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 Post subject: April 10th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Apr 11, 2015 6:23 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
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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:
041015-Key-Price-Action-Markets.png
041015-Key-Price-Action-Markets.png [ 1.12 MiB | Viewed 329 times ]

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

Session Start: Fri Apr 10 03:46:21 2015
Session Ident: ##TheStrategyLab
[09:29:05] * Attempting to rejoin channel ##TheStrategyLab
[09:29:10] * Rejoined channel ##TheStrategyLab
[09:29:10] * 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'
[09:29:10] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:29:11] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:32:36] <Tigerman__> gm all
[09:34:23] <Tigerman__> lg es 88.25
[09:34:25] <Tigerman__> intuit
[09:35:16] <Tigerman__> exit all 87 -1.25
[09:39:35] * ChanServ sets mode: +o wrbtrader
[09:39:49] <@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.
[09:41:21] <Tigerman__> confusing action noclear direction
[09:41:41] <Tigerman__> no KME in my note
[09:42:03] <Tigerman__> hopefully something breaks somewhere
[09:45:23] <Tigerman__> wow too focused on e-minies while CL doing a nice trend up
[09:45:55] <Tigerman__> next week I need be ready and trade CL to compensate for low action in ES
[09:50:57] <@wrbtrader> Emini TF futures trying hard to push above the range
[09:51:11] <@wrbtrader> Emini ES not trying too hard yet
[09:57:08] <@wrbtrader> Wow...what killed the volatility
[09:58:45] <Tigerman__> yep vola flat like a board
[09:59:50] <Tigerman__> tight range in CL now
[10:26:11] <@wrbtrader> Scary...
[10:26:41] <@wrbtrader> Its been a long time since I've see nothing but price noise like this...price action doing so very little
[10:27:12] <@wrbtrader> Its the type of price action that tempts or dare's you to walk away from the computer and come back in about an hour...
[10:27:20] <Tigerman__> umm.. seems traders wait for something or come to work after easter holiday
[10:27:21] <@wrbtrader> Its just waiting for use to do that
[10:27:45] <@wrbtrader> Then when we do it because of the boredom...it makes a big price movement while we're away :)
[10:28:02] <Tigerman__> yeah of course :)
[10:28:40] <Tigerman__> better strategy is put some alert on price and come back when it sound
[10:28:56] <@wrbtrader> I did a stats once a few years back about the trade signals I missed while AWAY from my computer (e.g. going to the store, appointments, taking a nap, going for a walk and so on)
[10:29:19] <@wrbtrader> I missed 48k in profits
[10:29:25] <@wrbtrader> In one year
[10:29:48] <@wrbtrader> Yet, there's a plus in this...
[10:29:58] <Tigerman__> in this case we need an assistant or...
[10:30:10] <Tigerman__> build our algo trade x us :)
[10:30:25] <@wrbtrader> My trading schedule is intentionally designed as such so that I can keep enduring trading year after year with the type of stress it causes.
[10:30:41] <@wrbtrader> If I sit here all day, every day from 8 to 5...
[10:30:49] <@wrbtrader> I'll burn out in about 2 years
[10:31:08] <@wrbtrader> or develop prostate cancer :)
[10:31:18] <Tigerman__> yes same me simply after some hour body and mind need relax
[10:31:55] <Tigerman__> [16:31] <@wrbtrader> or develop prostate cancer :) yeah not a nice thing :(
[10:32:31] <Tigerman__> that is a lot genetics .. but stress on trade can push hrder on that
[10:34:24] <Tigerman__> wrbtrader about audio alert ... I can set that in IB platform but I cant in TS
[10:35:13] <Tigerman__> simply with right click inside the chart the menu is greyed and not usable maybe do I need set something ?
[10:35:27] <@wrbtrader> I don't know...
