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 Post subject: October 24th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Oct 24, 2014 5:50 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2480
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:
102414-Key-Price-Action-Markets.png
102414-Key-Price-Action-Markets.png [ 1.35 MiB | Viewed 56 times ]

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

Session Start: Fri Oct 24 09:24:44 2014
Session Ident: ##TheStrategyLab
[09:24:44] * Now talking in ##TheStrategyLab
[09:24:44] * 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'
[09:24:44] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:24:45] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:25:40] <Cayden> KME- 10:00 east-top of hour- New Home Sales
[09:25:46] <Cayden> GM
[09:33:23] <jpan> 5.5l
[09:38:15] <jpan> 12.25 outr half
[09:38:34] <tradermo> exit 1/5 iwm 111.10
[09:38:59] <tradermo> exit 1/4 of rem iwm 111.20
[09:39:16] <jpan> 12.5 out 2
[09:39:22] <jpan> holding 1 left
[09:39:46] <jpan> 07 stop
[09:42:41] <jpan> 18 all out
[09:43:20] <jpan> tired, done today, need more zzz
[09:44:35] <wrbtrader> Long Emini TF @ 1116.30 -> medium size
[09:44:52] <wrbtrader> 2+3 contracts
[09:45:42] <wrbtrader> Emini TF struggling too much
[09:46:29] <wrbtrader> Exited all Emini TF Long @ 1116.50 --> + 0.2
[09:46:37] <Cayden> sell tails on the SPY
[09:46:43] <Cayden> 2 minute
[09:47:23] <wrbtrader> trade became too risky after entry...volatility declining and TF having problems pushing higher...
[09:47:25] <Cayden> TF- IWM looks stongest out of the group
[09:47:42] <wrbtrader> If it can drop and then regain some volatility...I'll do a re-entry
[09:48:33] <Cayden> rt 200 and ru50 sinking ahead of the tf and iwm
[09:50:13] <wrbtrader> Shorts Emini TF @ 1115.00 -> medium size
[09:50:24] <wrbtrader> 3+1 contracts
[09:50:43] <wrbtrader> volatility suspiciously "too low" right now
[09:51:02] <wrbtrader> It just now spiked...something is going on
[09:52:37] <wrbtrader> WRB pt1 reached
[09:52:38] <Cayden> yep- voltility and price together- weird
[09:53:32] <wrbtrader> Covered 1/2 Emini TF Short @ 1112.50 --> + 2.5
[09:55:27] <@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.
[09:56:51] <@wrbtrader> KME @ 1000am est
[09:57:33] <@wrbtrader> tightning stop loss
[09:58:21] <Cayden> new home sales - or another way to put it-new morgages
[09:58:30] <@wrbtrader> trailing @ profit
[09:58:37] <jpan> 08 sell stop waiting
[09:59:03] <@wrbtrader> WRB pt2 reached
[09:59:06] <jpan> fiilled
[09:59:35] <jpan> 5 out half
[10:00:07] <jpan> 7 all out
[10:00:17] <jpan> scalp
[10:00:31] <@wrbtrader> Covered Remainder Emini TF Short @ 1112.70 --> + 2.3
[10:00:51] <Cayden> nice start
[10:01:22] <jpan> 10.5l
[10:01:31] <@wrbtrader> Emini TF back inside the range of its most recent Down WRB Hidden GAP interval
[10:01:40] <jpan> 13 out 1
[10:01:48] <@wrbtrader> 1min chart interval
[10:02:05] <jpan> 9.75 out
[10:02:06] <@wrbtrader> It retested the R area of that Down WRB HG
[10:02:35] <@wrbtrader> Shorts Emini TF @ 1112.20 -> small size
[10:02:38] <Cayden> short looks good now
[10:02:47] <@wrbtrader> 3 contracts
[10:02:56] <jpan> yepo it does
[10:03:02] <jpan> @ PP
[10:03:18] <Cayden> lets see it break the lod at 1111
[10:03:42] <Cayden> im jealous
[10:03:59] <tradermo> adding to iwm long 110.61
[10:04:02] <Cayden> i meant - envious-
[10:04:47] <@wrbtrader> trailing @ profit
[10:06:31] <@wrbtrader> Covered 2/3 Emini TF Short @ 1109.00 --> + 3.2
[10:06:41] <tradermo> adding to iwm long 110.45
[10:07:01] <tradermo> locking in deltas from puts still
[10:07:12] <Cayden> time to look at longer intervals
[10:07:46] <@wrbtrader> Covered Remainder Emini TF Short @ 1109.70 --> + 2.5
[10:08:11] <@wrbtrader> early exit...not a WRB pt1
[10:09:27] <Cayden> if it works- there are some attractive open reg session gaps this past week
[10:11:36] <Cayden> maybe we's hit those marks with some additional Ebola type news- that and head slashing type of 'shinola...
