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 Post subject: May 25th Wednesday - Futures, Forex, Stocks and ETF
 Post Posted: Thu May 26, 2016 1:35 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:
052516-Key-Price-Action-Markets.png
052516-Key-Price-Action-Markets.png [ 1.13 MiB | Viewed 272 times ]


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

Session Start: Wed May 25 00:00:00 2016
Session Ident: ##TheStrategyLab
[09:23:04] * Attempting to rejoin channel ##TheStrategyLab
[09:23:09] * Rejoined channel ##TheStrategyLab
[09:23:09] * 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'
[09:23:09] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:23:10] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:23:39] <wrbtrader> Good morning all
[09:23:48] <irza> gm
[09:23:53] <mtntrader____> Morning
[09:40:20] <irza> Shorts Emini ES @ 84 -> small size
[09:45:30] <irza> Shorts Emini ES @ 86 -> Add
[09:46:59] <irza> exit stop raised Emini ES @ 88
[09:51:03] <wrbtrader> Wow...two consecutive big up gap day for the Emini futures regular session. I'll just sit and watch for awhile
[09:51:16] <irza> yea
[09:51:22] <Tigerman____> gm all
[09:51:28] <wrbtrader> Swing traders on the long side must be loving it
[09:51:36] <irza> yep
[09:51:47] <irza> size of gap about 8 pts
[09:51:55] <irza> from 4pm close to open
[09:52:04] <Tigerman____> in contrast shorters not so happy :)
[09:52:08] <irza> haha
[09:55:17] <Tigerman____> VIX under 14
[09:59:13] <Tigerman____> clear up trend till now
[10:01:25] <irza> oh well
[10:01:29] <irza> Covered all Emini ES Short @ 88 --> - 6
[10:03:06] <irza> should had started here
[10:03:29] <irza> my stop going to be HOD most likely lol
[10:03:41] <irza> will try again small size
[10:03:45] <wrbtrader> The only KME today that's remaining is the 1030am est EIA Crude Oil Inventories
[10:04:24] <irza> tx
[10:04:37] <irza> Cting rarely works
[10:04:47] <irza> may have to remove it from plan
[10:04:59] <wrbtrader> I think I'm going to wait until 1020am est before looking for trade signals unless this price action can retrace back down to the 2086 price area
[10:05:13] <irza> ya i was hoping for that
[10:05:25] <irza> magnet 77-81 area
[10:05:26] <mtntrader____> Cting ?
[10:07:00] <Tigerman____> tight action
[10:10:16] <irza> Cting as in countertrending
[10:15:44] <Tigerman____> lg spy 56
[10:15:52] <Tigerman____> 209.56
[10:16:14] <Tigerman____> exit all @ 209.57 +1 tk
[10:16:18] <mtntrader____> Ah, thanks irza.
[10:16:32] <Tigerman____> low vola I no expect a lot
[10:17:54] <Tigerman____> vola tight more every minute :(
[10:24:31] <wrbtrader> Be careful, this is the type of price action that can be very dangeous on the discipline
[10:24:47] <Tigerman____> yrs agreed
[10:25:03] <wrbtrader> We sit here getting bored and just "jump" on anything for fear of missing something
[10:25:17] <mtntrader____> Agree
[10:25:29] <Tigerman____> price rising and we feel impulse to enter
[10:26:02] <Tigerman____> I learned the lesson too well
[10:28:58] <wrbtrader> FYI - For those interested...I do have a "About" page about myself in care you're interesting in knowing a few personal things about myself and beliefs. Its not too revealing into private information but it does answer some questions for those curious.
[10:29:10] <wrbtrader> http://www.thestrategylab.com/About.htm
[10:29:49] <wrbtrader> I'm posting that link here because Google does spider that chat log heavily and that About.htm page has a low ranking at my site.
[10:30:10] <wrbtrader> Simply, I want it to have a higer ranking after Google spider the page
[10:31:41] <wrbtrader> Not much so far with this KME in Crude Oil CL futures
[10:32:24] <wrbtrader> except for the big spike that's just bouncing up and down within the KME interval (normal for Crude KME)
[10:32:32] <wrbtrader> Nothing out of the ordinary
[10:33:46] <wrbtrader> I'm watching Crude now mainly via the 3min chart
[10:39:53] <wrbtrader> Its been a long time since I've seen consecutive similar like trading days like this...
[10:40:27] <wrbtrader> Some trader do very good in these types of trading conditions...I'm not one of them which is why I do a lot of watching instead of trading
[10:42:34] <wrbtrader> For some odd reason, I've been getting hit with a ton of junk mail from brokers, chart vendors, computer sites that makes workstations and even tons of contact requests on twitter and stocktwits :(
[10:43:19] <wrbtrader> One in particular is interesting because I'll soon go to a "standing workstation" (no more sitting down)
[10:43:47] <wrbtrader> I recommend you guys take a look into such...standing up trading.
