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 Post subject: November 21st Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Nov 21, 2014 5:27 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:
112114-Key-Price-Action-Markets.png
112114-Key-Price-Action-Markets.png [ 1.51 MiB | Viewed 260 times ]

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

Session Start: Fri Nov 21 09:20:10 2014
Session Ident: ##TheStrategyLab
[09:20:10] * Now talking in ##TheStrategyLab
[09:20:10] * 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'
[09:20:10] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:20:10] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:22:01] <@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.
[09:27:28] <@wrbtrader> Good morning all
[09:28:07] <Lightenup> good morning
[09:28:25] <tradermo> gm, PBOC cut interest rates :)
[09:29:58] <rwbil001> gm
[09:30:41] <@wrbtrader> Today's "market context" is obvious China's cut of its benchmark interest rates...
[09:31:06] <@wrbtrader> world markets went crazy after that announcement
[09:33:39] <rwbil001> HG on TF 1 Min
[09:37:44] <@wrbtrader> Shorts Emini TF @ 1180.40 -> large size
[09:38:14] <@wrbtrader> 3+3 contracts
[09:39:39] <@wrbtrader> Covered all Emini TF Short @ 1180.50 --> - 0.1
[09:40:15] <@wrbtrader> as soon as I entered...started bouncing around :(
[09:40:53] <@wrbtrader> Shorts Emini TF @ 1180.80 -> large size
[09:41:02] <@wrbtrader> re-entry
[09:41:49] <@wrbtrader> WRB pt1 reached
[09:42:12] <@wrbtrader> Covered 1/2 Emini TF Short @ 1179.30 --> + 1.5
[09:42:57] <@wrbtrader> Covered Remainder Emini TF Short @ 1179.80 --> + 1
[09:43:23] <@wrbtrader> Shorts Emini TF @ 1180.30 -> large size
[09:43:33] <@wrbtrader> re-entry
[09:43:43] <@wrbtrader> :(
[09:45:45] <@wrbtrader> Covered all Emini TF Short @ 1179.50 --> + 0.8
[09:46:12] <@wrbtrader> Emini TF futures fighting hard to find some legs to stand up on
[09:46:56] <@wrbtrader> That's a big regular session GAP behaving like a big Up WRB Hidden GAP interval
[09:50:40] <@wrbtrader> I'm extremely surprise with the VIX reading
[09:51:32] <@wrbtrader> I thought for sure it would do a big GAP to the Upside on the open or open close to yesterday's close and then surge higher
[09:51:43] <@wrbtrader> Instead, it gap big "downwards"
[09:57:14] <@wrbtrader> Shorts Emini TF @ 1179.90 -> small size
[09:57:21] <@wrbtrader> 3 contracts
[09:59:35] <@wrbtrader> Covered all Emini TF Short @ 1180.80 --> - 0.9
[10:03:33] <@wrbtrader> Shorts Emini TF @ 1180.30 -> small size
[10:03:40] <@wrbtrader> 3 contracts
[10:03:45] <@wrbtrader> re-entry
[10:04:50] <tradermo> long iwm 117.54
[10:05:16] <tradermo> stop 117.22
[10:05:47] <tradermo> not getting too long because still long equities
[10:07:25] <@wrbtrader> Covered all Emini TF Short @ 1180.10 --> + 0.2
[10:07:33] <@wrbtrader> sidelined
[10:07:49] <@wrbtrader> lucky to escape that price action
[10:15:53] <tradermo> stop to breakeven 117.54
[10:16:00] <tradermo> back later
[10:35:45] <tradermo> long iwm 117.49
[10:35:53] <tradermo> stop 117.22
[10:36:06] <tradermo> previous was stopped out
[10:36:15] <tradermo> back later
[10:39:12] <@wrbtrader> Shorts Emini TF @ 1179.60 -> small size
[10:39:20] <@wrbtrader> 2 contracts
[10:44:22] <@wrbtrader> Covered all Emini TF Short @ 1179.40 --> + 0.2
[10:44:49] <@wrbtrader> too much contracting volatility again
[10:49:07] <@wrbtrader> Shorts Emini TF @ 1178.70 -> medium size
[10:49:29] <@wrbtrader> 3+1 contracts
[10:49:36] <@wrbtrader> volatility slowly increasing
[10:56:14] <@wrbtrader> volatility spike
[10:56:19] <@wrbtrader> WRB pt1 reached
[10:58:06] <tradermo> long um 17823
[10:58:09] <tradermo> ym
