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 Post subject: June 7th Tuesday - Futures, Forex, Stocks and ETF
 Post Posted: Wed Jun 08, 2016 7:11 am 
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##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:
060716-Key-Price-Action-Markets.png
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click on the above image to view today's price action of key markets

Session Start: Tue Jun 07 09:31:08 2016
Session Ident: ##TheStrategyLab
[09:31:08] * Now talking in ##TheStrategyLab
[09:31:08] * 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'
[09:31:08] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:31:09] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:37:52] <wrbtrader> Good morning all, we've had some big overnight price movements that has retraced too
[09:38:01] <wrbtrader> That's a lot of volatility
[09:38:49] <Tigerman____> gm all
[09:39:02] <Tigerman____> yeah big move in EU session
[09:39:31] <Tigerman____> it retraced the down move after bed job data last friday
[09:42:15] <Tigerman____> Spx now at his high from mid summer last year
[09:42:44] <Tigerman____> hard to put fresh money now
[09:42:52] <Tigerman____> for long term investors
[09:44:14] <Tigerman____> Nq is weak vs others
[09:47:33] <wrbtrader> Emini TF futures dumped
[09:47:54] <Tigerman____> yeah seems more tied with Nq
[09:52:11] <werner> gm all
[09:52:34] <Tigerman____> lg spy 76
[09:53:51] <Tigerman____> exit 2/3 @ 77 +1 t
[09:54:05] <Tigerman____> exit all rem @ 76 +0
[09:55:37] <Tigerman____> snake action now
[09:55:41] <Tigerman____> good x loss
[09:56:58] <wrbtrader> What a crappy start to the trading day after the nice big up movement and then down movement in the overnight trading session :(
[09:57:23] <werner> :(
[10:02:19] <mtntrader____> It would be good if the TF and ES could get on the same page.
[10:02:52] <werner> Long Emini NQ @ 4529.50
[10:04:51] <werner> Exited all Emini NQ Long @ 4531.00 --> + 1.5
[10:05:11] <werner> wrb pt 1 2min
[10:19:47] <Tigerman____> boring session
[10:20:05] <wrbtrader> That makes it a dangerous trading session too
[10:20:31] <Tigerman____> I switch to Stuttgsart Atp 250 Tennis
[10:20:47] <Tigerman____> Now it s raining....
[10:21:04] <Tigerman____> suspended
[10:21:11] <wrbtrader> Tigerman, you subscribing to some kind'uv "tennis sportsnet" ?
[10:21:43] <Tigerman____> Yeah Eurosportnews via fiber
[10:21:54] <wrbtrader> Ahhh...ok
[10:22:20] <Tigerman____> I pay direct to a France account
[10:22:29] <Tigerman____> you should be happy :)
[10:23:35] <Tigerman____> this is a grass tournament just to warm up before Wimbledon
[10:24:20] <Tigerman____> seems also this year they do not call me to play wimbledon :))
[10:25:21] <Tigerman____> 04 :19 : 45 <wrbtrader> That makes it a dangerous trading session too yeah this is a big alert to be careful
[10:25:43] <Tigerman____> I loss a lot in similar enviroment
[10:26:15] <werner> mark do you have a favorit sport?
[10:26:16] <Tigerman____> I learned the lesson
[10:30:09] <werner> red bull crashed ice quebec ?
[10:40:44] <wrbtrader> werner...not really
[10:40:52] <wrbtrader> No favorites
[10:41:07] <werner> hihi ok :)
[10:43:08] <werner> ..bbl
[10:45:28] <wrbtrader> Not sure if anyone noticed the MELT UP in the futures since the lows of Tuesday
[10:45:34] <wrbtrader> very impressive
[10:45:49] <wrbtrader> Emini ES futures up like +49 points
[10:46:43] <wrbtrader> I've only met one day trader that did something like that
[10:46:53] <wrbtrader> He even had a live video of the trade
[10:47:26] <wrbtrader> Yet, he's most famously known for another live video that went disaster against him and he had a mega tempter tantrum
[10:47:37] <wrbtrader> posted on Youtube
[10:47:56] <wrbtrader> I think that link has been reposted a million times :)
[10:48:14] <wrbtrader> It happen during the dot com collapse
[10:48:25] <wrbtrader> or soon after
[10:49:10] <wrbtrader> Sorry...my comments wasn't about the most recent Tuesday
[10:49:18] <wrbtrader> Meant several Tuesday's ago
[10:49:19] <mtntrader____> Can you share the link?
