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 Post subject: July 20th Wednesday - Futures, Forex, Stocks and ETF
 Post Posted: Sat Jul 23, 2016 8:51 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:
072016-Key-Price-Action-Markets.png
072016-Key-Price-Action-Markets.png [ 1.09 MiB | Viewed 265 times ]

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

Session Start: Wed Jul 20 09:31:33 2016
Session Ident: ##TheStrategyLab
[09:31:34] * Now talking in ##TheStrategyLab
[09:31:34] * Topic is 'Chat room for traders that are using concepts from WRB Analysis to help improve their entry signals, initial stop/loss management, profitable trail stops or profit targets. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... 119&t=718'
[09:31:34] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:31:34] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:32:26] <Tigerman____> VIX is very low now @ 11.61 :(
[09:35:45] <wrbtrader> Shorts Emini ES @ 2160.75 -> large size
[09:35:55] <wrbtrader> 20 contracts
[09:39:27] <wrbtrader> Covered 1/2 Emini ES Short @ 2160.25 --> + 0.5
[09:40:26] <wrbtrader> Covered Remainder Emini ES Short @ 2160.75 --> 0
[09:40:49] <wrbtrader> Thanks tigerman...just pulled up the VIX chart
[09:42:03] <wrbtrader> not good at all and most likely due to that low volatility tight trading range yesterday and then the big boys decided to get active in the last 5 minutes of the regular trading session into the next 10 minutes after the regular session
[09:43:56] <wrbtrader> Emini futures not insync
[09:44:34] <wrbtrader> Shorts Emini ES @ 2159.00 -> large size
[09:44:59] <wrbtrader> 10 contracts
[09:45:44] <wrbtrader> could be my last trade of the day unless something dramatically changes in the price action or volatility or the VIX
[09:45:49] <Tigerman____> Nq is the most resistent to fall
[09:47:00] <wrbtrader> VIX under 12...scary stuff
[09:47:38] <wrbtrader> That's a huge gap down at the open on the VIX
[09:47:43] <Tigerman____> yeah and trade ES very difficult with that value
[09:48:26] <Tigerman____> maybe small size on TF or Nq can be done
[09:48:53] <wrbtrader> Covered all Emini ES Short @ 2159.75 --> - 0.75
[09:49:24] <Tigerman____> regardless low vola is tricky and we miss the move of the day and trading is off x that day
[09:49:57] <Tigerman____> this morning I waited for a decent move on DAX .... it occured while at wc :(
[09:50:11] <Tigerman____> I got very upset
[09:50:32] <Tigerman____> did some trade errors after that fact
[09:51:00] <Tigerman____> simply getting nervous compromised my trading
[09:51:57] <Tigerman____> wrbtrader.... you talk a lot these days abount mental stuff .. yeah I strongly agreed is VERY important :)
[09:53:41] <Tigerman____> Kme @ 10am and 10:30am oil News
[09:54:06] <Tigerman____> if that not shake a bit a end my session
[10:35:51] <wrbtrader> Just got back from a quick rest...
[10:36:23] <wrbtrader> Price action improved on the current volatility but the VIX isn't supporting it because its only volatility is lower :(
[10:36:36] <mtntrader____> You didn't miss much. The NQ is leading everyone higher.
[10:36:42] <wrbtrader> only = own
[10:48:45] <Tigerman____> hey guys do you note Spy reached absolute new high ?
[10:49:25] <wrbtrader> VIX still declining while the volatility in the Emini ES futures is improving
[10:49:54] <Tigerman____> QQQ in mid of the infamous spring 2000 levels
[10:49:58] <wrbtrader> Tigerman...yes or at least heard something on a news sight about it
[10:50:17] <Tigerman____> yeah I see it now on my histo charts
