##TheStrategyLab Price Action Chat Room Logs

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.


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


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

Session Start: Tue Jul 22 09:25:18 2014
Session Ident: ##TheStrategyLab
[09:25:18] * Now talking in ##TheStrategyLab
[09:25:18] * 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'
[09:25:18] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:25:18] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:25] <wrbtrader> Good morning all
[09:30:51] <TradeSnake_> Good Morning!
[09:30:51] <Cayden> Good Morning-
[09:32:11] <tradermo> short iwm 114.22
[09:33:57] <tradermo> exit all iwm 114.56
[09:34:11] <tradermo> fast snapback
[09:34:44] <wrbtrader> Long Emini TF @ 1149.90 -> large size
[09:36:47] <wrbtrader> Long Emini TF @ 1150.70 -> Add
[09:39:17] <wrbtrader> Exited Emini TF Long @ 1151.10 --> + 1.6
[09:39:46] <wrbtrader> +0.4 (not +1.6)
[09:39:54] <wrbtrader> Holding 10 contract remainders of the initial entry
[09:40:58] <wrbtrader> Exited Remainder Emini TF Long @ 1150.30 --> + 0.4
[09:41:50] <wrbtrader> volatility dried up fast
[09:42:19] <wrbtrader> starting to feel like yesterday morning just before the jumpy price action showed up
[09:43:55] <Cayden> 1972.75 looks like a good place for support on ES- 3942 looks the same on NQ
[09:44:11] <tradermo> long iwm 114.40
[09:45:13] <Cayden> YM and TF blew through that area however- looking at the 8:30 candles from a 2 minute chart
[09:46:42] <wrbtrader> Emini ES futures inside of its regular session GAP
[09:47:12] <wrbtrader> same with the other Emini futures
[09:47:32] <wrbtrader> Long Emini TF @ 1149.80
[09:48:03] <wrbtrader> 10+2 contracts
[09:48:21] <tradermo> stop to breakeven on iwm 114.40
[09:48:22] <wrbtrader> volatility trying hard to increase
[09:48:35] <wrbtrader> It did this before and then quickly disappeared
[09:48:37] <tradermo> tf crazy today
[09:49:59] <Cayden> ES trying to get and stay above open-
[09:50:19] <Cayden> getting a little frisky here
[09:50:28] <wrbtrader> Exited 1/3 Emini TF Long @ 1153.00 --> + 3.2
[09:51:09] <Cayden> frisky = volitility ...not like I'm frisky or anything.
[09:51:49] <wrbtrader> starting to get a little jumpy
[09:52:06] <Cayden> yep- and i'm leaning bullish
[09:52:25] <wrbtrader> KME today @ 1000am est
[09:52:28] <Cayden> they all at top of range
[09:52:41] <Cayden> copy that- thanks-
[09:52:58] <wrbtrader> Its a big one because it was talked about a lot last Friday and yesterday
[09:53:10] <Cayden> homes?
[09:53:16] <wrbtrader> Yep
[09:53:24] <Cayden> copy
[09:53:28] <wrbtrader> trailing @ profit
[09:53:56] <Cayden> nice work
[09:54:11] <wrbtrader> Exited 1/3 Emini TF Long @ 1152.40 --> + 2.6
[09:54:23] <wrbtrader> Exited Remainder Emini TF Long @ 1162.30 --> + 12.5
[09:54:29] <wrbtrader> correctino
[09:54:41] <wrbtrader> Exited Remainder Emini TF Long @ 1152.30 --> + 2.5
[09:55:00] <wrbtrader> I just got picked pocketed as soon as I tighten that trail stop
[09:59:45] <wrbtrader> Short Emini ES futures @ 1975.75 large size 20 contracts
[10:00:45] <tradermo> exit half iwm 114.84
[10:01:04] <wrbtrader> Cover Emini ES futures @ 1976.75 -1.00
[10:01:13] <tradermo> exit rem iwm 114.92
[10:06:13] <wrbtrader> Long Emini ES futures @ 1977.75 large size 20 contracts
