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 Post subject: November 19th Thursday - Futures, Forex, Stocks and ETFs
 Post Posted: Sat Nov 21, 2015 9:21 am 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2255
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:
111915-Key-Price-Action-Markets.png
111915-Key-Price-Action-Markets.png [ 1.25 MiB | Viewed 34 times ]

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

Session Start: Thu Nov 19 08:57:13 2015
Session Ident: ##TheStrategyLab
[08:57:13] * Now talking in ##TheStrategyLab
[08:57:13] * 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'
[08:57:13] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[08:57:14] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:01:49] <Corner> Exit DAX 11076.5 +10.0
[09:15:13] <Corner> Looking to re-enter but fear the turbulence of US opening
[09:15:21] <kadtje> gm all
[09:17:47] <Corner> Good morning all
[09:26:51] <Tigerman_> gm all
[09:33:59] <kadtje> gm Tigerman
[09:34:25] <Tigerman_> hi kadtje
[09:51:16] <Corner> Long ES 2083.00
[09:57:15] <Corner> Exit ES 2082.50 -0.50
[10:09:20] <wrbtrader> Long Emini ES @ 2081.25 -> large size
[10:09:32] <wrbtrader> 10 contracts
[10:14:08] <wrbtrader> Exited all Emini ES Long @ 2082.00 --> + 0.75
[10:18:25] <kadtje> Long Emini NQ @ 4651.25
[10:18:54] <wrbtrader> Emini ES trying hard to push below the S area of an unfilled Up WRB Hidden GAP interval 1min charts
[10:19:13] <kadtje> Exited all Emini NQ Long @ 4653.25 --> + 2
[10:22:37] <wrbtrader> Shorts Emini ES @ 2078.50 -> large size
[10:22:55] <wrbtrader> 10 contracts
[10:24:55] <kadtje> do you still use a hard stop mark
[10:25:15] <wrbtrader> Always do
[10:25:23] <kadtje> k
[10:28:14] <wrbtrader> Covered all Emini ES Short @ 2078.75 --> - 0.25
[10:28:42] <wrbtrader> volatility contracted too much but it did try to spike down
[10:29:34] <kadtje> in history in think your stops where very tight now is see you give it some space ...is that correct?
[10:29:53] <wrbtrader> No
[10:30:01] <kadtje> hihi
[10:30:10] <wrbtrader> My first stop is auto entry at -4 points
[10:30:27] <wrbtrader> Its explained in my daily routine post
[10:30:56] <wrbtrader> Then soon after entry...I begin tightning that stop accordingly to the WRB Analysis
[10:32:02] <kadtje> ok ...thnx
[10:32:37] <wrbtrader> I'm able to exit 87% of my trades PRIOR to a stop being hit
[10:32:51] <wrbtrader> regardless if I exit at a profit or loss
[10:33:31] <wrbtrader> Simply, I try very hard to exit a trade prior to a stop being hit
[10:35:30] <kadtje> yep indd
[10:42:18] <wrbtrader> A lot of conflict in the price action between the all session chart versus the regular session chart
[10:42:38] <wrbtrader> Reason why I'm not willing to push my position size above 10 contractes
[10:42:49] <kadtje> but i see entries dat lost 2 es point en the exit is 0. ??? so what you mean is to look at the market what you gen get and is you see someting else get out ??
[10:43:20] <wrbtrader> That's WRB Analysis
[10:43:36] <wrbtrader> Your profits will not be the same and your exits will not be the same
[10:43:36] <kadtje> ok thnx
[10:43:49] <kadtje> indd
[10:43:56] <wrbtrader> Price action will not be the same after you enter the trade
[10:44:00] <kadtje> as always
[10:44:36] <wrbtrader> If price action sucks and you're sitting on a +0.50 profit...
[10:44:37] <wrbtrader> Take it
[10:45:03] <wrbtrader> especially if its at a WRB pt1
[10:45:38] <wrbtrader> If price action is still good and you're sitting on a +2.00 profit but you still have not reached a WRB pt1...
[10:45:41] <wrbtrader> Stay in the trade
[10:46:15] <Senge_> "good price action" = good volatility?
[10:46:22] <wrbtrader> Simply, if you're using some kind of fixed risk:reward method...
[10:46:23] <kadtje> i am very happy to be back here....thnx mark
[10:46:27] <wrbtrader> You're not using WRB Analysis
[10:47:05] <Tigerman_> yeah agreed understanding volatility is very important
[10:47:17] <wrbtrader> good price action = good volatility without the chop
[10:47:58] <Tigerman_> issue is recognize faster price action is not good anymore vs some seconds before
[10:48:48] <wrbtrader> Take a look at the 5min and 15min chart...
