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 Post subject: December 20th Wednesday - Futures, Forex, Stocks and ETF
 Post Posted: Wed Dec 20, 2017 6:10 pm 
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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:
122017-Key-Price-Action-Markets.png
122017-Key-Price-Action-Markets.png [ 864.84 KiB | Viewed 286 times ]

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

##TheStrategyLab Archive Chat Logs

Session Start: Wed Dec 20 00:00:00 2017
Session Ident: ##TheStrategyLab
[09:32:41] * Attempting to rejoin channel ##TheStrategyLab
[09:32:48] * Rejoined channel ##TheStrategyLab
[09:32:48] -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
[09:32:48] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:36:23] <wrbtrader> Shorts Emini ES @ 2692.25 -> large size
[09:36:45] <wrbtrader> 10 + 5 contracts (15 total)
[09:37:17] <wrbtrader> First trade with a size increase since I was hospitalized last fall.
[09:37:52] <wrbtrader> There's just too much volatility in many key markets at the same time
[09:38:20] <wrbtrader> Perfect time to get into the mind set of increasing my position size
[09:38:43] <wrbtrader> WRB pt1 reached and reached a reaction low
[09:39:16] <wrbtrader> Covered 2/3 Emini ES Short @ 2688.50 --> + 3.75
[09:39:49] <wrbtrader> Emini NQ futures looks like its getting the worst of this volatility spike
[09:41:56] <wrbtrader> Covered Emini ES Short @ 2685.00 --> + 7.25
[09:42:00] <wrbtrader> Holding 1 contract remainder
[09:42:28] <wrbtrader> wow...huge price movement
[09:43:48] <wrbtrader> Emini ES futures retested the S area of a Up WRB Hidden GAP interval on the 1 hour chart
[09:45:06] <wrbtrader> volatility due to the Tax Report or Tax Bill
[09:45:30] <wrbtrader> Nothing unusual but the strength of this volatility is surprising to me
[09:53:25] <wrbtrader> Emini ES futures retesting that S area again but this time via slowing (contracting) volatility
[10:11:37] <wrbtrader> Price found some footing...trying to stand up but its only retraced one of the big Down Hidden GAP intervals
[10:26:08] <wrbtrader> audio alerts going off again
[10:26:43] <wrbtrader> Emini ES futures lost its footing...back at/near the S area of the Up WRB Hidden GAP interval
[10:28:38] <wrbtrader> I just had a memory of when my kids were toddlers and crawling around on the floor in my office while I was trading and one of those "audio alerts" would go off.
[10:29:12] <wrbtrader> :)
[10:35:10] <wrbtrader> WRB pt3 reached almost reached...it came within 1 tick
[10:36:08] <wrbtrader> now I have to wait for contracting intervals that down have a price rise or a volatility surge further lower for that elusive WRB pt3
[10:38:59] <wrbtrader> WRB pt3 reached...first one for me here in 2017...crazy.
