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 Post subject: February 2nd Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Feb 04, 2016 5:34 am 
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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)
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:
020216-Key-Price-Action-Markets.png
020216-Key-Price-Action-Markets.png [ 1.16 MiB | Viewed 314 times ]

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

Session Start: Tue Feb 02 09:30:03 2016
Session Ident: ##TheStrategyLab
[09:30:03] * Now talking in ##TheStrategyLab
[09:30:03] * 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'
[09:30:03] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:30:05] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:34:04] <Sharif> short at 1912.75
[09:34:47] <Sharif> got out -->0, that made no sense...
[09:51:33] <wrbtrader> Shorts Emini ES @ 1903.75 -> large size
[09:51:45] <wrbtrader> 20 contracts
[09:51:48] <wrbtrader> intuition
[09:52:48] <wrbtrader> Covered all Emini ES Short @ 1903.25 --> + 0.5
[09:53:20] <wrbtrader> I didn't want to hang around to long in that Short position if it could not break below 1903.00
[09:55:01] <Corner> Good morning all
[09:57:14] <Corner> Long ES 1904.75
[09:58:33] <Corner> Exit all ES 1906.75 +2.00
[09:58:46] <Corner> counter trend scalp
[09:58:55] <platform115> smoothly done
[10:00:45] <platform115> Short ES 1905.00
[10:02:58] <platform115> Covered 1907 -2
[10:04:06] <Tigerman_____> gm all
[10:05:35] <Tigerman_____> seems e-minies try retrace up
[10:11:00] <Sharif> short @ 1908.50
[10:11:04] <Sharif> es
[10:11:28] <platform115> Long ES 1908.50
[10:12:58] <platform115> Covered ES 1906.50 -2
[10:13:19] <mtntrader__> Short ES 1906.50
[10:14:54] <mtntrader__> Covered all 1906.00, +.5
[10:20:47] <mtntrader__> Short ES 1904.75
[10:22:32] <mtntrader__> Out 1904.50, +.25, snapback took my trailer
[10:24:16] <Sharif> trail moved to +5.25
[10:27:28] <Sharif> stopped out
[10:27:41] <wrbtrader> snapback Up
[10:28:09] <Sharif> stopped out ES @ 1903.5 --> +5.00
[10:30:07] <platform115> nice run!
[10:30:19] <Sharif> ty.
[10:31:00] <Sharif> a great run would've been getting out at +7, but why i didn't get out, i dunno...greed?
[10:35:23] <wrbtrader> Yesterday the price action had a lot of difficulty in expanding in comparison to prior recent weeks...
[10:35:54] <wrbtrader> Same with today...its having problems expanding its range
[10:36:08] <wrbtrader> If you see that...not a good time to be greedy
[10:36:52] <wrbtrader> Instead...be greedy when the markets are volatile and/or expanding
[10:36:53] <Sharif> understood. so play tighter stops AND trailstops? AND/OR have targets in set?
[10:37:19] <wrbtrader> Not about stops...more about targets and volatility
[10:37:58] <Sharif> that's great. thank you
[10:38:18] <wrbtrader> If price reached your profit target on increasing volatility...that's when you can take a chance and be greedy because its making the effort to expand
[10:40:48] <Sharif> short es @ 1907.25
[10:42:03] <Sharif> target 1900.75
[10:42:53] <Sharif> stopped out --> .75
[10:43:37] <mtntrader__> Short ES 1906.25
[10:44:31] <mtntrader__> Covered all at scratch
[10:45:49] <wrbtrader> Emini futures are tight and on very little volatility
[10:46:45] <Sharif> Bullish engulfing on 5 min @ 10:40
[10:48:08] <Sharif> + WRB HG on 15 min. if this candle on 15m closes bullish, then its a hammer.
[10:50:25] <Sharif> so market is confused, just like yesterday, the ADR for the past 10 days has been 47pts, and today only 27.75.
[10:57:51] <patrader> Sure Sharif... and using wrbtrader's suggestion from the other day to count WRBHGs, there are only 2 WRBHGs on the 5 minute chart from today
[10:59:02] <mtntrader__> Short ES 1905.00
[10:59:07] <patrader> I've been tracking that mentally since he mentioned it the other day and I've found it helpful
[10:59:13] <Sharif> thanks for reminding that, that's very true
[10:59:28] <Sharif> yeah i'm still new to price action, still learning
[11:00:54] <patrader> Same. But I've noticed since I've been counting that usually my analysis as to what type of price action we're in matches his.
[11:01:06] <patrader> Whereas sometimes before that, it wouldn't.
[11:01:40] <Sharif> that's awesome. skype much?
[11:02:07] <patrader> I don't. But if you ever want to chat privately, feel free to PM me on here.
[11:02:21] <Sharif> cool
[11:04:01] <mtntrader__> Covered all 1904.00, +1
[11:07:17] <Corner> Today GOOGL surpassed AAPL as biggest market cap stock
[11:07:25] <wrbtrader> FED unchanged, China events have calmed and Crude seems to calm down too...
