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 Post subject: June 13th Monday - Futures, Forex, Stocks and ETF
 Post Posted: Mon Jun 13, 2016 7:41 pm 
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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:
061316-Key-Price-Action-Markets.png
061316-Key-Price-Action-Markets.png [ 1.11 MiB | Viewed 294 times ]

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

Session Start: Mon Jun 13 09:23:23 2016
Session Ident: ##TheStrategyLab
[09:23:23] * Now talking in ##TheStrategyLab
[09:23:23] * 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'
[09:23:23] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:23:24] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:28:43] <Tigerman____> gm all
[09:28:49] <Cayden> GM
[09:30:07] <Tigerman____> no Kme in my calendar
[09:30:20] <Tigerman____> in contrast seems a strong sell pressure
[09:30:41] <Tigerman____> Big gap at open in sight
[09:33:37] <wrbtrader> Forex GbpUsd powering upwards...producing a big Up WRB Hidden GAP interval on the lower time frames
[09:36:33] <wrbtrader> Shorts Emini ES @ 2081.50 -> large size
[09:36:48] <wrbtrader> 20 contracts
[09:42:44] <wrbtrader> Covered all Emini ES Short @ 2081.00 --> + 0.5
[09:44:16] <Tigerman____> price action mixed
[09:44:25] <Tigerman____> I did some longs and shorts
[09:44:38] <Tigerman____> just exit at breakeven overall
[09:44:42] <wrbtrader> Shorts Emini ES @ 2082.50 -> large size
[09:44:51] <wrbtrader> re-entry
[09:46:28] <Tigerman____> sh es 81.50
[09:46:48] <Tigerman____> exit all @ 81 +2tk
[09:46:59] <Tigerman____> simply I needed that exit
[09:47:14] <Tigerman____> to be in a small profit
[09:47:27] <wrbtrader> Covered all Emini ES Short @ 2082.00 --> + 0.5
[09:47:39] <wrbtrader> :(
[09:47:42] <wrbtrader> geeesh
[09:48:08] <wrbtrader> Shorts Emini ES @ 2083.00 -> large size
[09:48:15] <wrbtrader> re-entry
[09:48:19] <wrbtrader> intuition
[09:50:34] <wrbtrader> Covered all Emini ES Short @ 2084.25 --> - 1.25
[09:50:35] <irza> gm and good trading
[09:51:50] <Tigerman____> lg es 85.75
[09:51:52] <Tigerman____> 1 pz
[09:52:23] <Tigerman____> exit all @ 86 +1tk intuition
[09:54:37] <wrbtrader> Shorts Emini ES @ 2085.75 -> large size
[09:54:43] <wrbtrader> re-entry
[09:56:59] <Tigerman____> sh 85.50
[09:57:28] <Tigerman____> exit 1/85.25 +1 t
[09:57:37] <Tigerman____> exit all @ 85 +2t
[09:57:51] <Tigerman____> choppy action
[09:58:49] <wrbtrader> My discipline is struggling right now in this chop
[10:01:20] <wrbtrader> Covered all Emini ES Short @ 2085.00 --> + 0.75
[10:01:25] <wrbtrader> :(
[10:02:22] <Tigerman____> lg es 2086.75
[10:02:28] <wrbtrader> Emini ES futures has now closed the regular session gap
[10:02:38] <wrbtrader> Forex GbpUsd still pushing higher
[10:03:35] <Tigerman____> exit all @ 86.75 +0
[10:05:13] <wrbtrader> Shorts Emini ES @ 2084.75 -> large size
[10:05:24] <wrbtrader> re-entry
[10:05:33] <Tigerman____> sh 209.93
[10:06:31] <TradeSnake______> Short YM @ 17754
[10:09:17] <TradeSnake______> Covered YM @ 17740 --> +14
[10:09:48] <Tigerman____> exit 1/2 @ 209.78 +15tk
[10:12:42] <Tigerman____> exit all @ 77 +16 tk
[10:12:51] <Tigerman____> not easy hang on today
[10:16:28] <wrbtrader> Covered all Emini ES Short @ 2082.50 --> + 2.25
[10:16:40] <wrbtrader> correction...
