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@ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164 ##TheStrategyLab Archive Chat Logs click on the above image to view today's price action of key markets Session Start: Mon Mar 14 09:27:56 2016
Session Ident: ##TheStrategyLab
[09:27:56] * Now talking in ##TheStrategyLab
[09:27:56] * 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'[09:27:56] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:27:56] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:40:04] <Sharif___> short es @ 2008
[09:47:46] <wrbtrader> Shorts Emini ES @ 2005.50 -> large size
[09:47:57] <wrbtrader> 10 + 10 contracts
[09:49:49] <Sharif___> target reached, exit @ 2005 --> +3
[09:54:57] <wrbtrader> Covered all Emini ES Short @ 2003.50 --> + 2
[09:55:18] <wrbtrader> WRB pt1 reached and almost a WRB pt2
[09:58:46] <efloortrader7> Bonds stalling after filling in WRBHG off 1min left from Friday's drop
[09:59:28] <wrbtrader> Shorts Emini ES @ 2003.25 -> large size
[09:59:42] <wrbtrader> 10 contracts
[09:59:47] <wrbtrader> intuition trade
[10:00:35] <wrbtrader> I haven't done too well in my intuition trades the past month
[10:01:06] <wrbtrader> mostly due to trade management problem in not protecting the trade after it starts going my way
[10:03:12] <mtntrader___> Do you keep stats on your intuition trades? Seems to me that you used to kill it with those.
[10:03:12] <wrbtrader> Covered all Emini ES Short @ 2003.25 --> 0
[10:06:34] <wrbtrader> Yes, I keep stats...about 12 years worth
[10:07:14] <efloortrader7> That's a lot of data :-)
[10:08:06] <wrbtrader> Yeah but I really don't have time to review those stats nor keep any info like weekly, monthly or yearly summaries
[10:08:16] <wrbtrader> Just raw data not compiled
[10:09:11] <mtntrader___> Well, your intuition seems to be right a remarkable percentage of the time.
[10:09:31] <efloortrader7> Short ZB 61-20 1 lot
[10:10:09] <wrbtrader> Meant I did compiled data once for a year several years back...I was around 78% on my intuition trades
[10:10:22] <wrbtrader> compiled the raw data
[10:10:44] <wrbtrader> All other years...just uncompiled raw data
[10:13:42] <wrbtrader> sneaky price action right now
[10:13:49] <wrbtrader> jumpy too
[10:15:06] <wrbtrader> Long Emini ES @ 2005.25 -> large size
[10:15:13] <wrbtrader> 10 contracts
[10:15:22] <wrbtrader> intuition
[10:15:30] <wrbtrader> following Emini YM
[10:15:54] <wrbtrader> meant...I'm following Emini YM and I hope Emini ES does the same
[10:16:31] <mtntrader___> Ah, that's two intuition trades in one day. You're over your limit. ;-)
[10:16:50] <wrbtrader> Yep...twos the limit
[10:17:09] <wrbtrader> Hopefully its worthwhile doing such so early in the day
[10:18:13] <wrbtrader> Exited all Emini ES Long @ 2005.25 --> 0
[10:18:22] <wrbtrader> it tried
[10:19:08] <wrbtrader> I thought YM had a good shot at taking out its regular session high and that the others will follow for awhile
[10:19:18] <wrbtrader> It almost did it but hit a road block
[10:29:39] <mtntrader___> We've seen too many Mondays like this lately. Dead slow.
[10:30:16] <Sharif___> it's also contract exp week, you'd think it'd be a bit different than this
[10:31:53] <Sharif___> short es @ 2006.75
[10:32:48] <Corner> Good morning all
[10:33:17] <wrbtrader> It will be different Tuesday and Wednesday
[10:33:36] <wrbtrader> Also, I think we have another Super Tuesday in politics
[10:33:48] <Sharif___> ahh
[10:33:52] <wrbtrader> or maybe that's next week...I'm not sure
[10:34:09] <wrbtrader> I'll check tonight to be sure
[10:34:14] <Senge> It's tomorrow.
