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 Post subject: June 22nd Wednesday - Futures, Forex, Stocks and ETF
 Post Posted: Thu Jun 23, 2016 3:09 am 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
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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:
062216-Key-Price-Action-Markets.png
062216-Key-Price-Action-Markets.png [ 1.11 MiB | Viewed 259 times ]

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

Session Start: Wed Jun 22 09:32:00 2016
Session Ident: ##TheStrategyLab
[09:32:01] * Now talking in ##TheStrategyLab
[09:32:01] * 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'
[09:32:01] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:32:03] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:33:48] <wrbtrader> Its still all about BREXIT
[09:34:09] <wrbtrader> I'm not expecting trading conditions to improve and get back to normal
[09:34:24] <mtntrader____> It sure is, and I am going small until Friday.
[09:34:46] <Tigerman____> gm all
[09:37:52] <wrbtrader> Emini ES futures price check @ 2083.25
[09:38:31] <wrbtrader> If anybody sees delays in seeing the quoted price checks versus what they see on their broker platform or charting vendor...
[09:38:35] <wrbtrader> Please let me know
[09:38:54] <wrbtrader> or delays in posted trades too
[09:39:32] <Tigerman____> Es @ 82.50
[09:39:48] <Tigerman____> test
[09:39:59] <Tigerman____> chat is 5 min delay
[09:40:03] <wrbtrader> Emini ES futures price check @ 2083.00
[09:40:26] <wrbtrader> Tigerman...you have a 5min delay ?
[09:40:28] <wrbtrader> wow
[09:40:41] <Tigerman____> oop 5sec delay :)
[09:41:01] <wrbtrader> Yeah...I only had a 2sec delay on your price check
[09:41:33] <wrbtrader> Emini ES futures price check @ 2085.25
[09:42:04] <werner> hi all
[09:43:07] <Tigerman____> 84.75 ES
[09:44:04] <Tigerman____> 84 Es
[09:44:15] <Tigerman____> now 8sec delay
[09:46:01] <wrbtrader> Broker platforum time @ 09:45:45
[09:46:11] <Tigerman____> yeah
[09:46:44] <Tigerman____> 15:46:25 now
[09:46:51] <wrbtrader> Charting vendor time @ 09:46:35
[09:46:58] <werner> Shorts Emini NQ @ 4405.00
[09:47:12] <Tigerman____> same my broker and data vendor
[09:47:22] <Tigerman____> same Pc cloack
[09:47:28] <Tigerman____> clock
[09:47:29] <wrbtrader> IRC time @ 09:47:21
[09:47:40] <wrbtrader> I'm ahead of my broker time :(
[09:48:00] <Tigerman____> mine is :
[09:48:13] <Tigerman____> 9:47:36
[09:48:23] <wrbtrader> IRC time @ 09:48:26
[09:48:34] <Tigerman____> at timw of my phrase "mine is "
[09:48:48] <Tigerman____> test
[09:48:58] <Tigerman____> yeah now 5sec delay
[09:49:18] <Tigerman____> test
[09:49:38] <Tigerman____> test
[09:49:43] <wrbtrader> Brexit...if England leaves...will others follow or will the EuroDollar just fall apart ?
[09:49:55] <Tigerman____> yeah is fixed 5sec delay vs my trading data
[09:50:24] <Tigerman____> good question
[09:50:38] <werner> Covered all Emini NQ Short @ 4406.00 --> - 1
[09:51:04] <wrbtrader> The banks in Europe must be extremely nervous
[09:51:23] <wrbtrader> I'm already hearing about people pulling their money out of the bank and going cash
[09:51:54] <Tigerman____> in UK or all over EU ?
