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 Post subject: November 14th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Nov 15, 2014 6:54 am 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2852
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.

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

111414-Key-Price-Action-Markets.png [ 1.27 MiB | Viewed 145 times ]

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

Session Start: Fri Nov 14 09:19:55 2014
Session Ident: ##TheStrategyLab
[09:19:55] * Now talking in ##TheStrategyLab
[09:19:55] * 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'
[09:19:55] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:19:55] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:42:41] <@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.
[09:44:18] <@wrbtrader> KMEs @ 0955am est, 1000am est, 1030am est and 1600pm est
[09:49:20] <@wrbtrader> Shorts Emini TF @ 1169.80 -> large size
[09:49:45] <@wrbtrader> 6 contracts
[09:50:42] <@wrbtrader> Covered 1/2 Emini TF Short @ 1169.40 --> + 0.4
[09:51:59] <@wrbtrader> Covered Remainder Emini TF Short @ 1170.10 --> - 0.3
[10:03:09] <t4n_paper> CL testing yesterdays Oil KME
[10:04:55] <t4n_paper> TF in 830 KME
[10:07:55] <tradermo> short iwm 117.15
[10:07:57] <tradermo> scaling in
[10:12:23] <@wrbtrader> Long Emini TF @ 1176.70 -> large size
[10:12:44] <@wrbtrader> 6 contracts
[10:14:58] <@wrbtrader> Exited all Emini TF Long @ 1176.10 --> - 0.6
[10:17:06] <tradermo> stop to breakeven 117.15
[10:26:33] <tradermo> adding to iwm short 117.01
[10:30:49] <t4n_paper> TF back at 10am KME
[10:32:16] <t4n_paper> CL retracing from yesterdays KME
[10:35:31] <tradermo> exit half iwm 116.67
[10:37:03] <@wrbtrader> Shorts Emini TF @ 1171.10 -> large size
[10:37:21] <tradermo> exit rem iwm 116.56
[10:37:24] <@wrbtrader> 6 contracts
[10:39:11] <tradermo> not expecting too much today due to friday and low volume
[10:39:23] <tradermo> but of course everything can happen :)
[10:41:24] <@wrbtrader> Covered all Emini TF Short @ 1172.60 --> - 1.5
[10:42:57] <t4n_paper> there is a cluster of KMEs around this area
[10:43:53] <Lightenup> Shorted TF @ 1172.50
[10:44:38] <Lightenup> Flat TF @ 1172.60 -.1
[11:06:22] <@wrbtrader> Long Emini TF @ 1175.30 -> large size
[11:07:07] <@wrbtrader> 5+1 contracts
[11:10:31] <@wrbtrader> :(
[11:13:21] <@wrbtrader> Exited all Emini TF Long @ 1173.70 --> - 1.6
[11:20:46] <@wrbtrader> Long Emini TF @ 1174.90 -> large size
[11:21:33] <@wrbtrader> retesting the R area of that big Down WRB Hidden GAP that occurred around 1026am est
[11:29:11] <t4n_paper> todays price action seems to be a continuation of yesterdays afternoon price action
[11:30:56] <@wrbtrader> Long Emini TF @ 1172.40 -> Add
[11:33:25] <TradeSnake______> Short GC @ 1173.5
[11:42:24] <@wrbtrader> Exited 1/2 Emini TF Long @ 1172.00 --> - 0.4
[11:44:19] <@wrbtrader> Long Emini TF @ 1172.10 -> Add
[12:02:27] <@wrbtrader> Exited all Emini TF Long @ 1172.90 --> - 1.2
[12:02:38] <@wrbtrader> correction...
[12:02:52] <@wrbtrader> That's only 1/2 for +0.8
[12:03:01] <@wrbtrader> I'm still in the losing original position
[12:04:29] <TradeSnake______> Flat GC @ 1177.7 --> -4.2
[12:13:27] <t4n_paper> good time for a break i think
[12:18:08] <@wrbtrader> geeesh...something keeps causing these brief volatility spikes
[12:31:33] <@wrbtrader> Euro adn Gold strong directional price action today
[12:31:50] <@wrbtrader> That in itself is enough info to juice up the Emini futures...
[12:32:15] <@wrbtrader> Insteady, Eminis are just lost...bouncing around from Up to Down WRB Hidden GAP intervals
[13:00:16] <@wrbtrader> Exited Remainder Emini TF Long @ 1172.60 --> - 2.3
[13:00:29] <@wrbtrader> :(
[13:00:50] <@wrbtrader> another out of nowhere volatility spike
[13:00:52] <@wrbtrader> :(
[13:04:34] <t4n_paper> CL back testing 75.4 area
[13:12:11] <@wrbtrader> CL and GC moving again while Eminis seem lost to what's occurring in other key markets
[13:52:26] <@wrbtrader> Long Emini TF @ 1172.50 -> large size
[13:53:12] <@wrbtrader> another snap back :(
[13:57:35] <@wrbtrader> Emini TF back inside the range of the most recent contracting volatility
[13:58:09] <@wrbtrader> Exited all Emini TF Long @ 1172.10 --> - 0.4
[13:58:43] <@wrbtrader> buying the breakout of the R area of the contraction didn't work...
[13:58:54] <@wrbtrader> lets see if it does a breakout of the S area
[14:02:32] <@wrbtrader> Its a breakout but not as a volatility spike...trying to retrace now
