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 Post subject: July 17th Tuesday - Futures, Forex, Stocks and ETF
 Post Posted: Wed Jul 18, 2018 5:02 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

071718-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.25 MiB | Viewed 29 times ]

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

[09:27:57] * Now talking in ##TheStrategyLab
[09:27:57] -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
[09:27:57] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:13] <wrbtrader> VIX a tiny little bit better today at the Open @ 13
[09:30:27] <wrbtrader> Yesterday was like 12.50 near the Ope
[09:32:21] <wrbtrader> Long Emini ES @ 2792.50 -> large size
[09:32:27] <wrbtrader> 10 contracts
[09:34:20] <wrbtrader> WRB pt1 reached
[09:34:41] <wrbtrader> Exited all Emini ES Long @ 2793.50 --> + 1
[09:35:22] <Tigerman______> gm all
[09:38:38] <Tigerman______> YM seems a bit off sync vs others
[09:39:28] <wrbtrader> Yes
[09:41:28] <wrbtrader> Someone at the forum made an interesting comment in his private thread about this "lack of correlation"...he's been monitoring it for 3 years and states the stats show it mainly occurs during "earnings season" or during "earnings announcements by the big weighted stocks"
[09:42:07] <Tigerman______> lg es 2792.25
[09:42:33] <wrbtrader> I've never studied any intraday market tendencies involving "earnings announcements" except the 4pm est rush hour traffic
[09:43:03] <Tigerman______> exit 2/3 @ 93.25 +4 tk
[09:44:46] <Tigerman______> exit all rem @ 94.25 +8 tk Wrb pt2
[09:45:30] <werner1> gm all
[09:45:38] <Tigerman______> hi
[09:47:26] <werner1> hi tigerman
[10:08:58] <wrbtrader> Emini YM futures scares me now...its just not within the correlation its suppose to be
[10:10:20] <wrbtrader> Long Emini ES @ 2797.00 -> large size
[10:10:34] <wrbtrader> 10 contracts
[10:10:54] <wrbtrader> missed the chance of grabbing that cheap @ 2796.50
[10:11:26] <wrbtrader> Tought trade without Emini YM helping :(
[10:12:11] <wrbtrader> Exited all Emini ES Long @ 2797.00 --> 0
[10:18:37] <wrbtrader> I have too much fear for this price action thanks to Emini YM price movement
[10:20:42] <wrbtrader> Emini ES deserves a clap on the back for fighting through the correlation crap today
[10:23:21] <Tigerman______> yeah YM just run yesterday at close while today is weak on its own
[10:29:32] <werner1> Long Emini NQ @ 7351.25
[10:31:30] <werner1> Exited all Emini NQ Long @ 7356.02 --> + 4.77
[10:31:44] <werner1> Exited all Emini NQ Long @ 7356.25 --> + 5
[10:42:14] <werner1> Shorts Emini NQ @ 7354.50
[10:42:36] <werner1> Covered all Emini NQ Short @ 7352.50 --> + 2
[10:42:42] <werner1> late call
[10:43:50] <werner1> Long Emini NQ @ 7360.00
[10:45:08] <werner1> Exited all Emini NQ Long @ 7362.00 --> + 2
[10:45:28] <wrbtrader> Long Emini ES @ 2800.50 -> large size
[10:45:32] <wrbtrader> 10 contracts total...scaled in
[10:47:30] <wrbtrader> Long Upper Shadow intervals forming
[10:47:48] <wrbtrader> not good when they form while in a Long position
[10:47:49] <Donnin________> im trying to contemplate why i would enter at these prices i like to enter on the intial entry