[09:52:04] <werner> wow
[09:52:13] <wrbtrader> UK
[09:52:21] <Tigerman____> ok
[09:52:31] <Tigerman____> my bet is UK stay
[09:52:54] <Tigerman____> regardless I read some papers the vote is not law
[09:53:24] <Tigerman____> so in any case UK not exit immediatly also if vote is set to leave
[09:53:42] <Tigerman____> maybe is just an excuse to create caos
[09:54:04] <Tigerman____> anyway if UK exit is a BIG problem for US
[09:54:28] <Tigerman____> US firm cannot trade so easy in EU
[09:55:20] <Tigerman____> Kme at 10 am
[09:55:31] <werner> Shorts Emini NQ @ 4405.00
[09:55:58] <Tigerman____> test
[09:56:20] <Tigerman____> conferm My Trillian is 5 sec behind
[09:56:53] <Tigerman____> ES now @ 2084
[09:57:05] <Tigerman____> 9:56:37
[09:57:47] <Tigerman____> now volatility is bad glued here
[09:58:05] <werner> Covered all Emini NQ Short @ 4402.00 --> + 3
[09:59:04] <werner> gap close
[09:59:44] <wrbtrader> 1000am est KME
[10:00:03] <Tigerman____> NQ is complete on the other way vs ES
[10:00:05] <werner> tx
[10:02:22] <wrbtrader> Shorts Emini ES @ 2082.00 -> large size
[10:02:24] <werner> my opinion ...nq is the leader
[10:04:59] <werner> bbl ...
[10:06:55] <wrbtrader> Covered all Emini ES Short @ 2083.25 --> - 1.25
[10:08:29] <Tigerman____> till now bad vola
[10:08:50] <Tigerman____> seems just algos plays with each others
[10:12:14] <wrbtrader> range is about 3 points in Emini ES futures
[10:12:40] <wrbtrader> Tigerman...I agree on the morning algos (different types than the ones that usually occupy the morning
[10:13:16] <wrbtrader> In contrast, the ones we normally use to see in the morning...they seem to have switch to later in the trading day
[10:13:54] <wrbtrader> Many different types of algos...tough to determine which types are being dominant at any given time of the trading day
[10:15:27] <wrbtrader> Long Emini ES @ 2085.25 -> large size
[10:15:34] <Tigerman____> now ES try a break
[10:15:36] <wrbtrader> 20 contracts
[10:15:46] <wrbtrader> prior trade was also 20 contracts
[10:21:33] <Tigerman____> nothing to do ... simply not enought momentum from big folks
[10:21:54] <wrbtrader> Exited all Emini ES Long @ 2085.50 --> + 0.25
[10:22:03] <Tigerman____> or... Algos narrow every spike in price
[10:22:40] <wrbtrader> BREXIT temporary killed the volatility correlations
[10:23:12] <wrbtrader> Its almost as if everybody is on their own
[10:24:15] <Tigerman____> yeah my idea is Big folks wait for the outcome then take positions ...
[10:24:51] <Tigerman____> my idea is also.... not enought new people enter in markets
[10:25:38] <Tigerman____> simply this year is very problematic for short term trading
[10:25:41] <wrbtrader> scary times right now for many
[10:26:16] <Donnin___> you mean traders?
[10:26:46] <wrbtrader> Yes along with the increasing threats of terroism
[10:27:15] <wrbtrader> Euro cup, approaching RIO Olympics and many other key events
[10:27:22] <Donnin___> worst case for traders?
[10:28:19] <wrbtrader> Any attacks...markets will go down especially if they occur during trading hours
[10:29:49] <Donnin___> market did ok with 2002
[10:30:16] <Donnin___> 2001*
[10:31:36] <wrbtrader> Long Emini ES @ 20867.25 -> large size
[10:31:48] <TradeSnake______> Long YM @ 17789
[10:31:50] <wrbtrader> Why Brexit is upsetting Wall Street @ http://money.cnn.com/video/news/2016/06 ... index.html
[10:32:09] <wrbtrader> algo snapback Down and then back Up
[10:32:30] <wrbtrader> not pretty if caught trading in that
[10:32:48] <Tigerman____> infact I dis :)
[10:32:53] <Tigerman____> I did
[10:33:09] <Tigerman____> I entered @ 86.25
[10:33:22] <wrbtrader> Long Emini ES @ 2087.25 -> large size
[10:33:31] <wrbtrader> 10 contracts
[10:33:37] <Tigerman____> exit few ticks down and few tiks up in remainders
[10:33:49] <wrbtrader> chop slow down enough for me to get in
[10:34:30] <wrbtrader> The post is the correction of the prior misquote
[10:35:52] <TradeSnake______> Covered YM @ 17801 --> +12
[10:35:59] <wrbtrader> I've had a 42% increase in profitable trades retracing and taking me out for a loss prior to them reaching a WRB pt1 over the past 5 trading days
[10:38:23] <Donnin___> that ever happen before?
