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 Post subject: November 22nd Wednesday - Futures, Forex, Stocks and ETF
 Post Posted: Thu Nov 23, 2017 9:46 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)
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)
Telephone: +1 708 572-4885
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 and you decide to not discuss WRB Analysis nor post any real-time information about how you're viewing the markets nor post real-time trades...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:
112217-Key-Price-Action-Markets.png
112217-Key-Price-Action-Markets.png [ 1.02 MiB | Viewed 246 times ]

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

##TheStrategyLab Archive Chat Logs

Session Start: Wed Nov 22 09:23:00 2017
Session Ident: ##TheStrategyLab
[09:23:00] * Now talking in ##TheStrategyLab
[09:23:00] * 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'
[09:23:00] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:23:01] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:33:07] <wrbtrader> Shorts Emini ES @ 2598.25 -> large size
[09:33:18] <wrbtrader> 10 contracts
[09:34:03] <Tigerman______> gm all
[09:34:04] <wrbtrader> Tight trading range since yesterday 12noon est
[09:35:00] <wrbtrader> Covered all Emini ES Short @ 2599.00 --> - 0.75
[09:35:44] <wrbtrader> as soon as I saw that tight range...I realized the problem with my trade and dumped it
[09:36:47] <Werner1> Long Emini NQ @ 6390.00
[09:37:08] <Werner1> Exited all Emini NQ Long @ 6392.00 --> + 2
[09:37:15] <Werner1> gm all
[09:37:30] <wrbtrader> Shorts Emini ES @ 2598.25 -> large size
[09:37:43] <Werner1> gap close nq
[09:38:18] <wrbtrader> Emini ES retested a prior trade signal from the early morning price action
[09:38:35] <wrbtrader> 10 contracts
[09:39:20] <wrbtrader> Emini YM pushing down hard on increasing volatility
[09:39:37] <wrbtrader> Eminis ES futures not doing the same :(
[09:39:41] <wrbtrader> at least not yet
[09:40:44] <Werner1> Shorts Emini NQ @ 6383.00
[09:41:04] <wrbtrader> :(
[09:41:06] <wrbtrader> geeesh
[09:41:23] <Werner1> Covered all Emini NQ Short @ 6380.00 --> + 3
[09:41:58] <wrbtrader> Emini ES futures having a lot of problems trying to get below its most recent reaction low :(
[09:42:15] <wrbtrader> Emini YM, NQ far below it now
[09:42:46] <wrbtrader> I hate it when Emini ES futures fights like this...no where near the same page as the other Emini futures
[09:43:15] <Werner1> :(
[09:44:56] <Tigerman______> wrbtrader... I know you like analogy
[09:44:56] <wrbtrader> Covered all Emini ES Short @ 2597.50 --> + 0.75
[09:45:13] <Tigerman______> I think market is like orchestral
[09:45:15] <wrbtrader> lost my patience on Emini ES fturues
[09:45:30] <wrbtrader> Not sure how it could have held up like that
[09:45:42] <Tigerman______> if someone is out of tune ... not good
[09:45:56] <Tigerman______> I m musician
[09:46:06] <Tigerman______> I have good hear
[09:46:19] <wrbtrader> I like the analogy
[09:46:51] <Tigerman______> in the mid of a concert a good musician can spot some out of tune instruments
[09:46:56] <wrbtrader> The entire band's music sounds funny when one of the musical instrument is not in line
[09:47:15] <Tigerman______> in reality a bit of off tune is ok
[09:47:35] <Tigerman______> because gives strengh to sound it is fuller
[09:47:45] <Tigerman______> more of it sound nasty
[09:48:11] <Tigerman______> infcat good choir sound good in tune
[09:48:26] <Tigerman______> today music industry is ruin via auto-tune programs :(
[09:48:56] <Tigerman______> yeah it is good and helpful sometimes ...
[09:49:13] <Tigerman______> you guys remind cher believe hit ?
[09:49:23] <wrbtrader> :)
[09:49:27] <Tigerman______> lot of auto-tune effect
[09:49:55] <Tigerman______> these days I listen Adele a lot
[09:50:05] <Tigerman______> very good singer
[09:50:08] <Werner1> Long Emini NQ @ 6378.25
[09:50:09] <wrbtrader> Emini YM futures continuing downward
[09:50:42] <wrbtrader> Shorts Emini ES @ 2598.00 -> large size
[09:50:45] <Tigerman______> Ym weakest TF strongest
[09:50:49] <Werner1> Exited all Emini NQ Long @ 6379.75 --> + 1.5
[09:51:00] <wrbtrader> re-entry
[09:51:11] <wrbtrader> based upon the price action of Emini YM futures
[09:51:21] <wrbtrader> 10 contracts
[09:51:50] <wrbtrader> Emini NQ futures trying to push lower...
[09:52:04] <wrbtrader> Emini ES futures still fighting hard not to follow the others
[09:52:38] <Tigerman______> I monitot VIX very close
[09:52:53] <Tigerman______> no like how folk control it
[09:53:06] <wrbtrader> Amazing how the VIX is still below 10 after yesterday's strong price movement
