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 Post subject: May 17th Tuesday - Futures, Forex, Stocks and ETF
 Post Posted: Wed May 18, 2016 8:04 am 
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Trader / Forum Admin

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:
051716-Key-Price-Action-Markets.png
051716-Key-Price-Action-Markets.png [ 1.06 MiB | Viewed 277 times ]

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

Session Start: Tue May 17 09:30:00 2016
Session Ident: ##TheStrategyLab
[09:30:00] * Now talking in ##TheStrategyLab
[09:30:00] * 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'
[09:30:00] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:30:00] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:17] <wrbtrader> Good morning all
[09:31:01] <wrbtrader> Today there was 378 hack attempts on the password to join this free chat room :(
[09:31:17] <wrbtrader> Its only early in the morning :(
[09:31:36] <wrbtrader> Normally there's 1 - 2 attempts per day.
[09:31:48] <wrbtrader> We're getting popular :)
[09:32:04] <mtntrader____> Dang, I feel privileged to be here!
[09:32:39] <wrbtrader> At least its not boring any more although not the type of excitement I want
[09:33:20] <wrbtrader> Yesterday I had 1,415 hack attempts on my user name and password at my forum.
[09:33:39] <wrbtrader> Usually its only about 10 -15 per day
[09:35:08] <wrbtrader> I'm going to try to do 2 quick trades because I need to reboot everything to set some new security scripts in the chat room
[09:37:42] <Tigerman____> hi all
[09:38:26] <Tigerman____> dod uou see me?
[09:38:48] <wrbtrader> Not until you post some live trades :)
[09:38:59] <irza> hi
[09:39:21] <wrbtrader> Actually, that's not funny...
[09:41:09] <Tigerman____> my net have some issue now
[09:41:36] <Tigerman____> oddly chat pc seems ok in contrast my trading platform not :(
[09:41:48] <wrbtrader> I don't know if you remember but I use to use a special script in here that if someone posted a live trade or said certain key words from the WRB Analysis free study guide (e.g. wrb, hidden gap)...a + sign was added to their name
[09:41:52] <Tigerman____> seems router issue
[09:42:16] <wrbtrader> Tigerman, you have an unusual ton of computer problems.
[09:42:34] <wrbtrader> You in the desert and a lot of sand is in your home ?
[09:42:36] <wrbtrader> :)
[09:43:03] <wrbtrader> You still in Europe ?
[09:43:10] <Tigerman____> oddly most the issue occiurs in trading time :(
[09:44:33] <Tigerman____> seems some broker and data vendors are more sensible then others
[09:44:38] <wrbtrader> The biggest consistent problems I have are the clocks
[09:44:46] <Tigerman____> TS and IB frozen
[09:45:06] <werner> ts ok here
[09:45:06] <Tigerman____> in contrast others not
[09:45:15] <wrbtrader> IRC clock, my computer clock, charting program clock and broker station clock are often all different :(
[09:45:31] <Tigerman____> yeah issue is due ti a short internet interupt
[09:46:04] <wrbtrader> The difference usually no more that 15 seconds
[09:46:54] <Tigerman____> just did a short in ES at fly
[09:47:17] <Tigerman____> simply I hate when I miss a entry due tech issue
[09:51:41] <wrbtrader> Emini TF futures filling in its regular session gap
[09:51:47] <lightenup1> Short YM 17600
[09:53:15] <lightenup1> Flat YM 17590 +10
[09:57:42] <Tigerman____> hello again
[10:02:35] <Tigerman____> test
[10:03:25] <wrbtrader> Shorts Emini ES @ 2055.50 -> large size
[10:03:44] <wrbtrader> trade via the price action of Emini TF futures
[10:03:50] <wrbtrader> 10 contracts
[10:05:31] <irza> Shorts Emini ES @ 56
[10:05:34] <wrbtrader> choppy :(
[10:05:46] <irza> TGT 49.5
[10:05:55] <wrbtrader> should'uv added when I had the chance
[10:06:32] <Tigerman____> sh ES 2055
[10:07:42] <wrbtrader> no WRB pt1 :(
[10:08:06] <irza> exit stop raised Emini ES @ 57.25
[10:08:09] <wrbtrader> still choppy
[10:08:20] <irza> hope we reach 49
[10:08:24] <irza> lol
[10:08:26] <wrbtrader> Covered all Emini ES Short @ 2054.50 --> + 1
[10:08:26] <irza> smoothly
[10:08:35] <wrbtrader> early exit
[10:08:41] <wrbtrader> not a WRB pt1
[10:09:33] <wrbtrader> got some problems related to me not rebotting my system because the auto script has cause two software crashes
[10:10:17] <wrbtrader> WRB pt1 reached but I'm not on board :(
[10:10:31] <irza> 2' 2rb
[10:10:34] <irza> 2' WRB
[10:10:43] <irza> +2 1/2
[10:11:03] <irza> Covered 1/2 Emini ES Short @ 53.5 --> + 2.5
[10:13:24] <wrbtrader> Shorts Emini ES @ 2062.75 -> large size
[10:13:32] <wrbtrader> :(
[10:13:37] <wrbtrader> 10 contracts
[10:13:39] <werner> Shorts Emini NQ @ 4356.00
[10:13:56] <wrbtrader> will reboot soon
[10:13:57] <werner> Covered all Emini NQ Short @ 4353.00 --> + 3
[10:16:11] <wrbtrader> Covered all Emini ES Short @ 2053.75 --> + 9
[10:16:18] <wrbtrader> incorrect...
