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 Post subject: April 27th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Apr 28, 2015 2:18 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:
042715-Key-Price-Action-Markets.png
042715-Key-Price-Action-Markets.png [ 1.1 MiB | Viewed 290 times ]

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

Session Start: Mon Apr 27 09:20:21 2015
Session Ident: ##TheStrategyLab
[09:20:22] * Now talking in ##TheStrategyLab
[09:20:22] * 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'
[09:20:22] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:20:23] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:21:29] <rwbil001> CL WRB HG Up with volitility
[09:40:01] <Tigerman__> gm all
[09:40:07] <Tigerman__> sh es 214
[09:40:15] <Tigerman__> exit all 2115 -4 tk
[09:40:21] <Tigerman__> intuition med size
[09:43:52] <Tigerman__> I m short biased but vola not helps
[09:44:16] <Tigerman__> besides no news in my calendar
[09:44:32] <Tigerman__> we need a flash crash to profit
[09:47:04] * Volker is now known as Corner
[09:50:43] <Tigerman__> I hate the no volatility action :(
[09:51:58] <wrbtrader> If the markets stay this low in overall volatility...
[09:52:18] <wrbtrader> It will be a "true summer" trading session in a few months.
[09:52:37] <wrbtrader> If that happens, I will expect 50% less trading opportunities
[09:52:54] <futurestrack> wrb do you stop trading in the summer?
[09:53:09] <wrbtrader> No but next year I plan on doing such
[09:53:19] <Tigerman__> oh no .... you are going to say no trades !!!!!
[09:53:35] <futurestrack> Less profitable in the summer?
[09:53:40] <Tigerman__> 50% of already few
[09:53:52] <wrbtrader> I won't say anything...I won't be here but the computer will be on to log the chat room.
[09:54:15] <wrbtrader> If nobody is posting...I'll just close the chat room temporary until my kids start back to school
[09:54:49] <Tigerman__> ok this will be your project x next year
[09:55:46] <wrbtrader> I'm going to use this summer as proof to validate what I plan on doing next summer :)
[09:56:36] <wrbtrader> Thus, if the market is low volatility tight trading range with about 50% less trading opportunities...it will convince me about my decision for next year summer
[09:56:41] <Tigerman__> yeah we will see what happen
[09:57:27] <Tigerman__> I have to ask quwstion to london flash trader
[09:58:03] <Tigerman__> wrbtrader if you read carefully it was not a htf trader
[09:58:24] <Tigerman__> he simply changed his mind very fast
[09:59:27] <Corner> tiger - hft not equals algo trading
[09:59:45] <Corner> tiger - hft is the stuff written in "Flash Boys"
[10:00:01] <Tigerman__> yep
[10:00:10] <Corner> where cable length is worth millions
[10:00:52] <Tigerman__> in reality that london trader was neither aan algo trader x his own admission
[10:00:58] <rwbil001> what voliatility check out CL going to moon right now
[10:01:44] <Tigerman__> yep rwb hpefully that can set up trades x us
[10:02:07] <Tigerman__> and not going in a side action after the spike :(
[10:02:59] <wrbtrader> Long Emini TF @ 1273.90 -> small size
[10:03:03] <Tigerman__> anyway fact remain a single trader from london sat on a 20 milion pound fortune!!!
[10:03:09] <Corner> Earning season again, today heavy weight AAPL is pulling ES mini up. Earnings after market close
[10:03:18] <wrbtrader> 1+1+1 contracts
[10:03:48] <wrbtrader> intuition trade
[10:04:42] <wrbtrader> Exited all Emini TF Long @ 1273.50 --> - 0.4
[10:06:01] <Corner> Volatility spike in Gold GC
[10:13:07] <Corner> This might be the reason for the low volatilty - https://pbs.twimg.com/media/CDYzKleUMAA30-w.jpg:large
[10:14:34] <Tigerman__> wow nice chart is what we talk here from a bit
[10:15:07] <wrbtrader> They said at the end of March that more money flowed out of the markets in that 3 month period than any other same time duration in many years
[10:15:08] <Tigerman__> markets goes higher while investor flow away
[10:15:21] <wrbtrader> Thus, wasn't looking good heading into April
[10:16:35] <Tigerman__> intersting to know at this point what is the main source of the in flow
[10:16:53] <Tigerman__> big banks or more governement
[10:17:12] <Tigerman__> protection team
[10:17:23] <wrbtrader> throw in "rising consumer debt" too
[10:17:45] <wrbtrader> Most folks have LESS money to invest
[10:18:02] <Tigerman__> and money used from goverment are fake ??
