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 Post subject: July 25th Monday - Futures, Forex, Stocks and ETF
 Post Posted: Mon Jul 25, 2016 5:31 pm 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2620
Location: Canada
Price Action Trading (no technical indicators)
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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 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 (keep the peace between members) the chat room 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, removed the forum or removed from the website for violating our terms of use policy.

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

072516-Key-Price-Action-Markets.png [ 1.05 MiB | Viewed 34 times ]

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

Session Start: Mon Jul 25 09:29:59 2016
Session Ident: ##TheStrategyLab
[09:29:59] * Now talking in ##TheStrategyLab
[09:29:59] * 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'
[09:29:59] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:30:00] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:03] <Tigerman____> gm
[09:30:19] <wrbtrader> Good morning all
[09:30:30] <Tigerman____> today is an expected slow action day
[09:30:37] <Tigerman____> in my view
[09:30:41] <mtntrader____> Morning
[09:31:42] <Tigerman____> so I look at chart in a summer rlaxed way :)
[09:32:30] <Tigerman____> simply my mistake last week was to think I got some edge in this low junk ... it wasn t :(
[09:33:10] <Tigerman____> this week I wait and trade only when price move as it needs
[09:33:34] <wrbtrader> Not every day in the market is tradable
[09:33:59] <Tigerman____> yeah that was my mistake
[09:34:04] <wrbtrader> Someone that trades every day should expect to have some very difficult trading days every month
[09:34:17] <Tigerman____> as you know I scalp in fast trade sometimes
[09:34:39] <Tigerman____> thinking is always good ... is not :(
[09:34:55] <wrbtrader> In contrast, if you get good at recognizing crappy price action...you'll begin to navigate to having about 4 days off from the market per month at the "minimum"
[09:35:11] <Tigerman____> my temper is hot so not easy to me look charts and do nothing
[09:35:17] <wrbtrader> Summer is my stress high stress level for personal reasons...
[09:35:42] <wrbtrader> Kids are home (no school) and they need monitoring
[09:35:51] <Tigerman____> from this week I have to resist and document my strenght :)
[09:36:54] <wrbtrader> Reason why next year I will enroll them in summer school (1/2 days) and most likely take the summer off to be near them during the summer (school won't be here in Canada)
[09:37:32] <wrbtrader> When I was young and single...the crappy summer trading sessions didn't psychologically impact me
[09:37:44] <wrbtrader> I now have a family and I'm not young :)
[09:38:28] <Tigerman____> yeah that impact mostly on traders
[09:39:20] <Tigerman____> my opinion few retail very young traders these days
[09:39:50] <Tigerman____> able to make a live with trading
[09:39:55] <wrbtrader> Tigerman...I'm gonna disagree and I'll explain why...
[09:40:21] <wrbtrader> I think we have "more" young traders these days but they strike out must faster
[09:41:06] <wrbtrader> New traders 10 or 20 years ago had good reasons for expecting success
[09:41:34] <wrbtrader> New traders today are using the same reasons but the support for such is no longer there
[09:41:45] <wrbtrader> Markets are very cruel today in comparison to the past
[09:42:16] <wrbtrader> Simply, traders today have "more work"
[09:42:57] <wrbtrader> I know a lot of free chat room owners and fee-base trading rooms...
[09:43:04] <Tigerman____> ah yes maybe you miss my previous statetement 03 :39 : 50 <Tigerman____> my opinion few retail very young traders these days
[09:43:18] <wrbtrader> 30% to 50% membership declines
[09:43:26] <Tigerman____> I m agreed on everything you said
[09:43:29] <wrbtrader> high turnover
[09:43:49] <wrbtrader> smaller trading accounts
[09:44:13] <wrbtrader> Then look at world financial situation
[09:44:18] <Tigerman____> today tight range and low economy prevent younger have big accounts
[09:44:27] <wrbtrader> Rise in "2nd mortgages"
[09:44:42] <wrbtrader> Higher (out of control) student load debts
[09:45:01] <Tigerman____> so trading too small is very difficult make a living
[09:45:09] <wrbtrader> My ex girlfriend is a pediatrician
[09:45:37] <wrbtrader> Her student load payments (she's still paying) are about $1900 per month
[09:45:57] <wrbtrader> That's crazy
[09:45:59] <Tigerman____> wow ......
[09:46:25] <Tigerman____> if her salary is big can be ok ... otherwise :(
[09:46:46] <irza> gm all
[09:46:57] <Tigerman____> I read some stats few days ago
[09:47:03] <Tigerman____> hi irza
[09:47:07] <wrbtrader> Moral of the story involving student load debts...
