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 Post subject: December 17th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Dec 19, 2014 9:22 pm 
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Trader / Forum Admin

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:
121714-Key-Price-Action-Markets.png
121714-Key-Price-Action-Markets.png [ 1.71 MiB | Viewed 242 times ]

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

Session Start: Wed Dec 17 09:27:04 2014
Session Ident: ##TheStrategyLab
[09:27:04] * Now talking in ##TheStrategyLab
[09:27:04] * 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'
[09:27:04] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:27:05] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:35:48] <wrbtrader> Good morning
[09:35:51] <Guest55463> gm
[09:35:59] <Trader_Uy> Gm
[09:36:01] <Lightenup> good morning
[09:36:01] <t4n> gm
[09:36:23] * Guest55463 is now known as Volker
[09:37:50] <Tigerman__> gm all
[09:37:58] <Tigerman__> f...k my plaform
[09:38:07] <Tigerman__> seems I need X Trader
[09:38:21] <Tigerman__> very slow :((
[09:38:57] <wrbtrader> KMEs @ 1030am, *1400pm and 1430pm est
[09:39:23] <wrbtrader> *FOMC Announcement
[09:39:50] <Tigerman__> 14 pm matters
[09:40:21] <Tigerman__> same bad action at startys
[09:56:56] <Tigerman__> junk action
[10:08:36] <Trader_Uy> no trades today mark?
[10:08:58] <Trader_Uy> or maybe waiting on FOMC to happen
[10:13:31] <wrbtrader> TraderUy...please read Tigerman price action commentary
[10:13:57] <wrbtrader> Perfect type of price action for "losses"
[10:19:31] <wrbtrader> Simply, trade only when you have a trade signal
[10:19:33] <wrbtrader> :)
[10:21:14] <wrbtrader> Also, just in case nobody notice...volatility sucks
[10:21:57] <wrbtrader> Yet, not sure why there's so much contraction today so far
[10:33:18] <wrbtrader> Anybody notice the big volatile price drop in Oil CL futures in the past 10 minutes
[10:33:35] <t4n> KME
[10:33:48] <wrbtrader> Yep
[10:34:23] <t4n> HO retraced the 1030 WRB quick
[10:34:25] <wrbtrader> Hopefully some of that volatility will inspire decent price movement in the Emini futures
[10:34:43] <wrbtrader> In reference to CL or HO futures
[10:35:39] <rwbil1> CL had gone expontial up and then got wacked http://screencast.com/t/hfnQV4ykGa
[10:38:59] <wrbtrader> Oil CL futures has now completely retraced its KME "first WRB Hidden GAP" interval
[10:40:09] <wrbtrader> In fact, its retracement started as a bounce out of an earlier Up WRB Hidden GAP interval (0927am - 0930am est) price action
[10:40:28] <wrbtrader> That earlier WRB Hidden GAP was also a WRB Zone
[10:41:12] <wrbtrader> Just as important...that WRB Zone is still NOT filled.
[10:41:39] <wrbtrader> Thus, good place to look for trade opportunities in Oil CL futures if the price action returns
[10:41:46] <wrbtrader> Long or Short
[10:43:42] <wrbtrader> Oil CL futures now inside the price area of a different WRB Zone
[10:43:48] <wrbtrader> 3min chart
[10:44:17] <wrbtrader> regular session chart yesterday 1151am - 1154am est
[10:44:26] <wrbtrader> big Down WRB Hidden GAP interval
[10:46:11] <@wrbtrader> Oil CL futures now retesting the R area of that Down WRB Hidden GAP interval
[10:46:22] <@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.
[11:16:54] <Tigerman__> see all later for 14pm news
[11:23:40] <rwbil1> TF UP WRB breaking R
[11:58:52] <t4n> Whoa, CL went vertical
[11:59:36] <t4n> deceptive day
[12:25:21] <rwbil1> TF Price coming back into an early UP WRB HG
[12:26:31] <rwbil1> http://screencast.com/t/kU3iEoHUSxAU
[13:12:58] <@wrbtrader> A day of shopping, posting chit chat messages online and headaches from yesterday now gone...
[13:13:12] <@wrbtrader> Lets get ready to rumble...FOMC around the corner
[13:35:26] <t4n> market looks exhausted
[13:36:22] <t4n> CL that is
[13:36:50] <@wrbtrader> beware of the sleeping giant
[13:37:13] <@wrbtrader> Oil CL futures has been range bound awhile now
[13:37:34] <@wrbtrader> Hopefully the tighning in contraction will setup a big bang for the FOMC
[13:45:55] <@wrbtrader> Oil smashed below the S area of its most recent low volatility range price action
[13:47:41] <@wrbtrader> Shorts Emini ES @ 1986.00 -> large size
[13:48:08] <@wrbtrader> 10+10 contracts
[13:49:01] <@wrbtrader> Emini ES futures inside the range of an earlier unfilled WRB Hidden GAP interval...bounced out of it
[13:49:35] <Trader_Uy> on wich TF mark?
[13:50:23] <@wrbtrader> 1min, 2min, 5min
[13:54:12] <@wrbtrader> tightning stop/loss protection...2pm est around the corner
[13:55:20] <@wrbtrader> Emini TF futures fighting too hard to stop going lower :(
