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 Post subject: December 15th Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Tue Dec 15, 2015 11:23 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2500
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:
121515-Key-Price-Action-Markets.png
121515-Key-Price-Action-Markets.png [ 1.13 MiB | Viewed 112 times ]

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

Session Start: Tue Dec 15 09:23:53 2015
Session Ident: ##TheStrategyLab
[09:23:53] * Now talking in ##TheStrategyLab
[09:23:53] * 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'
[09:23:53] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:23:54] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:34:26] <Tigerman_____> gm all
[09:37:37] <wrbtrader> Long Emini ES @ 2034.75 -> large size
[09:37:55] <wrbtrader> 10+15 contracts
[09:38:52] <wrbtrader> Exited Emini ES Long @ 2034.75 --> 0
[09:39:53] <Corner> Good morning all
[09:42:29] <wrbtrader> I may have to reboot...I have a lot of software stalls right now
[09:46:17] <wrbtrader> :(
[09:50:45] <wrbtrader> Long Emini ES @ 2039.75 -> large size
[09:50:59] <wrbtrader> 15 contracts
[09:51:28] <wrbtrader> lowering size just in case the stalls reappear or I get the black screen thingy again
[09:53:59] <Tigerman_____> News house index at 10am
[09:54:04] <wrbtrader> Exited all Emini ES Long @ 2040.25 --> + 0.5
[09:54:19] <Tigerman_____> I no expect a lot from that
[09:54:32] <Tigerman_____> most traders moving on Fed
[09:54:44] <Tigerman_____> tomorrow is the Big day :)
[09:56:14] <wrbtrader> Long Emini ES @ 2039.75 -> large size
[09:56:21] <wrbtrader> re-entry
[09:58:40] <wrbtrader> ooouch :(
[10:02:02] <wrbtrader> Exited all Emini ES Long @ 2039.50 --> - 0.25
[10:02:50] <wrbtrader> Too much downside pressure in other key markets for a few minutes...Emini ES held up good but eventually had to give in
[10:03:47] <wrbtrader> Long Emini ES @ 2039.00 -> large size
[10:03:56] <wrbtrader> re-entry
[10:04:20] <wrbtrader> more contraction and now more sideways tight trading range
[10:04:45] <Lightenup1> Long tf 1124.00
[10:04:52] <wrbtrader> Enough info to keep me sideways for awhile after I close this trade
[10:07:11] <Lightenup1> Flat tf 1124.10
[10:07:20] <Lightenup1> +.1
[10:08:11] <wrbtrader> Exited all Emini ES Long @ 2038.50 --> - 0.5
[10:08:24] <wrbtrader> now the chop has shown up
[10:08:56] <wrbtrader> Good thing is that there's now a clear s/r area for the contraction
[10:09:22] <wrbtrader> I will not take another trade until price action is above /below the range of the recent contraction
[10:22:26] <Tigerman_____> sh iwm 112.35
[10:23:08] <Tigerman_____> exit 3/4 112.30 +5t
[10:23:28] <Tigerman_____> counter-trend
[10:23:54] <Tigerman_____> exit all 1/4 112.31 +4t
[10:25:52] <kadtje> hello all
[10:26:10] <Senge> Hello
[10:30:35] <wrbtrader> Long Emini ES @ 2037.25 -> large size
[10:30:52] <wrbtrader> 15 contracts
[10:31:29] <wrbtrader> I'm just below a prior S area of the contraction...
[10:31:56] <wrbtrader> Looks like its behaving now as ceiling on my trade :(
[10:32:58] <Lightenup1> Long tf 1121.00
[10:34:46] <wrbtrader> Exited all Emini ES Long @ 2035.50 --> - 1.75
[10:35:15] <Lightenup1> Flat TF 1120.40-.6
[10:36:34] <wrbtrader> Shorts Emini ES @ 2034.50 -> large size
[10:36:45] <wrbtrader> 15 contracts
[10:41:28] <wrbtrader> ranging below a prior range...
