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 Post subject: July 23rd Wednesday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Jul 26, 2014 4:41 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
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
Business Hours: 8am - 5pm est (Mon - Fri)
questions@thestrategylab.com (24/7)
http://twitter.com/wrbtrader (24/7)

##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. Exceptions to the chat room participation rule involves those traders that are actively posting elsewhere at TheStrategyLab.com (e.g. DOKs at their support forum in the public area or within their private threads)...these traders are then allowed to not participate in the chat room if that's what they prefer to do instead of asking for help with real-time WRB Analysis.

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

Attachment:
072314-Key-Price-Action-Markets.png
072314-Key-Price-Action-Markets.png [ 960.71 KiB | Viewed 360 times ]

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

Session Start: Wed Jul 23 09:28:15 2014
Session Ident: ##TheStrategyLab
[09:28:15] * Now talking in ##TheStrategyLab
[09:28:15] * 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'
[09:28:15] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:28:15] -kornbluth.freenode.net:##TheStrategyLab- [freenode-info] why register and identify? your IRC nick is how people know you. http://freenode.net/faq.shtml#nicksetup
[09:28:15] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:38] <Tigerman__> gm all
[09:32:32] <Tigerman__> sh dax 9784.5
[09:32:40] <tradermo> short ym 17039
[09:33:12] <Tigerman__> exit half 82.5 +2 pt
[09:33:33] <tradermo> stop to breakeven 17039
[09:36:49] <Tigerman__> exit all Dax remainder 9772.5 +12 pt
[09:37:50] <@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.
[09:41:00] <Tigerman__> price stall here
[09:41:09] <@wrbtrader> Shorts Emini TF @ 1151.80 -> large size
[09:41:26] <tradermo> exit all ym 17003
[09:41:31] <@wrbtrader> 2+3+2 contracts
[09:42:53] <@wrbtrader> Covered Emini TF Short @ 1151.30 --> + 0.5
[09:43:06] <@wrbtrader> Covered Remainder Emini TF Short @ 1151.50 --> + 0.3
[09:43:33] <@wrbtrader> Price action was not jumpy before I enter and became jumpy after my entry :(
[09:45:04] <@wrbtrader> Short Emini ES futures @ 1977.00 large size 20 contracts
[09:45:46] <Tigerman__> sh 9764 dax
[09:46:40] <Tigerman__> exit all dax at 9763 +1pt
[09:46:46] <@wrbtrader> Exit all Emini ES futures @ 1976.50 +0.50
[09:46:49] <Tigerman__> scared of contracting
[09:48:52] <@wrbtrader> price action still jumpy
[09:52:55] <TradeSnake_> Short YM @ 17024
[09:53:23] * wrbtrader_away is now known as wrbtrader
[09:53:59] <@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.
[10:00:36] <Tigerman__> it is interesting now if support hold here
[10:00:53] <TradeSnake_> Flat YM @ 17013 +11
[10:01:24] <Tigerman__> sh da 46
[10:01:33] <tradermo> long nq 2964.25
[10:01:38] <Tigerman__> I mean Dax 9746
[10:02:27] <Tigerman__> exit dax all 9745 +1 pt tight stop
[10:02:40] <Tigerman__> simplt try to enter in the break down
[10:02:50] <tradermo> stop at 3957.5
[10:04:00] <tradermo> stop to breakeven 3964.25
[10:05:16] <Tigerman__> sh dax 9750
[10:06:13] <Tigerman__> exit all dax 9749 +1 pt
[10:07:11] <tradermo> exit all nq 3964.25
[10:07:13] <Tigerman__> sh dax 9746 re enter
[10:07:50] <@wrbtrader> This low volatility is painful to look at as it occurs
[10:07:59] <Tigerman__> yep
[10:08:52] <Tigerman__> exit all dax at 9750 +4 pt :(
[10:09:00] <Tigerman__> opps -4 pt
[10:10:34] <Tigerman__> sh dax 9749.5
[10:11:14] <Tigerman__> exit half at 9747.5 +2 pt
[10:12:04] <@wrbtrader> The 15min chart of the Emini futures show how tight the range is and shows we really having gone anywhere today.
[10:12:07] <Tigerman__> exit all at 9749 +0.5 pt
[10:19:27] <tradermo> short ym 17022
[10:19:57] <tradermo> stop at 17045
[10:20:36] <tradermo> hedging some other longs with this trade