[09:47:30] <Tigerman____> students bebt is arount 20-30K $ a year
[09:47:33] <wrbtrader> Don't send you kids to expensive universities and let them major in "History" :)
[09:48:08] <Tigerman____> first salary arount 70-100K$
[09:48:30] <Tigerman____> so in first working years you pay off
[09:48:55] <Tigerman____> 20k x 5-7 college year debt
[09:48:55] <wrbtrader> Raise your kids to be smart or athletic and try for a scholarship
[09:49:07] <wrbtrader> Best way to cut the university education expenses
[09:49:15] <Tigerman____> problems if you got no job or lower pay job
[09:50:47] <wrbtrader> Shorts Emini ES @ 2162.25 -> large size
[09:50:57] <wrbtrader> 10 contracts
[09:53:17] <wrbtrader> Covered all Emini ES Short @ 2163.00 --> - 0.75
[09:56:58] <wrbtrader> Shorts Emini ES @ 2162.50 -> large size
[09:57:06] <wrbtrader> re-entry
[09:58:38] <wrbtrader> Emini ES futures retesting a support area from Friday involving a lot of contracting volatility
[09:59:01] <wrbtrader> I'm hammering at it a little to see if it can push below it
[10:00:11] <wrbtrader> Someone posted a chart last night about it in their private thread
[10:00:41] <wrbtrader> I would have not notice it had it not been for that discussion in her private thread
[10:01:30] <irza> 59-61 support?
[10:01:30] <wrbtrader> There's some key earnings reports this week
[10:01:39] <wrbtrader> I think mtntrader mentioned them last week
[10:01:54] <irza> yes amzn, apple, goog and FB
[10:02:03] <irza> also FOMC wednesday
[10:02:08] <wrbtrader> Yeah
[10:02:21] <wrbtrader> Hopefully we get some volatility this week
[10:02:39] <irza> RTH range in ES 6 pts, so not a bad start
[10:03:58] <wrbtrader> Emini TF futures and Emini NQ futures is giving the support to keep this price action from dropping like a hot potatoe
[10:04:46] <wrbtrader> TF and NQ seems to be indecisive while YM and ES want to go lower
[10:05:01] <wrbtrader> so much contradiction in the markets this year
[10:05:39] <wrbtrader> I can easily understand why there's record number of investors pulling their money out of the markets this year
[10:07:03] <wrbtrader> Emini NQ futures rolled over but it hit its own support area
[10:07:15] <wrbtrader> Emini TF still indecisive
[10:07:21] <irza> Long Emini ES @ 60.75
[10:08:21] <wrbtrader> Emini TF futures rolled over now and retesting its own support area
[10:08:46] <mtntrader____> If TF and NQ get on board to the downside, it could move quickly, IMO.
[10:10:17] <wrbtrader> Covered all Emini ES Short @ 2060.00 --> + 102.5
[10:10:27] <wrbtrader> correction...
[10:10:39] <wrbtrader> Covered all Emini ES Short @ 2160.00 --> + 2.5
[10:13:15] <irza> Long Emini ES @ 59
[10:13:18] <irza> adding
[10:17:37] <wrbtrader> Emini ES futures is restesting another contracting volatility area from Friday
[10:18:23] <wrbtrader> Prior mention one was around 1115am est Friday and the lower one (current) was around 1015am est Friday
[10:19:11] <wrbtrader> TheStrategyLab WRB Review via SPX and SPY for trading Emini ES futures
[10:20:00] <wrbtrader> Both those contracting volatility areas later setup a Up WRB Hidden GAP interval that push the markets higher on Friday
[10:22:11] <Tigerman____> now Spy testing support of his most recent up WRB hg
[10:23:20] <Tigerman____> spy ES in a clear down move .. just slow action
[10:30:31] <wrbtrader> Forex EurUsd currency 15min chart WRB Analysis review...
[10:31:04] <wrbtrader> Price action currently stuck inside the range of a big Down WRB Hidden GAP interval from Friday
[10:31:29] <wrbtrader> 1045am - 1100am est
[10:32:38] <wrbtrader> Since Sunday night its had some higher lows that pushed price action back upwards into the range of that WRB Zone (unfilled)
[10:32:48] <wrbtrader> TheStrategyLab WRB Analysis Review
[10:33:24] <wrbtrader> If I was trading Forex EurUsd...
