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 Post subject: December 16th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Dec 17, 2014 12:47 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
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
Business Hours: 8am - 5pm est (Mon - Fri)
questions@thestrategylab.com (24/7)
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##TheStrategyLab (located on the Freenode IRC network) is free along with being a serious professional trading chat room for traders using WRB Analysis (e.g. Contracting Volatility, WRBs, WRB Hidden GAPs, WRB Zone, WRB/WRB Hidden GAP profit targets, Key Market Events, Reaction Highs/Lows, Expanding Volatility, WRB Zone, R area of WRB Zone, S area of WRB Zone) by itself or merged with other trade methods to improve the performance of those other trade methods regardless if you're a position trader, swing trader or day trader. Therefore, you're welcome to use the chat room to ask questions about WRB Analysis, post real-time price action trading analysis involving WRB Analysis merged with your own trade methods, post real-time trades or talk about general market issues impacting today's price action involving stocks, futures, exchange traded funds or forex currencies. In addition, we welcome all traders (beginners, experience, part-time, full-time) that are merging WRB Analysis with their trade methods or using WRB Analysis to help develop a better understanding of the price action (market context) they're trading.

##TheStrategyLab chat room is is primarily designed for you to use as a trade journal of your WRB Analysis or real-time trades with time stamp archive....giving you a better understanding of your broker statements from one trade to the next trade when you review your performance numbers on any given trading day in the past. Therefore, if you use our chat room...its highly recommended you post messages that reflect what you see in the price action on your monitors so that the chat room becomes your diary to correlate with your broker statements. Therefore, the usefulness of ##TheStrategyLab chat room is determined via your participation in the chat room.

Also, ##TheStrategyLab chat room is not designed to be educational. Simply, members using the chat room are not there to teach you how to trade and you will not see me discussing the reasons (strategies) behind my trades within ##TheStrategyLab chat room because those reasons (strategies) are only discussed with fee-base clients in a different chat room. Yet, if you want ##TheStrategyLab chat room to be educational or more active in discussing whatever it is that you're trading, we highly recommend that you ask trading related questions about your own trading instead of lurking (not saying anything) because your primary purpose is to improve your trading if you're a struggling trader. Therefore, don't join ##TheStrategyLab and then be silent. To be silent while using ##TheStrategyLab chat room, you'll be wasting a collaboration opportunity for improving your trading and doing such will make ##TheStrategyLab chat room useless to you.

Quote:
The chat room is only for traders learning or applying concepts of WRB Analysis. In addition, traders that use ##TheStrategyLab are required to post either one WRB Analysis price action commentary involving any key concept from the free study guide, one real-time trade or one general trading related commentary per day they log-in to the chat room. Yet, if the trader decides to post real-time trades (simulator or real-money)...the trades must be clear (not ambiguous) entry price/exit price and position size. Traders that consistently log-in and not post any price action commentary involving WRB Analysis or post ambiguous trades will be KICKED (removed) from the chat room. Exceptions to the chat room participation rule involves those traders that are actively posting elsewhere at TheStrategyLab.com (e.g. DOKs at their support forum in the public area or within their private threads)...these traders are then allowed to not participate in the chat room if that's what they prefer to do instead of asking for help with real-time WRB Analysis.

With that said, thanks for reading the trades, price action analysis or market commentaries that's below and we highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful market context information that's critical to understanding price action trading. To qualify for access to our free ##TheStrategyLab chat room that's located on the Freenode IRC network...please follow the instructions at the TSL Support Forum @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164

Attachment:
121614-Key-Price-Action-Markets.png
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click on the above image to view today's price action of key markets

Session Start: Tue Dec 16 08:26:28 2014
Session Ident: ##TheStrategyLab
[08:26:28] * Now talking in ##TheStrategyLab
[08:26:28] * 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'
[08:26:28] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:26:28] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:31:54] <@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.
