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 Post subject: February 5th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Feb 11, 2015 3:05 am 
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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:
020515-Key-Price-Action-Markets.png
020515-Key-Price-Action-Markets.png [ 1.06 MiB | Viewed 302 times ]

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

Session Start: Thu Feb 05 09:30:07 2015
Session Ident: ##TheStrategyLab
[09:30:07] * Now talking in ##TheStrategyLab
[09:30:08] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:32:45] <wrbtrader> Good morning all
[09:32:54] <xtrader34> GM
[09:32:58] <Lightenup> good morning
[09:32:59] <eminimike> gm
[09:34:43] * Syzygy_____ (~Syzygy@h69-131-227-232.slkmwa.dsl.dynamic.tds.net) has joined ##TheStrategyLab
[09:37:02] <CaydenV> 2043 is a tuff line in mine sand on the ES Mini
[09:37:20] * TradeSnake______ (~TradeSnak@S0106602ad084af2e.vc.shawcable.net) has joined ##TheStrategyLab
[09:41:00] * Volker_ (~volker@g230040227.adsl.alicedsl.de) has joined ##TheStrategyLab
[09:42:54] * Volker_ is now known as Guest96685
[09:43:06] * Guest96685 is now known as Volker__
[09:44:08] <wrbtrader> Long Emini ES @ 2045.25 -> large size
[09:44:26] <wrbtrader> 10+10 contracts
[09:45:55] <wrbtrader> Exited 1/2 Emini ES Long @ 2047.50 --> + 2.25
[09:46:02] <wrbtrader> WRB pt1 reached
[09:46:55] <wrbtrader> Exited Remainder Emini ES Long @ 2047.75 --> + 2.5
[09:47:31] <wrbtrader> early exit
[09:47:40] <wrbtrader> goal was a WRB pt2
[09:48:57] <CaydenV> trouble staying above that swing wrbhg from the ecu greek thing
[09:49:24] <CaydenV> all but NQ is above it though
[09:49:28] <eminimike> no more KME's rest of day
[09:50:01] <eminimike> but Greece always in the background
[09:50:45] <Tigerman__> lg spy 41
[09:51:14] <Tigerman__> exit all spy 205.51 +10 t
[09:51:34] <Tigerman__> grr wanna stay more but move my trail too early
[09:55:59] <eminimike> 5 min ES small WRB HG 2048-2049.50
[09:56:48] <wrbtrader> Shorts Emini ES @ 2050.25 -> large size
[09:57:17] <wrbtrader> I'm not going to hang around too long in this Short position...will be a tough trade
[09:58:12] <CaydenV> copy that
[09:58:55] <wrbtrader> Covered all Emini ES Short @ 2050.00 --> + 0.25
[09:59:20] <wrbtrader> 10 contracts
[10:00:02] <wrbtrader> Shorts Emini ES @ 2049.00 -> large size
[10:00:21] <wrbtrader> re-entry
[10:02:11] <Tigerman__> sh spy 205.39
[10:03:02] <wrbtrader> Covered all Emini ES Short @ 2048.75 --> + 0.25
[10:03:07] <Tigerman__> exit all spy 34 +5t
[10:03:36] <Tigerman__> wow today when price try to move they just come back fast :(
[10:03:37] <wrbtrader> two good tries at it...volatility just couldn't pick up while I was in those trades
[10:03:47] <Tigerman__> yep same me
[10:04:33] <eminimike> ES filled HG to the tick on 5 min
[10:07:41] <wrbtrader> more low volatility range price action showing up in the Emini futures...hopefully its setting up for a volatility spike
[10:11:20] <CaydenV> wrbtraader- which time interval are you most focused on now- 2 minute?
[10:18:19] <Tigerman__> sh spy 205.5
[10:19:02] <CaydenV> FVB on 2 minute NQ. C1 at 10:12
[10:19:25] <Tigerman__> I try to catch a big target
[10:19:48] <CaydenV> thats like an eternity ago.
[10:20:41] <Tigerman__> exit all 49 +1 tk :(
[10:20:49] <Tigerman__> volatility gone
[10:21:11] <eminimike> yeah volatility comes in bursts then dies
[10:24:05] <Tigerman__> sh spy 205.35
[10:24:28] <Tigerman__> hopefully vola show up
[10:25:21] <xtrader34> CL never close its gap just churning on its highs now
[10:25:26] <Tigerman__> exit all 35 :(
[10:25:48] <Tigerman__> at this point I ll watch untill something worth show up
[10:26:50] <Tigerman__> ES play inside his most recent WRB hG at 9:50 5min
[10:30:29] <xtrader34> TF not doing much right now. Just sideways price action
[10:30:53] <Lightenup> Is TF getting read to take out 98.10 and might we get a vol spike down
[10:31:46] <xtrader34> CL looks like its starting to make a move to the downside
[10:32:13] <xtrader34> Not confirmed yet though
[10:34:41] <xtrader34> CL trying to retest its high at 51.29 5min
[10:35:01] <xtrader34> Stuck in its Zone
[10:42:04] <CaydenV> breaking above days high. still no volitilty
[10:44:15] <xtrader34> What's going on in the TF? Looks horrible
[10:44:16] <eminimike> one of those days mkt may just grind higher little by little
[10:45:10] <xtrader34> CL had some decent moves. Just have to play it close to the vest
[10:45:18] <CaydenV> copy that- the little market that could
[10:45:35] <eminimike> lol Cay
