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 Post subject: July 25th Tuesday - Futures, Forex, Stocks and ETF
 Post Posted: Wed Jul 26, 2017 2:15 am 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
Price Action Trading (no technical indicators)
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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:
072517-Key-Price-Action-Markets.png
072517-Key-Price-Action-Markets.png [ 848.08 KiB | Viewed 225 times ]

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

##TheStrategyLab Archive Chat Logs

Session Start: Tue Jul 25 09:27:47 2017
Session Ident: ##TheStrategyLab
[09:27:47] * Now talking in ##TheStrategyLab
[09:27:47] * 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'
[09:27:47] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:27:47] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:39:08] <Tigerman______> gm all
[09:46:44] <wrbtrader> Good morning all
[09:47:11] <Tigerman______> hi wrbtrader
[09:48:06] <Tigerman______> wrbtrader... we are at Vix record low looking at last 20 years !!!
[09:48:55] <Tigerman______> wait for 10am news rich Index
[09:49:12] <Tigerman______> maybe is the only thing can shake up
[09:49:24] <Tigerman______> unless some nowhere move
[09:53:05] <wrbtrader> Yeah...scary VIX number
[09:55:11] <wrbtrader> I think its (volatility, Options) are making those big price movements in the overnight trading session or just before the open...
[09:55:33] <wrbtrader> Not much happening after the regular session opening bell unless its "breaking news" related
[09:58:21] <Tigerman______> if you look at major indexes ..
[09:58:32] <Tigerman______> they are on their own
[09:58:44] <Tigerman______> all vs all :)
[09:59:21] <Tigerman______> Ym and Nq inverse correlated :)
[10:00:21] <Tigerman______> at first I thought look at wrong chart :)
[10:07:12] <werner1> gm all
[10:08:58] <werner1> Shorts Emini NQ @ 5929.50
[10:09:00] <Tigerman______> sh es 2473
[10:09:04] <Tigerman______> small
[10:09:10] <Tigerman______> seems a bit vola
[10:09:37] <wrbtrader> Shorts Emini ES @ 2473.25 -> small size
[10:10:02] <wrbtrader> 3+2 contracts
[10:10:25] <werner1> Covered all Emini NQ Short @ 5927.50 --> + 2
[10:10:38] <Tigerman______> exit 1/2 72.75 +1tk
[10:14:04] <werner1> again s below 5927
[10:14:46] <Tigerman______> exit all rem at 73.25 -1 tk
[10:15:47] <wrbtrader> We may see VIX in the 8 range prior to the end of the month
[10:16:23] <werner1> :(
[10:16:35] <wrbtrader> Only some worldly news can shake a VIX out of the 8 range
[10:16:43] <Tigerman______> lg ES 74.50
[10:16:51] <Tigerman______> 2474.50
[10:17:01] <wrbtrader> Covered all Emini ES Short @ 2474.50 --> - 1.25
[10:17:21] <Tigerman______> exit 2/3 @ 75.25 +3 tk
[10:17:22] <wrbtrader> Long Emini ES @ 2474.75 -> small size
[10:17:26] <werner1> Long Emini NQ @ 5935.00
[10:17:30] <wrbtrader> 5 contracts
[10:19:01] <werner1> Exited all Emini NQ Long @ 5936.00 --> + 1
[10:20:03] <werner1> Long Emini NQ @ 5936.00
[10:20:52] <werner1> pffff
[10:21:08] <werner1> Exited all Emini NQ Long @ 5935.00 --> - 1
[10:21:15] <wrbtrader> Holding on to this trade like walking on a rope between two buildings
[10:21:37] <werner1> lol
[10:22:02] <wrbtrader> Low VIX seems to be what the markets wants to make record highs
[10:22:02] <Tigerman______> exit all rem 1/3 @ 2476.25 +7 tks
[10:22:35] <werner1> nice
[10:22:41] <wrbtrader> Seems like those days are long gone where record highs preferred high volatility markets
[10:24:00] <Tigerman______> the point is : is it really a market ? :)
[10:24:59] <wrbtrader> You aren't the only person thinking the same thoughts
[10:25:57] <wrbtrader> I remember back in the 90s people were screaming "manipulation" with all that crazy volatility and record highs...
[10:26:22] <wrbtrader> Then the bubble bursted on the market
[10:26:37] <wrbtrader> The Wild Wild West many called it
[10:27:04] <wrbtrader> Then 2008, 2009 hit...crazy volatility and record lows
[10:27:23] <wrbtrader> People screaming manipulation and disaster
[10:27:45] <wrbtrader> Now we're seeing something we haven't seen for +20 years...
