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 Post subject: January 23rd Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Thu Jan 24, 2013 12:06 am 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
##TheStrategyLab (located on the Freenode IRC network) is free along with being a serious professional trading chat room for traders using WRB Analysis 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 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...improving their position size management and trade management after entry.

##TheStrategyLab is primarily designed to be a trade journal for documentation purposes only 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. Your diary (journal).

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

Quote:
Chat room 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 the price action you're 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:
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click on the above image to view today's price action of key markets

Session Start: Wed Jan 23 09:01:29 2013
Session Ident: ##TheStrategyLab
[09:01:29] * Now talking in ##TheStrategyLab
[09:01:29] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:05] <wave1> gm all
[09:31:37] <wave1> @office ...today
[09:36:00] <wave1> L es 87 sim
[09:36:16] <Tigermanx> gm all
[09:36:53] <wave1> gm T
[09:36:55] <Tigermanx> short IWM @ 89.14
[09:37:00] <Tigermanx> intuition
[09:39:36] <Tigermanx> exit IWM @89.15
[09:39:45] <Tigermanx> -0.01
[09:40:30] <canaandog> long emd 1079.6
[09:42:58] <canaandog> flat emd 1079.7
[09:43:44] <canaandog> eminis not in sync
[09:45:14] <Tigermanx> yes ym is on his own
[09:45:48] <Tigermanx> short IWM @ 89.11
[09:48:05] <wave1> out b/e
[09:48:14] <wave1> justchop in es...going no where
[09:48:17] <canaandog> tigerman, maybe someone already registered your nick on freenode
[09:49:22] <@wrbtrader> Freenode has a different registration nick process.
[09:49:25] <Tigermanx> yeah for that reason I changed in tigermanx
[09:49:44] <Tigermanx> but still I have problem with script
[09:49:53] <@wrbtrader> You should register that user name "tigermanx".
[09:50:28] <@wrbtrader> Tigermanx, you using the new trade post script I uploaded yesterday in reference to you saying you're haveing problem with the "script" ???
[09:50:38] <Tigermanx> yes
[09:50:57] <Tigermanx> it works ok as script
[09:51:03] <Tigermanx> as the older one
[09:51:21] <Tigermanx> only no nockname at start the trade posted
[09:51:33] <Tigermanx> I think is related with the nick
[09:51:43] <Tigermanx> better I register
[09:53:23] <Tigermanx> exit IWM @89.15
[09:53:29] <Tigermanx> -0.04
[09:53:52] <@wrbtrader> Freenode nick registration info @ http://www.wikihow.com/Register-a-User-Name-on-Freenode
[09:53:56] <Tigermanx> nq too strong
[09:54:10] <Tigermanx> thanks wrbtrader
[09:55:18] <wave1> es going south
[09:57:43] <@wrbtrader> Long Emini TF @ 897.00 -> medium size
[09:57:48] <@wrbtrader> 3+1
[09:58:14] <@wrbtrader> Key markets not insync which is why I'm not at my normal "large size" position right now
[09:59:16] <Tigermanx> long IWM @ 89.25
[10:00:24] <@wrbtrader> Exited all Emini TF Long @ 896.60 --> - 0.4
[10:02:38] <Tigermanx> exit IWM @89.20
[10:02:45] <Tigermanx> -0.05
[10:02:58] <Tigermanx> all loss today x me right now
[10:03:24] <Tigermanx> market unsync is better avoid like hell
[10:03:26] <@wrbtrader> Long Emini TF @ 896.70 -> medium size
[10:03:30] <@wrbtrader> re-entry
[10:03:32] <canaandog> only b/e gains for me so far
[10:04:37] <Tigermanx> long IWM @ 89.23
