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 Post subject: October 15th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Oct 17, 2015 5:56 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:
101515-Key-Price-Action-Markets.png
101515-Key-Price-Action-Markets.png [ 1.12 MiB | Viewed 271 times ]

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

Session Start: Thu Oct 15 09:26:26 2015
Session Ident: ##TheStrategyLab
[09:26:26] * Now talking in ##TheStrategyLab
[09:26:26] * 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'
[09:26:26] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:26:27] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:34:22] <wrbtrader> Shorts Emini ES @ 1992.50 -> large size
[09:34:33] <wrbtrader> 20 contracts and for the next several trades
[09:35:58] <wrbtrader> Covered all Emini ES Short @ 1993.50 --> - 1
[09:36:23] <lightenup1> Short tf 1137.00
[09:36:40] <wrbtrader> Shorts Emini ES @ 1993.25 -> large size
[09:36:52] <wrbtrader> re entry
[09:37:12] <lightenup1> flat tf 1138.50 -1.5
[09:38:15] <wrbtrader> Covered all Emini ES Short @ 1993.25 --> 0
[09:39:26] <wrbtrader> Shorts Emini ES @ 1993.75 -> large size
[09:39:47] <wrbtrader> re-entry
[09:40:20] <wrbtrader> Shorts Emini ES @ 1994.00 -> Add
[09:40:30] <wrbtrader> 10 added
[09:43:31] <wrbtrader> Covered Emini ES Short @ 1995.50 --> - 3.25
[09:44:12] <wrbtrader> Covered Remainder Emini ES Short @ 1996.25 --> - 2.5
[09:47:33] <wrbtrader> Shorts Emini ES @ 1996.50 -> large size
[09:47:46] <wrbtrader> re-entry
[09:52:08] <patrader> KME in a few minutes at 10 AM EST
[09:52:32] <wrbtrader> Covered all Emini ES Short @ 1994.25 --> + 2.25
[09:52:55] <wrbtrader> not a WRB pt1
[09:54:08] <wrbtrader> Shorts Emini ES @ 1993.00 -> large size
[09:54:21] <wrbtrader> re-entry
[09:57:57] <wrbtrader> Covered all Emini ES Short @ 1993.00 --> 0
[09:58:44] <Tigerman_> gm all
[09:58:54] <Tigerman_> I see sell pressure
[09:59:04] <wrbtrader> Shorts Emini ES @ 1993.75 -> large size
[09:59:11] <Tigerman_> on ES but did some nasty short
[09:59:27] <wrbtrader> re-entry
[10:03:36] <wrbtrader> Back to where I started...the 1992 price area
[10:03:49] <wrbtrader> scary
[10:05:17] <wrbtrader> Covered all Emini ES Short @ 1993.00 --> + 0.75
[10:06:26] <wrbtrader> Price action tries hard to stall or contract and then it "suddenly" expands like out of nowhere
[10:06:31] <wrbtrader> only one thing can do that
[10:08:51] <wrbtrader> Shorts Emini ES @ 1993.75 -> large size
[10:08:59] <wrbtrader> re-entry
[10:09:18] <wrbtrader> It just did it again but to the downside
[10:10:06] <wrbtrader> Covered all Emini ES Short @ 1994.00 --> - 0.25
[10:10:07] <Tigerman_> yeah rubberbund action
[10:10:21] <Tigerman_> cause some soll
[10:10:25] <Tigerman_> loss
[10:10:48] <Tigerman_> no free to develop a good directional
[10:11:37] <TradeSnake______> Long GC @ 1184.3
[10:11:38] <Tigerman_> 06 <wrbtrader> only one thing can do that what your opinion Fed or Hft or what esles ?
[10:11:53] <wrbtrader> HFT or algs
[10:11:56] <wrbtrader> or both
[10:12:34] <wrbtrader> Emini TF futures at a certain level now...I'm not longer bearish
[10:14:35] <wrbtrader> Long Emini ES @ 1997.00 -> large size
[10:14:49] <wrbtrader> :(
[10:15:19] <Tigerman_> wrbtrader... one thing to note LOW liquidity!!
[10:15:43] <Tigerman_> simply a medium order can clear some levels of book easy these days
[10:19:16] <wrbtrader> Exited all Emini ES Long @ 1997.00 --> 0
[10:22:05] <TradeSnake______> Covered GC @ 1182.8 --> -1.5
[10:22:09] <wrbtrader> Shorts Emini ES @ 1996.00 -> large size
[10:22:21] <wrbtrader> 20 contracts
[10:23:40] <wrbtrader> Emini TF futures a little below that S area of the Down WRB HG of 1400pm - 1405pm est FED Beige Book
[10:23:50] <wrbtrader> from yesterday
[10:24:00] <wrbtrader> That's what I'm keying off...
[10:24:17] <wrbtrader> I'm bearish when its below and I'm bullish when its above taht S area
[10:24:26] <wrbtrader> 5min chart
[10:27:04] <wrbtrader> Covered all Emini ES Short @ 1994.75 --> + 1.25
[10:29:45] <wrbtrader> Price action behaving as if the Beige Book price action is still there
[10:42:22] <patrader> ES trying to fill the WRB HG from 8:30 this morning
[10:42:25] <patrader> 5 min chart
[10:43:04] <Tigerman_> Spy breaks today s high
[10:54:47] <patrader> CL KME in 5 min.
