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 Post subject: July 13th Friday - Futures, Forex, Stocks and ETF
 Post Posted: Fri Jul 13, 2018 5:18 pm 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2729
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 & http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=11&t=6
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

071318-TheStrategyLab-Chat-Room-Key-Markets.png [ 1.95 MiB | Viewed 48 times ]

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

[09:11:25] * Now talking in ##TheStrategyLab
[09:11:25] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:32:47] <Trendtrader> long es 2799.25 sim
[09:34:00] <Trendtrader> exit 1/2 es long 2801.25 +2
[09:34:58] <Trendtrader> stop on remainder es long to BE+1t
[09:37:21] <Trendtrader> moving target to 2pt
[09:39:33] <Trendtrader> stopped out remainder es long at BE+2t, +0.5
[09:42:38] <wrbtrader> KMEs today at 1000am and 11000am est
[09:42:56] <wrbtrader> meant 1000am & 1100am est
[09:45:27] <Trendtrader> good to know, thanks.
[09:47:19] <wrbtrader> Shorts Emini ES @ 2798.25 -> large size
[09:47:26] <wrbtrader> 10 contracts
[09:47:55] <wrbtrader> There's that correlation problem again in the Emini futures...very similar to yesterday about the same time too
[09:48:00] <wrbtrader> weird :(
[09:51:28] <Trendtrader> short es 2798.25 sim
[09:52:23] <Trendtrader> stop to BE+1
[09:53:10] <Trendtrader> exit all es short 2796.25 +2
[09:53:42] <wrbtrader> Covered all Emini ES Short @ 2795.50 --> + 2.75
[09:53:49] <wrbtrader> WRB pt1 reached
[09:53:53] <Trendtrader> nice one.
[09:54:11] <Trendtrader> WRB pt1 on 1min?
[09:59:31] <wrbtrader> Had to be patience with that one...had some fear because of the Eminis started with not being correlated
[09:59:43] <wrbtrader> WRB pt1 on the 3min and 5min chart
[10:00:02] <wrbtrader> I think it was close to one on the 1min chart
[10:00:16] <wrbtrader> @ 2795.00
[10:01:03] <Trendtrader> looked like it yes. Let me turn that on...
[10:02:11] <Trendtrader> Yes bar ending 09:56 was and intrabar/closing the bar ending 09:52 was for sure.
[10:12:05] <wrbtrader> Now the counter-thrust back upwards is confusing me further :(
[10:12:58] <wrbtrader> I don't see any Up WRB Hidden GAP intervals to indicate its related to the KME
[10:13:39] <wrbtrader> but I do see it in Emini NQ but not in Emini ES futures
[10:18:31] <wrbtrader> A little more contraction in the volatility now
[10:19:08] <wrbtrader> Shorts Emini ES @ 2797.75 -> large size
[10:19:14] <wrbtrader> 10 contracts
[10:19:47] <wrbtrader> Emin ES futures and Emini NQ futures both just dropped below the S area of their most recent contracting volatility intervals
[10:20:22] <wrbtrader> In contrast, Emini YM futures trying to push higher :(
[10:20:56] <wrbtrader> another tough trade due to the lack of correlation
[10:21:02] <Trendtrader> looks like es is unsure.
[10:21:47] <wrbtrader> Covered all Emini ES Short @ 2798.50 --> - 0.75
[10:22:26] <wrbtrader> now back above the S area
[10:22:43] <wrbtrader> but still below the nearest R area
[10:23:07] <wrbtrader> I do not want to take trades in between
[10:24:12] <wrbtrader> Reason is due to the correlation problems
[10:27:55] <wrbtrader> Emini ES futures testing the R area now
[10:28:25] <wrbtrader> Long Emini ES @ 2799.25 -> large size
[10:28:34] <wrbtrader> 10 contracts
[10:29:25] <wrbtrader> still a battle at the R area
[10:30:42] <wrbtrader> Exited all Emini ES Long @ 2799.00 --> - 0.25
[10:30:53] <wrbtrader> :(
[10:32:18] <wrbtrader> Long Emini ES @ 2799.50 -> large size
[10:32:22] <wrbtrader> re-entry 10 contracts