[10:05:10] <Tigermanx> I need a spike soon
[10:05:16] <Tigermanx> up spike :)
[10:05:55] <Tigermanx> untill I switch instrument :(
[10:06:08] <Tigermanx> ym and nq seems better today
[10:08:00] <Tigermanx> price going nowhere
[10:08:42] <@wrbtrader> Yeah, Emini NQ futures and the Emini YM futures are up nicely on the volatility contraction
[10:08:45] <Tigermanx> no news to move markets
[10:09:05] <@wrbtrader> In contrast, Emini ES and Emini TF futures are stuck in mud
[10:09:34] <@wrbtrader> Light Crude Oil CL futures not helping
[10:09:50] <MattR_> right-o
[10:09:58] <@wrbtrader> Gold GC futures had a volatility spike about 4 intervals ago on the 3min chart
[10:10:12] <Tigermanx> yeah CL rising in small intervals
[10:10:30] <@wrbtrader> I was hoping that it would trigger "increasing volatility" in other key markets regardless to the price direction
[10:11:01] <@wrbtrader> It did not in Emini ES and TF futures
[10:11:54] <@wrbtrader> Yet, we all know that "eventually" the Eminis will get "insync" on their volatility
[10:12:01] <@wrbtrader> Just a waiting game now
[10:12:33] <Tigermanx> yeah is a game on who lose patience first
[10:12:49] <Tigermanx> me or the markets
[10:13:12] <@wrbtrader> I'm usually patient if I know what's going on even if I get losers.
[10:13:22] <@wrbtrader> This price action is NOT confusing...it just sucks
[10:14:43] <Tigermanx> yeah knowing whats going on is primary
[10:14:52] <Tigermanx> not always my case
[10:15:22] <@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.
[10:15:54] <@wrbtrader> Exited all Emini TF Long @ 896.50 --> - 0.2
[10:16:02] <Tigermanx> exit 89.22
[10:16:08] <Tigermanx> -0.01
[10:16:16] <@wrbtrader> Emini's insync now...gotta take advantage of it while it lasts
[10:17:01] <@wrbtrader> Shorts Emini TF @ 895.90 -> large size
[10:17:11] <@wrbtrader> 3+3
[10:22:50] <@wrbtrader> Covered all Emini TF Short @ 896.60 --> - 0.7
[10:24:01] <Tigermanx> short 89.16
[10:24:07] <Tigermanx> intuition
[10:37:12] <Tigermanx> exit 89.06
[10:37:21] <Tigermanx> +0.1
[10:37:47] <Tigermanx> almost recovered my loss
[10:38:14] <Tigermanx> sorry not increased size on this last trade
[10:38:29] <Tigermanx> exploite the short synced move
[10:47:20] <@wrbtrader> Just found out that the Othernet has a ghost room still up.
[10:47:42] <@wrbtrader> there are about 6 members in that ghost room not smart enough to read the auto message...
[10:47:58] <canaandog_> lol
[10:48:07] <@wrbtrader> Message that saids to go to the Freenode server and chat room is now called ##TheStrategyLab
[10:48:23] <@wrbtrader> In in there now to personally tell them to move here.
[10:48:58] <@wrbtrader> I'll do that until Friday and if it doesn't work...they can stay there by themselves wondering were I've gone :)
[10:55:21] <kadt> hi mark,all
[10:55:50] <kadt> kadt= werner ..lets see if i can change that
[11:12:46] <@wrbtrader> Ok...looks like most are in here now except for about 5 members.
[11:13:12] <@wrbtrader> Hopefully they'll pay attention to the auto generated message (post every 30 minutes) in the old location room
[11:14:06] <t4npaper> I took a trading break at the same time servers went down and i was switching out computers
[11:14:18] <t4npaper> timing is everything
[11:19:54] <@wrbtrader> T4N...the Freenode is better for you and others located near Europe.
[11:20:10] <@wrbtrader> They have servers in Asia/Pacific Rim and Europe
[11:20:19] <@wrbtrader> Othernet did not have that
[11:21:02] <@wrbtrader> Thus, you'll have better connections now that we're on the Freenode IRC network...
