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 Post subject: September 11th Tuesday - Futures, Forex, Stocks and ETF
 Post Posted: Tue Sep 11, 2018 4:33 pm 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2741
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.

Image This is not a signal calling (trade alerts) room. Our free chat room has never been advertised as a trade room and we ban traders for attempting to use our chat room as a trade alerts room for the purpose to mimick/copy trades posted by other members.

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

091118-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.62 MiB | Viewed 21 times ]

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

[09:16:39] * Now talking in ##TheStrategyLab
[09:16:40] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:25] <werner1> gm all
[09:31:39] <@wrbtrader> Good morning all
[09:32:30] <Donnin________> gm
[09:38:25] <@wrbtrader> Emini Futures been bearish since 3:40am est
[09:45:49] <Donnin________> sh nq
[09:46:02] <Donnin________> 42
[09:49:18] <Donnin________> experimental trade
[09:50:13] <@wrbtrader> I hate missing trades opportunities because the two data vendors have contradicting data...
[09:50:47] <@wrbtrader> broker info doesn't correlated with the chart vendor or one chart vendor doesn't correlate with my other chart vendor :(
[09:52:02] <werner1> tradestation data and broker in one :)
[09:53:53] <@wrbtrader> Yeah...I use to keep it all under one until a disaster happen that cost me about 10k in losses when Tradestation shut down for about 1 hour :(
[09:54:31] <@wrbtrader> That was the first year that TradeStation changed their name from Omega Research to TradeStation
[09:55:06] <Donnin________> you could not close out postions via phone?
[09:55:18] <@wrbtrader> Nope :(
[09:56:14] <@wrbtrader> I had a 50 contract trade...market moved fast on some "Bin Laden Capture Rumor"
[09:56:40] <Donnin________> i c
[09:57:21] <@wrbtrader> It was that trade when I started using "automated" initial stops of -4 points on entry
[09:58:02] <@wrbtrader> Meant...it was that trade that made me start using the -4 point stop automated on entry
[09:58:25] <Donnin________> long nq 62
[09:58:36] <@wrbtrader> That way when something crazy happens like my computer crash or whatever...I still have a -4 point stop in place
[09:59:45] <Donnin________> how do u trade with 1pt wrb and 4 points stop
[10:00:06] <@wrbtrader> I don't trade with 1 point WRB
[10:00:56] <Donnin________> thats been the issue defining movement and stop placement
[10:01:08] <Donnin________> but i overcome with a 1 to 1
[10:01:43] <@wrbtrader> Initial stops are for emergency only...the problem is that traders use them as regular stops
[10:01:57] <Donnin________> i see
[10:02:31] <@wrbtrader> After you enter a trade...you can then "adjust" your initial stop into a stop appropriate for the price action you've entered
[10:03:31] <@wrbtrader> That's why my losing trades look random...a different price for one loser to the next losing trade
[10:03:51] <@wrbtrader> The losing trade is in a different type of price action.
[10:04:15] <@wrbtrader> Simply, no fixed stop management because I always adjust my trail stops
[10:04:59] <@wrbtrader> Also, I don't like to see my intial stops nor trail stops get hit...
[10:05:19] <@wrbtrader> reason why I try to exit a losing trade BEFORE the stop is hit
[10:07:15] <@wrbtrader> Long Emini ES @ 2877.25 -> large size
[10:07:30] <@wrbtrader> 15 contracts
[10:07:37] <@wrbtrader> first one in a long time
[10:08:46] <@wrbtrader> Exited 1/3 Emini ES Long @ 2878.75 --> + 1.5
[10:09:49] <@wrbtrader> Exited 1/3 Emini ES Long @ 2879.00 --> + 1.75
[10:12:51] <@wrbtrader> Exited Remainder Emini ES Long @ 2879.00 --> + 1.75
[10:13:38] <@wrbtrader> scaled out above a WRB pt1
[10:14:28] <Donnin________> sh nq
[10:14:36] <Donnin________> 70
[10:18:44] <Donnin________> up move is over
[10:18:46] <@wrbtrader> I have not been willing to go above 10 contracts for a few years due to the problematic overall volatilitiy in the Emini futures (I'm not talking about the VIX).
[10:19:11] <Donnin________> realisically u could trade any size
[10:19:25] <Donnin________> and kill it with your accuracy
