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 Post subject: April 28th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Apr 29, 2015 1:03 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)
http://twitter.com/wrbtrader (24/7)

##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:
042815-Key-Price-Action-Markets.png
042815-Key-Price-Action-Markets.png [ 1 MiB | Viewed 353 times ]

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

Session Start: Tue Apr 28 09:30:55 2015
Session Ident: ##TheStrategyLab
[09:30:55] * Now talking in ##TheStrategyLab
[09:30:55] * 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'
[09:30:55] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:30:56] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:34] <Corner> AAPL coming down after gapping up
[09:31:55] <Tigerman__> gm all
[09:37:22] <Tigerman__> confusing open today--- it is nothing new :(
[09:40:57] <Corner> AAPL turning red after highfly after earnings after hours / premarket
[09:46:01] <wrbtrader> Boring opening regular session so far with many key market trading instruments
[09:51:30] <wrbtrader> Shorts Emini ES @ 2101.25 -> large size
[09:51:38] <wrbtrader> 10 contracts
[09:52:21] <wrbtrader> Covered all Emini ES Short @ 2101.50 --> - 0.25
[09:52:53] <wrbtrader> I'll reshort this if it drops below 2101.50
[09:53:34] <wrbtrader> nevermind...price action has retested the R area of the most recent Down WRB HG interval 2min chart
[09:57:21] <Corner> pending KME...
[10:11:38] <rwbil001> cl going to moon on volatility
[10:11:48] <rwbil001> Hugh up WRB HG
[10:15:07] <Tigerman__> ES making fresh new low
[10:15:26] <Tigerman__> I had a nice short but close it too early
[10:29:15] <wrbtrader> Shorts Emini ES @ 2094.75 -> large size
[10:29:30] <wrbtrader> 10 contracts
[10:30:26] <wrbtrader> missed the big price drop...had to reboot my backup computer
[10:32:36] <wrbtrader> Covered all Emini ES Short @ 2094.75 --> 0
[10:32:46] <wrbtrader> spooked out of the trade
[10:33:13] <wrbtrader> I think Emini TF futures was the better Short
[10:35:01] <wrbtrader> Emini TF futures inside the range of a prior missed Short signal
[10:35:05] <Tigerman__> lg iwm 124.23
[10:35:36] <Tigerman__> exit 1/2 124.29 +6tk
[10:35:51] <Tigerman__> exit all rem 24 +1 tk
[10:36:03] <Tigerman__> just some experiment
[10:37:42] <wrbtrader> Long Emini TF @ 1249.00 -> small size
[10:37:48] <wrbtrader> 2 contracts
[10:39:29] <wrbtrader> Exited all Emini TF Long @ 1249.30 --> + 0.3
[10:39:45] <Tigerman__> lg iwm 124.37
[10:40:04] <Tigerman__> mayb I ll cach a small spike
[10:40:52] <wrbtrader> Long Emini ES @ 2097.50 -> large size
[10:41:03] <wrbtrader> 10 contracts
[10:41:30] <wrbtrader> WRB pt1 reached
[10:41:52] <Tigerman__> exit 1/2 5124.56 +19tk
[10:44:07] <Tigerman__> exit all rem 124.57 +20 tk
[10:44:30] <Tigerman__> just had the patience to wait so long my goal is reached
[10:44:44] <Tigerman__> my gola was had patience :)
[10:44:49] <Tigerman__> goal
[10:47:41] <Tigerman__> lg iwm 154.58
[10:47:58] <wrbtrader> Exited all Emini ES Long @ 2099.25 --> + 1.75
[10:48:11] <Tigerman__> always experiment on small size and fast chart
[10:48:39] <wrbtrader> impressive retracement back upwards
[10:48:42] <Tigerman__> exit 1/2 68 +10 t
[10:48:59] <Tigerman__> yeah slowly slwoy retrace back
[10:51:21] <Tigerman__> exit all rem at 74 +16 tks
[10:55:19] <Tigerman__> sh iwm 124.52
