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 Post subject: July 31st Monday - Futures, Forex, Stocks and ETF
 Post Posted: Mon Jul 31, 2017 4:11 pm 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2500
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.

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

073117-Key-Price-Action-Markets.png [ 855.68 KiB | Viewed 7 times ]

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

##TheStrategyLab Archive Chat Logs

Session Start: Mon Jul 31 09:28:51 2017
Session Ident: ##TheStrategyLab
[09:28:51] * Now talking in ##TheStrategyLab
[09:28:51] * 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'
[09:28:51] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:28:53] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:37:37] <wrbtrader> Shorts Emini ES @ 2474.00 -> large size
[09:37:48] <wrbtrader> 10 contracts
[09:40:47] <wrbtrader> choppy...not what I wanted to see :(
[09:42:59] <wrbtrader> Pending 0945am and 1000am est KMEs
[09:44:23] <wrbtrader> Covered all Emini ES Short @ 2474.00 --> 0
[09:45:04] <werner1> gm all
[09:45:08] <wrbtrader> Shorts Emini ES @ 2474.00 -> large size
[09:45:14] <wrbtrader> re-entry
[09:45:47] <wrbtrader> Trying again although I'm becoming more suspicious about the 2474.00 price area
[09:46:02] <wrbtrader> Price action just bouncing around that
[09:48:47] <wrbtrader> Covered all Emini ES Short @ 2473.00 --> + 1
[09:48:54] <wrbtrader> tough trade
[09:49:49] <wrbtrader> It found support at the S area of an Up WRB Hidden Gap interval 5min and 3min chart
[09:50:10] <wrbtrader> may reshort if it can drop below that S area
[09:50:20] <wrbtrader> S area = support area
[09:54:08] <wrbtrader> Shorts Emini ES @ 2472.75 -> large size
[09:54:22] <wrbtrader> 10 contracts
[09:55:40] <wrbtrader> Covered all Emini ES Short @ 2472.00 --> + 0.75
[09:55:53] <wrbtrader> shallow WRB pt1 reached
[09:56:03] <wrbtrader> same with the prior trade
[09:59:33] <wrbtrader> Shorts Emini ES @ 2471.50 -> large size
[09:59:52] <wrbtrader> 10 contracts
[10:00:48] <wrbtrader> Emini NQ has already spiked down to a big WRB pt1 in reaction to the pending 1000am KME
[10:01:08] <wrbtrader> looks like the market coughed first or someone had the news early
[10:02:51] <wrbtrader> price action at another S area via the 15min chart
[10:02:57] <wrbtrader> volatility increasing fast
[10:03:12] <wrbtrader> WRB pt1 reached
[10:03:19] <wrbtrader> Covered all Emini ES Short @ 2468.00 --> + 3.5
[10:03:30] <werner1> vn
[10:03:32] <wrbtrader> Didn't see that comining
[10:04:02] <wrbtrader> I thought for sure it was going to be another KME in which has no volatility
[10:04:17] <wrbtrader> The typical theme for 2017
[10:07:26] <wrbtrader> By the way, today is my first full day trading via my laptop...I'm mobile today but just outside enjoying early morning sunshine.
[10:09:42] <werner1> very nice :)
[10:25:11] <wrbtrader> I'm glad the aggressiveness on the Shorts paid off
[10:25:55] <wrbtrader> There was just too many Short signals on many time frames and different types of short signals
[10:26:23] <wrbtrader> I just need to work on my edge involving position size management
[10:26:42] <wrbtrader> I still can't get by the fear of going above 10 contracts
[10:26:59] <wrbtrader> Prior to being sick last year...a small size was 10 contracts
[10:37:54] <werner1> grr mist the shorts ...bbl
[11:40:26] <wrbtrader> Emini ES futures is back above that prior S area that I used as a profit target
[11:40:53] <wrbtrader> Emini NQ futures slowly rising but still have not reached the same S area
[11:45:01] <wrbtrader> Emini ES futures price check @ 2470.00