[10:49:41] <wrbtrader> Let me see if I can find it
[10:56:01] <wrbtrader> His user name on Youtube was "highprobabilty" or something like that
[10:59:04] <mtntrader____> Ok, I will search for it. Thx
[11:00:36] <wrbtrader> I couldn't find it on Youtube but I do have a downloaded copy :)
[11:00:44] <wrbtrader> I'm uploading it now to the free forum
[11:03:43] <mtntrader____> Cool
[11:04:50] <wrbtrader> I just posted it here but had some problems @ http://www.thestrategylab.com/tsl/forum ... =72&t=3173
[11:06:09] <wrbtrader> Its posted in the Trader Psychology section
[11:07:31] <wrbtrader> He use to post live videos of EVERYTHING in his life...
[11:07:42] <wrbtrader> even going on dates with girls
[11:07:58] <wrbtrader> But that big losing trading day...ended all of his videos
[11:08:28] <wrbtrader> He had a melt down like something I never witness before
[11:09:34] <wrbtrader> I remember when that trade was only minus 3k and I saw other traders tell him to dump the position.
[11:09:49] <wrbtrader> He would not and at a 3k loss it was his biggest loss at the time
[11:10:19] <wrbtrader> In the video...he held it over the weekend and when it open Sunday evening...it wa -25k
[11:10:57] <mtntrader____> Oh, probably painful to watch. Worst nightmare ever...
[11:10:58] <wrbtrader> That's when I decided I would never swing trade the Eminis and hold the position trade over the weekend :)
[11:12:47] <wrbtrader> Its a 6min video but the original video is about 20 minutes
[11:14:41] <wrbtrader> In the 20 minute video he destroys the room he's in...chairs flying, printer flying and other things you can hear crashing into the wall out of sight in the video
[11:14:43] <wrbtrader> :(
[11:15:29] <wrbtrader> I learned a lot from that video about "freezing in a losing trade"
[11:15:47] <wrbtrader> I also learned a lot about the importance of stop/loss protection
[11:19:36] <Tigerman____> 05 :15 : 08 <wrbtrader> I learned a lot from that video about "freezing in a losing trade" yeah freezing in a loss is a big problem for most traders
[11:20:10] <Tigerman____> expecially if you do swing or long term
[11:20:27] <Tigerman____> I survived all of them :)
[11:21:33] <Tigerman____> seriosly that events put a BIG risk on your life guys
[11:22:30] <Tigerman____> simply is not x everyone
[11:22:46] <wrbtrader> Yeah...no disagreement
[11:22:56] <wrbtrader> Trading will attack any weakness you have
[11:23:39] <werner> yep
[11:24:05] <werner> so stay away from that crap
[11:25:36] <werner> and try to make money every day if not so be it and never go overninght
[11:25:49] <mtntrader____> I occassionally hold trades overnight, but only with a stop in place and only small size.
[11:25:58] <wrbtrader> same here
[11:26:08] <Tigerman____> werner....the issue is not the overnight
[11:26:33] <wrbtrader> Before that highprobability guy had his big losing trade...
[11:26:49] <werner> [17:09] <wrbtrader> In the video...he held it over the weekend and when it open Sunday evening...it wa -25k
[11:26:58] <Tigerman____> is how we face the loss and how we manage trades and rsk overall
[11:27:05] <wrbtrader> I had an overnight 25 contract Emini ES trade over the weekend as a Short position
[11:27:37] <wrbtrader> The Friday close I was like +2 points on the position and there was no schedule KME over the weekend...
[11:28:20] <wrbtrader> Then there was some breaking good news out of Europe on Saturday...
[11:28:41] <wrbtrader> When the markets open the Sunday evening...I was -18 points
[11:29:11] <wrbtrader> Talk about a heart attack
[11:29:20] <werner> ok for me its today ...and tomorrow is another day..sleep well
[11:29:49] <mtntrader____> Ah, the coronary trade...
