##TheStrategyLab Price Action Chat Room Logs

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
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##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


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

[09:30:37] * Now talking in ##TheStrategyLab
[09:31:06] <wrbtrader> Good morning all...had some computer problems...one of my monitors didn't boot up.
[09:31:19] <wrbtrader> I think one of the kids had unplugged it
[09:34:16] <Trendtrader> long 2744.50 es sim
[09:35:13] <Tigerman______> all
[09:35:32] <Tigerman______> sh dax 12353.5
[09:35:59] <Tigerman______> exit 2/3 @ 348.5 +4p
[09:36:01] <wrbtrader> Shorts Emini ES @ 2743.00 -> large size
[09:36:11] <wrbtrader> 10 contracts
[09:36:35] <wrbtrader> trade error but I'm going to keep this trade
[09:37:40] <wrbtrader> Covered all Emini ES Short @ 2741.75 --> + 1.25
[09:37:49] <wrbtrader> trail pick pocketed
[09:38:05] <Tigerman______> exit all 1/3 @ 45.5 +8p
[09:38:16] <wrbtrader> Don't like starting my day with a lucky trade that was a trade error
[09:38:34] <Tigerman______> wrbtrader .. I m wondering theses days how improve on my trails
[09:38:59] <Tigerman______> I mean sometimes I NO trail to avoid the fast snapback
[09:39:16] <Tigerman______> so it cause me re-Enter at a worst price
[09:39:27] <wrbtrader> I'm trigger happy...I start to tighten it as soon as it gets 1 point
[09:39:50] <wrbtrader> I'll then tighten it one more tick for each additional +0.50 points
[09:40:01] <Tigerman______> yeah the flow not to trail is a big loss can occurs
[09:41:32] <Tigerman______> sh dax 12324.5
[09:41:37] <Trendtrader> exit 1/2 2738 -6.5 sim
[09:41:45] <wrbtrader> Shorts Emini ES @ 2738.50 -> large size
[09:41:55] <wrbtrader> 5+5 contracts
[09:41:59] <Tigerman______> exit 2/3 @ 23.5 +1
[09:42:34] <Tigerman______> exit all @ 22.5 +2
[09:42:43] <Trendtrader> exit remainder es 2737.25 -7.25 sim
[09:43:03] <Tigerman______> lg dax 12325
[09:43:26] <Tigerman______> exit 1/2 @ 28.5 +3.5
[09:43:53] <wrbtrader> Covered all Emini ES Short @ 2736.25 --> + 2.25
[09:44:03] <wrbtrader> not a WRB exit
[09:44:30] <Trendtrader> wrb, question for you regarding your exit comment...
[09:44:35] <Tigerman______> exit 1/4 @ 37.5 +12.5
[09:45:21] <wrbtrader> ok
[09:45:57] <Trendtrader> you tighten your stop once your profit gets to 1pt, to BE? How close do you get to price?
[09:46:00] <Tigerman______> exit all @ 332 +7p
[09:47:14] <Tigerman______> ES and us futures aroun early June
[09:47:29] <Tigerman______> a big sell off around trade war
[09:48:25] <wrbtrader> Initial stop is -2 points but as soon as it goes to 1 point...I adjust the stop to BE but as soon as it goes to +1.50...I trail at profit...randomly or via a WRB or WRB Hidden GAP S/R area
[09:48:29] <Tigerman______> lg dax 12327.5
[09:48:37] <Tigerman______> support dax
[09:48:39] <wrbtrader> I try some different for the price action
[09:48:47] <Trendtrader> I'm working on this myself and I find it is difficult to have a tight stop and not get stopped out when looking for a larger profit.
[09:48:59] <wrbtrader> What I do today is "a little" different than tomorrow
[09:49:06] <Tigerman______> add dax 325
[09:50:03] <wrbtrader> I rarely let stops get hit...usually I have itchy trigger finger and will exit the trade before a initial stop or trail stop are hit
[09:50:21] <Tigerman______> exit 1/2 @ 330 +2.5 first entry + 5p 2nd
[09:50:21] <wrbtrader> I hate it when I place a stop or adjust a stop and it get hits
[09:50:56] <Tigerman______> exit all rem @ 12330 same before
[09:51:01] <Trendtrader> I find unless price really takes off and doesn't retest the entry I'm more likely to get pickpocketed when looking for a larger profit.
