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 Post subject: May 10th Tuesday - Futures, Forex, Stocks and ETF
 Post Posted: Wed May 11, 2016 5:20 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:
051016-Key-Price-Action-Markets.png
051016-Key-Price-Action-Markets.png [ 1.19 MiB | Viewed 234 times ]

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

Session Start: Tue May 10 07:34:26 2016
Session Ident: ##TheStrategyLab
[07:34:26] * Now talking in ##TheStrategyLab
[07:34:26] * 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'
[07:34:26] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[07:34:26] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:19:53] <irza> gm all
[09:37:17] <Tigerman_____> good morning all
[09:37:29] <wladh___> gm
[09:37:50] <trader1453> long gu 44368
[09:38:09] <wrbtrader> Shorts Emini ES @ 2063.50 -> large size
[09:38:18] <wrbtrader> 20 contracts
[09:40:02] <wrbtrader> Emini YM and ES futures being stubborn while Emini TF and NQ are trying to fill their regular session gap
[09:40:10] <trader1453> move stop to 44343, TP 4468
[09:40:34] <wrbtrader> Covered all Emini ES Short @ 2063.50 --> 0
[09:42:14] <wrbtrader> KMEs @ 1000am est
[09:43:51] <trader1453> move stop to 44416 below wrb 1min
[09:44:20] <Tigerman_____> I m little short biased noe
[09:46:58] <wrbtrader> Long Emini ES @ 2066.75 -> large size
[09:47:06] <wrbtrader> 10 contracts
[09:47:43] <wrbtrader> not much to bite on but the speed is showing up
[09:47:49] <Tigerman_____> lg es 66.25
[09:47:56] <wrbtrader> hopefully it'll produce a Up WRB Hidden GAP interval
[09:48:34] <wrbtrader> VIX down in the 13.81 range :(
[09:48:50] <wrbtrader> Not good conditions for trading the Emini ES future
[09:48:59] <Tigerman_____> exit all @ 67.50 +5tk
[09:50:42] <wrbtrader> Exited all Emini ES Long @ 2069.00 --> + 2.25
[09:50:56] <wrbtrader> early exit
[09:51:02] <wrbtrader> not a WRB pt1
[09:51:29] <wrbtrader> my pt1 was a Up WRB HG interval but its moved too far upwards without one
[09:55:06] <irza> test
[09:58:53] <Tigerman_____> Iwm did a retrace here
[10:00:28] <wrbtrader> That's a big retracement for Emini TF futures in comparison to Emini ES futures
[10:00:58] <wrbtrader> Don't see such like that with Emini ES holding its support but when it does such...Emini YM is usually doing it too
[10:01:33] <wrbtrader> Crude Oil CL futures holding its support too after an upwards price movement
[10:03:17] <wrbtrader> Eurex DAX futures retesting its most recent reaction low
[10:03:26] <irza> ES 15' bar 945 WRB HG
[10:03:56] <trader1453_> out +5
[10:07:31] <irza> Shorts Emini ES @ 67
[10:10:32] <irza> Covered Emini ES Short @ 66 --> + 1
[10:10:32] <irza> Reverse and Enter Long Emini ES @ 66
[10:10:34] <wrbtrader> A lot of games being played so far with Emini ES futures
[10:11:04] <wrbtrader> It survived a huge down pressure in Emini TF and Eurex futures
[10:11:25] <wrbtrader> Emini YM and NQ also held steady
[10:11:47] <Senge> Long ES @ 2066.50
[10:11:50] <irza> DTOP at HOD with globex high, looking for a breach
[10:13:29] <Tigerman_____> ES price stay in the middle
[10:13:42] <Tigerman_____> try to climb higher
[10:16:04] <wrbtrader> Long Emini ES @ 2068.75 -> large size
[10:16:13] <wrbtrader> 10 contracts
[10:16:18] <Senge> Exit ES @ 2068.75 +2.25
[10:16:43] <wrbtrader> Exited all Emini ES Long @ 2068.25 --> - 0.5
[10:18:08] <wrbtrader> Long Emini ES @ 2068.50 -> large size
[10:18:32] <wrbtrader> re-entry
[10:18:58] <wrbtrader> tough price area
[10:19:22] <irza> maybe wants to build Energy by pausing for abit?
