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 Post subject: June 7th Wednesday - Futures, Forex, Stocks and ETF
 Post Posted: Thu Jun 08, 2017 6:31 pm 
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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
TheStrategyLab Reviews: http://www.thestrategylab.com/thestrategylab-reviews.htm
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:
060717-Key-Price-Action-Markets.png
060717-Key-Price-Action-Markets.png [ 878.32 KiB | Viewed 245 times ]

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

Session Start: Wed Jun 07 09:30:59 2017
Session Ident: ##TheStrategyLab
[09:30:59] * Now talking in ##TheStrategyLab
[09:30:59] * 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'
[09:30:59] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:30:59] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:43:17] <wrbtrader> Good morning all
[09:44:33] <wrbtrader> I'm still enjoying the volatility from yesterday that had showed up because I almost called it quits early in the morning at the first contraction in the volatility
[09:53:05] <wrbtrader> Again, Emini NQ futures has the better volatility today
[10:33:42] <wrbtrader> Shorts Emini ES @ 2430.50 -> large size
[10:33:56] <wrbtrader> 5 contracts + 5 contractes
[10:34:48] <wrbtrader> I have some data problem...the price action between 2431.00 to 2431.75 not showing up
[10:35:12] <wrbtrader> looks like a big gap but I know that's not possible
[10:38:59] <wrbtrader> Emini NQ futures trying hard to travel down the range of an earlier long lower shadow interval
[10:40:16] <wrbtrader> Its the reason why I'm still holding this trade for a WRB
[10:40:24] <wrbtrader> WRB pt1 reached
[10:41:08] <wrbtrader> Covered 1/2 Emini ES Short @ 2427.50 --> + 3
[10:41:22] <wrbtrader> Covered Remainder Emini ES Short @ 2427.75 --> + 2.75
[10:42:39] <wrbtrader> I exited in a WRB Zone via Emini NQ futures when it reached the WRB Zone of 0330am est
[11:01:25] <wrbtrader> Emini ES futures has battle hard and has retraced by upwards to the 2450.50 price area
[11:02:41] <wrbtrader> Off topic...my cell phone service is going crazy today...
[11:03:01] <wrbtrader> First time since I had a problem since I was in the hospital last fall
[11:03:41] <wrbtrader> I have unlimited international voice & data...
[11:04:02] <wrbtrader> Currently not able to call to the U.S.
[11:04:52] <wrbtrader> TheStrategyLab Review of Emini NQ futures WRB Analysis...
[11:09:23] <wrbtrader> Emini NQ futures has climb back upward into the range of a Down WRB Hidden Gap interval that's also a WRB Zone
[11:10:01] <wrbtrader> Higher time frame analysis via the 15min chart...
[11:11:08] <wrbtrader> Emini NQ futures sill inside the range (hidden gap area) of a big Down WRB Hidden GAP from yesterday @ 1515pm est
[11:24:10] <werner1> sorry wrbtrader ....had some props here with ts i have spent hours and mails to explane ts that my name the same name is the same here at my bank in holland....djeez..... i have some chistian letters before my real name...and that was not corespont.....djeez i am a 15 year old account holder at ts .....madness
[12:49:30] <wrbtrader> TS as in TradeStation ?