[10:16:37] <wrbtrader> The entry was incorrect...
[10:16:47] <wrbtrader> 2052.75
[10:16:55] <wrbtrader> The exit is correct...
[10:17:04] <wrbtrader> -1.00
[10:17:09] <Tigerman____> exit all ES @ 2053.75 +5tk
[10:17:21] <Tigerman____> at this point I stop trading
[10:17:30] <irza> not a smooth ride for sure
[10:17:50] <Tigerman____> I have issue on on all my trading platforms :(
[10:17:55] <wrbtrader> volatility has pickup a little but its with the chop
[10:18:06] <Tigerman____> in contrast Youtube works smooth !!!
[10:21:32] <irza> Covered all Emini ES Short @ 57 --> - 1
[10:28:44] <Tigerman____> sh es 55.50
[10:28:47] <Tigerman____> intuition
[10:30:23] <Tigerman____> exit 1/2 @ 55 +2tk
[10:33:06] <wrbtrader> Shorts Emini ES @ 2054.50 -> large size
[10:33:13] <wrbtrader> 20 contracts
[10:33:18] <Tigerman____> exit all rem @ 2054 +6 tk
[10:33:32] <wrbtrader> risky position size on this particular trade
[10:33:52] <Tigerman____> sh es 53.75
[10:35:02] <Tigerman____> exit 1/2 53.25 +2tk
[10:35:04] <werner> Shorts Emini NQ @ 4347.75
[10:35:08] <wrbtrader> always spooky to see Emini TF trying to push directional while Emini ES trying to develop a base
[10:35:21] <werner> Covered all Emini NQ Short @ 4345.50 --> + 2.25
[10:35:25] <Tigerman____> exit all @ 53.75 +0
[10:35:43] <wrbtrader> It's been spooking my out of trades early at a higher % than normal the past month
[10:36:44] <wrbtrader> Covered all Emini ES Short @ 2054.25 --> + 0.25
[10:36:52] <wrbtrader> trail pick pocketed
[10:38:08] <Tigerman____> sh TF 1109.7
[10:39:46] <Tigerman____> exit all @ 1110 -3 tk
[10:41:01] <lightenup1> Long ym 17599
[10:42:41] <wrbtrader> It sucks to see this much range with chop so early after the 0930am est regular session open
[10:46:37] <lightenup1> Flat YM 17616 +17 WRB point 2 reached 1 min
[10:46:50] <wrbtrader> Emini TF futures again barely above yesterday's close while other Emini futures nor really interested the challenge (enter) their regular session gap
[10:46:52] <werner> vn
[10:52:46] <Tigerman____> tt
[10:54:54] <Tigerman____> yeah ISP issue this time
[10:55:28] <Tigerman____> I mean this period of the day
[10:55:58] <Tigerman____> in contrast worked well till market open :(
[10:55:58] <Tigerman____> chat works
[10:56:37] <wrbtrader> Long Emini ES @ 2059.00 -> large size
[10:56:42] <Tigerman____> regardless I quit here
[10:56:43] <Tigerman____> take care see all next time
[10:56:45] <wrbtrader> 20 contracts
[10:57:39] <wrbtrader> I'm getting my WRB Analysis info from Emini TF futures on this trade in Emini ES
[10:58:11] <wrbtrader> always a big risk with their known growing correlation problems
[10:58:28] <wrbtrader> involving the movements in their volatility
[11:02:57] <irza> Long Emini ES @ 58.25
[11:03:22] <wrbtrader> We have not had one of those "all of a sudden" snapback price actions. I need to wastch this current price drop
[11:04:32] <werner> bbl
[11:05:17] <wrbtrader> Emini ES futures retesting the S area of its most recent Up WRB Hidden GAP interval 3min chart
[11:05:51] <irza> no good if we travel to 56
[11:05:56] <irza> we need to snap out here
[11:06:27] <wrbtrader> Its trying to use chop to get down further :(
[11:06:54] <wrbtrader> Exited all Emini ES Long @ 2057.50 --> - 1.5
[11:07:11] <irza> exit stop raised Emini ES @ 56
[11:09:12] <irza> Exited all Emini ES Long @ 57.25 --> - 1
[11:33:11] <irza> Shorts Emini ES @ 56.5
[11:33:24] <irza> last try
[11:44:41] <irza> Covered all Emini ES Short @ 57.5 --> - 1
[11:44:50] <irza> taking a break, too choppy
[11:44:57] <irza> no follow through
[11:51:38] <werner> back
[11:57:11] <wrbtrader> I just found out today that I'm a African American
