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 Post subject: January 25th Monday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Jan 27, 2016 3:00 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:
012516-Key-Price-Action-Markets.png
012516-Key-Price-Action-Markets.png [ 1.19 MiB | Viewed 314 times ]

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

Session Start: Mon Jan 25 09:29:13 2016
Session Ident: ##TheStrategyLab
[09:29:13] * Now talking in ##TheStrategyLab
[09:29:13] * 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'
[09:29:13] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:29:13] -rajaniemi.freenode.net:##TheStrategyLab- [freenode-info] channel trolls and no channel staff around to help? please check with freenode support: http://freenode.net/faq.shtml#gettinghelp
[09:29:14] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:32:23] <Tigerman_____> gm all
[09:32:33] <Sharif> gm tiger
[09:32:40] <Corner> Good morning all
[09:32:40] <Senge> GM
[09:32:51] <patrader> good morning
[09:39:20] <Tigerman_____> sh spy 189.55
[09:39:30] <Tigerman_____> exit all 67 -12 tk
[09:39:33] <Tigerman_____> intuition
[09:39:42] <Tigerman_____> not did well :(
[09:41:41] <Tigerman_____> sh spy 62
[09:41:52] <Tigerman_____> exit 2/3 44 +18t
[09:42:02] <Tigerman_____> exit 1/3 56 +6 tk
[09:42:07] <Tigerman_____> fast spike up down
[09:42:28] <Tigerman_____> simply a fight zone here I no put size
[09:44:31] <Tigerman_____> I no have Kme on calendar seems Algos play tricks here
[09:45:33] <platform115> 9:30 was Euro leading index
[09:46:17] <Tigerman_____> ok thanks seems a small Kme
[09:46:34] <Tigerman_____> Ihave no clue of that
[09:46:40] <platform115> yeah not sure if it really had a role to play but it did happen
[09:47:19] <Tigerman_____> yeah ...issue these days just few Kme matter x traders
[09:49:17] <platform115> Long ES 1889
[09:49:53] <platform115> Covered ES 1887.75 -1.25
[09:51:05] <platform115> Long ES 1889.25
[09:52:30] <platform115> Covered ES 0
[09:52:49] <Tigerman_____> dead day so far
[10:03:51] <Tigerman_____> lf spy 91
[10:04:02] <Tigerman_____> lg spy 189.91
[10:04:18] <Tigerman_____> exit all 93 +2 tk
[10:04:27] <Tigerman_____> grr chace too high
[10:04:57] <Tigerman_____> my entry was as limit at 189.85 but no fill
[10:05:04] <Tigerman_____> intuition
[10:06:48] <platform115> Long ES 1894.25
[10:07:50] <platform115> Covered 1893.75 -1.25
[10:07:59] <platform115> -1.5
[10:12:04] <wrbtrader> Shorts Emini ES @ 1889.50 -> large size
[10:12:11] <wrbtrader> 10 contracts
[10:16:13] <wrbtrader> Covered all Emini ES Short @ 1887.25 --> + 2.25
[10:16:27] <wrbtrader> early exit
[10:22:08] <TradeSnake______> Short GC @ 1106.2
[10:25:46] <t4n> rangebound
[10:29:01] <wrbtrader> Shorts Emini ES @ 1890.00 -> large size
[10:29:15] <wrbtrader> 10 contracts
[10:31:52] <Tigerman_____> ranging day
[10:32:08] <Tigerman_____> one of those days difficult x me
[10:32:16] <wrbtrader> Covered all Emini ES Short @ 1889.75 --> + 0.25
[10:32:28] <Tigerman_____> volatility is not good x my taste
[10:35:57] <Tigerman_____> yeah as I said range bound
[10:36:03] <Lightenup1> Short tf 1009.50
[10:36:08] <wrbtrader> Shorts Emini ES @ 1889.00 -> large size
[10:36:18] <wrbtrader> re-entry
[10:37:16] <Lightenup1> Flat tf 1009.10 +.4
[10:37:39] <Lightenup1> Snapback to stop
[10:38:13] <wrbtrader> Covered all Emini ES Short @ 1888.50 --> + 0.5
[10:38:17] <wrbtrader> :(
[10:41:21] <platform115> 1m
[10:42:20] <t4n> cl finaly broke a bit
[10:56:48] <Tigerman_____> junky action I need keep my calm
[10:57:32] <Tigerman_____> considering some mistakes in my platform ruined my profits :(
[10:57:54] <Tigerman_____> old orders entered not so fast in delete them
[10:58:18] <Tigerman_____> it is in these cases traders needs strong mind
[10:59:02] <Tigerman_____> simply I understand without strong healthy mind traders fails
[10:59:38] <Tigerman_____> unless you guys believe in 98 % win/rate :)
[11:00:03] <Tigerman_____> and no mistakes
[11:16:44] <Senge> Short ES @ 83.75
[11:16:55] <Senge> *1883.73
[11:20:15] <Senge> Exit Es @ 1883.50 +.25
[11:22:44] <Senge> Short ES @ 1886
[11:25:29] <Senge> Exit ES @ 1885.75 +.25
[11:30:15] <TradeSnake______> Covered GC @ 1107.2 --> -1.0
[11:41:47] <kadtje> hi all
[11:42:19] <kadtje> i am short at
[11:42:37] <kadtje> Shorts Emini NQ @ 4233.50
[11:44:55] <kadtje> Covered all Emini NQ Short @ 4232.50 --> + 1
[11:45:09] <kadtje> Shorts Emini NQ @ 3230.50
[11:45:10] <Sharif_> hey kadtje.
