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@ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164 ##TheStrategyLab Archive Chat Logs Attachment:
021216-Key-Price-Action-Markets.png [ 1.03 MiB | Viewed 277 times ]
click on the above image to view today's price action of key markets Session Start: Fri Feb 12 09:29:25 2016
Session Ident: ##TheStrategyLab
[09:29:25] * Now talking in ##TheStrategyLab
[09:29:25] * 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'[09:29:25] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:29:25] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:41:40] <wrbtrader> Good morning all...not much happening so far with the Emini futures but Crude Oil CL futures pushing higher
[09:42:06] <wrbtrader> Gold GC futures has been in the new recently but it doesn't seem to be doing much either
[09:42:48] <xtrader34__> maybe exhausted after all that crazy PA yesterday
[09:44:15] <Sharif> short @ 1840.75
[09:46:56] <Sharif> damn it, tight trail, covered w/ +1.25
[09:48:00] <xtrader34__> KME @ 10
[09:52:50] <Sharif> long es @ 1838.25
[09:54:49] <Sharif> stopped out w/ +.75
[09:55:07] <wrbtrader> I hate when price action is comatose like this with a pending KME
[09:58:55] <wrbtrader> Shorts Emini ES @ 1837.00 -> large size
[09:58:58] <Sharif> short es @ 1837.25
[09:59:04] <wrbtrader> 10 contracts
[10:00:52] <wrbtrader> WRB pt1 reached
[10:01:06] <wrbtrader> I'm lucky because I almost dumped that @ breakeven
[10:01:56] <Sharif> out w/ +3.5
[10:03:11] <wrbtrader> Covered all Emini ES Short @ 1836.25 --> + 0.75
[10:04:11] <wrbtrader> Shorts Emini ES @ 1835.75 -> large size
[10:04:18] <wrbtrader> 25 contracts
[10:04:19] <Sharif> short es @ 1835.25
[10:04:34] <wrbtrader> re-entry
[10:05:05] <Sharif> mother, stopped out w/ -1
[10:05:29] <wrbtrader> Covered all Emini ES Short @ 1837.50 --> - 1.75
[10:06:04] <Sharif> re entry again, short @ 18837.25
[10:07:44] <Sharif> stopped out w/ +.75
[10:14:23] <platform115> Short ES 1838
[10:14:29] <wrbtrader> Shorts Emini ES @ 1838.50 -> large size
[10:14:45] <wrbtrader> re-entry
[10:18:14] <Lightenup1> Shot tf 958.00
[10:18:17] <Sharif> short es @ 1837.50
[10:18:32] <Sharif> got in too early
[10:18:44] <Lightenup1> Short tf 957.90 +.1
[10:19:32] <Sharif> stopped out w/ -2
[10:19:36] <wrbtrader> Covered all Emini ES Short @ 1839.50 --> - 1
[10:20:01] <wrbtrader> the speed is back again
[10:20:16] <wrbtrader> Long Emini ES @ 1843.00 -> large size
[10:20:17] <Sharif> taking out all the stop losses
[10:21:55] <wrbtrader> Exited all Emini ES Long @ 1843.00 --> 0
[10:24:27] <wrbtrader> something strange about this price area...reason why I dumped it...other key markets stuck inside the range of a Down WRB HG or contracting in their volatility
[10:27:17] <mtntrader___> Long ES 1843.25
[10:29:55] <mtntrader___> Out at scratch
[10:31:58] <mtntrader___> Long ES 1844.00
[10:35:14] <TradeSnake______> Short GC @ 1237.5
[10:36:58] <platform115> Short ES 1843.50
[10:37:07] <mtntrader___> Covered all 1843.50, -.5
[10:38:06] <platform115> Covered ES 1841.50 +2
[10:38:14] <platform115> WRB pt1 reached
[10:38:38] <Sharif> SHORT ES @ 1842.5
[10:38:52] <Sharif> error entry..