[10:34:05] <wrbtrader> I would be hoping for it to push higher to then drop back below the S area of that WRB Zone on increasing volatility OR push higher and take out the R area of that WRB Zone
[10:34:33] <wrbtrader> looking for trade signals near the S or R area
[10:36:11] <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.
[10:41:21] <irza> tough hold
[10:44:41] <irza> Exited all Emini ES Long @ 58.5 --> - 0.5
[10:45:38] <irza> Exited all Emini ES Long @ 59.25 --> + 0.25
[10:46:08] <irza> should be a loss at -1.5
[10:49:43] <wrbtrader> Yeah...that was a tough trade because the price action support change to contraction after your entry
[10:50:17] <irza> ya
[10:50:54] <wrbtrader> That's one of the toughest aspect about trading I don't see many vendors talking about especially those post trades "in advance"
[10:51:08] <wrbtrader> The price action is "always" changing
[10:51:35] <wrbtrader> What we see now and act upon...seconds, minutes, hours or days later the price action will change
[10:51:59] <wrbtrader> All we can do is hope that the change stays in line with our prior analysis when the trade was initiated
[10:52:22] <irza> yea now it works and i'm not in the trade :)
[10:52:33] <wrbtrader> Yep
[10:53:36] <Tigerman____> simply act properly after price change is very hard task
[10:53:41] <werner> hi all
[10:53:54] <Tigerman____> it needs ton of market observation
[10:53:56] <Tigerman____> hi werner
[10:54:24] <Tigerman____> Live chart not hindsight
[10:55:23] <wrbtrader> I keep seeing commentary at other forums like forexfactory.com, traderslaboratory.com, t2w.com, elitetrader.com and univers-bourse.com
[10:55:33] <wrbtrader> comments that the markets never change
[10:56:36] <Tigerman____> ummm they say it directly that it never change or via say one rule and later apply it anytime any conditions wrbtrader ?
[10:56:41] <wrbtrader> Yet, the markets keep going higher, world economies changing, algorithms trying to outsmart the other algorithm, investors pulling money out of the markets...
[10:56:52] <wrbtrader> Of course the markets are changing :)
[10:57:08] <wrbtrader> Tigerman, they say both
[10:57:13] <irza> markets are changing but the rules of the game stay the same lol
[10:57:57] <Tigerman____> sometimes i read some silly post in forex factory
[10:58:11] <Tigerman____> I read that site for eco-news events
[10:58:26] <Tigerman____> simply when in time I read some users post
[10:58:38] <irza> a support zone can 1) reverse former intraday trend 2) chop/pause 3) slice through (lowest odds)
[10:58:44] <irza> so i bet for first 2 options
[10:58:51] <Tigerman____> most wannabe traders are fixated with some rules for any season
[10:59:20] <wrbtrader> Yeah
[11:00:13] <Tigerman____> also most never backtest anything
[11:00:28] <wrbtrader> I think that's a problem...trying to find something so that "one size fits all" situations
[11:00:57] <wrbtrader> Like a strategy that does well in range, trend, low volatility, high volatility, chop or whatever
[11:01:08] <wrbtrader> The holy grail for "one size fits all"
[11:01:20] <Tigerman____> these days I think this way...
[11:01:51] <wrbtrader> We got to specialize in one thing and try very hard to only trade when that "one thing" appears
[11:01:56] <Tigerman____> Algos gain moey mostly frontrunning orders via special privilege
[11:02:08] <Tigerman____> moey=money
[11:02:36] <wrbtrader> Yep and other special priviledges
[11:02:40] <Tigerman____> us as retailer gain money backrunning big money
[11:03:18] <Tigerman____> simply when enought clue Big folk enter we follow them
[11:03:38] <Tigerman____> ready to exit when situation change
[11:04:11] <Tigerman____> 05 :02 : 21 <wrbtrader> We got to specialize in one thing and try very hard to only trade when that "one thing" appears wrbtrader I strongly agreed
[11:04:30] <wrbtrader> Shorts Emini ES @ 2158.25 -> small size
[11:04:37] <wrbtrader> 5 contracts
[11:04:49] <Tigerman____> infact my mistake are when I trade in impatience before that good signal occurs
[11:04:51] <wrbtrader> near the lows of the contracting volatility
[11:05:37] <wrbtrader> Tigerman...you able to get out of those trades quick enough to minimize the mistake due to being impatient ?
