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 Post subject: October 21st Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Oct 21, 2014 7:05 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:
102114-Key-Price-Action-Markets.png
102114-Key-Price-Action-Markets.png [ 1.33 MiB | Viewed 265 times ]

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

Session Start: Tue Oct 21 09:26:38 2014
Session Ident: ##TheStrategyLab
[09:26:38] * Now talking in ##TheStrategyLab
[09:26:38] * 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'
[09:26:38] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:26:38] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:27:32] <MattyR> good morning all
[09:28:41] <jpan> gm
[09:28:49] <wrbtrader> Good morning all
[09:29:20] <lightenup> good morning
[09:29:22] <tradermo_> gm
[09:29:46] <Tigerman__> gm all
[09:29:53] <Cayden> KME's-10:00 and 11:30 east
[09:29:59] <Cayden> GM
[09:33:08] <jpan> 2.75l light
[09:34:12] <jpan> 8 out
[09:35:55] <jpan> 10l light
[09:36:23] <tradermo_> short iwm 109.35
[09:36:25] <wrbtrader> Long Emini TF @ 1097.20 -> large size
[09:36:42] <wrbtrader> 5+1 contracts
[09:36:48] <jpan> 8.5 stop
[09:37:05] <jpan> out
[09:37:51] <MattyR> long crude @ 82.97
[09:37:59] <MattyR> 2 contracts
[09:39:00] <Tigerman__> lg iwm 109.37
[09:39:21] <wrbtrader> Exited 1/2 Emini TF Long @ 1098.50 --> + 1.3
[09:39:32] <Tigerman__> exit all iwm 109.44 +7 tk intuit
[09:40:06] <wrbtrader> Exited Remainder Emini TF Long @ 1098.60 --> + 1.4
[09:40:55] <wrbtrader> By the way, I was stopped out of that overnight hold on that Short position (3 contracts) soon after I called it quits early...
[09:41:01] <wrbtrader> -4 points
[09:41:18] <jpan> ouch
[09:41:30] <wrbtrader> just 3 contracts...no biggie
[09:41:38] <MattyR> exit crude + 1 tick
[09:41:43] <jpan> yea not too bad
[09:42:04] <tradermo_> stop to breakeven 109.37
[09:42:26] <Cayden> going to persuade you to get quanitative data for those ON positions.
[09:43:09] <tradermo_> exit all iwm 109.37
[09:43:10] <wrbtrader> What's a ON positions and you talking to tradermo ?
[09:43:36] <Cayden> wrbtrader- ON = over night
[09:43:59] <Cayden> meant it for you wrbtrader
[09:44:09] <wrbtrader> Long Emini TF @ 1098.70 -> large size
[09:44:30] <tradermo_> short ym 16386
[09:44:37] <wrbtrader> 6+1+1 contracts
[09:45:07] <jpan> 7.75l
[09:45:11] <wrbtrader> Cayden...should be easy...I rarely do overnight holds in Emini futures
[09:45:41] <wrbtrader> Like 1 per year
[09:46:22] <wrbtrader> Exited 1/2 Emini TF Long @ 1099.60 --> + 0.9
[09:46:59] <wrbtrader> Exited Remainder Emini TF Long @ 1099.10 --> + 0.4
[09:47:45] <wrbtrader> Emini TF just ran out of steam when it popped above 1100.00 price area
[09:48:36] <jpan> 5l add
[09:48:47] <Cayden> yep- ON stuff- maybe 1 or 2 a month- MAYBE! historical leaps of faith do not make sense unless WRB analysis is also applied- and so long as the The Russians don't invade Crimea on a ON long.
[09:50:25] <jpan> 15 out half
[09:50:58] <wrbtrader> Russians don't need to invade...they seem happy to just shoot down ANY type of airplane flying near the Crimea airspace :(
[09:50:59] <Tigerman__> lg iwm 109.53
[09:51:52] <wrbtrader> Russia markets not doing so hot these days...
[09:52:24] <wrbtrader> I'm sure the news about one of their Oil monguls killed in that plane crash isn't going to help their markets
[09:53:53] <Cayden> NQ, ES and TF all trading close to or above the ON highs- YM chugging
[09:54:21] <wrbtrader> Their stock market is up today but still close to the reaction lows of August
[09:56:02] <jpan> 11l add
[09:56:12] <wrbtrader> Brent Oil and WTI CL futures have settle down into the range of their most recent unfilled Up WRB Hidden GAP interval (near the R area) via the 5min chart
[09:56:44] <Tigerman__> exit all iwm 109.57 +4 tk
[09:59:03] <Cayden> KME- 1 minute- top of the hour here
[09:59:23] <Cayden> I've heard stories where Stalin would make people trade american futures in an interest for western monies- if they were good at it good- if not - off to Siberia. Part of the story is how good they became at trading. IDK?
