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 Post subject: September 25th Tuesday - Futures, Forex, Stocks and ETF
 Post Posted: Tue Sep 25, 2018 12:52 pm 
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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 (see chat logs below)
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

Attachment:
092518-TheStrategyLab-Chat-Room-Key-Markets.png
092518-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.51 MiB | Viewed 207 times ]

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

[08:02:19] * Now talking in ##TheStrategyLab
[09:31:47] <@wrbtrader> Good morning...reminder - You can use IRCCloud to log the chat conversations in here when you're not able to log in for whatever reasons. You can post in here from any mobile device and it will keep a history (archive) of the logs in here. I use it via the name you see in here as "TSL_IRCcloud". Archive chat logs stored @ viewforum.php?f=20
[09:32:30] <@wrbtrader> Shorts Emini ES @ 2928.25 -> large size
[09:32:32] <@wrbtrader> 10 contracts
[09:34:39] <@wrbtrader> WRB pt1 reached
[09:35:26] <@wrbtrader> Covered all Emini ES Short @ 2926.75 --> + 1.5
[09:38:04] <@wrbtrader> Overall volatility in the VIX is poor and the same for the volatility within the Emini Futures
[09:38:41] <@wrbtrader> Two KME's @ 1000am est
[09:41:32] <@wrbtrader> Emini ES fighting its way back up the range of the most recent Down WRB Hidden GAP interval
[09:42:31] <@wrbtrader> price action still weaken
[09:44:12] <@wrbtrader> Shorts Emini ES @ 2928.25 -> large size
[09:44:18] <@wrbtrader> 10 contracts re-entry into the same price action of the prior trade signal
[09:44:42] <@wrbtrader> LESS help this time from the other Emini futures
[09:44:52] <@wrbtrader> especially Emini YM futures
[09:45:55] <@wrbtrader> Covered all Emini ES Short @ 2827.75 --> + 100.5
[09:46:04] <@wrbtrader> correction...
[09:46:27] <@wrbtrader> Covered all Emini ES Short @ 2927.75 --> + 0.5
[09:46:50] <@wrbtrader> trail stop protection pick pocketed...
[09:46:59] <@wrbtrader> easily to do because it was tight
[09:48:34] <@wrbtrader> Emini futures back down near the S area of the Down WRB Hidden GAP interval
[09:49:32] <Donnin________> short nq
[09:49:47] <Donnin________> 67
[09:49:53] <@wrbtrader> Shorts Emini ES @ 2926.50 -> large size
[09:49:58] <@wrbtrader> 10 contracts
[09:50:05] <@wrbtrader> intution trade
[09:50:56] <@wrbtrader> YM and NQ starting to strenghthen...find some legs to stand up on :(
[09:51:17] <@wrbtrader> NQ :(
[09:52:02] <Donnin________> oh no ima gonna geet run over
[09:52:15] <@wrbtrader> contraction showing up now in the volatility
[09:52:25] <@wrbtrader> tightning my trail stop
[09:52:44] <@wrbtrader> I'm now expecting a volatility spike here soon
[09:53:27] <Donnin________> just gonan stick to my short
[09:53:44] <@wrbtrader> Donnin...where you Short from ?
[09:53:58] <@wrbtrader> 67 ?
[09:55:19] <@wrbtrader> shallow WRB pt1 reached
[09:55:27] <@wrbtrader> its small
[09:55:42] <@wrbtrader> Covered all Emini ES Short @ 2926.25 --> + 0.25
[09:55:52] <@wrbtrader> geeesh :(
[09:56:07] <@wrbtrader> trail stop pick pocketed
[09:56:11] <Donnin________> yeah
[09:56:13] <@wrbtrader> 2nd one in a roll
[09:56:38] <@wrbtrader> NQ fighting hard to get some legs to stand up on
[09:56:59] <@wrbtrader> ES and YM not supporting NQ so far
[09:59:40] <@wrbtrader> Here's one of my favorite blog articles about "Meditation" and its usefulness in trading via TraderFeed @ http://traderfeed.blogspot.com/2015/01/ ... ation.html
[10:01:43] <@wrbtrader> I've been meditating since 2001 after a death in the family...