[11:07:52] <wrbtrader> Covered all Emini ES Short @ 2157.00 --> + 1.25
[11:07:56] <Tigerman____> I try it very hard
[11:08:01] <wrbtrader> WRB pt1 reached
[11:08:17] <Tigerman____> anyway I scale out contract qucly
[11:08:39] <Tigerman____> I m awrae these days no Big folks no party
[11:10:40] <wrbtrader> They are there but sitting around :)
[11:11:19] <Tigerman____> smart to hidden their intentions
[11:11:33] <wrbtrader> I have more phone conversations, facetime conversations or skype conversations with the few professional traders I know during the summer than any other time of the year...
[11:12:02] <wrbtrader> They are not that busy trading during the summer...
[11:12:24] <wrbtrader> More vacations, more days off, more coffee/donut time at work
[11:12:55] <wrbtrader> Another not discussed issue for us retail traders...tax time
[11:13:05] <wrbtrader> Soon after April...reality hits
[11:13:30] <wrbtrader> There's this shock moment and it last a few months
[11:14:17] <wrbtrader> In fact, without any proof, I notice more attacks and debates at forums, blogs and chat room during the summer...
[11:14:27] <wrbtrader> Soon after tax time
[11:14:36] <wrbtrader> every single year
[11:15:38] <wrbtrader> There's just something nasty about the markets during the summer
[11:16:08] <wrbtrader> I think its much deeper than hearing "its the summer...time to take it easy and have fun"
[11:17:08] <wrbtrader> People crack in the summer
[11:17:17] <Tigerman____> old man was : Sell in May and go away
[11:18:13] <wrbtrader> Maybe its me but this summer seems to be globally a little scarier than normal with all the crazy killings and travel warnings
[11:18:25] <Tigerman____> wrbtrader .. my answer is : usually in summer people small investors do not take new positions or exit
[11:18:51] <wrbtrader> Agree
[11:19:08] <Tigerman____> do not manage their funfs activly like in "working season "
[11:19:26] <Tigerman____> unless some big events show up
[11:19:42] <Tigerman____> then.. fund manager exit positions for them :)
[11:20:04] <wrbtrader> Jan to March...I myself have pulled a lot of money out of the markets instead of letting it sit in my accounts
[11:20:15] <Tigerman____> panic sell... that is when a trader need stay at his desk :)
[11:20:20] <wrbtrader> Just moved them into savings account at the bank
[11:20:50] <Tigerman____> yeah just theses days interest are near zero :(
[11:21:14] <Tigerman____> better then a crash in equity anyway
[11:21:25] <wrbtrader> I just have a higher level of financial fear...like some pending "financial apocalapse" in the global markets
[11:21:50] <Tigerman____> today also you need pick up the right bank and not a problematic one
[11:21:56] <wrbtrader> Markets just feel weird starting in January
[11:23:27] <wrbtrader> I still remember this article back in March...
[11:24:56] <wrbtrader> Financial apocalypse: BIS warns of 'gathering storm' for global economy as markets lose faith in central banks (IBT) @ http://www.ibtimes.co.uk/bis-warns-gath ... ks-1547898
[11:25:12] <wrbtrader> I've been on my heels since that article
[11:26:24] <Tigerman____> I read that article right now
[11:26:38] <wrbtrader> I then had a relative in Germany shot in broad daylight on a somewhat busy street while sitting in his car...
[11:26:42] <wrbtrader> random shooting
[11:26:48] <wrbtrader> Nobody saw a thing :(
[11:26:54] <wrbtrader> Crazy world these times
[11:28:25] <wrbtrader> Throw in the Hilary/Trump situation...
[11:29:00] <Tigerman____> wrbtrader... it is all simple countries issue a lot of debt for economy grow
[11:29:40] <Tigerman____> thet debt is now not in a way to be onored
[11:29:58] <Tigerman____> that is reason for negative interest
[11:30:25] <Tigerman____> then banks have NPL
[11:30:33] <wrbtrader> I hate debt...I use a lot of cash to keep from having it
[11:31:41] <Tigerman____> mortgage and various lend are 20% of NPL in some EU banks !!!
[11:31:54] <Tigerman____> same in US in 2007
[11:32:02] <wrbtrader> Gold GC futures has rebounded back higher since starting its move up after 11am est
[11:32:25] <wrbtrader> Its got a few good looking Up WRB Hidden GAP intervals
[11:36:06] <wrbtrader> Several months ago I was in a heated debate with someone that stated vendors, brokers, charting sources and other market resources do not proplerly give "Risk Warnings" about trading.
