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 Post subject: October 17th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Oct 17, 2014 7:46 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2543
Location: Canada
Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
Business Hours: 8am - 5pm est (Mon - Fri)
questions@thestrategylab.com (24/7)
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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:
101714-Key-Price-Action-Markets.png
101714-Key-Price-Action-Markets.png [ 1.43 MiB | Viewed 104 times ]

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

Session Start: Fri Oct 17 09:16:39 2014
Session Ident: ##TheStrategyLab
[09:16:39] * Now talking in ##TheStrategyLab
[09:16:39] * 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'
[09:16:39] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:16:39] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:20:48] <@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.
[09:26:26] <@wrbtrader> Good morning all...surprise there's only 1/2 of a room today because its been hyped by the market that today will be a hot market trading day
[09:27:04] <@wrbtrader> Key Market Event @ 0955am est
[09:36:06] <MattyR> short TF 90.9
[09:36:10] <MattyR> 1 lot
[09:36:19] <MattyR> possible gap fill
[09:37:03] <MattyR> flat TF +0.2
[09:37:26] <MattyR> just got my stop
[09:40:48] <MattyR> short Tf 89.0
[09:41:36] <@wrbtrader> Short Emini ES futures @ 1872.50 large size 20 contracts
[09:43:29] <MattyR> flat tf 90.8
[09:43:33] <MattyR> -1.8
[09:43:35] <@wrbtrader> Exit all Emini ES futures @ 1872.25 +0.25 points
[09:43:57] <@wrbtrader> trail stolen
[09:44:02] <@wrbtrader> missed re-entry
[09:45:52] <@wrbtrader> Short Emini ES futures @ 1872.25 large size 25 contracts
[09:45:58] <@wrbtrader> re-entry
[09:46:03] <@wrbtrader> :(
[09:46:15] <MattyR> short tf 90.6
[09:46:24] <MattyR> 1 lot
[09:47:12] <MattyR> flat TF 92.6 -2
[09:48:52] <@wrbtrader> Short add to Emini ES @ 1873.25
[09:49:33] <MattyR> short tf 87.4
[09:49:49] <@wrbtrader> Cover 1/2 Emini ES futures @ 1873.00 +0.25
[09:50:33] <MattyR> flat TF -2
[09:50:38] <MattyR> :(
[09:50:49] <MattyR> bad entry
[09:50:52] <@wrbtrader> Cover remainder Emini ES futures @ 1874.25
[09:51:05] <@wrbtrader> -2.00 points
[09:57:04] <tradermo> scaling into a few iwm puts
[09:59:47] <MattyR> volatility spike in GC and currencies
[10:00:55] <@wrbtrader> a lot of range so far
[10:04:32] <@wrbtrader> Long Emini ES @ 1879.00 -> large size
[10:04:47] <tradermo> adding more iwm puts
[10:04:48] <MattyR> long tf 92.1
[10:04:52] <@wrbtrader> 25 contracts
[10:05:15] <MattyR> 4 lot
[10:05:39] <MattyR> covered 2 at 95.0
[10:05:43] <tradermo> es need to get to 1890 to give the bulls a chance
[10:06:00] <@wrbtrader> Exited all Emini ES Long @ 1880.00 --> + 1
[10:07:03] <MattyR> exit remainer at +0.3
[10:07:07] <MattyR> gee wiz
[10:08:51] <@wrbtrader> Shorts Emini ES @ 1879.50 -> large size
[10:09:13] <@wrbtrader> Emini futures volatility increasing and showing weakness
[10:09:31] <tradermo> surprisingly big boys are big buyers here
[10:11:51] <@wrbtrader> good entry but it just doesn't want to break down
