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 Post subject: December 8th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Dec 08, 2015 7:36 pm 
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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:
120815-Key-Price-Action-Markets.png
120815-Key-Price-Action-Markets.png [ 1.19 MiB | Viewed 173 times ]

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

Session Start: Tue Dec 08 09:23:06 2015
Session Ident: ##TheStrategyLab
[09:23:06] * Now talking in ##TheStrategyLab
[09:23:06] * 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'
[09:23:06] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:23:07] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:16] <wrbtrader> Huge price UP movement in Gold GC futures while Crude Oil CL futures is trying to find some support after a huge down movement
[09:32:34] <wrbtrader> Shorts Emini ES @ 2055.25 -> large size
[09:32:44] <wrbtrader> 20 contracts
[09:33:03] <wrbtrader> big volatility in many different key markets
[09:33:20] <wrbtrader> Even the Emini futures had a big overnight movement...
[09:34:04] <wrbtrader> I'm hoping there's enough juice left in the opening morning first 15 minutes of the regular trading session
[09:37:32] <wrbtrader> Covered all Emini ES Short @ 2052.00 --> + 3.25
[09:38:13] <wrbtrader> WRB pt1 was reached @ 2053.75
[09:38:57] <wrbtrader> I held on a little longer because I was hoping that volatility would show up to push it lower in one of those fast price movements we've been seeing the past 3 trading days...
[09:39:01] <wrbtrader> It didn't happen
[09:46:39] <wrbtrader> Long Emini ES @ 2060.25 -> large size
[09:46:49] <wrbtrader> 10 contracts
[09:48:13] <wrbtrader> fast price action showed up but its full of chop :(
[09:48:47] <wrbtrader> Exited all Emini ES Long @ 2061.75 --> + 1.5
[09:48:57] <wrbtrader> early exit
[09:49:04] <wrbtrader> not a WRB pt1
[09:49:17] <wrbtrader> That chop got too scary for me
[09:49:52] <wrbtrader> Chops like that are tough because its not sideways...
[09:50:12] <wrbtrader> It like 3 ticks up...2 ticks down...3 ticks up...2 ticks down...
[09:50:22] <wrbtrader> I call that algo movement
[09:50:23] <BobC____> CL really choppy, then instant run, then chop....
[09:51:58] <wrbtrader> I will be surprise if Crude Oil CL futures retraces back upwards that big down movement
[09:52:19] <wrbtrader> Shorts Emini ES @ 2058.75 -> large size
[09:52:28] <wrbtrader> 10 contracts
[09:52:39] <BobC____> some event will trigger the move up.... oil field bomb or something
[09:53:41] <BobC____> i caught a nice short from 3773 down to 25 this AM.... then a lot of chop since open
[09:55:02] <wrbtrader> Covered all Emini ES Short @ 2060.25 --> - 1.5
[09:55:35] <wrbtrader> Shorts Emini ES @ 2058.50 -> large size
[09:55:49] <wrbtrader> There's that fast pace chop again
[09:56:12] <wrbtrader> seems like it has a 2 point range
[09:56:34] <wrbtrader> large enough to cause a ton of problems
[09:56:55] <Lightenup1> All the money was taken from my accout so they have let me trade on Sim. Hope they can get my money back soon.
[09:57:32] <wrbtrader> Was there a lack of security on their side or did they not follow their own security protocols ???
[09:57:48] <wrbtrader> If so, the fault is there's
[09:58:01] <wrbtrader> something you'll have to prove :(
[10:00:37] <wrbtrader> Covered all Emini ES Short @ 2056.50 --> + 2
[10:00:44] <Lightenup1> They said that they followed their protocalls. They just relied on e mail. They thing that I find hard to belive is that the account was used every day for trading. Why would they not call and ask why I wanted to take all my money out.
[10:00:49] <wrbtrader> WRB pt1 reached
[10:01:06] <wrbtrader> around 2056.00
[10:01:47] <wrbtrader> Some brokers have horrible security
[10:01:50] <wrbtrader> For example...
[10:02:19] <wrbtrader> I had a broker that if I logged onto the website and into my account...I had to go thru 3 security steps.
[10:02:42] <Lightenup1> This was Trans Act Futures
[10:02:46] <wrbtrader> In contrast, if I called them...they ask a stupid simple security question...
[10:03:01] <wrbtrader> "What's your social number" ???
[10:03:34] <wrbtrader> That's it...they would then give me access to anything involving my account including transfering funds, change of address...anything via a simple phone call
[10:03:37] <BobC____> Wow lighten.... did someone steal it???where is the accnt??
[10:04:29] <wrbtrader> My point...anyone going thru your garbage at night and then gets a hold of your security number while finding out whom your broker or bank is...
