> Its none stop so far
[10:46:15] <tradermo> final add for iwm calls here - es 1884 key level
[10:47:44] <tradermo> hoping to rotation to es 1910 if we dont break, back later
[10:50:51] <wrbtrader> Shorts Emini TF @ 1046.40 -> large size
[10:51:44] <wrbtrader> It did it again but this time I was a little better prepared to jump on that "strange chop"...trade signal was @ 1044.70
[10:52:29] <wrbtrader> :(
[10:52:32] <wrbtrader> geeesh
[10:53:45] <wrbtrader> Covered all Emini TF Short @ 1047.20 --> - 0.8
[10:54:50] <wrbtrader> R area retest of the prior Down WRB Hidden GAP that kepted price action down inside that crazy chop
[10:56:57] <wrbtrader> Long Emini TF @ 1050.20 -> large size
[11:00:23] <wrbtrader> volatility has stalled and its the first normal looking stalled volatility I've seen today
[11:01:02] <wrbtrader> didn't last long
[11:01:13] <wrbtrader> crazy chop suddenly showed up again
[11:03:26] <wrbtrader> Exited 2/3 Emini TF Long @ 1054.50 --> + 4.3
[11:04:28] <wrbtrader> Exited Remainder Emini TF Long @ 1055.80 --> + 5.6
[11:05:02] <wrbtrader> That's not even a WRB pt1...crazy
[11:05:09] <wrbtrader> Just a random exit
[11:06:27] <wrbtrader> I was watching NQ, YM and ES during that trade...similar like strange chop
[11:06:37] <wrbtrader> Thus, its not just a Emini TF issue
[11:08:37] <wrbtrader> Emini TF is back in the price area of when this strange chop first started today
[11:24:29] <@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.
[11:26:48] <@wrbtrader> Long Emini TF @ 1052.60 -> small size
[11:26:57] <@wrbtrader> 3 contracts
[11:27:07] <tradermo> short iwm 105.02
[11:27:22] <tradermo> just locking in a few deltas here
[11:27:46] <tradermo> big guys not supporting this move too well
[11:29:45] <@wrbtrader> Exited all Emini TF Long @ 1052.00 --> - 0.6
[11:30:20] <@wrbtrader> Long Emini TF @ 1052.90 -> small size
[11:30:28] <@wrbtrader> 3 contracts
[11:30:31] <@wrbtrader> re-entry
[11:30:44] <@wrbtrader> crazy chop killed my prior Long position :(
[11:30:59] <@wrbtrader> trying to do the same again
[11:31:48] <@wrbtrader> Exited all Emini TF Long @ 1054.00 --> + 1.1
[11:32:07] <@wrbtrader> sideline...will just watch awhile
[11:41:15] <@wrbtrader> Long Emini TF @ 1053.00 -> small size
[11:41:23] <@wrbtrader> 3 contracts
[11:41:40] <@wrbtrader> volatility increasing...
[11:41:43] <@wrbtrader> don't stop
[11:42:16] <@wrbtrader> That's what this crazy chop does to you...eventually turns you into a "cheerleader"
[11:42:17] <@wrbtrader> :)
[11:43:37] <@wrbtrader> I had a great entry that was immediately follow by a volatility push...now just chopping around strangely again
[11:44:35] <@wrbtrader> Exited all Emini TF Long @ 1053.30 --> + 0.3
[11:45:56] <Cayden> i liked your entry- I show up- late to the party- to see the same thing- Yeah!- pass the pom poms
[11:46:53] <Cayden> wrbtrader? that entry was off a 1 minute chart?
[11:46:57] <tradermo> adding iwm short 105.23
[11:47:36] <tradermo> locking in more deltas from calls
[11:47:51] <tradermo> still hoping for es 1910
[11:48:09] <tradermo> big guys interested again
[11:48:47] <TradeSnake______> Short GC @ 1230.0
[11:52:55] <@wrbtrader> cayden...which trade ?
[11:53:22] <Cayden> 1053
[11:53:36] <Cayden> long
[11:53:49] <@wrbtrader> That one via 2min chart
[11:56:50] <Cayden> copy- i rekon you made an entry during the 2 min interval while volitility showed itself
[11:59:57] <@wrbtrader> No
[12:00:11] <@wrbtrader> Entry signal earlier than my entry
[12:00:28] <@wrbtrader> I just waited for the chop to bring the price action to my favor and then jumped on
[12:00:41] <@wrbtrader> Thus, I got a better entry price than my trade signal price
[12:02:01] <@wrbtrader> I just got another Long signal...will wait for the price action to do that strange chop
[12:02:39] <@wrbtrader> Long Emini TF @ 1055.10 -> small size
[12:02:50] <@wrbtrader> 3 contracts
[12:04:59] <@wrbtrader> Exited all Emini TF Long @ 1056.50 --> + 1.4
[12:06:44] <Cayden> could you tell me from what chapter or place from the TSL text I could look up your most recent long entry?
