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 Post subject: May 11th Wednesday - Futures, Forex, Stocks and ETF
 Post Posted: Thu May 12, 2016 4:57 pm 
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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:
051116-Key-Price-Action-Markets.png
051116-Key-Price-Action-Markets.png [ 1.13 MiB | Viewed 274 times ]

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

Session Start: Wed May 11 09:16:30 2016
Session Ident: ##TheStrategyLab
[09:16:30] * Now talking in ##TheStrategyLab
[09:16:30] * 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'
[09:16:30] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:16:31] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:32:54] <trader1453> long es 7475
[09:33:51] <trader1453> adding long 7450
[09:37:30] <Tigerman_____> gm all
[09:38:43] <trader1453> tp1 7625, tp2 7775, stop 73
[09:39:50] <wrbtrader> Shorts Emini ES @ 2075.00 -> large size
[09:39:59] <wrbtrader> 10 contracts
[09:40:04] <wrbtrader> intuition trade
[09:41:13] <trader1453> out BE
[09:42:39] <Tigerman_____> today just 1 Kme at 10:30am Oil
[09:48:07] <wrbtrader> Covered all Emini ES Short @ 2073.50 --> + 1.5
[09:49:40] <wrbtrader> snapback in Emini TF futures
[09:50:18] <wrbtrader> Shorts Emini ES @ 2073.25 -> large size
[09:50:28] <wrbtrader> 20 contracts
[09:50:56] <wrbtrader> re-entry
[09:52:57] <wrbtrader> Covered all Emini ES Short @ 2072.25 --> + 1
[09:53:17] <wrbtrader> not a WRB pt1
[09:53:19] <wrbtrader> early exit
[09:54:22] <wrbtrader> I got spooked via the fact that the volatility is off again...very similar to yesterday
[09:56:35] <irza> Long Emini ES @ 71.5
[10:00:47] <mtntrader____> TF and NQ are doing it again. Totally diverged.
[10:01:59] <irza> Exited all Emini ES Long @ 71.25 --> - 0.25
[10:02:36] <Tigerman_____> yeah expecially Nq is on his own
[10:10:21] <irza> Shorts Emini ES @ 72 -> small size
[10:10:56] <Tigerman_____> nothing worth till now
[10:11:12] <irza> Shorts Emini ES @ 71.5 -> Add
[10:13:44] <irza> trading range/balance action
[10:14:41] <irza> Covered all Emini ES Short @ 71.75 --> 0
[10:14:45] <lightenup1> Long YM 17772
[10:20:15] <trader1453> long gu 4439
[10:21:01] <lightenup1> Flat YM 17779 +7 snapback got stop
[10:21:58] <Tigerman_____> I still have some issue on my IB resting orders :(
[10:22:52] <Tigerman_____> for some odd reason some limit stop remains on their server also after I delete them
[10:23:08] <Tigerman_____> they remain pendent
[10:23:38] <Tigerman_____> oddly if I close the platform and reboot they vanish
[10:26:19] <irza> anyone know how to fix the mirc clock to sync with computer clock?
[10:26:32] <irza> my time is off by 20 minutes
[10:26:33] <irza> thanks
[10:27:16] <mtntrader____> KME alert: Crude inventory in 3 minutes
[10:33:05] <werner> hi all
[10:36:02] <trader1453> out +16
[10:42:59] <irza> Long Emini ES @ 74.5
[10:45:46] <wrbtrader> [10:26:19] <irza> anyone know how to fix the mirc clock to sync with computer clock?
[10:46:58] <wrbtrader> You're going to need to learn IRC script coding to do such
[10:47:32] <irza> oh ok thanks
[10:48:03] <wrbtrader> Typically someone's computer clock and IRC clock can be off by as much as 1 minute
[10:48:19] <wrbtrader> I've even heard as much as 2 minutes
[10:48:21] <irza> wow
[10:48:35] <irza> mine is like 43 minutes
[10:48:36] <irza> lol
[10:48:40] <wrbtrader> wow
[10:49:19] <wrbtrader> That means the timestamps info must look crazy for you
[10:49:19] <irza> http://i.imgur.com/OfPi1Zz.png
[10:49:26] <irza> yes it does
[10:50:35] <wrbtrader> Try searching for a Freenode help room...all servers have them
[10:50:42] <irza> will do
[10:50:43] <irza> thanks
[10:51:03] <wrbtrader> You can log into one of the help rooms and find out if someone has a script to maintain the clock sync.
[10:51:03] <Tigerman_____> wrbtrader.. do you know exactly how the news from Kme is trasmitted to the istitutionals ?
[10:51:19] <wrbtrader> Some do but they may not want to share it because its custom design
[10:51:47] <Tigerman_____> I mean if news is via some special terminal or what
[10:51:54] <wrbtrader> KME news...so institutions use a private subscription service.
