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 Post subject: July 24th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Jul 25, 2015 6:27 am 
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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)
wrbanalysis@gmail.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.

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

##TheStrategyLab Archive Chat Logs

Attachment:
072415-Key-Price-Action-Markets.png
072415-Key-Price-Action-Markets.png [ 1.19 MiB | Viewed 446 times ]

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

Session Start: Fri Jul 24 09:28:54 2015
Session Ident: ##TheStrategyLab
[09:28:54] * Now talking in ##TheStrategyLab
[09:28:54] * Topic is 'Chat room for traders that are using concepts from WRB Analysis to help improve their entry signals, initial stop/loss management, profitable trail stops or profit targets. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... 119&t=718'
[09:28:54] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:28:54] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:37:04] <Tigerman___> gm all
[09:37:15] <Tigerman___> sell pressure before KMe
[09:37:16] <lightenup> gm
[09:37:25] <Tigerman___> just did some Spy short
[09:37:43] <Tigerman___> simply I reduce my risk before weekend
[09:39:06] <lightenup> KME 9:45 & 10:00 am
[09:49:47] <wrbtrader> Shorts Emini ES @ 2093.50 -> large size
[09:49:56] <wrbtrader> 10 contracts
[09:52:17] <wrbtrader> Covered all Emini ES Short @ 2094.25 --> - 0.75
[09:52:24] <lightenup> Sold tf 1239.90
[09:53:00] <lightenup> Flat TF 1239.80 +.1
[10:09:52] <wrbtrader> Long Emini ES @ 2094.75 -> large size
[10:10:05] <wrbtrader> 10 contracts
[10:10:15] <wrbtrader> high risk
[10:11:19] <wrbtrader> Exited all Emini ES Long @ 2094.00 --> - 0.75
[10:20:49] <wrbtrader> Emini NQ filled the GAP
[10:21:52] <wrbtrader> Shorts Emini ES @ 2090.00 -> large size
[10:22:19] <wrbtrader> 15 contracts
[10:22:36] <wrbtrader> increasing volatility but it doesn't look like it will last
[10:24:16] <Tigerman___> sh Spy 209.55
[10:25:10] <Tigerman___> exit 2/3 spy 51 +4t
[10:26:03] <wrbtrader> Covered 2/3 Emini ES Short @ 2089.00 --> + 1
[10:26:44] <wrbtrader> WRB pt1 reached @ 2089.00
[10:27:39] <Tigerman___> exit all rem 48 +6t
[10:27:46] <wrbtrader> Covered Remainder Emini ES Short @ 2089.50 --> + 0.5
[10:28:02] <Tigerman___> exited via fear price cannot continue down
[10:28:18] <Tigerman___> this time worked
[10:34:49] <wrbtrader> Shorts Emini ES @ 2087.50 -> large size
[10:35:02] <wrbtrader> 10 contracts
[10:36:51] <wrbtrader> Covered all Emini ES Short @ 2088.25 --> - 0.75
[10:38:22] <wrbtrader> Emini NQ a little above its most recent Down WRB HG interval...other Eminis are not
[10:38:53] <wrbtrader> This has been the constant tip that the Eminis are about to become NOT insync
[10:39:41] <wrbtrader> When that happens...I'm learning now to just follow Emini NQ considering it seems to be the culprit in this "not insync" type of price actions
[10:46:57] <Tigerman___> sh Spy 209.37
[10:48:27] <wrbtrader> Shorts Emini ES @ 2087.25 -> large size
[10:48:39] <Tigerman___> exit 2/3 32 +5t
[10:48:52] <wrbtrader> 10 contracts
