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 Post subject: January 15th Friday - Futures, Forex, Stocks and ETFs
 Post Posted: Mon Jan 18, 2016 1:03 am 
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Joined: Tue Dec 16, 2008 1:02 am
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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, 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:
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click on the above image to view today's price action of key markets

Session Start: Fri Jan 15 09:26:14 2016
Session Ident: ##TheStrategyLab
[09:26:14] * Now talking in ##TheStrategyLab
[09:26:14] * 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'
[09:26:14] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:26:15] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:26:55] <Corner> Good morning all
[09:27:07] <platform115> good morning
[09:27:08] <Corner> Wow! -50 ES before the bell
[09:37:02] <platform115> Retail Inventory and Consumer Confidence due out at 10am too
[09:47:17] <patrader> Good morning all
[09:47:54] <patrader> Looks like I missed an eventful open
[09:48:07] <wrbtrader> YOu didn't miss anything
[09:48:25] <wrbtrader> Unless you're talking about the big overnight move down
[09:48:59] <patrader> Yeah that's what I meant
[09:49:27] <wrbtrader> That overnight movement was huge...scary for those holding overnight positions
[09:49:54] <wrbtrader> In fact, several brokers sent out "margin call" updates and "exchange halts" updates
[09:51:02] <platform115> ouch
[09:51:46] <patrader> Yeah I got one of those
[09:52:35] <wrbtrader> Yep, I got 3 of them from 3 different brokers...
[09:52:45] <wrbtrader> More fear into the markets today
[09:53:16] <Corner> wrbtrader - more fear -> more commission :-)
[09:53:32] <wrbtrader> last time that happen from multiple brokers...2008 - 2009 financial crisis and before that the dot.com bubble burst
[09:53:32] <platform115> Pretty surprised myself that CL dropped into the 29s
[09:55:27] <patrader> Pending KME @ 10 AM EST- U of M Consumer Sentiment
[09:57:11] <Corner> Short ES 1874.00
[09:58:21] <platform115> 1m
[09:58:21] <wrbtrader> Shorts Emini ES @ 1872.25 -> large size
[09:58:32] <wrbtrader> 20 contracts
[09:58:44] <wrbtrader> no trade signal...just trade experience
[10:01:10] <Corner> Exit ES 1870.50 +3.50
[10:01:24] <wrbtrader> Covered 1/2 Emini ES Short @ 1871.75 --> + 0.5
[10:01:36] <wrbtrader> Covered Remainder Emini ES Short @ 1872.00 --> + 0.25
[10:02:38] <Corner> Support area of WRB-HG 2min
[10:02:38] <wrbtrader> unreal...just stole my trail stop so easily :(
[10:03:09] <wrbtrader> Shorts Emini ES @ 1868.00 -> large size
[10:03:27] <wrbtrader> re-entry
[10:04:29] <wrbtrader> look out if this makes new regular session lows on volatility
[10:04:37] <wrbtrader> meant on "increasing volatility"
[10:05:18] <wrbtrader> Covered all Emini ES Short @ 1866.00 --> + 2
[10:05:25] <wrbtrader> :(
[10:06:06] <Corner> Short CL 29.64
[10:08:33] <Corner> Exit CL 29.67 -0.03 :-(
[10:09:15] <Corner> Short CL 29.64 re-entry
[10:12:51] <wrbtrader> Shorts Emini ES @ 1872.50 -> large size
[10:13:08] <wrbtrader> 10+10+5 contracts
[10:13:21] <wrbtrader> last 5 was added
[10:13:25] <Corner> Exit CL 29.62 +0.02
[10:13:37] <wrbtrader> re-entry
[10:13:59] <wrbtrader> trailing @ profit
[10:14:10] <wrbtrader> Hopefully I don't get pick pocketed again
[10:14:41] <wrbtrader> Emini ES futures should have made regular session lows by now :(
[10:16:32] <wrbtrader> Covered all Emini ES Short @ 1872.00 --> + 0.5