[10:16:56] <wrbtrader> Covered all Emini ES Short @ 2083.50 --> + 1.25
[10:17:12] <wrbtrader> 2082.50 was my adjusted new target
[10:17:22] <wrbtrader> prior taret was 2082
[10:21:30] <Tigerman____> sh spy 209.83
[10:22:19] <Tigerman____> exit all @ 94 -11 tk :(
[10:22:39] <wrbtrader> Long Emini ES @ 2085.75 -> large size
[10:22:46] <wrbtrader> 10 contracts
[10:27:38] <wrbtrader> nasty snapback
[10:28:00] <wrbtrader> but it doesn't seem to have the algo handprint on it
[10:29:23] <Tigerman____> lg spy 210.03
[10:33:31] <wrbtrader> Exited all Emini ES Long @ 2088.25 --> + 2.5
[10:33:34] <wrbtrader> WRB pt1 reached and its the 2nd one of the trading day and the first one I was able to grab
[10:34:15] <Tigerman____> exit all @ 210.30 +27 tk
[10:37:32] <Tigerman____> lg spy 210.29
[10:40:10] <Tigerman____> exit all @ 23 -6tk
[10:52:26] <wrbtrader> Shorts Emini ES @ 2084.75 -> large size
[10:52:37] <wrbtrader> 10 contracts
[10:53:18] <Tigerman____> sh spy 209.98
[10:54:19] <wrbtrader> Covered all Emini ES Short @ 2085.75 --> - 1
[10:54:52] <wrbtrader> :(
[10:55:11] <wrbtrader> Shorts Emini ES @ 2085.50 -> large size
[10:55:17] <wrbtrader> re-entry
[10:56:50] <Tigerman____> exit all @ 210. 04 -5t
[10:58:45] <wrbtrader> Price action right now in the Emini ES futures is very familiar of the past several trading days :(
[10:59:35] <wrbtrader> Emini TF makes a move an ES refuses to do the same...it instead creeps slowly in the opposite direction as it is trying to do now
[10:59:37] <wrbtrader> back up
[11:01:03] <wrbtrader> Its mainly this type of price action that has made trading very difficult the past 7 trading days
[11:01:15] <irza> yea very tough
[11:01:24] <irza> nice seeing u taking quick profits
[11:02:09] <wrbtrader> WRB pt1 reached
[11:07:21] <Tigerman____> sh spy 209.86
[11:11:00] <wrbtrader> Covered all Emini ES Short @ 2084.75 --> + 0.75
[11:12:29] <Tigerman____> exit all @ 94 -8tk
[11:15:55] <mtntrader____> Short ES 2084.00
[11:16:47] <Tigerman____> sh spy 209.83
[11:20:20] <Tigerman____> exit all 82 trail hit
[11:32:52] <Tigerman____> sh spy 209.82
[11:33:32] <Tigerman____> exit 1/2 @ 72 +10 tk
[11:34:03] <wrbtrader> Shorts Emini ES @ 2081.75 -> large size
[11:34:20] <wrbtrader> 10 contracts
[11:36:14] <mtntrader____> Covered all 2081.00, +3
[11:36:23] <mtntrader____> Pt reached
[11:42:05] <Tigerman____> exit all rem @ 209.42 +40 tks
[11:42:25] <Tigerman____> I can t keep it longer
[11:44:53] <Tigerman____> we are at today open
[11:47:14] <wrbtrader> Covered all Emini ES Short @ 2078.75 --> + 3
[11:48:57] <Tigerman____> nice hold at that low
[11:49:11] <wrbtrader> extremely difficult trade
[11:49:34] <Tigerman____> yeah lucky some vola showed up
[11:49:54] <Tigerman____> I almost dumped my trade at smaller profit
[11:50:04] <Tigerman____> only I used Spy instead ES
[11:50:29] <wrbtrader> In fact, I'm very surprised it didn't move back higher soon after my entry because Emini ES futures has been very aggressive at not being insync with the volatility movements of the other Eminis especially Emini TF futures
[11:50:30] <Tigerman____> because not comfortable in today action plus some distraction here
[11:50:57] <Tigerman____> yeah TF in his world
[11:53:58] <Tigerman____> I finish my session here
[11:54:13] <Tigerman____> take care all and see all tomorrow
[12:14:35] <werner> hi all
[12:18:34] <wrbtrader> Hi werner
[12:19:02] <werner> hi wrbtrader
[12:22:52] <werner> wow nq
[12:23:06] <werner> tail
[12:23:32] <wrbtrader> Yeah, had that tail been longer and with more speed...