[10:39:01] <wrbtrader> Exited all Emini ES Long @ 2088.50 --> + 1.25
[10:40:42] <wrbtrader> Donnin...yes...it has happen 3x before but a long time ago involving KMEs (global crisis)
[10:40:58] <Donnin___> i see
[10:42:08] <Donnin___> do you swing trade ?
[10:42:28] <wrbtrader> Depends on what you define on as swing trade
[10:42:53] <Donnin___> i mean the buy and hold
[10:43:04] <wrbtrader> Investing for years ?
[10:43:11] <Donnin___> or sell and hold or position trading
[10:43:46] <Donnin___> position trading
[10:43:59] <wrbtrader> I have investments...some been holding since early 1990s
[10:44:08] <Donnin___> hah
[10:44:29] <Donnin___> i mean weekly or daily positions into overnight on es
[10:44:38] <wrbtrader> No...
[10:44:42] <werner> hihi me too :)
[10:44:51] <wrbtrader> I don't dare swing trade ES like that
[10:45:28] <wrbtrader> I've held ES past the 4:15pm est maintenance period but always unload it before the open of the next day
[10:45:49] <wrbtrader> Meant, I've tried to swing trade ES into the next trading day...
[10:45:58] <wrbtrader> Didn't do well and it was too stressful
[10:46:08] <Donnin___> ok
[10:46:09] <werner> indd
[10:46:25] <werner> very stressy
[10:46:28] <wrbtrader> In contrast, I do swing trade Forex but haven't done such in awhile
[10:47:07] <wrbtrader> Meant, if I'm going to swing trade...it'll more likely be in Forex with the plan on holding them for several weeks or months
[10:48:24] <wrbtrader> Long Emini ES @ 2090.00 -> large size
[10:48:33] <wrbtrader> 10 contracts
[10:49:42] <wrbtrader> SPY inside the range of a big long upper shadow interval from Monday 15min chart
[10:53:10] <wrbtrader> Exited all Emini ES Long @ 2090.50 --> + 0.5
[10:56:41] <wrbtrader> Long Emini ES @ 2090.75 -> large size
[10:56:48] <wrbtrader> re-entry
[10:57:27] <wrbtrader> Key market movers today again is Forex EurUsd, GbpUsd and other forex trading instruments
[10:58:10] <wrbtrader> Crude Oil CL futures in the past 30 minutes because of the EIA report
[10:59:13] <wrbtrader> Exited all Emini ES Long @ 2089.75 --> - 1
[10:59:34] <wrbtrader> Emini ES price check @ 2089.25
[10:59:52] <wrbtrader> Emini ES price check @ 2089.50
[11:01:11] <wrbtrader> Emini ES price check @ 2089.00
[11:01:23] <Donnin___> yep
[11:03:05] <wrbtrader> High Street Banks told to stockpile cash in case of Brexit @ http://www.ft.com/cms/s/2/c26ab49e-37c4 ... z4CJx2S3WR
[11:04:30] <wrbtrader> Investors pulled £65bn cash out of the UK in March and April as Brexit fears grow @ http://www.telegraph.co.uk/business/201 ... nce-finan/
[11:12:16] <wrbtrader> Long Emini ES @ 2088.75 -> large size
[11:12:33] <wrbtrader> re-entry
[11:21:38] <wrbtrader> Exited all Emini ES Long @ 2090.50 --> + 1.75
[11:21:43] <wrbtrader> WRB pt1 reached (feels like a long time since I've used those words)
[11:25:56] <wrbtrader> key words: thestrategylab wrbtrader BREXIT
[11:26:25] <wrbtrader> I'm going to be doing those key word listing more often in here for a few reasons
[11:26:56] <wrbtrader> I'm redesigning the forum key word search and I'm going to use the chat logs as a test
[11:27:27] <wrbtrader> Other reason is that I want to see how long it takes Google to cache those words
[11:31:50] <Tigerman____> big down spike in ES
[11:32:43] <wrbtrader> crazy and scary
[11:32:55] <wrbtrader> Gold GC spikin higher
[11:33:10] <wrbtrader> Crude Oil CL futures spiking lower
[11:33:17] <wrbtrader> Everybody spiking...
