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 Post subject: October 16th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Oct 17, 2015 5:57 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:
101615-Key-Price-Action-Markets.png
101615-Key-Price-Action-Markets.png [ 1.24 MiB | Viewed 300 times ]

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

Session Start: Fri Oct 16 09:06:52 2015
Session Ident: ##TheStrategyLab
[09:06:52] * Now talking in ##TheStrategyLab
[09:06:52] * 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'
[09:06:52] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:06:53] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:37:35] <Tigerman_> gm all
[09:38:19] <lightenup1> KME at 10:00 am
[09:46:37] <wrbtrader> Long Emini ES @ 2019.25 -> large size
[09:47:28] <wrbtrader> Exited all Emini ES Long @ 2019.25 --> 0
[09:47:45] <wrbtrader> There's that strange sudden chop...
[09:48:05] <wrbtrader> I'm now learning (adapting) that if it shows up as soon as I enter...just dump it
[09:48:42] <wrbtrader> Shorts Emini ES @ 2018.75 -> large size
[09:50:42] <wrbtrader> Covered all Emini ES Short @ 2018.75 --> 0
[09:52:22] <Tigerman_> price action is head south in slow and tight actio in e-minies
[09:52:27] <wrbtrader> will just wait to we get closer to the 1000am KME
[09:52:47] <Tigerman_> yeah hopefully Kme bring some vola
[09:53:06] <wrbtrader> Hopefully it will bring volatility into the market because the algos love the low volatility price action...it allows them to do what they want
[09:53:15] <wrbtrader> volatility spooks them
[09:53:36] <wrbtrader> Meant, they are not as efficient when volatility increases
[09:58:42] <wrbtrader> Price action less choppy now...just before the KME
[09:59:11] <Tigerman_> wrbtrader ...about algo and Hft do you never think about most quotes are gone so not still there when one trader try to trade too far from the exchange ?
[09:59:56] <Tigerman_> your location is still good enought for Cme traded instruments
[10:00:09] <wrbtrader> "too far" like someone living in Italy but trading something on the CME in Chicago ?
[10:00:56] <Tigerman_> exactly ,also still in US if too far
[10:01:01] <wrbtrader> Yeah, HFT or Algo are on macro-seconds...whatever we see as quotes no matter where we live...price isn't there anymore
[10:01:09] <Tigerman_> yeah
[10:01:37] <patrader> I live in Chicago
[10:01:45] <patrader> about a mile from the CME
[10:01:53] <wrbtrader> That's what those "fast quotes" chopping around in a small raange are doing...those are macro-second trades by the Algos
[10:01:53] <patrader> to the best of my knowledge, does me no good
[10:02:11] <Tigerman_> some folks calculated 70 % quotes are gone if you live in California x example
[10:02:13] <wrbtrader> along with those SUDDEN snapbacks
[10:03:32] <Tigerman_> yeah I have seen some report charts that show about 1500 trades in 300ms in SPY some days ago
[10:03:44] <Tigerman_> crazy !!
[10:04:42] <Tigerman_> yeah patrader your location is good x Cme
[10:04:54] <Tigerman_> a bit less x dax
[10:05:14] <wrbtrader> Some of the world's top traders live nearby the exchange of their primary trading products
[10:05:25] <patrader> it is but I'm not sure it really does anything for me
[10:05:39] <wrbtrader> It only makes sense especially in today's Algo competition era
[10:05:52] <patrader> i guess i can't really tell because i've never traded from a different location
[10:06:04] <wrbtrader> I have...there's a difference
[10:06:26] <patrader> good to know
[10:06:35] <wrbtrader> I've traded the Emini futures from Seattle, Chicago, Montreal, Quebec City, Seoul Korea and Paris France.
[10:06:35] <Tigerman_> yeah simply trading manual require using higher chart ..off from algo radar
[10:07:04] <wrbtrader> Further away, there's a slight delay...just small enough to notice
[10:07:17] <wrbtrader> How do you notice ?
[10:07:23] <wrbtrader> Place your orders...
[10:07:34] <wrbtrader> I get more no fills the further I'm away
[10:07:50] <Tigerman_> the issue is that delay give you quotes not there anymore
[10:08:11] <wrbtrader> Sometimes i place a fast order a few ticks away from the current price...
