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 Post subject: October 24th Wednesday - Futures, Forex, Stocks and ETF
 Post Posted: Wed Oct 24, 2018 8:14 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 (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

Attachment:
102418-TheStrategyLab-Chat-Room-Key-Markets.png
102418-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.66 MiB | Viewed 227 times ]

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

[09:13:27] * Now talking in ##TheStrategyLab
[09:13:28] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:20:35] <werner1> gm
[09:29:29] <wrbtrader> Good morning werner
[09:30:05] <wrbtrader> Shorts Emini ES @ 2739.00 -> large size
[09:30:08] <wrbtrader> 10 contracts
[09:31:01] <wrbtrader> Covered all Emini ES Short @ 2738.75 --> + 0.25
[09:31:10] <wrbtrader> trail pick pocketed :(
[09:34:15] <wrbtrader> Shorts Emini ES @ 2738.75 -> large size
[09:34:17] <wrbtrader> 10 contracts
[09:34:23] <wrbtrader> re-entry
[09:35:43] <wrbtrader> A lot of fight here :(
[09:36:13] <wrbtrader> shallow WRB pt1 reached
[09:36:30] <wrbtrader> Covered all Emini ES Short @ 2734.75 --> + 4
[09:37:13] <werner1> :)
[09:38:21] <wrbtrader> The snapback are tough...I'm glad I took that profit target when WRB pt1 was reached
[09:40:21] <werner1> atr nq @11
[09:40:52] <werner1> to fast for me :(
[09:49:45] <wrbtrader> Shorts Emini ES @ 2733.50 -> large size
[09:49:51] <wrbtrader> 10 contracts
[09:51:31] <wrbtrader> Covered all Emini ES Short @ 2732.50 --> + 1
[09:56:42] <wrbtrader> Today I'm doing video recordings of live price action charts side by side - TradeStation, Esignal, Investing.com and my broker
[09:57:15] <wrbtrader> Significant differnce becomes big on the 1 minute chart between them
[09:58:02] <wrbtrader> Yet, as the chart intervals are increased...less difference
[09:58:26] <werner1> wow
[09:58:48] <wrbtrader> My point...any type of difference impact your price action analysis and then that impacts your "trade decisions"
[09:59:03] <werner1> agree
[09:59:23] <wrbtrader> Therefore, two different traders using different data can come to different trade decisions.
[09:59:46] <wrbtrader> That's just scary because both traders are looking at the same trading instrument :(
[10:00:26] <wrbtrader> Ok...gotta close some of those data vendors...my system is slowing down :)
[10:00:58] <werner1> ok
[10:02:34] <wrbtrader> Shorts Emini ES @ 2731.00 -> large size
[10:02:36] <wrbtrader> 10 contracts
[10:03:19] <wrbtrader> Covered all Emini ES Short @ 2732.00 --> - 1
[10:03:30] <wrbtrader> snapback took me out :(
[10:03:40] <wrbtrader> too damn fast
[10:04:34] <wrbtrader> Shorts Emini ES @ 2731.75 -> large size
[10:04:41] <wrbtrader> re-entry
[10:04:44] <wrbtrader> 10 contracts
[10:07:15] <wrbtrader> Covered all Emini ES Short @ 2732.75 --> - 1
[10:07:24] <wrbtrader> geeesh :(
[10:07:53] <werner1> nn try to find sup here :(
[10:07:56] <wrbtrader> Price action a little too fast for me...will tighten trails on entry
[10:08:11] <werner1> nq
[10:08:26] <werner1> 5 min
[10:09:42] <wrbtrader> More importantly...the speed of the price action (too fast)...making it a little difficult to get my trades posted in here after trade confirmation in my Positions / Fills window
[10:10:15] <werner1> yeah i know :(
[10:13:24] <wrbtrader> Yeah...in fact...this month of trading has been the most difficult month of posting my trades in here after confirmation in my positions / fills window in about 9 years
[10:14:48] <werner1> wow that says someting abougt todays market:(
[10:15:54] <wrbtrader> The VIX is only > 21 but the chop in the speed makes it seem like the VIX > 30
[10:17:21] <werner1> agree seme feeling here ...thats why i use the atr to read the speed
[10:17:29] <werner1> same
[10:18:00] <werner1> only at my 1 min time frame
[10:18:35] <wrbtrader> At the same time...the chat room realtime trade posting is helping to prevent "overtrading"
[10:19:14] <wrbtrader> Calmness now in the price action...contraction showing up
[10:19:15] <werner1> yep verey important
[10:19:39] <werner1> i take a dogwalk ...bbl
[10:21:19] <wrbtrader> I remember a long time ago...may like 21 years ago...the first chat room I was posting my trades...they KICK me out...as in BANNED :)
