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 Post subject: July 21st Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Jul 25, 2015 6:24 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)
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

##TheStrategyLab Archive Chat Logs

Attachment:
072115-Key-Price-Action-Markets.png
072115-Key-Price-Action-Markets.png [ 980.29 KiB | Viewed 307 times ]

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

Session Start: Tue Jul 21 09:26:16 2015
Session Ident: ##TheStrategyLab
[09:26:16] * Now talking in ##TheStrategyLab
[09:26:16] * 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'
[09:26:16] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:26:16] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:36:59] <lightenup> E minis out of sinc TF trying to go up YM down
[09:40:03] <Tigerman__> gm all
[09:40:10] <Tigerman__> slow day expected
[09:51:34] <lightenup> Long YM 17901
[09:56:26] <Corner> Crude Light spiking higher
[09:58:19] <TradeSnake______> Long GC @ 1104.0
[09:59:45] <lightenup> Flat YM 17902 +1
[10:01:44] <TradeSnake______> Covered GC @ 1106.0 --> +2.0
[10:04:51] <TradeSnake______> Apparently IBM and UTX are main reason the YM is out of sync with the other Eminis
[10:07:47] <wrbtrader> Its earnings season...Eminis are usually "a little" out of sync. Yet, the past week, its been really bad (worst) than usual with their correlation
[10:08:30] <wrbtrader> Could be just institutions made changes in their hedges since the Greece / China fiasco...not sure
[10:15:04] <wrbtrader> Usually the markets are smooth on trading days in the summer is exclusively because of earnings season.
[10:15:39] <wrbtrader> In contrast, earnings season has just be the complete opposite...indices that are normally correlated...are now less correlated
[10:16:04] <wrbtrader> Last time I saw something like this was just before the 2008 financial fiasco
[10:17:38] <wrbtrader> Yet, once the bailouts started...the markets became very difficult to trade
[10:19:05] <wrbtrader> Banks are some of the biggest institutional firms and we all know they were also a critical part of the 2008 financial collapse and a critical part of the "bailouts"
[10:19:39] <wrbtrader> I'm really curious now about the U.S. financial connections (behind the scenes) involving Greece...
[10:19:48] <wrbtrader> Something about that just sticks
[10:19:54] <wrbtrader> sticks = stinks
[10:20:05] <wrbtrader> Something we just don't know anything abouot
[10:20:57] <wrbtrader> Whatever it is...its killing the correlations in the U.S. indexes
[10:24:20] <Tigerman___> what numbers show is 10bilions € in that tax avoid country
[10:24:51] <Tigerman___> 10bilions is US exposure as reported from istitunional
[10:25:12] <Tigerman___> unless some hidden numbers wrbtrader
[10:25:49] <Tigerman___> my opinion about poor trading conditions is :..
[10:26:01] <Tigerman___> simply free money are gone
[10:26:36] <Tigerman___> All big countries have lot of debt
[10:26:53] <Tigerman___> difficult issue more
[10:26:57] <wrbtrader> We can't blame the price action HFT and algos...they're getting hit heavy too
[10:27:23] <wrbtrader> Yeah...this debt thing is slowly getting crazy.
[10:27:36] <wrbtrader> I was reading an article recently about Argentina...
[10:27:58] <wrbtrader> They laugh about it. They are open and say "we aren't paying it back"
[10:28:00] <wrbtrader> :)
[10:28:11] <Tigerman___> x example a country near greek has a bebt incrrrrrrease of 600 bilions from 2007 fiasco
[10:28:43] <Tigerman___> in contrast same country had only 80bilions in Gdp increase !!!
[10:29:08] <Tigerman___> in same period
[10:30:24] <Tigerman___> some istitutions was first class creditors and got rembours
[10:30:47] <Tigerman___> the flow was with low power people
[10:31:00] <Tigerman___> they lost everything
[10:31:30] <lightenup> All eminis now pushing lower
[10:31:40] <Tigerman___> standard and poor declassed argentina few days before big crash
[10:32:28] <Tigerman___> nevertheless many people bought their debt witha CCC rating and consider it risk free !!!