[11:21:13] <@wrbtrader> They also are better manage unlike the Othernet
[11:21:48] <t4npaper> cool, lots of servers i c
[11:23:39] <Donnin> yea
[11:33:17] <@wrbtrader> slow again in the volatility contraction of the Emini ES and other Emini futures
[11:35:12] <newbieman> gm everyone
[11:37:00] <@wrbtrader> Hi...I recommend anyone in here that likes their user name...
[11:37:14] <@wrbtrader> I receommend you register it immediately to prevent others from using it.
[11:37:43] <@wrbtrader> Freenode user name (nick) registration instructions @ http://www.wikihow.com/Register-a-User-Name-on-Freenode
[11:51:44] <newbieman> good day to all
[11:57:15] <kadt> hi newbieman
[12:07:51] <newbieman> can someone please give me current price on TF please
[12:07:57] <newbieman> thank you
[12:08:06] <MattR_> 896.0
[12:08:12] <newbieman> thank you
[12:08:15] <newbieman> and timeframe
[12:08:20] <newbieman> mark like to trade with?
[12:08:44] <MattR_> timeframe? That's the same price on all timeframes. TFH3.
[12:08:52] <canaandog_> he typically watches 2,3,5,15m charts
[12:08:59] <newbieman> ok thank you
[12:09:07] <newbieman> so i guess 15 min will be optimal
[12:09:19] <newbieman> thank you guys
[12:09:29] <canaandog_> depends on your purpose and the market conditions
[12:10:40] <Zr1trader> Long CL 96.43 small - 1 Contract
[12:16:19] <@wrbtrader> newbieman, all the information you've been asking questions about is answered @ http://www.thestrategylab.com/tsl/forum ... 199&t=1715
[12:16:44] <@wrbtrader> I have that so that questions like that is not continuously repeated in here by me or anyone else
[12:17:21] <@wrbtrader> newbieman...you having data problems with Emini TF futures ?
[12:19:18] <newbieman> i am good now mark
[12:19:20] <newbieman> thank you
[12:23:40] <@wrbtrader> Not much happening right now in the price action of the Emini futures, Light Crude Oil CL futures, Gold GC futures or EuroFX 6E futures for me
[12:23:48] <@wrbtrader> good time to take a long lunch break
[12:24:48] <@wrbtrader> be back later...going out to lunch and do some personal stuff as "usual" :)
[12:24:59] * wrbtrader is now known as wrbtrader_away
[12:34:36] <kadt> mm sup @ 52 works sofar
[12:35:06] <kadt> so slow
[13:05:06] <SuperTigerman> tex
[13:05:37] <Tigerboy> hi
[13:10:50] <Zr1trader> CL out 96.19 -.24c
[13:13:30] * Tigerboy is now known as awesomenickname
[13:14:34] * awesomenickname is now known as TigermanTrader
[13:15:01] <TigermanTrader> register 7x7tigerx speedyline50@yahoo.com
[13:18:09] <canaandog_> short CL 96.30; flat CL 96.23 = +0.7
[13:20:23] <newbieman> do you guys
[13:20:28] <newbieman> trade wrb method in here?
[13:27:01] <Tigermanx> hello
[13:30:46] <Tigermanx> test
[13:31:45] <canaandog_> long GC 1688.0; flat GC 1688.5 = +0.5
[13:32:30] <canaandog_> short GC 1686.6; flat GC 1686.7 = -0.1
[13:37:47] <TigermanTrader> hello
[13:38:08] <TigermanTrader> ok seems at last I make it :)
[13:41:21] <TigermanTrader> anyone can see my posted trade ??
[13:41:56] <TigermanTrader> because seems script is ok on my side but not for others
[13:44:00] <t4npaper> i'll help you,
[13:44:03] <t4npaper> post a trade
[13:45:32] <TigermanTrader> did you see t4n thanks
[13:45:44] <TigermanTrader> it is an oil trade
[13:46:05] <t4npaper> nothing in my window...
