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 Post subject: June 20th Tuesday - Futures, Forex, Stocks and ETF
 Post Posted: Wed Jun 21, 2017 5:34 pm 
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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
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:
062017-Key-Price-Action-Markets.png
062017-Key-Price-Action-Markets.png [ 831.75 KiB | Viewed 217 times ]

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

Session Start: Tue Jun 20 09:17:32 2017
Session Ident: ##TheStrategyLab
[09:17:32] * Now talking in ##TheStrategyLab
[09:17:32] * 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'
[09:17:32] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:17:33] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:18:02] <wrbtrader> Good morning all
[09:54:23] <wrbtrader> Shorts Emini ES @ 2444.00 -> large size
[09:54:31] <wrbtrader> 10 contracts
[09:55:48] <wrbtrader> Boom...just that quick...the volatility dies :(
[09:56:00] <wrbtrader> Yet, its still trying to creep lower
[09:58:39] <wrbtrader> WRB pt1 reached on declining volatility
[09:58:51] <wrbtrader> Its just creeping lower
[10:00:58] <wrbtrader> now I got data problems :(
[10:02:19] <wrbtrader> Covered all Emini ES Short @ 2441.75 --> + 2.25
[10:02:22] <wrbtrader> Early exit...randomly due to data problems
[10:05:22] <wrbtrader> A lot of key markets are insync with each other except for the FTSE100 futures...it moved downward too fast and now looks like it may try to find some support
[10:05:38] <wrbtrader> Other key markets trying to retrace too
[10:06:25] <wrbtrader> Emini NQ futures with long lower shadow intervals now
[10:17:29] <wrbtrader> Looks like the FTSE100 futures started that support...all other key markets following (retracing) back upwards
[10:22:44] <wrbtrader> Emini ES futures filled in the most recent Down WRB Hidden Gap interval on the 15min chart @ 2445.00
[11:31:19] <wrbtrader> Emini ES futures retested the intraday lows of 2441.25 via briefly dropping below to 2441.00 on a Long Lower Shadow interval
[11:43:29] <wrbtrader> I've notice the past week that more trade signals are appearing via the Volatility Trading Report (VTR) than the Swing Trading Report (STR) in combo with the Advance Price Action Only Report (APAOR)
[11:43:42] <wrbtrader> That's a sign that volatility is trying to increase
[11:44:06] <wrbtrader> Usually during low volatility market conditions...very few VTR trade signals will appear
[11:58:30] <Donnin______> cl sim long at 28 with stop at 18
[12:00:55] <Donnin______> 30 tick target
[12:06:22] <wrbtrader> Light Crude Oil CL futures and the Brent BRN futures trying hard to crawl back upwards to the S area of of the 15min chart 0600 - 0615am est
[12:06:52] <wrbtrader> CL S area @ 43.55 area
[12:07:14] <wrbtrader> BRN near 46.30 area
[12:07:37] <Donnin______> thats goos to know
[12:07:40] <Donnin______> good
[12:09:22] <werner1> hi all....not trading here ....i am installing a new trade monitor...etc
[12:09:55] <wrbtrader> Thanks for the update about the monitor...
[12:10:38] <wrbtrader> Every few years I give away one of my monitors to a local school and I then purchase a new one
[12:12:52] <wrbtrader> Late this summer I plan to give away one of my HDMI TV's I use for trading (46 inch Samsung model) to one of my kids French classes
[12:13:30] <wrbtrader> They will use it for distant learning with several schools in France
[12:14:05] <werner1> very nice :)
[12:14:20] <werner1> i both this one
[12:14:24] <werner1> http://www.dell.com/en-us/shop/accessor ... u=210-AHSQ
[12:14:43] <wrbtrader> Not sure what 46 inch model I'll replace it with...most likely another Samsung...nothing but good experiences from it
[12:15:13] <wrbtrader> Thanks for the link
[12:15:19] <werner1> 4 monitors in one
[12:15:31] <werner1> yw
[12:15:39] <wrbtrader> Why do they call it a "Multi Client Monitor" ???
[12:15:59] <wrbtrader> Multiple uses
[12:17:14] <wrbtrader> Ok...I just read its tech specs
[12:17:21] <werner1> lol
[12:17:25] <wrbtrader> That's a good monitor
[12:17:38] <werner1> yes i think also
[12:18:47] <werner1> ok diner here ....good trading all..
[12:19:12] <Donnin______> man cl is not soaring already lol
[12:20:08] <wrbtrader> Its stuck in some rising contracting volatility intervals (slow moving)
[12:20:38] <wrbtrader> 15min chart
[12:21:33] <wrbtrader> 5min chart has the Crude Oil CL futures still fighting to stay above the R area of its most recent Up WRB Hidden Gap interval
[12:22:37] <wrbtrader> If it can move higher and get above the 43.49 reaction high of 0900 - 0905hr est
[12:22:45] <wrbtrader> It'll move higher
[12:23:23] <wrbtrader> Shorts Emini ES @ 2439.50 -> small size
[12:23:28] <wrbtrader> 5 contracts
[12:24:51] <wrbtrader> volatility showing up in the Eminis...will watch closely because I had an earlier Short that the volatility died quickly and then just slowly dropped lower
[12:25:43] <wrbtrader> Usually don't see too much volatility this time of the day unless its related to a KME