[11:57:29] <wrbtrader> Last week I was Japanese
[11:57:39] <werner> lol
[11:57:45] <irza> lol
[11:57:52] <wrbtrader> Few years back I was a Nazi
[11:58:23] <wrbtrader> I've been called by traders even a Irish bastard
[12:08:01] <wrbtrader> I think the most common attack on me over the years is calling me a "socialist" or french frog
[12:08:27] <irza> u do so well managing on losses
[12:08:32] <irza> i need to work on that
[12:08:44] <irza> u wrong alot but the losses are tiny
[12:09:07] <irza> and people complain u don't have losing days lol
[12:09:09] <wrbtrader> Yeah, keep the losses small so that you have a chance to bounce back
[12:09:38] <wrbtrader> If the loss is too big...too much psychological pressure in trying to bounce back
[12:09:44] <irza> ya
[12:19:44] <wrbtrader> Shorts Emini ES @ 2055.00 -> large size
[12:19:56] <wrbtrader> 25 contracts
[12:20:48] <wrbtrader> stall in the volatility :(
[12:21:34] <irza> isnt alittle too late?...already on WRB pt4 via 2'
[12:21:34] <wrbtrader> this is where my experience level kicks in and its not about TA or rules
[12:21:40] <irza> ok
[12:22:17] <wrbtrader> Yes, it is late in the move
[12:22:47] <wrbtrader> I'm ok if the volatility can show up again without any chop
[12:23:24] <wrbtrader> Chop will bring out the Longs
[12:28:55] <wrbtrader> that prior big Down WRB HG interval is the problem here
[12:29:33] <wrbtrader> I have to be patient enough to wait for enough contraction and then wait for a volatility movement out of the contraction
[12:33:25] <wrbtrader> WRB pt1 reached
[12:33:35] <wrbtrader> now the hard part...the exit
[12:35:49] <wrbtrader> price action no longer reacting to the recent WRB HG interval
[12:36:09] <wrbtrader> I held for a possible pt2 but doesn't look like that's going to happen
[12:41:48] <wrbtrader> Covered Emini ES Short @ 2055.00 --> 0
[12:42:22] <wrbtrader> retesting the S area of that unfilled Down WRB HG interval
[12:42:44] <wrbtrader> feels like a sucker shake out
[12:43:06] <wrbtrader> I just couldn't hold it long enough to see if it starts another leg down
[12:47:42] <wrbtrader> Shorts Emini ES @ 2053.25 -> large size
[12:47:51] <wrbtrader> 10 contracts
[12:48:16] <wrbtrader> too risky to push more contracts now
[12:49:00] <wrbtrader> Volatility to range bound now
[12:49:25] <wrbtrader> snapback city when volatility gets range bound
[12:57:53] <wrbtrader> just saw what looked like strange misquotes and I did not get a fil
[12:58:03] <wrbtrader> maybe I'm seeing things
[12:58:18] <wrbtrader> WRB pt1 reached
[12:59:01] <wrbtrader> Covered all Emini ES Short @ 2052.00 --> + 1.25
[12:59:24] <wrbtrader> spooked out...maybe the prior trade too fresh in my head
[12:59:44] <wrbtrader> The what could have been :(
[13:50:33] <irza> Shorts Emini ES @ 53.25
[13:55:59] <irza> 2' WRB PT1 hit
[13:56:20] <irza> Covered 1/2 Emini ES Short @ 51 --> + 2.25
[13:57:43] <wrbtrader> Shorts Emini ES @ 2049.75 -> large size
[13:57:50] <wrbtrader> 10 contracts
[13:59:39] <wrbtrader> Covered all Emini ES Short @ 2048.75 --> + 1
[14:00:04] <irza> Covered all Emini ES Short @ 48 --> + 5.25
[14:00:10] <irza> done for the day
[14:00:12] <wrbtrader> very nice
[14:00:17] <irza> tx
[14:00:30] <mtntrader____> Nice trade irza
[14:00:36] <werner> vn irza
[14:00:49] <wrbtrader> That's the type of volatility spike that shakes the hornet nest big time
[14:01:20] <wrbtrader> These are the type of WRB Hidden GAP intervals I like the watch closely after their development
[14:02:04] <wrbtrader> Also, nice if you can catch a little bit before settling down with the price action afterwards
[14:02:43] <Stone9> nice trade Irza..