[11:33:26] <wrbtrader> Implies an important breaking KME
[11:33:33] <mtntrader____> New Brexit poll just released.
[11:34:28] <wrbtrader> Shorts Emini ES @ 2085.25 -> large size
[11:34:28] <TradeSnake______> (UK) Latest Brexit poll: 44% for remain, 45% for leave - Opinium poll - Source http://TradeTheNews.com
[11:34:40] <wrbtrader> 20 contracts
[11:39:43] <wrbtrader> Covered all Emini ES Short @ 2086.00 --> - 0.75
[11:42:24] <wrbtrader> Shorts Emini ES @ 20865.75 -> large size
[11:42:50] <wrbtrader> Shorts Emini ES @ 2085.75 -> large size
[11:42:58] <wrbtrader> correction
[11:43:03] <wrbtrader> re-entry
[11:43:17] <wrbtrader> snapback Up
[11:43:53] <wrbtrader> I've grown tired of these snapback price actions
[11:44:05] <wrbtrader> Since March
[11:44:47] <wrbtrader> Actually...since January but it was in March when all the super fast chop showed up with the snapbacks
[11:46:48] <mtntrader____> What will all the pollsters in England do after tomorrow?
[11:46:56] <wrbtrader> Covered all Emini ES Short @ 2086.50 --> - 0.75
[11:47:24] <wrbtrader> two good tries...nothing
[11:47:44] <Tigerman____> I almost close my desk x today
[11:47:57] <Tigerman____> I entered after that down spike
[11:48:16] <Tigerman____> simply price not continued after that :(
[11:48:16] <wrbtrader> I average two new keyboards per year
[11:48:28] <wrbtrader> This year I'm on my 5th new keyboard
[11:48:58] <wrbtrader> Hopefully this new one will last more than two weeks without me smashing it
[11:48:59] <Tigerman____> almost EVERY WRB HG is retraced or little follow after it
[11:49:50] <wrbtrader> Shorts Emini ES @ 2086.00 -> large size
[11:49:55] <wrbtrader> re-entry
[11:50:26] <werner> Shorts Emini NQ @ 4422.00
[11:50:29] <lightenup1> Short Ym 17753
[11:50:33] <wrbtrader> Emini NQ futures pushing lower...trying to retest the S area of its most recent contracting volatility intervals
[11:52:07] <werner> mm early entry
[11:53:35] <werner> Covered all Emini NQ Short @ 4421.75 --> + 0.25
[11:53:47] <werner> jitters here
[11:53:54] <wrbtrader> We've learned the past few trading days that the Eminis cn stay contracted for a very long time after a volatility spike or WRB Hidden GAP interval...
[11:53:59] <wrbtrader> Longer than our patience
[11:54:25] <werner> indd
[11:54:41] <mtntrader____> So true, and it looks like we've gone to chop again here.
[11:55:17] <werner> yep ..thats wy i am out :)
[11:59:46] <lightenup1> Flat YM 17757 -4
[12:01:36] <werner> yesterday here 18 degrees...nou 30 ...nuts ...horses sweating ...not normal this weather
[12:01:59] <wrbtrader> snapback Down from 2087.50
[12:03:00] <wrbtrader> Emini ES futures price check @ 2086.25
[12:03:27] <werner> 2086.50
[12:03:48] <werner> 7
[12:03:51] <werner> 50
[12:03:55] <werner> 75
[12:03:58] <werner> 50
[12:04:01] <werner> 25
[12:04:04] <werner> 50
[12:04:26] <werner> 50
[12:04:59] <werner> ok?
[12:05:53] <wrbtrader> Yes...insync with what I see on my platform
[12:06:06] <wrbtrader> Emini ES futures price check @ 2085.75
[12:06:45] <wrbtrader> Covered all Emini ES Short @ 2086.50 --> - 0.5
[12:07:18] <wrbtrader> lost my patience again...
