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 Post subject: October 20th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Oct 21, 2014 7:02 pm 
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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
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:
102014-Key-Price-Action-Markets.png
102014-Key-Price-Action-Markets.png [ 1.47 MiB | Viewed 320 times ]

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

Session Start: Mon Oct 20 09:29:09 2014
Session Ident: ##TheStrategyLab
[09:29:09] * Now talking in ##TheStrategyLab
[09:29:09] * 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'
[09:29:09] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:29:09] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:32:15] <tradermo> short nq 3802
[09:32:53] <tradermo> stop to breakeven 3802
[09:32:56] <jpan> 98s
[09:33:37] <jpan> 96 out 1
[09:34:44] <tradermo> exit all nq 3802
[09:34:55] <jpan> 02 all out
[09:35:52] <jpan> 5.75l
[09:37:16] <jpan> 2.5 stop
[09:37:39] <tradermo> short ym 16205
[09:38:20] <jpan> 10 out half
[09:39:27] <jpan> 12 out 1
[09:40:00] <jpan> 14 all out
[09:40:55] <wrbtrader> Good morning all
[09:41:12] <tradermo> exit all ym 16235
[09:41:31] <Cayden> GM wrbtrader
[09:42:10] <Tigerman__> gm all
[09:42:58] <Cayden> GM T
[09:43:31] <wrbtrader> Long Emini ES @ 1085.10 -> medium size
[09:43:44] <wrbtrader> Not ES...
[09:43:46] <jpan> 15l
[09:44:08] <wrbtrader> will repost trade
[09:44:47] <jpan> 20 out half
[09:45:08] <tradermo> short ym 16247
[09:45:13] <jpan> 24 out 1
[09:45:29] <wrbtrader> Exited all Emini TF Long @ 1086.00 --> + 0.9
[09:48:29] <tradermo> stop to breakeven 16247
[09:48:45] <@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.
[09:49:44] <jpan> 14.5l add
[09:51:34] <jpan> 22.5 out half
[09:52:58] <jpan> might reach to last fri nhighs
[09:53:23] <jpan> bounced off vwap
[09:54:28] <jpan> 12.5 stop
[09:56:29] <jpan> @vwap again
[09:57:37] <jpan> 14.75 re4 long
[09:58:37] <Cayden> Market looks to jump start ahead of KME
[09:58:40] <jpan> 20 add
[09:58:59] <tradermo> exit all ym 16247
[09:59:05] <jpan> hope that was a short trap
[10:00:05] <tradermo> short iwm 108.11
[10:00:25] <jpan> 26 out half
[10:01:23] <Cayden> 1st of the 2 - 2 minute wrbhg on the TF still unfilled
[10:03:42] <jpan> 28 out 2
[10:05:43] <jpan> 30.75 out 1
[10:07:11] <tradermo> stop to breakeven 108.11
[10:07:22] <jpan> 23 all out
[10:10:36] <jpan> 20.5l
[10:15:57] <tradermo> exit all iwm 108.11
[10:15:58] <jpan> 23.25 add
[10:17:30] <jpan> 20.25 lighten
[10:18:22] <Cayden> pretty tight range here- and a much calmer market so far
[10:20:18] <jpan> 18.5 stop
[10:20:35] <jpan> shouldf breakup side
[10:20:54] <jpan> based on larger TF
[10:20:58] <jpan> timeframe
[10:21:33] <jpan> 29 out 2
[10:21:52] <tradermo> short iwm 108.11
[10:22:59] <jpan> holding 2 left for trail up to 37.5
[10:24:17] <jpan> nice beartrap, lets go up now
[10:26:28] <jpan> this makes up triple for last fridays loss =)
[10:28:15] <@wrbtrader> Long Emini TF @ 1086.60 -> medium size
[10:28:37] <jpan> 32.25l add
[10:28:51] <jpan> light
[10:29:02] <jpan> dont liek to increase ave cost too high
[10:31:43] <jpan> @R1
[10:31:54] <@wrbtrader> Exited all Emini TF Long @ 1086.30 --> - 0.3
[10:31:56] <jpan> minor R
[10:33:20] <jpan> 28 all out
[10:33:48] <jpan> didnt like the way it jumped so quick, felt liek news
[10:34:34] <@wrbtrader> very tight trading range on low volatility the past 15 minutes
[10:36:28] <jpan> 32l light
[10:38:17] <jpan> possible absorbtion here, if not, stop @ 28
[10:40:29] <jpan> also possible bull flag forming on 5m
[10:41:36] <jpan> out 28
[10:44:07] <jpan> 31.25l medium
[10:45:01] <jpan> bull flag unfolding now with WRB up HG
[10:46:50] <jpan> 27 stop
[10:51:38] <jpan> now its choppy.. thats fine, im done
[11:12:37] <Cayden> Range Trade Time- another tuff day at the office I guess
[11:15:11] <Cayden> Price structure looks mildly bullish - The 'little' Market that could. Chugging along...chu chu. :-)
[11:31:21] <TradeSnake______> Short GC @ 1244.4
[11:56:38] <@wrbtrader> Hey vanman...you made it in via crossing the burning coals and cobra filled snake pit
[11:56:41] <@wrbtrader> :)
[11:57:26] <@wrbtrader> Gold GC futures quiet now...
