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 Post subject: February 13th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Sun Feb 15, 2015 10:10 am 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2390
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:
021315-Key-Price-Action-Markets.png
021315-Key-Price-Action-Markets.png [ 1.02 MiB | Viewed 55 times ]

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

Session Start: Fri Feb 13 09:26:27 2015
Session Ident: ##TheStrategyLab
[09:26:27] * Now talking in ##TheStrategyLab
[09:26:27] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:28:20] * Syzygy_________ (~Syzygy@h69-131-227-232.slkmwa.dsl.dynamic.tds.net) has joined ##TheStrategyLab
[09:28:40] * TradeSnake______ (~TradeSnak@S0106602ad084af2e.vc.shawcable.net) has joined ##TheStrategyLab
[09:30:22] <wrbtrader> Good morning all
[09:30:36] <Lightenup> good morning
[09:30:49] <CaydenV> Good Morning
[09:30:51] <Syzygy_________> gm
[09:32:18] <Volker__> gm
[09:38:56] <CaydenV> TF on an opening tear
[09:40:34] <CaydenV> ES going to hit some buy stops id imagine up around 89-ish
[09:42:13] <CaydenV> YM lagging
[09:47:24] <wrbtrader> Eminis need to retrace a few points to possibly setup a few trade opportunities
[09:47:40] <wrbtrader> Emini TF is currently too high in no mans land
[09:50:01] <CaydenV> yep - price looks strong- TF has a nice spot on a 3 at 9:33
[09:51:39] <CaydenV> Michigan Consumer Sentiment in 9 minutes
[09:53:08] <CaydenV> NQ retraced
[09:53:09] <wrbtrader> Long Emini TF @ 1218.00 -> small size
[09:53:19] <wrbtrader> 2+1 contracts
[09:54:13] <wrbtrader> Exited all Emini TF Long @ 1217.70 --> - 0.3
[09:54:53] * xtrader34 (~xtrader34@pool-108-51-21-217.washdc.fios.verizon.net) has joined ##TheStrategyLab
[09:56:35] <xtrader34> KME @ 10am
[09:57:19] <wrbtrader> Long Emini TF @ 1218.10 -> small size
[09:57:30] <wrbtrader> re-entry
[09:58:20] <wrbtrader> I had to wait to see if the price will bounce off the S area of the most recent Up WRB Hidden GaP interval 1min chart
[09:58:33] <CaydenV> lets see if the TF wants to race past the ym and es.
[09:59:40] <wrbtrader> tighten trail
[10:00:15] <wrbtrader> Exited all Emini TF Long @ 1218.00 --> - 0.1
[10:00:25] <wrbtrader> It had its chance
[10:01:10] <CaydenV> KME came underneath estamates
[10:01:49] <wrbtrader> Shorts Emini TF @ 1216.60 -> small size
[10:02:03] <wrbtrader> 1+1+1 contracts
[10:02:07] <wrbtrader> S area failure
[10:02:50] <wrbtrader> increased volatility trying to hold
[10:03:11] <wrbtrader> WRB pt1 reached
[10:03:28] <CaydenV> very nice
[10:04:01] <wrbtrader> That S area of that Up WRB Hidden GAP interval was my spy @ 0937am est
[10:05:05] <wrbtrader> Covered 2/3 Emini TF Short @ 1214.80 --> + 1.8
[10:05:32] <wrbtrader> I have a trail @ 1216.00
[10:05:37] <xtrader34> Nice trade!:-)
[10:05:49] <wrbtrader> Be right back...I need to do an emergency reboot :( :(
[10:06:32] * Disconnected
Session Close: Fri Feb 13 10:06:32 2015

Session Start: Fri Feb 13 10:34:06 2015
Session Ident: ##TheStrategyLab
[10:34:06] * Now talking in ##TheStrategyLab
[10:34:07] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[10:34:54] <wrbtrader> Covered Remainder Emini ES Short @ 1216.00 --> + 838.25
[10:35:55] <wrbtrader> correction...