[10:08:29] <wrbtrader> It doesn't get fill even though the price tick through your order price
[10:08:55] <Corner> From Europe to CME the delay is 25ms, 2x make 50ms
[10:09:04] <wrbtrader> The issue is that I SEE that it tick through my order but the reality is that it had already tick through that price before I placed my order
[10:09:54] <wrbtrader> I may be in France for about 2 weeks before Christmas...
[10:10:00] <Tigerman_> yeah I have that issue expecially in fast volatility moves
[10:10:18] <wrbtrader> I'm going to do some ping tests to my broker and compare to the ping tests I currently have
[10:10:50] <wrbtrader> I will do the same to the CME and ICE exchange location
[10:10:59] <Tigerman_> 8 <Corner> From Europe to CME the delay is 25ms, 2x make 50ms corner that seems very optimistic
[10:11:45] <Corner> Tigerman - my PING to CME
[10:11:56] <TradeSnake______> Short GC @ 1180.8
[10:12:19] <Tigerman_> corner what do you ping as adress or server
[10:12:38] <Corner> cme.com
[10:12:54] <Tigerman_> another issue is broker server
[10:13:02] <wrbtrader> I also have more trades now in the past few years where I say to myself...if I had just waited one more second...I could have gotten a 2 - 4 tick better entry price.
[10:14:15] <patrader> I just did a ping to CME out of curiousity
[10:14:20] <patrader> I get 16 ms
[10:15:08] <Corner> patrader - where do you come from?
[10:15:13] <wrbtrader> Horrible price action so far in the Emini Futures
[10:15:23] <patrader> Chicago
[10:15:38] <wrbtrader> Emini NQ futures and Emini ES futures the worst of the bunch so far
[10:15:47] <Corner> That's definitely close than Germany...
[10:15:52] <Corner> closer
[10:16:14] <patrader> to my broker (AMP)'s website I get 38 ms
[10:16:28] <patrader> I live within a mile of both the CME and my broker
[10:16:43] <patrader> surprised the lag is that much more to my broker
[10:17:16] <Corner> There can be other reasons for the delay.
[10:17:31] <Corner> Steaming quotes might be quicker
[10:17:48] <Tigerman_> I just did a ping test..
[10:18:22] <Corner> Feels like the first tests of the guys in the book Flash Boys... :-)
[10:18:25] <Tigerman_> Cme site give me 17ms ummm
[10:19:08] <Tigerman_> I expected higher ,instead seems very good
[10:19:22] <patrader> so the extra thousand or so miles I live closer than you buys me 1ms?
[10:19:44] <Tigerman_> unless is a different site I pinged Cme.com
[10:19:56] <patrader> that's what i did too
[10:20:20] <Corner> More than that.
[10:20:43] <Corner> Speed of light is 300km/sec
[10:21:30] <Corner> So 8000km is around 26 ms
[10:22:05] <Tigerman_> yeah but my optical fiber is faster :)
[10:22:16] <Tigerman_> faster then light
[10:22:31] <Corner> You should patent it :-)
[10:22:44] <patrader> you have a fiber connection?
