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 Post subject: June 14th Wednesday - Futures, Forex, Stocks and ETF
 Post Posted: Thu Jun 15, 2017 8:58 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
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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:
061417-Key-Price-Action-Markets.png
061417-Key-Price-Action-Markets.png [ 893.58 KiB | Viewed 279 times ]

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

Session Start: Wed Jun 14 09:18:18 2017
Session Ident: ##TheStrategyLab
[09:18:18] * Now talking in ##TheStrategyLab
[09:18:18] * 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'
[09:18:18] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:18:18] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:39:02] <wrbtrader> Good morning
[09:39:26] <wrbtrader> I know you guys in here do not trade the Hang Seng HSI futures...
[09:39:40] <TradeSnake______> GM
[09:40:12] <wrbtrader> Yet, for any reader of the chat logs that do trade the Hang Seng HSI futures...there is a volatility index for it called the HSI Volatility
[09:40:40] <wrbtrader> Depending upon the data vendor...the symbol should be VHSI for most data sources
[09:41:21] <wrbtrader> Here's a chart example of the HSI Volatility Index @ https://markets.ft.com/data/indices/tea ... s=VHSI:HKG
[09:43:44] <wrbtrader> Shorts Emini ES @ 2438.00 -> large size
[09:43:51] <wrbtrader> 10 contracts
[09:44:32] <werner1> gm
[09:44:47] <TradeSnake______> Interesting... I see a similar pattern to the VIX, also at or near all multi year lows...
[09:45:00] <wrbtrader> Covered all Emini ES Short @ 2437.75 --> + 0.25
[09:46:02] <wrbtrader> Yes, if you're talking about the Hang Seng Volatility Index...it does behave similar to the S&P 500 Volility Index (VIX)
[10:03:55] <wrbtrader> Shorts Emini ES @ 2437.50 -> large size
[10:04:17] <wrbtrader> 10 contracts
[10:04:49] <wrbtrader> Need to be careful with this trade
[10:05:12] <wrbtrader> It can quickly become a bullish setup
[10:05:40] <wrbtrader> Emini ES futures briefly pushed below its most recent reaction low
[10:05:47] <werner1> Shorts Emini NQ @ 5773.00
[10:06:53] <wrbtrader> KME's remaining @ 1030am est, 1400pm est and 1430pm est
[10:07:14] <wrbtrader> The 1400pm (2pm) est is the big one...FOMC Statement
[10:08:35] <werner1> Covered all Emini NQ Short @ 5768.00 --> + 5
[10:10:45] <wrbtrader> Covered all Emini ES Short @ 2436.25 --> + 1.25
[10:10:54] <wrbtrader> WRB pt1 reached
[10:11:11] <wrbtrader> That was an unexpected volatility spike
[10:11:22] <wrbtrader> Not sure where that came from
[10:13:19] <werner1> the world is full of surprises !
[10:13:24] <wrbtrader> Other key markets have now dropped below their most recent reaction los
[10:13:39] <wrbtrader> below that reaction low
[10:14:54] <wrbtrader> Shorts Emini ES @ 2436.75 -> small size
[10:15:02] <wrbtrader> 5 contracts
[10:18:00] <wrbtrader> Covered all Emini ES Short @ 2437.00 --> - 0.25
[10:22:01] <wrbtrader> Shorts Emini ES @ 2436.75 -> small size
[10:22:11] <wrbtrader> re-entry
[10:23:06] <wrbtrader> Entry in the upper range of the prior Long Lower Shadow near the open price of that interval...
[10:23:34] <wrbtrader> I'm hoping it will travel down the range of that Long Lower Shadow interval
[10:29:15] <wrbtrader> Covered all Emini ES Short @ 2437.00 --> - 0.25
[10:30:24] <wrbtrader> Shorts Emini ES @ 2436.25 -> small size
[10:30:32] <wrbtrader> re-entry
[10:30:38] <wrbtrader> 5 contracts
[10:30:50] <wrbtrader> A little choppiness showed up
[10:33:37] <wrbtrader> Covered all Emini ES Short @ 2435.75 --> + 0.5
[10:33:51] <wrbtrader> early exit
[10:33:57] <wrbtrader> Not a WRB pt1
[10:34:51] <wrbtrader> I finally got spooked out early by the choppiness
[10:35:13] <wrbtrader> Shorts Emini ES @ 2435.25 -> small size
[10:35:23] <wrbtrader> 5 contracts
[10:36:35] <wrbtrader> Long upper shadows on these recent intervals
[10:36:46] <wrbtrader> That's the choppiness
[10:39:28] <wrbtrader> Crude Oil futures dropping hard now
[10:41:56] <wrbtrader> Covered all Emini ES Short @ 2435.25 --> 0
[10:42:13] <wrbtrader> :(
[10:45:51] <wrbtrader> Shorts Emini ES @ 2435.25 -> small size
[10:46:10] <wrbtrader> Big price drop in Light Crude Oil CL futures
[10:46:14] <wrbtrader> 5 contracts
[10:46:21] <wrbtrader> re-entry
[10:47:20] <wrbtrader> Covered all Emini ES Short @ 2435.00 --> + 0.25
[10:47:45] <wrbtrader> Still too chopping but its trying hard to go lower
[11:10:41] <werner1> Long Emini NQ @ 5767.00
[11:11:57] <werner1> Exited all Emini NQ Long @ 5767.00 --> 0
[11:18:24] <werner1> Long Emini NQ @ 5769.50
[11:18:56] <werner1> Exited all Emini NQ Long @ 5771.75 --> + 2.25
[11:28:45] <wrbtrader> nice
[11:34:15] <werner1> :)
[12:06:06] <werner1> Long Emini NQ @ 5779.00
[12:08:53] <werner1> Exited all Emini NQ Long @ 5777.00 --> - 2
[12:10:08] <werner1> Shorts Emini NQ @ 5775.00
[12:11:51] <werner1> Covered all Emini NQ Short @ 5770.00 --> + 5
[12:12:35] <werner1> punks
[12:14:59] <werner1> sofar +10.25
[12:17:31] <Donnin______> i find cl gives more confirmation on its what ever its setting up
[12:17:41] <Donnin______> via hammers
[12:18:42] <werner1> it can bee :) but i trade only nq
[12:19:46] <werner1> nothing else
[12:19:58] <Donnin______> im sure for good reason
[12:20:19] <werner1> i think also nq is the leader
[12:23:15] <werner1> nice candles and nice vola.....