[09:51:24] <wrbtrader> I watch the volatility
[09:51:43] <wrbtrader> If it jumps or is moving higher...I tend to hold a trade longer if its profitable
[09:51:53] <Trendtrader> So you mean you exit with your target order with your "itchy finger" so your stop doesn't get hit?
[09:52:11] <Trendtrader> Or the exit button on your platform?
[09:52:20] <Tigerman______> lg dax 12329
[09:52:32] <wrbtrader> I'll market out (itchy finger)
[09:53:00] <Trendtrader> gotcha, thanks.
[09:53:07] <Tigerman______> exit 1/2 @ 33 +4
[09:53:18] <wrbtrader> If its an early exit...I have no fear in jumping right back in
[09:53:26] <Tigerman______> exit 1/4 @ 38 +9
[09:53:59] <Tigerman______> exit all @ 42 +13
[09:55:18] <wrbtrader> More World Cup soccer games today
[09:55:39] <wrbtrader> I'm trying very had to not be distracted since the World Cup started...
[09:55:50] <wrbtrader> It has impacted my trading
[09:56:03] <Trendtrader> When you jump back in do you find snapbacks occur more often on your 2pt stop?
[09:56:18] <wrbtrader> I have an excellent recorder but still can't resist from just watching it live
[09:56:33] <Trendtrader> soccer a bit of a distraction?
[09:56:57] <wrbtrader> No...snapbacks don't occur more often because I only jump back in on "increasing volatility"
[09:57:09] <Tigerman______> lg dax 12326.5
[09:57:17] <wrbtrader> Snapbacks usually occur in that strange choppy volatility
[09:57:35] <Trendtrader> ah, so they are usually trades that are quickly 'going your way'
[09:57:52] <wrbtrader> Volatility that suddenly dries up and then suddenly pops again...no steady flow...just jumping around
[09:57:58] <Tigerman______> exit 2/3 @ 331 +4.5
[09:58:05] <wrbtrader> Yes...quickly going my way
[09:58:25] <wrbtrader> Usually I don't have around too long in those "jump back in" types of trades
[09:58:43] <Tigerman______> exit 1/4 @ 31.5 +5
[09:59:05] <Tigerman______> mostly my trades on countertrend
[09:59:32] <wrbtrader> I try hard to avoid as many "counter-trend" trades as possible
[09:59:56] <wrbtrader> Shorts Emini ES @ 2730.25 -> large size
[10:00:04] <wrbtrader> 10 contracts
[10:00:14] <Trendtrader> thanks!
[10:00:34] <wrbtrader> wow...messed that one up
[10:01:03] <Tigerman______> sh bund 162.18
[10:01:08] <Tigerman______> small
[10:01:17] <wrbtrader> Covered all Emini ES Short @ 2731.00 --> - 0.75
[10:01:39] <Tigerman______> lg dax 12327
[10:02:07] <wrbtrader> Shorts Emini ES @ 2729.00 -> large size
[10:02:10] <wrbtrader> 10 contracts
[10:02:13] <wrbtrader> re-entry
[10:02:26] <Tigerman______> exit all @ 21 -6p
[10:02:26] <wrbtrader> poor trade management on the prior losing trade
[10:02:36] <wrbtrader> in trouble on the current one too
[10:02:45] <Tigerman______> sh dax 12316
[10:03:35] <Trendtrader> going your way now.
[10:03:37] <Tigerman______> exit 1/2 310 +6
[10:04:40] <Tigerman______> exit 1/4 @ 12 +4
[10:05:03] <Tigerman______> exit all @ 16 +0
[10:05:10] <Tigerman______> lg 12315
[10:05:19] <wrbtrader> WRB pt1 reached and volatility starting to get a little choppy
[10:05:22] <Tigerman______> 316 really
[10:05:38] <wrbtrader> Yet, its still itching its way higher on the chop
[10:05:49] <Tigerman______> exit all @ 15 -1
[10:05:58] <wrbtrader> Covered all Emini ES Short @ 2724.75 --> + 4.25
[10:06:05] <wrbtrader> WRB pt1 reached
[10:06:10] <Trendtrader> nice one!