[10:22:50] <patrader> i'm jealous
[10:23:36] <Corner> Short CL 46.35
[10:25:46] <Corner> Exit all CL 46.25 +0.10
[10:26:31] <wrbtrader> Shorts Emini ES @ 2016.00 -> large size
[10:26:45] <wrbtrader> 10+5 contracts
[10:27:29] <wrbtrader> I now see my error :(
[10:29:06] <wrbtrader> volatility is dead
[10:31:58] <wrbtrader> Covered 1/3 Emini ES Short @ 2015.75 --> + 0.25
[10:32:40] <wrbtrader> lowering my risk with the increasing contraction in the volatility that's now increasing the chance the algo crap will soon show up
[10:34:07] <wrbtrader> Also, Emini ES has been sluggish since yesterday afternoon in comparison to movements in the Emini TF futures
[10:34:20] <wrbtrader> I'm hoping that continues this morning especially in this trade
[10:35:33] <wrbtrader> So far today...Crude Oil CL futures has been the best action of the day
[10:39:09] <TradeSnake______> Stopped on GC @ 1183.7 --> -2.9
[10:39:50] <wrbtrader> Emini ES futures back inside the range of its most recent Down WRB HG interval 1min chart
[10:42:07] <wrbtrader> Surprisingly, no snapbacks
[10:47:14] <wrbtrader> Covered all Emini ES Short @ 2018.25 --> - 2.25
[10:48:52] <wrbtrader> Long Emini ES @ 2019.00 -> large size
[10:49:47] <wrbtrader> Emini ES futures near the S area of that prior bad price action that soon developed around 0945am est
[10:50:01] <wrbtrader> 15 contracts
[10:50:54] <wrbtrader> snapback...first one of the day
[10:54:48] <wrbtrader> Exited all Emini ES Long @ 2019.00 --> 0
[10:55:17] <wrbtrader> early exit
[10:56:06] <Tigerman_> corner... I just did a serious Ping test
[10:56:27] <Tigerman_> I mean a Real connection to Chicago
[10:56:43] <Tigerman_> I have 140ms back and forth
[10:57:46] <Tigerman_> I think it is very good
[10:58:16] <Tigerman_> so your 50ms seems refer a wrong site
[11:09:07] <wrbtrader> VIX getting lower :(
[11:11:53] <wrbtrader> Long Emini ES @ 2020.75 -> large size
[11:13:10] <Tigerman_> lg ES 2020.25
[11:14:50] <Tigerman_> Iexit all 19.75 -2 tk
[11:19:30] <Tigerman_> lg es 2020.50 re-entry
[11:21:11] <Tigerman_> exit 2/3 2021 +2tk
[11:21:16] <wrbtrader> Exited all Emini ES Long @ 2021.00 --> + 0.25
[11:21:38] <wrbtrader> Emini ES has much more patience today than I do
[11:22:36] <Tigerman_> exit rem 1/3 2020.75 +1tk
[11:25:59] <lightenup1> E mini tf testing testing the support of the 9:30 Opening DWRB
[11:30:58] <wrbtrader> Shorts Emini ES @ 2019.50 -> large size
[11:31:09] <wrbtrader> 10 contracts
[11:31:37] <wrbtrader> VIX is getting lower
[11:31:53] <wrbtrader> It may go into the upper 15s
[11:33:28] <wrbtrader> Covered all Emini ES Short @ 2020.00 --> - 0.5
[11:36:51] <wrbtrader> Shorts Emini ES @ 2019.50 -> large size
[11:37:00] <wrbtrader> re-entry
[11:42:57] <wrbtrader> Emini TF trying hard to push lower...Emini ES trying hard not to give up any ground
[11:43:25] <wrbtrader> I remember this type of price action yesterday into the 4pm est rush hour traffic but going upwards
[11:47:49] <wrbtrader> Covered all Emini ES Short @ 2020.25 --> - 0.75
[11:52:18] <wrbtrader> Long Emini ES @ 2021.50 -> large size
[12:00:13] <patrader> TF filling in the most recent WRB HG down on the 5 min chart
[12:00:43] <wrbtrader> Exited all Emini ES Long @ 2022.50 --> + 1
[12:01:57] <wrbtrader> VIX still on a slow decline
[12:02:07] <Corner> Good news for Tigerman. There will be a mini DAX Future from October 28th...