[10:41:32] <wrbtrader> not good
[10:42:06] <wrbtrader> only TF respecting the range
[10:43:47] <TradeSnake______> Short GC @ 1061.6
[10:44:26] <kadtje> russel ??
[10:47:56] <Lightenup1> Tf trading in the Resistance area of the opening wrbhg at 9:30 an
[10:48:18] <wrbtrader> Covered all Emini ES Short @ 2036.25 --> - 1.75
[10:50:24] <wrbtrader> Long Emini ES @ 2039.00 -> large size
[10:51:11] <wrbtrader> I'm back inside an earlier problematic price area for the ES but TF still below it
[10:51:23] <Lightenup1> Looks like resistance area held in TF as it is pushing higher
[10:54:19] <wrbtrader> Overall volatility has been declining
[10:55:08] <wrbtrader> Always a problem with the price action when volatility rises for a few trading days and then rolls over again and begins declining...
[10:55:23] <wrbtrader> That first day of such is always a tough trading day
[10:56:56] <wrbtrader> ES over-reacting again in comparison to TF
[11:02:07] <wrbtrader> ES back inside that lower range
[11:03:02] <kadtje> djeez :(
[11:03:04] <wrbtrader> Exited all Emini ES Long @ 2035.50 --> - 3.5
[11:06:41] <kadtje> Long Emini NQ @ 4616.75
[11:07:31] <kadtje> Exited all Emini NQ Long @ 4619.75 --> + 3
[11:11:42] <kadtje> tss nq
[11:19:38] <Lightenup1> Tf againtested the Resistance area of the opening wrbhg
[11:23:16] <kadtje> bbl
[11:26:19] <Lightenup1> Long TF 1120.80
[11:28:36] <wrbtrader> Long Emini ES @ 2037.50 -> large size
[11:28:58] <wrbtrader> re-entry
[11:29:46] <wrbtrader> :(
[11:30:03] <wrbtrader> dried up fast
[11:30:56] <Lightenup1> Flat TF 1120.90 +.1
[11:31:11] <Lightenup1> Snap back and moved stop too soon
[11:33:11] <wrbtrader> what a headache...geeesh
[11:33:40] <Tigerman_____> simply price contracting a lot
[11:33:48] <Tigerman_____> sideway action
[11:34:02] <Tigerman_____> it is where most my loss occur
[11:35:27] <wrbtrader> signs oa algo "snapback"
[11:36:11] <wrbtrader> Exited all Emini ES Long @ 2036.00 --> - 1.5
[11:37:07] <TradeSnake______> Covered GC @ 1060.5 --> +1.0
[11:43:00] <wrbtrader> Shorts Emini ES @ 2034.00 -> large size
[11:43:25] <wrbtrader> scary...trade off of QQQ and its only slowly declining
[11:43:32] <wrbtrader> everybody else over-reacting again
[11:43:45] <wrbtrader> spike in TF and ES
[11:44:22] <wrbtrader> QQQ now below a WRB Zone that has given me problems all day
[11:44:27] <wrbtrader> Zone now filled
[11:44:43] <wrbtrader> QQQ spiking down
[11:45:43] <wrbtrader> Only DIA still having problems with that area...still stuck there :(
[11:55:49] <wrbtrader> Covered all Emini ES Short @ 2033.00 --> + 1
[11:59:18] <wrbtrader> :(
[11:59:23] <wrbtrader> Another range developing
[11:59:39] <wrbtrader> Range on top of Range on top of Range
[12:00:00] <wrbtrader> each turning the prior S area into an R area
[12:00:28] <wrbtrader> Emini ES now restesting the prior S area
[12:09:49] <wrbtrader> Long Emini ES @ 2038.00 -> large size
[12:10:06] <wrbtrader> 15 contracts
[12:12:01] <wrbtrader> back inside the old range ...