[12:23:45] <wrbtrader> I would call it a "algo handprint" :)
[12:24:01] <werner> :)
[12:40:43] <werner> hihi tails tails tails 2 min nq
[12:49:58] <werner> have seen yesterday f1 montreal ..:)
[12:52:28] <werner> realy nice race
[12:58:08] <werner> Shorts Emini NQ @ 4437.25
[12:58:43] <werner> Covered all Emini NQ Short @ 4435.00 --> + 2.25
[13:38:58] <wrbtrader> FYI - There's someone going around online impersonating some of the members in here
[13:39:23] <wrbtrader> Its happen before many times...not a big deal
[13:39:31] <wrbtrader> Yet, you should be warned
[13:39:59] <mtntrader____> Hmmmm... why would they want to impersonate us?
[13:40:51] <wrbtrader> Its public records and they can pretend they are you and then post negative messages about me or someone else in here to attempt to make it look like its you
[13:40:54] <wrbtrader> :(
[13:41:36] <wrbtrader> Meant...the chat room logs are public
[13:41:53] <wrbtrader> I don't hide who used the room that day
[13:42:24] <wrbtrader> I use to a long time ago but I was then accussed of FAKING you guys in here :)
[13:43:00] <werner> djeez :)
[13:43:16] <wrbtrader> Yep...weirdos out there
[13:44:16] <werner> skip them
[13:44:54] <werner> if you can :)
[13:45:15] <wrbtrader> Depends on what they say
[13:45:25] <werner> see nq
[13:45:46] <werner> nuts candlle again
[13:47:10] <wrbtrader> The crap happens every year between April to May...tax time.
[13:47:30] <wrbtrader> I think that's when people get mad the most.
[13:47:33] <Cayden> who is being impersonated? which of us are being impersonated.
[13:48:13] <wrbtrader> Every current users and 7 prior members
[13:48:50] <werner> its not me...hihi
[13:48:59] <werner> lol
[13:49:05] <wrbtrader> 5 of the 7 prior members already contacted me to say it wasn't them that posted negative misinformation
[13:49:26] <wrbtrader> Most recent attack was by someone impersonating "ItalianSharp"
[13:49:36] <Cayden> and where out there in the internet world do such behavior take place?
[13:50:06] <wrbtrader> Here's one of Italiansharp nice messages @ http://thestrategylab.com/images/101306Accolade.png
[13:50:19] <wrbtrader> I have many others from this year and past years
[13:50:46] <werner> ai italiansharp is an old menber but i see him not for a long time ago
[13:50:51] <wrbtrader> Now go to Emmett Moore site and see a completely different "ItalianSharp" posting there and what he has to say
[13:51:07] <wrbtrader> ItalianSharp is active in his private thread
[13:51:28] <werner> mmm
[13:51:34] <Cayden> I get it- well- can't you tell via IP address who are phonies?
[13:52:17] <wrbtrader> Actually, I do look at IPs with the help of forums owners I'm good friends with
[13:52:24] <wrbtrader> We compare notes
[13:53:32] <wrbtrader> I give them info about trouble makers on my site and they do the same to see if there's any correlations
[13:55:48] <wrbtrader> My point, if you see someone out there using your user name at a forum and its not you...just let me know and I'll ignore the person
[13:56:06] <wrbtrader> Yet, do not go there and debate with the person. That seems to make things worst
[13:56:14] <werner> djeez punks
[13:56:14] <wrbtrader> Just let them have their say and let it go
[13:56:39] <Cayden> yeah- i've seen some- well at least I think it could be weird stuff- Guys creating false personas via avitars and user names on blogs- dating back to 2010- all in a scam to sell their wares as supposed great traders. Charlitons
[13:57:25] <Cayden> so we just too out the Lows of the day
[13:58:04] <Cayden> see if we create a swing low or continue down
[13:58:35] <werner> nq above the low
[13:59:18] <wrbtrader> Cayden, just a few years ago someone contacted me and asked me why I sent him some junk after payment.
[13:59:36] <wrbtrader> I didn't have his email address or user name in my database
[13:59:47] <wrbtrader> I then asked him where he get the info from...
