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 Post subject: June 15th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Jun 17, 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)
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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

##TheStrategyLab Archive Chat Logs

Attachment:
061515-Key-Price-Action-Markets.png
061515-Key-Price-Action-Markets.png [ 1023.85 KiB | Viewed 356 times ]

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

Session Start: Mon Jun 15 09:27:55 2015
Session Ident: ##TheStrategyLab
[09:27:55] * Now talking in ##TheStrategyLab
[09:27:55] * 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'
[09:27:55] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:27:56] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:38] <wrbtrader> Good morning all
[09:30:56] <wrbtrader> Nice big gap down at the open for the Emini futures regular session
[09:30:59] <Corner> Good morning
[09:31:25] <Corner> Greece talk failed again... (running gag)
[09:33:00] <wrbtrader> Shorts Emini ES @ 2066.25 -> large size
[09:33:11] <wrbtrader> 15 contracts
[09:33:15] <wrbtrader> intuition
[09:35:04] <wrbtrader> Covered 1/3 Emini ES Short @ 2065.50 --> + 0.75
[09:36:12] <wrbtrader> Covered 1/3 Emini ES Short @ 2065.00 --> + 1.25
[09:36:39] <wrbtrader> Covered Remainder Emini ES Short @ 2065.75 --> + 0.5
[09:38:09] <Tigerman__> gm all
[10:04:00] <Tigerman__> price now inside that big down WRB HG at open
[10:04:08] <Tigerman__> in E-minies
[10:04:10] <wrbtrader> Yep
[10:06:57] <Tigerman__> sh es 67.75
[10:08:03] <Tigerman__> exit all es 67.50 + 1tk
[10:08:18] <jpan> 44.8s TF
[10:08:46] <wrbtrader> Shorts Emini ES @ 2067.50 -> large size
[10:08:55] <wrbtrader> 10 contracts
[10:09:47] <jpan> 45.5 out
[10:10:23] <Tigerman__> sh es 67 re.enter
[10:10:41] <jpan> 45.3s retry
[10:11:33] <jpan> 46 out
[10:11:56] <Tigerman__> exit all 67.75 +1tk
[10:12:34] <Tigerman__> no nice vola price after moves come back too early x my taste
[10:12:42] <Tigerman__> I hate that
[10:13:26] <jpan> damn, shouldve gone long instead
[10:19:34] <Tigerman__> sh es 2068
[10:20:41] <Tigerman__> exit 2067.75 +1 t
[10:21:33] <wrbtrader> Covered all Emini ES Short @ 2069.00 --> - 1.5
[10:22:30] <mtntrader__> Long ES 2069.00
[10:22:57] <Tigerman__> sh es 69
[10:23:03] <wrbtrader> more contraction in the volatility 5min chart
[10:23:29] <Tigerman__> exit 2/3 68.25 +3t
[10:24:08] <wrbtrader> Shorts Emini ES @ 2068.25 -> large size
[10:24:12] <wrbtrader> re-entry
[10:25:51] <Tigerman__> exit all rem ES @ 67 +8tk
[10:26:47] <mtntrader__> Long ES 2067.00 add
[10:27:24] <wrbtrader> Covered all Emini ES Short @ 2068.25 --> 0
[10:29:50] <mtntrader__> Covered first half at 2069.00 for scratch, holding long from 2067.00
[10:30:45] <wrbtrader> Shorts Emini ES @ 2068.0 -> large size
[10:30:51] <wrbtrader> re-entry
[10:31:43] <wrbtrader> I can clearly see the contraction and range within the range of the bid Down WRB Hidden GAP interval 5min chart
[10:32:07] <wrbtrader> I just want to see if this can retest the S area of that WRB Hidden GAP interval
[10:34:47] <Tigerman__> hi wrbtrader maybe do you meant the R of that interval ?