[10:39:42] <mtntrader___> Long ES 1843.00
[10:40:42] <wrbtrader> Long Emini ES @ 1842.50 -> large size
[10:40:59] <wrbtrader> re-entry
[10:41:22] <wrbtrader> strange price action still inside that upper range
[10:42:43] <Sharif> stopped out w/ -1.25
[10:43:19] <TradeSnake______> Long TF @ 959.6
[10:44:00] <TradeSnake______> Covered TF @ 959.8 --> +0.2
[10:44:20] <mtntrader___> Out at scratch again
[10:44:49] <TradeSnake______> Covered GC @ 1240.3 --> -2.7
[10:44:54] <wrbtrader> Exited all Emini ES Long @ 1842.25 --> - 0.25
[10:45:23] <wrbtrader> retesting the S area of that choppy contraction in volatility
[10:45:33] <wrbtrader> w
[10:45:49] <wrbtrader> now below the R area of its most recent Up WRB HG interval
[10:48:56] <wrbtrader> I don't think I've ever experience chop like this before
[10:49:08] <wrbtrader> Its relenthless
[10:49:10] <Sharif> wow
[10:49:21] <Sharif> if you are saying that..
[10:49:29] <wrbtrader> no human trades like that
[10:49:29] <Sharif> must be really extreme
[10:49:32] <platform115> seriously, that is saying something
[10:49:46] <wrbtrader> Its algos doing this crap
[10:49:59] <Sharif> this whole week
[10:50:05] <mtntrader___> Long ES 1841.75
[10:50:12] <mtntrader___> One more try
[10:50:35] <wrbtrader> Long Emini ES @ 1843.00 -> large size
[10:50:52] <wrbtrader> back to the 43 area
[10:51:25] <xtrader34__> pure machine trading now - time to sit back to see who wins this battle
[10:52:04] <wrbtrader> I'm pssst...I'm about to send Holly Holms to the CME to kick some butt
[10:52:40] <mtntrader___> I would think that if we can break the R area at 45, we could get legs to the long side.
[10:54:36] <wrbtrader> Take a look at Crude Oil CL futures...
[10:54:50] <wrbtrader> It too is in some strange looking price action...
[10:54:55] <wrbtrader> Its stuck
[10:55:28] <wrbtrader> Almost as if something has happen that's freaking out Wall Street
[10:55:41] <xtrader34__> This is insane chop
[10:56:17] <wrbtrader> Can it be all that "negative interest" rate talk
[10:56:19] <mtntrader___> Out all at 1842.50, +.75
[10:57:12] <wrbtrader> Exited all Emini ES Long @ 1841.00 --> - 2
[10:57:47] <wrbtrader> back to that S area of all this chop
[11:00:19] <wrbtrader> Long Emini ES @ 1843.00 -> large size
[11:00:40] <wrbtrader> Here we go again...back to where it all began
[11:01:22] <wrbtrader> They must be getting "threats" up around the 44 area
[11:03:02] <wrbtrader> Exited all Emini ES Long @ 1843.25 --> + 0.25
[11:04:13] <wrbtrader> Long Emini ES @ 1843.00 -> large size
[11:04:21] <wrbtrader> re-entry
[11:04:54] <wrbtrader> If it can stay inside the range of its most recent Up WRG HG interval...I'll keep hammering at a Long position
[11:05:09] <wrbtrader> back to another S area
[11:06:54] <wrbtrader> I need one of those crazy spike ups while Long to keep me from calling it quits...this is depressing so far
[11:07:51] <mtntrader___> How's that for you, wrbtrader? ;-)
[11:08:18] <wrbtrader> not good enough but it saves my keyboard from destruction
[11:08:28] <mtntrader___> Ha
[11:09:23] <mtntrader___> Long 1844.75
[11:11:09] <wrbtrader> Days like this you wish you knew some "voodoo" or "black magic"
[11:12:50] <wrbtrader> Exited all Emini ES Long @ 1847.25 --> + 4.25
[11:14:54] <wrbtrader> geeesh
[11:15:29] <wrbtrader> The market is giving us a lot of valuable trading lessons since the New Year...