[10:12:14] <@wrbtrader> Covered all Emini ES Short @ 1879.25 --> + 0.25
[10:12:54] <@wrbtrader> It retested 1879.25 too many times while maintaining its higher low
[10:15:16] <@wrbtrader> Shorts Emini ES @ 1880.25 -> large size
[10:15:21] <@wrbtrader> re-entry
[10:16:13] <@wrbtrader> starting to feel like its a "trading for the ticks" instead of "trading for the points"
[10:17:12] <MattyR> long tf 91.8
[10:17:46] <@wrbtrader> Covered all Emini ES Short @ 1882.00 --> - 1.75
[10:17:54] <@wrbtrader> :(
[10:18:35] <@wrbtrader> Long Emini ES @ 1882.50 -> large size
[10:19:09] <@wrbtrader> ooouch
[10:19:53] <tradermo> tf surprisingly weak today
[10:19:58] <@wrbtrader> Exited all Emini ES Long @ 1882.75 --> + 0.25
[10:20:10] <MattyR> covered Tf long +0.2
[10:20:25] <MattyR> Covered tf +0.2
[10:20:28] <@wrbtrader> Shorts Emini ES @ 1882.50 -> large size
[10:21:24] <@wrbtrader> Emini ES fighting to keep the support of its most recent Up WRB Hidden GAP interval while others are below it
[10:22:05] <@wrbtrader> Matrix Agent: Why persist Mr. Anderson...why, why, why"
[10:23:35] <MattyR> yup
[10:23:42] <@wrbtrader> Covered all Emini ES Short @ 1882.00 --> + 0.5
[10:24:31] <MattyR> I think smaller targets in this chop
[10:25:20] <@wrbtrader> Shorts Emini ES @ 1882.25 -> large size
[10:25:28] <@wrbtrader> re-entry
[10:26:47] <@wrbtrader> VIX near 21
[10:27:01] <@wrbtrader> it also had a big gap down on its open data :(
[10:27:20] <@wrbtrader> I picked the wrong day to trade Emini ES futures
[10:28:41] <@wrbtrader> Covered all Emini ES Short @ 1883.00 --> - 0.75
[10:28:49] <@wrbtrader> pick pocketed
[10:29:06] <@wrbtrader> increasing volatility too
[10:29:30] <@wrbtrader> Long Emini ES @ 1884.50 -> large size
[10:30:16] <MattyR> long TF 90.2
[10:30:23] <MattyR> 2 lot
[10:31:44] <MattyR> cover Tf +1.0
[10:34:41] <@wrbtrader> Exited all Emini ES Long @ 1885.00 --> + 0.5
[10:36:34] <@wrbtrader> Shorts Emini ES @ 1883.75 -> large size
[10:36:59] <@wrbtrader> :(
[10:37:14] <@wrbtrader> looking for a Houdini Escape out of this trade
[10:39:23] <tradermo> insane, big guys buying at levels that are supposed to be sold
[10:40:05] <@wrbtrader> This trade is a trade error...its now my "lucky trade of the day"
[10:42:21] <tradermo> long iwm 108.46
[10:42:29] <tradermo> hedge trade
[10:43:23] <@wrbtrader> Covered all Emini ES Short @ 1881.75 --> + 2
[10:43:26] <@wrbtrader> WRB pt1 reached
[10:45:51] <tradermo> adding 108.46
[10:46:03] <tradermo> a bit more hedge
[10:46:23] <tradermo> against puts
[10:46:30] <@wrbtrader> Emini TF ranging, VIX ranging, ES now ranging
[10:46:55] <@wrbtrader> The expected barn burner day has not occurred so far :(
[10:47:09] <tradermo> tf still weak but if we get to es 1890 we have short sqeeze potential
[10:50:51] <@wrbtrader> snapback
[10:57:22] <@wrbtrader> Emini ES futures back inside the RANGE of its most recent Down WRB Hidden GAP interval 2min chart
[11:01:49] <tradermo> exit all iwm 108.46
[11:02:28] <tradermo> big guys slowing down
[11:02:49] <tradermo> small guys a bit nervous, back later
[11:30:23] <tradermo> long iwm 108.25
[11:30:33] <tradermo> locking in some deltas
[11:32:25] <@wrbtrader> Shorts Emini ES @ 1886.50 -> large size