[08:32:04] <@wrbtrader> Good morning all
[08:32:45] <DJay_> Morning Chief
[08:32:46] <@wrbtrader> I'm here early today...not normal for me
[08:33:08] <@wrbtrader> Ex-spouse out of the blue decided she wanted to take the kids to school
[08:33:26] <@wrbtrader> That free up my morning commute
[08:33:29] <DJay_> Early bird gets the worm ;o)
[08:35:00] <DJay_> ... as they say
[08:35:00] <Trader_Uy> gm
[08:39:13] <@wrbtrader> Gold GC futures and Crude Oil CL futures WILD ride in the overnight trading session...
[08:39:18] <@wrbtrader> crazy price action
[08:39:44] <@wrbtrader> I wish I was in a different time zone to be able to trade that stuff overnight
[08:41:05] <@wrbtrader> 54 dollar range for Crude Oil CL futures
[08:41:09] <@wrbtrader> Wow
[08:41:40] <@wrbtrader> I saw some predictions by Oil analysts...like $30 - $40 range by this time next year
[08:42:04] <@wrbtrader> Great for consumers...bad for world economies
[08:42:21] <@wrbtrader> Not sure how that is suppose to balance or not balance out
[08:44:17] <@wrbtrader> Link @ https://www.youtube.com/watch?v=r-n6IEXqLLQ
[08:44:23] <Volker> good morning
[08:44:31] <@wrbtrader> Ooops...wrong window...sorry about that
[08:50:49] <Volker> Ah, c'est francais, is it about WRB?
[08:52:40] <@wrbtrader> Not really...I'm in a conversation right now with someone (family friend) in the video that does live trading for a company that hires institutional traders
[08:53:49] <@wrbtrader> They give live real money presentations at Salon in Europe...similar to the Traders Expo of the U.S. (like the Trader
[08:54:53] <Volker> I see... I suppose, today would be a large position size day for the es mini... Am I right?
[08:55:15] <@wrbtrader> Yes but it depends upon the opening and some market tendencies
[08:55:38] <@wrbtrader> last Friday and yesterday Monday were high volatility trading days
[08:56:08] <@wrbtrader> primary reason why I moved quickly from Emini TF to Emini ES
[08:56:23] <@wrbtrader> Emini TF handles low volatility conditions better than Emini ES futures
[08:56:43] <@wrbtrader> In contrast, Emini ES futures handles high volatility market conditions better than Emini TF futures
[08:57:26] <Volker> but you don't stick to the TF because of liquidity reasons?
[08:57:30] <@wrbtrader> All trading instruments have their "best times to trade"...its normal but most traders ignore that critical fact
[08:57:44] <@wrbtrader> Liquidity issues is part of the volatility situation
[08:58:18] <@wrbtrader> TF gets manipulated more in high volatility...spreads and such
[08:58:57] <@wrbtrader> I have MORE no fills in TF during high volatility in comparison to low volatility market conditions
[08:59:36] <@wrbtrader> Its a problem that started when CME sold ER2 to ICE and that's when ER2 became known as TF
[09:00:28] <@wrbtrader> Rumor was that ICE wasn't as "transparent" with whom they were doing business with about the TF...
[09:00:44] <@wrbtrader> Lots of traders started not trusting whom were really involved...including myself
[09:01:57] <@wrbtrader> Old water under the bridge
[09:02:23] <Volker> They also started charging $85 for live data, even for private customers, no rebate :-(
[09:02:59] <@wrbtrader> They tried $125 but eventually settle down to the $85 range
[09:03:00] <Volker> at leasr via interactive brokers...
[09:03:36] <@wrbtrader> crazy what they did immediately after they got their hands on the Russell 2000 Emini
[09:04:49] <Volker> How would you compare the DAX to ES or TF. Would you trade it, if it was in your timezone?
[09:05:12] <@wrbtrader> I don't trade my primary trading instruments due to the time zone problem...
[09:05:15] <Volker> It's in the first row of your chart...