[10:06:41] <wrbtrader> volatility spike through
[10:08:16] <wrbtrader> Long Emini TF @ 1155.00 -> medium size
[10:08:27] <wrbtrader> 4 contracts
[10:10:10] <wrbtrader> Exited all Emini TF Long @ 1155.50 --> + 0.5
[10:10:39] <wrbtrader> Exit Emini ES futures @ 1978.75 +1.00
[10:10:57] <wrbtrader> not enough volatility to push this higher
[10:11:47] <wrbtrader> Long Emini TF @ 1155.30 -> medium size
[10:11:52] <wrbtrader> 4 contracts
[10:11:55] <wrbtrader> re-entry
[10:12:04] <Cayden> markets afraid of heights
[10:12:53] <wrbtrader> WRB pt1 (shallow) reached
[10:13:06] <wrbtrader> Exited all Emini TF Long @ 1155.80 --> + 0.5
[10:13:10] <Cayden> markets all in sync on the 10 KME though
[10:14:20] <wrbtrader> Short Emini ES futures @ 1978.25 large size 20 contracts
[10:14:46] <wrbtrader> first signs of weakness after a stall
[10:14:54] <wrbtrader> intuition
[10:15:41] <Cayden> ES looks like the best for that intuition-
[10:16:42] <wrbtrader> Emini TF holding up so far while Emini ES is struggling a little
[10:16:48] <wrbtrader> trail tighten
[10:17:51] <wrbtrader> Cover Emini ES futures @ 1978.00 +0.25
[10:18:04] <wrbtrader> just a churn
[10:18:24] <Cayden> CV...looks like more CV
[10:20:16] <wrbtrader> The KME @ 1000am est produced very little reaction after being hyped for a few days
[10:20:18] <wrbtrader> geeeesh
[10:20:43] <wrbtrader> It's the only reason I came out of the gate today with some size in Emini TF futures...
[10:20:55] <wrbtrader> I thought there would be enough volatility today to be aggressive
[10:21:06] <wrbtrader> so far I'm wrong about the volatility
[10:21:15] <wrbtrader> It's too low
[10:21:50] <Cayden> FYI- 10 KME was positive- perhaps we are seeing a short period of profit taking...something like that
[10:23:25] <Cayden> 10 support broke on ES only- all others support still in tact- 2 minute chart
[10:25:24] <wrbtrader> intervals getting smaller and in a very tight trading range for the Emini futures
[10:26:00] <wrbtrader> Seems like Gold GC futures was the play of the morning so far.
[10:26:19] <wrbtrader> It had decent volatility until around 1012am est
[10:26:35] <wrbtrader> It's been range bound on low volatility since 1012am est
[10:27:16] <tradermo> short es 1978
[10:28:09] <tradermo> tight stop at 1979.25
[10:30:49] <wrbtrader> Long Emini TF @ 1156.10 -> small size
[10:30:57] <wrbtrader> 3 contracts
[10:32:28] <TradeSnake_> I did manage to catch that GC trade. Entry @ 1313.1 and very lucky exit right @ 1304.1 for +900
[10:33:22] <tradermo> exit all es 1978
[10:33:30] <tradermo> not working as expected
[10:40:25] <wrbtrader> Exited all Emini TF Long @ 1144.00 --> - 12.1
[10:40:36] <wrbtrader> correction
[10:40:48] <wrbtrader> Exited all Emini TF Long @ 1154.00 --> - 2.1
[10:42:27] <wrbtrader> Long Emini TF @ 1153.90 -> small size
[10:42:39] <wrbtrader> 3 contracts
[10:42:43] <wrbtrader> re-entry
[10:44:01] <wrbtrader> Lately (since Friday) there seems to be LESS size in Emini TF futures...
[10:44:23] <wrbtrader> Price action seems very content to move through levels via 1 - 2 contracts
[10:45:01] <Cayden> close to the bottom support area of 10 KME- i think the TF is the only one still with that zone- and I'm looking at the 1 minute charts now. I have 1153.5 as suppoert.
[10:45:40] <wrbtrader> Exited all Emini TF Long @ 1154.10 --> + 0.2