[10:36:00] <wrbtrader> +0.6
[10:36:19] <wrbtrader> on Emini TF futures
[10:37:04] <@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.
[10:37:41] <xtrader34> All contraction inside the zone 2 min TF
[10:43:59] <CaydenV> 2 minute 10:24- ym es and tf finding S NQ flirting with a low break
[10:45:37] <xtrader34> Stuck in the KME Zone 2, 3 and 5 min TF
[10:47:36] <@wrbtrader> Shorts Emini TF @ 1215.10 -> Add
[10:47:52] <@wrbtrader> not an add
[10:48:07] <@wrbtrader> Shorts Emini TF @ 1215.10 -> small size
[10:48:13] <@wrbtrader> 3 contracts
[10:50:28] <@wrbtrader> Covered all Emini TF Short @ 1214.70 --> + 0.8
[10:50:40] <@wrbtrader> geeesh
[10:50:55] <@wrbtrader> correction...+0.4
[10:50:58] <@wrbtrader> early exit
[10:51:05] <@wrbtrader> too much contraction for me
[11:03:56] <@wrbtrader> Emini TF future back inside the range of an earlier trade signal I had
[11:06:35] <xtrader34> CL trying to retest the high at 53.99 on 9th
[11:06:52] <xtrader34> Gap up
[11:09:27] <@wrbtrader> Long Emini TF @ 1218.60 -> small size
[11:09:36] <@wrbtrader> 1+1 contracts
[11:14:36] <@wrbtrader> Exited all Emini TF Long @ 1218.70 --> + 0.1
[11:14:40] <@wrbtrader> :(
[11:15:51] <xtrader34> A Zone within the KME Zone on TF 5 min chart
[11:38:54] <Lightenup> TF testing Support area of up wrbhg 2m chart 10:58
[11:48:15] <@wrbtrader> since 1110am est...feels like yesterday with the low volatility tight trading range just before the 3 day holiday weekend
[12:25:17] <TradeSnake______> Long GC @ 1229.9
[12:28:26] * Syzygy_________ (~Syzygy@65.160.73.146) has joined ##TheStrategyLab
[13:30:38] <TradeSnake______> Flat GC @ 1228.2 --> -1.7
[13:37:01] <@wrbtrader> Shorts Emini ES @ 2083.50 -> large size
[13:37:44] <@wrbtrader> 10 contracts
[13:39:44] <@wrbtrader> Covered all Emini ES Short @ 2084.25 --> - 0.75
[13:43:51] <@wrbtrader> Shorts Emini ES @ 2084.25 -> large size
[13:44:03] <@wrbtrader> re-entry
[13:45:23] <@wrbtrader> Covered all Emini ES Short @ 2084.50 --> - 0.25
[13:55:32] * Syzygy_________ (~Syzygy@65.160.73.146) has joined ##TheStrategyLab
[14:02:52] * eminimike (~mike@pool-173-77-218-222.nycmny.fios.verizon.net) has joined ##TheStrategyLab
[14:16:58] <@wrbtrader> Shorts Emini ES @ 2086.00 -> large size
[14:17:14] <@wrbtrader> re-entry
[14:21:35] <@wrbtrader> Covered all Emini ES Short @ 2086.75 --> - 0.75
[14:22:27] <@wrbtrader> there's a wall there but I just don't see the support that prevents this from dropping in this range
[14:25:56] <@wrbtrader> Long Emini ES @ 2087.50 -> large size
[14:26:25] <@wrbtrader> The regular session GAP became the support :(
[14:26:38] <@wrbtrader> while I was shorting it
[14:26:48] <@wrbtrader> 10 contracts
[14:27:23] <@wrbtrader> Hopefully Emini ES won't try to return to that difficult price area
[14:27:42] * Syzygy_________ (~Syzygy@65.160.73.146) has joined ##TheStrategyLab