[09:05:16] <@wrbtrader> DAX is one of them
[09:05:55] <@wrbtrader> Others are Hang Seng HSI futures, CAC40 futures, FTSE100 futures and EuroFX 6E futures
[09:06:12] <@wrbtrader> I did when I was young and single...
[09:06:22] <@wrbtrader> Traded most of the day on very little sleep
[09:06:38] <@wrbtrader> Can't do that anymore...will go crazy
[09:06:47] <Volker> That's where experience comes from...
[09:07:33] <@wrbtrader> strongly agree
[09:08:12] <@wrbtrader> Crude Oil CL futures has retraced back upwards some prior Down WRB Hidden GAP intervals
[09:08:53] <Volker> How many screens are in front of you? 4 charts per market needs a lot of screen space...
[09:09:41] <@wrbtrader> I have 3 large screens with desktop and one laptop.
[09:10:28] <@wrbtrader> I have one backup computer with 2 medium screens but I usually don't turn that one on unless I'm having some problems with my main desktop
[09:11:06] <Volker> Do you switch between the markets or do you have everything opened at a smaller size?
[09:11:37] <@wrbtrader> what to you mean by "switch between markets" ?
[09:12:40] <Volker> I understand you follow TF, CL, ES, GOLD, FX... Do you have them open all the time?
[09:12:58] <@wrbtrader> Yes...all open at the same time
[09:13:07] <Volker> I see...
[09:13:20] <@wrbtrader> I don't need to change any charts if that's what you're asking in reference to switching markets
[09:13:56] <@wrbtrader> In contrast, when I'm traveling...one the laptop...I obviously do a TON of "switching markets" :)
[09:14:02] <Volker> Yes, that's what I meant. Sorry for my English. I will try that too
[09:15:50] <@wrbtrader> I try to minimize my use of the mouse when viewing charts
[09:16:36] <@wrbtrader> reason why some years back I decided to go with large screens after seeing such in person at the World Jrs Hockey Tournament
[09:16:56] <Trader_Uy> thats good info! I always get crazy when looking at many markets.. I only have two monitors so either I have to have all charts small or I have to switch ''workspaces'' everytime
[09:19:40] <Volker> You don't need that expensive graphic cards anymore. Look for 'DisplayLink' USB monitors. You can have 8 in a row...
[09:21:21] <@wrbtrader> better get good ventilation too in the room with that many monitors
[09:24:21] <@wrbtrader> Short Emini TF futures @ 1133.70 small size
[09:24:27] <@wrbtrader> 2 contracts
[09:27:55] <@wrbtrader> I don't know if anyone remembers...many years back Google had started its own "trading floor" to manage like +20 billion dollars
[09:28:18] <Tigerman__> gm all
[09:28:24] <@wrbtrader> some of those institutional traders they hired were former top Oil CL futures traders
[09:28:25] <t4n> yeah
[09:28:55] <@wrbtrader> I wonder if Google has been dipping its hands into Crude Oil lately
[09:29:07] <@wrbtrader> They don't disclose what they're doing :(
[09:29:49] <@wrbtrader> something to think about
[09:32:59] <@wrbtrader> Cover all Emini TF futures @ 1131.70 +2.00 points
[09:34:28] <@wrbtrader> KME @ 0945am est
[09:35:13] <Trader_Uy> lets see if that KME gives us a valid WRB zone
[09:36:50] <@wrbtrader> Emini TF looks like it wants to close its regular session gap
[09:41:06] <@wrbtrader> Emini TF has closed its regular session GAP
[09:45:47] <Lightenup> a lot of big snap backs in TF
[09:46:29] <Lightenup> not giving WRBHG
[09:47:54] <Tigerman__> lg iwm 86
[09:48:19] <Tigerman__> exit all iwm 113.90 +4 tk
[09:49:08] <Tigerman__> just intuition trade
[09:49:25] <@wrbtrader> Yeah...not much to bite on just yet
[09:50:03] <Tigerman__> yep price too much contracting while rising in up price
[09:50:09] <@wrbtrader> exactly
[09:55:19] <@wrbtrader> Shorts Emini ES @ 1979.00 -> large size
[09:55:30] <@wrbtrader> 10 contracts
[09:58:05] <Tigerman__> sh iwm 88
[09:58:14] <Tigerman__> ex 1/2 86 +2
[09:58:33] <Tigerman__> exit all 82+6 tk
[09:58:47] <Tigerman__> dam while my platform is very slow
[09:59:03] <@wrbtrader> Covered all Emini ES Short @ 1978.25 --> + 0.75
[09:59:14] <@wrbtrader> WRB pt1 reached
[09:59:19] <Tigerman__> simply need to update system and configuration
[09:59:25] <@wrbtrader> I think I had my trail too tight :(
[09:59:37] <@wrbtrader> got pick pocketed too easy after the adjustment
[09:59:39] <Tigerman__> too busy in personal thing but I ll do it soon
[10:00:13] <@wrbtrader> See how price action is choppy all over the place...