[13:46:23] <TigermanTrader> ok thanks
[13:46:29] <canaandog_> might as well have been chinchilla futures-- couldn't see a thing :)
[13:46:49] <TigermanTrader> I suspect is related with chat name
[13:47:01] <TigermanTrader> *#TheStrategyLab*
[13:47:18] <TigermanTrader> the statement above is before the trade
[13:47:36] <TigermanTrader> instead should be the trader name
[13:47:43] <canaandog_> hmm. I thought I remembered mark saying he had to change all #xxxxx to ##xxxxx-- that was part of the new script
[13:48:09] <TigermanTrader> yeah maybe a # is missing
[13:48:37] <canaandog_> is it certain that the new script is the one you're actually using?
[13:48:57] <canaandog_> (just asking-- things happen)
[13:50:11] <TigermanTrader> yeah better be sure
[13:50:33] <TigermanTrader> yes it is the new one designed for free node
[13:51:10] <TigermanTrader> I checked right now and at first look the script is full of ##thestrategylab text so seems ok
[13:51:31] <TigermanTrader> but maybe something is missing
[13:51:54] <TigermanTrader> or simply freenode manage the things different
[13:52:14] <TigermanTrader> also wrbtrader post are simply text in my windows
[13:52:37] <canaandog_> yeah, he got rid of the colors, highlighting and so on
[13:52:50] <canaandog_> causing problems for him later when archiving
[13:53:04] <TigermanTrader> ah ok
[13:54:41] <TigermanTrader> canaandog how is trillian?
[13:54:51] <TigermanTrader> no script working?
[13:55:18] <canaandog_> it's ok. I've used it off and on for years. Nice thing is it handles many diff chat protocols
[13:55:27] <canaandog_> no script, though
[13:56:02] <TigermanTrader> ok thanks maybe one day I try it
[13:56:26] <TigermanTrader> btw ToS platform continue work good here
[13:56:36] <canaandog_> good!
[13:57:11] <TigermanTrader> yeah only not using always with IB on same machine
[13:57:35] <TigermanTrader> when using both seems ok
[13:58:08] <TigermanTrader> from tomorrow I plan to use the 2 platform harder on one machine only
[13:58:55] <TigermanTrader> canaandog have you read the book about Apple story?
[13:59:12] <TigermanTrader> I mean steve jobs book
[13:59:30] <canaandog_> yes, a while ago
[13:59:31] <TigermanTrader> seems interesting for who stay in IT
[13:59:49] <TigermanTrader> I got it on my reader
[14:00:18] <canaandog_> I remember it was interesting, but don't remember any specifics now
[14:00:32] <TigermanTrader> seems Jobs was more a computer architect
[14:00:41] <canaandog_> I'm currently reading "The Hour Between Dog and Wolf"
[14:00:49] <canaandog_> fascinating so far
[14:00:51] <TigermanTrader> I mean most of computer work was done by others
[14:01:20] <TigermanTrader> by Jobs know how to delivery new ideas
[14:01:38] <canaandog_> discusses the biological and physiological basis of thought and risk taking, written by ex-trader
[14:01:58] <canaandog_> yes, he provided the vision and drive to perfection
[14:02:50] <canaandog_> there's another book called "the Perfect Thing" or something like that that covers the conception and making of the iPod
[14:03:10] <canaandog_> was also very interesting
[14:03:51] <canaandog_> man, oil sinking like a stone
[14:04:26] <TigermanTrader> yeah jobs drive to perfection really
[14:05:02] <TigermanTrader> interesting book about risk taking thanks to make me note of it
[14:05:36] <TigermanTrader> yeah oil sink
[14:06:15] <TigermanTrader> if script worked you noted my short at 95.92
[14:06:26] <canaandog_> something must have Happened
[14:06:47] <TigermanTrader> I only close later at same prize
[14:06:49] <TigermanTrader> :(
[14:06:55] <TigermanTrader> after that sinked
[14:07:05] <TigermanTrader> but my view was right :)
[14:07:21] <TigermanTrader> simply disctracted by chat registration and so on
[14:09:18] <TigermanTrader> the way oil move now is the way market have to move to get us profit
[14:09:27] <TigermanTrader> not contraction mud
[15:12:33] <newbieman> u guys long?
