##TheStrategyLab Price Action Chat Room Logs

#TheStrategyLab (formerly known as #FuturesTrades) is free along with being a serious professional trading chat room involving WRB Analysis and any trader (position trader, swing trader and day trader) can use the chat room to post their real-time trades, real-time price action analysis or market commentaries involving stocks, futures, exchange traded funds or forex currencies. Further, although our chat room is smaller than the other popular chat rooms...we are the most active chat room in posting trades, price action analysis or market commentaries in comparison to other free chat rooms.

#TheStrategyLab is primarily designed to be only a trade journal for documentation purposes only so that members can have a real time stamp archive of trades and market commentaries of each trading day and this gives 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 addition, we welcome all traders (beginners and experience) that are merging WRB Analysis with their trade methods or using WRB Analysis to develop a better understanding of the price action (market context) they're trading...improving their position size management and trade management after entry.

Also, if you want #TheStrategyLab chat room to be educational for you...please ask questions instead of lurking (not participating in conversations).


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 the price action you're trading. To log into #TheStrategyLab chat room...please follow the instructions here at the FTCHAT Support Forum @ http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5 or for registered members of the chat room at the TSL Support Forum @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164

Note: Registration is not allowed here at the FTCHAT Forum...it is allowed at the TSL Forum (link above) that provides support for the #TheStrategyLab chat room.