[14:30:39] <@wrbtrader> Emini ES futures has retraced the Down strong continuation price action that broke below the S area of the contracting volatility of 2087.50 of 1300hrs est
[14:31:07] <@wrbtrader> now its contracting again in that area after retracing it :(
[14:31:09] <@wrbtrader> geeeesh
[14:33:42] <@wrbtrader> Exited all Emini ES Long @ 2087.75 --> + 0.25
[14:57:59] <@wrbtrader> Long Emini ES @ 2088.50 -> large size
[14:58:10] <@wrbtrader> re-entry
[14:59:10] <@wrbtrader> This trade is still inside that prior mentioned contracting volatility price area
[14:59:43] <@wrbtrader> R area @ 2089 and S area @ 2087.50
[15:00:18] <@wrbtrader> I tried the S area Long...didn't get what I wanted
[15:00:30] <@wrbtrader> now I'm up near the R area
[15:00:52] <@wrbtrader> Exited all Emini ES Long @ 2088.50 --> 0
[15:02:53] <@wrbtrader> I'm basically saying that "contracting volatility" price area has developed into a some sort'uv battle ground to see if Shorts or Longs can break it out
[15:05:35] <@wrbtrader> Long Emini ES @ 2088.50 -> large size
[15:05:44] <@wrbtrader> re-entry
[15:05:48] <@wrbtrader> 10+10 contracts
[15:06:06] <@wrbtrader> Emini TF broke above its contracting volatility area
[15:06:16] <@wrbtrader> hopefully it drags ES with it a few points
[15:06:30] <@wrbtrader> Simply, TF was my trigger
[15:07:36] <@wrbtrader> killer contracting volatility today..
[15:07:48] <@wrbtrader> Already snapping back :(
[15:09:27] <@wrbtrader> Up WRB Hidden GAP now confirmed in on the 1min chart of Emini ES futures
[15:09:49] <@wrbtrader> R area @ 2090.50
[15:11:51] <@wrbtrader> Emini ES futures still in the arrea of the WRB pt1
[15:14:05] <@wrbtrader> I should'uv pay more attention to today's regular gap session when the price action dropped down into that range...
[15:14:12] <@wrbtrader> Emini TF did it twice today...
[15:14:40] <@wrbtrader> around 1010am est and 1335pm est
[15:17:33] <@wrbtrader> Exited 1/2 Emini ES Long @ 2090.75 --> + 2.25
[15:17:56] <@wrbtrader> I'm going to explain a little more detail about this trade now that I have a little breathing room
[15:18:31] <@wrbtrader> Emini TF is in a low voaltility tight trading range
[15:19:56] <@wrbtrader> There's a big KME Down WRB Hidden GAP interval on the 3min chart @ 1000am - 1003am est
[15:20:13] <@wrbtrader> It's the biggest WRB Hidden GAP interval of the trading day
[15:20:18] <@wrbtrader> You can't miss it
[15:20:32] <@wrbtrader> That WRB Zone is FILLED
[15:20:59] <@wrbtrader> A majority of today's price action stayed inside its range...very problematic
[15:21:25] <@wrbtrader> Exited Remainder Emini ES Long @ 2090.25 --> + 1.75
[15:21:29] <@wrbtrader> :(
[15:21:38] <@wrbtrader> trail pick pocketed
[15:22:01] <@wrbtrader> If you remember anything about swing points in chapter 2...
