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 Post subject: September 24th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Sep 25, 2015 8:20 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:
092415-Key-Price-Action-Markets.png
092415-Key-Price-Action-Markets.png [ 1.27 MiB | Viewed 293 times ]

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

Session Start: Thu Sep 24 07:28:13 2015
Session Ident: ##TheStrategyLab
[07:28:13] * Now talking in ##TheStrategyLab
[07:28:13] * 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'
[07:28:13] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[07:28:13] -hitchcock.freenode.net:##TheStrategyLab- [freenode-info] help freenode weed out clonebots -- please register your IRC nick and auto-identify: http://freenode.net/faq.shtml#nicksetup
[07:28:14] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:27:49] <acon0> Good morning
[09:41:01] <Corner> Good morning all
[09:41:20] <xtrader34_> GM
[09:41:29] <acon0> ES at overnight lows, but NQ a bit above
[09:41:33] <Corner> No zones :-(
[09:46:16] <wrbtrader> Shorts Emini ES @ 1906.75 -> large size
[09:46:35] <wrbtrader> 25 contracts
[09:50:24] <wrbtrader> Covered Emini ES Short @ 190350 --> - 188443.25
[09:50:40] <wrbtrader> Holding 10 contracts
[09:50:45] <wrbtrader> correction...
[09:51:00] <wrbtrader> Covered Emini ES Short @ 1903.50 --> + 3.25
[09:52:55] <wrbtrader> :(
[09:53:30] <wrbtrader> I rolled the dice that Emini ES will do what it did yesterday morning in comparison to Emini TF...
[09:53:40] <wrbtrader> Be sluggish on any retracement
[09:54:14] <wrbtrader> Simply, I'm looking for a WRB pt2 on these remaining 10 contracts
[09:54:32] <wrbtrader> :(
[10:00:57] <wrbtrader> Covered all Emini ES Short @ 1906.25 --> + 0.5
[10:03:33] <wrbtrader> Emini ES futures has retested the lows back on September 4th
[10:04:04] <wrbtrader> I was eyeballing those lows since yesterday...I thought it would get it yesterday but it didn't
[10:07:56] <wrbtrader> Shorts Emini ES @ 1906.25 -> large size
[10:08:01] <wrbtrader> re-entry
[10:08:08] <wrbtrader> 10 contracts
[10:08:19] <wrbtrader> A little choppy in here
[10:08:28] <wrbtrader> reason why I lowered my size
[10:09:17] <wrbtrader> Covered all Emini ES Short @ 1907.75 --> - 1.5
[10:11:32] <wrbtrader> Shorts Emini ES @ 1908.75 -> large size
[10:11:41] <wrbtrader> 10 contracts
[10:11:56] <wrbtrader> intuition and inside the range of a prior trade signal
[10:13:34] <wrbtrader> Covered all Emini ES Short @ 1907.75 --> + 1
[10:13:48] <wrbtrader> shallow WRB pt1 reached
[10:14:02] <wrbtrader> still an early exit
[10:14:13] <wrbtrader> goal was a WRB pt2
[10:14:20] <wrbtrader> The chop spooked me out early
[10:17:54] <wrbtrader> Shorts Emini ES @ 1907.25 -> large size
[10:18:01] <wrbtrader> re-entry
[10:18:51] <wrbtrader> trying to snapback :(
[10:19:45] <wrbtrader> Covered all Emini ES Short @ 1906.25 --> + 1
[10:22:37] <wrbtrader> snapback back down
[10:22:43] <wrbtrader> A little crazy right now
[10:23:03] <wrbtrader> Shorts Emini ES @ 1903.00 -> large size
[10:23:04] <TradeSnake______> Long GC @ 1154.2
[10:23:18] <wrbtrader> 15 contracts
[10:23:23] <wrbtrader> volatility increasing
[10:24:42] <wrbtrader> Covered all Emini ES Short @ 1903.25 --> - 0.25
[10:26:01] <wrbtrader> Shorts Emini ES @ 1902.75 -> large size
[10:26:13] <wrbtrader> re-entry
[10:33:21] <TradeSnake______> Covered GC @ 1154.3 --> +0.1
[10:33:26] <wrbtrader> Covered all Emini ES Short @ 1904.75 --> - 2
[10:35:59] <wrbtrader> Shorts Emini ES @ 1903.00 -> large size
[10:36:05] <wrbtrader> re-entry
[10:36:44] <wrbtrader> similar price action as the prior two trades...both losers
[10:37:08] <wrbtrader> In hindsight, I could have exited both with small profit
[10:37:33] <wrbtrader> This is were the psychology stuff kicks in...
[10:38:48] <wrbtrader> Two prior losing trades in the same price action and now sitting on a small profit in the current trade.
[10:41:38] <wrbtrader> WRB pt1 reached
[10:43:43] <wrbtrader> Covered all Emini ES Short @ 1902.50 --> + 0.5
[10:43:59] <wrbtrader> pick pocketed on the trail :(
[10:45:01] <wrbtrader> somebody needed those contracts above 1902.00
[10:45:48] <jkarn> I saw that. It got to 1902.25 then immediately dropped 5 straight ticks.
