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 Post subject: December 31st Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Jan 01, 2015 10:19 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2294
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)
http://twitter.com/wrbtrader (24/7)

##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:
123114-Key-Price-Action-Markets.png
123114-Key-Price-Action-Markets.png [ 1.4 MiB | Viewed 93 times ]

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

Session Start: Wed Dec 31 09:19:20 2014
Session Ident: ##TheStrategyLab
[09:19:20] * Now talking in ##TheStrategyLab
[09:19:27] -ChanServ- [##TheStrategyLab] Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[09:19:27] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:20:12] <@wrbtrader> 1,4 WRB Analysis -> 8,2 - 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.
[09:21:31] * TradeSnake______ (~TradeSnak@ip68-106-39-74.ph.ph.cox.net) has joined ##TheStrategyLab
[09:22:56] <CaydenV> KME’s Eastern Time- 10 am Pending Home Sales m/m 10:30- Crude Oil Inventories
[09:29:18] <CaydenV> KME- Chicago PMI at 9:45 eastern time as well
[09:29:38] <@wrbtrader> Trader_Uy...I forgot about that chart yesterday
[09:30:22] <@wrbtrader> I'll try to find one in today's price action as it is occurring in real-time
[09:30:28] <CaydenV> Pre market KME this morning, Eastern Time- Jobless Claims 8:30
[09:32:54] * mtntrader (~mtntrader@76.25.5.217) has joined ##TheStrategyLab
[09:33:52] * Racer_X____ (~Racer_X@LTVLPQ0403W-LP140-04-1279494384.dsl.bell.ca) has joined ##TheStrategyLab
[09:35:57] <@wrbtrader> Long Emini ES futures @ 2078.25 large size
[09:36:13] <@wrbtrader> 15 contracts
[09:38:00] <CaydenV> stalling
[09:38:52] <Volker_> CL is dragging it down...
[09:44:31] <CaydenV> NQ is getting a little perky
[09:45:20] * Lightenup (~Lightenup@110.78.146.249) has joined ##TheStrategyLab
[09:46:58] <@wrbtrader> Exit all Emini ES futures @ 2076.25
[09:47:10] <CaydenV> 9:45 KME not helping the long side
[09:47:22] <@wrbtrader> - 2.00 points
[09:48:25] <@wrbtrader> Short Emini ES futures @ 2075.75 large size
[09:56:39] <CaydenV> VIX perking up to days high
[09:58:11] <CaydenV> KME in 2 minutes-
[09:58:24] <Trader_Uy> Just see that Mark.. ok Ill like to see it
[10:00:28] <CaydenV> new daily high on VIX
[10:17:41] <Trader_Uy> ugly market today
[10:18:23] <@wrbtrader> normal holiday trading session
[10:18:37] <@wrbtrader> My goal is to not toake too many trades today
[10:19:06] <@wrbtrader> Very easy to do considering very little trading opportunities
[10:19:28] <@wrbtrader> low volatility now along with a developing tight trading trange
[10:19:42] <@wrbtrader> getting tighter as each minute goes by
[10:21:00] <rwbil1> WRB your ES trades where they KME created Zone? If Chap 1-4 can you define
[10:21:57] <@wrbtrader> Cover all Emini ES futures @ 2077.75 -2.00
[10:23:47] * mtntrader (~mtntrader@76.25.5.217) has joined ##TheStrategyLab
[10:28:06] <CaydenV> Oil KME in 2 minutes
[10:32:43] <CaydenV> volitility indexes skewd a bit- vix vs. rvx
[10:41:32] <@wrbtrader> Long Emini TF @ 1216.90 -> medium size
[10:42:00] <@wrbtrader> 4 contracts
[10:44:29] <@wrbtrader> Exited all Emini TF Long @ 1217.10 --> + 0.2
[10:44:41] <@wrbtrader> exit trade because its a trade error
[10:44:48] <@wrbtrader> saw something that really wasn't there
[10:45:27] <Trader_Uy> the zone was not correct?
[10:45:39] <@wrbtrader> Long Emini ES futures @ 2078.25 large size (still 15 contracts)
[10:45:46] <@wrbtrader> Zone correct
[10:45:58] <@wrbtrader> problem with the trade signal
[10:46:13] <Trader_Uy> wouldnt you prefer trade TF instead of ES to handle better this low volatility?
