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 Post subject: October 12th Thursday - Futures, Forex, Stocks and ETF
 Post Posted: Sat Oct 14, 2017 6:19 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)
Stocktwits @ http://stocktwits.com/wrbtrader (24/7)

##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. This is not a live 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 as a trade journal for members to document their own trades. 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:
101217-Key-Price-Action-Markets.png
101217-Key-Price-Action-Markets.png [ 1.1 MiB | Viewed 326 times ]

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

##TheStrategyLab Archive Chat Logs

Session Start: Thu Oct 12 00:00:00 2017
Session Ident: ##TheStrategyLab
[09:07:19] <Trendtrader> no trades for me today (early morning meetings).
[09:07:33] <Trendtrader> Have a good day!
[09:25:10] <wrbtrader> Ok...take care
[09:26:03] <wrbtrader> I was not going to trade today but decided to trade and use tomorrow (Friday) as a day off from trading so that I can have a 3 day weekend.
[09:41:34] <werner1> gm all
[09:42:26] <werner1> mist the short :(
[09:44:17] <wrbtrader> Shorts Emini ES @ 2548.00 -> large size
[09:44:31] <wrbtrader> 10 contracts
[09:47:44] <wrbtrader> Covered all Emini ES Short @ 2547.50 --> + 0.5
[09:48:31] <wrbtrader> Long Lower Shadow intervals showed up after testing the 2547.00 price area
[09:48:48] <wrbtrader> Now @ 2548.25
[09:49:14] <wrbtrader> Eurex futures did not produce long lower shadow intervals
[09:49:49] <wrbtrader> Long Emini ES @ 2548.25 -> large size
[09:50:04] <wrbtrader> 10 contracts
[09:50:14] <wrbtrader> snapped back down after entry :(
[09:51:40] <wrbtrader> Emini NQ futures pushing higher...trying to get above its most recent reaction high.
[09:51:54] <werner1> yep
[09:52:03] <wrbtrader> In contrast, Emini ES futures sluggish...not doing much right now except keeping me at a loss
[09:53:42] <wrbtrader> I'm still holding this losing trade because Emini NQ futures is still trying hard to get above its most recent reaction high
[09:54:00] <werner1> here also waiting :)
[09:54:23] <werner1> side line
[09:54:56] <wrbtrader> Eurex FDAX futures moved higher...now above its most recent reaction high
[09:55:06] <wrbtrader> Emini NQ futures now above its too
[09:55:17] <wrbtrader> Emini ES futures still sluggish :(
[09:55:27] <werner1> pff
[09:56:12] <wrbtrader> Exited all Emini ES Long @ 2548.50 --> + 0.25
[09:56:17] <wrbtrader> :(
[09:58:35] <wrbtrader> I lost my patience...didn't seem like it was going to make the effort to get above 2548.75 or even attack the most recent reaction high
[10:01:44] <werner1> https://finviz.com/futures.ashx
[10:04:32] <wrbtrader> I tried that website once a few years back...did screen sharing at the time with some members in here using it.
[10:05:14] <wrbtrader> Their real-time futures data wasn't even close...about 5 minutes delay.
[10:05:28] <werner1> wow
[10:05:33] <wrbtrader> I use to complain to them directly...they NEVER responded
[10:05:47] <wrbtrader> Now I see today...they don't promote it as "real time"
[10:06:11] <werner1> i use it at a overlook
[10:06:37] <werner1> at all markets
[10:07:02] <wrbtrader> werner...do you subscribe to them ?
[10:07:20] <werner1> yes
[10:08:03] <werner1> its a very old account
[10:08:12] <wrbtrader> Is it real time to you ?
[10:08:40] <werner1> no i dont think so
[10:09:13] <wrbtrader> Quick review...free and registered is NOT real time
[10:09:28] <wrbtrader> The website says 3 - 5 min delay
[10:09:40] <wrbtrader> In contrast...the Elite service is suppose to be real time
[10:10:05] <wrbtrader> That's the service I had try for 1 month...the Elite service.
[10:10:18] <wrbtrader> It was always about 5 min delay for me
[10:10:41] <werner1> i have not subscribe for interaction so i dont know :(
[10:11:46] <wrbtrader> I never even tried the Free or Registered account...I went straight to the Elite service
[10:12:49] <wrbtrader> Yet when I close the account on day 25 and asked for a refund...they immediately closed it and then they started to respond to my emails :)
[10:13:28] <wrbtrader> Looked initially like a good service and I see they don't have the "app" service any more
[10:14:40] <wrbtrader> That's why I tried them...I was looking for intraday map service that was mobile
[10:14:43] <werner1> ok ...i think the overall outlook
[10:14:54] <werner1> i like
[10:17:43] <wrbtrader> Long Emini ES @ 2550.50 -> large size
[10:18:04] <wrbtrader> 10 contracts
[10:19:00] <wrbtrader> Psss me off how sluggish Emini ES futrues was and now it decides to move to try to catch up with other key markets
[10:19:53] <wrbtrader> Eurex DAX futures and FTSE 100 futures pulling back a little
[10:20:08] <wrbtrader> Emini NQ futures trying to push higher
[10:21:28] <werner1> Long Emini NQ @ 6085.00