[10:58:20] <@wrbtrader> Covered 1/2 Emini TF Short @ 1176.10 --> + 2.6
[10:59:04] <tradermo> es 2063 is key level for bulls
[11:00:25] <tradermo> unfortunately big guys selling so far
[11:02:44] <@wrbtrader> Covered Emini TF Short @ 1174.80 --> + 3.9
[11:02:50] <@wrbtrader> Holding 1 contract remainder
[11:02:54] <tradermo> stop at 17796
[11:02:55] <@wrbtrader> WRB pt2 reached
[11:06:19] <@wrbtrader> Covered Remainder Emini TF Short @ 1174.10 --> + 4.6
[11:09:47] <@wrbtrader> Emini TF futures snap back upwards
[11:10:26] <tradermo> some big guys stepped in at es 2063 but not too many yet
[11:14:02] <T4n_paper> Price bounced off 2pm FED area
[11:47:49] <T4n_paper> CL closed its gap
[12:13:54] <TradeSnake______> Long GC @ 1193.8
[12:14:57] <tradermo> exit all ym 17796
[12:31:40] <TradeSnake______> Flat GC @ 1194.8 --> +1.0
[13:14:26] <@wrbtrader> Stocks Advance With Dollar on China Rates as Euro Falls (Bloomberg) @ http://www.bloomberg.com/news/2014-11-2 ... rally.html
[13:22:33] <@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
[13:27:34] <@wrbtrader> Shorts Emini TF @ 1173.50 -> medium size
[13:28:30] <@wrbtrader> 5 contracts
[13:28:59] <@wrbtrader> WRB pt1 reached
[13:29:52] <@wrbtrader> Covered Emini TF Short @ 1172.20 --> + 1.3
[13:29:58] <@wrbtrader> Holding 2 contract remainders
[13:31:07] <@wrbtrader> Covered Emini TF Short @ 1171.30 --> + 2.2
[13:31:12] <@wrbtrader> Holding 1 contract remainder
[13:33:02] <@wrbtrader> snap back in Emini TF futures
[13:34:52] <@wrbtrader> Covered Remainder Emini TF Short @ 1172.40 --> + 1.1
[13:59:07] <@wrbtrader> Shorts Emini TF @ 1171.30 -> small size
[13:59:14] <@wrbtrader> 2 contracts
[14:00:20] <@wrbtrader> Covered all Emini TF Short @ 1172.00 --> - 0.7
[14:04:43] <@wrbtrader> Shorts Emini TF @ 1171.80 -> small size
[14:04:51] <@wrbtrader> 2+1 contracts
[14:04:53] <@wrbtrader> re-entry
[14:08:03] <@wrbtrader> Covered all Emini TF Short @ 1171.90 --> - 0.1
[14:08:46] <@wrbtrader> contracting volatility as if price action on the Emini TF futures hit a wall
[14:09:05] <@wrbtrader> I'll re-enter on any volatility increase that pushes prices downwards
[14:13:00] <@wrbtrader> Shorts Emini TF @ 1171.40 -> small size
[14:13:07] <@wrbtrader> 3 contracts
[14:13:10] <@wrbtrader> re-entry
[14:18:00] <@wrbtrader> Covered all Emini TF Short @ 1171.00 --> + 0.4
[14:19:31] <@wrbtrader> Shorts Emini TF @ 1170.30 -> large size
[14:20:08] <@wrbtrader> 5+1 contracts
[14:20:13] <@wrbtrader> increasing volatility
[14:20:46] <@wrbtrader> Covered 1/2 Emini TF Short @ 1169.70 --> + 0.6
[14:24:03] <T4n_paper> TF retraced all its gains today
[14:24:58] <@wrbtrader> Covered Remainder Emini TF Short @ 1169.20 --> + 1.1
[14:26:26] <@wrbtrader> Yes...that's a big gap fill Emini TF futures just did
[14:27:14] <@wrbtrader> Emini NQ futures did the same too
[14:27:28] <@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.
[14:28:57] <@wrbtrader> The VIX also filled in its GAP
[14:29:44] <@wrbtrader> That movement in the VIX back upwards put some volatility into the markets today...preventing it from being a dry trading session
[14:30:15] <@wrbtrader> Sorry...didn't mean to imply the markets were active today due to the VIX
[14:30:40] <T4n_paper> well vix closed its gap as well
[14:30:57] <@wrbtrader> Meant that the VIX gave me reasons that the volatility will not be dry
[14:30:59] <T4n_paper> Made some decent WRBHGs in vix
[14:31:10] <@wrbtrader> Thus, I didn't keep my overall position size small today
[14:35:50] <@wrbtrader> Long Emini TF @ 1168.00 -> small size
[14:36:00] <@wrbtrader> 2 contracts
[14:36:02] <@wrbtrader> intuition
[14:36:33] <@wrbtrader> that's my first Long position of the trading day
[14:39:52] <rwbil001> TF long into the WRB HG?
