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 Post subject: April 17th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Apr 17, 2015 8:39 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
Price Action Trading (no technical indicators)
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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:
041715-Key-Price-Action-Markets.png
041715-Key-Price-Action-Markets.png [ 1.51 MiB | Viewed 309 times ]

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

Session Start: Fri Apr 17 09:06:47 2015
Session Ident: ##TheStrategyLab
[09:06:47] * Now talking in ##TheStrategyLab
[09:06:47] * 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'
[09:06:47] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:06:47] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:07:24] * ChanServ sets mode: +o wrbtrader
[09:10:58] <@wrbtrader> A wow of a price drop in the Emini futures and Eurex Dax futures between 0500am - 0600am est
[09:12:29] <@wrbtrader> U.S. Stock-Index Futures Decline on China Short-Selling Move (Bloomberg) @ http://www.bloomberg.com/news/articles/ ... t-earnings
[09:13:25] <@wrbtrader> Europe Stocks Fall Most in Three Weeks Amid Greece as Banks Drop (Bloomberg) @ http://www.bloomberg.com/news/articles/ ... eekly-drop
[09:13:41] <@wrbtrader> Blame it on Europe and China
[09:30:47] <@wrbtrader> Shorts Emini ES @ 2083.50 -> large size
[09:30:56] <@wrbtrader> intuition trade
[09:31:14] <@wrbtrader> 10 contracts
[09:31:34] <@wrbtrader> no TA
[09:32:55] <@wrbtrader> Covered all Emini ES Short @ 2084.75 --> - 1.25
[09:33:00] <@wrbtrader> snapback
[09:37:37] <@wrbtrader> very choppy
[09:40:42] <@wrbtrader> Shorts Emini ES @ 2084.25 -> large size
[09:40:54] <@wrbtrader> re-entry 20 contracts
[09:42:39] <@wrbtrader> WRB pt1 reached...need to be careful of a snapback like the one that nailed me for a loss in the prior Short
[09:42:57] <@wrbtrader> trailing @ profit
[09:44:10] <@wrbtrader> Covered 1/2 Emini ES Short @ 2078.50 --> + 5.75
[09:44:57] <@wrbtrader> first time in a very long time I caught a runner on an "intuition trade"
[09:45:12] <@wrbtrader> WRB pt2 reached
[09:46:36] <@wrbtrader> error...not a WRB pt2
[09:47:40] <@wrbtrader> Covered Remainder Emini ES Short @ 2078.50 --> + 5.75
[09:50:19] <@wrbtrader> Shorts Emini ES @ 2078.25 -> large size
[09:50:40] <@wrbtrader> no fill @ 2079.00
[09:50:45] <@wrbtrader> now I'm chasing
[09:51:01] <@wrbtrader> 15 contracts
[09:52:13] <@wrbtrader> Covered all Emini ES Short @ 2078.75 --> - 0.5
[09:52:28] <@wrbtrader> will reshort
[09:53:44] <@wrbtrader> Emini ES futures retesting the S area of the most recent Down WRB Hidden GAP interval 3min chart
[09:55:14] <@wrbtrader> S area @ 2079.75
[09:58:54] <@wrbtrader> Shorts Emini ES @ 2079.25 -> large size
[09:59:09] <@wrbtrader> 10 contracts
[09:59:21] <@wrbtrader> more contracting volatility...lowering my position size
[09:59:48] <@wrbtrader> a "little less" chop
[09:59:55] <@wrbtrader> but its still there
[10:00:20] <@wrbtrader> snapback
[10:01:36] <@wrbtrader> Covered all Emini ES Short @ 2078.75 --> + 0.5
[10:01:50] <@wrbtrader> just churning the account now :(
[10:02:35] <@wrbtrader> Shorts Emini ES @ 2078.50 -> large size
[10:02:46] <@wrbtrader> re-entry
[10:03:14] <@wrbtrader> Emini TF futures lower highs in consecutive multiple intervals
[10:03:25] <@wrbtrader> 10 contracts
[10:05:44] <@wrbtrader> WRB pt1 reached
[10:07:00] <@wrbtrader> Covered all Emini ES Short @ 2074.00 --> + 4.5
[10:07:07] <@wrbtrader> WRB pt2 reached
[10:08:54] <@wrbtrader> so far not much of a reaction (volatility) to the 1000am est KME
[10:09:42] <@wrbtrader> I think the big price drop earlier in the morning involving China and Europe news took a big bite out of the 1000am est KME price reaction
[10:18:25] <@wrbtrader> That unusual downward pressure has subsided...more contracting volatility now and LESS chop
[10:19:03] <@wrbtrader> I had a total of 5 no fills during the high pressure price drop
[10:19:47] <@wrbtrader> That's the most I've had in a few months...last day like that was back in the high volatility month of January
[10:20:04] <Corner> wrb - no fill on a sell on bid or sell on ask?