[09:53:31] <wrbtrader> I think it was the afternoon's tight trading range that kepted the VIX down
[09:53:47] <wrbtrader> Long Shadow intervals now
[09:54:16] <wrbtrader> NQ retracing back up...YM trying to do the same
[09:55:09] <wrbtrader> Eurex DAX more calm than the Emini futures
[09:56:04] <wrbtrader> Emini NQ futures almost retested the S area of its big Down WRB Hidden GAP interval
[09:56:36] <wrbtrader> Usually when Emini ES futures behaves like this...so defiant...
[09:56:57] <wrbtrader> It eventually has a volatility spike and then tries to catch up
[09:57:20] <wrbtrader> reason why I'm trying to be patient with it right now
[09:59:59] <wrbtrader> take a look at the 1 hour chart
[10:00:14] <wrbtrader> Not pretty...lots of contracting intervals
[10:00:27] <wrbtrader> after that big uptrend
[10:01:23] <wrbtrader> Emini YM futures the only one below the S area of its most recent 3 contracting volatility intervals
[10:02:11] <Tigerman______> yep
[10:02:54] <wrbtrader> Covered all Emini ES Short @ 2597.75 --> + 0.25
[10:03:01] <Tigerman______> ummm this price action remainds me a Pink floys song
[10:03:10] <Tigerman______> Floyd
[10:03:12] <wrbtrader> YM trying to traverse down the range of a Long Lower shadow interval - 5min chart
[10:03:30] <wrbtrader> NQ doing its own thing now...going back upwards
[10:03:42] <wrbtrader> Markets clearly now not insync
[10:06:25] <Tigerman______> dark side of the moon was the Lp
[10:07:34] <wrbtrader> Shorts Emini ES @ 2598.00 -> large size
[10:07:39] <wrbtrader> re-entry
[10:08:26] <wrbtrader> :(
[10:09:41] <wrbtrader> Clearly the Eminis are singing different tunes from each other this morning
[10:10:19] <wrbtrader> Eurex futures not helping at all...it could do something to force them to react together
[10:12:01] <wrbtrader> finally...Emini ES futures took out its most recent reaction low
[10:12:08] <wrbtrader> WRB pt1 reached
[10:12:32] <wrbtrader> Covered all Emini ES Short @ 2596.75 --> + 1.25
[10:12:42] <Werner1> Shorts Emini NQ @ 6380.75
[10:13:02] <wrbtrader> When I see Emini ES futures do something like this for the past 30 minutes...
[10:13:11] <Tigerman______> they said... if the band you' re starts playing different tunes I ll see you on the dark side of the moon
[10:13:29] <Werner1> Covered all Emini NQ Short @ 6377.75 --> + 3
[10:13:40] <wrbtrader> That's when I think the markets are being controlled by a big institution or at least by a few of them
[10:13:44] <Tigerman______> yeah dark side moon market today :)
[10:14:26] <wrbtrader> Big boys communicating with each other and saying "Hold It Up"..."I still near to clear out some more contracts"
[10:14:50] <Tigerman______> if a newbe trade this they...... :(
[10:15:05] <Tigerman______> also a veteran needs extreme care
[10:15:12] <Werner1> agree
[10:15:21] <Tigerman______> face it under 14 VIX is a mud
[10:15:42] <wrbtrader> In contrast, the arb algos kicks in and hit the NQ and YM heavy because those specific algorithms not having much of an impact on Emini ES futures
[10:15:56] <wrbtrader> Right...VIX stuck in cement
[10:16:13] <wrbtrader> ES can't do much with it like that
[10:16:39] <Tigerman______> also liquidity is low on ES !!!!!!!!!!
[10:17:29] <Tigerman______> better the Dax anyway :9
[10:18:00] <wrbtrader> Liquidity has been declining in Emini ES futures since the beginning of 2017
[10:18:14] <wrbtrader> I read a report about it somewhere
[10:18:52] <wrbtrader> I think it was blaming algorithms on the liquidity decline
[10:19:23] <wrbtrader> Algos now able to push the direction on LESS contracts
[10:19:57] <wrbtrader> When we see the times & sales...traditionally those 1 - 2 contracts use to be mainly retail traders
[10:20:27] <wrbtrader> Now its mainly algorithms and they can do a ton of them.
[10:21:05] <wrbtrader> Instead of a 10 contract trade...they can do the same trades via 1 contract trades but 10x...back to back
[10:21:22] <Werner1> Shorts Emini NQ @ 6379.50
[10:21:46] <wrbtrader> Emini ES futurs now traversing down the range of its most recent Long Lower Shadow interval
[10:21:50] <Werner1> Covered all Emini NQ Short @ 6377.50 --> + 2
[10:22:09] <wrbtrader> I'm recovering from my earlier Shorts
[10:22:23] <wrbtrader> don't have the stomach to chase Emini ES right now
[10:24:32] <wrbtrader> werner...you having log-in problems ?
[10:25:15] <wrbtrader> I notice sometimes you have the number 1 at the end of your user name...sometimes you don't and other times the "w" in your user name becomes a capital "W"
[10:34:50] <Werner1> no wrb i dont think so
[10:35:55] <Werner1> if i log in it takes werner 1
[10:36:28] <Werner1> and i test i on a other pc and the it takes werner
