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 Post subject: December 22nd Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Jan 01, 2015 9:23 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
Session Start: Mon Dec 22 09:00:40 2014
Session Ident: ##TheStrategyLab
[09:00:40] * Now talking in ##TheStrategyLab
[09:00:40] * 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'
[09:00:40] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:00:40] -kornbluth.freenode.net:##TheStrategyLab- [freenode-info] channel flooding and no channel staff around to help? Please check with freenode support: http://freenode.net/faq.shtml#gettinghelp
[09:00:41] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:15:09] <Trader_Uy> Gm guys
[09:23:51] <Volker> gm
[09:33:09] <Volker> KME @ 1000am est
[09:46:47] <wrbtrader> Long Emini ES @ 2071.50 -> large size
[09:47:21] <wrbtrader> 10 contracts
[09:48:38] <@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.
[09:52:25] <@wrbtrader> trade via 1min chart, WRB Zone via a basic tutorial chapter 3 (involving using a prior trade signal as a WRB Zone) and its also a chapter from advance tutorial chapters 5 - 12
[09:52:58] <@wrbtrader> Emini ES futures rolling over southward now
[09:53:51] <@wrbtrader> Its trying hard to re-enter the price area of its regular session opening GAP
[09:54:51] <@wrbtrader> pening 1000am est KME
[09:55:54] <@wrbtrader> Long Emini ES @ 2070.75 -> Add
[09:56:16] <@wrbtrader> 5 added
[10:01:28] <@wrbtrader> Exited 1/3 Emini ES Long @ 2071.25 --> + 0.5
[10:02:14] <@wrbtrader> Exited Remainder Emini ES Long @ 2069.50 --> - 2
[10:03:12] <@wrbtrader> Shorts Emini ES @ 2068.75 -> large size
[10:03:25] <@wrbtrader> 10 contracts
[10:04:18] <@wrbtrader> Shorts Emini ES @ 2069.25 -> Add
[10:04:29] <@wrbtrader> 10 added
[10:07:07] <@wrbtrader> VIX in a slow decline still since Friday :(
[10:08:10] <@wrbtrader> more and more contraction in the volatility...
[10:08:19] <@wrbtrader> prices moving up and down in a tight trading range
[10:09:10] <@wrbtrader> Covered 1/2 Emini ES Short @ 2070.50 --> - 1.25
[10:09:40] <@wrbtrader> Covered Remainder Emini ES Short @ 2070.50 --> - 1.75
[10:14:21] <Trader_Uy> maybe TF better for this crappy volatility
[10:14:50] <@wrbtrader> not yet...its worse
[10:15:24] <@wrbtrader> If it stays like this another day...Emini TF will be the better trading instrument to handle extremely low volatility like this
[10:15:59] <@wrbtrader> Oil CL futures right now has the better price movment but not by much
[10:18:08] <@wrbtrader> Long Emini ES @ 2072.50 -> large size
[10:18:20] <@wrbtrader> 5+10+5 contracts
[10:18:37] <@wrbtrader> first signs of increasing volatility but it too is struggling to hold
[10:18:39] <Lightenup> Ym just took out todays high from opening spike
[10:20:32] <@wrbtrader> ES struggle again after hitting that 2073 price level :(
[10:20:51] <@wrbtrader> Essentially its the top of the low volatility tight trading range
[10:21:40] <@wrbtrader> in reference to how WRBs are reacting to it
[10:23:39] <@wrbtrader> A ton of 1 - 2 contract trades today in Emini TF futures...I've only seen a few times today some size above 5 contracts
[10:24:15] <Volker> Does not look like institutional trade size...