[15:12:36] <newbieman> anyone long?
[15:12:42] <newbieman> i am scare of CL market
[15:12:47] <newbieman> to be honest
[15:13:01] <canaandog_> CL and GC can be wild
[15:13:14] <canaandog_> I'm flat most of time
[15:13:22] <canaandog_> trades are usually short
[15:13:42] <newbieman> i took long at 12;30 est time bar
[15:14:03] <newbieman> hope appl reporting will look good
[15:21:23] <canaandog_> I hope you're not still long CL from 1230
[15:21:34] <newbieman> no i trade es and nq
[15:21:38] <newbieman> only
[15:21:53] <newbieman> and dax
[15:27:47] <newbieman> i am scare to death trade CL
[15:27:50] <newbieman> not sure why
[15:40:36] <newbieman> guys
[15:40:44] <newbieman> all of you trade wrb method?
[15:40:44] <TigermanTrader> short IWM @88.97
[15:41:28] <canaandog_> don't know that I'd call it a "method", and speaking only for myself, yes, as best I can
[15:41:43] <newbieman> i wish i can learn
[15:41:46] <newbieman> his method
[15:42:59] <canaandog_> chapters 1-3 are free on site
[15:43:04] <canaandog_> study away...
[15:43:27] <newbieman> i did that
[15:44:48] <TigermanTrader> exit IWM @ 88.93
[15:45:16] <TigermanTrader> +0.04
[15:45:31] <newbieman> congrats tigerman
[15:46:41] <TigermanTrader> thanks:)
[15:46:58] <newbieman> all i see that wrb is great trader
[15:47:07] <TigermanTrader> I see now your question newbi
[15:47:10] <canaandog_> volatility so low even WRBs are tiny
[15:47:36] <TigermanTrader> simply stay in this chat you can learn a lot
[15:47:55] <newbieman> ok
[15:47:56] <newbieman> ty
[15:47:59] <newbieman> i doo good
[15:48:04] <newbieman> but i think i need more
[15:48:33] <TigermanTrader> only remember in discretional trading the trader himself makes the difference
[15:48:43] <TigermanTrader> cant be teach
[15:49:02] <TigermanTrader> but have the best tool is a great start
[15:49:14] <TigermanTrader> here I think we have the best tools :)
[15:49:23] <newbieman> i think so too
[15:51:25] <newbieman> my system is simple
[15:51:31] <newbieman> if i think its long
[15:51:35] <newbieman> i go short
[15:51:43] <newbieman> if i think its short i go long
[15:51:47] <newbieman> works
[15:51:49] <Donnin_> wrbs only are created by key events?
[15:52:06] <canaandog_> no
[15:52:07] <Donnin_> i mean zones
[15:53:11] <Donnin_> do we wrbs as zones without key events
[16:00:51] <TigermanTrader> long IWM @89.04
[16:01:06] <TigermanTrader> try to exploi last burst
[16:06:17] <TigermanTrader> exit IWM @89.07
[16:06:25] <TigermanTrader> +.03
[16:06:38] <newbieman> very nice
[16:06:43] <newbieman> tigerman
[16:06:51] <newbieman> i am still holding my long
[16:06:53] <newbieman> till eod
[16:07:05] <newbieman> i use 60 min chart
[16:07:08] <newbieman> for my trades
[16:07:57] <canaandog_> donnin, zones independent of events are covered in the advanced material
[16:09:38] <newbieman> canaandog
[16:09:46] <newbieman> have you take advance material?