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

Chat logs saved (timestamp) from Québec, Canada in eastern daylight time

Session Start: Tue Oct 02 04:52:40 2012
Session Ident: #TheStrategyLab
[04:52:40] * Now talking in #TheStrategyLab
[04:52:40] * Topic is ' WRB Analysis Chat room only for traders using WRB Analysis (WRBs, WRB Hidden GAPs, WRB Zones) for day trading, swing trading or position trading.'
[04:52:40] * Set by X on Fri Sep 14 08:41:29
[05:13:05] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[05:22:11] <@wrbtrader> Long EuroFX 6E @ 1.2925 -> medium size
[05:22:19] <@wrbtrader> 2+2
[05:27:46] <@wrbtrader> Exited all EuroFX 6E Long @ 1.2928 --> + 0.0003
[06:02:14] <@wrbtrader> Shorts EuroFX 6E @ 1.2918 -> large size
[06:02:25] <@wrbtrader> 6 contracts
[06:07:45] <@wrbtrader> Covered all EuroFX 6E Short @ 1.2924 --> - 0.0006
[06:09:07] <@wrbtrader> Shorts EuroFX 6E @ 1.2921 -> large size
[06:09:16] <@wrbtrader> re-entry
[06:15:01] <@wrbtrader> tighten stop loss
[06:17:14] <@wrbtrader> Covered all EuroFX 6E Short @ 1.2926 --> - 0.0005
[06:40:37] <@wrbtrader> Long EuroFX 6E @ 1.2934 -> large size
[06:40:50] <@wrbtrader> 9 contracts
[06:43:06] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[08:06:18] <@wrbtrader> Exited all EuroFX 6E Long @ 1.2940 --> + 0.0006
[08:28:06] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[09:03:56] <@wrbtrader> Good morning all
[09:04:28] <canaandog>
[09:04:52] <+canaandog> looks like you started work about the time I went to bed
[09:05:29] <+canaandog> I decided to watch the start of the euro session.
[09:09:09] <Tigerman> all
[09:09:24] <+Trendtrader> all
[09:18:07] <+Trendtrader> Long Emini TF @ 841 «« simulator »»
[09:18:12] <+Trendtrader> x2
[09:32:42] <+Tigerman> big spike on ym and nq
[09:32:57] <+Tigerman> 6e fx continue his up move
[09:33:18] <+Trendtrader> Exited all Emini TF Long @ 842 --> + 1 «« simulator »»
[09:38:27] <@wrbtrader> key markets have already lost their volatility
[09:38:35] <@wrbtrader> hopefully something happens soon
[09:39:37] <@wrbtrader> No schedule key markets events today in U.S. markets except for the all day Total Vehicle Sales
[09:40:09] <@wrbtrader> Simply, today is a "take it easy" day.
[09:51:26] <@wrbtrader> volatility showing up in Light Crude Oil CL futures
[09:55:03] <ajax> nq PP here
[10:03:17] <@wrbtrader> Emini TF, YM, EMD, ES and NQ futures in a Creeper Down Movement
[10:03:40] <@wrbtrader> same with Light Crude Oil CL (WTI) futures
[10:06:58] <+canaandog> surprisingly, not a bad imitation of a "normal market" today-- at least relatively speaking
[10:13:07] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[10:22:32] <+ajax> programs time in 3 min
[10:22:42] <@wrbtrader> Long EuroFX 6E @ 1.2943 -> medium size
[10:22:47] <@wrbtrader> 2+2
[10:23:05] <@wrbtrader> intuition
[10:34:37] <@wrbtrader> Exited EuroFX 6E Long @ 1.2943 --> 0
[10:35:03] <@wrbtrader> volatility dropping more in other key markets...
[10:35:25] <@wrbtrader> This thing is going to pop UP or DOWN on a volatility spike
[10:35:46] <@wrbtrader> I'm now only willing to chase it UP or DOWN.
[10:35:59] <@wrbtrader> If it creeps higher on continue low volatility...
[10:36:04] <@wrbtrader> I'll regret my early exit
[10:38:56] <@wrbtrader> trying to creep higher
[10:46:24] <Senn-> Shorts Emini TF @ 838.8 «« simulator »»
[10:47:31] <@wrbtrader> Price action in many different markets not yielding much today "so far"
[10:48:16] <@wrbtrader> volatility spike
[10:48:29] <@wrbtrader> in EuroFX 6E futures
[10:48:36] <+Senn-> Covered all Emini TF Short @ 838.7 --> + 0.1 «« simulator »»
[10:52:25] <+Senn-> Shorts Emini TF @ 838.7 «« simulator »»
[10:53:14] <+Senn-> Covered all Emini TF Short @ 837.5 --> + 1.2 «« simulator »»
[10:54:25] <+Tigerman> down spike on many markets
[10:56:59] <@wrbtrader> EuroFX retracing down towards its most recent reaction point @ 1004am est
[10:57:06] <@wrbtrader> meant 1006am est