[10:59:23] <Tigerman_> Oil news right now
[11:08:46] <Tigerman_> take care
[12:10:40] <wrbtrader> Shorts Emini ES @ 1993.25 -> large size
[12:10:51] <wrbtrader> 15 contracts
[12:15:25] <wrbtrader> Covered all Emini ES Short @ 1994.00 --> - 0.75
[12:25:23] <wrbtrader> Long Emini ES @ 1997.00 -> large size
[12:28:01] <wrbtrader> :(
[12:29:37] <wrbtrader> Exited all Emini ES Long @ 1997.50 --> + 0.5
[12:32:19] <wrbtrader> Yesterday's FED Beige Book price action range has had a big impact on today's price action
[12:43:48] <wrbtrader> Long Emini ES @ 1997.00 -> large size
[12:43:57] <wrbtrader> 10+5 contracts
[12:45:28] <wrbtrader> Exited all Emini ES Long @ 1999.25 --> + 2.25
[12:45:39] <wrbtrader> WRB pt1 reached
[12:46:09] <wrbtrader> That's the first time today that the strange price stall to price spike has went in my favor to a WRB pt1
[12:46:17] <wrbtrader> tough trading today so far
[12:57:02] <wrbtrader> Long Emini ES @ 1999.25 -> large size
[12:59:38] <wrbtrader> Exited all Emini ES Long @ 1999.25 --> 0
[12:59:50] <wrbtrader> :(
[13:00:15] <wrbtrader> Its been doing that most of the trading day...
[13:00:49] <wrbtrader> Looks calm while moving and then it just snaps back n forth...you then just want out of it
[13:01:56] <wrbtrader> It did the same for a few days after the FOMC Rate Announcement day just as it did yesterday after the FED Beige Book
[13:05:47] <wrbtrader> volatility spike growing again
[13:11:14] <wrbtrader> Long Emini ES @ 2002.75 -> large size
[13:13:21] <wrbtrader> Long Emini ES @ 2002.50 -> large size
[13:13:39] <wrbtrader> that's an add
[13:14:18] <wrbtrader> Exit 1/2 Emini ES futures @ 2002.50
[13:14:21] <wrbtrader> breakeven
[13:15:36] <wrbtrader> Exit remainder Emini ES futures @ 2002.75 breakeven on remainder
[13:16:27] <wrbtrader> Its in a 3 tick range...I try to add in the middle of that range
[13:16:40] <wrbtrader> just snapped around again
[13:18:08] <wrbtrader> Long Emini ES @ 2003.50 -> large size
[13:18:44] <wrbtrader> Emini TF futures trying to get in sync again and its doing the snapback :(
[13:19:19] <wrbtrader> crazy price action
[13:20:42] <wrbtrader> Exited all Emini ES Long @ 2003.00 --> - 0.5
[13:21:29] <wrbtrader> Long Emini ES @ 2003.00 -> large size
[13:22:33] <wrbtrader> Emini TF and Emini NQ futures trying again
[13:27:05] <wrbtrader> Exited all Emini ES Long @ 2005.25 --> + 2.25
[13:27:20] <wrbtrader> WRB pt1 reached
[13:28:13] <wrbtrader> I'm just buying those intervals that snapback up after a down snapback
[13:29:11] <wrbtrader> tough way to get Long because of the price behavior of the snapback (stressful)
[13:33:22] <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.
[13:39:40] <wrbtrader> Long Emini ES @ 2006.00 -> large size
[13:39:49] <wrbtrader> 10 contracts
[13:39:51] <wrbtrader> :(
[13:39:54] <wrbtrader> problem entry
[13:41:31] <wrbtrader> Exited all Emini ES Long @ 2005.25 --> - 0.75
[13:42:12] <wrbtrader> snapback down
[13:46:30] <wrbtrader> Long Emini ES @ 2004.50 -> large size
[13:47:05] <wrbtrader> Long that push back up into the range of the most recent snapback down...
[13:47:33] <wrbtrader> I just don't like the fact that Emini TF futures is not insync with others to help ES
[13:48:12] <wrbtrader> size down to 10 contracts because there's a lot more contracting intervals now
[13:52:26] <wrbtrader> Exited all Emini ES Long @ 2004.50 --> 0
[13:53:03] <wrbtrader> several of those types of breakeven trades...dump it to get ready for the next snapback
[13:53:24] <wrbtrader> Hopefully at a lower price entry than the prior trade
[13:54:59] <wrbtrader> Long Emini ES @ 2005.00 -> large size
[13:55:14] <wrbtrader> re-entry
[13:56:52] <wrbtrader> Exited all Emini ES Long @ 2006.00 --> + 1
[13:57:04] <wrbtrader> not a WRB pt1
[13:57:56] <wrbtrader> I just wanted out of that trade...got a little lost in the woods on this trade and the prior two trades involving that problem entry
[14:01:22] <wrbtrader> Emini TF futures took off...it had more volatility than the other Emini futures
[14:02:00] <wrbtrader> Emini ES futures struggling now
[14:02:15] <wrbtrader> lets see if it stalls and then snapback down
[14:02:37] <wrbtrader> If it does...hopefully to like 2006 price area
[14:10:33] <patrader> have a good rest of the day all
[14:14:03] <wrbtrader> :(
[14:14:20] <wrbtrader> took a quick break and missed the 2006 price area snapback :(
[14:14:41] <wrbtrader> At least the volatility is still trying...
