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 Post subject: June 10th Friday - Futures, Forex, Stocks and ETF
 Post Posted: Mon Jun 13, 2016 5:16 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
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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:
061016-Key-Price-Action-Markets.png
061016-Key-Price-Action-Markets.png [ 1.15 MiB | Viewed 296 times ]

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

Session Start: Fri Jun 10 09:34:16 2016
Session Ident: ##TheStrategyLab
[09:34:17] * Now talking in ##TheStrategyLab
[09:34:17] * 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'
[09:34:17] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:34:18] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:34:48] <wrbtrader> Good morning all
[09:35:09] <wrbtrader> I have some ISP problems...had to reboot my router
[09:35:12] <irza> gm
[09:35:23] <irza> limited trading due to vix
[09:35:27] <irza> actually took a vacation
[09:35:40] <irza> currently in Asia
[09:35:50] <wrbtrader> Ahhh...that's where you been
[09:35:54] <wrbtrader> Japan ?
[09:35:59] <mtntrader____> Glad you're back, irza.
[09:37:03] <irza> hong kong
[09:37:11] <wrbtrader> Huge gap down in the Eminis on the open due to the huge down movement overnight
[09:38:08] <wrbtrader> Shorts Emini ES @ 2088.75 -> large size
[09:38:15] <Cayden> yep
[09:38:18] <wrbtrader> 20+10 contracts
[09:39:11] <irza> thanks mtn
[09:41:23] <wrbtrader> Covered 1/3 Emini ES Short @ 2087.00 --> + 1.75
[09:45:11] <wrbtrader> Covered Remainder Emini ES Short @ 2088.25 --> + 0.5
[09:45:31] <wrbtrader> Shorts Emini ES @ 2087.50 -> large size
[09:45:42] <wrbtrader> re-entry 20 contracts
[09:47:48] <wrbtrader> Covered all Emini ES Short @ 2088.50 --> - 1
[09:50:33] <wrbtrader> Shorts Emini ES @ 2087.75 -> large size
[09:50:44] <wrbtrader> 25 contrac
[09:50:50] <wrbtrader> re-entry
[09:55:44] <wrbtrader> Covered all Emini ES Short @ 2088.50 --> - 0.75
[09:56:25] <wrbtrader> I can't see anything that's keeping this up...just like yesterday
[09:56:44] <wrbtrader> Then it gaps down after the maintenance and the it trades down hard overnight
[09:57:13] <wrbtrader> Hopefully this isn't going to be one of those trading days where the movement occurs overnight and the crap occurs during the regular session
[09:58:26] <werner> gm all
[09:58:45] <mtntrader____> KME at top of the hour: Consumer Sentiment
[10:04:04] <wrbtrader> Shorts Emini ES @ 2088.00 -> large size
[10:04:11] <wrbtrader> 20 contracts
[10:16:41] <wrbtrader> more fear now for a possible algo spike...
[10:16:50] <wrbtrader> Its been contracting too much and too long
[10:18:30] <wrbtrader> Covered all Emini ES Short @ 2087.00 --> + 1
[10:18:39] <wrbtrader> :(\
[10:18:49] <wrbtrader> tough trade
[10:19:01] <werner> yea
[10:19:20] <werner> and so much patience
[10:20:11] <werner> I wish I had that
[10:20:40] <wrbtrader> Yesterday my patience (too much) caused two big losses
[10:21:00] <wrbtrader> resulting in a losing trading day
[10:21:11] <wrbtrader> That's something that's difficult to measure
[10:21:51] <werner> indd
[10:22:06] <mtntrader____> I was wondering about that yesterday, wrbtrader.
[10:22:32] <mtntrader____> You usually don't let those go against you that much, particularly with size.