[12:07:18] <@wrbtrader> Post the questions at the forum and I'll reply there
[12:07:26] <Cayden> thanks
[12:14:41] <@wrbtrader> Overall in light of the prior two trading day...
[12:15:03] <@wrbtrader> Emini TF is still bearish even though it has fact hard to get back near the intraday highs for the day
[12:15:59] <@wrbtrader> It will need to get above 1061,00 for me to change my bias from bearish to neutral
[12:16:32] <@wrbtrader> and then above 1071.00 for me to change my bias from neutral to bullish
[12:16:56] <@wrbtrader> that's via the 15min chart analysis
[12:17:04] <@wrbtrader> regular session chart
[12:26:59] <Cayden> copy that- makes sense during shorter interval chop-
[12:30:09] <tradermo> adding to iwm short 105.75
[12:32:20] <Cayden> wrbtrader? the 15 minute regular session chart you just spoke of- is that The RUT?
[12:32:34] <@wrbtrader> Yes
[12:32:45] <@wrbtrader> RUT and TF
[12:36:06] <Cayden> copy- looks like she's just trying to trade above the wrbhg on the TF- 1061 now.
[13:58:34] <tradermo> exit 1/3 iwm 105.35
[14:10:13] <@wrbtrader> Long Emini TF @ 1058.70 -> small size
[14:10:19] <@wrbtrader> 3 contracts
[14:12:20] <@wrbtrader> Exited all Emini TF Long @ 1058.10 --> - 0.6
[14:17:58] <@wrbtrader> Long Emini TF @ 1058.00 -> small size
[14:18:05] <@wrbtrader> 3 contracts
[14:22:50] <@wrbtrader> Exited all Emini TF Long @ 1059.00 --> + 1
[14:23:29] <@wrbtrader> Long Emini TF @ 1058.80 -> small size
[14:23:51] <@wrbtrader> not an early exit on the prior Long...it was a trail stop hit
[14:28:22] <@wrbtrader> Exited all Emini TF Long @ 1059.60 --> + 0.8
[14:28:34] <@wrbtrader> trail stop hit but still at a WRB pt1
[14:44:20] <TradeSnake______> Flat GC @ 1231.8 --> -1,8
[14:58:06] <tradermo> exit half of rem iwm 105.08
[15:10:43] <tradermo> exit rem iwm 105.01
[15:18:58] <@wrbtrader> Shorts Emini TF @ 1052.50 -> small size
[15:19:31] <@wrbtrader> 1 contract
[15:24:26] <@wrbtrader> Covered Emini TF Short @ 1051.90 --> + 0.6
[15:30:42] <@wrbtrader> Shorts Emini TF @ 1051.00 -> medium size
[15:32:58] <@wrbtrader> increasing volatility
[15:45:24] <@wrbtrader> Covered 3/4 Emini TF Short @ 1046.40 --> + 4.6
[15:45:28] <@wrbtrader> WRB pt2 reached
[15:45:58] <@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
[15:54:45] <@wrbtrader> Covered Remainder Emini TF Short @ 1045.90 --> + 5.1
[15:57:22] <@wrbtrader> Shorts Emini TF @ 1046.00 -> small size
[15:57:37] <@wrbtrader> 2 contracts
[15:59:32] <@wrbtrader> Covered all Emini TF Short @ 1045.90 --> + 0.1
[16:00:34] <@wrbtrader> Its a holiday here in Canada. No school for the kids
[16:00:47] <@wrbtrader> Thus, I was able to trade the full day today.
[16:00:54] <@wrbtrader> Take care all and see all tomorrow
[16:01:41] <lightenup> Sell Gold @ 1233.5
[16:16:38] <lightenup> Added to Sell GC Gold @ 1234.4
[16:41:25] <lightenup> Flat GC Gold @ 1236.4 -2.8
[17:11:10] <lightenup> Flat GC Gold add @ 1237.1 -2.7
Session Close: Mon Oct 13 21:53:44 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 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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