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 Post subject: July 27th Wednesday - Futures, Forex, Stocks and ETF
 Post Posted: Wed Jul 27, 2016 8:25 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2522
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 (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.

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:
072716-Key-Price-Action-Markets.png
072716-Key-Price-Action-Markets.png [ 1.03 MiB | Viewed 28 times ]

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

Session Start: Wed Jul 27 09:27:33 2016
Session Ident: ##TheStrategyLab
[09:27:33] * Now talking in ##TheStrategyLab
[09:27:33] * 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'
[09:27:33] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:27:34] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:33:32] <patrader> Good Morning all
[09:34:44] <irza> gm
[09:34:55] <Tigerman____> gm all
[09:34:58] <wrbtrader> Hi patrader...you don't often show up in here
[09:35:16] <wrbtrader> You on vacation and decided to drop by the chat room
[09:35:31] <patrader> Hi. I know. Took a break to finish up some other projects.
[09:35:42] <patrader> You'll start seeing me much more regularly over the next couple weeks.
[09:35:51] <wrbtrader> Ahh...ok
[09:35:57] <wrbtrader> good
[09:36:50] <wrbtrader> FYI - Some read my "frequently asked questions" webpage after I started posting direct links to it...
[09:37:15] <wrbtrader> Main response was that they did not know they had a "private thread" at the forum.
[09:38:15] <wrbtrader> Everybody has one and its for you to discuss how you're merging WRB Analysis into your own trade method or questions about any trade strategy with WRB Analysis merged into it
[09:38:42] <wrbtrader> You can use your private thread to discuss your own proprietary methods if you don't want others to have access to it
[09:38:59] <patrader> Thanks for the heads up. Will look into it and take advantage.
[09:39:16] <wrbtrader> Also, you can use your private thread to post your brokerage statements, trade journal or statistical analysis
[09:40:04] <wrbtrader> Everybody with a private thread needs to know its for your eyes only...all information in your private thread will NOT be shared with anyone
[09:40:23] <wrbtrader> unless you specifically tell me to share it (that's never happen)
[09:40:30] <wrbtrader> :)
[09:40:45] <wrbtrader> patrader...see private message
[09:43:39] <wrbtrader> Key KME today is the FOMC Rate Announcement
[09:57:48] <wrbtrader> Emini futures low volatility, VIX low volatility and the lack of volatility in other key markets...
[09:58:09] <wrbtrader> I hope this doesn't mean its going to be a boring FOMC Announcement
[09:59:51] <mtntrader____> If they raise rates, which wouldn't really surprise me, then it could be a nice volatile afternoon.
[10:04:16] <patrader> I'd be pretty surprised if they did, but certainly would make for a fun afternoon.
[10:04:57] <TradeSnake______> Long YM @ 18466
[10:09:05] <werner> hi all
[10:09:39] <TradeSnake______> Covered YM @ 18458 --> -8
[10:10:38] <mtntrader____> Big divergence between TF and the other two I follow, NQ & ES.
[10:13:17] <werner> nq at the december highs
[10:20:12] <werner> Shorts Emini NQ @ 4696.50
[10:21:15] <werner> Covered all Emini NQ Short @ 4695.00 --> + 1.5
[10:21:30] <patrader> KME Pending @ 10:30 AM EST- Crude Oil Inventories
[10:21:54] <werner> thanks
[10:31:11] <wrbtrader> Huge drop in CL futures
[10:31:28] <wrbtrader> didn't see the KME doing that
[10:31:51] <wrbtrader> meant...I didn't expect the Oil KME to do that to the price
[10:33:20] <wrbtrader> Shorts Emini ES @ 2161.25 -> large size
[10:33:33] <wrbtrader> 10 contracts
[10:36:43] <wrbtrader> Covered all Emini ES Short @ 2160.75 --> + 0.5
[10:36:55] <wrbtrader> stalled
[10:38:51] <wrbtrader> Shorts Emini ES @ 2160.75 -> large size
[10:38:59] <wrbtrader> 20 contracts
[10:39:23] <wrbtrader> :(
[10:45:05] <wrbtrader> Covered 1/2 Emini ES Short @ 2158.50 --> + 2.25
[10:46:48] <wrbtrader> price action a little choppy now
[10:47:56] <wrbtrader> Covered Remainder Emini ES Short @ 2159.50 --> + 1.25
[10:48:24] <wrbtrader> more and more contracting volatility showing up
[10:54:38] <werner> Long Emini NQ @ 4692.