[10:45:59] <wrbtrader> Shorts Emini ES @ 1900.75 -> large size
[10:46:06] <wrbtrader> re-entry again
[10:46:32] <wrbtrader> My entries are getting lower and lower (not a good sign because my profits are getting smaller)
[10:47:34] <wrbtrader> Covered all Emini ES Short @ 1900.75 --> 0
[10:47:42] <wrbtrader> snapback
[10:54:13] <wrbtrader> Shorts Emini ES @ 1900.25 -> large size
[10:54:28] <wrbtrader> 25 contracts
[10:57:06] <wrbtrader> Covered Emini ES Short @ 1900.00 --> + 0.25
[10:57:35] <wrbtrader> I went for it...didn't get what I wanted a _1.75
[11:00:44] <wrbtrader> :(
[11:01:10] <wrbtrader> Now in a price area I can't use
[11:01:30] <wrbtrader> Need for it too retrace back up or else my day is done
[11:01:31] <Corner> This wedge shaped PA scares me. I expect overshoot down and then up...
[11:05:22] <wrbtrader> retracements are not deep but choppy...
[11:05:34] <wrbtrader> Just enough to prevent re-entries or produce small profits
[11:06:19] <Corner> Long ES mini 1898
[11:13:13] <Corner> Exit all ES mini 1899 +1.0
[11:17:46] <Corner> Long ES mini 1901.25 re-entry
[11:31:19] <wrbtrader> There's that strange snapback...twice today now
[11:31:21] <lightenup> Short dow 15940
[11:31:32] <wrbtrader> down and then up
[11:32:02] <lightenup> Flat dow 15939
[11:32:06] <lightenup> +1
[11:42:02] <wrbtrader> Geessh...even with those strange crazy snapbacks...
[11:42:11] <wrbtrader> Darn thing is still range bound :(
[11:43:06] <wrbtrader> That's some major pick pocketing occuring in the Emini Futures.
[11:43:31] <wrbtrader> In the meanwhile, Gold GC futures still off the map (in the atmosphere up trend)
[11:52:20] <wrbtrader> I strongly believe that price action between 1125am - 1135am est was algo fighting each other
[11:53:01] <lightenup> It makes a lot of sence to me
[11:55:58] <wrbtrader> Here we go again :)
[11:56:18] <wrbtrader> strange snapback
[12:03:35] <wrbtrader> Long Emini ES @ 196.75 -> large size
[12:03:59] <wrbtrader> Long Emini ES @ 1906.75 -> large size
[12:04:08] <wrbtrader> corrected
[12:04:24] <wrbtrader> 10 contracts
[12:06:26] <wrbtrader> Exited all Emini ES Long @ 1908.75 --> + 2
[12:06:42] <wrbtrader> WRB pt1 reached
[12:27:44] <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.
[12:28:14] * ChanServ sets mode: +o wrbtrader
[12:30:12] <winmax60> long es@1908.75
[12:31:38] <Corner> Exit all ES mini 1912.25 +11.00
[12:31:43] <Corner> :-)
[12:31:44] <winmax60> exit@1910.75 +2
[12:31:48] <@wrbtrader> biggest volatility spike of the day in terms of its prior contracting volatility
[12:32:57] <@wrbtrader> Long Emini ES @ 1912.25 -> large size
[12:33:14] <@wrbtrader> 15 contracts
[12:33:46] <@wrbtrader> :(
[12:34:28] <@wrbtrader> Exited all Emini ES Long @ 1912.50 --> + 0.25
[12:34:38] <@wrbtrader> sidelines...will just watch awhile
[12:34:46] <@wrbtrader> Trade was an error
[12:42:17] <winmax60> long es@1912
[12:44:46] <winmax60> exit @1910.75 -1.25
[12:54:24] <winmax60> short es@1908.25
[12:55:23] <winmax60> exit @1907.25 +1
[14:07:06] <winmax60> long es@1908.25
[14:11:37] <winmax60> exit @ 1910.25 +2
[14:50:31] <@wrbtrader> Long Emini ES @ 1922.75 -> large size
[14:50:46] <lightenup> Volitity increasing with e minis trying to recover loss losses
[14:51:21] <@wrbtrader> Exited all Emini ES Long @ 1923.25 --> + 0.5
[14:51:36] <@wrbtrader> wow...
[14:51:58] <@wrbtrader> I had 4 no fills in that entire up movement
[14:52:22] <@wrbtrader> Two orders in particular were a full point above the current price and still no fill :(
[14:52:44] <@wrbtrader> meant...above the current price at the time the order was placed
[14:53:11] <@wrbtrader> scary
[14:54:11] <Corner> wrbtrader - I would ask the broker for explanation...