[14:41:34] <@wrbtrader> No...just an intuition involving some of the market breadth info starting to stabilize, find some legs
[14:42:16] <@wrbtrader> Yet, my profit target is the R area of the most recent Down WRB HG
[14:42:27] <@wrbtrader> WRB pt1 reached
[14:43:17] <@wrbtrader> Exited all Emini TF Long @ 1169.70 --> + 1.7
[14:44:03] * T4n_paper is now known as T4n_away
[14:46:07] <@wrbtrader> It will be a shame to see Emini TF futures close near yesterday's close...essentially negating all that overnight reaction to the China rate announcement
[14:46:13] <@wrbtrader> A huge announcement it was
[14:50:48] <@wrbtrader> Emini TF futures 1171.20 is a prior S area of the contracting volatility between 1357pm est - 1415pm est
[14:54:59] <rwbil001> TF WRB HG long forming
[15:00:28] <@wrbtrader> Long Emini TF @ 1171.50 -> small size
[15:00:48] <@wrbtrader> 1 contract
[15:01:16] <@wrbtrader> Emini TF back inside the prior difficult low volatility trading range
[15:01:31] <@wrbtrader> Its the only reason why I'm not going to try to push some size in this area
[15:02:12] <tradermo> short iwm 116.68
[15:03:00] <tradermo> stop 116.98
[15:03:46] <tradermo> es 2063 still key level for bulls
[15:05:06] <@wrbtrader> Exited Emini TF Long @ 1171.70 --> + 0.2
[15:05:19] <@wrbtrader> I just got pick pocketed :(
[15:05:32] <tradermo> bulls need to make sure that we don't get a nice selling tail
[15:14:23] <tradermo> otherwise es 2047 is a possible close
[15:24:39] <@wrbtrader> 1172.40 to 1170.60 is the current low volatility tight trading range R and S area
[15:24:51] <@wrbtrader> for Emini TF futures
[15:27:37] <tradermo> exit all iwm 116.68
[15:27:41] <tradermo> wrong horse
[15:30:21] <@wrbtrader> Long Emini TF @ 1172.90 -> small size
[15:30:28] <@wrbtrader> 2 contracts
[15:30:46] <tradermo> short nq 4253
[15:32:00] <@wrbtrader> Exited 1/2 Emini TF Long @ 1174.10 --> + 1.2
[15:33:20] <@wrbtrader> WRB pt1 reached via the R area of the low volatility tight trading range between 1328pm to 1356pm est
[15:33:26] <tradermo> hm, big guys are buyers here :(
[15:34:26] <tradermo> let's see what happens at es 2063
[15:34:44] <@wrbtrader> Hopefully I can hold this remaining contract into the regular session close of 1615pm est
[15:35:49] <@wrbtrader> I may get lucky and catch a price surge upwards between 1550pm to 1600pm est
[15:35:58] <@wrbtrader> trailing remainder @ breakeven
[15:38:42] <tradermo> stop to breakeven 4253
[15:39:18] <@wrbtrader> :(
[15:39:28] <@wrbtrader> pick pocketed
[15:39:38] <@wrbtrader> Exited Remainder Emini TF Long @ 1172.90 --> 0
[15:40:47] <tradermo> second touch of es 2063 would invalidate the rejection
[15:41:23] <tradermo> big guys not selling yet
[15:53:12] <tradermo> exit all nq 4248
[15:53:31] <tradermo> not enough action for me, taking off early
[15:56:47] <@wrbtrader> Shorts Emini TF @ 1169.50 -> small size
[15:56:56] <@wrbtrader> 1 contract
[15:58:38] <@wrbtrader> Covered Emini TF Short @ 1169.30 --> + 0.2
[15:59:16] <@wrbtrader> sidelined
[16:00:32] <@wrbtrader> I didn't like what I saw after that Short entry...it hit a wall.
[16:01:12] <@wrbtrader> With the looming regular session close...I just dumped it out of fear that buyers would see that "price stall" as a buying opportunity
[16:01:22] <@wrbtrader> Take care all and see all on Monday
[16:58:39] * T4n_away is now known as t4n_paper
Session Close: Fri Nov 21 17:23:46 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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