[14:03:02] <irza> thanks all
[14:06:57] <wrbtrader> irza...trades like that...when they occur more often...thats when you start having more light bulb moments and you then realize you can have more trades like that
[14:07:17] <wrbtrader> That's when the consistency begins to increase and the numbers begin to get bigger
[14:07:55] <wrbtrader> Then when someone comes along and say its impossible...you laugh
[14:08:23] <irza> yep
[14:08:25] <wrbtrader> Hi Stone9
[14:09:06] <wrbtrader> Usually its quiet in here around this time of day...
[14:09:34] <wrbtrader> Market slowly became more active in the mid-day trading session.
[14:09:39] <wrbtrader> That's unusual
[14:10:05] <irza> yea
[14:11:21] <Stone9> yeah afternoons usually slower.
[14:15:23] <irza> crazy 2'
[14:15:30] <irza> WRB HGs after one another
[14:15:32] <mtntrader____> I know what you're saying wrbtrader. It is tough to play price action in a trade when your entry is only a few ticks away. It leaves you with fewer options, for sure.
[14:16:40] <irza> 15' WRB HG
[14:16:50] <irza> could it be used as a WRB zone starting at 48?
[14:17:28] <wrbtrader> Shorts Emini ES @ 2043.50 -> large size
[14:17:40] <wrbtrader> 20 contracts
[14:18:51] <wrbtrader> Covered all Emini ES Short @ 2042.75 --> + 0.75
[14:19:38] <wrbtrader> problems getting short at 2044.75 (no fill) and again @ 2044.00
[14:21:18] <wrbtrader> a little fight showing up
[14:22:37] <wrbtrader> Shorts Emini ES @ 2041.00 -> large size
[14:22:51] <wrbtrader> 20 contracts
[14:23:14] <wrbtrader> intuition trade
[14:23:44] <wrbtrader> its because I smell a little blood now
[14:23:56] <wrbtrader> blood in the street
[14:24:05] <wrbtrader> old saying from the dot.com days
[14:24:13] <irza> gunning for weekly lows
[14:24:16] <irza> i mean prior week lows
[14:24:54] <wrbtrader> Covered all Emini ES Short @ 2041.00 --> 0
[14:25:07] <wrbtrader> :(
[14:25:49] <wrbtrader> Emini ES passed through a WRB Zone on the 15 min chart from Monday
[14:26:21] <wrbtrader> I got my charts a little mixed up reason why I did't trade the recent short properly
[14:27:00] <wrbtrader> Shorts Emini ES @ 2038.75 -> large size
[14:27:12] <wrbtrader> 20 contracts
[14:27:30] <wrbtrader> oh oh...some chop showing up
[14:28:27] <wrbtrader> Covered all Emini ES Short @ 2039.25 --> - 0.5
[14:28:55] <wrbtrader> Emini ES made a new low for the past few trading days
[14:29:18] <wrbtrader> -0.5 from 2041 entry :(
[14:29:31] <wrbtrader> trade mismanagement
[14:29:45] <wrbtrader> but at least the chop gave me the warning
[14:34:59] <wrbtrader> VIX should have easily spiked above 16 by now
[14:35:05] <wrbtrader> but it didn't :(
[14:35:24] <wrbtrader> Shorts Emini ES @ 2039.75 -> large size
[14:35:35] <wrbtrader> 20 contracts
[14:36:07] <wrbtrader> a little battle here
[14:38:31] <wrbtrader> Covered all Emini ES Short @ 2041.50 --> - 1.75
[14:41:02] <wrbtrader> Shorts Emini ES @ 2041.00 -> large size
[14:41:11] <wrbtrader> re-entry
[14:41:59] <wrbtrader> same price as the earlier problem trade that resulted as a BE
[14:44:26] <wrbtrader> Covered all Emini ES Short @ 2041.25 --> - 0.25
