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 Post subject: February 5th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Feb 06, 2016 10:43 am 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
Price Action Trading (no technical indicators)
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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:
020516-Key-Price-Action-Markets.png
020516-Key-Price-Action-Markets.png [ 1.11 MiB | Viewed 301 times ]

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

Session Start: Fri Feb 05 07:28:30 2016
Session Ident: ##TheStrategyLab
[07:28:30] * Now talking in ##TheStrategyLab
[07:28:30] * 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'
[07:28:30] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[07:28:31] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[07:45:13] <BobC_____> GM Traders
[07:45:23] <Sharif> gm all
[07:45:26] <Sharif> hey bob
[07:46:11] <BobC_____> Hi Sherif
[07:46:24] <BobC_____> US KMEs today
[07:46:29] <BobC_____> http://ft.trillian.im/b041db1abe3dee8e8 ... PhTx44.jpg
[09:11:52] <kadtje> hi all
[09:12:00] <Sharif> gm
[09:12:19] <kadtje> gm sharif
[09:31:32] <Corner> Good morning all
[09:31:48] <patrader> Good morning
[09:32:00] <platform115> morning guys
[09:32:17] <Sharif> are we all guys?
[09:32:22] <Sharif> any ladies?
[09:32:31] <Sharif> just curious, nothing like that.
[09:32:51] <Tigerman_____> gm all
[09:33:17] <kadtje> Shorts Emini NQ @ 4138.75
[09:33:27] <kadtje> Covered all Emini NQ Short @ 4143.75 --> - 5
[09:33:42] <kadtje> sorry
[09:33:58] <kadtje> Shorts Emini NQ @ 4143.75
[09:34:12] <kadtje> Covered all Emini NQ Short @ 4138.75 --> + 5
[09:37:54] <kadtje> mm
[09:44:22] <wrbtrader> Long Emini ES @ 1897.25 -> large size
[09:44:52] <wrbtrader> Exited all Emini ES Long @ 1896.75 --> - 0.5
[09:45:26] <wrbtrader> Long Emini ES @ 1897.75 -> large size
[09:45:41] <wrbtrader> 10 contracts
[09:47:44] <wrbtrader> Exited all Emini ES Long @ 1895.25 --> - 2.5
[09:48:36] <wrbtrader> Shorts Emini ES @ 1893.00 -> large size
[09:48:46] <wrbtrader> 10 contracts
[09:50:20] <wrbtrader> Covered all Emini ES Short @ 1893.00 --> 0
[09:51:17] <wrbtrader> Shorts Emini ES @ 1892.75 -> large size
[09:51:26] <wrbtrader> re-entry
[09:52:56] <wrbtrader> Covered all Emini ES Short @ 1892.50 --> + 0.25
[09:53:22] <wrbtrader> :(
[09:53:37] <kadtje> Long Emini NQ @ 4106.00
[09:53:57] <Sharif> long ES @ 1895.75
[09:54:42] <Sharif> stopped out -2
[09:55:58] <Sharif> re entry @ 1895
[09:57:20] <kadtje> Exited all Emini NQ Long @ 4111.00 --> + 5
[09:59:21] <platform115> Short ES 1898.25
[09:59:31] <Sharif> stopped with +1.25
[10:00:44] <platform115> Covered ES 1895.75 +2.5
[10:04:30] <kadtje> Long Emini NQ @ 4110.50
[10:04:45] <Sharif> i went long ES @ 1897.25
[10:05:01] <Sharif> stopped out with +.75
[10:08:05] <kadtje> Exited all Emini NQ Long @ 4106.50 --> - 4
[10:09:24] <Tigerman_____> junky action till now
[10:09:33] <Tigerman_____> apart some decent move at start
[10:09:46] <platform115> pretty much
[10:09:57] <Tigerman_____> no Kme on sight
[10:12:02] <Sharif> still choppy
[10:12:09] <Corner> Linkedin 40% lower today. I try to read PA there...
