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 Post subject: July 10th Monday - Futures, Forex, Stocks and ETF
 Post Posted: Mon Jul 10, 2017 4:58 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
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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:
071017-Key-Price-Action-Markets.png
071017-Key-Price-Action-Markets.png [ 820.54 KiB | Viewed 244 times ]

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

Session Start: Mon Jul 10 09:37:28 2017
Session Ident: ##TheStrategyLab
[09:37:29] * Now talking in ##TheStrategyLab
[09:37:29] * 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'
[09:37:29] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:37:33] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:48:35] <wrbtrader> Long lower shadow interval in Emini ES providing support with low at 2422.25
[09:49:12] <werner1> strange open
[09:50:14] <wrbtrader> agree
[09:50:41] <wrbtrader> Looked like it was going to take off northward and suddenly that crappy price action showed up
[09:50:53] <wrbtrader> Must have trapped many traders
[09:50:54] <werner1> indd
[09:57:58] <wrbtrader> Short and Long signal at the same time via the 5min chart
[09:58:04] <wrbtrader> Geeesh :(
[09:58:23] <wrbtrader> Shorts Emini ES @ 2420.75 -> small size
[09:58:29] <wrbtrader> 5 contracts
[09:59:11] <wrbtrader> Contradictory signals...will just follow the overall down direction with a small size position
[10:00:42] <wrbtrader> Covered all Emini ES Short @ 2421.25 --> - 0.5
[10:01:31] <wrbtrader> Long Emini ES @ 2421.75 -> small size
[10:01:41] <wrbtrader> 5 contracts
[10:05:17] <wrbtrader> Exited all Emini ES Long @ 2423.00 --> + 1.25
[10:05:32] <wrbtrader> early exit
[10:05:38] <wrbtrader> Not a WRB exit
[10:06:09] <wrbtrader> Got spooked by the slowed down volatility and price action was near a reaction high
[10:06:42] <wrbtrader> Reaction high @ 2424.00
[10:26:50] <wrbtrader> Shorts Emini ES @ 2423.25 -> small size
[10:27:28] <wrbtrader> 5 contracts...took a few scale ins
[10:28:58] <wrbtrader> Most recent Up WRB Hidden Gap interval acting like a support area
[10:29:07] <wrbtrader> 1min chart
[10:29:18] <wrbtrader> My trade entry was near the R area
[10:31:04] <wrbtrader> Covered all Emini ES Short @ 2424.00 --> - 0.75
[10:31:46] <wrbtrader> Long Emini ES @ 2424.25 -> small size
[10:31:52] <wrbtrader> 5 contracts
[10:32:38] <wrbtrader> May not be a wise trade....only a tick above that earlier mentioned R area
[10:34:13] <wrbtrader> Exited all Emini ES Long @ 2423.25 --> - 1
[10:34:32] <wrbtrader> Shorts Emini ES @ 2423.00 -> large size
[10:34:38] <wrbtrader> 10 contracts
[10:34:50] <wrbtrader> Emini NQ futures coughed first
[10:34:58] <wrbtrader> I'm just following it downwards
[10:35:15] <wrbtrader> volatility increasing...reason for the increased in position size
[10:38:02] <wrbtrader> Covered all Emini ES Short @ 2422.75 --> + 0.25
[10:56:44] <wrbtrader> Several of the Emini futures now above their most recent reaction highs
[10:57:17] <wrbtrader> Long Emini ES @ 2425.75 -> small size
[10:57:23] <wrbtrader> 5 contracts
[10:57:44] <werner1> sorry ..had some phone calls here
[10:58:15] <werner1> bbl
[11:07:01] <wrbtrader> another trade near a reaction high
[11:08:46] <wrbtrader> WRB pt1 reached
[11:09:11] <wrbtrader> Exited all Emini ES Long @ 2427.25 --> + 1.5
[11:10:06] <wrbtrader> Had a little more patience this time in comparison to the prior trades
[11:28:12] <wrbtrader> Emini ES futures price check @ 2425.50
[11:33:48] <wrbtrader> volatility contraction and price not moving much in the Emini ES futures
[11:34:14] <wrbtrader> Price Check @ 2425.75
[11:40:40] <wrbtrader> Price Check @ 2425.752426.50
[11:40:54] <wrbtrader> 2426.50
[11:41:21] <werner1> 26.25
[11:41:30] <werner1> 26.00
[11:41:49] <werner1> .25
[12:10:23] <wrbtrader> Emini ES futures price check @ 2427.75
[13:46:30] <werner1> back
[14:43:04] <wrbtrader> Emini ES futures price check @ 2428.25
[14:43:48] <wrbtrader> 2428.00
[14:43:57] <werner1> 28.00
[14:44:09] <werner1> .25
[14:46:06] <werner1> do you not trust your data vendor ?
[14:46:28] <wrbtrader> Yes but that's not the reason why I do the price checks...
[14:46:55] <wrbtrader> I do them because there all users in here are on different IRC servers every day.
