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 Post subject: August 30th Thursday - Futures, Forex, Stocks and ETF
 Post Posted: Thu Aug 30, 2018 12:31 pm 
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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

Attachment:
083018-TheStrategyLab-Chat-Room-Key-Markets.png
083018-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.67 MiB | Viewed 142 times ]

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

[09:23:26] * Now talking in ##TheStrategyLab
[09:28:15] <Trendtrader> long es 2909 sim
[09:29:25] <werner1> gm all
[09:29:39] <Trendtrader> gm all
[09:29:47] <werner1> :)
[09:33:12] <wrbtrader> Good morning all
[09:33:31] <werner1> gm mark
[09:36:39] <werner1> mm NQ 7650 +/- ...level to watch imo
[09:39:14] <werner1> Shorts Emini NQ @ 7645.00
[09:40:20] <werner1> Covered all Emini NQ Short @ 7646.00 --> - 1
[09:40:45] <wrbtrader> Shorts Emini ES @ 2908.50 -> large size
[09:40:49] <wrbtrader> 10 contracts
[09:40:59] <Trendtrader> exit long es 2909 +0 sim
[09:42:36] <wrbtrader> up pressure by Emini YM
[09:42:52] <wrbtrader> NQ now down pressure to contradict YM
[09:43:28] <werner1> Shorts Emini NQ @ 7643.75
[09:44:20] <wrbtrader> Covered all Emini ES Short @ 2909.00 --> - 0.5
[09:45:04] <werner1> Covered all Emini NQ Short @ 7650.00 --> - 6.25
[09:45:26] <wrbtrader> Long Emini ES @ 2910.25 -> large size
[09:45:38] <wrbtrader> 10 contracts
[09:45:49] <wrbtrader> YM now above its R area...
[09:46:25] <wrbtrader> NQ and YM still range bound but slowlly climbing the range of a Long Upper Shadow interval
[09:47:08] <wrbtrader> Exited all Emini ES Long @ 2910.75 --> + 0.5
[09:49:57] <wrbtrader> Shorts Emini ES @ 2909.25 -> large size
[09:50:02] <wrbtrader> 10 contracts
[09:50:06] <wrbtrader> increasing volatility
[09:51:02] <wrbtrader> Its now doing what it should have done about around 0940am when I first tried a Short @ 2908.50 in reference to the increasing volatility
[09:52:04] <wrbtrader> poor volatility correlation within the Emini futures
[09:52:13] <wrbtrader> nothing new...same record :(
[09:53:43] <wrbtrader> volatility drying up again...geessh
[09:55:41] <wrbtrader> The psychology of the first 2 hours of the regular trading session the recent trading session has been tough to manage
[09:56:28] <wrbtrader> RTY and YM showing some weakness
[09:57:14] <wrbtrader> ES and NQ still stuck inside the range of its most recent Down WRB Hidden GAP interval
[09:57:49] <wrbtrader> YM and RTY below the S area of their most recent Down WRB Hidden GAP interval
[10:00:14] <wrbtrader> Covered all Emini ES Short @ 2908.25 --> + 1
[10:00:37] <wrbtrader> trail stop pick pocketed
[10:01:20] <wrbtrader> NQ and ES back to the mid point of their most recent Down WRB Hidden GAP interval
[10:06:47] <wrbtrader> Long Emini ES @ 2910.00 -> large size
[10:06:55] <wrbtrader> 10 contracts
[10:07:41] <wrbtrader> I'm just following Emini NQ...WRB Analysis for ES just too tough
[10:08:57] <wrbtrader> YM and RTY just as confusing now
[10:09:00] <wrbtrader> :(
[10:10:41] <wrbtrader> Exited all Emini ES Long @ 2908.75 --> - 1.25
[10:11:56] <wrbtrader> Shorts Emini ES @ 2908.50 -> large size
[10:12:06] <wrbtrader> 10 contracts
[10:12:16] <wrbtrader> volatility trying hard to increase
[10:14:00] <wrbtrader> Covered all Emini ES Short @ 2909.00 --> - 0.5
[10:14:19] <wrbtrader> Long Shadow intervals shwoing up
[10:14:52] <wrbtrader> Long Emini ES @ 2909.50 -> large size
[10:15:06] <wrbtrader> 10 contracts
[10:15:32] <wrbtrader> volatility still slowly increasing
[10:16:05] <wrbtrader> RTY and NQ leading the volatility right now...ES & YM sluggish
[10:16:22] <wrbtrader> volatility correlation still poor
[10:16:58] <wrbtrader> I'm now expecting a volatility spike
[10:17:08] <wrbtrader> tightning my trail stop
[10:18:23] <wrbtrader> Emini ES futures struggling at the R area of a big Down WRB Hidden GAP interval
[10:18:34] <wrbtrader> now a few ticks above
[10:19:02] <wrbtrader> YM still below the S area of its own interval
[10:19:39] <wrbtrader> RTY, ES and NQ now above that R area...
