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 Post subject: November 1st Wednesday - Futures, Forex, Stocks and ETF
 Post Posted: Wed Nov 01, 2017 11:06 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 (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:
110117-Key-Price-Action-Markets.png
110117-Key-Price-Action-Markets.png [ 1.04 MiB | Viewed 247 times ]

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

##TheStrategyLab Archive Chat Logs

Session Start: Wed Nov 01 09:28:38 2017
Session Ident: ##TheStrategyLab
[09:28:38] * Now talking in ##TheStrategyLab
[09:28:38] * 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'
[09:28:38] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:28:40] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:56] <Trendtrader> long es 2581 sim
[09:36:06] <Trendtrader> exit es 2582 sim +1
[09:53:17] <wrbtrader> Good morning
[09:58:56] <wrbtrader> strange price action between the Emini futures again...
[09:59:16] <wrbtrader> NQ went staight down while Emini ES went straight up...
[09:59:54] <wrbtrader> I hope its not going to be one of those head scratching trading days
[09:59:57] <wrbtrader> :(
[10:01:45] <wrbtrader> Reminder - Key markets that are suppose to be highly correlated then decide not to be correlated...
[10:01:50] <wrbtrader> Usually result in losses
[10:02:15] <wrbtrader> That answers the question of someone that frequently read these chat logs.
[10:02:30] <wrbtrader> when to trade and when not the trade
[10:02:31] <wrbtrader> or
[10:02:44] <wrbtrader> when to change position size
[10:02:59] <wrbtrader> regardless to the trade signal
[10:03:30] <wrbtrader> Simply, when markets are not correlated...good time to ignore trade signals that appear during that time
[10:04:07] <wrbtrader> or a good time to lower the position size
[10:05:39] <wrbtrader> This is not hindsight analysis...this is something any trader should be able to see in realtime if they have on their monitors charts of key markets sitting "side by side" on their monitors
[10:06:46] <wrbtrader> That answers another question of someone that reads these chat logs and states its all hindsight analysis long after the fact :)
[10:07:51] <wrbtrader> Emini NQ futures trying to travel up the range of its most recnt Down WRB Hidden GAP interval
[10:09:17] <wrbtrader> Its not acting as it the midpoint of that Down WRB HG interval is resistance area
[10:09:30] <wrbtrader> meant not = now
[10:10:15] <wrbtrader> Surprisingly...we had some big KMEs at 1000am est with very little reaction
[10:10:35] <wrbtrader> Crude Oil inventories up at 1030am est
[10:11:17] <wrbtrader> Bank holiday today in France and Italy
[10:12:46] <wrbtrader> I think its funny because I get notifications about broker/bank schedule hours from my broker and bank in France...
[10:13:01] <wrbtrader> Its funny because I'm located here in Canada
[10:13:35] <wrbtrader> Its not like I can jump in the car and drive to my bank to make a "cash withdrawal"
[10:14:08] <wrbtrader> Yesterday, I called my broker on the telephone...
[10:14:44] <wrbtrader> I ended up talking to the "fraud department" to prove my identity because I was using my cell phone...a cell phone from Chicago
[10:14:46] <wrbtrader> :)
[10:15:49] <wrbtrader> I just forgot and used the wrong phone instead of my land line
[10:20:43] * Retrieving ##TheStrategyLab modes...
[10:23:20] <wrbtrader> Now the Eurex DAX futures and others starting to travel down the range of their most recent Long Lower Shadow intervals
[10:23:39] <wrbtrader> Emini ES tried to do the same...its struggling too
[10:24:13] <wrbtrader> Shorts Emini ES @ 2582.00 -> large size
[10:24:16] <wrbtrader> while Emini NQ futures was able to get below its most recent Long Lower e
[10:24:30] <wrbtrader> 10 contracts
[10:24:45] <wrbtrader> not much room for error here
[10:25:26] <wrbtrader> Emini ES futures testing the S area of its most recent Up WRB Hidden GAP interval
[10:26:16] <wrbtrader> I'm hoping it will retest the range of the Long Lower Shadow interval...to try to get below 2581.50
[10:26:41] <wrbtrader> S arera @ 2581.75
[10:27:28] <wrbtrader> data problems in my Eurex futures feed
[10:27:52] <wrbtrader> looks to behind by 1 minute
[10:28:49] <wrbtrader> Again Eurex DAX futures trying to push below the range of its most recent Long Lower Shadow interval
[10:30:39] <wrbtrader> Covered 1/2 Emini ES Short @ 2581.00 --> + 1
[10:33:03] <wrbtrader> WRB pt2 (small) reached
[10:34:24] <wrbtrader> Covered Remainder Emini ES Short @ 2579.25 --> + 2.75
[10:34:28] <wrbtrader> Maybe the reader is correct...its all hindsight in here :)
[10:35:05] <wrbtrader> The first scale out (1/2) was at WRB pt1