[10:22:55] <wrbtrader> It was an open room like this room but they were PUBLIC while today this room is PRIVATE
[10:23:16] <wrbtrader> They had +500 members in there
[10:23:32] <wrbtrader> Only about 10 active posters of trades
[10:24:08] <wrbtrader> I decided to post my broker statement with fills...they banned me for being COCKY :)
[10:24:53] <wrbtrader> That was my welcome to chat rooms
[10:26:30] <wrbtrader> There was a lot of indicator users in that chat room...lots of conversation about MACD, CCI, Woody CCI, Stochastics, RSI, Volume, Price Moving Averages and only a few "price action only" traders
[10:27:29] <wrbtrader> More contraction in the volatility
[10:28:08] <wrbtrader> This is how some traders get fooled that a bottom is in...when the price action slows down and then contracts
[10:28:20] <wrbtrader> Reality...its just setting up for another volatility spike
[10:29:27] <wrbtrader> Shorts Emini ES @ 2727.50 -> large size
[10:29:32] <wrbtrader> 10 contracts
[10:29:49] <wrbtrader> Covered all Emini ES Short @ 2728.00 --> - 0.5
[10:29:58] <wrbtrader> punks :(
[10:30:25] <wrbtrader> Shorts Emini ES @ 2727.50 -> large size
[10:30:29] <wrbtrader> re-entry
[10:30:35] <wrbtrader> 10 contracts
[10:30:58] <wrbtrader> Maybe my tightening of the trail stop was "too tight"...easy pick pocketing
[10:31:16] <wrbtrader> Covered all Emini ES Short @ 2728.00 --> - 0.5
[10:32:16] <wrbtrader> volatility expanding but its choppy
[10:32:31] <wrbtrader> Shorts Emini ES @ 2729.50 -> large size
[10:32:38] <wrbtrader> re-entry
[10:32:43] <wrbtrader> 10 contracts
[10:35:02] <wrbtrader> Covered all Emini ES Short @ 2729.00 --> + 0.5
[10:35:10] <wrbtrader> trail stop pick pocketed
[10:35:12] <wrbtrader> :(
[10:36:04] <wrbtrader> Long Emini ES @ 2732.00 -> large size
[10:36:11] <wrbtrader> 10 contracts
[10:36:29] <wrbtrader> high risk...counter-trend trade
[10:36:38] <wrbtrader> and entry at a WRB
[10:37:09] <wrbtrader> Exited all Emini ES Long @ 2732.25 --> + 0.25
[10:37:35] <wrbtrader> Range contracting too
[10:38:09] <wrbtrader> Trading near the S area of the most recent Down WRB Hidden GAP interval
[10:38:46] <wrbtrader> Long position I thought it could push a few points higher above that S area
[10:39:42] <wrbtrader> Shorts Emini ES @ 2729.25 -> large size
[10:39:51] <wrbtrader> 10 contracts
[10:41:13] <wrbtrader> Covered all Emini ES Short @ 2728.75 --> + 0.5
[10:42:29] <wrbtrader> now starting to look like a lot of price noise down here near that S area of the most recent Down WRB Hidden GAP interval via the 3min chart
[10:42:45] <wrbtrader> 5 min chart too
[10:43:49] <wrbtrader> Big KME today via the 2pm est Beige Book
[10:49:49] <Trendtrader> long nq 7071 sim
[11:03:27] <wrbtrader> wow
[11:03:39] <wrbtrader> that speed of the volatility came out of nowhere
[11:03:50] <wrbtrader> ALGOs hitting hard
[11:04:08] <Trendtrader> exit nq short 7058.50 -12.5 sim
[11:04:50] <wrbtrader> Shorts Emini ES @ 2715.25 -> large size
[11:04:54] <wrbtrader> 10 contracts
[11:06:26] <wrbtrader> Covered all Emini ES Short @ 2711.00 --> + 4.25
[11:06:34] <wrbtrader> WRB pt1 reached
[11:06:58] <wrbtrader> I'm done for the day...will just now only watch, study and video record
[11:08:59] <wrbtrader> Geeesh
[11:09:09] <wrbtrader> blood in the streets again
[11:21:05] <wrbtrader> I gotta do a reboot...my charts are now activing weird after having all those different data vendors open at the same time for data comparison
[11:21:12] <wrbtrader> Be right back...
-
[11:26:17] * Now talking in ##TheStrategyLab
[11:26:18] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[13:09:25] <werner1> wow
[13:12:02] <werner1> nq some sup here imo....but look out for falling knife :(
[13:18:34] <werner1> long shadow 3 min nq
[13:26:07] <werner1> Shorts Emini NQ @ 6983.00
[13:26:32] <werner1> Covered all Emini NQ Short @ 6978.00 --> + 5
[15:03:06] <werner1> Shorts Emini NQ @ 6921.75
[15:03:53] <werner1> Covered all Emini NQ Short @ 6915.50 --> + 6.25
[15:04:54] <werner1> cant hold it :( ...stressy
[15:06:09] <werner1> nq down 3.3%
[15:45:44] <werner1> Shorts Emini NQ @ 6873.75
[15:46:10] <werner1> Covered all Emini NQ Short @ 6869.75 --> + 4
[15:47:00] <werner1> nq down 4%
[15:59:20] <werner1> nq -350 points
[16:15:28] <werner1> gn all
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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