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 Post subject: May 16th Monday - Futures, Forex, Stocks and ETF
 Post Posted: Tue May 17, 2016 5:26 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:
051616-Key-Price-Action-Markets.png
051616-Key-Price-Action-Markets.png [ 1.08 MiB | Viewed 264 times ]

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

Session Start: Mon May 16 09:22:22 2016
Session Ident: ##TheStrategyLab
[09:22:22] * Now talking in ##TheStrategyLab
[09:22:22] * 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'
[09:22:22] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:22:23] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:23:25] <wrbtrader> Good morning all...
[09:23:58] <irza> gm
[09:24:49] <wrbtrader> There was a recent negative review on TheStrategyLab website, the free chat room and me by some stranger name Emmett Moore
[09:25:04] <irza> dang
[09:25:05] <irza> how come
[09:25:36] <wrbtrader> I made a rebuttal for any one to read and to understand what happen via the history that lead up to the rebuttal.
[09:26:14] <wrbtrader> He stated three truths only in his review and everything else is misinformation and LIES
[09:26:24] <wrbtrader> The three truths are the following...
[09:26:35] <wrbtrader> 1) He stated my correct name
[09:26:44] <wrbtrader> 2) He correctly named the website
[09:27:28] <wrbtrader> 3) He said I told him NO when he asked for permission to contact my brokers to access trading records
[09:29:18] <wrbtrader> I don't know the guy and never met him before and he didn't mention I have a policy I don't give anyone access to my broker accounts let alone allow them access to any private information about me that's in those records
[09:29:45] <wrbtrader> More info about the rebuttal @ http://www.thestrategylab.com/tsl/forum ... 291&t=3153
[09:30:01] <wrbtrader> The biggest LIE (that offended me the most)...
[09:30:17] <wrbtrader> He said in his review "there's no live trades whatsoever"
[09:30:25] <wrbtrader> :)
[09:30:49] <wrbtrader> Simply...NO live real-time trades in here :(
[09:31:16] <wrbtrader> I never knew that :)
[09:32:32] <wrbtrader> Anyways, I'll mention this later again and just post the link not to pollute the chat logs of NO live real-time trades :)
[09:33:12] <wrbtrader> Archive Chat Logs @ index.php
[09:33:43] <wrbtrader> Just in case someone in here didn't know live trades are posted in here :)
[09:34:19] <irza> lol
[09:34:35] <irza> good trading all
[09:37:41] <mtntrader____> That's pretty amazing. Obviously, the guy is a moron.
[09:39:34] <werner> hi all
[09:39:41] <irza> hi
[09:40:34] <lightenup1> Long YM 17525
[09:40:34] <wrbtrader> mtntrader - actually he's a convicted felon
[09:41:14] <wrbtrader> And his timing in contacted me is very suspicious as noted in a time line of events in the rebuttal
[09:41:59] <lightenup1> Flat YM 17540 +15
[09:42:17] <mtntrader____> Wow, so anyone can hold themselves out to be an expert and write a critique like this. I will read the rebuttal again.
[09:42:22] <lightenup1> WRB Point 1 reached
[09:42:44] <wrbtrader> Anyways...hope all has a good trading day and make sure you do not use the "invisible ink" key on your keyboard when you post your "Live Trade" so that your "Live Trade" is visible to all readers :)
[09:42:56] <lightenup1> 1 Min chart
[09:44:07] <wrbtrader> Eminis insync with the volatility movement upwards and the VIX @ 15.46
[09:54:59] <TradeSnake______> Short GC @ 1287.3
[10:15:52] <irza> Shorts Emini ES @ 2052.50 -> small size
[10:31:01] <TradeSnake______> Covered GC @ 1282.3 --> +5.0
[10:32:30] <irza> nice tradesnake
[10:38:43] <TradeSnake______> Thank you, it's still moving south pretty aggressively ..
[10:38:43] <wrbtrader> Emini ES futures has that slow low volatility price rise
[10:49:34] <wrbtrader> Long Emini ES @ 2053.00 -> large size
[10:50:05] <wrbtrader> 5+5 contracts
[10:50:24] <wrbtrader> I almost grabbed anothe 5 at 2053.25
[10:50:32] <wrbtrader> now I regret not doing such
[10:56:14] <wrbtrader> Exited all Emini ES Long @ 2055.50 --> + 2.5
[10:57:39] <irza> Covered all Emini ES Short @ 55 --> + 1997.5
[10:57:53] <irza> Covered all Emini ES Short @ 2055 --> - 2.5
[11:02:49] <wrbtrader> irza...what was the reason in general behind you Shorting
[11:02:53] <wrbtrader> ?