[10:14:25] <Corner> Mhhh. Too choppy and too thin :-(
[10:15:33] <Corner> Long LNKD 117.78 small
[10:18:21] <Tigerman_____> corner that stock is not tiny is ultra tiny :)
[10:19:12] <Tigerman_____> unless one swing or position trade hard regain commission cost
[10:19:41] <Tigerman_____> today it is beaten a lot
[10:19:55] <Corner> I don't do as many trades as you :-)
[10:20:04] <wrbtrader> nice looking Down WRB HG intervals in LNKD
[10:20:30] <wrbtrader> They should cough up some trade opportunities
[10:21:27] <Tigerman_____> issue also is liquidity,put some size clean up some book levels
[10:24:13] <Corner> Exit LNKD 118.00 +0.22 :-(
[10:24:21] <Corner> ok too thin...
[10:25:25] <wrbtrader> Shorts Emini ES @ 1891.50 -> large size
[10:25:43] <wrbtrader> 10 contracts
[10:26:41] <wrbtrader> Covered all Emini ES Short @ 1891.00 --> + 0.5
[10:27:08] <wrbtrader> That was an intuitional trade
[10:28:28] <wrbtrader> Shorts Emini ES @ 1891.75 -> large size
[10:28:34] <wrbtrader> 20 contracts
[10:29:03] <wrbtrader> Emini futures did a strange hesitation when others started pushing downward...it actually ticked higher :)
[10:29:10] <wrbtrader> setup a good entry
[10:30:08] <wrbtrader> WRB pt1 reached but the volatility is strange right now
[10:31:16] <wrbtrader> Hope all is aware of the background of Bernie Sanders...
[10:31:28] <wrbtrader> He's not in the camp for "retail traders" :(
[10:31:46] <wrbtrader> a little off topic abouot his history
[10:31:49] <Corner> ES again holding up again while other do down
[10:32:33] <Sharif> can you speak a bit more on that topic wrbtrader?
[10:32:37] <Sharif> why and how is he not?
[10:32:38] <wrbtrader> Corner...sometimes when I see that...others pushing hard and Emini ES holding still or going the opposite direction by 3 - 5 ticks...
[10:32:53] <wrbtrader> I think its HFT involvement
[10:33:16] <wrbtrader> some sort of arbs going on
[10:33:45] <Corner> I think a lot HFT trade the big wedge formation...
[10:33:53] <Corner> as a reversal
[10:34:42] <mtntrader__> Sanders is a self-avowed socialist. Wants capitalists to fund everything.
[10:35:01] <Sharif> i wished he used the term, "democratic socialist"
[10:35:12] <Sharif> you know he will have tons of folks against him just on that "socialist" comment
[10:35:50] <patrader> I think he specifically proposed taxing speculative trading directly
[10:36:09] <Sharif> hmmm
[10:36:11] <wrbtrader> Covered all Emini ES Short @ 1889.00 --> + 2.75
[10:36:20] <platform115> wow had not heard that. I thought he was targeting HFT / algos
[10:36:47] <kadtje> Long Emini NQ @ 4084.50
[10:36:53] <wrbtrader> He tried to drum up some laws, new fees to kill day trading back when it became popular due to that prop firm mass killing back then..he also strongly believes day trading and algos are very bad for the markets
[10:37:24] <platform115> jeez..
[10:37:31] <wrbtrader> That was back many years ago...not sure what his opinion is now that he's trying to run for president
[10:37:49] <wrbtrader> especially considering he recently changed some of his strong views about "gun control"
[10:38:04] <patrader> Here's a good article
[10:38:08] <wrbtrader> Kind'uv funny how their opinions change as soon as they decide to run for president :)
[10:38:09] <patrader> http://www.wsj.com/articles/the-bernie- ... 1453419087
[10:38:25] <patrader> He wants a 50 cent tax on every $100 of stock trades
[10:38:39] <patrader> You think your commissions are eating into your profits now, Tigerman?
[10:39:06] <Corner> Taking money from the Gordon Gekkos is always popular...
[10:39:20] <Sharif> see that then confuses me, he is trying to "fix" something, meanwhile, he is ruining something else.