[10:19:50] <wrbtrader> Not YM...its far below the S area
[10:20:09] <wrbtrader> WRB pt1 reached on the increasing volatility in Emini ES
[10:20:28] <werner1> Long Emini NQ @ 7663.75
[10:21:02] <wrbtrader> Exited all Emini ES Long @ 2911.25 --> + 1.75
[10:22:00] <wrbtrader> I'm still waiting for that volatility spike to show up...it just missed a great opportunity to show up when the volatility started increasing
[10:22:42] <wrbtrader> YM is the loner now...its stuck below the range of the comparable big Down WRB Hidden GAP interval
[10:29:49] <wrbtrader> With all the noise in the price action for Emini ES futures today since the regular session open...I'm surprise I'm still at a profit :(
[10:30:07] <wrbtrader> starting to look more like luck :)
[10:30:30] <wrbtrader> Long Emini ES @ 2910.25 -> large size
[10:30:37] <wrbtrader> 10 contracts
[10:31:06] <wrbtrader> come on YM and RTY...need a little help here for ES & NQ
[10:31:20] <wrbtrader> :(
[10:31:42] <wrbtrader> Exited all Emini ES Long @ 2909.00 --> - 1.25
[10:32:14] <wrbtrader> two trades today with -1.25 are starting to impact my trading results
[10:33:18] <wrbtrader> Long Emini ES @ 2909.50 -> large size
[10:33:27] <wrbtrader> 10 contracts
[10:34:24] <wrbtrader> Its starting look like more every day that the "only" time its suitable to be trading when ES, NQ, RTY and YM are all on the same page with the volatility
[10:34:38] <wrbtrader> all other times feel like a crap shoot
[10:34:53] <wrbtrader> as in gambling
[10:35:04] <werner1> Exited all Emini NQ Long @ 7672.50 --> + 8.75
[10:35:09] <werner1> pfffffffffffffffffff
[10:35:16] <wrbtrader> Eminis now correlated with their volatility movements
[10:35:23] <wrbtrader> not sure how long it will last
[10:35:45] <wrbtrader> It came out of nowhere...they just decided to become insync
[10:36:06] <wrbtrader> Exited all Emini ES Long @ 2912.75 --> + 3.25
[10:36:14] <wrbtrader> WRB pt1 reached
[10:36:25] <wrbtrader> Take a break...that was mentally draining
[10:36:30] <werner1> wow 15 points 3 min candle
[10:36:50] <wrbtrader> Maybe in should have just waiting for ALL of them to become correlated with their volatility movements...
[10:36:51] <werner1> me to :(
[10:37:14] <wrbtrader> Had I done that...I would have only taken one trade today...the most recent Long position
[10:38:21] <werner1> so relax a bit and bbl...:)
[10:39:55] <werner1> screen close here...no sounds no see....bbl
[11:42:54] <wrbtrader> Long Emini ES @ 2906.00 -> large size
[11:43:06] <wrbtrader> 10 contracts
[11:43:18] <wrbtrader> counter-trading here
[11:43:23] <wrbtrader> tight stop
[11:44:19] <wrbtrader> volatility low enough
[11:44:42] <wrbtrader> Exited all Emini ES Long @ 2905.25 --> - 0.75
[11:45:40] <wrbtrader> Long Emini ES @ 2905.75 -> large size
[11:45:47] <wrbtrader> re-entry
[11:47:49] <wrbtrader> Emini ES futures sluggish to respond
[11:51:12] <wrbtrader> Exited all Emini ES Long @ 2906.50 --> + 0.75
[11:51:16] <wrbtrader> be back later...time for an early lunch
[13:23:56] <wrbtrader> Ok...I'm back
[14:34:44] <wrbtrader> Long Emini ES @ 2903.50 -> large size
[14:34:51] <wrbtrader> 10 contracts
[14:35:01] <wrbtrader> counter-trend trading with this one
[14:40:45] <wrbtrader> Exited all Emini ES Long @ 2904.75 --> + 1.25
[14:40:49] <wrbtrader> I thought that would go much further upwards to get about the S area of the most recent Down WRB Hidden GAP interval
[14:43:53] <Donnin________> whats the best trail stop for nq with a 10 point stop
[14:48:39] <wrbtrader> I just use the trade management file but if you're doing your stop management via intuition...in the past (many years ago)...I used a -2 point hard stop and if it went my way by 1 point...I immediately moved the initial stop into a -1 point trail stop.
[14:49:14] <wrbtrader> Markets are different now...don't know if that type of intuition stop management would work today assuming the entry were good
[14:49:41] <wrbtrader> Safe bet to begin with the trade management file prior to doing anything intuition.