[13:59:53] <wrbtrader> He gave me a link to a BLOG
[14:00:45] <wrbtrader> Someone had copy some info from the free study guide...added in some indicators and random information and sold it too him using my website name
[14:00:47] <wrbtrader> :)
[14:01:49] <wrbtrader> I had to contact Google to get the site removed and the host of the site (GoDaddy)
[14:02:52] <wrbtrader> Now there's this weird stuff floating around out there but nothing I can do about it but I do feel sorry for those people
[14:03:44] <wrbtrader> Therefore, if anyone see's any mechanical systems, automated systems, algorithms or indicator methods involving WRB Analysis...
[14:04:05] <wrbtrader> It's not from me and let me know where you saw it at.
[14:04:29] <Cayden> i posted your TSL site to a blog- within a few weeks I saw someone- someone I personally knew and liked posting wrbhg zones with no explanation nor credit to TSL- so I asked myself- what's the use anyways. I have discovered a lot of folks simply want to be social and feek smart- weird stuff that I'm not completely innocent from. Ha!
[14:04:50] <Cayden> But I am motivated to make money trading-
[14:05:49] <werner> why do you post that Cayden?
[14:06:07] <werner> trade for you selff
[14:06:26] <wrbtrader> There's even a blog or site that's using my website name to sell books or something and it took a few years to get them to stop
[14:06:36] <wrbtrader> They're now on instagram @ https://www.instagram.com/thestrategylab/
[14:07:07] <wrbtrader> I still get hate me about that stuff :(
[14:08:11] * Retrieving ##TheStrategyLab modes...
[14:08:36] <wrbtrader> Cayden...what you described about the blog is common now.
[14:09:22] <wrbtrader> Lots of people out their giving education about WRB Analysis for free or payment and most of the education is just wrong or inaccurate.
[14:09:25] <mtntrader____> That Instagram listing isn't even for trading.
[14:09:41] <wrbtrader> exactly but idiots out there don't realize that :(
[14:10:16] <wrbtrader> They use to sell those books...
[14:10:33] <werner> rats
[14:10:36] <Cayden> Yep- exactly werner- thanks and I agree with you... But to answer your question- I did post TSL there thinking folks could find there way to a place where price structure and understanding was being taught and shared responcibly. IDK- like I say- lots of people dont want to to learn and simply want to be social...
[14:10:46] <wrbtrader> I get emails still by people saying your self help stuff doesn't work
[14:10:57] <wrbtrader> I have no clue what the hell they're talking aboout :)
[14:11:38] <mtntrader____> Hmmm... that is really strange.
[14:12:11] <wrbtrader> There use to be a website (blog) but they were forced to move to instagram after my complaints
[14:13:03] <wrbtrader> I think they were in the letterhead (custom stuff) business, books and other weird stuff
[14:13:39] <wrbtrader> I got an email yesterday by a Japanese company asking me were's their supply they ordered (5k worth)
[14:13:41] <wrbtrader> :)
[14:13:56] <wrbtrader> I replied back..."fuck off"
[14:14:14] <wrbtrader> I have no idea what they are talking about :)
[14:14:48] <wrbtrader> Seriously, what idiot would choose a business name of an already existing website .com with the same name ?
[14:15:04] <wrbtrader> They deserve all the misunderstandings...their fault
[14:16:10] <wrbtrader> Cayden...glad you mentioned the blog problem
[14:16:20] <Cayden> I am amazed how few people even know what a hidden gap is
[14:16:45] <wrbtrader> The first time something like that happen to me was an article in Stocks & Commodities magazine
[14:17:25] <wrbtrader> I knew this book author (met him online) and I freely shared with him my WRB Analysis info...
[14:17:38] <wrbtrader> At that point I had never shared it with anyone before
[14:17:49] <wrbtrader> I asked him to give me his opinion about it
[14:18:22] <wrbtrader> It took him a few months to reply and he basically stated it was "brilliant"...he had never come across anything like that before
[14:19:02] <wrbtrader> A year later I see this article in the magazine by the author in which he's discussing my work without giving me any credit
[14:20:01] <wrbtrader> Long story short...Stocks & Commodities never accepted an article again by him. They cut ties with the guy
[14:20:30] <wrbtrader> That's when I started my own website and started documenting everything I was doing.
[14:21:21] <wrbtrader> No documentation allows people to claim it below to them
[14:21:32] <wrbtrader> below = belongs
[14:23:35] <Cayden> I posted there a year and a half ago- only once- and that was after a year of TSL study. and I did send emails out to 8 trading buddies- like I said when I saw one of my buddies post at the blog without even mentioning TSL- i thought- yikes- no way you can share TSL with the general public- If I see a stuggling trader- I will take the to the side and tell them that TSL offers
[14:23:35] <Cayden> great price unsterstanding-
[14:23:57] <wrbtrader> For the record...I do get some honest emails from people that say "the shit doesn't work".