[10:22:58] <wrbtrader> Yesterday and today I'm looking for a lot of volatility
[10:23:14] <wrbtrader> Didn't get it yesterday and so far today...not getting it again :(
[10:23:30] <wrbtrader> Thus, yesterday and today I'm aggressive with my position size
[10:24:11] <wrbtrader> I just didn't expect the big down gap...it took a lot of juice out of the markets
[10:25:00] <mtntrader____> I agree, and leaves us with low vol meandering.
[10:34:34] <TradeSnake______> Wow, Eminis very strong here... thinking some shorts must be trapped
[10:48:15] <TradeSnake______> Long GC @ 1278.6
[10:50:05] <TradeSnake______> Covered GC @ 1278.7 --> +0.1
[10:50:44] <irza> Long Emini ES @ 89.75
[10:55:12] <werner> Shorts Emini NQ @ 4470.00
[10:57:25] <TradeSnake______> FYI - werner Sept. is now the front month ie. more liquid
[10:58:04] <werner> thanks :)
[11:05:21] <werner> Covered all Emini NQ Short @ 4470.00 --> 0
[11:08:54] <werner> now at sept
[11:10:16] <werner> ... bbl
[11:15:29] <wrbtrader> Long Emini ES @ 2093.00 -> large size
[11:15:38] <wrbtrader> 10 contracts
[11:26:08] <wrbtrader> Exited all Emini ES Long @ 2093.25 --> + 0.25
[11:31:49] <TradeSnake______> Long YM @ 17805
[11:33:01] <winmax60> long es@2101.50
[11:33:59] <winmax60> exit @2100.50 -1
[11:34:28] <TradeSnake______> Covered YM @ 17803 --> -2
[11:51:15] <irza> Exited Emini ES Long @ 89 --> - 0.75
[11:54:59] <winmax60> long es @2099.25
[11:56:03] <irza> Long Emini ES @ 90.25
[11:56:06] <irza> last try
[11:57:47] <winmax60> es testing previous swing low. :-)
[11:58:56] <irza> :)
[11:59:03] <irza> hopefully holds
[11:59:07] <irza> and we make nHOD
[11:59:14] <irza> if it fails, could make nLOD
[12:00:20] <winmax60> yes ;-)
[12:06:08] <werner> Shorts Emini NQ @ 4465.25
[12:07:47] <werner> Covered all Emini NQ Short @ 4461.50 --> + 3.75
[12:08:34] <irza> Exited Emini ES Long @ 89 --> - 1.25
[12:08:45] <irza> Shorts Emini ES @ 89.25
[12:09:02] <winmax60> exit @2098 -1.25
[12:10:43] <werner> Shorts Emini NQ @ 4468.50
[12:13:02] <werner> sorry 4462.25
[12:13:17] <werner> Shorts Emini NQ @ 4462.25
[12:17:24] <werner> Covered all Emini NQ Short @ 4459.25 --> + 3
[12:17:43] <werner> cant hold it:(
[12:31:58] <wrbtrader> Shorts Emini ES @ 2086.75 -> large size
[12:32:15] <wrbtrader> 20 contracts
[12:35:38] <wrbtrader> :(
[12:35:50] <irza> Covered Emini ES Short @ 86 --> + 3.25
[12:36:03] <wrbtrader> I've been trying to get Short since 2089
[12:36:09] <wrbtrader> all no fills :(
[12:36:45] <irza> gonna call it a day
[12:36:49] <wrbtrader> Finally decided to market in
[12:36:51] <irza> due to time zone
[12:36:59] <irza> good trading all
[12:37:10] <wrbtrader> I guess I'm too slow in getting my orders in
[12:43:54] <winmax60> looks like ...bouncing again at LOD....
