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 Post subject: July 17th Monday - Futures, Forex, Stocks and ETF
 Post Posted: Tue Jul 18, 2017 8:01 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)
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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

Attachment:
071717-Key-Price-Action-Markets.png
071717-Key-Price-Action-Markets.png [ 1.05 MiB | Viewed 243 times ]

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

##TheStrategyLab Archive Chat Logs

Session Start: Mon Jul 17 09:30:58 2017
Session Ident: ##TheStrategyLab
[09:30:58] * Now talking in ##TheStrategyLab
[09:30:58] * 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'
[09:30:58] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:30:59] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:37:36] <Tigerman______> gm all
[09:37:47] <wrbtrader> Hi Tigerman
[09:37:59] <Tigerman______> Hi wrbtrader
[09:38:05] <Tigerman______> volatility very low
[09:38:14] <Tigerman______> it is not a nes :)
[09:38:18] <Tigerman______> news
[09:38:49] <wrbtrader> I'm going to take a closer look at RY (Emini Russell). I hate the new symbology name they have for it :)
[09:48:41] <wrbtrader> Long Emini ES @ 2457.25 -> small size
[09:48:52] <wrbtrader> 3 contracts
[10:01:45] <wrbtrader> Emini NQ futures moving up very nicely...not Emini ES futures...its still struggling around 2457.50
[10:06:02] <wrbtrader> Exited all Emini ES Long @ 2458.25 --> + 1
[10:08:11] <wrbtrader> I had to take that WRB pt1 because Emini ES futures is struggling too much in comparison to Emini NQ futures and its struggling in the range of several prior long upper shadow intervals
[10:09:05] <wrbtrader> If it had not struggle so much or lagged so much...I would have enter that trade with a larger position size and held the trade beyond a WRB pt1 for a possible WRB pt2
[10:09:36] <Tigerman______> yeah struggling price action in ES
[10:09:43] <Tigerman______> I did some fast scalps
[10:09:59] <Tigerman______> simply I no trust this junk
[10:11:13] <Tigerman______> wrbtrader... in case you not noted, VXX at record low :(
[10:12:04] <Tigerman______> in receny years his volume increase
[10:16:35] <wrbtrader> Yeah...its low but unless my data is incorrect...it can't be a record low because its still above 9.00 unless the record low is in reference to this year only
[10:17:37] <wrbtrader> Maybe a 10 year low
[10:19:35] <Tigerman______> wrbtrader I talk for VXX... do you mean VIX ?
[10:19:58] <wrbtrader> Yeah...I was talking about VIX
[10:20:19] <Tigerman______> VIX arond 9.55 as low VXX is now at 11.71
[10:20:40] <Tigerman______> 16:11:33 <Tigerman______> wrbtrader... in case you not noted, VXX at record low :( ok I said VXX before :)
[10:20:54] <Tigerman______> behave a bit different
[10:21:07] <Tigerman______> I suspect is heavy manipulated like the options
[10:21:30] <wrbtrader> Still always horrible trading conditions for the retail trader
[10:21:39] <Tigerman______> simply I said long ago here it is a nice strategy sell VXX at any up rebound
[10:21:45] <werner1> hi all
[10:21:51] <Tigerman______> hi werner
[10:22:05] <Tigerman______> yeah worst conditions
[10:22:21] <Tigerman______> simply real fresh new money is not here
[10:24:33] <wrbtrader> Yeah...options has a big impact on the volatility that's impacting the markets
[10:25:46] <Tigerman______> central banks try all they can to support bull market
[10:27:36] <wrbtrader> My old man's diary has circled in red a big warning about low VIX under 10 with rising interest rates...exploited my options by the big boys
[10:27:59] <werner1> Shorts Emini NQ @ 5852.75
[10:28:04] <wrbtrader> Canada last week has started raising its interest rates
[10:28:23] <wrbtrader> Credit card companies in the U.S. doing the same
[10:29:05] <wrbtrader> I think there's more room for "rising interest rates" to go higher
[10:29:28] <wrbtrader> I expect to see more "home foreclosures" too
[10:29:50] <wrbtrader> or more people cashing out (selling their homes)
[10:30:49] <wrbtrader> I started posting "warnings" in here about "low VIX/VXX" back in 2013 if it lasts for more than several years.
[10:31:15] <wrbtrader> It will run most of the typical retail trader out of town
[10:31:54] <wrbtrader> We had a brief bump up in the VIX and VXX in year 2015 but things have been much worst since then
[10:32:32] <wrbtrader> Also, we use to have the big trading months of January and February as a cushion...big profitable months
[10:32:35] <Tigerman______> yeah totally agree
[10:32:41] <wrbtrader> We didn't have that this year :(
[10:33:25] <Tigerman______> at this point not only retailer
[10:34:14] <Tigerman______> I mean any trading strategy has hard time to work out with low vola
[10:34:34] <Tigerman______> because miss a momentum
[10:34:36] <wrbtrader> I know a lot of Hedge Funds been struggling badly since last year