[11:46:29] <kadtje> Covered all Emini NQ Short @ 4227.50\ --> + 3230.50 - 4227.50\
[11:46:46] <kadtje> sorry
[11:47:28] <kadtje> Shorts Emini NQ @ 4230.50
[11:47:42] <kadtje> Covered all Emini NQ Short @ 4227.50 --> + 3
[11:58:17] <Tigerman_____> ok I stop here today
[11:59:17] <Tigerman_____> simply I have to block temptation to enter in this junky action
[11:59:37] <Tigerman_____> best x me close all and do something else
[11:59:42] <Tigerman_____> see all tomorrow
[12:07:50] <mtntrader__> Short ES 1887.00
[12:19:20] <mtntrader__> Covered all at 1886.50, +.5
[12:32:56] <mtntrader__> Short ES 1887.00 Re-entry
[12:34:28] <mtntrader__> Out at scratch. Arggg
[12:54:49] <TradeSnake______> Short TF @ 1004.0
[12:58:39] <TradeSnake______> Covered TF @ 1004.0 --> 0
[13:04:56] <t4n> volatility picked up after the slow climb
[13:05:03] <t4n> es
[13:06:29] <t4n> sometimes setting profit targets before hand leaves too much money on the table
[13:07:09] <t4n> especially when you get a nice WRB afterwards
[13:07:54] <t4n> I wonder if its exhausted the move
[13:08:05] <t4n> biggest wrb since lod
[13:09:12] <wrbtrader> Just got back to see not much of a change in the markets...
[13:09:36] <wrbtrader> Markets price action still slowly contracting in volatility that started on Friday
[13:10:11] <wrbtrader> Looks like things is trying to get back to normal after about 2 weeks of unusual price action
[13:12:43] <patrader> Price returning back to the area of the prior WRBHG up (ES- 5 min)
[13:14:53] <patrader> VIX is up ~2% from Friday and still over 20
[13:15:25] <patrader> Somewhat surprised at that given how boring watching my charts has been today
[13:17:46] <TradeSnake______> I think the big snow storm that hit the Eastern US over the weekend probably has something to do with today's crumby price action. People still digging out...
[13:32:10] <wrbtrader> When you look at volatility...be careful with using the VIX
[13:33:23] <wrbtrader> VIX rising while the price action your trading is range bound...is not good trading conditions because if VIX is rising...you don't want to see your price action in a range or low volatility itself
[13:34:02] <wrbtrader> There's an easy way to look at the volatility of ONLY the price action you're trading.
[13:34:45] <wrbtrader> You simply increase the time frame on your charts to an easy number of counting WRB Hidden GAP intervals and then compare it to the number of WRB Hidden GAP intervals.
[13:35:58] <wrbtrader> For example, you can increase the chart interval to 5 minutes and then count the number of WRB HG intervals for each trading day for comparison to each other
[13:36:29] <patrader> Got it. That's a very useful tip.
[13:36:39] <wrbtrader> If the numbers are lower today than prior trading days regardless if VIX is increasing...the volatility in your trading instrument is actually lower
[13:37:57] <wrbtrader> Someone developed an indicator out of such but didn't want to share it :(
[13:39:08] <patrader> That's pretty cool. It wouldn't be that hard to do manually, obviously the indicator would help saving time a little.
[13:40:11] <patrader> Is there a certain number that you consider to be a threshold? i.e. if there are more than say 10 or something on your chart that represents favorable conditions
[13:41:08] <patrader> Or you just use that to understand the day over day trend in volatility?
[13:42:09] <wrbtrader> no threshold number
[13:44:04] <patrader> Got it.
[13:44:08] <patrader> Thanks.
[13:44:55] <wrbtrader> I don't even need to count and I can easily see the difference between Thursday, Friday of last week verus today's price action by only looking at the WRB Hidden GAP intervals without even counting.
[13:45:32] <wrbtrader> Add in Wednesday last week...the difference becomes bigger
[13:45:48] <wrbtrader> Simply, we've been getting "smaller" WRB HG intervals
[13:46:09] <wrbtrader> I can see that visually without needing to do any counting or technical measuring
[13:46:25] <wrbtrader> Therefore, volatility is lowering in the Emini ES futures
[13:46:50] <wrbtrader> That also tells me to lower my overall position size and number of trades
[13:47:17] <wrbtrader> I only did a few trades on Friday and only a few trades today along with lowering my overall position size
[13:48:11] <patrader> Sure. The difference is very obvious.
