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 Post subject: December 15th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Dec 16, 2014 2:54 am 
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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
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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:
121514-Key-Price-Action-Markets.png
121514-Key-Price-Action-Markets.png [ 1.12 MiB | Viewed 265 times ]

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

Session Start: Mon Dec 15 09:00:55 2014
Session Ident: ##TheStrategyLab
[09:00:55] * Now talking in ##TheStrategyLab
[09:00:55] * 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'
[09:00:55] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:00:55] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:02:11] <Trader_Uy> Good morning guys
[09:03:38] <Trader_Uy> I wanted to ask a couple things before market open.. Im using chapter 2 for the WRB zones (by KME) do we count all news (24hs charts) for this zones? or we use only the news that happened during normal session 9:30 to 16:15?
[09:10:43] <rwbil1> TF WRB up bar but right inot swing high R
[09:11:06] <wrbtrader> Hi Trader-Uy
[09:11:17] <wrbtrader> All news will NOT result as a WRB Zone
[09:12:15] <wrbtrader> The price action definitions will determine if the "first WRB Hidden GAP" at/after the KME...it will determine if the "first WRB Hidden GAP" interval qualifies as a WRB Zone
[09:12:25] <wrbtrader> Next...
[09:12:32] <Trader_Uy> yes I understand that..
[09:12:33] <wrbtrader> You can use any time frame you want...
[09:12:41] <wrbtrader> 24hrs or regular session
[09:12:44] <wrbtrader> I use both
[09:13:12] <Trader_Uy> ok
[09:13:13] <wrbtrader> 24hrs is used primarily for KMEs that occurs in the overnight trading session
[09:13:43] <rwbil1> TF UP WRB HG
[09:14:05] <Trader_Uy> are those KME that occu in the overnight session less important (In term of WRB zone perfoamnce) than those that happen during normal session?
[09:14:15] <wrbtrader> No
[09:14:33] <wrbtrader> The only thing that determines the importance of a KME is the reaction of the price action
[09:14:42] <wrbtrader> If its important...a WRB Zone will form
[09:15:05] <Trader_Uy> ok that makes sense
[09:15:08] <wrbtrader> If its NOT important...the "first WRB Hidden GAP" interval at/after the KME will NOT qualify as a WRB Zone
[09:15:53] <wrbtrader> Thanks for that question...I'm going to include it in the next verision of the WRB Analysis free study guide
[09:16:05] <wrbtrader> Its an important question/answer to know
[09:16:07] <Trader_Uy> thank you for reply
[09:16:39] <rwbil1> Do you consider teh 9:15 news as a KME
[09:17:10] <wrbtrader> All news are KME
[09:17:26] <rwbil1> ones rated medium and low also
[09:17:28] <wrbtrader> Yet, it doesn't mean its important to your particular trading instrument
[09:17:47] <wrbtrader> The importance will be determine by the reaction in the price by your trading instrument
[09:18:11] <rwbil1> we had 9:15 news and TF making another WRB
[09:18:39] <wrbtrader> You want a "first WRB Hidden GAP" that traverses into a WRB Zone
[09:18:58] <wrbtrader> If it doesn't do that...its NOT important KME to your trading instrument for that particular trading day
[09:19:01] <rwbil1> broke recent R but not a HG yet
[09:23:39] <Trader_Uy> this is important information to me.. Now Ive seen in chapter 3 that you can use signals from your strategies to form a WRB zones too (if they qualify).. so what would happen using all KMEs zones + signals zones + other type of ways to identify a WRB zone.. wouldnt this mean we will end with a chart full of zones everywhhere?