[10:39:30] <Corner> Really doing it is stupid
[10:39:43] <kadtje> Exited all Emini NQ Long @ 4083.50 --> - 1
[10:39:49] <kadtje> :(
[10:39:50] <Sharif> but realistically speaking...like any president can change the banking industry.
[10:40:22] <Tigerman_____> 38 <patrader> You think your commissions are eating into your profits now, Tigerman? yeah sure
[10:40:31] <Tigerman_____> I do lot of trades
[10:40:41] <Tigerman_____> my nature I have to calm down
[10:41:00] <Corner> Tigerman is "Mr. Overtrade" .-)
[10:41:04] <patrader> I know. I was being sarcastic that if Bernie gets elected and puts a tax on every transaction none of us will be able to trade.
[10:41:24] <Tigerman_____> I did around 40 rt from start today
[10:41:25] <xtrader34__> That's on stocks - will it apply to futures ?
[10:41:55] <patrader> Who knows?
[10:42:09] <Tigerman_____> 40 <Corner> Tigerman is "Mr. Overtrade" .-) yeah I like action
[10:42:24] <Sharif> we live in a world, where Fed Res Bank/Board exists...an entity that is NOT a federal entity in ANYWAY. There's not even a single law written where we have to pay fed income tax. Yet 3mo of our income every year, goes to them. Them who? Who owns the fed res board? rockefellers, and etc. So....what's the president gonna do?
[10:42:32] <Tigerman_____> anyway I trade ONLY if I see a reason
[10:42:39] <patrader> I doubt it will really happen, but given that a futures contract represents ~$100k in stocks, that would be quite a tax if applied equally to futures.
[10:43:50] <Tigerman_____> transaction tax was proposen in EU time ago
[10:44:05] <Tigerman_____> only few countries apply that
[10:44:08] <patrader> Sure. That's crazy Tiger, 40 rt. Who do you use?
[10:44:14] <Tigerman_____> and only for some instruments
[10:44:34] <Sharif> short es @ 1892.75
[10:44:44] <Tigerman_____> pat...as platform ?
[10:44:56] <patrader> Yeah.
[10:45:35] <Tigerman_____> usually IB and some EU broker
[10:45:50] <Tigerman_____> maybe one day I move to Xtrader
[10:46:28] <patrader> Got it. IB is pretty cheap. My broker (AMP) did a "Black Friday" special at the end of 2015... Unlimited $0 commission trades in 2016 for $1000.
[10:47:01] <patrader> Obviously you have to pay the exchange, data fees, etc. but I thought that was a little crazy.
[10:47:20] <Sharif> covered with +.75
[10:47:27] <patrader> It also put me on alert that I probably need a new broker because they're probably going under if they're offering things like that.
[10:47:39] <Tigerman_____> wow 1000$ ONLY for entire 2016??
[10:47:59] <Tigerman_____> yeah AMP seems undercapitalized
[10:48:01] <patrader> Yeah. Crazy right?
[10:48:14] <Corner> A trading flatrate? Seriously?
[10:48:31] <Sharif> i tried AMP before....i didn't have a good experience, how do you like them?
[10:48:35] <Tigerman_____> yeah broker safety is a BIG issue
[10:49:13] <Tigerman_____> the problem they can use customer money if something goes wrong
[10:49:24] <Tigerman_____> tief apart
[10:49:44] <Tigerman_____> I mean they use customer money to cover others customers loss :(
[10:49:46] <patrader> They're fine. They're obviously super low cost, so you don't expect much by way of customer service.
[10:50:19] <patrader> My account statements have literally had typos on them before
[10:50:30] <patrader> My tax statements are e-mailed not securely with my SS on them
[10:50:32] <patrader> etc
[10:50:44] <Sharif> that's not cool
[10:50:45] <patrader> But they're cheap as heck
[10:50:52] <Tigerman_____> for example when swiss cut off Euro peg some brokers lost more then 200 milions $$$
[10:50:53] <Sharif> you get what you pay for, i guess
[10:51:28] <patrader> Yeah exactly.
