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 Post subject: February 24th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Feb 28, 2015 11:16 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)
questions@thestrategylab.com (24/7)
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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:
022415-Key-Price-Action-Markets.png
022415-Key-Price-Action-Markets.png [ 1.09 MiB | Viewed 44 times ]

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

Session Start: Tue Feb 24 09:10:34 2015
Session Ident: ##TheStrategyLab
[09:10:34] * Now talking in ##TheStrategyLab
[09:28:47] <Tigerman__> gm all
[09:30:40] * CaydenV (CaydenV@cpe-104-173-21-187.socal.res.rr.com) has joined ##TheStrategyLab
[09:31:02] <wrbtrader> Long Emini ES futures @ 2107.25 large size 10 contracts
[09:33:50] <wrbtrader> Exit all Emini ES futures @ 2107.25 ---> 0.00
[09:34:14] <wrbtrader> should'uv taken that WRB pt1 when I had the chance
[09:36:12] * mtntrader (~mtntrader@76.25.5.217) has joined ##TheStrategyLab
[09:37:13] <wrbtrader> snapback
[09:37:16] <Lightenup> Russel has taken out overnight high and low
[09:37:18] <wrbtrader> in Emini TF
[09:38:35] <wrbtrader> tight opening range with too many long shadow intervals
[09:40:57] <wrbtrader> Long Emini ES futures @ 2106.25 large size 5contracts
[09:43:27] <Tigerman__> lg es 2106.25
[09:45:03] <Tigerman__> exit all es 2106.5 +1 tk
[09:45:48] <wrbtrader> Exit all Emini ES futures @ 2107.00 ---> +0.75
[09:45:49] <Tigerman__> aton of news at 10 am plus yell talk
[09:45:54] <wrbtrader> :(
[09:46:05] <wrbtrader> early exit
[09:46:33] <wrbtrader> that 2nd Long was a re-entry off the first Long price action
[09:47:11] <Lightenup> Long dow 18101
[09:48:02] <CaydenV> KMEs at 10 east
[09:48:06] <Lightenup> Flat Dow 18111 +10
[09:48:15] <Tigerman__> NQ continue his way apart the others
[09:50:38] <Lightenup> Dow pt 1 reached
[09:53:52] <Tigerman__> lg es 208.25
[09:54:12] <Tigerman__> exit all es 207.5 -3 t
[09:54:16] <Tigerman__> intuitil small
[09:58:05] <wrbtrader> Hopefully the 100am est KME will generate a GAP zone because the only one up here has already been filled :(
[10:04:39] <wrbtrader> Long Emini TF @ 1230.10 -> small size
[10:04:50] <wrbtrader> 1+1 contracts
[10:04:55] <wrbtrader> intuition
[10:05:51] <Volker> Draghi talking and LaGarde doesn#t like the Greek list, this should be a source for more WRBs
[10:06:17] <wrbtrader> Exited all Emini TF Long @ 1230.30 --> + 0.2
[10:06:48] <Tigerman__> yeah that list means others money from EU tax payer :(
[10:07:09] <wrbtrader> Looks like the market is lost with the speech and consumer confidence report starting about the same time :(
[10:07:29] <Tigerman__> yeah figh here
[10:09:18] <Tigerman__> lg es 2106
[10:10:01] <Tigerman__> exit all es 2107 +4t
[10:10:11] <CaydenV> volume coming in
[10:10:41] * Retrieving ##TheStrategyLab modes...
[10:11:03] <CaydenV> Yellon support team- just opening the spickits- IDK what the heck I'm talking about
[10:12:21] <CaydenV> this could be a reasonable range trade day though.
[10:21:22] <CaydenV> check out the RUT 1 minute
[10:22:34] <CaydenV> TF shortly went after that gap
[10:28:50] <TradeSnake______> Long GC @ 1198.4
[10:29:09] * winmax200 (~androirc@S0106789684bf87b3.vw.shawcable.net) has joined ##TheStrategyLab
[10:33:14] <TradeSnake______> Flat CG @ 1199.9 --> +1.5
[10:35:22] <Lightenup> TF testing support of the up wrbhg 1,2,3,5,min charts
[10:45:59] <CaydenV> NQ looking at her HOD
[10:47:09] <CaydenV> she filled her reg session gap and now looking to hit it again at HOD
[11:04:17] <CaydenV> all 4 major eminis now trading above yes close- tf nosing down against ym, es, and NQ- NQ just now peekink/breaking above yes close for a second time today.