[10:00:13] <wrbtrader> Off to Siberia isn't bad for traders in comparison to China...
[10:00:20] <wrbtrader> China does executions
[10:00:55] <TradeSnake______> Long GC @ 1251.5
[10:01:09] <jpan> 9.5 all out
[10:01:22] <wrbtrader> The last trader executed a few years ago was a "rogue trader" that lost a few hundred million in un-authorized trades
[10:02:11] <MattyR> not surprised he lost with that sort of pressure
[10:02:18] <wrbtrader> If that can't keep someone discipline as a trader via executions...nothing can.
[10:02:22] <Cayden> and China charges the family for the bullet that they use in the execution-
[10:02:30] <wrbtrader> ooouch
[10:02:30] <jpan> lol
[10:03:08] <tradermo_> sto pto breakeven 16386
[10:03:25] <Cayden> and I thought wrbhg studies required disipline- geech!
[10:03:32] <tradermo_> exit all ym 16386
[10:05:12] <wrbtrader> WRB Analysis doesn't involve discipline but I would have flown over there and sat next to him with baseball bat to keep him on the "discipline path" for a million dollar fee.
[10:05:37] <wrbtrader> At least he'll be alive today but bruised
[10:05:47] <MattyR> ha ha
[10:06:05] <Cayden> that's fair too.
[10:12:43] <jpan> 11l
[10:13:18] <tradermo_> short nq 3912
[10:16:31] <Tigerman__> lg iwm 109.89
[10:16:38] <lightenup> 1st wrb hg tf 2 min
[10:16:41] <Tigerman__> late entry hope x some vola
[10:17:02] <jpan> wrb HG gap on 1k charts
[10:17:27] <tradermo_> sto pto breakeven 3912
[10:17:41] <jpan> 8 out
[10:17:41] <Tigerman__> exit all 80 -9 tk
[10:18:44] <tradermo_> exit all nq 3912
[10:20:07] <jpan> choppy as hell
[10:20:11] <jpan> im done for now
[10:26:36] <tradermo_> short ym 16402
[10:28:49] <wrbtrader> Long Emini TF @ 1103.40 -> small size
[10:28:54] <wrbtrader> 2 contracts
[10:29:50] <wrbtrader> volatility declining a lot now...contracting
[10:30:00] <wrbtrader> reason why I dramatically lowered my position size
[10:30:37] <Tigerman__> long iwm 109.95
[10:32:10] <wrbtrader> Exited all Emini TF Long @ 1103.90 --> + 0.5
[10:32:19] <Tigerman__> exit 1/2 110 +5tk
[10:32:19] <wrbtrader> WRB pt1 (shallow) reached
[10:33:21] <Tigerman__> exit all iwm 109.97 +2 tk
[10:33:31] <tradermo_> stop to breakeven 13402
[10:37:57] <Tigerman__> lg iwm 110
[10:38:05] <Tigerman__> just contracting
[10:39:14] <Tigerman__> exit 110.03 +3 tk
[10:39:49] <tradermo_> removing stop
[10:40:47] <tradermo_> stop back to 16426
[10:44:56] <Tigerman__> lg 110.12 iwm
[10:45:19] <Tigerman__> follow the up move intuition
[10:46:19] <Tigerman__> exit 1/2 110.17 +5tk
[10:46:33] <tradermo_> stop to ym 16427 - one tick more
[10:46:52] <Tigerman__> exit all rem 110.13 +1 tk
[10:48:32] <Tigerman__> lg 110.16
[10:49:50] <Tigerman__> exit all 110.21 + 5tk
[11:01:37] <Tigerman__> lg 110.12
[11:03:57] <Tigerman__> exit all iwm 110.15 + 3tk
[11:04:04] <tradermo_> ym stop to 16431
[11:06:45] <tradermo_> es need to get to 1925 to make the bulls feel safe
[11:09:57] <tradermo_> exit all ym 16431
[11:10:03] <tradermo_> short iwm 110.12
[11:10:20] <Tigerman__> take care all see next time
[11:11:33] <tradermo_> iwm stop at 110.51 - back later
[11:34:01] <TradeSnake______> Flat GC @ 1251.7 --> +0.2
[11:54:27] <tradermo_> now es 1925 needs to hold for the bulls, tf is very weak
[11:55:10] <Cayden> yep
[12:29:55] <tradermo_> stop to breakeven 110.11
[12:36:59] <Cayden> catch U Katz in a bit
[12:42:21] <tradermo_> exit half iwm 109.96
[12:43:44] <tradermo_> exit rem iwm 109.93
[12:44:43] <tradermo_> looking to scale into more iwm puts on the way to es 1935
[13:19:25] <wrbtrader> Shorts Emini TF @ 1102.20 -> small size
[13:19:45] <wrbtrader> 1 contract
[13:21:34] <tradermo_> long nq 3932
[13:21:41] <tradermo_> small guys selling
[13:23:05] <wrbtrader> Covered Emini TF Short @ 1101.80 --> + 0.4
[13:29:30] <tradermo_> stop to breakeven 3932
[13:32:39] <tradermo_> exit all nq 3939
[13:34:51] <tradermo_> still scaling into iwm puts on the way to es 1935
[13:35:58] <wrbtrader> Long Emini TF @ 1104.80 -> small size
[13:36:10] <wrbtrader> 1 contract
[13:36:28] <wrbtrader> Long Emini TF @ 1104.80 -> Add
[13:36:36] <wrbtrader> 2 added
[13:37:30] <@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.