[12:07:28] <wrbtrader> Three back to back trades
[12:07:38] <wrbtrader> all early exit...no stop out
[12:07:40] <werner> Shorts Emini NQ @ 4421.00
[12:11:39] <werner> pfff
[12:12:17] <werner> Covered all Emini NQ Short @ 4423.00 --> - 2
[12:13:19] <werner> what a mess
[12:15:16] <wrbtrader> a lot of size moving around just on a few ticks
[12:15:42] <werner> yep
[12:15:58] <wrbtrader> In contrast, algos typical signature in tight ranges like this will be a ton of 1 - 2 contracts in a 2 tick range
[12:16:12] <wrbtrader> and they are moving fast
[12:16:29] <wrbtrader> These quotes are not moving fast right now...just choppy
[12:16:45] <werner> punks
[12:16:56] <Tigerman____> yeah slow action now
[12:17:24] <werner> sid and wait
[12:18:02] <Tigerman____> now we are at lunch time
[12:18:36] <werner> Shorts Emini NQ @ 4420.00
[12:19:42] <werner> Covered all Emini NQ Short @ 4417.00 --> + 3
[12:20:58] <werner> ...bbl
[12:21:55] <werner> wrb pt1
[12:22:19] <werner> ...bbl....horses ...pff
[12:22:31] <wrbtrader> Shorts Emini ES @ 2083.25 -> large size
[12:22:51] <wrbtrader> see how it broke...it outlasted the patience :(
[12:23:15] <wrbtrader> Its been like that for me for about 5 trading days now
[12:23:29] <wrbtrader> feels like I'm chasing ghosts or something
[12:24:38] <Tigerman____> sh spy 208.66
[12:25:50] <Tigerman____> exit 2/3 @ 208.46 +20 tk
[12:26:46] <Tigerman____> exit all rem @ 49 +17 tk
[12:27:06] <Tigerman____> dowm momentum is ended x now
[12:28:24] <Tigerman____> also my patience is gone long ago
[12:29:39] <wrbtrader> You know its really bad when you see me losing and getting frustrated
[12:30:23] <wrbtrader> I'm mad enough that one day I had a +6 point winner and I was still psssst
[12:30:38] <Tigerman____> yeah that signal is time to reconsider trading in this period x me
[12:31:47] <Tigerman____> if you wrbtrader with ton of experience feel this way think about struggling or newbe traders
[12:31:59] <wrbtrader> That nasty type of chop with contracting volatility is showing up again :(
[12:32:31] <wrbtrader> We've not had something like a BREXIT market context
[12:32:33] <Tigerman____> yeah retrace most down Wrb hg in 1min ES
[12:32:51] <wrbtrader> Seems like a very confusing situation globally and its reaching into the markets
[12:32:53] <Tigerman____> slow rentless slow action
[12:33:44] <Tigerman____> I try to get some clues in fast charts like tick charts
[12:33:55] <Tigerman____> very stressfull
[12:34:32] <wrbtrader> Covered all Emini ES Short @ 2082.25 --> + 1
[12:34:53] <wrbtrader> There's the retracement attempt...
