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 Post subject: December 11th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Dec 12, 2014 9:20 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)
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:
121114-Key-Price-Action-Markets.png
121114-Key-Price-Action-Markets.png [ 1.59 MiB | Viewed 256 times ]

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

Session Start: Thu Dec 11 09:12:23 2014
Session Ident: ##TheStrategyLab
[09:12:23] * Now talking in ##TheStrategyLab
[09:12:23] * 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'
[09:12:23] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:12:35] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:32:07] <Tigerman__> gm all
[09:35:26] <wrbtrader> Good morning all
[09:35:37] <Trader_Uy> gm
[09:38:52] <wrbtrader> Long Emini TF @ 1172.10 -> medium size
[09:39:03] <wrbtrader> 2+2 contracts
[09:39:26] <Tigerman__> lg iwm 80
[09:40:25] <Tigerman__> exit 1/2 117 +20tk
[09:41:50] <Trader_Uy> we have a few KME today
[09:42:03] <wrbtrader> Exited 3/4 Emini TF Long @ 1175.30 --> + 3.2
[09:42:17] <Trader_Uy> 9:45 10AM 11AM and 1PM
[09:42:17] <wrbtrader> Exited Remainder Emini TF Long @ 1174.90 --> + 2.8
[09:42:24] <wrbtrader> WRB pt1 reached
[09:42:40] <wrbtrader> exit error on that remainder
[09:42:52] <wrbtrader> wanted to hold it for a possible WRB pt2
[09:43:05] <wrbtrader> Will now look for a re-entry with 1 contract
[09:43:20] <wrbtrader> anything less than 1174.90
[09:44:45] <Tigerman__> exit all rem iwm 116.95 +15tk
[09:45:19] <wrbtrader> KMEs @ 1000am, 1030am and 1300pm est
[09:45:31] <wrbtrader> Long Emini TF @ 1174.00 -> small size
[09:45:35] <wrbtrader> 1 contract
[09:45:37] <wrbtrader> re-entry
[09:47:29] <wrbtrader> Exited Emini TF Long @ 1176.30 --> + 2.3
[09:47:39] <wrbtrader> WRB pt1 reached
[10:10:02] <@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.
[10:16:25] <Tigerman__> lg eur 1.2379
[10:16:59] <Tigerman__> exit 1/2 2382+3t
[10:18:19] <Tigerman__> exit all rem Eur 1.2381+2t
[10:21:34] <@wrbtrader> Long Emini TF @ 1176.20 -> small size
[10:21:41] <@wrbtrader> 2 contracts
[10:23:00] <@wrbtrader> Exited all Emini TF Long @ 1176.30 --> + 0.1
[10:23:12] <@wrbtrader> price action got very strange after entry
[10:23:28] <@wrbtrader> volatility declining more
[10:23:35] <@wrbtrader> more range
[10:23:51] <@wrbtrader> Could be setting up for a volatility spike in the prices (up or down)
[10:25:23] <@wrbtrader> Long Emini TF @ 1175.80 -> small size
[10:25:29] <@wrbtrader> 2 contractes
[10:25:32] <@wrbtrader> re-entry
[10:30:42] <@wrbtrader> WRB pt1 reached
[10:31:13] <@wrbtrader> Exited 1/2 Emini TF Long @ 1180.10 --> + 4.3
[10:31:32] <@wrbtrader> Exited Remainder Emini TF Long @ 1180.10 --> + 4.3
[10:31:42] <t4n> EIA Natural Gas Report
[10:31:55] <Tigerman__> lg iwm 48
[10:32:53] <Trader_Uy> seems like we have a strong continuation WRB HG
[10:33:27] <@wrbtrader> Yes...will turn into a Up WRB Hidden GAP interval
[10:33:55] <Tigerman__> exit 1/2 63 +15t
[10:35:17] <Tigerman__> exit all rem iwm 117.63 +15tk
[10:35:41] <TradeSnake______> Long GC @ 1223.3
[10:36:34] <@wrbtrader> A lot of key markets spiked on that 1030am est Natural GAS report
[10:36:43] <@wrbtrader> We don't see that too often
[10:37:25] <@wrbtrader> Obviously Natural GAS NG futures going crazy
[10:41:05] <Trader_Uy> yes nat gas rep was not a crazy deviation from what was expected neither
[10:41:40] <@wrbtrader> just glad there was a "volatility reaction"
[10:42:26] <@wrbtrader> Long Emini TF @ 1181.80 -> small size
[10:42:33] <@wrbtrader> 1 contract
[10:42:35] <@wrbtrader> intuition
[10:43:44] <@wrbtrader> Exited Emini TF Long @ 1180.90 --> - 0.9
[10:44:34] <Trader_Uy> just curious.. was intuition trade based on a signal you get from any of your strategies?
[10:44:58] <@wrbtrader> Not this one...just trade experience
[10:45:41] <Trader_Uy> ok
[10:50:15] <@wrbtrader> Long Emini TF @ 1180.20 -> small size
[10:50:26] <@wrbtrader> 1 contract
[10:50:42] <@wrbtrader> re-entry
[10:51:29] <TradeSnake______> Flat GC @1223.4 --> +0.1
[10:52:53] <t4n> CL struggling a bit in the 1030 kme zone
[10:53:46] <@wrbtrader> Exited Emini TF Long @ 1179.90 --> - 0.3
[10:57:49] <nadina__> which contract TF are you trading WRB?