[11:57:52] <vanman65_> oh man I did
[11:57:53] <@wrbtrader> Oil CL futures found a bottom and trying to push (retrace) back upwards
[11:58:25] <@wrbtrader> Emini futures in a strong sideways low volatility range price action since 1045am est
[11:59:08] <@wrbtrader> not much to do now (boring)...time for go to lunch
[12:00:12] <@wrbtrader> Gold Bulls Lured Back for First Time in Two Months: Commodities (bloomberg) @ http://www.bloomberg.com/news/2014-10-1 ... ities.html
[12:00:34] <@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
[12:01:08] <@wrbtrader> Dollar Drops Versus Higher-Yielding Peers; Ruble Slides (bloomberg) @ http://www.bloomberg.com/news/2014-10-1 ... limbs.html
[12:03:06] <@wrbtrader> Forex EurUsd rangebound since late Friday although its recently trying to push higher via the higher lows of its most recent reaction points
[12:03:10] <@wrbtrader> 15min chart analysis
[12:13:40] <@wrbtrader> calm weekend and lack of morning KMEs is making this a quiet boring tradind day
[12:24:12] <tradermo> mostly focused on equities today, some good opportunities there
[12:27:15] <tradermo> if we cannot move to es 1899 today it would be bearish sign
[12:30:22] <@wrbtrader> I know as soon as I take a break and go for walk...a strong continuation price action with WRB Hidden GAPs will show up in the Emini TF and other futures
[12:30:25] <@wrbtrader> :(
[12:30:39] <@wrbtrader> Take care and be back later...lunch time and rest
[12:30:49] <tradermo> cool, then just do that :)
[12:31:00] <tradermo> there it is
[12:42:31] <tradermo> exit all iwm 108.20
[12:42:53] <tradermo> looking to short higher
[13:12:28] <Tigerman__> take care all see next time
[13:38:28] <tradermo> short iwm 108.29
[14:11:55] <@wrbtrader> Long Emini TF @ 1087.50 -> small size
[14:12:07] <tradermo> adding to iwm short 108.40
[14:12:17] <@wrbtrader> 3 contracts
[14:13:01] <tradermo> also trying to get into some iwm puts on the way to es 1899
[14:16:04] <@wrbtrader> Exited all Emini TF Long @ 1087.10 --> - 0.4
[14:21:14] <@wrbtrader> Long Emini TF @ 1086.70 -> small size
[14:21:25] <@wrbtrader> 3 contracts
[14:21:27] <@wrbtrader> re-entry
[14:22:26] <tradermo> need a bit of a sqeeze to get option fill, but tf seems just too weak
[14:28:08] <vanman65_> tf unsure what it wants to do
[14:40:38] <Cayden> market trying to make us forget the past two weeks
[14:43:31] <@wrbtrader> Exited all Emini TF Long @ 1086.80 --> + 0.1
[14:44:05] <tradermo> big guys still buying here
[14:44:13] <@wrbtrader> more and more low volatility price action...
[14:44:24] <@wrbtrader> This will pop soon
[14:44:40] <@wrbtrader> I'm going to jump on the tail of any volatility spike
[14:45:23] <@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.