[10:49:07] <wrbtrader> Eminis very contracted...trying very hard to go range bound
[10:49:24] <Tigerman_> simply recognize volatility changes and adapt fast to hit is hard ,needs lot of screen time
[10:51:22] <Senge_> To assess volatility, you watch the candles only? You don't use volume or anything else?
[11:00:29] <wrbtrader> I've never used volume
[11:00:51] <wrbtrader> I just watch the intervals (bar charts or candlestick charts)
[11:01:06] <wrbtrader> Its simple...
[11:01:19] <wrbtrader> If the intervals get smaller...volatility is contracting
[11:01:37] <wrbtrader> If the intervals get larger...volatility is expanding
[11:01:42] <Senge_> Thank you.
[11:02:01] <Senge_> Do watch different time frames or mostly just 1 min.?
[11:02:16] <wrbtrader> Senge...its ALL explained in the daily routine message post
[11:02:29] <wrbtrader> Its there so that I don't have to discuss it in here
[11:02:33] <Senge_> Thank you.
[11:03:40] <Senge_> I'm going through the material, but I like interactive learning. :)
[11:11:42] <wrbtrader> ok
[11:12:23] <wrbtrader> So far today...Emini TF has been the better trade in comparison to Emini ES
[11:12:40] <kadtje> yep
[11:14:59] <kadtje> nq and ym some res here but ....it seems like to go up....lets see
[11:21:28] <kadtje> Shorts Emini NQ @ 4663.50
[11:22:28] <kadtje> Covered all Emini NQ Short @ 4661.50 --> + 2
[11:25:33] <BobC__> WRB, I have noticed that the center of the 15M WRB candles is very important.... do you watch that at all???
[11:25:41] <kadtje> Long Emini NQ @ 4663.00
[11:27:44] <wrbtrader> not sure what you meant by the "center"
[11:27:57] <wrbtrader> Is that like saying the "mid-point" ?
[11:28:08] <BobC__> High -Low...ye mid point
[11:28:27] <wrbtrader> Yeah, I watch that
[11:28:31] <kadtje> Exited all Emini NQ Long @ 4665.75 --> + 2.75
[11:29:13] <BobC__> GJ kadje
[11:29:38] <kadtje> tx bobc
[11:36:03] <wrbtrader> Forex EurUsd and GbpUsd are best moving price actions of the key markets...Gold GC futures in there too
[11:48:15] <wrbtrader> volatility dried up...too bad
[11:53:17] <Senge_> Volatility returning
[11:56:03] <wrbtrader> Shorts Emini ES @ 2075.50 -> small size
[11:56:34] <wrbtrader> 5 contracts
[11:58:53] <wrbtrader> Covered all Emini ES Short @ 2077.00 --> - 1.5
[12:18:10] <Tigerman_> slow action
[12:18:15] <Tigerman_> take care all
[12:18:41] <Senge_> Lunch time
[12:32:08] <winmax100> long es@2077.75
[12:33:44] <Senge_> Long ES@ 78.50
[12:36:21] <Senge_> Resistance at opening price here.
[12:37:00] <Senge_> Exit all ES @ 78.75 --> = .25
[12:39:39] <winmax100> exit @2079 +1.25
[13:06:49] <Senge_> Long ES @ 82.25
[13:31:42] <Senge_> Exit all ES @ 81.75 --> - .5
[13:37:53] <wrbtrader> Shorts Emini ES @ 2080.25 -> large size
[13:38:04] <wrbtrader> 10 contracts
[13:38:51] <kadtje> Long Emini NQ @ 4667.50
[13:40:35] <kadtje> Exited all Emini NQ Long @ 4669.25 --> + 1.75
[13:47:02] <wrbtrader> Covered all Emini ES Short @ 2082.25 --> - 2
[13:51:46] <wrbtrader> Shorts Emini ES @ 2080.50 -> large size
[13:52:02] <wrbtrader> 10+5 contracts
[13:52:06] <wrbtrader> re-entry
[13:56:59] <kadtje> Shorts Emini NQ @ 4669.00
[13:57:56] <winmax100> short es@2080.50
[13:59:12] <kadtje> Covered all Emini NQ Short @ 4667.00 --> + 2
[14:03:26] <wrbtrader> :(
[14:03:29] <wrbtrader> geeesh
[14:03:52] <kadtje> Long Emini NQ @ 4666.25
[14:04:57] <kadtje> Exited all Emini NQ Long @ 4664.25 --> - 2
[14:05:24] <winmax100> exit @2078.25 +2.25
[14:05:39] <wrbtrader> Covered all Emini ES Short @ 2078.25 --> + 2.25
[14:05:48] <wrbtrader> WRB pt1 reached
[14:10:14] <kadtje> Shorts Emini NQ @ 4664.00
[14:12:10] <wrbtrader> Range bound trading day on low volatility
[14:12:17] <wrbtrader> Very tough to trade
[14:12:38] <wrbtrader> Only thing you can do is recognize it as it occurs and not in hindsight to make adjustments
[14:14:23] <mtntrader__> Short ES 2078.00
[14:14:24] <kadtje> Covered all Emini NQ Short @ 4661.00 --> + 3
[14:16:34] <kadtje> Long Emini NQ @ 4659.50
[14:18:44] <kadtje> Exited all Emini NQ Long @ 4652.50 --> - 7
[14:19:10] <kadtje> corection
[14:20:07] <kadtje> Long Emini NQ @ 4659.50
[14:21:16] <kadtje> Exited all Emini NQ Long @ 4662.50 --> + 3
[14:22:51] <BobC___> GJ Kadtje....
