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 Post subject: February 17th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Feb 28, 2015 11:01 am 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2503
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)
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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:
021715-Key-Price-Action-Markets.png
021715-Key-Price-Action-Markets.png [ 1.12 MiB | Viewed 40 times ]

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

Session Start: Tue Feb 17 09:25:03 2015
Session Ident: ##TheStrategyLab
[09:25:04] * Now talking in ##TheStrategyLab
[09:25:04] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:26:42] <CaydenV> NAHB Housing Market @ 10 east, Net Long-Term Tic Flows @ 4 east
[09:26:50] <CaydenV> Good Morning
[09:27:09] <Volker> gm all
[09:27:18] <Tigerman__> gm all
[09:27:26] <Lightenup> good morning
[09:27:34] <wrbtrader> Good morning all
[09:27:54] <Netang____> Morning
[09:27:55] <Volker> The Greek have become crazy...
[09:28:43] <Tigerman__> seems nothing new
[09:29:13] <@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.
[09:29:38] <Tigerman__> simply someone get profit from eurozone and let some country join in
[09:30:09] * TradeSnake______ (~TradeSnak@S0106602ad084af2e.vc.shawcable.net) has joined ##TheStrategyLab
[09:30:19] <Tigerman__> cost of that is supported by citizen via tx
[09:32:54] * mtntrader (~mtntrader@76.25.5.217) has joined ##TheStrategyLab
[09:35:35] <CaydenV> reg session gap fill on nq
[09:35:42] <CaydenV> and tf
[09:36:00] <CaydenV> and ym
[09:36:11] <CaydenV> es still open
[09:36:22] <@wrbtrader> Shorts Emini TF @ 1220.50 -> small size
[09:36:30] <@wrbtrader> 2 contracts
[09:37:54] <@wrbtrader> I got the direction correct but something doesn't feel right about this trade
[09:38:33] <@wrbtrader> Covered all Emini TF Short @ 1220.10 --> + 0.4
[09:39:16] <@wrbtrader> sideline...will just watch awhile because support is trying hard to show up
[09:39:38] * Syzygy_________ (~Syzygy@h69-131-227-232.slkmwa.dsl.dynamic.tds.net) has joined ##TheStrategyLab
[09:39:49] <@wrbtrader> Shorts Emini TF @ 1219.40 -> medium size
[09:39:55] <@wrbtrader> support broken
[09:40:02] <@wrbtrader> 4 contracts
[09:40:04] <xtrader34> KME @ 10
[09:41:08] <@wrbtrader> WRB pt1 reached
[09:42:07] <Tigerman__> sh iwm 121.27
[09:42:16] <CaydenV> inside a 15 minute wrbhg on a 15 minute - NQ, ES, YM, TF bounced back into after dropping well below it
[09:42:19] <Tigerman__> exit all iwm 12.30-11 tk
[09:42:26] <Tigerman__> trade error
[09:42:40] <CaydenV> wrbhg was from the ON at 4 am east
[09:43:47] <CaydenV> fridays close looks like the line in the sand
[09:45:08] <@wrbtrader> Covered all Emini TF Short @ 1219.20 --> + 0.2
[09:45:39] <@wrbtrader> Shorts Emini TF @ 1219.40 -> medium size
[09:45:47] <@wrbtrader> 2+1+1 contracts
[09:45:50] <@wrbtrader> re-entry
[09:46:46] <Tigerman__> sh iwm 121.33
[09:47:17] <Tigerman__> exit all 47 -14 t
[09:47:27] <Tigerman__> junky action
[09:50:23] <CaydenV> nq looking at fridads close again
[09:50:42] <CaydenV> same w/ ym
[09:50:56] <CaydenV> es above and tf below fridays close
[09:51:01] <Tigerman__> sh iwm 39
[09:51:07] <Tigerman__> exit all 47 -8 tk
[09:51:41] <Tigerman__> all my trades small size just try to be aggresive seems not works :(
[09:51:42] <@wrbtrader> Covered all Emini TF Short @ 1219.90 --> - 0.5
[09:52:44] <@wrbtrader> Shorts Emini TF @ 1220.90 -> large size
[09:52:53] <@wrbtrader> re-entry again
[09:53:17] <@wrbtrader> 4+2 contracts
[09:54:55] <CaydenV> minis posed bullish above fridays close
[09:55:07] * Lightenup (~Lightenup@110.77.246.6) has joined ##TheStrategyLab
[09:56:08] * winmax200 (~androirc@S0106789684bf87b3.vw.shawcable.net) has joined ##TheStrategyLab
[09:56:41] <@wrbtrader> :(
[09:57:12] <@wrbtrader> Covered all Emini TF Short @ 1221.60 --> - 0.7
[09:57:49] <CaydenV> kme in 2 minutes
[09:57:57] <@wrbtrader> back to the R area of the first Down WRB HG of the regular session
[09:58:32] <Tigerman__> bad price action I have done some others small fast trde all losses :(
[10:00:07] <Tigerman__> hope Kme bring a decent clear move after this mud
[10:01:35] <Tigerman__> lg iwm 21.65
[10:01:59] <Tigerman__> exit all iwm 121.80 +15 tk
[10:02:04] <Tigerman__> med size
[10:02:12] <CaydenV> pretty damn tenitive
[10:02:41] <Tigerman__> a fast wrb pt1 reached at 121.80
[10:02:57] <CaydenV> and i gave up cussing for New Years. ;)
[10:03:05] <@wrbtrader> Shorts Emini TF @ 1222.50 -> medium size
[10:03:14] <@wrbtrader> 4 contracts
[10:05:16] <@wrbtrader> Covered all Emini TF Short @ 1222.50 --> 0
[10:05:32] <@wrbtrader> too many mix info started showing up on this trade
[10:08:06] * Retrieving ##TheStrategyLab modes...