[10:43:52] <irza> nice, which company did u order from for the standing workstation?
[10:43:55] <wrbtrader> Its very healthy for the body
[10:44:00] <irza> agree
[10:44:28] <wrbtrader> I'm not going to mention it because I don't believe in promoting anything I use in here just in case someone isn't happy after they use it :)
[10:44:41] <irza> send me a pm
[10:44:43] <wrbtrader> Yet, many of them out there that make similar like products
[10:44:44] <irza> of company please
[10:44:49] <irza> i'm interested
[10:46:49] <Tigerman____> hi wrbtrader many thanks for the About link
[10:47:55] <Tigerman____> what I can say... wow
[10:48:24] <Tigerman____> I not finish to read it all but your way to conduct business is great
[10:49:38] <Tigerman____> just sad many bed people cause so many attack and problems to you and your exeptional work
[10:50:14] <Tigerman____> Disclamier : I not earn a penny for my kind words :)
[10:53:34] <wrbtrader> Its part of the social media life...nothing different than crap we hear about on twitter, facebook or weird sites in people saying, stalking and harassing others
[10:54:22] <wrbtrader> One of my kids has an Xbox subscription and he's heavily into Minecraft...
[10:54:28] <Tigerman____> yeah infact I tend avoid social forum as hell
[10:54:48] <wrbtrader> I took a closer look at some of the "live chat" he could here on Xbox...
[10:54:53] <Tigerman____> apart some few
[10:54:55] <wrbtrader> I was shocked.
[10:55:36] <wrbtrader> Kids sounding like they were 10 or 12 making commentary like some adult criminal with profanity lace language
[10:56:21] <wrbtrader> I had to put parental control on his Xbox to prevent him from listening or having conversations with those types of kids on Minecraft
[10:56:24] <wrbtrader> Crazy
[10:57:04] <wrbtrader> and scary
[10:57:15] <Tigerman____> simply needs very good parents to survive in this jungle
[10:58:03] <wrbtrader> Time for lunch...I'm doing that special Wednesday lunch today with the kids.
[10:58:27] <wrbtrader> Too bad the Eminis didn't have a decent reaction to the EIA report :(
[10:58:31] <wrbtrader> Be back later
[10:58:39] <irza> nice enjoy
[10:58:43] <Tigerman____> ok c u
[11:15:09] <Tigerman____> wow I missed a valid short here
[11:15:23] <Tigerman____> simply I m distracted
[11:15:39] <Tigerman____> watching live tennis from paris
[11:43:34] <Tigerman____> take care all see next time
[11:58:38] <trader1453> long es 8775
[12:20:26] <irza> Shorts Emini ES @ 87
[12:21:02] <wrbtrader> You're going to notice that on trading days like today...the discussions are low here, on twitter and stocktwits by traders
[12:21:18] <irza> probably because so many trapped traders
[12:21:22] <irza> everyone in shock
[12:21:55] <wrbtrader> Yeah...its always weird to see how the price action like this impacts market discussions
[12:23:15] <irza> i was trapped in the morning for sure lol
[12:24:05] <wrbtrader> Emini ES futures on the 2min chart is currently retesting the R area of the 0950am - 0952am est Up WRB Hidden GAP interval
[12:24:29] <wrbtrader> I missed that interval as a trade to the Long side around 0953am est
[12:24:42] <wrbtrader> I couldn't find a WRB Zone for it until it was too late
[12:26:06] <werner> hi all
[12:36:26] <wrbtrader> Hi werner
[12:39:05] <irza> Covered all Emini ES Short @ 87 --> 0
[12:57:30] <irza> hello werner
[12:57:38] <irza> tough day so far
[12:57:47] <irza> don't see much clarity
[13:01:51] <mtntrader____> Long ES 2088.50
[13:02:45] <werner> sorry was outdoor ...hi wrbtrader, irza,mtntrader
[13:04:29] <trader1453> out +3
[13:07:42] <mtntrader____> Covered half at 2091.00, +2.5
[13:14:12] <mtntrader____> Covered balance at 2090.00, +1.5
[13:15:25] <mtntrader____> Pick pocketed :'-(
[13:22:51] <irza> 1hr wrb r/s zone still holding
[13:23:13] <irza> didn't play it correctly
[13:39:12] <wrbtrader> Emini TF futures retesting the S area of its most recent Up WRB Hidden GAP interval 2min cahrt
[13:39:17] <wrbtrader> chart
[13:48:06] <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.
