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 Post subject: June 13th Tuesday - Futures, Forex, Stocks and ETF
 Post Posted: Tue Jun 13, 2017 7:19 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)
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##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:
061317-Key-Price-Action-Markets.png
061317-Key-Price-Action-Markets.png [ 872.66 KiB | Viewed 249 times ]

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

Session Start: Tue Jun 13 09:26:10 2017
Session Ident: ##TheStrategyLab
[09:26:10] * Now talking in ##TheStrategyLab
[09:26:10] * 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'
[09:26:10] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:26:11] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:12] <werner1> gm all
[09:33:19] <wrbtrader> Good morning
[09:34:14] <Zetaone> GM all
[09:36:39] <werner1> Long Emini NQ @ 5754.00
[09:38:16] <werner1> Exited all Emini NQ Long @ 5753.00 --> - 1
[09:39:20] <wrbtrader> werner...Emini NQ looked like it was going to run away (higher) and then that snapback...
[09:39:31] <wrbtrader> Other Eminis not as strong
[09:40:27] <werner1> yes :(...thanks
[09:40:32] <wrbtrader> Long Emini ES @ 2434.00 -> large size
[09:40:42] <wrbtrader> 10 contracts
[09:41:40] <werner1> Long Emini NQ @ 5757.00
[09:41:57] <wrbtrader> Eurex DAX trying to move higher too
[09:42:13] <wrbtrader> Eurex DAX futures
[09:43:52] <werner1> Exited all Emini NQ Long @ 5764.50 --> + 7.5
[09:43:59] <wrbtrader> Exited all Emini ES Long @ 2435.50 --> + 1.5
[09:44:07] <werner1> wrb pt 1
[09:44:51] <wrbtrader> Yeah...I'm glad you re-enter that Long position after being pick pocketed for a loss on the earlier Long position
[09:45:26] <wrbtrader> WRB pt1 reached
[09:45:40] <wrbtrader> Reason for my exit
[09:45:46] <werner1> me too :)
[09:59:53] <wrbtrader> Emini NQ futures has retraced its most recent Up WRB Hidden Gap interval
[10:03:40] <werner1> Shorts Emini NQ @ 5755.00
[10:04:16] <wrbtrader> I've quickly read many online comments at stocktwits and twitter...
[10:04:32] <wrbtrader> There seems to be a very bullish outlook at least for today
[10:05:09] <wrbtrader> I would like to see more of a pullback to "shake up" that sentiment...
[10:05:12] <werner1> Covered all Emini NQ Short @ 5751.00 --> + 4
[10:05:17] <wrbtrader> It may bring in more volatility
[10:05:17] <werner1> brrr
[10:07:58] <werner1> ok but vix nq now at 15.38
[10:08:28] <werner1> yesterday hod at21.03
[10:09:01] <werner1> nq a lot more vola i think
[10:11:52] <werner1> vxn.x
[10:16:16] <wrbtrader> Gold GC futures has been on the decline recently but there's still great volatility
[10:17:41] <werner1> brr nq here to hold or not ...
[10:18:28] <werner1> 20 points gap
[10:29:08] <werner1> bbl ...kids :(
[10:40:11] <wrbtrader> Emini futures pushing back upwards but it sill looks like it want's to contract or go range bound
[10:41:04] <wrbtrader> I'm hoping more buyers will show up...suddenly...to push it faster or sellers show up suddenly to push it back down faster
[10:41:35] <wrbtrader> I had a rest day yesterday
[10:41:57] <wrbtrader> Gotta be careful and not expect too much action today...
