##TheStrategyLab Price Action Chat Room Logs

Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
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##TheStrategyLab (located on the Freenode IRC network) is free along with being a serious professional trading chat room for traders using WRB Analysis (e.g. Contracting Volatility, WRB, WRB Hidden GAP, WRB Zone, WRB profit targets, Key Market Events) 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.


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


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

Note: Trader conversations below may represent different chat rooms (e.g. ##TheStrategyLab, ##WRB_Analysis, ##VolatilityTradingTSL) that have been merged together at the end of the trading day.

Session Start: Tue Nov 12 08:30:57 2013
Session Ident: ##TheStrategyLab
[08:30:57] * Now talking in ##TheStrategyLab
[08:30:57] * 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'
[08:30:57] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:31:01] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:20:39] <Stoli____> kramrod114
[09:20:47] <canaandog> good morning
[09:22:30] <NDW> good morning, come on trend day....
[09:34:44] <wrbtrader> Wow...same type of price action opening like yesterday
[09:35:02] <TigermanTrader> all
[09:35:07] <wrbtrader> except for Emini NQ and YM, just like yesterday
[09:36:19] <wrbtrader> I'm beginning to think that maybe more traders have been switching to Emini NQ and YM from the TF and ES.
[09:36:58] <wrbtrader> Thus, may explain why NQ and YM have better price movements the past month than TF and ES.
[09:37:05] <TigermanTrader> just my same think in past days
[09:37:36] <TigermanTrader> I followed nq during tech bubble
[09:38:56] <wrbtrader> I switched to NQ during the tech bubble too from the other Eminis
[09:39:32] <TigermanTrader> TF now try to lead up
[09:39:38] <wrbtrader> I traded it almost exclusively for about 6 months until price action returned to normal in the other Eminis
[09:40:33] <wrbtrader> The price action we see now in the eminis...occurred similar for a few months just BEFORE the tech bubble burst
[09:40:52] <TigermanTrader> wrbtrader what not stayed in NQ more in those days ...vola decline in NQ?
[09:41:05] <TigermanTrader> why I mean
[09:41:42] <wrbtrader> When the volatility became tradable in the Russell and S&P 500 again...I stopped trading Nasdq NQ
[09:42:47] <TigermanTrader> lg nq 3355.25
[09:43:38] <TigermanTrader> exit nq at 3355.75 +2tk
[09:43:38] <wrbtrader> Long Emini ES @ 1765.75 -> large size
[09:44:47] <wrbtrader> Long Emini TF futures @ 1097.40 large size 4+2 contracts
[09:48:38] <wrbtrader> Exited all Emini ES Long @ 1767.00 --> + 1.25
[09:49:40] <wrbtrader> Exit all Emini TF futures @ 1098.40 +1.00
[10:16:32] <wrbtrader> Long Emini ES @ 1766.00 -> large size
[10:17:04] <wrbtrader> 30+5 contracts
[10:18:05] <wrbtrader> I remember yesterday a big losing trade in a similar like situation...I shorted to pop upwards and paid the price.
[10:19:35] <wrbtrader> Exited Emini ES Long @ 1768.00 --> + 2
[10:19:39] <wrbtrader> Holding 5 contract remainders
[10:19:57] <wrbtrader> WRB pt1 reached
[10:22:41] <wrbtrader> Exited Remainder Emini ES Long @ 1767.00 --> + 1
[10:45:01] <wrbtrader> Geeesh...the Eminis starting to show that flatlined price action again
[10:48:11] <Sidhartha> yup. very little follow through from that big spike up recently
[10:58:55] <TigermanTrader> sh qqq 82.50
[10:59:37] <TigermanTrader> wow now I decide for qqq spy move better
[11:02:42] <NDW> GC falling pretty hard
[11:04:35] <TigermanTrader> exit qqq 82.49 +1tk stop hit
[11:08:21] <wrbtrader> Short Emini TF futures @ 1/tf097.40 large size 4+2 contracts
[11:08:33] <wrbtrader> correction
[11:09:27] <wrbtrader> Short Emini TF futures @ 1095.70 large size 4+2 contracts
[11:09:45] <TigermanTrader> sh qqq 82.42
[11:09:51] <TigermanTrader> re-entry
[11:10:06] <TigermanTrader> before exit too eraly not waited a good target
[11:10:59] <wrbtrader> snap back and its trying to pick up speed...similar to a few situations yeterday in that first hour
[11:15:25] <wrbtrader> Long Emini ES @ 1765.00 -> large size
[11:15:32] <wrbtrader> Cover all Emini TF futures @ 1096.60 -0.90