[10:19:41] <wrbtrader> I've already gotten spooked out once in this area
[10:20:01] <lightenup1> Long YM 17793
[10:20:06] <wrbtrader> It got sluggish
[10:20:20] <wrbtrader> both times after my entry
[10:21:09] <wrbtrader> snapback upwards
[10:21:21] <lightenup1> Flat YM 17803 +10
[10:21:23] <irza> Exited 1/2 Emini ES Long @ 69.25 --> + 3.25
[10:21:34] <trader1453> lomg es 6850
[10:21:44] <trader1453> tp 72
[10:21:50] <wrbtrader> Exited all Emini ES Long @ 2068.25 --> - 0.25
[10:22:05] <wrbtrader> snapback ran out of steam quickly
[10:22:37] <wrbtrader> Long Emini ES @ 2068.00 -> large size
[10:22:45] <wrbtrader> re-entry
[10:23:38] <wrbtrader> Exited all Emini ES Long @ 2067.25 --> - 0.75
[10:23:47] <Tigerman_____> lg iwm 111.46
[10:24:01] <wrbtrader> Emini ES futures trying to get insync with others
[10:24:01] <Tigerman_____> exit all 111.34 -12 tk
[10:24:04] <Tigerman_____> small size
[10:24:04] <wrbtrader> That's a good thing
[10:24:17] <Tigerman_____> tought area
[10:25:25] <irza> Exited Emini ES Long @ 67 --> + 1
[10:25:25] <irza> Reverse and Enter Short Emini ES @ 67
[10:25:35] <wrbtrader> Shorts Emini ES @ 2067.00 -> large size
[10:25:46] <wrbtrader> 20 contracts
[10:28:21] <wrbtrader> :(
[10:30:00] <irza> :(
[10:30:13] <irza> hopefully HOD holds
[10:30:16] <irza> and we good
[10:32:44] <wrbtrader> Covered all Emini ES Short @ 2068.75 --> - 1.75
[10:32:58] <wrbtrader> Long Emini ES @ 2069.00 -> large size
[10:33:13] <wrbtrader> 20 contracts
[10:33:32] <irza> Covered all Emini ES Short @ 69 --> - 2
[10:36:09] <wrbtrader> Exited all Emini ES Long @ 2070.75 --> + 1.75
[10:36:24] <wrbtrader> WRB pt1 reached
[10:40:11] <wrbtrader> a lot of churning so far :(
[10:44:09] <trader1453> out +3.75
[10:44:21] <trader1453> sorry 3.25
[10:44:51] <irza> hesitated on that reverse long, worked nicely but missed
[11:02:04] <wrbtrader> I'm just going to monitor Emini ES for awhile with other key markets in the world because the volatility movement in Emini ES keeps getting out of sync with other key markets and then it decides "whenever" that its going to play catch up
[11:03:23] <irza> which mkts are those? CL?
[11:40:46] <trader1453> long gu 44576
[11:41:21] <trader1453> tp 4472, stop 4446
[11:46:59] <trader1453> adding long 4454
[11:47:37] <trader1453> tp 4467
[11:52:42] <winmax60> long es@2071.25
[11:58:23] <winmax60> exit @2072.25 +1
[12:00:15] <Cayden> FWIW- we are in one big ole' zone from the globex session when Japan came out with some Eco Currency plan- I forget what it was but it was a big sown move from May 2, 2016. 74.50 is the top of that zone- 65 is the bottom
[12:00:16] <wrbtrader> [11:03:23] <irza> which mkts are those? CL?
[12:00:43] <wrbtrader> Eminis, Eurex, Euronext, Crude and Brent
[12:02:48] <irza> tx
[12:10:57] <Tigerman_____> slow day
[12:11:03] <Tigerman_____> take crae all see next time
[12:12:52] <trader1453> -8 and -11
[13:09:40] <wrbtrader> FYI - A few weeks back, some of us in here had a lot of connection problems and disconnection problems on Freenode...they were doing some kind of IP address script updates.