[11:13:56] <wrbtrader> Long Emini TF @ 1233.00 -> small size
[11:14:07] <wrbtrader> 3 contracts
[11:14:21] <wrbtrader> :(
[11:15:09] <wrbtrader> Exited all Emini TF Long @ 1233.40 --> + 0.4
[11:15:17] <wrbtrader> entry was an error
[11:15:25] <wrbtrader> sidelines...will just watch
[11:15:39] <CaydenV> were you late- was that the error
[11:16:36] <wrbtrader> late and outside the Zone
[11:17:43] <mtntrader> Do you mean that price had almost filled the HG?
[11:17:58] <wrbtrader> No
[11:18:04] <Tigerman__> super junk action
[11:18:05] <wrbtrader> Zone not filled
[11:18:12] <wrbtrader> I was just outside the Zone
[11:18:34] <CaydenV> entry was just above - i think
[11:19:26] <CaydenV> scratch that comment please
[11:19:33] <CaydenV> too much coffee
[11:36:39] <wrbtrader> Shorts Emini TF @ 1230.40 -> small size
[11:36:54] <wrbtrader> 3 contracts
[11:37:02] <wrbtrader> beware of the snapback :(
[11:40:11] <wrbtrader> stalling :(
[11:41:26] <wrbtrader> Covered 2/3 Emini TF Short @ 1229.90 --> + 0.5
[11:41:35] <wrbtrader> shallow WRB pt1 reached
[11:42:10] <Tigerman__> dead action
[11:42:22] <Tigerman__> I shorted ES collected 1 tick loss
[11:42:44] <wrbtrader> Covered Remainder Emini TF Short @ 1230.10 --> + 0.3
[11:43:11] <Tigerman__> regardless if a good move not show up I exit from trading today
[11:43:32] <Tigerman__> I collect mentall stress and not money :(
[11:43:33] <wrbtrader> Shorts Emini TF @ 1229.70 -> small size
[11:43:40] <wrbtrader> 3 contracts
[11:43:53] <wrbtrader> re-entry
[11:44:14] <wrbtrader> size error...should have been a 1 0r 2 contract trade
[11:44:31] <wrbtrader> looking for a Houdini escape
[11:45:42] <wrbtrader> Covered all Emini TF Short @ 1229.70 --> 0
[11:46:12] <Tigerman__> wow I regained my loss on my last short
[11:46:26] <Tigerman__> simply bad action only small size
[11:46:36] <Tigerman__> not worth the time used in it
[11:46:38] <wrbtrader> more long shadow intervals
[12:09:21] * mmm___ (~mmm@cpe-76-90-227-83.socal.res.rr.com) has joined ##TheStrategyLab
[12:48:32] <Tigerman__> simply a no trading day :(
[13:19:02] <CaydenV> CV in the recent up wrbhg
[13:21:43] * hp101 (~hp101@212095007054.public.telering.at) has joined ##TheStrategyLab
[13:22:29] <hp101> Hi Guys.. quite trading day so far ;)
[13:28:59] <wrbtrader> Yep...I think its because most aren't trading today
[13:30:43] <CaydenV> well- its dificutt for me to narrate my trades but i having one exciting day
[13:30:47] <hp101> @wrbtrader Do you have any expectations regarding the volatility for this week?
[13:32:36] <wrbtrader> So far it sucks although today was better than yesterday
[13:32:59] <hp101> yes.. very tight trading range yesterday.