[10:17:12] <wrbtrader> Shorts Emini ES @ 1972.50 -> large size
[10:17:21] <wrbtrader> 30 contracts
[10:17:24] <wrbtrader> re-entry
[10:17:30] <wrbtrader> last try with size
[10:21:45] <wrbtrader> Covered all Emini ES Short @ 1874.50 --> + 98
[10:22:05] <wrbtrader> -2 points
[10:22:12] <wrbtrader> entry posted incorrectly
[10:29:14] <wrbtrader> Shorts Emini ES @ 1876.00 -> large size
[10:29:24] <wrbtrader> 20 contracts
[10:29:37] <wrbtrader> lowering position size
[10:31:29] <wrbtrader> Covered all Emini ES Short @ 1878.50 --> - 2.5
[10:31:39] <wrbtrader> snapback Up
[10:32:56] <wrbtrader> almost an intraday high after an Up WRB HG interval...first time today in the regular trading session
[10:33:01] <wrbtrader> still trying
[10:34:04] <wrbtrader> Shorts Emini ES @ 1880.00 -> large size
[10:34:25] <wrbtrader> re-entry
[10:36:27] <wrbtrader> Shorts Emini ES @ 1879.00 -> large size
[10:36:35] <wrbtrader> correction
[10:36:58] <wrbtrader> 1880 was an uposted trade that was breakeven
[10:39:13] <wrbtrader> volatility slowly increasing and speed of the price action increasing too
[10:39:36] <wrbtrader> Covered all Emini ES Short @ 1878.00 --> + 1
[10:40:08] <wrbtrader> Shorts Emini ES @ 1878.75 -> large size
[10:40:22] <wrbtrader> re-entry
[10:42:53] <wrbtrader> snapback Down
[10:48:04] <wrbtrader> WRB pt1 reached but its refusing to turn into a runner :(
[10:48:44] <wrbtrader> Covered all Emini ES Short @ 1876.25 --> + 2.5
[10:48:51] <wrbtrader> :(
[10:50:07] <wrbtrader> Long Emini ES @ 1877.00 -> large size
[10:50:23] <wrbtrader> 20 contracts
[10:51:41] <wrbtrader> Exited all Emini ES Long @ 1876.75 --> - 0.25
[10:53:01] <wrbtrader> Shorts Emini ES @ 1874.50 -> large size
[10:53:10] <wrbtrader> 20 contracts
[10:53:19] <wrbtrader> lowering position size after this trade
[10:54:04] <wrbtrader> overall range too tight on such a big market news day...
[10:54:19] <wrbtrader> As if the big overnight movement took all the juice out of the market
[10:55:47] <wrbtrader> I just got another alert about "trading halts"
[10:55:49] <wrbtrader> :)
[10:55:59] <wrbtrader> Its almost as if they want such to happen
[10:58:17] <wrbtrader> Now they are blaming the FED for raising rates so soon :)
[10:59:27] <wrbtrader> WRB pt1 reached
[11:00:35] <wrbtrader> Obama, FED, Asia, Europe but never the skittish investors fault
[11:01:19] <t4n> funny, just a week ago they were telling everyone not to panic
[11:01:27] <t4n> likely so they can exit first
[11:02:36] <wrbtrader> I blame them for not allowing this market to crash many years ago to prevent it from getting to these ridiculous high levels in the first place
[11:03:00] <wrbtrader> WRB pt2 reached
[11:03:40] <t4n> gotta pump it before you dump it
[11:08:43] <wrbtrader> Covered all Emini ES Short @ 1869.00 --> + 5.5
[11:09:29] <wrbtrader> that was not a WRB pt2 (my goal)
[11:09:34] <wrbtrader> it was a trail stop hit
[11:10:15] <Tigerman_____> hello all
[11:10:43] <Tigerman_____> obviously today was not a day to show up at this time to trade x me :)
[11:10:44] <wrbtrader> Shorts Emini ES @ 1868.00 -> large size
[11:10:56] <wrbtrader> 15 contracts
[11:11:00] <mtntrader__> Short ES 1968.50
[11:11:13] <wrbtrader> will be lowering position size again after this trade
[11:11:43] <wrbtrader> Emini ES futures just fighting too hard from making new regular session intraday lows
[11:12:07] <wrbtrader> maybe the pros don't want to see a trading halt if such occur on increased volatility
[11:12:52] <mtntrader__> That definitely could be the case. The big boys will keep it from crashing hard.