[12:24:51] <werner1> e mini candles 1 min ....not too read imo
[12:25:01] <werner1> es
[12:25:25] <Donnin______> i thought nw can get very choppy
[12:25:35] <Donnin______> even more than es
[12:28:31] <werner1> mmm ...candles not too read at es ...1 min
[12:28:42] <werner1> spy is better
[12:29:20] <werner1> imo
[12:31:39] <werner1> i think nq is not choppy ...it has more vola....it have better candles to read
[12:33:11] <werner1> and too see if the market is in a dead zone
[12:34:25] <wrbtrader> Looks like the market is now waiting for the FOMC Announcement at 2pm est
[12:35:26] <werner1> and its 20 $ a tick....
[12:36:01] <werner1> for learning is it the perfect index imo
[12:36:19] <Donnin______> right
[12:55:09] <wrbtrader> werner...I've been saying that about Emini ES futures 1min chart for about 3 years now...
[12:55:21] <wrbtrader> Its not good for WRB Analysis
[12:56:07] <wrbtrader> Reason why I recommend using SPY side by side with the Emini ES futures chart to look for trade signals via the SPY although the trades were in the Emini ES futures
[12:56:27] <wrbtrader> SPY WRB Analysis is much easier than Emini ES futures on the lower time frames
[12:58:15] <werner1> ok :)
[12:58:33] <werner1> i know you said that
[12:58:47] <werner1> its ok
[12:59:37] <wrbtrader> Oddly, the WRB Analysis is just fine for the other Emini futures in comparison to the ETF's
[13:00:16] <wrbtrader> Just never been able to determine why the WRB Anlysis was so different between SPY and Emini ES futures
[13:00:17] <Donnin______> i just swallowed 2 raw eggs and feel sick
[13:00:24] <werner1> Long Emini NQ @ 5765.25
[13:00:52] <werner1> pfff mist the exit
[13:01:27] <wrbtrader> Donnin...one of my kids friends passed out (fainted) from a dare he couldn't swallow 10 raw eggs
[13:01:47] <werner1> Exited all Emini NQ Long @ 5768.50 --> + 3.25
[13:01:47] <wrbtrader> He did 12 raw eggs...suddenly it was lights out for him
[13:01:53] <Donnin______> wow
[13:01:57] <wrbtrader> Had to be rushed to the hospital
[13:01:58] <werner1> wrb pt 1
[13:02:31] <Donnin______> i hope im ok i heard its good health benefits
[13:02:44] <werner1> sofar + 13.50
[13:02:50] <wrbtrader> Yeah...he's ok
[13:03:37] <wrbtrader> Kind'uv reminded me in Chicago at one of those "Hot Dog Eating Contests"
[13:03:56] <wrbtrader> One of the competitors fainted after 55 hot dogs
[13:03:58] <werner1> swallow 10 raw eggs???
[13:04:13] <werner1> is he nuts??
[13:04:16] <wrbtrader> 12 raw eggs
[13:04:22] <wrbtrader> Kids
[13:04:52] <Donnin______> lol
[13:04:58] <wrbtrader> Meant...crazy kids doing one of those "I dare you to eat it" type things
[13:07:09] <werner1> luckelee my kids dit not that crazy stuff
[13:08:39] <werner1> madness
[13:10:32] <werner1> here i am look at to plan again a ski vacation in austria ,,,i love it :)
[13:12:21] <werner1> to see our kids and lovers to ski ....that is where i live for....