[10:55:36] <Tigerman__> jusy risky up pressure still alive
[10:56:04] <Tigerman__> exit all at 51 + 1tk
[10:58:13] <Tigerman__> low volatility now in all my charts
[11:02:56] <Tigerman__> lg iwm 124.70
[11:03:42] <Tigerman__> exit 1/2 124.81
[11:04:21] <Tigerman__> lg entry around 11:01am
[11:04:27] <Tigerman__> simply posted late
[11:04:40] <Tigerman__> web distracting too much later :)
[11:06:16] <wrbtrader> Long Emini ES @ 2103.25 -> large size
[11:06:36] <wrbtrader> 10+5 contracts
[11:07:13] <wrbtrader> Emini ES futures is retesting that reaction high of 0955am est
[11:08:11] <Tigerman__> long iwm 127.07 add
[11:08:26] <Tigerman__> another signal in higher frame
[11:08:48] <wrbtrader> Emini ES stalled at the mentioned reaction high
[11:08:55] <wrbtrader> :(
[11:09:01] <wrbtrader> at least it tried
[11:10:13] <Tigerman__> exit all add position at 127.10 +3tk
[11:11:31] <wrbtrader> Exited 1/3 Emini ES Long @ 2105.00 --> + 1.75
[11:11:52] <wrbtrader> WRB pt1 reached
[11:12:29] <Tigerman__> exit all rem first long @ 125.15 +45 tks
[11:12:38] <Tigerman__> price hit a wall here
[11:13:06] <Tigerman__> just I complain it is all small etf positions
[11:13:32] <Tigerman__> anyways these are new experiments not wanna risk big dime
[11:16:56] <wrbtrader> Exited Remainder Emini ES Long @ 2103.75 --> + 0.5
[11:20:12] <wrbtrader> Long Emini ES @ 2103.75 -> large size
[11:20:21] <wrbtrader> 10 contracts
[11:20:23] <wrbtrader> re-entry
[11:21:09] <wrbtrader> There's more contracting volatility intervals...
[11:21:32] <wrbtrader> It needs to push soon or I'll just dump it for a loss
[11:23:55] <wrbtrader> Exited all Emini ES Long @ 2103.00 --> - 0.75
[11:24:07] <wrbtrader> :(
[11:25:08] <wrbtrader> Long Emini ES @ 2103.00 -> large size
[11:25:29] <wrbtrader> 10 contracts
[11:25:32] <wrbtrader> re-entry
[11:27:42] <Tigerman__> lg spy 210.94
[11:28:30] <Tigerman__> exit 1/2 96 +2tk
[11:29:06] <Tigerman__> exit all 94 +0
[11:29:21] <wrbtrader> Exited all Emini ES Long @ 2103.75 --> + 0.75
[11:29:33] <wrbtrader> churn :(
[11:30:19] <wrbtrader> Emini ES futures still having problems staying above yesterday's regular session Close
[11:35:10] <wrbtrader> now its moving higher
[11:35:31] <wrbtrader> That was a tough battle in that price area...tired me out mentally.
[11:35:49] <wrbtrader> I'm staying on the sidelines...will just watch
[11:35:56] <Tigerman__> lg iwm 125.13
[11:36:17] <Tigerman__> exit 1/2 125.20
[11:36:22] <Tigerman__> +7tk
[11:38:35] <Tigerman__> exit all rem 125.21 +8tks
[11:43:14] <Tigerman__> sh iwm 125
[11:44:15] <Tigerman__> exit 1/2 124.90 +10 tk
[11:46:02] <Tigerman__> exit all rem 124.92 +8tk
[11:49:55] <Tigerman__> lg iwm 125.01
[11:50:42] <Tigerman__> exit 1/2 125.04 +3 tk
[11:51:19] <Tigerman__> exit all rem 125.02 +1 tk
[12:10:08] <Tigerman__> lg iwm 125.07
[12:10:41] <Tigerman__> exit 1/125.14 +7 tks spike from nowhere
[12:11:24] <Tigerman__> exit all rem 125.12 +5tks
[13:14:33] <Tigerman__> take care
[14:04:57] <wrbtrader> ##TheStrategyLab Purpose -> -This chat room is for YOU to use as a daily journal of your thoughts or trades involving any key concept from the WRB Analysis free study guide. If you're in here and NOT talking about WRBs, WRB Hidden GAPs, key market events, swing point price actions, strong continuation price actions, WRB Zones...you are not properly using this chat room. Once again, your participation will determine if the chat room is useful or not useful.