[13:33:38] <CaydenV> I like how the price is moving oyt of the 12;54 wrbhg
[13:34:24] <CaydenV> TF was picular to ym, es, and nq on that zone
[13:37:25] <CaydenV> I was noticing some suttle gaps today on the 1 minute where the tape must have been- or rather the volitility of price was moving so extreme that the candle sticks had a 1 tick gap between adjacent intervals- Saw the same in cash-
[13:43:05] <wrbtrader> Long Emini TF @ 1230.20 -> small size
[13:43:10] <wrbtrader> 2 contracts
[13:46:50] <CaydenV> its super cool when thje volitility get your pt1 and a well defined S area in a wrbhg...should it last- im on a 3 minutechart
[13:47:47] <wrbtrader> Exited all Emini TF Long @ 1230.40 --> + 0.2
[13:48:10] <wrbtrader> target was a WRB pt2
[13:48:15] <wrbtrader> snapback killed that
[13:49:20] <CaydenV> yep- closed it while i was key boarding- still pretty cool considering
[13:50:03] <CaydenV> ym was the oly emini major index to make a wrbhg
[13:50:32] <CaydenV> 3 minute chart 13:42
[13:50:48] <Tigerman__> ok I lose too much time with this junk
[13:51:04] <Tigerman__> maybe can recup maybe not
[13:51:36] <Tigerman__> anyway I need exit and hope for a better volatility next time
[13:51:55] <Tigerman__> take care all see next time
[13:52:55] <wrbtrader> Emini TF just closed a WRB Zone
[13:53:36] <CaydenV> yep- the 3 minute Z from 13:30
[13:55:00] <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.
[13:55:05] <CaydenV> ym, nq and es trading above a continuation Z from 13:30- I hope that an OK term-(continuation Zone)
[13:56:23] <CaydenV> CV does not, however share a tick in the YM and NQ and ES
[14:06:26] <@wrbtrader> Shorts Emini TF @ 1228.70 -> medium size
[14:06:40] <@wrbtrader> 4 contracts
[14:06:55] <@wrbtrader> volatility out of nowhere
[14:07:03] <CaydenV> into the 13:30 wrnhg
[14:07:43] <CaydenV> in 3 minute interval talk
[14:07:52] <@wrbtrader> Covered 1/2 Emini TF Short @ 1228.10 --> + 0.6
[14:08:14] <@wrbtrader> WRB pt1 reached
[14:08:47] <@wrbtrader> twice today I let a WRB pt1 slip through my fingers on a trading day that's not coughing up much
[14:09:47] <CaydenV> bouncing out of the zone- the es, nq and ym that is
[14:10:47] <CaydenV> flyonthewall.com: U.S. New Home Sales Preview
[14:10:48] <CaydenV> U.S. New Home Sales Preview: January new home sales data is out Wednesday and should reveal a -3.3% headline decrease to a 465k (median 470k) pace from 481k in December and 431k in November. Other housing measures also fell for the month with starts down -2.0% to 1,065k from 1,087k and existing home sales down -4.9% to 4.820 M from 5.070 M in December.
[14:14:51] <@wrbtrader> Covered Remainder Emini TF Short @ 1228.10 --> + 0.6
[14:14:58] <@wrbtrader> :(
[14:15:00] <CaydenV> nice
[14:15:40] <CaydenV> triple bottom tap on the TF
[14:16:37] <CaydenV> small bodies since 13:42
[14:16:56] <CaydenV> and 13:45
[14:18:35] <CaydenV> TF seems to be counter tren to ym, es and nq since 12:30
[14:20:06] <mtntrader> I agree -- unusual bifurcation. Started the day that way with NQ going down while TF going up.
[14:21:30] <CaydenV> 3- 3 minute dojis on es- now small bodies
[14:25:15] <CaydenV> exhausred market
[14:25:25] <CaydenV> me too
[14:30:13] <CaydenV> heading back down to the 13:30 zone again
[14:32:00] <CaydenV> potential wrbhg on the 3 minute w/ ym, es and nq
[14:34:53] <CaydenV> now es price in the 13:30- ym too- nq too
[14:35:36] <CaydenV> 3rd tim inside this open zone
[14:36:33] <CaydenV> lets see if we get a wrb into it, below it and back out or in to it
[14:42:05] <CaydenV> es, ym nq trading toward R in recent wrbhg
[14:45:26] <CaydenV> the battle of the wrbhg's
[14:56:27] <CaydenV> hi'll do that- but i simply am afraid that all my oter custom settings mike revert back- for instance the back round color
[14:57:16] <CaydenV> return to sender
[15:25:03] <@wrbtrader> Thanks CaydenV
[15:25:13] <@wrbtrader> Take care all and see all tomorrow
[15:58:22] * Bradk___________ (~Bradk@CPE-123-211-29-179.lnse3.cha.bigpond.net.au) has joined ##TheStrategyLab
[16:13:48] <CaydenV> C U Katz L8TR
Session Close: Tue Feb 24 21:38:36 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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