[14:47:17] <werner1> djeez
[14:47:18] <wrbtrader> The clocks on those servers are NOT the same
[14:47:35] <wrbtrader> Further, those reading the logs have their own clock
[14:48:02] <wrbtrader> Thus, the logs (difference in the clocks) can only be meausre by the "price checks"
[14:49:33] <wrbtrader> For example, if a reader tells me a trade or price check by me is 15 secs after the fact...whereas another reader tells me their clock shows the price in the logs to be occurring 7 seconds before it actually happens...
[14:49:56] <wrbtrader> That's something I'm concerned about
[14:50:18] <wrbtrader> Yet once in awhile...the price checks is about the data vendor
[14:50:30] <wrbtrader> I use three different data sources...
[14:51:09] <wrbtrader> If they're showing differences in the data in comparison and I get a strange fill...I wonder then which one I should be watching
[14:52:01] <wrbtrader> I've seen differences as much as 1.5 points in the first hour of the trading session but than it normalizes around mid-day...everybody on the same page
[14:52:38] <wrbtrader> Right now...the Emini ES is slow as a snail
[14:52:47] <wrbtrader> We all should be seeing the same price
[14:53:04] <wrbtrader> Price check @ 2427.75
[14:53:05] <werner1> ok...but i think there must be someting like trust ...if the people outside make coments abought that so bee it ...let them swimm...
[14:53:25] <wrbtrader> Well...agree
[14:54:02] <werner1> 27.25
[14:54:13] <wrbtrader> Yet, it was the outside reader that made me research the clocks on different servers that revealed the servers are not on the same time
[14:56:34] <wrbtrader> Anyways...so much contraction right now...
[14:56:48] <werner1> yeah pff
[14:57:18] <wrbtrader> I'm watching Winbeldon match between Nadal / Muller on one of my monitors...I'm bored :)
[14:58:06] <wrbtrader> Hi Tigerman
[14:58:48] <Tigerman______> wow thanks for welcome me soon as I connect :)
[14:58:50] <werner1> me too :(
[14:58:58] <werner1> yo tigerman
[14:59:02] <Tigerman______> Hi wrbtrader and all
[14:59:06] <Tigerman______> hi werner
[14:59:25] <Tigerman______> not sure if you guys talk arleady ...
[14:59:37] <werner1> lol
[14:59:38] <wrbtrader> I hope there's more action in the last hour of the regular trading session
[14:59:39] <Tigerman______> today Russel 2000 is back
[14:59:47] <Tigerman______> on CME
[14:59:54] <werner1> yes i know
[15:00:08] <wrbtrader> It looks sluggish
[15:00:28] <wrbtrader> Then again...same with the other Eminis too right now :)
[15:00:59] <Tigerman______> tis morning was good action in dax
[15:01:11] <Tigerman______> I look at it via mobile
[15:01:55] <wrbtrader> Yeah...I was watching earlier today the price action in Eurex DAX futures and the Euonext FTSE1 100 futures
[15:02:14] <wrbtrader> My feed for CAC 40 futures wasn't working this morning
[15:02:20] <werner1> where do you live tigerman?
[15:03:17] <Tigerman______> in my home :)
[15:03:27] <werner1> lol
[15:03:29] <Tigerman______> sorry for the kiddy
[15:03:31] <werner1> me too
[15:03:38] <Tigerman______> ok good :)
[15:03:41] <werner1> np
[15:04:06] <Tigerman______> ok seriously I live between italy uk and asia
[15:04:21] <werner1> ok
[15:04:36] <Tigerman______> this summer remain in italy
[15:05:14] <Tigerman______> just some trip in UK to follow Tennis wimbledon
[15:06:37] <werner1> thats a nice trip
[15:07:35] <Tigerman______> yeah I play tennis these days while time ago I competed
[15:08:12] <Tigerman______> not got oportunity to play in atp 100 wimbledon :)
[15:09:43] <Tigerman______> wrbtrader and others ...have you illiquid quote on russel on cme ?
[15:12:52] <wrbtrader> Yes...illiquid...very light...only 1 contract trades
[15:13:20] <wrbtrader> I've seen a few 2 contract trades but that doesn't really imply it was 2 contrasts...
[15:13:50] <wrbtrader> It still could have been 1 + 1 contracts on the same order
[15:15:32] <Tigerman______> yeah very light
[15:15:54] <Tigerman______> seems most direction index right now
[15:16:20] <Tigerman______> sh 140 iwm
[15:16:48] <werner1> wow charts looks Terrible 1 min
[15:16:49] <Tigerman______> exit 2/3 139.88 +12 tk
[15:17:19] <wrbtrader> Tigerman what total volume do you have for the Russell on the CME
[15:17:21] <wrbtrader> ?
[15:17:46] <Tigerman______> for today section ?