[10:52:32] <wrbtrader> Other firms work with someone that has "instant access" to the info and the info is then instantly transmitted to the firms.
[10:52:43] <Tigerman_____> ok my concern is how they react in so fast time
[10:53:07] <Tigerman_____> unless some algo is feeded via the news
[10:53:31] <wrbtrader> There's algos too :(
[10:53:32] <Tigerman_____> take for Oil Kme at 10:30
[10:54:11] <Tigerman_____> The world reacted in nanoseconds
[10:54:31] <Tigerman_____> how can one read the news and act
[10:55:02] <wrbtrader> All we can do is react to those that are reacting to info
[10:55:15] <wrbtrader> We're not fast enough to compete with algos and hft
[10:55:23] <Tigerman_____> yes of corse
[10:55:30] <Tigerman_____> course
[10:55:34] <wrbtrader> Yet, we can react to them
[10:56:01] <wrbtrader> Then hope they aren't waiting to sucker punch us :)
[10:56:10] <Tigerman_____> yeah as retailar no options
[10:56:56] <wrbtrader> That's why I say its not always about TA...
[10:57:04] <Tigerman_____> but my curiousity is: the Kme is travelled via some words ? some numbers ?
[10:57:29] <irza> tgt 79-81
[10:57:35] <wrbtrader> some days its about risk management, other days its about trade experience, others days its about discipline, other days its just luck and other days its a little of everything
[10:58:04] <Tigerman_____> oh yeah I agreed on that
[10:59:33] <Tigerman_____> anyway my question remain
[10:59:59] <irza> Exited Emini ES Long @ 75 --> + 0.5
[11:00:06] <Tigerman_____> how the algo can decide what to do in no time ?
[11:00:20] <wrbtrader> Shorts Emini ES @ 2074.00 -> large size
[11:00:27] <wrbtrader> 10 contracts
[11:00:34] <wrbtrader> volatility increasing fast
[11:01:05] <wrbtrader> Tigerman, you really need to talk to a quant or subscribe to a magazine about financial markets and algortihms
[11:03:48] <wrbtrader> down pressure still there...it may have be able to "drift" down to the 2071 area without a big retracement prior to such.
[11:04:07] <irza> did not have time to reverse :(
[11:04:34] <wrbtrader> Covered all Emini ES Short @ 2070.50 --> + 3.5
[11:04:41] <irza> vn
[11:04:56] <wrbtrader> WRB pt2 reached
[11:27:40] <wrbtrader> Shorts Emini ES @ 2072.00 -> large size
[11:27:48] <wrbtrader> 10 contracts
[11:29:35] <werner> Shorts Emini NQ @ 4382.75
[11:30:09] <wrbtrader> I wish more volatility was in this trade
[11:31:33] <wrbtrader> had a small WRB pt1 but I was not able to grab it
[11:31:34] <werner> Covered all Emini NQ Short @ exit 4380.00 --> + 4382.75 - exit 4380.00
[11:31:45] <wrbtrader> Hopefully I get a 2nd chance ate grabbing it
[11:35:00] <werner> Covered all Emini NQ Short @ 4380.00 --> + 2.75
[11:35:08] <werner> hopla
[11:35:13] <wrbtrader> Covered all Emini ES Short @ 2071.50 --> + 0.5
[11:35:42] <trader1453> long es 72
[11:36:10] <trader1453> tp 74, stop 70.25
[11:37:11] <werner> dam mist the long :(
[11:37:22] <irza> Shorts Emini ES @ 72.5
[11:38:13] <Senge> short ES @ 2071.50
[11:41:40] <trader1453> stopped -1.75
[11:42:43] <Senge> Cover ES @ 2071.25 +.25
[11:45:33] <winmax60> long es@2071
[11:49:53] <winmax60> exit@200.50 -0.5
[11:50:29] <irza> hopefully nLOD soon in ES
[11:50:38] <irza> if my thesis is correct
[11:55:42] <irza> Covered 1/2 Emini ES Short @ 70.5 --> + 2
[11:58:52] <irza> Shorts Emini ES @ 70.25 -> Add
[12:00:53] <irza> Covered all Emini ES Short @ 70.75 --> + 1.25
[12:02:27] <irza> making me wait to see it, oh well probably a mistake
[12:02:57] <Senge> Short ES @ 2070
[12:05:47] <Senge> Cover ES @ 2070.50 -.5
[12:23:19] <werner> bbl
[12:53:28] <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.
[13:09:41] <irza> Shorts Emini ES @ 70.5
[13:23:31] <irza> Covered 1/2 Emini ES Short @ 68.5 --> + 2
[13:27:10] <irza> Covered all Emini ES Short @ 67.5 --> + 3
[14:14:58] <wrbtrader> I just got back
[14:15:09] <irza> man i ran out of runners
[14:15:15] <irza> oh well
[14:15:16] <wrbtrader> Nice looking dowm movement
[14:15:19] <irza> yes
[14:17:49] <irza> wow back to prior day low again
[14:17:56] <irza> decent support here
[14:19:17] <irza> are we entering a 1hr WRB zone using 24hr?