[10:48:42] <wrbtrader> overall volatility has worsen
[10:48:53] <wrbtrader> now < 12.55
[10:49:07] <wrbtrader> It was around 13 at the Open
[10:50:57] <wrbtrader> Exited all Emini ES Long @ 2801.00 --> + 0.5
[10:51:30] <wrbtrader> chased out by another Long Upper Shadow interval showing up
[10:52:24] <Donnin________> on the other hand ill trade a choppy slow market till the close :<
[10:53:13] <Donnin________> the market really is a mind muck
[10:54:23] <wrbtrader> Long Emini ES @ 2801.50 -> large size
[10:54:29] <wrbtrader> 10 contracts
[10:55:01] <wrbtrader> Emini YM futures now trying to move after its strange lack of correlation price movement earlier
[10:55:14] <werner1> Long Emini NQ @ 7365.25
[10:55:45] <werner1> @ wrb pt1
[10:56:22] <wrbtrader> Exited all Emini ES Long @ 2803.00 --> + 1.5
[10:56:29] <wrbtrader> WRB pt1 reached
[10:57:04] <wrbtrader> Thanks to Emini YM for waking up to get on the same page with the others :)
[10:57:14] <werner1> @ supply zone here nq....but it looks like a v shape
[10:58:15] <werner1> supply nq @ 7369.50/7379.25
[10:59:34] <wrbtrader> Anybody in here using IRCCloud to log in via the program @ https://www.irccloud.com/
[11:00:18] <werner1> no
[11:02:04] <Tigerman______> i have to go
[11:02:10] <Tigerman______> take care all see next time
[11:02:31] <wrbtrader> Looks like IRC is making itself my user friendly or more social media friendly via something called the IRCCloud
[11:03:29] <wrbtrader> I just signed up via my spam catch email address to see if its just a tool to start spamming me with IRC products
[11:08:22] <wrbtrader> Emini ES futures clearly in that price action I refer to as "creeper movement" since 0915am est
[11:09:05] <wrbtrader> Creeper movement = slow moving price action on declining volatility and its directional with very little pullbacks
[11:09:27] <wrbtrader> Very difficult to trade
[11:10:01] <wrbtrader> until you know / understand the quantitative statistics involving them
[11:16:34] <werner1> Shorts Emini NQ @ 7377.00
[11:18:25] <werner1> Covered all Emini NQ Short @ 7378.00 --> - 1
[11:20:25] <werner1> Shorts Emini NQ @ 7376.00
[11:24:02] <werner1> Covered all Emini NQ Short @ 7377.00 --> - 1
[11:25:01] <werner1> fighting the trend :(
[11:33:23] <werner1> Shorts Emini NQ @ 7374.50
[11:38:07] <werner1> Covered all Emini NQ Short @ 7377.00 --> - 2.5
[11:38:22] <werner1> take a break ..bbl
[11:56:12] <Donnin________> quantitative statistics
[12:31:35] <Donnin________> throws a dart long
[12:33:16] <wrbtrader> Shocking creeper price up movement...not a single Up WRB Hidden GAP interval has been retraced...not one
[12:34:04] <wrbtrader> In fact, unless I'm visually impaired...I only see one Up WRB Hidden GAP interval that has had its mid-point retested
[12:35:05] <Donnin________> 9.59
[12:35:29] <Donnin________> i see one on my chart
[12:37:28] <wrbtrader> What chart time frame ?
[13:36:12] <werner1> Shorts Emini NQ @ 7421.50
[13:37:33] <wrbtrader> OK...I'm now testing the IRCcloud...you can see my other user name in here for it.
[13:38:02] <wrbtrader> The reason why I'm testing it for communication in contrast to mIRC that I currently use...
