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 Post subject: July 21st Friday - Futures, Forex, Stocks and ETF
 Post Posted: Fri Jul 21, 2017 9:39 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
Business Hours: 8am - 5pm est (Mon - Fri)
wrbanalysis@gmail.com (24/7)
http://twitter.com/wrbtrader (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:
072117-Key-Price-Action-Markets.png
072117-Key-Price-Action-Markets.png [ 837.74 KiB | Viewed 259 times ]

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

##TheStrategyLab Archive Chat Logs

Session Start: Fri Jul 21 09:38:21 2017
Session Ident: ##TheStrategyLab
[09:38:21] * Now talking in ##TheStrategyLab
[09:38:21] * 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'
[09:38:21] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:38:22] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:40:28] <werner1> gm all
[09:41:59] <Tigerman______> test
[09:42:02] <Tigerman______> gm all
[09:42:27] <Tigerman______> noizy area in ES
[09:42:40] <Tigerman______> plus I got some issue in chat pc
[09:43:04] <Tigerman______> plus I can t find manu to modify my security settings on broker :(
[09:43:16] <Tigerman______> TS order entry via dome
[09:46:06] <werner1> that happens only on monday:(
[09:50:52] <werner1> Shorts Emini NQ @ 5899.00
[09:51:37] <werner1> Covered all Emini NQ Short @ 5893.00 --> + 6
[09:51:53] <werner1> wrb pt1
[09:53:06] <wrbtrader> I got a few suspecting emails the past week by traders I don't know in which they asked how come the chat logs aren't updated..."nothing" has been posted since September 2016
[09:53:43] <wrbtrader> I replied only via sending them a link for the archive chat logs @ http://www.thestrategylab.com/ftchat/forum
[09:54:46] <wrbtrader> Just in case they made the mistake of reading someone's else forum or listening to anonymous trolls still posting negative comments
[09:57:15] <Tigerman______> hi wrbtrader... yeah a lot of people outhere make us lose our time :(
[09:57:30] <werner1> indd
[09:57:52] <wrbtrader> Agree
[09:58:41] <Donnin______> SH ES
[10:10:41] <Tigerman______> FYI I just did around 15 entry today
[10:10:56] <Tigerman______> I m already tired :)
[10:11:11] <wrbtrader> :(
[10:11:31] <Tigerman______> I wait for a decent move to load up the boat
[10:11:37] <Donnin______> i keep getting sh
[10:11:41] <Tigerman______> just collecting tick
[10:11:51] <Tigerman______> commisions eat most of it
[10:12:11] <Donnin______> at these slides
[10:12:24] <Tigerman______> plus still I have to figure out where is the setting preven me to use larger size in my platform
[10:12:27] <Donnin______> and then no continuation
[10:12:48] <Tigerman______> price try to climb inside today open
[10:13:03] <Tigerman______> balanced market now
[10:13:29] <wrbtrader> Market made its initial move back around 0555am est
[10:13:46] <wrbtrader> I was asleep...drooling on my pilliow :)
[10:15:02] <Tigerman______> I was losing my time working at another jub :(
[10:15:07] <Tigerman______> job
[10:15:46] <Tigerman______> exit on that working position this year
[10:16:57] <werner1> bbl
[10:17:22] <Tigerman______> simply need some refund on my tax
[10:17:37] <Tigerman______> I cant claim that via trading gain :(
[10:18:00] <Tigerman______> plus just add a bit more for retire fund
[10:18:51] <Tigerman______> simply with with low vola it is not so easy choise leave others activity and dedicate full time to trading
[10:19:38] <Tigerman______> at last I adapted to this context and I m more relaxed
[10:19:44] <wrbtrader> I've come to the conclusion after testing a few brokers mobile trading...not good on a cell phone but better on a bigger screen mobile device
[10:20:16] <wrbtrader> Many of the manuals were too small and some had their buy and Sell buttons next to each other
[10:20:26] <Tigerman______> I-pad is it ok for you wrbtrader?