[11:07:44] <Corner> Three technology stocks in front GOOGL, AAPL, MSFT
[11:08:11] <wrbtrader> Looks like the January volatility is gone and its not going to pass over into February...normal reaction in the markets
[11:09:04] <wrbtrader> May be a boring 2 - 3 months of trading from this point on except for a day here and there of fun
[11:35:35] <Sharif> short ES @ 1910.75
[11:38:05] <Sharif> stopped out @ --> +.75
[11:40:15] <Sharif> re entry @ 1910.75
[11:42:22] <Sharif> stopped out with +.25
[11:44:09] <Sharif> punks...
[11:50:23] <Sharif> can you believe this, would've been sitting on +5
[11:58:44] <mtntrader__> Short ES 1905.00
[12:04:05] <mtntrader__> Price looks like it wants to make new lows
[12:05:05] <Sharif> time for a lil break for me.
[12:05:55] <mtntrader__> Covered half at 1899.00, +6
[12:06:00] <Sharif> beautiful
[12:06:02] <Sharif> dang
[12:08:17] <mtntrader__> Out balance at 1900.00, +5
[12:08:37] <platform115> wow, nice job man!
[12:09:11] <mtntrader__> Thanks. Had to be patient to catch one today.
[12:09:19] <Sharif> you caught it well
[12:18:31] <wrbtrader> Shorts Emini ES @ 1897.50 -> large size
[12:19:11] <wrbtrader> 10 contracts
[12:19:36] <wrbtrader> Covered all Emini ES Short @ 1898.50 --> - 1
[12:23:14] <wrbtrader> Long Emini ES @ 1899.50 -> large size
[12:23:29] <wrbtrader> 10 contracts
[12:27:20] <Tigerman_____> sh ES 1899.75 small
[12:27:49] <Tigerman_____> exit all 75 +0
[12:31:33] <Tigerman_____> lg es 1900.50
[12:32:02] <wrbtrader> Exited all Emini ES Long @ 1900.25 --> + 0.75
[12:32:10] <wrbtrader> :(
[12:32:17] <wrbtrader> ran out of patience
[12:33:08] <Tigerman_____> exit all 1900.50 +0 :( dead action
[12:33:17] <Tigerman_____> nothing new this time
[12:39:57] <Tigerman_____> lg es 91.75
[12:40:57] <Tigerman_____> exit all 92 +1tk
[12:41:41] <Tigerman_____> lg es 91.50 re-enter
[12:44:20] <Tigerman_____> exit all ES 1903.25 +7 tks
[12:46:35] <Tigerman_____> take care all
[12:46:37] <TradeSnake______> Long GC @ 1125.0
[12:52:51] <platform115> Short ES 1901.75
[12:59:08] <platform115> Covered ES 1900 +1.75
[13:02:38] <TradeSnake______> Covered GC @ 1127.0 --> +2.0
[13:17:33] <wrbtrader> Shorts Emini ES @ 1899.75 -> large size
[13:17:47] <wrbtrader> 20 contracts
[13:18:20] <wrbtrader> :(
[13:24:03] <wrbtrader> Covered 1/2 Emini ES Short @ 1899.00 --> + 0.75
[13:25:59] <wrbtrader> Covered Remainder Emini ES Short @ 1899.75 --> 0
[13:48:20] <wrbtrader> Shorts Emini ES @ 1896.75 -> large size
[13:48:34] <wrbtrader> 10 contracts
[13:48:38] <wrbtrader> :(
[13:48:41] <wrbtrader> geeeesh
[13:49:07] <wrbtrader> trade error
[13:49:57] <wrbtrader> If volatility can hold (not decrease)...I may be able to get a lucky escape out of this trade at a profit
[13:50:59] <wrbtrader> risk rising higher now for a snapback UP :(
[13:52:21] <t4n> pretty nice error
[13:52:42] <wrbtrader> Covered all Emini ES Short @ 1895.75 --> + 1
[13:52:51] <wrbtrader> WRB pt1 reached
[14:31:22] <platform115> Short ES 1892.50
[14:34:43] <platform115> Covered ES 1894.50 -2 jeez..
[14:55:21] <platform115> Short ES 1897
[14:56:21] <platform115> Covered 1895.75 +1.25 WRB pt1 reached
[14:59:12] <wrbtrader> Reminder about a keep element of WRB Analysis involving contraction/expansion...
[14:59:37] <wrbtrader> After a few tight low volatility trading days...it sets up a trend day
[15:01:05] <wrbtrader> Thus, beginning tomorrow I will become more aggressive in my trading...hopefully that trend day appears this week and this is not some early signs of an extended low volatility trading action for several weeks
[15:01:21] <wrbtrader> Take care all and see all tomorrow
[15:02:26] <platform115> Thanks wrbtrader
[15:09:52] <platform115> Short ES 1892.25
[15:10:55] <platform115> Covered 1890.50 +1.75 WRB pt1 reached
[15:13:29] <platform115> Short ES 1889.75
[15:14:45] <platform115> Covered ES 1889 -.75 Too choppy to stay in
[15:18:19] <t4n> strong snap back from the lod
[15:57:01] <platform115> ok folks, I'm out of here. See all tomorrow
[19:59:15] * Disconnected
Session Close: Tue Feb 02 19:59:16 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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