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 Post subject: November 14th Wednesday - Futures, Forex, Stocks and ETF
 Post Posted: Wed Nov 14, 2018 6:10 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2543
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:
111418-TheStrategyLab-Chat-Room-Key-Markets.png
111418-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.73 MiB | Viewed 5 times ]

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

[09:28:29] * Now talking in ##TheStrategyLab
[09:34:27] <wrbtrader> Good morning...big overnight UP movement since 0400am est
[09:35:42] <wrbtrader> Shorts Emini ES @ 2742.75 -> large size
[09:35:49] <wrbtrader> 10 contracts
[09:36:37] <wrbtrader> Covered all Emini ES Short @ 2745.00 --> - 2.25
[09:37:48] <wrbtrader> Shorts Emini ES @ 2742.75 -> large size
[09:37:55] <wrbtrader> 10 contracts
[09:38:01] <wrbtrader> re-entry
[09:42:37] <wrbtrader> strange volatility
[09:43:05] <wrbtrader> Covered all Emini ES Short @ 2744.75 --> - 2
[09:44:32] <wrbtrader> Long Emini ES @ 2746.25 -> large size
[09:44:39] <wrbtrader> 10 contracts
[09:46:03] <wrbtrader> Exited all Emini ES Long @ 2748.00 --> + 1.75
[09:48:16] <wrbtrader> Shorts Emini ES @ 2742.75 -> large size
[09:48:25] <wrbtrader> re-entry
[09:48:30] <wrbtrader> 10 contracts
[09:51:44] <wrbtrader> 1000am est KME
[09:54:06] <wrbtrader> Covered all Emini ES Short @ 2739.25 --> + 3.5
[09:56:07] <wrbtrader> I made those 4 trades much more difficult than I needed to do...got too occupy with the strange choppy volatility...similar like price action in October
[09:56:46] <wrbtrader> Now another strange volatility spike
[09:57:27] <wrbtrader> The speed of the price action is moving a range of about +2 points in seconds during those strange spikes
[09:57:39] <wrbtrader> I feel sorry for those out there that are scalpers
[09:58:45] <wrbtrader> forgot to mention that WRB pt1 was reached on the two most recent trades
[10:02:42] <wrbtrader> Shorts Emini ES @ 2739.50 -> large size
[10:02:54] <wrbtrader> 10 contracts
[10:03:30] <wrbtrader> Covered all Emini ES Short @ 2739.00 --> + 0.5
[10:03:44] <wrbtrader> poor entry
[10:03:58] <wrbtrader> Missed the entry signal @ 2741.00
[10:07:15] <wrbtrader> Long Emini ES @ 2739.75 -> large size
[10:07:21] <wrbtrader> 10 contracts
[10:07:41] <wrbtrader> Exited all Emini ES Long @ 2741.00 --> + 1.25
[10:07:48] <wrbtrader> WRB pt1 reached
[10:08:43] <wrbtrader> Trade was suppose to last a few minutes but I gotta take those WRB pt1's when they show up in this strange fast choppy price action
[10:09:38] <wrbtrader> Been burnt too many times since October when I did not take the WRB pt1 because the volatility tricks you into believing there's going to be more follow through for the trade (bigger profits)...not so
[11:30:38] <wrbtrader> Long Emini ES @ 2716.25 -> large size
[11:30:44] <wrbtrader> 10 contracts
[11:31:57] <wrbtrader> Exited all Emini ES Long @ 2714.50 --> - 1.75
[11:33:30] <wrbtrader> Long Emini ES @ 2714.00 -> large size
[11:33:37] <wrbtrader> re-entry
[11:34:11] <wrbtrader> getting a little choppy
[11:34:19] <wrbtrader> Exited all Emini ES Long @ 2714.50 --> + 0.5
[11:34:38] <wrbtrader> Long Emini ES @ 2714.00 -> large size
[11:34:46] <wrbtrader> re-entry
[11:35:50] <wrbtrader> Exited all Emini ES Long @ 2713.25 --> - 0.75
[12:17:26] <wrbtrader> Long Emini ES @ 2708.00 -> large size
[12:17:33] <wrbtrader> 10 contrast
[12:17:56] <wrbtrader> these Long positions are high risk trades against the price direction
[12:19:33] <wrbtrader> Exited all Emini ES Long @ 2713.50 --> + 5.5
[12:19:45] <wrbtrader> WRB pt1 reached
[12:22:04] <wrbtrader> Got lucky when one of my primary trade signals showed up...and I was able to ride it to a big WRB pt1 on the expanding volatility
[12:26:02] <wrbtrader> That's one of the flaws/weaknesss of using different types of trade signals...