[09:25:47] * t4n_paper is now known as t4n
[09:34:24] <Volker> hello to everyone from hamburg
[09:34:37] <wrbtrader> Hi volker...welcome
[09:34:44] <Tigerman__> gm all
[09:34:50] <Trader_Uy> Hi VOlker
[09:35:34] <wrbtrader> Long Emini ES @ 1155.90 -> large size
[09:37:36] <wrbtrader> Exited all Emini ES Long @ 1154.70 --> - 1.2
[09:37:54] <Tigerman__> long iwm 115.50
[09:37:55] <Trader_Uy> I guess thats TF mark
[09:38:04] <Tigerman__> exit 46 -4tk
[09:38:16] <wrbtrader> Yeah...the script is stuck on ES
[09:38:21] <wrbtrader> trying to undo it now
[09:39:28] <rwbil1> UP TF WRB got filled in quick bouncing at early WRB HG now
[09:40:18] <Tigerman__> lg iwm 39
[09:40:24] <rwbil1> http://screencast.com/t/J2U3Jc4KnHXR
[09:40:42] <Tigerman__> exit all 43 +4 tk small size
[09:40:45] <Tigerman__> intuition
[09:41:04] <wrbtrader> Long Emini TF @ 1156.00 -> large size
[09:41:09] <Tigerman__> wow exit all via fear instead keep a remainder :(
[09:41:10] <Trader_Uy> VIX very high
[09:42:41] <Tigerman__> lg iwm 115.56
[09:42:43] <rwbil1> WRB is that signal based or intuition on the long
[09:42:51] <Tigerman__> exit all 60 +4 tk
[09:43:20] <Tigerman__> I m too nervous today I tend to exit fast
[09:43:51] <Tigerman__> also not ready to trade cause platform too slow today
[09:46:17] <Tigerman__> sh iwm 115.56 intuition small
[09:47:29] <Tigerman__> wow dam I miss a Eurusd oportunity while concentrate on iwm
[09:48:22] <Tigerman__> exit 1/2 iwm 45 +11t
[09:49:48] <Tigerman__> exit all rem 52 +4tk
[09:50:00] <Tigerman__> spike against me
[09:50:37] <wrbtrader> Exited all Emini TF Long @ 1156.20 --> + 0.2
[09:50:56] <wrbtrader> :(
[09:51:10] <wrbtrader> I had a ton of patience...it finally caved in
[09:53:07] <Tigerman__> lg iwm 66
[09:55:28] <Tigerman__> exit all 56 -10tk :(
[09:56:33] <Tigerman__> sh iwm 115.27
[09:57:14] <Tigerman__> exit all 27 +0
[09:57:58] <rwbil1> TF Price back downand testing previous WRB HG again
[09:58:48] <Tigerman__> sh iwm 33 re-entry
[10:00:54] <Tigerman__> exit 2/3 iwm at 10+23t
[10:02:11] <wrbtrader> Short Emini ES futures @ 2004.75 large size
[10:05:04] <wrbtrader> Exit all Emini ES futures @ 2002.75 +2.00
[10:05:20] <Tigerman__> exit 1/3 iwm at 114.93 +40tk
[10:05:23] <wrbtrader> WRB pt1 reached
[10:06:12] <Tigerman__> at last this KME move waters a bit :)
[10:07:14] <wrbtrader> Yeah...last KME of the day for the Emini futures
[10:07:53] <wrbtrader> Hopefully its enough volatility to get the futures into the 12noon lunch break on decent volatility...
[10:08:07] <wrbtrader> I'm not going to hold my breadth for that situation
[10:08:15] <wrbtrader> Yet, still would be nice
[10:09:10] <wrbtrader> Shorts Emini ES @ 2003.00 -> large size
[10:09:18] <wrbtrader> 20 contracts
[10:11:40] <wrbtrader> very choppy now
[10:11:42] <wrbtrader> :(
[10:11:57] <Tigerman__> sh iwm 115.01
[10:12:42] <Tigerman__> exit 1/2 95 +6t
[10:12:43] <wrbtrader> Covered all Emini ES Short @ 2002.50 --> + 0.5
[10:13:30] <Tigerman__> exit all rem 97 +4t
[10:13:47] <Tigerman__> price chot not going fast in my direction
[10:13:58] <Tigerman__> chot=chop
[10:14:00] <t4n> jumpy price action
[10:20:25] <wrbtrader> Shorts Emini TF @ 1148.70 -> medium size
[10:20:35] <wrbtrader> 4 contracts
[10:20:42] <wrbtrader> :(
[10:21:00] <wrbtrader> position size error
[10:21:29] <wrbtrader> went 4 contracts (medium size)) instead of 6 contracts (large size)
[10:22:05] <wrbtrader> Covered all Emini TF Short @ 1147.60 --> + 1.1
[10:23:47] <wrbtrader> Shorts Emini ES @ 1997.75 -> large size
[10:24:15] <wrbtrader> 10+10 contracts
[10:25:10] <wrbtrader> :(
[10:26:22] <wrbtrader> timing is everything :(
[10:26:36] <wrbtrader> I saw TF stalling so I switch over to ES...
