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 Post subject: May 11th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue May 12, 2015 1:40 am 
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Trader / Forum Admin

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)
wrbanalysis@gmail.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:
051115-Key-Price-Action-Markets.png
051115-Key-Price-Action-Markets.png [ 1.11 MiB | Viewed 295 times ]

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

Session Start: Mon May 11 09:29:42 2015
Session Ident: ##TheStrategyLab
[09:29:42] * Now talking in ##TheStrategyLab
[09:29:42] * 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'
[09:29:43] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:29:47] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:29:56] <mtntrader> Wrbtrader, you picked a good day on Friday to step away from the markets. They were crap after the big NFP KME premarket. I didn't take one ES trade and the TF only gave a couple of possible WRB entries, but I wasn't in front of the screen at the time.
[09:32:13] <wrbtrader> Yes...I saw that on my charts on Saturday.
[09:32:18] <wrbtrader> rarely does that happen
[09:32:53] <wrbtrader> Usually when I take the day off...its a nice trend day or good strong continuation price actions instead of the crap of range that showed up on Firday
[09:33:00] <Tigerman__> gm all
[09:33:17] <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.
[09:37:14] <wrbtrader> Emini TF futures just straight up...not pullbacks so far
[09:39:01] <Tigerman__> lg stoxx50 3588
[09:39:33] <Tigerman__> exit 1/2 3589 +1tk
[09:39:48] <Tigerman__> UFT trade
[09:40:04] <Tigerman__> it means ultra fast trade :)
[09:44:51] <Tigerman__> exit all rem stoxx50 @ 3589 +1tk
[09:47:58] <Tigerman__> lg stx 3588
[09:48:05] <Tigerman__> stoxx50
[09:48:40] <Corner> Tigerman - new market?
[09:48:42] <Tigerman__> exit 1/2 89 +1tk
[09:49:04] <Tigerman__> exit all rem 88 +0
[09:49:16] <Tigerman__> hi cornet not so ne really
[09:49:25] <Tigerman__> corner I mean
[09:50:08] <Tigerman__> just try some experiment on Dax/stoxx
[09:50:29] <Tigerman__> as I said here dax is very fast to manage x me right now
[09:50:38] <Corner> I feel betrayed everytime I trade the ESTX because the contract is so small, the commission is relatively high and the spread is too wide...
[09:52:04] <Tigerman__> ye all above is right
[09:52:31] <Tigerman__> but.. ESTX more liquid and slower
[09:53:31] <Tigerman__> i have to improve in controll Dax temper :)
[09:53:46] <Tigerman__> anyway just some experiments
[09:54:05] <Tigerman__> after all we are in US session now
[09:54:54] <Corner> Dax is tricky these days. Too many s/l orders in the market. Makes it jump 10 points easily and come back in a second :-(
[09:55:11] <Tigerman__> yeah thats I hate
[09:56:12] <Tigerman__> sh ES 2110
[09:58:40] <Tigerman__> exit all ES 2109.75 +1t
[09:58:44] <Tigerman__> stall here
[09:59:09] <Tigerman__> it also reached a2109in a fast spike not able to grab it :(
[09:59:54] <Tigerman__> come on it was impossible to get th spike unless a trail order already set up
[10:00:21] <Tigerman__> sh stx 3591
[10:00:59] <Tigerman__> exit all 91 +0
[10:01:58] <Tigerman__> disgusting price action in both EU and Us markey :(
[10:23:27] <wrbtrader> So far...looks like I should have taken Monday off too :(
[10:24:48] <mtntrader> Yes, wrb, but as you pointed out before, two days in a row of this brings about higher likelihood of a wide range or trend day ahead.
[10:25:05] <wrbtrader> Yep
[10:25:09] <Tigerman__> ye p infact Friday and today I planned to be off from trading....only need to fix some issue
[10:30:38] <Tigerman__> sh es 2108.75