[11:13:29] <wrbtrader> Yep and they would want a "slow decline down" instead of a "fast decline down"...
[11:13:54] <wrbtrader> Slow decline allows them to let the algos do their dirty deeds
[11:15:07] <wrbtrader> Covered all Emini ES Short @ 1867.25 --> + 0.75
[11:16:05] <mtntrader__> Covered all 1968.50, scratch
[11:16:24] <mtntrader__> Look to reshort higher
[11:16:54] <wrbtrader> If this market drops several hundred more points over the next week...
[11:17:30] <wrbtrader> They will stop blaming China or Oil and will begin pointing the middle finger at the FED recent rate increase
[11:18:47] <mtntrader__> Short ES 1870.00
[11:22:50] <wrbtrader> Long Emini ES @ 1869.75 -> large size
[11:22:58] <wrbtrader> 10 contracts
[11:24:31] <wrbtrader> Exited all Emini ES Long @ 1868.50 --> - 1.25
[11:24:47] <wrbtrader> very elastic like price action...like a rubber band
[11:25:17] <wrbtrader> If volatility can show up...I'll start increasing position size again
[11:25:33] <wrbtrader> until then...I'm going to trade 5 to 10 contracts only
[11:26:55] <mtntrader__> Covered all 1870.00, scratch
[11:30:09] <Tigerman_____> important point here in e-minies
[11:30:30] <Tigerman_____> big fight to prevent going down
[11:30:49] <Tigerman_____> if bulls win I ll look x a long
[11:31:59] <Tigerman_____> considering ES is CME traded we can say Chicago Bulls lol :)
[11:32:20] <mtntrader__> Ha ha
[11:50:36] <mtntrader__> Short ES 1869.00
[11:54:53] <wrbtrader> Shorts Emini ES @ 1867.50 -> large size
[11:55:07] <wrbtrader> 10 contracts
[11:56:36] <wrbtrader> I think the markets is trying to catch us napping or on the toilet with this sneaking breakdown
[11:57:12] <mtntrader__> LOL
[11:58:12] <mtntrader__> Covered 1/3 at 1865.00, +3
[11:58:23] <wrbtrader> snapback Up :(
[11:58:26] <wrbtrader> unreal
[11:59:32] <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.
[11:59:56] <wrbtrader> Covered all Emini ES Short @ 1867.50 --> 0
[12:00:04] <mtntrader__> Correction, + 4 on first scale. Out balance at 1868.00, +1
[12:00:31] <wrbtrader> Shorts Emini ES @ 1867.25 -> large size
[12:00:40] <wrbtrader> 15 contracts
[12:00:45] <wrbtrader> increasing position size
[12:00:51] <wrbtrader> volatility slowly increasing
[12:01:19] <wrbtrader> Hopefully I'm not being fooled by that sudden speed in the price action
[12:03:18] <mtntrader__> Short 1865.50
[12:03:31] <wrbtrader> geeeesh
[12:11:30] <mtntrader__> Covered all at scratch
[12:11:31] <wrbtrader> Covered all Emini ES Short @ 1867.00 --> + 0.25
[12:12:08] <wrbtrader> csrazy
[12:13:57] <mtntrader__> Re-short 1865.5
[12:14:15] <wrbtrader> and just like that...its back down to where the volatility spike started :(
[12:16:28] <wrbtrader> Shorts Emini ES @ 1863.00 -> large size
[12:16:43] <wrbtrader> 10 contracts
[12:17:30] <wrbtrader> Its like every time he pushs down 3 - 4 points...this fast wave of buying occurs to take it back up
[12:18:03] <wrbtrader> Yet, back up only makes a lower high before rolling over southwaard again
[12:18:54] <Tigerman_____> sh es 1862.50
[12:19:35] <wrbtrader> Emini ES futures nearing its intraday lows that I've been chasing all day :(
[12:20:31] <wrbtrader> Its there...let the party begin
[12:22:20] <Tigerman_____> exit 2/3 es 1859.25 +13tk
[12:23:54] <mtntrader__> Covered all 1857.00, +8.5
[12:24:22] <mtntrader__> Patience definitely required today.