[16:09:51] <newbieman> what do you think?
[16:11:13] <Donnin_> not yet
[16:18:31] <newbieman> if you guys going to be take advance course
[16:18:34] <newbieman> can you let me know
[16:18:36] <newbieman> i will join you
[16:18:40] <newbieman> andi dlike to learn
[16:18:45] <newbieman> please
[16:20:26] <newbieman> guys what ticker is CL
[16:20:27] <newbieman> ?
[16:20:32] <newbieman> qmh3?
[16:20:52] <Donnin_> funny think is the es has better ranges in the overnight sessions
[16:21:10] <newbieman> i tarde fdax at 4 am
[16:21:14] <newbieman> instead of es
[16:21:33] <Donnin_> but i cant trade overnights
[16:22:41] <newbieman> what is ticker on CL
[16:22:43] <newbieman> do you know?
[16:22:53] <Donnin_> one sec
[16:22:53] <canaandog_> sorry, phone
[16:23:13] <canaandog_> yes, I've done advanced material
[16:23:28] <canaandog_> good stuff, but a lot to integrate
[16:23:38] <newbieman> and how do you feel now?
[16:23:40] <canaandog_> and important to note, it's not "a system"
[16:23:54] <canaandog_> you are still a fully discretionary trader
[16:24:16] <Donnin_> does it work on 1 min chart es can?
[16:24:54] <newbieman> i use 1 algo
[16:24:58] <canaandog_> it can, but 1m usually only useful during high-volatility events
[16:25:06] <newbieman> is all
[16:25:09] <newbieman> i wish i can use more
[16:25:52] <canaandog_> gtg- good night all
[16:25:58] <Donnin_> gn
[16:26:03] <newbieman> gn
[16:27:28] <kadt> gn all
[16:29:48] <Donnin_> id like to able to use it on 5 mins charts
[16:30:06] <newbieman> i use 15 30 and 60 min charts
[16:30:15] <newbieman> and say
[16:30:28] <newbieman> 5 min is too fast
[16:32:30] <Donnin_> yea
[16:52:50] <@wrbtrader_away> I just got back in...missed that afternoon trading session.
[16:52:59] * wrbtrader_away is now known as wrbtrader
[16:54:14] <Donnin_> hey
[16:54:16] <@wrbtrader> reviewing the charts now for the afternoon trading session
[16:54:34] <@wrbtrader> price action looks ugly
[16:55:09] <Donnin_> are the wrb really effective at the 1 min interval
[16:55:17] <Donnin_> Wrbhg
[16:55:59] <@wrbtrader> WRB Analysis is useful on any chart interval that has WRBs and WRB Hidden GAPs
[16:56:12] <Donnin_> ok
[16:59:03] <Donnin_> es is down with aapl
[17:34:47] <newbieman> mark
[17:34:54] <newbieman> thank you for the room
[17:35:04] <@wrbtrader> You're welcome...
[17:35:26] <@wrbtrader> I've missed most of the trading day but I'll be here tomorrow
[17:35:44] <newbieman> i sent you a friend
[17:35:53] <newbieman> she is interested
[17:35:57] <newbieman> learning from you
[17:36:01] <newbieman> her name is darlene
[17:36:07] <newbieman> she will be contacting you
[17:36:57] <Donnin_> good to know
[17:43:28] <Donnin_> so these zone from what notice at the very least provide reactionary trades
[17:48:07] <@wrbtrader> I don't know what you meant by "reactionary trades"
[17:48:15] <@wrbtrader> I never heard that phrase before
[17:48:56] <Donnin_> just a place where price reactes
[17:50:04] <Donnin_> like if price was falling
[17:51:40] <Donnin_> then we might see the first signs price making some sort of attempt to change direction
[17:52:52] <Donnin_> of*
[17:53:38] <@wrbtrader> Your trade signals, whatever that is, don't care about WRB Zones
[17:53:59] <@wrbtrader> Yet, when your trade signals occurs inside of a WRB Zone...