[13:38:42] <tradermo_> big guys not so eager to buy, maybe still at lunch ?
[13:45:35] <@wrbtrader> Exited 2/3 Emini TF Long @ 1105.40 --> + 0.6
[13:45:57] <@wrbtrader> Exited Remainder Emini TF Long @ 1105.70 --> + 0.9
[14:07:47] <@wrbtrader> Long Emini TF @ 1107.50 -> small size
[14:07:59] <@wrbtrader> 3 contracts
[14:08:05] <@wrbtrader> :(
[14:14:10] <@wrbtrader> Exited all Emini TF Long @ 1106.60 --> - 0.9
[14:15:21] <@wrbtrader> Long Emini TF @ 1107.30 -> small size
[14:15:43] <@wrbtrader> 1+2 contracts
[14:16:14] <@wrbtrader> re-entry near that reaction high of 1142pm est
[14:16:44] <@wrbtrader> although I couldn't get fills @ 1106.90
[14:17:59] <tradermo_> adding a few more iwm puts here
[14:18:59] <tradermo_> big guys should be back from lunch, strange that they are hesitating to buy
[14:20:33] <@wrbtrader> Exited all Emini TF Long @ 1107.70 --> + 0.4
[14:24:43] <Cayden> thanks for sharing the 11:42 reaction high comment
[14:40:08] <@wrbtrader> Long Emini TF @ 1108.30 -> small size
[14:41:17] <@wrbtrader> Exited all Emini TF Long @ 1108.30 --> 0
[14:41:23] <@wrbtrader> be back later
[14:53:38] <@wrbtrader> Emini TF futrues inside the range of the 3min chart Up WRB Hidden GAP interval of 1406pm - 1409pm est
[14:54:23] <@wrbtrader> Long Emini TF @ 1106.90 -> small size
[14:54:36] <@wrbtrader> 3 contracts
[14:57:06] <@wrbtrader> Exited all Emini TF Long @ 1107.00 --> + 0.1
[15:00:10] <@wrbtrader> lots of contracting volatility today in the Eminis
[15:03:09] <@wrbtrader> Long Emini TF @ 1107.50 -> small size
[15:03:36] <@wrbtrader> 1+1 contracts
[15:04:25] <@wrbtrader> S area of the most recent Down WRB Hidden GAP interval @ 1107.30 via the 1min chart
[15:04:47] <@wrbtrader> Emini TF now retesting the R area of the same WRB HG
[15:06:22] <@wrbtrader> WRB pt1 reached
[15:06:41] <@wrbtrader> Exited all Emini TF Long @ 1108.00 --> + 0.5
[15:21:51] <tradermo_> still scaling into iwm puts till es 1935
[15:22:20] <tradermo_> recall es 1938 is bullish territory
[15:24:05] <tradermo_> short iwm 110.58
[15:24:22] <tradermo_> temp short to wait for full option fill
[15:28:28] <@wrbtrader> volatility has been slowly increasing in Gold GC futures as it continues to decline
[15:28:46] <@wrbtrader> at least 1 - 2 Down WRB Hidden GAPs the past hour
[15:33:17] <tradermo_> stop to breakeven 110.58
[15:36:35] <Cayden> i counted a couple wrbhg on GC on a 4 minute the past hour
[15:39:09] <tradermo_> exit half iwm 110.33
[15:40:29] <tradermo_> exit rem iwm 110.34
[15:41:19] <Cayden> GC looks like it MIGHT print a higher low on the day though...that is one hell of a sell tell though...
[15:47:32] <Cayden> correction...GC did print a higher close on its reg session- just goes to show you what little I know about /GC's market hours
[15:55:20] <tradermo_> iwm still very weak as we can seen in the last 4 2min wrb hgs which did not make much progress
[16:23:28] <Cayden> C U Katz tomorrow
[17:01:14] <@wrbtrader> Take care all and see all tomorrow
Session Close: Tue Oct 21 18:04:18 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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