[10:24:51] <@wrbtrader> Thus, I'm not sure if 10 contract trades are being swallow up by 1 contract retail traders or if there's really there's really ZERO institutional involvement
[10:24:58] <@wrbtrader> Volker...exactly
[10:27:08] <@wrbtrader> Statistically...trading sessions between December 20th - 31st are a PAIN IN THE BUTT
[10:27:36] <@wrbtrader> My old many when he was a floor trader...he never traded during this holiday duration
[10:28:14] <@wrbtrader> I keep telling my self I will use it as a vacation period instead of just taking 24th and 25th off from trading
[10:29:35] <t4n> hopefully tuesday is decent
[10:34:19] <@wrbtrader> another sudden rollover...more south rolloevers than north rollovers
[10:35:00] <@wrbtrader> 3 sudden southward rollovers versus 2 sudden northward rolloever
[10:35:18] <@wrbtrader> south rollovers have produced 3 WRB Hidden GAP intervals
[10:35:57] <@wrbtrader> north rollovers had produced only Zero Up WRB Hidden GAP intervals
[10:36:09] <@wrbtrader> involving Emini ES futures
[10:36:56] <@wrbtrader> Emini ES futures basically stuck inside the range of the first 1 minute price actionon the regular session chart
[10:37:18] <@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
[10:37:41] <@wrbtrader> another struggle at the 2073 price area
[10:37:56] <@wrbtrader> Hopefully it'll try again
[10:40:12] <@wrbtrader> volatility spikes in other key markets watching
[10:40:21] <@wrbtrader> Gold and Oil futures
[10:40:38] <@wrbtrader> markets now obviouosly should be trading
[10:40:42] <@wrbtrader> :(
[10:57:40] <@wrbtrader> Emini futures not on the same page today
[10:57:49] <@wrbtrader> with each other
[11:00:00] <@wrbtrader> too many of us retail traders fighting each other while the institutional traders have gone home for the holidays...allowing the secretaries, janitors and mail room boys access to the trading computers :(
[11:00:47] <@wrbtrader> Exited all Emini ES Long @ 2071.00 --> - 1.5
[11:01:51] <@wrbtrader> Shorts Emini ES @ 2070.25 -> large size
[11:02:11] <@wrbtrader> 4 southward rollover...and another Down WRB Hidden GAP interval
[11:02:14] <@wrbtrader> 20 contracts
[11:02:38] <@wrbtrader> This time I didn't wait to see what happens after volatility started increasing...
[11:02:44] <@wrbtrader> hopefully it doesn't stall
[11:03:06] <@wrbtrader> last 3 times the trades stalled on me afer chasing the rollovers
[11:04:08] <@wrbtrader> stalling again :(
[11:07:20] <@wrbtrader> volatility increasing...first time its done that while I was in an open trade position in my direction
[11:07:33] <@wrbtrader> meant...increasing "again"
[11:14:03] <Lightenup> Buy Dow 17847
[11:16:01] <@wrbtrader> Covered all Emini ES Short @ 2069.00 --> + 1.25
[11:16:51] <Lightenup> Flat Dow 17853 +6
[11:31:49] <@wrbtrader> Short Gold GC futures @ 1183.80 large size 4+4 contracts
[11:34:09] <@wrbtrader> I can't just keep sitting back and "hoping" that the Emini futures will show the same kind'uv volatility actions like Gold GC futures (better late than never)
[11:35:20] <@wrbtrader> Cover all Gold GC futures @ 1183.60 +0.2
[11:35:54] <@wrbtrader> Short Gold GC futures @ 1184.00 large size 4 contracts
[11:36:06] <@wrbtrader> pick pocketed on the prior trade
[11:40:46] <@wrbtrader> Shorts Emini ES @ 2070.00 -> large size
[11:40:58] <@wrbtrader> 20 contracts
[11:43:07] <@wrbtrader> Cover all Gold GC futures @ 1181.80 +2.2
[11:43:17] <@wrbtrader> WRB pt1 reached
[11:43:41] <@wrbtrader> first one of the trading day for me
[11:46:09] <@wrbtrader> Gold GC futures south rollover again...producing another Down WRB Hidden GAP interval
[11:48:08] <@wrbtrader> Covered all Emini ES Short @ 2069.50 --> + 0.5
[11:48:24] <@wrbtrader> Emini ES contracting volatility again :(
[11:49:32] <rwbil1> WRB I watched GC and saw the WRBs but was there a WRB zone that qualified. If so what chapter
[11:53:07] <rwbil1> right now I see 2 bars below the last down WRB HG and I think it nwo qualifies as a WRB Zone if price PB
[11:53:08] <@wrbtrader> chapter 3
[11:53:42] <@wrbtrader> Using the prior trade signal as a WRB Zone if the trade signal resulted as a swing point or strong continuation price action
[11:54:48] <@wrbtrader> also chapter 4 via the 15min chart
[11:55:13] <@wrbtrader> I'll tell you in a minute via pm only the chapter 4
[11:58:06] <Trader_Uy> do you use chapter 2 zones combine with other chapters zones types too?
