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 Post subject: June 6th Monday - Futures, Forex, Stocks and ETF
 Post Posted: Tue Jun 07, 2016 3:07 am 
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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
Business Hours: 8am - 5pm est (Mon - Fri)
wrbanalysis@gmail.com (24/7)
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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


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

Session Start: Mon Jun 06 09:30:42 2016
Session Ident: ##TheStrategyLab
[09:30:42] * Now talking in ##TheStrategyLab
[09:30:42] * 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'
[09:30:42] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:30:43] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:53:09] <trader1453> long es 210675
[10:07:53] <wrbtrader> t4n...its been awhile to see you back in here :)
[10:08:03] <wrbtrader> Where you been at ?
[10:12:04] <t4n> Hey wrb, just taking it easy with trading
[10:12:16] <t4n> its not my strong point, just a hobby anymore
[10:12:37] <t4n> also back to work from my vacation
[10:12:42] <wrbtrader> I understand, I think this year markets has been unusually tough this year
[10:13:33] <wrbtrader> Especially in Crude Oil CL futures, Gold GC futures and Emini futures
[10:14:09] <t4n> I've been looking at stocks, i've been trying them here and there
[10:14:31] <t4n> just high volume low float stocks, worth trading perhaps
[10:14:44] <wrbtrader> You doing ok in trading stocks or did you just started
[10:14:48] <wrbtrader> ?
[10:15:09] <t4n> just a hobby sized account
[10:15:19] <t4n> not a source of income
[10:33:45] <lightenup1> Long YM 17896
[10:37:55] <wrbtrader> I'm not trading because I have no WRB Zones up here in this up movement :(
[10:38:50] <wrbtrader> I'm just waiting for any decent pullback or retracement on volatility to setup a new WRB Zone
[10:38:56] <trader1453> wrbtrader what about 1 min at 9:52
[10:39:01] <trader1453> ?
[10:40:11] <lightenup1> Flat YM 17902 +6
[10:41:21] <wrbtrader> I don't see one but there may be one via the 0950am - 0951am est 1min chart interval
[10:41:25] <wrbtrader> in SPY
[10:42:13] <trader1453> I have on mine herer ES 1min chart 9:52, thats weird. A strong cont wrb zone
[10:43:43] <wrbtrader> lets see what happens if it can retrace back down into the range of that Up WRB Hidden GAP interval
[10:44:11] <wrbtrader> Also, Its still unfilled
[10:49:35] <Cayden> you also have an unfilled wrbhg inside the CV on that SPY at 10:30- i see 3 buy tails or lets sat triple bottom of that spot at 10:31, 10:39 and 10:44 and now again at 10:48
[10:52:09] <wrbtrader> Yep
[10:53:20] <Cayden> lets see - i drew it out- http://screencast.com/t/hmdsp1L70jnP
[10:55:06] <wrbtrader> Yeah...thanks for the chart
[10:55:24] <wrbtrader> Overall volatility is low in this sideways price action...
[10:56:09] <wrbtrader> Lets see if some volatility shows up to cause the price action to spike back through the R areas or downwards towards the S areas
[11:00:41] <wrbtrader> Its trying now but doing so on contracting volatilty :(
[11:00:54] <wrbtrader> except of Emini TF
[11:02:41] <Cayden> yep
[11:47:03] <Tigerman____> gm all
[11:47:11] <Tigerman____> sleeepy action
[11:47:47] <Tigerman____> seems everybody waits x speaks @ 12:30
[12:19:41] <trader1453> stopped -2.5
[12:23:46] <Cayden> i think Yellen is up in 7 minutes- here's another snap at that SPY 1 minute I posted earlier. http://screencast.com/t/1JSBtlTn
[12:34:45] <wrbtrader> Long Emini ES @ 2107.00 -> large size
[12:36:06] <wrbtrader> 10 contracts
[12:37:53] <wrbtrader> snapback down :(
[12:38:52] <Cayden> it was going- then just got anemic
[12:39:06] <wrbtrader> Yeah...algo time :(
[12:39:21] <wrbtrader> Crude Oil CL futures increasing volatility too
[12:39:41] <wrbtrader> so did several Forex trading instruments
[12:39:47] <wrbtrader> GbpUsd and EurUsd
[12:39:49] <Tigerman____> sh spy 211.15
[12:40:48] <Tigerman____> exit 2/3 @ 211.08 +7 tk
[12:41:09] <wrbtrader> basically its the type of volatility increase we want to see but I'm on the wrong side of the trade :(
[12:42:49] <wrbtrader> I didn't think the FED speech of 1230pm est was going to be followed by the market
[12:42:54] <Tigerman____> exit all @ 211.11 +4tk
[12:42:55] <wrbtrader> It was not hyped at all
[12:43:48] <Cayden> BBL
[12:49:27] <wrbtrader> Exited all Emini ES Long @ 2104.50 --> - 2.5
[12:49:48] <Tigerman____> sh spy 210.98