[15:17:51] <wrbtrader> Yes
[15:18:00] <Tigerman______> I check
[15:20:05] <Tigerman______> seems 1600 pz
[15:20:21] <Tigerman______> 1600 contracts
[15:20:23] <Tigerman______> odd noly chart
[15:20:31] <wrbtrader> It'll be lucky to see get above 2,000 by the regular session close
[15:20:36] <Tigerman______> so I used 60 min then sum all
[15:20:58] <Tigerman______> every hour almost 200 pz
[15:21:08] <Tigerman______> some bars 400 pz
[15:21:19] <Tigerman______> is it similar for you wrbtrader ?
[15:21:26] <wrbtrader> Yeah...close to it
[15:22:04] <wrbtrader> Also, if I remember correctly...the Russell had switched from the CME to ICE in low volatility conditions
[15:22:18] <Tigerman______> close 1/3 all iwn @ 139.95 +5 tk
[15:22:45] <Tigerman______> also was some rabalancing days ago
[15:22:53] <wrbtrader> Now it switched back to the CME in similar like fashion but on very low volume
[15:22:56] <Tigerman______> anyway summer sseason
[15:23:11] <wrbtrader> Yes...thanks for the reminder about the rebalance day
[15:23:57] <Tigerman______> this morning Dax was good while I was busy doing some thing else :(
[15:24:20] <Tigerman______> simply I finish some works on my old job
[15:26:17] <Tigerman______> spx inside most dark wrb hg
[15:30:12] <werner1> Long Emini NQ @ 5701.50
[15:30:26] <Tigerman______> FYI now in Wimbledon Nadal VS Muller
[15:30:46] <Tigerman______> 2 set for each
[15:30:47] <wrbtrader> Yeah...I'm watching it on one of my monitors
[15:30:58] <Tigerman______> last sset is now 14/13
[15:31:21] <Tigerman______> wrbtrader I assume you follow Raonic
[15:31:30] <Tigerman______> it plays for canada
[15:31:32] <wrbtrader> No
[15:31:41] <werner1> Exited all Emini NQ Long @ 5703.50 --> + 2
[15:31:50] <wrbtrader> I don't follow the Canadian tennis players
[15:32:18] <Tigerman______> ok Nadail is out
[15:32:24] <wrbtrader> Yep
[15:32:29] <Tigerman______> 15/13
[15:33:45] <Tigerman______> for Muller
[15:37:23] <werner1> Long Emini NQ @ 5705.50
[15:37:37] <wrbtrader> Long Emini ES @ 2428.50 -> small size
[15:37:42] <wrbtrader> 2 contracts
[15:38:20] <werner1> Exited all Emini NQ Long @ 5709.25 --> + 3.75
[15:39:09] <werner1> wrb pt 1 3min
[15:40:02] <Tigerman______> lg es 2429
[15:40:51] <Tigerman______> exit 2/3 2429.75 +3t
[15:41:50] <wrbtrader> WRB pt1 reached
[15:42:34] <Tigerman______> exit rem 1/3 2429.25 +1tk
[15:42:42] <wrbtrader> Emini ES having problems now just above the reaction high of the overnight trading session
[15:43:06] <wrbtrader> I thouht it had a chance to run northward when it hit 2430
[15:43:31] <Tigerman______> yeah also spy reach July 5 close now
[15:44:33] <wrbtrader> Exited all Emini ES Long @ 2428.50 --> 0
[15:44:38] <wrbtrader> :(
[15:46:47] <Tigerman______> sh es 2427.75
[15:48:05] <werner1> Shorts Emini NQ @ 5705.00
[15:48:43] <werner1> Covered all Emini NQ Short @ 5703.75 --> + 1.25
[15:49:43] <werner1> sofar +7
[15:50:42] <Tigerman______> exit 2/3 @ 2427.50 +1 tk
[15:51:07] <Tigerman______> exit all rem @ 2427.25 +2 tk
[15:53:05] <wrbtrader> Shorts Emini ES @ 2426.75 -> small size
[15:53:14] <wrbtrader> 2 contracts
[15:55:09] <werner1> Shorts Emini NQ @ 5701.50
[15:55:54] <werner1> Covered all Emini NQ Short @ 5702.00 --> - 0.5
[15:58:12] <werner1> Shorts Emini NQ @ 5701.00
[15:58:40] <wrbtrader> Covered all Emini ES Short @ 2425.50 --> + 1.25
[15:58:42] <wrbtrader> WRB pt1 reached
[15:58:53] <werner1> Covered all Emini NQ Short @ 5698.00 --> + 3
[16:00:03] <werner1> day close @ + 9.5
[16:01:36] <werner1> gn all ...
[16:01:55] <Tigerman______> bye werner
[16:03:05] <wrbtrader> CME Russell got above 2,000 volume :)
[16:03:29] <Tigerman______> good
[16:04:14] <wrbtrader> Lets give it a week :)
[16:07:08] <wrbtrader> Take care all and see all tomorrow
[16:08:05] <Tigerman______> yeah same for me
[16:08:12] <Tigerman______> take care all see next time
[17:53:16] * Disconnected
Session Close: Mon Jul 10 17:53:16 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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