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 Post subject: December 16th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Dec 16, 2015 11:17 pm 
Trader / Forum Admin

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)
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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.

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

121615-Key-Price-Action-Markets.png [ 1.23 MiB | Viewed 279 times ]

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

Session Start: Wed Dec 16 09:31:16 2015
Session Ident: ##TheStrategyLab
[09:31:17] * Now talking in ##TheStrategyLab
[09:31:17] * 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'
[09:31:17] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:31:18] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:34:32] <Corner> Good morning all
[09:34:39] <Senge> GM
[09:36:34] <wrbtrader> Shorts Emini ES @ 2049.50 -> large size
[09:36:51] <wrbtrader> 20+10 contracts
[09:38:40] <wrbtrader> Emini ES boouncing off the S area of its most recent Up WRB HG interval
[09:39:17] <wrbtrader> just chop so far since my entry
[09:40:58] <wrbtrader> retesting the S area
[09:41:26] <wrbtrader> Covered 2/3 Emini ES Short @ 2048.75 --> + 0.75
[09:41:41] <wrbtrader> Covered Remainder Emini ES Short @ 2049.25 --> + 0.25
[09:42:13] <wrbtrader> bounced off the S area again
[09:42:40] <wrbtrader> comments via the 3min chart
[09:42:51] <Senge> Which also happens to be opening price.
[09:43:38] <Senge> FWIW
[09:45:33] <Corner> KME 10:30 CL
[09:45:59] <Corner> KME 2:00pm FOMC + 2:30pm press conference
[09:46:20] <Senge> Also 9:45am PMI
[09:48:22] <wrbtrader> Crude Oil CL futures still going south since 0850am est
[09:49:19] <wrbtrader> Shorts Emini ES @ 2047.75 -> large size
[09:49:33] <wrbtrader> re-entry
[09:58:34] <wrbtrader> Covered 2/3 Emini ES Short @ 2047.50 --> + 0.25
[09:59:41] <wrbtrader> Covered Remainder Emini ES Short @ 2046.75 --> + 1
[10:00:25] <wrbtrader> back to back trades that got stuck in chop after entry
[10:01:34] <wrbtrader> Shorts Emini ES @ 2046.75 -> large size
[10:01:42] <wrbtrader> 10 contracts
[10:01:54] <wrbtrader> lowering position size because of the chop
[10:07:03] <wrbtrader> Covered all Emini ES Short @ 2045.75 --> + 1
[10:07:44] <wrbtrader> not a WRB pt1
[10:08:28] <wrbtrader> a range if forming below another range
[10:08:51] <wrbtrader> similar like price action we had yesterday after the initial runup
[10:09:11] <wrbtrader> Difference is that today there was no initial run-up volatile price action
[10:10:10] <wrbtrader> Shorts Emini ES @ 2045.25 -> large size
[10:10:24] <wrbtrader> re-entry
[10:15:20] <wrbtrader> Covered all Emini ES Short @ 2044.75 --> + 0.5
[10:15:47] <wrbtrader> Anybody notice we have not had those algo snapbacks so far...
[10:15:50] <wrbtrader> Strange
[10:16:39] <Senge_> No. It seemed like it was a bit snappy at that prior pivot. Just maybe smaller snapbacks.
[10:17:20] <Senge_> Short ES @ 2044.25
[10:17:31] <wrbtrader> Shorts Emini ES @ 2044.00 -> large size
[10:17:46] <wrbtrader> 20 contracts
[10:17:51] <wrbtrader> re-entry
[10:18:52] <Senge_> There's a small snapback.
[10:18:59] <Senge_> 4-5 ticks
[10:19:28] <Senge_> I might try to adjust my entries accordingly.
[10:20:42] <wrbtrader> snapback
[10:20:54] <wrbtrader> should'uv stayed quiet
[10:21:10] <Senge_> Exit ES @ 2045.75 -1.75
[10:22:21] <wrbtrader> Covered all Emini ES Short @ 2046.50 --> - 2.5