[10:49:23] <Tigerman___> exit all rem 36 +1 t
[10:49:26] <wrbtrader> NQ fighting hard again to go back upwards :(
[10:49:28] <Tigerman___> trail pick up
[10:50:07] <wrbtrader> NQ back above that Down WRB Hidden GAP interval...
[10:50:20] <wrbtrader> Other Eminis still are not
[10:51:10] <wrbtrader> more range showing up
[10:51:50] <Tigerman___> iwm is in the middle between Spy and Nq
[10:52:11] <Tigerman___> nq wanna go up
[10:52:18] <Tigerman___> es wanna go down
[10:52:33] <Tigerman___> tf stay in the middle and watch :)
[10:52:45] <Tigerman___> me too :)
[10:53:03] <wrbtrader> More range showing up
[10:53:15] <wrbtrader> I think its official now...we're in a range price action
[10:54:32] <Tigerman___> at this point we need a break above 2090ES or down 2087 ES to shake things up waht you think wrbtrader?
[10:56:47] <Tigerman___> sh CL 48.10
[10:57:24] <Tigerman___> exit 48.04 +6t
[10:57:38] <Tigerman___> 2/3 exit
[10:57:47] <wrbtrader> Emini NQ still "slowly" pushing higher
[10:57:53] <TradeSnake______> Long GC @ 1081.1
[10:58:16] <wrbtrader> If it can rollover south just by a point...that should start a quick volatility pickup to the downside in the other Eminis
[10:58:50] <wrbtrader> Wow...someone heard me
[10:59:33] <Tigerman___> exit all rem 48.03 +7t
[10:59:41] <wrbtrader> WRB pt1 reached
[11:00:06] <Tigerman___> not CL future just CFD instrument
[11:02:13] <wrbtrader> Covered all Emini ES Short @ 2086.75 --> + 0.5
[11:02:17] <lightenup> short tf 1234.00
[11:02:37] <wrbtrader> snapback
[11:04:22] <Tigerman___> sh Eur EC 1.0972
[11:05:12] <lightenup> Flat tf 1235.00 -1.0
[11:05:30] <Tigerman___> exit 2//3 EC 69 +3t
[11:10:19] <Tigerman___> exit all rem 71 +1 t
[11:10:40] <Tigerman___> slow action in EC now
[11:11:16] <wrbtrader> Shorts Emini ES @ 2086.50 -> large size
[11:11:31] <wrbtrader> 10+5 contracts
[11:11:53] <wrbtrader> I'm trying adapting again today via my position size
[11:13:36] <wrbtrader> Covered 2/3 Emini ES Short @ 2086.00 --> + 0.5
[11:14:30] <wrbtrader> Emini NQ was insync with the other Eminis just prior to that little drop via all Eminis below the R area of their most recent Down WRB Hidden GAP interval
[11:16:53] <Tigerman___> sh spy 209.18
[11:17:58] <wrbtrader> Covered Remainder Emini ES Short @ 2086.50 --> 0
[11:18:04] <Tigerman___> exit all 22 -4t
[11:20:53] <Corner> Long ES 2087
[11:23:29] <TradeSnake______> Covered GC @ 1086.4 --> + 6.4
[11:30:37] <Corner> Exit ES 2088.25 +1.25
[11:43:27] <Tigerman___> take care all have a safe weekend see all next week
[11:53:40] <wrbtrader> Shorts Emini ES @ 2086.00 -> large size
[11:53:51] <wrbtrader> 10 contracts
[11:54:33] <wrbtrader> Covered all Emini ES Short @ 2086.50 --> - 0.5
[11:55:58] <wrbtrader> I've learned recently in this particular trading environment the past weeks is that these types of low volatility tight ranges can last va very long time beyond its average
[11:57:00] <wrbtrader> Shorts Emini ES @ 2085.50 -> large size
[11:57:11] <wrbtrader> 15 contracts
[12:00:50] <wrbtrader> Covered all Emini ES Short @ 2086.25 --> - 0.75
[12:04:15] <wrbtrader> Shorts Emini ES @ 2085.75 -> large size
[12:04:47] <wrbtrader> re-entry
[12:10:09] <wrbtrader> Covered all Emini ES Short @ 2085.50 --> + 0.25
