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 Post subject: April 24th Tuesday - Futures, Forex, Stocks and ETF
 Post Posted: Tue Apr 24, 2018 10:02 pm 
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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 use the free chat room as a trade journal of your trades via you posting WRB Analysis of the price action you see on your monitors, posting price action analysis, ask real-time questions about WRB Analysis or posting 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 their 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 their trade methods to improve the performance of their trade methods regardless if they'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.

With that said, thanks for reviewing (reading) the below timestamped trades, price action analysis or market commentaries 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:
042418-TheStrategyLab-Chat-Room-Key-Markets.png
042418-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.09 MiB | Viewed 239 times ]

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

[09:30:03] * Now talking in ##TheStrategyLab
[09:30:03] -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
[09:30:03] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:26] <wrbtrader> Good morning all
[09:34:01] <wrbtrader> Shorts Emini ES @ 2680.50 -> large size
[09:34:08] <wrbtrader> 10 contracts
[09:35:27] <wrbtrader> Covered all Emini ES Short @ 2678.75 --> + 1.75
[09:35:38] <wrbtrader> WRB pt1 reached
[09:36:04] <wrbtrader> Shorts Emini ES @ 2677.75 -> medium size
[09:36:06] <wrbtrader> 5 contracts
[09:36:16] <wrbtrader> re-entry
[09:36:49] <wrbtrader> Covered all Emini ES Short @ 2678.25 --> - 0.5
[09:37:30] <Tigerman______> gm all
[09:37:46] <Tigerman______> YM stronger today
[09:38:15] <Tigerman______> price sell off inside today gap
[09:42:47] <wrbtrader> This is starting to feel like the chop we saw for while yesterday
[09:43:32] <wrbtrader> First day it catches us offguard...the 2nd day we're better at avoiding it :)
[09:45:12] <Tigerman______> yeah.. what helps here is look close at sync in various markets
[09:45:36] <Tigerman______> when off sync make me very suspicious
[09:45:49] <Tigerman______> also VIX low
[09:46:33] <wrbtrader> Emini ES futures retesting that prior contracting volatility that I had shorted too late
[09:47:22] <wrbtrader> Long Emini ES @ 2683.00 -> medium size
[09:47:28] <wrbtrader> 5 contracts
[09:48:42] <wrbtrader> Exited all Emini ES Long @ 2682.75 --> - 0.25
[09:49:27] <wrbtrader> Shorts Emini ES @ 2681.50 -> large size
[09:49:33] <wrbtrader> 10 contracts
[09:50:58] <wrbtrader> Covered all Emini ES Short @ 2678.00 --> + 3.5
[09:51:06] <wrbtrader> WRB pt1 reached
[09:51:41] <wrbtrader> glad I didn't hang around in that losing Long position too long
[09:52:30] <wrbtrader> most recent reaction low acting like a Support area
[09:52:53] <Tigerman______> yes usually I prefer dump a loss
[09:52:55] <Tigerman______> faster
[09:53:51] <Tigerman______> I did a short here just to see it was not proper set in my platform
[09:54:07] <Tigerman______> I re did the order ... just at worts price :(
[09:54:23] <Tigerman______> profit at the end
[09:54:30] <wrbtrader> Shorts Emini ES @ 2676.25 -> medium size
[09:54:41] <Tigerman______> just we know real trading is not like paper :(
[09:54:46] <wrbtrader> 5 contracts
[09:54:53] <wrbtrader> position size error
[09:55:09] <wrbtrader> should have been large size on the increasing volatility here in the morning
[09:55:47] <wrbtrader> Covered all Emini ES Short @ 2673.25 --> + 3
[09:55:56] <wrbtrader> WRB pt1 reached
[09:56:29] <wrbtrader> Its not often contracting volatility can setup trades like that
[09:57:31] <wrbtrader> Pending 1000am KME
[09:58:09] <wrbtrader> Consume Confidence report & New Home Sales & Richmond Manufacturing Index
[09:59:55] <wrbtrader> some idiot sent me an email that the trades & commentary in here by you guys are all via ONE person only
[10:00:14] <wrbtrader> He said its a scam
[10:00:17] <wrbtrader> :)