[10:39:03] <wrbtrader> Covered Remainder Emini ES Short @ 2682.25 --> + 10
[10:40:55] <wrbtrader> Exited that remainder at/near the reaction low of the 1 hour chart
[10:41:17] <wrbtrader> Price action now pushing lower on slow increasing volatility
[10:57:05] <wrbtrader> Shorts Emini ES @ 2682.00 -> small size
[10:57:13] <wrbtrader> 2 contracts
[10:57:25] <wrbtrader> Will be a tough trade
[10:57:45] <wrbtrader> Emini futures no longer insync with their volatility movements
[10:58:20] <wrbtrader> Emini NQ futures volatility increasing faster than the other Eminis futures
[10:58:36] <wrbtrader> Emini RTY the most resistant
[10:59:18] <wrbtrader> Covered all Emini ES Short @ 2682.00 --> 0
[10:59:58] <wrbtrader> Emini NQ futures volatility still increasing but the price action is now trying to counter-thrust upwards
[11:00:27] <wrbtrader> Long Emini ES @ 2682.50 -> small size
[11:00:32] <wrbtrader> 3 contracts
[11:00:35] <wrbtrader> intuition
[11:01:22] <wrbtrader> more chop
[11:01:44] <wrbtrader> something usually pops when chop shows up like that after a big move
[11:02:37] <wrbtrader> Exited all Emini ES Long @ 2684.50 --> + 2
[11:02:47] <wrbtrader> WRB pt1 reached
[11:11:05] <wrbtrader> Eurex DAX futures starting to stabilize
[11:12:36] <wrbtrader> It was the Eurex futures and Euronex futures that tipped me off about the Emini futures for my initial Short in Emini ES futures
[11:18:43] <wrbtrader> Shorts Emini ES @ 2684.25 -> small size
[11:18:45] <wrbtrader> 1 contract
[11:19:51] <wrbtrader> Covered Emini ES Short @ 2683.00 --> + 1.25
[11:19:54] <wrbtrader> WRB pt1 reached
[11:24:59] <wrbtrader> Prior to 2012...this room would fill up after a big down movement that we saw after the opening bell
[11:25:25] <wrbtrader> People wanted to see what was being discussed and whom banked it
[11:26:20] <wrbtrader> Those days are long gone as twitter and stocktwits captured those types of traders
[11:39:26] <wrbtrader> I still can't believe I caught a WRB pt3 trade...I had given up on that at the close of November
[11:57:19] <wrbtrader> Shorts Emini ES @ 2684.00 -> small size
[11:57:28] <wrbtrader> 2 contracts
[11:58:40] <wrbtrader> Emini NQ futures needs to help a little here by expanding its volatility out of that tight trading range of contraction of the most recent 3 intervals
[12:13:39] <wrbtrader> Covered all Emini ES Short @ 2685.00 --> - 1
[12:14:08] <wrbtrader> Emini ES futures back inside the range of Long Upper Shadow intervals
[12:14:33] <wrbtrader> Long Emini ES @ 2685.50 -> small size
[12:14:45] <wrbtrader> 3 contracts
[12:19:47] <wrbtrader> volatility struggling now and contracting
[12:20:25] <wrbtrader> same thing I saw in the Short position prior to this Long position
[12:27:52] <wrbtrader> down WRB
[12:28:01] <wrbtrader> volatility trying to increase
[12:33:47] <wrbtrader> Exited 2/3 Emini ES Long @ 2684.75 --> - 0.75
[12:34:17] <wrbtrader> :(
[12:34:53] <wrbtrader> Difference in trading when volatility is back to being low
[12:54:27] <wrbtrader> just realized an error in the prior trade
[12:54:40] <wrbtrader> That was an "all out"...not 2/3
[12:55:51] <wrbtrader> Price action had surged back upwards after that loss but it setup an interesting price reaction
[13:00:25] <wrbtrader> Price action stuck inside the range of WRB Hidden GAP intervals is what I meant to say
[13:00:44] <werner1> hi all
[13:00:52] <wrbtrader> Hi werner
[13:06:09] <werner1> have you set any trades today wrb
[13:08:48] <werner1> Long Emini NQ @ 9490.00
[13:09:15] <werner1> Exited all Emini NQ Long @ 9491.25 --> + 1.25
[13:09:23] <werner1> wrb pt1
[13:09:25] <wrbtrader> Long Emini ES @ 2685.75 -> small size
[13:09:46] <wrbtrader> 2+1 contracts
[13:09:57] <werner1> lol green ..
[13:10:44] <wrbtrader> Yeah...werner...it only takes one trade to get green if its a winner and your only trade of the day
[13:11:09] <wrbtrader> Emini NQ futures showing increasing volatility
[13:11:23] <wrbtrader> Didn't expect to see that now
[13:12:20] <wrbtrader> Emini ES futures not too impressive in its response to Emini NQ
[13:12:44] <wrbtrader> RTY not impress too with NQ price action
[13:12:57] <werner1> :(
[13:13:28] <wrbtrader> Emini NQ futures needs to push a little higher to wake up RTY and ES futures
[13:14:00] <wrbtrader> It will also wake up the volatilit
[13:14:25] <werner1> nq here at yesterdays hod
[13:14:53] <werner1> sorry
[13:15:15] <werner1> is not correct
[13:21:29] <werner1> Long Emini NQ @ 6497.00
[13:21:45] <werner1> Exited all Emini NQ Long @ 6500.75 --> + 3.75
[13:22:19] <werner1> djeez es...