[11:30:04] <wrbtrader> Then it just slowly retraced all Sunday night into Monday's opening.
[11:30:09] <wrbtrader> I couldn't believe it
[11:30:44] <wrbtrader> Then the Monday regular session open and I covered that Short position for a +3 points
[11:30:53] <wrbtrader> Then guess what...
[11:31:10] <wrbtrader> As soon as I cover that Short...it dropped another 35 points
[11:31:35] <wrbtrader> I was so shaken up...I didn't trade for the rest of the week
[11:31:44] <mtntrader____> Ha
[11:31:50] <werner> see
[11:32:00] <werner> that overnight
[11:33:39] <wrbtrader> I learned anything can happen over the weekend involving what's going on in the world
[11:34:34] <wrbtrader> Eminis slowly creeping higher with NO zone up there
[11:34:48] <wrbtrader> This must be some kind'uv yearly highs
[11:35:04] <wrbtrader> nope
[11:35:19] <TradeSnake______> Long YM @ 17986
[11:35:36] <wrbtrader> Meant YES
[11:35:42] <wrbtrader> It is a yearly high
[11:35:44] <Tigerman____> 05 :33 : 19 <wrbtrader> I learned anything can happen over the weekend involving what's going on in the world I add everything can happen ANYtime
[11:36:06] <wrbtrader> 2132.25 is the 2 year high
[11:36:20] <Tigerman____> I was trading when Swiis exited peg with Euro
[11:36:36] <wrbtrader> what happen ?
[11:36:48] <wrbtrader> I knew a highly successful trader go belly up during that time
[11:36:54] <wrbtrader> Wiped him out
[11:37:21] <Tigerman____> in that second all my quotes in Euro/Chf Eur/usd jumped in BIG hole no quotes !!!
[11:37:48] <werner> in the weekend i will enjoy with my fam...and not think abought te markets :((
[11:38:35] <Cayden> if you are going to hold overnight-best be a short- great news moves it what the 18 points you experienced- but bad news- well- there can be bigger moves to the down side in my opinion.
[11:38:37] <Tigerman____> I remember I thought Greek exited Euro
[11:38:49] <werner> enjoy horse racing and mx racing here
[11:38:55] <Tigerman____> many brokers did Bankrupt
[11:39:17] <Tigerman____> some loss more then 200 milions $
[11:39:52] <werner> no exit greek
[11:40:44] <Tigerman____> yeah the screen was crazy that day
[11:40:45] <werner> its still in the euro zone
[11:41:37] <Tigerman____> yeah I said I thought simple past
[11:42:01] <Tigerman____> the only reason I had x the BIG crash
[11:42:13] <Tigerman____> ah btw Dax crashed too
[11:42:22] <wrbtrader> bad news to the downside almost always has more volatility than good news to the upside
[11:42:22] <Tigerman____> I got some points from that
[11:42:33] <wrbtrader> Its a psychological thing in the markets
[11:42:41] <werner> yep
[11:43:10] <TradeSnake______> Covered YM @ 17981 --> -5
[11:43:12] <Tigerman____> wrbtrader.... in that Euro/Chf crash a traders has no defence
[11:43:15] <werner> so stay focus at ta
[11:43:41] <Tigerman____> few seconds and a trader is done
[11:43:52] <Cayden> thanks
[11:44:18] <Tigerman____> curiously bank of Swiss tell few days before they do not remove the Peg :((
[11:45:07] <wrbtrader> One thing about the banks...when things go bad...the volatility is coming to the door
[11:45:09] <Tigerman____> maybe they was afraid of Euro fall and prefered remove the peg
[11:45:27] <Tigerman____> pssss. I suspect some did insidere trading on that
[11:45:53] <Tigerman____> someone know when that occurs
[11:46:09] <wrbtrader> Emini ES futures has creeped back upwards into the range of a Down WRB Hidden GAP interval on the 1min chart
[11:47:13] <wrbtrader> Another problem with today's price action is that the Eminis aren't insync with each other's volatility movements :(
[11:47:28] <werner> :) do not listen at that and try to trade intraday
[11:47:54] <werner> tigerman
[11:47:59] <Tigerman____> ??