[10:00:43] <@wrbtrader> At the end of the trading day...hindsight charts don't show the choppiness in the price action
[10:00:53] <@wrbtrader> Hindsight charts looks nice
[10:01:32] <@wrbtrader> In contrast, trading in it is completely different story because we see how EACH interval moves up and down...the choppy flow of the price action
[10:01:49] <@wrbtrader> That's the flaw with hindsight chart learning...
[10:02:02] <@wrbtrader> It should be minimized as much as possible in my opinion
[10:02:39] <Tigerman__> sh iwm 92
[10:03:00] <Tigerman__> exit all 88 +4tk
[10:03:08] <Tigerman__> small size
[10:03:16] <Tigerman__> grr need a larger size here
[10:03:38] <Tigerman__> to recup got some small loss in some trades not reported here
[10:03:55] <Tigerman__> simply too fast action to trade and post
[10:05:35] <t4n> sheesh, TF and CL "choppy flow" wore me out already
[10:06:19] <Tigerman__> sh iwm 89
[10:06:27] <Tigerman__> extit 1/2 89 0
[10:06:36] <Tigerman__> exit all rem 86 + 3tk
[10:06:49] <Tigerman__> anyway too choppy
[10:07:15] <Tigerman__> but hey I learn to not became too much nervous in this ugly price action :)
[10:07:27] <@wrbtrader> Shorts Emini ES @ 1977.00 -> large size
[10:07:28] <Tigerman__> like now :(
[10:07:49] <@wrbtrader> 10+5 contracts
[10:08:10] <@wrbtrader> intuition
[10:08:13] <t4n> TF chopped like crazy before giving in
[10:08:38] <@wrbtrader> This could be my only trade for awhile because I really do not like this type of price action
[10:08:46] <Tigerman__> mee too
[10:08:54] <@wrbtrader> The last two trading days has spoiled us
[10:09:02] <Tigerman__> wow :( :(
[10:09:15] <Tigerman__> sh iwm 113.64
[10:09:30] <Tigerman__> exit 1/2 62 +2t
[10:09:48] <Tigerman__> exit all rem 58 +6tk
[10:10:10] <Tigerman__> wow I spot the direction right but the chop scared me :((
[10:10:23] <Tigerman__> wow and continue...