[10:28:12] <wrbtrader> Low volatility, very little news...boring markets making record highs
[10:28:46] <Tigerman______> just to add ....october 2017 is round the corner
[10:28:53] <wrbtrader> In 2005 - 2007 I warned...
[10:29:02] <wrbtrader> Be careful of what you wish for
[10:29:06] <Tigerman______> 30 years from that Big crash
[10:29:40] <wrbtrader> We now have the quiet / calm markets that many screamed to have...
[10:29:59] <Tigerman______> if we get a crash not blame this char room :)
[10:30:08] <wrbtrader> Crappy markets making record highs :(
[10:30:11] <Tigerman______> yeah calm before storm
[10:30:26] <wrbtrader> Yeah, that's it
[10:30:32] <wrbtrader> Calm Before the Storm
[10:30:43] <Tigerman______> the scary part is impact on real economy
[10:30:52] <Tigerman______> devastating
[10:31:21] <Tigerman______> weak countries get the worst
[10:31:39] <Tigerman______> some never recovered after 2007 crisis
[10:32:08] <wrbtrader> I say storm because has anyone been watching the strong price movements or volatility in Europes Fixed Income markets like the BUND or U.S. Treasury Futures ?
[10:32:32] <wrbtrader> Something is going on behind the scenes and those markets almost always reacts to it first
[10:33:22] <wrbtrader> Exited all Emini ES Long @ 2475.50 --> + 0.75
[10:36:39] <werner1> Shorts Emini NQ @ 5926.00
[10:37:58] <werner1> a bit low....:(
[10:43:43] <werner1> Covered all Emini NQ Short @ 5926.00 --> 0
[10:46:05] <werner1> Shorts Emini NQ @ 5926.00
[10:48:38] <werner1> Covered all Emini NQ Short @ 5924.00 --> + 2
[10:54:32] <wrbtrader> Tight trading range now since 1035am est for Emini ES futures
[10:54:50] <wrbtrader> allowing VIX to decline lower
[10:55:03] <wrbtrader> slow decline
[10:55:57] <werner1> Shorts Emini NQ @ 5923.25
[10:56:20] <Tigerman______> about global events
[10:56:37] <Tigerman______> brexit is not fully developed
[10:56:55] <Tigerman______> that can be a global event shking markets
[10:57:08] <Tigerman______> seems they not did a deal with EU
[10:57:28] <Tigerman______> Germany banks starting move money away from UK
[10:57:41] <werner1> Covered all Emini NQ Short @ 5921.00 --> + 2.25
[10:59:09] <Tigerman______> sh es 2475
[11:01:06] <Tigerman______> exit all 2475.25 -1t
[11:01:54] <werner1> again the td open here
[11:01:58] <werner1> nq
[11:02:39] <Tigerman______> lg es 75.50
[11:03:22] <Tigerman______> exit 1/2 @ 75.50 +0
[11:05:22] <Tigerman______> exit all rem 1/2 @ 2475.75 +1 tk
[11:09:29] <Tigerman______> lg es 2476.25
[11:10:53] <Tigerman______> exit 2/3 @ 76.50 +1 tk
[11:13:21] <wrbtrader> Emin ES futures climbing the range of a recent long upper shadow interval
[11:15:51] <werner1> Shorts Emini NQ @ 5927.75
[11:16:01] <Tigerman______> exit all rem 1/2 @ 2476.50 +1 tk
[11:16:40] <Tigerman______> wrbtrader ... did you ever wonder how many contracts need ES just to move 1 tick ?
[11:16:53] <werner1> Covered all Emini NQ Short @ 5925.75 --> + 2
[11:17:18] <Tigerman______> because steady over 400 pz in bid / ask
[11:17:26] <werner1> wrb pt1
[11:17:50] <Tigerman______> sometimes over 1000
[11:18:37] <Tigerman______> so if I bought 300 pz market stay still there
[11:18:49] <werner1> why trading es??
[11:19:33] <werner1> Long Emini NQ @ 5931.75
[11:19:33] <Tigerman______> hi werner do you ask me to me ?