[10:51:46] <Tigerman_____> to trade we need some size
[10:51:47] <wrbtrader> Shorts Emini ES @ 1887.50 -> large size
[10:51:54] <patrader> But to Tigerman's point, if the market starts going south in a big way, I'm taking all my money out of that account for a while.
[10:51:55] <wrbtrader> 10 contracts
[10:51:58] <patrader> I don't trust them.
[10:53:10] <wrbtrader> :(
[10:53:30] <wrbtrader> I had a WRB pt1 but it was too shallow (small) for me to notice
[10:55:39] <wrbtrader> Covered all Emini ES Short @ 1886.50 --> + 1
[10:56:16] <wrbtrader> Did it again but I was a little more ready this time although I wasn't fast enoough to grab 1885.75
[10:58:20] <Corner> Long CL 31.99
[10:59:32] <Tigerman_____> volatility increase
[10:59:54] <wrbtrader> Shorts Emini ES @ 1883.50 -> large size
[11:00:06] <wrbtrader> trade error
[11:00:10] <wrbtrader> will hold
[11:00:21] <wrbtrader> I tried to cancel that order before it got filled
[11:01:00] <wrbtrader> Covered all Emini ES Short @ 1884.50 --> - 1
[11:01:31] <Tigerman_____> price retrace recent wrb hg in 1min ES
[11:02:00] <wrbtrader> Yeah...current price is where I wanted to Short at
[11:02:25] <wrbtrader> Shorts Emini ES @ 1884.25 -> large size
[11:02:34] <wrbtrader> 10 contracts
[11:03:15] <wrbtrader> Emini ES resisting again
[11:04:06] <wrbtrader> Covered all Emini ES Short @ 1882.75 --> + 1.5
[11:05:28] <Corner> Exit CL 31.79 -0.20
[11:07:49] <kadtje> wow nq down 2.4%
[11:08:23] <kadtje> 1% more than other markets
[11:19:24] <wrbtrader> Shorts Emini ES @ 1879.25 -> large size
[11:19:33] <wrbtrader> 20 contracts
[11:20:00] <kadtje> Shorts Emini NQ @ 4047.25
[11:20:11] <kadtje> Covered all Emini NQ Short @ 4044.25 --> + 3
[11:20:24] <wrbtrader> i'm just a little too slow today on those types of price movement in comparison to recent weeks :(
[11:21:19] <Corner> DAX at critical support at the end of trading session
[11:23:50] <Corner> Volkswagen announced delay of report today - stock went up
[11:23:57] <Corner> very strange
[11:24:34] <Tigerman_____> maybe they discover new ways to reduce gas emissions :)
[11:24:47] <kadtje> hihi
[11:25:38] <Corner> Maybe they ordered too much support-buying at their banks for the bad news :-)
[11:26:09] <Corner> They have a history of strange market behaviour
[11:26:26] <wrbtrader> Covered all Emini ES Short @ 1875.00 --> + 4.25
[11:26:33] <kadtje> maybe maybe but german cars are the best imo
[11:26:38] <wrbtrader> WRB pt1 reached
[11:26:52] <Tigerman_____> nice wrbtrader I entered in coincidence at your same point in ES
[11:27:03] <Tigerman_____> my results was lower :(
[11:27:36] <Tigerman_____> just 1 point after also a re-entry
[11:28:02] <Tigerman_____> simply I m fast to exit and fast to get profit too
[11:30:23] <Sharif> long es @ 1878
[11:30:55] <Corner> Long ES 1879.00
[11:31:41] <wrbtrader> My entries have been poor today and I notice such late yesterday in yesterday's trading session.
