Login    Forum    Search    FAQ



Post new topic Reply to topic Bookmark and Share  [ 1 post ] 
Author Message
 Post subject: May 24th Thursday - Futures, Forex, Stocks and ETF
 Post Posted: Tue May 29, 2018 7:15 am 
Offline
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2663
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:
052418-TheStrategyLab-Chat-Room-Key-Markets.png
052418-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.08 MiB | Viewed 6 times ]

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

Session Start: Thu May 24 09:10:10 2018
Session Ident: ##TheStrategyLab
[09:10:10] * Now talking in ##TheStrategyLab
[09:10:11] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:32:49] <wrbtrader> Long Emini ES @ 2727.50 -> large size
[09:32:59] <wrbtrader> 10 contracts
[09:35:20] <wrbtrader> Exited all Emini ES Long @ 2729.00 --> + 1.5
[09:35:32] <wrbtrader> WRB pt1 reached
[09:51:03] <werner> gm all
[09:54:02] <wrbtrader> nice price drop
[09:54:08] <wrbtrader> with decent volatility
[09:56:45] <wrbtrader> Shorts Emini ES @ 2716.25 -> large size
[09:56:53] <wrbtrader> 10 contracts
[09:57:23] <wrbtrader> Covered all Emini ES Short @ 2716.00 --> + 0.25
[09:57:34] <wrbtrader> exit error
[09:57:46] <wrbtrader> Shorts Emini ES @ 2716.00 -> large size
[09:57:56] <wrbtrader> re-entry 10 contracts
[09:58:55] <wrbtrader> prior trade I adjusted the stop to the wrong price :(
[09:59:47] <wrbtrader> Covered all Emini ES Short @ 2715.75 --> + 0.25
[10:00:28] <werner> Shorts Emini NQ @ 6916.00
[10:01:03] <wrbtrader> When I get trades like that...consecutive .25 profit...the price action is contracting and/or choppy
[10:01:50] <wrbtrader> Its trying to find a bottom or legs to stand up on after the big price drop
[10:02:06] <wrbtrader> Shorts Emini ES @ 2716.00 -> large size
[10:02:11] <wrbtrader> re-entry
[10:02:12] <werner> agree
[10:02:56] <wrbtrader> Covered all Emini ES Short @ 2716.75 --> - 0.75
[10:03:13] <werner> Covered all Emini NQ Short @ 6920 --> - 4
[10:05:05] <werner> Long Emini NQ @ 6926.50
[10:05:26] <werner> Exited all Emini NQ Long @ 6933.50 --> + 7
[10:09:59] <wrbtrader> Shorts Emini ES @ 2719.50 -> large size
[10:10:05] <wrbtrader> 10 contracts
[10:10:46] <wrbtrader> Covered all Emini ES Short @ 2719.50 --> 0
[10:11:15] <wrbtrader> Shorts Emini ES @ 2719.00 -> large size
[10:11:21] <wrbtrader> re-entry
[10:11:28] <wrbtrader> 10 contracts
[10:12:16] <wrbtrader> Covered all Emini ES Short @ 2718.50 --> + 0.5
[10:12:20] <wrbtrader> shallow WRB pt1 reached
[10:12:47] <wrbtrader> still contraction in the volatility...WRB pt1 are small or very quick to show
[10:13:23] <werner> Long Emini NQ @ 6933.50
[10:14:04] <wrbtrader> Shorts Emini ES @ 2719.25 -> large size
[10:14:20] <wrbtrader> re-entry back into the contracting volatility and chop
[10:15:02] <werner> Exited all Emini NQ Long @ 6929.50 --> - 4
[10:15:12] <wrbtrader> WRB pt1 reached
[10:15:53] <wrbtrader> Covered all Emini ES Short @ 2717.75 --> + 1.5
[10:16:02] <wrbtrader> shaken out again...
[10:16:30] <wrbtrader> Emini ES futures should have broke down when it dropped below the S area of the contracting intervals
[10:16:37] <wrbtrader> It did not and held up :(
[10:17:58] <werner> at chop zone now imo
[10:20:24] <wrbtrader> Shorts Emini ES @ 2715.50 -> large size
[10:20:36] <wrbtrader> 10 contracts
[10:21:15] <wrbtrader> Covered all Emini ES Short @ 2716.00 --> - 0.5
[10:21:39] <wrbtrader> Shorts Emini ES @ 2716.00 -> large size
[10:21:46] <wrbtrader> re-entry
[10:22:33] <wrbtrader> Covered all Emini ES Short @ 2716.00 --> 0
[10:34:14] <wrbtrader> Long Emini ES @ 2711.00 -> large size
[10:35:30] <wrbtrader> Exited all Emini ES Long @ 2711.25 --> + 0.25
[10:35:56] <wrbtrader> entry error...got lucky to escape with a tiny profit
[10:36:19] <wrbtrader> That's the 3rd order error I've made today :(
[10:36:32] <wrbtrader> mentally distracted from yesterday
[10:43:39] <wrbtrader> Shorts Emini ES @ 2714.50 -> large size