[10:20:37] <wrbtrader> Try using that on a cell phone without making trade errors :(
[10:21:05] <wrbtrader> Ipad ok but I had major problems with that due to how my Ipad is setup
[10:21:09] <Tigerman______> to dangerous trading via cell phone in my opinion
[10:21:34] <Tigerman______> maybe only good for closing long term positions
[10:21:44] <wrbtrader> I'm using a U.S. cellular 4G service while residing in Canada
[10:22:35] <wrbtrader> I think its a security issue, firewall issue...just not sure
[10:23:40] <wrbtrader> I've even got "locked out" because the account is U.S. and I was logging in via Canada.
[10:24:10] <wrbtrader> Not an issue via a desktop but an issue on mobile devices like iPad
[10:25:35] <wrbtrader> Once I can find something reliable without any issues for mobility back n forth between Canada and the USA...
[10:25:50] <wrbtrader> I will then test its reliability from France
[10:26:34] <wrbtrader> I think these mobile trading platforms assume you're still in the same country :)
[10:27:19] <Tigerman______> yep
[10:27:56] <wrbtrader> I had the same problems with banking about 15 years ago
[10:28:08] <Tigerman______> wrbtrader... in my TS setting as default it need login from same computer
[10:28:39] <Tigerman______> Ip setting plus something else written on HD or similar
[10:28:44] <wrbtrader> Most of their databases wasn't setup for accepting foreign addresses...today many are but some well known banks still are not setup for such.
[10:29:37] <wrbtrader> For example...one of my banks (a big well known bank in the U.S.) is unable to accept my Canadian Postal Code (Zip Code)
[10:30:18] <wrbtrader> They instead give me a "random" Zip of "00000"
[10:30:23] <wrbtrader> :)
[10:30:25] <wrbtrader> Crazy
[10:31:31] <wrbtrader> They also can't manage the fact that I have a home in the U.S., reside in Canada and have a home in France...
[10:31:59] <wrbtrader> They can't hanle when I change the addresses to a location outside of the U.S.
[10:35:19] <wrbtrader> Big news here in Canada...government has shut down the websit Alphabay although the website operated out of the U.S. and Thailand
[10:36:08] <wrbtrader> Website has been known and popular here in Canada for a place to buy online drugs and weapons
[10:37:06] <wrbtrader> I remember a few years back some kids at my son's school was sharing links to that site for a source of drugs :(
[10:37:14] <wrbtrader> Glad they finally shut it down
[10:38:43] <wrbtrader> Also, well know for its connection to Bitcoins and illegal activities involving cryptocurrencies
[10:39:01] <wrbtrader> Even a rumor about them doing an IPO...reason why I'm mentioning this story
[10:42:10] <Tigerman______> vola dry up
[10:42:28] <Tigerman______> maybe price can spike down
[10:54:59] <Tigerman______> sh es 2464.25
[10:55:35] <Tigerman______> exit 2/3 @ 63.75 +2 tk
[11:01:57] <Tigerman______> exit all rem @ 2464 +1 tk
[11:02:57] <werner1> back
[11:03:23] <werner1> just mist nothing i see...:(
[11:04:26] <werner1> pfff sideways crap ...nq
[11:05:47] <werner1> Shorts Emini NQ @ 5899.00
[11:06:16] <werner1> Covered all Emini NQ Short @ 5897.00 --> + 2
[11:06:32] <wrbtrader> I'm just studying the price action and reading online articles about the problematic volatility
[11:06:43] <wrbtrader> so many have different opinion
[11:06:57] <werner1> as always :(
[11:07:50] <wrbtrader> I got a private message at the forum by someone asking "how to know when not to trade" ?
[11:08:13] <wrbtrader> I responded to take a look at any stressful or problematic trading days...
[11:08:39] <wrbtrader> Then look for any commonalities that are trading related and that are personal related
[11:09:01] <wrbtrader> When those commonalities appear again...that's when you don't trade :)
[11:10:00] <Tigerman______> wrbtrader... the Fact is.... one need ton of experience and screen time
[11:10:33] <wrbtrader> Yes...very true
[11:10:35] <Tigerman______> lg es 2464.75
[11:11:00] <Tigerman______> exit 2/3 65.25 +2t
[11:11:22] <wrbtrader> Someone told me he recently identified the commonality for his poor (losing) trading days...