[14:45:08] <wrbtrader> Long Emini ES @ 2041.75 -> large size
[14:45:22] <wrbtrader> 20 contracts
[14:45:50] <wrbtrader> its getting tight in this area
[14:45:58] <wrbtrader> several ticks up and down and up
[14:50:10] <wrbtrader> Exited all Emini ES Long @ 2042.25 --> + 0.5
[14:50:15] <wrbtrader> :(
[14:51:14] <wrbtrader> Long Emini ES @ 2041.75 -> large size
[14:51:21] <wrbtrader> re-entry
[14:51:40] <wrbtrader> prior Long a pick pocket
[14:53:27] <wrbtrader> geeesh...more tight ranging in the volatility
[14:53:50] <wrbtrader> Exited all Emini ES Long @ 2041.00 --> - 0.75
[14:54:09] <wrbtrader> Shorts Emini ES @ 2040.75 -> large size
[14:54:24] <wrbtrader> ivolatility spike out of the range
[14:54:34] <wrbtrader> 20 contracts
[14:55:00] <wrbtrader> should be able to hold this trade for a little while in comparison to the prior trades
[14:55:25] <wrbtrader> shallow 2 tick WRB pt1 should up :(
[14:55:46] <wrbtrader> not what I expected
[14:56:09] <irza> Shorts Emini ES @ 40.5 -> small size
[14:58:19] <wrbtrader> snapback and it killed the corrlation
[14:58:53] <irza> Shorts Emini ES @ 41.5 -> Add
[14:59:05] <wrbtrader> Covered all Emini ES Short @ 2041.50 --> - 0.75
[14:59:40] <wrbtrader> Long Emini ES @ 2042.50 -> large size
[14:59:41] <irza> Covered all Emini ES Short @ 42.75 --> - 3.5
[14:59:59] <wrbtrader> snapback continuing (upwards)
[15:00:11] <irza> interesting
[15:00:27] <wrbtrader> If it can reach 2044...it should be able to run
[15:01:05] <irza> only wanted a new LL
[15:01:13] <wrbtrader> ES volatility just jumping all over the place right now
[15:02:33] <wrbtrader> its doing it again
[15:03:28] <wrbtrader> If this keeps up...I'll have a losing day
[15:04:23] <irza> u might get it
[15:04:24] <irza> 44
[15:04:49] <wrbtrader> Exited all Emini ES Long @ 2042.75 --> + 0.25
[15:05:37] <wrbtrader> Long Emini ES @ 2042.75 -> large size
[15:05:44] <wrbtrader> re-entry
[15:07:56] <wrbtrader> WRB pt1 reached
[15:10:21] <wrbtrader> Emini ES stalling...not trying to run
[15:10:42] <wrbtrader> Exited all Emini ES Long @ 2044.50 --> + 1.75
[15:10:57] <irza> nice
[15:11:54] <wrbtrader> It should have spiked above that R area WRB Zone I was watching after it enter its range
[15:23:14] <wrbtrader> Shorts Emini ES @ 2039.75 -> large size
[15:23:22] <wrbtrader> 10 contracts
[15:23:59] <wrbtrader> Its been choppy before in this area and my pushing some size here resultes weren't good
[15:24:12] <wrbtrader> reason why I've lowered my position size
[15:25:53] <irza> looking forward to a 4pm play :)
[15:27:50] <wrbtrader> crazy directional chop again
[15:28:59] <wrbtrader> Covered all Emini ES Short @ 2038.25 --> + 1.5
[15:29:41] <wrbtrader> That's the WRB pt1 price but I held it longer to see if it could get the energy and continue lower into a WRB pt2
[15:30:01] <wrbtrader> It tried but thact crazy chop showed up and pushed price back upwards
[15:35:05] <wrbtrader> Out of curiousity...to those that have read the WRB Analysis free study guide involving chapter 1 price action definitions and chapter 2 price action definitions...