[10:02:30] <@wrbtrader> It helps a lot but there weren't that many online articles about meditation & financial markets until I read this back in 2014 (Financial Post) @ https://business.financialpost.com/inve ... meditating
[10:03:55] <@wrbtrader> Long Emini ES @ 2926.75 -> small size
[10:04:03] <@wrbtrader> 2 contracts
[10:04:32] <@wrbtrader> Lowered my position size because this is a counter-trend trade
[10:05:50] <@wrbtrader> Emini ES futures back above the S area of the most recent Down WRB Hidden GAP interval
[10:06:09] <@wrbtrader> S area @ 2926.75
[10:08:06] <@wrbtrader> Exited all Emini ES Long @ 2926.00 --> - 0.75
[10:08:22] <@wrbtrader> now back below the S area
[10:10:09] <@wrbtrader> Shorts Emini ES @ 2925.00 -> small size
[10:10:12] <@wrbtrader> 3 contracts
[10:11:02] <@wrbtrader> looks like a volatility spike but its really acting like chop...reason why I'm still small size on the Short
[10:11:56] <@wrbtrader> Emini NQ still above its most recent reaction low
[10:12:24] <@wrbtrader> Covered all Emini ES Short @ 2924.25 --> + 0.75
[10:12:35] <@wrbtrader> not a WRB pt1
[10:13:52] <@wrbtrader> random exit inside the range of prior contracting volatility intervals on the 1hr chart
[10:16:27] <werner1> hi all
[10:16:34] <@wrbtrader> As long as Emini ES futures is able to stay above 2923.50 reaction low on the 1hr chart...there's a high risk of a counter-thrust back upwards to the R area of the most recent Down WRB Hidden GAP interval 1hr chart @ 2929.75
[10:17:05] <@wrbtrader> I didn't want to hang around too long in the recent Short position
[10:18:41] <@wrbtrader> There was a lot of talk about the Consumer Confidence report (KME) for the U.S. up here in Canada on the financial networks
[10:19:43] <@wrbtrader> I think that 1000am est KME helped bring in a little volatility in the price action but it didn't last too long :(
[10:21:10] <@wrbtrader> I tried two trades (1 Long, 1 Short) in the reaction to that KME...one loser and one winner
[10:21:19] <@wrbtrader> Didn't get what I wanted
[10:22:03] <werner1> thats often here also :(
[10:22:21] <@wrbtrader> VIX improved slightly and the volatility in the Emini futures has contracted a little more...
[10:22:58] <@wrbtrader> If that continues...they will be in "contradiction"...setting up a volatility spike or strong directional price movement
[10:26:33] <werner1> Shorts Emini NQ @ 7564.00
[10:30:27] <werner1> Covered all Emini NQ Short @ 7567.00 --> - 3
[10:43:24] <werner1> mist the long :(..phonecall
[10:54:59] <@wrbtrader> correlations way off today
[10:55:35] <@wrbtrader> I didn't trade yesterday but looking at the data for yesterday...it was worst yesterday witht he correlations within the Emini futures
[10:56:05] <werner1> pfff tell me :(
[10:57:03] <werner1> Shorts Emini NQ @ 7566.25
[10:58:36] <werner1> try to hold this
[10:59:45] <werner1> Covered all Emini NQ Short @ 7553.25 --> + 13
[11:01:15] <werner1> @ wrb pt1 3 min
[11:02:40] <@wrbtrader> nice volatility spike downward
[11:02:50] <werner1> yep
[11:04:15] <@wrbtrader> All the major financial networks covering a live speech by President Trump
[11:04:44] <werner1> aha
[11:04:53] <@wrbtrader> U.S. will not participate in the Global migration process
[11:06:36] <werner1> i hope the netherlands follow that....
[11:08:54] <@wrbtrader> Trump's speech at the United Nations General Assembly
[11:09:10] <@wrbtrader> This is a KME
[11:09:36] <@wrbtrader> too bad it was listed on economic calendars :)
[11:09:48] <werner1> we have a big problem here .....small country and too much migrants
[11:10:37] <@wrbtrader> Yeah...too many countries scaring away their people...they then "migrate" to other countries...hoping for a better life
[11:10:58] <werner1> indd
[11:12:29] <@wrbtrader> I think this global migration also impacts cryptocurrency, forex and futures
[11:12:59] <werner1> why ?