[10:23:46] <Tigerman__> lg dax 9757
[10:25:17] <tradermo> stop to breakeven 17022
[10:25:23] <Tigerman__> exit dax 9754 -3 pt trade error
[10:25:35] <Tigerman__> see something was not there
[10:25:51] <tradermo> exit all ym 17022
[10:28:46] <tradermo> short ym 17025
[10:28:49] <tradermo> reentry
[10:28:57] <tradermo> on new nq high
[10:29:28] <TradeSnake_> Long YM @ 17024
[10:29:42] <tradermo> stop at 17047
[10:30:07] <@wrbtrader> Long Emini TF @ 1156.20 -> medium size
[10:30:26] <@wrbtrader> 2+2 contracts
[10:30:50] <@wrbtrader> volatility still looks poor
[10:31:00] <TradeSnake_> Flat YM @ 17035 +11
[10:34:03] <@wrbtrader> Exited all Emini TF Long @ 1156.40 --> + 0.2
[10:39:21] <tradermo> exit ym 17047
[10:44:40] <Tigerman__> short dax 9769
[10:45:30] <tradermo> short iwm 115.33
[10:46:07] <tradermo> stop at 115.80 - back later
[10:47:34] <@wrbtrader> Long Emini TF @ 1158.10 -> medium size
[10:47:51] <@wrbtrader> 1+1+2 contracts
[10:48:29] <Tigerman__> exit half dax at 66 + 3pt
[10:51:07] <Tigerman__> exit all Dax at 9768 +1 pt
[10:53:23] <@wrbtrader> I just need 4 ticks to reach my profit goal for the trading day
[10:53:38] <@wrbtrader> Emini TF not co-operating
[10:55:14] <@wrbtrader> Exited all Emini TF Long @ 1157.60 --> - 0.5
[10:55:40] <@wrbtrader> two consecutive trades that were shake outs
[10:58:41] <Tigerman__> short dax 9764.5
[11:04:15] <Tigerman__> exit all dax 9763 +1.5 pt
[11:04:40] <@wrbtrader> Long Emini TF @ 1157.80 -> medium size
[11:04:54] <@wrbtrader> 2+2 contracts re-entry
[11:06:09] <@wrbtrader> I need 9 ticks to reach my profit goal for the trading day...so far not looking good because its struggling again with the volatility
[11:07:32] <@wrbtrader> Almost a WRB pt1
[11:08:59] <@wrbtrader> Exited all Emini TF Long @ 1157.90 --> + 0.1
[11:14:23] <tradermo> stop to breakeven 115.33
[11:15:37] <@wrbtrader> Long Emini TF @ 1158.20 -> medium size
[11:15:40] <tradermo> exit all iwm 115.33
[11:15:48] <@wrbtrader> 4 contracts re-entry :(
[11:19:21] <@wrbtrader> range continues getting tighter
[11:20:55] <@wrbtrader> and Up/Down WRB Hidden GAPs continue sharing ticks with each other (overlapping)
[11:21:36] <Tigerman__> sh dax 9764
[11:22:22] <Tigerman__> exit dax 9764
[11:24:06] <Tigerman__> sh dax 9762
[11:25:22] <@wrbtrader> contraction now showing up
[11:25:48] <@wrbtrader> Exited all Emini TF Long @ 1157.00 --> - 1.2
[11:26:43] <Tigerman__> exit all dax at 9760 +2 pt
[11:26:51] <Tigerman__> volatility too low
[11:26:56] <Tigerman__> nothing to milk
[11:32:50] <@wrbtrader> Long Emini TF @ 1157.90 -> medium size
[11:33:04] <@wrbtrader> 3+1 contracts re-entry
[11:37:09] <@wrbtrader> volatility rolled over again...its now contracting
[11:37:44] <@wrbtrader> Thus range is like someone is "accumulating"...preparing to move the price action big.
[11:38:29] <@wrbtrader> It is tight and then jumps on very little contracts and then retraces again...WRB Hidden GAPs overlapping each other with intervals in between the WRB Hidden GAPs
[11:40:47] <@wrbtrader> Exited all Emini TF Long @ 1157.90 --> 0
[11:40:55] <@wrbtrader> another shake out :(
[11:41:00] <@wrbtrader> Its starting to get old now
[11:41:23] <Tigerman__> take care all see next time
[11:49:14] <@wrbtrader> Long Emini TF @ 1158.10 -> large size
[11:49:24] <@wrbtrader> 4+1+1 contracts
[11:49:38] <@wrbtrader> I'm rolling the dice on this trade with the position size
[11:49:56] <@wrbtrader> not a normal size for me at this time of day
[11:51:25] <@wrbtrader> price action trying again to do what it has been doing the past hour or so...
[11:51:51] <@wrbtrader> Make a volatility spike and then retrace it...causing another WRB Hidden GAP overlap
[11:52:13] <@wrbtrader> If the volatility can last or maintain itself...it'll move higher.
[11:52:32] <@wrbtrader> If not...maybe another shake out for me
[11:52:57] <robbin_banks> looks like you rolled a 7 mr P...great trade in my book! off to the day job :(...take care all