[12:35:17] <wrbtrader> Just need now for the chop to show up and the the contracing bouncing around intervals will show up
[12:35:38] <Donnin___> limit sell 84 looks on table
[12:37:58] <wrbtrader> Emini ES futures price check @ 2082.50
[12:39:35] <wrbtrader> key words: BREXIT Forex GBPUS EURUSD
[12:40:42] <wrbtrader> Key words: Algorithms Emini ES futures
[12:47:21] <wrbtrader> Shorts Emini ES @ 2080.50 -> large size
[12:47:28] <wrbtrader> 30 contracts
[12:48:23] <wrbtrader> If this trade works...I'll be profitable for the day and will consider calling it quits or dropping my size down to small (5 contracts only)
[12:48:35] <wrbtrader> so far...not looking good
[12:49:28] <wrbtrader> recent similar like price actions...its been contracting and retracing back up to the R area of the contraction
[12:50:29] <Donnin___> long to 84
[12:50:53] <Donnin___> 81.50
[12:51:19] <wrbtrader> Emini ES back to the R area :(
[12:51:29] <Tigerman____> take care all see next time
[12:51:50] <wrbtrader> Same with Emini NQ futures
[12:52:18] <wrbtrader> Covered all Emini ES Short @ 2082.00 --> - 1.5
[12:59:09] <wrbtrader> forgot to mention that the S area of this contraction is 2080.50
[12:59:39] <wrbtrader> Long Emini ES @ 2082.50 -> large size
[12:59:56] <wrbtrader> 30 contracts
[13:00:18] <wrbtrader> snapback Down
[13:00:20] <wrbtrader> unreal
[13:04:16] <wrbtrader> retested the S area
[13:05:14] <Donnin___> no close
[13:05:20] <Donnin___> on 80.25
[13:06:30] <wrbtrader> Exited all Emini ES Long @ 2080.50 --> - 2
[13:07:49] <wrbtrader> Shorts Emini ES @ 2079.00 -> large size
[13:08:14] <wrbtrader> Emini ES dropped below another S area from yesterday
[13:08:32] <wrbtrader> 30 contracts
[13:09:23] <wrbtrader> meant...it was an unfilled WRB Zone and it has now filled that Zone and fallen below the S area
[13:11:01] <wrbtrader> Covered 2/3 Emini ES Short @ 2076.75 --> + 2.25
[13:11:51] <wrbtrader> Covered Remainder Emini ES Short @ 2077.50 --> + 1.5
[13:11:58] <wrbtrader> :(
[13:13:53] <wrbtrader> Long Emini ES @ 2077.50 -> large size
[13:13:59] <wrbtrader> 20 contracts
[13:14:15] <wrbtrader> contracting again after the spike down
[13:14:20] <wrbtrader> intuition trade
[13:14:50] <wrbtrader> Every short I've taken in price action like this the past 5 trading days have been a "loser"
[13:15:03] <wrbtrader> I'm playing the opposite field now with the intuition
[13:18:42] <wrbtrader> contracting volatility developing
[13:18:51] <wrbtrader> still no distinct R and S areas
[13:27:51] <wrbtrader> my patience just ran out
[13:28:33] <wrbtrader> Exited all Emini ES Long @ 2078.25 --> + 0.75
[13:28:51] <wrbtrader> unreal
[13:28:58] <wrbtrader> Then it spikes higher
[13:29:06] <wrbtrader> :(
[13:34:33] <wrbtrader> Long Emini ES @ 2080.50 -> large size
[13:34:40] <wrbtrader> :(
[13:34:45] <wrbtrader> 10 contracts
[13:35:37] <wrbtrader> Long Emini ES @ 2079.75 -> Add
[13:35:52] <wrbtrader> 10 added
[13:38:47] <wrbtrader> Exited 1/2 Emini ES Long @ 2080.50 --> + 0.75
[13:40:58] <wrbtrader> Emini ES futures price check @ 2081.25
[13:41:35] <wrbtrader> Exited Remainder Emini ES Long @ 2080.75 --> + 0.25
[14:09:45] <wrbtrader> Emini ES futures retesting the S area of its most recent Up WRB Hidden Gap interval 1min chart
[14:10:18] <wrbtrader> Everybody else is calm in reference to Crude Oil CL futures, Forex EurUsd, Forex GbpUsd
[14:10:36] <wrbtrader> Gold GC futures trying hard to retrace back upwards
[15:10:47] <TradeSnake______> Short YM @ 17718
[15:13:46] <TradeSnake______> Covered YM @ 17717 --> +1
[15:13:58] <TradeSnake______> snapback
[15:35:17] <wrbtrader> Emini ES futures price check @ 2078.00
[15:36:00] <wrbtrader> Shorts Emini ES @ 2077.00 -> large size
