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 Post subject: April 8th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Apr 09, 2015 5:41 am 
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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
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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.

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:
040815-Key-Price-Action-Markets.png
040815-Key-Price-Action-Markets.png [ 1.12 MiB | Viewed 291 times ]

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

Session Start: Wed Apr 08 08:31:44 2015
Session Ident: ##TheStrategyLab
[08:31:45] * Now talking in ##TheStrategyLab
[08:31:45] * Topic is 'Chat room for traders that are using concepts from WRB Analysis to help improve their entry signals, initial stop/loss management, profitable trail stops or profit targets. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... 119&t=718'
[08:31:45] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[08:31:45] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:33:01] <wrbtrader> Good morning all...lots of Down WRB Hidden GAP intervals in the Emini Futures yesterday on the regular session chart
[09:33:42] * ChanServ sets mode: +o wrbtrader
[09:33:44] <Corner> Good morning all
[09:34:05] <@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.
[09:35:07] <Tigerman__> gm all
[09:38:39] <Corner> No WRB in the REG Session ES mini 1min until now... (at least on my chart)
[09:39:45] <rwbil001> cl Tight trading range most of the morning; guess waiting for inventory. .66 ADR so far today
[09:41:41] <Tigerman__> TF moves higher in up trend
[09:48:56] <Tigerman__> nice move on NQ too
[09:49:05] <Tigerman__> just miss a nice entry
[09:49:22] <Tigerman__> now too risky enter
[09:50:31] <futurestrack> Corner... I still don't have a wrb on es 1m
[09:51:36] <Corner> fs - first just came in on 9:51
[09:52:01] <Corner> strange price action...
[09:53:05] <Tigerman__> hi corner what is trange x you ?
[09:53:22] <futurestrack> yup
[09:54:11] <Corner> ES mini creeping higher without volatility breakouts
[09:55:28] <Tigerman__> ah in reality there is in different frames
[09:56:09] <Tigerman__> but today is nice ... I recall months ago go straith higher with really no volatility
[09:56:50] <Corner> I know. But this looks unemotional to me... I want panic or buy panic! Looks like algo trading
[09:56:53] <TradeSnake> KME today @ 10:30 am EST Crude Oil Inventories AND @ 2:00 pm EST FOMC Meeting Minutes
[09:58:05] <Tigerman__> ah yes more volatility is better but is so rare these days :(
[09:58:37] <rwbil001> if CL or GC gets and slower I might fall asleep
[09:58:49] <rwbil001> any
[10:03:53] <@wrbtrader> Shorts Emini ES @ 2077.50 -> large size
[10:06:27] <@wrbtrader> Short Emini TF futures @ 1255.90 small size ---> 2 contracts
[10:06:48] <Corner> ES mini tested S area of yesterdays WRB HG
[10:07:10] <Corner> Reaction high in the same area
[10:07:43] <@wrbtrader> Covered all Emini ES Short @ 2078.25 --> - 0.75
[10:08:31] <TradeSnake> Short GC @ 1206.5
[10:08:33] <@wrbtrader> Exit Emini TF futures 1256.90 ---> -1.00
[10:08:54] <Corner> EUR.USD and GC dropping now
[10:09:01] <@wrbtrader> Emini ES was 10 contracts
[10:09:12] <TradeSnake> Covered CG @ 1205.5 --> +1.0
[10:09:19] <@wrbtrader> I'm not willing to push the size hard in this price area
[10:10:18] <TradeSnake> had a sell stop entry @ 1207.0 and was skidded by 5 ticks! still go my pt tho...
[10:13:25] <@wrbtrader> Shorts Emini ES @ 2077.25 -> large size
[10:13:33] <@wrbtrader> re-entry
[10:14:10] <@wrbtrader> Short Emini TF futures @ 1256.30 small size ---> 2 contracts
[10:14:15] <@wrbtrader> re-entry
[10:16:47] <@wrbtrader> Cover Emini TF futures 1256.20 ---> +0.10
[10:16:51] <@wrbtrader> :(
[10:20:15] <@wrbtrader> still no WRB pt1 in Emini ES futures
[10:20:26] <@wrbtrader> Its just creeping lower on contracting volatility
[10:23:28] <futurestrack> I have a wrb at 10:18 on the 1m
[10:23:46] <futurestrack> we're back at the top of it now
[10:24:13] <mtntrader> ES?