[10:34:19] <patrader> This week
[10:34:19] <wrbtrader> Ok...thanks
[10:34:34] <Senge> Florida and Ohio
[10:34:52] <patrader> Illinois is too
[10:35:13] <wrbtrader> Yeah, a lot of delegates on those states to try to capture
[10:35:15] <patrader> It got a little wild here after Trump's rally got shut down
[10:36:27] <patrader> Had to avoid an entire section of the city
[10:36:36] <patrader> I'm planning to stay inside tomorrow
[10:36:39] <patrader> Needless to say
[10:39:51] <Cayden> Good Morning everybody
[10:44:57] <efloortrader7> ZB Short Flat now +4 1 lot
[10:45:00] <Sharif___> got out w/ -1
[10:46:04] <wrbtrader> Shorts Emini ES @ 2008.25 -> large size
[10:46:12] <wrbtrader>
[10:46:16] <wrbtrader> trade errpr
[10:46:22] <wrbtrader> error
[10:47:13] <wrbtrader> Covered all Emini ES Short @ 2009.25 --> - 1
[10:48:30] <wrbtrader> Hopefully Emini ES can pullback before trying to pop to 2011
[10:48:48] <wrbtrader> error was on 10 contracts
[10:55:05] <Sharif___> long es @ 2007
[10:59:23] <Sharif___> changed my mind, got out with -1
[11:04:19] <Sharif___> retrying @ 2007, last trade, i think today is not the day to trade. maybe afternoon session will have something different.
[11:04:22] <Sharif___> long
[11:05:40] <Sharif___> out. w/ -1.5
[11:28:21] <wrbtrader> Long Emini ES @ 2008.50 -> large size
[11:28:36] <wrbtrader> 10 contracts
[11:29:59] <wrbtrader> volatility spike Down
[11:30:34] <wrbtrader> Exited all Emini ES Long @ 2007.00 --> - 1.5
[11:35:36] <wrbtrader> Shorts Emini ES @ 2006.00 -> large size
[11:35:49] <wrbtrader> 30 contracts
[11:37:44] <wrbtrader> volatility trying to breakout...the wrong way for me
[11:39:45] <wrbtrader> volatility has been increasing between the 2007.00 - 2006.00 price area
[11:40:14] <wrbtrader> break the upside of that now
[11:42:47] <wrbtrader>
[11:43:05] <platform115> this is a really tough one
[11:44:13] <wrbtrader> If Emini ES can get back inside that increasing volatility area of 2007.00 - 2006.00
[11:44:36] <wrbtrader> I have a chance to get out of this trade with a small loss or small profit
[11:46:20] <wrbtrader> price action now changed...it has a new most recent reaction low
[11:46:48] <wrbtrader> before it was 2007.00
[11:47:03] <wrbtrader> now its 2005.75
[11:47:29] <wrbtrader> now much room for error it it drops into that area of 2005.75
[11:48:04] <wrbtrader> could easily stall there if it gets there and quickly power back upwards off that price area as a support
[11:49:18] <wrbtrader> More key markets range bound now on low volatility
[11:49:48] <wrbtrader> something will pop here soon because key markets do not like being range bound together like that
[11:49:55] <Cayden> may need one og your Houdini escapes in this tricky spot
[11:51:43] <Senge> Lower reaction highs, higher reaction lows ...
[11:51:45] <wrbtrader> Emini ES has that rising reaction lows I mentioned earlier
[11:53:47] <wrbtrader>
[11:56:27] <platform115> something going to pop
[11:56:50] <wrbtrader> I gotta respect that 2005.75 reaction low
[11:57:07] <wrbtrader> Covered 1/3 Emini ES Short @ 2005.25 --> + 0.75
[11:57:14] <platform115> well done sir!
[12:00:42] <wrbtrader> Covered 1/3 Emini ES Short @ 2005.75 --> + 0.25
[12:00:54] <wrbtrader> Unfortunetly that Big Down WRB interval produced only a small WRB pt1 for my trade
[12:01:17] <wrbtrader> because it had already gone 2 points against me
[12:02:14] <wrbtrader> Now its trying to bounce off that earlier 2005.00 reaction low
[12:04:44] <wrbtrader> WRB pt2 reached but not able to grab it
[12:07:57] <wrbtrader> Covered Remainder Emini ES Short @ 2005.75 --> + 0.25
[12:08:47] <mtntrader___> Good patience on that trade, wrbtrader.
