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 Post subject: July 15th Friday - Futures, Forex, Stocks and ETF
 Post Posted: Sat Jul 16, 2016 11:17 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 Review - Our 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.

Yet, you're not require to use the free chat room as a trade journal to get help with your trading. Instead, as recommended by some users of WRB Analysis, you can use professional journal services such as tradervue, edgewonk, tradebench or tradingdiarypro for your statistical analysis in combo with our chat room or your private thread to discuss with us the statistical analysis of your trading so that we can help you to improve your use of WRB Analysis. Therefore, you have many choices. You can use our chat room (you maintain your own statistics) as a trade journal or you can use professional trade journal services to do the work for you.

Also, ##TheStrategyLab free chat room is not designed to be educational because the education is in the WRB Analysis free study guide. Simply, members using the chat room are not there to mentor you because we do not offer a mentoring service to teach you how to trade. 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 reviewing (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:
071516-Key-Price-Action-Markets.png
071516-Key-Price-Action-Markets.png [ 1.13 MiB | Viewed 271 times ]

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

Session Start: Fri Jul 15 09:28:20 2016
Session Ident: ##TheStrategyLab
[09:28:20] * Now talking in ##TheStrategyLab
[09:28:20] * 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'
[09:28:20] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:28:22] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:33:11] <Tigerman____> gm all
[09:33:23] <irza> gm all
[09:35:28] <wrbtrader> Good morning all
[09:37:29] <wrbtrader> Shorts Emini ES @ 2160.75 -> large size
[09:37:34] <wrbtrader> intuition
[09:37:40] <wrbtrader> 10+10 contracts
[09:49:51] <wrbtrader> Covered all Emini ES Short @ 2159.50 --> + 1.25
[09:50:07] <wrbtrader> no WRB pt1
[09:50:52] <wrbtrader> some kind'uv a support is developing because it fails to push hard below the 2159.50 and there's no volatility to do such :(
[09:52:23] <wrbtrader> Shorts Emini ES @ 2161.25 -> large size
[09:52:29] <wrbtrader> re-entry
[09:52:34] <wrbtrader> 10 contracts
[09:53:41] <wrbtrader> back at that earlier price area where volatility failed to show up
[09:53:46] <irza> Shorts Emini ES @ 60.5
[09:54:21] <wrbtrader> maybe it can creep lower and below the area to cause a slow change in supply/demand to attract a volatility spike
[09:54:39] <irza> nice fill
[09:54:47] <irza> hehe
[09:54:59] <irza> gap close at 57
[09:55:43] <Tigerman____> gm all
[09:56:15] <wrbtrader> contracting volatility
[09:56:25] <wrbtrader> tightning trail stop
[09:56:31] <wrbtrader> I'm now expecting a volatility spike
[09:56:36] <irza> where ur stop at?
[09:56:40] <irza> mine is 61.5
[09:56:57] <wrbtrader> R area of the most recent Down WRB HG interval 1min chart
[09:57:16] <wrbtrader> 2160.75
[09:57:21] <TradeSnake______> KME at 10am - Prelim UoM Consumer Sentiment
[10:00:47] <wrbtrader> Covered all Emini ES Short @ 2159.50 --> + 1.75
[10:01:33] <wrbtrader> early exit
[10:01:57] <wrbtrader> That R area as a trail stop started looking like an "X marks the spot"
[10:02:48] <irza> giving it some room to work itself
[10:03:05] <irza> my target is 57
[10:03:14] <irza> which is the gap close
[10:03:19] <wrbtrader> Shorts Emini ES @ 2159.00 -> large size
[10:03:27] <wrbtrader> 15 contracts
[10:03:37] <wrbtrader> re-entry
[10:03:44] <wrbtrader> volatility spike
[10:04:22] <wrbtrader> but it stalled in the price area of an unfilled Down WRB Hidden GAP interval from yesterday regular session chart
[10:04:53] <wrbtrader> The R area of yesterday's 1min chart 4pm est
[10:05:54] <wrbtrader> Covered 1/3 Emini ES Short @ 2158.50 --> + 0.5
[10:07:51] <wrbtrader> Covered Remainder Emini ES Short @ 2159.00 --> 0
[10:07:58] <wrbtrader> tough R area
[10:08:24] <irza> Covered 1/2 Emini ES Short @ 2159.5 --> - 2099
[10:08:35] <Tigerman____> acrion now is tough
[10:08:43] <wrbtrader> volatility contracted at that R area...allowing some demand to show up in the price action of Emini ES futures
[10:08:56] <Tigerman____> simply price too much balanced
[10:09:10] <irza> correction..
