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 Post subject: October 17th Wednesday - Futures, Forex, Stocks and ETF
 Post Posted: Wed Oct 17, 2018 4:14 pm 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2620
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 any of our 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

101718-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.69 MiB | Viewed 18 times ]

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

[08:37:21] * Now talking in ##TheStrategyLab
[09:33:14] <wrbtrader> Shorts Emini ES @ 2809.00 -> large size
[09:33:22] <wrbtrader> 10 contracts
[09:33:56] <Tigerman______> hi all
[09:35:39] <wrbtrader> Covered all Emini ES Short @ 2805.50 --> + 3.5
[09:36:41] <wrbtrader> Wow...I'm surprised that had a lot of follow thru because I missed the Short signal @ 2810.50
[09:37:20] <wrbtrader> That's a 1.50 chaser via my actual entry on the Short @ 2809.00
[09:44:26] <wrbtrader> ES fighting the potential counter thrust failure :(
[09:49:40] <wrbtrader> Shorts Emini ES @ 2804.00 -> large size
[09:49:43] <wrbtrader> 10 contracts
[09:51:15] <wrbtrader> Covered all Emini ES Short @ 2803.75 --> + 0.25
[09:51:22] <wrbtrader> :(
[09:52:03] <wrbtrader> trail stop pick pocketed
[09:52:29] <wrbtrader> I thought it had a good chance to drop below the 2802.00 support area
[09:57:49] <wrbtrader> Shorts Emini ES @ 2803.25 -> large size
[09:57:52] <wrbtrader> 10 contracts
[09:58:49] <wrbtrader> Covered all Emini ES Short @ 2802.00 --> + 1.25
[10:05:00] <wrbtrader> contracting volatility showed up now and its made a new S area
[10:14:55] <wrbtrader> Shorts Emini ES @ 2796.25 -> large size
[10:15:01] <wrbtrader> 10 contracts
[10:15:33] <wrbtrader> Shorted that price drop thru the earlier mentioned S area of the contracting volatility intervals
[10:15:51] <wrbtrader> WRB pt1 reached
[10:16:11] <wrbtrader> Covered all Emini ES Short @ 2796.00 --> + 0.25
[10:16:16] <wrbtrader> :(
[10:16:55] <wrbtrader> meant small (shallow) WRB pt1
[10:18:13] <wrbtrader> Shorts Emini ES @ 2795.50 -> large size
[10:18:25] <wrbtrader> re-entry 10 contracts
[10:20:13] <wrbtrader> chop city
[10:20:25] <wrbtrader> Covered all Emini ES Short @ 2796.50 --> - 1
[10:22:18] <wrbtrader> Shorts Emini ES @ 2796.50 -> large size
[10:22:22] <wrbtrader> 10 contracts
[10:22:27] <wrbtrader> re-entry
[10:24:12] <wrbtrader> Covered all Emini ES Short @ 2796.25 --> + 0.25
[10:24:18] <wrbtrader> :(
[10:25:31] <wrbtrader> Shorts Emini ES @ 2794.25 -> large size
[10:25:42] <wrbtrader> 10 contracts
[10:25:52] <wrbtrader> re-entry on the increasing volatility
[10:26:25] <wrbtrader> Covered all Emini ES Short @ 2795.25 --> - 1
[10:26:55] <wrbtrader> messy
[10:27:58] <wrbtrader> Long Emini ES @ 2796.00 -> large size
[10:28:07] <wrbtrader> counter trade
[10:28:12] <wrbtrader> 10 contracts
[10:29:22] <wrbtrader> Exited all Emini ES Long @ 2795.25 --> - 0.75
[10:29:45] <wrbtrader> Long Emini ES @ 2796.00 -> large size
[10:29:53] <wrbtrader> re-entry
[10:30:46] <wrbtrader> Exited all Emini ES Long @ 2798.25 --> + 2.25
[10:30:56] <wrbtrader> That was a fight
[10:31:27] <wrbtrader> normally I lower my position size on counter-trend trades
[10:32:15] <wrbtrader> Yet, I rolled the dice on those two counter-trend trades via using the same position size as the Shorts while my bias is overall negative
[10:33:22] <wrbtrader> Yet those -1 points on the recent Short positions showed me it was fighting hard to put in a bottom
[10:33:46] <wrbtrader> sidelines
[10:34:10] <wrbtrader> Will just watch as the price retraces back into that difficult price area
[10:35:54] <wrbtrader> Recent exit for a profit was NOT a WRB pt1
[10:36:28] <wrbtrader> It was an exit when the price action hit the R area of the most recent Down WRB Hidden GAP interval on the 1min chart