[12:09:02] <Cayden> that was work- range work
[12:10:20] <wrbtrader> Yeah...a lot of things showed up after entry into the trade
[12:10:47] <wrbtrader> The only clue I started getting was about that 2005.75 level
[12:11:19] <wrbtrader> Thus, I had to respect it (do my exits) at or near that level because of the bounce back upwards potential
[12:11:41] <wrbtrader> especially if they occur as a tiny WRB pt1
[12:12:54] <Cayden> now its working past the midway point of the recent down wrbhg
[12:18:42] <wrbtrader> Emini ES has retraced that big Down WRB HG interval
[12:19:01] <platform115> IWM still lagging
[12:31:15] <Cayden> es matched HOD with recent wrbhg- ym and nq made new hod with same wrbhg- TF is a brat
[12:43:13] <patrader> reg session gap filled
[12:44:04] <Cayden> thanks patrader
[14:06:48] <mtntrader___> Crude collapsing
[14:43:07] <wrbtrader> Long Emini ES @ 2013.25 -> large size
[14:43:14] <wrbtrader> 20 contracts
[14:44:37] <wrbtrader> Exited all Emini ES Long @ 2013.00 --> - 0.25
[14:47:03] <mtntrader___> Long ES 2013.00
[14:48:36] <wrbtrader> Long Emini ES @ 2013.25 -> large size
[14:48:46] <wrbtrader> re-entry
[14:57:44] <Senge> Long ES @ 2012.50
[15:00:48] <efloortrader7> ZB late short @ 61-15
[15:00:55] <efloortrader7> 1 lot
[15:01:23] <efloortrader7> see if we can close 30min WRB on downside
[15:01:45] <wrbtrader> Exited all Emini ES Long @ 2012.25 --> - 1
[15:02:10] <mtntrader___> Covered all 2011.50, -1.5
[15:02:19] <Senge> Exit ES @ 2011.50 -1
[15:13:20] <mtntrader___> Long ES 2012.50
[15:15:36] <mtntrader___> Covered all at scratch
[15:18:53] <Cayden> something is backing 11.50-
[15:21:21] <Cayden> maybe there will be support inside 2010- 2011.25- dont see this back stop holding too much longer
[15:26:01] <mtntrader___> Long 2012.50, one last attempt
[15:26:14] <wrbtrader> Long Emini ES @ 2014.25 -> large size
[15:26:23] <wrbtrader> re-entry
[15:26:54] <wrbtrader> unreal at those earlier careful trades that didn't get anything to now see it pop like this
[15:27:37] <wrbtrader> By the way, Emini TF futures is thin
[15:31:33] <mtntrader___> Covered all 2013.50, +1
[15:34:14] <wrbtrader> back to that earlier tight range with low volatility
[15:34:34] <wrbtrader> Exited all Emini ES Long @ 2012.25 --> - 2
[15:36:11] <wrbtrader> Up on increasing volatility...back Down on decreasing volatility
[15:36:38] <wrbtrader> Long Emini ES @ 2012.50 -> large size
[15:36:47] <wrbtrader> re-entry
[15:43:33] <wrbtrader> Exited all Emini ES Long @ 2012.75 --> + 0.25
[15:44:37] <wrbtrader> Long Emini ES @ 2012.75 -> large size
[15:44:44] <wrbtrader> re-entry
[15:47:59] <mtntrader___> Time for a nice ramp into the close, isn't it?
[15:48:25] <wrbtrader> Its been behaving too thin with its volatility
[15:48:42] <wrbtrader> If it does ramp up...I will be very surprised...a nice surprise
[15:50:34] <wrbtrader> Exited all Emini ES Long @ 2013.00 --> + 0.25
[15:52:50] <Senge> A lot of congestion in this price area back on Jan 4-5.
[15:53:51] <wrbtrader> Shorts Emini ES @ 2012.00 -> large size
[15:54:04] <wrbtrader> 20 contracts
[15:55:17] <wrbtrader>
[15:55:19] <wrbtrader> geeesh
[15:55:57] <wrbtrader> Covered all Emini ES Short @ 2012.00 --> 0
[15:57:02] <wrbtrader> Long Emini ES @ 2012.00 -> large size
[15:57:33] <wrbtrader> I tried to get a few ticks out of that Short before it tried to ramp upwards
[15:58:15] <wrbtrader> regardless...the Longs haven't worked the way I wanted them recently
[15:58:43] <wrbtrader> unusual number of breakeven trades also today for me
[15:59:41] <wrbtrader> Exited all Emini ES Long @ 2011.00 --> - 1
[16:04:59] <wrbtrader> Shorts Emini ES @ 2009.75 -> large size
[16:07:27] <wrbtrader> Only YM and NQ manage to stay above Friday's close
[16:13:15] <wrbtrader> No volatility after the 4pm est rush hour traffic...only contraction.