[10:11:02] <Tigerman__> need rise my size a little bit and keep a rimander for the final shake down when occur like now
[10:11:28] <Tigerman__> instead to close averything early
[10:13:13] <t4n> i'm taking an early break
[10:13:37] <t4n> being long CL and short TF but not participating in the big move, frutrates me
[10:14:55] <@wrbtrader> trailing @ profit
[10:14:57] <Tigerman__> sh iwm 39
[10:15:02] <@wrbtrader> WRB pt1 reached
[10:15:07] <Tigerman__> ex 1/2 37 +2t
[10:15:17] <Tigerman__> exit all 34 +5tk
[10:15:24] <@wrbtrader> Covered all Emini ES Short @ 1975.25 --> + 1.75
[10:15:28] <@wrbtrader> :(
[10:15:33] <@wrbtrader> geeesh
[10:15:55] <@wrbtrader> As soon as I adjusted that trail...it got stolen :(
[10:16:24] <@wrbtrader> volatility suddenly increasing out of nowhere
[10:16:27] <Tigerman__> yeah same to me a big spike reatrace now
[10:17:47] <@wrbtrader> be back later
[10:42:52] <@wrbtrader> Shorts Emini ES @ 1982.50 -> large size
[10:43:08] <@wrbtrader> 10 contracts
[10:43:28] <Tigerman__> sh iwm 113.51
[10:44:28] <Tigerman__> exit all 60 -9t
[10:44:43] <Tigerman__> I ll look again x short
[10:45:32] <@wrbtrader> Covered all Emini ES Short @ 1983.50 --> - 1
[10:46:55] <Trader_Uy> can we use WRB analysis to trade options?
[10:47:05] <@wrbtrader> I've never tried it
[10:47:26] <Trader_Uy> heard of people making million trading options :P
[10:47:40] <@wrbtrader> Options have charts...correct ?
[10:47:59] <@wrbtrader> If so, try WRB Analysis on charts for options...only way to find out
[10:48:07] <Trader_Uy> yes.. I guess thats the asnwer to my question
[10:48:53] <Volker> IMO option makets are market maker driven...
[10:49:44] <Trader_Uy> so act like one of them :D
[10:50:05] <Volker> On volatility the spreads widens surprisingly...
[10:51:09] <Tigerman__> sh iwm 113.94
[10:51:20] <@wrbtrader> Long Emini ES @ 1984.75 -> large size
[10:51:34] <@wrbtrader> 10 contracts
[10:52:37] <Tigerman__> exit all 07 -13
[10:52:54] <Volker> Was that 1min?
[10:53:46] <@wrbtrader> Exited all Emini ES Long @ 1987.50 --> + 2.75
[10:53:53] <@wrbtrader> early exit
[10:53:58] <@wrbtrader> not a WRB pt1
[10:54:11] <@wrbtrader> sideline...will just watch awhile
[10:55:04] <Tigerman__> lg iwm 21
[10:55:06] <Tigerman__> intuit
[10:56:07] <Tigerman__> exit 1/2 31 +10t
[10:58:18] <Tigerman__> exit 1/3 41 +20 t
[11:02:39] <Tigerman__> exit all rem 114.27 +6tk
[11:15:29] <Tigerman__> lg iwm 114.45
[11:17:51] <Tigerman__> exit 1/2 60 +15t
[11:19:31] <Tigerman__> exit all rem iwm 114.75 +30 tk
[11:22:19] <@wrbtrader> ok i'm back
[11:23:04] <Tigerman__> ok menwhile price in TF iwm rise a lit
[11:23:32] <Tigerman__> but in a tricky way not easy to enter
[11:25:10] <t4n> jeez
[11:25:15] <t4n> CL blasting away
[11:25:18] <@wrbtrader> Long Emini ES @ 2000.50 -> large size
[11:25:37] <t4n> missed the largest part, the real panic
[11:26:13] <Tigerman__> lg iwm 114.96
[11:27:03] <Tigerman__> exit 115.03 +7 tk exit via fear
[11:27:28] <@wrbtrader> Exited all Emini ES Long @ 2003.75 --> + 3.25
[11:27:50] <Tigerman__> exit 1/3 03 +7t
[11:28:06] <@wrbtrader> I have an incredible headache...
[11:28:37] <@wrbtrader> tough to keep my eyes on the monitor...