[10:57:25] <@wrbtrader> back inside that prior low volatility tight trading range
[11:03:31] <+Tigerman> creeper down move in dax
[11:04:12] <@wrbtrader> Oil CL futures moved back upwards after getting bearish on a Creeper Dowm Movement
[11:05:03] <+Senn-> Shorts Emini TF @ 836 «« simulator »»
[11:05:39] <@wrbtrader> WRB Analysis -> - Your use of this chat room implies you're using concepts from WRB Analysis to help trade either Stocks, Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), Oil Futures (Brent, CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQ, SPY), Forex Currencies (GbpUsd, EurUsd, EurYen, UsdCad) or other key market price actions.
[11:05:43] <+Senn-> Covered all Emini TF Short @ 834.5 --> + 1.5 «« simulator »»
[11:05:57] <+Senn-> correction 835.4
[11:10:00] <+ajax> Vehicles sales report in 5 min
[11:23:25] <+ajax> [08:20] <iNews> 11:20ET Iran president: `Psychological' blows hit currency [ AP http://v.gd/frC9Zb ]
[11:32:48] <@wrbtrader> Long EuroFX 6E @ 1.2973 -> large size
[11:32:58] <@wrbtrader> 3+3
[11:34:38] <@wrbtrader> spike back down
[11:35:24] <@wrbtrader> trying hard to go back inside the prior low volatility tight trading range
[11:36:00] <@wrbtrader> Oil CL futures just did do just that and now EuroFX 6E futures trying the same
[11:36:24] <@wrbtrader> Exited all EuroFX 6E Long @ 1.2964 --> - 0.0009
[11:40:24] <@wrbtrader> Shorts EuroFX 6E @ 1.2953 -> large size
[11:40:30] <@wrbtrader> 4=2
[11:40:45] <@wrbtrader> 6 contracts
[11:40:55] <+ajax> wrb...switched from TF??
[11:42:03] <@wrbtrader> volatility now declining
[11:43:03] <@wrbtrader> EuroFX 6E futures S area of nearest WRB Hidden GAP @ 1.2947
[11:47:54] <@wrbtrader> Covered all EuroFX 6E Short @ 1.2951 --> + 0.0002
[11:48:06] <@wrbtrader> shallow WRB pt1 appeared
[11:50:31] <@wrbtrader> key markets low volatilikty tight trading range again
[11:58:07] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[13:07:20] <+Tigerman> take care all see tomorrow
[13:22:44] <@wrbtrader> Shorts EuroFX 6E @ 1.2949 -> medium size
[13:23:33] <@wrbtrader> 4 contracts
[13:27:59] <@wrbtrader> Looks like Oil CL futures and Gold GC futures have the better price action today
[13:28:08] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[13:32:58] <@wrbtrader> Covered all EuroFX 6E Short @ 1.2944 --> + 0.0005
[13:33:08] <@wrbtrader> WRB pt1 reached
[14:05:45] <T4n_paper> Shorts TF @ 835.5 -> small size «« sim »»
[14:06:35] <+T4n_paper> Covered TF Short @ 836.3 --> - 0.8 «« sim »»
[14:08:19] <+T4n_paper> Shorts TF @ 835.2 -> small size «« sim »»
[14:13:20] <+T4n_paper> Covered TF Short @ 835.6 --> - 0.4 «« sim »»
[14:24:47] <+T4n_paper> Shorts TF @ 835.2 -> small size «« sim »»
[14:29:00] <+T4n_paper> Covered TF Short @ 834.5 --> + 0.7 «« sim »»
[14:40:03] <+T4n_paper> Shorts TF @ 834 -> small size «« sim »»
[14:40:07] <+T4n_paper> eesh
[14:41:03] <+T4n_paper> Covered TF Short @ 834.6 --> - 0.6 «« sim »»
[14:46:56] <+T4n_paper> couldnt bring myself to try again
[14:58:08] <@X> #TheStrategyLab -> Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[14:58:18] <@wrbtrader> Shorts EuroFX 6E @ 1.2926 -> medium size
[14:58:46] <@wrbtrader> 2+2
[14:59:12] <@wrbtrader> EuroFX 6E futures still in a Creeper Down Movement
[15:02:11] <@wrbtrader> Light Crude Oil CL futures still in Creeper Down Movement
[15:06:35] <@wrbtrader> Covered all EuroFX 6E Short @ 1.2932 --> - 0.0006
[15:07:05] <@wrbtrader> This time of day is the tough period for the EuroFX 6E futures
[15:12:10] <@wrbtrader> No complaints today...markets just were not that active across the board for many key markets except for Gold GC futures and Light Crude Oil CL (WTI) futures after 12noon est
[15:16:59] <@wrbtrader> Shorts EuroFX 6E @ 1.2929 -> medium size
[15:17:05] <@wrbtrader> 2 + 2
[15:17:13] <@wrbtrader> re-entry
[15:24:33] <@wrbtrader> Emini NQ futures showing increasing volatility
[15:25:12] <@wrbtrader> so far others aren't biting on it
