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 Post subject: April 18th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Apr 18, 2013 8:35 pm 
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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
Business Hours: 8am - 5pm est (Mon - Fri)
questions@thestrategylab.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, WRB, WRB Hidden GAP, 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 is primarily designed to only be a trade journal for documentation purposes so that members can have a real time stamp archive of their trades and their market commentaries of each trading day...giving them a better understanding of their broker statements from one trade to the next trade when they review their 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 (journal) to correlate with trades on your broker statements.

Also, if you want ##TheStrategyLab chat room to be educational for you, ask questions instead of lurking (not participating in conversations). You can talk about anything related to price action analysis, trade execution, financial markets, economies or news impacting the markets in general.

Quote:
The chat room is only for traders using concepts of WRB Analysis. In addition, traders that use ##TheStrategyLab are not required to post trades but if you do post trades...the trades must be clear (not ambiguous) entry price/exit price and position size. Traders that consistently 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 log into ##TheStrategyLab chat room that's located on the Freenode IRC network...please follow the instructions here at the FTCHAT Support Forum @ http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5 or via the the instructions from the TSL Support Forum @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164

Note: ##TheStrategyLab chat room is now located on the Freenode IRC network after moving from the Othernet IRC network.

Attachment:
041813-Key-Price-Action-Markets.png
041813-Key-Price-Action-Markets.png [ 530.76 KiB | Viewed 168 times ]