[10:32:55] <Tigerman___> banks help that selling it to unsmart people
[10:33:30] <Tigerman___> regardless markets now very slow
[10:33:55] <wrbtrader> Shorts Emini ES @ 2117.75 -> large size
[10:34:49] <wrbtrader> Short Emini TF futures @ 1257.60 medium size
[10:35:08] <wrbtrader> TF 4 contracts and ES 10 contracts
[10:35:24] <Tigerman___> sh es 17.50
[10:35:44] <Tigerman___> TF stronger move
[10:38:19] <Tigerman___> exit 17.75 -1t
[10:41:28] <Tigerman___> sh es 17.50 re-enter
[10:41:53] <wrbtrader> Cover Emini TF futures @ 1255.50 +2.1
[10:42:33] <Tigerman___> exit 2/3 16.75 +3t
[10:42:46] <wrbtrader> WRB pt1 reached
[10:47:54] <Tigerman___> exit all rem 16.25 +5t
[10:50:38] <wrbtrader> very strange to see the Eminis back insync again
[10:50:44] <wrbtrader> :)
[10:51:02] <wrbtrader> Hard to believe what I'm seeing right now
[10:51:24] <wrbtrader> WRB pt2 reached
[10:51:37] <wrbtrader> They're moving together...not fighting each other
[10:51:56] <Corner> pt2 has become rare these days...
[10:53:40] <wrbtrader> Covered all Emini ES Short @ 2113.75 --> + 4
[10:54:14] <Tigerman___> wow very good I exited before because fear price retrace back
[10:54:53] <wrbtrader> Yeah, lately, I've been sticking to my gun about those retracement via holding the position until a target has been reached.
[10:55:08] <wrbtrader> Resulting most of the time a profitable trade turning into a losing trade
[10:55:20] <wrbtrader> Today, same plan as usual...hold the position
[10:55:30] <wrbtrader> This time no retracement...strange to see that
[10:58:28] <Tigerman___> yeah hold the positions is hard to do sometimes expecially when price retrace back
[11:22:19] <wrbtrader> Shorts Emini TF @ 1248.00 -> large size
[11:23:45] <wrbtrader> I got burnt yesterday in price action like this when it was stuck inside the range of a WRB Hidden GAP interval
[11:24:16] <wrbtrader> although I did held many trades too long...letting a few profitable trades become losing trades
[11:25:22] <wrbtrader> TF now climbing the range of the most recent Down WRB Hidden GAP interval
[11:25:47] <wrbtrader> time of day is similar to yesterday when I notice this problem begining to occur
[11:27:03] <wrbtrader> Like yesterday...no afternoon KMEs
[11:28:19] <wrbtrader> The differences is the volatility type prior to the range bound price action within the range of its most recent WRB Hidden GAP
[11:29:02] <wrbtrader> contracting intervals that immediately show up within the range...price action stays within the range awhile...bouncing up and down.
[11:29:48] <wrbtrader> In contrast, contracting volatility that shows up immediately "outside" the range of the most recent WRB Hidden GAP interval...tends to stay outside and not range bound
[11:30:02] <wrbtrader> Something to remember going forward
[11:31:18] <wrbtrader> This will be my last trade that occurs inside the range of a WRB Hidden GAP interval when the prior immediated intervals also ocurred inside the range of the WRB Hidden GAP...
[11:31:30] <wrbtrader> Too difficult to trade
[11:44:43] <wrbtrader> Covered 2/3 Emini TF Short @ 1248.90 --> - 0.9
[11:45:00] <wrbtrader> Covered Remainder Emini TF Short @ 1249.00 --> - 1
[11:45:18] <wrbtrader> punks
[11:46:28] <TradeSnake______> Short GC @ 1104.7
[11:47:55] <wrbtrader> market out on down ticks of 1248.70 and that's how it filled
[11:48:19] <wrbtrader> 6 total
[12:06:37] <lightenup> TF just broke the Resistance of the 11:06 down WRBHG
[12:23:23] <wrbtrader> Emini TF trying to push higher while Emini ES is trying to push lower
[12:23:44] <wrbtrader> We've seen this before many times the past 5 - 7 trading days
[12:24:13] <wrbtrader> Another way to look at it...