[14:24:18] <wrbtrader> I know those people and I know they tried very hard.
[14:24:27] <wrbtrader> I'm ok with them.
[14:25:33] <wrbtrader> Its the ones that didn't use it, impersonating someone else just because they saw that person name in the chat logs or someone that's using one of those bad info out there created by someone else...
[14:25:43] <wrbtrader> Those the people I have a problem with
[14:26:13] <wrbtrader> WRB Analysis is just not for everyone...that's impossible to accomplish
[14:26:21] <wrbtrader> Yet, WRB Analysis works for many and I have many accolades and traders brokerage statements as proof
[14:26:42] <werner> ok cayden but i am not so social ...after 20 years trading....i have seen a lot ...trade for you own ...and let the rest swim.....i have to swim 15 years :(
[14:27:58] <wrbtrader> Has anyone notice the lack in volatility for the Emini TF going into the 4pm est rush hour traffic and the increasing volatility in Emini ES futures
[14:28:14] <wrbtrader> This has been occurring all of 2016 so far
[14:29:24] <wrbtrader> Emini ES becoming more liquid and more volatile when in prior years that time period was dominated by Emini TF futures
[14:29:58] <wrbtrader> Seeing that along with knowing next year the TF is going back to the CME...
[14:30:19] <wrbtrader> There's something fundamentally changing in the Eminis that I just have not determine what it is
[14:33:57] <winmax60> long es@2086.25
[14:34:50] <wrbtrader> This movement in the Emini futurres has enough pressure tp reach the more recent reaction high
[14:35:02] <wrbtrader> Ooopss...it just did :)
[14:35:04] <werner> grr mist the long
[14:35:39] <werner> to much talking ....
[14:36:23] <Cayden> wrbtrader! you know whats funny? In the VTR forum - the first post under chat- you personnaly make a pointregarding a prop firm, (Schonfeld), letting go of there employees - i think they were being let go in 2010. anyways- you make it clear yourself how many of your own pattern signals aren't working as you would expect and so you had to resort to 'intuitive' trades. The funny
[14:36:23] <Cayden> part is I've been absorbing this stuff for 3 years and find it very difficult- pullingh my hair out- well less now as I have comprehended lots of it- but I would always be looking for the zones in 'intuitive' trades you would execute- well- the funny thing is after all that I just stimbled upon that chat in the VTR Forum this weekend- it was an aha moment for me- :-)
[14:37:14] <wrbtrader> Yeah, those logs are very useful in giving that "aha moment"
[14:37:42] <winmax60> exit @2088.5 +2.25
[14:38:08] <wrbtrader> Sometimes I re-read something in the log and say to myself...its info that should have been put in the reports because now it makes sense
[14:39:01] <wrbtrader> Cayden, its not easy and its not a green/red light trade method
[14:39:26] <wrbtrader> Some catch on fast, others it takes a few years and others never understand
[14:40:00] <wrbtrader> There's someone a few weeks back said to me he's been using WRB Analysis for almost 5 years...