[17:54:13] <@wrbtrader> You need to document their performance versus without WRB Zones
[17:54:27] <@wrbtrader> Next, you compare your results to determine which is better...
[17:54:40] <Donnin_> yeah that make sense
[17:55:01] <@wrbtrader> That's the only way to determine if WRB Zones helps with your trading results
[18:17:19] * Trendtrader is now known as Trend
[18:17:35] * wrbtrader is now known as yournewnick
[18:17:45] * yournewnick is now known as wrbtrader
[18:20:56] * Trend is now known as Trendtrader
[18:26:04] * Trendtrader is now known as TrendT
[18:36:53] * TrendT is now known as Trendtrader
[19:17:47] <newbieman> hey mark
[19:17:56] <newbieman> u still here
[19:17:57] <newbieman> ?
[19:26:47] * Donnin_ is now known as Donnin
[19:26:48] * Donnin is now known as Donnin_
[19:33:21] * cd_ is now known as canaandog
[19:40:34] * canaandog_ is now known as canaandog
[19:53:04] <@wrbtrader> yes
[19:53:11] <@wrbtrader> Hi newbieman
[19:53:20] <newbieman> hey
[19:53:35] <newbieman> couple of questions
[19:53:48] <newbieman> any reason you dont trade ES
[19:53:51] <newbieman> dax
[19:53:53] <newbieman> bonds
[19:53:58] <newbieman> second question
[19:54:12] <newbieman> do you look at orderflow when you look for trade based on your system
[19:55:24] <@wrbtrader> I prefer trading instrument that produce WRB Hidden GAPs (volatility)
[19:55:47] <@wrbtrader> The Emini ES is too slow as in too much "contracting volatility" or not enough WRB Hidden GAPs
[19:56:01] <@wrbtrader> for day trading purposes
[19:56:55] <@wrbtrader> Eurex DAX is one of my favorite markets but the time zone differences prevents me from trading it when it produces its best trade opportunities...first few hours after it opens
[19:57:28] <@wrbtrader> Also, I have a peeve that if I can't watch or trade a trading instrument in its first 2 hours of active session...
[19:57:34] <@wrbtrader> I won't trade it at all
[19:58:10] <@wrbtrader> I love Treasury Futures...but only for swing trading or position trading
[19:58:22] <@wrbtrader> I hate Treasury futures for day trading purposes
[19:58:53] <@wrbtrader> I don't watch any type of orderflow
[19:59:59] <Donnin_> yea the vol in es hurts its range
[20:01:06] <newbieman> i start making more money on dax
[20:01:24] <newbieman> for that i have to wake up at 4 am est
[20:01:27] <newbieman> it hurts
[20:01:28] <newbieman> but
[20:01:41] <newbieman> going into US opennig another 2 hours
[20:01:43] <Donnin_> dax ive never looked into the dax
[20:01:53] <newbieman> i get an amazing resutls
[20:02:02] <newbieman> mark
[20:02:10] <newbieman> do you get lot of wrb gaps
[20:02:13] <newbieman> on fdax?
[20:02:23] <newbieman> what timeframe you preffer to looke
[20:02:28] <newbieman> to see wrbgaps
[20:05:03] <@wrbtrader> Eurex DAX, Emini TF, Emini NQ, Emini YM, Light Crude Oil CL, Brent Oil, Hang Seng HSI, NIFTY, CAC 40, EuroFX 6E, Forex EURUSD, GBPUSD and Gold GC have the best WRB Hidden GAPs
[20:05:56] <@wrbtrader> Newbie...my time frame and any other thing involved with my daily trading routine is discussed @ http://www.thestrategylab.com/tsl/forum ... 199&t=1715
[20:07:33] <newbiman1> wow
[20:07:43] <newbiman1> your link crushed my pc
[20:07:49] <newbiman1> sorry
[20:09:39] <newbiman1> mark
[20:09:55] <newbiman1> di dyou come up with hidden gaps?