[11:14:12] <@wrbtrader> Not sure exactly...I read an article about it last year about how its impacting "government policies"
[11:14:28] <werner1> ok
[11:15:25] <@wrbtrader> It referred to it as a "ripple affect"...trickling down and having a negative impact on those types of markets (cryptocurrency, forex and futures)
[11:16:33] <werner1> ok....bbl...relax a littlle
[11:23:42] <@wrbtrader> Crude Oil futures acted like they didn't like when President Trump said "Opec and Opec nations are ripping off rest of the world" :)
[11:24:35] <@wrbtrader> Now you know why I consider Presidential speeches like this (e.g. UN general asembly, U.S. congress) to be a KME...it creats volatility
[11:25:53] <@wrbtrader> sometimes after a few WRB Hidden GAP intervals without direction...these types of speeches concludes the day for price action as nothing but price noise (chop)
[11:26:06] <@wrbtrader> We should see a better market reaction tomorrow
[11:26:21] <@wrbtrader> with more price direction
[11:26:35] <@wrbtrader> If not, tomorrow will be a very difficult trading day
[11:31:02] <@wrbtrader> Trump has finish his speech and is off TV
[11:31:25] <@wrbtrader> about 15mins ago
[11:45:11] <@wrbtrader> Long Emini ES @ 2527.50 -> small size
[11:45:15] <@wrbtrader> 3 contracts
[11:47:32] <@wrbtrader> Trump tells world leaders: 'We will no longer tolerate abuse' on trade (CNBC) @ https://www.cnbc.com/2018/09/25/trump-s ... -iran.html
[11:55:54] <@wrbtrader> Exited all Emini ES Long @ 2927.25 --> + 399.75
[11:56:05] <@wrbtrader> correction...
[11:56:12] <@wrbtrader> -0.25
[11:57:28] <@wrbtrader> not a stop out...I just didn't like the price action
[11:57:48] <@wrbtrader> may re-enter if NQ can push higher
[11:59:30] <@wrbtrader> Emini ES futures now below the S area of its most recent Down WRB Hidden GAP interval 15 min chart
[12:03:20] <@wrbtrader> Long Emini ES @ 2927.00 -> small size
[12:03:23] <@wrbtrader> 3 contracts
[12:03:50] <@wrbtrader> Emini NQ futures trying hard to push back upwards
[12:04:24] <@wrbtrader> I want it it get to 7592.00
[12:04:54] <@wrbtrader> That should help Emini ES futures to hit 2928.00
[12:11:03] <@wrbtrader> Exited all Emini ES Long @ 2928.00 --> + 1
[12:12:09] <@wrbtrader> I've used the price action of Emini NQ futures to help with my trades in Emini ES futures...7.2x more than other price action in the past 10 years
[12:22:34] <@wrbtrader> Nafta Blowup Could Sink the Loonie by 10 Percent, JPMorgan Says (Bloomberg) @ https://www.bloomberg.com/news/articles ... organ-says
[12:25:13] <@wrbtrader> I use to talk about hardware requirements for trading a long time ago
[12:25:43] <werner1> diner here ....bbl
[12:27:43] <@wrbtrader> Most trade platforms requirements are now Windows 10, Intel core i7, 16 GB ram, 100 GB free space, PCI express dual graphics port, internet speed 15 download/ 15 upload and 1920x1080 disply settings...
[12:27:50] <@wrbtrader> That's the minimum :)
[12:28:36] <@wrbtrader> That's why I say...you can't go wrong if you get a "gamer laptop/desktop"
[12:28:52] <@wrbtrader> Those are the typical minimum requirements in top gaming systems
[12:29:40] <@wrbtrader> If you're using your computers for more than just trading...you obviously need to exceed the minimum requirements
[13:37:45] <@wrbtrader> correlations poor right now within the Emini futures
[13:38:33] <@wrbtrader> Shorts Emini ES @ 2922.50 -> small size
[13:38:35] <@wrbtrader> 3 contracts
[13:39:30] <@wrbtrader> now I see my error :(
[13:40:09] <@wrbtrader> I'm looking for a Houdini escape out of this Short
[13:42:00] <@wrbtrader> Covered all Emini ES Short @ 2921.50 --> + 1
[13:42:09] <@wrbtrader> lucky exit
[13:42:56] <@wrbtrader> now the volatility increases after my trade :(
[13:43:38] <@wrbtrader> Shorts Emini ES @ 2919.50 -> large size
[13:43:40] <@wrbtrader> 10 contracts
[13:44:32] <@wrbtrader> Covered all Emini ES Short @ 2919.50 --> 0
[13:45:55] <@wrbtrader> Long Emini ES @ 2919.50 -> small size
[13:46:12] <@wrbtrader> 3 contracts
[13:46:58] <@wrbtrader> Emini YM futures is currenly flat...too slow after that volatility spike
[13:47:29] <@wrbtrader> Emini ES futures stuck near the S area of its most recent Down WRB Hidden GAP interval
[13:49:10] <@wrbtrader> tough trade
[13:49:31] <@wrbtrader> Exited all Emini ES Long @ 2920.50 --> + 1
[13:50:22] <@wrbtrader> I'm done for the day
[13:50:31] <@wrbtrader> Take care all and see all tomorrow
[15:59:16] <Trendtrader> long nq 7590.75 sim
[16:00:20] <Trendtrader> exit nq 7591 +0.25
[16:00:31] <Trendtrader> :( exit error
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 Québec, 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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