[15:25:51] <+ajax> y...is a greast day to trade this NQ....
[15:26:16] <+ajax> wrb...I see u stopped TF now??....euro has better patterns??
[15:27:04] <@wrbtrader> EuroFX 6E increasing volatility
[15:27:20] <+ajax> ah
[15:28:33] <Brian> Shorts Emini TF @ 835.7
[15:29:30] <@wrbtrader> EuroFX 6E futures odd price action right now...similar like yesterday too around this time
[15:29:53] <+Brian> Covered all Emini TF Short @ 836.1 --> - 0.4
[15:30:09] <@wrbtrader> Yet, there's no markets around the world that "CLOSES" around 3:30pm est
[15:30:41] <@wrbtrader> EuroFX 6E futures behaving exactly as if its reacting to a market being closed
[15:31:08] <@wrbtrader> Europe regular session alread closed.
[15:31:18] <@wrbtrader> Bonds regular session already closed...
[15:31:41] <@wrbtrader> I just can't figure out what other market has a regular session close around 3:30pm est
[15:32:19] <@wrbtrader> Covered all EuroFX 6E Short @ 1.2929 --> 0
[15:32:53] <+T4n_paper> my 6e chart was greyed out after 3pm est
[15:36:37] <+T4n_paper> Long TF @ 836.1 -> small size «« sim »»
[15:38:03] <@wrbtrader> Emini NQ slowly increasing its volatility and its now in a Creeper Up Movement
[15:38:55] <+T4n_paper> e 836.2
[15:39:00] <+T4n_paper> Exited TF Long @ 836.2 --> + 0.1 «« sim »»
[15:39:42] <@wrbtrader> Lots of long upper shadows in Emini TF futures
[15:40:47] <+canaandog> it might be going for its fourth try at wrb 1051-54et
[15:41:48] <@wrbtrader> Long Emini TF @ 836.20 -> large size
[15:41:57] <@wrbtrader> 5+4
[15:42:17] <@wrbtrader> trying to follow Emini NQ futures
[15:43:53] <+ajax> ya, my fav
[15:44:24] <+T4n_paper> nq looks nice
[15:45:17] <+ajax> like the way ES leads the NQ....have same time frame of ES nerxt to trading NQ chart....always leads by 1-3 bars most of time in turns
[15:47:27] <@wrbtrader> more long upper shadows
[15:48:24] <@wrbtrader> big weight on Emini NQ futures to get this moving higher
[15:49:21] <@wrbtrader> ugly looking Creeper Up Movement for all the Emini futures
[15:50:51] <@wrbtrader> somebody throw the market an "energy bar" or something
[15:52:37] <+ajax> lol...ya is snail at close here...on trigger & finger getting tired!!... )
[15:53:36] <@wrbtrader> Yeah Ajax...I've primary switched to EuroFX 6E futures and Light Crude Oil CL futures.
[15:53:49] <+ajax> ah
[15:53:58] <@wrbtrader> I'll trade Emini TF futures whenever needed.
[15:54:41] <@wrbtrader> Most likely trade Emini TF futures ONLY during times like now (last 30 minutes)
[15:54:58] <+ajax> ah
[15:54:58] <+T4n_paper> Shorts TF @ 836.2 -> small size «« sim »»
[15:55:22] <@wrbtrader> not sure yet but I do know if won't be my primary trading instrument anymore
[15:55:37] <+T4n_paper> Covered TF Short @ 836.7 --> - 0.5 «« sim »»
[15:55:38] <@wrbtrader> not until its volatility consistently returns
[15:55:53] <@wrbtrader> tighten stop loss
[15:56:32] <+ajax> few years ago I was a DOW player...then vol dried up & saw NQ & ES were the vol players....then saw the ES leads NQ....so gave me a leg up on moves.....
[15:56:42] <+T4n_paper> Long TF @ 837 -> small size «« sim »»
[15:59:23] <@wrbtrader> Exited Emini TF Long @ 837.50 --> + 1.3
[15:59:32] <+T4n_paper> Exited TF Long @ 837.3 --> + 0.3 «« sim »»
[15:59:37] <+ajax> ya, I switch & trade the ES in last 30 minutes till :15 closae
[15:59:55] <@wrbtrader> long shadows again
[15:59:58] <+T4n_paper> well i was possitive for one day this month
[16:00:18] <+T4n_paper> we'll see how the remainder goes
[16:00:45] <+ajax> well, that is a start... ))
[16:01:04] <@wrbtrader> My plan is to trade different trading instruments this month...
[16:01:17] <@wrbtrader> Trade whatever it takes to stay profitable
[16:01:46] <+T4n_paper> i'll try nq in december
[16:02:04] <+T4n_paper> taking a vacation in november so not much to trade there
[16:03:32] <@wrbtrader> Crazy close...this thing was corked up and it exploded.
[16:03:41] <+ajax> y
