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 Post subject: October 15th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Oct 16, 2014 8:04 am 
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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
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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:
101514-Key-Price-Action-Markets.png
101514-Key-Price-Action-Markets.png [ 1.52 MiB | Viewed 273 times ]

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

Session Start: Wed Oct 15 09:29:03 2014
Session Ident: ##TheStrategyLab
[09:29:03] * Now talking in ##TheStrategyLab
[09:29:03] * 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'
[09:29:03] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:29:03] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:50] <jpan> too low to short
[09:30:52] <jpan> damn
[09:30:58] <jpan> stop too much
[09:31:16] <monalisas> what item ?
[09:31:25] <jpan> nq
[09:31:27] <monalisas> EU ?
[09:31:37] <MattyR> yeah to far down.. i short ES at 51.75 but pulled out to early
[09:31:45] <@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.
[09:33:08] <jpan> 5`s
[09:33:10] <jpan> 51s
[09:33:14] <jpan> light
[09:34:28] <@wrbtrader> Key Market Events (KME) @ 1000am, 1100am and 1400pm est
[09:34:33] <jpan> 46 out
[09:34:40] <tradermo> buying more iwm calls here to trade against later
[09:34:43] <Tigerman__> gm all
[09:35:40] <@wrbtrader> Shorts Emini TF @ 1043.50 -> large size
[09:36:18] <@wrbtrader> big snap back upwards
[09:36:28] <jpan> 49s
[09:36:50] <jpan> 47s add
[09:37:36] <@wrbtrader> Shorts Emini TF @ 1045.10 -> Add
[09:37:55] <Tigerman__> sh iwm 104.33
[09:38:07] <Tigerman__> high vola price move a lot
[09:38:15] <@wrbtrader> like all the past 10 trading days...the first hour has had that crazy "strange chop"
[09:38:18] <jpan> 41.25 out half
[09:38:25] <Tigerman__> in contrast I have chart slow
[09:38:36] <@wrbtrader> WRB pt1 reached
[09:38:39] <Tigerman__> lag behind order platform
[09:39:10] <jpan> 38.5 out 1
[09:39:18] <@wrbtrader> Covered 1/2 Emini TF Short @ 1041.10 --> + 4
[09:39:55] <Tigerman__> exit 1/2 103.83 +40tk
[09:40:36] <@wrbtrader> :(
[09:42:12] <jpan> 41.75 asll out
[09:42:13] <@wrbtrader> Covered Remainder Emini TF Short @ 1042.80 --> + 0.7
[09:42:26] <jpan> not complaining
[09:42:41] <jpan> considering it made most of the moves globex perhaps
[09:44:55] <Tigerman__> exit all iwm 103.73 +50tk
[09:45:08] <Tigerman__> price like rocket
[09:47:31] <@wrbtrader> Messy price action...choppying around a lot still
[09:47:49] <Tigerman__> I have a clear problem with my chart too slow vs platform entry book
[09:48:04] <Tigerman__> need to fix that
[09:48:26] <Tigerman__> my previous trades done via order book
[09:49:01] <jpan> @s2
[09:49:29] <jpan> nearing VWAP @ 68
[09:49:31] <@wrbtrader> be careful...sometimes the chart data is OK and the broker platform is SLOW
[09:50:02] <jpan> @VWAP
[09:50:35] <jpan> bounced right off it
[09:50:56] <Tigerman__> yep thanks wrbtrader I ll look better and determine whas leading and whos lag
[09:50:57] <jpan> easy +5 if i took it
[09:51:21] <jpan> back to s2 again, while creating a down WRB HG
[09:52:04] <Tigerman__> vix
[09:52:46] <Cayden> entered into 8:30 KME Zone on 5 minute
[09:52:48] <jpan> 64s light
[09:52:56] <Cayden> tf
[09:53:18] <jpan> 70 stop initial
[09:53:48] <tradermo> iwm short 104.87
[09:54:01] <tradermo> gamma scalp against iwm calls
[09:54:22] <tradermo> only capturing volatility
[09:55:23] <Cayden> 1054 is R on 8:30 5 min TF KME