[10:23:32] <werner1> Exited all Emini NQ Long @ 6086.00 --> + 1
[10:24:03] <wrbtrader> Exited all Emini ES Long @ 2551.00 --> + 0.5
[10:24:24] <wrbtrader> weakness in Eurex DAX...increasing volatility
[10:24:37] <wrbtrader> Emini futures will not be able to ignore that
[10:31:52] <werner1> Long Emini NQ @ 6068.25
[10:32:58] <werner1> Long Emini NQ @ 6086.25
[10:37:56] <werner1> Exited all Emini NQ Long @ 6087.00 --> + 0.75
[10:38:05] <werner1> wrb pt1
[11:09:25] <werner1> Long Emini NQ @ 6084.50
[11:10:57] <werner1> Exited all Emini NQ Long @ 6086.00 --> + 1.5
[11:11:17] <werner1> wrb pt1
[11:14:21] <wrbtrader> Long Emini ES @ 2551.75 -> large size
[11:14:39] <wrbtrader> 10 contracts
[11:15:03] <wrbtrader> Usually I'm not at this type of position size management this time of the trading day
[11:15:43] <wrbtrader> especially with the markets having problems with being insync
[11:16:46] <wrbtrader> Exited 1/2 Emini ES Long @ 2552.00 --> + 0.25
[11:17:22] <wrbtrader> Exited Remainder Emini ES Long @ 2551.75 --> 0
[11:17:39] <wrbtrader> scales out of the remainders
[11:48:09] <werner1> bbl
[12:03:19] <wrbtrader> This is very tough price action...normally correlated markets really just doing their own thing.
[12:03:50] <wrbtrader> A read that correlations "within" the Emini futures are near an all time low. :(
[12:04:31] <wrbtrader> Wish I can find out where they're getting the data from so that I can determine on my own the impact its having on WRB Analysis
[12:20:32] <werner1> i hope so al :)
[12:20:39] <werner1> all
[14:09:59] <werner1> Shorts Emini NQ @ 6087.50
[14:10:47] <werner1> Covered all Emini NQ Short @ 6085.50 --> + 2
[14:35:58] <wrbtrader> Emini ES futures has been like watching paint dry this afternoon so far
[14:36:34] <wrbtrader> If I was a scalper...this type of price action would be ok
[14:37:17] <werner1> lol
[14:49:04] <wrbtrader> Shorts Emini ES @ 2550.50 -> small size
[14:49:11] <wrbtrader> 3 contracts
[14:49:31] <wrbtrader> Emini ES futures just fell below the most recent reaction low
[14:50:13] <wrbtrader> By the way, I get a lot of emails by people that don't understand my comments about "reaction highs/lows"
[14:50:35] <wrbtrader> I tell them to read the WRB Analysis free study guide in chapter 2
[14:50:53] <wrbtrader> They will learn about it and see how its defined
[14:51:21] <wrbtrader> It really has a few simple rules in its definition...not complicated
[14:51:48] <wrbtrader> Some then reply back to me...."Oh yeah, I didn't see it being defined so simply"
[14:51:50] <wrbtrader> :)
[14:53:27] <wrbtrader> Price action stall in the Emini futures now...exchange traded funds too after the breakout below the most recent reaction lows
[14:53:47] <wrbtrader> Emini NQ futures now pushing further below
[14:54:13] <wrbtrader> Long Upper Shadow interval appearing in the current interval for Emini ES futures
[14:57:18] <werner1> i mist it :(
[14:57:57] <werner1> to fast selling
[14:59:35] <wrbtrader> Covered all Emini ES Short @ 2549.75 --> + 0.75
[15:01:37] <wrbtrader> Emini ES futures fought its way back upwards to the prior most recent reaction low I was talking about
[15:01:52] <wrbtrader> @ 2550.50
[15:07:09] <werner1> done here ...see my serie on tv here..gn all
[15:07:20] <wrbtrader> Take care...bye
[15:07:36] <werner1> dito
[15:51:54] <wrbtrader> Emini ES futures just dropped below another former reaction low
[15:52:05] <wrbtrader> same for Emini NQ futures
[15:55:32] <wrbtrader> Shorts Emini ES @ 2547.50 -> small size
[15:55:52] <wrbtrader> 2 contracts
[15:56:37] <wrbtrader> Short entry is a few ticks below the reaction low
[15:56:55] <wrbtrader> its fighting hard to get back above that reaction low
[15:57:54] <wrbtrader> long lower shadow intervals :(
[15:58:03] <wrbtrader> Covered all Emini ES Short @ 2548.00 --> - 0.5
[15:58:23] <wrbtrader> I hate when they show up after a Short entry
[15:59:38] <wrbtrader> Long Emini ES @ 2548.75 -> small size
[15:59:59] <wrbtrader> 2 contracts
[16:00:51] <wrbtrader> Emini ES futures struggling with the 4pm est regular session close near a prior reaction low
[16:01:18] <wrbtrader> That's now acting like a resistance
[16:08:49] <wrbtrader> Exited all Emini ES Long @ 2548.75 --> 0
[16:11:03] <wrbtrader> Take care and see all tomorrow but I won't be trading (personal day off)...one of my kids doesn't have school and will do some activities with him (e.g. Toys R Us, Movie Theatre and then watch his hockey practice)
Session Close: Fri Oct 13 00:00:01 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 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)
a.k.a. wrbtrader (more info about me): http://www.thestrategylab.com/wrbtrader.htm
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)
Twitter @ http://twitter.com/wrbtrader (24/7)
Stocktwits @ http://stocktwits.com/wrbtrader (24/7)


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