[14:14:52] <wrbtrader> Will wait for the next snapback
[14:15:16] <wrbtrader> FYI - These snapbacks have different price behaviors than a typical price pullback
[14:16:07] <wrbtrader> The snapbacks are sudden and can travel easily through price levels on large size or small size contracts
[14:16:20] <wrbtrader> They are very choppy within but fast
[14:28:18] <wrbtrader> Emini ES futures pulled back without any snapback behavior
[14:34:02] <wrbtrader> Long Emini ES @ 2009.00 -> large size
[14:34:18] <wrbtrader> 10 contracts
[14:38:07] <wrbtrader> Exited all Emini ES Long @ 2010.25 --> + 1.25
[14:38:26] <wrbtrader> WRB pt1 reached
[14:42:47] <wrbtrader> crazy...just keeps pushing higher
[14:45:22] <wrbtrader> There's still enough time in the trading day for this price action in Emini ES futures to take out Tuesday's highs
[14:45:47] <wrbtrader> Heck even Crude Oil CL futures on fire again...pushing higher
[14:46:04] <wrbtrader> Starting to feel like trading days prior to 2008
[14:47:15] <wrbtrader> Eminis snapback Down
[14:54:20] <wrbtrader> Long Emini ES @ 2011.25 -> large size
[14:54:35] <wrbtrader> 20 contracts
[14:57:18] <wrbtrader> Exited 1/2 Emini ES Long @ 2012.50 --> + 1.25
[14:57:26] <wrbtrader> WRB pt1 reached
[15:00:41] <wrbtrader> Exited Remainder Emini ES Long @ 2011.75 --> + 0.5
[15:01:01] <wrbtrader> snapback Down after the snapback Up
[15:03:07] <wrbtrader> Emini ES is a very liquid trading instruments...one of the most liquid trading instrument in the world amongst futures
[15:03:50] <wrbtrader> Yet, these snapbacks behave as if there's not enough supply in the system for purchase...\
[15:04:20] <wrbtrader> They then snap it back to gets as many contracts and then run it back up again
[15:04:52] <wrbtrader> Algos pick pocketing other Algos :)
[15:11:20] <lightenup1> wrbtrader thanks for all your comentary today
[15:19:17] <wrbtrader> You're welcome...
[15:19:38] <wrbtrader> It helps in the look back when I want to review what happen today
[15:21:01] <wrbtrader> Wow...another volatility spike
[15:23:08] <wrbtrader> snapback down
[15:23:58] <wrbtrader> The reviews help with my trading in the futures whenever similar like price actions occur again.
[15:24:12] <wrbtrader> This is something I can not get from "hindsight charts"
[15:28:52] <wrbtrader> Long Emini ES @ 2115.00 -> large size
[15:29:31] <wrbtrader> 15 contracts
[15:30:14] <wrbtrader> trade in trouble...
[15:30:18] <wrbtrader> volatility not showing up
[15:31:49] <wrbtrader> Exited all Emini ES Long @ 2115.25 --> + 0.25
[15:32:31] <wrbtrader> I gave it a chance but more contraction showed up...easily shaking me out :(
[15:33:29] <wrbtrader> Hopefully it snapback and gives me a second change up in this price area of 2014 - 2016
[15:34:59] <wrbtrader> snapback Down
[15:43:42] <wrbtrader> Emini ES futures in the range of a snapback that occurred around 1509pm est
[15:45:44] <wrbtrader> Long Emini ES @ 2013.75 -> large size
[15:46:27] <wrbtrader> 15 contracts
[15:46:55] <wrbtrader> Trade should be ok if the volatility doesn't contract
[15:50:09] <wrbtrader> Emini ES futures not following Emini TF volatility spike :(
[15:50:12] <wrbtrader> geeeesh
[15:52:20] <wrbtrader> It's been a long time since I've been in a trade like that where Emini TF surges strongly in a directional movement and Emini ES just sits there and goes southward for awhile
[15:54:05] <wrbtrader> Exited 2/3 Emini ES Long @ 2016.00 --> + 2.25
[16:00:54] <wrbtrader> Exited Remainder Emini ES Long @ 2016.00 --> + 2.25
[16:01:53] <wrbtrader> Wow...Emini ES futures looked like a mafia guys about to be thrown over the bridge into water weighted down with cement blocks :(
[16:01:57] <wrbtrader> Geeesh
[16:02:04] <wrbtrader> Take care all and see all tomorrow
[16:03:20] * Disconnected
Session Close: Thu Oct 15 16:03:20 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


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