[10:02:27] <wrbtrader> The different posting habits by each of us...not even possible to be by the same person
[10:02:27] <Tigerman______> maybe bacause we all think like one a trinity :)
[10:03:36] <Tigerman______> regardless... that e-mail is useless... point is learn trading not criticize
[10:04:02] <wrbtrader> Last time I got any email like that was back in 2006 when we had +30 members all actively posting trades alone
[10:05:11] <wrbtrader> That email represents that type of trolls I do not want in here and work hard at keeping from joining.
[10:06:05] <wrbtrader> Those types of trolls...join but will not post a single trade nor will they post about whatever they see in the price action in their monitors.
[10:06:17] <wrbtrader> They offer nothing...reason why I don't want them in here
[10:06:57] <Tigerman______> yep agreed
[10:16:27] <wrbtrader> Funny thing is that the trolling began back in early 2008 when I started password protecting the chat room and started banning people from the chat room when they were harassing other members or putting down others that posted trades or broker statements
[10:17:34] <wrbtrader> So far to date, out of +40 trolls...only one troll posted his/her trades here in the chat roo...that was a guy name szubaark
[10:18:18] <wrbtrader> Shorts Emini ES @ 2673.25 -> large size
[10:18:29] <wrbtrader> 10 contracts
[10:18:38] <wrbtrader> inside the range of a Long Lower Shadow interval
[10:19:02] <wrbtrader> volatility now trying to contract
[10:19:27] <wrbtrader> Covered all Emini ES Short @ 2673.00 --> + 0.25
[10:19:39] <wrbtrader> pick pocketed :(
[10:21:24] <wrbtrader> long upper shadow interval
[10:21:34] <wrbtrader> sneaky price action now near this S area
[10:21:40] <wrbtrader> Shorts Emini ES @ 2672.50 -> large size
[10:21:55] <wrbtrader> 10 contracts
[10:22:31] <wrbtrader> WRB pt1 reached on increasing volatility
[10:23:27] <wrbtrader> Covered all Emini ES Short @ 2668.75 --> + 3.75
[10:23:59] <wrbtrader> Didn't get mixed up with the position size management on that trade
[10:28:24] <wrbtrader> counter-thrust attempt by the Emini futures as they try to find some legs to stand up on
[10:29:13] <Tigerman______> yep it is where pace slow down in this case and shorter again here is too risky
[10:32:49] <wrbtrader> Earlier I mention one of my shorts involved a Long Lower Shadow interval from a reaction low...
[10:33:15] <wrbtrader> Looking at my other data provider...the data does not correlate :(
[10:34:03] <wrbtrader> Anyways...good trade eventhough the two different data providers are not the same about the Long Lower Shadow interval at that particular reaction low
[10:34:44] <wrbtrader> Gotta mention that here in my logs just in case I'm reviewing the charts I've downloaded at a later date
[10:48:28] <werner> hi all
[10:48:40] <wrbtrader> Hi werner
[10:49:02] <wrbtrader> werner...where you located at (Germany) ?
[10:49:35] <werner> no netherland
[10:49:44] <wrbtrader> Ahhh...that's right
[10:50:35] <wrbtrader> You've missed some good price action but now the contraction has shown up
[10:50:58] <wrbtrader> Yet, the volatility is starting to slowly increase again
[10:50:59] <werner> yeah i see:(
[10:52:49] <wrbtrader> Shorts Emini ES @ 2673.00 -> small size
[10:52:55] <wrbtrader> 3 contracts
[10:53:06] <wrbtrader> high risk trade
[10:53:30] <wrbtrader> I won't hang around too long
[10:54:03] <wrbtrader> Covered all Emini ES Short @ 2673.25 --> - 0.25
[10:54:20] <wrbtrader> Shorts Emini ES @ 2673.50 -> small size
[10:54:26] <wrbtrader> 3 contracts
[10:54:29] <wrbtrader> re-entry
[10:55:00] <wrbtrader> I suspected I would need to try several times to short this area a few times
[10:55:08] <wrbtrader> WRB pt1 reached
[10:55:44] <wrbtrader> Covered all Emini ES Short @ 2670.75 --> + 2.75
[10:57:21] <wrbtrader> snapback
[10:58:10] <wrbtrader> chopped back down
[10:58:20] <werner> yep
[10:58:57] <wrbtrader> Shorts Emini ES @ 2670.50 -> small size
[10:59:04] <wrbtrader> 3 contracts
[11:00:16] <wrbtrader> Covered all Emini ES Short @ 2667.75 --> + 2.75
[11:00:23] <wrbtrader> WRB pt1 reached