[10:58:06] <@wrbtrader> Its not obvious to you ?
[10:58:38] <@wrbtrader> Just pull up both contracts
[10:58:39] <nadina__> my price shows 1173 on 03-15 contract
[10:59:04] <Trader_Uy> I guess we still suing dec until volume goes higher on march
[10:59:12] <@wrbtrader> Yep
[11:05:12] <rwbil> UP WRB filled in but did take a lot of bars to undue the one up bar
[11:05:32] <rwbil> TF that is
[11:07:05] <@wrbtrader> Long Emini TF @ 1177.40 -> small size
[11:07:17] <@wrbtrader> 2+1 contracts
[11:07:59] <@wrbtrader> snap back
[11:08:29] <@wrbtrader> choppy too
[11:08:53] <@wrbtrader> Exited all Emini TF Long @ 1176.50 --> - 0.9
[11:08:53] * Retrieving ##TheStrategyLab modes...
[11:11:32] <@wrbtrader> Long Emini TF @ 1176.80 -> small size
[11:11:45] <@wrbtrader> 3 contracts re-entry
[11:11:58] <@wrbtrader> not sure where the chop came from but its a pain in the butt
[11:13:18] <rwbil> long move back into the filled WRB? WRB botom as support ?
[11:16:22] <rwbil> defineatly sprung there with a tail
[11:17:06] <@wrbtrader> Exited all Emini TF Long @ 1178.30 --> + 1.5
[11:18:31] <@wrbtrader> rwbil...it was the Up WRB Hidden GAP (unfilled) of 0939am est that caught my eye.
[11:18:51] <@wrbtrader> Its R area was briefly retested like a trampoline
[11:19:03] <@wrbtrader> 1min chart
[11:20:58] <rwbil> did not even look at taht WRB to you pointed it out Thanks
[11:22:16] <@wrbtrader> I only remember it well because I was in a Long position earlier today in that price action of that Up WRB Hidden GAP that eventually went to a WRB pt1
[12:20:50] <rwbil> After the hugh run up TF just consoldiation mode now
[12:31:38] <Tigerman__> take care all see next time
[12:32:16] <nadina__> off to work bye
[13:32:56] <t4n> just drifting downward
[13:43:13] <Trader_Uy> no more trades today?
[13:51:56] <t4n> its good to take breaks
[13:52:07] <t4n> he's likely on one of many
[13:57:48] <t4n> CL looking for 60
[14:01:40] <@wrbtrader> Shorts Emini TF @ 1172.30 -> small size
[14:02:35] <@wrbtrader> Covered Emini TF Short @ 1172.80 --> - 0.5
[14:02:50] <@wrbtrader> 1 contract
[14:04:45] <@wrbtrader> Emini TF at the R area of the most recent Down WRB Hidden GAP
[14:10:28] <@wrbtrader> Shorts Emini TF @ 1173.00 -> small size
[14:10:41] <@wrbtrader> 1 contract
[14:11:40] <t4n> :/ snapped and got me
[14:12:01] <t4n> i was looking to ride whatever it made, lots of lower shadows however
[14:12:32] <t4n> FED balance sheet 230
[14:13:16] <@wrbtrader> Covered Emini TF Short @ 1173.50 --> - 0.5
[14:13:58] <@wrbtrader> I thought it was @ 4:30pm est
[14:14:00] <@wrbtrader> ?
[14:14:14] <t4n> OOPS, yes
[14:14:17] <t4n> thank you
[14:14:26] <@wrbtrader> no problem
[14:14:31] <t4n> missread that one
[14:14:46] <t4n> I was thinking 1430 when I saw 430
[14:18:07] <@wrbtrader> Shorts Emini TF @ 1172.70 -> small size
[14:18:21] <@wrbtrader> 2 contracts
[14:18:33] <@wrbtrader> tough contracting volatility here
[14:19:08] <t4n> I didnt survive, 3 Reentries, oh well
[14:19:22] <t4n> came out positive so its ok
[14:19:27] <@wrbtrader> Covered all Emini TF Short @ 1172.60 --> + 0.1
[14:20:06] <t4n> CL briefly dipped under 60
[14:20:26] <@wrbtrader> Shorts Emini TF @ 1172.40 -> small size
[14:20:38] <@wrbtrader> 2 contracts re-entry
[14:22:28] <@wrbtrader> Covered all Emini TF Short @ 1173.20 --> - 0.8
[14:22:46] <@wrbtrader> back to the R area
[14:23:47] <t4n> CL trying to find legs into the close
[14:25:39] <@wrbtrader> Shorts Emini TF @ 1173.00 -> small size
[14:25:48] <@wrbtrader> 3 contracts
[14:28:02] <t4n> cl slipped back under 60
[14:28:40] <@wrbtrader> Covered all Emini TF Short @ 1171.10 --> + 1.9
[14:28:54] <@wrbtrader> WRB pt1 reached
[14:29:15] <@wrbtrader> tough trades
[14:29:51] <@wrbtrader> That movement in Oil CL futures brought in some volatility into the Emini futures
[14:33:56] <t4n> fight at 60
[14:35:16] * t4n is now known as t4n_paper
[14:35:24] <t4n_paper> i've been paper all day
[14:35:58] <@wrbtrader> This recent price action I was trading within represents an excellent example of how the initial retest of the R area of a Down WRB Hidden GAP (unfilled)...