[14:40:18] <wrbtrader> He still can determine the difference between a WRB versus a WRB Hidden GAP
[14:40:41] <wrbtrader> He ask me why do I make the definitions so damn difficult to understand
[14:40:57] <werner> lol
[14:41:08] <wrbtrader> I could not reply
[14:42:01] <winmax60> long es@2088.25
[14:42:09] <wrbtrader> Emini ES futures inside the range of a WRB Zone on the 1min chart
[14:42:50] <wrbtrader> Long Emini ES @ 2079.50 -> small size
[14:42:55] <wrbtrader> 5 contracts
[14:43:37] <wrbtrader> The bad part...the price action is now contracting :(
[14:44:12] <wrbtrader> Emini TF futures has contracted so much...it looks like its going to pop in volatility
[14:44:37] <wrbtrader> Hopefully upwards and not downwards
[14:44:53] <werner> wrb 1 es
[14:45:46] <werner> at 2080.25
[14:46:36] <wrbtrader> snapback
[14:46:55] <winmax60> exit @208.25 -0.25
[14:49:01] <werner> Shorts Emini NQ @ 4434.50
[14:50:38] <Cayden> 77.25 is support on the 3 minute es mini
[14:51:14] <wrbtrader> Emini ES now dropped into the range of its most recent Up WRB Hidden GAP interval 1min chart
[14:51:59] <Cayden> same on the 3 minute too- s at 77.25- r at 78.25
[14:52:36] <werner> Covered all Emini NQ Short @ 4432.75 --> + 1.75
[14:53:22] <wrbtrader> Exited all Emini ES Long @ 2077.25 --> - 2.25
[14:54:15] <Cayden> LOD at 75- tripple bottom - dont like the odds it holds if we get there at this rate
[14:55:34] <wrbtrader> Emini ES futures below the S area...trying to go above it of that earlier mentioned Up WRB Hidden GAP interval
[14:55:45] <wrbtrader> Actually, too slow to write...its there now
[14:56:28] <winmax60> long es@2087
[14:57:00] <wrbtrader> Long Emini ES @ 2077.75 -> small size
[14:57:06] <wrbtrader> re-entry
[15:00:21] <winmax60> exit @2085.25 -1.75
[15:00:38] <wrbtrader> back below that S area again :(
[15:00:51] <wrbtrader> Exited all Emini ES Long @ 2076.25 --> - 1.5
[15:01:28] <wrbtrader> Cayden, you may get to see that possible triple bottom
[15:03:37] <wrbtrader> Shorts Emini ES @ 2076.25 -> large size
[15:03:43] <wrbtrader> 20 contracts
[15:03:51] <Cayden> Yep- quadrouple bottom on a 3 minute- but there are things down here holding it up- lie VWAP, BB and Keltner- prolly some MA's and pivots too- the kitchen sink- Ha!
[15:04:26] <wrbtrader> I'm betting the support will not hold...inclding the kitchen sink
[15:04:31] <winmax60> short es@2084.75
[15:05:07] <werner> Shorts Emini NQ @ 4428.00
[15:05:08] <Cayden> yep--we are in 'buyer's tali alley" here and it doesn't look good
[15:07:28] <werner> Covered all Emini NQ Short @ 4425.00 --> + 3
[15:08:08] <werner> wrb pt 1
[15:09:35] <winmax60> possible support at around 2082.75????
[15:09:59] <wrbtrader> WRB pt1 reached
[15:10:20] <Cayden> yep- 72.75 is the next support winn
[15:10:28] <wrbtrader> winmax...you mean 2072.75 ?
[15:10:46] <Cayden> but it sure is getting some legs to the down side
[15:10:56] <wrbtrader> Covered 1/2 Emini ES Short @ 2073.50 --> + 2.75
[15:11:03] <werner> wrb pt 2
[15:11:09] <werner> es
[15:11:15] <winmax60> exit @2082.50 +2.25
[15:11:40] <wrbtrader> WRB pt2 reached but now is trying to find some legs to stand up on
[15:11:43] <winmax60> yes... :-))
[15:12:55] <wrbtrader> Its a good spot to try for support
[15:13:38] <Cayden> i'm seeing some buy side liquidity at 71.25- its only 1127 contracts- are we trading lower volume then usual?
[15:14:37] <Cayden> make that 1260 sitting to buy at 71.25.
[15:14:50] <werner> Shorts Emini NQ @ 4421.50
[15:16:12] <wrbtrader> In the prior losing two consecutive trades...
[15:16:15] <Cayden> 72 did not show the 1157 contracts it traded on the buy side- someone is sneaking into a long position
[15:16:24] <wrbtrader> I had used a small size of 5 contracts
[15:16:49] <werner> Covered all Emini NQ Short @ 4423.00 --> - 1.5
[15:17:30] <wrbtrader> I usually document why I change position like that and then go back to a higher position size like I did on the current position that was open with 20 contracts
[15:18:30] <werner> Long Emini NQ @ 4423.00
[15:19:12] <wrbtrader> The two losing smal contract position...I just wasn't confident and I had a WRB Zone conflict between my two data providers...
