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 Post subject: March 9th Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Mar 10, 2016 6:48 am 
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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:
030916-Key-Price-Action-Markets.png
030916-Key-Price-Action-Markets.png [ 1.11 MiB | Viewed 297 times ]

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

Session Start: Wed Mar 09 07:23:29 2016
Session Ident: ##TheStrategyLab
[07:23:35] * Attempting to rejoin channel ##TheStrategyLab
[07:23:41] * Rejoined channel ##TheStrategyLab
[07:23:41] * 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'
[07:23:41] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[07:23:41] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[07:34:46] * wrbtrader_away is now known as wrbtrader
[09:22:26] <Sharif___> gm all
[09:27:50] <Senge> Good morning.
[09:30:44] <Cayden> crude oil KME 10:30 east- good morning
[09:31:03] <patrader> Good morning
[09:31:10] <Corner> Good morning all
[09:31:34] <patrader> Also have BOC Statement and Wholesale Inventories at 10 AM
[09:32:27] <patrader> Probably less relevant than Oil, but worth a mention
[09:35:31] <Cayden> Yesterday's ES mini close 1981.5- Yesterday's high 2000.25- Last weeks High 2007.5
[09:36:53] <TradeSnake______> Short GC @ 1249.8
[09:38:10] <Sharif___> Long ES @ 1983.75
[09:41:21] <Sharif___> early exit, but target hit @ 1986.75 --> +3
[09:41:36] <wrbtrader> Good morning all
[09:42:05] <Sharif___> are you gonna be leaving early today wrbtrader?
[09:42:11] <Tigerman_____> gm all
[09:42:46] <wrbtrader> Usually I do because of the kids school...but not today
[09:42:55] <Sharif___> ok cool
[09:43:46] <wrbtrader> Kids staying late after school for an activity and will be coming home today with a friend that has a kid also staying late for the same activity
[09:44:39] <Sharif___> sounds like you'll have your hands full later
[09:47:22] <TradeSnake______> Covered GC @ 1244.9 --> +4.9
[09:47:54] <TradeSnake______> Pt. 2 reached
[09:54:52] <Sharif___> short ES @ 1984.25
[10:00:11] <Sharif___> stopped out w/ -2
[10:02:05] <Cayden> a convincing move below 84 could have me short - wrb 2 minute @ 6:54- 6:56
[10:04:43] <Sharif___> short ES @ 1987
[10:05:55] <Cayden> all majors cash and futes now in positive territory with Nasdaq finally joining the party- check that NQ dasncing above and below QQQ positive though
[10:06:33] <Sharif___> stopped out w/ +1
[10:13:01] <Sharif___> Long ES @ 1983.25
[10:17:58] <Sharif___> grr...stopped out with +.25
[10:19:20] <Corner> Short ES 1983.50
[10:19:37] <Corner> pt1
[10:19:56] <Corner> Exit ES 1982.00 +1.50
[10:20:05] <wrbtrader> Hope all notice the volatility overall in the markets (VIX) has slowly been rising
[10:20:19] <wrbtrader> basically from 16 to 19
[10:20:26] <Sharif___> long ES @ 1982.25, re entry
[10:21:00] <wrbtrader> not enough to signal something big in the markets is happening but its trying to get there
[10:21:17] <wrbtrader> I would say anytime the VIX rises to like 25...
[10:21:31] <wrbtrader> Something is happening in the markets that should not be ignored
[10:21:34] <Sharif___> its trying hard, and i'm not exiting with +2, when all instances i've seen it. silly me
[10:22:24] <Sharif___> stopped out with +.5
[10:22:29] <Sharif___> did it again
[10:23:18] <Sharif___> long es @ 1982.5, rentry AGAIN
[10:25:08] <Sharif___> haha, stopped out w/ +.75
[10:25:43] <Cayden> With the Crude oil correlation lately- perhaps the 10:30 KME will bring in some volatilty in 4 minutes
[10:27:22] <Sharif___> its a ranging market until that KME, i was just trying to capitalize on it. forgetting that it was ranging until too late.
[10:27:31] <Sharif___> shouldve gotten out at the ceiling
[10:31:54] <Sharif___> i was waiting for this move...
