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 Post subject: February 2nd Friday - Futures, Forex, Stocks and ETF
 Post Posted: Sun Feb 04, 2018 12:55 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
TheStrategyLab 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/tsl/forum/viewtopic.php?f=84&t=3167 & 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:
020218-Key-Markets.png
020218-Key-Markets.png [ 428.05 KiB | Viewed 255 times ]

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

##TheStrategyLab Archive Chat Logs

Session Start: Fri Feb 02 09:44:28 2018
Session Ident: ##TheStrategyLab
[09:44] * Now talking in ##TheStrategyLab
[09:44] -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
[09:44] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:44] <wrbtrader> Good morning...having some problems with mIRC on the new computers :(
[09:45] <Tigerman______> gm all
[09:45] <Tigerman______> hi wrbtrader... take care this morning I got a VIRUS via Trillian!!!!
[09:46] <wrbtrader> Trillian gave you a virus...wow
[09:46] <Tigerman______> reason I never use my main trading Pc to chat
[09:46] <Tigerman______> yeah hopefully I upgraded yesterday my anti-virus
[09:47] <wrbtrader> I have the chat room like you...on a different computer
[09:47] <wrbtrader> Yet, on the same internet connection
[09:48] <wrbtrader> In the past, I had the chat room on my backup ISP.
[09:48] <wrbtrader> Now I only have one ISP but a different cell phone provider
[09:49] <Tigerman______> yeah.. I tested long ago Pc on same router ...usually they are shilded
[09:49] <wrbtrader> Thus, sometimes I put the chat room on my personal hotspot of my cell phone especially when I'm mobile
[10:09] <Tigerman______> meanwhile I already did dozen of shorts ... :)
[10:09] <Tigerman______> becamed upset after first losses
[10:09] <Tigerman______> I Hate when fast spike retrace against me :(
[10:10] <Tigerman______> need recup that with dozen of trades after that
[10:10] <wrbtrader> You got to make sure the stop/loss protection is in place
[10:10] <Tigerman______> absolutly
[10:11] <Tigerman______> when no strong clear action 1 higher chart I kick with fast trades
[10:11] <wrbtrader> A lot of mistakes are made there...I see people place trades...then sit there for a minute or two minutes watching the price action PRIOR to putting a stop in place
[10:12] <Tigerman______> oh...
[10:12] <wrbtrader> That's dangerous just in case one of those crazy news breaking spikes show up
[10:12] <Tigerman______> in 2 min I do aready some trades
[10:13] <Tigerman______> I usually I put a stop tied with my order .. or 1sec after entry
[10:13] <Tigerman______> depend on platform
[10:13] <wrbtrader> Best to use an auto stop/loss that instantly goes in upon entry...
[10:14] <Tigerman______> yeah best option
[10:14] <wrbtrader> Then after entry...adjust the stop to the appropriate location
[10:14] <Tigerman______> just some platform complicated that
[10:14] <Tigerman______> x example
[10:15] <Tigerman______> i use 3 contracts entry so auto stop is 3 contracts
[10:15] <Tigerman______> then I scale out
[10:15] <Tigerman______> some platform nasty on that
[10:16] <Tigerman______> and after exit with 2 pz they left still 3pz stop loss
[10:16] <Tigerman______> so when price hit my stop they open a new position with 2 pz :(
[10:17] <Tigerman______> simply IB broker it a bit tricky on that and modify in manual with that risk
[10:17] <Tigerman______> simply after I re-started trading this yer I have to study better the platform
[10:18] <Tigerman______> i also use another platform i bit complicated with my bank
[10:18] <Tigerman______> maybe one day I ll use TT trader
[10:20] <Trendtrader> short es 2794.50
[10:23] <Tigerman______> bitcoin sell off today
[10:24] <Tigerman______> over 50% off from peak
