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 Post subject: November 2nd Thursday - Futures, Forex, Stocks and ETF
 Post Posted: Thu Nov 02, 2017 3:05 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:
110217-Key-Price-Action-Markets.png
110217-Key-Price-Action-Markets.png [ 1.1 MiB | Viewed 292 times ]

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

##TheStrategyLab Archive Chat Logs

Session Start: Thu Nov 02 09:21:19 2017
Session Ident: ##TheStrategyLab
[09:21:19] * Now talking in ##TheStrategyLab
[09:21:19] * 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'
[09:21:19] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:21:19] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:25:39] <werner1> gm wrb ,all
[09:25:49] <wrbtrader> Hi werner
[09:31:20] <wrbtrader> Shorts Emini ES @ 2574.50 -> large size
[09:31:30] <wrbtrader> ouuch
[09:32:23] <wrbtrader> 10 contracts
[09:32:50] <wrbtrader> Covered all Emini ES Short @ 2575.50 --> - 1
[09:33:33] <wrbtrader> Shorts Emini ES @ 2575.50 -> large size
[09:33:58] <wrbtrader> 10 contracts
[09:34:14] <wrbtrader> key markets again "not insync" :(
[09:36:24] <wrbtrader> I remember seeing this price action yesterday...doing the same thing between Emini NQ versus Emini ES futures and then the movement in Eurex DAX kind'uv sorted it out and then got ES/NQ back insync
[09:37:04] <wrbtrader> Yet, Emini ES just struggle for the remainder of the day after that weird contradiction in the Eminis
[09:37:40] <wrbtrader> Yesterday, it gave me a "no trading" day...I just didn't have the stomach for that crap
[09:39:46] <wrbtrader> slowly losing my patience
[09:40:14] <wrbtrader> How much further can Emini NQ drop before Emini ES wakes up ?
[09:40:34] <wrbtrader> Covered all Emini ES Short @ 2575.00 --> + 0.5
[09:40:43] <wrbtrader> Patience lost
[09:40:52] <wrbtrader> not a WRB pt1 exit
[09:40:53] <werner1> i think here some sup :)
[09:41:20] <werner1> it yesterdays lod
[09:45:37] <wrbtrader> Shorts Emini ES @ 2573.75 -> large size
[09:45:50] <wrbtrader> re-entry :(
[09:46:02] <wrbtrader> b.s. price action
[09:46:10] <wrbtrader> 10 contracts
[09:46:41] <wrbtrader> can't figure out how Emini ES futures was able to stay up like that while the others were declining strongly
[09:47:55] <wrbtrader> Covered all Emini ES Short @ 2574.25 --> - 0.5
[09:48:59] <wrbtrader> Shorted that long lower shadow and then after entry...chart changed...it was not a long lower shadow
[09:49:07] <wrbtrader> It was a WRB
[09:49:16] <wrbtrader> :(
[09:51:27] <wrbtrader> Big Down WRB Hidden GAP interval in Emini NQ got retraced suddenly by a Big Up WRB Hidden GAP interval
[09:53:44] <werner1> indd
[09:54:58] <werner1> lod yesterday works
[09:55:58] <wrbtrader> impressive how Emini ES held its weight while others were weakening
[09:56:24] <wrbtrader> That will be two consecutive trading days it did that
[09:57:21] <wrbtrader> As mentioned earlier, after Emini ES futures did that...it really didn't do much after that unless you're a scalper and like that crap
[09:58:23] <werner1> lol
[10:01:33] <Trendtrader> short es 2574 sim
[10:02:01] <Trendtrader> exit 2573 +1
[10:03:02] <wrbtrader> Shorts Emini ES @ 2573.25 -> large size
[10:03:22] <wrbtrader> overreaction in Emini ES futures
[10:03:39] <wrbtrader> into the range of long lower shadow intervals
[10:03:54] <wrbtrader> All I did was just jump on the volateility movement...