[16:13:18] <wrbtrader>
[16:15:22] <wrbtrader> still holding...
[16:15:44] <wrbtrader> I want to see how this re-opens fter the maintenance period
[16:16:58] <mtntrader___> I'm curious too. I will stay with you in this chat room.
[16:17:23] <wrbtrader> I did notice Emini TF remain calm...barely moved in that 4:15pm est close
[16:17:33] <wrbtrader> That's not normal for TF
[16:18:13] <mtntrader___> True. The TF has been worthless as a leader today. Most days I find it very helpful.
[16:23:49] <patrader> Calling it a day. Take care all.
[16:30:56] <wrbtrader> Covered Emini ES Short @ 2009.50 --> + 0.25
[16:31:30] <wrbtrader> not worth the wait
[16:32:22] <mtntrader___> Take care. See you tomorrow.
[16:32:28] <wrbtrader> I spend 10 minutes examing the daily charts and hourly charts for a swing...nothing there too
[16:33:47] <wrbtrader> I still holding 10 contract remainders...still trying to decide
[16:35:17] <wrbtrader> Emini ES near a S area of an unfilled Up WRB Hidden GAP interval on the daily chart
[16:35:24] <wrbtrader> Its not a WRB Zone
[16:36:19] <wrbtrader> In reference to the all session chart
[16:37:57] <mtntrader___> Are you thinking about holding those 10 overnight, or just watching them into the Asian session?
[16:38:24] <wrbtrader> Thinking about just watching them into the Asian session...
[16:38:36] <wrbtrader> I don't want to be Short going into Super Tuesday
[16:38:50] <mtntrader___> Hmmmm.... good point.
[16:39:02] <wrbtrader> Biggest lost I've ever had was holding a Short into Super Tuesday
[16:39:14] <wrbtrader> I don't want a nighmare like that ever to happen again
[16:39:48] <mtntrader___> I don't see you having very many losing days, wrbtrader.
[16:40:20] <wrbtrader> The issue isn't having a losing day each month...
[16:41:17] <mtntrader___> I know, its keeping the size of that daily loss under control.
[16:41:20] <wrbtrader> The key is the next trading day AFTER the losing day because there's usually something weird in that losing day (like today) that sets up the price action in the following trading day to be exploited.
[16:42:12] <mtntrader___> I will watch for that tomorrow. Thanks for the heads up.
[16:42:16] <wrbtrader> I've decided now
[16:43:45] <wrbtrader> lets see if someone can take me out @ 2008.75 and if not...I'll start going up a tick each time
[16:45:13] <wrbtrader> Need to be careful about going back into last in teh queu line with any order movement
[16:52:31] <wrbtrader> I've decided to not wait for the Asia markets to open...will do an early exit.
[16:53:36] <wrbtrader> I will get up early tomorrow to around 5am est to watch to see how this price action is going to lead into the Super Tuesday to see if I can catch an early Long position
[16:54:47] <mtntrader___> This is not really Super Tuesday tomorrow. That was two weeks ago. But there are, I believe, four primaries tomorrow, so it could be important.
[16:55:30] <wrbtrader> Covered Remainder Emini ES Short @ 2009.50 --> + 0.25
[16:55:54] <wrbtrader> Tomorrow is some big delegates
[16:56:14] <mtntrader___> Ok, have a good night.
[16:56:16] <wrbtrader> Hopefully there's no riots
[16:57:15] <wrbtrader> If there are riots tomorrow...it will kill the traditional market tendencies about the markets and politics
[16:57:57] <wrbtrader> Take care all...will be back early around 5am est and may call it quits early if I can catch a decent move
[17:07:44] <efloortrader7> Gn everyone
Session Close: Tue Mar 15 00:00:00 2016
-------------------------
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Price Action Trading
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