[10:24:50] <futurestrack> yes... es Sorry that's 2min bars.
[10:25:09] <@wrbtrader> Covered all Emini ES Short @ 2077.00 --> + 0.25
[10:26:17] <@wrbtrader> The only good thing about the contracting volatility is that many key markets are insync with it...they're all doing it too
[10:26:35] <@wrbtrader> That usually sets up a volatility spike
[10:26:38] <futurestrack> On my 1m I have a WRB right where it turned back up.
[10:26:45] <Corner> I hope the pending KME in CL will produce some volatility
[10:27:52] <@wrbtrader> Oil futures KME pending @ 1030am est
[10:30:21] <@wrbtrader> Shorts Emini ES @ 2076.50 -> large size
[10:30:30] <@wrbtrader> re-entry
[10:31:40] <@wrbtrader> volatility dead in the water
[10:35:49] <mtntrader> Ha, you spoke too soon.
[10:36:06] <@wrbtrader> Covered all Emini ES Short @ 2073.75 --> + 2.75
[10:36:35] <@wrbtrader> WRB pt1 reached via 3min chart
[10:37:27] <@wrbtrader> Its also my targeted R area of the most recent Up WRB Hidden GAP interval (0930am - 0933am est)
[10:38:45] <@wrbtrader> Not sure whats wrong with today's volatility...
[10:39:36] <@wrbtrader> The regular session begin well but it slowly went into that contraction...very odd to do such so early in the morning instead of doing such AFTER the 1030am est KME
[10:39:50] <mtntrader> Short ES @ 73.75
[10:40:49] <mtntrader> Covered half @71.25
[10:41:08] <Corner> CL now being crushed after KME
[10:41:51] <Corner> CL insync with EUR.USD, ES and DAX
[10:42:04] <@wrbtrader> The 60mins (1 hour) regular session chart of Emini ES has the price action stuck inside the range of the big Down WRB Hidden GAP interval of March 25th 1100am - 12noon est
[10:42:20] <Tigerman__> wow big spike on ES
[10:42:28] <mtntrader> Covered balance at 67.50 +3.75
[10:42:35] <@wrbtrader> Emini ES futures now below the S area of that Down WRB Hidden GAP interval
[10:42:46] <futurestrack> nice job mtn
[10:42:47] <Tigerman__> I just exited too soon at first wrb pt1
[10:42:56] <Tigerman__> with all size
[10:43:05] <Tigerman__> no remainder to use
[10:43:13] <@wrbtrader> If WRB pt1 was your goal...you did the right thing
[10:43:19] <Tigerman__> simply not expecting this big spike here
[10:43:25] <@wrbtrader> If WRB pt2 was your goal...you did the wrong thing
[10:43:27] <mtntrader> thx
[10:44:10] <Tigerman__> [16:43] <@wrbtrader> If WRB pt1 was your goal...you did the right thing.. yeah right simply I torment myself in hindsight ahh if I held that more
[10:44:19] <@wrbtrader> Gold GC futures trying hard (it is struggling) to get its own volatility moving
[10:50:32] <@wrbtrader> Long Emini TF futures @ 1253.20 (high risk) ---> 3 contracts
[10:51:18] <@wrbtrader> stalled
[10:55:12] <@wrbtrader> Exit 2/3 Emini TF futures @ 1254.30 ---> +1.10
[10:56:53] <@wrbtrader> Exit remainder Emini TF futures @ 1255.00 ---> +1.80
[10:57:14] <@wrbtrader> all contracts @ WRB pt1 plus
[10:57:48] <@wrbtrader> the remainder was @ WRB pt2 plus
[10:58:04] <@wrbtrader> 1min chart trade management after entry
[10:58:56] <mtntrader> wrbtrader, do you always use a 1 minute chart to calculate your PTs?
[10:59:29] <@wrbtrader> No...as shown in a recent trade...
[11:00:00] <@wrbtrader> [10:36:06] <@wrbtrader> Covered all Emini ES Short @ 2073.75 --> + 2.75
[11:00:00] <@wrbtrader> [10:36:35] <@wrbtrader> WRB pt1 reached via 3min chart
[11:00:29] <xtrader34_> Volatility finally showed up in CL :-) after the KME @ 10:30
[11:00:41] <mtntrader> thanks
[11:14:42] <@wrbtrader> Overall volatility still not what I expected
[11:15:11] <@wrbtrader> Maybe there was too much volatility in yesterday's afternoon price drop...took some of the wind out of today's price action
[11:58:42] <Tigerman__> be back later ...