[10:04:38] <wrbtrader> They'll have access to everything :(
[10:04:55] <wrbtrader> In contrast, the website security is great
[10:05:19] <wrbtrader> My point...maybe the hacker did what he/she did via a phone call...nothing to do with the website.
[10:05:36] <wrbtrader> something to consider
[10:07:11] <wrbtrader> Shorts Emini ES @ 2058.50 -> large size
[10:07:18] <wrbtrader> 10 contracts
[10:07:59] <wrbtrader> Covered all Emini ES Short @ 2058.25 --> + 0.25
[10:08:15] <wrbtrader> that was a nasueating trade :(
[10:08:45] <wrbtrader> chop everywhere and fast moving in a 2 point range
[10:12:38] <Lightenup1> It appears they hacked my e mail. Next they had the brokers statments go to them and then they forwarded them to me. Thus they knew my statement balaance. Next they got enought imformation to open a bank account in England. They kept communicating with my broker providing change of address change of bank account information sendt them copy of utility bill that they would have
[10:12:39] <Lightenup1> created in London. All the time the broker thought that they were communicating with me.
[10:12:40] <wrbtrader> Shorts Emini ES @ 2058.50 -> large size
[10:12:56] <wrbtrader> re-entry
[10:14:32] <wrbtrader> wow
[10:17:16] <wrbtrader> Covered all Emini ES Short @ 2058.00 --> + 0.5
[10:17:19] <wrbtrader> I need a BARF bag
[10:17:39] <wrbtrader> sidelines...will just watch
[10:17:53] <wrbtrader> It finally put me on the bench
[10:18:32] <wrbtrader> and then it drops
[10:19:28] <BobC____> WOw lighten.... what a bummer..... I think I will set up Voice communications as a verify with broker
[10:19:36] <BobC____> I am so sorry
[10:20:05] <wrbtrader> Shorts Emini ES @ 2053.75 -> large size
[10:20:16] <wrbtrader> 15 contracts
[10:21:05] <wrbtrader> crazy price action
[10:23:37] <kadtje> gm all
[10:23:59] <wrbtrader> Covered all Emini ES Short @ 2051.75 --> + 2
[10:24:55] <wrbtrader> another early exit
[10:24:58] <wrbtrader> no WRB pt1
[10:25:23] <wrbtrader> I dumped it when I saw it was having problems with the volatilityh near its regular session lows
[10:29:15] <wrbtrader> Shorts Emini ES @ 2052.25 -> small size
[10:29:25] <wrbtrader> 2 point noise range
[10:29:50] <wrbtrader> I'm not willing to watch it travel that far on me
[10:30:02] <wrbtrader> 5 contracts
[10:30:17] <wrbtrader> WRB pt1 reached
[10:30:47] <wrbtrader> Covered all Emini ES Short @ 2052.00 --> + 0.25
[10:30:53] <wrbtrader> :(
[10:30:59] <wrbtrader> snapback
[10:32:25] <wrbtrader> Long Emini ES @ 2055.00 -> large size
[10:32:33] <wrbtrader> 10 contracts
[10:36:23] <wrbtrader> Exited all Emini ES Long @ 2058.75 --> + 3.75
[10:36:27] <wrbtrader> I just got a headache...going for a walk...be back later
[10:53:12] <BobC____> headaches suck....sorry...
[12:07:32] <Lightenup1> short tf 1158.00
[12:16:27] <Lightenup1> point 1 reached
[12:18:35] <BobC____> Hi Lightenup...Thanks for sharing your horrible experience.... I will talk with brokers today to set up safety proceedure....
[12:18:48] <BobC____> i am sorry for your experiences.... horrible
[12:21:21] <Lightenup1> good idea. I checked my statements and money was taken out on Wendsay and Friday. The new address just appeared on yesterdays statement Monday.
[12:22:20] <BobC____> i hope that they catch the b******ds
[12:22:23] <Lightenup1> Flat TF 1158.00 +1.6
[12:23:31] <Lightenup1> Strange also the new address does not even include a street number.
[12:25:25] <BobC____> was it a wire transfer or a mailed check??? has it cleared ??? can it be stopped??
[12:25:44] <Lightenup1> Probably best to have it so that you must also call your broker if you are to make any changes to your account as well as doing it on line. Any money transfers changes in address any changes at all.
[12:26:00] <BobC____> Right
[12:26:04] <Lightenup1> Wire transfer.
[12:26:38] <Lightenup1> They communicated with my broker only via e mail
[12:26:59] <BobC____> Wow... so they were able to set up a bank account in your name????
[12:27:20] <Lightenup1> my e mail and when the broker responded the e mail did not come to me. Whent to them.
[12:28:10] <Lightenup1> That is corect. They set up a bank account in London in both my wifes and my name.
[12:28:59] <BobC____> what a nightmare
[12:29:17] <Lightenup1> Sure is.
[12:30:52] <Lightenup1> I am not sure and nothing is final but my broker is sort of saying that they did everyting correct as they were corresponding with the e mail that I gave them.
