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063015-Key-Price-Action-Markets.png [ 1018.05 KiB | Viewed 104 times ]
click on the above image to view today's price action of key markets
Session Start: Tue Jun 30 09:00:45 2015
Session Ident: ##TheStrategyLab
[09:00:45] * Now talking in ##TheStrategyLab
[09:00:45] * 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'
[09:00:45] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:00:46] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:02:34] * ChanServ sets mode: +o wrbtrader
[09:02:47] <@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.
[09:31:39] <Corner> Good morning all
[09:31:47] <Tigerman__> greeks still is taqlk of the town
[09:32:07] <Corner> ...and will be for the next days...
[09:32:17] <Tigerman__> hi corner today you got a lot of moves in Dax if you trade it
[09:32:31] <Corner> Yesterday was better...
[09:32:55] <Tigerman__> what it is strange is the big spread in Dax bid ask
[09:33:15] <Corner> High risk > high spread
[09:33:50] <Corner> Moves in DAX, yes - predictable moves no (at least for me)
[09:33:54] <Tigerman__> umhh considering high vola many big one should trade
[09:34:23] <Tigerman__> instead 1,2 pz on high level
[09:34:42] <Tigerman__> simply few trade it vs time ago
[09:34:43] <@wrbtrader> Shorts Emini ES @ 2064.50 -> large size
[09:34:49] <Tigerman__> same for stoxx50
[09:35:18] <@wrbtrader> 25 contracts
[09:39:28] <@wrbtrader> KMEs @ 0945am and 100am est
[09:41:39] <@wrbtrader> WRB pt1 reached
[09:43:50] <@wrbtrader> Covered Emini ES Short @ 2059.75 --> + 4.75
[09:45:22] <Corner> wrb - nice hold while long lower shadows in the eminis 1 minute
[09:46:53] <@wrbtrader> Shorts Emini ES @ 2059.75 -> large size
[09:47:28] <@wrbtrader> re-entry
[09:47:37] <@wrbtrader> prior trade was an early exit
[09:47:45] <@wrbtrader> goal was a WRB pt2
[09:52:21] <@wrbtrader> Covered all Emini ES Short @ 2059.75 --> 0
[09:52:47] <@wrbtrader> will retry again
[09:53:48] <@wrbtrader> Shorts Emini ES @ 2060.50 -> large size
[09:54:01] <@wrbtrader> re-entry
[09:55:15] <@wrbtrader> trailing @ profit
[09:55:47] <@wrbtrader> won't make the same trade management mistake like I did on the prior trade...trail should have been tighten to prevent the pick pocket
[09:56:55] <Tigerman__> yeah sometimes when we tight the trrail price just come over 1 tick and continue in our planned direction
[09:56:58] <@wrbtrader> No scaling out in this type of price action with this type of market context (Greece)
[09:57:32] <@wrbtrader> pending KME
[09:57:36] <@wrbtrader> 1000am est
[09:58:04] <Tigerman__> umh no scaling out because you fear price can change direction too fast wrbtrader?
[09:59:16] <@wrbtrader> Yes...market very negative about Greece right now that any type of "agreement debt news out of Greece" can EASILY send the markets into a huge volatility spike upwards
[09:59:54] <Tigerman__> ok right consideration
[10:02:28] <@wrbtrader> Covered all Emini ES Short @ 2057.75 --> + 2.75
[10:11:03] <@wrbtrader> volatility is declinging
[10:12:16] <Tigerman__> yeah rnge forming in ES
[10:12:50] <Tigerman__> I m interested in sell pressure under 2056 ES
[10:14:53] <Tigerman__> ok that lever broken let see now..