[10:35:37] <@wrbtrader> If its greyed out...something isn't activated
[10:35:48] <@wrbtrader> Easylanguage allows audio alerts
[10:35:57] <Tigerman__> menu is format analysis techniques
[10:36:16] <@wrbtrader> Call them...they can help or use their forum
[10:36:19] <Tigerman__> on tS manual show some example using that
[10:36:25] <@wrbtrader> I've never seen such greyed out
[10:36:32] <@wrbtrader> Didn't even know that's possible
[10:37:14] <Tigerman__> yeah some row is greyed... I will investigate on that
[10:37:43] <Tigerman__> regardless I used alert on IB and is very helfull
[10:37:47] <@wrbtrader> Contact them about how to add sound (audio) alert via a wave (.wav) file
[10:38:12] <@wrbtrader> I use it aggressively in all my charting programs
[10:38:28] <@wrbtrader> Yet, not very useful when I'm obviously away from home
[10:38:50] <Tigerman__> yeah I need for sure use a custom sound otherwise is it confuse with others bing :)
[10:39:25] <@wrbtrader> Just down any free audio recorder and make your own sound alerts.
[10:39:36] <Tigerman__> away from home we can use mobile devise ... but wow too stressful
[10:39:56] <@wrbtrader> I had a sexy girlfriend once and I asked her to do the voice for my audio alerts :)
[10:40:41] <Tigerman__> [16:39] <@wrbtrader> Just down any free audio recorder and make your own sound alerts. yeah I did a nice onw from my mobile using indian sounds very particular when mobile rings it can be only mine device :)
[10:41:54] <@wrbtrader> There was a guy online that had one of his hip hop friends do voice audio alerts .wav files for his trading
[10:42:11] <Tigerman__> 16:39] <@wrbtrader> I had a sexy girlfriend once and I asked her to do the voice for my audio alerts :) yeah the issue with that is : fter listen that call mind think to do others thing and no trading :)
[10:42:56] <@wrbtrader> Stuff like "hey motherfucker...yo ass just got stopped out for loss"
[10:43:06] <futurestrack> no distractions Tiger!
[10:43:18] <@wrbtrader> I was laughing hysterically when I heard his alert sound for a stop/loss hit
[10:43:44] <Tigerman__> anyway best way is write an algo trading x us
[10:43:56] <Tigerman__> can be done
[10:44:09] <Tigerman__> expecially with clear rulez
[10:44:23] <Tigerman__> issue can be with management
[10:45:11] <Tigerman__> anyway that is my goal for next years
[10:45:48] <Tigerman__> now I need concetrate to trade live in person and with this low volatility is very hard
[10:46:26] <Tigerman__> an algo-robot now stay asleep no trade and we can enjoy doing something else
[10:47:00] <Tigerman__> but just audio alert is good
[10:47:17] <Tigerman__> x example later I play tennis
[10:48:22] <Tigerman__> field is a little far from home.. in contrast tennis-table can be played near home if one has a garden and when alert sound can stop and go back to the desk
[11:12:42] <Tigerman__> contracting volatility at his best now :(
[11:14:27] <Corner> The WRB-HGs are already on the weekend...
[11:33:18] <Tigerman__> have a safe weekend all see all next week take care
[12:39:13] <@wrbtrader> Long Light Crude Oil CL @ 51.65 -> small size
[12:39:26] <@wrbtrader> tough trade for me...
[12:39:41] <@wrbtrader> out of my comfort zone for trades in Oil CL futures
[12:39:43] <Corner> New market...
[12:39:55] <@wrbtrader> not new
[12:40:12] <@wrbtrader> I use to only trade Oil CL futures
[12:40:21] <@wrbtrader> just not in this time of day
[12:40:26] <Corner> really?
[12:40:32] <@wrbtrader> after 0930am est
[12:40:45] <Corner> When did you trade it?