[10:34:59] <wrbtrader> shallow WRB pt1 reached
[10:35:30] <wrbtrader> Exited all Emini ES Long @ 2799.75 --> + 0.25
[10:35:50] <wrbtrader> placed my trail stop at the wrong price :(
[10:35:54] <wrbtrader> trade error
[10:36:41] <wrbtrader> Long Emini ES @ 2799.75 -> large size
[10:36:47] <wrbtrader> 10 contracts
[10:37:09] <wrbtrader> Emini NQ futures being sneaky right now as it tries to move back up
[10:37:36] <wrbtrader> I'm hoping the correlation is back and that Emini ES futures will follow
[10:38:09] <wrbtrader> Exited all Emini ES Long @ 2800.25 --> + 0.5
[10:39:05] <wrbtrader> Could have held it longer...risk was in my favor but I need to slow things down to do some analysis
[10:39:52] <wrbtrader> These types of price action always catches me off guard...forcing me into over-analysis
[10:50:12] <wrbtrader> Shorts Emini ES @ 2802.50 -> large size
[10:50:23] <wrbtrader> 10 contracts
[10:52:19] <wrbtrader> geesh :(
[10:53:15] <wrbtrader> Covered all Emini ES Short @ 2803.25 --> - 0.75
[10:54:18] <wrbtrader> Long Emini ES @ 2804.00 -> large size
[10:54:32] <wrbtrader> 10 contracts
[10:54:37] <wrbtrader> intuition
[10:56:28] <wrbtrader> wtf ?
[11:02:16] <Trendtrader> I've been up and down today. Not easy to read. Done for the day. Have a good, safe weekend and see all next week.
[11:03:37] <wrbtrader> Agree...price action difficult to read today :(
[11:03:40] <wrbtrader> Take care
[11:10:08] <wrbtrader> Exited all Emini ES Long @ 2805.25 --> + 1.25
[11:10:16] <wrbtrader> scaled out...
[11:10:24] <wrbtrader> Strange price action now
[11:10:46] <wrbtrader> I think we had an exchange problem the other day but this is different
[11:11:02] <wrbtrader> jumped levels as if there was a data issue
[11:23:22] <wrbtrader> A little late now but I now see why it bounced off the intraday lows...
[11:23:37] <wrbtrader> It was Emini YM futures that got it started :)
[11:46:49] <wrbtrader> be right back...gotta do a quick reboot
[12:05:47] * Now talking in ##TheStrategyLab
[12:35:28] <wrbtrader> Emini YM futures trying to push lower and leading the charge
[12:35:51] <wrbtrader> Shorts Emini ES @ 2803.75 -> large size
[12:35:59] <wrbtrader> 10 contracts
[12:36:41] <wrbtrader> Emini ES futures stubborn...so far does not want to participate :(
[12:37:48] <wrbtrader> If it continues to stall or volatility starts to dry up...I will dump it to minimize my losses
[12:39:43] <wrbtrader> strange looking WRB pt1 (very small)
[12:43:16] <wrbtrader> Covered all Emini ES Short @ 2804.00 --> - 0.25
[12:44:13] <wrbtrader> That trade had a good entry...just didn't get the help from the other Emini futures and volatility started declining a little more (it was drying up)
[13:42:42] <wrbtrader> Shorts Emini ES @ 2802.25 -> large size
[13:43:01] <wrbtrader> 10 contracts
[13:46:55] <wrbtrader> I'm now expecting a volatility spike to show
[13:47:02] <Donnin_______> why now
[13:47:25] <wrbtrader> volatility has been contracting too much
[13:48:21] <wrbtrader> Usually when volatility contracts too much...it will then start increasing to spike
[13:48:48] <wrbtrader> tightning trail stop
[13:50:17] <wrbtrader> Covered all Emini ES Short @ 2802.25 --> 0
[13:50:51] <Donnin_______> how much are you up by today
[13:50:56] <Donnin_______> wrb
[13:51:04] <Donnin_______> point wise
[13:51:09] <wrbtrader> It tried but just stalled...Emini ES futures quickly back to contracting
[13:51:45] <wrbtrader> I have not looked at that window yet...its out of view in my task bar
[13:53:52] <Donnin_______> ok
[13:54:47] <wrbtrader> I only know without looking that I'm > +2 points per contract
[14:02:12] <wrbtrader> volatility still declining :(