[10:19:54] <Donnin________> just off one starting point (day)
[10:27:01] <@wrbtrader> I use to think the sane too until I met someone that had one "bad day"...it didn't hurt his overall trading capital but it damage him greatly "mentally" or "psychologically"
[10:27:10] <@wrbtrader> He wasn't the same trader after that :(
[10:27:44] <@wrbtrader> Thus, its about the capital and the psycholology of trading
[10:28:15] <@wrbtrader> Some can lose their entire account...refund it...start again...lose it again...refund it again...they just keep doing it
[10:28:22] <@wrbtrader> Money is nothing to those people
[10:29:00] <@wrbtrader> Others are more sensitive...they lose their money even if its a small capital in comparison to their overall capital...
[10:29:20] <@wrbtrader> They do not refund their account. They are done
[10:29:38] <@wrbtrader> I'm close to that type...the latter...
[10:30:20] <@wrbtrader> I'm too afraid to put most of my capital in the market...trading purpose or investment purpose
[10:31:53] <@wrbtrader> Also, my psychological strenght changed the fall of 2016 when I became ill/coma.
[10:32:36] <@wrbtrader> Mentally, I'm still recovery from that illness...lower mental pain threshold
[10:32:58] <@wrbtrader> I don't think I can bounce back from a big loss
[10:33:57] <@wrbtrader> One of the reasons why my losing trades are so small
[10:34:22] <@wrbtrader> I call it being "trigger happy" or scared out of a trade very easily
[10:35:03] <@wrbtrader> 10 contract is my mental limit although I did one 15 contract trade...
[10:35:37] <@wrbtrader> Very difficult trade for me to do today...won't do that again for awhile...a long while
[10:39:59] <Donnin________> right
[10:42:58] <@wrbtrader> Reminder - I'm no longer trying to "kill it" in my trades...I've already done that many years ago.
[10:42:59] <@wrbtrader> :)
[10:43:40] <@wrbtrader> when the markets were suitable for such
[10:43:50] <@wrbtrader> The markets currently are not suitable for such
[10:44:13] <@wrbtrader> That's why I say its a "timing issue"...big profit levels
[10:44:44] <Donnin________> yeah that true as well
[10:45:13] <@wrbtrader> Late 80's and 90's were the times to "kill it"...volatility was crazy back then
[10:46:03] <@wrbtrader> Back in those days...you can take a -20 point loss and quickly make it all back in the very next trade
[10:47:00] <Donnin________> wow i can only imagin
[10:48:28] <@wrbtrader> The Dot.com days...the early phase of it was the time to "kill it"...crazy market swings in a single day or week to week
[10:48:52] <@wrbtrader> One day you thought you lost it all and the next day you made it all back...unreal
[10:49:17] <werner1> back
[10:50:31] <@wrbtrader> Emini RTY putting a lot of pressure on the other Eminis to the downside right now
[10:51:47] <Donnin________> then the market started reverting
[10:52:25] <Donnin________> and people expecting to make it all back didn't
[10:56:38] <Donnin________> reverting to the mean
[10:58:11] <@wrbtrader> Long Emini ES @ 2878.25 -> large size
[10:58:14] <@wrbtrader> 10 contracts
[11:01:03] <@wrbtrader> small WRB pt1 reached
[11:01:47] <@wrbtrader> Exited all Emini ES Long @ 2879.75 --> + 1.5
[11:02:52] <@wrbtrader> I could have held that longer but dumped it after the WRB pt1 because Emini RTY just a little too spooky for me
[11:03:52] <@wrbtrader> As soon as I dumped...Emini RTY then gets a Long signal :)
[11:04:41] <@wrbtrader> Thus, had I waited just 15 seconds longer...I would have saw that Long signal in RTY and then I would have had confirmation to hold the Emini ES trade longer
[11:20:48] <werner1> lol in the early 90"s i think it was 94 that i gave my money to the national investing bank here at the netherlands....right into the dot com bubble....i was a milionaire in no time on paper ....it ends in a break even at 2002 :( by and hold they told you....djeez
[11:23:44] <werner1> buy and hold
[11:27:18] <werner1> if i did that ....i was a multi miljionare now ....:).....on paper...untill is sold it all
[11:27:46] <werner1> longggggggggg term investment
[11:31:25] <werner1> +/- 25 year invetsment at the s&p index
[11:32:25] <werner1> lol
[11:35:58] <werner1> Long Emini NQ @ 7481.25