[10:07:15] <wrbtrader> A little more patience on that one in comparison to the tricky happy finger on the prior losing trade in which I just dumped
[10:08:23] <Trendtrader> I noticed that because you held through a small pullback.
[10:09:06] <Trendtrader> Not sure which chart you based your entry on, so it may have been intrabar, depending.
[10:09:45] <Tigerman______> exit all bund @ 162.20 -2 p
[10:10:53] <wrbtrader> Eminis trying a bounce in an aerea it shouldn't be doing such
[10:10:57] <wrbtrader> interesting
[10:11:20] <wrbtrader> Shorts Emini ES @ 2725.25 -> large size
[10:11:26] <wrbtrader> 10 contracts
[10:11:29] <wrbtrader> intuition trade
[10:12:12] <Tigerman______> lg dax 18.5
[10:12:32] <Tigerman______> exit 2/3 @ 24.5 +6
[10:12:39] <wrbtrader> Covered all Emini ES Short @ 2725.50 --> - 0.25
[10:13:16] <wrbtrader> Just a few more ticks lower and it would have reached a WRB pt1 but it started to snapback up
[10:13:29] <Tigerman______> exit all @ 30.5 +12
[10:13:46] <wrbtrader> Shorts Emini ES @ 2724.25 -> large size
[10:13:53] <wrbtrader> re-entry
[10:14:00] <wrbtrader> gotta be careful here
[10:14:10] <wrbtrader> price action getting a little more jumpy
[10:14:35] <ksch_> all
[10:15:02] <Trendtrader> ksch
[10:15:17] <Tigerman______>
[10:15:45] <wrbtrader> Covered all Emini ES Short @ 2723.00 --> + 1.25
[10:15:57] <ksch_> , am looking at your dax, seems to be touching a h1 and h4 zone
[10:15:58] <wrbtrader> trail hit
[10:16:47] <Trendtrader> probably a good thing. lots of overlapping bars on the 1min
[10:18:33] <ksch_> am just looking for some basis for long on m1 but who knows, maybe it will take a final strong dip down before going up
[10:19:25] <Tigerman______> 16:15:52 <ksch_> , am looking at your dax, seems to be touching a h1 and h4 zone no nothing about that
[10:20:03] <Tigerman______> dax support
[10:20:16] <Tigerman______> lg dax 12313
[10:20:38] <ksch_> is also an unfilled zone too that that s/r point had responded in and never filled
[10:21:39] <Tigerman______> exit 2/3 @15 +2
[10:23:48] <Tigerman______> exit all 1/3 @ 12320 +7
[10:27:26] <Tigerman______> sh dax 12335
[10:28:00] <Tigerman______> exit 1/2 @ 32 +3
[10:28:45] <Tigerman______> exit 1/4 @ 33 +2
[10:29:01] <Tigerman______> exit all @ 25 +0
[10:29:09] <Tigerman______> 35
[10:30:30] <Tigerman______> sh dax 12340
[10:31:29] <Tigerman______> exit 1/2 @ 37.5 +2.5
[10:31:45] <Tigerman______> exit 1/4 @ 37 +3
[10:32:36] <Tigerman______> exit all 1/4 @ 34 + 6 p vola slower
[10:33:20] <ksch_> lng dax cfd 12355
[10:35:10] <Tigerman______> now vola slow down put trades at more risk
[10:37:08] <ksch_> exit 1/2 359
[10:39:27] <Tigerman______> sh dax 12336
[10:39:44] <Tigerman______> exit 2/3 @ 34 +2
[10:40:06] <Tigerman______> exit 1/4 @ 27 +9
[10:40:32] <Tigerman______> exit all 1/4 @ 12326 +10p
[10:41:16] <Tigerman______> noe FDAX range abound it moves higher most recents low
[10:42:28] <ksch_> will keep in my long, just formed a H&S on m1exit 1/2 343, -12
[10:42:36] <ksch_> sorry no exit yet
[10:44:04] <ksch_> yes is range bound, not nice flowing price action
[10:45:32] <Tigerman______> sh dax 12342
[10:45:49] <Tigerman______> exit 1/2 @ 39 +3
[10:46:15] <Tigerman______> exit 174 @ 37 +5
[10:47:35] <Tigerman______> exit all 1/4 @ 12330 +12p
[10:55:08] <ksch_> didn't work out, exit 1.2 12340, -15
[10:59:08] <wrbtrader> Tigerman...when you're trading Eurex DAX futures...you also watching other Eurex futures or Euronext futures ??