[12:04:34] <Tigerman_> ah good to know I only fear can be less liquid then Big brother,but maybe can be more traded and attract more people because less size
[12:05:24] <Tigerman_> so in contrast more liquid and less spread
[12:07:41] <Corner> I guess it will attract many traders and be very liquid
[12:08:13] <Tigerman_> I read now the Eurex paper 5€ at point so around 50K€ size
[12:08:40] <Tigerman_> yeah can prompt people scared of Big brother
[12:09:17] <Tigerman_> I wait for that date :)
[12:09:37] <Corner> It will be easier to manage the position
[12:11:08] <Corner> Short CL 47.22
[12:14:09] <Corner> TF testing LOD
[12:17:20] <Corner> Exit all CL 47.12 +0.10
[12:41:40] <wrbtrader> volatility slowly increasing\
[12:42:33] <wrbtrader> Shorts Emini ES @ 2017.00 -> large size
[12:46:08] <wrbtrader> Covered all Emini ES Short @ 2016.25 --> + 0.75
[12:46:20] <wrbtrader> WRB pt1 reached
[12:49:10] <wrbtrader> Emini ES trying hard to do a snapback
[12:49:38] <wrbtrader> VIX back above 16
[12:50:12] <wrbtrader> Overall...still a sideways range trading day
[12:50:32] <wrbtrader> via the 5min chart
[12:56:34] <patrader> take care all have a great weekend
[12:59:15] <wrbtrader> So far today...volatility dries up very fast after volatility shows up
[12:59:48] <wrbtrader> That makes it extremely difficult or impossible to catch a profitable trader greater than a WRB pt1
[13:06:02] <lightenup1> TF once again just tested suport of the down WRBHG at 12:10 2 3 & 5 min chart
[13:06:30] <lightenup1> With contracting volitity
[13:08:17] <wrbtrader> volatility trying hard to increase again
[13:09:09] <wrbtrader> Emini ES yesterday and today having a ton of problems keeping up with Emini TF volatility movements
[13:12:30] <Corner> Maybe volatility is around the corner http://www.wsj.com/articles/u-s-could-r ... 1444914166
[13:34:53] <Tigerman_> take care all have a safe weekend all and see all next week
[13:58:45] <wrbtrader> Shorts Emini ES @ 2015.00 -> large size
[14:00:39] <wrbtrader> Covered all Emini ES Short @ 2014.00 --> + 1
[14:00:52] <wrbtrader> WRB pt1 reached
[14:02:20] <wrbtrader> Shorts Emini ES @ 2013.75 -> large size
[14:02:28] <wrbtrader> re-entry
[14:02:40] <wrbtrader> I'm still at 10 contracts
[14:02:56] <wrbtrader> for the position sizes this afternoon
[14:04:10] <wrbtrader> Covered all Emini ES Short @ 2013.00 --> + 0.75
[14:04:35] <wrbtrader> too bad I couldn't hold that one longer...got a little lost in the trade
[14:11:56] <wrbtrader> volatility drying up again after a decent duration of increasing
[14:14:08] <wrbtrader> volatility spiking again
[14:16:20] <wrbtrader> Long Emini ES @ 2016.00 -> large size
[14:16:40] <wrbtrader> 15 contracts
[14:23:14] <wrbtrader> Exited all Emini ES Long @ 2015.75 --> - 0.25
[14:23:30] <wrbtrader> strange price stall @ 2016
[14:24:29] <wrbtrader> :(
[14:25:37] <wrbtrader> Long Emini ES @ 2017.25 -> large size
[14:25:50] <wrbtrader> It just did it again
[14:26:02] <wrbtrader> @ 2017.25
[14:26:13] <wrbtrader> volatility surge
[14:27:01] <wrbtrader> price stall 2018.00
[14:36:01] <wrbtrader> Exited all Emini ES Long @ 2019.25 --> + 2
[14:36:21] <wrbtrader> WRB pt1 reached
[14:36:37] <wrbtrader> This price action is very similar like yesterday's ending
[14:37:06] <wrbtrader> Emini TF futures seems to be the culprit
[14:40:13] <wrbtrader> price stall 2020
[14:41:41] <wrbtrader> Emini futures have now retested or gotten above a major congestion area high of 1520 pm est
[14:43:48] <wrbtrader> Long Emini ES @ 2021.00 -> large size
[14:44:09] <wrbtrader> 15 contracts
[14:46:14] <wrbtrader> Exited all Emini ES Long @ 2022.00 --> + 1
[14:46:31] <wrbtrader> shallow WRB pt1 reached
[14:46:54] <wrbtrader> unfortunately I need to call it quits early today
[14:47:18] <wrbtrader> Thus, can't hang around to see if this up movement and stalls continues like it did yesterday
[14:47:34] <wrbtrader> Take care all, have a nice weekend and see all on Monday
[14:47:51] <lightenup1> Have a good weekend as well
[14:47:57] <winmax60> thanks wrbtrader...have a great weekend
[20:28:15] * Disconnected
Session Close: Fri Oct 16 20:28:15 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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