[10:35:00] <wrbtrader> S area
[10:36:26] <Tigerman__> ah ok simply price stuck now inside that WRB HG
[10:37:07] <Tigerman__> I more short biased
[10:37:36] <Tigerman__> interesting to see what happen when the S is touch or broken
[10:38:28] <wrbtrader> Yeah but it wasn't touched
[10:39:13] <wrbtrader> 2065.50
[10:39:32] <TradeSnake______> Long YM @ 17655
[10:40:24] <Tigerman__> sh es 69.5 fast intuition
[10:40:27] <wrbtrader> Covered all Emini ES Short @ 2069.50 --> - 1.5
[10:42:06] <Tigerman__> exit 2/3 69 +2 tk
[10:42:14] <TradeSnake______> Covered YM @ 17652 --> -3
[10:42:34] <Tigerman__> exit all 69.25 +1 t
[10:42:58] <Tigerman__> not lose it already nice in this low vola :)
[10:44:57] <wrbtrader> Shorts Emini ES @ 2068.25 -> large size
[10:45:10] <wrbtrader> re-entry
[10:48:19] <Tigerman__> sh es 69.25
[10:49:30] <Tigerman__> exit 2/3 68.75 +3t
[10:52:18] <Tigerman__> exit all rem 69 +1 tk
[10:52:31] <Tigerman__> naaa lova sleep :(
[10:53:02] <Tigerman__> sh 86.75
[10:53:06] <Tigerman__> re-entry
[10:53:40] <wrbtrader> The market can hold this price area much longer than my patience :(
[10:54:23] <Tigerman__> exit all 68.50 +1tk
[10:54:45] <Tigerman__> sorry 68.75 +0
[10:56:49] <wrbtrader> Covered all Emini ES Short @ 2069.25 --> - 1
[10:57:33] <wrbtrader> price action slowly creeping higher with higher lows...only a volatility spike will shake things up
[10:58:18] <wrbtrader> Still stuck inside the rang of the big Down WRB Hidden GAP interval 5min chart
[11:00:39] <wrbtrader> Breakout above the R area
[11:00:52] <mtntrader__> Covered all @ 2075.00, +8.0
[11:00:57] <mtntrader__> PT reached
[11:06:10] <Tigerman__> lg es 73.25
[11:07:28] <Tigerman__> exit 1/3 73.5 +1t
[11:08:33] <Tigerman__> exit 1/3 74.25 +4t
[11:11:46] <Tigerman__> exit all ES rem @ 2078 +19 tks
[11:12:37] <Tigerman__> needed ton of patience x me I wanted exit on every second but waited on price running up
[11:13:15] <mtntrader__> This is a patience kind of day, Tigerman
[11:15:30] <Tigerman__> yeah the issue is the patience is not so easy for hot temper like me :)
[11:15:39] <wrbtrader> Long Emini ES @ 2077.50
[11:16:23] <Tigerman__> lg ES 77.50
[11:21:42] <efloortrader7> Gm, eveyone I have a question about the WRB Analysis, is it better to use regular session data only or 24hr data?
[11:21:52] <wrbtrader> Use both
[11:21:58] <efloortrader7> Ok
[11:21:59] <efloortrader7> thanks
[11:22:21] <efloortrader7> I am noticing how looking at both could be beneficial so wanted to know if that was smart or not
[11:22:44] <wrbtrader> Exited all Emini ES Long @ 2076.00 --> - 1.5
[11:23:15] <wrbtrader> Shorts Emini ES @ 2074.75 -> large size
[11:23:25] <wrbtrader> 20 contracts
[11:23:56] <wrbtrader> Up my position size on the increasing volatility on the rollover
[11:25:24] <Tigerman__> exit all ES 2076.25 -5 tk
[11:25:59] <wrbtrader> volatility slowing...trying hard to contract
[11:26:18] <wrbtrader> beware of the snapback
[11:29:58] <Tigerman__> sh es 2072.5
[11:30:13] <wrbtrader> Covered 1/2 Emini ES Short @ 2072.25 --> + 2.5
[11:30:15] <wrbtrader> WRB pt1 reached
[11:31:22] <wrbtrader> I need a 2071.75 on these remainders to get me back where I was at before trading inside the range of that big Down WRB Hidden GAP interval.