[12:50:37] <wrbtrader> Shorts Emini ES @ 2426.25 -> small size
[12:50:47] <wrbtrader> 5 contracts
[12:51:07] <wrbtrader> Big Down WRB Hidden Gap interval
[12:51:14] <wrbtrader> Thus, volatility spike
[12:55:43] <wrbtrader> Covered all Emini ES Short @ 2425.75 --> + 0.5
[12:59:23] <wrbtrader> Emini futures back inside the range of that earlier mention big Down WRB Hidden Gap interval
[13:22:32] <wrbtrader> volatility has slowed since the big Down WRB Hidden Gap interval
[13:42:45] <Donnin______> yep
[13:50:16] <wrbtrader> TheStrategyLab Review - Emini futures now above the range of that big Down WRB Hidden Gap interval in reference to its R area
[13:54:58] <werner1> yes ts is tradestation
[15:24:38] <werner1> gn all
[15:29:27] <wrbtrader> Take care
[15:36:56] <wrbtrader> Emini NQ futures trying very hard to breakout of its most recent intraday highs since 2pm est
[15:37:04] <wrbtrader> Its been ranging since
[15:37:22] <Donnin______> tc
[15:44:12] <wrbtrader> Long Emini ES @ 2432.75 -> small size
[15:44:20] <wrbtrader> 5 contracts
[15:44:25] <wrbtrader> volatility increasing
[15:45:50] <wrbtrader> Statistically, this year...volatility has been increasing between 3:40pm - 3:59pm est
[15:46:42] <wrbtrader> Exited all Emini ES Long @ 2434.25 --> + 1.5
[15:47:47] <Donnin______> i think 2016
[15:48:03] <Donnin______> can be any year no way the market can stay this tight
[15:48:10] <Donnin______> forever
[15:49:14] <wrbtrader> I was saying that since last summer :(
[15:55:02] <wrbtrader> Its simple...WAIT (if we have the patience) for volatility to show up and then HOPE there's a trade signal and then HOPE there's continuation after we enter a trade. WAIT --- HOPE --- HOPE
[15:55:23] <wrbtrader> Summary looks a little scary
[15:56:23] <wrbtrader> I didn't take a trade for almost 3 hours until 3:44pm est
[15:59:30] <Donnin______> tommow i will ask you some qs
[15:59:35] <Donnin______> in vtr room
[15:59:47] <Donnin______> with cs signals as zones
[16:00:00] <wrbtrader> Ok
[16:00:37] <Donnin______> in the downtime
[16:00:44] <Donnin______> since there is lots of it : >
[16:03:38] <Donnin______> i have 4 touches on the last zone
[16:03:49] <Donnin______> you just traded
[16:04:23] <Donnin______> on my time frame
[16:05:06] <Donnin______> but considering the market is fractal in nature im assuming you have something simlar
[16:06:44] <wrbtrader> ok
[16:07:38] <wrbtrader> The higher the number of Zone touches...range starts to increase and volatility starts to decline
[16:07:39] <Donnin______> im 1000 tick
[16:07:53] <Donnin______> i see
[16:08:15] <Donnin______> the sad thing is you platform will now show what i see
[16:08:28] <Donnin______> no way to cross reference
[16:08:52] <Donnin______> unless i send a picture
[16:09:18] <wrbtrader> I can't get tick charts right now even though the program has it. I corrupted one of the files for that via editing the new version with a code from the old version :(
[16:09:49] <wrbtrader> Simply, my tick charts don't work any more unless I uninstall the entire program and then re-install it
[16:10:11] <Donnin______> your on open cry free platform ?
[16:10:25] <Donnin______> i think u mentioned that
[16:10:29] <wrbtrader> Yeah, post a chart at the private VTR forum
[16:10:50] <Donnin______> ok no problem
[16:10:51] <wrbtrader> No...not open cry free platform. I didn't know they had one.
[16:11:13] <wrbtrader> What's a link for that so that I can check it out to see "exactly what you're seeing"
[16:11:30] <Donnin______> link to open cry or chart?
[16:11:46] <wrbtrader> Link to the free open cry platform
[16:11:54] <Donnin______> ok one sec
[16:12:47] <wrbtrader> I don't mind signing up to use it and then paying the data fees for the exchange for one month if the program looks nice
[16:14:23] <Donnin______> yeah its the basics i was with gain capital
[16:14:45] <Donnin______> and they had free platform version for everyone
[16:15:32] <wrbtrader> Now I remember...about 5 - 7 years ago that platform had some major issues...problems with their DOM
[16:15:56] <wrbtrader> We had a few DOM traders in here talking about their problems using that platform
[16:16:15] <Donnin______> really it was smooth for me i guess i wasn't active enough to notice
[16:16:54] <wrbtrader> Yeah, they (the traders) were from BMT now called Futures.io
[16:17:21] <wrbtrader> They use to post actively at BMT until one of them got banned...
[16:17:45] <wrbtrader> The other two decided to not post at BMT because their buddy got banned
[16:18:12] <wrbtrader> Thus, BMT lost 3 decent traders via one of them being banned :(
[16:24:12] <wrbtrader> Anyways, I hate platform versions that "auto updates"
[16:24:39] <wrbtrader> I try very hard not to allow it if the platform is working just fine for me
[16:25:32] <wrbtrader> I also hate data vendors that would "auto update".
[16:25:41] <Donnin______> anyone currently decent
[16:26:14] <wrbtrader> Not really...have different brokers and different data vendors.