[10:31:56] <Sharif___> missed it
[10:34:26] <Tigerman_____> sh spy 199.15
[10:35:06] <wrbtrader> 15min chart shows how tight this price action really is
[10:35:13] <Tigerman_____> exit all 199.25 -10tk
[10:35:50] <Senge> Long ES @ 1987.25
[10:36:13] <Tigerman_____> lg spy 199.38
[10:37:05] <wrbtrader> All WRB HG intervals except for the currently one trying to develop on the 1min chart of Emini ES futures
[10:37:28] <wrbtrader> meant all WRB HG intervals share a tick with each other
[10:37:49] <wrbtrader> except for the current one that just showed up on the 1min chart
[10:37:52] <Senge> Exit ES @ 1987.50 +.25
[10:39:23] <Tigerman_____> exit all Spy at 199.65 +7tk
[10:39:57] <Tigerman_____> opsss +27tks :)
[10:40:05] <wrbtrader> VIX back into the 18 range :(
[10:40:52] <wrbtrader> Long Emini ES @ 1989.75 -> large size
[10:40:58] <wrbtrader> 15 contracts
[10:41:49] <Cayden> I have 2 red down and 6 green uo WRBHG since cash open - yes all sharing a tick except the 10:35- 1min
[10:43:43] <Tigerman_____> lg spy 199.52
[10:43:48] <wrbtrader> Exited all Emini ES Long @ 1989.00 --> - 0.75
[10:45:18] <Tigerman_____> exit all at 199.55 +3tk
[10:45:22] <Tigerman_____> noizy area
[10:48:04] <wrbtrader> price action should have easily moved higher and it did not :(
[10:48:15] <Sharif___> yep
[10:48:19] <wrbtrader> Yet, it did try
[10:48:35] <Sharif___> i dont think its done trying tho, i think this is a little retracement
[10:48:42] <Sharif___> may drag like this for a while
[10:50:18] <wrbtrader> SPY retesting the lower shadow of its most recent long lower shadow interval on the 2min chart
[10:50:25] <wrbtrader> now below it
[10:51:13] <wrbtrader> big retracement
[10:51:28] <Sharif___> i dont think this is a retracement anymore...
[10:51:34] <wrbtrader> big Down WRB HG interval trying to develop
[10:51:42] <wrbtrader> doesn't look like its going to snapback
[10:52:40] <Sharif___> well that happened fast
[10:53:28] <t4n> whoa
[10:54:11] <Sharif___> i mean it makes sense, because its in a downward channel overall
[10:54:27] <wrbtrader> Shorts Emini ES @ 1981.00 -> large size
[10:54:33] <wrbtrader> 20 contracts
[10:54:52] <Tigerman_____> sh spy 198.61
[10:54:55] <wrbtrader> snapback didn't occur
[10:55:10] <wrbtrader> lets see if this can just slow grind further down
[10:55:50] <t4n> cl back in kme area
[10:55:51] <Tigerman_____> exit 2/3 50 +11tk
[10:56:16] <Tigerman_____> exit all at 199.60 +1tk
[10:57:56] <Senge> 11 min. ago: Iran fires 2 missiles marked with 'Israel must be wiped out'
[10:58:33] <wrbtrader> Covered all Emini ES Short @ 1980.50 --> + 0.5
[10:58:37] <t4n> they like high oil prices lol
[10:58:52] <Senge> These are KME WRB HGs
[10:59:16] <Senge> ... it would seem
[11:01:39] <t4n> iran timeing, wow
[11:01:47] <wrbtrader> Long Emini ES @ 1982.50 -> large size
[11:01:57] <wrbtrader> 20 contracts
[11:02:40] <Sharif___> short ES @ 1982.75
[11:03:10] <Sharif___> nope
[11:03:10] <wrbtrader> 1981.00 had a chance for an entry at that price
[11:03:29] <wrbtrader> luckily this is trying to move higher after my entry
[11:03:53] <Sharif___> long entry @ 1983
[11:08:50] <Tigerman_____> sh spy 198.88
[11:09:38] <Tigerman_____> exit 2/3 at 77 +11tk
[11:10:05] <Tigerman_____> exit all rem at 198.87 +1t trail pick :(
[11:12:42] <wrbtrader> shallow WRB pt2 reached
[11:14:09] <Cayden> the 7:50 wrbhg apperars to be a daunting obsticle- need a player here
[11:15:33] <wrbtrader> Yeah...its a big WRB HG interval...big enough that I usually don't try to hold a trade through it
[11:16:14] <wrbtrader> Looks like Emini TF could be the first to navigate back to the R area of that big Down WRB HG interval
[11:19:27] <Sharif___> exited @ 1986 --> +3
[11:19:52] <wrbtrader> Wow...Emini ES snuck in a volatility spike upwards while Emini TF barely noticed
[11:19:56] <wrbtrader> rare to see such
[11:22:01] <Cayden> yes- LONG seems to defy some pattern and such- but look at the little market that could- I tend to think the instinct LONG is working here
[11:22:10] <wrbtrader> What the heck is wrong with Emini TF futures
[11:22:50] <Sharif___> ES spike was whack because its back to confusion
[11:22:52] <Cayden> The TF is a BRAT- half brat half witch-
[11:24:17] <Cayden> would be nice to see the TF make some higher lows though- join the party
[11:25:33] <wrbtrader> Exited 1/2 Emini ES Long @ 1987.50 --> + 5
[11:25:41] <wrbtrader> R area reached
[11:25:51] <Cayden> OK- we took out that big red down spike
[11:26:17] <Cayden> outstanding-
[11:26:51] <wrbtrader> Exited Remainder Emini ES Long @ 1989.00 --> + 6.5
[11:27:24] <wrbtrader> I think that's the first R area I've caught as a WRB level since early January
[11:29:48] <Cayden> daunting- simply daunting- very nice to see that-
[11:30:13] <Tigerman_____> lg spy 199.48
[11:30:16] <Tigerman_____> intuition
[11:30:26] <Sharif___> alright, done for the day, odd day, take care wrbtrader.