[10:26:51] <wrbtrader> ES stall and TF held its ground
[10:27:07] <wrbtrader> costly error so far
[10:28:55] <wrbtrader> Covered all Emini ES Short @ 1998.25 --> - 0.5
[10:29:26] <wrbtrader> that could have been a lot worst because volatility is drying up in Emini ES futures
[10:32:33] <wrbtrader> Shorts Emini ES @ 1998.75 -> large size
[10:35:39] <Tigerman__> sh iwm 55
[10:35:56] <Tigerman__> too late chasing here
[10:36:49] <Tigerman__> exit 1/2 49 +6t
[10:38:16] <wrbtrader> Covered all Emini ES Short @ 1994.50 --> + 4.25
[10:38:20] <wrbtrader> WRB pt2 reached
[10:39:18] <@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.
[10:39:38] <Tigerman__> exit all rem 114.35 +20
[10:40:46] <t4n> I'm a bit slow today
[10:43:44] <t4n> i'll take a break once the vol declines enough, or i get bored
[10:44:39] <@wrbtrader> Shorts Emini ES @ 1991.50 -> large size
[10:44:59] <t4n> sheesh
[10:46:39] <@wrbtrader> Covered all Emini ES Short @ 1992.50 --> - 1
[10:50:34] <@wrbtrader> Long Emini ES @ 1996.50 -> large size
[10:51:05] <@wrbtrader> chasing this one from 1993.00
[10:52:01] <@wrbtrader> Exited all Emini ES Long @ 1998.25 --> + 1.75
[10:52:24] <@wrbtrader> Had I caught that Long @ 1993 and exited above 1998...
[10:52:32] <@wrbtrader> I would call it quits right here for the day
[10:53:03] <t4n> for the day?
[10:53:14] <Trader_Uy> how many contracts on ES?
[10:53:16] <@wrbtrader> Yep but it didn't happen
[10:53:32] <@wrbtrader> Trader UY...same as the other day...20 contracts
[10:54:00] <@wrbtrader> normally I would push 25 - 30 contracts in price action like this for Emini ES futures
[10:54:16] <@wrbtrader> Yet, I haven't traded Emini ES in awhile until Friday
[10:54:50] <@wrbtrader> Thus, I'm going a little lower on the position size until I'm psychologically ready to push a larger size in Emini ES futures
[11:12:29] <@wrbtrader> Shorts Emini ES @ 1991.25 -> large size
[11:12:47] <@wrbtrader> 10 contracts
[11:13:04] <@wrbtrader> price action a little too choppy for my taste
[11:13:13] <@wrbtrader> reason why I've lowered my position size
[11:15:20] <@wrbtrader> WRB pt1 reached
[11:16:00] <@wrbtrader> volatility showed up again
[11:16:15] <@wrbtrader> Covered all Emini ES Short @ 1988.25 --> + 3
[11:22:50] <@wrbtrader> Shorts Emini ES @ 1987.25 -> large size
[11:23:03] <@wrbtrader> 10 contracts
[11:23:24] <@wrbtrader> Emini ES now declining on contracting volatility
[11:23:53] <@wrbtrader> then it does a brief volatility spike after the contracting volatility...then it repeats
[11:24:22] <@wrbtrader> Its done such about 5x since 1045am est
[11:24:33] <@wrbtrader> WRB pt1 reached
[11:24:44] <@wrbtrader> WRB pt2 reached
[11:24:46] <@wrbtrader> volatility spike
[11:25:30] <@wrbtrader> Covered all Emini ES Short @ 1984.00 --> + 3.25
[11:36:07] <@wrbtrader> Shorts Emini ES @ 198.,50 -> large size
[11:36:16] <@wrbtrader> correction...
