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##TheStrategyLab (located on the Freenode IRC network) is
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##TheStrategyLab chat room is is primarily designed for you to use as a
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Also, ##TheStrategyLab chat room is
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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.
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@ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164Attachment:
112114-Key-Price-Action-Markets.png [ 1.51 MiB | Viewed 269 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>
, PBOC cut interest rates
[09:29:58] <rwbil001>
[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
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:
CME Emini Futures EMD, ES and NQ
ICE Emini TF Futures (formerly CME ER2)
CBOT mini-sized Dow Futures YM
Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50
Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz
Euronext Futures FTSE-100 and CAC-40
CME Futures EuroFX 6E and EC
Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB
Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen and Usd/Cad
Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD
NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG
COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI
S&P CNX NIFTY Futures
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
@
http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
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