[11:30:30] <Cayden> I need a break after all that- :-)
[11:30:40] <Tigerman_____> exit 2/3 60 +12tk
[11:32:22] <Tigerman_____> exit all rem at 199.57 +9tk
[11:32:37] <Cayden> Yesterday's ES mini close 1981.5 Yesterday's high 2000.25 Last weeks High 2007.5
[11:38:29] <wrbtrader> Long Emini ES @ 1988.25 -> small size
[11:38:39] <wrbtrader> 5 contracts
[11:38:55] <kadtje> hi all
[11:40:21] <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
[11:44:47] <wrbtrader> Exited all Emini ES Long @ 1988.25 --> 0
[11:45:16] <wrbtrader> lost my patience
[11:45:20] <Tigerman_____> lg spy 199.47
[11:45:43] <Tigerman_____> exit 1/2 53 +5tk
[11:50:30] <Tigerman_____> exit all rem at 199.50 +3tk
[11:50:58] <wrbtrader> Long Emini ES @ 1989.00 -> small size
[11:51:04] <wrbtrader> re-entry
[11:57:18] <Tigerman_____> lg spy 199.61
[11:57:24] <Tigerman_____> chasing a bit
[11:57:26] <Cayden> TF is now partnering
[11:58:20] <Tigerman_____> exit 1/2 at 71 +10tk
[12:00:55] <Tigerman_____> exit all @ 199.70 +9tk
[12:00:59] <wrbtrader> Exited all Emini ES Long @ 1990.75 --> + 1.75
[12:01:05] <wrbtrader> WRB pt1 reached
[12:34:48] <wrbtrader> Emini futures, Gold GC futures and Crude Oil CL futures...a lot of contraction the past hour
[12:35:27] <wrbtrader> Took a fast lunch...looks like it wasn't worth hurrying back
[12:35:30] <wrbtrader> be back later
[12:44:29] <Senge> Short ES @ 1987.75
[12:48:51] <Tigerman_____> sh spy 199.12
[12:49:20] <Tigerman_____> exit 2/3 199.07 +5tk
[12:49:29] <Senge> Cover ES @ 1984.50 +3.25
[12:49:43] <Senge> WRB pt2
[12:51:28] <Tigerman_____> exit all rem at 199.05 +7tk
[12:55:22] <Tigerman_____> take care see next time
[15:40:08] <Senge> Short ES @ 1985.5
[15:43:33] <Senge> Cover ES @ 1985.25 +.25
[15:45:11] <wrbtrader> Mellow markets this afternoon
[15:46:32] <wrbtrader> Actually, most of the price action after 1100am in the Emini ES futures is inside the range of that big Down WRB HG interval of 1048am - 1050am est 2min chart
[15:47:58] <wrbtrader> That's one thing I hate about those types of WRB HG intervals is that they are still having an impact (low volatility) on the price action after them even though they are filled.
[15:49:15] <Cayden> I was just going to bring that up- yeah- I gues it doesnt pay to ignore a big dramatic participation moment such as that.
[15:50:15] <Cayden> that move was well after the zones from the 10:30 KME- rather Zone at the KME time
[15:56:59] <wrbtrader> Long Emini ES @ 1985.00 -> small size
[15:57:09] <wrbtrader> 5 contracts
[16:00:42] <wrbtrader> Exited all Emini ES Long @ 1988.50 --> + 3.5
[16:00:53] <wrbtrader> WRB pt1 reached
[16:01:31] <wrbtrader> I didn't expect that type of a reaction after seeing the type of price action that developed prior to the 4pm est rush hour traffic
[16:01:53] <wrbtrader> I was thinking making I could get a few tick profits
[16:07:28] <kadtje> gn all
[16:21:35] <Cayden> great day today- thanks-
[19:43:55] * Disconnected
Session Close: Wed Mar 09 19:43:57 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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