[11:34:19] <@wrbtrader> Covered all Emini ES Short @ 1887.75 --> - 1.25
[11:35:05] <@wrbtrader> Long Emini ES @ 1888.50 -> large size
[11:35:14] <@wrbtrader> 25 contratcts
[11:36:42] <@wrbtrader> I had 3 consecutive "no fills" in Emini TF before the Emini ES trade
[11:37:06] <@wrbtrader> In contrast, yesterday they were stealing the stops and trail stops just to get contracts :(
[11:37:33] <tradermo> es getting awfully close to 1890
[11:40:39] <tradermo> stop to breakeven 108.25
[11:41:19] <tradermo> tf still weak, no squeezing yet
[11:41:54] <@wrbtrader> Exited all Emini ES Long @ 1889.50 --> + 1
[11:45:26] <t4n> RUA looks like its on another page
[11:47:51] <@wrbtrader> Long Emini ES @ 1890.50 -> large size
[11:48:22] <@wrbtrader> volatility increasing but TF and others keeping ES from surging into a volatility spike
[11:49:22] <@wrbtrader> last two Emini trades are a point apart on the entry :(
[11:49:30] <@wrbtrader> too much space there
[11:50:05] <tradermo> exit all iwm 108.50
[11:50:13] <tradermo> tf is just too weak for me
[11:50:37] <tradermo> even if big guys buying like crazy
[11:54:53] <@wrbtrader> Exited all Emini ES Long @ 1891.25 --> + 0.75
[11:59:14] <TradeSnake______> Long GC @ 1234.0
[12:11:45] <@wrbtrader> Shorts Emini ES @ 1886.25 -> large size
[12:12:05] <@wrbtrader> that's a lot of downside pressure without that snapback
[12:12:12] <@wrbtrader> knock on wood
[12:12:56] <tradermo> long iwm 107.97
[12:13:12] <tradermo> locking in some deltas again
[12:13:13] <@wrbtrader> Emini ES fighting hard now to find some legs while Emini TF keeps the downside pressure :(
[12:13:47] <t4n> tf heading to yesterdays close
[12:14:15] <@wrbtrader> Covered all Emini ES Short @ 1886.25 --> 0
[12:14:46] <@wrbtrader> :(
[12:14:54] <@wrbtrader> discouraging
[12:15:53] <@wrbtrader> Shorts Emini ES @ 1885.50 -> large size
[12:16:05] <@wrbtrader> re-entry
[12:16:47] <@wrbtrader> reason why I'm trading Emini ES today is because I didn't like what I saw in Emini TF out of the gate...
[12:17:15] <tradermo> indeed !
[12:17:27] <t4n> looks like it was chopping around
[12:17:33] <@wrbtrader> now Emini TF has its volatility back...I may switch back to it depending upon the results of my current Emini ES position
[12:19:33] <@wrbtrader> beware of the snapback
[12:19:43] <@wrbtrader> tightning my trail stop
[12:20:57] <@wrbtrader> Covered all Emini ES Short @ 1884.75 --> + 0.75
[12:21:49] <@wrbtrader> another shakeout
[12:21:54] <@wrbtrader> or pick pocket
[12:25:54] <@wrbtrader> Shorts Emini TF @ 1083.10 -> medium size
[12:26:56] <@wrbtrader> Covered all Emini TF Short @ 1083.30 --> - 0.2
[12:27:07] <@wrbtrader> will try again
[12:28:01] <@wrbtrader> Shorts Emini TF @ 1083.20 -> medium size
[12:28:07] <@wrbtrader> re-entry
[12:30:19] <@wrbtrader> maybe its not the price action...its just me being tired after such a crazy week of trading
[12:31:09] <@wrbtrader> Covered all Emini TF Short @ 1085.10 --> - 1.9
[12:31:37] <@wrbtrader> volatility spike back into the range of the most recent Down WRB Hidden GAP interval 1min chart
[12:33:36] <@wrbtrader> Shorts Emini TF @ 1084.60 -> medium size