[14:58:43] <wrbtrader> Shorts Emini ES @ 2901.00 -> large size
[14:58:53] <wrbtrader> 10 contracts
[15:01:40] <wrbtrader> WRB pt1 reached
[15:01:44] <wrbtrader> Covered all Emini ES Short @ 2897.25 --> + 3.75
[15:02:38] <wrbtrader> volatility returned back and the Eminis are insync with each other
-
[15:13:55] * Now talking in ##TheStrategyLab
[15:13:55] -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
[15:21:01] <wrbtrader> Shorts Emini ES @ 2897.50 -> large size
[15:21:05] <wrbtrader> 10 contracts
[15:22:29] <wrbtrader> my gutsy trade of the day
[15:23:11] <wrbtrader> Covered all Emini ES Short @ 2898.25 --> - 0.75
[15:23:44] <wrbtrader> Long Emini ES @ 2899.00 -> large size
[15:23:51] <wrbtrader> 10 contracts
[15:24:22] <wrbtrader> should have done a position reveral at 2898.25
[15:26:08] <wrbtrader> Exited all Emini ES Long @ 2899.00 --> 0
[15:27:14] <wrbtrader> RTY weakened further
[15:28:19] <wrbtrader> Long Emini ES @ 2899.75 -> large size
[15:28:30] <wrbtrader> re-entry
[15:28:35] <wrbtrader> 10 contracts
[15:28:49] <wrbtrader> I think I've mismanage these recent 2 trades
[15:30:03] <wrbtrader> Emini ES futures stuck at the R area
[15:30:13] <wrbtrader> now trying tp get above it
[15:30:54] <wrbtrader> barely above it now
[15:31:16] <wrbtrader> Exited all Emini ES Long @ 2901.25 --> + 1.5
[15:31:29] <wrbtrader> small WRB pt1 reached
[15:31:47] <wrbtrader> wanted to stay in but there's contraction again in the volatility
[15:37:40] <wrbtrader> Shorts Emini ES @ 2900.25 -> large size
[15:37:47] <wrbtrader> 10 contracts
[15:38:15] <wrbtrader> RTY leading the volatility movement...Emini futures now insync with each othr
[15:40:01] <wrbtrader> Covered all Emini ES Short @ 2900.25 --> 0
[15:40:12] <wrbtrader> snap back up
[15:40:16] <wrbtrader> trail pick pocketed
[15:40:36] <wrbtrader> Shorts Emini ES @ 2900.00 -> large size
[15:40:44] <wrbtrader> re-entry
[15:40:50] <wrbtrader> 10 contracts
[15:42:07] <wrbtrader> a little chop now
[15:42:23] <wrbtrader> Covered all Emini ES Short @ 2900.75 --> - 0.75
[15:43:14] <wrbtrader> consecutive failed Shorts at that price level near a former R area that's now acting like a S area
[15:43:44] <wrbtrader> Shorts Emini ES @ 2900.00 -> large size
[15:43:50] <wrbtrader> re-entry
[15:43:59] <wrbtrader> Long Shadow intervals showing up
[15:44:09] <wrbtrader> meant Long Upper Shadow intervals
[15:44:55] <wrbtrader> NQ needs to help via pushing below the S area of its most recent contracting volatility intervals
[15:45:11] <wrbtrader> RTY slowly pushing below its S area
[15:45:27] <wrbtrader> Just need help from YM and NQ to do the same
[15:45:55] <wrbtrader> Covered all Emini ES Short @ 2900.75 --> - 0.75
[15:46:19] <wrbtrader> :(
[15:52:23] <wrbtrader> choppy right now
[15:53:07] <wrbtrader> Shorts Emini ES @ 2900.25 -> large size
[15:53:12] <wrbtrader> 10 contracts
[15:54:21] <wrbtrader> trying to take stops :(
[15:54:40] <wrbtrader> Covered all Emini ES Short @ 2900.50 --> - 0.25
[15:55:09] <wrbtrader> 3 good entries...losses
[15:55:23] <wrbtrader> Tough recent 3 trades
[15:56:37] <wrbtrader> Long Emini ES @ 2901.25 -> large size
[15:56:42] <wrbtrader> 10 contracts
[15:56:50] <wrbtrader> tough
[15:57:20] <wrbtrader> trying hard to break upside but just wants to chop around
[15:59:16] <wrbtrader> WRB pt1 reached
[15:59:25] <wrbtrader> geeesh...crazy chop
[15:59:35] <wrbtrader> Exited all Emini ES Long @ 2902.50 --> + 1.25
[16:00:26] <wrbtrader> Not sure what happen in these last 20 minutes...will study the markets later tonight
[16:00:38] <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.

Quote:
The free chat room is not a signal calling trading room with a head trader telling you what to trade, when to buy or when to sell. In fact, 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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