[10:37:36] <wrbtrader> I was going to take a rest day today but I was able to get a good night of sleep last night...about 10 hours
[10:38:00] <wrbtrader> Simply, I'm energize mentally today and ready to go :)
[10:39:36] <wrbtrader> By the way...Marijuana (Weed) is now LEGAL here in Canada as of 12 midnight last night
[10:41:45] <wrbtrader> They refer to it here as just "Cannabis" :)
[10:42:37] <wrbtrader> US responded by updating its Border Custom Laws...
[10:43:39] <wrbtrader> Anyone from Canada entering the U.S. and that has smoked, invested, worked for any business in the Marijuana...will get a lifetime BAN from the U.S.
[10:43:46] <wrbtrader> Trump law
[10:43:48] <wrbtrader> :)
[10:47:01] <wrbtrader> Another S area formed by the contracting volatility
[10:47:16] <wrbtrader> Shorts Emini ES @ 2786.00 -> large size
[10:47:25] <wrbtrader> 10 contracts
[10:47:41] <wrbtrader> just broke below the S area
[10:48:09] <wrbtrader> WRB pt1 reached
[10:49:18] <wrbtrader> Covered all Emini ES Short @ 2785.50 --> + 0.5
[10:49:26] <wrbtrader> trail pick pocketed
[10:49:49] <wrbtrader> Emini futures volatility surges have been correlated well today
[10:50:33] <wrbtrader> Simply, markets are insync today
[10:52:05] <wrbtrader> Cannabis is legal in Canada here's what you need to know (cbc.ca) @ https://www.cbc.ca/news/canada/marijuan ... -1.4862207
[11:07:53] <wrbtrader> volatility spike out of nowhere
[11:08:06] <wrbtrader> Shake out of those that don't like to use stops
[11:09:30] <wrbtrader> Gotta use stops in high volatility fast moving price action
[11:13:11] <wrbtrader> contracting volatility has shown up again...
[11:13:20] <wrbtrader> Trying to setup another volatility spike
[11:43:18] <wrbtrader> Huge volatility spike
[11:45:11] <wrbtrader> I'm still sidelines...just documenting & recording this counter-thrust back upwards
[11:46:07] <wrbtrader> Correlations and WRB Zones holding up well today
[11:46:17] <wrbtrader> Up and Down
[11:46:28] <wrbtrader> Meant...Down then Up
[12:19:11] <wrbtrader> The Up retracement has now completely retraced the initial Down movement today
[12:26:35] <wrbtrader> Dow erases 319-point loss as volatile trading continues (CNBC) @ https://www.cnbc.com/2018/10/17/us-futu ... oints.html
[12:34:18] <wrbtrader> I have a confession to make...
[12:35:15] <wrbtrader> Every time there's a volatile trading day...I always begin my trading day listening to the song by Frank Sinatra's daughter Nancy Sinatra @ https://www.youtube.com/watch?v=MnQcExGaEvk
[12:36:31] <wrbtrader> She looks like my Ex spouse :)
[12:46:53] <wrbtrader> Great directional volatility today...moving prices nicely Down and Up
[13:05:34] <wrbtrader> another volatility spike on big orders
[13:33:13] <wrbtrader> Long Emini ES @ 2816.50 -> large size
[13:33:18] <wrbtrader> 10 contracts
[13:34:25] <wrbtrader> trail tighten
[13:34:43] <wrbtrader> price action setting up for a volatility spike
[13:37:29] <wrbtrader> tighten a little more...now at profit
[13:37:51] <wrbtrader> Exited all Emini ES Long @ 2818.25 --> + 1.75
[13:38:00] <wrbtrader> WRB pt1 reached
[13:38:14] <wrbtrader> I'm calling it quits for the day
[13:39:06] <wrbtrader> I won't be trading tomorrow...I decided to go to parents/teachers meeting tomorrow for my kids
[13:40:07] <wrbtrader> Will just log in to log the conversation and to start my video recorder on the price action...
[13:40:21] <wrbtrader> Take care all and see all on Friday
[14:18:27] <Trendtrader> short nq 7267.75 sim
[14:22:09] <Trendtrader> exit short 7259.25 +8.5 sim
[14:22:48] <Trendtrader> see you later wrb
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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