[11:15:46] <wrbtrader> Write it all down, downloads charts and never forget
[11:15:59] <mtntrader___> Agreed. Seems like every day is a new adventure.
[11:18:26] <platform115> What conclusions could be drawn from this action though? I mean, obviously it is very unusual, but there was an extreme contraction, then an extreme directional move. Basically just keep an eye out for this and jump on the wave in the future?
[11:19:45] <wrbtrader> Yes if you're lucky enough to find a trade signal or you keep hammering at at price action area that was the location of a prior trade signal
[11:21:25] <platform115> makes sense. I have a question about yesterday. The extreme spike upwards that happened in seconds in the afternoon. Has anyone ever been caught on the wrong side of a trade like that? If you had been in a short position with a -4pt stop - would that stop have been accurately hit? Or would it slip right past it?
[11:24:32] <wrbtrader> Fast moves like that will get your stop after you're caught like deer staring into oncoming headlights
[11:27:09] <wrbtrader> Long Emini ES @ 1852.00 -> large size
[11:27:22] <wrbtrader> 10 contracts
[11:30:58] <mtntrader___> Covered half at 1854.25, +9.5
[11:31:06] <mtntrader___> PT reached
[11:31:16] <wrbtrader> Exited all Emini ES Long @ 1854.00 --> + 2
[11:32:12] <wrbtrader> WRB pt1 reached
[11:40:32] <wrbtrader> toughest price action today all year so far
[11:41:37] <mtntrader___> It is testing all of our patience.
[11:41:41] <wrbtrader> It requires an "asterisk" for the trading day
[11:55:07] <mtntrader___> Out balance 1849.75, +5
[11:56:21] <mtntrader___> Gave back too much because of this ridiculous PA.
[12:01:29] <wrbtrader> Shorts Emini ES @ 1850.25 -> large size
[12:01:45] <wrbtrader> 10 contracts
[12:01:48] <wrbtrader> trade error
[12:02:21] <wrbtrader> Covered all Emini ES Short @ 1850.50 --> - 0.25
[12:05:45] <mtntrader___> Long ES 1851.00
[12:15:41] <mtntrader___> Covered all 1851.50, +.5
[12:21:28] <mtntrader___> Long ES 1851.75
[12:32:24] <mtntrader___> Covered all 1852.00, +.25
[12:41:30] <platform115> Short ES 1852.50
[12:42:56] <kadtje> hi all
[12:43:28] <platform115> hey kadtje
[12:43:50] <kadtje> hi plat 115
[12:44:02] <mtntrader___> Long ES 1853.00
[12:44:27] <platform115> Covered ES 1853 -.5
[12:46:19] <platform115> Short ES 1852.75 re-entry
[12:46:54] <mtntrader___> Out at scratch
[12:47:17] <platform115> Same here. This is tough. I'm watching again for a while
[12:47:56] <mtntrader___> Ha, we are just making the brokers happy now.
[12:48:46] <kadtje> Shorts Emini NQ @ 4003.75
[12:48:59] <platform115> one more try.. Short ES 1852.75
[12:49:37] <platform115> Covered ES 1851.75 +1 Good enough
[12:50:24] <kadtje> Covered all Emini NQ Short @ 4001.50 --> + 2.25
[12:52:06] <kadtje> early exit
[12:54:29] <kadtje> Long Emini NQ @ 4002.50
[12:54:59] <mtntrader___> Long ES 1853.00, re-entry
[12:55:14] <kadtje> Exited all Emini NQ Long @ 4004.50 --> + 2
[13:00:16] <kadtje> Shorts Emini NQ @ 3938.00
[13:00:40] <mtntrader___> Out 1851.00, -2
[13:05:22] <kadtje> Shorts Emini NQ @ 3983.00
[13:06:17] <kadtje> sorry
[13:07:15] <kadtje> Shorts Emini NQ @ 3986.50
[13:07:41] <kadtje> sorry
[13:08:03] <kadtje> Shorts Emini NQ @ 3991.50
[13:08:20] <kadtje> Covered all Emini NQ Short @ 3986.50 --> + 5
[13:09:40] <kadtje> demand zone nq here?