[09:55:46] <Cayden> correction- 1054.5 is R
[09:58:00] <@wrbtrader> pending KME @ 1000am est
[10:00:24] <tradermo> adding to iwm short 105.11
[10:00:52] <jpan> 72l buystp waiting
[10:01:49] <jpan> bear trap earlier
[10:02:09] <@wrbtrader> Long Emini TF @ 1056.80 -> large size
[10:02:35] <tradermo> adding to iwm short 105.42
[10:02:39] <jpan> 79.75 out half
[10:02:40] <tradermo> iwm gap fill
[10:02:43] <@wrbtrader> intuition trade
[10:03:02] <@wrbtrader> I want to see it fill the gap or at least give it a good try at it
[10:03:16] <jpan> s1 target
[10:03:21] <jpan> @ 85
[10:03:34] <jpan> front run 2 ticks waiting
[10:03:37] <@wrbtrader> @ 1060.30
[10:04:14] <jpan> 74.5
[10:04:18] <jpan> stop updated
[10:04:19] <@wrbtrader> trailing @ profit
[10:05:36] <@wrbtrader> re-entry
[10:05:44] <jpan> R turned to S earliest at 53, but didnt take that =P
[10:05:52] <@wrbtrader> Exited all Emini TF Long @ 1057.30 --> + 0.5
[10:06:30] <jpan> 71.75l
[10:06:55] <@wrbtrader> Long Emini TF @ 1055.30 -> large size
[10:07:25] <@wrbtrader> still choppy but I got my re-entry
[10:07:33] <jpan> breakout upside again
[10:07:46] <@wrbtrader> target still the GAP fill
[10:07:47] <jpan> 85 tgt6
[10:08:04] <@wrbtrader> will do another re-entry if trail is pick pocketed again
[10:08:25] <@wrbtrader> WRB pt1 reached
[10:08:33] <@wrbtrader> trailing @ profit
[10:09:28] <Cayden> nice work
[10:09:31] <@wrbtrader> 6 contracts
[10:09:36] <@wrbtrader> GAP filled
[10:09:39] <jpan> 81 out 4
[10:10:00] <jpan> 65 out 1
[10:10:01] <@wrbtrader> :(
[10:10:08] <jpan> 76 i meant
[10:11:18] <@wrbtrader> I thought for sure volatility will show up on that GAP fill and then power the price action upwards another few more points
[10:11:20] <@wrbtrader> didn't happen
[10:11:42] <jpan> 69.5 stop updated
[10:13:08] <jpan> it mgiht now
[10:13:34] <jpan> people still nervouse to go all bull out in such a downtrend, need to retest
[10:14:36] <jpan> 84.5 all out
[10:16:33] <@wrbtrader> Exited all Emini TF Long @ 1058.70 --> + 3.4
[10:16:46] <jpan> yea, shouldnt work anymore if breaks 73.25
[10:16:53] <jpan> yep, game over
[10:17:02] <jpan> perhaps lol
[10:17:11] <@wrbtrader> two consecutive tries at it and the volatility did NOT show up near that GAP fill
[10:17:24] <@wrbtrader> looks like nobody wanted anything to do with it
[10:17:38] <jpan> yea, it changed the VWAP biased, it can bounce off there, or just go strait back down again
[10:18:24] <jpan> 5m looks bearish again
[10:18:25] <@wrbtrader> I just got my bearsh bias back after the multiple failure for volatility to show its face near that GAP fill in Emini TF
[10:18:37] <jpan> yep, agreed
[10:19:21] <@wrbtrader> Shorts Emini TF @ 1056.20 -> large size
[10:20:18] <@wrbtrader> range developing :(
[10:20:41] <jpan> 70s
[10:20:43] <jpan> medium
[10:21:05] <jpan> within WRB down HG
[10:21:08] <jpan> should fail
[10:21:34] <jpan> creating a bull trap, then downwards we go
[10:22:07] <jpan> 63.5 out 2
[10:22:10] <@wrbtrader> Covered all Emini TF Short @ 1056.30 --> - 0.1
[10:22:40] <jpan> 73 stop
[10:22:52] <@wrbtrader> ranging inside the range of the most recent Down WRB Hidden GAP interval via the 1min chart
[10:23:08] <jpan> 72 stop updated
[10:23:24] <@wrbtrader> now struggling near the R area of the same Down WRB Hidden GAP
[10:24:05] <jpan> forming NRB, for possible breakout
[10:24:18] <jpan> nm out
[10:24:25] <@wrbtrader> :(
[10:24:35] <tradermo> adding to iwm short 105.86
[10:24:38] <@wrbtrader> volatility just showed up on the retest of that GAP fill