[11:29:20] <@wrbtrader> This is a huge up movement
[11:29:42] <Tigerman__> exit all rem IWM 115.16 +20tk
[11:29:43] <t4n> oil did it
[11:29:48] <@wrbtrader> Agree
[11:29:49] <t4n> my guess
[11:29:56] <@wrbtrader> Its been all about Oil lately
[11:30:00] <t4n> lots of focus on oil in the news these dayes
[11:30:04] <t4n> -e
[11:30:23] <@wrbtrader> Be back later...going to rest my eyes
[11:30:28] <t4n> i picked a bad day to focus on TF instead of CL
[11:43:33] <Lightenup> Long tf @ 1151.0
[11:44:13] <Lightenup> Flat TF @ 1151.5 +.5
[12:06:59] <Tigerman__> take care all see next time
[12:07:04] <@wrbtrader> Shorts Emini ES @ 1999.50 -> large size
[12:07:20] <@wrbtrader> 20 contracts
[12:09:10] <@wrbtrader> Covered all Emini ES Short @ 1999.25 --> + 0.25
[12:09:27] <@wrbtrader> looks like I found the chop :(
[12:13:35] <@wrbtrader> Shorts Emini ES @ 1999.75 -> large size
[12:13:46] <@wrbtrader> re-entry
[12:17:50] <@wrbtrader> Covered all Emini ES Short @ 1999.75 --> 0
[12:18:11] <@wrbtrader> shame it couldn't roll over :(
[12:18:20] <@wrbtrader> need to be careful here...
[12:18:32] <@wrbtrader> Its setup to rollover...may do a re-entry again
[12:19:36] <@wrbtrader> Shorts Emini ES @ 1999.75 -> large size
[12:19:44] <@wrbtrader> re-entry
[12:20:12] <@wrbtrader> geeesh
[12:23:09] <Trader_Uy> almost WRB mark
[12:24:29] <@wrbtrader> my headache has returned and I'm trying hard to hold on to this trade without doing an early exit
[12:25:25] <Trader_Uy> blame your ex-spouse :D
[12:25:28] <Volker> When I have headache I take Asperic (ASS) and drink a lot water...
[12:26:23] <t4n> ass, really...
[12:26:48] <Trader_Uy> what I recommend a lot is doing meditation
[12:26:57] <Trader_Uy> and breathing excersices
[12:27:27] <Trader_Uy> everymorning 20min
[12:27:50] <Trader_Uy> you will see how your performance and life heath increases
[12:31:07] <Trader_Uy> lot of contraction
[12:31:38] <@wrbtrader> Covered all Emini ES Short @ 1998.75 --> + 1
[12:32:01] <Volker> Why is the ES so stable? There is vola in CL, many stocks are volatile...
[12:32:39] <@wrbtrader> What do you meant...like at this very minute or like all today ?
[12:32:53] <@wrbtrader> ES has been volatile today
[12:33:00] <Volker> The last 20 minutes...
[12:35:04] <@wrbtrader> ES is a heavy traded firm (institutional futures trading instrument)
[12:36:01] <@wrbtrader> It usually ranks in the top 10 liquidity futures instrument in the world and ranks in the top 15 in volatility in the world...
[12:36:05] <@wrbtrader> Overall average
[12:36:41] <@wrbtrader> Its just not fun to trade when it contracts...horrible trading instrument to trade in contraction
[12:37:03] <@wrbtrader> I've seen more traders "blow up" trading Emini ES when its contracting than any other trading instrument
[12:38:22] <@wrbtrader> Its just hypnotizing...people act like its the only thing they can trade when its no longer volatile
[12:39:41] <Trader_Uy> when its now longer volatile you swtich to TF right?
[12:39:56] <Volker> ...and 1/4 point as spread is quite a lot in low vola area...
[12:40:03] <@wrbtrader> Not exactly
[12:40:10] <@wrbtrader> I always trade Emini TF
[12:40:40] <@wrbtrader> I will just heavily trade something else if theres a key volatility change in the market...