[12:40:49] <@wrbtrader> It just stinks for me after that
[12:41:01] <xtrader34_> welcome back to CL:-)
[12:41:02] <@wrbtrader> Years ago for about 4 years
[12:41:15] <@wrbtrader> in reference to "consistently trading it"
[12:41:29] <Corner> What caused you to leave this market?
[12:41:37] <@wrbtrader> In contrast, I traded it last year a little...but hated it because of the time issue
[12:42:02] <@wrbtrader> 2 contracts
[12:42:21] <Corner> You mean the Europe session is better?
[12:42:35] <@wrbtrader> \Yes...much better
[12:42:56] <Corner> Didn't figure that out yet... :-)
[12:44:52] <@wrbtrader> Crue retesting the R area of the most recent Down WRB HG interval
[12:45:02] <@wrbtrader> now below it
[12:45:20] <@wrbtrader> mid point of the Up WRB HG (not Down WRB HG)
[12:45:32] <xtrader34_> what time frame?
[12:45:37] <@wrbtrader> 3min
[12:45:41] <xtrader34_> k
[12:45:50] <@wrbtrader> its now giving me a bearish signal
[12:45:52] <@wrbtrader> not cool
[12:46:24] <@wrbtrader> hopefully it can retrace upwards to properly setup the bearish signal...
[12:46:38] <xtrader34_> I was looking at that. Got confused when you said MRDHG
[12:46:43] <@wrbtrader> Allowing me to escape this Long position with minimim damage
[12:47:20] <@wrbtrader> |Yeah...my mistake (typos) aboout the Down WRB HG when I was actually talking about the Up WRB HG
[12:49:09] <xtrader34_> In a tight range on these highs
[12:49:27] <@wrbtrader> I've never liked getting trade signals in the opposite direction while in a trade like this current Oil CL trade
[12:49:32] <xtrader34_> 51.50 - 51.70
[12:49:58] <@wrbtrader> This is a problem I would run into OFTEN with Crude CL futures and Gold GC futures during this time of day
[12:50:12] <@wrbtrader> One of the reasons why I rarely trade them now after 0930am est
[12:50:38] <xtrader34_> Buyer were defending 51.20 - 51.15 all day long
[12:50:44] <xtrader34_> Buyers
[12:51:05] <@wrbtrader> back to mid-point of the Up WRB HG
[12:51:44] <xtrader34_> need to hold that 51.42 area!
[12:52:10] <@wrbtrader> Exited all Light Crude Oil CL Long @ 51.46 --> - 0.19
[12:53:29] <@wrbtrader> now I got an active bearish signal that hasn't reached its potentential
[12:54:10] <@wrbtrader> Shorts Light Crude Oil CL @ 51.50 -> small size
[12:54:20] <@wrbtrader> 2+1 contracts
[12:54:37] <xtrader34_> Nice short I'm with you
[12:55:20] <xtrader34_> Gotta get below 51.40 with conviction
[12:55:22] <@wrbtrader> Yeah...should'uv grabbed it around 51.57 as a position reversal or quick exit out of the Long into a Short
[12:55:45] <rwbil001> about time you traded CL. see how excited everyone is
[12:55:46] <xtrader34_> I was short at 51.60
[12:56:00] <@wrbtrader> needed it to drop to make sure that bearish price action was taking control of the prior bullish price action I traded
[12:56:23] <xtrader34_> 51.20 next level of support
[12:56:41] <xtrader34_> taking 2 off here
[12:57:09] <xtrader34_> 2 left
[12:57:15] <@wrbtrader> there's the first stall :(
[12:57:47] <Corner> GC working lower as well
[12:58:00] <xtrader34_> 51.20 is the line in the sand for buyers
[12:58:55] <xtrader34_> We brake that should be a nice drop from there to 51.00 even
[12:59:44] <xtrader34_> Stop at B/E for last 2
[13:00:05] <xtrader34_> B/E +1
[13:01:04] <@wrbtrader> more stalling...