[10:09:17] <irza> Covered 1/2 Emini ES Short @ 59.5 --> + 1
[10:09:18] <wrbtrader> in reference to the regular session chart (not the globex all session chart)
[10:09:49] <irza> looks like aiming for stops above 61.5 lol
[10:10:26] <wrbtrader> volatility in the Emini ES futures still declining
[10:10:48] <wrbtrader> Also, the VIX is now around 12.47
[10:11:17] <wrbtrader> VIX confirming what I see visually in the Emini ES futures
[10:11:19] <irza> yea i shouldn't be trading
[10:12:03] <irza> 61 hopefully holds
[10:12:05] <irza> until 57
[10:12:10] <irza> there we go
[10:12:19] <irza> they scare me out 1/2 lol
[10:12:29] <irza> psych game
[10:12:35] <wrbtrader> agree
[10:12:59] <irza> looked like it was gonna burst through short stops
[10:13:02] <irza> but held lol
[10:13:21] <TradeSnake______> Long GC @ 1327,2
[10:13:41] <irza> here's my exit
[10:14:25] <TradeSnake______> Covered GC @ 1327.3 --> +0.1
[10:14:54] <wrbtrader> Shorts Emini ES @ 2158.00 -> large size
[10:15:02] <wrbtrader> 10 contracts
[10:15:46] <wrbtrader> :(
[10:15:55] <wrbtrader> Covered all Emini ES Short @ 2157.75 --> + 0.25
[10:16:04] <wrbtrader> Lucky exit
[10:16:30] <wrbtrader> trade error on the entry. I saw something that really wasn't there
[10:17:24] <wrbtrader> I thought Emini ES had not filled its regular session gap when in fact it did
[10:18:02] <irza> tight trail
[10:18:30] <wrbtrader> volatility slowly increasing again along with the speed of the price action
[10:18:53] <irza> Covered Emini ES Short @ 57 --> + 3.5
[10:18:57] <wrbtrader> nice
[10:28:47] <Tigerman____> wrbtrader... I like to share a consideration about price action
[10:29:43] <Tigerman____> from my experience in my trading observation what I consider important now is the speed and strenght of action
[10:30:31] <Tigerman____> I tried in many ways apart strong action ... weak results
[10:30:42] <Tigerman____> loss or breakeven
[10:31:41] <Tigerman____> simply if volatility and strong will from big folk is not there trading is super struggle
[10:32:31] <TradeSnake______> Long GC @ 1327.2 re-entry
[10:33:04] <Tigerman____> so WRB analysis is good ...in low vola give us clue to stay apart
[10:33:55] <Tigerman____> if one like to trade anyway it needs more observation in tape read and dome just it is very stressfull it is waht I do
[10:34:05] <Tigerman____> what you think wrbtrader ?
[10:34:24] <Tigerman____> also others guys here can share their view of course
[10:37:12] <wrbtrader> Not any discussion in here lately about some of the most important markets...
[10:37:42] <wrbtrader> Forex GbpUsd, Forex EurUsd, Crude Oil CL futures an Gold GC futures
[10:48:29] <TradeSnake______> Covered GC @ 1325.7 --> -2.0 :(
[10:57:32] <wrbtrader> keywords: thestrategylab review Forex GBPUSD Down WRB Hidden GAP 5min interval @ 0530am - 0535am and 0830am - 0835am est
[10:57:55] <wrbtrader> Forex GBPUSD volatility spike down in the past 3mins
[10:58:13] <wrbtrader> 1.3237
[11:00:27] <wrbtrader> Those mentioned Down WRB Hidden GAP intervals in Forex GBPUSD are WRB Zones (unfilled) and the current Down WRB most likely will become a Down WRB Hidden GAP interval when the next interval completes as contracting volatility
[11:00:36] <wrbtrader> 5min chart interval
[11:04:04] <irza> Shorts Emini ES @ 58
[11:04:35] <wrbtrader> TheStrategyLab WRB Review - Forex GBPUSD 15min chart price action just pushed below the S area of the Up WRB Hidden GAP interval 0700am - 0715am Thursday into the price area of the contracting volatility that occurred before the big Up WRB Hidden GAP interval
[11:06:29] <wrbtrader> Now you have some key WRB Zones to monitor in reference to the mentioned Down WRB Hidden GAP intervals
[11:07:15] <wrbtrader> R areas on top and S areas on bottom
[11:08:50] <irza> magnet 55sh
[11:08:51] <wrbtrader> I'm going to be talkin more about forex currencies in here more aggressively for the next several months in hopes of attracting more forex traders in here
[11:09:16] <irza> what time will u be trading forex?