[12:40:50] <@wrbtrader> Like what we've seen since late Thursday evening
[12:40:54] <@wrbtrader> last week
[12:41:07] <@wrbtrader> Normal volatility spikes...I just trade normal
[12:41:27] <@wrbtrader> Unusual volatility...like the past few trading days...
[12:41:36] <@wrbtrader> I make a major change in how I trade
[12:42:16] <Trader_Uy> you would have had negative rsults if continued trading TF this week?
[12:43:17] <@wrbtrader> More like extremely LESS profits in comparison to trading Emini ES
[12:43:50] <@wrbtrader> You'll be surprise by how many traders didn't "feel" a major volatility change last Friday
[12:43:57] <Trader_Uy> for me it would be hard to realize when to switch from tf to ES
[12:44:15] <@wrbtrader> Shorts Emini ES @ 1997.50 -> large size
[12:44:22] <@wrbtrader> re-entry
[12:44:39] <@wrbtrader> too close to the S area of the most recent contracting volatility
[12:44:46] <@wrbtrader> now below it
[12:45:01] <@wrbtrader> Hopefully it can stay like that without a snapback upwards
[12:45:14] <@wrbtrader> WRB Hidden GAP pt1 reached
[12:45:36] <@wrbtrader> major change in supply/demand right now
[12:47:37] <Trader_Uy> HG on most charts
[12:49:34] <Trader_Uy> what time frame was this trade based on?
[12:50:29] <@wrbtrader> Covered all Emini ES Short @ 1996.25 --> + 1.25
[12:51:04] <@wrbtrader> 1min and 3min
[12:52:52] <@wrbtrader> trying to rollover again
[12:53:01] <@wrbtrader> If it does...I'll just watch
[12:53:15] <Trader_Uy> on the 15min chart there was a hidded Gap thats almost filled.. wouldbt be that a good place to place a pt?
[12:53:48] <@wrbtrader> Maybe yesterday and Friday...volatility was stronger
[12:54:14] <@wrbtrader> a lot more contraction today in comparison to the past 2 trading days
[12:54:46] <Trader_Uy> Vix stills above 20
[12:54:57] <Trader_Uy> thats a good sign of volatily right?
[12:55:18] <@wrbtrader> Hope it goes higher for the remainder of the week instead of just staying in a range
[12:58:42] <@wrbtrader> another obvious S area building for the most recent contracting volatility
[12:59:10] <@wrbtrader> Eminis trying hard to push below it
[13:18:22] <@wrbtrader> Shorts Emini ES @ 1983.00 -> large size
[13:18:35] <@wrbtrader> 10 contracts
[13:19:08] <@wrbtrader> Shorts Emini ES @ 1983.50 -> Add
[13:20:16] <@wrbtrader> Covered 1/2 Emini ES Short @ 1984.25 --> - 0.75
[13:20:34] <@wrbtrader> Covered Remainder Emini ES Short @ 1984.75 --> - 1.75
[13:21:21] <@wrbtrader> Shorts Emini ES @ 1984.75 -> large size
[13:21:34] <@wrbtrader> snap back on the prior trade
[13:21:47] <@wrbtrader> still trying to do such
[13:21:55] <@wrbtrader> 20 contracts
[13:22:33] <@wrbtrader> :(
[13:23:17] <Volker> yesterdays close a resistance...
[13:23:24] <Volker> support...