[12:25:58] <wrbtrader> Key Market Event...could be news related
[12:26:39] <wrbtrader> Emini NQ futures trying hard to produce Long Lower Shadow intervals
[12:29:33] <wrbtrader> Covered all Emini ES Short @ 2438.00 --> + 1.5
[12:29:49] <wrbtrader> Another early exit...not a WRB pt1
[12:30:09] <wrbtrader> I've been doing a lot more early exits this month
[12:30:19] <wrbtrader> with reaching a WRB pt1
[12:30:45] <wrbtrader> Not sure if its psychological such as some fear to not lose a profitable trade
[12:31:07] <wrbtrader> Yet, I've been documenting it so that I can easily research it another day
[12:32:24] <Donnin______> yeah i think thats strong case
[12:32:29] <wrbtrader> Price check on Crude Oil CL futures @ 43.23
[12:32:39] <Donnin______> correct
[12:32:46] <wrbtrader> Ok...good
[12:33:11] <wrbtrader> I've been a little suspicious of my commodities data the past week or so
[12:33:32] <wrbtrader> Got some really strange forex data yesterday
[12:33:49] <wrbtrader> All corrected today by the data vendor
[12:39:30] <wrbtrader> For the VTR users of the trade signal strategies...
[12:40:26] <wrbtrader> Looks like the hindsight trade signal of the day was in Crude Oil CL futures 5min chart as a Short signal @ 0415am - 0420am est today
[12:41:06] <wrbtrader> Even if I trade CL...I would'uv missed it because I'm still asleep at that time in the early morning :)
[12:50:26] <Donnin______> stopped on cl at 18
[13:02:59] <wrbtrader> Donnin...I called those "pick pocketed"
[13:03:12] <wrbtrader> Quick little push down and then its right back up
[13:03:34] <wrbtrader> Many call them "stop runners"
[13:05:41] <wrbtrader> Emini ES futures has a Long Lower Shadow interval on the 1 hour chart frame
[13:06:35] <wrbtrader> It briefly tested the S area of its most recent Up WRB Hidden Gap interval on the 1 hour chart frame of 2438.50
[13:07:14] <wrbtrader> Now I remember why I dumped that Short around 2438.00
[13:07:56] <wrbtrader> I have in my pre market trading notes...information about that 2438.50 support area
[13:08:13] <wrbtrader> :)
[13:40:12] <wrbtrader> A lot of contracting volatility intervals in the market right now in many key markets
[13:40:57] <wrbtrader> My patience has not been good today. Thus, I wouldn't be surprise that I protect the profits I have and then call it quits early
[14:07:24] <Donnin______> yea i will just have to wait all of my trades out to prevent this
[14:07:47] <Donnin______> even if i miss some i rather just wait
[14:11:45] <wrbtrader> Prior to my hospitalization last year...I had excellent patience. Easily many times wait for bigger profit targets like WRB pt2, pt3, pt4 and pt5
[14:12:06] <wrbtrader> After my hospitalization...patience is crappy
[14:12:43] <wrbtrader> Its tough to hold on to a trade for a WRB pt1
[14:12:47] <Donnin______> you do this for fun now at this point no?
[14:13:25] <wrbtrader> This tells me that trading involving AFTER entry is psychological
[14:14:01] <wrbtrader> I wish its something I could explain but it really is just personal and experience
[14:14:46] <Donnin______> thats why i set my goal to 4 trades a year i want to be done
[14:15:00] <Donnin______> and finished with trading
[14:16:34] <Donnin______> 4 trades between 2 markets
[14:16:36] <wrbtrader> Yeah, I get that now...especially with my kids at an age of playing at a higher level in sports, recent health scare last fall and the need to visit relatives more that are located around the world
[14:17:15] <Donnin______> only thing is they will have to be very large size
[14:17:43] <wrbtrader> As soon as I get a clean bill of health from my doctors (e.g. I'm still not allowed to drive until November)...
[14:17:54] <wrbtrader> I plan on doing a lot of traveling and less trading
[14:18:17] <Donnin______> yep thats sounds good
[14:25:36] <Donnin______> at least the move happened i will focus harder on timing
[15:01:37] * wrbtrader is now known as wrbtrader_away
[15:50:38] <werner1> gn all
[17:03:58] * wrbtrader_away is now known as wrbtrader
[17:04:12] <wrbtrader> I took off to relax the past few hours
[17:05:18] <wrbtrader> Basic downtrend day for the Emini futures today
[17:05:38] <wrbtrader> Only missed one trade signal today via the VTR trade signals
[17:05:46] <wrbtrader> Take care all and see all tomorrow
[17:05:56] <wrbtrader> I hope :)
[18:10:07] * Disconnected
Session Close: Tue Jun 20 18:10:07 2017

Session Start: Tue Jun 20 18:10:07 2017
Session Ident: ##TheStrategyLab
[18:13:56] * Attempting to rejoin channel ##TheStrategyLab
[18:14:02] * Rejoined channel ##TheStrategyLab
[18:14:02] * 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'
[18:14:02] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[18:14:05] -ChanServ- [##TheStrategyLab] Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[18:14:05] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[18:48:28] * Disconnected
Session Close: Tue Jun 20 18:48:28 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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