[15:22:41] <@wrbtrader> You'll see a Up WRB Hidden GAP interval @ 0936am - 0939am est 3min chart
[15:23:09] <@wrbtrader> The price action from that Up WRB HG to the Down WRB HG is a swing point price action
[15:26:10] <@wrbtrader> Ooops...forgot to mention the swing point was in R25I and R25G
[15:26:19] <@wrbtrader> and I used it for Emini TF
[15:26:37] <@wrbtrader> Anyways, good looking swing point involved with a KME that got filled
[15:27:14] <@wrbtrader> I didn't think much about it until I realized I had a valid trade signal in there...not taken
[15:28:30] <@wrbtrader> That trade signal range high price is 1220.40 in Emini TF
[15:29:03] <@wrbtrader> That was the price target of any Long positions I took
[15:29:36] <@wrbtrader> Its currently now the S area of the most recent contracting volatility price area for the past 18 minutes
[15:30:09] <@wrbtrader> Essentially the high price of a prior trade signal (not taken) has now become the S area
[15:30:35] <@wrbtrader> If Emini TF breaks down below the S area via a Down WRB HG...
[15:30:44] <@wrbtrader> Good chance I'll be looking for a Short position
[15:30:50] <@wrbtrader> Why ?
[15:31:25] <@wrbtrader> Its already formed a Up WRB HG @ 1503pm - 1506pm est 3min chart
[15:31:59] <@wrbtrader> That UP WRB HG is holding price upwards nicely and there's an obvious S area with the recent contraction AFTER that Up WRB HG
[15:32:25] <@wrbtrader> A Down WRB HG has a good chance to pick up steam downward for at least a point
[15:32:38] <@wrbtrader> This is just a chapter 3 reminder...
[15:33:14] <@wrbtrader> Don't forget your trade signals regardless if they were a Loss or Profit...regardless if you traded them or not...
[15:33:19] <@wrbtrader> They can setup other trades
[15:41:55] <@wrbtrader> By the way, I'm trading after 3:30pm est today because of the down time I lost this morning when I was offline when my entire network started crashing
[15:42:33] <@wrbtrader> around 1005am est
[15:43:04] <@wrbtrader> Took me about 30 minutes to fix everything with the help of the tech guy that setup my network
[15:51:51] <@wrbtrader> Emini TF spending more time now trying to get above the R area of its recent contracting volatility instead of trying to get below the S area
[15:52:07] <TradeSnake______> Thank you for the exploitation of the last trade. Very helpful as i still try to peice this all together
[15:52:54] <@wrbtrader> I'm going to be releasing soon a new version of Chapter 4...
[15:53:37] <@wrbtrader> reason why I want to spend a little more time explaining in here some things related to the new version of Chapter 3
[15:54:09] <@wrbtrader> meant new version of Chapter 3 (not chapter 4)
[15:57:36] <@wrbtrader> slow 4pm est rush hour traffic :(
[16:01:33] <@wrbtrader> Shorts Emini TF @ 1220.50 -> small size
[16:01:43] <@wrbtrader> 2 contracts
[16:02:47] <@wrbtrader> That S area is trying hard to hold
[16:05:26] <@wrbtrader> got everything I want except for the trade result
[16:05:34] <@wrbtrader> clock ticking now..
[16:12:24] <@wrbtrader> I just ran out of time (early exit)...gotta go
[16:12:37] <@wrbtrader> Covered all Emini TF Short @ 1220.40 --> + 0.1
[16:13:01] <@wrbtrader> Take care all and see all on Tuesday (Monday is a holiday in the U.S.)
[16:13:15] <@wrbtrader> Forgot to mention...
[16:13:26] <@wrbtrader> That was a high risk trade...reason for my small size
[16:13:37] <@wrbtrader> Its against the obvious Up Trend
[16:39:54] * Syzygy_________ (~Syzygy@71-217-71-186.tukw.qwest.net) has joined ##TheStrategyLab
[17:41:31] * Syzygy_________ (~Syzygy@71-217-90-144.tukw.qwest.net) has joined ##TheStrategyLab
[20:50:47] * Syzygy_________ (~Syzygy@h69-131-227-232.slkmwa.dsl.dynamic.tds.net) has joined ##TheStrategyLab
[23:34:11] * mmm___ (~mmm@cpe-76-90-227-83.socal.res.rr.com) has joined ##TheStrategyLab
Session Close: Sat Feb 14 00:00:00 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 Qu├ębec, 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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