[11:36:40] <@wrbtrader> Shorts Emini ES @ 1982.50 -> large size
[11:36:45] <@wrbtrader> 10 contracts
[11:36:59] <@wrbtrader> Its choppy too
[11:37:08] <Tigerman__> sh iwm 64
[11:37:17] <@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
[11:37:40] <@wrbtrader> Emini TF futures trying to do a snap back after the volatility spike
[11:38:25] <Tigerman__> exit all iwm 62 +2t
[11:38:25] <@wrbtrader> Covered all Emini ES Short @ 1982.50 --> 0
[11:38:30] <@wrbtrader> snapback
[11:39:14] <@wrbtrader> Snap backs always a sign that trading is about to get harder
[11:39:39] <@wrbtrader> Shorts Emini ES @ 1980.50 -> large size
[11:39:46] <Tigerman__> sh iwm 43
[11:39:56] <@wrbtrader> 15 contracts
[11:40:37] <@wrbtrader> WRB p1 reached
[11:40:41] <Tigerman__> exit 1/2 33 +10t
[11:40:59] <@wrbtrader> Covered Emini ES Short @ 1977.25 --> + 3.25
[11:41:02] <@wrbtrader> Holding 5 contract remainders
[11:42:31] <Tigerman__> exit all 41 +2t
[11:42:38] <@wrbtrader> another snap back :(
[11:45:36] <@wrbtrader> Covered Remainder Emini ES Short @ 1979.50 --> + 1
[11:49:35] <TradeSnake______> Wow, VIX back over 20 again
[11:49:48] <@wrbtrader> Shorts Emini ES @ 1979.25 -> large size
[11:51:36] <@wrbtrader> Covered all Emini ES Short @ 1979.00 --> + 0.25
[11:52:00] <@wrbtrader> sideline...getting choppy again on contracting volatility
[11:54:40] <@wrbtrader> Shorts Emini ES @ 1977.50 -> large size
[11:55:04] <@wrbtrader> S area failure in the most recent contracting volatility
[11:57:41] <@wrbtrader> Covered all Emini ES Short @ 1975.50 --> + 2
[11:58:04] <Trader_Uy> exit on HG 2min?
[11:58:28] <@wrbtrader> Covered as WRB pt1
[11:58:36] <Trader_Uy> ok
[11:58:50] <@wrbtrader> 1 min chart
[11:59:20] <@wrbtrader> I held it a little longer after the WRB pt1
[11:59:34] <@wrbtrader> I thought it could pick up more volatility and run to a WRB pt2
[11:59:46] <@wrbtrader> Instead, it started contracting and getting a little more choppy
[12:00:10] <@wrbtrader> Thus, I dumped it back at the WRB pt1 on the retracement
[12:00:32] <Volker> but it was only longer than the previous 2 bars... ? pt1?
[12:00:58] <Trader_Uy> nope take a closer look Volker
[12:01:16] <Trader_Uy> he is talking about 11:55 bar
[12:01:40] <@wrbtrader> Yep...actually its a WRB Hidden GAP pt1
[12:01:59] <Volker> ok, I see
[12:02:37] <@wrbtrader> Emini ES futures above the R area of the most recent Down WRB Hidden GAP interval 1min chart
[12:03:22] <@wrbtrader> back inside the range of the prior contracting volatility before the recent Down WRB Hidden GAP interval
[12:03:44] <Trader_Uy> this is important information to me.. Ive seen in chapter 3 that you can use signals from your strategies to form a WRB zones too (if they qualify).. so what would happen using all KMEs zones + signals zones + other type of ways to identify a WRB zone.. wouldnt this mean we will end with a chart full of zones everywhhere?
[12:03:46] <@wrbtrader> same with Emini TF futures
[12:04:09] <@wrbtrader> Trader_Uy
[12:04:18] <@wrbtrader> already discussed earlier with you :)
[12:04:35] <@wrbtrader> Lots of KMEs never qualify as a WRB Zone
[12:04:48] <@wrbtrader> Lots of WRB Hidden GAPs never qualify as a WRB Zone
[12:05:32] <@wrbtrader> Thus, you'll end up with a chart with a few WRB Zones and then when the next one forms...the other ones "may" have closed (filled)
[12:06:05] <@wrbtrader> In addition...