[12:12:05] <wrbtrader> crazy
[12:12:56] <wrbtrader> Its like every reaction high/low today has become important as a pivot area
[12:17:19] <kadtje> diner here outdoor...bbl
[12:17:31] <Senge_> When it's ranging like this, fading the pivot areas is often profitable.
[12:19:13] <wrbtrader> Today it is
[12:19:33] <wrbtrader> in hindsight
[12:19:50] <wrbtrader> Rare to see so many reaction highs/lows being used
[12:20:08] <wrbtrader> If I had a trendline for each...
[12:20:22] <wrbtrader> I would have about 30 trendlines on my chart
[12:22:52] <Senge_> Sounds like my charts
[12:27:26] <Tigerman_____> take care all see next time
[12:27:55] <Senge_> Take care
[12:33:00] <wrbtrader> Exited all Emini ES Long @ 2040.75 --> + 2.75
[12:34:48] <wrbtrader> WRB pt1 reached...first one of the day
[12:36:34] <wrbtrader> Shorts Emini ES @ 2042.75 -> large size
[12:37:26] <wrbtrader> Covered all Emini ES Short @ 2044.75 --> - 2
[12:38:20] <wrbtrader> There's also a breakeven unposted short in there
[12:40:02] <wrbtrader> Long Emini ES @ 2044.25 -> large size
[12:41:27] <wrbtrader> Exited all Emini ES Long @ 2044.25 --> 0
[12:46:12] <wrbtrader> back to retesting that 2042.75 price area
[12:57:52] <Senge__> Long ES @ 2043.5
[12:58:03] <wrbtrader> Long Emini ES @ 2043.75 -> large size
[13:01:32] <wrbtrader> Exited all Emini ES Long @ 2044.75 --> + 1
[13:03:23] <wrbtrader> algo snapback
[13:03:31] <wrbtrader> :(
[13:04:21] <Senge__> Exit ES @ 2043.50 ; 0
[13:07:02] <Senge__> Those algos like to snap it back right at those prior swing areas.
[13:22:08] <wrbtrader> Shorts Emini ES @ 2040.00 -> large size
[13:28:19] <wrbtrader> Covered all Emini ES Short @ 2039.00 --> + 1
[13:32:15] <wrbtrader> I can call it quits here and lick my wounds call it a day with a loss or put on a nice size trade to compensate (if a winner)
[13:32:49] <wrbtrader> right now price action has too low of volatility to push over 15 contracts...
[13:33:17] <wrbtrader> I'm always afraid that I'll get pick pocketed by an algo snapback
[13:33:21] <wrbtrader> nevermind
[13:33:27] <wrbtrader> volatility picking up again
[13:34:42] <wrbtrader> Shorts Emini ES @ 2037.25 -> large size
[13:34:57] <wrbtrader> still 15 contracts
[13:39:09] <wrbtrader> Covered all Emini ES Short @ 2038.75 --> - 1.5
[13:39:57] <wrbtrader> back inside the range of the most recent Down WRB HG interval
[13:40:13] <wrbtrader> back above its S area :(
[13:40:33] <wrbtrader> about a point aways from its reaction high
[13:42:40] <wrbtrader> Long Emini ES @ 2039.50 -> large size
[13:43:39] <wrbtrader> :geesh
[13:46:29] <wrbtrader> That was a good Long entry and it ran into trouble as soon as I entered :(
[13:46:53] <Senge__> There it goes
[13:47:44] <wrbtrader> its still problematic
[13:48:06] <Senge__> Algos working the swing levels...