[10:20:13] <@wrbtrader> both
[10:20:45] <@wrbtrader> Could just be slowness in the data
[10:21:12] <@wrbtrader> Thus, what I saw and by the time I got the order in...price was more than a few ticks away than the price I saw
[10:21:44] <@wrbtrader> Regardless, with that type of chop...I just assumed I'll get a fill on the quick chop back through
[10:21:51] <@wrbtrader> didn't happen
[10:22:55] <@wrbtrader> Also, I had a trade position (10 contracts) filled as the following splits: 1, 2, 1, 1, 1, 3, 1
[10:22:58] <@wrbtrader> Crazy
[10:23:34] <@wrbtrader> That's what I call blood in the streets
[10:23:49] <@wrbtrader> a lot of small contracts instantly absorbing the order
[10:25:19] <@wrbtrader> On days like today...makes me wonder if I should start using "market profile" during big price movements like that
[10:25:55] <@wrbtrader> Eminis still contracting in the volatilityu
[10:26:08] <@wrbtrader> Gold GC futures contracted too and many other key markets
[10:26:28] <@wrbtrader> With that much insync on the contracting volatility...I'm now expecting a volatility surge
[10:27:29] <@wrbtrader> Shorts Emini ES @ 2073.75 -> large size
[10:27:37] <@wrbtrader> 10 contracts
[10:28:53] <@wrbtrader> Covered all Emini ES Short @ 2075.25 --> - 1.5
[10:29:44] <@wrbtrader> Shorts Emini ES @ 2074.75 -> large size
[10:30:01] <@wrbtrader> re-entry
[10:30:52] <@wrbtrader> Covered all Emini ES Short @ 2075.25 --> - 0.5
[10:32:19] <@wrbtrader> nothing :(
[10:33:05] <@wrbtrader> Eminis back to the top of the range of the contracting volatilty
[10:33:09] <@wrbtrader> trying now to breakouot
[10:34:24] <@wrbtrader> Long Emini ES @ 2077.75 -> large size
[10:34:51] <@wrbtrader> 10 contracts
[10:37:31] <@wrbtrader> Exited all Emini ES Long @ 2077..25 --> + 2077..25 - 2077.75
[10:38:03] <@wrbtrader> Exited all Emini ES Long @ 2077.25 --> - 0.5
[10:38:16] <@wrbtrader> Difficult trade via the tick chart
[10:39:49] <@wrbtrader> I was expecting unusual volatility spike...reason for switching to the tick chart
[10:40:07] <@wrbtrader> volatility spike didn't happen
[10:41:13] <@wrbtrader> Long Emini ES @ 2078.00 -> large size
[10:41:30] <@wrbtrader> re-entry
[10:43:05] <@wrbtrader> Exited all Emini ES Long @ 2078.25 --> + 0.25
[10:43:13] <@wrbtrader> :(
[10:43:31] <@wrbtrader> back to the regular time frames
[10:43:39] <@wrbtrader> tick chart was nothing but a headache
[10:51:16] <@wrbtrader> Shorts Emini ES @ 2076.25 -> large size
[10:51:33] <@wrbtrader> That downside pressure is trying to start again...
[10:51:44] <@wrbtrader> 15 contracts
[10:55:56] <@wrbtrader> Covered all Emini ES Short @ 2074.75 --> + 1.5
[10:56:02] <@wrbtrader> WRB pt1 reached
[10:56:32] <@wrbtrader> but Emini TF pushed lowered after Emini ES reached a WRB pt1...then Emini ES stalled
[10:59:50] <@wrbtrader> Shorts Emini ES @ 2074.25 -> large size
[11:00:33] <@wrbtrader> re-entry
[11:01:42] <@wrbtrader> Covered all Emini ES Short @ 2074.25 --> 0
[11:02:00] <@wrbtrader> trade error...will stay on the sidelines and just watch
[11:02:04] <@wrbtrader> for awhile
[11:02:31] <@wrbtrader> I got some weird price action showing up on my charts
[11:05:58] <@wrbtrader> Shorts Emini ES @ 2072/25 -> large size
[11:06:41] <@wrbtrader> re-entry 20 contracts
[11:06:49] <@wrbtrader> snapback trying hard :(
[11:09:31] <@wrbtrader> Cover all Emini ES Short @ 2073.50
[11:09:56] <@wrbtrader> --> -1.25
[11:12:01] <@wrbtrader> back above the R area of the most recent Down WRB Hidden GAP interval :(
[11:12:45] <@wrbtrader> Its also the low of the prior contracting volatility I tried Shorting but got some weird spike quotes of 2080 :(
[11:14:43] <@wrbtrader> Shorts Emini ES @ 2074.75 -> large size
[11:14:55] <@wrbtrader> re-entry
[11:15:47] <@wrbtrader> starting to look like a churn :(
[11:17:01] <@wrbtrader> Covered all Emini ES Short @ 2074.75 --> 0
[11:17:13] <@wrbtrader> only the broker got paid
[11:17:29] <@wrbtrader> snapback too
[11:18:15] <@wrbtrader> Emini ES still struggling a few ticks in that range of the R area
[11:19:33] <@wrbtrader> Shorts Emini ES @ 2074.50 -> large size
[11:19:49] <@wrbtrader> re-entry
[11:21:11] <@wrbtrader> Covered all Emini ES Short @ 2075.75 --> - 1.25
[11:21:45] <@wrbtrader> That's a stop out...first one of the day.