[16:26:20] <Donnin______> on elitetrader Or bmt
[16:27:24] <wrbtrader> I prefer Futures.io for trading conversation
[16:27:44] <wrbtrader> Yet, I have close friends actively posting at Elitetrader.com
[16:27:58] <wrbtrader> none of them post at futures.io
[16:28:22] <Donnin______> i see
[16:28:37] <wrbtrader> These are guys I traded with in an office in Seattle when I lived in the United States
[16:28:58] <Donnin______> sounds like fun times
[16:29:52] <wrbtrader> Yeah, we traded together through the bubble burst of stocks
[16:30:06] <Donnin______> i started in my pajamas at home with no knowledge of anything
[16:30:12] <wrbtrader> Volatility was wild in the futures markets...especially the Emini futures
[16:30:14] <Donnin______> how silly
[16:30:50] <wrbtrader> I started retail trading in an office environment...
[16:31:06] <wrbtrader> I then moved out of the country and begin trading from home
[16:31:26] <wrbtrader> I'm now (slowly) been looking for a place to go back to the office
[16:31:59] <Donnin______> right makes sense
[16:33:06] <wrbtrader> Very few retail traders in my area and its starting to look like I'll have to go it alone by myself for an office but it needs to be large enought for 3 traders just in case I meet others here that want to trade from a commercial office (sharing the lease costs)
[16:33:34] <Donnin______> home office?
[16:33:43] <wrbtrader> I have a home office now
[16:33:55] <wrbtrader> I've had one since I've arrived in Quebec
[16:34:29] <Donnin______> but u rather a space away from home
[16:34:50] <wrbtrader> Yeah, I'm tired of the home office
[16:35:36] <wrbtrader> Prefer now a commerical office...will be much easier to trade with others that visit me
[16:36:01] <wrbtrader> I'm unwilling to do that in my "home office"
[16:36:06] <wrbtrader> Too personal
[16:36:18] <Donnin______> agreeded
[16:37:04] <wrbtrader> I had a big problem once with a stranger (a trader) that showed up unannounce at my home that came onto my property without notice and begin questioning my kids
[16:38:22] <wrbtrader> He was lucky because my neighbor...a canadian military officer was sitting on his porch cleaning his hunting rifle :)
[16:38:39] <wrbtrader> It was my neighbor that called me
[16:39:03] <wrbtrader> He joked and said he's got the guy in his scope...all I needed to do was give the OK :)
[16:39:50] <wrbtrader> Bad timing for that trader to show up unannounce too...
[16:40:03] <Donnin______> lol yeah
[16:40:40] <wrbtrader> Just two weeks earlier...someone had broken into my shed and stole my snowblower and lawn mover...all the neighbors were on the alert for a burglar
[16:42:34] <wrbtrader> The burglary just weeks early before that trader showed up unannounce...spooked everyone in the neighborhood
[16:43:00] <wrbtrader> Spooked me too...I was home in my basement home office when it happen
[16:43:26] <Donnin______> yeah thats scary get some ip cameras
[16:43:31] <wrbtrader> The burglar used a large ax
[16:43:41] <Donnin______> and have monitors installed in your office
[16:43:48] <wrbtrader> I got security cameras after that just because of that burglary
[16:43:58] <Donnin______> good
[16:44:43] <Donnin______> how did that stranger get ur address ?
[16:44:51] <wrbtrader> I even got a motion detector sensor when anyone walks onto my property or leaves it
[16:46:21] <wrbtrader> BMT (futures.io) or Babypips.com
[16:47:02] <wrbtrader> Someone had shared my home address with other without my permission even though he promise not too
[16:47:52] <Donnin______> i see
[16:48:22] <wrbtrader> Funny thing is this...
[16:49:03] <wrbtrader> I shared my commerical office address when I traded in an office in Seattle
[16:49:19] <wrbtrader> Never had that type of problem before
[16:49:27] <wrbtrader> Lesson learned
[16:53:36] <wrbtrader> Key market today was Crude Oil CL futures...huge price drop
[16:53:49] <Donnin______> lol
[16:54:05] <wrbtrader> I'm surprise the Emini futures didn't follow with its own volatility surge downwards
[17:04:51] <wrbtrader> Take care all and see all tomorrow
[18:12:39] * Disconnected
Session Close: Wed Jun 07 18:12:39 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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