[10:18:05] <Corner> The "Plunge protection team" only acts on weak markets...
[10:18:24] <Tigerman__> in reality true money but created via debt
[10:18:38] <wrbtrader> Government in U.S. will do whatever it takes to keep the markets from crashing...
[10:18:52] <wrbtrader> In contrast, Europe seem to say "let it crash" :)
[10:18:52] <Tigerman__> the famous rich effect discussed by greenspan
[10:19:29] <wrbtrader> Long Emini TF @ 1273.10 -> small size
[10:19:45] <wrbtrader> same trade as before
[10:19:54] <wrbtrader> just a better price entry
[10:19:54] <Tigerman__> DAx anyway has all time year too
[10:20:35] <Corner> DAX still has a vola of 22.85 :-)
[10:24:11] <Tigerman__> yeah Dax more vola but overall is low vola for it too
[10:24:44] <Tigerman__> curiuos what happen in case of real greek exit
[10:25:02] * ChanServ sets mode: +o wrbtrader
[10:25:15] <@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.
[10:26:00] <Tigerman__> CL retraced is mot recent up spike
[10:26:54] <@wrbtrader> Looks like Gold GC futures doing its own thing today after 0930am est
[10:28:38] <@wrbtrader> Exited all Emini TF Long @ 1272.40 --> - 0.7
[10:29:20] <@wrbtrader> Emini TF futures now below the S area of its recent contracting volatility
[10:51:38] <@wrbtrader> Shorts Emini TF @ 1267.10 -> small size
[10:51:49] <@wrbtrader> 3 contracts
[10:54:54] <@wrbtrader> Covered all Emini TF Short @ 1266.60 --> + 0.5
[10:56:36] <@wrbtrader> Shorts Emini TF @ 1264.80 -> small size
[10:56:44] <@wrbtrader> re-entry
[10:58:08] <@wrbtrader> not sure how I got spooked out of the prior Short...may have been the sudden stall around 1266.60 with the contracting volatilty soon after the intraday lows
[10:58:40] <@wrbtrader> Emini TF trying to find support after the regular session gap fill
[11:00:30] <@wrbtrader> Emini TF now doing the exact same thing as before that spooked me out as an early exit
[11:00:32] <@wrbtrader> :(
[11:04:23] <@wrbtrader> Covered all Emini TF Short @ 1263.40 --> + 1.4
[11:04:36] <@wrbtrader> WRB pt1 reached...first one of the trading day
[11:14:07] <mtntrader> Short TF 1264.5
[11:15:35] <mtntrader> Covered all 1265.0, -.5
[11:55:38] <@wrbtrader> Shorts Emini ES @ 2113.00 -> large size
[11:55:51] <@wrbtrader> 10 contracts
[12:03:35] <@wrbtrader> Covered all Emini ES Short @ 2112.75 --> + 0.25
[12:07:06] <Tigerman__> price falt now in tf iwm
[12:07:55] <@wrbtrader> Shorts Emini ES @ 2112.50 -> large size
[12:08:04] <@wrbtrader> re-entry
[12:13:36] <@wrbtrader> Covered all Emini ES Short @ 2110.25 --> + 2.25
[12:13:45] <@wrbtrader> WRB pt1 reached
[12:14:17] <@wrbtrader> WRB Analysis -> - Chat room for day traders, swing traders, position traders using concepts from WRB Analysis such as contracting volatility, key market event (KME), reaction high/low, WRB, WRB Hidden GAP, WRB Zone, WRB pt levels to help improve understanding of the price action their trading and/or improve the performance of their trade signal strategies while price action trading. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718 or http://www.scribd.com/wrbtrader
[12:18:55] <@wrbtrader> I'm glad some volatility showed up but it was very slow in its development
[12:19:05] <@wrbtrader> in regards to the Emini futures
[12:19:49] <mtntrader> I agree wrbtrader. And we usually don't expect it this time of the day.
[12:20:21] <@wrbtrader> Yeah...it showed up at an odd time of the trading day
[12:21:31] <mtntrader> Volume spike. We could be putting in a low here.