[10:46:28] <@wrbtrader> not today
[10:46:36] <@wrbtrader> neither one has good volatility
[10:47:02] <Trader_Uy> I have lots of Dojis on my ES 1min
[10:47:04] <@wrbtrader> Preparing to move into Oil or Gold if Eminis continue like this
[10:47:34] <mtntrader> wrbtrader, I thought you were still short ES
[10:47:51] <@wrbtrader> see prior post
[10:50:01] <@wrbtrader> now Gold and Oil contracting after some decent volatility had showed up :(
[10:53:26] <Lightenup> Short TF @ 1920
[10:55:35] <Lightenup> Flat TF 1219.50 + .5
[10:56:00] <@wrbtrader> volatility still slowing down in other key markets
[10:56:03] <@wrbtrader> :(
[10:56:36] <@wrbtrader> Gold GC futures now trying hard to get its volatility going again
[11:05:49] * Lightenup (~Lightenup@1.46.78.205) has joined ##TheStrategyLab
[11:11:57] <@wrbtrader> Exit all Emini ES futures @ 2078.50 +0.25
[12:00:33] <Lightenup> Happy New Years All. It is 2015 Now here In Thailand
[12:01:08] <mmm___> Happy New Year's.
[12:02:05] <@wrbtrader> Short Emini ES futures @ 2076.00 large size 30 contracts
[12:02:51] <@wrbtrader> 10+20 contracts
[12:04:12] <@wrbtrader> WRB pt1 reached
[12:04:47] <@wrbtrader> WRB pt2 reached
[12:05:25] <@wrbtrader> Cover 1/2 Emini ES futures @ 2073.00 +3.00
[12:17:30] <@wrbtrader> Cover remainder Emini ES futures @ 2074.00 +2.00
[12:18:20] <@wrbtrader> I wanted to keep that but too much contraction in the volatility showed up...setting up a possible snapback or volatility spike back upwards
[12:18:32] <@wrbtrader> If I'm wrong...I'll re-enter the Short position
[12:19:45] <@wrbtrader> :(
[12:20:19] <@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
[12:21:16] <@wrbtrader> Shorts Emini ES @ 2072.75 -> large size
[12:21:50] <@wrbtrader> 10+5 contracts
[12:22:30] <@wrbtrader> WRB pt1 reached
[12:26:50] <@wrbtrader> Covered 2/3 Emini ES Short @ 2068.00 --> + 4.75
[12:27:42] <@wrbtrader> WRB pt2 reached
[12:29:31] <@wrbtrader> VIX been rising almost all day...now about 17.52
[12:49:45] <@wrbtrader> Bloomberg -> Oil Drops in Worst Year Since ’08; U.S. Stocks Fluctuate @ http://www.bloomberg.com/news/2014-12-3 ... -peak.html
[12:51:19] <@wrbtrader> Emini ES futures still stuck inside the range of its most recent Down WRB Hidden GAP interval 3min chart
[12:55:21] <@wrbtrader> I'm still not sure if the initiation of the Eminis big drop was due to the 12pm KME involving the Natural Gas Storage report
[12:58:18] <@wrbtrader> U.S. markets are open Friday January 2nd
[12:58:35] <@wrbtrader> I'm expecting light volatility
[12:58:52] <@wrbtrader> unless something unusual occurs with a KME
[13:04:58] <@wrbtrader> Covered all Emini ES Short @ 2071.50 --> + 1.25
[14:00:21] <@wrbtrader> Shorts Emini ES @ 2068.75 -> small size
[14:00:33] <@wrbtrader> 5 contracts
[14:08:24] <@wrbtrader> Covered all Emini ES Short @ 2065.75 --> + 3
[14:08:38] <@wrbtrader> WRB pt1 reached
[14:09:08] <CaydenV> well timed
[14:20:24] <@wrbtrader> Shorts Emini ES @ 2063.00 -> large size
[14:20:38] <@wrbtrader> 10 contracts
[14:20:58] <@wrbtrader> intuition trade
[14:21:07] <@wrbtrader> only one of the trading day I will do
[14:23:35] <@wrbtrader> Covered all Emini ES Short @ 2062.75 --> + 0.25
[14:24:05] <@wrbtrader> choppy with that volatility spike
[14:26:01] <@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.
[14:43:21] <mmm___> Looks like somebody is ringing the register on a good year in stocks.