[13:12:23] <wrbtrader> I need to be careful here in the mid day trading session...
[13:12:43] <wrbtrader> Just had a trade signal I didn't take and it would have resulted as a loss
[13:25:25] <kadtje> Long Emini NQ @ 3978.00
[13:27:10] <mtntrader___> Long ES 1847.00
[13:29:09] <kadtje> Exited all Emini NQ Long @ 3985.00 --> + 7
[13:31:22] <mtntrader___> Out 1848.00, +1
[13:37:03] <kadtje> dinner here
[13:37:21] <mtntrader___> Long ES 1849.00
[13:37:40] <Sharif> long at 1848375
[13:39:33] <Sharif> got out w/ 0
[13:39:41] <Sharif> should've gotten out at the height
[13:47:42] <mtntrader___> Out 1849.50. +.5
[14:16:42] <mtntrader___> Long ES 1854.75
[14:20:05] <mtntrader___> Out 1852.75, -2
[14:24:27] <mtntrader___> Long ES 1853.25
[14:24:48] <mtntrader___> Intuition
[14:29:37] <mtntrader___> Out 1854.75, +1.5
[14:35:03] <kadtje> at the horses here ..nice wk all
[15:19:11] <platform115> I'm done guys. Good luck, hopefully there's a good push at the end of the session
[15:20:37] <wrbtrader> I hope there is a good push at the end to make it worth my time staying here late this afternoon
[15:30:23] <wrbtrader> geeesh
[15:30:49] <wrbtrader> spike up just got killed in the next interval via a spike back down
[15:31:00] <mtntrader___> Could be a wild close, wrbtrader.
[15:31:06] <wrbtrader> I almost got caught in it
[15:31:31] <wrbtrader> Yeah...I'm going to go get my cowboy hat and boots...could be a rodeo one
[15:42:55] <mtntrader___> Could be that the little spike up at the high was the blow off spike of the day.
[15:56:41] <wrbtrader> Long Emini ES @ 1860.25 -> large size
[15:56:54] <wrbtrader> 20 contracts
[15:58:40] <wrbtrader>
[15:59:35] <wrbtrader> Exited all Emini ES Long @ 1860.00 --> - 0.25
[16:00:21] <mtntrader___> Have a good weekend, wrbtrader and everyone.
[16:01:37] <wrbtrader> Price action is behaving at the end exactly how it started the trading day...
[16:01:52] <wrbtrader> That horrible fast pace chop in a tiny range
[16:02:39] <wrbtrader> Shorts Emini ES @ 1859.00 -> large size
[16:09:39] <wrbtrader> Covered 1/2 Emini ES Short @ 1857.50 --> + 1.5
[16:10:18] <wrbtrader> WRB pt1 reached
[16:13:12] <wrbtrader> Covered Remainder Emini ES Short @ 1858.50 --> + 0.5
[16:22:21] <wrbtrader> The misery is over
[16:22:34] <wrbtrader> Take care all, have a nice weekend and see all on Monday
[17:27:27] * Disconnected
Session Close: Fri Feb 12 17:27:27 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:
CME Emini Futures EMD, ES and NQ
ICE Emini TF Futures (formerly CME ER2)
CBOT mini-sized Dow Futures YM
Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50
Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz
Euronext Futures FTSE-100 and CAC-40
CME Futures EuroFX 6E and EC
Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB
Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen, Usd/Cad, Xau/Usd and Xag/Usd
Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD
NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG
COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI
S&P CNX NIFTY Futures
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
@
http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
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wrbanalysis@gmail.com