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

Session Start: Thu Apr 18 08:54:03 2013
Session Ident: ##TheStrategyLab
[08:54:03] * Now talking in ##TheStrategyLab
[08:54:03] * Topic is 'Chat room only for traders using WRB Analysis (WRBs, WRB Hidden GAPs, WRB Zones) for day trading, swing trading or position trading. | WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... 119&t=718'
[08:54:03] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:54:04] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:10:44] <wave_> gm all
[09:11:29] <wrbtrader> HI wave
[09:12:02] <wave_> Hi N others
[09:12:04] <wave_> bias L side
[09:12:22] <wrbtrader> In what trading instrument you're bias to the Long side ?
[09:13:18] <wave_> es mostly trin is above 2
[09:14:35] <wave_> so will look for L side sometimes NQ too as NQ runs well
[09:15:25] <wave_> after the big fall es trying to move up
[09:15:43] <wave_> eur too
[09:16:05] <wrbtrader> thanks
[09:17:16] <wave_> trin has some validity when above 2 ..but like anything else in trading ... need to be careful
[09:22:14] <canaandog> good morning
[09:23:07] <diesel_> gm
[09:23:20] <wave_> gm all
[09:28:43] <wave_> looks like jobs at 8:30 et; bloomberg consumer comfort index at 9:45 et; philly fed & leading indicators at 10 et; and nat gas at 10:30 et for reports for today...
[09:36:52] <wrbtrader> Shorts Light Crude Oil CL @ 87.45 -> large size
[09:36:59] <wrbtrader> 9 contracts
[09:37:42] <wrbtrader> 8+1
[09:38:26] <wrbtrader> WRB pt1 (shallow) reached
[09:41:17] <wrbtrader> :(
[09:41:21] <wrbtrader> snap back
[09:41:39] <wrbtrader> stuck
[09:42:24] <wrbtrader> waited and waited for a fill...no fill
[09:43:14] <wrbtrader> volatility spike
[09:43:29] <MattR_> wrbtrader, what bar was your entry bar? 87.45 last happened at 8:57-ish for me.
[09:44:34] <wrbtrader> 3min interval (0933am - 0936am)
[09:45:15] <MattR_> crazy.. that bar shows H: 87.27
[09:45:18] <canaandog> jun contract
[09:46:25] <wave_> L es 45
[09:47:00] <wrbtrader> I don't have a 87.27 on that interval if I understood you correctly as saying the interval had a high price of 87.27
[09:47:14] <MattR_> yes, that's what I'm seeing.
[09:47:19] <MattR_> CLK3?
[09:47:30] <diesel_> M13?
[09:47:34] <MattR_> ah
[09:47:57] <wave_> out es 46.5
[09:49:04] <wrbtrader> volatility spike back to the S area of the WRB Hidden GAP
[09:57:03] <wrbtrader> Shorts Light Crude Oil CL @ 87.54 -> Add
[09:57:38] <wrbtrader> I'm top heavy on this trade now
[09:58:07] <wrbtrader> worst thing that can happen is if volatility contraction shows up while creeping higher
[09:58:29] <wrbtrader> WRB pt1 (shallow) reached on the ADD
[09:58:50] <wrbtrader> this is the largest postion I've had all year so far
[09:59:41] <wrbtrader> did it again :(
[09:59:44] <wrbtrader> geeesh
[09:59:54] <wrbtrader> somebody has my number right now
[10:00:37] <wrbtrader> market out
[10:01:25] <wrbtrader> Covered 1/2 Light Crude Oil CL Short @ 87.36 --> + 0.18
[10:01:51] <wrbtrader> Covered Remainder Light Crude Oil CL Short @ 87.38 --> + 0.07
[10:02:43] <wrbtrader> I think they waited for me to market out :(
[10:03:09] <wave_> wow what a drop on news
[10:05:56] <wrbtrader> increasing volatility
[10:06:05] <wrbtrader> in most key markets
[10:07:03] <wrbtrader> Talk about bad luck...
[10:07:24] <wrbtrader> I had on my largest position all year and just missed the big drop :)
[10:07:41] <MattR_> ouchie. That's the story of my life.
[10:07:44] <wave_> :( just saw the cl chart
[10:07:47] <diesel_> that is frustrating for sure
[10:08:15] <wrbtrader> 18 Crude Oil CL contracts
[10:08:21] <MattR_> WOW
[10:08:28] <MattR_> I was guessing 12.
[10:08:56] <wrbtrader> Its been a long time (about 10 years) since I've gone over 12 Crude Oil CL contracts
[10:09:41] <wrbtrader> When TF was known as ER2...I was doing 20 contracts.
[10:09:51] <wrbtrader> Haven't done such in a very long time
[10:09:55] <MattR_> at 18 contracts today, what was your leverage ratio?
[10:10:02] <diesel_> rich rich
[10:11:59] <wrbtrader> a lot
[10:12:23] <wrbtrader> day margin is $2,500 per contract
[10:12:50] <wrbtrader> I think $5,000 overnight holds
[10:12:53] <wrbtrader> per contract
[10:14:16] <MattR_> oh, that's less than I assumed you used. I figured you stayed somewhere in the 10:1 range. (Roughly $10k per contract, depending on market, right?)
[10:14:40] <wave_> so much for the trin...:(
[10:15:14] <wrbtrader> I try to keep it around 10k per contract
[10:15:33] <wrbtrader> Thus, for every contract I trade...I want to have at least 10k in my account
[10:16:21] <wrbtrader> I sweep my account every end of the month but I'm having a big month so far this month.
[10:16:33] <wrbtrader> Simply, basically playing with extra cash.
[10:16:38] <MattR_> nice :-)
[10:16:58] <wrbtrader> That's why I loaded up...took a chance and just missed a big opportunity by less than 1 minute on the big price drop
[10:17:39] <MattR_> Your month would've gone from big to massive!
[10:39:40] <wave_> hmmm cant post
[10:39:44] <wave_> k
[10:39:53] <canaandog> ?
[10:40:16] <wave_> cud not post ..
[10:40:23] <wave_> k now
[10:40:26] <canaandog> ah
[14:26:52] <diesel_> all quiet?
[14:53:42] <wrbtrader> Shorts Emini TF @ 895.70 -> small size
[14:54:00] <wrbtrader> 3 contracts
[14:55:28] <wrbtrader> Covered all Emini TF Short @ 895.60 --> + 0.1
[15:06:11] <diesel_> txs
[15:07:23] <wrbtrader> diesel...check pm I just sent you. thanks
[15:09:47] <wrbtrader> diesel_, please respond to pm I sent you.
[15:11:44] <wrbtrader> Light Crude Oil CL futures in creeper up movement
[15:15:59] <wrbtrader> Diesel, you may not be able to reply because of connection problems.
[15:16:26] <wrbtrader> I'm going to give you a friendly KICK from the room so that you can log back in...reconnecting to the chat room.
[15:16:28] <wrbtrader> Thanks
[15:16:57] * wrbtrader: You're not a channel operator
[15:18:34] * diesel_ was kicked by wrbtrader (please log back in whenever you want. Thanks)
[15:18:50] <@wrbtrader> Anybody else having connection problems.
[15:19:13] <@wrbtrader> If so, please disconnect and log back in if you're unable to chat in here.
[15:22:01] <@wrbtrader> If anyone can see my messages...please reply...thanks
[15:22:23] <canaandog> yes
[15:22:40] <@wrbtrader> Ok...good. I'm still connected to IRC :)
[15:23:18] <canaandog> um... wouldn't it be kind of obvious if you weren't?
[15:23:25] <@wrbtrader> No
[15:23:44] <@wrbtrader> IRC is slow to show disconnection...can be delayed up to 5 minutes
[15:24:02] <canaandog> ah
[15:24:11] <canaandog> good point
[15:24:13] <@wrbtrader> I get disconnected about once per day
[15:24:15] <canaandog> forgot that
[15:39:31] <diesel_> ps: of the last 131 rooms I have been in, this freenode connection has had the largest number of failures (fyi)
[15:40:29] <canaandog> diff server might improve conn
[15:42:04] <diesel_> might - do not know
[15:50:19] <@wrbtrader> You can read the messages again...good
[15:50:42] <@wrbtrader> diesel...please read private message
[15:54:08] <@wrbtrader> contracting volatility into the 4pm est rush hour traffic
[15:57:03] <@wrbtrader> Starting to look like a boring 4pm est rush hour traffic
[15:57:46] <@wrbtrader> Long Emini TF @ 897.40 -> small size
[15:57:54] <@wrbtrader> 3 contracts
[15:59:24] <@wrbtrader> WRB pt1 reached
[15:59:55] <@wrbtrader> tighten stop/loss protection
[16:00:05] <@wrbtrader> now trailing @ profit
[16:01:16] <@wrbtrader> Exited all Emini TF Long @ 898.50 --> + 1.1
[16:01:22] <diesel_> what a great profit finish trade !!
[16:01:58] <@wrbtrader> 4pm est rush hour traffic is a very unusual 5 minute trading session.
[16:02:20] <@wrbtrader> I know one guy that only trades it and nothing else...its his ATM machine
[16:03:17] <@wrbtrader> Take care all and see all tomorrow
[16:03:23] * wrbtrader is now known as wrbtrader_away
[16:03:58] <winmax60> thanks..wrbtrader
[16:04:00] <diesel_> good night and txs
Session Close: Thu Apr 18 17:49:08 2013

-------------------------

##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 and Usd/Cad

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 Qu├ębec, 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
intradaystrategies@yahoo.com
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


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