[10:56:46] <wrbtrader> So far today, Treasury Bonds and Eurex Fixed Income BUND is bullish
[10:59:23] <werner> Exited all Emini NQ Long @ 4690.00 --> - 2
[11:09:29] <wrbtrader> werner...you in Germany ?
[11:09:44] <wrbtrader> I can't remember
[11:11:13] <wrbtrader> send me a pm if you don't want to answer to keep it out of the logs
[11:23:42] <werner> ow sorry wrb ...back at the deksk now
[11:24:14] <werner> i am from holland near germany
[11:24:33] <wrbtrader> Ok
[11:25:34] <werner> Long Emini NQ @ 4694.75
[11:26:30] <werner> Exited all Emini NQ Long @ 4696.75 --> + 2
[11:30:40] <wrbtrader> Forex GBPUSD currency has been quiet for a few days. Currently sitting near the S area of that big down WRB Hidden GAP interval of Friday (TheStrategyLab WRB Review)
[11:50:44] <wrbtrader> I know some of you guys use "volume analysis"
[11:52:20] <wrbtrader> There's a book called "Investing With Volume Analysis: Identify, Follow, and Profit from Trends" by Buff Pelz Dormeier
[11:52:50] <wrbtrader> https://www.amazon.ca/Investing-Analysi ... 0133381048
[11:53:24] <wrbtrader> I read the book a few years back at the library
[11:54:01] <werner> is it german ?
[11:54:02] <wrbtrader> I thought it was a good read and didn't even notice the author mention my site in the back of the book :)
[11:54:28] <werner> lol
[11:54:52] <wrbtrader> I myself don't even use volume but I've work with a few anonymous authors that do use volume
[11:56:03] <wrbtrader> Funny, there are three other authors mentioned in that book at are clients of TheStrategyLab
[11:57:10] <wrbtrader> all of them I didn't even know have written articles in Stocks & Commodities magazine, New York Times, ActiveTradermag.com and others
[11:57:16] <wrbtrader> weird
[11:58:37] <wrbtrader> I feel left out :)
[11:58:44] <wrbtrader> sarcasm
[11:59:32] <mtntrader____> Ha
[11:59:37] <werner> Shorts Emini NQ @ 4687.50
[12:01:43] <wrbtrader> some down pressure showed up in the Emini futures but its struggling to gain volatility
[12:03:23] <werner> geeesh
[12:03:40] <wrbtrader> Yeah...I saw it too...nasty snapback upwards
[12:04:50] <werner> :(
[12:05:45] <werner> Covered 1/2 Emini NQ Short @ 4686.00 --> + 1.5
[12:06:45] <wrbtrader> rolled back over southward
[12:08:35] <werner> Covered Remainder Emini NQ Short @ 4686.75 --> + 0.75
[12:09:24] <werner> cant hold it :(
[12:11:36] <werner> Shorts Emini NQ @ 4685.00
[12:12:44] <werner> Covered all Emini NQ Short @ 4684.00 --> + 1
[12:51:03] <irza> any of you familiar with Jigsawtrading tools?
[12:51:17] <irza> owner Peter Davies
[12:51:58] <mtntrader____> Yes, good stuff if you are into tape reading and order flow.
[12:52:06] <wrbtrader> Yep
[12:52:21] <wrbtrader> a few users of WRB Analysis are using Jigsawtrading
[12:52:29] <irza> client of yours too wrbtrader?
[12:52:42] <wrbtrader> just users that are using both
[12:52:47] <irza> oh ok
[12:53:04] <wrbtrader> I don't teach tape reading, market depth, order flow stuff
[12:53:33] <irza> mtntrader, are u currently using the vista auction?
