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 Post subject: June 23rd Thursday - Futures, Forex, Stocks and ETF
 Post Posted: Fri Jun 24, 2016 5:51 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
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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:
062316-Key-Price-Action-Markets.png
062316-Key-Price-Action-Markets.png [ 1.13 MiB | Viewed 252 times ]

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

Session Start: Thu Jun 23 09:30:32 2016
Session Ident: ##TheStrategyLab
[09:30:33] * Now talking in ##TheStrategyLab
[09:30:33] * 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'
[09:30:33] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:30:34] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:34:26] <wrbtrader> Good morning all
[09:34:52] <wrbtrader> Incredible up gap after the maintenance period yesterday...
[09:35:14] <wrbtrader> Something we have not seen a several years I think
[09:35:32] <wrbtrader> A lot of rare type of price actions occurring the past 6 trading days
[09:35:58] <wrbtrader> Not much we can do about it...its just not something that normally happens
[09:38:26] <mtntrader____> I have resigned myself to that fact, as well. All I know to do is either not trade, or adjust size to smaller.
[09:49:05] <wrbtrader> Although I have mainly losses the past several trading days...
[09:49:50] <wrbtrader> I've been documenting heavily these strange price actions (tons of charts, news stories and data saving) so that I can learn from them.
[09:50:17] <wrbtrader> Its rare but it will occur again and hopefully I'll be better prepared the next time it appears
[09:50:32] <wrbtrader> Those overnight gaps is key
[09:50:40] <TradeSnake______> Short YM @ 17836
[09:51:04] <wrbtrader> The other key its a global event
[09:51:10] <wrbtrader> global KME
[09:51:51] <TradeSnake______> Covered YM @ 17821 --> +15
[09:51:52] <wrbtrader> Shorts Emini ES @ 2090.75 -> large size
[09:52:20] <wrbtrader> 10 contracts
[09:53:18] <wrbtrader> This global KME is impacting almost all the currencies (FX) and when that happens...it impacts Gold, Oil, Eminis, Treasuries and many other key markets
[09:53:36] <Donnin___> are we out the woods
[09:54:07] <wrbtrader> Why ?
[09:55:21] <wrbtrader> Covered all Emini ES Short @ 2090.00 --> + 0.75
[09:55:59] <wrbtrader> Emini ES futures price check @ 2091.00
[09:57:26] <wrbtrader> 2091.25 for the Emini ES futures is the high of yesterday
[10:04:16] <wrbtrader> Warning - I've learned enough about this price action after reviewing my data very carefully late last night...
[10:04:29] <wrbtrader> We still have the same problematic price action
[10:14:11] <wrbtrader> BREXIT vote has become so important...the KMEs at 0830am and 1000am est had very little reaction to them
[10:18:11] <werner> Shorts Emini NQ @ 4426.25
[10:20:23] <werner> Covered all Emini NQ Short @ 4423.00 --> + 3.25
[10:21:36] <wrbtrader> Shorts Emini ES @ 2093.00 -> large size
[10:21:47] <wrbtrader> 20 contracts
[10:22:22] <wrbtrader> Covered all Emini ES Short @ 2093.25 --> - 0.25
[10:23:04] <wrbtrader> Shorts Emini ES @ 2094.00 -> large size
[10:23:12] <wrbtrader> re-entry
[10:24:24] <wrbtrader> Covered all Emini ES Short @ 2093.75 --> + 0.25
[10:32:04] <wrbtrader> Shorts Emini ES @ 2002.00 -> large size
[10:32:12] <wrbtrader> 20 contracts
[10:32:28] <wrbtrader> correction
[10:32:36] <wrbtrader> 2092.00
[10:32:48] <wrbtrader> Shorts Emini ES @ 2092.00 -> large size
[10:34:52] <wrbtrader> at yesterday highs
[10:37:33] <wrbtrader> Covered all Emini ES Short @ 2091.50 --> + 0.5
[10:39:01] <wrbtrader> Long Emini ES @ 2092.25 -> large size
[10:39:08] <wrbtrader> 20 contracts
[10:45:39] <wrbtrader> Exited all Emini ES Long @ 2092.50 --> + 0.25
[10:52:24] <wrbtrader> Long Emini ES @ 2093.50 -> large size
[10:52:33] <wrbtrader> 10 contracts
[10:55:57] <wrbtrader> Emini NQ futures is the only one moving right now (upwards)
[11:00:30] <wrbtrader> Exited all Emini ES Long @ 2094.25 --> + 0.75
[11:03:05] <wrbtrader> Emini ES futures near a most recent reaction high
[11:03:19] <wrbtrader> This is when the crappy price action has been occurring
[11:04:22] <wrbtrader> Meant...its been contracting near the most recent reaction high.