[11:48:00] <mtntrader____> I agree, wrbtrader. The NQ is quite weak today.
[11:48:25] <Tigerman____> that crash occured intraday werner
[11:48:36] <Tigerman____> in forex market
[11:49:05] <werner> ok sorry i dont see that
[11:49:08] <Tigerman____> daytrading is NOT safer that overnight
[11:49:22] <Tigerman____> of course is better to manage positions
[11:49:41] <Tigerman____> simply ANYTHING can happen
[11:49:55] <werner> daytrading is safer....
[11:50:20] <werner> afther 20 years + i know that
[11:51:59] <Tigerman____> it is different not safer
[11:52:08] <wrbtrader> stocks don't have any overnight info
[11:52:17] <wrbtrader> News break overnight about a stock...
[11:52:27] <Tigerman____> you Never know what will hapen next
[11:52:42] <wrbtrader> The next day it can easily jump over your stop protection
[11:52:46] <Tigerman____> I understand the point infact I daytrade
[11:53:13] <Tigerman____> but a Big issue can occur anytime
[11:53:34] <Tigerman____> wrbtrader... you know my biggest Fera ?
[11:53:41] <Tigerman____> fear
[11:53:55] <wrbtrader> no...what is it
[11:54:00] <Tigerman____> a market halted with a position taken
[11:54:20] <Tigerman____> halted for BIG world event
[11:54:21] <wrbtrader> Ahhh
[11:54:57] <Tigerman____> 1) you have to be sure the level you entered and the exposure
[11:55:36] <wrbtrader> My biggest fear is that I log into my account and it shows ZERO dollars...someone cleaned me out (identity theft or hacker) and my broker doesn't have any clues.
[11:55:36] <Tigerman____> 2) you have to look x some hedging in another market
[11:56:19] <Tigerman____> 3) if not possible the Hedge and markets open with BIG gap is an issue
[11:56:26] <werner> ...focus on the market now ...mist the short
[11:56:36] <werner> grr
[11:56:57] <wrbtrader> Yeah, I think the key to protection while swing trading is hedging or diversification
[11:57:07] <wrbtrader> maybe both
[11:57:32] <Tigerman____> yeah but I talk also for a position in intraday
[11:57:59] <wrbtrader> I use to diversify and trade multiple different trading instruments as a day trader
[11:58:15] <Tigerman____> market halt and when exchange re-open one trader is down -7% x example
[11:58:16] <wrbtrader> Hardest work I've ever done and extremely stressful
[11:58:21] <wrbtrader> I'll never do it again
[11:58:22] <Cayden> my biggest fear- any time i am LONG- is an event worse than fat finger friday occur and the market moves past my stop and takes all my physical assets and I cant even afford a sharpie and a cardboard sign
[11:59:08] <mtntrader____> I just watched the 6 minute video. Painful to watch.
[11:59:25] <Tigerman____> so in a 30pz ES one is down -210K usd$
[11:59:26] <werner> skip it
[11:59:56] <werner> trade what you see
[11:59:58] <Tigerman____> do you understand my point wrbtrader and everyone ?
[12:00:59] <werner> no not my thing
[12:01:04] <Cayden> so my back up plan- I have already made out my sign- It reads 'Spaceship Broke, need parts'.
[12:02:27] <Tigerman____> werner ... what do you mean
[12:02:35] <werner> look at the price action an trade it ...if you have a los take it and try agian
[12:03:23] <Tigerman____> ????
[12:03:56] <Tigerman____> I talk a different thing
[12:04:05] <wrbtrader> Cayde :)
[12:04:10] <wrbtrader> [11:59:58] <Tigerman____> do you understand my point wrbtrader and everyone ?
[12:04:14] <wrbtrader> Yeah, I understand
[12:04:20] <Tigerman____> good :)
[12:04:42] <TradeSnake______> I got ya Tiger...
[12:05:06] <wrbtrader> [11:59:08] <mtntrader____> I just watched the 6 minute video. Painful to watch.