[11:09:19] <wrbtrader> It will help with the "market context" of the global markets considering its something I heavily use in my own trading
[11:09:23] <irza> same US RTH session?
[11:09:26] <wrbtrader> I won't be trading forex
[11:09:41] <wrbtrader> I need the market context from it when I trade Emini ES futures
[11:10:20] <wrbtrader> It prevents me from blindly following the TA of Emini ES futures
[11:10:48] <wrbtrader> Thus, I need the market context and that's how I use Forex to help me with that
[11:11:02] <irza> k, looking forward to see how u use it
[11:11:25] <wrbtrader> I'll give you clues...
[11:12:13] <wrbtrader> Watch closely the performance of the Emini Futures when both Forex EurUsd and GbpUsd are down on a lot of volatility or up on a lot of volatility...both must be doing such
[11:12:53] <wrbtrader> That means there's a global KME causing it and that means the Emini futures WILL react to whatever that KME even if you don't know what is the KME
[11:13:17] <wrbtrader> Seeing both EurUsd and GbpUsd reaction strongly in the same direction...there's a KME involved
[11:14:31] <wrbtrader> Now you know why I was so aggressive to one side (direction) in my trades today in the Emini ES futures
[11:15:02] <irza> so u use 5' Timeframe on both globex to determine the net % change?
[11:15:19] <wrbtrader> I use ANY time frame that has a WRB Zone
[11:15:23] <irza> k
[11:15:37] <wrbtrader> Thus, I have no favorite time frame
[11:15:44] <wrbtrader> I just want to see a WRB Zone
[11:16:07] <irza> Covered 1/2 Emini ES Short @ 55.5 --> + 2.5
[11:16:22] <irza> got my magnet
[11:16:56] <irza> Covered all Emini ES Short @ 55 --> + 3
[11:17:09] <irza> if i was trading more cars, would leave a runner
[11:17:15] <irza> for the bonus
[11:22:13] <wrbtrader> nice
[11:22:23] <irza> calling it a day, have a great weekend all
[11:22:58] <wrbtrader> Take care and good trading
[11:23:07] <irza> tx
[11:48:33] <Tigerman____> ok I can close here
[11:48:48] <Tigerman____> just did around 30 trades from open
[11:49:00] <Tigerman____> fast trades
[11:49:17] <Tigerman____> just some experiments
[11:49:40] <Tigerman____> only commissions eat most of it
[11:50:35] <wrbtrader> Just as long as you come out profitable at the end of the day because right now for awhile its just been creeping lower on very little volatility
[11:51:05] <Tigerman____> yeah very low vola
[11:51:43] <Tigerman____> this scalping require better commissions of course
[11:52:13] <Tigerman____> issue is the stress comes with it ... elbow wrist eyes and so on
[11:54:41] <Tigerman____> take care all see next week
[11:55:38] <wrbtrader> Bye
[12:50:36] <mtntrader____> Short ES 2150.00
[13:00:33] <mtntrader____> Covered all 2150.50, - .50
[14:22:58] <mtntrader____> Short ES 2152.00
[14:25:50] <mtntrader____> Covered all at scratch
[15:09:25] <mtntrader____> It sure would be nice if this market would give us something to trade. Just sayin'.
[15:45:32] <wrbtrader> Emini NQ futures has retraced back to the R area of the Up WRB Hidden GAP interval of 1522pm - 1524pm est 2min chart
[15:49:12] <mtntrader____> Short ES 2155.00
[15:52:41] <mtntrader____> Covered at scratch
[15:55:13] <wrbtrader> Long Emini ES @ 2154.75 -> small size
[15:55:19] <wrbtrader> 5 contracts
[15:59:43] <wrbtrader> Exited all Emini ES Long @ 2155.00 --> + 0.25
[16:00:09] <wrbtrader> Long Emini ES @ 2155.00 -> small size
[16:00:16] <wrbtrader> re-entry
[16:00:24] <wrbtrader> prior trade a trail stop out
[16:00:30] <wrbtrader> pick pocketed
[16:03:28] <wrbtrader> Exited all Emini ES Long @ 2154.25 --> - 0.75
[18:09:34] <wrbtrader> Take care all, have a safe and fun weekend
Session Close: Sat Jul 16 07:43:03 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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