[10:31:18] <Tigerman__> sh stx 3597
[10:32:42] <Tigerman__> exit Es 1/2 2106.25 +10 tk
[10:33:06] <Tigerman__> exit all rem ES 2106.75 +8 tk
[10:33:47] <Tigerman__> exit all stx 3597 +0
[10:35:28] <TradeSnake______> Short YM @ 18095
[10:38:29] <TradeSnake______> Covered YM @ 18092 --> +3
[10:39:29] <wrbtrader> Shorts Emini TF @ 1234.80 -> small size
[10:39:40] <wrbtrader> 1+2 contracts
[10:41:01] <rwbil001> wRB, what Time Frame trade based on
[10:41:20] <wrbtrader> 1min chart
[10:43:16] <wrbtrader> Covered all Emini TF Short @ 1234.50 --> + 0.3
[10:44:03] <wrbtrader> I wanted to see other key markets bring in some volatility...they didn't...reason why I just dumped it when more contraction showed up
[11:10:00] <Tigerman__> take care all
[11:24:46] <wrbtrader> Emini TF futures contracting but steady above its most recent Up WRB Hidden GAP interval
[11:31:06] <wrbtrader> Very tight trading range here
[11:31:55] <wrbtrader> Type of price action that puts you too sleep
[11:32:29] <wrbtrader> tic toc tic...getting close to the start of the mid-day trading session :(
[11:35:53] <wrbtrader> Range getting smaller (tighter) as each interval goes by
[11:37:04] <wrbtrader> Market acting like its tired after Mother's Day :)
[11:37:13] <wrbtrader> Too much of mom's home cooking
[11:38:44] <wrbtrader> Shorts Emini TF @ 1237.80 -> small size
[11:38:51] <wrbtrader> 1 contract
[11:39:12] <wrbtrader> Can't push any size greater than that in this tighten crappy price action
[11:39:42] <wrbtrader> Maybe after 2pm est...things will open up more...hopefully.
[11:41:05] <wrbtrader> volatility slowly increasing
[11:43:27] <wrbtrader> Emini TF back inside the range of its prior recent crappy price action
[11:44:56] <mtntrader> Yes, it looks like the little bit of morning volatility is over.
[11:45:28] <wrbtrader> more contraction showing up now
[11:45:36] <wrbtrader> some chop too
[11:49:10] <wrbtrader> Covered Emini TF Short @ 1239.00 --> - 1.2
[11:50:04] <wrbtrader> Emini TF futures still inside that range but just retested the R area of that prior crappy price
[11:52:53] <wrbtrader> Long Emini TF @ 1239.60 -> small size
[11:53:06] <wrbtrader> 2+1 contracts
[11:54:00] <wrbtrader> Emini TF futures now above the R area of that Long Upper Shadow interval of 1120am est 1min chart
[11:55:37] <wrbtrader> Today's intraday high is 1240.70
[11:56:36] <wrbtrader> Exited 2/3 Emini TF Long @ 1241.50 --> + 1.9
[11:56:42] <wrbtrader> WRB pt1 rreached
[11:57:08] <wrbtrader> Exited Remainder Emini TF Long @ 1241.40 --> + 1.8
[11:57:19] <wrbtrader> early exit
[11:57:42] <wrbtrader> was looking for a WRB pt2 but I have some fish on the barbecue now
[11:57:46] <wrbtrader> see all later
[12:13:14] <mtntrader> Long TF 1239.1
[12:14:46] <mtntrader> Covered all 1239.2 +.1
[12:31:30] <mtntrader> Long TF 1238.2
[12:44:00] <mtntrader> Cover all 1238.7, +.5
[12:57:39] <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
[14:54:58] <wrbtrader> Shorts Emini ES @ 2103.00 -> large size
[14:55:18] <wrbtrader> 10 contracts
[14:56:09] <wrbtrader> didn't expect that
[14:57:10] <wrbtrader> WRB pt1 reached and still trying to push a little lower
[15:07:04] <wrbtrader> Covered all Emini ES Short @ 2100.75 --> + 2.25
[15:08:14] <wrbtrader> a WRB pt2 had been reached @ 2100 but I held it longer because I was hoping sudden volatility would show up again to take it down further to a WRB pt3...didn't happen
[15:08:45] <mtntrader_> Good exercise of patience
[15:09:57] <wrbtrader> Take care and see all tomorrow
[15:10:16] <mtntrader_> Bye
Session Close: Tue May 12 00:00:01 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
wrbanalysis@gmail.com
Go Back To TheStrategyLab.com Homepage


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