[14:02:51] <@wrbtrader> Shorts Emini TF @ 1171.80 -> large size
[14:03:14] <@wrbtrader> prior trade 6 contracts
[14:03:29] <@wrbtrader> current Short 10 contracts
[14:07:25] <tradermo> long iwm 116.60
[14:07:29] <tradermo> scaling in
[14:07:54] <@wrbtrader> Covered all Emini TF Short @ 1171.10 --> + 0.7
[14:08:06] <tradermo> hoping for slightly lower low
[14:09:56] <tradermo> stop to breakeven 116.60
[14:10:16] <tradermo> tf not strong enough
[14:20:10] <tradermo> bounce not too great, but at least big guys buying a little
[14:20:22] <tradermo> es 2034 is the key level again
[14:58:04] <@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
[15:05:39] <@wrbtrader> Shorts Emini TF @ 1171.80 -> large size
[15:05:56] <@wrbtrader> breakout below recent contraction S area
[15:06:10] <@wrbtrader> I've been having problems with this particular trade today...
[15:06:16] <@wrbtrader> I'm trying it again
[15:08:14] <@wrbtrader> Emini TF has been mostly on its own today
[15:09:31] <tradermo> lot of buying but tf weakness is back
[15:09:50] <tradermo> where is the short sqeeze when you need it :(
[15:10:26] <@wrbtrader> I think Longs and Shorts have been squeezed today :)
[15:11:03] <tradermo> yes, typical friday, i have zero expectations already :)
[15:12:01] <tradermo> hoping to close this last trade soon to get into the weekend
[15:15:06] <@wrbtrader> Covered all Emini TF Short @ 1171.80 --> 0
[15:16:56] <tradermo> exit all iwm 116.60
[15:17:44] <@wrbtrader> Long Emini TF @ 1171.20 -> large size
[15:17:47] <tradermo> ok, done for today, happy black friday weekend for everyone
[15:18:00] <@wrbtrader> 10 contracts
[15:20:23] <@wrbtrader> VIX has been mainly dead today and that's just a small part of the price action problem in the Emini futures
[15:20:55] <@wrbtrader> Eminis themselves just couldn't find enough correlation to stick together during a few key volatility spikes
[16:45:15] <t4n_paper> Are you still in this trade?
[16:45:51] <@wrbtrader> Yes
[16:46:27] <@wrbtrader> I've been doing a little more swing trades the past 2 months lately
[16:46:38] <t4n_paper> Have you noticed that end of day price action in CL?
[16:46:48] <@wrbtrader> In fact, more swing trades this year than the last 5 years together
[16:46:51] <t4n_paper> yeah, thats different
[16:47:00] <@wrbtrader> CL was flatlined
[16:47:08] <@wrbtrader> You talking about that ?
[16:47:19] <t4n_paper> no I meen CL's close
[16:47:24] <t4n_paper> at 230
[16:47:46] <t4n_paper> doesnt that look familiar like the TF EOD close?
[16:48:08] <@wrbtrader> A little
[16:48:39] <@wrbtrader> TF was on another planet today
[16:49:14] <@wrbtrader> Each time I took a trade...it almost instantly did something not recognizable
[16:49:28] <t4n_paper> i had to be those KMEs
[16:49:40] <t4n_paper> It wouldn't leave, but didnt want to stay
[16:49:47] <t4n_paper> I didnt like it
[16:49:50] <@wrbtrader> It has been happening more requently the past few month
[16:50:02] <@wrbtrader> Reason why I'm slowly doing more swing trades
[16:50:39] <@wrbtrader> Wish I did a few soon after those mid-term elections...that was a bullish market tendency for such
[16:50:45] <t4n_paper> swinging this tomonday/?
[16:51:00] <t4n_paper> to monday
[16:51:10] <@wrbtrader> Yep...I'm think I'm ready now for more normal to large size swing trades
[16:52:27] <@wrbtrader> We don't have any 0830am est KMEs on Monday...that's a good thing.
[16:52:52] <@wrbtrader> Reason why I was leaning towards the swing
[16:53:03] <@wrbtrader> Actually, we have the Empire report on Monday
[16:53:23] <@wrbtrader> It rarely attracts volatility
[16:54:09] <t4n_paper> Price today tested the low on the 12th
[16:54:50] <@wrbtrader> I kepted watching the 15min chart today...
[16:54:57] <@wrbtrader> Its extremely tight
[16:55:27] <@wrbtrader> Thus, I'm expecting a BIG volatility spike that'll result in either a trend day or strong continuation price action on Monday
[16:56:21] <@wrbtrader> This is when I like to swing trade...when the day is in a tough tight trading range like today
[16:56:32] <@wrbtrader> setups up a big gap
[16:56:55] <t4n_paper> yes it could
[16:57:03] <@wrbtrader> Take care and see you on Monday...the 10 contracts swing
[16:57:17] <t4n_paper> alright take care
[16:57:26] <t4n_paper> seeya monday
Session Close: Fri Nov 14 20:05:12 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
Go Back To TheStrategyLab.com Homepage

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