[10:42:11] <wrbtrader> Only KME's were before the open I think
[10:44:16] <wrbtrader> Shorts Emini ES @ 2432.75 -> small size
[10:44:55] <wrbtrader> 5 contracts
[10:46:48] <wrbtrader> I see more negative views about the intraday price action of the Emini futures and Eurex futures especially Eurex DAX futures and S&P 500 Emini futures
[10:47:28] <wrbtrader> Covered all Emini ES Short @ 2432.00 --> + 0.75
[10:47:48] <wrbtrader> Emini ES futures retested the most recent reaction low
[10:55:43] <wrbtrader> Emini NQ futures had a closing interval below its most recent reaction low
[10:58:01] <wrbtrader> Shorts Emini ES @ 2431.00 -> small size
[10:58:15] <wrbtrader> 5 contracts
[10:58:50] <wrbtrader> Eurex DAX futures trying hard to close below its most recent reaction low
[10:59:00] <wrbtrader> Emini NQ futures was the first to do such
[10:59:14] <wrbtrader> volatility slowly increasing
[11:00:05] <wrbtrader> WRB pt1 reached
[11:01:02] <wrbtrader> Covered all Emini ES Short @ 2429.50 --> + 1.5
[11:11:42] <wrbtrader> I always find it odd that EurUsd forex currency always has "news alerts" associated with it
[11:12:41] <wrbtrader> Yet, for the same day...EuroFX 6E futures and the S&P 500 futures only show 1 - 2 news while EurUsd forex may show like 10 news
[11:13:57] <wrbtrader> Thus, it seems obvious that to know when there's a KME for the Emini futures...monitor the KME's in the EurUsd currency because for some odd reason...it doesn't show up for the Emini futures
[11:17:38] <werner1> back
[11:40:22] <werner1> 0,6 buy limit to enter long Emini NQ @ 5728.00
[11:41:57] <werner1> ?...0.6
[11:42:09] <werner1> 0,6 cancelled all open limit orders
[11:48:28] <werner1> Long Emini NQ @ 5744.25
[11:50:20] <werner1> Exited all Emini NQ Long @ 5745.25 --> + 1
[12:15:17] <werner1> sid on my hands here
[12:15:57] <wrbtrader> Emini ES futures producing contracting volatility intervals after the Up WRB Hidden Gap interval
[12:16:23] <wrbtrader> Now its trying to "breakout" above those contracting volatility intervals
[12:34:23] <werner1> Shorts Emini NQ @ 5745.50
[12:37:03] <werner1> Covered all Emini NQ Short @ 5748.00 --> - 2.5
[12:55:55] <werner1> Long Emini NQ @ 5755.25
[13:03:47] <werner1> 0,2 Exited Emini NQ Long @ 5753.00 --> - 2.25
[13:03:47] <werner1> 0,4 Reverse and Enter Short Emini NQ @ 5753.00
[13:10:26] <werner1> Covered all Emini NQ Short @ 5750.00 --> + 3
[13:10:36] <werner1> wrb pt1
[13:12:42] <werner1> looking for shorts
[13:13:52] <werner1> Shorts Emini NQ @ 5755.00
[13:14:33] <werner1> 0,2 Covered Emini NQ Short @ 5750.00 --> + 5
[13:14:46] <werner1> ...no
[13:15:10] <werner1> false
[13:15:27] <werner1> need 52.00
[13:17:04] <werner1> Shorts Emini NQ @ 5755.00
[13:19:21] <werner1> pfff
[13:20:23] <werner1> need 5752.50
[13:31:17] <werner1> gogo punks...djeez
[13:37:02] <werner1> Covered all Emini NQ Short @ 5752.50 --> + 2.5
[13:38:38] <werner1> 20 min trade
[13:38:58] <werner1> dont like that
[13:43:30] <wrbtrader> A little down pressure in the Emini futures and Eurex futures
[13:47:11] <werner1> Long Emini NQ @ 5745.00
[13:48:34] <werner1> Exited all Emini NQ Long @ 5743.00 --> - 2
[14:03:04] <werner1> Shorts Emini NQ @ 5749.00
[14:10:08] <werner1> 0,2 Covered Emini NQ Short @ 5753.25 --> - 4.25
[14:10:09] <werner1> 0,3 Reverse and Enter Long Emini NQ @ 5753.25
[15:18:00] <werner1> Exited all Emini NQ Long @ 5753.25 --> 0
[15:22:28] <TradeSnake______> Long YM @ 21281
[15:41:53] <TradeSnake______> Covered YM @ 21275 --> -6
[15:43:12] <werner1> gn all
[16:41:17] <wrbtrader> I had too many data problems after 12noon est
[16:41:33] <wrbtrader> Reason for only trading in the morning but good trades
[16:42:29] <Donnin______> so on topic of signals
[16:42:49] <wrbtrader> My ISP came by and installed a new router that's been mainly a problem
[16:43:07] <wrbtrader> You know the old saying...if it ain't broke...don't fix it :)
[16:47:25] <wrbtrader> A client sent me images of his trade method involving Bollinger Bands merged with WRB Analysis
[16:47:45] <wrbtrader> I'm not a fan of indicators but it does look interesting of what he sent me
[16:48:27] <Donnin______> what did he merge
[16:48:45] <wrbtrader> Tonight he's also going to send me you Tradestation backtesting results (greatly positive)
[16:49:18] <Donnin______> its automated?
[16:49:23] <wrbtrader> Yes
[16:50:11] <Donnin______> nice
[16:50:33] <Donnin______> thats what i need
[16:50:35] <Donnin______> lol
[16:50:35] <wrbtrader> I'm not an expert on Bollinger Bands but it looks like he's only taking trades when the price is touching the Upper/Lower bands and when they are in the range of a prior unfilled WRB Zone
[16:51:21] <Donnin______> i would like to find some zones
[16:51:30] <Donnin______> coded for ninja or tos
[16:52:14] <Donnin______> just so i can see then and get a feel for how they work
[16:52:30] <wrbtrader> The Ninja site has codes for indetification of WRB Hidden GAPs (unfilled)
[16:52:58] <wrbtrader> Then its the user responsibility for determining if the WRB HG interval is a WRB Zone
[16:54:00] <wrbtrader> Yet, I've seen actual automation stuff in some members private threads where they've automated tutorial chapters 2 - 12
[16:54:34] <wrbtrader> Ninja, Tradestation, TOS and Multicharts
[16:54:41] <Donnin______> thats what i mean
[16:55:02] <wrbtrader> Yet, they're unwilling to share their coding with other members
[16:55:05] <wrbtrader> :(
[16:55:16] <Donnin______> i know a coder
[16:56:59] <Donnin______> i could ask him to code a few chapters with your permission and have it reviewed by you
[16:57:08] <wrbtrader> After hearing several quants tell me that "anything" can be coded...I would love it if someone share with me their codes beyond just showing me "charts" of the results
[16:57:31] <wrbtrader> Yes...you have my permission
[16:57:42] <wrbtrader> For Advance Tutorial Chapter 4
[16:58:11] <Donnin______> ok i will find out the cost for that
[16:58:19] <Donnin______> and see if i can get that done
[16:59:07] <Donnin______> has chapter 4 shown up in the market?