[10:35:43] <wrbtrader> I then decided to hold for a bigger WRB pt2 when I saw volatility showing up in Eurex futures
[10:36:05] <wrbtrader> Surprisingly, the volatility stalled fast in Emini NQ futures
[10:37:50] <wrbtrader> I have a new script installed in the background for the "time clock" timestamps in here
[10:37:58] <wrbtrader> I designed it myself...
[10:38:38] <wrbtrader> Its showing that the IRC timestamps so far today are 20.78 seconds "too fast"
[10:39:06] <wrbtrader> I'm more worry about when it becomes "too slow"
[10:41:06] <wrbtrader> Some people don't understand why I continue to use IRC...
[10:41:33] <wrbtrader> Its because I can do a lot of coding versus using someone's else chat progrm like Skype
[10:43:53] <wrbtrader> or Slck, Huddle, ConnectWise, Quip, Dapulse, Wimi, Crugo and Turbomeeting.
[10:44:09] <wrbtrader> I've tried them all in the past for the chat room in here.
[10:45:16] <wrbtrader> Not suitable for what I need to do
[10:45:48] <wrbtrader> Regardless, I'm still searching...hopefully I can find something sooner than later
[10:54:55] <wrbtrader> Emini RTY futures and Emini NQ futures (just barely) closed their regular session gap
[10:55:02] <wrbtrader> Emini ES futures has not
[10:55:30] <wrbtrader> This is another symptom that the key markets are not insyc with their volatility movements
[11:51:55] <wrbtrader> No one in here talking about the price drop...hmmm ?
[11:54:05] <wrbtrader> Shorts Emini ES @ 2577.25 -> small size
[11:54:29] <wrbtrader> 2+1 contracts
[11:54:48] <wrbtrader> Usually I don't have time to mention any scale ins into a position
[11:55:43] <wrbtrader> Similar to nobody having time to talk about any strong directional price movements :)
[11:56:24] <wrbtrader> Emini RTY contracting now in its volatility
[11:57:03] <wrbtrader> In contrast, Emini ES & NQ are expanding in their volatility
[11:57:19] <wrbtrader> more contradiction in correlated markets
[11:57:28] <wrbtrader> :(
[11:57:47] <wrbtrader> Covered all Emini ES Short @ 2575.50 --> + 1.75
[11:57:56] <wrbtrader> WRB pt1 reached
[11:58:39] <wrbtrader> Missed a lot of the initial price movement downward after it broke below the most recent reaction low
[11:58:49] <wrbtrader> still got something out of it
[12:22:44] <werner1> hi all ...a bit late but i hope not too late...
[12:24:12] <wrbtrader> Hi werner
[12:24:21] <werner1> mm vola again bad i see
[12:24:32] <wrbtrader> You working before starting your work day ?
[12:24:42] <werner1> no
[12:24:49] <werner1> i have no job
[12:25:15] <wrbtrader> I know Tigerman for example...is usually asleep at this time and often shows up late.
[12:25:17] <wrbtrader> I think
[12:25:34] <wrbtrader> I think its the time difference
[12:25:45] <wrbtrader> with the markets
[12:26:04] <werner1> its here now 17.25
[12:28:35] <werner1> wednesday i am always late at the desk :(
[12:29:20] <wrbtrader> Yeah, I now have problems with trading on Tuesdays and Thursday due to appointments
[12:30:06] <wrbtrader> 2017 has been very problematic for me...
[12:30:18] <wrbtrader> I've lost a ton of trading this year
[12:30:53] <wrbtrader> Most of it due to schedule events...very little last minute stuff
[12:31:45] <werner1> Long Emini NQ @ 6255.00
[12:32:15] <werner1> Exited all Emini NQ Long @ 6253.50 --> - 1.5
[12:58:29] <werner1> Shorts Emini NQ @ 4249.75
[12:59:00] <werner1> Shorts Emini NQ @ 6249.75
[12:59:16] <werner1> Covered all Emini NQ Short @ 6246.00 --> + 3.75
[13:01:09] <werner1> wrb pt1
[13:08:13] <werner1> Shorts Emini NQ @ 6244.50
[13:08:41] <werner1> Covered all Emini NQ Short @ 6240.75 --> + 3.75
[13:09:41] <werner1> wrb pt1
[13:34:52] <werner1> dinner here ...i mist the long :(
[13:54:17] <wrbtrader> Chat room right now is timestamp @ 20.54 seconds faster than the real time via the national clock
[13:55:23] <wrbtrader> That means that any comments or trades posted here in the chat room with have a timestamp at 20.54 seconds faster than the real time of the national clock that's typically used by most computers
[13:55:51] <wrbtrader> Thus, timestamp is faster...not slower
[15:49:32] <werner1> Shorts Emini NQ @ 6245.00
[15:49:54] <werner1> Covered all Emini NQ Short @ 6243.25 --> + 1.75
[15:50:32] <werner1> wow
[15:53:52] <werner1> Long Emini NQ @ 6247.50
[15:54:16] <werner1> Exited all Emini NQ Long @ 6249.75 --> + 2.25
[16:17:42] <werner1> gn all...cya
[16:50:53] <wrbtrader> I didn't like the price action this afternoon...no trades for the afternoon trading session. I only traded the morning trading
[16:51:04] <wrbtrader> Take care all and see all tomorrow
[23:32:10] * Disconnected
Session Close: Wed Nov 01 23:32:10 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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