[10:24] <wrbtrader> crazy
[10:24] <Tigerman______> from 20K top
[10:24] <wrbtrader> How do they short it ?
[10:25] <Tigerman______> wrbtrader ... curiosly when cboe cme introduce future on bitcoin ... it was downhill from that
[10:25] <Tigerman______> easy money for some
[10:26] <Tigerman______> also many asian panic and sell their stake
[10:26] <Tigerman______> plus we are near tet chinese new year
[10:26] <wrbtrader> Many predicted that because then real traders had access to something they were negative about it especially those famous financial folks that had very deep pockets
[10:27] <wrbtrader> Emini ES futures stuck inside the range of its most recent Down WRB Hidden GAP interval
[10:27] <Tigerman______> issue is bitcoin no so liquid like es or nq
[10:27] <wrbtrader> Its now moved up towards the R area
[10:28] <wrbtrader> When traditional brokers start offering trading vehicles in Bitcoins...
[10:28] <wrbtrader> That's when it will plunge...making current decline look like nothing
[10:29] <Tigerman______> yeah seems a nice idea short it
[10:30] <Tigerman______> just keep it overnight not very comfortable in a crazy volatilie instruments like that
[10:38] <wrbtrader> Emini ES futures now above the earlier mentioned R area
[10:39] <Trendtrader> exit es 2800 -5.5
[10:47] <wrbtrader> I'm having problems loading all the auto scripts I use on mIRC :(
[10:47] <wrbtrader> issue with windows 10
[11:26] <wrbtrader> Emini ES futures was briefly above that R area and has dropped back into the range of that big Down WRB Hidden GAP interval
[11:27] <wrbtrader> not doing much in reference to trade opportunities
[11:28] <werner> gm all
[11:30] <werner> lol ....target h&s 6800 hit
[11:30] <werner> nq
[11:31] <Tigerman______> hi werner
[11:32] <werner> hi tigerman
[11:32] <Tigerman______> price just congesting in ES after 1120 am
[11:32] <werner> yep
[11:34] <Tigerman______> need brek under 2793 es
[11:36] <werner> Shorts Emini NQ @ 6835.50
[11:38] <werner> Covered all Emini NQ Short @ 6836.00 --> - 0.5
[11:38] <werner> sorry
[11:39] <werner> Covered all Emini NQ Short @ 6833.00 --> + 2.5
[11:39] <werner> diner ...bbl
[11:42] <Tigerman______> today my comm around 60-70% of gain
[11:42] <Tigerman______> yeah not easy scalp expecially with tis low vola
[12:01] <Tigerman______> take care all have a safe weekend see all next week
[12:01] <werner> cya
[12:02] <wrbtrader> bye
[13:29] <werner> mist the short @ 6833 :(
[13:36] <wrbtrader> It is starting to seem like the volatility from the U.S. government shutdown is slowly going back to the prior crappy volatility
[13:37] <werner> vix at 15.24
[13:38] <werner> is not so bad i think
[13:39] <werner> and my atr 1 min 4.5...i have seen worse :)
[14:19] <werner> Shorts Emini NQ @ 6808.75
[14:20] <werner> Covered all Emini NQ Short @ 6805.75 --> + 3
[14:20] <werner> nq at intraday low
[14:31] <werner> djeez nq ..wil not sell
[14:32] <werner> lucky me to wait for a good sell signal
[14:40] <wrbtrader> I liked that Short you took...was it cover at a WRB pt1 ?
[14:42] <werner> yes
[14:49] <werner> i try to take safer entrys ...so i get less entrys in a day ...but safer ones:)
[14:59] <werner> Shorts Emini NQ @ 6796.50
[14:59] <werner> Covered all Emini NQ Short @ 6791.00 --> + 5.5
[15:00] <werner> @wrb pt1
[15:17] <werner> i am done ....i take a rest ...nice weekend ...see you all next week
[15:45] <wrbtrader> Take care
[16:11] <wrbtrader> No trades today for me...just study to markets to prepare for my first trading day on Monday after disconnecting during the vacation
[16:11] <wrbtrader> Take care and see all on Monday
[17:55] * Disconnected
Session Close: Fri Feb 02 17:55:10 2018

-------------------------

##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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