[14:54:55] <@wrbtrader> Its happen before...slow data
[14:55:39] <@wrbtrader> Long Emini ES @ 1923.00 -> large size
[14:55:52] <@wrbtrader> 15 contracts
[14:57:43] <@wrbtrader> Exited 2/3 Emini ES Long @ 1926.25 --> + 3.25
[14:57:56] <@wrbtrader> WRB pt1 reached
[14:58:18] <@wrbtrader> snapback :(
[14:59:09] <@wrbtrader> Exited Remainder Emini ES Long @ 1924.00 --> + 1
[14:59:45] <@wrbtrader> Most recent Up WRB Hidden GAP interval completely retraced
[15:05:30] <Corner> Short ES mini 1922.50
[15:10:01] <@wrbtrader> Big move up and now a big move back down
[15:10:15] <@wrbtrader> crazy price action
[15:10:16] <Corner> Exit all ES mini 1916.00 +6.50
[15:11:21] <@wrbtrader> Emini ES futures almost filled that big regular session gap
[15:11:49] <@wrbtrader> In fact, I was convince it would do so when it initially pushed higher on that volatility spike.
[15:14:07] <@wrbtrader> Long Emini ES @ 1918.25 -> large size
[15:14:29] <@wrbtrader> I'm just following Emini TF futures
[15:14:49] <@wrbtrader> 10+10 contracts
[15:16:35] <Corner> TF does it better
[15:16:42] <@wrbtrader> Exited 1/2 Emini ES Long @ 1919.25 --> + 1
[15:17:22] <@wrbtrader> Emini ES futures suddenly sluggish...not keeping up :(
[15:17:30] <@wrbtrader> forced me out of 1/2
[15:17:33] <@wrbtrader> :(
[15:18:00] <@wrbtrader> Exited Remainder Emini ES Long @ 1918.75 --> + 0.5
[15:18:10] <@wrbtrader> :(
[15:18:49] <@wrbtrader> I would'uv held longer had Emini ES acted as if it could keep pace with the others
[15:19:21] <Corner> Long ES mini 1919.75
[15:20:10] <@wrbtrader> Long Emini ES @ 1921.00 -> large size
[15:20:21] <@wrbtrader> 10 contracts
[15:21:19] <Corner> Exit all ES mini 1923.00 + 3.25
[15:21:25] <@wrbtrader> WRB pt1 reached
[15:25:41] <@wrbtrader> Exited all Emini ES Long @ 1921.50 --> + 0.5
[15:26:58] <@wrbtrader> Long Emini ES @ 1922.50 -> large size
[15:27:27] <@wrbtrader> 15 contracts
[15:28:32] <@wrbtrader> Exited all Emini ES Long @ 1923.00 --> + 0.5
[15:28:38] <@wrbtrader> I ignored a counter-trend trade (Short)
[15:29:01] <@wrbtrader> Long pick pocketed in that crazy chop
[15:29:18] <@wrbtrader> Price action strange again...
[15:29:59] <@wrbtrader> It behaves as if someone needs a lot of contracts to do what it needs to do and chops around like crazy until it gets them and then suddenly it spikes directional
[15:30:06] <@wrbtrader> Its been doing this all year
[15:30:38] <@wrbtrader> Oddly, Emini ES futures is one of the most liquid trading instruments out there.
[15:30:47] <@wrbtrader> Thus, it shouldn't be acting like that
[15:31:53] <Corner> wrbtrader - most liquid market, but biggest players as well...
[15:33:18] <@wrbtrader> Shorts Emini ES @ 1923.25 -> large size
[15:33:41] <@wrbtrader> 2nd time that signal appeared
[15:33:49] <@wrbtrader> not going to ignore it this time
[15:34:41] <@wrbtrader> Covered all Emini ES Short @ 1922.75 --> + 0.5
[15:34:55] <@wrbtrader> fighting too much to stay up
[15:35:47] <@wrbtrader> Shorts Emini ES @ 1922.25 -> large size
[15:35:55] <@wrbtrader> re-entry
[15:36:07] <@wrbtrader> 15 contracts
[15:36:26] <lightenup> Short ym 16102
[15:37:32] <@wrbtrader> Covered all Emini ES Short @ 1922.25 --> 0
[15:37:36] <@wrbtrader> :(
[15:38:38] <lightenup> Flat ym 16098 +4
[15:39:03] <@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
[15:39:04] <Corner> Short ES mini 1921.50
[15:40:51] <Corner> Exit all ES mini 1920.25 +1.25
[15:59:02] <@wrbtrader> Long Emini ES @ 1923.50 -> large size
[15:59:30] <@wrbtrader> 15 contracts
[16:00:16] <@wrbtrader> Exited all Emini ES Long @ 1922.75 --> - 0.75
[16:00:25] <@wrbtrader> snapback
[16:00:52] <@wrbtrader> Long Emini ES @ 1922.25 -> large size
[16:01:21] <@wrbtrader> re-entry
[16:02:07] <@wrbtrader> Exited all Emini ES Long @ 1920.75 --> - 1.5
[16:02:42] <@wrbtrader> repeat of yesterday's snapback
[16:03:04] <@wrbtrader> Stayed rangebound too
[16:04:41] <@wrbtrader> Eminis stayed inside that regular session gap the latter part of today
[16:04:49] <@wrbtrader> Take care all and see all tomorrow
[21:32:45] * Disconnected
Session Close: Thu Sep 24 21:32:45 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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