[11:22:02] <@wrbtrader> All other losses were early exits prior to the stop hit
[11:22:57] <@wrbtrader> Its the R area of the contracting voaltility around 1100am est
[11:24:11] <@wrbtrader> Emini ES futures now retesting the R area of the 1052am est Down WRB Hidden GAP interval 1min chart
[11:25:11] <@wrbtrader> I had a problem trade in this area and was lucky to escape with a nice profit
[11:28:32] <@wrbtrader> snapback
[11:29:42] <@wrbtrader> a lot of chop again :(
[11:31:03] <@wrbtrader> Long Emini ES @ 2075.50
[11:31:15] <@wrbtrader> geeesh
[11:31:40] <@wrbtrader> 10+10
[11:32:03] <@wrbtrader> contracts...position size increase on the expecting volatility
[11:32:51] <@wrbtrader> time of day starting to become a factor in my trade decisions
[11:34:54] <@wrbtrader> :(
[11:35:48] <@wrbtrader> Exited 1/2 Emini ES Long @ 2076.75 --> + 1.25
[11:37:13] <@wrbtrader> Exited Remainder Emini ES Long @ 2075.50 --> 0
[11:38:16] <@wrbtrader> A lot of contracts for the trading day has moved in this price area
[11:50:24] <@wrbtrader> Long Emini ES @ 2076.25 -> large size
[11:50:33] <@wrbtrader> re-entry
[11:59:29] <@wrbtrader> Exited all Emini ES Long @ 207.25 --> - 1869
[11:59:35] <@wrbtrader> WRB pt1 reached
[11:59:39] <@wrbtrader> correction
[11:59:55] <@wrbtrader> Exited all Emini ES Long @ 2076.25 --> 0
[12:00:02] <@wrbtrader> ooops
[12:00:10] <@wrbtrader> 2077.25
[12:00:16] <@wrbtrader> +1.00
[12:00:56] <@wrbtrader> installed my new wireless french keyboard...
[12:01:19] <@wrbtrader> I'm still getting use to it because some of the keys are in a different location than my english keyboard
[12:01:57] <@wrbtrader> There\s still a lot of chop out there in the market...
[12:02:11] <@wrbtrader> Its a very nervous market after the Europe and China news
[12:10:29] <@wrbtrader> Its now mid-day trading session...if that strange chop remains...it'll be impossible to trade the mid-day
[12:19:48] <@wrbtrader> RANGE high and low established between 1045am - 1105am est
[12:20:12] <@wrbtrader> For the Emini futures...everything in between is just price noise
[12:21:11] <@wrbtrader> Nothing but headach in there when I took some trades in there
[13:54:33] <@wrbtrader> Shorts Emini ES @ 2070.50 -> large size
[13:55:01] <@wrbtrader> 20 contracts
[13:55:08] <@wrbtrader> volatility increasing
[13:56:54] <@wrbtrader> Covered 1/2 Emini ES Short @ 2068.75 --> + 1.75
[13:57:49] <@wrbtrader> WRB pt1 reached
[14:08:20] <@wrbtrader> Covered Emini ES Short @ 2067.25 --> + 3.25
[14:08:24] <@wrbtrader> WRB pt2 reached...holding 5 contract remainders
[14:08:35] <@wrbtrader> WRB pt3 reached
[14:13:21] <@wrbtrader> snapback
[14:15:45] <@wrbtrader> This price drop has very similar like characteristics as the price drop that occurred soon after 0930am est of the regular session open
[14:16:19] <@wrbtrader> Covered Remainder Emini ES Short @ 2064.75 --> + 5.75
[14:16:29] <@wrbtrader> WRB pt4 reached
[14:18:35] <@wrbtrader> snapback
[14:24:06] <@wrbtrader> The original profit target of the trade was to dump it all at a WRB pt1 because of the time of day...
[14:24:20] <@wrbtrader> I usually don't hang around in a trade that long this time of day
[14:24:57] <@wrbtrader> Yet, I became suspicious near the WRB pt1 when I saw the unusual downside pressure like I saw in the opening session price drop
[14:25:12] <@wrbtrader> That's why I decided to scale out
[14:26:08] <@wrbtrader> The position size was increased because because of that same like volatility I saw earlier this morning
[14:30:46] <@wrbtrader> Take care all, have a nice weekend and see all on Monday
[14:32:39] <Corner> Thank wrb for all the infos today - Take care
[18:26:00] * Disconnected
Session Close: Fri Apr 17 18:26:00 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 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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