[10:04:00] <wrbtrader> no trade signal...
[10:04:18] <wrbtrader> Intuition and experience with volatility that suddenly shows up
[10:04:45] <wrbtrader> 10 contracts
[10:06:11] <wrbtrader> WRB pt1 obviously reached
[10:06:58] <wrbtrader> Covered all Emini ES Short @ 2569.00 --> + 4.25
[10:07:11] <werner1> vn :)
[10:07:29] <wrbtrader> Amazing how the price action "volatility movement" was so similar for yesterday and today...
[10:07:57] <wrbtrader> Suddenly out of nowhere...Emini ES does this huge volatility spike today that did not happen yesterday
[10:08:52] <wrbtrader> Shorts Emini ES @ 2568.00 -> large size
[10:09:00] <wrbtrader> 10 contracts
[10:09:08] <wrbtrader> same as prior Short...
[10:09:24] <wrbtrader> Just jumped onto the volatility movement...no trade signal...
[10:09:48] <wrbtrader> Intuition and Experience with this type of sudden out of nowhere price movement
[10:10:22] <werner1> Shorts Emini NQ @ 6216.50
[10:10:30] <wrbtrader> I use to see this type of price movement during the January Effect but this is not January :)
[10:10:40] <werner1> Covered all Emini NQ Short @ 6211.50 --> + 5
[10:11:37] <wrbtrader> WRB pt1 reached
[10:14:40] <wrbtrader> Covered all Emini ES Short @ 2563.25 --> + 4.75
[10:16:09] <wrbtrader> Covered that position when it dropped below the "overnight low" that was a Long Lower Shadow interval
[10:19:00] <werner1> The gardener was here this morning and helped him .... I'm tired .... and can not concentrate on the market :(
[10:19:27] <wrbtrader> It's important to document the reasons for that type of price movement...similar like reasons for the past many years
[10:19:45] <wrbtrader> Tax Reform and FED chair announcements
[10:20:23] <wrbtrader> I wonder who will be the next FED chair
[10:20:45] <werner1> focus is so importent deez days
[10:21:02] <wrbtrader> Why didn't the market just drop or gap down on the Open ?
[10:21:33] <wrbtrader> Instead of that earlier crap when Emini ES futures fought so hard to stay up while Emini NQ was declining strongly
[10:21:39] <werner1> dont know :(
[10:22:10] <wrbtrader> That's my way of documenting the trading day with statements like that
[10:22:48] <wrbtrader> I've already found the news releases that caused that "out of nowhere" volatility surge that suddenly dropped the market
[10:23:07] <wrbtrader> Will save them and post the info in my trade journal tonight
[10:23:29] <wrbtrader> Helps to not forget this type of price action so that I can take advantage of it again whenever it shows up
[10:23:55] <werner1> agree ..thnx
[10:24:15] <wrbtrader> werner...I agree about the distraction and being tired.
[10:24:33] <wrbtrader> That's something I've learned since being ill last fall
[10:24:55] <wrbtrader> My focus or attention span dropped from 100% to like 20%
[10:25:11] <werner1> indd
[10:25:31] <wrbtrader> Rarely do I have patience to watch my monitors for a full 1 hour...