[15:00:09] <@wrbtrader> Again the volatility in the Emini futures has died
[15:00:43] <@wrbtrader> Emini ES futures stuck inside the range of its most recent Down WRB Hidden GAP interval 2min chart
[15:02:13] <@wrbtrader> Shorts Emini ES @ 2059.25 -> small size
[15:02:24] <@wrbtrader> 5 contracts
[15:03:28] <@wrbtrader> Covered all Emini ES Short @ 2059.50 --> - 0.25
[15:03:40] <@wrbtrader> not a stop out
[15:04:08] <@wrbtrader> I dumped it as soon as I realized I made an error on the trade signal
[15:06:01] <@wrbtrader> Shorts Emini ES @ 2060.00 -> large size
[15:06:28] <@wrbtrader> 5+10 contracts
[15:09:18] <@wrbtrader> Covered 1/3 Emini ES Short @ 2059.25 --> + 0.75
[15:09:32] <CaydenV> this could be the feel for the low volitility expected Jan 2
[15:10:59] <@wrbtrader> Covered 1/3 Emini ES Short @ 2059.25 --> + 0.75
[15:13:06] <@wrbtrader> Covered Remainder Emini ES Short @ 2060.25 --> - 0.25
[15:27:28] <@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
[15:28:30] <@wrbtrader> Shorts Emini ES @ 2063,99 -> small size
[15:28:52] <@wrbtrader> 3+2 contracts
[15:29:51] <@wrbtrader> If chop shows up after this contraction in the volatility...
[15:29:59] <@wrbtrader> I'll call it quits here for the day
[15:31:56] <CaydenV> have a safe and fun New Year Mr wrbtrader_away. thanks for all the help and guidence
[15:32:13] <@wrbtrader> Thank you and U 2
[15:32:57] <@wrbtrader> correction in the trade
[15:33:24] <@wrbtrader> Shorts Emini ES @ 2063.00 -> small size
[15:33:41] <@wrbtrader> WRB pt1 reached on the volatility spike
[15:34:06] <@wrbtrader> Emini ES futures now retesting the S area of the most recent Up WRB Hidden GAP interval 2min chart
[15:34:25] <@wrbtrader> Hopefully the volatility doesn't contract here
[15:35:47] <@wrbtrader> VIX did nice today in its steady increase all day
[15:36:19] <@wrbtrader> Its the only reason why I stuck with Emini ES futures today
[15:37:15] <mmm___> I see, that answers the question I sent you.
[15:37:59] <@wrbtrader> ok
[15:39:03] <mmm___> The RVX was also very in tune with the TF today.
[15:41:21] <CaydenV> k
[15:41:27] <CaydenV> ok
[15:46:03] <@wrbtrader> volatility is still slowly increasing
[15:46:57] <CaydenV> woops- wrong keyboard
[15:47:04] <mmm___> Are people closing out long trades at the end of the year?
[15:47:53] <@wrbtrader> There just getting ready to go out and party :)
[15:48:32] <@wrbtrader> nobody wants to have overnight positions and then have to get up and trade on Friday January 2nd
[15:49:01] <CaydenV> Latr evrybody- have a safe fun New Years...
[15:52:16] * CaydenV (CaydenV@cpe-104-173-21-187.socal.res.rr.com) has joined ##TheStrategyLab
[15:53:09] <@wrbtrader> Covered all Emini ES Short @ 2051.25 --> + 11.75
[15:53:57] <@wrbtrader> WRB pt3 reached
[15:54:01] <mtntrader> Nicely done.
[15:54:02] <mmm___> Very impressive wrbtrader.
[15:54:33] <@wrbtrader> Best "last trade of the year" finish I've ever had.
[15:55:05] <@wrbtrader> More amazing...I got bored in this trade and almost covered it for a +2.25
[15:55:40] <mtntrader> Ha, you were paid well for your patience.
[15:56:09] <@wrbtrader> Happy New Year...Safe Celebration...see all on Friday if there's no hangover
[15:56:13] <@wrbtrader> Bye
[15:56:22] <mmm___> Thank you
[15:56:34] <mtntrader> Thanks, you too.
[20:59:38] * Lightenup (~Lightenup@110.78.146.249) has joined ##TheStrategyLab
[23:04:47] * Disconnected
Session Close: Wed Dec 31 23:04:48 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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