[10:26:22] <wrbtrader> Shorts Emini ES @ 2046.00 -> large size
[10:26:35] <TradeSnake______> Short YM @ 17552
[10:26:35] <wrbtrader> re-entr
[10:27:10] <wrbtrader> Covered all Emini ES Short @ 2046.00 --> 0
[10:28:41] <wrbtrader> Shorts Emini ES @ 2045.75 -> large size
[10:28:54] <wrbtrader> re-entry
[10:29:18] <wrbtrader> and this time I intentionally enter into choppy price action
[10:30:29] <wrbtrader> Emini TF seems to be the problem this morning in comparison to the other Emini futures
[10:30:59] <wrbtrader> Emini TF make a strong effort to stay aboe its opening price and tried hard to move higher
[10:31:06] <wrbtrader> volatility spike
[10:31:14] <Corner> Again: spike to the full hour
[10:31:41] <TradeSnake______> Covered YM @ 17526 --> +26
[10:32:27] <Corner> looks like some of the algos are run on the close of bars
[10:32:46] <Senge_> News
[10:33:56] <Corner> senge - you're right, it was the CL KME
[10:34:59] <wrbtrader> Oil is still falling
[10:35:04] <Senge_> Short ES @ 2043.25
[10:35:32] <wrbtrader> cheaper at the pump but causing more to be unemployed
[10:37:30] <wrbtrader> wow...that's a big reaction to the EIA report
[10:37:35] <wrbtrader> Didn't see that coming
[10:37:58] <wrbtrader> Covered all Emini ES Short @ 2039.50 --> + 6.25
[10:38:30] <TradeSnake______> Eminis pushing hard to fill there regular session gaps
[10:38:32] <Senge_> Exit ES @ 2039.75 +3.5
[10:38:42] <wrbtrader> WRB pt3 reached
[10:42:05] <wrbtrader> I now have my cushion I needed to be aggressive in my trading in during the FOMC announcement
[10:42:43] <wrbtrader> Without that cushion...I most likely would have called it quits before it or traded a very small size
[10:43:40] <Corner> Short CL 36.05
[10:45:45] <Corner> Exit CL 35.95 +0.10
[10:46:58] <Corner> Short CL 35.93 re-entry
[10:47:52] <Corner> Exit CL 35.90 +0.03
[10:48:52] <wrbtrader> I hate it when I have a strong bias one direction and then I get a trade signal in the opposite direction :(
[10:49:57] <wrbtrader> Long Emini ES @ 2043.00 -> small size
[10:50:03] <wrbtrader> 5 contracts
[10:51:32] <wrbtrader> Exited all Emini ES Long @ 2043.25 --> + 0.25
[10:57:34] <Corner> Short CL 36.15
[11:00:47] <Corner> Exit CL 35.96 +0.19
[11:02:54] <Senge_> Short ES @ 2040.75
[11:08:34] <Senge_> Exit ES @ 2040.5 +.25
[11:11:12] <Senge_> Short ES @ 2039.5
[11:14:06] <Senge_> Exit ES @ 2040.75 -1.25
[11:40:50] <Lightenup1> TF testing support of Down WRBHG 5 min 10:35
[13:20:15] <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.
[13:53:21] <Tigerman_____> good afternoon all
[13:57:36] <Tigerman_____> Iwm push a bit higher now
[13:57:53] <Tigerman_____> anyway wait for the News before enter :)
[14:00:05] <Corner> I predict a volatility spike :-)
[14:01:07] <Corner> Rate hike
[14:01:23] <Tigerman_____> fireworks :)
[14:01:35] <Tigerman_____> needs care here
[14:02:11] <Tigerman_____> tempted to enter is strong need resist and get ONLy wise entry not easy :)
[14:03:50] <wrbtrader> Long Emini ES @ 2044.50 -> large size
[14:03:57] <wrbtrader> 10 contracts
[14:04:01] <Tigerman_____> Liquidity tiny+
[14:05:44] <Tigerman_____> lg es 49.75
[14:06:04] <Tigerman_____> exit 2/3 50.50 +3 tk
[14:06:24] <Tigerman_____> exit all rem 1/3 51 +5 tk
[14:06:32] <Tigerman_____> Big size x me :)
[14:06:39] <Tigerman_____> hard hang on more
[14:07:02] <winmax100> long es@2058.50
[14:07:14] <winmax100> exit@2060.50 +2