[10:16:37] <@wrbtrader> that rollover southward fast as a breakdown below the S area of the contracting volatility
[10:16:55] <Tigerman__> menwhile rafa nadal is leadinh his match vs bellucci
[10:17:32] <Tigerman__> wimbledon championship
[10:17:59] <Tigerman__> so today one of my screen is for tennis
[10:18:52] <Tigerman__> price now inside that recnt drk Wrb hg in ES 1min
[10:22:44] <@wrbtrader> Emini TF futures trying hard to fill its regular session gap
[10:22:48] <Tigerman__> sh es 54.75 intuition
[10:22:51] <@wrbtrader> just did
[10:23:24] <Tigerman__> exit 1/2 53.75 +4tk
[10:23:34] <@wrbtrader> Shorts Emini ES @ 2053.50 -> large size
[10:23:44] <@wrbtrader> will be a tough trade
[10:24:13] <Tigerman__> exit 54.50 +1 tk trail pick up
[10:24:29] <@wrbtrader> Covered all Emini ES Short @ 2054.50 --> - 1
[10:24:40] <@wrbtrader> taken out by the snapback
[10:25:20] <Tigerman__> yeah I hate that nasty snap up
[10:25:42] <Tigerman__> expecially when occurs after my entry
[10:26:05] <Tigerman__> now again inside that mentioned WRB hg
[10:27:04] <@wrbtrader> Shorts Emini ES @ 2058.00 -> large size
[10:27:17] <@wrbtrader> 20 contracts
[10:27:50] <@wrbtrader> snapback was a little spooky because it had increasing volatility
[10:30:40] <Tigerman__> sh es 57.75
[10:31:20] <Tigerman__> exit 1/2 57.25 +2 tk
[10:31:37] <@wrbtrader> looks like its going to be a "churn" between the recent two trades and volatility is tighning up again
[10:32:46] <@wrbtrader> Covered all Emini ES Short @ 2056.75 --> + 1.25
[10:32:58] <Tigerman__> exit all es at 56.75 +4 tk
[10:33:06] <@wrbtrader> churning now
[10:33:12] <Tigerman__> wrb pt1 shallow reached
[10:33:24] <Tigerman__> vola low now
[10:35:10] <Corner> Nice trading in the cable today
[10:41:34] <@wrbtrader> Shorts Emini ES @ 2054.50 -> large size
[10:43:20] <@wrbtrader> Covered all Emini ES Short @ 2054.00 --> + 0.5
[10:43:28] <@wrbtrader> that wasn't a trade signal
[10:43:51] <@wrbtrader> I messed up that entry
[10:44:25] <@wrbtrader> Now I can use one of those snapbacks upwards to reset a possible trade signal
[10:45:52] <@wrbtrader> its trying
[10:49:20] <@wrbtrader> geeesh...it just flipped ove out of nowhere
[10:50:44] <@wrbtrader> Shorts Emini ES @ 2052.00 -> large size
[10:50:46] <Tigerman__> sh es 2052
[10:51:26] <@wrbtrader> Emini ES futures filled its regular session gap
[10:51:37] <Tigerman__> exit 1/2 51.50 +2 tk
[10:51:40] <@wrbtrader> I didn't realize it was that close to my entry
[10:52:06] <@wrbtrader> deceptive chart on that spike down
[10:53:11] <Tigerman__> yep sometimes chart fake us
[10:54:11] <Tigerman__> exit 53 -4tk on rem
[10:54:37] <@wrbtrader> Covered all Emini ES Short @ 2053.75 --> - 1.75
[10:55:23] <@wrbtrader> had the entry been more than 2 points away...I would still be holding the Short
[10:56:19] <Tigerman__> sh es 53.75 re-enter
[10:57:53] <Tigerman__> exit all 54.25 -2tk
[11:07:41] <Tigerman__> lg es 57
[11:08:48] <Tigerman__> exit 57
[11:08:54] <@wrbtrader> This contraction or developing range is starting tighten my charts log scale
[11:09:08] <@wrbtrader> That big gap on Monday really messed things up
[11:09:59] <@wrbtrader> Simply, price action are actually "closer" to key levels than what the chart visually would show
[11:10:17] <Tigerman__> my solution is expand my chart on fly or.. use another one with less candles
[11:10:31] <@wrbtrader> Yeah...that's what I'm doing now
[11:10:42] <@wrbtrader> It cost me on the prior trade
[11:10:47] <Tigerman__> of course I need keep one with more candels
[11:11:29] <@wrbtrader> Hopefully we get another volatility spike soon to shake things up
[11:11:58] <Tigerman__> wrbtrader do you prefer charts larger on vertical dimension
[11:12:28] <Tigerman__> expeciall when you hve more charts beside each other
[11:13:41] <Tigerman__> time ago I used charts developed more horizontal I can see far in time but too much compressed in price levels
[11:14:34] <Tigerman__> right now I use more vertical develop charts better for levels
[11:15:06] <@wrbtrader> My charts only get visually strange on big gap days like Monday or on holiday trading sessions when there's only futures open when the stock market is closed...