[12:05:36] <wrbtrader> Yeah, it reminded me of how I froze in my Emini trade when I was -18 and held
[12:05:52] <wrbtrader> I got lucky and escaped with a small profit when it retraced
[12:06:17] <wrbtrader> It could have easily gone up another 10 points and most likely I would have still been frozen in that position
[12:06:56] <mtntrader____> Part of the plan has to be to keep calm in the face of the problem. The guy in the video was way over his head and unable to think rationally.
[12:07:06] <wrbtrader> Crazy how our emotions suddenly grabs us and we feel hopeless to the point we can not "react properly"
[12:07:12] <TradeSnake______> No stops in place wrbtrader?
[12:07:25] <wrbtrader> TraderSnake
[12:07:31] <wrbtrader> no stop was in place :(
[12:07:41] <wrbtrader> That's when I started using stops after that trade
[12:08:02] <mtntrader____> Ha, you got that lesson on the cheap.
[12:08:15] <wrbtrader> exactly
[12:08:47] <wrbtrader> and that guy Highprobability ensure I learned that lesson well
[12:09:57] <Cayden> for stock traders- one thought that made sense to me was to pair up your position with another company- a cloesly correlated company- so that if one gets the bad news the other protects you a little- just a thought
[12:12:44] <Cayden> wrbtrader? Have you been monitoring The TF? with the VIX nosing below 14 and 'happy days are here again'- Does the TF voiltility look any better than The ES?
[12:17:37] <werner> bll
[12:17:46] <werner> bbl
[12:17:52] <wrbtrader> Yes, the TF volatility is better than the ES...
[12:18:35] <wrbtrader> The problem is that Emini TF futures volatility comes out of nowhere too often while others are having the same volatility
[12:19:04] <wrbtrader> That's the main reason why I have not switch back to trading the Emini TF from ES
[12:20:29] <wrbtrader> I know that Emini TF is going back to the CME...ICE is selling it back
[12:21:05] <wrbtrader> Maybe things (like liquidity on size) will improve again for the Emini TF futures like it was in the old days
[12:21:10] <wrbtrader> Only time will tell
[12:22:42] <Cayden> yeah- i haven't been comparing the TF- what I recall though you would get oo The TF in direction and volitility isolated from the rest of the market. It was lioke you had your own private money tree.
[12:24:05] <wrbtrader> Yeah, thats really the meaning behind the phrase that "strategies don't work forever"
[12:24:24] <wrbtrader> The issue is that something fundamentally changes in the markets to take away an edge you have
[12:24:40] <wrbtrader> I lost a big edge when CME sold Emini TF to the ICE exchange
[12:25:21] <mtntrader____> Interesting, I hadn't heard about the TF going back to the CME. That is very good news. When is it supposed to happen?
[12:25:58] <wrbtrader> someone gave me the link once and it was to a news announcement at the ICE exchange
[12:26:23] <wrbtrader> Funny, it was just a small paragraph by ICE as if it was not any important news at all
[12:26:40] <wrbtrader> I can't remember the date the switch is suppose to occur
[12:26:44] <wrbtrader> I think this fall
[12:27:54] <mtntrader____> Hmmm... I am looking on the ICE site now. Haven't found it yet.
[12:28:04] <werner> diner here ...bbl
[12:28:22] <wrbtrader> The link was posted at Elitetrader.com by someone in a reply to me
[12:29:04] <wrbtrader> I found it
[12:29:10] <Cayden> That is good news about ICE and the CME- i am so cheap- OK it's more than just cheap- but the idea to pay $100 to ICE is simply - well- OK- I'm cheap!
[12:29:13] <wrbtrader> http://www.elitetrader.com/et/index.php ... st-4271900
[12:29:37] <wrbtrader> Q3 2017
[12:31:22] <mtntrader____> Yes, I just found it on the CMEgroup site, too. Really good news. The volume should go way up at the CME.
[12:32:10] <wrbtrader> If you monitor Emini TF closely...
[12:32:22] <mtntrader____> I agree with you Cayden, I would just as soon save the $117 per month that I have paid the past few months.
[12:32:52] <wrbtrader> It does a ton of 1 contract trades often at the same price consecutive...