[13:19:27] <werner1> my dochter wants to go to quebec
[13:20:16] <werner1> for ski
[13:20:55] <werner1> but then i must take a plane...and i dont like that
[13:21:36] <werner1> i lve to travel in my car
[13:21:45] <werner1> love
[13:23:09] <werner1> racing me on the highway in german.....no limit there
[13:26:29] <wrbtrader> My brother lived in Germany for about 12 years
[13:26:51] <wrbtrader> He talked often about driving on the Autobon or something called that
[13:27:27] <werner1> yes that can 0nly in germany
[13:28:25] <werner1> i love it
[13:28:58] <werner1> here 50 km from germany
[13:29:25] <werner1> look at the formule 1
[13:29:43] <werner1> always german gys
[13:30:03] <werner1> that lead the championschip
[13:30:28] <werner1> now we have also a good driver
[13:30:37] <werner1> max verstappen
[13:31:27] <werner1> he is a champion in the futher
[13:33:03] <werner1> i think
[13:33:36] <werner1> he is racing at red bull
[13:35:38] <werner1> where in germany lives your brother?
[13:38:10] <werner1> you said to me that you go on a vacation in europe is that still your plan?
[13:45:48] <werner1> Shorts Emini NQ @ 5767.50
[13:47:27] <werner1> Covered all Emini NQ Short @ 5766.50 --> + 1
[13:48:34] <werner1> sofar +14.50
[13:49:06] <werner1> mist wrb pt1
[13:49:43] <werner1> at 66.00
[13:58:35] <wrbtrader> FOMC Annoucement pending
[13:58:51] <wrbtrader> Only Emini NQ futures had an early reaction...downward
[14:01:12] <wrbtrader> Shorts Emini ES @ 2346.00 -> small size
[14:01:21] <wrbtrader> 5 contracts
[14:02:49] <wrbtrader> Covered all Emini ES Short @ 2436.25 --> - 90.25
[14:03:05] <wrbtrader> correction...
[14:03:10] <wrbtrader> -0.25
[14:03:39] <wrbtrader> Long Emini ES @ 2438.00 -> small size
[14:03:58] <wrbtrader> Emini NQ futures breakout above
[14:06:29] <wrbtrader> Exited all Emini ES Long @ 2440.50 --> + 2.5
[14:22:41] <wrbtrader> Shorts Emini ES @ 2434.75 -> small size
[14:22:47] <wrbtrader> intuition
[14:23:10] <wrbtrader> Tough trade already
[14:23:26] <wrbtrader> Other key markets suddenly want to find support :(
[14:23:54] <wrbtrader> Covered all Emini ES Short @ 2435.75 --> - 1
[14:24:10] <wrbtrader> Long Emini ES @ 2436.50 -> small size
[14:24:21] <wrbtrader> 5 contracts
[14:26:15] <wrbtrader> :(
[14:26:28] <wrbtrader> Too much fighting near the support area
[14:27:32] <wrbtrader> Exited all Emini ES Long @ 2436.75 --> + 0.25
[14:28:35] <wrbtrader> Long Emini ES @ 2436.50 -> small size
[14:28:44] <wrbtrader> re-entry
[14:35:50] <wrbtrader> Exited all Emini ES Long @ 2436.00 --> - 0.5
[14:36:18] <werner1> Shorts Emini NQ @ 5754.00
[14:36:19] <wrbtrader> Shorts Emini ES @ 2435.75 -> small size
[14:36:39] <wrbtrader> intuition trade
[14:36:41] <werner1> wow
[14:37:15] <werner1> Covered all Emini NQ Short @ 5744.75 --> + 9.25
[14:37:18] <wrbtrader> I'm just trying to follow what Emini NQ futures is doing...falling like a sack full of rocks
[14:38:12] <wrbtrader> Covered all Emini ES Short @ 2435.00 --> + 0.75
[14:38:38] <werner1> so fast
[14:38:47] <werner1> nq
[14:41:25] <werner1> sofar +22.75
[14:42:00] <werner1> ..bbl
[15:20:46] <werner1> back
[15:27:19] <werner1> Long Emini NQ @ 5706.00
[15:28:52] <werner1> Exited all Emini NQ Long @ 5712.00 --> + 6
[15:33:45] <werner1> Shorts Emini NQ @ 5709.00
[15:36:22] <werner1> 0,2 Covered Emini NQ Short @ 5713.50 --> - 4.5
[15:36:23] <werner1> 0,3 Reverse and Enter Long Emini NQ @ 5713.50
[15:36:39] <werner1> so fast
[15:37:14] <werner1> Exited all Emini NQ Long @ 5717.00 --> + 3.5
[15:38:33] <werner1> sofar +27.75
[15:48:38] <wrbtrader> :)
[15:49:04] <wrbtrader> Long Emini ES @ 2434.50 -> small size
[15:49:12] <wrbtrader> 5 contracts
[15:55:25] <wrbtrader> Exited all Emini ES Long @ 2436.25 --> + 1.75
[15:56:50] <werner1> gn all
[15:58:32] <wrbtrader> I didn't know where to exit that trade but I waited until it got back near the price area of several trades I had some analysis problems
[16:05:19] <wrbtrader> I was hoping to see more volatility out of Emni ES futures in the 4pm est rush hour traffic especially since its FOMC Announcement day
[16:33:40] <wrbtrader> Take care all and see all tomorrow
[16:37:36] * Disconnected
Session Close: Wed Jun 14 16:37:37 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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