[11:16:02] <wrbtrader> Emini ES futures price check @ 2097.50
[11:53:45] <TradeSnake______> Long YM @ 17870
[12:02:59] <TradeSnake______> Covered YM @ 17880 --> +10
[12:40:33] <lightenup1> Shot YM 17851
[12:44:05] <lightenup1> Flat YM 17849
[12:44:12] <lightenup1> +2
[12:44:54] <lightenup1> Hit target at 17841 but no fill
[13:00:55] <Donnin____> when is th evote
[13:01:02] <Donnin____> when is the vote
[13:03:26] <wrbtrader> I thought the vote already started but wouldn't be complete (announced at 10pm est London time)
[13:03:54] <Donnin____> i see
[13:04:38] <wrbtrader> Its 6:04pm right now in London
[13:04:39] <Donnin____> to me price action is moving the same es is slow just like usual lol
[13:12:07] <TradeSnake______> Hearing results not expected until early next morning... Middle of the night tonight for us
[13:24:44] <Donnin____> 99 sells
[13:39:14] * Donnin____ is now known as Donnin___
[13:40:16] <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.
[14:06:04] <Donnin___> will they keep margin elevated>?
[14:07:54] <wrbtrader> I think so for at least a week after the vote is complete
[14:08:17] <wrbtrader> With all the strange price action lately...they'll be stupid to lower the margins
[14:08:41] <wrbtrader> Heck, if hell breaks out...they may increase it further
[14:28:24] <mtntrader____> Crude rallying into the cash close.
[14:47:57] <Donnin____> i never seen this type of concen before
[15:01:12] <Donnin____> wrb do you trade cl with your method
[15:37:01] <mtntrader____> Long ES 2098.00
[15:39:42] <mtntrader____> Covered all 2097.50, -.5
[15:43:36] <mtntrader____> Long ES 2097.50, re-entry
[15:45:03] <mtntrader____> Covered half 2099.50, +2
[15:46:20] <mtntrader____> Final target is 2101.00
[15:46:56] <mtntrader____> Out other half, +3.5
[15:50:41] <wrbtrader> Long Emini ES @ 2102.00 -> large size
[15:51:05] <wrbtrader> Emini ES futures price check @ 2100.50
[15:51:14] <wrbtrader> correction...
[15:51:23] <wrbtrader> 2102.75 price check
[15:51:31] <Donnin____> y
[15:51:31] <wrbtrader> 10 contracts
[15:52:03] <wrbtrader> Exited all Emini ES Long @ 2102.25 --> + 0.25
[15:54:38] <wrbtrader> Long Emini ES @ 2103.25 -> large size
[15:54:58] <wrbtrader> re-entry
[15:55:33] <wrbtrader> Long Emini ES @ 2103.00 -> Add
[15:55:38] <wrbtrader> 10 added
[15:58:43] <wrbtrader> Exited 1/2 Emini ES Long @ 2103.75 --> + 0.75
[16:00:34] <wrbtrader> Exited Remainder Emini ES Long @ 2104.00 --> + 0.75
[16:01:10] <wrbtrader> Long Emini ES @ 2104.50 -> large size
[16:01:24] <wrbtrader> 10 contracts
[16:01:44] <wrbtrader> Emini ES futures price check @ 2104.75
[16:04:30] <wrbtrader> Emini ES futures price check @ 2105.75
[16:05:26] <wrbtrader> Exited all Emini ES Long @ 2106.00 --> + 1.5
[16:06:14] <Donnin____> i get the concern but i just dont see the volatility for all the precaution
[16:06:37] <Donnin____> and the need to raise margin and all this
[16:07:22] <wrbtrader> There's many types of volatility and I've always been confused about how most brokers calculate when to raise margins and/or lower leverages
[16:07:53] <wrbtrader> I do know when the banks become highly concern (FEAR)...brokers usually respond via raising margins
[16:08:25] <Donnin____> has this happened with the emini before
[16:08:32] <wrbtrader> Thus, the banks must be a big part of the equation involving brokers decisions to raise margins
[16:09:40] <wrbtrader> Remember...London is arguably the most important financial hub in the world.
[16:10:22] <wrbtrader> I remember last year several financial magizines listed London (1st place) more important than NYC Wall Street (2nd place)
[16:10:30] <wrbtrader> Hong Kong was 3rd place
[16:11:38] <wrbtrader> Simply, any thing big involving the EuroDollar, London, US Dollar and world markets...margins are going to change
[16:12:14] <wrbtrader> Whatever the result...I'm going to assume there's going to be a reaction for about a week
[16:13:26] <mtntrader____> I thought I was playing the close pretty well, but I left some $ on the table. You managed to squeeze some nice points out at the end, wrbtrader.
[16:17:19] <wrbtrader> More importantly, I found a way to break my losing streak
[16:25:07] <wrbtrader> It should be a wild overnight trading session...
[16:25:20] <wrbtrader> We may see some record breaking regular session gap tomorrow
[16:26:08] <mtntrader____> We'll see. Take care. See you tomorrow.