[13:48:21] <patrader> I understand things through numbers, so I
[13:48:33] <patrader> I'm always trying to put hard numbers on things
[13:50:42] <wrbtrader> I think we have a spy in here
[13:50:45] <kadtje> Shorts Emini NQ @ 4243.25
[13:50:56] <patrader> Haha.
[13:51:06] <wrbtrader> As soon as the volatility talk started...volatility has been slowly increasing until it spiked
[13:51:09] <wrbtrader> :)
[13:51:52] <mtntrader__> Thanks for doing that for us, wrbtrader. :">
[13:52:14] <patrader> Maybe we should start talking about winning the Powerball now?
[13:52:18] <kadtje> Covered all Emini NQ Short @ 4240.25 --> + 3
[13:53:28] <wrbtrader> Not me although I am the one behind hiring a girl to run nude at that outdoor cafe place near the CME to distract the traders long enough so I can minimize a losing trade
[13:53:36] <wrbtrader> :)
[13:54:22] <BobC____> There ya go.... I am all in on that..... and will take video!!!
[13:54:28] <kadtje> Shorts Emini NQ @ 4229.50
[13:54:30] <mtntrader__> Ha Ha
[13:54:32] <wrbtrader> Its a popular hang out for CME traders
[13:54:39] <patrader> Ha Ha. Excellent.
[13:54:47] <patrader> Are you talking about Ceres or Rivers?
[13:55:33] <BobC____> I have a cool trip tomorrow.... heading to Memphis.... International Blues Challenge....
[13:56:16] <patrader> Rivers is on the lobby of the CME Center.
[13:56:21] <wrbtrader> I don't remeber the name of the place
[13:56:36] <kadtje> Shorts Emini NQ @ 4239.50
[13:56:54] <patrader> Gotcha. If it was Ceres you'd remember it.
[13:56:56] <kadtje> Covered all Emini NQ Short @ 4238.00 --> + 1.5
[13:57:09] <t4n> looks like that last up wrb was exhaustion
[13:57:12] <patrader> Ceres is the one where they serve you a full glass of liquor with your mixer on the side.
[13:57:14] <t4n> rolled over since
[13:57:38] <wrbtrader> Shorts Emini ES @ 1887.00 -> large size
[13:57:52] <wrbtrader> 10 contracts
[14:00:26] <kadtje> Shorts Emini NQ @ 4235.00
[14:01:10] <kadtje> Covered all Emini NQ Short @ 4232.00 --> + 3
[14:03:43] <wrbtrader> Covered all Emini ES Short @ 1885.50 --> + 1.5
[14:04:31] <wrbtrader> That long lower shadow interval on the 2min chart of Emini ES spooked me out of this trade :(
[14:17:21] <mtntrader__> Short ES 1886.75
[14:18:05] <kadtje> Long Emini NQ @ 4234.00
[14:20:11] <mtntrader__> Covered all 1886.50, +.25
[14:20:16] <kadtje> Exited 1/3 Emini NQ Long @ 4235.00 --> + 1
[14:20:19] <mtntrader__> Lost patience
[14:21:46] <kadtje> Shorts Emini NQ @ 4232.75
[14:22:09] <kadtje> Covered all Emini NQ Short @ 4230.00 --> + 2.75
[14:23:50] <t4n> cl testing the first pull back from the run up on 22nd
[14:24:07] <kadtje> Long Emini NQ @ 4230.50
[14:25:03] <Corner> Everybody and his brother was celebrating the CL reversal...
[14:25:08] <Corner> And now this :-)
[14:26:18] <mtntrader__> Short ES 1884.75
[14:26:51] <kadtje> Exited all Emini NQ Long @ 4227.50 --> - 3
[14:27:52] <Corner> CL institutional selling (large size) into the close
[14:28:11] <kadtje> Shorts Emini NQ @ 4226.25
[14:28:52] <kadtje> Covered all Emini NQ Short @ 4226.25 --> 0
[14:28:53] <BobC____> Agree Corner.... looks like algo at a 2 second interval
[14:29:44] <mtntrader__> Covered all 1884.50, + .25
[14:31:39] <kadtje> Long Emini NQ @ 4231.00
[14:32:58] <kadtje> Exited all Emini NQ Long @ 4233.75 --> + 2.75
[14:41:42] <mtntrader__> Short Es 1885.25
[14:55:50] <mtntrader__> Covered all at 1882.50, +2.75
[15:12:17] <mtntrader__> Short ES 1880.00
[15:18:00] <mtntrader__> Cover half at 1878.00, +2
[15:24:27] <mtntrader__> Covered balance at 1875.00, +5, PT reached.
[15:29:54] <mtntrader__> Short ES 1876.00
[15:33:40] <mtntrader__> Covered all at 1873.50, +2.5
[15:34:42] <mtntrader__> May have left something on the table here, but hard to say with today's PA.
[15:37:53] <BobC____> Bye All....have a good week
[15:57:03] <mtntrader__> Bye all. Have a nice evening.
[16:01:03] <platform115> Have a good one. What a weird day!
Session Close: Tue Jan 26 00:00:01 2016

-------------------------

##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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