[11:15:47] <@wrbtrader> The data for my charts will show it as "empty" (gap) and then the following full day of trading looks strange
[11:15:58] <@wrbtrader> in comparison to the holdiay trading session
[11:16:16] <@wrbtrader> I use to complain about that a lot in here a long time ago...
[11:16:38] <@wrbtrader> I'm now use to it and I trade light after a holiday trading session
[11:17:12] <@wrbtrader> Shorts Emini ES @ 2058.75 -> large size
[11:17:32] <@wrbtrader> re-entry
[11:17:35] <Tigerman__> as you tell here our chart has impact on our trade
[11:18:33] <@wrbtrader> I waited patiently for a volatilty spike like that
[11:18:38] <@wrbtrader> not paying so far
[11:18:46] <@wrbtrader> intuition trade
[11:19:27] <@wrbtrader> Covered all Emini ES Short @ 2058.75 --> 0
[11:19:58] <@wrbtrader> will try again if it can push higher into the range of a prior trade signal
[11:20:11] <@wrbtrader> preferrably as a volatility spike
[11:20:45] <Tigerman__> lg es 58.75
[11:21:52] <Tigerman__> exit all 58.75
[11:22:35] <Tigerman__> lg es 58.5
[11:24:49] <Tigerman__> exit 58.5
[11:25:59] <@wrbtrader> choppy now
[11:27:20] <Tigerman__> lg es 58.25
[11:27:26] <Tigerman__> tiring ...
[11:28:51] <Tigerman__> exit 58 -1t
[11:29:46] <@wrbtrader> Shorts Emini ES @ 2056.75 -> large size
[11:29:59] <Tigerman__> sh es 56
[11:30:19] <@wrbtrader> re-entry
[11:30:32] <@wrbtrader> beware of the snapback...its in that price area for one
[11:30:39] <Tigerman__> exit 2/3 54.75 +5t
[11:30:49] <@wrbtrader> WRB pt1 reached
[11:32:40] <@wrbtrader> Covered all Emini ES Short @ 2053.25 --> + 3.5
[11:35:40] <Tigerman__> exit all rem @ 52.50 +14 tks
[11:59:55] <@wrbtrader> High probability for the trend to be down for the day
[12:00:35] <@wrbtrader> especially with the Greece situation unless something surprisingly (miracle) positive happens in the debt talks today
[12:01:39] <Tigerman__> take care all see next time
[12:03:23] <@wrbtrader> Amazing how early in the Month the pending Greece situation killed the price action via tons of contractions and lack of direction...
[12:03:57] <@wrbtrader> Then when the debt crisis neared the deadlines...
[12:04:33] <@wrbtrader> Big gaps and volatile movements, strong directional price action that wiped out the entire gains for the year of 2015 in the indexes
[12:04:58] <@wrbtrader> More amazing...it ain't over yet with Greece.
[12:05:08] <@wrbtrader> We still got today's deadline
[12:05:30] <mtntrader__> I wish it would get over soon. I am getting sick of this.
[12:06:29] <@wrbtrader> If Greece falls...others will soon follow
[12:07:24] <@wrbtrader> Growing number of analyst predicting such will happen that will take it into a crisis worst than 2008 - 2009
[12:07:59] <@wrbtrader> Millionaires were made during that crisis while millions lost everything
[12:11:51] <@wrbtrader> FYI - July 5th Sunday is the referendum vote
[12:12:39] <mtntrader__> It is a no-win situation for the Greek people.
[12:12:59] <@wrbtrader> Yep
[12:13:10] <@wrbtrader> They're just delaying the inevitable
[12:22:59] <@wrbtrader> FYI - Greece is set (if it can) to Pay the IMF today 1.6 billion euros toay at 6pm est
[12:23:17] <@wrbtrader> Glad its not due during regular market hours today...
[12:23:28] <@wrbtrader> That would produce a crazy market today
[12:23:41] <Corner> They already declared that they won't pay
[12:24:06] <mtntrader__> I read on Twitter that they have already informed the IMF that the payment won't be made. That was premarket today.