[13:10:10] <wrbtrader> I may happen again later this week or weekend because I got a notice they're going to be doing some more updates :(
[13:10:38] <wrbtrader> Simply, don't panic if you have problems connecting...nothing wrong on your side
[13:11:47] <wrbtrader> Freenode has always been reliable and better at dealling with trouble makers in comparison when the chat room was located on the Othernet server.
[13:12:44] <irza> do you take trades only in RTH session?
[13:12:47] <wrbtrader> Too many autobots, spammers and trouble makers on the Othernet which is why I moved the room to Freenode servers...they're better at dealing with that.
[13:13:26] <wrbtrader> Yes, only regular session
[13:14:55] <wrbtrader> I'll go back to my regular trading habits in a few years in which I'll trade beginning around 2am est until 9am est to trade Eurex, Euronext, Crude and EuroFX 6E futures.
[13:15:01] <irza> have u tried trading 20 cars in after hours? are the fills as quick as in RTH?
[13:15:14] <wrbtrader> Current schedule doesn't allow me to trade what I'm really good at trading
[13:15:23] <irza> oh i see
[13:15:47] <wrbtrader> Not really 20 contracts
[13:16:34] <wrbtrader> I've had a few trades that I got stuck in late in the afternoon trading session and I would then split the order and exit aroound 4:40pm est
[13:17:38] <wrbtrader> I've never held a position that large into the late night
[13:18:12] <wrbtrader> I hate trading after 5pm est...it kills my evening family schedule
[13:26:18] <irza> good balance
[14:48:39] <irza> was there any WRB zones that would of caught the long in ES or NQ in the after hour sessions?
[14:52:56] <wrbtrader> WRB Zones are not trade signals
[14:53:32] <irza> yea they are areas of support or resistance
[14:54:11] <wrbtrader> For example, there's a WRB Zone on the 15min chart @ 2130hr - 2145hr est yesterday
[14:55:01] <wrbtrader> Emini NQ futures retested that Zone early this morning @ 0715hr - 0730hr est
[14:56:19] <wrbtrader> The question is did you have a trade signal via your trade method that would have gotten you Long in the morning that involved that retesting of that Zone early this morning
[14:57:25] <irza> http://i.imgur.com/Yj57Jum.png
[14:57:36] <irza> i saw this one
[14:57:46] <irza> wasn't sure if valid at the time per my notes
[14:57:51] <irza> but now i see that it worked
[14:59:27] <irza> right after u reversed long, came back to retest same entry price
[15:01:35] <wrbtrader> The one on your 5min chart is not a WRB Zone
[15:01:44] <wrbtrader> Something odd about your chart
[15:02:05] <irza> i remember u took this one a few days ago, so thought it was similar
[15:02:06] <irza> http://i.imgur.com/Ph19MS6.png
[15:02:14] <wrbtrader> The data looks odd...looks like its from IB (filtered data)
[15:02:31] <irza> rithmic
[15:02:45] <irza> ninjatrader brokerage
[15:21:47] <lightenup1> Long YM 17835
[15:23:28] <TradeSnake______> Short GC @ 1269.3
[15:26:37] <lightenup1> Flat YM 17840 +5
[15:26:56] <mtntrader____> Long ES 2077.00
[15:30:28] <mtntrader____> Covered all 2077.25, +.25
[15:47:40] <TradeSnake______> Covered GC@ 1267.6 --> +1.6
[15:57:06] <wrbtrader> Long Emini ES @ 2079.00 -> small size
[15:57:13] <wrbtrader> 5 contracts
[15:59:37] <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.
[16:00:36] <wrbtrader> Exited all Emini ES Long @ 2079.00 --> 0
[16:01:16] <irza> Daily potential WRB HG
[16:01:19] <irza> in ES
[16:01:22] <wrbtrader> At least it tried to get going towards 2080 but it made a 1/2 butt effort
[16:05:50] <wrbtrader> Today was one of those days that you really needed to have been on the wagon before the regular trading session beginned
[16:06:12] <wrbtrader> Very few opportunities after the start of the regular session
[16:06:34] <irza> yea sat on hands all day
[16:06:44] <wrbtrader> and if you missed those opportunities...not much to do for the day
[16:13:12] <irza> did u leave any runners from 69 long?
Session Close: Wed May 11 00:00:00 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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