[12:54:57] <@wrbtrader> Emini ES futures inside a big WRB Zone (unfilled) from last Thursday
[12:56:58] <@wrbtrader> It can be seen on any time frame of 60mins or less
[12:58:23] <@wrbtrader> That's a trading tip: If you can see a WRB Zone that's valid on many different time frames...its an important WRB Zone.
[13:04:16] <TradeSnake______> Short YM @ 17992
[13:05:33] <Tigerman__> take care aal see next time
[13:16:23] <TradeSnake______> Covered YM @ 17982 --> +10
[13:24:08] <@wrbtrader> Emini ES just did that strange snapback
[13:24:33] <@wrbtrader> only algo computers benefits from such
[13:25:27] <@wrbtrader> Shorts Emini ES @ 2105.50 -> large size
[13:25:34] <mtntrader> I figured it was the algo computers that caused it.
[13:25:39] <@wrbtrader> 5+5 contracts
[13:28:35] <@wrbtrader> Covered all Emini ES Short @ 2106.75 --> - 1.25
[13:29:07] <@wrbtrader> Emini ES back above a S area of the recent Down WRB HG interval
[13:29:25] <@wrbtrader> Long Emini ES @ 2107.50 -> large size
[13:30:08] <@wrbtrader> If it can get above 2108...it may just hold above that level
[13:30:29] <@wrbtrader> If not...this high risk Long entry quickly goes down the toilet
[13:32:12] <@wrbtrader> volility was slowing increasing after that snapback...now its slowing down again
[13:32:15] <@wrbtrader> :(
[13:33:41] <@wrbtrader> starting to look like a 2 point snapback range with price action current sitting about a point above it
[13:38:27] <mtntrader> That ES snapback may have signaled the LOD.
[13:47:00] <@wrbtrader> I'm now expecting a volatility spike...tightning my stop/loss protection
[13:49:19] <@wrbtrader> Exited all Emini ES Long @ 2107.75 --> + 0.25
[13:50:12] <@wrbtrader> Emini ES futures back below the R area of the most recent Down WRB HG interval 2min chart
[13:52:56] <mtntrader> Long ES 2107.75
[13:53:53] <@wrbtrader> VXX is trying hard to not go range bound
[14:02:34] <mtntrader> Covered all 2107.25. -.50
[14:07:17] <@wrbtrader> This range is getting tighter
[14:07:40] <mtntrader> Yep, I am on the sidelines
[14:07:57] <@wrbtrader> If it wasn't for the time of day...I would be expecting a volatility spike here soon because of the way the range has been getting tighter (contracting)
[14:12:59] <mtntrader> So wrbtrader, are you thinking about cutting your trading back this summer? I came in on the end of your conversation.
[14:19:44] <@wrbtrader> I think you caught the first part and not the second part.
[14:20:35] <@wrbtrader> Simply, will trade this summer and if its crappy price action...will take next summer off (summer vacation).
[14:21:10] <mtntrader> I thought that June was one of your biggest months last year.
[14:21:14] <@wrbtrader> Also, one of the last things I said was that if next summer is quiet here in the chat room (folks logging in and not talking)...
[14:21:26] <@wrbtrader> I'll close the chat room for the summer only.
[14:21:44] <mtntrader> I caught that last part.
[14:22:00] <@wrbtrader> Chat room would then re-open when my kids go back to school.
[14:23:00] <@wrbtrader> I have relatives in Japan, Germany, France and U.S.
[14:23:20] <@wrbtrader> I'll use next summer to do a lot of traveling to spend time with family.
[14:24:50] <@wrbtrader> Emini ES futures recently did another snapback off the 2105.00 price area
[14:25:32] <mtntrader> I saw that. It is rejecting those lows hard. Twice now.
[14:31:51] <mtntrader> So, the next time down, does the ES just cut right thru support?
[15:18:57] <@wrbtrader> Shorts Emini ES @ 2103.00 -> large size
[15:19:13] <@wrbtrader> 10 contracts
[15:19:52] <@wrbtrader> :(
[15:20:30] <@wrbtrader> Covered all Emini ES Short @ 2102.00 --> + 1
[15:20:46] <@wrbtrader> late entry and early exit
[15:20:58] <@wrbtrader> I have a big distraction here at home...
[15:21:11] <@wrbtrader> I'm done for the day...take csare and see all tomorrow
[15:21:19] <mtntrader> See ya
Session Close: Tue Apr 28 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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