[11:02:57] <wrbtrader> I’m curious
[11:03:11] <irza> it was a daily R i had via trendlines
[11:03:21] <irza> so wanted to give it a shot
[11:03:26] <wrbtrader> Ahhh...ok
[11:03:37] <irza> the intraday never confirmed
[11:03:40] <irza> hence small size
[11:03:50] <irza> was willing to pay for the info
[11:03:53] <irza> but info didn't work lol
[11:05:58] <irza> in hindsight,
[11:06:07] <irza> i should had reversed on double size
[11:06:13] <irza> where u entered long
[11:06:15] <irza> but it was so fast
[11:07:57] <wrbtrader> That’s the problem with these types of price actions I label as CREEPER
[11:08:28] <wrbtrader> They move slow, contract a lot via RISING prices on contracting volatility...
[11:08:47] <wrbtrader> Then the spike into a Up WRB HG interval without warning
[11:09:31] <wrbtrader> I’m in a little shock for the past 2 hours...
[11:09:41] <wrbtrader> A big snow fall :(
[11:10:08] <werner> snow?
[11:10:10] <wrbtrader> We’ve never had such this late in the year (late spring)
[11:10:17] <wrbtrader> Its crazy
[11:10:20] <werner> lol
[11:10:40] <wrbtrader> I’m looking out the window in shock.
[11:10:54] <werner> take your ski and enjoy
[11:11:05] <wrbtrader> I can see people outside now standing in the street and looking up at the sky
[11:11:42] <wrbtrader> It’s a little creepy...I feel like I’m in the War of the Worlds movie when Tom Cruise goes outside to look at the strange lighting bolts
[11:12:02] <werner> hihi
[11:35:22] <irza> stockwits bear sentiment at 66% lol
[11:35:32] <irza> it was at 64% when i checked b4 the Open
[11:35:43] <irza> looks like a good rinse day
[11:50:54] <wrbtrader> Exactly
[11:51:20] <wrbtrader> This is a very deceptive price movement
[12:05:45] <irza> i can see why u rarely Countertrend
[12:05:52] <irza> easier to just join the momentum
[12:06:52] <irza> actually wrong word usage, since i have joined, no CT trades were posted :)
[12:11:16] <wrbtrader> Yeah, I’ve developed more FEAR in doing counter-trend trades
[12:11:57] <wrbtrader> Prior to 2008...I wasn’t fearful to do counter-trend trades in comparison to today
[12:12:22] <irza> could u have trailed a few contracts for a larger target? or does this work against you over time?
[12:12:47] <wrbtrader> Not sure
[12:13:02] <wrbtrader> Back then if I counter-trend traded...
[12:13:37] <wrbtrader> I took quick profits and often didn’t catch a big move if it turned into a big reversal price action
[12:54:11] <wrbtrader> This is a stable pullback in the Emini futures
[13:48:48] <irza> read the review from Emmett, quite harsh
[14:01:44] <mtntrader____> I agree, irza. If the guy had spent any time at all in this room he would have seen wrbtrader make valid trades in real time. Just follow the math from there. It is apparent to me that he had an agenda.
[14:02:44] <irza> yea
[14:20:15] <irza> didn't see this move happening today
[14:54:57] <lightenup1> Short YM 17686
[15:03:33] <lightenup1> Flat YM 17701 -1
[15:05:35] <lightenup1> Should have re read early dissuccion re counter trend trades. Thought that they might have ran a few stops before pushing higher.
[15:05:56] <irza> probably best to wait at 4pm to short
[15:06:01] <irza> and get the overnight reaction
[15:06:02] <lightenup1> Correction -15
[15:06:54] <irza> should had known when stockwits was 64-66% bear sentiment lol
[15:07:04] <irza> usually a good signal the bottom could be in lol
[15:07:54] <mtntrader____> Ha
[15:25:01] <wrbtrader> Wow...strange to see the price action stuck like this
[15:25:28] <irza> did u take any other trades?
[15:25:32] <irza> or just 1
[15:26:37] <wrbtrader> No but I did finish doing some work on the patio :)
[15:27:05] <irza> great discipline
[15:30:13] <wrbtrader> This is the type of price action you can not push size at this time of day until volatility begins to show up
[15:31:05] <wrbtrader> What I’m trying to say is that its too late in the trading day to be able to recover from bad trades with size.
[15:31:39] <wrbtrader> Therefore, you either lower your size and/or wait to see if volatility shows up
[15:34:47] <wrbtrader> there’s the needed volatility spike
[15:35:31] <lightenup1> That was the stop run that I was counting on on the last trade.
[15:36:55] <wrbtrader> Emini ES futures retesting the R area of a WRB Zone
[15:37:21] <wrbtrader> Shorts Emini ES @ 2063.75 -> small size
[15:37:33] <wrbtrader> 5 contracts
[15:38:10] <wrbtrader> can anybody see that live trade ?
[15:38:19] <irza> lol
[15:38:23] <irza> i can't see!!!
