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 Post subject: August 10th Thursday - Futures, Forex, Stocks and ETF
 Post Posted: Thu Aug 10, 2017 11:02 am 
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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
wrbtrader (more info about me): http://www.thestrategylab.com/wrbtrader.htm
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:
081017-Key-Price-Action-Markets.png
081017-Key-Price-Action-Markets.png [ 1.02 MiB | Viewed 233 times ]

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

##TheStrategyLab Archive Chat Logs

Session Start: Thu Aug 10 09:30:54 2017
Session Ident: ##TheStrategyLab
[09:30:54] * Now talking in ##TheStrategyLab
[09:30:54] * 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'
[09:30:54] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:30:55] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:40:54] <wrbtrader> Shorts Emini ES @ 2459.50 -> large size
[09:41:00] <wrbtrader> 10 contracts
[09:41:08] <wrbtrader> volatility surging but choppy
[09:42:56] <wrbtrader> Covered all Emini ES Short @ 2457.00 --> + 2.5
[09:43:42] <wrbtrader> broker platform slowed down considerably during that volatility surge :(
[09:43:53] <wrbtrader> WRB pt1 reached and filled
[09:44:16] <wrbtrader> Took longer than usual to get confirmation from platform
[09:47:17] <wrbtrader> Shorts Emini ES @ 2457.25 -> large size
[09:47:23] <wrbtrader> :(
[09:47:32] <wrbtrader> 10 contracts
[09:49:18] <wrbtrader> Covered all Emini ES Short @ 2456.50 --> + 0.75
[09:49:30] <wrbtrader> trade error...lucky exit
[09:51:44] <wrbtrader> Yesterday I made some bad position size management errors...
[09:52:31] <wrbtrader> I don't want to make the same mistakes again today when I start lowering my position size
[09:53:31] <wrbtrader> Long Lower Shadow intervals now formed in Emini ES futures, Emini NQ futures and Eurex FDAX futures
[09:54:05] <wrbtrader> All three of them not retracing the most recent Down WRB Hidden GAP interval
[09:54:59] <wrbtrader> But none of them have reached the R area...Emini ES futures is the one that's closer to its R area
[09:56:51] <wrbtrader> Shorts Emini ES @ 2458.00 -> large size
[09:57:02] <wrbtrader> 10 contracts
[09:58:23] <wrbtrader> now there's a battle
[09:59:05] <wrbtrader> Emini ES futures has now retraced back down into the range of a prior Long Lower Shadow interval
[09:59:52] <wrbtrader> Covered all Emini ES Short @ 2456.75 --> + 1.25
[10:02:30] <wrbtrader> Not a WRB pt1...it had dropped below the low of a prior Long Lower Shadow interval I was watching on the higher time frame charts.
[10:04:14] <wrbtrader> In fact, its still dropping...nearest support are now 2444.75 via the Low of another Long Lower Shadow interval
[10:04:56] <wrbtrader> Shorts Emini ES @ 2453.25 -> small size
[10:05:03] <wrbtrader> 5 contracts
[10:05:33] <wrbtrader> Blame this price drop on the War of words between President Trump and North Korea
[10:07:04] <wrbtrader> Covered all Emini ES Short @ 2451.25 --> + 2
[10:08:23] <wrbtrader> Dow Falls 100 points as North Korea Tensions Linger (CNBC) @ https://www.cnbc.com/2017/08/10/us-stoc ... nings.html
[10:09:55] * Retrieving ##TheStrategyLab modes...
[10:12:32] <wrbtrader> Long Lower Shadow intervals formed again
[10:14:22] <wrbtrader> Price Action Trading - Emini NQ futures trying hard to travel down the range of its most recent long lower shadow interval while Eurex FDAX futures looks like its struggling in trying to do the same
[10:14:38] <wrbtrader> Shorts Emini ES @ 2451.50 -> small size
[10:14:45] <wrbtrader> 5 contracts
[10:16:42] <wrbtrader> Covered all Emini ES Short @ 2451.00 --> + 0.5
[10:17:12] <wrbtrader> Eurex FDAX is now contracting...its volatility has slowed down a lot
[10:17:50] <wrbtrader> reason why I early exit out of the Emini ES short position
[10:18:09] <wrbtrader> Will just watch for awhile
[10:21:50] <wrbtrader> I hope Trump understands that the leader of North Korea is crazy...that guy has executed or murder his own relatives and close family friends
[10:22:42] <wrbtrader> Simply, he's not someone you make threats too because he's crazy enough to start a WAR even if his generals tell him not too