[14:21:06] <irza> http://i.imgur.com/6WB2mQi.png
[14:22:09] <wrbtrader> No WRB Zone on your chart...its filled on your chart whatever represented those R/S area
[14:22:24] <irza> ok so hit a target if short
[14:23:03] <wrbtrader> Yeah, if you were Short above that WRB Zone...you could have used the WRB Zone as a profit target
[14:28:15] <wrbtrader> Volatility spike in Crude Oil CL futures
[14:28:50] <wrbtrader> It reached the 3min chart most recent reaction high and suddenly snapback down fron it
[14:45:06] <wrbtrader> Shorts Emini ES @ 2063.50 -> large size
[14:45:15] <wrbtrader> 20 contracts
[14:47:53] <wrbtrader> Covered 1/2 Emini ES Short @ 2062.00 --> + 1.5
[14:48:05] <wrbtrader> WRB pt1 reached
[14:48:38] <wrbtrader> I scaled out to see if the remainders can catch a runner down to a WRB pt2
[14:51:14] <Tigerman_____> sh es 2062 small
[14:52:48] <Tigerman_____> exit all @ 62 +0 :(
[14:55:32] <Tigerman_____> sh es 2062 re-entry
[14:56:05] <irza> wants the gap
[14:56:09] <irza> unfilled gap
[14:56:14] <irza> below PLOD
[14:58:05] <Tigerman_____> exit all @ 2061.75 +1tk
[14:58:13] <Tigerman_____> slow action
[14:58:26] <irza> Long Emini ES @ 61.5 -> small size
[15:06:30] <Tigerman_____> take care all see next time
[15:06:51] <irza> exit stop raised Emini ES @ 61.5
[15:07:01] <wrbtrader> Covered Remainder Emini ES Short @ 2063.50 --> 0
[15:07:26] <irza> they defended Previous day low
[15:10:25] <irza> Exited Emini ES Long @ 64 --> + 2.5
[15:10:31] <irza> 5' WRB
[15:13:15] <wrbtrader> Emini ES futures retraced its most recent Down WRB Hidden GAP interval and is stalling a little near its R area
[15:19:22] <wrbtrader> Shorts Emini ES @ 2062.75 -> large size
[15:19:32] <wrbtrader> 10 contracts
[15:20:17] <wrbtrader> retesting the most recent reaction low
[15:20:37] <wrbtrader> I'm hoping it can punch below it but its already at a WRB pt1
[15:20:55] <wrbtrader> trailing at profit just in case a snapback shows up
[15:21:06] <wrbtrader> warning would be sudden fast chop
[15:21:53] <irza> glad i took that exit after 5' WRB bar UP
[15:22:01] <irza> back to my entry
[15:22:53] <wrbtrader> Covered all Emini ES Short @ 2062.25 --> + 0.5
[15:23:01] <wrbtrader> spooked out
[15:26:02] <wrbtrader> Emini ES futures has had problems retracing its most recent Down WRB Hidden GAP intervals
[15:30:24] <lightenup1> Long YM 17688
[15:32:22] <lightenup1> Flat YM 17698 +10
[15:33:26] <lightenup1> Lucky to have had target in as it snapped back after target hit
[15:42:25] <wrbtrader> Shorts Emini ES @ 2061.75 -> large size
[15:42:36] <wrbtrader> 10 contracts
[15:45:01] <wrbtrader> WRB pt1 reached but ES stalled
[15:45:22] <wrbtrader> fast chop showing up...warning
[15:46:17] <wrbtrader> Covered all Emini ES Short @ 2061.25 --> + 0.5
[15:46:39] <wrbtrader> shallow (small) WRB pt1
[15:50:41] <wrbtrader> fast pace chop again
[15:50:50] <wrbtrader> in Emini ES futures
[15:50:59] <TradeSnake______> Short GC @ 1279.3
[15:52:10] <wrbtrader> Shorts Emini ES @ 2060.50 -> large size
[15:52:23] <wrbtrader> 10 contracts
[15:52:27] <wrbtrader> re-entry
[15:53:27] <wrbtrader> Covered all Emini ES Short @ 2060.25 --> + 0.25
[15:53:31] <wrbtrader> :(
[15:54:03] <wrbtrader> I tried a few times...didn't get what I wanted...volatility showing up without that fast pace chop
[15:54:27] <wrbtrader> That fast pace chop is what spooks me out of the trades
[16:00:39] <wrbtrader> not much of a 4pm rush hour traffic
[16:00:50] <wrbtrader> Take care all and see all tomorrow
[16:01:02] <mtntrader____> Take care
[16:01:32] <irza> tc
[20:15:44] <irza> ge
[20:31:43] * Disconnected
Session Close: Wed May 11 20:31:44 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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