[11:31:35] <wrbtrader> Had it but couldn't grab it
[11:31:57] <wrbtrader> I'm now back on the lower time frame chart after struggling too much on the higher time frame
[11:33:56] <wrbtrader> High risk trade for several reasons...
[11:34:08] <wrbtrader> Up my size knowing the volatility will dry up fast
[11:34:55] <wrbtrader> Problematic WRB Hidden GAP interval earlier...increasing chance another WRB HG would appear like that
[11:35:23] <wrbtrader> Trading against the obvious Up trend that bounced off the intraday lows
[11:36:15] <Corner> wrbtrader - but the obvious longer tf trend is still down :-)
[11:36:33] <wrbtrader> I struggle with that time frame...
[11:36:44] <wrbtrader> I'm leaving it alone
[11:37:32] <Tigerman__> exit all 72.75 -1 tk
[11:39:10] <wrbtrader> Covered all Emini ES Short @ 2074.00 --> + 0.75
[11:40:49] <wrbtrader> Long Emini ES @ 2075.00 -> large size
[11:41:07] <wrbtrader> 10 contracts
[11:45:45] <wrbtrader> Exited all Emini ES Long @ 2075.50 --> + 0.5
[11:46:50] <wrbtrader> mid-day trading session 15 minutes away
[11:46:58] <d4alpha_> wrbtrader... was the problematic WRBHG you referred to the one that appeared around 11:00am?
[11:47:28] <wrbtrader> The big Down WRB HG I talked about earlier
[11:48:33] <wrbtrader> Long Emini ES @ 2076.00 -> large size
[11:48:39] <wrbtrader> re-entry
[11:56:10] <wrbtrader> Exited all Emini ES Long @ 2075.25 --> - 0.75
[11:56:43] <wrbtrader> I thought that was a safe stop just above the most recent reaction low
[11:57:06] <wrbtrader> it rolled over on increasing volatility
[11:58:22] <mtntrader__> Short ES 2075.00
[11:58:27] <wrbtrader> Shorts Emini ES @ 2074.50 -> large size
[11:58:40] <wrbtrader> 15 contracts
[11:59:43] <wrbtrader> almost the same trade as that other Short but with less size
[12:00:12] <wrbtrader> mid-day trading session has arrived :(
[12:01:19] <wrbtrader> Covered all Emini ES Short @ 2075.50 --> - 1
[12:01:59] <wrbtrader> should'uv switch over the TF before the funny arb business started in ES
[12:05:17] <wrbtrader> Shorts Emini ES @ 2075.50 -> large size
[12:05:28] <wrbtrader> re-entry
[12:08:49] <wrbtrader> Emini TF now trying to creep higher :(
[12:10:23] <wrbtrader> volatility not looking good right now :(
[12:10:51] <Tigerman__> sh es 2076.25
[12:12:25] <wrbtrader> just got a shallow WRB pt1 as a loss had I taken that
[12:12:36] <Tigerman__> exit all 75.75 +2tk
[12:12:37] <wrbtrader> I don't get too many like that
[12:13:30] <wrbtrader> new range has developed
[12:13:44] <wrbtrader> low volatility range
[12:20:32] <mtntrader__> ES short 2077.00, add
[12:26:49] <mtntrader__> Covered first half at 2017.55 for scratch. Holding short from 2077.00
[12:27:05] <wrbtrader> WRB pt1 again but this time as a profit but still INSIDE the new range
[12:28:36] <mtntrader__> Correction, covered first half at 2075.00, +0
[12:29:25] <wrbtrader> Covered 1/3 Emini ES Short @ 2074.75 --> + 0.75
[12:31:07] <wrbtrader> Covered Remainder Emini ES Short @ 2075.25 --> + 0.25
[12:31:19] <Tigerman__> take care all see next time
[12:31:40] <mtntrader__> Cya Tiger
[12:32:09] <wrbtrader> back to looking for Long positions
[12:32:36] <wrbtrader> I don't think this can break below the new range...it seems too content chopping around
[12:36:45] <wrbtrader> Emini ES just retested the low of the new range
[12:49:29] <mtntrader__> Out remainder at 2076.75, +.25
[12:58:46] <mtntrader__> Short ES 2077.25, re-entry
[13:21:42] <mtntrader__> Covered all at 2077.00, + .25
[13:51:45] <Corner> KME?