[14:02:34] <wrbtrader> Yet, it tried increasing twice in the past 15mins
[14:13:33] <wrbtrader> Most of the contraction in the volatility is in Emini NQ futures
[14:13:44] <wrbtrader> Its trying now to get going
[14:15:41] <wrbtrader> I know the price action is boring when I'm looking at security cameras :(
[14:22:45] <wrbtrader> Price action should have been declining but its just stuck in this price area
[14:36:25] <wrbtrader> Emini ES futures creeped lower on very little volatility
[14:37:00] <wrbtrader> Emini NQ futures trying hard to do the same
[14:38:46] <wrbtrader> Low volatility trading is extremely hard to recover from a big loss...reason why its best to take small losses in low volatility trading conditions...
[14:39:06] <wrbtrader> Easier to recover especially if volatility stays low
[14:40:20] <wrbtrader> Extremely difficult to catch home run trades in the summer
[14:40:45] <wrbtrader> Need unusual KME to occur
[14:40:54] <wrbtrader> key market event
[14:41:39] <wrbtrader> Maybe President Trump will do something or say something stupid to shake up the markets
[14:41:42] <wrbtrader> :)
[14:46:46] <wrbtrader> Shorts Emini ES @ 2801.25 -> small size
[14:46:54] <wrbtrader> 1 contract
[14:47:11] <wrbtrader> low volatility requals low position size
[14:51:22] <wrbtrader> Covered Emini ES Short @ 2802.25 --> - 1
[14:51:35] <wrbtrader> Price action stuck inside the range of those Long Lower Shadow intervals on the 15min chart
[14:52:50] <wrbtrader> Long Emini ES @ 2802.50 -> small size
[14:52:55] <wrbtrader> 2 contracts
[14:53:18] <wrbtrader> slow increase in the volatility
[14:53:51] <wrbtrader> retracing back into the prior difficult trading area
[14:54:03] <wrbtrader> It needs to clear its R area
[14:54:47] <wrbtrader> In contrast, Emini NQ futures is now above its own R area of that tight trading range
[14:54:59] <wrbtrader> Emini YM futures still stuck inside
[14:56:56] <wrbtrader> Emini ES futures hit a wall at the R area @ 2803.50
[14:58:15] <wrbtrader> Exited all Emini ES Long @ 2803.00 --> + 0.5
[14:58:21] <wrbtrader> :(
[14:58:29] <wrbtrader> No help from Emini YM futures
[14:59:46] <wrbtrader> at least Emini ES futures tried very hard to increase its volatility...just not enough big boys wanting to move it
[15:53:53] <wrbtrader> Shorts Emini ES @ 2802.00 -> small size
[15:54:02] <wrbtrader> 1 contract
[15:59:53] <wrbtrader> Covered Emini ES Short @ 2802.75 --> - 0.75
[16:00:15] <wrbtrader> Shorts Emini ES @ 2802.50 -> small size
[16:00:24] <wrbtrader> 2 contracts
[16:00:30] <wrbtrader> re-entry
[16:01:23] <wrbtrader> got taken out in that Long Upper Shadow interval in the prior losing trade
[16:04:19] <wrbtrader> Just low volatility junk into the 2pm est rush hour traffic :(
[16:08:18] <wrbtrader> Covered all Emini ES Short @ 2802.50 --> 0
[16:09:55] <wrbtrader> not bite @ 2802.00 after it retraced back above it...should have taken the profit then but it looked like it was going to go lower into the range of the most recent Long Lower Shadow interval
[16:09:59] <wrbtrader> It didn't :(
[16:10:15] <wrbtrader> Take care all, have a nice weekend all and see all on Monday
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.

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

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

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

Image TheStrategyLab Review @ http://www.thestrategylab.com/thestrategylab-reviews.htm

Note: chat logs saved (timestamp) from Qu├ębec, 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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