[14:12:00] <wrbtrader> Exited all Emini ES Long @ 2049.50 --> + 5
[14:12:28] <Lightenup1> Long TF 1137.90
[14:12:55] <Lightenup1> Flat tf 1139.40
[14:13:02] <Lightenup1> +1.5
[14:21:12] <Corner> Short CL 35.71
[14:21:27] <Lightenup1> Long TF 1134.50
[14:21:51] <Lightenup1> Flat Tf 1134.0 -.5
[14:21:53] <Corner> Exit CL 35.76 -0.05
[14:22:24] <Corner> ES in trading range with double bottom and double top :-(
[14:24:12] <Corner> Short CL 35.71 re-entry
[14:25:03] <Corner> Exit CL 35.51 +0.20
[14:25:21] <Tigerman_____> just wonder whos trading ES right now as traders grop??
[14:25:43] <Corner> computers do
[14:25:47] <Tigerman_____> I mean liquidity is tiny expecially at firsat book levels
[14:26:08] <Tigerman_____> computer with empty pocket ?? :)
[14:26:40] <Corner> they need setups with high probability - not available now
[14:26:41] <Tigerman_____> ridiculus bis/ask
[14:27:31] <Corner> normally they would play the trading range 2044 / 2051 now, high risk
[14:27:50] <Corner> so low trade size
[14:27:56] <Tigerman_____> yeah but during the news spike was same
[14:28:17] <Corner> CL is better!
[14:29:09] <Tigerman_____> not really seems tiny too
[14:29:23] <Corner> but the price action is better
[14:29:28] <wrbtrader> Shorts Emini ES @ 2044.00 -> large size
[14:29:40] <wrbtrader> 20 contracts
[14:32:04] <wrbtrader> Covered all Emini ES Short @ 2041.75 --> + 2.25
[14:32:40] <wrbtrader> Had a WRB pt1 and I stayed in when volatility showed up...but then it snapback upwards :(
[14:33:24] <Tigerman_____> yeah a lot of snapback these days
[14:34:27] <Corner> Creepy PA, barb wire, fadeorado
[14:34:36] <Tigerman_____> what continue surprise me is we have few size in ES traded
[14:35:23] <Tigerman_____> the risk is big slippage if one try to exit a Big position right now
[14:35:41] <Corner> tigerman - that shows how much of trading is normally algo bookmaker stuff
[14:36:32] <Tigerman_____> yeah but that mean almost nobody trades ES now ??
[14:36:50] <Tigerman_____> c mon 3 pz in bid on ES on Fed day
[14:37:40] <Tigerman_____> osome Algo or others play or simply Big folks stay sidlines
[14:38:01] <Corner> confusion = trading range
[14:38:09] <Tigerman_____> curiously overall ES dry up vs years ago
[14:38:56] <Corner> Short ES 2048.00
[14:40:11] <Corner> Exit ES 2047.00 +1.00 :-(
[14:44:10] <Corner> Yellen talking
[14:47:10] <Tigerman_____> junky action
[14:47:19] <Tigerman_____> nice to lose money :)
[14:49:01] <Corner> It's not unlikely that a strong trend develops from this trading range
[14:50:00] <Corner> Long ES 2050.75
[14:54:46] <wrbtrader> Long Emini ES @ 2054.25 -> large size
[14:55:06] <wrbtrader> 10 contracts
[14:58:16] <Corner> Exit ES 2058.75 +8.00
[14:58:21] <Corner> pt1 reached
[14:59:36] <wrbtrader> Exited all Emini ES Long @ 2061.75 --> + 7.5
[15:01:01] <Corner> TF lagging
[15:01:17] <Corner> Long IWM 114.00
[15:03:01] <Corner> Exit IWM 113.90 -0.10
[15:17:37] <Tigerman_____> take care
[16:01:15] <wrbtrader> Long Emini ES @ 2065.75 -> large size
[16:01:28] <wrbtrader> 10 contracts
[16:03:07] <wrbtrader> Exited all Emini ES Long @ 2066.00 --> + 0.25
[16:03:49] <wrbtrader> Take care all and see all tomorrow
[16:04:07] <Senge_> Take care
[16:04:20] <winmax100> take care
[16:04:25] <winmax100> thanks
[16:43:37] * Disconnected
Session Close: Wed Dec 16 16:43:37 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

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