[10:59:35] <wrbtrader> So that you'll have an overall view of the markets
[10:59:50] <werner1> Shorts Emini NQ @ 7086.00
[11:00:07] <werner1> Covered all Emini NQ Short @ 7078.50 --> + 7.5
[11:00:20] <werner1> @wrb pt1
[11:00:56] <Tigerman______> hi wrbtrader.... yes I look at may Eurex and xetra stocks
[11:01:03] <ksch_> short dow cfd 24295
[11:01:06] <Tigerman______> may=many
[11:01:50] <Tigerman______> I m going to look also in Euronext ...only...
[11:02:18] <Tigerman______> Cac40 and family seems deleted by Tradestat
[11:02:51] <Tigerman______> tied with London futures so it is another expensive pack to add
[11:03:15] <Tigerman______> I can see cac 40 via others chart vendors
[11:03:34] <Tigerman______> only it give me a messy screen
[11:03:52] <Tigerman______> because it needs more set up
[11:04:17] <Tigerman______> also remember most my trades based on Dome and sales
[11:04:53] <Tigerman______> so my documentation is a nightmare ... it require a ton of work...really a ton !!!
[11:05:41] <wrbtrader> Have you thought about using "audio" ??
[11:06:08] <Tigerman______> audio to auto-coomets mt trades?
[11:06:22] <Tigerman______> as comentary
[11:06:54] <wrbtrader> Yes
[11:06:57] <Tigerman______> I need a ton of dome sales print to document it properly
[11:07:13] <Tigerman______> ah ok yeah it can be a nice idea
[11:07:32] <Tigerman______> seems like that psycoterapy sessions
[11:07:38] <wrbtrader> Instead of writing down the info...you record your audio commentary about each trade details
[11:08:05] <wrbtrader> Exactly, the first time I used audio was when I was in college and trading...
[11:08:10] <Tigerman______> yeah it can be fast ...also it can recors the emotions on my voice
[11:08:18] <wrbtrader> I realized from the audio I didn't really know what I was doing
[11:08:34] <Tigerman______> expecially the bad words......
[11:08:42] <wrbtrader> Something I couldn't see in my written documentations
[11:09:45] <Tigerman______> simply put also a video-camera with a tripod can do the tricks
[11:10:00] <Trendtrader> tiger, another way (although it takes more hard drive space) is using a desktop audio/video recording program like camtasia. They you can see the dom/ts again - have the visual. (I've tried everything over the years.)
[11:10:13] <Tigerman______> I have buy a lot of HD now
[11:10:35] <wrbtrader> I have Camtasia...a memory hog but it works very good
[11:10:45] <Tigerman______> yeah thanks trend camtasia can be a good options
[11:10:53] <Trendtrader> np
[11:11:22] <wrbtrader> To save space with Camtasia...I don't use the audio in my screen recordings
[11:11:27] <ksch_> eurusd lng 1.1687
[11:11:27] <Tigerman______> I m sure few people do what we talk here
[11:11:39] <Tigerman______> as documantation
[11:11:51] <Tigerman______> to much fixated with entry signals
[11:12:23] <Tigerman______> in contrast docs give us good info
[11:12:28] <wrbtrader> Emini futures retracing by upwards...Emini ES futures trying to fill in the most recent Down WRB Hidden GAP interval
[11:13:56] <wrbtrader> Long Emini ES @ 2724.00 -> small size
[11:13:58] <wrbtrader> 1 contract
[11:14:20] <wrbtrader>
[11:14:33] <wrbtrader> Exited Emini ES Long @ 2723.50 --> - 0.5
[11:14:51] <Trendtrader> They do tiger. It wasn't until I started seriously logging that I really understood my own psychology, strengths and weaknesses as a trader and even knew what I should be working on to become a better trader.