[12:53:53] <wrbtrader> Covered all Emini ES Short @ 2088.00 --> - 1.25
[12:56:53] <wrbtrader> back to 2089 where all the problems started
[12:59:38] <winmax60> oh....no... :-((
[13:00:57] <wrbtrader> Shorts Emini ES @ 2088.50 -> large size
[13:01:08] <wrbtrader> re-entry
[13:03:35] <wrbtrader> Covered all Emini ES Short @ 2088.75 --> - 0.25
[13:03:41] <wrbtrader> that one hurts
[13:04:12] <wrbtrader> Long Emini ES @ 2089.25 -> large size
[13:04:19] <wrbtrader> 20 contracts
[13:08:14] <wrbtrader> volatility slowly trying to increase
[13:11:41] <wrbtrader> :(
[13:12:30] <wrbtrader> Exited all Emini ES Long @ 2088.25 --> - 1
[13:16:10] <wrbtrader> Long Emini ES @ 2088.75 -> large size
[13:16:28] <wrbtrader> 10 contracts
[13:27:34] <wrbtrader> Exited all Emini ES Long @ 2089.25 --> + 0.5
[13:29:58] <wrbtrader> Long Emini ES @ 2089.25 -> large size
[13:30:13] <wrbtrader> 25 contracts
[13:45:01] <wrbtrader> Forex GbpUsd pushing lower again
[13:45:55] <wrbtrader> Exited all Emini ES Long @ 2086.00 --> - 3.25
[13:46:59] <wrbtrader> Shorts Emini ES @ 2085.00 -> large size
[13:47:21] <wrbtrader> 20+10 contracts
[13:47:48] <wrbtrader> Yesterday I had almost the same two trade pattern...both losing trades
[13:49:28] <wrbtrader> The trade yesterday went to profit and then snapback to take me out for a small loss
[13:49:42] <wrbtrader> Lets see if this sequence repeats again
[13:49:59] <wrbtrader> It too broke below a reaction low I like to trade
[13:50:55] <wrbtrader> Forex GbpUsd still pushing lower...same with EurUsd
[13:51:01] <wrbtrader> Gold pushing higher
[13:51:26] <wrbtrader> Simply, volatility increasing at the same time in many key markets
[13:53:34] <TradeSnake______> New lows in YM
[13:53:54] <wrbtrader> We have a 2pm KME but its rarely important
[13:54:05] <wrbtrader> something else is spooking the markets right now
[13:55:20] <wrbtrader> Covered all Emini ES Short @ 2082.75 --> + 2.25
[13:57:27] <wrbtrader> German Bund breaking news but I know very little about how it can impact the markets
[13:59:54] <TradeSnake______> Stocks, Cable Tumble After Shocking Brexit Poll - http://www.zerohedge.com/news/2016-06-1 ... rexit-poll
[14:03:46] <wrbtrader> getting choppy with speed picking up
[14:05:10] <wrbtrader> Shorts Emini ES @ 2082.25 -> large size
[14:05:16] <wrbtrader> 10 contracts
[14:05:19] <wrbtrader> intuition
[14:08:01] <wrbtrader> Covered all Emini ES Short @ 2081.25 --> + 1
[14:08:55] <mtntrader____> Looks like the markets are trying to follow crude lower into it's pit close.
[14:10:20] <wrbtrader> Anybody able to view messages on stocktwits.com ?
[14:10:46] <TradeSnake______> Not me...
[14:11:00] <wrbtrader> That's why the market is plunging :)
[14:11:42] <wrbtrader> sabatoge at stocktwits...everybody is dumping their trade positions
[14:12:29] <wrbtrader> Me too...I can't see anything
[14:13:08] <TradeSnake______> Follow twitter pretty close though
[14:13:09] <TradeSnake______> What did they say?
[14:14:12] <wrbtrader> I can't see any messages out of stocktwits...
[14:14:51] <wrbtrader> I was hoping someone posting over there would know if there's some news out there causing this volatility selloff
[14:15:36] <wrbtrader> bee back later
[14:16:22] <TradeSnake______> Did you see the link I posted above from zerohedge?
[14:16:22] <TradeSnake______> Only thing I found...
[14:19:51] <TradeSnake______> Although I do have one theory... Lots of threats about a terror attack during the Euro Cup which starts in about 40mins. Maybe people are covering just in case?