[12:53:39] <wrbtrader> The WRB Analysis users (thw two traders) are getting their order flow educatioin from Jigsawtrading
[12:53:57] <irza> thanks wrb
[12:54:26] <mtntrader____> No, I just see some of Peter's webinar presentations.
[12:55:16] <irza> im guessing people that use order flow will only specialize in one instrument
[13:00:05] <wrbtrader> irza...that's my opinion too
[13:00:23] <wrbtrader> Traders of order flow are specializing in one specific trading instrument
[13:04:35] <wrbtrader> irza...you should post messages at the forum about your curiosity with order flow or Jigsawtrading
[13:04:56] <wrbtrader> The forum gets cached by Google much better than the chat room logs
[13:05:26] <wrbtrader> You'll also be reaching out to more users of the stuff that's waiting for someone else to talk about it
[13:05:53] <irza> ok will do that
[13:14:04] <werner> mm smal range ...last hour
[13:14:58] <werner> i hope some vola soon....
[13:28:23] <werner> Long Emini NQ @ 4687.00
[13:29:09] <werner> Exited all Emini NQ Long @ 4686.00 --> - 1
[13:41:10] <wrbtrader> Wow...I'm surprise that so many key markets have this much contracting volatility leading into the 2pm est FOMC Anouncement
[13:45:10] <werner> Long Emini NQ @ 4688.25
[13:45:34] <wrbtrader> FOMC Announcements after all these years of trading is the only thing that still gives me "butterfly" (nervous) feeling in my gut when I take trades in reaction to it
[13:45:51] <werner> Exited all Emini NQ Long @ 4690.00 --> + 1.75
[13:58:02] <wrbtrader> I primarily use the 1min charts during FOMC trading
[13:58:43] <wrbtrader> I"ve tried tick charts in the past but they're just too fast for me when I do my WRB Analysis
[14:00:25] <werner> for me too :)
[14:01:29] <wrbtrader> Long Emini ES @ 2156.25 -> large size
[14:01:39] <wrbtrader> 10 contracts
[14:02:29] <werner> Long Emini NQ @ 4690.00
[14:02:45] <wrbtrader> snapback upwards
[14:02:57] <wrbtrader> doesn't look like it will hold :(
[14:03:21] <werner> Exited all Emini NQ Long @ 4689.00 --> - 1
[14:03:29] <wrbtrader> Exited all Emini ES Long @ 2157.25 --> + 1
[14:04:05] <wrbtrader> Long Emini ES @ 2157.00 -> large size
[14:04:12] <wrbtrader> re-entry
[14:04:19] <wrbtrader> 10 contracts
[14:06:19] <wrbtrader> spiked around and now the Emini ES futures is stuck inside the range of the contracting volatility price area just before the FOMC Announcement
[14:06:47] <werner> Long Emini NQ @ 4688.00
[14:08:10] <werner> Exited all Emini NQ Long @ 4691.00 --> + 3
[14:08:33] <wrbtrader> Exited all Emini ES Long @ 2158.25 --> + 1.25
[14:09:15] <wrbtrader> The price action of Emini TF futures (going down) spooked me out of the Long in Emini ES futures
[14:09:21] <werner> mm russel
[14:09:29] <werner> :)
[14:13:46] <wrbtrader> nasty chop
[14:13:52] <werner> indd
[14:15:14] <werner> Long Emini NQ @ 4690.00
[14:16:55] <werner> Exited all Emini NQ Long @ 4700.00 --> + 10
[14:16:58] <wrbtrader> nice
[14:17:15] <werner> pfff tx :)
[14:17:19] <wrbtrader> There's a nice looking Up WRB Hidden GAP interval below the current price level
[14:17:41] <wrbtrader> HOpeflly it attracts more Longs instead of the faders
[14:18:43] <werner> lets see
[14:19:52] <wrbtrader> Faders showed up for a fight...not sure whom has brass knuckles