[13:01:13] <@wrbtrader> tightning stop
[13:01:13] <xtrader34_> This 42 -38 level is tough to get through
[13:01:39] <xtrader34_> Flat
[13:02:33] <xtrader34_> Nice flush out
[13:03:11] <@wrbtrader> Covered all Light Crude Oil CL Short @ 51.46 --> + 0.04
[13:03:33] <@wrbtrader> it started getting choppy after that stall
[13:03:46] <xtrader34_> YES!
[13:04:07] <@wrbtrader> That stall occured at a WRB pt1 by the way
[13:04:24] <xtrader34_> CL has been in a buying frenzy all day long
[13:04:41] <@wrbtrader> I was looking for a WRB pt2 level...which is why I didn't dump it @ 51.38
[13:04:56] <@wrbtrader> 51.38 was my WRB pt1 area
[13:05:05] <xtrader34_> Smart play! :-)
[13:06:18] <xtrader34_> That 51.40 -38 area is holding nicely!
[13:12:10] <@wrbtrader> Shorts Light Crude Oil CL @ 51.56 -> small size
[13:12:17] <@wrbtrader> re-entry
[13:12:23] <@wrbtrader> 2 contracts
[13:15:21] <@wrbtrader> Covered all Light Crude Oil CL Short @ 51.66 --> - 0.1
[13:15:38] <rwbil001> If I was trading a 3 min chart I would have been long
[13:15:43] <@wrbtrader> Cl now above the range of my prior Short signal
[13:15:58] <@wrbtrader> the original Short
[13:16:32] <@wrbtrader> 51.84 is the range limit
[13:16:32] <rwbil001> can not say here. said in skye
[13:17:20] <@wrbtrader> 51.84 is the R area of my Zone
[13:17:25] <xtrader34_> Yeah I have 51.83 - 52.08
[13:18:36] <@wrbtrader> my area is 51.84 - 51.42
[13:18:59] <@wrbtrader> If it can get above that...I'll be bullish again
[13:19:05] <@wrbtrader> looking for Long signals
[13:19:13] <@wrbtrader> Until then...I remain bearish
[13:21:38] <@wrbtrader> Its trying to get above that level
[13:23:02] <@wrbtrader> overall...today's regular session in Crude CL is stuck inside the range of yesterday's last hour of regular session trading
[13:23:12] <@wrbtrader> tic toc tic...time running out
[13:23:38] <xtrader34_> Last push up before the dump!
[13:24:07] <@wrbtrader> Long Light Crude Oil CL @ 51.76 -> medium size
[13:24:13] <@wrbtrader> 3+1 contracts
[13:25:00] <xtrader34_> Gotta a runner!
[13:25:24] <@wrbtrader> No...I wish
[13:25:30] <xtrader34_> 52.00 - 52.10
[13:25:35] <@wrbtrader> its not even at a WRB pt1
[13:26:05] <@wrbtrader> Thus, I can still get easily shaken out of this for a small tick count
[13:26:17] <xtrader34_> There you go
[13:26:41] <@wrbtrader> You notice how I was increasing my position size as the clock gets closer to the regular session close
[13:26:53] <xtrader34_> YEP!
[13:27:02] <@wrbtrader> same thing I use to do in Emini futures when they got close to 4pm est
[13:27:04] <xtrader34_> All over that cheif!
[13:27:27] <rwbil001> I figured you did it due to little R above
[13:27:32] <@wrbtrader> Exited 2/3 Light Crude Oil CL Long @ 51.84 --> + 0.08
[13:27:48] <xtrader34_> Yes. I'm only holding 1 now
[13:27:49] <@wrbtrader> Exited Remainder Light Crude Oil CL Long @ 51.80 --> + 0.04
[13:28:05] <xtrader34_> Peeled off some on the climb
[13:28:10] <@wrbtrader> It tried hard to get going but not enough :(
[13:28:36] <@wrbtrader> The first exit was 3/4...not 2/3
[13:28:49] <@wrbtrader> still active signal
[13:29:03] <@wrbtrader> no WRB pt1 reached
[13:29:11] <@wrbtrader> both exits via trail stop outs
[13:29:14] <xtrader34_> Still holding 1 @51.71 +1 B/E
[13:29:48] <xtrader34_> Not any more. Just got smacked
[13:30:00] <@wrbtrader> My Zone is now closed...will use another
[13:30:16] <rwbil001> WRB reached on 1 min chart
[13:31:10] <xtrader34_> What's your Zone time frame?