[10:35:03] <wrbtrader> Some know getting into the business of Options
[10:35:34] <wrbtrader> There's a story there...they (hedge funds) knows what's going on and want a part of it
[10:37:18] <werner1> Covered all Emini NQ Short @ 5842.00 --> + 10.75
[10:37:30] <werner1> gotcha
[10:38:49] <wrbtrader> Emini NQ kicking but today with its volatility in comparison to the other Emini futures
[10:38:59] <wrbtrader> but = butt
[10:41:41] <wrbtrader> Emini NQ futures moved strongly back down into the range of those earlier long lower shadow intervals
[10:41:55] <wrbtrader> Its volatility has now slowed down in that price area
[10:48:14] <wrbtrader> Long Emini ES @ 2458.25 -> small size
[10:48:21] <wrbtrader> 3 contracts
[10:48:24] <wrbtrader> choppy now
[10:48:46] <wrbtrader> I'm trying to exploit that chop in hopes volatility shows up soon to smooth out the chop
[10:49:08] <wrbtrader> Emini NQ not choppy now like Emini ES futures
[10:49:33] <Tigerman______> I no see good action in minutes chart
[10:49:49] <Tigerman______> so I use tick or seconds
[10:49:58] <Tigerman______> just few ticks
[10:50:07] <Tigerman______> or stay sidelines
[10:50:26] <Tigerman______> stay sidelines is hard very hard for me
[10:52:45] <werner1> nq try to stay above the open
[10:53:33] <Tigerman______> every Index is on his own :(
[10:53:34] <werner1> and fridays hod
[10:54:07] <Tigerman______> out of sync due low vola
[10:54:55] <Tigerman______> ES need Up spike here
[10:55:09] <Tigerman______> otherwise back on this mud
[10:57:44] <werner1> i dont like cynic i like a index to due his one thing...so i can trust only the thing i trade
[10:58:38] <werner1> i think nq do his own thing
[10:58:47] <werner1> its the leader imo
[10:59:05] <wrbtrader> Agree but I don't know when that type of trading environment will return overall for all the Emini futures...
[10:59:26] <wrbtrader> So many different things not related to the markets that's impacting volatility
[11:00:07] <wrbtrader> That strange inverse price action has showed up between Emini ES futures and Emini NQ futures
[11:00:21] <wrbtrader> One of them will snap and try to catch up with the other
[11:02:11] <wrbtrader> Exited all Emini ES Long @ 2459.25 --> + 1
[11:02:34] <wrbtrader> early exit
[11:02:39] <wrbtrader> Not a WRB pt1
[11:10:01] <werner1> Shorts Emini NQ @ 5837.75
[11:11:24] <werner1> Covered all Emini NQ Short @ 5836.50 --> + 1.25
[11:12:20] <wrbtrader> I don't like the temporary inverse like pirce action in the Emini futures between ES and NQ
[11:12:33] <wrbtrader> Will use this time to take a break and get some rest
[11:14:28] <werner1> the prev hour low is broken...and below the open
[11:23:27] <werner1> lol nq is again at the open
[11:24:58] <werner1> fridays high is 47.75
[11:25:04] <werner1> lets see
[11:25:48] <werner1> above or belowe???
[11:29:17] <wrbtrader> Long Emini ES @ 2459.00 -> small size
[11:29:26] <wrbtrader> 1+2 contracts
[11:30:05] <werner1> Long Emini NQ @ 5844.00
[11:31:11] <werner1> Exited all Emini NQ Long @ 5845.00 --> + 1
[11:35:36] <werner1> love to see that cant take the open
[11:36:08] <werner1> Shorts Emini NQ @ 5842.25
[11:36:55] <werner1> Covered all Emini NQ Short @ 5838.25 --> + 4
[11:37:09] <werner1> wrb pt1
[11:38:26] <werner1> below the open...i love it
[11:39:29] <werner1> + 18 sofar
[11:42:47] <werner1> lower high lower low 60 min
[12:05:45] <Tigerman______> another ugly action day
[12:05:51] <Tigerman______> take care all see next time
[12:27:18] <wrbtrader> Exited all Emini ES Long @ 2458.75 --> - 0.25
[12:27:39] <wrbtrader> Taking another rest period...be back later
[13:21:06] <werner1> Shorts Emini NQ @ 5847.00
[13:24:22] <werner1> Covered all Emini NQ Short @ 5847.50 --> - 0.5
[13:25:45] <werner1> need below 46.50
[13:26:58] <wrbtrader> Shorts Emini ES @ 2459.00 -> small size
[13:27:06] <wrbtrader> 3 contracts
[13:29:09] <werner1> Shorts Emini NQ @ 5846.00
[13:30:38] <werner1> damm fight the open here
[13:30:45] <wrbtrader> Yep
[13:48:02] <wrbtrader> lost my patience :(
[13:52:41] <wrbtrader> WRB pt1 reached
[13:53:39] <wrbtrader> Covered all Emini ES Short @ 2458.00 --> + 1
[13:54:01] <wrbtrader> Taking another rest...be back later
[14:04:05] <werner1> djeez my douther at bali ...and very ill...if she is still ill tomorrow ill get her in a plane to come home....damm asia....stay home pleaseeeeeeeeeee
[14:10:47] <werner1> Shorts Emini NQ @ 5834.25
[14:11:58] <werner1> Covered all Emini NQ Short @ 5832.50 --> + 1.75
[14:17:08] <werner1> and my son wil have a vacation in thailand in august ...djeez....we went to spain when where jong...madness
[14:17:45] <werner1> spain is 2 hour flight from here
[14:18:09] <werner1> bali 15 hour
[14:18:19] <werner1> madness
[14:20:29] <werner1> brb
[14:37:15] <werner1> done..try to relax here..
[21:43:42] * Disconnected
Session Close: Mon Jul 17 21:43:42 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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