[10:25:42] <wrbtrader> I take frequent breaks during the trading day
[10:25:55] <wrbtrader> I frequently have "no trading" days
[10:26:16] <wrbtrader> I can't do anything about it...its due to medical reasons
[10:26:44] <wrbtrader> I'm hoping I'll be "mentally" back to normal by next summer
[10:28:19] <werner1> I hope so with you :)
[10:30:37] <werner1> I take some rest...bbl
[10:44:52] <wrbtrader> Impressive retracement back up so far by Emini ES although its slow moving
[10:52:29] <wrbtrader> Emini futures now struggling near the S area of the first big Down WRB Hidden GAP interval of that big sudden decline
[10:53:22] <wrbtrader> I'll short it if it drops back below the S area...looks like 2570.25
[10:58:07] <wrbtrader> Shorts Emini ES @ 2569.75 -> small size
[10:58:19] <wrbtrader> 2 contracts
[11:03:01] <wrbtrader> Covered all Emini ES Short @ 2571.50 --> - 1.75
[11:04:13] <wrbtrader> Long Emini ES @ 2572.75 -> small size
[11:04:21] <wrbtrader> 3 contracts
[11:05:30] <wrbtrader> Exited all Emini ES Long @ 2572.50 --> - 0.25
[11:06:01] <wrbtrader> That Short was in calm price action...then volatility showed up out of nowhere
[11:07:38] <wrbtrader> Shorts Emini ES @ 2571.75 -> small size
[11:07:45] <wrbtrader> 3 contracts
[11:10:05] <wrbtrader> The counter-thrust failed in Eurex futures...Eminis not noticing
[11:11:17] <wrbtrader> :(
[11:11:20] <wrbtrader> choppy
[11:12:51] <wrbtrader> Emini ES trying hard to travel up its most recent Long Upper Shadow interval
[11:14:06] <wrbtrader> Choppy inside the range of that initial big Down WRB HG interval
[11:18:11] <wrbtrader> Covered all Emini ES Short @ 2571.00 --> + 0.75
[11:18:17] <wrbtrader> That was my toughest trade of the day...very difficult to analyze...making the trade management after entry very complicated
[11:25:40] <wrbtrader> Emini ES futures stuck between the R/S areas of the most recent Up WRB Hidden GAP interval
[11:25:45] <wrbtrader> 5min chart
[11:26:24] <wrbtrader> Shorts Emini ES @ 2570.00 -> small size
[11:26:29] <wrbtrader> 3 contracts
[11:26:46] <wrbtrader> Shorted the breakdown below the S area
[11:27:10] <wrbtrader> WRB pt1 reached
[11:27:55] <wrbtrader> volatility was increasing but now it has slowed while still increasing in Emini NQ futures
[11:29:03] <wrbtrader> Covered all Emini ES Short @ 2569.50 --> + 0.5
[11:29:49] <wrbtrader> :(
[11:29:54] <wrbtrader> trail pick pocked
[11:30:35] <wrbtrader> I was questioning tightening that trail...should'uv waited another 15 seconds
[11:32:18] <wrbtrader> Shorts Emini ES @ 2568.25 -> small size
[11:32:22] <wrbtrader> Emini ES futures traveling down the range of a Long Lower Shadow interval from that counter-thrust upwards
[11:32:32] <wrbtrader> 3 contracts
[11:33:50] <wrbtrader> :(
[11:34:51] <wrbtrader> a lot of fight in Emini ES futures right now from dropping lower
[11:38:27] <werner1> Shorts Emini NQ @ 6201.75
[11:38:29] <wrbtrader> Covered all Emini ES Short @ 2567.50 --> + 0.75
[11:38:32] <wrbtrader> back to back tough trades
[11:39:14] <werner1> 6196.00
[11:39:15] <wrbtrader> Meant...3 consecutive tough trades
[11:39:33] <werner1> Covered all Emini NQ Short @ 6196.00 --> + 5.75
[11:39:47] <wrbtrader> I'm calling it quits here...those 3 trades mentally drained me
[11:39:48] <werner1> wrb pt1
[11:40:52] <wrbtrader> werner...nice trade
[11:40:58] <wrbtrader> Take care all and see all tomorrow
[11:44:41] <werner1> take care
[12:33:32] <werner1> Shorts Emini NQ @ 6223.50
[12:33:39] <werner1> intu
[12:34:29] <werner1> brrr
[12:38:51] <werner1> need 20.75
[12:40:35] <werner1> Covered all Emini NQ Short @ 6220.75 --> + 2.75
[14:42:39] <werner1> gn all
Session Closed: Thur Nov 02 16:15:05 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 and its a flawed substitution for mentoring 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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