[12:06:10] <@wrbtrader> Further filtering...
[12:06:21] <@wrbtrader> Everybody has a DIFFERENT trading style
[12:06:46] <@wrbtrader> Thus, some WRB Zones that are important to you or that you've learned and they've become your favorites...
[12:06:59] <@wrbtrader> They may not be important to someone else or not yet learned by someone else
[12:07:09] <Trader_Uy> I see.. this question was a little different to the rest I did thats why I asked it.. :) Im keeping all questions and replies on a .doc file so I can re-view them when in doubt
[12:07:44] <@wrbtrader> That's one of the primary difference beetween traditional S/R levels versus WRB Zones
[12:09:22] <@wrbtrader> Range days...WRB Zones usually get filled fast
[12:09:53] <@wrbtrader> Trend days...WRB Zones obviously last longer but you may not be able to use them until price action retraces
[12:10:10] <@wrbtrader> That's why you may not see me trading retracements too much...
[12:10:16] <@wrbtrader> on trend days
[12:10:33] <@wrbtrader> I'm just "waiting" for the price action to retrace back to a WRB Zone (unfilled)
[12:14:09] <@wrbtrader> Long Emini ES @ 1984.50 -> large size
[12:14:16] <@wrbtrader> 10 contracts
[12:15:09] <@wrbtrader> Exited all Emini ES Long @ 194.00 --> - 1790.5
[12:15:24] <@wrbtrader> correction...
[12:15:38] <@wrbtrader> Exited all Emini ES Long @ 1984.00 --> - 0.5
[12:16:14] <Volker> great live teaching, thank you - do you mark, draw or annotate anything in your charts? (didn't find that in your trading plan)
[12:17:57] <@wrbtrader> Shorts Emini ES @ 1982.25 -> large size
[12:18:06] <@wrbtrader> 10 contracts
[12:19:19] <@wrbtrader> I only annotate charts AFTER the close for my own personal records...usually just one chart of a problematic trade I took that I completely screwed up
[12:19:59] <@wrbtrader> Covered all Emini ES Short @ 1983.00 --> - 0.75
[12:22:09] <@wrbtrader> Shorts Emini ES @ 1983.00 -> large size
[12:22:18] <@wrbtrader> 10 contracts
[12:22:20] <@wrbtrader> re-entry
[12:22:45] <@wrbtrader> Emini TF pushing higher
[12:23:06] <@wrbtrader> Covered all Emini ES Short @ 1984.00 --> - 1
[12:23:19] <@wrbtrader> Emini TF still pushing
[12:25:32] <@wrbtrader> Long Emini ES @ 1986.75 -> large size
[12:25:41] <@wrbtrader> 10 contracts
[12:27:19] <@wrbtrader> still no WRB pt1
[12:27:26] <@wrbtrader> that makes me nervous
[12:27:40] <@wrbtrader> tightning trail @ profit
[12:30:11] <@wrbtrader> Exited all Emini ES Long @ 1989.75 --> + 3
[12:30:15] <@wrbtrader> WRB pt1 reached
[12:31:18] <Volker> can the entry bar become pt1 or must it be after the entry bar?
[12:32:36] <@wrbtrader> Yep...it saids not to wait for the interval to close in the trade management section
[12:32:54] <@wrbtrader> Thus, as soon as your profit target is reached...don't wait for the interval to close
[12:33:06] <@wrbtrader> There's a chance the interval can close as a loss
[12:33:20] <@wrbtrader> especially in today's markets...
[12:33:32] <@wrbtrader> Tons of those nasty "snap backs" in the price action
[12:34:11] <t4n> snaps are rude to me today :(
[12:34:34] <t4n> just missed a nice PT1 in CL via 1 tick stop placement too early
[12:34:35] <@wrbtrader> Yeah...I had a few today but had a decent trail stop put in after the WRB pt1 was reached
[12:34:57] <t4n> i feel ya
[12:35:00] <@wrbtrader> Thus, when the trail was hit...I only lost a few ticks of the WRB pt1 or got out at the WRB pt1 on the snap back
[12:35:20] <t4n> I'm still positive, but I'm leaving alot of PTs on the table
[12:35:25] <t4n> just snaps mostly
[12:36:01] <@wrbtrader> Yeah, they seem to come out of nowhere
[12:36:13] <t4n> it does reach the PT I expect, but choppy just before they occure
[12:36:35] <t4n> thus stopping my positive trail
[12:36:49] <t4n> midday now, so breaks are in order
[12:44:30] <@wrbtrader> Everytime I think volatility is done for the day...