[11:15:08] <wrbtrader> Shorts Emini ES @ 2723.25 -> small size
[11:15:10] <wrbtrader> 2 contracts
[11:15:32] <wrbtrader> Covered all Emini ES Short @ 2723.75 --> - 0.5
[11:15:39] <wrbtrader> geesh
[11:16:10] <ksch_> exit eurusd lng 1.1685, -2
[11:16:32] <wrbtrader> Shorts Emini ES @ 2723.00 -> small size
[11:16:35] <wrbtrader> 3 contracts
[11:17:00] <wrbtrader> Covered all Emini ES Short @ 2724.00 --> - 1
[11:17:31] <wrbtrader> Emini ES futures stuck inside the range of the most recent Up WRB Hidden GAP interval
[11:17:46] <wrbtrader> Shorts Emini ES @ 2722.75 -> medium size
[11:17:51] <ksch_> very interesting comments to me tigerman, I need to do the same
[11:17:51] <wrbtrader> 5 contracts
[11:18:13] <wrbtrader> now below the S area of that Up WRB Hidden GAP interval
[11:18:35] <ksch_> sorry I mean trendtrader
[11:18:46] <wrbtrader> It need to drop lower
[11:19:53] <wrbtrader> Covered all Emini ES Short @ 2721.00 --> + 1.75
[11:21:07] <werner1> Shorts Emini NQ @ 7069.75
[11:21:24] <wrbtrader> Shorts Emini ES @ 2719.75 -> medium size
[11:21:27] <wrbtrader> 5 contracts
[11:22:08] <wrbtrader> sneaky price action in Emini NQ futures as it moves down the range of a small contracting volatility interval with a Long Lower Shadow interval
[11:22:35] <wrbtrader> Covered all Emini ES Short @ 2718.50 --> + 1.25
[11:22:47] <wrbtrader> not a WRB pt1 exit
[11:22:50] <wrbtrader> random exit
[11:22:55] <ksch_> exit 1/2 22.237
[11:22:57] <werner1> Covered all Emini NQ Short @ 7065.00 --> + 4.75
[11:23:07] <wrbtrader> Gotta take a break...reason for the early exit
[11:23:09] <wrbtrader> Be back later
[11:23:55] <Tigerman______> sh dax 12889.5
[11:24:10] <Tigerman______> trade in sync with trend
[11:24:43] <Tigerman______> exit 1/2 @ 88 +1.5
[11:24:59] <Tigerman______> exit 1/4 @ 88.5 +1
[11:25:39] <ksch_> exit other half 21212
[11:25:54] <Tigerman______> exit 1/4 @ 89 + 0.5
[11:26:11] <ksch_> +83, +58 from before
[11:26:21] <Tigerman______> lg dax 12298
[11:26:39] <Tigerman______> lot of buy before cash close
[11:27:49] <Tigerman______> add 12295
[11:29:06] <Tigerman______> exit all dax @ 12299 +1 on 1st and + 4 on 2nd
[11:29:22] <Tigerman______> sh dax 12283
[11:29:46] <Tigerman______> exit 1/2 @ 73 +10
[11:30:21] <Tigerman______> exit 1/4 @ 66 +17
[11:31:39] <Tigerman______> exit all 1/4 @ 12273 +10p
[11:32:03] <Tigerman______> Big down spike in dax at the close
[11:41:34] <werner1> Long Emini NQ @ 7056.50
[11:42:09] <werner1> Exited all Emini NQ Long @ 7061.00 --> + 4.5
[11:46:05] <Tigerman______> take care all see next time
[11:46:16] <ksch_> take care
[12:03:28] <wrbtrader> Shorts Emini ES @ 2711.25 -> small size