[11:31:55] <wrbtrader> May take an early day off next week
[11:32:32] <Sharif> ah...stopped out wit h+.75
[11:33:11] <Corner> Exit ES 1879.00 +0.00
[11:34:18] <Sharif> long es @ 1877.75
[11:34:20] <Sharif> re entry
[11:40:34] <Sharif> stopped out again... +.75
[11:41:26] <Sharif> re entry again @ 1879.75
[11:44:46] <Sharif> that was a bad trade, -3
[11:50:07] <Sharif> ok treying again. 1878 long
[11:51:01] <kadtje> Long Emini NQ @ 4042.50
[11:51:25] <kadtje> Exited all Emini NQ Long @ 4046.50 --> + 4
[11:51:47] <Lightenup1> Long tf 992.50
[11:53:29] <kadtje> it looks they find support
[11:54:13] <Lightenup1> Flat tf 992.70 +.2
[11:55:15] <Sharif> closed it too early....+3325
[11:55:19] <Sharif> 3.25
[11:55:22] <kadtje> find ..found ggr my englisch is bad
[11:55:58] <Sharif> i understand what you are saying/trying to say. you are fine friend.
[11:56:18] <kadtje> tx sharif
[11:56:43] <Sharif> ok
[11:56:50] <Sharif> i'm getting bored
[11:56:53] <Sharif> aka. time to stop trading
[11:57:13] <kadtje> go for a walk outside :)
[11:57:19] <Sharif> yeah, gonna take the dogs for a walk
[11:57:27] <kadtje> :)
[11:57:30] <mtntrader__> Werner, your English is certainly understandable.
[11:57:54] <Sharif> i think i'm done with trading live.
[11:57:58] <kadtje> ok thank you
[11:57:58] <Sharif> bye all
[11:58:14] <kadtje> bye sharif
[11:58:20] <Lightenup1> Long tf 993.00
[11:58:31] <Sharif> bye all .
[11:58:40] <Lightenup1> bye
[12:02:09] <Lightenup1> Flat tf 994.20 +1.2
[12:02:21] <Lightenup1> Point 1 reached
[12:09:51] <Tigerman_____> take care all have a safe weekend see next week
[12:09:59] <wrbtrader> Shorts Emini ES @ 1880.50 -> small size
[12:10:04] <wrbtrader> 5 contracts
[12:10:12] <wrbtrader> bye tigerman
[12:15:49] <wrbtrader> Covered all Emini ES Short @ 1878.00 --> + 2.5
[12:16:00] <wrbtrader> incorrect...
[12:16:18] <wrbtrader> Covered all Emini ES Short @ 1880.00 --> + 0.5
[12:17:42] <kadtje> in about 2 weeks in ski here in austria .... good too ski in quebec at this moment wrb?
[12:17:53] <kadtje> is is on
[12:18:00] <kadtje> in is on
[12:18:02] <kadtje> pff
[12:20:41] <kadtje> Long Emini NQ @ 4048.75
[12:22:37] <kadtje> Exited all Emini NQ Long @ 4050.75 --> + 2
[12:22:43] <kadtje> brr
[12:25:45] <kadtje> dogy in the 1 min took me out
[12:26:11] <kadtje> :(
[12:41:50] <kadtje> Long Emini NQ @ 4053.00
[12:43:06] <kadtje> Exited all Emini NQ Long @ 4053.00 --> 0
[12:44:19] <kadtje> mm dinner here bbl
[12:56:31] <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
[13:09:41] <patrader> Price in the area of prior down WRBHG ES 1 min
[13:10:23] <patrader> Still unfilled, just barely
[13:37:04] <Lightenup1> Short tf 992.10
[13:39:40] <Lightenup1> Flat tf 991.40 +7
[13:50:09] <kadtje> wow nq-3.3%
[13:55:47] <Sharif> i'm back and couldn't help myself
[13:55:54] <Sharif> i went long at 1873.75
[13:55:57] <Sharif> ES
[13:56:28] <kadtje> vn
[13:56:53] <Sharif> target filled @ +4
[13:56:56] <kadtje> to late here
[13:57:34] <Sharif> also wrb pt1
[14:05:09] <Sharif> long again @ 1874.25
[14:07:19] <Sharif> stopped out with +.25
[14:08:23] <Sharif> well its different per market
[14:08:28] <Sharif> like 15m the ATR is 6.4
[14:08:36] <Sharif> 1m, the ATR is 1.56