[12:44:44] <@wrbtrader> It jumps up off the canvas and begins punching again
[12:45:48] <@wrbtrader> Nickname today for the volatility = Rocky Balboa
[12:47:02] <Volker> the AAPL stock is a good source of vola today, a lot of week hands...
[12:47:58] <Volker> weak
[12:49:12] <@wrbtrader> Yeah...check out AMZN too
[12:49:18] <@wrbtrader> Lots of WRB Hidden GAPs today
[12:49:35] <Volker> would you trade stocks as well?
[12:50:21] <@wrbtrader> Nope
[12:50:42] <@wrbtrader> Business wise...futures easy for my tax accountant
[12:51:00] <Volker> same in Germany :-)
[12:51:04] <@wrbtrader> Stocks only for investments...not for trading
[12:52:36] <Volker> Maybe I should programm a scanner for WRB HG for some major stocks to get a good feeling for the current market...
[12:56:54] <@wrbtrader> If you're going to use codes to identify WRB Hidden GAPs...
[12:57:03] <@wrbtrader> Please post the code at the TSL Support Forum
[12:57:11] <@wrbtrader> A lot of traders are looking for codes
[12:58:22] <@wrbtrader> Long Emini ES @ 1994.50 -> small size
[12:58:29] <@wrbtrader> 5 contracts
[12:59:29] <@wrbtrader> Exited all Emini ES Long @ 1994.25 --> - 0.25
[12:59:39] <@wrbtrader> punks :(
[13:00:55] <@wrbtrader> Long Emini ES @ 1994.00 -> small size
[13:01:06] <@wrbtrader> re-entry
[13:04:17] <@wrbtrader> Exited all Emini ES Long @ 1994.75 --> + 0.75
[13:04:24] <@wrbtrader> :(
[13:04:50] <@wrbtrader> lost my patience
[13:05:14] <@wrbtrader> I need to re-energize...was not prepare for this much volatility today
[13:05:20] <@wrbtrader> be back later
[13:22:31] <Tigerman__> take care all next time
[13:31:52] <@wrbtrader> Shorts Emini ES @ 1986.75 -> large size
[13:32:09] <@wrbtrader> 20 contracts
[13:32:48] <@wrbtrader> WRB pt1 reached
[13:33:41] <@wrbtrader> Covered all Emini ES Short @ 1986.50 --> + 0.25
[13:33:48] <@wrbtrader> snap back
[13:34:00] <@wrbtrader> I'm looking for a re-entry
[13:35:29] <@wrbtrader> Shorts Emini ES @ 1988.75 -> large size
[13:35:35] <@wrbtrader> 10 contracts
[13:38:15] <@wrbtrader> Covered all Emini ES Short @ 1988.00 --> + 0.75
[13:38:23] <@wrbtrader> correction...
