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 Post subject: April 24th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Apr 25, 2015 7:23 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
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.

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:
042415-Key-Price-Action-Markets.png
042415-Key-Price-Action-Markets.png [ 1.28 MiB | Viewed 335 times ]

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

Session Start: Fri Apr 24 06:35:11 2015
Session Ident: ##TheStrategyLab
[06:35:12] * Now talking in ##TheStrategyLab
[06:35:12] * 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'
[06:35:12] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[06:35:12] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:36:13] <wrbtrader> Good morning all...EuroFX futures, Forex EurUsd and GbpUsd volatility spike upwards
[09:39:11] <wrbtrader> Shorts Emini ES @ 2109.00 -> large size
[09:39:32] <wrbtrader> 10 contracts
[09:44:30] <wrbtrader> Emini ES futures has filled in its regular session gap
[09:45:33] <wrbtrader> WRB pt1 was reached on that gap fill but I'm trying for a WRB pt2 exit
[09:45:53] <wrbtrader> WRB pt2 reached
[09:46:08] <rwbil001> GC after its down move now just in consolidation
[09:47:24] <wrbtrader> Covered all Emini ES Short @ 2107.50 --> + 1.5
[09:47:30] <wrbtrader> :(
[09:47:42] <futurestrack> nice trade wrb
[09:47:50] <wrbtrader> should'uv just market out
[09:47:58] <wrbtrader> didn't get a fill @ 2106
[09:48:49] <wrbtrader> poor entry didn't help
[09:49:57] <wrbtrader> 2109.50 is the price I had a chance to grap but I hesitated too long via getting greeding in trying to catch a 2110...it didn't retrace back to that 2110
[09:55:25] <Corner> Strange PA in ES mini. Heavyweights MSFT, GOOGL, AMZN gapped up after strong earnings
[09:58:00] <TradeSnake____> Short CG @ 1186.4
[10:00:59] <TradeSnake____> Covered CG @ 1181.9 --> +4.5
[10:01:56] <TradeSnake____> Wow that a was fast pt1!
[10:06:03] <wrbtrader> Shorts Emini ES @ 2106.50 -> large size
[10:06:19] <wrbtrader> 10 contracts
[10:06:28] <wrbtrader> intuition trade
[10:06:48] <wrbtrader> nasty snapback
[10:07:18] <wrbtrader> Covered all Emini ES Short @ 2108.00 --> - 1.5
[10:07:32] <TradeSnake____> There's a pt2 in GC... It's really moving now! Nice volatility
[10:08:06] <Corner> EUR.USD, CL and GC are moving down in sync
[10:08:12] <wrbtrader> Shorts Emini ES @ 2108.00 -> large size
[10:08:42] <wrbtrader> 10 contracts
[10:08:47] <wrbtrader> re-entry
[10:09:36] <wrbtrader> Emini TF staying below the S area of its most recent low volatility tight trading range...
[10:09:53] <wrbtrader> In contrast, Emini ES futures trying hard to stay above the same
[10:10:28] <Corner> ES mini is being held up by the large positive earning stocks
[10:10:42] <wrbtrader> Covered all Emini ES Short @ 2108.00 --> 0
[10:12:10] <wrbtrader> Shorts Emini ES @ 2108.00 -> large size
[10:12:16] <wrbtrader> re-entry
[10:12:26] <wrbtrader> 15 contracts
[10:13:23] <wrbtrader> not enough pressure to keep ES down like TF
[10:14:08] <wrbtrader> I'm now expecting a volatility spike because of the Eminis no longer insync :(
[10:14:45] <futurestrack> all kinds of wrbs on the es1M here
[10:19:36] <wrbtrader> Covered all Emini ES Short @ 2109.00 --> - 1
[10:21:31] <wrbtrader> range getting tighter
[10:21:54] <wrbtrader> volatility still dropping and I'm still expecting a volatility spike
[10:59:44] <wrbtrader> still no volatility spike :(
[10:59:55] <wrbtrader> not even increasing volatility
[11:00:05] <wrbtrader> its now just a waiting game
[12:15:01] <wrbtrader> Long Emini ES @ 2112.75 -> large size
[12:15:42] <wrbtrader> 15 contracts
[12:21:20] <wrbtrader> :(
[12:21:23] <wrbtrader> geeesh
[12:24:47] <wrbtrader> That volatility spike dried up fast...strangely too fast
[12:25:36] <wrbtrader> probably one of the big weighted stocks made a quick move upwards while others did not
[12:28:18] <wrbtrader> What the heck is wrong with Emini TF futures
[12:29:17] <Corner> wrb - it's the VIX12 disease...
[12:29:59] <wrbtrader> Exited 1/3 Emini ES Long @ 2113.75 --> + 1
[12:30:16] <wrbtrader> Exited Remainder Emini ES Long @ 2113.75 --> + 1
[12:30:37] <wrbtrader> its like it wants to go the opposite direction
[12:30:42] <wrbtrader> weird