[10:23:20] <wrbtrader> Hopefully Trump is getting good advice about publicly challenging a crazy man like North Korea's leader
[10:24:38] <wrbtrader> Eurex FDAX futures weakening again while slowly moving down the range of a prior Long Lower Shadow interval
[10:24:50] <wrbtrader> Shorts Emini ES @ 2453.00 -> small size
[10:24:55] <wrbtrader> 5 contracts
[10:27:32] <wrbtrader> Covered all Emini ES Short @ 2451.00 --> + 2
[10:27:52] <wrbtrader> not a WRB pt1
[10:28:09] <wrbtrader> I'm using the long lower shadow intervals as profit targets
[10:29:11] <wrbtrader> I covered my Emini ES short position when Eurex FDAX futures hit the low of its own Long Lower Shadow interval
[11:08:50] <wrbtrader> Emini NQ futures showed the contraction volatility today better than Emini ES futures and Eurex FDAX futures
[11:09:26] <wrbtrader> Emini NQ now trying to climb UP the range of prior Long Upper Shadow intervals that are part of some contraction
[11:11:49] <wrbtrader> Eurex FDAX futures trying to put in support via its prior interval now a Up WRB Hidden GAP interval
[11:12:39] <wrbtrader> Long Emini ES @ 2453.50 -> small size
[11:12:47] <wrbtrader> 2 contracts
[11:12:52] <wrbtrader> high risk trade
[11:14:55] <wrbtrader> Exited all Emini ES Long @ 2453.25 --> - 0.25
[11:15:12] <wrbtrader> Eurex FDAX now weaking again
[11:15:45] <wrbtrader> Shorts Emini ES @ 2452.50 -> small size
[11:15:52] <wrbtrader> 3 contracts
[11:16:50] <wrbtrader> Emini ES futures and Eurex FDAX futures have now dropped back inside the range of prior recent Long Lower Shadow intervals
[11:16:59] <wrbtrader> Emini NQ futures has not
[11:18:40] <wrbtrader> Covered all Emini ES Short @ 2451.50 --> + 1
[11:21:32] <wrbtrader> Shorts Emini ES @ 2451.25 -> small size
[11:21:46] <wrbtrader> 3 contracts
[11:23:23] <wrbtrader> Covered all Emini ES Short @ 5450.25 --> - 2999
[11:23:36] <wrbtrader> correction...
[11:23:56] <wrbtrader> Covered all Emini ES Short @ 2450.25 --> + 1
[11:24:29] <wrbtrader> not a WRB pt1 but I exited the trade because I thought in "error" that it was a WRB pt1
[11:24:57] <wrbtrader> In other words...I should still be in the trade :(
[11:25:16] <wrbtrader> Now its increasing volatility and dropping further
[11:25:44] <wrbtrader> VIX > 14
[11:26:06] <wrbtrader> I mainly use the VIX to help with my position size management
[11:26:34] <wrbtrader> WRB Analysis tips for the readers that read these chat logs
[11:29:39] <wrbtrader> Reminder - We only get 3 - 5 trading days per month like what we've seen today and yesterday in an overall low volatility environment
[11:30:34] <wrbtrader> Reason why when they do show up...we got to be aggressive in our trading because the volatility can disappear just as fast
[11:31:31] <wrbtrader> Thus, soon the market will stop reacting to Trumps & North Korea War of Words
[11:31:55] <wrbtrader> Hopefully it does not escalate beyond that
[12:35:13] <wrbtrader> Shorts Emini ES @ 2444.25 -> small size
[12:35:23] <wrbtrader> 5 contracts
[12:38:13] <wrbtrader> Volume and Volatility has declined a lot into the lunch time trading session
[12:38:30] <wrbtrader> Current trade not looking too hot
[12:38:50] <wrbtrader> Hoping it can just drift down until volatility shows up again
[12:39:50] <wrbtrader> I lost all of my Eurex futures data due to some type of glitch or charting service problem :(
[12:40:18] <wrbtrader> It happen a few seconds after my Short entry...
[12:40:23] <wrbtrader> talk about timing :(
[12:40:59] <wrbtrader> Covered all Emini ES Short @ 2444.75 --> - 0.5
[12:46:33] <wrbtrader> Can't use their Indices because its delay info by 15mins...I'm not subscribed to the realtime package :)
[12:47:00] <wrbtrader> I hate data problems...
[12:47:22] <wrbtrader> If I can't see the charts...difficult time to trade via broker quotes only
[12:51:49] <wrbtrader> Shorts Emini ES @ 2445.50 -> small size
[12:51:56] <wrbtrader> re-entry
[12:52:01] <wrbtrader> 5 contracts
[12:53:16] <wrbtrader> :(
[12:54:06] <wrbtrader> Covered all Emini ES Short @ 2446.75 --> - 1.25
[12:54:32] <wrbtrader> Emini ES futures fought hard to go back upwards while the other Eminis did not
[12:54:46] <wrbtrader> Now Emini NQ trying to retrace too
[12:55:05] <wrbtrader> Long lower shadow interval in Emini NQ future