[12:32:57] <wrbtrader> That's algo trading
[12:33:07] <wrbtrader> not retail or very little retail
[12:42:23] <Tigerman____> yeah not so strong day
[12:42:46] <Tigerman____> just tick higher ata slow pace
[12:43:12] <Tigerman____> good to order things and do some shopping
[12:43:20] <Cayden> looks likw we are getting some buying here- price not moving too much to the up side- maybe we get a move down here
[12:43:31] <Tigerman____> so at the end always money left my pocket
[12:44:03] <wrbtrader> Cayden...its days like today without the WRB Zones up in this area of new highs that Order Flow info should be useful
[12:44:23] <Tigerman____> only with a loss money is gone ... with shopping the item stay :)
[12:45:27] <Tigerman____> 06 :43 : 43 <wrbtrader> Cayden...its days like today without the WRB Zones up in this area of new highs that Order Flow info should be useful wrbtrader do you mean T%S info ?
[12:45:45] <Cayden> theres 2600 orders on the ES at 18- might even be real orders.
[12:46:54] <wrbtrader> bid/ask and T&S
[12:47:21] <Cayden> price being obsorbed up here
[12:47:30] <wrbtrader> although i'm fully aware of the algo games on bid/ask
[12:47:38] <Tigerman____> ok just a lot of spoofing outthere
[12:48:01] <Tigerman____> I no trust a lot on that
[12:48:09] <wrbtrader> Institutional firms play the games with their algos on the bid/ask...no problem
[12:48:11] <Cayden> yep
[12:48:16] <Tigerman____> in contrast when a real sale is printeed is better
[12:48:22] <wrbtrader> Retail algo trader doing the same...he/she gets arrested
[12:48:54] <Tigerman____> yeah the Uk trader I lost his news montyhs ago
[12:49:39] <Tigerman____> in ES is difficult spot things out too many orders
[12:49:49] <wrbtrader> Yeah, the UK guy was high profile but he made his own case much worst when the SEC or FINRA called him to tell him what they suspected...
[12:49:55] <wrbtrader> His reply is famous...
[12:49:59] <Tigerman____> in contrast seems a better pictures in Dax x example
[12:50:01] <wrbtrader> "You can kiss my ass"
[12:50:06] <Tigerman____> yeah
[12:50:16] <wrbtrader> That's when when they really went after him :)
[12:50:32] <Tigerman____> yeah very silly move
[12:50:48] <Cayden> yeah- I have the hardes time understanding 'more buyers verse more sellers' when its a zero sum deal.
[12:50:52] <Tigerman____> he was sitting on a fortune
[12:51:11] <Tigerman____> his arrogance ruin anything
[12:51:26] <wrbtrader> Making millions out of his flat (apartment)
[12:51:43] <wrbtrader> He didn't live the life of a millionaire...old used car too
[12:51:53] <wrbtrader> He just wanted to beat the market
[12:52:07] <Tigerman____> yeah at start I was thinking was a scam
[12:52:34] <wrbtrader> Did it well for many years and then he caused that "flash crash"
[12:53:02] <wrbtrader> That's what alert the SEC...that flash crash
[12:53:23] <wrbtrader> That wiped out billions of dollars
[12:53:45] <wrbtrader> somebody has to pay for something like that...
[12:53:53] <wrbtrader> Lets go get the retail trader :)
[12:54:30] <wrbtrader> We'll leave the institutional trading firms alone...they have the resources to fight back :(
[12:55:16] <Tigerman____> simply Big folks are too big to fail and too big to fight :)
[12:55:44] <wrbtrader> I hope more retail traders start using algorithm trading
[12:56:25] <wrbtrader> Maybe then the SEC will pay attention to all those special priviledges that institutions get and make some changes to even the playing ground
[12:56:34] <Tigerman____> this is a complicate area wrbtrader
[12:57:15] <Tigerman____> seems to me algo is off retailers
[12:57:52] <Tigerman____> I mean as you know reatilers needs more elements works toghether
[12:57:57] <wrbtrader> More retail traders this year alone have become algo traders than all the past 5 years put together
[12:58:19] <wrbtrader> Its a growing area but slowly and only those with the money and resources can get into it
[12:58:24] <Tigerman____> so it sounds to me how can be done x retail
[12:58:51] <wrbtrader> Most of them prior quant traders that quit their jobs at institutions to trade their own money
[13:00:07] <Tigerman____> yeah a particular limited group of folks
[13:00:13] <wrbtrader> exactly
[13:00:25] <Tigerman____> also as retailer you no have low commisions
[13:00:40] <Tigerman____> also executions is an issue
[13:00:48] <wrbtrader> Unless you buy a seat on the exchange
[13:01:02] <Tigerman____> anyway you can collocated your software near exchange
[13:02:09] <wrbtrader> The retail guys I know (not personally)...two are algo trading the Emini ES and both recently moved to the downtown Chicago area near the exchange
[13:02:39] <wrbtrader> I also know two guys in Europe that moved to the London financial distract and they are algo trading the Brent Oil futures
[13:03:08] <Tigerman____> yeah it needs be fast
[13:03:18] <Tigerman____> today Im was monitoring Dax
[13:03:32] <Cayden> they should run their wires through liquid nitrogen. cut away any heat resistance. Ha!