[11:45:31] <wrbtrader> other charting service and broker was @ 2469.75
[11:46:24] <wrbtrader> Position size management for the remainder of the trading day...I'm lowering my size from 10 contracts down to 3 - 5 contracts
[11:55:41] * ChanServ sets mode: +o wrbtrader
[12:05:52] <winmax60> short es@2469.50
[12:06:41] <winmax60> ym is not cooperating...
[12:15:41] <winmax60> exit @2469 +.5
[12:48:34] <werner1> Long Emini NQ @ 5894.75
[12:49:50] <werner1> Exited all Emini NQ Long @ 5893.50 --> - 1.25
[12:50:04] <@wrbtrader> Shorts Emini ES @ 2470.50 -> small size
[12:50:17] <@wrbtrader> 3 contracts
[12:51:21] <winmax60> short es@2470.75
[12:51:30] <@wrbtrader> Time of day on a quiet day now...high chance for contracting volatility now.
[12:51:48] <winmax60> :-))
[12:52:17] <@wrbtrader> I have a small profit target because this price action can easily swing around and then spike higher although its still stuck near the S area of a WRB Zone
[12:52:32] <werner1> Shorts Emini NQ @ 5891.50
[12:52:46] <@wrbtrader> R area @ 2471.50
[12:53:11] <@wrbtrader> meant 2471.75
[12:53:52] <werner1> Covered all Emini NQ Short @ 5888.50 --> + 3
[12:54:00] <werner1> wrb pt1
[12:56:04] <winmax60> exit @2470.75 -.25
[12:56:58] <winmax60> no sign of shorts getting stronger yet... :-((
[12:58:24] <@wrbtrader> Price action now in a very tight contraction...
[12:58:36] <@wrbtrader> Volatility setup now for a spike
[12:59:10] <@wrbtrader> WRB pt1 will now be small if profitable
[13:00:11] <@wrbtrader> Also, nearest S area @ 2468.75 via the most recent Up WRB Hidden Gap interval 5min chart
[13:02:15] <@wrbtrader> Covered all Emini ES Short @ 2470.50 --> 0
[13:07:41] <winmax60> short es@2470.50
[13:08:21] <@wrbtrader> Eminis trying hard to push lower
[13:08:22] <winmax60> i hope that long upper shadow works as a strong sign to the market that longs finally are trapped... ;-))
[13:08:33] <@wrbtrader> Yeah...I saw it too
[13:11:31] <@wrbtrader> Shorts Emini ES @ 2470.00 -> small size
[13:11:40] <@wrbtrader> 3 contracts
[13:11:42] <@wrbtrader> re-entry
[13:12:32] <werner1> Shorts Emini NQ @ 8586.00
[13:13:12] <werner1> Covered all Emini NQ Short @ 5884.00 --> + 2702
[13:13:39] <werner1> Shorts Emini NQ @ 5886.00
[13:13:54] <werner1> Covered all Emini NQ Short @ 5884.00 --> + 2
[13:14:10] <werner1> wrb pt 1
[13:14:35] <@wrbtrader> small WRB pt1 reached
[13:15:27] <@wrbtrader> Covered all Emini ES Short @ 2469.00 --> + 1
[13:16:23] <werner1> bbl
[13:19:39] <winmax60> longs are still active.... as ym does not show any sign of joining in...i guess...
[13:21:49] <winmax60> exit 22470 +0.5
[13:21:58] <winmax60> expected too much... :-(
[13:36:15] <winmax60> shorts es@2469.75
[13:53:46] <winmax60> exit@2470 -.25
[13:54:02] <winmax60> another failure to go south.... tight range...
[13:55:37] <werner1> greed and fear....is traders biggest enemy
[13:56:36] <werner1> here is fear a big problem.....
[14:10:59] <winmax60> short es@2469.50
[14:36:16] <werner1> Shorts Emini NQ @ 5880.50
[14:37:36] <werner1> Covered all Emini NQ Short @ 5876.00 --> + 4.5
[14:38:36] <werner1> lucky me
[14:39:19] <werner1> on my exit :)
[14:39:40] <@wrbtrader> That's a nice WRB pt1...volatility showed up
[14:39:50] <werner1> yep
[14:41:30] <@wrbtrader> Shorts Emini ES @ 2469.25 -> small size
[14:41:42] <@wrbtrader> 2 contracts
[14:47:37] <@wrbtrader> The volatility correlations have been good today...a lot better than the normal 2017
[14:48:08] <@wrbtrader> Covered all Emini ES Short @ 2469.00 --> + 0.25
[14:48:14] <@wrbtrader> :(
[14:48:29] <@wrbtrader> As soon as I lowered my trail stop...it gets taken