[13:35:01] <xtrader34_> There's the dump!
[13:35:16] <xtrader34_> Pump and Dump!
[13:36:21] <@wrbtrader> Shorts Light Crude Oil CL @ 51.47 -> medium size
[13:37:23] <@wrbtrader> oooch
[13:37:27] <xtrader34_> gotta break the 40 -38 area
[13:37:53] <xtrader34_> Strong buying there area being defended
[13:38:49] <@wrbtrader> yep...stalled right at it :(
[13:39:18] <@wrbtrader> may catch a lucky rollover
[13:39:35] <xtrader34_> You still holding?
[13:40:06] <@wrbtrader> stop tighten
[13:40:14] <xtrader34_> ok
[13:44:20] <@wrbtrader> time still ticking away as it gets closer to the regular session close
[13:44:24] <@wrbtrader> tic toc tic
[13:45:34] <@wrbtrader> 51.56 is where I needed to be Short on this trade...
[13:45:40] <@wrbtrader> didn't work out as planned
[13:46:10] <@wrbtrader> stuck looking for a Houdini Escape
[13:46:22] <@wrbtrader> on declining volatility :(
[13:46:44] <xtrader34_> Strong WRBHG Down on 3 minutes and no follow through :-(
[13:47:53] <@wrbtrader> That's because they know I've moved over to the Crude CL futures :)
[13:48:00] <@wrbtrader> someone has my broker ID :)
[13:48:02] <xtrader34_> hahahaha
[13:48:18] <@wrbtrader> I'm playing with the big boys now
[13:48:32] <xtrader34_> :-) Welcome to the club!
[13:48:33] <@wrbtrader> They're thinking payback time from many years ago :)
[13:49:24] <rwbil001> I am looking for a short here also, but not seeing anything I like yet
[13:49:28] <@wrbtrader> Crude Oil CL and Brent is like a bar room brawl...
[13:49:39] <@wrbtrader> punch anything that gets near you
[13:49:48] <xtrader34_> My kind of action !
[13:49:52] <rwbil001> right at an up 1 min TL
[13:50:12] <@wrbtrader> spiked
[13:50:23] <@wrbtrader> right through a level
[13:50:24] <xtrader34_> Being that I used to own a martial arts studio for 15 years!
[13:51:38] <@wrbtrader> I'm trying to re-short
[13:52:13] <@wrbtrader> Shorts Light Crude Oil CL @ 51.72 -> medium size
[13:52:17] <@wrbtrader> re-entry
[13:53:19] <@wrbtrader> prior out 51.61 for -0.14
[13:54:03] <@wrbtrader> looks like its going to be a "churn" between this one and the prior
[13:54:33] <@wrbtrader> need +0.16 to pay for both
[13:55:19] <xtrader34_> Yep. It looks like some sellers are stepping in a little. On my Bid and Ask chart
[13:55:38] <rwbil001> I see no short against that up WRB HG
[13:56:02] <@wrbtrader> another stall
[13:56:04] <xtrader34_> That is a strong move up
[13:56:08] <@wrbtrader> trade in trouble again
[13:56:18] <@wrbtrader> tightning stop loss
[13:56:47] <@wrbtrader> increasing volatility (very choppy spike)
[13:57:12] <xtrader34_> Keep an eye on that 40 - 38 level
[13:57:39] <@wrbtrader> I'm getting off the tick chart...got some data problems
[13:59:27] <@wrbtrader> a little lost now...