[12:24:37] <@wrbtrader> Yes but it becomes official at 6pm est (payment due time)
[12:27:08] <@wrbtrader> lowering my position size down to 10 contracts
[12:27:39] <@wrbtrader> I've been trading 20 - 25 contracts all day so far
[12:28:34] <@wrbtrader> be careful of a snapback here in this price area
[12:28:44] <TradeSnake______> Also as an FYI - World's markets brace for Wednesday's leap second http://www.futuresmag.com/nvY#.VZK_vkm6bR8.twitter
[12:29:23] <@wrbtrader> Wow...thanks for that info
[12:30:24] <@wrbtrader> Emini ES futures is now nearing the lows of yesterday's big sell off
[12:31:02] <@wrbtrader> That's why I'm afraid of a snap back on its first attempt to reach those lows
[12:41:13] <mtntrader__> Long ES 2049.00
[12:42:42] <mtntrader__> I am guessing that we may have put in the low of the day.
[12:49:07] <mtntrader__> Covered all 2048.50, - .50
[12:50:38] <mtntrader__> Long ES 2049.00, re-entry
[13:01:53] <mtntrader__> Covered half at 2051.25, +2.25
[13:35:07] <@wrbtrader> Shorts Emini ES @ 2056.25 -> large size
[13:35:13] <@wrbtrader> 10 contracts
[13:36:41] <@wrbtrader> Covered all Emini ES Short @ 2056.25 --> 0
[13:36:58] <@wrbtrader> sideline...will just watch...trade error
[13:53:31] <@wrbtrader> costly trade error
[13:54:13] <mtntrader__> Covered second half 2060.00, +11.00
[13:54:21] <@wrbtrader> nice
[13:54:50] <mtntrader__> thx
[13:55:08] <@wrbtrader> Emini ES futures has retraced more than 1/2 of that initial downtrend
[13:55:46] <@wrbtrader> in reference to today's intial downmovement...not yesterday's
[14:09:54] <mtntrader__> The bulls apparently think they're back in charge.
[14:11:06] <@wrbtrader> Emini TF futures has made new regular session highs...
[14:11:08] <@wrbtrader> Impressive
[14:13:08] <@wrbtrader> Long Emini ES @ 2065.25 -> large size
[14:15:46] <@wrbtrader> Exited all Emini ES Long @ 2065.25 --> 0
[14:15:52] <Corner> I get mad with this Greece stuff. Now they want to pay, but not later. Euro group will meet again tomorrow
[14:16:16] <Corner> but later
[14:16:20] <@wrbtrader> They can't pay
[14:16:36] <Corner> The want to negoatiate again...
[14:16:51] <@wrbtrader> The most wealth just needs a little more time to get their money safe and secure
[14:17:19] <Corner> I hope there will be an end soon.
[14:17:35] <Corner> All these news spike make me mad.
[14:18:32] <Corner> Next news: Greece is willing not to do the referendum...
[14:19:01] <Corner> Maybe they can't get it organized...
[14:19:04] <@wrbtrader> Yeah...this latest run up is a news issue AGAIN
[14:20:18] <@wrbtrader> How much is that 1.6 billion dollars to the IMF...what percentage of the debt of all the EU member countries
[14:20:34] <@wrbtrader> If its small amount...
[14:20:43] <@wrbtrader> I say write it off and let Greece fall
[14:21:10] <Corner> They fear civil war.
[14:21:26] <@wrbtrader> Wealthy against the Poor
[14:22:15] <Corner> The Greece people can't get money from their own accounts.
[14:22:27] <Corner> That would make me angry as well.
[14:22:54] <Corner> Banks closed. Stock market closed.
[14:22:56] <@wrbtrader> Yeah...the banks are closed and many of them have removed the hard cash from the banks
[14:23:34] <@wrbtrader> I have a friend stranded in Greece...
[14:23:48] <@wrbtrader> He was in the process of moving back to the United States with his family...
[14:23:58] <@wrbtrader> His 26K is frozen
[14:24:06] <@wrbtrader> He can't get access to any money
[14:24:10] <@wrbtrader> His money
[14:24:38] <@wrbtrader> crazy
[14:24:54] <Corner> I don't know if they stay calm.
[14:25:18] <mtntrader__> I've heard that if the referendum fails, the Greek banks are toast.
