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 Post subject: July 19th Tuesday - Futures, Forex, Stocks and ETF
 Post Posted: Sat Jul 23, 2016 8:50 am 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
Business Hours: 8am - 5pm est (Mon - Fri)
wrbanalysis@gmail.com (24/7)
http://twitter.com/wrbtrader (24/7)

##TheStrategyLab (located on the Freenode IRC network) is free along with being a serious professional trading chat room for traders using WRB Analysis (e.g. Contracting Volatility, WRBs, WRB Hidden GAPs, WRB Zone, WRB/WRB Hidden GAP profit targets, Key Market Events, Reaction Highs/Lows, Expanding Volatility, WRB Zone, R area of WRB Zone, S area of WRB Zone) by itself or merged with other trade methods to improve the performance of those other trade methods regardless if you're a position trader, swing trader or day trader. Therefore, you're welcome to use the chat room to ask questions about WRB Analysis, post your 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 - This is not a signal calling trading room. We have no interest in trading rooms where a head trader tells other traders when to buy and sell. This chat room is free and many years ago it was started by users of WRB Analysis. Our job is to moderate the chat room (keep the peace) and to answer any questions involving WRB Analysis. The purpose of the chat room is 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 the 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. Thus, 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, do not attempt to use our chat room as a signal calling trade room via trying to mimic (copy) trades posted by members. If you do such, you will be KICKED from the chat room without warning. In fact, most of the negative commentary about TheStrategyLab website is by traders we've removed from the free chat room, the forum or website for violating our terms of use policy.

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:
071916-Key-Price-Action-Markets.png
071916-Key-Price-Action-Markets.png [ 1.11 MiB | Viewed 247 times ]

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

Session Start: Tue Jul 19 02:39:55 2016
Session Ident: ##TheStrategyLab
[09:35:44] * Attempting to rejoin channel ##TheStrategyLab
[09:35:50] * Rejoined channel ##TheStrategyLab
[09:35:50] * 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'
[09:35:50] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:35:52] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:35:54] <Tigerman____> exit all @ 216.09 +10tk
[09:40:14] <Tigerman____> sh spy 215.92
[09:40:38] <Tigerman____> exit 2/3 @ 88 +4 t
[09:40:55] <Tigerman____> exit rem @ 84 +8tk
[09:44:25] <lightenup1> Short YM 18435
[09:47:03] <irza> gm all
[09:47:21] <lightenup1> Flat YM 18425 +10
[09:51:16] <Tigerman____> a bit of down pressure just find a support here
[09:51:25] <Tigerman____> also no Kme in my radar
[09:51:42] <Tigerman____> plus Vix is low no party now :(
[10:07:04] <wrbtrader> Very little action on Emini ES futures
[10:08:39] <Tigerman____> yep this is the action I need resist to do intuition trades
[10:08:51] <Tigerman____> too much risk
[10:23:26] <wrbtrader> Does anyone get a feeling something in the markets is "drying up" besides volatility and the fact that investors has pulled out of fund record number of money since 2008 ?
[10:24:30] <wrbtrader> I saw travel warnings at three different travel agencies here near me for Canadians traveling to the United States
[10:58:52] <wrbtrader> I didn't like the first 30 minutes price action of the Emini ES futures
[10:59:13] <wrbtrader> Thus, I'm going to wait for a breakout of the range of that price action
[10:59:31] <wrbtrader> Hopefully a trade signal setups up at or soon after the breakout
[11:03:17] <irza> Long Emini ES @ 57.5
[11:04:01] <irza> magnet 60.5
[11:04:12] <TradeSnake______> Long YM @ 18465
[11:10:51] <TradeSnake______> Covered YM @ 18460 --> -5
[11:17:41] <irza> Exited all Emini ES Long @ 56.75 --> - 0.75
[11:18:49] <lightenup1> short YM 18455
[11:47:22] <Tigerman____> swh spy 215.74
[11:48:32] <Tigerman____> exit all @ 73 +1t
[11:54:16] <lightenup1> Flat YM 18445 +10
[11:57:36] <Tigerman____> action too low and lunch time
[11:57:46] <Tigerman____> take care all see next time
[13:07:49] <wrbtrader> Most likely today would have been losing had I traded this low volatility tight trading range that Emini ES futures is stuck in
[13:08:21] <wrbtrader> I hope volatility shows up to open it up to push it hard outside the range
[13:49:51] <wrbtrader> I picked a great time to have a broken wrist :)
[13:50:06] <mtntrader____> Ha ha
[13:50:25] <wrbtrader> although my personal activities are limited
[13:51:18] <wrbtrader> Example...can't drive my car
[13:51:41] <wrbtrader> My kids have been aggressively offering to drive me around :)
[13:56:59] <wrbtrader> Pound Declines as Traders Look Beyond Higher Inflation Rate (bloomberg) @ http://www.bloomberg.com/news/articles/ ... ation-data
[13:57:43] <wrbtrader> A lot of key markets today have messy price action
[13:58:41] <wrbtrader> Eventhough Forex EurUsd and GbpUsd currency charts show a downtrend...its been a messy price decline...gotta have superman like patience to stay in a trade as it declined
[15:23:20] <mtntrader____> I believe this is the worst I've seen price action all year.
[15:56:54] <wrbtrader> incredible it stayed like this the entire trading day
[15:57:43] <wrbtrader> I've seen a lot of traders have blow up days on trading days like this because they are not use to seeing something like this...they keep hammering at it
[15:58:37] <mtntrader____> Small red day for me. No place to even try to catch up.
[15:58:59] <wrbtrader> I got a pm at the free forum by someone that said he had 38 trades today and lost 5k...
[15:59:24] <wrbtrader> He said he couldn't control himself and did nothing but intution trades
[15:59:35] <mtntrader____> Long ES 57.50
[16:00:07] <wrbtrader> Geeesh...now ES futures doing a breakout of that range :(
[16:01:36] <mtntrader____> Covered all 2158.50, + 1. No fill on 59 target
[16:05:22] <wrbtrader> Geeesh...look at Emini NQ futures
[16:05:34] <wrbtrader> Took off northwards...earnings tuff
[16:05:36] <wrbtrader> stuff
[16:05:54] <mtntrader____> Must be.
[16:28:25] <wrbtrader> No trades for me today.
[16:29:04] <wrbtrader> I'll be trading tomorrow after having a nice rest for my wrist and arm.
[16:29:11] <wrbtrader> Take care all and see all tomorrow
[17:07:11] * Disconnected
Session Close: Tue Jul 19 17:07:11 2016


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