[13:55:42] <@wrbtrader> Hopefully it doesn't try to be a learder going into this FOMC
[13:55:59] <@wrbtrader> meant leader
[13:56:08] <Tigerman__> good afternoon
[13:56:42] <Tigerman__> price dancing nowhere here
[13:58:07] <@wrbtrader> Covered all Emini ES Short @ 1988.25 --> - 2.25
[13:58:24] <@wrbtrader> TF pushing higher...oil has stalled :(
[13:59:58] <t4n> choppy data now
[14:01:34] <@wrbtrader> Long Emini ES @ 2000.25 -> large size
[14:03:43] <@wrbtrader> Exited all Emini ES Long @ 2004.25 --> + 4
[14:05:11] <@wrbtrader> Long Emini ES @ 2002.50 -> large size
[14:05:20] <@wrbtrader> 10 contracts
[14:06:40] <@wrbtrader> Exited all Emini ES Long @ 2000.50 --> - 2
[14:07:16] <t4n> cl not helping much
[14:07:20] <@wrbtrader> Long Emini ES @ 2000.00 -> large size
[14:07:28] <@wrbtrader> re-entry
[14:07:33] <@wrbtrader> 10 contracts
[14:08:32] <@wrbtrader> Exited all Emini ES Long @ 1999.50 --> - 0.5
[14:09:09] <@wrbtrader> I tried following the price action of Emini TF futures in these Emini ES trades in the recent two trades...
[14:09:12] <@wrbtrader> tough
[14:10:24] <@wrbtrader> Long Emini ES @ 2000.50 -> large size
[14:10:33] <@wrbtrader> 10 contracts
[14:10:36] <@wrbtrader> re-entry
[14:14:27] <@wrbtrader> Exited all Emini ES Long @ 2005.25 --> + 4.75
[14:15:15] <@wrbtrader> Emini TF had a WRB pt1 but it stalled afterwards...too much contraction in the volatilty had shown up
[14:15:31] <@wrbtrader> reason why I dumped the Emini ES futures Long position
[14:16:13] <@wrbtrader> I had consider taking the trade in Emini TF but the spreads got strange at times
[14:16:31] <@wrbtrader> Thus, I went into Emini ES instead even though trade signal was for Emini TF futures
[14:16:55] <Trader_Uy> they correlate well right?
[14:17:03] <@wrbtrader> sometimes
[14:17:30] <@wrbtrader> correlation has lesson a lot in the past year
[14:20:20] <@wrbtrader> Shorts Emini ES @ 2001.50 -> large size
[14:20:34] <@wrbtrader> 10 contracts
[14:23:23] <@wrbtrader> Covered all Emini ES Short @ 2001.25 --> + 0.25
[14:23:45] <@wrbtrader> :(
[14:24:12] <t4n> cl retraced the major pop
[14:26:37] <@wrbtrader> ES froze in the water :(
[14:27:24] <@wrbtrader> Emini ES futures starting behave like its old self...barely moves while the volatility goes into Emini TF futures
[14:39:28] <t4n> tf running into an old KME i marked on 11 dec
[14:41:29] <t4n> TF still wants to follow oil
[14:45:52] <@wrbtrader> Shorts Emini ES @ 1991.25 -> large size
[14:46:02] <@wrbtrader> ouuch
[14:46:12] <@wrbtrader> 10 contracts
[14:46:22] <@wrbtrader> caught in some strange chop
[14:46:51] <@wrbtrader> Covered all Emini ES Short @ 1992.25 --> - 1
[14:47:26] <@wrbtrader> Shorts Emini ES @ 1993.75 -> large size
[14:47:32] <@wrbtrader> re-entry
[14:47:43] <@wrbtrader> I now see why ES did what it did
[14:48:07] <@wrbtrader> I didn't even notice that S area of the big Up WRB Hidden GAP interval (unfilled)
[14:48:09] <@wrbtrader> :(
[14:48:22] <@wrbtrader> I see it now...a little too late
[14:50:19] <@wrbtrader> Covered all Emini ES Short @ 1990.75 --> + 3
[14:50:37] <@wrbtrader> WRB pt1 reached
[14:50:41] <@wrbtrader> it wasn't easy
[14:50:49] <@wrbtrader> bounced all over the place
[14:54:25] <t4n> cl nearing 1030 kme area
[14:54:48] <@wrbtrader> Emini ES futures didn't spend too much time below that S area
[14:55:08] <@wrbtrader> in reference to the KME first WRB Hidden GAP interval
[14:56:57] <Trader_Uy> my first hidded gap is right at the KME
[14:59:44] <@wrbtrader> Shorts Emini ES @ 1991.75 -> large size
[14:59:57] <@wrbtrader> 10 contracts
[15:00:16] <@wrbtrader> volatility just showed up again
[15:01:35] <@wrbtrader> Covered Emini ES Short @ 1985.75 --> + 6
[15:01:45] <@wrbtrader> Holding 2 contract remainders
[15:01:55] <@wrbtrader> WRB Hidden GAP pt1 reached
[15:03:00] <@wrbtrader> Last week or so...big price movements have occurred soon after I call it quits for the day when I go to my kids sports practice or games
[15:03:16] <@wrbtrader> Hopefully I can hold these few contracts
[15:03:30] <@wrbtrader> not looking good on the bounce back
[15:03:32] <@wrbtrader> :(
[15:13:01] <@wrbtrader> Covered Remainder Emini ES Short @ 1991.25 --> + 0.5
[15:13:33] <@wrbtrader> Emini ES retesting the R area of its most recent Down WRB Hidden GAP interval 1min chart
[15:22:05] <@wrbtrader> In this particular price area...lots of mixed information about the Emini futures
[15:27:03] <@wrbtrader> Take care all and see all tomorrow
[16:04:24] <Tigerman__> take care all see next time
Session Close: Wed Dec 17 19:50:16 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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