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 Post subject: August 14th Tuesday - Futures, Forex, Stocks and ETF
 Post Posted: Tue Aug 14, 2018 7:26 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

081418-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.64 MiB | Viewed 181 times ]

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

[09:32:10] * Now talking in ##TheStrategyLab
[09:32:10] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:38:17] <wrbtrader> Good morning all
[09:47:20] <Donnin________> gm
[09:51:33] <wrbtrader> Shorts Emini ES @ 2830.50 -> large size
[09:51:40] <wrbtrader> 10 contracts
[09:53:33] <wrbtrader> volatility out of the gate was good but now it suddenly begin to dry up :(
[09:53:56] <wrbtrader> Covered all Emini ES Short @ 2830.50 --> 0
[09:54:44] <wrbtrader> I hope this is not a day in which the best trade opportunitie of the trading day occurred in the first 5 minutes :)
[11:16:58] <wrbtrader> I was ready to trade @ 0930am but family distractions occurred and then not able to do a trade until 0952am est
[11:17:28] <wrbtrader> Have had family distractions I needed to resolve since I exited my trade @ 0953am est
[11:17:49] <wrbtrader> Will now try again to focus on trading today :)
[11:41:52] <wrbtrader> Long Emini ES @ 2839.75 -> large size
[11:41:59] <wrbtrader> 10 contracts
[11:42:28] <wrbtrader> A little lost in this trade as soon as I enter
[11:43:38] <wrbtrader> Looks like a pullback trade on the higher time frame but careful inspection...I'm late on my entry and should have enter @ 2839.00
[11:44:06] <wrbtrader> Exited all Emini ES Long @ 2840.00 --> + 0.25
[11:44:13] <wrbtrader> trail stop pick pocketed
[11:44:36] <wrbtrader> WRB pt1 reached @ 2840.75
[11:44:40] <wrbtrader> not able to grab it
[11:45:08] <wrbtrader> Long Emini ES @ 2839.75 -> large size
[11:45:14] <wrbtrader> re-entry
[11:45:45] <wrbtrader> intermarket analysis with other Emini futures support the re-entry but so far...not looking good.
[11:45:58] <wrbtrader> Emini NQ futures has stalled
[11:46:31] <wrbtrader> Exited all Emini ES Long @ 2839.25 --> - 0.5
[11:48:07] <wrbtrader> Long Emini ES @ 2839.50 -> large size
[11:48:15] <wrbtrader> re-entry
[11:48:43] <wrbtrader> price spike down...stole my stop and now its spiking back upwards
[11:48:48] <wrbtrader> sneaky buggers
[11:48:57] <wrbtrader> WRB pt1 reached
[11:50:44] <wrbtrader> Exited all Emini ES Long @ 2840.75 --> + 1.25
[11:57:43] <wrbtrader> Shorts Emini ES @ 2838.00 -> large size
[11:57:53] <wrbtrader> 10 contracts
[11:59:32] <wrbtrader> In the prior trade (the Long position)...glad I took that WRB pt1 and not hang around too long after the WRB pt1 was reached because the price action soon imploded from the reaction high area and then dropped back down into the mid area of the pullback...
[11:59:53] <wrbtrader> Now nearing the S area of the pullback
[12:00:26] <wrbtrader> tough price area right now
[12:00:48] <wrbtrader> Covered all Emini ES Short @ 2839.00 --> - 1
[12:03:22] <wrbtrader> Long Emini ES @ 2839.75 -> large size
[12:03:34] <wrbtrader> 10 contracts
[12:03:48] <wrbtrader> So far today...just paying commissions :(
[12:04:32] <wrbtrader> Missed opportunity to make it a quick day of trading in the first 5 minutes of the regular session open
[12:06:17] <wrbtrader> Exited all Emini ES Long @ 2840.75 --> + 1
[12:06:22] <wrbtrader> WRB pt1 reached
[12:06:45] <wrbtrader> random exit
[12:06:55] <wrbtrader> eventhough it hit a WRB pt1
[12:07:13] <wrbtrader> Initially I was looking for a WRB pt2 or pt3 for a longer hold...
[12:07:23] <wrbtrader> Got more distractions...be back later
[12:23:34] <wrbtrader> Ok...I'm back
[12:24:26] <wrbtrader> VIX still low but not too bad while only in the 13 range
[12:25:11] <wrbtrader> Price action in the Emini futures insync with what the overall volatility is doing
[12:26:19] <wrbtrader> Volatility just stop being insync with the Emini futures
[12:26:25] <wrbtrader> Long Emini ES @ 2841.00 -> large size
[12:26:31] <wrbtrader> 10 contracts
[12:26:48] <wrbtrader> I'm now expecting a strong continuation price action or volatility spike
[12:27:09] <wrbtrader> tightening my stops just in case the volatility spike if the opposite direction
[12:28:37] <wrbtrader> YM futures following the contradiction in the volatility a lot better than the Emini ES futures
[12:28:59] <wrbtrader> In fact, it reacted and hit a WRB pt1
[12:29:09] <wrbtrader> Emini ES futures has not
[12:30:38] <wrbtrader> Exited all Emini ES Long @ 2841.75 --> + 0.75
[12:30:55] <wrbtrader> contradiction in the volatility now gone
[12:31:13] <wrbtrader> Didn't want to hang around after it disappeared
[13:27:25] <wrbtrader> got some contracting volatility here in the markets that's now trying hard to "expand"
[13:27:48] <wrbtrader> Shorts Emini ES @ 2838.50 -> large size
[13:27:57] <wrbtrader> 10 contracts
[13:28:03] <wrbtrader> :(
[13:28:15] <wrbtrader> 2 ticks too late into this trade
[13:28:52] <wrbtrader> Covered all Emini ES Short @ 2839.00 --> - 0.5
[13:29:08] <wrbtrader> easy stop placement due to the late entry
[13:29:16] <wrbtrader> be right back
[13:37:40] * Now talking in ##TheStrategyLab
[13:37:40] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[14:14:10] <wrbtrader> scaling in
[14:14:27] <wrbtrader> Shorts Emini ES @ 2840.75 -> large size
[14:14:34] <wrbtrader> 10 contracts
[14:15:27] <wrbtrader> funky price action with a little chop in the other Emini futures
[14:15:35] <Donnin________> any major support ?
[14:15:43] <Donnin________> on nq?
[14:16:12] <Donnin________> not sure if i can ride this back down
[14:16:36] <wrbtrader> The most recent contracting volatility intervals had a S area
[14:16:56] <wrbtrader> NQ has now dropped below it but fighting hard to get back above it
[14:17:37] <wrbtrader> At support now
[14:18:00] <Donnin________> 50 51 area
[14:18:57] <wrbtrader> Covered all Emini ES Short @ 2841.75 --> - 1
[14:19:11] <Donnin________> every thing i get a good pos im fighting this
[14:19:26] <wrbtrader> was about to say tighning my trail stop and it gets hit before I can tighten it :(
[14:19:55] <Donnin________> i get long bars fighting my postion
[14:21:42] <wrbtrader> Shorts Emini ES @ 2841.75 -> large size
[14:21:53] <wrbtrader> NQ coughed first
[14:22:01] <Donnin________> i get scard then i jump out and it runs
[14:22:02] <wrbtrader> I'm just following it
[14:22:33] <Donnin________> im still im thankfully
[14:22:38] <wrbtrader> Its doing now what it should have done a few minutes ago when I was Short
[14:22:55] <wrbtrader> 10 contracts
[14:23:42] <wrbtrader> volatility spike out of nowhere !
[14:23:59] <wrbtrader> Covered all Emini ES Short @ 2839.50 --> + 2.25
[14:24:00] <Donnin________> im at no risk so just gonna try to let this ride
[14:24:15] <wrbtrader> WRB pt1 reached
[14:24:52] <wrbtrader> If I was in the green alot...I would had stayed in that trade for a possible WRB pt1 instead of covdering at the WRB pt1
[15:35:08] <wrbtrader> I see my error in the prior message...
[15:35:50] <wrbtrader> I meant I would have stayed in that trade "beyond" a WRB pt1 and try to catch a WRB pt2 exit had I reached my profit target from earlier trades
[15:36:05] <Donnin________> i see
[15:36:33] <wrbtrader> Regardless, volatility didn't show up and I made the right decision to exit the position near that WRB pt1
[15:36:41] <Donnin________> yup
[15:40:24] <wrbtrader> Overall volatility has worsen by .09 since I last talked about the overall volatility in the VIX
[15:41:24] <wrbtrader> In contrast, the contradiction has shown up in the Emini Futures two times today...I missed one of them and traded late into the 2nd one
[15:41:50] <wrbtrader> Eminis and VIX contracting at the same time right now
[15:42:34] <wrbtrader> Thus, price action not doing anything when the markets are very "efficient" at the same time.
[15:42:56] <wrbtrader> I prefer to trade only when they are "inefficient" (not efficient)
[15:43:28] <wrbtrader> YM just coughed lower
[15:43:46] <wrbtrader> Shorts Emini ES @ 2841.50 -> large size
[15:43:54] <wrbtrader> 10 contracts
[15:44:34] <wrbtrader> Not picture perfect...gotta protect against a possible snapback UP on a volatility spike
[15:44:47] <wrbtrader> now tightning trail stop
[15:46:15] <wrbtrader> small WRB pt1 reached
[15:46:59] <wrbtrader> 14 minutes away from the regular session 4pm est close
[15:47:11] <wrbtrader> Now within the window of the rush hour traffic
[15:48:15] <wrbtrader> :(
[15:48:54] <wrbtrader> move you slug
[15:49:18] <wrbtrader> Emini ES futures ridiculous not cooperating
[15:51:40] <wrbtrader> Covered all Emini ES Short @ 2840.00 --> + 1.5
[15:51:56] <wrbtrader> not a trail pick pocketed...
[15:52:35] <wrbtrader> The momemtum look lost and I decided to take that WRB pt1 because it was bigger than when I first saw it as a shallow WRB pt1
[15:53:39] <wrbtrader> I'm done for the day...mentally tired after talking me way through trades today and after the numerous family distractions today
[15:53:46] <wrbtrader> Take care all and see all tomorrow
[17:28:12] * 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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