[12:30:57] <wrbtrader> enough to finally spook me out of the Emini ES futures
[12:31:07] <wrbtrader> at least I got a WRB pt1 out of it
[12:33:12] <wrbtrader> I've been ignoring the VIX lately...too mad at its slow continued decline
[12:33:34] <wrbtrader> Yet, been taking more days off and less trading because of it :(
[12:34:06] <Corner> The line in the sand is the all time high yesterday which is 2014.50
[12:34:17] <Corner> this is very close
[12:35:20] <wrbtrader> All time highs on continued declining volatility...not good if someone wants to hold Long positions...makes the Long positions that much harder to hold
[12:36:41] <Corner> I hoped this could serve as a kind of KME.
[12:36:48] <Corner> It didn't
[12:37:32] <wrbtrader> Yeah...all time highs/lows are KMEs
[12:39:12] <wrbtrader> I've put "all time highs/lows" as a listed KME in the new soon to be release new version of tutorial chapter 1, 2 and 3
[12:40:48] <wrbtrader> Simply, when they occur...you can then use the "first WRB Hidden GAP" interval at/after that type of KME as a WRB Zone if it qualifies as a swing point or strong continuation price action
[12:53:52] <wrbtrader> I think Emini ES futures all time highs must be somewhere around 2117.75 because I remember earlier this year some hype in the markets after that number was reached
[12:54:19] <wrbtrader> maybe it was just a multi year high
[12:55:25] <wrbtrader> Regardless, impressive run since the global meltdown of 2008 - 2009
[12:55:53] <wrbtrader> after the world governments bailed the markets out of a disaster...
[12:56:30] <wrbtrader> Too only keep the world economies now on a precarious shoe string :(
[12:57:24] <wrbtrader> Yet, while the markets keep going up...we have LESS and LESS investors
[12:58:10] <wrbtrader> This lets me know its just the governments and big boys keeping this market up and moving higher
[14:34:33] * ChanServ sets mode: +o wrbtrader
[14:35:05] <@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.
[14:41:00] <Corner> Cards shuffled today - Most valueable stocks are now AAPL, MSFT and GOOGL, XOM down to 4th
[14:41:52] <Corner> Seems we live in a computerized world
[14:57:56] <@wrbtrader> Shorts Emini ES @ 2109.25 -> large size
[15:00:51] <@wrbtrader> Covered all Emini ES Short @ 2110.00 --> - 0.75
[15:03:34] <@wrbtrader> Shorts Emini ES @ 2109.75 -> large size
[15:03:42] <@wrbtrader> re-entry
[15:03:48] <@wrbtrader> I'm still at 10 contracts
[15:09:08] <@wrbtrader> wow...
[15:09:39] <@wrbtrader> Emini ES and YM wouldn't budge while others did
[15:09:53] <@wrbtrader> Markets not insync today with each other
[15:19:10] <@wrbtrader> tightning my stop/loss because something is starting to stink about this price action right now
[15:21:01] <@wrbtrader> Covered all Emini ES Short @ 2110.00 --> - 0.25
[15:21:40] <@wrbtrader> :(
[15:21:43] <@wrbtrader> tough hold
[15:22:26] <Corner> I guess it's MSFT. It's up 10% and has a mcap of 391bil.
[15:24:55] <@wrbtrader> MSFT made a high for the day
[15:25:41] <Corner> ES mini cannot drop against this :-(
[15:26:36] <Corner> Without MSFT, GOOGl and AMZN we would be much lower...
[15:29:07] <Corner> Earning season. Next is AAPL on Monday after market
[15:30:12] <Corner> I plan to trade AAPL on Monday and Tuesday... Low volatility shoudn't be the problem there
[15:39:00] <@wrbtrader> Emini futures fighting hard to retrace back upwards
[15:39:28] <@wrbtrader> back into the range of recent Down WRB Hidden GAP intervals
[15:44:14] <@wrbtrader> Crazy...MSFT can drag up the Eminis all by itself
[15:51:40] <@wrbtrader> Shorts Emini ES @ 2111.25 -> large size
[15:51:55] <@wrbtrader> 10 contracts
[15:52:04] <@wrbtrader> re-entry
[15:54:58] <@wrbtrader> This is a tight 3 point trading range for Emini ES futures between 2112 to 2109
[15:55:15] <@wrbtrader> yet on slow increasing volatility
[15:56:38] <@wrbtrader> A tough trading day with key markets not insync today...
[15:56:54] <@wrbtrader> Hopefully its setting up for a high volatility trading day on Monday or Tuesday
[16:15:23] <@wrbtrader> Covered all Emini ES Short @ 2111.75 --> - 0.5
[16:16:42] <@wrbtrader> too bad it stayed range bound into the close...it had a chance to produce decent volatility off the recent reaction lows.
[16:16:55] <@wrbtrader> Take care all and see all on Monday
Session Close: Sat Apr 25 00:00:00 2015