[11:36:21] <wrbtrader> He even pointed out I didn't give any warnings
[11:36:51] <wrbtrader> Therefore, I've now created my own Risk Warning webpage for anyone to read @ http://www.thestrategylab.com/Risk-Warning.htm
[11:39:07] <wrbtrader> His argument is that the reason why "warnings" are not given or only have a few sentences about such is that "traders will get scared" and not become clients of the broker, won't buy a trading book, won't subscribe to a charting service and so on
[11:39:18] <wrbtrader> Simply, warnings are bad for business of anything
[11:40:02] <wrbtrader> Anywyas, I could care less if someone stays away from my website because I posted a "risk warnings" about trading :)
[11:40:04] <Tigerman____> ok I read your warnings page
[11:40:26] <Tigerman____> yeah I agree
[11:40:46] <wrbtrader> I think too many people get involved with trading and they should man up to the fact that they ignore the risks involved in trading
[11:41:35] <Tigerman____> yeah people lve illusions
[11:41:46] <Tigerman____> love illusions
[11:41:57] <Tigerman____> same in lottery
[11:42:51] <Tigerman____> about vendors... I thinks strategylab is one of the best
[11:42:59] <mtntrader____> I think most traders are numb to the warnings. Everyone has warning messages and most traders don't even read them. I am guilty myself.
[11:43:24] <Tigerman____> mainly because is not a vendor site more a research group site
[11:43:36] <wrbtrader> Well...I have 14 good reviews and one negative review in different languages
[11:44:08] <wrbtrader> Only one see the website for what it really is..."research to develop new strategies to adapt to changing markets"
[11:45:25] <wrbtrader> I got three new strategies I'm working on...
[11:46:06] <wrbtrader> One involves Shorting these prior contracting volatility area...Shorting their S areas and vice versa for when price reaches a R area
[11:46:16] <mtntrader____> Are the strategies using WRB HGs?
[11:46:29] <wrbtrader> Shorts Emini ES @ 2156.25 -> small size
[11:46:44] <wrbtrader> 5 contracts
[11:46:51] <wrbtrader> mtntrader...yes
[11:47:21] <wrbtrader> just in a different way...after a WRB HG interval is filled on a retracement like the current price action
[11:47:44] <irza> looks like u playing a breakout?
[11:47:45] <wrbtrader> Its being fine tune...not too comfortable with the stats of 46% win rate
[11:48:12] <irza> is your win rate based on a profit target of 2 pts?
[11:48:16] <irza> on average 2 pts
[11:48:22] <mtntrader____> Hmmmm.... please keep us posted.
[11:48:43] <wrbtrader> No...its based upon a WRB pt1 regardless to how many ticks or points that is
[11:48:53] <irza> oh ok
[11:49:24] <wrbtrader> 78% do go my way after entry but then it does poorly after a few ticks
[11:49:42] <wrbtrader> resulting in only 46% win rate
[11:50:00] <wrbtrader> In other words, only 46% reach a WRB pt1
[11:50:55] <wrbtrader> If I fail to exit at a WRB pt1...that's not the strategy fault...its my fault for having poor trade management
[11:52:34] <wrbtrader> Current trade in some serious contracting volatility
[11:52:54] <wrbtrader> will remember this price area tomorrow if price action reaches it again
[11:55:08] <wrbtrader> Reminder about a Market Tendency involving the November U.S. elections...
[11:55:29] <wrbtrader> Markets are usually bullish and its a good time to swing trade to the upside
[11:55:58] <wrbtrader> Yet, this year may be different.
[11:56:34] <wrbtrader> I've never seen this much crazy political stuff and civil unrest going into a U.S. election
[11:57:34] <mtntrader____> Me either. And both party conventions are filled with dissent.
