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 Post subject: August 6th Monday - Futures, Forex, Stocks and ETF
 Post Posted: Mon Aug 06, 2018 3:46 pm 
Trader / Forum Admin

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 & 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

080618-TheStrategyLab-Chat-Room-Key-Markets.png [ 1.88 MiB | Viewed 161 times ]

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

[09:20:05] * Now talking in ##TheStrategyLab
[09:20:06] -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
[09:20:06] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:35:21] <wrbtrader> Emini ES futures trying to go down while Emini NQ futures trying to go up
[09:35:26] <wrbtrader> YM going down
[09:36:22] <wrbtrader> Shorts Emini ES @ 2836.50 -> large size
[09:36:25] <wrbtrader> 10 contracts
[09:37:23] <Donnin________> had to reinvent my strategy yet again
[09:37:31] <Donnin________> spent the whole weekend doing that
[09:39:25] <wrbtrader> Covered all Emini ES Short @ 2837.75 --> - 1.25
[09:43:07] <wrbtrader> Shorts Emini ES @ 2838.25 -> large size
[09:43:16] <wrbtrader> 10 contracts
[09:44:37] <Donnin________> if it gets through 73 92
[09:45:34] <wrbtrader> tough trades to hold so far today
[09:46:28] <wrbtrader> Covered all Emini ES Short @ 2838.75 --> - 0.5
[09:47:54] <wrbtrader> Long Emini ES @ 2839.50 -> large size
[09:48:04] <wrbtrader> 10 contracts
[09:51:03] <wrbtrader> YM playing dead :(
[09:52:29] <wrbtrader> Emini YM now trying to move back up...no longer playing dead as if a bear was sniffing it
[09:52:48] <wrbtrader> Emini ES WRB pt1 reached
[09:56:18] <wrbtrader> Exited all Emini ES Long @ 2841.50 --> + 2
[09:56:24] <wrbtrader> I needed that after the 2 consecutive losing trades
[09:57:23] <wrbtrader> Now there's a contradiction in the volatility...
[09:57:47] <wrbtrader> I'm now expecting a volatility spike or a strong continuation price action
[10:08:27] <wrbtrader> Long Emini ES @ 2841.50 -> large size
[10:08:36] <wrbtrader> 10 contracts
[10:08:58] <wrbtrader> Not sure what
[10:09:07] <wrbtrader> is going on with Emini YM futures
[10:09:26] <wrbtrader> It just can't move back upwards...its stuck in the basement
[10:10:08] <wrbtrader> Stuck near the S area of that most recent big Down WRB Hidden GAP interval
[10:10:47] <wrbtrader> Exited all Emini ES Long @ 2842.00 --> + 0.5
[10:11:24] <wrbtrader> shallow WRB pt1
[10:12:29] <wrbtrader> If YM was making a better effort...I would have stayed longer in that Emini ES futures Long position
[10:25:33] <wrbtrader> That contradiction in the volatility didn't pan out...nothing happened
[10:26:16] <wrbtrader> Shorts Emini ES @ 2840.00 -> large size
[10:26:28] <wrbtrader> 10 contracts
[10:26:37] <wrbtrader> :(
[10:27:44] <wrbtrader> I don't believe the current down movement is associated with that prior volatility contradiction I had saw
[10:28:47] <wrbtrader> Emini futures insync for the past 6 minutes
[10:28:56] <wrbtrader> Covered all Emini ES Short @ 2839.50 --> + 0.5
[10:32:23] <wrbtrader> Intramarket analysis sucks when volatility is low...not just a personal opinion. A ton of historical data, statistical analysis supports what happens when volatility stays too low for an extended period of time...
[10:32:44] <wrbtrader> The correlations become weaker = Intramarket Analysis becomes weaker
[10:38:00] <wrbtrader> Meant Intermarket Analsysis
[10:39:43] <Donnin________> my revamp strategy doing good it first day
[10:40:38] <Donnin________> its about 40 trades a month
[10:40:54] <Donnin________> on nq
[10:41:35] <Donnin________> manually backtest the last 4 yrs
[10:41:46] <wrbtrader> Does it catch any of those +20 point trades you've been trying to catch ?
[10:41:53] <Donnin________> using just the first 6 months
[10:42:16] <Donnin________> yeah it catches 10pts
[10:42:32] <Donnin________> per trade
[10:42:43] <wrbtrader> +10 points can be done a few times per week
[10:43:28] <Donnin________> based on the enites and setups i only find 6 occurrences on average
[10:43:40] <Donnin________> entry
[10:43:49] <wrbtrader> Today is a Bank Holiday here in Canada...many institutional trading firms that trade the Emini futures are closed for a 3 day weekend (Sat - Mon)
[10:44:09] <Donnin________> so i need 2 setups a month
[10:44:20] <wrbtrader> Emini futures usually behave strangely when a few of the key players are missing
[10:44:39] <Donnin________> and that leave me 4 setups that i can miss
[10:46:45] <Donnin________> most if not all are bet 9 an 12pm
[10:50:24] <wrbtrader> Shorts Emini ES @ 2842.00 -> large size
[10:50:30] <wrbtrader> 10 contracts
[10:53:41] <wrbtrader> jumped on that without hesitation...not much analysis...traded this type of price action too many times...wished I had hesitated this time for a better entry price...currently at a loss :(
[10:54:22] <wrbtrader> Covered all Emini ES Short @ 2842.25 --> - 0.25
[10:56:25] <wrbtrader> Long Emini ES @ 2843.50 -> large size
[10:56:32] <wrbtrader> 10 contracts
[10:56:51] <wrbtrader> higher time frame charts are dominating today
[10:58:42] <wrbtrader> Emini ES & NQ futures struggling to get above the R area of some contracting volatility intervals
[11:01:02] <wrbtrader> now above
[11:03:24] <wrbtrader> I think I"m last in queue
[11:03:27] <wrbtrader> :(
[11:03:55] <wrbtrader> Exited all Emini ES Long @ 2844.25 --> + 0.75
[11:04:04] <wrbtrader> took forever
[11:04:23] <wrbtrader> not a WRB pt1
[12:03:21] <wrbtrader> VIX performing poorly now
[12:03:52] <wrbtrader> Emini futures volatility performing poorly too but the contracting volatility intervals have been pushing the futures higher
[12:04:03] <wrbtrader> At least they
[12:04:10] <wrbtrader> are insync now
[12:04:12] <wrbtrader> :)
[12:14:10] <wrbtrader> Nice movement now in the volatility after the Emini futures became insync
[13:39:53] <wrbtrader> be right back
[13:45:09] * Now talking in ##TheStrategyLab
[15:47:03] <wrbtrader> Shorts Emini ES @ 2849.50 -> large size
[15:47:12] <wrbtrader> 10 contracts
[15:49:39] <wrbtrader> I've been afraid to trade this afternoon with the VIX declining so low today
[15:55:06] <wrbtrader> Covered all Emini ES Short @ 2849.00 --> + 0.5
[15:55:09] <wrbtrader> small WRB pt1 reached
[15:55:50] <wrbtrader> more contracting volatility showing up now :(
[16:00:19] <wrbtrader> I hope there's a KME before tomorrow's regular session Opening
[16:00:49] <wrbtrader> If not...tomorrow will be very problematic to trade...maybe the worst day in the past few months
[16:01:11] <wrbtrader> Take care all and see all tomorrow
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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