[10:24:50] <jpan> bounced off the VWAP afterall lol
[10:24:50] <@wrbtrader> caught me just watching instead of re-entry
[10:27:07] <@wrbtrader> Long Emini TF @ 1059.90 -> large size
[10:27:39] <@wrbtrader> volatility still there...just struggling to push price
[10:30:06] <@wrbtrader> Exited all Emini TF Long @ 1058.90 --> - 1
[10:33:01] <lightenup> Sold TF @ 56.30
[10:33:22] <lightenup> Flat TF @ 56.20 +.1
[10:34:14] <jpan> 58.5s
[10:34:36] <jpan> 2 cars
[10:34:37] <@wrbtrader> Shorts Emini TF @ 1057.20 -> large size
[10:35:02] <jpan> possible rejection off s2
[10:35:14] <@wrbtrader> 2+7 contracts
[10:35:18] <jpan> with bull trap
[10:35:24] <jpan> 57s add x2
[10:35:25] <@wrbtrader> my largest position size of the day so far
[10:36:11] <@wrbtrader> geeesh
[10:36:24] <@wrbtrader> I think this chop can smell me a mile away
[10:36:39] <monalisas> any broker suggestion to trade future ?
[10:37:09] <jpan> giving it alil space
[10:37:52] <@wrbtrader> Covered 1/3 Emini TF Short @ 1055.80 --> + 1.4
[10:38:05] <jpan> 66 out
[10:38:07] <@wrbtrader> Covered 1/3 Emini TF Short @ 1056.40 --> + 0.8
[10:38:22] <@wrbtrader> Covered Remainder Emini TF Short @ 1057.00 --> + 0.2
[10:41:19] <@wrbtrader> Just range bound price action now in the Emini futures
[10:42:38] <jpan> 66s reshort
[10:43:26] <Cayden> fairly tight range too- gonna take the 'varsity squad' to pick the markets pocket here.
[10:44:00] <jpan> if it doesnt break downside, im out
[10:44:12] <jpan> cause i see topside weakness
[10:44:46] <jpan> there we go
[10:45:07] <jpan> tgt s1 @ 59
[10:45:34] <@wrbtrader> Shorts Emini TF @ 1053.70 -> large size
[10:46:00] <jpan> 55.5 out half
[10:46:13] <jpan> LH confirmed
[10:47:36] <jpan> 58s add
[10:49:06] <jpan> give me a bull trap to confirm this even more
[10:49:07] <@wrbtrader> Covered 2/3 Emini TF Short @ 1053.00 --> + 0.7
[10:49:28] <@wrbtrader> Covered Remainder Emini TF Short @ 1053.50 --> + 0.2
[10:49:35] <@wrbtrader> :(
[10:50:14] <jpan> bear flag formation setup
[10:50:51] <jpan> 62 out
[10:51:00] <jpan> nope, guess not =P
[10:52:44] <jpan> 62s reshort light
[10:54:03] <jpan> 68.5 stop
[10:55:54] <@wrbtrader> Shorts Emini TF @ 1055.80 -> medium size
[10:56:01] <@wrbtrader> 4 contracts
[10:56:17] <@wrbtrader> time to begin my decrease in position size
[10:56:24] <jpan> 57.25 sell stop waiting
[10:56:32] <jpan> filled, large size
[10:57:05] <jpan> 45 tgt
[10:57:28] <@wrbtrader> WRB pt1 reached...price action struggling to keep it
[10:58:03] <@wrbtrader> Covered all Emini TF Short @ 1054.80 --> + 1
[10:58:06] <jpan> once it goes down far enough, more sellers will jump in, but needs to break 51 first for more momentum
[10:58:29] <@wrbtrader> trail stop pick pocketed in the chop :(
[11:01:57] <tradermo> exit 1/5 iwm 105.08
[11:02:26] <tradermo> exit 1/5 iwm 105.00
[11:02:49] <tradermo> lightening up to reload higher
[11:03:31] <jpan> break
[11:03:36] <jpan> nooyea
[11:03:38] <jpan> booyea
[11:04:09] <jpan> hmm, weak break
[11:04:22] <jpan> 61 out
[11:04:39] <jpan> that 51 is strong support
[11:05:13] <jpan> tapped it for a sec then shot up, shouldve left a limit order down there =P
[11:10:12] <tradermo> adding iwm short 105.60
[11:13:53] <jpan> 72l
[11:17:30] <tradermo> exit 1/4 iwm 105.12
[11:17:38] <jpan> 65 out
[11:18:32] <jpan> too choppy for me, im done before i give back everything
[11:19:54] <tradermo> hoping to reload higher again
[11:21:51] <Cayden> sounds like a good though jpan. keep the bird in the hand
[11:22:01] <Cayden> thought
[11:22:47] <@wrbtrader> Shorts Emini TF @ 1053.50 -> medium size