[10:12:02] <jpan> 2.75l
[10:12:51] <tradermo> i am still eying es 1962, but if we break 1935 gap fill is a possibility
[10:13:17] <jpan> 7.5 out half
[10:13:22] <@wrbtrader> Canadian Parliment shooting, New York Ebola and the Crazy Man Ax to Policeman Head...
[10:13:34] <@wrbtrader> I'm surprised we don't have more volatility then this
[10:13:49] <jpan> 4.5 stop
[10:14:23] <jpan> pop
[10:14:23] <@wrbtrader> Those are enough events to bring some FEAR into the markets
[10:15:25] <jpan> 8 all out
[10:15:29] <jpan> err, 9
[10:18:52] <tradermo> exit 1/5 iwm 110.96
[10:19:07] <Cayden> price challenging the most recent large down wrbhg on the 1 min tf
[10:20:21] <jpan> 15l buystop waiting
[10:22:07] <Cayden> perhaps half as crazed type of PA from a couple weeks ago-
[10:27:42] <Cayden> BBL
[10:31:40] <jpan> 11.5l eraly entry
[10:33:52] <jpan> 16 out half
[10:34:27] <jpan> 19 tgt
[10:35:11] <tradermo> exit 1/4 of rem iwm 110.95
[11:32:10] <Cayden> RUT now showing bullish divergent signal- perhaps
[11:32:22] <Cayden> woops
[11:35:00] <tradermo___> es clearly want to go to 1962 but weakness in tf could be a problem
[11:36:05] <tradermo___> weakness from last few days seems to continue so far
[11:42:06] <Cayden> looking at 10:00am east 5 minute IWM & RUT Candle- perhaps a good downside target and open WRB Zone for later biz
[11:43:09] <tradermo___> exit all iwm 110.79
[11:43:28] <Cayden> BBL
[11:43:43] <t4n> TF trying to break free of that tight price action
[11:44:12] <tradermo___> yes, let's see if it can :)
[11:45:48] <tradermo___> hoping to rebuy iwm lower
[11:46:12] <@wrbtrader> Long Emini TF @ 1112.60 -> small size
[12:02:14] * tradermo___ is now known as tradermo
[12:07:34] <@wrbtrader> Exited all Emini TF Long @ 1112.20 --> - 0.4
[12:13:31] <Cayden> i do not get a bullish sense here.