[14:24:26] <wrbtrader> Ahhhh...maybe
[14:26:01] <wrbtrader> Long Emini ES @ 2081.75 -> large size
[14:26:10] <wrbtrader> 20 contracts
[14:26:21] <wrbtrader> intuition
[14:27:31] <wrbtrader> VIX barely over 17
[14:27:59] <wrbtrader> rarely am I at a losing day when the VIX moves like that in the past few days
[14:28:07] <werner> Long Emini NQ @ 4444.25
[14:28:07] <wrbtrader> Yet, here I am at a loss :(
[14:28:41] <wrbtrader> Exited all Emini ES Long @ 2061.50 --> - 20.25
[14:28:54] <wrbtrader> correction...
[14:29:06] <wrbtrader> Exited all Emini ES Long @ 2081.50 --> - 0.25
[14:29:54] <wrbtrader> That trade needed to go my way by several ticks soon after entry for me to keep it...
[14:30:02] <wrbtrader> It didn't which is why I dumped it
[14:32:53] <werner> Exited all Emini NQ Long @ 4443.50 --> - 0.75
[14:36:35] <wrbtrader> Could also be the Brexit poll that hit the market...
[14:37:48] <wrbtrader> Long Emini ES @ 2082.50 -> large size
[14:38:00] <wrbtrader> 20 contracts
[14:39:56] <werner> Long Emini NQ @ 4446.75
[14:41:05] <werner> Exited all Emini NQ Long @ 4480.50 --> + 33.75
[14:41:28] <werner> Exited all Emini NQ Long @ 4448.50 --> + 1.75
[14:42:23] <wrbtrader> Exited all Emini ES Long @ 2082.75 --> + 0.25
[14:58:59] <Cayden> have to go back to May 25 for zone-age- lots of work-
[15:11:23] <winmax60> short es@2090
[15:16:52] <wrbtrader> Long Emini ES @ 2081.50 -> large size
[15:17:04] <wrbtrader> 20 contracts
[15:17:22] <winmax60> exit @2090.75 -0.75.... :-(
[15:25:43] <wrbtrader> Exited all Emini ES Long @ 2082.00 --> + 0.5
[15:26:00] <wrbtrader> shook me oout
[15:33:01] <wrbtrader> Long Emini ES @ 2084.00 -> large size
[15:33:19] <wrbtrader> 10 contracts
[15:38:59] <wrbtrader> Exited all Emini ES Long @ 2083.25 --> - 0.75
[15:40:03] <wrbtrader> Long Emini ES @ 2083.75 -> large size
[15:40:12] <wrbtrader> 20 contracts
[15:50:10] <wrbtrader> Exited 1/2 Emini ES Long @ 2087.75 --> + 4
[15:50:43] <Cayden> thats a sweet end of week trade you have there
[15:51:30] <winmax60> congrat....mark !!! ;-)
[15:57:03] <wrbtrader> Yeah, it cleans up a lot of the earlier messy trades but I still need for these remainders to exit above 2086.00
[15:57:34] <wrbtrader> I'm holding because I believe the 4pm est rush hour traffic will push it back above 2087.00
[15:57:40] <wrbtrader> If not...its ok still
[16:13:06] <wrbtrader> Exited Remainder Emini ES Long @ 2087.50 --> + 3.75
[16:14:00] <wrbtrader> Too much pressure to the downside by Emini TF futures the past few minutes
[16:14:09] <Cayden> Have a great weekend everybody
[16:14:34] <wrbtrader> Emini ES just couldn't push higher after it stalled @ 2088.00
[16:14:56] <wrbtrader> crazy tough trading day
[16:15:17] <wrbtrader> Take care all, have a safe weekend and see all on Monday
[16:17:21] <winmax60> ok...thanks...you, too...
[16:21:45] <werner> gn all
[19:47:24] * Disconnected
Session Close: Fri Jun 10 19:47:24 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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