[13:22:51] <werner1> gogo
[13:23:53] <wrbtrader> nice pop in Emini NQ futures
[13:24:00] <werner1> yeah
[13:26:05] <wrbtrader> WRB pt1 reached
[13:28:01] <wrbtrader> Exited all Emini ES Long @ 2687.50 --> + 1.75
[13:28:31] <werner1> lol nici color
[13:28:37] <werner1> nice
[13:29:34] <werner1> dou have a new script or is it mirc setting
[13:31:53] <wrbtrader> New auto script but I don't think others could see the colors of the trades unless I made a screenshot of my screen or in screen sharing
[13:32:19] <werner1> i see the colors
[13:33:49] <wrbtrader> great
[13:34:09] <wrbtrader> Now all I need to do is make some emojis
[13:34:12] <wrbtrader> :)
[13:34:32] <werner1> yeah ...
[14:07:05] <wrbtrader> Shorts Emini ES @ 2685.75 -> small size
[14:07:19] <wrbtrader> 1 contract
[14:07:26] <wrbtrader> poor entry
[14:07:37] <wrbtrader> too much overanalysis
[14:08:02] <wrbtrader> WRB pt1 reached on some chop
[14:13:25] <wrbtrader> Covered Emini ES Short @ 2685.50 --> + 0.25
[14:13:35] <wrbtrader> :(
[14:29:09] <wrbtrader> Shorts Emini ES @ 2684.25 -> small size
[14:29:18] <wrbtrader> 3 contracts
[14:29:33] <wrbtrader> volatility spike
[14:29:44] <werner1> yep
[14:29:53] <werner1> mist it here
[14:30:27] <wrbtrader> hopefully it will last long enough to take Emini ES futures down to the S area @ 2682.50
[14:41:29] <wrbtrader> Covered all Emini ES Short @ 2684.00 --> + 0.25
[14:42:09] <wrbtrader> lost my patience with that trade
[14:42:15] <wrbtrader> not a WRB pt exit
[14:43:17] <wrbtrader> Market is very sensitive to happenings in congress about the tax bill
[14:43:38] <wrbtrader> volatility drying up
[14:44:03] <wrbtrader> Yet, I'm expecting it to become more action after 3:30pm est
[14:45:20] <wrbtrader> gotta take a break
[15:20:48] <werner1> Long Emini NQ @ 6488.75
[15:21:05] <werner1> Exited all Emini NQ Long @ 6490.00 --> + 1.25
[15:39:37] <werner1> Long Emini NQ @ 6492.75
[15:39:46] <werner1> Exited all Emini NQ Long @ 6494.00 --> + 1.25
[15:47:31] <wrbtrader> Shorts Emini ES @ 2684.50 -> small size
[15:47:39] <wrbtrader> 3 contracts
[15:47:58] <wrbtrader> Emini RTY finally moving hard
[15:48:19] <werner1> Shorts Emini NQ @ 6493.75
[15:48:24] <wrbtrader> RTY just strange this year of 2017
[15:48:39] <wrbtrader> Its like its on another exchange and not the CME
[15:48:49] <werner1> Covered all Emini NQ Short @ 6492.75 --> + 1
[15:49:08] <werner1> yeah indd
[15:53:47] <wrbtrader> not sure why this price action is chopping now
[15:58:12] <wrbtrader> S area @ 2683.50
[15:59:39] <wrbtrader> Emini ES futures now below the S area
[16:01:00] <wrbtrader> WRB pt1 reached
[16:01:20] <wrbtrader> Covered all Emini ES Short @ 2682.50 --> + 2
[16:02:22] <wrbtrader> Almost caught the other S area below that @ 2682.25
[16:02:42] <wrbtrader> Just too slow in trying to grab it
[16:02:54] <wrbtrader> Take care all and see all tomorrow
[16:03:13] <werner1> yeah take care ...cya
[16:04:18] * Retrieving ##TheStrategyLab modes...
[18:08:20] * Disconnected
Session Close: Wed Dec 20 18:08:20 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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