[11:12:03] <wrbtrader> His wife was helping her sister in a tough financial situation via babysitting her sister's three small kids
[11:12:56] <wrbtrader> It was so loud and disturbing at their house with the kids...it caused major distractions and the wife expected him to "help out" with baby sitting the kids :)
[11:13:24] <Tigerman______> exit all rem @ 2465.50 +3tk
[11:13:32] <wrbtrader> He's now banned the kids from the house during the trading day but the wife can baby sit at her sister's house :)
[11:19:48] <Tigerman______> lg es 2466
[11:23:38] <Tigerman______> exit all 65.50 -2tk
[11:28:43] <Tigerman______> lg es 65.75
[11:33:03] <Tigerman______> exit all @ 66 +1t
[11:34:59] <werner1> Long Emini NQ @ 5907.75
[11:36:18] <Tigerman______> lg es 66.75
[11:38:26] <werner1> mmm
[11:42:00] <werner1> Exited all Emini NQ Long @ 5909.50 --> + 1.75
[11:42:46] <werner1> wrb pt1
[11:44:07] <werner1> sofar + 9.75
[11:45:42] <Tigerman______> exit all @ 67.25 +2tk
[11:50:59] <Tigerman______> take care all have a safe weekend see all next week
[11:57:43] <werner1> Long Emini NQ @ 5909.75
[12:00:45] <werner1> Exited all Emini NQ Long @ 5912.00 --> + 2.25
[12:02:20] <wrbtrader> I've only seen 1 trade signal today @ 1115am est
[12:03:02] <wrbtrader> I missed it and I didn't want to do any chasing today
[12:03:47] <wrbtrader> Thus, I just watched. It did eventually produced a WRB pt1 around 1155am est
[12:04:18] <wrbtrader> That's a decent looking WRB pt1 of about +2 points
[12:22:21] <werner1> it seems nq cant close the gap today
[12:24:32] <werner1> Difficult too trade in a direction today
[12:25:25] <wrbtrader> Trading for ticks today if trading
[12:25:42] <wrbtrader> If caught a few points...congrats
[12:33:26] <werner1> bbl
[13:48:32] <winmax60> breakout pullback to previous low... time for attention???
[13:51:15] <wrbtrader> In reference to the Emini futures ?
[13:51:29] <winmax60> es 5min
[13:52:11] <winmax60> nq is telling the same story
[13:52:53] <winmax60> 10:00 PST
[13:53:06] <wrbtrader> I'm bullish bias unless it can drop below the most recent reaction low of 1225pm est
[13:53:46] <winmax60> ok... :-)
[13:59:40] <winmax60> critical junction... mkt pretty quiet...
[14:04:34] <winmax60> Is YM joining now?
[14:17:12] <winmax60> Ym resists hard.... solidifying a base now?
[14:50:08] <Donnin______> i dunno market already slide 10 points when i took morning short
[14:51:19] <Donnin______> so if i was expecting follow through there would of been no reason to short there
[14:52:34] <Donnin______> that actually the most dangerous area to enter
[14:52:37] <Donnin______> for the es
[14:57:05] <Donnin______> yesterday we did the same thing
[14:58:14] <Donnin______> i wasn't expecting a big down day so even tho got the trade signal i have to ask am i expecting to much from the market?
[15:05:18] <winmax60> have a great weekend ...everyone.... see you all next week.....
[18:41:13] <wrbtrader> I just got back...
[18:41:25] <wrbtrader> Donnin...just read your question...
[18:41:39] <wrbtrader> Yes, you're expecting too much out of this type of market
[18:42:08] <wrbtrader> Volatility too low. It has been such for many months now...at least the entire 2017 so far
[18:42:53] <wrbtrader> The few profitable traders out there to doing several things to minimize the negative impact of these trading conditions
[18:43:35] <wrbtrader> Lower position size, less trades, smaller profit targets, less risky trades although all trades are a risk
[18:43:50] <wrbtrader> These are things we can control and do
[18:44:08] <wrbtrader> Take care all and see all next week on Monday
[19:55:50] * Disconnected
Session Close: Fri Jul 21 19:55:50 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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