[14:36:26] <@wrbtrader> and then filling it in to then continue retesting that R area sets up a breakout via a volatility spike
[14:36:50] <@wrbtrader> Just too much pressure building up in the contracting volatility that sets up that volatility spike
[14:37:09] <t4n_paper> it made three humps there
[14:37:19] <t4n_paper> I stopped after 2nd
[14:37:42] <t4n_paper> and after an unfinished WRB formed, its hard to get me back in
[14:37:49] <@wrbtrader> I sometimes refer to this as "Don't Forget The Price Action Of Your Prior Trades"
[14:38:01] <@wrbtrader> They may represent key changes in supply/demand
[14:38:17] <t4n_paper> Yes I can see that
[14:38:34] <t4n_paper> I was payin attention to the upper shadows "price rejection"
[14:38:40] <@wrbtrader> In my opinion, much easier to remember the price area of prior trades
[14:39:13] <t4n_paper> yes, plus they are plotted, easy to see
[14:39:20] <t4n_paper> same with shadows
[14:40:28] <jkarn> wrbtrader, are you looking a 2 min and and the 1:58 WRB Gap Down?
[14:46:14] <@wrbtrader> Shorts Emini TF @ 1170.20 -> small size
[14:46:40] <@wrbtrader> 1+2 contracts
[14:47:34] <@wrbtrader> price reacting this afternoon like yesterday's afternoon
[14:47:36] <@wrbtrader> strange
[14:47:45] <@wrbtrader> WRB pt2 reached
[14:48:13] <@wrbtrader> Covered all Emini TF Short @ 1167.70 --> + 2.5
[14:49:55] <@wrbtrader> One of the most difficult things I had to learn in trading...early in my career was that I needed to REMEMBER the price movement of the prior trading day.
[14:50:43] <@wrbtrader> It took me a long time (many years) to understand that YESTERDAY'S price action will give enough information to trade TODAY's price action
[14:52:03] <@wrbtrader> Simply, those that moves the markets (the big boys)...they don't forget and their reaction today is more often connected to yesterday's price action
[14:52:24] <@wrbtrader> As trend reversals or trend continuations
[14:59:38] <t4n_paper> I look forward to more monitors, that will help with yesterdays action
[15:24:37] <@wrbtrader> Long Emini TF @ 1172.40 -> small size
[15:24:42] <@wrbtrader> 1 contract
[15:25:49] <t4n_paper> I'll quit for the day
[15:26:05] <t4n_paper> playing with fire on the short before the snap up
[15:26:16] <t4n_paper> barely made it back, 2nd time so, done
[15:26:42] <t4n_paper> too bad the market isnt always so trendy and volatile
[15:28:53] <@wrbtrader> I'm going to leave this contract open
[15:29:02] <@wrbtrader> May exit later this evening
[15:29:08] <@wrbtrader> Take care all and see all tomorrow
[16:20:25] <@wrbtrader> Just got back from the walk...
[16:20:45] <@wrbtrader> Exited Emini TF Long @ 1168.40 --> - 4
[16:21:53] <@wrbtrader> Long Emini TF @ 1161.80 -> small size
[16:21:58] <@wrbtrader> 1 contract
[16:22:02] <@wrbtrader> re-entry
[16:22:19] <@wrbtrader> same stop
[16:22:47] <@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
[16:23:10] <@wrbtrader> overnight hold
[16:37:54] <@wrbtrader> audio alarms sounding again :(
[16:38:19] <@wrbtrader> Exited Emini TF Long @ 1157.80 --> - 4
[16:40:46] <@wrbtrader> Oil and Government Shutdown rumors after the regular session close doing the markets in :(
[16:41:27] <@wrbtrader> Stock gains cut by oil's fall, Washington inaction (CNBC) @ http://www.cnbc.com/id/102260205?trknav ... :topnews:3
[16:42:16] <@wrbtrader> All I wanted was a relaxing overning hold trying to catch a GAP up for tomorrow's open
[16:43:01] <@wrbtrader> Instead, its going to GAP down at the open if price stalls around this level with Oil
[16:45:19] <@wrbtrader> I didn't think the $60 Oil barrier would be an issue in the overnight trading session as in it wouldn't have a big impact on the Emini futures
[16:45:27] <@wrbtrader> It did have an impact :(
[16:45:51] <@wrbtrader> Now Gold GC futures volatility spiking
[16:46:42] <@wrbtrader> Wow...crazy market actions that's usually "boring, stable and relaxing" at this time
Session Close: Thu Dec 11 18:17:50 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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