[11:58:50] <@wrbtrader> I don't "combine" chapters
[11:59:08] <@wrbtrader> If a Zone occurs via multiple chapters...its just coincidence
[11:59:15] <@wrbtrader> Its NOT something I look for
[11:59:32] <@wrbtrader> I only look for one WRB Zone...its the only thing that's needed.
[12:00:03] <@wrbtrader> Yet, if you see multiple valid Zones...nothing wrong with that and it doesn't enhance the trade versus just seeing one WRB Zone
[12:00:52] <Trader_Uy> ok thats good to know!
[12:01:27] <Trader_Uy> I was wondering if zones had different ''perfomances'' among all theirs types
[12:01:47] <@wrbtrader> Nope
[12:02:02] <@wrbtrader> They do have different frequency of appearances
[12:02:11] <@wrbtrader> For example...if price action is trending...
[12:02:37] <@wrbtrader> Obviously you're going to get more "strong continuation" WRB Zones in comparison to "swing point" WRB Zones
[12:03:09] <@wrbtrader> In contrast, if price action is "ranging"...you're obviously going to get more "swing point" WRB Zones in comparison to "strong continuation" WRB Zones
[12:03:50] <Trader_Uy> wich is what I like most about WRB analysis... you can addapt your trading signals to whatever market is trending or ranging
[12:04:01] <@wrbtrader> Yep
[12:04:10] <@wrbtrader> Some traders are trend traders.
[12:04:24] <Trader_Uy> even consolidating (wich is a 2rd type of market for me)
[12:04:29] <Trader_Uy> 3rd*
[12:04:50] <Volker> What about zones from the overnight session (thin trading). Do they count the same way?
[12:04:55] <@wrbtrader> Thus, when markets are range bound...they obviously aren't concerned about "swing point" WRB Zones too much unless their trend price action moves into the price area of a prior swing point WRB Zone
[12:05:16] <@wrbtrader> Zones in the overnight only count if you're trading the overnight :)
[12:05:36] <@wrbtrader> They also may be of value if the overnight had a key market event that's important to you.
[12:05:36] <Trader_Uy> you mean zones that were created during the overnight?
[12:05:47] <@wrbtrader> Thus, it only matters to you and not to someone else
[12:07:24] <Volker> Is there any kind of expiry for an unfilled zone?
[12:07:38] <@wrbtrader> Nope
[12:07:43] <Volker> days?
[12:07:46] <Volker> weeks?
[12:08:01] <@wrbtrader> only expires as far back as your "memory" can go
[12:08:15] <@wrbtrader> Thus, if you can only remember price action 2 days old...
[12:08:32] <@wrbtrader> Zones one week ago to you are obviously no value because you won't remember them :)
[12:09:09] <@wrbtrader> I tend to use zones no more the 3 days old for time frames less than 15min charts
[12:09:11] <Trader_Uy> I dont needx to remember them.. my chart drawings do that task :)
[12:11:24] <Volker> Would you say that WRB-HG ranges that don't qualify for a WRB Zone are of any use?
[12:12:02] <rwbil1> Volker couldn' that be a V2
[12:12:07] <rwbil1> to be used with V1 later
[12:13:14] <@wrbtrader> Reminder...only talk about chapters 1, 2 and 3 in here
[12:13:38] <rwbil1> sorry the chapters have become a blur to me.
[12:13:47] <@wrbtrader> Why ?
[12:13:53] <@wrbtrader> Free chatpers in free room
[12:14:06] <@wrbtrader> Fee base chapters in fee-base room or private message
[12:15:07] <rwbil1> Are you actually in another room with different people or all same room
[12:15:30] <@wrbtrader> Different rooms, skype and different private message
[12:16:51] <@wrbtrader> 90% of the conversation I have about WRB Analysis are occurring via private message or Skype
[12:22:21] <@wrbtrader> By the way, in case anyone didn't see it...
[12:22:37] <@wrbtrader> My Skype user id is posted everywhere at the website and forum...
[12:22:43] <@wrbtrader> kebec2002
[12:23:09] <t4n> TF not in line with AD :(
[12:24:26] <@wrbtrader> Yeah...today a lot of markets aren't on the same page...