[11:53:01] <tradermo> tf really looks like a good long, but i need a short (too long already)
[11:53:27] <@wrbtrader> I'm still in the woods on this trade
[11:53:37] <tradermo> waiting for new nq highs
[11:56:02] <@wrbtrader> too much contraction now
[11:56:40] <@wrbtrader> Exited all Emini TF Long @ 1158.90 --> + 0.8
[11:56:57] <@wrbtrader> It just stole a lot of stops including mine
[12:02:39] <@wrbtrader> Emini TF futures retesting the S area of its most recent Up WRB Hidden GAP on the 1min chart
[12:26:53] <tradermo> long nq 3977
[12:27:54] <tradermo> stop at 3967
[12:59:42] <tradermo> tf weakness a bit anoying, need a snapback here
[13:03:15] <tradermo> exit all nq 3975
[13:24:00] <tradermo> short iwm 114.84
[13:25:15] <tradermo> very little buying so far
[13:26:10] <tradermo> stop at 115.20 - r area of 2min wrb hg that started the selling
[13:29:56] <@wrbtrader> I got a thunderstorm here with heavy rain out of nowhere...plus big time lightning
[13:30:06] <@wrbtrader> If I get disconnected...you now know why
[13:30:53] <@wrbtrader> I went for an hour walk and the dark clouds rolled in fast...
[13:30:57] <@wrbtrader> got soaked
[13:33:20] <tradermo> es/nq trying hard to get back into bull territory
[13:43:39] <tradermo> spike up, let's see if that can hold
[14:14:06] <tradermo> no real buying in spite of nq trying for new highs, hm
[14:16:31] <tradermo> iwm tried to form dcm up but was killed off on 2min
[14:32:35] <tradermo> stop to breakeven on iwm 115.84
[14:32:55] <tradermo> 114.84
[14:33:05] <tradermo> could snap back here
[14:38:33] <tradermo> exit all iwm 114.84
[14:39:35] <tradermo> may need to reshort higher
[15:03:59] <tradermo> holding in bull territory but not much buying so far, very strange
[15:17:19] <@wrbtrader> Emini TF futures retesting a recent reaction high
[15:22:46] <@wrbtrader> Long Emini TF @ 1154.10 -> small size
[15:23:00] <@wrbtrader> 2 contracts
[15:29:08] <@wrbtrader> Exited all Emini TF Long @ 1154.10 --> 0
[15:39:57] <@wrbtrader> Long Emini TF @ 1154.20 -> small size
[15:40:09] <@wrbtrader> 2 contracts re-entry
[15:40:41] <@wrbtrader> Long Emini TF @ 1154.20 -> Add
[15:40:54] <@wrbtrader> 2 added
[15:54:41] <@wrbtrader> Exited all Emini TF Long @ 1153.80 --> - 0.8
[15:55:09] <@wrbtrader> -0.4 (not-0.8)
[15:55:27] <@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.
[15:55:40] <@wrbtrader> It was a good effort...it tested my patience a few times
[15:56:34] <@wrbtrader> Long Emini TF @ 1153.90 -> large size
[15:56:58] <@wrbtrader> 2+4 contracts re-entry
[16:00:11] <@wrbtrader> Exited all Emini TF Long @ 1154.00 --> + 0.1
[16:01:23] <@wrbtrader> nothing...just a churn into the 4pm est rush hour traffic
[16:01:48] <@wrbtrader> Long Emini TF @ 1154.20 -> small size
[16:01:56] <@wrbtrader> 2 contracts
[16:03:11] <@wrbtrader> another low volatility tight trading range 4pm est rush hour traffic
[16:03:24] <@wrbtrader> Emini TF futures back at the most recent reaction highs
[16:03:40] <tradermo> i assume rush hour trades dont need a wrb zone ?
[16:03:53] <@wrbtrader> They do
[16:04:03] <@wrbtrader> Everything needs a Zone
[16:04:15] <tradermo> ok, just looking for it
[16:04:59] <@wrbtrader> Exited all Emini TF Long @ 1154.50 --> + 0.3
[16:05:27] <@wrbtrader> early exit because something is weird in the Emini NQ price action volatility spike down
[16:06:09] <tradermo> and your wrb zone is on the 2 min ?
[16:06:58] <TradeSnake_> Think NQ spike has to do with FB earnings
[16:06:58] <@wrbtrader> Its on the 1min, 2min, 3min and 5min chart
[16:07:14] <@wrbtrader> Meant...I used it on those intervals today
[16:07:24] <@wrbtrader> didn't get much out of it :(
[16:08:16] <tradermo> ok, i see it :)
[16:11:43] <@wrbtrader> Take care all and see all tomorrow
Session Close: Wed Jul 23 17:49:24 2014

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

##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 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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