[10:43:46] <wrbtrader> 10 contracts
[10:44:27] <wrbtrader> WRB pt1 reached (shallow)
[10:45:39] <wrbtrader> Covered all Emini ES Short @ 2713.00 --> + 1.5
[10:46:00] <wrbtrader> there's the strange contraction again after a small WRB pt1
[10:46:32] <wrbtrader> I've been seeing strange price action behavior since last Thursday
[10:47:43] <wrbtrader> Shorts Emini ES @ 2711.75 -> large size
[10:48:41] <wrbtrader> Actually...since the FOMC Announcement
[10:49:00] <wrbtrader> Eminis retesting their most recent reaction lows
[10:49:17] <wrbtrader> Covered all Emini ES Short @ 2711.00 --> + 0.75
[10:49:27] <wrbtrader> not a WRB pt1
[10:50:09] <wrbtrader> Exited due to the current strange price action involving retracement attempts back upwards after contracting volatility or after shallow WRB pt1 are reached
[10:54:27] <wrbtrader> Shorts Emini ES @ 2711.00 -> large size
[10:54:55] <wrbtrader> Emini futures trying hard to push through the range of its most recent Long Lower Shadow interval
[10:55:21] <wrbtrader> Emini futures now below the S area of those Long Lower Shadow intervals
[10:55:46] <wrbtrader> WRB pt1 reached
[10:55:57] <wrbtrader> on increasing volatlilty out of nowhere
[10:55:59] <werner> mist it :(
[10:56:17] <wrbtrader> Covered all Emini ES Short @ 2707.25 --> + 3.75
[10:57:16] <wrbtrader> I was a little better prepare for that Short after the many strange price behavior retracements showing up just prior to a sudden price drop
[10:58:04] <wrbtrader> smells like big boy manipulation eventhough the Emini futures are highly liquid
[11:00:40] <wrbtrader> Shorts Emini ES @ 2707.00 -> large size
[11:00:47] <wrbtrader> 10 contracts
[11:01:25] <wrbtrader> Covered all Emini ES Short @ 2708.00 --> - 1
[11:01:46] <wrbtrader> Emini ES & YM pushing through the Long Lower Shadow and then did a sudden snapback UP out of nowhere
[11:02:16] <wrbtrader> Long Emini ES @ 2708.75 -> large size
[11:02:23] <wrbtrader> 10 contracts
[11:02:40] <wrbtrader> intuition trade...no TA...just experience
[11:04:50] <wrbtrader> Exited all Emini ES Long @ 2711.25 --> + 2.5
[11:04:53] <wrbtrader> WRB pt1 reached
[11:05:03] <wrbtrader> Squirrely price action today
[11:05:52] <wrbtrader> VIX not reacting much to it too...its around 13.77
[11:06:40] <wrbtrader> If it doesn't close near 15 by 12noon est...this price action was manipulated today.
[11:07:44] <werner> :(
[11:07:52] <wrbtrader> This is where my lack of knowleged about Options on the S&P 500 would be helpful if I understood it more
[11:28:52] <wrbtrader> Now some calm in the markets...something (news related) shook up the market but I'm glad the calmness has returned.
[11:29:11] <wrbtrader> Yet, don't want to much calm to prevent contracting volatility
[11:39:15] <werner> Shorts Emini NQ @ 6917.25
[11:39:54] <werner> Covered all Emini NQ Short @ 6914.25 --> + 3
[11:45:26] <werner> Long Emini NQ @ 6922.75
[11:45:52] <werner> Exited all Emini NQ Long @ 6925.50 --> + 2.75
[11:46:04] <werner> @wrb pt1
[12:07:06] <wrbtrader> President Trump speaking on TV...many (not all) of the major financial networks following his speech
[12:07:46] <wrbtrader> markets usually contract in volatility during these types of speeches
[12:24:01] <wrbtrader> Long Emini ES @ 2723.00 -> small size
[12:24:06] <wrbtrader> 3 contracts
[12:25:51] <wrbtrader> Exited all Emini ES Long @ 2723.25 --> + 0.25
[12:26:14] <wrbtrader> :(
[12:27:26] <wrbtrader> Take care all...I'm done for the day...mentally exhausted after problems with relatives yesterday...I can see it in my trading today
[12:27:34] <wrbtrader> see all tomorrow
[12:28:11] <werner> cya :)
Session Close: Thu May 24 14:15:29 2018


Top 
 Profile E-mail  
 
Display posts from previous:  Sort by  
 
Post new topic Reply to topic Bookmark and Share  [ 1 post ] 


Who is online

Users browsing this forum: No registered users and 2 guests

 
 

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr