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 Post subject: August 22nd Wednesday - Futures, Forex, Stocks and ETF
 Post Posted: Thu Aug 23, 2018 5:33 am 
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

082218-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.59 MiB | Viewed 189 times ]

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

[09:28:40] * Now talking in ##TheStrategyLab
[09:28:41] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:29:31] <wrbtrader> Good morning all
[09:29:38] <Donnin________> gm
[09:34:27] <wrbtrader> Long Emini ES @ 2861.75 -> large size
[09:34:30] <wrbtrader> 10 contracts
[09:34:38] <Tigerman______> gm all
[09:34:46] <Tigerman______> lg ES 62.25
[09:35:25] <wrbtrader> Critical psychological trade for me
[09:35:28] <Tigerman______> exit 2/3 @ 62.75 +2 t
[09:36:23] <wrbtrader> Exited all Emini ES Long @ 2862.25 --> + 0.5
[09:36:50] <wrbtrader> I needed any kind'uv winner on that after the mental collapse on Monday
[09:37:06] <Tigerman______> exit all @ 62.50 +1 t
[09:37:29] <Tigerman______> wrbtrader what happened monday '
[09:41:43] <Tigerman______> price inside today gap on most index
[09:42:52] <Tigerman______> lg es 2863.25
[09:42:57] <Tigerman______> spike up
[09:44:58] <Tigerman______> exit all @ 62.25 -4 T :(
[09:45:10] <Tigerman______> fast down spike after my entry
[09:48:11] <Tigerman______> lg es 61.25
[09:48:25] <Tigerman______> 2 pm fomc minutes
[09:48:34] <Tigerman______> maybe not so great action in morning
[09:50:09] <Tigerman______> exit all @ 2861 -1 t
[09:53:31] <wrbtrader> Monday was my first losing day after a very long consecutive trading day win streak
[09:54:01] <wrbtrader> A lot of distractions in the family prior to the day, again that morning on Monday...
[09:54:19] <wrbtrader> Just too much to overcome...made too many stupid trades and paid the price for such
[09:54:55] <wrbtrader> It was a small loss but it felt like a large loss because of the collapse mentally
[09:56:09] <wrbtrader> Pending KME @ 1000am & 2pm est
[09:56:21] <Tigerman______> ah ok I used to day loss :(
[09:56:35] <wrbtrader> I think I'm going to miss the 2pm est KME...won't be trading
[09:56:58] <wrbtrader> Also, I won't be trading tomorrow too...personal day off to just relax
[09:57:04] <Tigerman______> simply trading is Hard for mental state
[09:57:11] <Tigerman______> MOSTLY ignore that
[09:57:39] <Tigerman______> Mostly hidden their loss
[09:58:08] <Tigerman______> lose time complain in chat/forum instead try solve problems
[09:58:35] <wrbtrader> Since my illness...I mentally tire very easy...gotta stay focus and recognize when I need to stop for the day or just not trade...that's been my mental edge since my illness...knowing when to do a time out
[09:59:07] <Tigerman______> yeah infact I avoit now fast scalps
[09:59:35] <Tigerman______> not profitable due to low vola ...high demanding x nothing :(
[09:59:45] <wrbtrader> Shorts Emini ES @ 2858.25 -> large size
[09:59:52] <wrbtrader> 10 contracts
[10:00:18] <wrbtrader> Covered all Emini ES Short @ 2858.75 --> - 0.5
[10:01:00] <wrbtrader> Shorts Emini ES @ 2858.50 -> large size
[10:01:02] <Tigerman______> sh ES 58.50
[10:01:14] <wrbtrader> 10 contracts
[10:01:17] <wrbtrader> re-entry
[10:01:48] <Tigerman______> exit 2/3 @ 57.75 +3t
[10:02:34] <wrbtrader> WRB pt1 reach...not able to grab it
[10:03:23] <wrbtrader> Covered all Emini ES Short @ 2857.75 --> + 0.75
[10:04:06] <Tigerman______> exit all @ 57.75 + 3t
[10:14:59] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[10:20:29] <Tigerman______> lg es 2861.750