[11:18:20] <wrbtrader> Shorts Emini ES @ 2662.25 -> small size
[11:18:26] <wrbtrader> 1 contract
[11:19:46] <wrbtrader> Covered Emini ES Short @ 2662.00 --> + 0.25
[11:23:20] <wrbtrader> That's the 2nd trade today that I got out and then a nasty snapback showed up
[11:23:56] <wrbtrader> Trades like that makes me wonder how bad my performance stats would be if I wasn't using stops or trailing stops
[11:24:42] <wrbtrader> I know there's people out there preaching / advocating NOT to use stops or trail stops...
[11:24:56] <wrbtrader> I did stats once about 5 years ago...
[11:25:10] <wrbtrader> I would have a losing month almost every month if I did that
[11:25:20] <Tigerman______> wrbtrader sometimes the snapback is so fast I cant move my stop so fast and minimize loss
[11:26:10] <Tigerman______> like move my hard stop -2pt ES near entry
[11:26:16] <wrbtrader> Are you waiting until the snapback starts to try to move your stop into a protective trail stop ???
[11:27:16] <wrbtrader> I don't wait for snapback to start...I have a routine (habit) of immediately trailing my stop after entry...in comparison to the auto stop on entry
[11:27:56] <Tigerman______> yes ..just not every time
[11:29:30] <Tigerman______> I mean price starts to move in my favor via few ticks ...then that nasty snapback spike up against me :8
[11:32:27] <wrbtrader> Ahhh...ok
[11:33:03] <wrbtrader> Shorts Emini ES @ 2667.75 -> small size
[11:33:12] <wrbtrader> 1 contract
[11:33:27] <wrbtrader> Covered Emini ES Short @ 2667.50 --> + 0.25
[11:33:43] <wrbtrader> trade entry...dumped it as soon as I realized my mistake
[11:40:46] <werner> Long Emini NQ @ 6601.00
[11:41:02] <werner> Exited all Emini NQ Long @ 6607.00 --> + 6
[11:58:57] <werner> Shorts Emini NQ @ 6585.00
[11:59:18] <werner> Covered all Emini NQ Short @ 6582.00 --> + 3
[12:00:21] <Tigerman______> take care all
[12:00:28] <wrbtrader> Light Crude Oil CL futures stabilizing...building a base now
[12:05:48] <wrbtrader> Long Emini ES @ 2663.25 -> small size
[12:05:56] <wrbtrader> 1 contract
[12:06:45] <wrbtrader> Exited Emini ES Long @ 2662.50 --> - 0.75
[12:07:50] <wrbtrader> Shorts Emini ES @ 2661.25 -> small size
[12:07:57] <wrbtrader> 3 contracts
[12:10:07] <wrbtrader> Covered all Emini ES Short @ 2659.75 --> + 1.5
[12:10:17] <wrbtrader> 3 contracts
[12:10:27] <wrbtrader> covered all
[12:12:44] <wrbtrader> Shorts Emini ES @ 2660.75 -> small size
[12:12:55] <werner> Long Emini NQ @ 6580.00
[12:12:55] <wrbtrader> 1 contract
[12:13:19] <wrbtrader> I'm having some problems with my analysis in this price area
[12:13:41] <wrbtrader> I think the Emini's are reacting a little to the Crude Oil CL futures
[12:13:57] <werner> ok
[12:14:29] <werner> Exited all Emini NQ Long @ 7576.50 --> + 996.5
[12:14:52] <werner> Exited all Emini NQ Long @ 6576.50 --> - 3.5
[12:16:01] <wrbtrader> Covered Emini ES Short @ 2557.00 --> + 103.75
[12:16:11] <wrbtrader> correction..
[12:16:34] <wrbtrader> Covered Emini ES Short @ 2657.00 --> + 3.75
[12:16:56] <wrbtrader> WRB pt1 reached
[12:18:30] <wrbtrader> Shorts Emini ES @ 2652.50 -> small size
[12:18:32] <wrbtrader> 1 contract
[12:18:36] <wrbtrader> re-entry
[12:18:51] <wrbtrader> chasing a WRB pt2 from the prior trade
[12:19:05] <wrbtrader> :(
[12:19:18] <werner> bbl :)
[12:19:42] <wrbtrader> Covered Emini ES Short @ 2652.00 --> + 0.5
[12:24:10] <wrbtrader> Long Emini ES @ 2655.00 -> small size
[12:24:18] <wrbtrader> 1 contract
[12:24:35] <wrbtrader> near the S area of the most recent Down WRB Hidden GAP interval
[12:25:37] <wrbtrader> Exited Emini ES Long @ 2654.75 --> - 0.25
[12:27:58] <wrbtrader> Take care all and see all tomorrow
[16:26:49] * Disconnected

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

##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

Rebuttal to Mr. Emmett Moore via TheStrategyLab.com Review @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167

The Strategy Lab: Valforex - The Manipulative Review Scam @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3676

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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