[10:36:43] <Werner1> i dont know whats wrong :(
[10:37:50] <Werner1> its says ...you nick is already in use..
[10:41:26] <Werner1> Long Emini NQ @ 6382.50
[10:41:48] <Werner1> Exited all Emini NQ Long @ 6384.50 --> + 2
[10:45:32] <Werner1> bbl
[11:02:36] <Tigerman______> take care all see next time
[11:23:26] <wrbtrader> Ok werner...there's other chat rooms...like today there's +182 rooms online on the Freenode server
[11:23:42] <wrbtrader> If it says your user name is already in use...
[11:24:00] <wrbtrader> That means someone else in one of those other rooms has it "registered"
[11:24:07] <wrbtrader> Nothing you can do about that
[11:25:22] <wrbtrader> Emini YM futures now below its most recent Long Lower Shadow interval
[11:25:42] <wrbtrader> Emini ES futures traversing down the range of its most recent Long Lower shadow interval
[11:26:16] <wrbtrader> Shorts Emini ES @ 2595.50 -> small size
[11:26:26] <wrbtrader> 3 contracts
[11:27:48] <wrbtrader> Emini ES futures a little jumpy now
[11:28:47] <wrbtrader> Emini YM futures just weak today
[11:29:03] <wrbtrader> Covered all Emini ES Short @ 2595.50 --> 0
[11:29:31] <wrbtrader> still jumpy
[11:29:48] <wrbtrader> Shorts Emini ES @ 2595.50 -> small size
[11:29:59] <wrbtrader> re-entry
[11:33:19] <wrbtrader> Emini ES futures needs to go lower or else it'll setup a Long signal
[11:33:31] <wrbtrader> while I'm still Short
[11:33:53] <wrbtrader> Emini NQ futures trying to help push it lower
[11:43:27] <wrbtrader> lost my patience again
[11:43:38] <wrbtrader> Covered all Emini ES Short @ 2595.25 --> + 0.25
[11:44:04] <wrbtrader> WRB pt1 reached @ 2595.00 but it was too small
[11:44:22] <wrbtrader> I waited and waited...it couldn't push lower.
[12:05:49] <wrbtrader> Emini YM futures contracting volatility and trying to push lower too
[12:21:31] <wrbtrader> Emini ES futures fell below the S area of its most recent reaction lows
[12:22:09] <wrbtrader> only because Emini YM futures had moved so far below
[12:22:48] <wrbtrader> Emini NQ futures still stable as if it doesn't know what Emini YM futures is doing
[12:33:06] <wrbtrader> Shorts Emini ES @ 2594.75 -> small size
[12:33:10] <wrbtrader> Emini ES futures stuck in the range of its most recent long lower shadow interval = 15min chart
[12:33:16] <wrbtrader> 2 contracts
[13:05:01] <wrbtrader> Covered all Emini ES Short @ 2595.50 --> - 0.75
[13:05:05] <wrbtrader> Held that awhile through price noise
[13:16:22] <wrbtrader> Shorts Emini ES @ 2594.75 -> small size
[13:16:32] <wrbtrader> 3 contracts
[13:16:37] <wrbtrader> re-entry
[13:16:56] <wrbtrader> Emini NQ and YM are moving insync
[13:17:25] <wrbtrader> reason why I increased my size from 2 contracts to 3 contracts
[13:18:08] <wrbtrader> Yet, Emini ES futures still has not pushed below the S area of the most recent contracting volatility intervals :(
[13:24:05] <wrbtrader> WRB pt1 reached
[13:24:12] <wrbtrader> Covered all Emini ES Short @ 2594.00 --> + 0.75
[13:42:27] <Werner1> back
[13:53:28] <Werner1> vola is dead
[14:35:02] <wrbtrader> Yep
[14:36:18] <wrbtrader> The Eminis are not insync today in the volatility movements
[17:22:32] <wrbtrader> Take care all and see all tomorrow
[17:23:15] <Werner1> yeah gn
Session Close: Thu Nov 23 00:00:00 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.

Disclaimer: Today's trading performance is not an indication of my future performance and not an indication of the future performance for any trader that decides to learn/apply WRB Analysis. The risk of loss can be substantial. Therefore, you must carefully consider if trading is suitable for you within the context of your financial condition. TheStrategyLab.com is an education and research site. The resources on this site are provided for informational purposes only and should not be used to replace professional educational and professional research because we are retail traders only. TheStrategyLab.com does not accept liability for your use of the website and its resources.

We make no guarantees of success and your level of success is dependent upon other factors including your skill as a trader, knowledge, financial condition, market conditions and other factors. Trading is stressful and you should always consult a doctor in all matters relating to physical and mental health of you and your family because trading can impact beyond your financial condition regardless if you're a profitable or losing trader. Also, you can read our full disclaimer statement @ http://www.thestrategylab.com/Disclaimer.htm

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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