[12:28:04] <Tigerman_____> exit all 1/3 rem ES at 1854.50 +32 tks or 8 points
[12:28:37] <Tigerman_____> my best home run for a long time :)
[12:28:57] <Tigerman_____> only on small size
[12:29:13] <Tigerman_____> that is the time to load the boat
[12:29:51] <Tigerman_____> but scare show up I also want my trades before weekend be in profit
[12:37:35] <Tigerman_____> wow Iwm at 3 years ago level !!!
[12:38:09] <wrbtrader> Covered all Emini ES Short @ 1851.00 --> + 12
[12:38:50] <wrbtrader> too bad I didn't catch that +12 on 20 to 30 contracts when I was very aggressive earlier in the trading day
[12:39:31] <Tigerman_____> I think long term investor starts to think about their investment these days
[12:39:53] <wrbtrader> Those fast paced counter-thrusts prevented a slaughter so far
[12:40:06] <Tigerman_____> yeah wrbtrader.. this occurs to me often
[12:41:11] <Tigerman_____> I start on big med size (x my pocket :) ) then get some win... some loss then when price move fast and clear I use small size or not trade at all :(
[12:42:01] <Tigerman_____> simply mixed previous results and Fear to bad trades prevent me to catch the Big winner the save the day
[12:42:40] <Tigerman_____> simply mental play matters as you know
[12:43:22] <mtntrader__> I've heard that, Tigerman. ;-)
[13:48:13] <Tigerman_____> take care see next week have a safe weekend all
[14:11:37] <wrbtrader> Long Emini ES @ 1867.25 -> large size
[14:11:55] <wrbtrader> 10 contracts
[14:16:42] <wrbtrader> Exited all Emini ES Long @ 1866.75 --> - 0.5
[14:19:52] <wrbtrader> Long Emini ES @ 1866.50 -> large size
[14:19:59] <wrbtrader> re-entry
[14:21:40] <wrbtrader> Exited all Emini ES Long @ 1865.25 --> - 1.25
[14:25:51] <wrbtrader> Long Emini ES @ 1863.25 -> large size
[14:26:08] <wrbtrader> 15 contracts
[14:26:12] <wrbtrader> re-entry
[14:29:07] <wrbtrader> Exited all Emini ES Long @ 1863.25 --> 0
[14:30:07] <wrbtrader> WRB Analysis -> - Chat room for day traders, swing traders, position traders using concepts from WRB Analysis such as contracting volatility, key market event (KME), reaction high/low, WRB, WRB Hidden GAP, WRB Zone, WRB pt levels to help improve understanding of the price action their trading and/or improve the performance of their trade signal strategies while price action trading. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718 or http://www.scribd.com/wrbtrader
[14:30:29] <wrbtrader> Shorts Emini ES @ 1861.50 -> large size
[14:30:34] <wrbtrader> 25 contracts
[14:32:13] <Senge__> Short ES @ 1860
[14:34:19] <wrbtrader> Covered all Emini ES Short @ 1861.50 --> 0
[14:34:43] <wrbtrader> snapback uP
[14:35:29] <wrbtrader> I'm expecting a lot more volatility now going into the 3pm est trading session but its not showing up :(
[14:36:29] <wrbtrader> Shorts Emini ES @ 1860.50 -> large size
[14:36:38] <wrbtrader> 20 contracts
[14:36:41] <wrbtrader> re-entry
[14:37:02] <wrbtrader> :(
[14:40:08] <wrbtrader> Covered all Emini ES Short @ 1862.75 --> - 2.25
[14:41:24] <wrbtrader> Long Emini ES @ 1865.00 -> large size
[14:41:32] <wrbtrader> 20 contracts
[14:42:18] <Senge__> Exit ES @ 1867 -7 (SIM)
[14:42:30] <wrbtrader> I've tried recent Longs up and this price area and didn't get anything except for stress
[14:43:51] <winmax100> yes.....:-((
[14:44:28] <wrbtrader> Exited all Emini ES Long @ 1865.50 --> + 0.5
[14:44:49] <wrbtrader> 4th one that got chopped down quickly from up there
[14:49:04] <wrbtrader> Long Emini ES @ 1866.25 -> large size
[14:49:18] <wrbtrader> re-entry
[14:49:34] <wrbtrader> Its like they need the contracts before running it up
[14:51:21] <wrbtrader> Exited all Emini ES Long @ 1867.00 --> + 0.75
[14:52:39] <wrbtrader> notice how my entries are getting higher