[12:33:16] <Lightenup1> The strange thing was I was trading on friday and everyday. Why would the broker not call and ask why I would want to take just about all my money out of my account so that I couldn't tade any more. I could understand if I hadn't used the account for a while. It was used ever day.
[12:34:39] <BobC____> very frustrating..... I have a personal relationship with one of my brokers and it gives me some comfort....
[12:35:12] <BobC____> i am sure that you have the authorities all over it....
[12:36:08] <Lightenup1> The brokerage has sent request for the wire transfer back.
[12:36:56] <Lightenup1> I will call again now and see what has happened.
[12:37:00] <jkarn> You should get a lawyer if they will not correct the error.
[12:39:13] <Lightenup1> Good Idea but I am sure the Lawyer would take more than I lost if past experience is any indication of lawyers.
[12:42:50] <BobC____> I am not familiar with UK infrastructure but they should have some Futures governing board similar to NFA in US??
[12:44:47] <Lightenup1> I think the one big problem is the Bank in England opened an account in my and my wifes name.
[12:45:18] <BobC____> that is one problem,,, and with no photo ID
[12:45:57] <BobC____> they should have security footage that shows the persons
[12:46:17] <Lightenup1> Unless they stole a photo from my computer.
[12:46:36] <BobC____> yeah, but that is not gov issued
[12:47:28] <Lightenup1> I talked to someone today who said you can open a bank account in London on line without even setting foot in the bank.
[12:54:23] <BobC____> oh wow.... that is something.... it helps the bad guys forr sure
[13:04:06] <Lightenup1> Long tf 1159.00
[13:05:58] <Lightenup1> flat TF 1158.80 -.2
[13:16:04] <Senge> Short ES @ 61.75
[13:16:13] <Senge> *2061.75
[13:19:15] <Senge> Exit ES @ 2060 -> +1.75
[13:19:52] <Senge> Short ES @ 2059.50
[13:20:58] <Senge> Exit ES @ 2060 -> -.5
[13:30:10] <TradeSnake______> Short GC @ 1075.5
[13:35:41] <TradeSnake______> Covered GC @ 1074.5 --> +1.0
[13:59:38] <wrbtrader> Amazing change in the volatility for the past hour or so...
[13:59:58] <wrbtrader> Calmness in reference to the Emini futures
[14:04:13] <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.
[14:06:08] <wrbtrader> Wow...just like that after I said something...
[14:06:22] <wrbtrader> We get one of those fast moving volatility spikes :)
[14:10:16] <wrbtrader> Long Emini ES @ 2068.00 -> large size
[14:10:27] <wrbtrader> 5 + 5 contracts
[14:12:28] <wrbtrader> Exited all Emini ES Long @ 2069.25 --> + 1.25
[14:35:03] <wrbtrader> Just like that...Emini futures returns back to the enduring low volatility trading range price area :(
[14:42:43] <wrbtrader> Shorts Emini ES @ 2964.00 -> small size
[14:42:54] <wrbtrader> correction...
[14:43:06] <wrbtrader> Shorts Emini ES @ 2064.00 -> small size
[14:43:11] <wrbtrader> 5 contracts
[14:46:56] <wrbtrader> fast moving price action again
[14:47:29] <wrbtrader> Covered all Emini ES Short @ 2066.50 --> - 2.5
[14:48:09] <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
[14:50:26] <wrbtrader> Shorts Emini ES @ 2066.00 -> small size
[14:50:33] <wrbtrader> re-entry
[14:52:11] <wrbtrader> Covered all Emini ES Short @ 2066.00 --> 0
[14:53:43] <wrbtrader> Long Emini ES @ 2067.00 -> large size
[14:53:51] <wrbtrader> 10 contracts
[14:53:56] <wrbtrader> last trade of the day for me
[14:54:20] <wrbtrader> volatility moving in and out via that strange chop
[14:54:33] <wrbtrader> Yet, not as intense like it was doing this morning
[14:54:46] <wrbtrader> very stressful trading conditions this morning
[14:56:20] <wrbtrader> Emini ES futures trying to do a Down snapback :(
[14:57:11] <kadtje> Shorts Emini NQ @ 4704.75
[14:57:17] <wrbtrader> Exited all Emini ES Long @ 2066.00 --> - 1
[14:57:38] <kadtje> Covered all Emini NQ Short @ 4701.50 --> + 3.25
[14:57:59] <wrbtrader> Hindsight...wouldn'uv been a good position reversal but I don't have any time left today to Short
[14:58:11] <wrbtrader> Take care all and see all tomorrow
[14:58:28] <kadtje> cya
[15:12:36] <kadtje> tc all
[19:30:16] * Disconnected
Session Close: Tue Dec 08 19:30:18 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 Qu├ębec, 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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