[16:59:12] <Donnin______> this
[16:59:20] <wrbtrader> That's the biggest chapter and for many...the most important chapter although I myself mainly use confirmation signals as WRB Zones and mainly use prior trade signals as WRB Zone while chapters 4, 7 and 8 are secondary to me
[17:00:11] <wrbtrader> I'm a huge fan of the confirmation signals as WRB Zones
[17:00:35] <Donnin______> do they show up freqently ?
[17:01:00] <wrbtrader> I can see those a mile away when they begin developing whearas the other advance tutorial chapters I tend to "miss"
[17:01:31] <wrbtrader> Yeah, confirmation signals are frequent but less in this low volatility environment
[17:04:46] <wrbtrader> I forgot to mention something else...
[17:05:07] <wrbtrader> Members that are using Bollinger Bands with WRB Analysis...
[17:05:32] <wrbtrader> They've combined it with the FVB and Advance FVB strategies
[17:06:24] <Donnin______> nice
[17:06:25] <wrbtrader> Some are fading that middle line in Bollinger Bands
[17:07:19] <wrbtrader> I'm mentioning this stuff now because I know some are designing their own trade methods with WRB Analysis and I want to put some "ideas" out there
[17:07:48] <wrbtrader> I want you guys to know what others are doing in this "low volatility" environment
[17:08:27] <Donnin______> where there any confirmation signals today
[17:08:38] <wrbtrader> In what ?
[17:08:47] <Donnin______> emini
[17:08:52] <Donnin______> es
[17:11:18] <wrbtrader> The past several trading days I've been using the price action of Emini NQ futures to help me with WRB Zones and trade signals in Emini ES futures
[17:11:41] <Donnin______> i see does the time frame affect results
[17:11:46] <wrbtrader> Today I added Eurex Dax futures with Emini NQ futures to help me trade Emini ES futures
[17:11:59] <wrbtrader> Yes
[17:12:17] <wrbtrader> Less WRB Zones on the higher time frame of 15mins and above
[17:12:28] <Donnin______> right
[17:20:27] <wrbtrader> A Zone that helped me today was the Down WRB HG interval @ 1335pm from Friday
[17:20:42] <wrbtrader> 5min chart
[17:21:09] <Donnin______> on nq
[17:21:10] <wrbtrader> Its a zone from advance tutorial chapter 4
[17:21:24] <wrbtrader> Its also a confirmation signal
[17:22:22] <wrbtrader> I love using WRB Zones that qualify as such from 2 or more sources like a Zone from the advance chapters that also qualify as a Zone from the confirmation signals
[17:23:11] <wrbtrader> I wouldn't have been useful yesterday June 12th because the price action contracted "below" that Zone
[17:23:26] <wrbtrader> Today was a different result
[17:23:50] <wrbtrader> Emini ES futrues was moving in and out of that WRB Zone
[17:25:35] <wrbtrader> That big price drop on Friday June 9th...produce the WRB Zones for today's price action
[17:26:26] <wrbtrader> Yet, as stated...Monday June 12th wasn't able to use those Zones because the entire price action stayed "below" those Zones
[17:26:50] <wrbtrader> That's why I wasn't mad at myself yesterday for taking a rest day...I didn't miss anything
[17:27:26] <Donnin______> so if i look on june 9 what time would i need to see thoes zones
[17:29:38] <wrbtrader> 5min chart of Emini NQ @ 1310pm, 1335pm est
[17:31:23] <wrbtrader> There's a tricky one @ 1430pm est via the Emini ES that was actually a trade signal (Short)
[17:32:23] <wrbtrader> Its prior 6 intervals produce a "range" (chapter 3) as the WRB Zone
[17:32:44] <wrbtrader> Chapter 3 are the sneaky ones...using your own trade signals as WRB Zones
[17:33:21] <wrbtrader> I designed that chapter because I thought the one thing we wouldn't miss (difficulty to see) is our own trade signal strategy
[17:33:27] <wrbtrader> Boy was I wrong
[17:33:50] <wrbtrader> Chapter 3 is the chapter that most miss or it "sneaks by them"
[20:02:55] * Disconnected
Session Close: Tue Jun 13 20:02:55 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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