[20:11:38] <@wrbtrader> By accident one day when I was erasing some pencil annotations on a chart
[20:12:00] <@wrbtrader> I accidentally erased a big interval (volatilit spike interval)
[20:12:09] <newbiman1> ok syou you come up with that
[20:12:14] <@wrbtrader> The missing area on the chart looked like a "normal gap"
[20:12:57] <@wrbtrader> I also notice how the price action afterwards was reacting to the missing interval...a interval I later called Hidden GAP for its invisible price action like a normal gap
[20:13:41] <@wrbtrader> I'm sure theres a better suitable name but I just thought "Hidden GAP" sounded cool
[20:13:42] <@wrbtrader> :)
[20:14:18] <newbiman1> ahhhh
[20:15:56] <newbiman1> well
[20:16:01] <newbiman1> i need your hidden gaps
[20:16:38] <@wrbtrader> They are all over the place...just don't let them hit you
[20:19:29] <newbiman1> well i am suck
[20:19:33] <newbiman1> to see em
[20:23:05] <@wrbtrader> Screen time in live price action...
[20:23:18] <@wrbtrader> It's the primary way to learn WRB Analysis
[20:23:31] <@wrbtrader> Hindsight charts are ok but don't become too dependent upon them
[20:24:01] <@wrbtrader> Traders too dependent upon learning via hindsight charts will FREAK out when they try to learn in live price action
[20:24:12] <@wrbtrader> thats for any trade methodology
[20:26:11] <newbiman1> well iam good at orderflow
[20:26:17] <newbiman1> i am suck to look at charts
[20:26:26] <newbiman1> i trade from tape
[20:26:31] <newbiman1> but suck trade from charts
[20:28:14] <Donnin_> cool insights
[20:29:35] <@wrbtrader> What exactly is "orderflow" to you and what tools do you use for such ???
[20:29:58] <Donnin_> thats stuff is tons of money
[20:30:19] <Donnin_> i would imagin ninjatrader
[20:30:31] <newbiman1> i paid 3k
[20:30:38] <newbiman1> to learn from awesome trader
[20:30:43] <newbiman1> how to read orderflwo
[20:30:47] <newbiman1> from
[20:30:53] <newbiman1> reading bids and offers
[20:31:03] <Donnin_> which site?
[20:31:05] <newbiman1> no charts
[20:31:21] <newbiman1> but limitations are there
[20:31:37] <newbiman1> some limitations
[20:31:42] <newbiman1> for example
[20:31:46] <newbiman1> cannot trade thin markets
[20:32:07] <newbiman1> so market like tf will be a problem
[20:32:18] <newbiman1> cannot trade forex
[20:32:45] <Donnin_> you use ninja?
[20:33:26] <newbiman1> no
[20:33:47] <Donnin_> you also need good data provider
[20:34:16] <Donnin_> high end platform no?
[20:34:22] <newbiman1> YES
[20:34:26] <newbiman1> correct
[20:37:24] <Donnin_> what plat you use?
[20:37:36] <newbiman1> i need wrb gaps
[20:41:06] <Donnin_> any success with es?
[20:41:28] <newbiman1> es is my biggest success
[20:41:36] <newbiman1> and fdax
[20:41:41] <newbiman1> not cl no tf
[20:41:51] <newbiman1> and i hear CL is good money machine
[20:42:42] <Donnin_> what time frame?
[20:43:07] <newbiman1> 36000 volume
[20:43:09] <newbiman1> chart
[20:43:16] <newbiman1> my biggest break thru
[20:43:22] <newbiman1> works liek a clock
[22:02:02] * mike is now known as Guest22651
[22:40:32] * RacerX is now known as Racer_X
Session Close: Wed Jan 23 23:24:44 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 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:

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 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
intradaystrategies@yahoo.com
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


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