[13:52:24] <wrbtrader> Exited all Emini ES Long @ 2041.00 --> + 1.5
[13:52:40] <wrbtrader> Just churing right now
[13:53:13] <wrbtrader> I had an order 2031.25 but no fill...maybe I was late getting it in :(
[13:56:04] <wrbtrader> Long Emini ES @ 2042.00 -> large size
[13:56:15] <wrbtrader> 25 contracts
[13:57:03] <Senge__> 25 = XXL :)
[13:58:11] <wrbtrader> Exited Emini ES Long @ 2043.00 --> + 1
[13:58:19] <wrbtrader> Holding 15 contracts remainder
[13:58:48] <wrbtrader> actually a 10 contract is a medium size trade but I've been calling it a large out of bad habit
[13:59:05] <wrbtrader> a 5 contract trade is small szie
[13:59:09] <wrbtrader> size
[13:59:21] <Senge__> I'd lose my mind with that much on the line.
[14:00:08] <Senge__> It's all relative.
[14:01:03] <wrbtrader> snapback :(
[14:01:37] <wrbtrader> algos strike again
[14:01:38] <Corner> snapback to the full hour (to the second)
[14:02:11] <Senge__> Is that 12:35pm Up WRB HG on the 5 min. relevant anymore now that it's been filled?
[14:03:13] <wrbtrader> not relevant
[14:03:30] <Senge__> Thx - didn't think so.
[14:05:45] <wrbtrader> Exited Emini ES Long @ 2942.75 --> + 900.75
[14:05:54] <wrbtrader> correction...
[14:06:16] <wrbtrader> Exited Remainder Emini ES Long @ 2042.75 --> + 0.75
[14:07:00] <wrbtrader> I don't have enough time to trade until the close...
[14:08:03] <wrbtrader> because of the snow storm and I need to go to the condo to do some cleaning and setup some snow shielders that I forgot to do last week :(
[14:08:15] <wrbtrader> Thus, goal is to just minimize the losses today
[14:08:57] <Senge__> #1 goal
[14:14:09] <wrbtrader> ES having problems keeping up with TF now
[14:14:22] <wrbtrader> or TF is over-reacting
[14:15:20] <wrbtrader> Long Emini ES @ 2042.00 -> large size
[14:15:45] <wrbtrader> 15+10 contracts
[14:16:52] <wrbtrader> snapback
[14:16:55] <wrbtrader> geeeeesh
[14:17:34] <wrbtrader> I've had more trades go against me out of the gate today by those snapbacks than any other trading day
[14:18:09] <wrbtrader> now it snapsback UP
[14:18:11] <wrbtrader> craxzy
[14:23:03] <wrbtrader> Exited Emini ES Long @ 2044.25 --> + 2.25
[14:23:34] <wrbtrader> That snapback Up worked into my favor
[14:23:41] <wrbtrader> 2nd one of the day like that
[14:23:56] <kadtje> back
[14:24:24] <kadtje> had diner out dore
[14:42:51] <wrbtrader> Only the opening first 20 minutes of trading today had a decent strong directional price movement...
[14:43:27] <wrbtrader> Of course with my luck today...I had a nice size Long position but had to dump it at breakeven due to computer problems
[14:43:41] <wrbtrader> As they say...shit happens sometimes
[14:44:12] <wrbtrader> After that price action....the price action has been problematic for me.
[14:44:51] <Senge___> Agree. Just sideways chop in anticipation of FOMC.
[14:46:48] <wrbtrader> Exactly
[14:47:15] <wrbtrader> We're also stuck inside the range of a big gap on the regular session chart from Thurs to Friday
[14:47:47] <wrbtrader> more obvious as a problem on the 15min chart
[14:47:52] <wrbtrader> and the 1hr chart
[14:48:29] <wrbtrader> Those two trading days last week involved a big change in the volatility
[21:12:12] * Disconnected
Session Close: Tue Dec 15 21:12:12 2015

Session Start: Tue Dec 15 21:12:12 2015
Session Ident: ##TheStrategyLab
[21:12:19] * Attempting to rejoin channel ##TheStrategyLab
[21:12:25] * Rejoined channel ##TheStrategyLab
[21:12:25] * 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'
[21:12:25] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[21:12:25] -ChanServ- [##TheStrategyLab] Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[21:12:25] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[21:12:33] * Disconnected
Session Close: Tue Dec 15 21:12:33 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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