[12:50:39] <Tigerman____> exit 2/3 @ 210.90 +8 tk
[12:51:02] <wrbtrader> Shorts Emini ES @ 2101.50 -> large size
[12:51:10] <wrbtrader> 10 contracts
[12:52:12] <wrbtrader> Talking heads will get the blame for this volatility movement
[12:52:53] <wrbtrader> Covered all Emini ES Short @ 2101.75 --> - 0.25
[12:53:21] <wrbtrader> Shorts Emini ES @ 2101.25 -> large size
[12:53:29] <wrbtrader> re-entry
[12:56:02] <wrbtrader> Covered all Emini ES Short @ 2100.00 --> + 1.25
[12:56:24] <Tigerman____> exit all rem @ 210.58 +40 tks
[12:57:00] <wrbtrader> that's actually an early exit
[12:57:14] <wrbtrader> I think I can get a better re-entry price
[12:57:21] <wrbtrader> Thus, not a WRB pt1
[12:57:42] <wrbtrader> I saw the brief entry into regular session gap
[12:58:16] <wrbtrader> In contrast, algos snapback this upwards :(
[12:58:31] <wrbtrader> If it goes a little higher, I'll be looking for a Long position
[13:00:36] <wrbtrader> Long Emini ES @ 2103.00 -> large size
[13:00:48] <wrbtrader> 10 contracts
[13:05:03] <wrbtrader> I'm looking now for a Houdini Escape out of this Long position
[13:06:14] <wrbtrader> Exited all Emini ES Long @ 2104.00 --> + 1
[13:06:22] <wrbtrader> lucky trade
[13:06:32] <wrbtrader> There's always a little luck in trading
[13:06:41] <Tigerman____> yeap
[13:07:06] <wrbtrader> Just the same, always a little bad luck too :(
[13:07:44] <Tigerman____> Big gains are on surprise side
[13:08:05] <Tigerman____> that told me a so called floor trader long ago
[13:08:33] <Tigerman____> of course we have to ride that things
[13:13:02] <Tigerman____> regardless I listen a lot of france talking theses days
[13:13:20] <Tigerman____> in Roland Garros Tennis open
[13:14:42] <wrbtrader> Eminis fault back hard and retraced its losses from that FED member speech
[13:18:34] <Tigerman____> lg spy 211.21
[13:20:07] <Tigerman____> exit all @ 211.17 -4 tk
[13:20:50] <wrbtrader> Italian, Spanish...isn't the next tennis tournament the Italian Open ?
[13:20:56] <wrbtrader> I know you watch those events
[13:21:16] <mtntrader____> Wimbledon is the next major.
[13:21:34] <wrbtrader> That's the biggest one...correct ?
[13:21:37] <Tigerman____> yeah Italian open was before Paris
[13:21:44] <mtntrader____> Yes
[13:21:53] <Tigerman____> next one is Wimbledon
[13:22:23] <Tigerman____> I say more then biggest is the most acclaimed
[13:22:42] <Tigerman____> simply the Tennis event
[13:22:48] <wrbtrader> Emini ES may try to liftoff in this KME price area again...
[13:22:55] <mtntrader____> Guessing the US Open is probably the biggest, don't you think Tigerman?
[13:23:04] <wrbtrader> It failed its prior attempt and gave me a nasty loss
[13:23:08] <Tigerman____> yeah maybe is that
[13:23:21] <Tigerman____> in reference Us Open
[13:24:07] <Tigerman____> mtntrader do you follow or play tennis ?
[13:24:29] <mtntrader____> Ha, more follow than play.
[13:25:54] <Tigerman____> ok I play Tennis just not so strong too live with it
[13:26:09] <Tigerman____> so I swithc to trading :)
[13:26:21] <wrbtrader> :)
[13:26:22] <Tigerman____> joking of course
[13:26:40] <Tigerman____> problem with Tennis is Very expensive for parents
[13:26:45] <wrbtrader> More contraction in the overall futures market
[13:26:57] <Tigerman____> my family not enought money
[13:27:20] <wrbtrader> GbpUsd Forex making its way back to the KME price area
[13:27:37] <wrbtrader> VIX settling back too
[13:27:37] <Tigerman____> usually you need 7-10K a month to pay the trainers
[13:27:52] <wrbtrader> Looks like the overall markets calming down now
[13:28:17] <Tigerman____> yeah price take a rest
[13:28:58] <Tigerman____> wrbtrader... I know you like analogies trading with Sports
[13:29:11] <Tigerman____> I like compare Tennis and trading
[13:29:33] <Tigerman____> both require many elements to work toghether
[13:29:44] <mtntrader____> Yes, and wrbtrader has a wicked serve.... ;-)
[13:29:48] <Tigerman____> expecially mental side
[13:30:16] <Tigerman____> without that no trading nor tennis let you became a champion
[13:33:02] <Tigerman____> at this point is interesting compare Tennis gain with trading gain
[13:35:37] <wrbtrader> Anybody every read this website @ http://www.technicalanalyst.co.uk/
[13:35:50] <wrbtrader> I recently started making it a reading routine
[13:36:41] <Tigerman____> ok thanks to make us note
[13:36:44] <wrbtrader> The institutional trading firms use of TA is always interesting
[13:37:14] <Tigerman____> what do you find interesting in this site in particular wrbtrader ?