[11:22:56] <@wrbtrader> 4 contracts
[11:23:40] <@wrbtrader> geeesh :(
[11:23:47] <@wrbtrader> snapback again
[11:23:51] <@wrbtrader> unreal
[11:24:36] <Tigerman__> seems real :(
[11:24:56] <Tigerman__> a lot of headache
[11:25:23] <@wrbtrader> The chop today is just unrelenthless...I've not seen something like this before so darn consistent
[11:26:18] <Tigerman__> yeah infact it is not a good day inmy trading
[11:26:33] <Tigerman__> good at start but some problems later :(
[11:27:01] <Tigerman__> the way price moved at start it was a clue I need to recognize next time
[11:27:17] <@wrbtrader> WRB pt1 reached (2nd time in this price action)
[11:29:34] <Tigerman__> sh iwm 105.81
[11:29:56] <Tigerman__> exit all 105.71 +10 tk
[11:31:04] <@wrbtrader> Covered all Emini TF Short @ 1052.40 --> + 1.1
[11:31:09] <@wrbtrader> :(
[11:31:30] <@wrbtrader> trail stop pick pocketed again
[11:31:34] <@wrbtrader> unreal
[11:31:43] <@wrbtrader> I kepted my stop at -5 points
[11:32:39] <@wrbtrader> I then adjusted my trail stop to +1.1 when I was +3 in the profit
[11:32:49] <@wrbtrader> It quickly turned around and took that trail :(
[11:33:28] <@wrbtrader> something stinks about today
[11:33:48] <Tigerman__> 14pm beige book too
[11:34:30] <TradeSnake______> HFT machines are turned on full blast today... lol
[12:23:03] <tradermo> big guys selling into small guys bounce
[12:25:56] <tradermo> i think they are hoping for ~ es 1925
[12:28:24] <Tigerman__> E-minies today seems forex :(
[12:30:46] <tradermo> i am happy as long as they move, but don't like them to get stuck because of theta :)
[12:32:11] <tradermo> small guys still trying to buy the dip
[12:50:45] <tradermo> exit 1/3 of rem iwm 104.31
[13:10:57] <tradermo> small guys buying dip again, that should be interesting
[13:22:37] <tradermo> exit half of rem iwm 104.25
[13:26:22] <tradermo> exit rem iwm 104.05
[13:26:48] <tradermo> now i need a bounce to reload
[13:29:04] <Tigerman__> sh iwm 104
[13:31:23] <Tigerman__> exit all 104 :(
[13:35:46] <tradermo> small guys buying, but first time i see big guys too
[13:37:46] <Tigerman__> sh iwm 104.29
[13:38:30] <Tigerman__> exit half 14 +15 tk
[13:38:38] <Tigerman__> stall now
[13:40:46] <@wrbtrader> Shorts Emini TF @ 1045.50 -> large size
[13:42:32] <Tigerman__> exit all rem at 104.26 + 3 tk
[13:42:39] <@wrbtrader> Covered all Emini TF Short @ 1046.50 --> - 1
[13:42:39] <Tigerman__> :(
[13:42:51] <Tigerman__> better exit all at first exit
[13:43:15] <Tigerman__> hi wrbtrader seems there is some news abiout crazy price today
[13:43:48] <Tigerman__> cnbc report few liquidity in stocks in first 15 min utes
[13:44:00] <Tigerman__> a sort of mini crash
[13:45:00] <@wrbtrader> Shorts Emini TF @ 1046.60 -> large size
[13:45:16] <@wrbtrader> 4+1+1 contracts
[13:45:55] <Tigerman__> sh iwm 104.23 re-entry
[13:46:01] <@wrbtrader> re-entry
[13:46:20] <@wrbtrader> another chop snapback
[13:46:34] <@wrbtrader> back to back great entries killed by the chop
[13:47:59] <@wrbtrader> Covered all Emini TF Short @ 1047.60 --> - 1
[13:48:02] <Tigerman__> exit all 1104.36 -13 tk
[13:49:37] <@wrbtrader> wow...its back inside that earlier RANGE I completely stayed away from during the lunch period
[13:50:14] <Tigerman__> price try resume up
[13:52:17] <Cayden> KME in 8 minutes
[13:52:58] <@wrbtrader> Long Emini TF @ 1049.40 -> large size
[13:53:08] <@wrbtrader> 2+4 contracts
[13:53:45] <Tigerman__> lg iwm 104.7
[13:53:57] <Tigerman__> chase a bit not able to have better
[13:54:03] <@wrbtrader> The way the price action has been behaving today...