[12:03:34] <wrbtrader> 3 contracts
[12:04:19] <wrbtrader> I don't have the volatility to help push this lower from this price area
[12:04:28] <wrbtrader> Hopefully it shows up fast
[12:04:52] <werner1> Shorts Emini NQ @ 7042.00
[12:05:03] <werner1> Covered all Emini NQ Short @ 7037.50 --> + 4.5
[12:05:05] <wrbtrader> Volatility has been slowly increasing all day since the Open
[12:06:47] <wrbtrader> Covered all Emini ES Short @ 2708.00 --> + 3.25
[12:23:35] <ksch_> short small size dow cfd 24166, based on m15 dcm
[12:25:04] <werner1> Long Emini NQ @ 7027.50
[12:25:24] <werner1> Exited all Emini NQ Long @ 7035.00 --> + 7.5
[12:26:30] <ksch_> lng dax cfd 12277
[12:28:16] <ksch_> exit 12281 + 4
[12:42:54] <werner1> Long Emini NQ @ 7038.00
[12:43:09] <ksch_> exit dow cfd 24210, -44
[12:43:54] <werner1> Exited all Emini NQ Long @ 7034.00 --> - 4
[12:49:00] <wrbtrader> Emini ES futures stuck inside the range of its most recent Up WRB Hidden GAP interval
[12:58:25] <ksch_> lng dax cfd (H&S m1 and dcm m1) 12284
[12:58:57] <werner1> Long Emini NQ @ 7031.00
[12:59:20] <werner1> Exited all Emini NQ Long @ 7037.00 --> + 6
[13:03:12] <ksch_> adding 1/2 to dax lng based on fvb, same price
[13:10:07] <ksch_> pt1 exit 1/3, 12288
[13:12:35] <ksch_> pt2 exit the rest, at breakeven
[13:26:11] <werner1> Long Emini NQ @ 7016.50
[13:26:26] <werner1> Exited all Emini NQ Long @ 7021.00 --> + 4.5
[13:26:34] <werner1> at wrb pt1
[13:26:54] <ksch_> long dow cfd 24194
[13:27:20] <ksch_> another H&S
[13:29:36] <ksch_> pt1 24119
[13:32:50] <ksch_> exit 1/3 24221
[13:36:50] <ksch_> exiting the rest 24221
[13:37:54] <ksch_> +24,26,26
[13:38:34] <werner1> Long Emini NQ @ 7033.75
[13:40:23] <werner1> Exited all Emini NQ Long @ 7040.50 --> + 6.75
[13:40:40] <werner1> @wrb pt2
[13:49:28] <ksch_> eurusd short 1.1696 dcm on m2
[13:54:20] <ksch_> exit 1/2 eurusd short at be (seeing long fvb in m3)
[13:59:17] <ksch_> exit rest of eurusd short, 1.1697, -1
[14:02:21] <wrbtrader> Shorts Emini ES @ 2716.00 -> small size
[14:02:28] <wrbtrader> 3 contracts
[14:05:24] <ksch_> long nasdaq cfd 7012 fvb m1
[14:06:35] <wrbtrader> Covered all Emini ES Short @ 2716.75 --> - 0.75
[14:07:20] <ksch_> fvb on m3 also
[14:07:38] <ksch_> but wrb bigger than gap size
[14:07:51] <werner1> nice candle reading es 1 min...in synic with nq
[14:09:41] <wrbtrader> Shorts Emini ES @ 2716.25 -> small size
[14:09:43] <ksch_> nice to know it agrees, es has a high spread for me so I don't monitor it but probably should
[14:10:04] <wrbtrader> 3 contracts re-entry
[14:10:27] <ksch_> exit nasdaq 7009, -3
[14:10:34] <wrbtrader> Emini ES futures high spread ??