[10:45:45] <CaydenV> nasty sell tails on the 15 minte tf
[10:46:15] <xtrader34> Selling tail of the high TF?
[10:46:19] <xtrader34> off
[10:46:25] <CaydenV> nq clost to joining es, ym and tf over yes highs
[10:49:00] <xtrader34> Not much to do right now except wait for some to trend
[10:49:03] <eminimike> feels like pre FOMC trading..
[10:49:27] <xtrader34> yep - sideways price action
[10:50:02] <eminimike> here goes the next ES grind higher tick by tick
[10:50:59] <CaydenV> i see a slow move on the up and upon all e minis- tf is being the usual brat
[10:52:37] <xtrader34> There is a serious battle going on at these highs. Tight trading range
[10:56:51] <CaydenV> yep-
[10:57:08] <CaydenV> need that spike
[11:06:50] <CaydenV> back underneath and in the range between 9:45 and 10:38.
[11:09:55] <xtrader34> Yep same with CL. Just churning on these highs!
[11:10:26] <xtrader34> On going no where
[11:14:30] <TradeSnake______> Long YM @ 17750... covered @ 17758 --> +8
[11:17:01] <Lightenup> TF produced a up WRBHG on 1 2 3 and 5 min charts
[11:18:06] <xtrader34> yep but no follow through!
[11:19:04] <Lightenup> YOu are right about that
[11:19:52] <TradeSnake______> Short YM @ 17742
[11:21:23] <CaydenV> 2 minute wrbhg offering S on e mini
[11:22:14] <CaydenV> lets see if we get some CV and a move above that there 11:16 red wrbhg
[11:22:18] <xtrader34> Not looking good! CL and TF in sync with each other!
[11:22:43] <CaydenV> e mmini ES that is
[11:24:26] <TradeSnake______> Flat YM @ 17742 --> +0
[11:28:00] <CaydenV> 2049.75- days high of 2055 - latest range
[11:35:15] <TradeSnake______> Long YM @ 17780
[11:35:32] <TradeSnake______> correction 17760
[11:38:27] <TradeSnake______> Flat YM @ 17780 --> +20
[11:40:21] <xtrader34> TF is asleep right now and CL is on fire
[11:40:54] <xtrader34> Nice continuation
[11:41:08] <xtrader34> up
[11:58:38] <xtrader34> WRBHG in CL 3, 5 min at the highs
[11:58:58] <xtrader34> Price back in its Zone
[12:20:58] * Lightenup (~Lightenup@110.78.175.165) has joined ##TheStrategyLab
[12:31:01] * Syzygy_____ (~Syzygy@65.160.73.146) has joined ##TheStrategyLab
[14:08:36] <xtrader34> CL has been in strong down continuation 3, 5 min and penetrated earlier Zone from this morning 51.00 - 50.40
[14:13:43] * nadina______ (~nadina@79-64-83-251.host.pobb.as13285.net) has joined ##TheStrategyLab
[15:19:26] <wrbtrader> [10:11:20] <CaydenV> wrbtraader- which time interval are you most focused on now- 2 minute?
[15:19:34] <wrbtrader> I don't have a favorite interval
[15:19:50] <wrbtrader> I just trade whatever interval produces a trade signal
[15:20:11] <CaydenV> copy
[15:20:12] <wrbtrader> I have on my charts the 60min, 15min, 5min, 3min, 2min and 1min
[15:20:43] <wrbtrader> The charts directly in front on me on my center monitor are the 2min and 1min chart
[15:21:04] <wrbtrader> I've done testing via moving them around such as moving the 15min chart and 5min chart to the center...
[15:21:24] <wrbtrader> I ended up taking more trades via the 15min and 5min chart
[15:21:33] <wrbtrader> That tells me I have no favorites...
[15:21:47] <wrbtrader> Its just a visual thing...
[15:22:06] <wrbtrader> I guess I'm like a horse with an apple hung out in front of him...
[15:22:15] <wrbtrader> I just follow the apple mostly :)
[15:22:42] <CaydenV> i think more like a qb reading a defense...Omaha!!
[15:23:02] <CaydenV> :-)
[15:33:48] <Tigerman__> lg spy 206.11
[15:35:19] <CaydenV> back in the noose bleed seats and ...
[15:36:23] <Tigerman__> exit 2/3 206.15 +4t
[15:37:58] <Tigerman__> contracting a lot hope a spike up x me :)
[15:38:09] <CaydenV> yep
[15:42:00] <Tigerman__> exit all Spy remainder at 206.23 +12 tk
[15:42:14] <Tigerman__> price stall here not sure can continue
[15:45:29] <CaydenV> i would not be completely surprised to see it run harder to the up side- all of a sudden- IDK
[15:46:01] <Tigerman__> yeah import is be on the right side :)
[15:46:08] <CaydenV> or the down side- Hmmmm
[15:52:54] <CaydenV> 2055.25 is S
[15:53:04] <CaydenV> om es mini
[16:10:35] <Tigerman__> take care all see next time
[16:19:09] <CaydenV> have a good night afternoon or day where ever you may be
[19:28:23] * mmm___ (~mmm@cpe-76-90-227-83.socal.res.rr.com) has joined ##TheStrategyLab
[21:59:21] * Syzygy_____ (~Syzygy@h69-131-227-232.slkmwa.dsl.dynamic.tds.net) has joined ##TheStrategyLab
Session Close: Fri Feb 06 00:00:01 2015

-------------------------

##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, Usd/Cad, Xau/Usd and Xag/Usd

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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