[13:37:24] <Tigerman____> vs the others
[13:38:08] <wrbtrader> There's not that many sites on what institutional trading firms are doing with TA
[13:38:17] <wrbtrader> Most nowadays is algo talk
[13:40:28] <wrbtrader> This is how I first heard of the site...
[13:40:33] <Tigerman____> yeah I read it now seems it is followed by istitunial folks
[13:40:46] <wrbtrader> My cousin came into town to visit...
[13:40:54] <wrbtrader> He works for Credit Suisse...
[13:41:25] <wrbtrader> We visited a friend in Montreal that's an institutional trader
[13:41:31] <wrbtrader> family friend
[13:41:59] <wrbtrader> He tells me that their firm sent 5 of them to the UK for this "trading psychology workshop"
[13:42:52] <wrbtrader> I was surprised at that although I know the past 5 years there's been a growing concern by firms about "trading psychology" since the financial collapse of 2008 - 2009
[13:43:38] <wrbtrader> More firms are now into Behavior Finance and more psychologists working (contracted) with trading firms
[13:44:09] <wrbtrader> There just seems to be a bigger concern about the "mental stability" of their employees
[13:44:34] <wrbtrader> As if there's more pressure, more stress and they see it as a future problem
[13:45:56] <wrbtrader> I find it very interesting that the guy doing that for "The Technical Analyst" has an interesting background @ http://www.technicalanalyst.co.uk/trainer/steve-ward/
[13:46:52] <wrbtrader> I'm wondering if this is the same guy that almost made the UK Olympic team in rowing way back
[13:48:42] <wrbtrader> I think that's a big problem in the retail trading industry...
[13:49:28] <wrbtrader> We don't have someone looking over our shoulders to see that we need help with the psychological readiness of trading
[13:49:53] <wrbtrader> Its a much longer and painful learning experience for us retail folks
[13:50:28] <wrbtrader> I truly believe its one of the key difference makers
[13:51:53] <Tigerman____> yeah I agreed
[13:53:02] <wrbtrader> Long Emini ES @ 2107.75 -> large size
[13:53:08] <wrbtrader> 10 contracts
[13:53:19] <Tigerman____> what is curious is this increase in behaviour finance and trading psycolog considering is a increase use of algos too
[13:53:40] <wrbtrader> I'm in that price area of my losing first trade of the day that became a swing point
[13:54:29] <wrbtrader> Tigerman...very true...I never looked at the connection between algos and behavior finance involving the interest
[13:54:33] <Cayden> looks like we are going for the HOD
[13:56:08] <Cayden> 1400 contracts sold at 2108.50 price still nosing up
[13:56:11] <Tigerman____> lg spy 211.38
[13:56:48] <Cayden> lots of buyers here
[13:57:30] <Tigerman____> exit 2/3 @ 211.46 +8 tk
[13:58:34] <wrbtrader> Exited all Emini ES Long @ 2108.75 --> + 1
[14:04:09] <Tigerman____> exit all rem @ 211.44 +6 tk
[14:11:29] <mtntrader____> Long ES 2109.00
[14:14:16] <mtntrader____> I was expecting a pop as we hit some stops. So far, nada.
[14:15:10] <Tigerman____> take care all see next time
[14:15:21] <mtntrader____> See you Tiger
[14:18:27] <TradeSnake______> Short GC @ 1246.5
[14:28:35] <mtntrader____> Need crude to close strong, and take the ES with it.
[15:06:02] <mtntrader____> Covered all 2110.25, +1.25
[15:22:42] <TradeSnake______> Covered GC @ 1248.0 --> -1.5
[15:30:17] <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.
[15:52:11] <wrbtrader> volatility just showed up in the Emini futures...taking price action below the most recent reaction low
[15:52:45] <wrbtrader> Shorts Emini ES @ 2108.50 -> large size
[15:52:53] <wrbtrader> 10 contracts
[15:58:15] <wrbtrader> Covered all Emini ES Short @ 2108.50 --> 0
[15:58:45] <wrbtrader> Pending 4pm est rush hour traffic
[15:59:11] <wrbtrader> Shorts Emini ES @ 2108.75 -> large size
[15:59:16] <wrbtrader> re-entry
[16:00:03] <wrbtrader> Covered all Emini ES Short @ 2107.75 --> + 1
[16:02:34] <wrbtrader> not what I expected
[16:02:50] <wrbtrader> The way the price action reacted to the 1230pm est KME...
[16:03:09] <wrbtrader> I was expecting more volatility into the 4pm est rush hour traffic. It didn't happen :(
[16:03:17] <wrbtrader> Take care all and see all tomorrow
Session Close: Tue Jun 07 00:00:00 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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