[14:11:38] <ksch_> no I mean s&P cfd on my forex broker. I plan to switch to futures when I get a little better (mostly dicipline problems)
[14:11:44] <wrbtrader> Covered all Emini ES Short @ 2715.50 --> + 0.75
[14:11:50] <wrbtrader> snapback UP
[14:11:50] <werner1> Shorts Emini NQ @ 7028.00
[14:12:07] <werner1> Covered all Emini NQ Short @ 7030.00 --> - 2
[14:13:45] <wrbtrader> Shorts Emini ES @ 2715.00 -> medium size
[14:13:54] <wrbtrader> 5 contracts re-entry
[14:14:29] <wrbtrader> small WRB pt1's are appearing...making it very easy for those snapback UP to show up
[14:15:16] <wrbtrader> volatility at a good level but it has been range bound for awhile now
[14:17:32] <werner1> Long Emini NQ @ 7030.00
[14:18:21] <wrbtrader> tough trade so far
[14:19:03] <werner1> Exited all Emini NQ Long @ 7028.00 --> - 2
[14:19:12] <wrbtrader> small WRB pt1 reached
[14:19:24] <werner1> yep
[14:19:35] <wrbtrader> Covered all Emini ES Short @ 2713.75 --> + 1.25
[14:19:44] <werner1> Shorts Emini NQ @ 7028.00
[14:21:00] <werner1> Covered all Emini NQ Short @ 7026.00 --> + 2
[14:21:07] <werner1> brr
[14:28:11] <werner1> Long Emini NQ @ 7029.00
[14:30:46] <werner1> Exited all Emini NQ Long @ 7029.00 --> 0
[14:33:26] <werner1> Shorts Emini NQ @ 7024.00
[14:35:03] <werner1> Covered all Emini NQ Short @ 7021.00 --> + 3
[14:45:19] <ksch_> long dow cfd 24148, fvb on m3 testing ch5 long shadow zone
[14:51:24] <ksch_> exit dow long 1/2 24102 - 46
[14:54:39] <wrbtrader> Shorts Emini ES @ 2701.25 -> medium size
[14:54:46] <wrbtrader> 5 contracts
[14:56:03] <wrbtrader> VIX > 18
[14:56:36] <wrbtrader> Yet price action currently not acting like a VIX > 18
[14:57:51] <wrbtrader> Covered all Emini ES Short @ 2702.75 --> - 1.5
[14:58:39] <wrbtrader> back to the prior reaction low @ 2704.50
[14:58:51] <wrbtrader> on the snapback UP
[15:01:02] <ksch_> exit rest of dow 24132
[15:01:23] <ksch_> -16
[15:02:59] <wrbtrader> Long Emini ES @ 2706.00 -> medium size
[15:03:10] <wrbtrader> 5 contracts
[15:04:15] <wrbtrader> that's only my 2nd Long position of the trading day
[15:04:21] <wrbtrader> first one was a loser
[15:05:40] <wrbtrader> Exited all Emini ES Long @ 2706.25 --> + 0.25
[15:05:50] <wrbtrader>
[15:06:40] <ksch_> your very good at keeping with the trend. Countertrend trading has been a bad habit of mine also, easy to get sucked into bottom picking
[15:07:18] <ksch_> sorry don't mean also, I mean in addition to dicipline
[15:07:36] <wrbtrader> Yeah...I did a few years of trying to pick bottoms...got caught once in a high volatility price movement with no stops
[15:08:04] <wrbtrader> I think I lost like 8 ES point in a matter of 2 minutes
[15:08:28] <ksch_> yes it can happen very quickly, hehe
[15:08:49] <ksch_> i used to add to losing trades too
[15:09:26] <ksch_> but think I have that under control now
[15:18:34] <wrbtrader> Long Emini ES @ 2706.00 -> medium size
[15:18:42] <wrbtrader> 5 contracts
[15:18:58] <wrbtrader> chasing the volatility...no trade signal
[15:18:59] <werner1> Long Emini NQ @ 7020.00
[15:21:13] <wrbtrader> Exited all Emini ES Long @ 2709.50 --> + 3.5
[15:21:13] <werner1> Exited all Emini NQ Long @ 7027.00 --> + 7
[15:22:25] <wrbtrader> Caught it bouncing off a WRB Zone but I missed the trade signal @ 2704.25
[15:23:38] <wrbtrader> Gotta lucky with the chaser due to the volatility > 18
[15:28:20] <wrbtrader> now volatility contraction showing up within the Eminis...contradicting the increasing volatility in the VIX > 19
[15:30:45] <wrbtrader> Emini NQ just dropped below the S area of its most recent contracting volatility
[15:31:25] <wrbtrader> Shorts Emini ES @ 2707.00 -> medium size
[15:31:29] <wrbtrader> 5 contracts
[15:32:40] <wrbtrader> a lot of fight in the Emini ES futures