[14:53:08] <wrbtrader> Long Emini ES @ 1867.50 -> large size
[14:53:18] <wrbtrader> 20 contracts
[14:53:59] <wrbtrader> volatility spike but so far this afternoon...they've retraced and taken me out for a loss except for one trade
[14:54:38] <t4n> very big gap
[14:55:00] <wrbtrader> That resistance area the Emini ES futures just broke above is not that far below considering it can move 2 - 3 points very quickly
[14:56:15] <wrbtrader> WRB pt1 reached
[14:56:32] <winmax100> you always amazes me ......how you manage this tough trades..... ;-))
[14:57:04] <t4n> his management is huge
[14:57:30] <wrbtrader> I take those losses and keep hammering at a particular direction especially if I see my Short re-entries getting lower or I see my Long re-entries getting higher
[14:58:20] <wrbtrader> That tells me I got the direction correction...just that my entries aren't good enough until I catch one that spikes quickly after entry
[14:59:11] <winmax100> ok.... :-))
[14:59:12] <wrbtrader> The goal is that one runner...its got to be bigger than all those losers combined
[14:59:44] <wrbtrader> WRB pt2 reached (goal of the trade)
[15:00:29] <wrbtrader> Exited all Emini ES Long @ 1876.00 --> + 8.5
[15:01:52] <winmax100> do you have a certain avg number of trades you do in this tough (barb wired) patteern? or you just keep doing it until pa finds the direction big eough to turn the table around?
[15:01:57] <wrbtrader> If Emini ES can fight its way to a new intraday high on the regular session charts...will be interesting to see if buyers start showing up in force
[15:02:20] <wrbtrader> winmax...usually I don't trade this crap.
[15:02:37] <wrbtrader> When you see me trading it...I'm just doing such out of greed
[15:03:36] <winmax100> ok.... i do know you starts moving only when volatility starts moving... :))
[15:03:42] <wrbtrader> I try hard to wait until after 2:30pm est to start my afternoon trading session but the unusual CONTEXT of the trading day had me seeing GREED for the day...trying to catch a big movement
[15:04:21] <winmax100> ok...understood...
[15:04:50] <wrbtrader> Yeah, I just keep hammering at it as long as it stays above a Up WRB HG interval for Longs or stays below a Down WRB HG interval for Shorts.
[15:05:22] <wrbtrader> Simply, if I see it drop below a Up WRB HG interval...
[15:05:42] <wrbtrader> I need to stop and think carefully about a Long position and start watching for Short opportunities
[15:06:15] <wrbtrader> right now we're still above recent Up WRB HG interval
[15:06:25] <winmax100> yes
[15:06:42] <wrbtrader> I'm still thinking Long positions until it retraces back below the recent Up WRB HG interval
[15:06:59] <winmax100> ok....
[15:07:09] <wrbtrader> That's why you'll see me doing something most traders are afraid to do...
[15:07:19] <wrbtrader> I will buy the highs or short the lows :)
[15:07:40] <winmax100> right....
[15:08:23] <wrbtrader> Just gotta be careful about those "algos snapbacks"
[15:08:37] <wrbtrader> We have not seen one for awhile
[15:08:40] <wrbtrader> Its due for one
[15:09:37] <winmax100> oh...yes.... but when they come.... do we have any options other than taking those as losses...to the minimal ....as minimal as possible.. i guess...
[15:09:40] <t4n> winmax are you an Al Brooks student?
[15:10:14] <wrbtrader> nothing can be done about those snapbacks except to make sure you have your stop in place
[15:10:25] <wrbtrader> those snapbacks are fast and big
[15:10:30] <winmax100> right....
[15:10:42] <wrbtrader> Its trying to do one now
[15:10:58] <t4n> broker below recent WRBHG
[15:17:28] <winmax100> wrbtrader... which time frame are you using now? may I ask? 2 or 3 minutes? because it is about snapback thing that hurts.... so i wonder how you manage using which time frame??