[10:47:05] <Cayden> got some things to do- catch u Katz L8tr
[10:48:25] <wrbtrader> Long Emini TF @ 1154.30 -> medium size
[10:48:39] <wrbtrader> 1+2+1 contracts intuition
[10:52:09] <wrbtrader> Exited all Emini TF Long @ 1154.70 --> + 0.4
[10:54:27] <robbin_banks> short es @1978.50 5 contracts
[11:05:11] <robbin_banks> cover es short 1997.75 -1.25
[11:06:12] <robbin_banks> correction 1979.75
[11:44:14] <robbin_banks> short ym @17055 5contracts
[11:54:15] <robbin_banks> exit al ym @17054 +1 tick...take care all
[12:58:01] <tradermo> long iwm 115.02
[13:01:18] <tradermo> small guys selling here, taking opposite side
[13:15:54] <TradeSnake_> Short GC @ 1307.1
[13:16:37] <tradermo> stop to breakeven on iwm 115.02
[13:32:08] <tradermo> exit all iwm 115.02
[13:45:38] <tradermo> long ym 17053
[13:46:32] <tradermo> stop at 17033
[13:58:30] <@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.
[13:58:35] <@wrbtrader> I just got back
[13:59:14] <@wrbtrader> Not much has happen since my last trade
[13:59:53] <@wrbtrader> Its a low volatility tight trading range between 1154.00 - 1157.00
[14:00:53] <@wrbtrader> In reference to Emini TF futures
[14:01:38] <tradermo> stop to breakeven 17053
[14:05:17] <tradermo> ym not moving as expected hence tight stop
[14:10:45] <tradermo> ym a bit low for my taste but will keep it running
[14:11:12] <@wrbtrader> Shorts Emini TF @ 1155.20 -> small size
[14:11:22] <@wrbtrader> 2 contracts
[14:17:16] <@wrbtrader> Covered all Emini TF Short @ 1154.70 --> + 0.5
[14:17:18] <@wrbtrader> WRB pt1 (shallow) reached
[14:19:38] <tradermo> ym against tf - who will win
[14:38:24] <tradermo> exit all ym 17053
[14:38:42] <tradermo> all eminis conspiring against ym
[14:42:33] <tradermo> long ym 17052
[14:42:39] <tradermo> reentry
[14:43:27] <@wrbtrader> Shorts Emini TF @ 1152.30 -> medium size
[14:43:38] <@wrbtrader> 4 contracts
[14:43:46] <tradermo> stop at 17029
[14:45:04] <@wrbtrader> Covered 3/4 Emini TF Short @ 1149.20 --> + 3.1
[14:45:21] <@wrbtrader> WRB Hidden GAP pt1 reached
[14:47:24] <@wrbtrader> This selloff looks related to the FAA banning of U.S.-Israel flights after a rocket hit nearby one of the airports
[14:48:12] <tradermo> took a while till market realized that this might be bad news
[14:52:19] <TradeSnake_> Flat on CG short @ 1307.0 +0.1
[14:53:15] <@wrbtrader> Very little movement out of Oil CL futures and Gold GC futures but their heavy hitters have already gone home (regular session close)
[14:55:19] <@wrbtrader> Covered Remainder Emini TF Short @ 1150.30 --> + 2
[14:55:26] <tradermo> if this mini-selloff can be reversed it could get really interesting
[15:04:56] <TradeSnake_> Short YM @ 17050
[15:09:22] <@wrbtrader> Dollar Advances to 8-Month High Versus Euro on Fed, ECB (bloomberg) @ http://www.bloomberg.com/news/2014-07-2 ... -data.html
[15:26:14] <tradermo> exit all ym 17056
[15:26:38] <tradermo> good bounce, but tf still a bit weak
[15:38:44] <TradeSnake_> Flat YM @ 17057 -7
[15:38:53] <@wrbtrader> Take care all and see all tomorrow
Session Close: Tue Jul 22 17:32:34 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:

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)
Skype Messenger: kebec2002
intradaystrategies@yahoo.com
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage