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 Post subject: April 20th Thursday - Futures, Forex, Stocks and ETF
 Post Posted: Thu Apr 27, 2017 5:50 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)
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:
042017-Key-Price-Action-Markets.png
042017-Key-Price-Action-Markets.png [ 834.61 KiB | Viewed 217 times ]

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

Session Start: Thu Apr 20 09:33:07 2017
Session Ident: ##TheStrategyLab
[09:33:07] * Now talking in ##TheStrategyLab
[09:33:07] * 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'
[09:33:07] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:33:08] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:35:42] <werner1> Shorts Emini NQ @ 5427.00
[09:39:28] <werner1> Covered all Emini NQ Short @ 5424 --> + 3
[09:39:48] <werner1> wrb pt1
[09:41:46] <wrbtrader> Shorts Emini ES @ 2339.75 -> large size
[09:41:52] <wrbtrader> 10 contractes
[09:49:26] <wrbtrader> Covered all Emini ES Short @ 2339.25 --> + 0.5
[09:50:07] <wrbtrader> Shorts Emini ES @ 2339.00 -> large size
[09:50:14] <wrbtrader> re-entry
[09:50:23] <wrbtrader> 10 contracts
[09:50:42] <wrbtrader> prior trade was not a WRB pt1
[09:53:41] <wrbtrader> Covered all Emini ES Short @ 2339.75 --> - 0.75
[09:54:26] <wrbtrader> Long Emini ES @ 2340.00 -> large size
[09:54:34] <wrbtrader> 10 contracts
[09:57:43] <wrbtrader> Exited all Emini ES Long @ 2338.50 --> - 1.5
[09:58:45] <wrbtrader> Shorts Emini ES @ 2337.75 -> large size
[09:58:48] <wrbtrader> S area broken below for the recent contracting volatility intervals
[09:59:03] <wrbtrader> 10 contracts
[10:00:27] <wrbtrader> price climbed back above the S area
[10:00:43] <wrbtrader> Covered all Emini ES Short @ 2339.75 --> - 2
[10:02:14] <wrbtrader> Shorts Emini ES @ 2340.25 -> large size
[10:02:35] <wrbtrader> 10 contracts
[10:03:40] <wrbtrader> Covered all Emini ES Short @ 2340.25 --> 0
[10:10:50] <wrbtrader> Long Emini ES @ 2343.50 -> large size
[10:11:09] <wrbtrader> 10 contracts
[10:11:58] <wrbtrader> That was a big breakout above the contracting volatility and it was fast
[10:12:14] <wrbtrader> too fast to catch
[10:14:23] <wrbtrader> Exited all Emini ES Long @ 2343.50 --> 0
[10:17:53] <wrbtrader> Shorts Emini ES @ 2343.00 -> large size
[10:21:40] <wrbtrader> Covered all Emini ES Short @ 2342.75 --> + 0.25
[10:21:54] <wrbtrader> I just got a phone call from my lawyer about what happen with my medical files that the hospital wouldn't release to me...
[10:22:47] <wrbtrader> Hospital had given me the "wrong medication" that caused me to lapse into a coma via my blood pressure suddenly dropping causing shock
[10:24:27] <TradeSnake______> Wow... Lawsuit coming?
[10:25:04] <werner1> djeez mark
[10:26:23] <wrbtrader> Most likely especially because the nurses attempted to cover up their mistake in which the doctors were not aware of the mistake
[10:27:26] <werner1> tssss
[10:27:33] <wrbtrader> Had I died...nobody would have been aware of the mistake except the nurses involved...same nurses covering up their own error
[10:28:22] <werner1> madnes
[10:28:39] <wrbtrader> I'm highly allergic to some medicines and the report paper work I filled up about the specific info was not reviewed by the nurses...
[10:29:33] <wrbtrader> It was only reviewed AFTER they injected me and I then fainted within 10 minutes after the injection
[10:29:34] <TradeSnake______> That's unbelievable
[10:30:09] <werner1> indd
[10:31:36] <wrbtrader> Same place that lost my medical cards that caused a delay in my family being contacted
[10:32:20] <wrbtrader> I was lucky to have spoken to a physical therapist that recognize me waiting in the wait room filling out paper work prior to seeing a doctor
[10:32:49] <werner1> horror story
[10:32:58] <wrbtrader> She's an friend I hadn't seen in about 5 years that said she would check in on me to see how I was doing...
[10:33:46] <wrbtrader> She was the one that contacted my family after she checked in on me and found out I collapesed and was unconscious...being transported to another hospital
[10:36:11] <wrbtrader> Shorts Emini ES @ 2340.75 -> large size
[10:36:24] <wrbtrader> 10 contracts
[10:37:24] <wrbtrader> Price action had a chance to expand but it quickly retreacted and is now trying to contract into a trading range
[10:38:47] <wrbtrader> Covered all Emini ES Short @ 2340.75 --> 0
[10:42:00] <wrbtrader> Shorts Emini ES @ 2341.25 -> large size
[10:42:14] <wrbtrader> early entry before confirmation
[10:46:57] <wrbtrader> Covered all Emini ES Short @ 2341.75 --> - 0.5
[10:54:18] <wrbtrader> volitility expanding again but ES isn't following the way it should be
[10:57:37] <wrbtrader> Long Emini ES @ 2343.00 -> large size
[10:57:58] <wrbtrader> 10 contracts
[10:58:52] <wrbtrader> :(
[10:58:59] <wrbtrader> geeesh
[10:59:53] <wrbtrader> Exited all Emini ES Long @ 2343.25 --> + 0.25
[11:00:51] <wrbtrader> I expected it to take off upwards but it instead contracted...lucky to exit with a profit
[11:05:43] <wrbtrader> Shorts Emini ES @ 2341.50 -> large size
[11:06:24] <wrbtrader> :(
[11:06:50] <wrbtrader> ES snapping back upwards :(
[11:06:54] <wrbtrader> not sure how
[11:09:08] <wrbtrader> Covered all Emini ES Short @ 2342.25 --> - 0.75
[11:13:13] <wrbtrader> Long Emini ES @ 2342.50 -> large size
[11:13:30] <wrbtrader> 10 contracts
[11:13:38] <wrbtrader> early entry before confirmation
[11:16:43] <wrbtrader> Exited all Emini ES Long @ 2342.25 --> - 0.25
[11:17:13] <wrbtrader> volatility indices spike killed that trade
[11:17:47] <wrbtrader> They produced a Up WRB Hidden GAP interval...
[11:17:55] <wrbtrader> ES immediately retraced
[11:24:51] <wrbtrader> Long Emini ES @ 2343.50 -> large size
[11:25:25] <wrbtrader> b.s.
[11:26:14] <wrbtrader> ES should have shot upwards by about 2 points and only moved a few ticks above 2343.00
[11:26:47] <wrbtrader> Its trailing the volatility spikes and then fighting them
[11:29:52] <wrbtrader> Exited all Emini ES Long @ 2344.75 --> + 1.25
[11:30:19] <wrbtrader> That was a strange trade
[11:35:48] <wrbtrader> Long Emini ES @ 2345.50 -> large size
[11:36:03] <wrbtrader> 10 contracts
[11:36:58] <wrbtrader> price action climbing up a prior long upper shadow interval...its a visual error
[11:37:36] <wrbtrader> Will try to exit this trade at breakever on a tick better
[11:38:26] <wrbtrader> Exited all Emini ES Long @ 2345.75 --> + 0.25
[11:38:48] <wrbtrader> Lucky exit after the analysis error
[11:42:38] <wrbtrader> sneaky sudden price retracement...didn't see that coming
[11:43:58] <werner1> bbl
[12:11:31] <wrbtrader> Took a quick lunch...
[12:11:59] <wrbtrader> ES finally broke to the upside
[12:12:13] <wrbtrader> Not sure why it fought hard for so long
[12:13:04] <wrbtrader> Twice when I thought it should have spiked upwards by a few points...it only moved a few ticks and then retrace...going back n forth
[12:13:44] <wrbtrader> both times I had Long positions...took a loss and a small winner
[12:13:53] <wrbtrader> big loss
[12:14:22] <wrbtrader> meant small loss
[12:18:18] <wrbtrader> There's also a visual problem now...