[12:02:56] <wrbtrader> I usually hold Long positions 3x longer during the elections
[12:03:13] <wrbtrader> I've very skeptical about that for this election coming
[12:08:14] <werner> Long Emini NQ @ 4650.00
[12:15:22] <werner> Exited all Emini NQ Long @ 4648.00 --> - 2
[12:15:24] <Tigerman____> sleepy market plus lunch time
[12:16:10] <Tigerman____> nice wrbtrader you have patience to wait till now in your trade
[12:16:33] <werner> Shorts Emini NQ @ 4647.25
[12:17:02] <wrbtrader> Covered all Emini ES Short @ 2156.25 --> 0
[12:17:43] <Tigerman____> yeah nice hold till now
[12:18:11] <Tigerman____> usually I lose my patience and give up with a small loss
[12:18:32] <Tigerman____> problem is when this small loss add each other
[12:22:29] <wrbtrader> Shorts Emini ES @ 2156.25 -> large size
[12:22:35] <wrbtrader> 10 contracts
[12:22:44] <wrbtrader> re-entry
[12:23:35] <werner> Covered 1/2 Emini NQ Short @ 4643.75 --> + 3.5
[12:28:07] <Tigerman____> take care all see next time
[12:30:13] <werner> Covered Remainder Emini NQ Short @ 4646.50 --> + 0.75
[12:31:37] <wrbtrader> Covered all Emini ES Short @ 2156.25 --> 0
[12:31:42] <wrbtrader> geeesh
[12:32:06] <wrbtrader> I had the patience of a snail on those consecutive trades and got nothing
[12:32:59] <werner> :(
[12:33:27] <mtntrader____> :-s
[12:41:43] <werner> Long Emini NQ @ 4647.00
[12:47:57] <werner> Exited all Emini NQ Long @ 4649.25 --> + 2.25
[12:48:02] <werner> brb
[12:56:45] <werner> back
[13:19:46] <werner> maybe ...inverse h&s nq ...lets see
[13:21:43] <werner> Long Emini NQ @ 4651.00
[13:27:38] <werner> Exited 1/2 Emini NQ Long @ 4654.50 --> + 3.5
[13:36:59] <werner> Exited Remainder Emini NQ Long @ 4651.25 --> + 0.25
[13:38:45] <werner> Long Emini NQ @ 4651.50
[13:49:15] <werner> Exited all Emini NQ Long @ 4651.00 --> - 0.5
[14:06:20] <werner> Long Emini NQ @ 4653.25
[14:10:58] <werner> grr mist the wrb pt1
[14:13:10] <werner> Exited all Emini NQ Long @ 4654.00 --> + 0.75
[14:19:35] <mtntrader____> Not even a million ES contracts traded today. Pathetic volume and certainly a reduced chance for volatility.
[14:19:45] <wrbtrader> Agree
[14:20:22] <wrbtrader> I thought there would be a little better price action today with the pending important earnings and KMEs this week
[14:21:15] <mtntrader____> Me too, but nada.
[14:29:58] <mtntrader____> Even the crude pit close was docile. Slow day.
[14:30:54] <wrbtrader> I got my patience back and I'm ready to wait for the action to show up.
[14:31:19] <wrbtrader> I don't want to make the mistake and take the day off and miss the best day of the week
[14:49:48] <werner> Long Emini NQ @ 4653.00
[14:56:44] <werner> pfff
[14:56:55] <werner> Exited all Emini NQ Long @ 4652.00 --> - 1
[14:58:24] <winmax60> short es@2159
[15:05:12] <werner> geesh nq high low is a 13 point move today
[15:08:22] <werner> Shorts Emini NQ @ 4651.00
[15:18:19] <werner> Covered all Emini NQ Short @ 4648.50 --> + 2.5
[15:18:44] <werner> wrb pt1 1 and 2 min
[15:21:02] <winmax60> exit@2158 +1
[15:33:02] <werner> Long Emini NQ @ 4652.25
[15:33:44] <werner> Exited all Emini NQ Long @ 4653.25 --> + 1
[15:40:34] <werner> Long Emini NQ @ 4654.25
[15:45:17] <wrbtrader> last 15 minutes of the regular trading session
[15:45:28] <wrbtrader> Eminis struggling at a reaction high
[15:45:55] <wrbtrader> Long Emini ES @ 2161.00 -> small size
[15:46:02] <wrbtrader> 5 contracts
[15:49:56] <werner> Exited all Emini NQ Long @ 4655.50 --> + 1.25
[15:50:14] <werner> wrb pt1
[15:58:01] <werner> difficult day ..pfff
[15:58:17] <werner> gn mark ..all
[16:00:17] <wrbtrader> Exited all Emini ES Long @ 2162.00 --> + 1
[16:00:51] <wrbtrader> Got greedy instead of taking the WRB pt1 @ 2163.00
[16:01:10] <winmax60> :-(
[17:15:21] <wrbtrader> Take care all and see all tomorrow
[18:21:49] * Disconnected
Session Close: Mon Jul 25 18:21:49 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

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, racist, harassment, lies, hackers, pikers, trolls that's a distraction to members of our chat room, our forum or our website. Yet, the original logs are always maintain for security reasons and legal reasons if needed.

Note: chat logs saved (timestamp) from Qu├ębec, 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

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