[13:54:19] <@wrbtrader> Feels like Halloween today (creepy, freaky, spooky)
[13:54:44] <tradermo> short iwm 104.90
[13:54:58] <@wrbtrader> Exited 2/3 Emini TF Long @ 1051.80 --> + 2.4
[13:55:12] <Tigerman__> exit 104.9 1/2 +20 tk
[13:55:15] <Cayden> if the market is anything like it was last FOMC day- that could be a great long. market started to churn up 18 minutes early the last FOMC. ECB KME in 5 minutes
[13:55:15] <@wrbtrader> Exited Remainder Emini TF Long @ 1051.50 --> + 2.1
[13:56:31] <Tigerman__> exit all 104.77 + 7 tk
[13:57:15] <Cayden> Euro 6E in tight CV range pre KME
[14:00:54] <@wrbtrader> Geeesh...
[14:01:29] <@wrbtrader> what's up with these nurses treating Ebola patients in the U.S. hospitals and then allowed to go on vacation (travel) via the airlines.
[14:01:31] <@wrbtrader> crazy
[14:02:07] <Tigerman__> yeah crazy world
[14:03:06] <@wrbtrader> Shorts Emini TF @ 1045.70 -> large size
[14:03:35] <@wrbtrader> By the way, just in case nobody notice...
[14:03:48] <@wrbtrader> VIX has been crazy the past few trading days...
[14:03:57] <@wrbtrader> It's gone straight UP
[14:04:23] <Tigerman__> yeah noted RVX too :)
[14:04:34] <Tigerman__> sh iwm 104.2
[14:05:09] <Tigerman__> exit 1/2 104.10 +10t
[14:05:25] <Tigerman__> greek crash today almost -10%
[14:05:41] <@wrbtrader> Covered 1/2 Emini TF Short @ 1044.90 --> + 0.8
[14:06:03] <Tigerman__> exit all rem 104.17 +3 tk
[14:06:14] <@wrbtrader> Covered Remainder Emini TF Short @ 1045.10 --> + 0.6
[14:07:41] <Tigerman__> sh iwm 104.04
[14:07:45] <@wrbtrader> Shorts Emini TF @ 1043.10 -> large size
[14:07:45] <tradermo> exit half iwm 103.98
[14:07:59] <@wrbtrader> trails pick pocked in prior trade
[14:08:02] <@wrbtrader> re-entry
[14:08:23] <@wrbtrader> Shorts Emini TF @ 1043.90 -> Add
[14:08:24] <tradermo> tf at critical point
[14:11:10] <Tigerman__> exit all 104.20 -16t
[14:13:53] <@wrbtrader> Covered 1/2 Emini TF Short @ 1045.70 --> - 1.8
[14:14:06] <@wrbtrader> Covered Remainder Emini TF Short @ 1046.00 --> - 2.9
[14:14:10] <@wrbtrader> :(
[14:14:32] <tradermo> adding to iwm short 104.42
[14:15:00] <Cayden> feaky is right- both sides getting tossed
[14:16:00] <Cayden> here
[14:16:38] <tradermo> adding 104.63
[14:16:43] <Cayden> punching through here- punched through rather
[14:18:48] <tradermo> need to get to es 1841 to rescue the market
[14:19:05] <Cayden> ranges built fast day
[14:19:16] <@wrbtrader> CDC instructed the Health care workers at the hospital and the hospital management instructed those same nurses..."self monitoring and not commercial travels".