[15:35:36] <wrbtrader> Did you feel the definitions were defined (rule base) or subjective ?
[15:37:00] <mtntrader____> Been a long time since I read them, but from what I recall there wasn't much ambiguity.
[15:37:26] <wrbtrader> Yeah...its a common complaint I get.
[15:37:42] <wrbtrader> Rules too strict and no room for error
[15:38:38] <wrbtrader> Yet, the good review was that chapters 1 and 2 are programmable for those that know how to do it.
[15:38:47] <Stone9> they are very well defined
[15:38:58] <wrbtrader> There's a few threads with people sharing the codes involving such
[15:39:02] <Stone9> i programmed hidden gap paintbar for TS
[15:39:28] <wrbtrader> Glad you mention that because I saw your message post about that
[15:39:40] <wrbtrader> What's the extension for ELD files ?
[15:39:59] <wrbtrader> I can set it up so that you can upload your ELD files
[15:40:14] <wrbtrader> Is it .eld ?
[15:40:17] <Stone9> yes
[15:40:22] <wrbtrader> Ok...thanks
[15:41:34] <mtntrader____> A paint bar for Ninja would be nice.
[15:43:07] <wrbtrader> Yeah, I may have to take a look into some of these files myself because today I had one costly trade simply because visually I saw something that really wasn't there
[15:44:39] <mtntrader____> A paintbar is a heck of an idea.
[15:47:31] <irza> there is one in ninja i used made by BobC
[15:48:19] <mtntrader____> Could it be found in the SL forum? Big Mikes?
[15:49:24] <irza> http://www.thestrategylab.com/tsl/forum ... cced44cf84
[15:50:03] <mtntrader____> Thanks irza
[15:50:12] <irza> np
[15:50:37] <mtntrader____> There are two different ones. Which one do you use?
[15:50:51] <mtntrader____> Rev1?
[15:51:14] <irza> bcHiddenGapNativeRev1
[15:51:25] <mtntrader____> Great
[15:51:40] <wrbtrader> irza...my schedule has been tight the past 2 months which is why I've been slow to post updates...I'm a volunteer football coach and hockey coach (no pay)
[15:51:42] <wrbtrader> :)
[15:52:04] <irza> all good mark
[15:52:09] <wrbtrader> I'll get that .eld extension setup tonight
[15:52:35] <wrbtrader> I got the last hockey game tonight with my one of my kids
[15:52:46] <wrbtrader> Will be glad when its over...I'm exhausted
[15:52:47] <irza> wish them luck
[15:53:09] <irza> and have fun
[15:53:10] <irza> hehe
[15:55:25] <wrbtrader> Long Emini ES @ 2042.75 -> large size
[15:55:40] <wrbtrader> 10+10 contracts
[15:56:42] <wrbtrader> luck of the Irish if the chop doesn't show up
[15:57:49] <wrbtrader> Harry Houdini into the 4pm est rush hour traffic
[15:58:54] <wrbtrader> Exited all Emini ES Long @ 2043.25 --> + 0.5
[15:59:14] <wrbtrader> it was a WRB pt1 but I wasn't faste enough to grab it
[15:59:36] <wrbtrader> I hesitated in thinking volatility will show up to move it higher
[16:00:14] <wrbtrader> Long Emini ES @ 2042.75 -> large size
[16:00:22] <wrbtrader> re-entry
[16:02:21] <irza> 4pm edge
[16:02:38] <wrbtrader> Exited all Emini ES Long @ 2042.75 --> 0
[16:03:28] <wrbtrader> Long Emini ES @ 2043.25 -> large size
[16:03:36] <wrbtrader> re-entry
[16:04:23] <wrbtrader> Prior trades didn't get what I wanted and it had some juice to do it
[16:05:00] <wrbtrader> Will be interesting to see what this declinging volatility can do that the rising volatility was not able to do because of the chop
[16:06:34] <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.
[16:11:19] <wrbtrader> Exited all Emini ES Long @ 2043.50 --> + 0.25
[16:11:25] <wrbtrader> :(
[16:11:36] <wrbtrader> Take care all and see all tomorrow
[16:11:44] <irza> likewise
Session Close: Wed May 18 00:00:01 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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