[15:38:28] <mtntrader____> Ha ha
[15:38:32] <wrbtrader> I want to make sure I’m not the only one that can see my trades :)
[15:38:32] <Tigerman____> hi all
[15:39:08] <wrbtrader> Wow...I’ve never seen tigerman show up so late
[15:39:15] <wrbtrader> You’re usually done by now
[15:39:44] <wrbtrader> Covered all Emini ES Short @ 2065.00 --> - 1.25
[15:39:47] <Tigerman____> yeah that is sign something is happening is all markets :)
[15:40:30] <Tigerman____> wrbtrader... yeah it is long time I no show up in rush hiur
[15:40:38] <Tigerman____> hours
[15:40:45] <irza> Rush hour is the 4pm edge right?
[15:40:57] <wrbtrader> Tigerman...change in your work hours
[15:41:58] <Tigerman____> simply I m very busy in morning hours
[15:42:02] <wrbtrader> Tigerman...please read my rebuttal to the Emmett Moore review of TheStrategyLab @ http://www.thestrategylab.com/tsl/forum ... 291&t=3153
[15:42:10] <wrbtrader> read it whnever you have time
[15:42:36] <Tigerman____> I reat it now
[15:45:32] <wrbtrader> Shorts Emini ES @ 2064.00 -> small size
[15:45:41] <wrbtrader> re-entry
[15:46:34] <Tigerman____> sh spu 206.88
[15:47:03] <wrbtrader> Emini ES futures retesting the R area again of the WRB Zone
[15:47:28] <irza> 5' WRB zone?
[15:48:03] <irza> i rarely trade at this hour, amazing to see you guys do
[15:48:09] <irza> just watching
[15:48:10] <irza> lol
[15:49:30] <wrbtrader> Emini ES futures creeping lower but still no WRB pt1
[15:49:50] <wrbtrader> snapback attempt upwards
[15:49:57] <Tigerman____> exit 2/3 @81 +7tk
[15:50:06] <wrbtrader> Covered all Emini ES Short @ 2063.50 --> + 0.5
[15:50:11] <wrbtrader> :(
[15:50:31] <wrbtrader> trail just got pick pocketed
[15:52:59] <Tigerman____> exit all @ 85 +3tk
[15:56:14] <irza> that was tough hold
[15:56:19] <irza> gave the +2 u wanted?
[15:57:54] <wrbtrader> Emini ES now trying to bounce off the S area of the WRB Zone that’s now filled
[15:58:29] <trader1453> wrbtrader what timeframe is the zone?
[15:58:47] <wrbtrader> 2min and 3min
[15:58:53] <trader1453> tks
[15:59:12] <wrbtrader> Long Emini ES @ 2063.50 -> large size
[15:59:23] <wrbtrader> 10 contracts
[15:59:40] <wrbtrader> high risk trade due to the fact I don’t have much for profits today
[16:03:17] <wrbtrader> Exited all Emini ES Long @ 2063.50 --> 0
[16:03:53] <wrbtrader> not going anywhere although it tried hard to push lower before snapping back upwards a little
[16:04:36] <wrbtrader> Tigerman, that edge that use to be there involving the 4pm rush hour traffic is no longer there
[16:05:02] <wrbtrader> Its just not like it use to be when you first arrived to the chat room
[16:05:32] <irza> how does the edge worked? can u go over it?
[16:05:32] <wrbtrader> Sad because that use to be a big edge and it was there for many years
[16:06:09] <Tigerman____> ah yeah .... I arrived too late :(
[16:06:10] <wrbtrader> Basically the 4pm est rush hour traffic you trade in the direction of increasing volatility of any WRB
[16:06:34] <irza> gotcha thanks
[16:06:38] <Tigerman____> I mean that edge gone when I arrived
[16:06:42] <irza> any specific Timeframe?
[16:06:42] <wrbtrader> Can’t do that anymore...its just too bouncy because of that ALGO chop
[16:06:57] <irza> i see
[16:07:06] <wrbtrader> Emini TF was the primary tool for such
[16:07:23] <wrbtrader> ICE purchase of the TF killed it
[16:07:57] <Tigerman____> seems ICE resell trhat again to CME
[16:08:11] <Tigerman____> in 1 year or less
[16:35:09] <Tigerman____> take care all see next time
[16:38:00] <wrbtrader> I just got an email by someone anonymous saying I’m using an algorithm and I’m front running clients.
[16:38:02] <wrbtrader> Wow
[16:38:13] <wrbtrader> Take care all and see all tomorrow
[16:38:37] <wrbtrader> :)
[17:03:27] <irza> geez
[17:03:36] <irza> that review probably giving u a headache
[17:04:11] <mtntrader____> That's amazing. Now accusing you of front running.
[18:23:54] * Disconnected
Session Close: Mon May 16 18:23:55 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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