[13:03:39] <Tigerman____> just simulated some ideas
[13:04:25] <Tigerman____> a spike up move in dax in 1 sec hundred of prints
[13:04:47] <Tigerman____> the early one was 93 pz !!
[13:05:31] <Tigerman____> now I need a different software because I see the trades but I need the exactly time
[13:06:14] <Tigerman____> I switch to new application to be able see microseconds
[13:06:41] <Tigerman____> just ideas
[13:09:48] <Tigerman____> ok take care all see next time
[13:11:50] <wrbtrader> Bye
[13:27:12] <Cayden> l8tr tiger
[14:13:25] <lightenup1> Long Dow 17978
[14:15:35] <wrbtrader> I'm waiting for 3pm est to hit
[14:15:51] <wrbtrader> Hopefully volatility will pick up strongly...enough to put out a few trades
[14:16:08] <wrbtrader> If not...today will become a "no trading day"
[14:16:20] <wrbtrader> I get like 1 - 2 per month and I hate them
[14:31:06] <lightenup1> Flat YM 17986
[14:31:19] <lightenup1> +8
[15:39:47] <TradeSnake______> Volatility picking up in Eminis
[15:46:34] <wrbtrader> Emini TF fututures snapback up
[15:46:59] <Cayden> yep
[15:47:00] <wrbtrader> Shorts Emini ES @ 2111.25 -> large size
[15:47:11] <wrbtrader> 20 contracts
[15:48:31] <wrbtrader> :(
[15:49:55] <werner> gogo
[15:50:47] <Cayden> couple of things below on a 15 minute- wrbhg from the opening and the days cash low - 9 minutes to nyse close
[15:51:00] <wrbtrader> TF stalled strangely :(
[15:51:11] <werner> Shorts Emini NQ @ 4513.50
[15:51:44] <wrbtrader> Covered 1/2 Emini ES Short @ 2110.75 --> + 0.5
[15:53:59] <wrbtrader> Covered Remainder Emini ES Short @ 2110.75 --> + 0.5
[15:54:17] <wrbtrader> too much stalling...giving it a chance to find support
[15:56:06] <werner> Covered all Emini NQ Short @ 4512.25 --> + 1.25
[15:57:06] <werner> jitters at this time trading :(
[15:57:45] <Cayden> q leading this downer
[15:57:52] <wrbtrader> 7 minutes now that Emini ES is stuck in this price area
[15:59:42] <werner> tomorrow a new day a new round...take care all
[16:00:17] <wrbtrader> Shorts Emini ES @ 2111.25 -> large size
[16:00:25] <wrbtrader> 10 contracts
[16:08:31] <Cayden> below 09.25 is 08-06.5- 7 minutes to close
[16:15:19] <wrbtrader> Covered all Emini ES Short @ 2110.50 --> + 0.75
[16:16:01] <wrbtrader> I had an order @ 2109.50
[16:16:31] <wrbtrader> Emini ES just didn't want it :( when it bounced on the .75 level
[16:17:06] <wrbtrader> Take care all and see all tomorrow
[16:17:12] <Cayden> the part of the market that wanted it simply didn't get it-
[16:17:20] <Cayden> Nice work- C U l8tr
[19:07:04] * Disconnected
Session Close: Tue Jun 07 19:07:04 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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