[15:17:55] <wrbtrader> I always use the same 15min, 5min, 3min, 2min and 1min
[15:18:13] <wrbtrader> Today I've had trades via the 5min, 3min, 2min and 1min charts
[15:18:36] <wrbtrader> I usually have at least one trade via the 15min chart but that has not happen today so far
[15:19:10] <winmax100> ok.... do you then treat the snapback management using the same time frame you use for trading
[15:19:34] <wrbtrader> No...
[15:20:00] <wrbtrader> right now I can only see the snapback on the 1min and 2min chart...
[15:20:32] <wrbtrader> Yet, on higher time frames...I only become suspicious of a snapback when I see the speed of a retracement in an interval
[15:20:49] <wrbtrader> The speed is a key aspect of the snapback
[15:21:16] <wrbtrader> You know when you see it...the price is just moving way to fast
[15:21:29] <wrbtrader> scary like fast
[15:21:30] <winmax100> righht... that much.... when it comes... there is nothing we can do...as you mentioned....
[15:23:02] <wrbtrader> we're now do for another snapback
[15:23:13] <winmax100> then surely know how to snap all stoplosses orders nearby.... so the only option for use is to widen the stoploss than avg?
[15:23:26] <wrbtrader> Maybe
[15:23:33] <wrbtrader> So far I haven't done that
[15:23:42] <winmax100> ok...
[15:23:44] <wrbtrader> My stop is always -4 automated on entry
[15:24:01] <wrbtrader> I immediately begin adjusting it after entry to get that stop smaller
[15:24:30] <winmax100> right.... you mean -4 points?
[15:24:47] <wrbtrader> Yes...-4 points...emergency auto stop
[15:24:49] <winmax100> certaily not 4 ticks on es... i believe
[15:24:57] <winmax100> right...
[15:25:06] <wrbtrader> Just in case I enter a trade when breaking news hits the markets
[15:25:21] <wrbtrader> I won't get hit with anything more than -4 points
[15:25:22] <t4n> its all management of the trade
[15:25:37] <wrbtrader> Its a number I determine I can bounce back from if hit
[15:26:04] <winmax100> yes....
[15:26:36] <wrbtrader> I've had it hit I think twice last year
[15:27:20] <winmax100> oh... ok...
[15:27:31] <wrbtrader> once due to my computer shutting down and another time it was hit due to a problem with my trading software...it froze.
[15:27:59] <winmax100> es -4 points then certaily a serious stoploss level...
[15:28:24] <wrbtrader> Lets put it this way...while its traveling to that -4 points...
[15:28:24] <winmax100> :-((
[15:28:50] <wrbtrader> Its enough time for me to determine I got the trade wrong and that I need to dump it before it hits that price
[15:29:01] <wrbtrader> I usually know its wrong around -2 points
[15:29:40] <wrbtrader> lately because of this fast movement...I'm not sure until -3 points
[15:29:44] <winmax100> yes...
[15:29:54] <winmax100> ok... understood...
[15:31:17] <winmax100> thanks for explaining...niah.... :-))
[15:31:45] <wrbtrader> Its wrbtrader
[15:32:24] <wrbtrader> nihaba ashi was my old Japanese candlestick and martial arts user name :)
[15:33:23] <winmax100> my apology.... wrbtrader... :-))
[15:33:48] <wrbtrader> I lived for a few months in Tokyo wth a girl and picked it up then :)
[15:33:54] <winmax100> you ...martial arts??
[15:34:08] <wrbtrader> A long time ago
[15:34:13] <winmax100> ok...
[15:34:53] <wrbtrader> blackbelt in Judo when I was 16 years old
[15:35:12] <winmax100> wow.... man!!!! my respect to you....
[15:35:35] <winmax100> your stern stance in trading must come from there..i guess...
[15:35:53] <winmax100> disciplined... I mean
[15:36:08] <wrbtrader> No...I'm from a military family. That's where the discipline comes from.
[15:36:41] <winmax100> oh...ok...
[15:37:42] <wrbtrader> We got a problem in Emini ES right now
[15:37:54] <winmax100> yes...
