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 Post subject: September 13th Wednesday - Futures, Forex, Stocks and ETF
 Post Posted: Sat Sep 16, 2017 1:47 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
M.A. Perry a.k.a. 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)
Twitter @ 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 trade journal services such as tradebench.com, edgewonk.com, tradervue.com, tradingdiarypro.com, stocktickr.com, journalsqrd.com, tradingdiary.pro, mxprofit.com or trademetria.com for quantitative statistical analysis of their trading 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 trade 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:
091317-Key-Price-Action-Markets.png
091317-Key-Price-Action-Markets.png [ 1.05 MiB | Viewed 193 times ]

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

##TheStrategyLab Archive Chat Logs

Session Start: Wed Sep 13 09:29:57 2017
Session Ident: ##TheStrategyLab
[09:29:57] * Now talking in ##TheStrategyLab
[09:29:57] * 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'
[09:29:57] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:29:57] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:31] <wrbtrader> Good Morning
[09:31:53] <werner> gm all
[09:32:03] <wrbtrader> Hi Werner
[09:32:28] <werner> :)
[09:36:53] <wrbtrader> Long Emini ES @ 2492.00 -> large size
[09:37:00] <wrbtrader> 10 contracts
[09:37:36] <wrbtrader> Emini ES futures trying to climb the range of the prior Long Upper Shadow interval
[09:37:58] <wrbtrader> The negative is that its already at a WRB pt1 on my entry :(
[09:38:18] <wrbtrader> I need to be careful about trades in that specific type of situation
[09:39:32] <wrbtrader> Price action in the KME area of the Apple News
[09:42:56] <wrbtrader> Exited all Emini ES Long @ 2491.50 --> - 0.5
[09:46:00] <wrbtrader> Shorts Emini ES @ 2491.50 -> large size
[09:46:12] <wrbtrader> 10 contracts
[09:46:29] <wrbtrader> Eurex DAX futures now struggling too
[09:46:48] <werner> Shorts Emini NQ @ 5980.00
[09:46:53] <wrbtrader> Emini NQ futures looking to be the weaker of the group
[09:47:19] <wrbtrader> Its now pushing below its most recent reaction low
[09:48:05] <wrbtrader> In contrast, Emini ES futures most recent reaction low @ 2489.25
[09:48:26] <wrbtrader> Simply, Emini ES futures has some catching up to do
[09:48:42] <werner> Covered all Emini NQ Short @ 5977.50 --> + 2.5
[09:49:11] <werner> cant hod it :(
[09:49:22] <wrbtrader> This is the frustrating part about 2017...when the futures are "not" insync
[09:49:40] <werner> indd
[09:50:09] <wrbtrader> One moves hard in one direction and the others just sit there doing nothing :(
[09:50:43] <wrbtrader> That's the best example I can make about the price action of 2017
[09:51:23] <wrbtrader> Markets still not insync
[09:51:25] <werner> your right
[09:55:03] <wrbtrader> Covered all Emini ES Short @ 2491.75 --> - 0.25
[09:55:45] <wrbtrader> just a little shocked right now how Emini ES was able to get nowhere like that while Emini NQ futures push down
[09:56:00] <wrbtrader> Now Emini NQ fighting back upwards
[09:56:11] <wrbtrader> trying to get insync
[09:57:01] <wrbtrader> Long Emini ES @ 2492.25 -> large size
[09:57:39] <wrbtrader> Emini ES futures re-climbing that same prior Long Uppper Shadow interval that gave me a loss in the prior Long position
[09:58:13] <wrbtrader> Emini futures and Eurex futures trying hard to get insync
[09:58:24] <wrbtrader> ES and NQ doing better now together
[09:58:27] <werner> ....brb..i must take thew horses outside
[09:58:47] <wrbtrader> Horses in the house ?
[09:58:55] <wrbtrader> You live in a Barn :)
[10:00:52] <wrbtrader> Exited all Emini ES Long @ 2492.50 --> + 0.25
[10:04:52] <wrbtrader> Long Emini ES @ 2492.75 -> large size
[10:05:03] <wrbtrader> tough right now
[10:05:08] <wrbtrader> 10 contracts
[10:05:36] <wrbtrader> fighting hard to get going upwards again after finding some support @ 2492.00
[10:07:04] <wrbtrader> 1030am and 2pm est KMEs
[10:13:32] <wrbtrader> tough grind of a trade
[10:14:32] <wrbtrader> for Eurex FDAX futures, Emini futures because they're trying extremely hard to get on the same page (insync)
[10:15:00] <wrbtrader> Exited all Emini ES Long @ 2493.75 --> + 1
[10:20:48] <werner> [15:59] <wrbtrader> Horses in the house ?
[10:20:48] <werner> [15:59] <wrbtrader> You live in a Barn :)
[10:20:57] <werner> lol
[10:21:19] <werner> from the stable in the grass land :)
[10:23:23] <werner> Long Emini NQ @ 5992.50
[10:27:03] <werner> Exited all Emini NQ Long @ 5990.00 --> - 2.5
[10:30:59] <wrbtrader> Long Emini ES @ 2493.75 -> large size
[10:31:17] <wrbtrader> 10 contracts
[10:31:31] <wrbtrader> volatility has slowed...need to be careful here
[10:31:40] <werner> Long Emini NQ @ 5990.50
[10:31:45] <werner> brr
[10:32:22] <wrbtrader> Eurex contracting a little more
[10:33:01] <wrbtrader> So far today, Eminis have not contracted when Eurex begin to do such
[10:34:17] <werner> no fill92.50
[10:34:32] <wrbtrader> If price action can stabilize here and then Eurex FDAX stalls a little...we should see Emini ES futures pop above 2494.00