[11:15:54] <wrbtrader> 20+5 contracts on Emini ES futures
[11:21:39] <wrbtrader> Exited all Emini ES Long @ 1765.25 --> + 0.25
[11:22:21] <wrbtrader> spooked out of Emini ES by the volatillty drying up
[11:26:02] <TigermanTrader> exit qqq 82.41 +1tk
[11:26:33] <wrbtrader> volatility still declining
[11:27:25] <@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.
[11:29:34] <@wrbtrader> Long Emini TF futures @ 1097.90 large size 6 contracts
[11:36:22] <@wrbtrader> Cover Emini TF futures @ 1098.90 +1.00
[11:38:49] <johnsss_> wrb hg 1 min sp
[11:41:48] <@wrbtrader> Shorts Emini ES @ 1763.00 -> large size
[11:42:10] <@wrbtrader> 10 contracts...lowering my position size
[11:44:30] <johnsss_> 10:16 and 11:37 1 minute 3 bars very similar
[11:45:29] <@wrbtrader> Covered all Emini ES Short @ 1763.00 --> 0
[11:46:57] <johnsss_> more consolidation this move on lows
[11:47:47] <@wrbtrader> Shorts Emini ES @ 1762.25 -> large size
[11:48:00] <@wrbtrader> 10 contracts
[11:48:28] <@wrbtrader> I'm starting to see some contradictions
[11:48:40] <@wrbtrader> keeping my position size low
[11:49:08] <@wrbtrader> Hindsight, Emini TF futures the better trade
[11:50:27] <NDW> I tried catching a short entry at 1096.0, but it didn't pullback to give me a fill
[11:51:17] <NDW> went too far, and I won't chase it
[11:56:40] <t4npaper> losses are coming so fast
[11:57:44] <@wrbtrader> Covered Emini ES Short @ 1763.25 --> - 1
[11:57:44] <@wrbtrader> Reverse and Enter Long Emini ES @ 1763.25
[11:57:45] <t4npaper> I actually thought I would have an easy month
[11:57:57] <@wrbtrader> 10 contracts
[11:58:05] <t4npaper> started out that way, but since has been all bad
[12:04:57] <t4npaper> cl volatility spiked me out, only to slowly fall again
[12:05:26] <t4npaper> these volatility spikes beat me today
[12:05:28] <@wrbtrader> Exited all Emini ES Long @ 1762.25 --> - 1
[12:05:44] <@wrbtrader> Shorts Emini ES @ 1762.00 -> large size
[12:05:52] <@wrbtrader> 30 contracts
[12:05:56] <@wrbtrader> volatility increasing fast
[12:06:08] <@wrbtrader> other Eminis rolling over
[12:06:50] <@wrbtrader> Emini YM futures still above its most recent reaction low
[12:07:05] <@wrbtrader> will try to dump the Emini ES if YM goes below that reaction low
[12:07:38] <@wrbtrader> WRB pt1 reached
[12:07:56] <@wrbtrader> YM below
[12:08:28] <@wrbtrader> Covered 2/3 Emini ES Short @ 1760.50 --> + 1.5
[12:18:50] <@wrbtrader> Covered Remainder Emini ES Short @ 1761.75 --> + 0.25
[12:27:08] <tomis170> Hi all
[12:30:15] <@wrbtrader> Jo tp,os
[12:30:28] <@wrbtrader> Hi tomis
[12:35:30] <tomis170> the market is very quiet...
[12:35:57] <@wrbtrader> A lot more action today than yesterday
[12:36:42] <@wrbtrader> Stocks Retreat With Treasuries, Metals on Fed Taper Bets
[12:37:05] <@wrbtrader> (Bloomberg) @ http://www.bloomberg.com/news/2013-11-1 ... -drop.html
[12:46:42] <@wrbtrader> WTI Declines From November High as Stockpiles Seen Rising
[12:46:52] <@wrbtrader> @ http://www.bloomberg.com/news/2013-11-1 ... ising.html
[12:49:32] <@wrbtrader> Emini TF futures hard to get back above the R area of its most recent Down WRB Hidden GAP on the 3min chart
[13:09:05] <@wrbtrader> Light Crude Oil CL futures trying to push lower
[13:09:47] <@wrbtrader> Gold GC futures lower too but stuck inside the range of the Up WRB Hidden GAP of 1202pm - 1204pm est (2min chart)
[13:10:15] <Netanggos_> I have a WRB HG at 9354 to 9339 in CL
[13:14:52] <t4npaper> I will dance with CL until 130
[13:16:30] <t4npaper> here it goes again with the vol spike against
[13:16:52] <t4npaper> testing Res
[13:17:35] <t4npaper> from its low to the top of that recent pop is all better entry than I managed to get
[13:18:08] <t4npaper> could easily switch direction and charge into 130
[13:20:28] <t4npaper> cl slowing down
[13:25:25] <@wrbtrader> Gold GC futures now below the S area of the earlier mentioned WRB Hidden GAP
[13:26:12] <@wrbtrader> Long Emini TF @ 1096.00 -> small size
[13:26:29] <@wrbtrader> 2 contracts
[13:29:40] <@wrbtrader> Exited all Emini TF Long @ 1095.00 --> - 1
[13:31:31] <t4npaper> cl vol died....
[13:31:41] <t4npaper> now i'm out so its safe for it to drop
