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 Post subject: October 17th Tuesday - Futures, Forex, Stocks and ETF
 Post Posted: Wed Oct 18, 2017 6:44 am 
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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 (simulator or real money) in a timestamp environment after you've received confirmation from your broker trade execution platform. Simply, 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, day trader, trend trader or range 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:
101717-Key-Price-Action-Markets.png
101717-Key-Price-Action-Markets.png [ 891.06 KiB | Viewed 247 times ]

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

##TheStrategyLab Archive Chat Logs

Session Start: Tue Oct 17 00:00:00 2017
Session Ident: ##TheStrategyLab
[08:56:27] * Attempting to rejoin channel ##TheStrategyLab
[08:56:34] * Rejoined channel ##TheStrategyLab
[08:56:34] * 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'
[08:56:34] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[08:56:34] -ChanServ- [##TheStrategyLab] Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[08:56:34] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:28:03] <Trendtrader> gm all
[09:30:28] <Trendtrader> long 2555.50 es sim
[09:30:31] <wrbtrader> Good morning all
[09:31:57] <wrbtrader> This is a range price evironment so far but there's a long Upper Shadow interval right now trying to shake things up
[09:33:51] <wrbtrader> Shorts Emini ES @ 2555.00 -> large size
[09:33:58] <wrbtrader> 10 contracts
[09:34:56] <wrbtrader> Emini NQ futures has the Long Upper Shadow interval...after retesting a prior Down WRB Hidden GAP interval
[09:35:22] <wrbtrader> volatility increasing in Emini NQ futures but not other key markets
[09:36:13] <wrbtrader> Eurex DAX futures trying to climb Up its most recent long upper shadow interval
[09:36:22] <wrbtrader> Very confusing price action right now
[09:36:28] <wrbtrader> Markets not insync
[09:36:56] <wrbtrader> something is going to volatility spike...
[09:37:06] <wrbtrader> tightning trail stop
[09:38:33] <wrbtrader> Covered all Emini ES Short @ 2554.75 --> + 0.25
[09:39:04] <wrbtrader> Eurex DAX futures still climbing higher
[09:39:21] <wrbtrader> now testing the R area of that most recent Long Upper Shadow interval
[09:43:25] <Tigerman______> gm all
[09:43:54] <Tigerman______> wrbtrader do you talk for 5min chart fdax?
[09:44:27] <wrbtrader> yes
[09:44:31] <Tigerman______> ok
[09:44:53] <Tigerman______> is it good your chart today for fdax ?
[09:45:02] <Tigerman______> no data issue
[09:45:36] <wrbtrader> Time frames lower than 5min seems to confusing to me because of the overall low volatility environment
[09:46:02] <wrbtrader> except for situations like a FOMC Announcement type of expected volatility
[09:46:17] <wrbtrader> or some breaking world news event
[09:46:24] <Tigerman______> yeah bigger chart are clearer
[09:47:03] <wrbtrader> Eurex FDAX just pierce back below that R area
[09:48:18] <wrbtrader> Emini ES futurs 15min chart just looks ugly...a lot of long shadow intervals
[09:48:37] <wrbtrader> Looks like some random data...scary
[09:49:38] <Tigerman______> yeah low vola and market at high levels
[09:49:52] <wrbtrader> Like when the random walk theorist show a bunch of charts and ask you to guess which ones were randomly created to see if a chartist can determine which charts are real and which charts are fake
[09:50:42] <Tigerman______> yep they did it
[09:51:27] <Tigerman______> House index in 7 minutes
[09:52:06] <wrbtrader> thanks...I forgot about that KME
[10:07:20] <wrbtrader> Tigerman...I just realize a benefit about complaining openly or publicly about the price action when its bad to trade...
[10:07:50] <wrbtrader> It helps to keep us out of crappy price actions :)
[10:08:22] <Tigerman______> yeah right :)
[10:12:15] <wrbtrader> Thus, if we keep quiet...we may trick ourselves into believing there's nothing wrong with the price action and therefore that itself may encourage us to trade it.
[10:12:29] <wrbtrader> Maybe its just psychology mumbo jumbo :)
[10:14:04] <Tigerman______> traders can also use a rubber band and beat themselves everytime see a crappy action to avoid trap inside it :)
[10:18:34] <wrbtrader> Shorts Emini ES @ 2555.25 -> small size
[10:18:41] <wrbtrader> 3 contracts
[10:19:59] <wrbtrader> Emini ES and NQ futures still struggling against each other...
[10:20:18] <wrbtrader> I enter that Short because they did a volatility spike downward at the same time
[10:21:14] <wrbtrader> Seem like a lot better timing in comparison to doing the same Short had they been trying to move opposite directions
[10:22:15] <wrbtrader> Eurex FDAX futures trying to push lower but its struggling to do such near the most recent reaction low
[10:27:20] <wrbtrader> Emini ES futures closing in on its most recent reaction low while Emini NQ futures is already BELOW its most recent reaction low
[10:28:24] <wrbtrader> Covered all Emini ES Short @ 2554.25 --> + 1
[10:29:39] <wrbtrader> too bad the volatility was too low on that moved down
[11:13:51] <Trendtrader> exit long es 2555.75 0.25 sim
[11:30:08] <wrbtrader> contraction in the volatility eventhough the volatility was bad
[11:31:13] <wrbtrader> Shorts Emini ES @ 2555.25 -> small size
[11:31:21] <wrbtrader> 2 contracts
[11:32:24] <wrbtrader> WRB pt1 reached
[11:32:37] <wrbtrader> strange...as soon as I announced its "contracting"...
[11:32:44] <wrbtrader> Volateility shows up :)
[11:33:07] <wrbtrader> markets heard me...now proving my analysis wrong
[11:33:09] <wrbtrader> :)
[11:33:39] <wrbtrader> Covered all Emini ES Short @ 2553.75 --> + 1.5
[11:51:49] <Tigerman______> vola vola day
[11:52:53] <Tigerman______> just did some trades in ES expoiting few moments when vola show up
[11:53:33] <Tigerman______> simply you leave the desk for a moment... you risk miss the only worth move of the day
[11:54:22] <Tigerman______> regardless I ended in profit avoid impulsive trades and stick to the plan
[11:54:30] <Tigerman______> take care all see next time
[11:55:29] <Trendtrader> see you tiger. I'm off too. see all tomorrow.
[12:54:27] <wrbtrader> Shorts Emini ES @ 2554.00 -> small size
[12:54:37] <wrbtrader> 2 contracts
[12:59:26] <wrbtrader> Ethereum cryptocurrency a lot of talk about that lately online
[13:02:35] <wrbtrader> Covered all Emini ES Short @ 2554.25 --> - 0.25
[13:03:10] <wrbtrader> Emini NQ futures retracing back upwards...stronger than Emini ES futures...reason for exiting this trade before my stop loss was reached @ 2555.00
[13:04:03] <wrbtrader> In contrast, Emini RTY futures just slugglish and contracting...slowly declining lower
[13:04:35] <wrbtrader> Another symptom that the Emini futures are not insync...typical problem in low volatility market conditions
Session Close: Wed Oct 18 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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