[12:15:10] <tradermo> adding more iwm puts here
[12:15:29] <t4n> It finaly broke through those stubborn shorts
[12:16:33] <tradermo> yes, these stubborn shorts can life miserable
[12:17:49] <t4n> Around 1112.3 i thought buyers were making a weak final push, but it actually took hold
[12:18:31] <tradermo> now we are getting closer to es 1962 - old gap fill target
[12:21:47] <tradermo> probably needs to wait till after lunch
[12:26:06] <TradeSnake______> Long GC @ 1230.8
[12:29:26] <tradermo> long iwm 110.81
[12:29:37] <tradermo> locking in deltas
[12:30:16] <Cayden> nq starting to peak under the HOD
[12:30:40] <Cayden> rather- probe under the hod
[12:34:06] <@wrbtrader> Long Emini TF @ 1112.90 -> small size
[12:36:22] <@wrbtrader> Exited Emini TF Long @ 1113.00 --> + 0.1
[12:36:38] <@wrbtrader> trade error on the entry...lucky to get out with a profit
[12:36:44] <@wrbtrader> 1 contract
[12:51:32] <tradermo> adding iwn long 110.70
[13:15:07] <tradermo> needs to watch es 1947 - line in the sand
[13:15:41] <tradermo> break below would invalidate long hypothesis and downside gaps may come into play
[13:39:02] <tradermo> exit 1/3 iwm 110.90
[14:02:31] <Cayden> thats one narly candle on oil, CL
[15:03:31] <Cayden> U Guys all have a great weekend-
[15:03:39] <tradermo> exit half of rem iwm 111.05
[15:03:51] <t4n> finaly broke those shorts
[15:04:29] <Cayden> yep- checj out the picture perfect top trend line on the IWM too.
[15:04:38] <Cayden> 5 minute
[15:04:43] <Cayden> L8TR
[15:04:54] <t4n> cya
[15:05:05] <@wrbtrader> Long Emini TF @ 1114.80 -> small size
[15:06:53] <@wrbtrader> Easy going trading day for me because its been unusual trading month for me...
[15:07:22] <@wrbtrader> I'm just trying to coast (easy) for the remainder of the month
[15:07:47] <tradermo> exit rem iwm 111.01
[15:08:02] <@wrbtrader> To do this I will try to be agressive in the morning's only and then just very few trades in the late after noon trading session
[15:09:18] <tradermo> early exit due to other equity longs which have better strength
[15:11:37] <@wrbtrader> Emini TF futures nearing the S area of its most recent Up WRB Hidden GAP interval
[15:12:05] <lightenup> Long TF @ 1114.00
[15:13:21] <@wrbtrader> TF price action bounced off the S area
[15:13:39] <@wrbtrader> Exited Emini TF Long @ 1114.30 --> - 0.5
[15:14:43] <lightenup> Flat TF @ 114.10 +.1
[15:15:30] <@wrbtrader> Shorts Emini TF @ 1113.90 -> small size
[15:15:38] <@wrbtrader> 3 contracts
[15:16:05] <@wrbtrader> WRB Analysis -> - Chat room for day traders, swing traders, position traders using concepts from WRB Analysis such as contracting volatility, key market event (KME), reaction high/low, WRB, WRB Hidden GAP, WRB Zone, WRB pt levels to help improve understanding of the price action their trading and/or improve the performance of their trade signal strategies while price action trading. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718 or http://www.twileshare.com/user/wrbtrader
[15:17:09] <@wrbtrader> Price action trying to get back to the S area after falling below it
[15:17:24] <t4n> Back in that range
[15:17:46] <@wrbtrader> Yes...that prior difficult trading range kepted me on the sidelines
[15:18:13] <@wrbtrader> volatility tighning up now just like it was during that range :(
[15:18:27] <@wrbtrader> enough to spook me out of this trade
[15:18:29] <t4n> i watched it all :(
[15:19:41] <@wrbtrader> Covered 2/3 Emini TF Short @ 1113.70 --> + 0.2
[15:21:52] <@wrbtrader> Covered Remainder Emini TF Short @ 1113.20 --> + 0.7
[15:21:58] <t4n> missed my short attempt at 13.8
[15:22:00] <@wrbtrader> WRB pt1 reached
[15:22:20] <@wrbtrader> Take care all, have a nice/safe weekend and see all on Monday
[15:22:29] <t4n> seeya
[15:23:09] <t4n> if everyone checks out during the congestion area, could be quite booring till close
[15:48:51] <tradermo> scaling out of equity longs
[15:52:31] <tradermo> es 1962 not reached yet so keeping remaining over the weekend
[15:52:43] <tradermo> need to go, bye everyone
Session Close: Fri Oct 24 18:29:37 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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