[13:25:08] <@wrbtrader> Covered all Emini ES Short @ 1982..75 --> + 1984.75 - 1982..75
[13:25:23] <Trader_Uy> 2 points
[13:25:42] <@wrbtrader> 1982.50 and 1982.75
[13:26:24] <@wrbtrader> I was a little better prepared for the snapback this time because it bounced of the same price as it did before in the prior trade that took me out for a loss
[13:27:09] <@wrbtrader> Shorts Emini ES @ 1982.50 -> large size
[13:27:17] <@wrbtrader> re-entry
[13:27:59] <@wrbtrader> hopefully it doesn't bounce (snap back upwards) this time on its 3rd attempt
[13:30:07] <@wrbtrader> ES all over the place :(
[13:31:44] <@wrbtrader> Covered all Emini ES Short @ 1981.00 --> + 1.5
[13:32:16] <@wrbtrader> another snap back
[13:32:33] <@wrbtrader> Emini ES is fighting hard to try to find some legs to stand up on
[13:33:39] <@wrbtrader> These recent trades have been via the 5min regular session chart in Emini ES futures
[13:34:13] <Trader_Uy> thats good to know
[13:34:24] <@wrbtrader> I've been reacting to the price action as it moves back n forth to that R area of the Up WRB Hidden GAP interval 1015am - 1020am est
[13:34:47] <@wrbtrader> R area = 1984.00
[13:34:49] <Trader_Uy> maybe long now
[13:35:36] <@wrbtrader> Long Emini ES @ 1985.25 -> large size
[13:36:51] <@wrbtrader> :(
[13:37:13] <@wrbtrader> Exited all Emini ES Long @ 1985.25 --> 0
[13:37:20] <Trader_Uy> I had my entry at 1984.50 but didnt get filled
[13:38:25] <@wrbtrader> :)
[13:39:01] <@wrbtrader> same here...I then market order in @ 1985 and got filled @ 1985.25
[13:39:26] <@wrbtrader> Long Emini ES @ 1985.50 -> large size
[13:39:31] <Trader_Uy> now I got filled took 1/2 at 6ticks
[13:39:42] <@wrbtrader> 10 contracts
[13:40:01] <@wrbtrader> re-entry
[13:41:40] <@wrbtrader> Exited all Emini ES Long @ 1988.75 --> + 3.25
[13:41:53] <@wrbtrader> WRB pt1 reached
[13:54:32] <Trader_Uy> was that hidden Gap 1015am - 1020am a Zone?
[15:06:21] <t4n> tf going back into that crappy price area after 1330
[15:08:48] <@wrbtrader> Yes...its a WRB Zone
[15:11:22] <@wrbtrader> Shorts Emini ES @ 1983.75 -> large size
[15:11:49] <@wrbtrader> 10 contracts
[15:13:23] <@wrbtrader> I'll call it quits here if it pops down and then snaps back up to take me out :(
[15:14:50] <@wrbtrader> trade via the 5min chart
[15:16:05] <Volker> is it still to zone from 10:15?
[15:17:33] <@wrbtrader> Please read the chapter 2
[15:17:43] <@wrbtrader> involving filled and unfilled Zones
[15:18:07] <@wrbtrader> Covered all Emini ES Short @ 1983.50 --> + 0.25
[15:18:32] <Volker> ok, it's unfilled, but I wasn't sure if it's a valid zone...
[15:19:00] <@wrbtrader> Trader_Uy already asked that question...I then answered it
[15:19:42] <@wrbtrader> [13:54:32] <Trader_Uy> was that hidden Gap 1015am - 1020am a Zone?
[15:19:42] <@wrbtrader> [15:06:21] <t4n> tf going back into that crappy price area after 1330
[15:19:42] <@wrbtrader> [15:08:48] <@wrbtrader> Yes...its a WRB Zone
[15:20:56] <Volker> Did confuse my charts. Sorry for that.
[15:21:47] <Volker> I meant ES not TF...
[15:23:29] <@wrbtrader> Shorts Emini ES @ 1983.50 -> large size
[15:23:52] <@wrbtrader> my last attempt to Short this particular price action
[15:24:12] <@wrbtrader> Its been choppy for about 30 minutes
[15:24:58] <@wrbtrader> WRB pt1 reached
[15:25:41] <@wrbtrader> Covered all Emini ES Short @ 1979.25 --> + 4.25
[15:25:59] <@wrbtrader> WRB pt2 reached
[15:26:55] <@wrbtrader> Take care all and see all tomorrow
Session Close: Wed Dec 17 00:00:00 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
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