[12:57:13] <wrbtrader> Long Emini ES @ 2447.00 -> small size
[12:57:27] <wrbtrader> 5 contracts
[12:57:34] <wrbtrader> high risk trade
[12:58:11] <wrbtrader> I think I did a similar Long position as this one...it resulted as a loss
[12:58:57] <wrbtrader> Yeah...just checked my trade log. It was a -0.25 loss
[13:00:12] <wrbtrader> Emini RTY (TF) futures and Emini NQ futures trying hard to retrace higher
[13:00:26] <wrbtrader> Emini ES futures struggling to do the same
[13:00:46] <wrbtrader> now its moving
[13:01:01] <wrbtrader> Exited all Emini ES Long @ 2448.50 --> + 1.5
[13:01:11] <wrbtrader> WRB pt1 reached
[13:03:45] <werner> hi wrb ..all.....at the desk now but mist the long:(
[13:04:18] <wrbtrader> Cryptocoinsnews.com copy this information to their website from another website @ https://www.cryptocoinsnews.com/altcoin ... -patterns/
[13:04:42] <wrbtrader> The author of the copied article is Mark M. Bravura
[13:05:18] <wrbtrader> He should have at least gave his source (the other website) some credit :)
[14:41:06] <wrbtrader> Shorts Emini ES @ 2448.75 -> small size
[14:41:19] <wrbtrader> 3 contracts
[14:46:55] <wrbtrader> tough trade :(
[14:47:26] <wrbtrader> Covered all Emini ES Short @ 2448.75 --> 0
[14:48:13] <wrbtrader> R area of a Up WRB Hidden GAP interval @ 2448.00
[14:48:47] <wrbtrader> Thats the same price it tested and is trying to bounce off of...reason why I early exited the trade because of the bounce
[14:51:16] <wrbtrader> Shorts Emini ES @ 2449.75 -> small size
[14:51:21] <wrbtrader> re-entry
[14:51:51] <wrbtrader> Same trade signal...just a better entry price than the prior trade
[14:54:36] <wrbtrader> Emini RTY futures trying to roll back over and go North
[14:59:05] <wrbtrader> Covered all Emini ES Short @ 2448.00 --> + 1.75
[15:07:06] <wrbtrader> Shorts Emini ES @ 2446.75 -> small size
[15:07:25] <wrbtrader> Emini NQ futures showing weakness again
[15:08:41] <wrbtrader> Its dropped below the low of its most recent contracting volatility intervals although the current interval is sill active as in the drop below the low hasn't been confirmed via a Close below the low of that contraction. - TheStrategyLab Review
[15:09:31] <wrbtrader> Long Lower Shadow interval :(
[15:09:48] <wrbtrader> Will be lucky to escape this trade with a profit
[15:11:01] <wrbtrader> Covered all Emini ES Short @ 2445.75 --> + 1
[15:11:04] <wrbtrader> Houdini Escape :)
[15:12:42] <wrbtrader> That was a 2 contract trade...not a 3 contract trade
[15:13:55] <wrbtrader> Shorts Emini ES @ 2444.25 -> small size
[15:14:02] <wrbtrader> 3 contracts
[15:14:17] <wrbtrader> not a trade signal
[15:14:21] <wrbtrader> intuition trade
[15:15:46] <wrbtrader> Covered all Emini ES Short @ 2442.00 --> + 2.25
[15:20:48] <wrbtrader> Shorts Emini ES @ 2441.50 -> small size
[15:20:51] <wrbtrader> 1 contract
[15:21:34] <wrbtrader> I thought there would be a sell off in the last hour of the trading session :)
[15:21:52] <wrbtrader> I thought the same yesterday and we instead got a nice bounce back upwards
[15:22:20] <wrbtrader> Covered Emini ES Short @ 2441.00 --> + 0.5
[15:24:54] <wrbtrader> Long Lower Shadows in the Emini futures
[15:26:15] <wrbtrader> Shorts Emini ES @ 2441.25 -> small size
[15:26:27] <wrbtrader> 2 contracts
[15:26:47] <wrbtrader> Price action trying to travel down the range of those Long Lower Shadow intervals
[15:27:58] <wrbtrader> Covered all Emini ES Short @ 2440.50 --> + 0.75
[15:32:13] <wrbtrader> Shorts Emini ES @ 2440.75 -> small size
[15:32:20] <wrbtrader> 3 contracts
[15:32:36] <wrbtrader> Its not making an effort to find some support
[15:34:30] <wrbtrader> Covered all Emini ES Short @ 2439.75 --> + 1
[15:34:39] <wrbtrader> WRB pt1 reached
[15:38:54] <wrbtrader> Its still declining...now below the S area @ 2440.00 that I mentioned earlier in the trading day that I was watching
[15:42:34] <wrbtrader> First attempt to bounce to try to get some legs to stand up on since 3pm est
[15:42:56] <wrbtrader> Take care all and see all tomorrow
Session Closed

-------------------------

##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 CME Emini RTY Futures (formerly ICE TF)

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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