[10:22:56] <Tigerman______> exit all 61.75 :(
[10:36:04] <werner1> hi all
[10:41:29] <wrbtrader_away> 10 werner
[10:41:49] <Tigerman______> hi werner
[10:41:49] * wrbtrader_away is now known as wrbtrader
[10:44:31] <Tigerman______> lg es 62.75
[10:48:55] <Tigerman______> exit 2/3 @ 2865 +9t
[10:50:35] <Tigerman______> exit all rem @ 2865.5 +11 tk
[10:56:40] <Donnin________> anyone like cl long here
[10:59:24] <Tigerman______> hi donnin depends on which time frame yo are
[10:59:35] <Donnin________> 5 min
[11:00:22] <Tigerman______> ok for me it is an up trend
[11:00:50] <Tigerman______> just no see a valid area to trade here
[11:17:12] <Tigerman______> take care all see next time
[13:05:48] <Trendtrader> long es 2864.75 sim
[13:32:33] <Donnin________> sh cl
[13:32:40] <Donnin________> 86
[13:42:58] <Donnin________> out
[13:54:42] <Donnin________> sh nq
[13:55:00] <Donnin________> 28.50
[14:12:05] <Donnin________> out be
[14:14:19] <Donnin________> firt time my stop was hit and filed
[14:14:30] <Donnin________> not*
[14:14:39] <Donnin________> whew
[14:15:14] <Donnin________> filled
[14:17:33] <Trendtrader> exit long es 1/2 2866.75 +2
[14:17:53] <Trendtrader> exit remainder es 2865 +0.25
[14:18:34] <Trendtrader> Donnin that's strange. What type of order are you using?
[14:20:20] <werner1> indd strange ..hihi
[14:20:33] <Donnin________> let me check
[14:20:41] <Trendtrader> hi werner
[14:21:02] <werner1> hi trendtrader
[14:24:19] <werner1> Shorts Emini NQ @ 7428.25
[14:25:29] <werner1> Covered all Emini NQ Short @ 7422.25 --> + 6
[14:26:21] <Donnin________> i had a sell at 30.50 at market
[14:27:20] <Donnin________> and a sell at 29.75
[14:28:00] <Donnin________> opps 29.50 also at market
[14:28:32] <Trendtrader> so you were long? I thought you were short the nq?
[14:28:52] <Donnin________> yeah both shorts
[14:29:01] <Donnin________> we hit 40evens
[14:30:01] <Donnin________> well i hardly ever add on a trade
[14:30:21] <werner1> no prop donnin .....this in here is for your own journal....not to see how good we are !!!
[14:30:39] <Donnin________> but if i have a ten point stop limit
[14:31:22] <Donnin________> would my add on sell at 30.50 as well
[14:31:28] <Donnin________> ?
[14:31:59] <Trendtrader> That's why it didn't fill. you were using a stop limit. A stop limit will give you certainty of price, but not fill.
[14:32:32] <Trendtrader> A stop market will fill for sure, but may not get you an ideal price.
[14:32:40] <Donnin________> right
[14:33:10] <Donnin________> you aways want your stop at limit no
[14:33:21] <Trendtrader> I usually use a stop market for my catastrophic stop loss.
[14:33:35] <Donnin________> i see
[14:34:22] <Donnin________> just a matter of preference in this case it saved me
[14:34:27] <Trendtrader> If the market goes against your position very quickly, you may not get out of your position if you use a stop limit.
[14:34:53] <Donnin________> yes true
[14:35:11] <werner1> Long Emini NQ @ 7430.75
[14:36:55] <Trendtrader> Yes, personal preference. Mine is to use a stop market for exits and stop limits for entries. I've gotten stung in the past with using a stop limit for exit orders. Some platforms have it set that way be default so you have to be careful to make sure the platform you are using is set up the way you want.
[14:38:27] <werner1> Exited all Emini NQ Long @ 7428.00 --> - 2.75
[14:45:39] <Trendtrader> See you all next time, I'm done for the day.
[14:46:11] <werner1> cya
[16:47:37] * Disconnected


##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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