[15:33:21] <wrbtrader> Covered all Emini ES Short @ 2706.50 --> + 0.5
[15:33:31] <werner1> Shorts Emini NQ @ 7017.50
[15:33:41] <werner1> Covered all Emini NQ Short @ 7016.50 --> + 1
[15:33:46] <wrbtrader> snapback UP
[15:33:51] <werner1> yep
[15:34:53] <wrbtrader> That's what happens when the volatility in the Eminis start to contract while the VIX is increaing above 18
[15:35:05] <wrbtrader> Long Emini ES @ 2710.75 -> medium size
[15:35:11] <wrbtrader> 5 contracts
[15:35:52] <wrbtrader> Exited all Emini ES Long @ 2714.00 --> + 3.25
[15:35:54] <werner1> nice
[15:36:00] <wrbtrader> WRB pt1 reached
[15:36:42] <wrbtrader> volatility spiking still going on
[15:37:48] <wrbtrader> surprised it got stronger instead of snapping back after that WRB pt1
[15:38:41] <werner1> wow wow
[15:39:57] <wrbtrader> Wow...Emini ES futures has retraced back UP to its most recent reaction high @ 2721.75
[15:40:35] <wrbtrader> Emini NQ futures above its most recent reaction high
[15:41:58] <wrbtrader> Most be an over reaction to the game results at today's soccer World Cup going into the 80' minute time
[15:42:10] <wrbtrader> 83' minute
[15:42:15] <ksch_> hehe
[15:42:43] <ksch_> do you find it affects the markets?
[15:42:46] <wrbtrader> Europeans love their soccer in the biggest money mover of all sports
[15:43:07] <ksch_> interesting, wow
[15:43:14] <wrbtrader> I read someone's sport stats on sporting events and world markets...
[15:43:35] <wrbtrader> It was interesting but I would need to do my own stats to believe the results
[15:44:21] <ksch_> yes at first it seems silly but might have some basis. Yes they do love their soccer
[15:44:47] <wrbtrader> Happy traders cause rallies
[15:45:09] <wrbtrader> Yet, what about the losing soccer fans
[15:45:36] <wrbtrader> Maybe they just step aside and let the happy traders take over
[15:46:04] <ksch_> yeah probably too depressed to trade
[15:46:35] <wrbtrader> I'm sure there's some real gamblers out there that uses sport results to place their swing trades...not sure about day traders
[15:47:24] <ksch_> hehe, could be a new trade signal maybe
[15:47:45] <wrbtrader> Shorts Emini ES @ 2718.50 -> small size
[15:47:46] <ksch_> combining wrb analysis with sporting event results
[15:47:47] <wrbtrader> 1 contract
[15:48:53] <wrbtrader> Covered Emini ES Short @ 2717.75 --> + 0.75
[15:49:03] <wrbtrader> got a little too jumpy for me
[15:52:23] <ksch_> chasing a long fvb on dow cfd , m2, entering 24265
[15:59:40] <ksch_> exiting at 24263,-1
[16:01:06] <wrbtrader> just price noise into the 4pm est rush hour traffic
[16:01:26] <wrbtrader> Take care all and see all tomorrow
[16:01:46] <ksch_> yes, was much easier earlier in the day. Have a good rest of your day
[16:03:43] <ksch_> I think I've had enough as well
[16:04:00] <ksch_> Have a great evening everyone
[16:35:32] <werner1> gn all
Session Close

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

##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.


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Commonly discussed trading instruments from stocks, futures, exchange traded funds and forex currencies:

CME Emini Futures EMD, ES and NQ

CME Emini RTY Futures (formerly ICE TF)

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

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Euronext Futures FTSE-100 and CAC-40

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Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

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S&P CNX NIFTY Futures

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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
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