[14:05:25] * ChanServ sets mode: +o wrbtrader
[14:07:07] <@wrbtrader> A lot of key markets (e.g. Oil, Euro, Gold) are up nicely for the trading day but the movement upwards was not pretty.
[14:07:46] <@wrbtrader> Lots of small pullbacks that would have easily picked off any Long positions stops to then only go back up higher in price
[14:07:47] <mtntrader> I agree, wrbtrader, it was hard to trade.
[14:08:46] <@wrbtrader> Yeah...I watched Crude Oil CL futures, Forex EurUsd and Forex GbpUsd do that all day so far.
[14:09:18] <@wrbtrader> Its one of those days those markets are UP in trend and you could have easily had mostly losing Long positions :(
[14:10:28] <@wrbtrader> That's the flaw with day trading on days like today
[14:10:45] <@wrbtrader> Hard to know which trading days to be using a higher time frame
[14:11:01] <mtntrader> That is true.
[14:12:04] <@wrbtrader> I'be been watching Forex EurUsd closely since last Thursday via the 15min and 60min chart
[14:12:25] <@wrbtrader> Up Trend is very obvious via those time frames with clear trade signals
[14:12:49] <@wrbtrader> Drop down to the lower time frames for day trading purpose...its a big mess...very unclear
[14:13:39] <mtntrader> If you trade them on a higher time frame, you need to change your whole approach. Bigger stops and smaller size for me.
[14:13:52] <@wrbtrader> That's the one aspect of the puzzle I'm trying to understand and learn...
[14:14:39] <@wrbtrader> When to day trade and when to stop day trading so that I can swing trade when trends like that show up
[14:14:59] <@wrbtrader> I've never been good at doing both at the same time
[14:15:33] <mtntrader> Me neither. I think you have to pick one approach at a time.
[14:15:51] <@wrbtrader> Its one or the other for me but I've tried to day trade one trading instrument and swing trade a different trading instrument...
[14:16:23] <mtntrader> Short ES at 2106.00
[14:16:25] <@wrbtrader> Doing both (multitasking trading positions)...is exhausting and gives me headaches
[14:20:16] <mtntrader> Ha, should have shorted TF.
[14:20:32] <@wrbtrader> Shorts Emini ES @ 2105.50 -> medium size
[14:20:51] <@wrbtrader> 6 contracts
[14:23:44] <@wrbtrader> Covered all Emini ES Short @ 2105.25 --> + 0.25
[14:23:56] <@wrbtrader> :(
[14:24:12] <@wrbtrader> In with the wrong position size and wrong trading instrument
[14:24:32] <@wrbtrader> I had my eye on Emini TF futures
[14:25:00] <@wrbtrader> Thus, had to exit Emini ES when Emini TF reached its WRB pt1
[14:26:50] <mtntrader> Covered all ES at 2105.50, +.50
[14:33:12] <TradeSnake______> Short GC @ 1212.7
[15:20:31] <@wrbtrader> Take care all and see all tomorrow
[15:20:44] <mtntrader> Ok, later
[15:21:34] <TradeSnake______> Flat GC @ 1212.6 --> +0.1
[21:29:54] * Disconnected
Session Close: Tue Apr 28 21:29:54 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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