[13:48:56] <wrbtrader> I'll be ready to trade around 2:30pm est and I hope the market is not in the current price action behavior because it sucks
[13:50:10] <werner> Shorts Emini NQ @ 4483.75
[13:54:15] <werner> Covered all Emini NQ Short @ 4485.25 --> - 1.5
[13:57:58] <werner> brb
[14:11:35] <werner> back
[14:20:00] <werner> a nice tool....http://market24hclock.com/
[14:21:05] <wrbtrader> Thanx
[14:23:59] <werner> :)
[14:25:52] <werner> Long Emini NQ @ 4479.75
[14:29:29] <werner> Exited all Emini NQ Long @ 4481.25 --> + 1.5
[14:33:09] <werner> Shorts Emini NQ @ 4478.25
[14:35:07] <TradeSnake______> Long YM @ 17850
[14:35:26] <werner> Covered all Emini NQ Short @ 4480.25 --> - 2
[14:36:54] <werner> Long Emini NQ @ 4481.00
[14:38:09] <werner> Exited all Emini NQ Long @ 4483.00 --> + 2
[14:38:19] <werner> pff
[14:39:06] <wrbtrader> Crude Oil CL futures moving up nicely
[14:41:35] <TradeSnake______> Covered YM @ 17849 --> -1
[14:51:11] <werner> Shorts Emini NQ @ 4478.00
[14:53:06] <werner> Covered all Emini NQ Short @ 4472.75 --> + 5.25
[15:07:00] <werner> Shorts Emini NQ @ 4470.00
[15:09:14] <werner> Covered all Emini NQ Short @ 4471.00 --> - 1
[15:10:39] <werner> mmm
[15:11:09] <werner> very nice sup here at nq
[15:11:43] <werner> ....lets see
[15:16:51] <werner> Long Emini NQ @ 4472.00
[15:19:17] <werner> Exited all Emini NQ Long @ 4474.50 --> + 2.5
[15:19:33] <werner> wrb pt 1
[15:29:50] <wrbtrader> Long Emini ES @ 2092.00 -> large size
[15:29:59] <wrbtrader> 10 contracts
[15:36:00] <wrbtrader> Exited all Emini ES Long @ 2091.00 --> - 1
[15:41:58] <wrbtrader> The entire range of the mnost recent Up WRB Hidden GAP interval in Emini ES futures has been retraced
[15:46:44] <wrbtrader> Shorts Emini ES @ 2088.50 -> large size
[15:46:52] <wrbtrader> 10 contracts
[15:48:10] <wrbtrader> ##TheStrategyLab Purpose -> -This chat room is for YOU to use as a daily journal of your thoughts or trades involving any key concept from the WRB Analysis free study guide. If you're in here and NOT talking about WRBs, WRB Hidden GAPs, key market events, swing point price actions, strong continuation price actions, WRB Zones...you are not properly using this chat room. Also, you risk being permanently BANNED (no exceptions) if you consistently log into ##TheStrategyLab and you do not discuss anything related to the WRB Analysis free study guide.
[15:48:45] <wrbtrader> Price action on the 15min chart looks ugly
[15:50:17] <wrbtrader> Covered all Emini ES Short @ 2088.25 --> + 0.25
[15:51:41] <wrbtrader> Eminis ES still inside the range of a prior missed trade signal that I'm using as a WRB Zone (tutorial chapter 3)
[15:54:25] <wrbtrader> Shorts Emini ES @ 2088.00 -> large size
[15:54:36] <wrbtrader> re-entry
[15:57:54] <wrbtrader> Emini ES futures tested the R area of the prior missed trade signal
[16:00:24] <wrbtrader> Covered all Emini ES Short @ 2087.00 --> + 1
[16:00:45] <wrbtrader> WRB pt1 reached on the 4pm est rush hour spike
[16:01:17] <wrbtrader> didn't think it would hit it because it was stuck inside that WRB Zone
[16:01:36] <wrbtrader> back there again now
[16:05:11] <wrbtrader> Shorts Emini ES @ 2087.75 -> large size
[16:05:19] <wrbtrader> 10 contracts
[16:05:21] <wrbtrader> re-entry
[16:09:21] <wrbtrader> Emini ES climbed back up into the range of that chapter 3 WRB Zone
[16:12:01] <wrbtrader> geeesh :(
[16:13:41] <wrbtrader> Emini TF futures stuck too
[16:14:15] <wrbtrader> I think they fell asleep :)
[16:15:00] <wrbtrader> Covered all Emini ES Short @ 2087.50 --> + 0.25
[16:15:34] <wrbtrader> I didn't want to hang around to see if this "drifted down" after the maintenance period.
[16:15:49] <wrbtrader> Not much of a trading day...very similar to yesterday
[16:16:09] <wrbtrader> The regular session gaps have been the real movement
[16:16:31] <wrbtrader> Now we have open gaps and will be interesting to see if this gaps down at the open tomorrow
[16:16:52] <wrbtrader> If it gaps upwards again, I'm going Long
[16:17:33] <wrbtrader> With this much contraction for two days, we'll see better volatility tomorrow
[16:17:41] <wrbtrader> Take care all and see all tomorrow

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

##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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