[12:33:45] <@wrbtrader> 2+2 contracts
[12:39:48] <@wrbtrader> Covered all Emini TF Short @ 1084.30 --> + 0.3
[12:40:25] <@wrbtrader> :(
[12:41:10] <@wrbtrader> Shorts Emini TF @ 1083.80 -> medium size
[12:41:20] <@wrbtrader> re-entry
[12:42:29] <@wrbtrader> feels like a snail moving in comparison to the past 10 trading days
[12:42:59] <@wrbtrader> Simply, more patience is required today
[12:43:05] <@wrbtrader> so far I've not have much of that
[12:44:24] <@wrbtrader> Covered all Emini TF Short @ 1083.40 --> + 0.4
[12:44:47] <@wrbtrader> be back later...I'm just tired
[12:48:06] <TradeSnake______> Flat GC @ 1237.7 --> +3.7
[13:05:43] <@wrbtrader> Shorts Emini TF @ 1084.10 -> medium size
[13:05:56] <@wrbtrader> re-entry
[13:10:55] <@wrbtrader> Covered all Emini TF Short @ 1081.80 --> + 2.3
[13:11:03] <@wrbtrader> WRB pt1 reached
[13:13:08] <tradermo> adding 107.71
[13:13:23] <tradermo> more deltas locked in
[13:13:44] <tradermo> critical decision point
[13:13:51] <@wrbtrader> Shorts Emini ES @ 1879.50 -> large size
[13:14:28] <lightenup> Sold YM @ 16299
[13:15:10] <lightenup> Flat YM @ 16291 + 8
[13:21:08] <@wrbtrader> Shorts Emini ES @ 1880.00 -> Add
[13:24:01] <@wrbtrader> Covered 1/2 Emini ES Short @ 1879.25 --> + 0.75
[13:24:27] <@wrbtrader> my patience finally showed up after a brief rest
[13:25:38] <@wrbtrader> Covered Remainder Emini ES Short @ 1880.25 --> - 0.75
[13:25:49] <@wrbtrader> snapback
[13:26:25] <@wrbtrader> will look for a re-entry opportunity near the R area of the most recent Down WRB Hidden GAP interval if it can get there
[13:26:44] <@wrbtrader> If not, will have to wait for a retest of the S area of the same Down WRB Hidden GAP interval
[13:27:26] <@wrbtrader> Shorts Emini ES @ 1879.50 -> large size
[13:27:36] <@wrbtrader> re-entry
[13:28:02] <@wrbtrader> Emini TF trying to do a snapback again :(
[13:30:28] <tradermo> adding to iwm long 107.57
[13:32:45] <@wrbtrader> Covered all Emini ES Short @ 1879.25 --> + 0.25
[13:33:03] <@wrbtrader> another snapback
[13:33:51] <@wrbtrader> I'm not really getting anywhere here
[13:34:00] <@wrbtrader> TF is weak but not worth trading
[13:34:12] <@wrbtrader> ES is strong but really not doing much
[13:34:45] <@wrbtrader> I'm just not in the mood to spend my day constantly adjusting my trail stops to prevent losers and its resulting in just small profits
[13:35:03] <@wrbtrader> Take care all, have a nice weekend and see all on Monday
[13:35:35] <tradermo> you too, bye
[13:36:37] <tradermo> if could get interesting if we break 1877
[13:58:14] <tradermo> big guys should be back from lunch in 2 min
[14:07:58] <tradermo> adding to iwm long 107.31
[14:08:24] <tradermo> locking in deltas, letting the remaining run for gap fill
[14:08:58] <tradermo> a bit of a gamble
[15:12:46] <tradermo> exit all iwm 107.44
[15:13:11] <tradermo> likelihood of gap fill slightly increased
[15:42:32] <tradermo> not much time left, trying to scale out of iwm puts on the way down
[15:58:14] <tradermo> iwm stuck close to lows, i am done for today, good weekend all
Session Close: Fri Oct 17 19:16:34 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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