[14:54:09] <werner1> Shorts Emini NQ @ 5876.00
[14:56:00] <werner1> Covered all Emini NQ Short @ 5876.75 --> - 0.75
[15:02:14] <@wrbtrader> Long Emini ES @ 2468.50 -> small size
[15:02:26] <@wrbtrader> 2 contracts
[15:02:46] <@wrbtrader> High risk trade because I'm still bearish
[15:03:00] <werner1> Long Emini NQ @ 5880.25
[15:03:30] <winmax60> exit @2469 +0.5
[15:03:42] <winmax60> boy..tough to hold..
[15:03:47] <@wrbtrader> I'll exit if volatility doesn't show up soon
[15:04:30] <@wrbtrader> Emini NQ futures trying but ES just lazy price action right now
[15:04:41] <werner1> Exited all Emini NQ Long @ 5882.50 --> + 2.25
[15:11:17] <@wrbtrader> Exited all Emini ES Long @ 2468.50 --> 0
[15:11:37] <@wrbtrader> early exit
[15:11:47] <@wrbtrader> Just didn't feel like "waiting"
[15:17:06] <werner1> grr mist the wrb pt1 long
[15:17:50] <werner1> i was looking at some food :(
[15:18:17] <werner1> for some...
[15:22:07] <werner1> sofar + 9.75
[15:26:29] <@wrbtrader> Long Emini ES @ 2470.50 -> small size
[15:26:40] <@wrbtrader> 3 contracts
[15:27:07] <@wrbtrader> Hopefully I'll have more patience in this trade than the prior trade
[15:29:26] <werner1> Shorts Emini NQ @ 5886.00
[15:29:28] <@wrbtrader> Emini ES futures price action trying to climb the range of the long upper shadow of the prior interval
[15:31:50] <@wrbtrader> It would be nice if the other Eminis help provide some support
[15:32:07] <@wrbtrader> Oooops...just did as I was sending the message :)
[15:32:16] <werner1> Covered all Emini NQ Short @ 5858.00 --> + 28
[15:32:49] <werner1> Long Emini NQ @ 5888.25
[15:35:58] <werner1> s 5886/5858...-2
[15:36:01] <@wrbtrader> WRB pt1 reached but I was too slow to exit
[15:36:16] <@wrbtrader> Another long upper shadow interval appeared
[15:36:37] <werner1> 5886/5888...-2 pfff
[15:39:41] <werner1> dont like theis
[15:39:49] <werner1> this crap
[15:41:25] <werner1> Exited all Emini NQ Long @ 5888.25 --> 0
[15:45:55] <@wrbtrader> Exited all Emini ES Long @ 2471.75 --> + 1.25
[15:45:58] <@wrbtrader> WRB pt1 reached
[15:47:49] <@wrbtrader> These long shadow intervals provide a lot of clues about the price action in 2017...reason why I've been relying heavily on them this year in comparison to prior years
[15:50:35] <werner1> see
[15:51:06] <werner1> Shorts Emini NQ @ 5884.00
[15:52:45] <werner1> Covered all Emini NQ Short @ 5880.00 --> + 4
[15:53:10] <@wrbtrader> That rolled over southward FAST like
[15:53:48] <@wrbtrader> Glad I took that WRB pt1 in that Long position or else I'll be sitting a loss right now on that trade
[15:54:09] <werner1> sofar + 11.75
[15:55:28] <werner1> done here ...gn wrbtrader ..all
[15:56:02] <@wrbtrader> Emini ES futures has retraced back down to the R area of the most recent Up WRB Hidden Gap interval
[15:56:51] <werner1> clock is tikking :(
[15:57:23] <werner1> take care ..cya
[15:59:24] <@wrbtrader> Shorts Emini ES @ 2468.25 -> small size
[15:59:36] <@wrbtrader> 3 contracts
[16:00:13] <@wrbtrader> Emini ES sudden volatility...other Eminis not showing the same type of volatility
[16:00:38] <@wrbtrader> choppy too
[16:00:46] <winmax60> yes...
[16:04:03] <@wrbtrader> Covered all Emini ES Short @ 2468.25 --> 0
[16:05:13] <@wrbtrader> 2468.25 the reaction low of 1300hrs est
[16:05:36] <@wrbtrader> Take care all and see all tomorrow
[16:08:20] <winmax60> ok..thanks...have a great evening...
[17:11:58] * Disconnected
Session Close: Mon Jul 31 17:11:58 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.

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 Qu├ębec, 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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