[12:25:39] <wrbtrader> Shorts Emini ES @ 2084.25 -> large size
[12:26:14] <wrbtrader> snapback
[12:27:01] <wrbtrader> Its like the market knows when you get a great entry and it snapsback to kill that advantage
[12:27:04] <wrbtrader> :)
[12:28:24] <wrbtrader> The correlation problem right now is not Nasdaq...its the Russell
[12:29:07] <wrbtrader> but the Russell isn't as strong as the Nasdaq impact on the rest of the market
[12:34:24] <wrbtrader> Covered all Emini ES Short @ 2084.25 --> 0
[12:34:52] <wrbtrader> It started to snapback and I just dumped it
[12:39:54] <wrbtrader> Shorts Emini ES @ 2083.75 -> large size
[12:40:22] <wrbtrader> re-entry
[12:41:31] <wrbtrader> :(
[12:41:56] <wrbtrader> I've been Shorting this since the 2086.00 level and don't have anything to show for it :(
[12:42:25] <wrbtrader> Each time the price action moves my direction on volatility spike...
[12:42:29] <wrbtrader> It snapsback
[12:46:27] <wrbtrader> increasing volatility
[12:48:02] <wrbtrader> Covered all Emini ES Short @ 2082.00 --> + 1.75
[12:48:13] <wrbtrader> WRB pt1 reached
[12:55:22] <wrbtrader> SPY inside range of a big GAP on the hourly chart
[13:06:03] <wrbtrader> Shorts Emini ES @ 2081.50 -> large size
[13:09:12] <wrbtrader> Covered all Emini ES Short @ 2081.25 --> + 0.25
[13:15:01] <Corner> Weekly bearish engulfing bar ES Mini
[13:15:13] <wrbtrader> Shorts Emini ES @ 2079.75 -> large size
[13:15:22] <wrbtrader> 10 contracts
[13:15:40] <wrbtrader> late entry...had an entry problem
[13:15:51] <Corner> Feels like last phase of sell climax
[13:16:21] <wrbtrader> that 2080.50 looks really nice now as a Short entry :(
[13:17:12] <wrbtrader> trade was based on Emini TF price action
[13:20:08] <wrbtrader> Shorts Emini ES @ 2080.25 -> Add 10 contracts
[13:23:48] <wrbtrader> Covered 1/2 Emini ES Short @ 2080.50 --> - 0.25
[13:24:01] <wrbtrader> Covered Remainder Emini ES Short @ 2080.50 --> - 0.75
[13:40:24] <wrbtrader> Shorts Emini ES @ 2077.25 -> large size
[13:40:32] <wrbtrader> 20 contracts
[13:40:58] <wrbtrader> geeesh...take a step out of the house to talk to a neighbor just for a few minutes...price action plunges
[13:41:31] <wrbtrader> intuition trade
[13:42:57] <wrbtrader> Covered all Emini ES Short @ 2076.00 --> + 1.25
[13:43:42] <wrbtrader> I won't take another break for awhile especially with 2pm est approaching
[13:44:33] <wrbtrader> The news didn't seem that big but the market seems to be over-reacting
[13:45:07] <Corner> Gap on the daily chart filled ES
[13:45:45] <wrbtrader> Shorts Emini ES @ 2074.50 -> large size
[13:45:54] <wrbtrader> 10 contracts
[13:46:49] <Corner> ES long 2075
[13:47:08] <wrbtrader> Covered all Emini ES Short @ 2075.25 --> - 0.75
[13:47:40] <wrbtrader> You can blame it on the FED accident if that's really the cause...accidentally confidential economic progjections.
[13:48:20] <wrbtrader> The TV financial networks noted it but nobody acted as if it was a big deal around 1145am est
[13:49:04] <wrbtrader> I just basically ignored it myself...TV quickly went back to talking about "upcoming stock earnings"
[13:49:33] <Corner> Exit ES 2076.25 +1.25
[14:10:05] <lightenup> Short tf 124.50
[14:13:22] <lightenup> Flat TF 1273.70 +.8