[13:38:22] <wrbtrader> IRCcloud is more suitable for social media, iOS and androids
[13:38:24] <werner1> Covered all Emini NQ Short @ 7424.00 --> - 2.5
[13:38:41] <werner1> aha
[13:38:57] <wrbtrader> More importantly, it states it can still "log the conversation in here even if you're not logged in after the first time
[13:39:04] <wrbtrader> That's very interesting
[13:39:27] <wrbtrader> It also maintains a "history of the conversation"
[13:39:44] <werner1> wow thats nice indd
[13:41:22] <wrbtrader> I trying to figure out how it can maintain a history for the user "after" the user logs out of the chat room
[13:42:01] <wrbtrader> This makes mme suspicous of those "ghosts" I use to see on the chat room server but we couldn't actually see then in here
[13:42:33] <wrbtrader> At one time there were +59 users in here when we could only see 6 traders in here
[13:42:35] <werner1> Shorts Emini NQ @ 7422.50
[13:43:16] <wrbtrader> Thus, some figure out a way to be in here to watch the conversation or record the logs while we couldn't actually see them in the "list log"
[13:43:21] <wrbtrader> :( :( :(
[13:43:43] <wrbtrader> Makes now think they were doing it via IRCcloud
[13:44:37] <werner1> Covered all Emini NQ Short @ 7422.50 --> 0
[13:44:43] <werner1> crab
[13:44:48] <wrbtrader> Ok...I'm going to log out of IRCcloud and then I'm going to see the logs tonight to see if it continue recording the conversation in here for the user name wrbtrader_IRCclo
[13:52:33] <wrbtrader> I'm hoping this will be very useful for me to continue recording the conversation in here while not logged in when I'm on vacation, sudden illness or just taking the day off or my computer is in the repair shop...stuff like that :)
[14:11:04] wrbtrader_IRCclo is uid310676@gateway/web/irccloud.com/x-wdymdbxpvpzbfphg * Mark Perry
[14:11:04] wrbtrader_IRCclo on ##TheStrategyLab
[14:11:04] wrbtrader_IRCclo using kornbluth.freenode.net Frankfurt, Germany
[14:11:04] wrbtrader_IRCclo is away: Auto-away
[14:11:04] wrbtrader_IRCclo is using a secure connection
[14:11:04] wrbtrader_IRCclo End of /WHOIS list.
[14:15:22] <wrbtrader> Scary...VIX now approaching 12.05
[14:17:19] <Donnin________> whats going on today?
[14:19:08] <Donnin________> i was in at the exact bottom on this move
[14:19:26] <Donnin________> and closed it right before it took off
[14:20:21] <Donnin________> this is the same line i had drawn from when 1300 contracts came in on nq
[14:21:58] <Donnin________> on 7/10
[14:24:08] <wrbtrader> Long Emini ES @ 2812.00 -> medium size
[14:24:15] <wrbtrader> 5 contracts
[14:26:41] <wrbtrader> Donnin...its the summer trading session...that's what's going on
[14:27:00] <wrbtrader> Even the Trump/Putin summit couldn't stir up volatility in the markets :(
[14:29:15] <wrbtrader> By the way, I turned on the computer that had IRCcloud on it...it was off since 14:14pm est...when I logged back in via wrbtrader_IRC...it immediately showed all conversations since 14:14pm est...all timestamped too except there's a 25 second delay in comnparison to the timestamps show in my mIRC logs
[14:31:15] <wrbtrader> Now I understand the name in their product..."cloud"...its acting like a online storage even why you're not there and then uploads the info to you when you log back on...your user name is permanently logged in even when your computer is not turned on.
[14:33:11] <werner1> ok very useful
[14:34:41] <werner1> Long Emini NQ @ 7422.50
[14:34:43] <wrbtrader> Emini NQ futures in a slow moving out of its price pullback
[14:34:56] <wrbtrader> A very tight trading range
[14:35:09] <werner1> yeah
[14:35:19] <wrbtrader> Emini ES futures barely a little better than NQ in a tight trading range too
[14:36:03] <werner1> sooooooow sloooooooow
[14:36:48] <wrbtrader> Just be careful trading it :(
[14:37:18] <werner1> yrah i made some mistakes today :(
[14:37:19] <wrbtrader> I've met more traders that blow up their trading accounts in this type of price action than any other type of price action
[14:39:31] <werner1> disciplin is key on these days :)
[14:40:28] <wrbtrader> Agree
[14:40:55] <wrbtrader> Emini NQ and YM and RTY now tightning up more...