[13:38:37] <@wrbtrader> Covered all Emini ES Short @ 1989.00 --> - 0.25
[13:39:06] <@wrbtrader> Emini ES retracing a key WRB Hidden GAP interval
[13:39:55] <@wrbtrader> Shorts Emini ES @ 1988.25 -> large size
[13:40:08] <@wrbtrader> 10 contracts
[13:40:12] <@wrbtrader> re-entry
[13:40:47] <@wrbtrader> Great entries on prior two trades...overall results = zero :(
[13:41:27] <@wrbtrader> should'uv taken a longer break
[13:43:16] <@wrbtrader> S&P 500 Retreats as Oil’s Drop Overshadows Dealmaking (bloomberg) @ http://www.bloomberg.com/news/2014-12-1 ... -rout.html
[13:44:14] <@wrbtrader> Shorts Emini ES @ 1988.75 -> Add
[13:44:40] <@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
[13:45:31] <@wrbtrader> Covered 1/2 Emini ES Short @ 1986.75 --> + 2
[13:45:37] <@wrbtrader> WRB pt1 reached
[13:46:28] <@wrbtrader> Covered Emini ES Short @ 1985.75 --> + 2.5
[13:46:31] <@wrbtrader> Holding 5 contract remainders
[13:47:57] <@wrbtrader> increasing my exit interval for these 5 contracts just in case I may have caught a runner...I won't know for sure until (if) it can reach 1982.00
[13:48:14] <@wrbtrader> trailing @ profit
[13:52:47] <@wrbtrader> Covered Remainder Emini ES Short @ 1987.75 --> + 0.5
[13:52:51] <@wrbtrader> :(
[13:57:34] <@wrbtrader> Shorts Emini ES @ 1986.75 -> large size
[13:57:50] <@wrbtrader> 10 contracts re-entry
[14:02:32] <@wrbtrader> The only award I get for trading in that low volatility tight trading range the past 30 minutes is the "Stupidity Award"
[14:03:01] <@wrbtrader> Covered all Emini ES Short @ 1986.25 --> + 0.5
[14:05:52] <Volker> posted the code for WRB and WRB_HG in the tutorial board (for quotetracker)
[14:11:35] <t4n> hoping oil drags minis down
[14:21:52] <@wrbtrader> Thanks Volker :)
[14:22:17] <@wrbtrader> I know there are some "quotetracker" users out there.
[14:22:23] <@wrbtrader> Hopefully they'll see your post
[14:23:08] <Volker> Maybe its of use for them...
[14:23:48] <@wrbtrader> I'll eventually move your thread to here @ http://www.thestrategylab.com/tsl/forum ... .php?f=225
[14:24:09] <@wrbtrader> That's the thread for "Formula Writing, Codes and Systems"
[14:24:42] <Volker> ok, that's better. didn't see that board...
[14:25:48] <@wrbtrader> big surge in volatility again in the Emini futures
[14:28:58] <Volker> we are now in the area of a previous WRB HG in the 5min...
[14:29:06] <t4n> scraps of the CL drop again.
[14:30:56] <t4n> :(, the time I should have trailed, i exited
[14:31:16] <t4n> all earlier trades were profit trail stops hit
[14:31:27] <t4n> that kind of stinks
[14:31:45] <t4n> I'm not done, but i'll quit for now
[14:33:26] <Trader_Uy> Hey volker thanks for your code. whats quotetracker?
[14:36:11] <Volker> Quutetracker is a charting software - works well with interactive brokers
[14:37:13] <Trader_Uy> will have to take a look to it.. do you know how to code in ninjatrader?
[14:39:06] <Volker> I don't use it. Should not be much different.
[14:44:22] <@wrbtrader> Shorts Emini ES @ 1986.00 -> large size
[14:44:40] <@wrbtrader> 15 contracts
[14:45:38] <@wrbtrader> WRB pt1 reached but I have a poor entry...will be lucky if I can escape this trade with a profit
[14:46:06] <Volker> you're lucky
[14:47:08] <@wrbtrader> Covered all Emini ES Short @ 1985.75 --> + 0.25
[15:01:12] <@wrbtrader> Shorts Emini ES @ 1986.50 -> large size
[15:01:35] <@wrbtrader> 10 contracts
[15:01:52] <@wrbtrader> snap back :(
[15:02:10] <@wrbtrader> Covered all Emini ES Short @ 1988.00 --> - 1.5
[15:03:06] <@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.
[15:04:41] <@wrbtrader> Shorts Emini ES @ 1987.25 -> large size
[15:05:00] <@wrbtrader> re-entry
[15:06:33] <@wrbtrader> Covered all Emini ES Short @ 1987.75 --> - 0.5
[15:12:51] <t4n> ouch
[15:12:57] <t4n> lost all my gains
[15:25:54] <@wrbtrader> :(
[15:26:12] <@wrbtrader> Take care all...got to go to one of my kids basketball games
[15:31:18] <t4n> I'm back out of the hole,
[15:31:24] <t4n> wondering if I should continue now
[16:00:37] <t4n> rough close
Session Close: Mon Dec 15 19:08:39 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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