[14:19:31] <@wrbtrader> Yet, some ignored it and traveled anyways :(
[14:19:59] <Cayden> Not Good
[14:20:06] <@wrbtrader> Doesn't seem like to me they are capable of "self monitoring"
[14:20:43] <Cayden> I wold not be so poltte
[14:20:46] <@wrbtrader> I think because some of them are obviously "ignoring" the travel warning...
[14:20:48] <Cayden> polite
[14:20:57] <@wrbtrader> They all should be quarantine...every one of them.
[14:21:07] <Cayden> yep
[14:21:37] <Cayden> treat this like it is...very dangerous!!
[14:22:28] <@wrbtrader> There are now checking into a story of one of the primary doctors of the Ebola patient that died...that Doctor went to a family reunion
[14:22:30] <@wrbtrader> Geeesh
[14:22:42] <@wrbtrader> What's wrong with those folks :(
[14:23:33] <Tigerman__> simply people outhere do not appy risk management
[14:23:39] <@wrbtrader> What's next at that hospital..."Bring Your Kids To Work Day"
[14:24:31] <Tigerman__> simply most people people act ignorant untill it is too late ... :(
[14:25:55] <Cayden> Rhetorical Smart Asses
[14:26:23] <Cayden> they get to be correct until thy arent...then what?
[14:27:10] <@wrbtrader> I have two family relatives working at hospitals (a doctor and nurse)...
[14:27:46] <@wrbtrader> Both said that hospital staff treating that patient for Ebola should have been quarantine for a minimum of 14 days after that patient died...
[14:27:58] <@wrbtrader> Quarantine in a separate area at the hospital
[14:28:28] <Tigerman__> it is a minimum of good practice
[14:28:28] <@wrbtrader> Shorts Emini TF @ 1047.60 -> large size
[14:29:33] <@wrbtrader> It doesn't help paranoid folks like me that watch a lot of "The Walking Dead" episodes
[14:29:38] <Cayden> I think the movie channels should air the movie 'Outbreak '
[14:30:28] <@wrbtrader> They just don't want TF to drop everytime it makes a good attempt at such
[14:31:19] <Tigerman__> umh.. seems plunge protection team works again
[14:32:05] <Tigerman__> after many weeks up market have to go down :)
[14:32:35] <Tigerman__> but I know then rich sensaction end for investor s
[14:33:13] <Cayden> i think if it pops above 51 it will be very fast o 52.5
[14:33:35] <Cayden> or not
[14:34:23] <@wrbtrader> TF retest the R area of the most recent reaction high
[14:35:32] <@wrbtrader> Covered all Emini TF Short @ 1050.50 --> - 2.9
[14:36:51] <@wrbtrader> Long Emini TF @ 1052.80 -> large size
[14:37:40] <@wrbtrader> last two trades were all price action that moved initially my favor and then suddenly snap back into losses
[14:38:34] <@wrbtrader> volatility just slowed down
[14:38:40] <@wrbtrader> first time in about 5 minutes
[14:40:12] <Cayden> have to rest head
[14:41:14] <tradermo> es 1841 need to see reaction - may overshoot to 1844
[14:41:19] <@wrbtrader> Exited all Emini TF Long @ 1053.20 --> + 0.4
[14:42:04] <@wrbtrader> TF now retesting (retracing) that prior R area reaction high
[14:43:20] <@wrbtrader> Shorts Emini TF @ 1051.40 -> large size
[14:43:27] <tradermo> small guys bough a lot on this bounce
[14:44:01] <@wrbtrader> snapback
[14:44:06] <tradermo> big guys hesitating a bit
[14:48:03] <@wrbtrader> I'm surprised TF rolled over after that snapback
[14:50:03] <@wrbtrader> Covered all Emini TF Short @ 1051.30 --> + 0.1
[14:50:32] <@wrbtrader> Looks like its just going to bounce around this R area
[14:51:08] <@wrbtrader> Long Emini TF @ 1053.10 -> large size
[14:51:58] <Tigerman__> lg iwm 105
[14:52:42] <Tigerman__> exit 1/2 105.10 +10 tk
[14:52:43] <@wrbtrader> Exited all Emini TF Long @ 1054.00 --> + 0.9
[14:53:04] <Tigerman__> exit all rem 105.03 +3tk
[14:53:59] <@wrbtrader> looking for a re-entry but its just chopping again
[14:56:16] <@wrbtrader> that volatility showed up again...