[10:16:51] <@wrbtrader> Shorts Emini TF @ 1221.60 -> medium size
[10:17:00] <@wrbtrader> 4 contracts
[10:17:08] <@wrbtrader> re-entry
[10:26:31] <Tigerman__> today needs a ton of patience
[10:27:52] <@wrbtrader> Covered all Emini TF Short @ 1221.10 --> + 0.5
[10:28:38] <@wrbtrader> trail that too tight but only because of the type of crappy price action that's now trying to go range bound
[10:29:49] <Tigerman__> yeah I entered and exited a couple of times while you was short
[10:30:10] <Tigerman__> simply I feel no confidend in thid crappy
[10:30:28] <@wrbtrader> as stated many times on the day after a holiday like this...
[10:30:41] <Tigerman__> wait for a wrb pt1 seems eternity
[10:30:43] <@wrbtrader> This is NORMAL price action the day afterwards the Holiday
[10:31:01] <@wrbtrader> Its a market tendency
[10:31:09] <Tigerman__> yeah agreed
[10:31:14] <@wrbtrader> nothing to do with TA
[10:31:32] <Tigerman__> simply big boys steel off
[10:31:42] <Tigerman__> oops still off
[10:31:50] <@wrbtrader> Simply, some trading days every year...you trade the "market tendency" instead of trading the TA
[10:32:59] <Tigerman__> simply the wise thing to do is saty aside
[10:33:12] <Tigerman__> unless one have ton of experience
[10:34:16] <Tigerman__> because without help from big money price action is too much confusing
[10:45:20] <@wrbtrader> Long Emini TF @ 1224.30 -> small size
[10:54:35] <@wrbtrader> Exited all Emini TF Long @ 1222.10 --> - 2.2
[10:54:58] <@wrbtrader> back inside a range of a Down WRB HG
[10:55:26] <@wrbtrader> range where the price action has already spent a lot of time within
[10:55:46] <@wrbtrader> now testing the S area
[11:01:47] <@wrbtrader> Shorts Emini TF @ 1221.10 -> small size
[11:02:00] <@wrbtrader> 1 contract
[11:03:07] <@wrbtrader> price action not suitable for anything bigger than a contract since my medium size position
[11:04:01] <@wrbtrader> It may be a 1 contract day for the remainder of the day
[11:10:44] <@wrbtrader> Covered Emini TF Short @ 1221.00 --> + 0.1
[11:20:43] <@wrbtrader> 5min chart shows the obvious now...
[11:20:50] <@wrbtrader> low volatility tight trading range :(
[11:20:55] <@wrbtrader> in the Emini futures
[11:25:00] <CaydenV> catch u all a biy l8tr
[11:27:53] <@wrbtrader> Big movements today wwas everything else :)
[11:27:58] <@wrbtrader> Gold, Oil and Forex
[11:42:33] * winmax200 (~androirc@S0106789684bf87b3.vw.shawcable.net) has joined ##TheStrategyLab
[11:51:54] <@wrbtrader> Recently we had a trading day like today...