[13:59:41] <xtrader34_> ?
[13:59:42] <@wrbtrader> I changed the intervals and I'm not sure if I'm at a WRB pt1
[13:59:50] <@wrbtrader> easy solution
[13:59:59] <xtrader34_> What time frame
[14:00:41] <@wrbtrader> Covered 3/4 Light Crude Oil CL Short @ 51.51 --> + 0.21
[14:00:47] <@wrbtrader> start dumping
[14:00:52] <xtrader34_> :-)
[14:01:09] <@wrbtrader> will manage this remainder via the 3min chart
[14:01:10] <rwbil001> now I am short good or bad
[14:01:18] <xtrader34_> getting close to that 40 - 38 level
[14:02:27] <xtrader34_> Time for some starbucks !
[14:03:34] <@wrbtrader> CL stalling again
[14:03:45] <@wrbtrader> trail @ profit
[14:04:31] <@wrbtrader> I need a 51.20 to clean up the mess I made out of the gate in CL
[14:04:34] <xtrader34_> There the break!
[14:04:54] <@wrbtrader> WRB pt1 reached
[14:05:05] <xtrader34_> 51.20 - 51.00 next level of defense
[14:05:08] <@wrbtrader> will get greedy...I need that 51.20
[14:05:13] <@wrbtrader> will hold
[14:05:19] <xtrader34_> :-D
[14:05:53] <TradeSnake> Long GC @ 1206.0
[14:05:53] <@wrbtrader> or I'll hve to go 2 - 3 contracts on the next trade if I don't get 51.20
[14:06:16] <@wrbtrader> position size tactic to get profitable in Oil CL after the losing trades
[14:06:55] <TradeSnake> lucky fill on the pull back into WRB HG on 3 min chart
[14:08:21] <xtrader34_> 40 - 38 and 20 - 00. two battle zone
[14:09:15] <@wrbtrader> 51.18 order
[14:09:24] <xtrader34_> 20 level reached
[14:09:35] <@wrbtrader> and it bounces instead off the 51.20
[14:10:05] <xtrader34_> Yeah another area of defense for buyers
[14:10:46] <xtrader34_> 51.20 -51.00
[14:12:00] <@wrbtrader> Oil CL futures back at the WRB pt1 of 51.35
[14:12:19] <@wrbtrader> That's the S area of the most recent Down WRB HG on the 3min chart
[14:12:35] <@wrbtrader> :(
[14:12:45] <xtrader34_> I brought at that 20 - 05 level earlier in the day. 3 times and got nice runs
[14:13:10] <@wrbtrader> low of the contracting volatility before that is 51.41
[14:13:12] <xtrader34_> YES it is!
[14:13:51] <@wrbtrader> hopefully it can snapback here after testing the 51.41
[14:13:58] <@wrbtrader> its trying
[14:14:24] <xtrader34_> for a short?
[14:14:58] <@wrbtrader> After Oils regular session close...I'm going to switch back to the Emini futures
[14:15:24] <xtrader34_> good move its going to slowwww down!
[14:17:20] <@wrbtrader> Covered Remainder Light Crude Oil CL Short @ 51.49 --> + 0.23
[14:17:26] <@wrbtrader> :(
[14:17:56] <@wrbtrader> that was a confusing trail stop placement for me
[14:18:39] <@wrbtrader> R area of the most recent Down WRB HG @ 51.54
[14:19:03] <xtrader34_> At least you weren't pick pocketed :-)
[14:19:26] <@wrbtrader> now comes the hard part of these next few contracts
[14:19:45] <xtrader34_> You still short!
[14:19:51] <@wrbtrader> now
[14:19:56] <@wrbtrader> looking to re-entry
[14:20:39] <xtrader34_> Too much chop for me!