[15:19:28] <wrbtrader> One had a valid WRB Zone and the other did not
[15:20:05] <winmax60> possible reversal here? --> reasonable spot to expect ?? We got about an hour.... ;-)
[15:20:51] <wrbtrader> winmax...I agree but I hope we're wrong because I'm still Short on some remainders
[15:21:01] <werner> Exited all Emini NQ Long @ 4425.00 --> + 2
[15:21:21] <winmax60> yes...i know... :-)
[15:21:23] <werner> wrb pt1
[15:21:49] <Cayden> buyers showing some confidence down here
[15:22:02] <wrbtrader> Simply, after I cover this Short position...I'm going to prepare to look for Long signals and if they don't appear...I may do at least one intution Long position
[15:26:47] <Cayden> I'm seeing a fair increase in buying after that fair increase of selling that took place starting at the break below 72.75- i guess it no great surprise longs getting into position- IDK
[15:31:39] <wrbtrader> very choppy down here for the Eminis
[15:33:25] <winmax60> yes... if price moves above 2084.25, probably more buyers will pay attention... I think...
[15:33:44] <werner> Long Emini NQ @ 4425.75
[15:34:13] <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.
[15:34:44] <Cayden> if they cant get it above 76.25 after all this buy energy- id have to think twice 'bout a long
[15:37:15] <werner> Exited all Emini NQ Long @ 4424.00 --> - 1.75
[15:38:02] <wrbtrader> Emini ES futures ranging between 2075 to 2072.50
[15:39:19] <winmax60> ;-)
[15:40:48] <werner> Shorts Emini NQ @ 4422.00
[15:42:15] <wrbtrader> Covered all Emini ES Short @ 2071.75 --> + 4.5
[15:43:34] <werner> Covered all Emini NQ Short @ 4420.00 --> + 2
[15:43:38] <wrbtrader> My average holds have gone from about 3mins to 12mins
[15:43:57] <wrbtrader> That particular trade was 39 minutes
[15:44:44] <wrbtrader> Eminis making new lows for the regular trading session
[15:45:51] <wrbtrader> The reason for the dramatic increase in duration occurred back in April
[15:46:40] <Cayden> i have us in a wrbhg area from may 25th- 2 minute
[15:46:48] <wrbtrader> I've been more frustrated with the price action, stuck in trades more often (price action just chopping around) and I'm bored more often
[15:47:11] <Cayden> 69.75 s- 71.25 r
[15:47:47] <winmax60> so...lengthened position holding time is a bad signal for poor performance??
[15:49:12] <Cayden> same pattern of hefty buying following the selling- yet the selling diminishes now-
[15:50:22] <Cayden> i was looking at a 1 hour chart- reare to see a move over 4 points inside an hour- tuff stuff
[15:50:49] <wrbtrader> [15:47:47] <winmax60> so...lengthened position holding time is a bad signal for poor performance??
[15:51:32] <wrbtrader> No...it tells me the price action is a lot more difficult to trade and that I'm taking too many trades in low volatility range bound price action
[15:51:36] <Cayden> pure selling at 70.25
[15:51:47] <Cayden> and price holding
[15:52:18] <Cayden> there is one hell of a buyer obsorbing this here
[15:52:40] <werner> ???
[15:52:55] <wrbtrader> Shorts Emini ES @ 2069.75 -> small size
[15:53:01] <wrbtrader> 5 contracts
[15:53:35] <wrbtrader> beware of the snapback
[15:55:08] <wrbtrader> Covered all Emini ES Short @ 2069.50 --> + 0.25
[15:55:42] <wrbtrader> Emini TF futures spooked me out of the Long position
[15:59:04] <Cayden> I was thinking we were going to get a V bottom - but the buyers in abundance just obsorbed all the selling hitting into them-There must be a lot of bodies
[16:00:31] <wrbtrader> Long Emini ES @ 2070.75 -> small size
[16:01:26] <wrbtrader> Exited all Emini ES Long @ 2071.25 --> + 0.5
[16:01:31] <wrbtrader> :)
[16:01:39] <wrbtrader> Lucky trade of the day...
[16:01:52] <wrbtrader> I put that order in and then tried to cancel it...
[16:02:18] <wrbtrader> It got filled and I was then like -1 point in seconds and then it decided to rebound back upwards
[16:03:03] <wrbtrader> It was a 5 contract position...same as the other most recent trade
[16:06:14] <wrbtrader> Take care all and be careful of the impersonators out there online...we got some former members that act like they are still immature
[16:07:39] <winmax60> ok..thanks..mark
[16:09:19] <Cayden> copy that- see you tomorrow
[16:14:40] <werner> ok good night all
[16:16:56] <Cayden> L8TR
[19:20:46] * Disconnected
Session Close: Mon Jun 13 19:20:46 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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