[16:31:13] <wrbtrader> I wish I can go there and vote :)
[16:32:56] <mtntrader____> Better hurry, polls close in 30 minutes.;-)
[16:40:06] <wrbtrader> No matter what happens (stay or leave)...the S&P 500 will rally anyway to record highs.
[16:40:21] <wrbtrader> It's too close to not to do such
[16:40:29] <wrbtrader> Some would say its manipulation time :)
[16:41:23] <mtntrader____> Yep
[16:58:52] <wrbtrader> Two of my brokers sent emails (I didn't notice them that came in yesterday) about emergency HALT limits :)
[16:58:59] <wrbtrader> The fear must be very high
[16:59:41] <wrbtrader> I have bloomberg internet...
[17:00:21] <wrbtrader> I think I'm going to put in a recording disc to record tomorrow's bloomberg...starting tonight around 12 midnight
[17:00:43] <wrbtrader> Could be a record breaking crazy overnight trading session and I want to document it
[17:01:02] <wrbtrader> Take care all and see all tomorrow if the world is still here :)
[17:01:30] <mtntrader____> Recorded to watch years from now. Could be pretty entertaining.
[22:43:32] <lightenup1> Anyone watching the fireworks?
[22:59:31] <wrbtrader> Yeah...its crazy
[23:01:08] <wrbtrader> Market could be HALTED on the open tomorrow :(
[23:01:26] <wrbtrader> If the decline continues
[23:03:32] <wrbtrader> Multi year lows for the British Pound
[23:04:04] <lightenup1> Trading on sim is interesting
[23:04:53] <lightenup1> Getting skidded like crazy I think but making money. Jus t follow the results as they go up and down
[23:05:55] <lightenup1> Pound goes down and gold goes up
[23:06:00] <wrbtrader> Price moves like this will make some folks rich while putting others out of the trading business
[23:06:38] <lightenup1> It sure will
[23:07:34] <lightenup1> This could be the $100 day for gold
[23:10:45] <wrbtrader> BOJ and Bank of Japan in meetings about getting involved to prevent a financial disaster
[23:11:10] <lightenup1> Interesting
[23:11:54] <lightenup1> Guess they will have to start rigging the results.
[23:12:45] <lightenup1> Over half of polls reporting
[23:14:09] <lightenup1> out winning by over 2 pts.
[23:15:21] <wrbtrader> I've never seen this much activity in the overnight session especially with the size I'm seeing in many key markets
[23:16:02] <wrbtrader> highly liquid
[23:16:13] <lightenup1> It is unbelevable. What about at the open of 9/11
[23:16:38] <wrbtrader> It halted
[23:17:00] <lightenup1> When it reopened
[23:17:23] <wrbtrader> Yeah, crazy when it reopen but there was no overnight
[23:17:44] <wrbtrader> My reference was just about the overnight session...I've never seen this type of activity in the Eminis
[23:18:19] <lightenup1> It is interesting to watch
[23:18:56] <wrbtrader> Volatility like the VIX is going to jump off the map tomorrow at the open
[23:23:58] <lightenup1> Out 3 pt lead now
[23:25:26] <lightenup1> Long gold on sim 1300.4
[23:25:34] <wrbtrader> 2/3 votes in gives UK to leave the Euro
[23:27:36] <wrbtrader> 9% price drop in the Pound
[23:27:37] <wrbtrader> Wow
[23:27:49] <wrbtrader> The Sterling
[23:33:01] <wrbtrader> Money lost must be in the billions
[23:35:35] <wrbtrader> The markets and bookies were 90% convince that UK will remain...
[23:36:08] <wrbtrader> Now after 2/3 vote results...90% chance that UK will leave...independent currency
[23:36:54] <wrbtrader> Now they're talking about key people will resign if the UK votes complete to show to leave...Prime Minister most likely will resign
[23:37:23] <lightenup1> Are you doing any trading?
[23:37:30] <wrbtrader> No
[23:37:40] <wrbtrader> It'll be too stressful for me
[23:38:09] <lightenup1> I think it would be stressfull for anyone
[23:38:36] <wrbtrader> If the volatility is off the map tomorrow...
[23:38:45] <wrbtrader> I will go heavy on the position size
[23:39:35] <lightenup1> If the volitity is like this tomorrow would it not be too stressful as well?
[23:40:13] <wrbtrader> No...I will be well rested tomorrow
[23:40:21] <wrbtrader> I easily stress when tired
[23:40:54] <wrbtrader> Time for me to get some sleep but my recordings will stay on all night...I will need to get up in a few hours just to change discs
[23:40:58] <lightenup1> O it is late their in the east now. I am in BC so not too bad
[23:41:03] <wrbtrader> Take care
[23:41:31] <lightenup1> Have a good sleep
Session Close: Fri Jun 24 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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