[14:20:58] <@wrbtrader> Yeah and i'm seeing more long shadow intervals too
[14:21:01] <@wrbtrader> :(
[14:21:24] <xtrader34_> correct!
[14:21:41] <@wrbtrader> Shorts Light Crude Oil CL @ 51.43 -> small size
[14:22:08] <@wrbtrader> intuition trade via the 1min chart
[14:22:12] <@wrbtrader> 2 contracts
[14:25:32] <@wrbtrader> Covered all Light Crude Oil CL Short @ 51.50 --> - 0.07
[14:26:18] <@wrbtrader> crazy spike again
[14:26:47] <@wrbtrader> Shorts Light Crude Oil CL @ 51.53 -> small size
[14:26:53] <@wrbtrader> re-entry
[14:27:13] <@wrbtrader> I'm trying to catch a running going into the regular session close of Crude
[14:27:23] <@wrbtrader> not working too well
[14:28:06] <@wrbtrader> Covered all Light Crude Oil CL Short @ 51.47 --> + 0.06
[14:28:34] <@wrbtrader> Shorts Light Crude Oil CL @ 51.63 -> small size
[14:28:39] <@wrbtrader> re-entry
[14:28:45] <@wrbtrader> 2 contracts
[14:30:25] <@wrbtrader> Covered all Light Crude Oil CL Short @ 51.73 --> - 0.1
[14:32:21] <@wrbtrader> I won't touch CL now...its in that graveyard shift now
[14:33:42] <@wrbtrader> will wait for the 3pm est volatility tic toc tic to begin in the Emini futures
[14:34:00] <@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.
[15:00:35] <TradeSnake> Covered GC Long @ 1207.0 --> +1.0
[15:18:05] <@wrbtrader> By the way, VIX is down in the 12 range
[15:18:18] <@wrbtrader> markets starting to get more scarier
[15:18:59] <@wrbtrader> If it drops below 10...I'll start cutting back on my trading and more days off
[15:20:07] <TradeSnake> I got VIX at 13.65 currently... am I missing something?
[15:21:14] <@wrbtrader> Yeah
[15:21:48] <@wrbtrader> I have it between 12.50 - 1385 via three different data vendors
[15:21:57] <@wrbtrader> regardless...its low
[15:22:01] <@wrbtrader> and getting lower
[15:24:28] <@wrbtrader> I have something "similar" to this chart @ http://quotes.esignal.com/esignalprod// ... ader=false
[15:24:54] <TradeSnake> ok thanks, I'll investigate my sources
[15:25:15] <@wrbtrader> That steady decline in the VIX is something very problematic
[15:25:32] <@wrbtrader> for me as a trader of volatility in any key markets
[15:25:51] <@wrbtrader> Simply, whatever trade problems that were there recently...
[15:26:03] <@wrbtrader> It can easily get worst by a lot if the VIX continue dropping
[15:30:38] <TradeSnake> Ok, I see I am watching the VIX futures contracts... regardless, same pattern and I agree it's not looking good!
[15:51:11] <@wrbtrader> Looks like I picked a bad day to jump into Crude Oil CL trades...
[15:51:50] <@wrbtrader> There's no trade opportunities in Emini futures to compensate for the losses since the regular session close of Oil
[15:51:57] <@wrbtrader> tic toc tic
[15:52:07] <@wrbtrader> something needs to happen soon
[15:59:15] <@wrbtrader> :(
[15:59:36] <@wrbtrader> A dead regular session close for the Emini futures
[15:59:44] <@wrbtrader> geeesh
[16:00:59] <@wrbtrader> The 15min chart and higher showsn nothing but contraction in the volatility today
[16:01:17] <@wrbtrader> Hopefully this sets up a big volatility spike on Monday
[16:01:50] <@wrbtrader> Take care all and have a good weekend
[16:04:38] <TradeSnake> Thank you!
[20:07:23] * Disconnected
Session Close: Fri Apr 10 20:07:23 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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