-------------------------

##TheStrategyLab (located on the Freenode IRC network) is free and is a serious professional trading chat room involving WRB Analysis in which any trader (position trading, swing trading, day trading) can use the chat room to post their trades or commentaries about stocks, futures, exchange traded funds or forex currencies. Simply, you don't need to be a client of TheStrategyLab.com to use the chat room nor do you need to be a price action trader (no indicators) because some members use indicators while others do not. Yet, the only requirement is that you want to learn WRB Analysis.

Therefore, we welcome all traders that want to learn about WRB Analysis regardless if they are beginners or experience traders in price action trading.

The purpose of ##TheStrategyLab is that it's designed to be a trade journal for documentation purposes only so that members can have a time stamp archive of trades and market commentaries of each trading day so that they can better understand their broker statements from one trade to the next trade when they review their performance numbers on any given trading day.

Further, members are not obligated to educate nor help other members but members are encourage to ask questions about any trades or market commentaries that's posted by others because sometimes the answers contains useful trading tips.

In addition, our primary job in the free chat room is to moderate the room (keep the peace) because with so many members using different trade signal methods along with different opinions about the market...debates or arguments can easily flare up without moderating. In addition, our presence in the chat room is to ensure it's a spam free chat room during trading although these archived chat logs may contain advertisements for guest visitors.

Commonly discussed trading instruments from stocks, futures, exchange traded funds and forex currencies:

Image CME Emini Futures EMD, ES and NQ

Image ICE Emini TF Futures (formerly CME ER2)

Image CBOT mini-sized Dow Futures YM

Image Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Image Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Image Euronext Futures FTSE-100 and CAC-40

Image CME Futures EuroFX 6E and EC

Image Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Image Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen, Usd/Cad, Xau/Usd and Xag/Usd

Image Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

Image NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

Image COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

Image S&P CNX NIFTY Futures

Image Hang Seng Index Futures HSI and mini-Hang Seng MHI

Also, to prevent the usual mix-up about our different chat rooms, most of our fee-base clients do not use chat rooms just like most retail traders do not use chat rooms. Yet, the few clients that do use chat rooms, our fee-base clients are discussing market analysis or price action only trade signals via concepts from our strategies in the private chat rooms called ##VolatilityTradingTSL or ##WRB_Analysis and they're not allowed to do such in ##TheStrategyLab.

Reminder, our Terms of Use (TOU) Policy is a must read to prevent any misunderstandings along with revealing that ##TheStrategyLab is a serious professional price action trading chat room and we expect members to act professional. Also, these logs may have been edited (rarely) to remove any messages that a member has complained to me via private message that they consider a particular commentary to be inappropriate, offending or too far in the off topic area that's a distraction when the commentary was posted.

Note: chat logs saved (timestamp) from 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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