[15:01:27] <tradermo> exit half iwm 108.40
[15:06:24] <tradermo> adding to iwm short 108.47
[15:08:29] <Cayden> these minor spikes have been met with consistant retracment
[15:08:36] <tradermo> adding to iwm short 108.48
[15:09:13] <tradermo> es 1899 getting closer, but only 4% of options filled :(
[15:09:23] <Cayden> this current move is the most consistantly 'green'
[15:09:50] <@wrbtrader> Emini TF retracing back to the reaction high of 1088.00 from 1416pm est :(
[15:10:26] <@wrbtrader> We have the increasing volatility and to movement above the reaction high...
[15:10:34] <@wrbtrader> It just needs to stay above it
[15:11:03] <Cayden> yep- this bullish energy looks the best so far...in my eye balls
[15:17:23] <jimfenster> man are these ranges tight
[15:19:20] <jpan> tf looks soo choppy today compared to NQ today lol
[15:21:40] <jimfenster> like a horizontal range of 2 points
[15:21:50] <@wrbtrader> Shorts Emini TF @ 1086.40 -> small size
[15:22:18] <@wrbtrader> 1+2 contracts
[15:23:55] <@wrbtrader> Usually when TF shrinks back inside a prior tight trading range...it'll pick up steam if it nears the S area of that tight trading range...
[15:24:17] <@wrbtrader> Its not doing such now...just the price action getting tighter again instead of expanding
[15:25:33] <jpan> what time frame? 1m?
[15:25:38] <@wrbtrader> Any
[15:25:52] <@wrbtrader> Any less than 15 minute
[15:26:16] <@wrbtrader> 15 minute and above shows to real contraction in the volatility
[15:26:50] <@wrbtrader> Its bad as in extremely low but we need to keep it in perspective because its being compared to the prior trading days that had CRAZY volatility
[15:29:44] <jpan> i feel price action precedes expanding volatility especially if there was a significant area that failed before
[15:30:46] <@wrbtrader> I'm going to hold this trade
[15:30:58] <@wrbtrader> Take care all and see all tomorrow
[15:31:10] <jimfenster> later
[15:31:12] <Cayden> L8TR
[15:31:14] <jpan> failed on pop of 88.5, so should go down more unless it breaks that area again
[15:31:38] <jpan> later
[15:32:22] <Cayden> to quiet to 'short' Its too much the 'little market that could' Chu Chu...
[15:33:23] <tradermo> finally all iwm puts filled
[15:34:06] <jpan> good r.r at 88 TF
[15:34:15] <jpan> good short perhaps
[15:34:59] <jpan> 87.8s TF paper
[15:35:48] <jpan> not trading real TF since im not acclaimated with its movements
[15:37:12] <tradermo> exit all iwm 108.40
[15:37:17] <jpan> 88.8 stop
[15:37:49] <tradermo> options should be enough
[15:38:50] <tradermo> thinking that a tag of es 1899 might be still possible
[15:39:19] <jpan> 1085 tgt
[15:39:31] <Cayden> TF reminds me of a sports car . it can move through traffic fast and quicker than the others
[15:40:11] <tradermo> yes, very nice, also easy to drive too fast :)
[15:43:27] <lightenup> long ym @ 13301
[15:44:50] <lightenup> Flat Ym@ 13301 +1
[15:44:55] <jpan> glad im only testdriving this sporty TF lol
[15:45:35] <jpan> wrbtrader wont be too happy tmw if it finishes on new highs
[15:45:42] <Cayden> ru50, rt200, rua took the whole day to do what the TF and IWM did in the first 15 minutes.
[15:46:25] <lightenup> Should have given it another minute.
[16:03:56] <Cayden> C U katz tomorrow
[16:04:59] <TradeSnake______> Add to GC Short @ 1246.7
[18:44:50] <@wrbtrader> Just got back home...
[18:45:10] <@wrbtrader> That Short position didn't last into the overnight trading session :(
[18:46:23] <@wrbtrader> -4 point stop hit
[18:47:16] <@wrbtrader> Too bad I wasn't here to exit that earlier for a loss around 1535pm est and/or reverse it into a Long position @ 1535pm est
[18:48:02] <@wrbtrader> See all tomorrow morning...if the KME's are exciting in the morning...I will trade earlier before the 0930am est regular session
Session Close: Mon Oct 20 18:48:16 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)
Skype Messenger: kebec2002
intradaystrategies@yahoo.com
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


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