[14:14:46] <wrbtrader> Shorts Emini ES @ 2074.25 -> large size
[14:14:55] <wrbtrader> increase size from 10 to 20
[14:15:31] <wrbtrader> all Eminis below the S area of the same recent Down WRB Hidden GAP interval
[14:15:43] <wrbtrader> Simply, they are insync
[14:15:45] <wrbtrader> for now
[14:19:11] <wrbtrader> Covered 1/2 Emini ES Short @ 2072.50 --> + 1.75
[14:19:34] <wrbtrader> not a WRB pt1
[14:20:05] <wrbtrader> I just needed to lock in some profits on that trade because of the prior trade (loss)
[14:20:36] <wrbtrader> WRB pt1 reached
[14:27:41] <wrbtrader> Covered Remainder Emini ES Short @ 2073.75 --> + 0.5
[14:28:30] <wrbtrader> Emini ES futures is back above the low of its most reaction reaction low of 1346pm est
[14:34:05] <wrbtrader> Shorts Emini ES @ 2073.00 -> large size
[14:34:16] <wrbtrader> re-entry
[14:39:06] <wrbtrader> Covered all Emini ES Short @ 2072.50 --> + 0.5
[14:39:14] <wrbtrader> :(
[14:45:25] <TradeSnake______> Nice to see the VIX climbing back up
[15:23:56] <lightenup> Short tf 1224.00
[15:31:15] <lightenup> Flat TF 1223.80 +.2
[15:33:11] <wrbtrader> Yeah, the VIX is up from the 11 area to the 14 price area
[15:33:24] <wrbtrader> That's enough movement to create a trend day
[15:34:18] <wrbtrader> A trend day that begin yesterday
[15:34:41] <wrbtrader> Thus, today is just "continuation" of what had started yesterday
[15:38:03] <wrbtrader> Out of all of my trading today that attempted to trade with the trend...only one counter-trend trade (Long position)
[15:38:40] <wrbtrader> Just my timing (some late entries) cost me (losing trades) on some Short positions
[15:39:39] <wrbtrader> Shorts Emini ES @ 2071.25 -> large size
[15:39:53] <wrbtrader> correction
[15:40:36] <wrbtrader> Shorts Emini ES @ 2071.50 -> medium size
[15:41:23] <wrbtrader> I have a trail ready for 2017.25 if price action reaches 2070.00
[15:41:33] <wrbtrader> meant ready for 2071.25
[15:42:53] <wrbtrader> Covered all Emini ES Short @ 2072.00 --> - 0.5
[15:43:51] <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.
[15:56:44] <wrbtrader> Shorts Emini ES @ 2073.50 -> large size
[15:56:53] <wrbtrader> re-entry
[15:58:31] <wrbtrader> Covered all Emini ES Short @ 2073.25 --> + 0.25
[15:59:24] <wrbtrader> Shorts Emini ES @ 2073.75 -> large size
[15:59:36] <wrbtrader> re-entry
[16:00:08] <wrbtrader> Covered all Emini ES Short @ 2074.75 --> - 1
[16:02:05] <wrbtrader> Shorts Emini ES @ 2075.75 -> large size
[16:02:16] <wrbtrader> re-entry
[16:03:35] <wrbtrader> prior trade was not a stop out...trail was @ the reaction high of 1522pm est @ 2076.25
[16:03:59] <wrbtrader> price was looking good after entry and starting looking like a snapback
[16:04:31] <wrbtrader> Covered all Emini ES Short @ 2075.25 --> + 0.5
[16:08:01] <wrbtrader> Take care all and have a nice weekend
[16:08:17] <lightenup> Same to You
[20:33:58] * Disconnected
Session Close: Fri Jul 24 20:33:59 2015

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

##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, Usd/Cad, Xau/Usd and Xag/Usd

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
wrbanalysis@gmail.com
Go Back To TheStrategyLab.com Homepage


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