[12:24:42] <wrbtrader> TF above the range of its most recent Down WRB Hidden GAP interval while ES is below the range of its most recent Down WRB Hidden GAP interval
[12:25:01] <wrbtrader> Not good trading environment
[12:25:25] <wrbtrader> The Eminis need to be insync...all below or all above their most recent WRB Hidden GAP interval
[12:54:34] <Tigerman___> take care all see next time
[13:07:20] <TradeSnake______> Covered GC @ 1105.1 --> -0.4
[13:11:35] <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.
[13:11:51] * ChanServ sets mode: +o wrbtrader
[14:01:26] <robbin_banks> hi everyone
[14:33:21] <@wrbtrader> Emini TF futures broke outside of the range of the Down WRB Hidden GAP of 1304pm - 1306pm est but its now retracing and retesting the R area of the Down WRB HG interval
[14:33:53] <@wrbtrader> The good thing is that the Eminis are currently insync
[14:50:28] <robbin_banks> wrbtrader...is that why i havent seen you take alot of tf trades lately because its been out of sync?
[14:56:12] <@wrbtrader> No
[14:56:25] <@wrbtrader> I'm not saying TF is not insync
[14:56:38] <@wrbtrader> I'm saying ALL the Eminis are not insync lately
[14:57:10] <@wrbtrader> Today, for some odd reason, they have been more correlated than the prior recent 5 -7 days of "declining correlation"
[14:58:36] <robbin_banks> long tf 1cnt @51.20
[15:00:32] <robbin_banks> out all tf @49.70
[15:01:44] <robbin_banks> ok thanks mark
[15:22:08] <@wrbtrader> Current contracting volatility in the Eminis is very similar to the one between 1300pm - 1400pm est
[15:22:32] <@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
[15:48:39] <@wrbtrader> Long Emini TF @ 1252.10 -> large size
[15:49:02] <@wrbtrader> 3+1+2 contracts
[15:55:45] <@wrbtrader> Emmin TF futures has now retraced back inside that crappy range I've noted after 1300pm est
[15:57:00] <@wrbtrader> Exited all Emini TF Long @ 1250.20 --> - 1.9
[15:57:53] <@wrbtrader> TF now retesting the S area
[15:58:55] <@wrbtrader> Shorts Emini TF @ 1250.80 -> large size
[15:59:40] <@wrbtrader> Covered all Emini TF Short @ 1251.30 --> - 0.5
[15:59:51] <@wrbtrader> geeeesh
[16:00:33] <@wrbtrader> Bounced around...from R to S to R again
[16:07:16] <@wrbtrader> Emini TF now unusually calm between 4pm - 415pm est
[16:11:41] <@wrbtrader> Long Emini TF @ 1252.10 -> medium size
[16:11:50] <@wrbtrader> 4 contracts
[16:12:00] <@wrbtrader> re-entry
[16:12:19] <@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.
[16:14:16] <@wrbtrader> Exited all Emini TF Long @ 1251.70 --> - 0.4
[16:14:39] <@wrbtrader> R area @ 1251.80
[16:14:58] <@wrbtrader> S area @ 1250.00
[16:17:11] <@wrbtrader> Emini TF having a lot of problems getting away from that price area...making it a key price area tomorrow regular session
[16:17:29] <@wrbtrader> Take care all and see all tomorrow
[17:57:56] <@wrbtrader> Update: I was using my earnings calendar today so that I don't get caught off guard.
[17:58:22] <@wrbtrader> It doesn't show AAPL for today @ 4:30pm est
[17:58:31] <@wrbtrader> In contrast, AAPL was today :(
[17:59:32] <@wrbtrader> I'll use a different Earnings KME calendar for tomorrow's trading session.
[17:59:35] <@wrbtrader> :)
[17:59:38] <@wrbtrader> Bye all
[18:58:13] * Disconnected
Session Close: Tue Jul 21 18:58:13 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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