[13:53:05] <d4alpha_> No KME no news. Just a volatility spike out the blue?
[13:53:26] <Corner> Huge volume...
[13:53:41] <TradeSnake______> wow
[13:53:59] <Corner> Maybe option/rollover related
[13:54:15] <mtntrader__> Countries in the EMU have come to an agreement over an emergency plan regarding Greece.
[13:55:04] <d4alpha_> Where did you see that mtntrader?
[13:55:32] <mtntrader__> Twitter, credited to German newspaper
[13:55:42] <d4alpha_> Thanks
[14:26:47] <wrbtrader> Nothing new or strange anymore about the mid-day sideways low volatility range...
[14:26:59] <wrbtrader> Its been happening frequently lately
[14:32:36] <wrbtrader> Long Emini ES @ 2076.75 -> large size
[14:42:01] <wrbtrader> Long Emini ES @ 2076.00 -> Add
[15:05:36] <wrbtrader> Exited 1/2 Emini ES Long @ 2073.00 --> - 3
[15:05:56] <wrbtrader> Exited Remainder Emini ES Long @ 2073.25 --> - 3.5
[15:06:04] <jpan> tough chop
[15:06:51] <wrbtrader> Emini ES retested the reaction low of 1352pm es
[15:07:17] <jpan> 54L tf 1 car
[15:07:20] <wrbtrader> I thought that long enduring tight trading range would hold for the rest of the day
[15:07:47] <wrbtrader> Instead, it retested the KME news low
[15:07:53] <jpan> dont mind ante up 1 car for it to go back to chop zone
[15:08:18] <wrbtrader> Long Emini ES @ 2073.50 -> large size
[15:08:30] <wrbtrader> 20 contracts
[15:08:46] <jpan> yup, tested the UP HG
[15:08:54] <wrbtrader> trying again via the stall off the KME low
[15:11:08] <jpan> hmm. may still fail
[15:11:22] <jpan> 53.4 stop
[15:11:40] <wrbtrader> may go up or may go sideways into another low volatility tight trading range
[15:12:09] <wrbtrader> If a low volatility tight trading range...there's another reaction low below...
[15:12:30] <wrbtrader> It could just end up bouncing up and down between this one and the one below
[15:12:46] <jpan> pop
[15:12:48] <wrbtrader> That's what its been doing a lot lately
[15:13:10] <wrbtrader> range bound between swing points or reaction highs/lows
[15:13:17] <jpan> needs to still fill my 900t down gap or else im out soon
[15:13:25] <jpan> filled :)
[15:13:58] <jpan> 55.2 tgt
[15:18:56] <wrbtrader> I may swing this trade but if I do...I will decide when I return later this evening. Thus, I'll either dump it tonight or hold it into tomorrow's morning session
[15:19:04] <wrbtrader> Take care all and see all tomorrow
[15:19:12] <jpan> later
[15:19:43] <wrbtrader> or maybe tonight if trade goes like the prior one :(
[15:21:40] <jpan> tgt hit,
[15:44:53] <jpan> damn major pickpocked lol
Session Close: Tue Jun 16 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
wrbanalysis@gmail.com
Go Back To TheStrategyLab.com Homepage


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