[14:25:52] <Corner> There is a lot of propeganda going on. Evil Nazi Merkel and so on...
[14:26:26] <@wrbtrader> I think so too and there will be chaos, riots and elected officials will be on lockdown with armed guards
[14:26:35] <mtntrader__> As far as I can see, Corner, the Germans are clearly the good guys here.
[14:27:32] <Corner> But this doesn't help if they send suicide bombers later...
[14:28:07] <Corner> They really believe that the EU is evil
[14:29:57] <@wrbtrader> That's problematic considering there are some well armed extremist in Greece
[14:31:09] <@wrbtrader> Scary unemployment rate too...
[14:31:23] <@wrbtrader> Lots of folks with lots of free time to do crazy stuff
[14:32:31] <Corner> So I guess the name of the game is: pay for peace
[14:32:55] <Corner> ...and try to make things a little better over time...
[14:35:00] <Corner> http://www.bild.de/politik/ausland/grie ... .bild.html
[14:35:28] <Corner> I know its German. But the chart show the private money left on accounts.
[14:36:21] <@wrbtrader> scary...starting to look like a free fall
[14:39:36] <mtntrader__> Yes, that is pretty scary.....
[14:43:24] <mtntrader__> Short ES 2059.50
[14:44:45] <mtntrader__> Covered all at scratch
[14:52:35] <mtntrader__> Short TF 1250.4
[14:55:16] <mtntrader__> Covered half 1249.4, +1.0
[14:58:45] <mtntrader__> Out balance at 1249.9, +.5
[15:03:10] <mtntrader__> Looks like the bulls are giving up. Maybe a last hour flush?
[15:04:34] <mtntrader__> Unless, of course, they want to mark it up for monthly & quarterly close....
[15:54:36] <@wrbtrader> Long Emini ES @ 2059.25 -> large size
[15:55:13] <@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
[15:56:25] <@wrbtrader> Exited all Emini ES Long @ 2058.50 --> - 0.75
[15:57:35] <@wrbtrader> Shorts Emini ES @ 2057.50 -> large size
[15:59:11] <@wrbtrader> Covered all Emini ES Short @ 2057.00 --> + 0.5
[15:59:38] <@wrbtrader> Shorts Emini ES @ 2056.75 -> large size
[15:59:48] <@wrbtrader> re-entry
[16:04:58] <@wrbtrader> This 4pm est rush hour briefly reminded me of the "normal" 4pm est rush hour trading session that was common to see before 2008
[16:14:30] <@wrbtrader> impressive snapback and then to keep it as such...they snatch the volatility from it
[16:15:51] <@wrbtrader> Covered all Emini ES Short @ 2054.50 --> + 2.25
[16:16:01] <@wrbtrader> I thougtrh when ES tested the 2050 price...it would just hold itself down their in that area.
[16:16:55] <@wrbtrader> Basically it breifly dropped back below yesterday's close and snapback upwards
[16:17:30] <@wrbtrader> That's 3x its done that today on a volatility spike
[16:18:37] <@wrbtrader> End of the month and quarter
[16:19:21] <@wrbtrader> feels like the market is on a ticking time bomb with the Greece fiasco
[16:20:26] <@wrbtrader> The worlds richest people lost 70 Billion dollars Yesterday (Bloomberg) @ http://www.bloomberg.com/news/articles/ ... 063015_BIZ
[16:20:54] <@wrbtrader> Take care all and see all next month (tomorrow)
[16:21:07] <Corner> Take care!
[23:29:34] * Disconnected
Session Close: Tue Jun 30 23:29:36 2015
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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:
CME Emini Futures EMD, ES and NQ
ICE Emini TF Futures (formerly CME ER2)
CBOT mini-sized Dow Futures YM
Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50
Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz
Euronext Futures FTSE-100 and CAC-40
CME Futures EuroFX 6E and EC
Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB
Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen, Usd/Cad, Xau/Usd and Xag/Usd
Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD
NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG
COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI
S&P CNX NIFTY Futures
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
and they're not allowed to do such in ##TheStrategyLab.
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
Trader and Founder of WRB Analysis
(wide range body/wide range bar analysis)
Price Action Trading
@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader
Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002 email@example.comGo Back To TheStrategyLab.com Homepage