[14:08:47] <Sharif> sorry, wrong chat window
[14:17:26] <kadtje> djeez
[14:17:40] <kadtje> nq
[14:22:13] <kadtje> Long Emini NQ @ 4008.25
[14:22:21] <Sharif> long es @ 1870
[14:24:10] <kadtje> Exited all Emini NQ Long @ 4017.00 --> + 8.75
[14:24:23] <kadtje> cant hold it
[14:24:29] <kadtje> :(
[14:24:50] <Sharif> covered @ 1872.5 --> 2.5
[14:27:22] <kadtje> Shorts Emini NQ @ 4010.75
[14:27:35] <kadtje> Covered all Emini NQ Short @ 4009.25 --> + 1.5
[14:28:00] <Sharif> long es @ 1870.75
[14:28:45] <Sharif> stopped out +.25
[14:28:55] <Sharif> ok i'm really done trading. bye again
[14:29:14] <kadtje> ok have a nice wk
[14:29:32] <Lightenup1> bye me to have a great weekend all
[15:30:55] <kadtje> Shorts Emini NQ @ 4021.25
[15:31:10] <kadtje> Covered all Emini NQ Short @ 4018.75 --> + 2.5
[15:31:33] <kadtje> ok gn and nice wk all
[15:40:46] <wrbtrader> Shorts Emini ES @ 1868.00 -> large size
[15:40:56] <wrbtrader> 10 contracts
[15:43:08] <wrbtrader> Covered all Emini ES Short @ 1869.75 --> - 1.75
[15:46:02] <wrbtrader> Long Emini ES @ 1870.50 -> large size
[15:46:12] <wrbtrader> 10 contracts
[15:48:09] <wrbtrader> Exited all Emini ES Long @ 1870.75 --> + 0.25
[15:49:28] <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.
[15:50:43] <wrbtrader> Shorts Emini ES @ 1869.75 -> large size
[15:50:50] <wrbtrader> 10 contracts
[15:51:14] <wrbtrader> Emini TF futures pushing down hard on increasing volatility...
[15:51:21] <wrbtrader> Emini ES barely moving
[15:52:50] <wrbtrader> Covered all Emini ES Short @ 1869.50 --> + 0.25
[15:52:54] <wrbtrader> :(
[15:58:26] <wrbtrader> snapback Up
[15:58:44] <wrbtrader> Shorts Emini ES @ 1870.50 -> large size
[15:58:52] <wrbtrader> 10 contracts
[15:58:55] <wrbtrader> re-entry
[15:59:42] <wrbtrader> Covered all Emini ES Short @ 1871.75 --> - 1.25
[16:01:35] <wrbtrader> Shorts Emini ES @ 1873,75 -> large size
[16:01:44] <wrbtrader> re-entry
[16:02:16] <wrbtrader> Emini ES fought its way back up while Emini TF was pushing lower and then they both stalled
[16:02:35] <wrbtrader> TF started climbing higher and now stalled again
[16:04:37] <platform115> I always have a hard time figure out which one is leading in these situations
[16:04:53] <wrbtrader> Covered all Emini ES Short @ 1872.00 -> + 1.75
[16:05:17] <wrbtrader> Just churning into the close
[16:05:55] <wrbtrader> I was expecting more directional movement...downwards but the volatility increase wasn't enough to shake things up
[16:06:50] <mtntrader__> Kind of a wild week. Good to see some volatility come back. I thought we were headed for hibernation on Monday.
[16:07:39] <platform115> true. It has been a bit strange. I went back and looked, and Feb and March are never really that great so hopefully we can keep some momentum going
[16:08:13] <wrbtrader> Yeah...I thought the same thing after seeing Monday and Tuesday's price action
[16:08:22] <wrbtrader> Take care all and see all on Monday
[16:08:31] <platform115> thanks, you too
[16:18:39] <mtntrader__> See you later.
[19:23:29] * Disconnected
Session Close: Fri Feb 05 19:23:29 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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