[10:35:11] <werner> Exited all Emini NQ Long @ 5992.00 --> + 1.5
[10:36:03] <wrbtrader> Overall, impressive up movement since Sept 8th when it broke upside out of a difficult contraction in the volatility of one day
[10:36:48] <wrbtrader> EIA Oil reports hitting the markets now
[10:38:01] <werner> indd that 8th with a gap ..
[10:42:52] <werner> long bias here ?
[10:44:55] <werner> mmm
[10:45:06] <werner> 5988.25
[10:45:21] <werner> Shorts Emini NQ @ 5988.25
[10:45:25] <wrbtrader> Price retraced back to the range of the most recent Long Upper Shadow intervals that it had difficulty in moving above it
[10:47:50] <wrbtrader> Exited all Emini ES Long @ 2492.25 --> - 1.5
[10:49:55] <werner> Covered all Emini NQ Short @ 5986.50 --> + 1.75
[10:50:14] <werner> pff
[10:53:40] <wrbtrader> Long Emini ES @ 2492.50 -> large size
[10:54:34] <wrbtrader> once again the Eminis bouncing off the price area of the KME involving the Apple news although I don't know what the news was specifically about
[10:55:36] <wrbtrader> Ahhh...questions about supply contraints ahead of the holiday season for the new iPone X
[11:05:15] <wrbtrader> I'm just being tossed around here as if I was a punk to the market :(
[11:05:40] <wrbtrader> back in forth between key price areas of KMEs
[11:06:11] <wrbtrader> This is how the birth of WRB Analysis started back in the 80's
[11:06:40] <wrbtrader> WRB Hidden GAP intervals and WRB Zones via KMEs
[11:07:11] <werner> :)
[11:09:13] <wrbtrader> Moral of the story...never underestimate the power of the iPhone.
[11:09:16] <wrbtrader> :)
[11:09:46] <wrbtrader> Exited all Emini ES Long @ 2493.75 --> + 1.25
[11:13:29] <wrbtrader> https://www.cnbc.com/2017/09/13/apple-i ... -says.html (CNBC) @ https://www.cnbc.com/2017/09/13/apple-i ... -says.html
[11:15:43] <wrbtrader> I think I"m going to stick with my iPhone 7 for a few more years before moving up to a iPhone X
[11:17:00] <wrbtrader> I'll give my iPhone 7 to my sone just like I did with my old iPhone 4s
[11:17:42] <werner> ..must go at my wifes store ...bbl
[11:18:03] <wrbtrader> Funny thing is this...I didn't really use it that much until my hospitalization and rehab. I'm now a big fan of iPhone
[11:20:48] <wrbtrader> In the hospital (during the coma)...hospital mysteriously lost my belongings including my wallet with about $100 cash in it and a family heirloom (watch from my father)
[11:21:24] <wrbtrader> I got my watch back (took a few months) but only after threats of litigation by my lawyer
[11:22:03] <wrbtrader> Now I'm thinking about getting a iWatch from Apple instead of wearing my dad's watch that's worth a lot of money
[11:22:35] <wrbtrader> tech world taking over
[11:23:32] <wrbtrader> I was in the grocery store last week...
[11:23:46] <wrbtrader> They had blood pressure machine in the store.
[11:23:51] <wrbtrader> Three of them
[11:24:42] <wrbtrader> You get a reading on your blood pressure and then it gives you "recommendations" of food products you should purchase in the store
[11:24:48] <wrbtrader> Its crazy
[11:25:20] <wrbtrader> I can see lawsuits in the future from this
[11:25:51] <wrbtrader> What if I eat the recommended sirloin steak on sale and I have a heart attack ?
[11:26:03] <wrbtrader> Is it my fault or the store's fault ?
[11:26:38] <wrbtrader> Just talking out loud as with the theme of this chat room...
[11:26:51] <wrbtrader> Document my thoughts during the trading day
[11:26:57] <wrbtrader> including trades
[11:30:16] <wrbtrader> Eurex FDAX futures did a volatility spike upwards...
[11:30:31] <wrbtrader> WRB Hidden Gap interval
[11:30:41] <wrbtrader> I think the biggest one of the trading day
[11:31:02] <wrbtrader> In contrast, Emini futures weakening...trying to retrace back down
[11:43:17] <wrbtrader> Eurex FDAX snapped back big...I'm not sure if it was because the Emini futures weren't following it upwards
[12:54:38] <werner> back
[12:54:45] <wrbtrader> :)
[13:10:29] <werner> 6000 nq spygo level imo
[13:12:10] <werner> spycho
[13:14:36] <werner> Shorts Emini NQ @ 5992.00
[13:18:24] <werner> Covered all Emini NQ Short @ 5994.00 --> - 2
[13:19:17] <werner> Long Emini NQ @ 5995.00
[13:21:36] <werner> Exited all Emini NQ Long @ 5996.50 --> + 1.5
[13:55:53] <werner> bbl
[15:53:41] <wrbtrader> Long Emini ES @ 2495.00 -> large size
[15:53:55] <wrbtrader> 10 contracts
[15:55:06] <wrbtrader> :(
[15:55:10] <wrbtrader> Exited all Emini ES Long @ 2495.00 --> 0
[15:56:06] <wrbtrader> Yeah...I trail that too tight when it moved up only a tick and then was knocking on the door for 2495.50
[15:56:32] <wrbtrader> I didn't think it would pull back and it would then get 2495.50
[15:56:38] <wrbtrader> Didn't happen :(
[16:03:06] <wrbtrader> Missed a few hours today of trading between 1:00pm - 3:45pm because I had an appointment I forgot about...glad they called to tell me about it.
[16:04:29] <wrbtrader> Take care all and see all tomorrow
[16:17:16] <werner> gn all
Session Close: Thu Sep 14 00:00:01 2017


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