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 Post subject: April 10th Monday - Futures, Forex, Stocks and ETF
 Post Posted: Fri Apr 14, 2017 8:33 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2129
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)
http://stocktwits.com/wrbtrader (24/7)

##TheStrategyLab primary purpose is for you to post your WRB Analysis, post your price action analysis, ask real-time questions about WRB Analysis or post your real-time trades in a timestamp environment...the free chat room is a trade journal of your trading day (thoughts and trades). In fact, if you think the only feedback you need is your broker statements...the free chat room will be a waste of your time and you will increase the odds of failing at trading.

The free chat room is located on the Freenode IRC network along with being a serious professional trading chat room for traders that want to talk about your use of 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) merged with your trade methods to improve the performance of their trade methods regardless if you're a position trader, swing trader or day trader. Therefore, you're welcome to use the free 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 because the business model for such isn't suitable for helping traders to succeed as independent traders. 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. Once again, the purpose of the free 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 thoughts and how you interacted with the markets 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. You can then request a private thread for you to share the professional journal analysis of your trading with us for us to review. 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 after we've removed them from the free chat room, removed them from the forum or removed them 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:
041017-Key-Price-Action-Markets.png
041017-Key-Price-Action-Markets.png [ 850.35 KiB | Viewed 2 times ]

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

Session Start: Mon Apr 10 09:27:32 2017
Session Ident: ##TheStrategyLab
[09:27:32] * Now talking in ##TheStrategyLab
[09:27:32] * 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'
[09:27:32] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:27:33] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:42:30] <wrbtrader> Long Emini ES @ 2358.75 -> large size
[09:45:08] <wrbtrader> Exited all Emini ES Long @ 2359.75 --> + 1
[09:45:36] <wrbtrader> lucky exit considering I had some problems entering the trade
[09:45:57] <wrbtrader> First time I tried at 2356.25 (no fill)
[09:46:18] <wrbtrader> Then again at 2357.75 (no fill)
[09:46:53] <wrbtrader> Just seems like my data is a few ticks behind what's actually happening
[09:46:55] <wrbtrader> :(
[09:47:53] <wrbtrader> Not sure if anyone remember prior to my hospitalization last year...
[09:48:08] <wrbtrader> I posted price quotes in here for several weeks
[09:49:11] <wrbtrader> Someone was then monitoring the posts and there stats showed that about 40% of the time I was on average about 2 - 3 ticks behind a fast moving market
[09:49:42] <wrbtrader> Simply, in contracting intervals...broker quotes are accurate
[09:49:54] <wrbtrader> In an expanding (volatile) market...
[09:50:10] <wrbtrader> Broker quotes are 2 - 3 ticks behind
[09:50:39] <wrbtrader> That would explain the "no fills"
[09:50:57] <wrbtrader> 2358.75
[09:51:16] <wrbtrader> Emini ES futures contracting volatility now
[09:51:26] <wrbtrader> 2358.50
[09:57:20] <wrbtrader> 2359.00
[09:57:35] <wrbtrader> 2359.25
[09:58:48] <wrbtrader> 2359.50
[09:59:22] <wrbtrader> 2360.50
[10:13:36] <wrbtrader> 2360.00
[10:29:04] <wrbtrader> contracting volatility in the Emini futures
[10:59:51] <TradeSnake______> Short YM @ 20675
[11:00:20] <wrbtrader> Shorts Emini ES @ 2358.75 -> large size
[11:00:29] <wrbtrader> 10 contracts
[11:02:25] <TradeSnake______> Covered YM @ 20660 --> +15
[11:02:35] <wrbtrader> Covered all Emini ES Short @ 2358.75 --> 0
[11:03:24] <wrbtrader> early exit...I expected it to push below 2358.00 but it did not. In fact, it bounced off the level as if it was support.
[11:04:05] <wrbtrader> I had support @ 2357.75 via the S area of an unfilled Up WRB Hidden Gap interval
[11:04:37] <wrbtrader> Shorts Emini ES @ 2358.50 -> large size
[11:04:52] <wrbtrader> Thus, the minimum I was looking for on that prior Short was +1 point
[11:05:11] <wrbtrader> re-entry
[11:05:17] <wrbtrader> 10 contracts
[11:05:31] <wrbtrader> It retested the 2358 again
[11:10:05] <TradeSnake______> VWAP right at 2358 in ES. Do you ever monitor the VWAP? I've noticed emini's often tend to find support/resistance at these levels. At least on initial trusts...
[11:10:56] <wrbtrader> Covered all Emini ES Short @ 2358.75 --> - 0.25