[12:24:37] <@wrbtrader> Makes it very difficult price action to trade
[12:59:33] <@wrbtrader> U.S. Stocks Fluctuate After Rally; Ruble Gains, Oil Slips (Bloomberg) @ http://www.bloomberg.com/news/2014-12-2 ... -gain.html
[13:33:21] <@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.
[13:34:56] <@wrbtrader> 3min chart of Emini TF futures...price action currently inside the range of a WRB Zone @ 1036am - 1039am est
[13:36:00] <@wrbtrader> Its a tutorial chapter 2 KME "first WRB Hidden GAP" interval that appeared after the KME event
[13:36:07] <@wrbtrader> Its a swing point WRB Zone
[13:44:07] <@wrbtrader> Long Emini TF @ 1195.90 -> small size
[13:44:26] <@wrbtrader> 2 contracts
[13:47:22] <@wrbtrader> Emini ES futures struggling again at that 2071 price area
[13:47:35] <@wrbtrader> meant 2073 price area
[13:48:26] <@wrbtrader> Exited all Emini TF Long @ 1195.90 --> 0
[13:48:47] <@wrbtrader> early exit...time for one of my important breaks that requires rest
[13:48:50] <@wrbtrader> be back later
[15:37:01] <@wrbtrader> Long Emini TF @ 2044.00 -> large size
[15:39:39] <@wrbtrader> I better not drop back below 2073...back inside that horrible trading range area
[15:41:32] <@wrbtrader> correction...
[15:41:42] <@wrbtrader> That's a Emini ES trade
[15:42:09] <@wrbtrader> Long Emini ES @ 2074.00 -> large size
[15:42:29] <@wrbtrader> 18+3 contracts
[15:43:12] <@wrbtrader> WRB Analysis -> - Chat room for day traders, swing traders, position traders using concepts from WRB Analysis such as contracting volatility, key market event (KME), reaction high/low, WRB, WRB Hidden GAP, WRB Zone, WRB pt levels to help improve understanding of the price action their trading and/or improve the performance of their trade signal strategies while price action trading. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718 or http://www.twileshare.com/user/wrbtrader
[15:48:17] <@wrbtrader> crazy...its back down there again in that prior horrible trading range area
[15:48:39] <@wrbtrader> trying a snap back upwards now
[15:48:43] <@wrbtrader> geeesh
[15:49:03] <@wrbtrader> The past 3 weeks I've been on the negative side of those "snapbacks"...
[15:49:20] <@wrbtrader> now one works in my favor
[15:50:54] <@wrbtrader> back to back snapbacks :(
[15:52:39] <@wrbtrader> Exited all Emini ES Long @ 2073.75 --> - 0.25
[15:53:42] <@wrbtrader> Shorts Emini ES @ 2073.50 -> large size
[15:54:02] <@wrbtrader> 25 contracts
[15:54:13] <@wrbtrader> choppy like crazy
[15:59:20] <@wrbtrader> Covered all Emini ES Short @ 2073.00 --> + 0.5
[16:00:16] <@wrbtrader> Long Emini ES @ 2074.25 -> large size
[16:00:27] <@wrbtrader> 21 contracts
[16:00:35] <@wrbtrader> Emini TF futures pushing this
[16:00:46] <@wrbtrader> everybody else seems to be just following it
[16:01:29] <@wrbtrader> not sure why the 2073 price area today was such a "pain in the butt" like some ugly pivot point
[16:01:47] <@wrbtrader> Will need to remember it tomorrow just in case price action is near that area
[16:02:08] <@wrbtrader> Emini TF futures still pushing higher
[16:03:21] <@wrbtrader> Emini ES futures stalling in its volatility now
[16:04:35] <@wrbtrader> Exited all Emini ES Long @ 2074.50 --> + 0.25
[16:06:04] <@wrbtrader> I started in this price action this late after noon in the 2074 and it basically just stayed in that price area except for a few crazy minutues of chop
[16:08:34] <@wrbtrader> We have a WRB Zone from Friday with a range of 2075.00 - 2073.50 via the 3min chart
[16:09:22] <@wrbtrader> Emini ES futures basically got stuck in that range in the last 10 minutes of the regular trading session
[16:09:52] <@wrbtrader> except for the crzy chop that pushed it briefly below/above that range
[16:11:00] <@wrbtrader> Take care and and see all tomorrow...hopefully its not a back to back low volatility tight trading range day
Session Close: Tue Dec 23 00:00:00 2014


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