[14:23:12] <wrbtrader> Long Emini ES @ 2163.75 -> large size
[14:23:21] <wrbtrader> 10 contracts
[14:25:24] <wrbtrader> Exited all Emini ES Long @ 2162.50 --> - 1.25
[14:25:35] <wrbtrader> Gold GC futures pushing higher
[14:26:19] <wrbtrader> Shorts Emini ES @ 2161.75 -> large size
[14:26:36] <wrbtrader> 5+5 contracts
[14:32:14] <wrbtrader> Covered all Emini ES Short @ 2161.00 --> + 0.75
[14:32:25] <wrbtrader> chop
[14:35:25] <wrbtrader> Long Emini ES @ 2162.75 -> large size
[14:35:33] <wrbtrader> 10 contracts
[14:37:16] <wrbtrader> Exited all Emini ES Long @ 2162.25 --> - 0.5
[14:44:28] <wrbtrader> range then spike then range
[14:49:51] <werner> yeah ist hard too make some money the last days :)
[14:50:15] <werner> :( lol
[14:53:15] <werner> mm russel
[15:00:50] <werner> Long Emini NQ @ 47.1.00
[15:01:50] <werner> Exited all Emini NQ Long @ 4702.00 --> + 4702.00 - 47.1.00
[15:02:35] <werner> Long Emini NQ @ 4701.00
[15:02:52] <werner> Exited all Emini NQ Long @ 4702.00 --> + 1
[15:04:41] <werner> Long Emini NQ @ 4702.50
[15:05:35] <werner> Exited all Emini NQ Long @ 4705.00 --> + 2.5
[15:08:16] <werner> Long Emini NQ @ 4703.50
[15:12:35] <werner> Exited all Emini NQ Long @ 4705.00 --> + 1.5
[15:24:30] <werner> my eyes burn.....gn all
[15:44:42] <TradeSnake______> Short YM @ 18430
[15:46:59] <TradeSnake______> Covered YM @ 18412 --> +18
[15:47:26] <wrbtrader> Shorts Emini ES @ 2161.00 -> large size
[15:47:34] <wrbtrader> 10 contracts
[15:48:13] <wrbtrader> retesting the R area of the first WRB Hidden Gap interval that appeared after the FOMC Announcement
[15:50:08] <wrbtrader> Covered all Emini ES Short @ 2161.25 --> - 0.25
[15:51:00] <wrbtrader> Shorts Emini ES @ 2161.75 -> large size
[15:51:09] <wrbtrader> 20 contracts
[15:51:11] <wrbtrader> re-entry
[15:52:16] <wrbtrader> I'm not giving up on that R area of the key WRB Hidden GAP interval
[15:56:37] <wrbtrader> WRB pt1 reached
[15:57:47] <wrbtrader> Covered 1/2 Emini ES Short @ 2160.50 --> + 1.25
[15:58:58] <wrbtrader> Covered Remainder Emini ES Short @ 2161.00 --> + 0.75
[15:59:09] <wrbtrader> funky chop showed up
[15:59:45] <wrbtrader> Shorts Emini ES @ 2161.50 -> large size
[15:59:52] <wrbtrader> 10 contracts
[15:59:56] <wrbtrader> re-entry
[16:02:23] <wrbtrader> a lot of pick pocketing occuring around this R area
[16:02:46] <wrbtrader> increasing volatility
[16:02:52] <wrbtrader> WRB pt1 reached
[16:04:32] <wrbtrader> Covered all Emini ES Short @ 2159.75 --> + 1.75
[16:05:21] <wrbtrader> Shorts Emini ES @ 2161.00 -> small size
[16:05:28] <wrbtrader> 5 contracts
[16:05:38] <wrbtrader> re-entry near the R area
[16:06:45] <wrbtrader> Emini NQ took off northward after it bounced off the R area of its own first WRB Hidden GAP interval related to the KME FOMC
[16:10:10] <wrbtrader> Covered all Emini ES Short @ 2160.75 --> + 0.25
[16:10:15] <wrbtrader> :(
[16:10:38] <wrbtrader> I hammered that price area and did not catch what I wanted...a WRB pt2
[16:12:06] <wrbtrader> Emini ES futures still jumpy
[16:17:34] <wrbtrader> Take care all and see all tomorrow
[20:12:12] * Disconnected
Session Close: Wed Jul 27 20:12:14 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
wrbanalysis@gmail.com


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