[11:18:36] <wrbtrader> Shorts Emini ES @ 2359.75 -> large size
[11:18:42] <wrbtrader> re-enty
[11:18:46] <wrbtrader> re-entry
[11:22:17] <wrbtrader> Covered all Emini ES Short @ 2359.00 --> + 0.75
[11:33:09] <wrbtrader> Shorts Emini ES @ 2356.50 -> large size
[11:33:33] <wrbtrader> Emini ES futures now below the earlier mentioned S area
[11:34:55] <wrbtrader> Covered all Emini ES Short @ 2354.50 --> + 2
[11:35:06] <wrbtrader> WRB pt1 reached
[11:35:20] <wrbtrader> actually a WRB pt2
[11:42:19] <wrbtrader> Shorts Emini ES @ 2352.00 -> large size
[11:42:27] <wrbtrader> 10 contracts
[11:42:37] <wrbtrader> re-entry
[11:43:01] <wrbtrader> that's a lot of downside pressure
[11:43:55] <wrbtrader> Covered all Emini ES Short @ 2352.00 --> 0
[11:45:00] <wrbtrader> Shorts Emini ES @ 2352.25 -> large size
[11:45:11] <wrbtrader> re-entry
[11:47:51] <wrbtrader> data problems
[11:48:06] <wrbtrader> quotes died @ 2358.25
[11:48:33] <wrbtrader> Covered all Emini ES Short @ 2352.50 --> - 0.25
[11:48:40] <wrbtrader> :(
[12:09:02] <wrbtrader> Shorts Emini ES @ 2352.50 -> large size
[12:09:13] <wrbtrader> 10 contracts
[12:09:21] <wrbtrader> re-entry
[12:10:35] <wrbtrader> :(
[12:10:45] <wrbtrader> Covered all Emini ES Short @ 2352.25 --> + 0.25
[12:11:11] <wrbtrader> volatility was starting to show up...then it quickly disappeared
[12:11:25] <wrbtrader> taking my trail stop too
[12:11:46] <wrbtrader> I know it was tight but the contraction required me to make it a tight trail stop
[12:12:15] <wrbtrader> Shorts Emini ES @ 2351.25 -> large size
[12:13:10] <wrbtrader> Covered all Emini ES Short @ 2349.00 --> + 2.25
[12:13:20] <wrbtrader> WRB pt1 reached
[12:14:27] <wrbtrader> In the past...with price movement pressure like this...
[12:14:38] <wrbtrader> I normally went 20 contracts
[12:15:19] <wrbtrader> I'm still not at where I want to be involving the "mental edge" I need to psychologically manage position size that large
[12:15:41] <wrbtrader> I had it once until my illness last year
[13:39:30] <wrbtrader> Impressive retracement by the Emini futures back to the contracting volatility intervals that occurred just prior to the big price drop
[14:04:21] <wrbtrader> Shorts Emini ES @ 2356.00 -> large size
[14:04:35] <wrbtrader> 10 contracts
[14:05:43] <wrbtrader> Covered all Emini ES Short @ 2354.75 --> + 1.25
[14:17:51] <wrbtrader> Long Emini ES @ 2357.25 -> small size
[14:17:57] <wrbtrader> 5 contracts
[14:22:29] <wrbtrader> Exited all Emini ES Long @ 2357.00 --> - 0.25
[14:23:23] <wrbtrader> Long Emini ES @ 2357.50 -> small size
[14:23:37] <wrbtrader> Prior trade...trail stop was tight
[14:24:17] <wrbtrader> I'm keeping stats on trail of 3 ticks or less...
[14:24:42] <wrbtrader> Hopefully by mid-summer I can use the info to help with trading in contracting volatility
[14:25:04] <wrbtrader> re-entry 5 contracts
[14:27:22] <wrbtrader> Exited all Emini ES Long @ 2356.75 --> - 0.75
[14:28:14] <wrbtrader> price action now below the S area of the most recent contraction
[14:29:27] <wrbtrader> Shorts Emini ES @ 2356.00 -> large size
[14:29:39] <wrbtrader> 10 contracts
[14:29:44] <wrbtrader> increasing volatility
[14:32:32] <wrbtrader> Covered all Emini ES Short @ 2356.00 --> 0
[14:33:01] <wrbtrader> almost a WRB pt1 and then it retraced back upwards
[14:33:30] <wrbtrader> Shorts Emini ES @ 2355.75 -> large size
[14:33:37] <wrbtrader> re-entry
[14:35:39] <wrbtrader> Covered all Emini ES Short @ 2355.75 --> 0
[14:50:30] <wrbtrader> Long Emini ES @ 2358.50 -> small size
[14:50:37] <wrbtrader> 5 contracts
[14:51:13] <wrbtrader> near the R area of the most recent Up WRB Hidden Gap interval
[14:55:34] <wrbtrader> :(
[14:55:48] <wrbtrader> Exited all Emini ES Long @ 2358.75 --> + 0.25
[14:56:06] <wrbtrader> early exit...got some family distractions
[14:56:09] <wrbtrader> be back later
[16:37:42] <wrbtrader> Take care all and see all tomorrow
[16:49:32] * Disconnected
Session Close: Mon Apr 10 16:49:33 2017

-------------------------

##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 free 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.

Quote:
The free chat room is not a signal calling trading room and we do not believe in the business model of a head trader telling other traders when to buy and sell. Its a flawed approach to trading in which a trader can not learn how to be a successful independent trader.

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.

Review of TheStrategyLab @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167

TheStrategyLab Review @ http://www.thestrategylab.com/thestrategylab-reviews.htm

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)
TheStrategyLab 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 (24/7)
http://twitter.com/wrbtrader (24/7)
http://stocktwits.com/wrbtrader (24/7)


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