[14:41:19] <wrbtrader> More importantly, they're correlating together their contraction in the volatility
[14:41:32] <wrbtrader> I'm now expecting a volatility spike here soon...sooner than later
[14:44:14] <werner1> Exited all Emini NQ Long @ 7424.50 --> + 2
[14:44:17] <wrbtrader> volatility slowly increasing in Emini NQ futures via a slow developing WRB
[14:44:28] <werner1> cant hold it :(
[14:45:27] <wrbtrader> My Long position in Emini ES futures is stuck inside the range of the most recent Up WRB Hidden GAP interval
[14:46:09] <wrbtrader> 2811.75 = midpoint, R area = 2812.50 and S area = 2811.25
[14:50:50] <wrbtrader> testing my patience now
[14:51:10] <wrbtrader> I'm expecting a volatility spike and nothing is happening :(
[14:51:25] <werner1> punks
[14:51:37] <wrbtrader> Exited all Emini ES Long @ 2812.00 --> 0
[14:52:13] <wrbtrader> volatility spike but downward :)
[14:52:29] <wrbtrader> Stop protection saved my butt
[14:52:57] <werner1> :)
[14:54:14] <wrbtrader> Volatility surge didn't last long and it has retraced back up to the 2812 price area...
[14:54:23] <wrbtrader> forming a long lower shadow interval
[15:03:32] <wrbtrader> Emini NQ futures dropped below the S area of its most recent reaction low
[15:04:25] <werner1> yeah but i do not trust it :(
[15:04:42] <werner1> i stay side line a bit here
[15:09:06] <wrbtrader> Long Emini ES @ 2811.50 -> medium size
[15:09:15] <wrbtrader> scaled in
[15:09:19] <wrbtrader> 5 contracts
[15:10:04] <wrbtrader> I want to see this reach the 2812.00 price area of my prior Long position
[15:10:20] <wrbtrader> Hopefully I can exit at a profit above that level
[15:10:39] <wrbtrader> VIX now < 12.05
[15:11:00] <wrbtrader> still declining and that recent little volatility surge has not helped :(
[15:14:45] <wrbtrader> Exited all Emini ES Long @ 2813.00 --> + 1.5
[15:23:23] <wrbtrader> From the most recent reaction low to the price action now above the most recent reaction high...
[15:23:24] <werner1> Long Emini NQ @ 7428.00
[15:23:36] <wrbtrader> Volatility obviously has imporved but the VIX has not
[15:23:59] <wrbtrader> As stated many times in here when that contradiction shows up in the volatility for the Emini Futures...
[15:24:08] <wrbtrader> We get a directional price movement :)
[15:24:29] <werner1> Exited all Emini NQ Long @ 7431.00 --> + 3
[15:24:46] <wrbtrader> Wish I knew how to code an indicator out for that contradiction
[15:24:47] <werner1> @wrb pt1
[15:25:11] <werner1> me to :)
[15:42:16] <Donnin________> so vix down emini up
[15:42:39] <Donnin________> emini when vix is down
[15:47:11] <wrbtrader> VIX now < 12
[15:47:13] <wrbtrader> :(
[15:48:46] <werner1> i see jun has a 12.13 low
[15:49:40] <werner1> sorry 11.22 low
[15:51:51] <wrbtrader> Shorts Emini ES @ 2811.75 -> medium size
[15:52:04] <wrbtrader> 5 contracts
[15:52:07] <wrbtrader> :(
[15:52:11] <wrbtrader> poor entry
[15:53:50] <wrbtrader> Covered all Emini ES Short @ 2811.50 --> + 0.25
[15:54:06] <wrbtrader> got lucky
[15:54:25] <wrbtrader> looking for a re-entry if volatility starts to increase
[15:54:43] <wrbtrader> I'll be looking for hints from the other Emini futures and not from Emini ES itself
[15:57:20] <wrbtrader> Shorts Emini ES @ 2811.25 -> medium size
[15:57:27] <wrbtrader> 5 contracts
[15:58:09] <wrbtrader> It tried and then suddenly dried up :(
[15:59:30] <wrbtrader> stop loss protection tighten after that strange chop
[16:00:46] <wrbtrader> Covered all Emini ES Short @ 2811.50 --> - 0.25
[16:00:55] <wrbtrader> small WRB pt1 reached but not able to grab it
[16:03:59] <wrbtrader> Take care all and see all tomorrow
[16:04:13] <werner1> take care :)
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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