[13:32:25] <t4npaper> i think i'm torturing myself
[13:33:42] <@wrbtrader> Shorts Emini ES @ 1760.00 -> large size
[13:33:52] <@wrbtrader> 20 contracts
[13:34:53] <@wrbtrader> volatility still increasing since the Emini TF dropped below its R area of that big Down WRB Hidden GAP
[13:35:38] <@wrbtrader> Emini YM futures below the reaction low of 1208pm est
[13:39:11] <@wrbtrader> volatility slowing again
[13:39:39] <@wrbtrader> Long lower shadows developing
[13:40:06] <@wrbtrader> Hopefully the price action tries to climb lower
[13:43:11] <Donnin________> can we use wrbhg and wrb as natural support resistence as a stand alone?
[13:44:27] <@wrbtrader> depends on what you use it for
[13:45:21] <johnsss_> same wrb hg pattern at 1:28 as 2 others before
[13:46:55] <johnsss_> 1 min sp
[13:47:09] <@wrbtrader> Covered all Emini ES Short @ 1759.75 --> + 0.25
[13:48:02] <@wrbtrader> Donnin...WRB Hidden GAPs have S/R areas, WRB Zones have S/R areas and Volatilty Contraction has S/R area
[13:48:27] <@wrbtrader> Thus, not sure what you mean by "stand alone".
[13:53:02] <NDW> S TF 1093.0, stopped -15 ticks, 6 c.
[14:02:01] <@wrbtrader> Long Emini ES @ 1760.50 -> large size
[14:02:11] <@wrbtrader> 15 contracts
[14:14:32] <@wrbtrader> Short Crude Oil CL futures @ 92.98 small size 3 contracts
[14:17:22] <@wrbtrader> Cover all Crude Oil CL futures @ 92.88 +0.10
[14:18:22] <@wrbtrader> early exit in Crude Oil CL futures because the Emini ES trade was starting to bother me...
[14:18:29] <@wrbtrader> need to watch it closely now
[14:20:02] <@wrbtrader> WRB pt1 reached
[14:20:37] <@wrbtrader> Exited all Emini ES Long @ 1761.50 --> + 1
[14:23:12] <TigermanTrader> take care all see next time
[14:25:34] <@wrbtrader> Emini futures now choppy
[14:35:55] <@wrbtrader> Long Emini ES @ 1761.25 -> large size
[14:36:06] <@wrbtrader> 10 contracts
[14:38:38] <@wrbtrader> I'm starting to think that Gold GC futures plunge like a hot potatoe has shaken things up in the markets
[14:41:26] <@wrbtrader> Exited all Emini ES Long @ 1761.50 --> + 0.25
[14:41:41] <@wrbtrader> lost my patience with Emini ES
[14:41:57] <@wrbtrader> easy to do these past 30 days of trading
[14:44:25] <@wrbtrader> Short Gold GC futures @ 1263.00 medium size 4 contracts
[14:49:41] <@wrbtrader> Cover all Gold GC futures @ 1263.00 +0.00
[14:49:57] <@wrbtrader> volatility spike in the Eminis
[14:50:17] <@wrbtrader> I'm not going to hang around in Gold GC futures to see if the volatility will hit it too
[14:58:24] <@wrbtrader> .50 order
[14:58:29] <t4npaper> surprise bit of volatility
[14:58:40] <@wrbtrader> Long Emini ES @ 1764.50 -> large size
[14:59:09] <@wrbtrader> 10 contracts
[14:59:41] <@wrbtrader> was looking at the higher time frame chart when the spiked happen
[15:01:13] <@wrbtrader> Exited all Emini ES Long @ 1765.00 --> + 0.5
[15:02:44] <@wrbtrader> I'm not here today to look for ticks but the price action is tough this afternoon in comparison to earlier this morning...
[15:03:04] <@wrbtrader> This afternoon it plays dead and then suddenly pops up like a zombie
[15:03:20] <Donnin________> <
[15:03:28] <NDW> very strange price action
[15:05:19] <Donnin________> strange
[15:11:17] <@wrbtrader> Long Emini TF @ 1098.80 -> medium size
[15:11:23] <@wrbtrader> 4 contracts
[15:11:55] <canaandog> I was watching that, but decided to go with 3m.
[15:14:33] <@wrbtrader> taking a break before the 4pm est rush hour traffic begins around 1550pm est
[15:15:37] <@wrbtrader> Exited all Emini TF Long @ 1098.80 --> 0
[15:59:22] <@wrbtrader> Long Emini TF @ 1100.00 -> large size
[15:59:38] <@wrbtrader> 6 contracts
[16:02:48] <@wrbtrader> Exited all Emini TF Long @ 1099.60 --> - 0.4
[16:03:23] <@wrbtrader> returned too late to try to get a re-entry @ 1098.80
[16:04:03] <@wrbtrader> Also, not able to stay longer see if this trade will creep higher above 1100.70
[16:04:12] <@wrbtrader> Take all and see all tomorrow
Session Close: Tue Nov 12 19:54:53 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:

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 ##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
@ 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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