[11:19:40] <wrbtrader> Long Emini ES @ 2477.00 -> small size
[11:19:50] <wrbtrader> 5 contracts
[11:20:18] <werner1> to you and mark
[11:22:07] <Tigerman______> lg ES 76.50
[11:22:45] <wrbtrader> liquidity issue for me although I can switch to EuroFX, CAC40, DAX, Eurex BUND, Emini TF futures any time I want
[11:23:07] <werner1> Exited all Emini NQ Long @ 5932.00 --> + 0.25
[11:23:15] <wrbtrader> These are markets I traded for many years "before" Emini ES futures
[11:24:42] <werner1> ok tx
[11:24:44] <wrbtrader> Also, the only time in my life when I've been audited...once in the US, once in France and once in Canada...
[11:25:01] <wrbtrader> I was heavily trading Eurex and Euronext futures
[11:25:01] <Tigerman______> exit 2/3 @ 76.75 +1 tk
[11:25:17] <wrbtrader> The audits left a bad taste in my mouth...
[11:25:40] <wrbtrader> I don't trade those markets although I watch them closely...too much of a tax headache
[11:25:43] <Tigerman______> exit all rem 1/3 @ 76.50 0
[11:26:45] <Tigerman______> wrbtrader are you taxed different while in canada and trading different contracts ??
[11:26:48] <wrbtrader> That Canada audit caused problems with my immigration paperwork
[11:27:11] <wrbtrader> Yes
[11:27:30] <wrbtrader> Not so much different contracts...
[11:27:39] <wrbtrader> The issue is different assets
[11:28:25] <wrbtrader> Than throw any other things like owning a home in another country...
[11:28:33] <wrbtrader> A tax nightmare for me
[11:29:45] <werner1> Shorts Emini NQ @ 5929.75
[11:30:43] <Tigerman______> werner.... my answer is similar to wrbtrader
[11:30:47] <werner1> Covered all Emini NQ Short @ 5927.50 --> + 2.25
[11:30:58] <Tigerman______> ES is scalable and its vola is mooth
[11:30:59] <werner1> wrb pt1
[11:31:26] <Tigerman______> you cant do nothing similar in others equity
[11:31:36] <wrbtrader> The issue for me is not why I trade Emini ES...the issue is why do I trade CME futures
[11:32:58] <Tigerman______> sh ES 2476
[11:35:34] <werner1> below 5926...thinking short here
[11:36:30] <werner1> above 32 long
[11:37:07] <werner1> Long Emini NQ @ 5932.00
[11:37:10] <Tigerman______> exit all @ 76.50 -2t
[11:38:23] <wrbtrader> The recent long lower shadow intervals in Emini NQ futures providing some support now
[11:38:55] <wrbtrader> They tested the R area of a recen Up WRB Hidden Gap interval
[11:39:12] <Tigerman______> lg Es 76.75
[11:43:40] <werner1> Exited all Emini NQ Long @ 5934.00 --> + 2
[11:43:49] <werner1> wrb pt1
[11:44:10] <Tigerman______> exit all @ 2477.50 +3 tks
[11:46:46] <Tigerman______> take care all see next time
[11:49:24] <winmax60> es is back up to where it started this morning...
[11:51:29] <wrbtrader> Emini ES futures now testing the R area of a big Down WRB Hidden Gap interval
[11:51:49] <wrbtrader> Exited all Emini ES Long @ 2478.25 --> + 1.25
[11:52:17] <wrbtrader> Not a typical WRB pt1 for me...
[11:52:32] <wrbtrader> I used that R area as my profit target
[12:30:03] <werner1> done here ...cya...all
[15:02:15] <wrbtrader> Slow price action and the VIX manage to get higher from earlier today...strange
[15:03:23] <winmax60> yes...very slow.... waiting for vol expansion.. :-)
[15:04:07] <winmax60> still looks pretty bullish...overall....
[15:18:40] <wrbtrader> Light Crude Oil CL futures ripped to the upside today
[15:19:22] <wrbtrader> Donnin trades Light Crude futures...he logged in today and didn't say a single word today about that unusually strong up movement
[15:19:27] <wrbtrader> :(
[15:20:02] <wrbtrader> I hope he wasn't trying to Short that up movement
[15:22:35] <winmax60> :-(
[15:47:49] <wrbtrader> We're now in the window for the 4pm est rush hour traffic to start in about 13 mins
[15:48:08] <wrbtrader> Volatility still not picking up
[15:48:32] <wrbtrader> There's a lot of long shadow intervals today
[15:48:52] <wrbtrader> Especially on small intervals...strange
[16:28:38] <wrbtrader> Boring low volatility 4pm est market action
[16:29:04] <wrbtrader> Take care all and see all tomorrow...hopefully their be more trade opportunities than today
[16:48:02] * Disconnected
Session Close: Tue Jul 25 16:48:02 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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