[12:18:40] <wrbtrader> Something I discussed often in the past involving "chart illusion"
[12:19:28] <wrbtrader> Hindsight charts right now shows contraction volatility all the way up
[12:20:26] <wrbtrader> In contrast, if you scroll backwards and view the intervals as they were occuring...you will not notice the volatility spikes (the few)
[12:20:44] <wrbtrader> Long Emini ES @ 2352.25 -> large size
[12:20:50] <wrbtrader> 10 contracts
[12:20:58] <wrbtrader> Like now is a great example
[12:21:05] <wrbtrader> volatility is spiking
[12:21:58] <wrbtrader> A fw hours from now in hindsight...it will not show the volatility spike because its surrounded by many contracting intervals
[12:22:25] <wrbtrader> Thus, its there but the illusion via the hindsight...its not there
[12:23:30] <wrbtrader> Exited all Emini ES Long @ 2351.50 --> - 0.75
[12:28:07] <wrbtrader> Long Emini ES @ 2351.50 -> large size
[12:28:23] <wrbtrader> 10 contracts
[12:29:55] <wrbtrader> A lot of contracts moved thru in the past 15 minutes
[12:30:22] <wrbtrader> Surprising because its the mid-day trading session
[12:30:42] <wrbtrader> Its very controlled
[12:33:10] <wrbtrader> I don't like to use the word "manipulated" but this price action is highly suspicious
[12:34:38] <wrbtrader> In the past it would have spiked upwards in the current condition
[12:35:09] <wrbtrader> A lot of contracts but tight trading range again
[12:35:58] <wrbtrader> Range comment in referrence to past 15 minutes
[12:36:12] <wrbtrader> Exited all Emini ES Long @ 2351.75 --> + 0.25
[12:36:33] <wrbtrader> Overall Range for the day is obviously expanding upwards
[12:37:04] <wrbtrader> Essentially its a sneaky trend day
[12:38:13] <wrbtrader> That's when the trend establishes itself during the mid-day trading session
[12:38:33] <wrbtrader> During a time period when there typically isn't a ton of contracts moving thru
[12:38:53] <wrbtrader> Yet, there's a lot of contracts moving thru
[12:48:37] <wrbtrader> Emini YM futures almost retracing two prior down days
[12:51:46] <wrbtrader> Long Emini ES @ 2353.75 -> large size
[12:53:54] <wrbtrader> :(
[12:54:51] <wrbtrader> Exited all Emini ES Long @ 2353.75 --> 0
[12:55:25] <wrbtrader> trade was not in any danger...just didn't trust my analysis of the price action after I entered the trade
[13:34:49] <wrbtrader> Gotta take another break from trading...hopefully it doesn't move big again while I'm gone
[15:14:40] <werner1> Shorts Emini NQ @ 5442.00
[15:17:13] <werner1> Shorts Emini NQ @ 5452.00
[15:17:29] <werner1> sorry
[15:20:19] <werner1> Covered all Emini NQ Short @ 5449.00 --> + 3
[15:24:35] <werner1> Long Emini NQ @ 5446.25
[15:26:43] <werner1> Exited all Emini NQ Long @ 5448.00 --> + 1.75
[15:45:19] <werner1> gn all
[15:51:01] <wrbtrader> A losing trading day for me...
[15:51:45] <wrbtrader> Spent too much time trading in that initial range that tried hard to expand upwards but only go back into the price area of the range.
[15:52:11] <wrbtrader> Then when it broke to the upside...I wasn't ready and/or away from the computer
[15:52:34] <wrbtrader> Just a day where I wasn't able to take advantage of the expanding volatility when it showed up :(
[15:53:17] <wrbtrader> I'm going to assume the price energy of Emini ES will do the same for the 4pm est rush hour traffic
[15:53:30] <wrbtrader> Thus, I'm not willing to get bounced around again
[15:53:36] <wrbtrader> Take care all and see all tomorrow
Session Close: Fri Apr 21 00:00:01 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 Québec, 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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