[10:50:43] <wrbtrader> Crude Oil CL futures still rising after its EIA report
[10:52:46] <Tigerman____> at this level I not see Wrb zones x me
[11:12:44] <wrbtrader> nearest WRB Zone for Emini ES futures is a few points below
[11:13:13] <wrbtrader> via the 2min chart @ 1034am - 1036am est
[11:13:16] <wrbtrader> interval
[11:25:46] <Tigerman____> yeah Kme Wrb zone
[11:52:14] <wrbtrader> Long Emini ES @ 2168.50 -> large size
[11:52:23] <wrbtrader> 10 contracts
[11:57:22] <mtntrader____> NQ & TF are making new session highs. Someone needs to whip & spur the ES.
[12:00:13] <wrbtrader> Exited all Emini ES Long @ 2167.50 --> - 1
[12:04:44] <irza2> Long Emini ES @ 67.5
[12:04:48] <irza2> small size
[12:04:50] <irza2> looking to add
[12:04:54] <irza2> if lower
[12:14:29] <Tigerman____> ok I can t wait for more vola show up
[12:14:35] <Tigerman____> take care all see next time
[13:07:25] <irza2> still holding but very tough
[13:07:37] <irza2> adjusting stop to 66
[13:07:44] <irza2> going for NHOD
[13:08:08] <mtntrader____> Good patience, irza.
[13:17:27] <irza2> tx, hope i got the context right
[13:32:27] <TradeSnake______> NQ new highs again, other Eminis not following...
[13:37:19] <irza2> Exited 1/2 Emini ES Long @ 69.5 --> + 2
[13:45:22] <irza2> stop to entry, will close position at 4pm
[13:45:35] <wrbtrader> good luck
[13:45:41] <wrbtrader> You have more courage than me
[13:45:54] <irza2> not sure about that
[13:45:58] <irza2> u trade more size lol
[13:46:03] <irza2> i can't do 10 cars
[13:46:11] <wrbtrader> This type of slow moving price action is good for longer holds if you get the direction correct
[13:46:25] <irza2> yea
[13:47:59] <irza2> well in any type of mkt
[13:48:07] <irza2> getting the direction correct helps alot
[13:48:18] <irza2> :)
[14:02:20] <irza2> nq keeps flying higher
[14:02:42] <wrbtrader> NQ has been doing that a lot lately
[14:04:37] <wrbtrader> I find this amazing because bloomberg a few days ago released a report about record breaking numbers of money has been pulled from the markets by investors...
[14:04:44] <wrbtrader> Yet, the market keeps going higher
[14:05:43] <wrbtrader> Simply, looks like the FED has their sticky fingers involved in the price movement the past few months
[14:05:53] <irza2> probably alot of bearish traders pulling out
[14:06:20] <irza2> ya and the FED
[14:07:35] <mtntrader____> I don't mind being a short term trader up here, but I would have a hard time buying a long term position at these levels.
[15:06:06] <TradeSnake______> Short YM @ 18533
[15:32:59] <TradeSnake______> Covered YM @ 18530 --> +3
[15:34:08] <wrbtrader> Long Emini ES @ 2167.50 -> large size
[15:34:15] <wrbtrader> 10 contracts
[15:43:06] <wrbtrader> Exited all Emini ES Long @ 2167.75 --> + 0.25
[15:43:33] <wrbtrader> I'm looking for a re-entry
[15:44:51] <wrbtrader> Long Emini ES @ 2168.50 -> large size
[15:45:09] <wrbtrader> 5+5 contracts
[15:54:03] <mtntrader____> Looks like they are going make you wait for the 4:00 rush hour.
[15:55:08] <TradeSnake______> Or maybe 4pm traffic jam... haha
[15:55:25] <mtntrader____> ;-)
[16:01:03] <wrbtrader> sell off in the wrong direction
[16:13:49] <mtntrader____> AXP small beat. Looks like no help to the upside.
[17:40:58] <wrbtrader> Just got back...had a small emergency
[17:41:15] <wrbtrader> I'm still holding the Long position
[17:41:38] <wrbtrader> may dump it overnight...I'll determine later
[17:42:17] <mtntrader____> Ok, take care.
[20:15:33] * Disconnected
Session Close: Wed Jul 20 20:15:34 2016


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