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 Post subject: February 12th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Fri Feb 12, 2016 6:59 pm 
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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
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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:
021216-Key-Price-Action-Markets.png
021216-Key-Price-Action-Markets.png [ 1.03 MiB | Viewed 270 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 bbl
[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:

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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