[15:36:14] <wrbtrader> 10 contracts
[15:38:42] <wrbtrader> Covered all Emini ES Short @ 2078.50 --> - 1.5
[15:39:51] <wrbtrader> Long Emini ES @ 2078.75 -> large size
[15:40:03] <wrbtrader> 20 contracts
[15:40:48] <wrbtrader> Emini ES futures price check @ 2079.50
[15:44:23] <wrbtrader> Exited all Emini ES Long @ 2078.50 --> - 0.25
[15:44:31] <wrbtrader> punks
[15:44:43] <werner> :(
[15:45:11] <wrbtrader> Long Emini ES @ 2077.75 -> large size
[15:45:18] <wrbtrader> 30 contracts
[15:45:22] <wrbtrader> re-entry
[15:45:44] <wrbtrader> I thought I had a great entry in that prior trade...to only be shaken out
[15:46:00] <wrbtrader> I think I got another good entry...lets see what happens
[15:50:34] <wrbtrader> Exited all Emini ES Long @ 2077.00 --> - 0.75
[15:50:40] <werner> nq :(
[15:51:56] <wrbtrader> Shorts Emini ES @ 2076.00 -> large size
[15:52:15] <wrbtrader> 3 contracts
[15:52:41] <wrbtrader> meant 30 contracts
[15:52:42] <werner> hihi 30 i think
[15:52:56] <wrbtrader> tough as nails
[15:53:21] <wrbtrader> It won't let me stay in the Sorts and won't let me stay in the Longs
[15:53:23] <wrbtrader> unreal
[15:53:45] <werner> yes punks
[15:53:49] <wrbtrader> Its doing such without a lot od chop
[15:54:05] <wrbtrader> Covered all Emini ES Short @ 2077.00 --> - 1
[15:55:02] <wrbtrader> Long Emini ES @ 2077.75 -> large size
[15:55:31] <wrbtrader> 30 contracts
[15:55:38] <wrbtrader> 1.50 range
[15:56:27] <wrbtrader> WRB Analysis -> - Chat room for day traders, swing traders, position traders using concepts from WRB Analysis such as contracting volatility, key market event (KME), reaction high/low, WRB, WRB Hidden GAP, WRB Zone, WRB pt levels to help improve understanding of the price action their trading and/or improve the performance of their trade signal strategies while price action trading. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718 or http://www.scribd.com/wrbtrader
[15:57:54] <wrbtrader> :(
[15:58:02] <werner> djeez
[15:58:16] <wrbtrader> There's no S and R area down here to use
[15:58:26] <wrbtrader> A loss here is just a random exit
[15:59:20] <werner> gogo es
[16:00:00] <werner> Long Emini NQ @ 4295.00
[16:00:20] <werner> Long Emini NQ @ 4395.00
[16:00:59] <werner> Exited all Emini NQ Long @ 4398.00 --> + 3
[16:02:38] <wrbtrader> VIX in the 21 and the Eminis is trading like this...
[16:03:26] <wrbtrader> Unreal, something I've never seen before when above 20...this type of chopping around
[16:06:42] <wrbtrader> Emini ES futures price check @ 2077.00
[16:07:16] <werner> .75
[16:07:22] <werner> .00
[16:07:29] <werner> .25
[16:07:32] <werner> .00
[16:07:45] <werner> .75
[16:08:04] <werner> .75
[16:08:18] <werner> .00
[16:08:22] <werner> .75
[16:08:40] <werner> :)
[16:12:53] <wrbtrader> Exited 2/3 Emini ES Long @ 2076.50 --> - 1.25
[16:13:54] <wrbtrader> Its been reversing most of the day as soon as I exit anything for a loss
[16:14:10] <wrbtrader> It's trying to do it again now
[16:14:30] <werner> 1 min left
[16:14:34] <werner> :(
[16:14:44] <wrbtrader> Exited Remainder Emini ES Long @ 2076.75 --> - 1
[16:15:07] <werner> punks
[16:17:08] <werner> gn all
[16:17:48] <wrbtrader> I hope that BREXIT vote is early tomorrow
[16:18:10] <wrbtrader> and not late into the trading day
[16:18:26] <mtntrader____> Good night
[16:18:42] <wrbtrader> There will probably be another big movement in the overnight trading sesssion...
[16:18:57] <wrbtrader> Take care all and see all tomorrow
[16:19:03] <mtntrader____> Polls are supposed to be open in England until 10:00 pm.
[18:12:30] * Disconnected
Session Close: Wed Jun 22 18:12:31 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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