[16:03:56] <@wrbtrader> Oddly...its been like this the past several trading days going into the regular session close and it did NOTHING.
[16:04:36] <@wrbtrader> The question now...why did it "volatility spike" into the close for today whereas it did NOTHING the past several trading days into the close.
[16:06:14] <+ajax> maybe the FOMC on Th?
[16:06:18] <@wrbtrader> If we can get some more consistentcy in the volatility in the last 30 minutes of the regular trading session...
[16:06:29] <@wrbtrader> It will be obvious like a NEON light...
[16:06:43] <@wrbtrader> ONLY trade the last 30 minutes of the trading day.
[16:07:03] <@wrbtrader> I remember those days before 2008
[16:07:25] <@wrbtrader> Many trading days I would take most of the day off and show up only to trade the last 30 minutes.
[16:07:36] <@wrbtrader> Would make 2k - 3k on average
[16:08:29] <@wrbtrader> Back then the markets had well defined trading durations.
[16:08:35] <+ajax> times of Obuma changes.... )
[16:08:53] <@wrbtrader> Nowadays...the volatility shows up whenever it wants too
[16:09:52] <+ajax> that implies 'manipulation', where not in past....
[16:10:22] <@wrbtrader> Manipulation can be exploited by us but we need to know exactly how and when
[16:15:06] <+ajax> yes.....why I use the ES to lead NQ.....& know those trading times, as per an ex-ES pit trader shared with me years ago
[16:16:44] <@wrbtrader> Now that I've returned to trading multiple different trading instruments in the same day...
[16:17:03] <@wrbtrader> I'm going to make a trading plan for the hours of each.
[16:17:13] <+ajax> wish I cud....not that talented yet... )
[16:17:28] <@wrbtrader> Will obviously keep Emini TF for the last 30 minutes of the trading day.
[16:17:43] <+ajax> gotta run...patients comin....cya tomorrow.... )
[16:17:50] <@wrbtrader> take care
[16:19:14] <@wrbtrader> Will keep EuroFX 6E futures for trading between 0500am - 12noon est ONLY
[16:21:34] <@wrbtrader> May take a mid-day time out from trading between 12noon - 1530pm est unless there's a schedule key market event during that time period
[16:22:05] <@wrbtrader> That will be my initial trading plan and will monitor it closely for a few months
[16:24:09] <@wrbtrader> Light Crude Oil CL (WTI) futures will be trade during the same duration of EuroFX 6E futures whenever it has trade opportunities.
[16:24:51] <@wrbtrader> Looks like the market conditions has evolved back to the way things were before 2008 whenever low volatility became LOW and PROBLEMATIC
[16:25:23] <@wrbtrader> Simply, trade different markets during different times of the day.
[16:25:35] <@wrbtrader> Take care all and see all tomorrow.
[16:26:14] <@wrbtrader> WRB Analysis -> - Intermarket Analysis merged with WRB Analysis is an excellent trade method for day traders, swing traders, position traders of Emini Futures, Eurex/Euronext Futures, Treasury Futures, Oil Futures, Gold Futures and Forex Currencies.
[16:26:21] * wrbtrader is now known as wrbtrader_away
Session Close: Tue Oct 02 16:45:57 2012

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

#TheStrategyLab 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 only 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

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:

CME Emini Futures EMD, ES and NQ

ICE Emini TF Futures (formerly CME ER2)

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX 6E and EC

Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen and Usd/Cad

Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

S&P CNX NIFTY Futures

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 #SwingTradingTSL 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 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 (no technical indicators)
@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
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intradaystrategies@yahoo.com
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