[14:23:05] <BobC___> I am heading out..... have a great evening
[14:23:10] <wrbtrader> Bye
[14:30:15] <wrbtrader> If today closes the way it is...as rangebound...
[14:30:49] <wrbtrader> I will be expecting tomorrow (Friday) to be a barn burner as in producing at least one strong directional movement or a trend day
[14:31:26] <wrbtrader> Simply, if today stays as a range day...I will open the trading day pushing 20 - 30 contracts the first few trades in trying to catch some volatility
[14:33:11] <mtntrader__> Exited all ES at 2079.00, -1.00
[14:33:46] <Senge_> Long ES @ 79.5
[14:34:25] <mtntrader__> Short ES 2079.50, re-entry
[14:37:57] <Senge_> Exit all ES @ 77.5 --> -2
[14:40:02] <wrbtrader> As soon as I say to myself its going to move now...nothing happens. It stays rangebound
[14:40:47] <Corner> wrbtrader - this also works the other way around :-)
[14:41:54] <wrbtrader> Yep...I had a crazy year in 2012 about that
[14:42:15] <wrbtrader> I would call it quits many trading days because of this type of range bound price action...
[14:42:39] <wrbtrader> Within 30 minutes after I left...a big price movement would show up
[14:43:04] <wrbtrader> Someone in here watched such and maintained some stats...
[14:43:22] <wrbtrader> He said it happen +70% of the time after I left
[14:43:45] <wrbtrader> It was a very frustrating year for me...
[14:43:53] <wrbtrader> Made me paranoid like someone was watching me
[14:45:24] <Corner> I send alerts to my phone, when wrbs show up...
[14:46:58] <Corner> There's an additional effect:
[14:47:05] <wrbtrader> Mobile trading is here today...
[14:47:21] <Corner> Every trade you missed lookes easy
[14:47:22] <wrbtrader> Soon I'm going to experiment with such
[14:48:19] <mtntrader__> Corner, how do you do the mobile alerts?
[14:48:25] <wrbtrader> I'm calling it quits early today...not because of the price action...
[14:48:53] <wrbtrader> I got parent/teacher meetings this afternoon for the kids. Report card grades day.
[14:49:00] <wrbtrader> Take care all and see all tomorrow
[14:49:09] <mtntrader__> Take care
[14:49:15] <Corner> Take care.
[14:50:53] <Corner> mtntrader - Own software linked to TWS, sends emails to emails to googlemail, which has push notification on ihone
[14:51:43] <mtntrader__> I am not familiar with TWS
[14:52:15] <Corner> TWS - Trading platform of Interactive Brokers, offers API
[14:52:52] <mtntrader__> So do you have an indicator that detects WRBs?
[14:53:42] <Corner> yes
[14:57:39] <mtntrader__> That's pretty cool. Now you just need one that detects HGs. ;-)
[15:01:56] <kadtje> sit on my hands here
[15:03:54] <kadtje> markets not in synic imo
[15:09:33] <mtntrader__> The indicies are trying break out of this range. Could get some decent volatility of that happens.
[15:11:18] <kadtje> Shorts Emini NQ @ 4654.25
[15:11:40] <kadtje> brr
[15:16:49] <kadtje> Covered all Emini NQ Short @ 4654.25 --> 0
[15:18:58] <kadtje> Long Emini NQ @ 4657.00
[15:22:50] <mtntrader__> Short NQ 4656.50
[15:23:34] <kadtje> Exited all Emini NQ Long @ 4658.75 --> + 1.75
[15:24:53] <mtntrader__> Out NQ 58.50, -2.00
[15:38:50] <mtntrader__> Short TF 1163.9
[15:40:34] <kadtje> gn all
[15:48:56] <mtntrader__> Out TF 1164.6, - 7 ticks
[16:06:30] <mtntrader__> Closed ES +1.00 pt
[18:44:33] * Disconnected
Session Close: Thu Nov 19 18:44:33 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 Qu├ębec, 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


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