[11:52:11] <xtrader34> Russell lost all its volatility
[11:52:14] <@wrbtrader> It then made a big strong continuation movement in the early afternoon trading session
[12:38:05] * Syzygy_________ (~Syzygy@65.160.73.113) has joined ##TheStrategyLab
[13:07:07] <@wrbtrader> Emini TF futures is barely above the big Down WRB HG from yesterdays price action 5min chart
[13:32:00] * Syzygy__________ (~Syzygy@65.160.73.113) has joined ##TheStrategyLab
[14:01:42] <@wrbtrader> Ovbious down trend
[14:01:50] <@wrbtrader> in Emini TF futures
[14:02:45] <@wrbtrader> In contrast, Emini ES just hasn't cared to much about what TF is doing...
[14:02:51] <@wrbtrader> It's trying now
[14:04:25] <CaydenV> NQ anf TF correlate best of the gropu and ES and YM are als similar
[14:04:46] <@wrbtrader> Shorts Emini TF @ 1222.10 -> small size
[14:05:00] <@wrbtrader> Will remain at 1 contract
[14:10:00] <@wrbtrader> snap back but now its stalled
[14:10:10] <@wrbtrader> back near my entry
[14:11:10] <CaydenV> its in taht sell tale on a 2
[14:12:30] <CaydenV> NQ could help here
[14:14:55] <CaydenV> TF at the R area of recent wrbhg on the 2
[14:21:29] <@wrbtrader> doesn't look good
[14:22:00] <@wrbtrader> Its now retesting the S area of another Down WRB HG
[14:22:44] <@wrbtrader> Where's a snap back when you need one
[14:23:36] <@wrbtrader> Trades work nicely when everybody is on the same page...
[14:23:56] <CaydenV> looks as though tf bonced its head off the top of the 13:54 down wrbhg
[14:24:03] <@wrbtrader> TF spilled some weight while other Eminis stayed calm and held their weight
[14:24:10] <CaydenV> 2 minute interval
[14:24:29] <@wrbtrader> Emini TF now trying to do a snapback
[14:30:57] <@wrbtrader> Covered Emini TF Short @ 1222.70 --> - 0.6
[14:31:38] <@wrbtrader> frustrating trade when the volatility dried up
[14:31:39] <CaydenV> 4 pm east KME postponed- TIC Long-Term Purchases
[14:32:04] <@wrbtrader> I'll try again if it drops back into the range of my prior trade signal
[14:35:09] <CaydenV> days like these would be suited for nadex binaries- but the commish and spreads are very expensive. could be selling tops of range and buying bottoms of range simultaniously on 20 minute contracts.
[14:36:10] <Syzygy__________> sounds complicated
[14:36:51] <CaydenV> and expensive- yet in its own way could be viewed like 'training wheels' for futes
[14:44:33] <Syzygy__________> Cayden where in CA are you located
[14:47:00] <CaydenV> Bodies of the NQ seem to be twice the size, (overall the days action) of those on the es and ym on the 2 minute chart im looking at. % wise simply greater range per body. Or I'm simply seeing things
[15:15:48] <@wrbtrader> Shorts Emini TF @ 1222.10 -> small size
[15:18:35] <@wrbtrader> Covered Emini TF Short @ 1221.90 --> + 0.2
[15:18:44] <@wrbtrader> :(
[15:18:53] <@wrbtrader> be back later
[15:43:17] <@wrbtrader> Shorts Emini TF @ 1220.30 -> small size
[15:43:31] <@wrbtrader> 2+1 contracts
[15:43:51] <@wrbtrader> volatility "trying hard" to increase
[15:44:02] <@wrbtrader> I'm taking a chance on the position size increase
[15:49:43] <@wrbtrader> Covered all Emini TF Short @ 1220.00 --> + 0.3
[15:50:14] <@wrbtrader> another shake out :(
[15:54:23] <CaydenV> all 4 minis syncing up perhaps
[15:54:34] <@wrbtrader> Shorts Emini TF @ 1220.60 -> small size
[15:54:46] <@wrbtrader> re-entry
[15:54:53] <@wrbtrader> 3 contracts
[15:56:19] <@wrbtrader> Covered all Emini TF Short @ 1221.30 --> - 0.7
[15:56:54] <@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.
[16:00:49] <@wrbtrader> volatility showed up but took prices upwards...
[16:00:56] <@wrbtrader> nothing to get Long on :(
[16:01:31] <@wrbtrader> Take care all and see all tomorrow
[16:01:46] <CaydenV> U 2 FOMC minutes tommorrow
[16:06:33] <Tigerman__> take care all seee next time
Session Close: Wed Feb 18 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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