[11:38:13] <werner1> Exited all Emini NQ Long @ 7478.00 --> - 3.25
[11:39:26] <werner1> Long Emini NQ @ 7478.50
[11:42:01] <@wrbtrader> Long Emini ES @ 2884.00 -> medium size
[11:42:08] <@wrbtrader> 5 contracts
[11:42:11] <werner1> Exited all Emini NQ Long @ 7485.00 --> + 6.5
[11:43:51] <@wrbtrader> Exited all Emini ES Long @ 2884.75 --> + 0.75
[11:44:49] <@wrbtrader> trail stop pick pocketed after I thought volatility was coming into the price action and I quickly moved the trail stop upwards
[11:45:29] <werner1> below yesterday lod now above yesterday hod
[11:46:03] <werner1> hihi
[11:51:50] <@wrbtrader> Nice volatility spike
[11:52:07] <@wrbtrader> with a huge volume surge too
[11:54:55] <@wrbtrader> Long Emini ES @ 2889.00 -> medium size
[11:54:59] <@wrbtrader> 5 contracts
[11:57:39] <@wrbtrader> will be a tough trade to reach a WRB pt1 because there was a WRB Hidden GAP interval within the prior 3 intervals
[12:01:42] <@wrbtrader> Exited all Emini ES Long @ 2891.50 --> + 2.5
[12:02:23] <@wrbtrader> VIX and the Emini futures volatility has been "imbalance or contradiction" all morning
[12:02:41] <@wrbtrader> Its been a long time since I've seen such last for so long
[12:03:14] <@wrbtrader> It started at the regular session opening bell and still contradicting to each other
[12:25:38] <werner1> Shorts Emini NQ @ 7510.50
[12:26:56] <werner1> Covered all Emini NQ Short @ 7509.50 --> + 1
[12:56:42] <@wrbtrader> Long Emini ES @ 2891.25 -> medium size
[12:56:48] <@wrbtrader> 5 contracts
[12:57:12] <@wrbtrader> I'm only looking for a few ticks here...volatility is poor right now
[12:57:28] <@wrbtrader> but still in contradiction mode
[12:58:08] <@wrbtrader> small WRB pt1 reached
[13:01:07] <@wrbtrader> Exited all Emini ES Long @ 2892.75 --> + 1.5
[13:02:15] <@wrbtrader> I'm calling it quits here because I'm a little "stressed" right now from the trading...not sure why.
[13:02:31] <@wrbtrader> Going to go relax. Take care all and see all tomorrow
[13:27:20] <werner1> :)
[13:43:59] <werner1> Shorts Emini NQ @ 9495.25
[13:44:37] <werner1> need 91.50
[13:46:03] <werner1> Covered all Emini NQ Short @ 9491.50 --> + 3.75
[13:54:33] <werner1> 15 min nq try to find sup
[13:59:07] <werner1> Long Emini NQ @ 7499.50
[13:59:13] <werner1> chaser
[14:01:33] <werner1> stop @97
[14:02:32] <werner1> Exited all Emini NQ Long @ 7497.00 --> - 2.5
[14:03:42] <werner1> Long Emini NQ @ 7496.00
[14:05:02] <werner1> Exited all Emini NQ Long @ 7499.50 --> + 3.5
[14:09:07] <werner1> gog nq
[14:09:12] <werner1> gogo
[14:38:27] * Now talking in ##TheStrategyLab
[15:11:26] <werner1> Long Emini NQ @ 7512.00
[15:14:48] <werner1> need 15
[15:15:48] <werner1> so slow
[15:17:23] <werner1> Exited all Emini NQ Long @ 7509.25 --> - 2.75
[15:24:42] <werner1> sup zone nq 03/05
[15:28:46] <werner1> Long Emini NQ @ 5707.75
[15:31:52] <werner1> stop @7505.25
[15:32:20] <werner1> Exited all Emini NQ Long @ 7505.25 --> + 1797.5
[15:32:45] <werner1> Long Emini NQ @ 7507.75
[15:32:54] <werner1> Exited all Emini NQ Long @ 7505.25 --> - 2.5
[15:34:01] <werner1> Long Emini NQ @ 7505.00
[15:34:06] <werner1> last trade
[15:35:17] <werner1> try to hold
[15:35:31] <werner1> @ +/-12
[15:41:03] <werner1> Exited all Emini NQ Long @ 7511.00 --> + 6
[15:47:37] <werner1> ok take care ...cya...
[16:12:36] <Donnin________> long nq
[16:30:29] <Donnin________> set it righ tat open
[16:30:32] <Donnin________> close
[16:37:39] <Donnin________> setp up right at the close
[16:40:52] <Donnin________> im thinking maybe i can set up a double entry system
[16:41:02] <Donnin________> since my targets are so far
[16:41:32] <Donnin________> i can't tell you how many times the market moves say plus 5 then back to enty
[16:41:40] <Donnin________> then pluse 5 again
[16:41:54] <Donnin________> then finally to target
[16:42:30] <Donnin________> i should take advantage of inside movements to to where i wont even need it to hit targets
[16:43:51] <Donnin________> basically im micro trading my entry
[16:44:15] <Donnin________> and using the entry as a base to keep reentering
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 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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