[12:52:59] <Corner> Gold GC futures now following CL down
[13:53:54] <mtntrader> KME in 6 minutes. Release of FOMC minutes.
[13:56:52] <Tigerman__> hi all I m back x the news
[13:57:29] <Tigerman__> hopefully something moves strong after that :)
[14:03:41] <Corner> Mhhh. Long shadows everywhere in the ES mini 1min
[14:06:34] <xtrader34_> CL going nuts right now!
[14:11:32] <Tigerman__> wow very stressfull news
[14:12:30] <Tigerman__> not clear signals so too much intuitional trades x me
[14:13:24] <mtntrader> Long ES 2068.50
[14:14:41] <mtntrader> Covered half at 74.25
[14:15:00] <Tigerman__> lg es 2074.25
[14:15:08] <Tigerman__> chasing too late
[14:15:41] <Tigerman__> entry near 72 but see too late
[14:16:05] <Tigerman__> exit 50 + 1tk
[14:17:19] <Tigerman__> lg es 75.5
[14:17:29] <Tigerman__> fast chart used here
[14:18:44] <Tigerman__> exit all 77 1.5 pt
[14:19:10] <mtntrader> Out balance at 76.25, +7.75
[14:24:13] <mtntrader> Long ES 2077.00
[14:25:21] <mtntrader> Covered all at 77.00 +0
[14:30:09] <mtntrader> Long ES 2076.00 re-entry
[14:31:25] <xtrader34_> Watching the total flush in CL now
[14:31:42] <xtrader34_> Longs covering big time
[14:32:22] <mtntrader> Out 2075.50 -.50
[14:35:23] <mtntrader> Long ES 2075.75, last long attempt
[14:36:55] <mtntrader> Out scratch +0
[14:43:41] <mtntrader> Short ES 73.25
[14:44:04] <@wrbtrader> Emini ES futgures back at the price of the FOMC Minutes
[14:45:32] <Corner> wrb - I was surprised that you didn't trade...
[14:45:40] <@wrbtrader> I wasn't here
[14:45:57] <mtntrader> Out 74.00 -.75
[14:50:31] <mtntrader> Long ES 2075.00
[14:52:54] <mtntrader> Out at 2075.00 +0
[14:55:55] <@wrbtrader> Shorts Emini ES @ 2071.25 -> small size
[14:56:08] <@wrbtrader> 5 contracts
[14:57:36] <@wrbtrader> Covered Emini ES Short @ 2072.00 --> - 0.75
[14:59:47] <@wrbtrader> back to the 2072.75 price action
[15:00:38] <xtrader34_> Volatility dried up again. No follow through :-(
[15:00:50] <@wrbtrader> Long Emini ES @ 2073.25 -> small size
[15:01:00] <@wrbtrader> 5 contracts
[15:01:11] <@wrbtrader> high risk trade
[15:04:51] <@wrbtrader> Exited all Emini ES Long @ 2074.50 --> + 1.25
[15:06:19] <@wrbtrader> I tried something new on both trades (short and then Long).
[15:06:54] <xtrader34_> Worked out on the long side! Nice trade :-)
[15:07:28] <@wrbtrader> Yeah...would have been better because the trade signal was @ 2072.25
[15:08:19] <xtrader34_> Late entry but you got some follow through!
[15:15:22] <mtntrader> wrbtrader, what new thing did you try on those two trades?
[15:15:31] <@wrbtrader> private
[15:15:38] <mtntrader> ok
[15:15:54] <mtntrader> just trying to learn
[15:16:05] <@wrbtrader> me too :)
[15:17:50] <@wrbtrader> Gotta go...been busy in and out of the house today this afternoon.
[15:17:57] <@wrbtrader> Take care all and see all tomorrow
[15:18:12] <Corner> Take care
[15:18:28] <Tigerman__> ok take care wrbtrader
[16:04:47] <Tigerman__> lg NQ 4371
[16:07:41] <Tigerman__> exit all NQ at 4371.75 + 3 tks
[16:08:04] <Tigerman__> take care all see all next time
[19:27:07] * Disconnected
Session Close: Wed Apr 08 19:27:08 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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