[15:37:57] <wrbtrader> Too much contraction going into the 4pm est rush hour traffic
[15:38:08] <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.
[15:38:25] <t4n> yes... contraction
[15:38:30] <wrbtrader> A lot of contraction.
[15:38:45] <wrbtrader> Yep but with a top and bottom to trade
[15:39:11] <mtntrader__> So, are you expecting a spike in volatility at the close?
[15:39:40] <wrbtrader> I always do but the 4pm est rush hour traffic is not what it use to be many years ago
[15:39:47] <wrbtrader> It use to be a money machine
[15:40:21] <wrbtrader> A sometimes would only trade between 3:45pm - 4:05pm est...it was like an ATM
[15:40:38] <wrbtrader> The 2008 - 2009 financial fiasco changed everything
[15:40:51] <wrbtrader> It killed that edge
[15:41:13] <wrbtrader> That's why you don't usually see me hang aroound for this time duration
[15:41:23] <wrbtrader> Today its unusual for me to be still here trading
[15:42:05] <winmax100> right...:-))
[15:42:12] <wrbtrader> I do that about 2 - 3 times per month now when in the past I use to do it almost every trading day
[15:42:57] <wrbtrader> That contraction in volatility in the Emini ES is about 4 points wide
[15:43:06] <wrbtrader> now below it
[15:45:40] <wrbtrader> back inside the range of that most recent contraction
[15:46:17] <wrbtrader> Hopefully we will not see Emini ES futures just bounce around in that range
[15:46:40] <winmax100> not much room seen now....
[15:52:38] <wrbtrader> Long Emini ES @ 1873.50 -> large size
[15:52:46] <wrbtrader> 10 contracts
[15:54:04] <t4n> tf trying so hard
[15:55:00] <wrbtrader> Exited all Emini ES Long @ 1872.00 --> - 1.5
[15:55:37] <wrbtrader> Emini ES dropped back inside the range of its most recent Up WRB HG interval
[15:55:53] <wrbtrader> R area @ 1872.00
[15:56:18] <wrbtrader> Long Emini ES @ 1872.00 -> large size
[15:56:24] <wrbtrader> re-entry
[15:56:54] <wrbtrader> I might get caught bouncing up an down here
[15:58:07] <wrbtrader> Exited all Emini ES Long @ 1871.00 --> - 1
[15:58:27] <wrbtrader> now approaching the S area
[15:58:53] <wrbtrader> @ 1869.25
[16:01:05] <wrbtrader> Long Emini ES @ 1875.00 -> large size
[16:01:18] <wrbtrader> re-entry
[16:02:53] <wrbtrader> where's that 2nd push
[16:02:59] <t4n> It took you a long time to reenter, is that because of the conjestion?
[16:02:59] <wrbtrader> There it is
[16:03:09] <t4n> the ugly action prior
[16:03:41] <wrbtrader> Yes...I didn't want a fill inside that range after two consecutive losses in that range
[16:04:01] <t4n> i see
[16:04:04] <wrbtrader> Thus, I set the order higher (outside) that range
[16:04:21] <t4n> tf was breaking out though, so i went for it
[16:04:29] <t4n> in tf that is
[16:05:01] <t4n> same thing, i had taken losses on prior attempts
[16:05:11] <wrbtrader> I need a 1876.25 to make these 3 recent trades worth it
[16:05:24] <wrbtrader> Ooops...its there now
[16:05:35] <wrbtrader> WRB pt1 reached
[16:06:38] <wrbtrader> Exited all Emini ES Long @ 1879.25 --> + 4.25
[16:06:40] <winmax100> ok... boy they were tough ones... wrbtrader...thanks for explaining them....
[16:07:05] <winmax100> you all have great a weekend...
[16:11:57] <wrbtrader> Take care all and have a nice weekend...Europe, China and Oil is open on Monday but not the U.S. stock market
[16:12:11] <wrbtrader> Could be a wild Monday
[16:12:19] <wrbtrader> Bye
[16:12:32] <t4n> seeya
[17:04:13] * Disconnected
Session Close: Fri Jan 15 17:04:13 2016

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

##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


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