[14:56:42] <@wrbtrader> lets see if that crazy snapback (chop) shows up again to take prices higher
[14:58:00] <@wrbtrader> crazy...did it again
[14:58:59] <Tigerman__> sh iwm 104.94
[14:59:41] <tradermo> strangely big guys not selling yet
[15:00:08] <@wrbtrader> Long Emini TF @ 1052.50 -> large size
[15:00:18] <@wrbtrader> re-entry
[15:00:22] <Tigerman__> exit all 93 +1 t
[15:01:19] <@wrbtrader> reaction point of 1355pm est being retested again
[15:07:15] <tradermo> es 1845 - need to see if this is an overshoot into liquidity
[15:08:09] <@wrbtrader> Exited all Emini TF Long @ 1055.30 --> + 2.8
[15:11:54] <Tigerman__> lg iwm 105.25
[15:12:06] <tradermo> big guys still interested, letting remaining deltas run
[15:12:20] <@wrbtrader> Long Emini TF @ 1056.90 -> large size
[15:13:36] <@wrbtrader> Exited all Emini TF Long @ 1057.00 --> + 0.1
[15:15:25] <@wrbtrader> sideline...just watching
[15:15:47] <@wrbtrader> lots of chop here again
[15:16:40] <Tigerman__> exit all 35 +10 tk
[15:21:11] <Tigerman__> lg 105.3
[15:22:52] <Tigerman__> exit all 20 -10
[15:22:55] <@wrbtrader> Shorts Emini TF @ 1054.40 -> large size
[15:23:08] <@wrbtrader> :(
[15:24:00] <tradermo> now 1837 need to hold for the bulls to survive
[15:24:05] <@wrbtrader> Covered all Emini TF Short @ 1055.10 --> - 0.7
[15:24:33] <@wrbtrader> Long Emini TF @ 1055.70 -> large size
[15:25:05] <tradermo> tf doing very well so far
[15:27:59] <@wrbtrader> Exited all Emini TF Long @ 1059.10 --> + 3.4
[15:28:07] <@wrbtrader> I'm done for the day
[15:28:12] <Tigerman__> lg iwm 105.57
[15:28:34] <@wrbtrader> Prior trade in that Short was a trade error...it waqs suppose to be a Long position and I click the wrong button
[15:28:48] <@wrbtrader> Error like that on a day like today not acceptable
[15:28:55] <@wrbtrader> Take care all and see all tomorrow
[15:29:59] <Cayden> L8tr wrbtraderaway
[15:30:52] <Tigerman__> exit iwm 105.97 +40 tk
[15:32:52] <Tigerman__> exit all rem iwm 106.07 +50 tk
[15:33:51] <tradermo> adding to iwm short 106.18
[15:34:12] <tradermo> locking in rem delta
[15:37:21] <tradermo> adding to iwm short 106.40
[15:37:32] <Tigerman__> lg 106.37
[15:37:39] <tradermo> wow, my delta gauge is out of control :)
[15:38:36] <tradermo> adding 106.70
[15:39:15] <Tigerman__> exit 1/2 77 +40 tk
[15:40:18] <tradermo> adding 106.99
[15:41:07] <tradermo> one more push for es new highs ?
[15:42:06] <Tigerman__> exit all iwm rem 106.87 +50 tk
[15:45:15] <tradermo> tf a bit exhausted, how sad
[15:48:37] <Tigerman__> take care all
[15:49:56] <tradermo> exit 1/7 iwm 106.25
[15:59:48] <tradermo> now delta neutral overnight, hoping for gap in any direction to exploit all the gamma
Session Close: Wed Oct 15 20:26:00 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 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)
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