[12:26:58] <wrbtrader> You can get fixated on one and that fixation distracts from seeing a different one appearing in real time. Resulting in missing a trade opportunity
[12:30:20] <wrbtrader> Shorts Emini ES @ 2716.50 -> large size
[12:30:29] <wrbtrader> 10 contracts
[12:34:31] <wrbtrader> Covered all Emini ES Short @ 2712.00 --> + 4.5
[12:35:27] <wrbtrader> Back to back trades from the same trade signal (just opposite directions)
[12:35:52] <wrbtrader> big WRB pt1 reached in both of them
[12:45:35] <wrbtrader> Long Emini ES @ 2707.75 -> large size
[12:45:45] <wrbtrader> 10 contracts
[12:47:50] <wrbtrader> Exited all Emini ES Long @ 2707.25 --> - 0.5
[12:48:23] <wrbtrader> Long Emini ES @ 2707.75 -> large size
[12:48:30] <wrbtrader> 10 contracts
[12:49:15] <wrbtrader> Had some order problems in trying to exit the prior trade above 2710 @ WRB pt1...my error...not the broker error
[12:50:22] <wrbtrader> Exited all Emini ES Long @ 2708.50 --> + 0.75
[12:51:12] <wrbtrader> Long Emini ES @ 2707.50 -> large size
[12:51:24] <wrbtrader> 10 contracts
[12:51:57] <wrbtrader> Exited all Emini ES Long @ 2710.25 --> + 2.75
[12:52:00] <wrbtrader> wow...volatility spike out of nowhere
[12:52:25] <wrbtrader> WRB pt1 reached...should have dumped it above 2713.00
[12:53:18] <wrbtrader> Too fast for me to grab that price area...it instantly reversed back down as soon as it hit 2713.75
[12:53:42] <wrbtrader> Long Emini ES @ 2711.00 -> large size
[12:53:49] <wrbtrader> 10 contracts
[12:53:55] <wrbtrader> still an active trade signal
[12:54:34] <wrbtrader> Exited all Emini ES Long @ 2711.50 --> + 0.5
[12:57:06] <wrbtrader> too many long shadow intervals showing up
[12:57:20] <wrbtrader> Now just turning into fast price noise chop
[14:27:16] <wrbtrader> Shorts Emini ES @ 2670.00 -> large size
[14:28:16] <wrbtrader> Covered all Emini ES Short @ 2700.00 --> - 30
[14:28:29] <wrbtrader> correction...
[14:28:41] <wrbtrader> entry incorrect
[14:28:48] <wrbtrader> 2700.00
[14:29:00] <wrbtrader> breakeven
[14:29:33] <wrbtrader> Shorts Emini ES @ 2701.00 -> large size
[14:29:40] <wrbtrader> re-entry
[14:29:46] <wrbtrader> 10 contracts
[14:31:55] <wrbtrader> Covered all Emini ES Short @ 2700.75 --> + 0.25
[14:32:31] <wrbtrader> Had a small WRB pt1...waited for a bigger one...retraced back up to take my trail stop
[14:35:13] <wrbtrader> Shorts Emini ES @ 2700.75 -> large size
[14:35:20] <wrbtrader> re-entry
[14:35:28] <wrbtrader> 10 contracts
[14:35:48] <wrbtrader> :(
[14:36:20] <wrbtrader> Covered all Emini ES Short @ 2702.25 --> - 1.5
[14:37:55] <wrbtrader> Long Emini ES @ 2705.50 -> large size
[14:38:19] <wrbtrader> Exited all Emini ES Long @ 2705.00 --> - 0.5
[14:39:47] <wrbtrader> Shorts Emini ES @ 2703.25 -> large size
[14:39:54] <wrbtrader> 10 contracts
[14:39:56] <wrbtrader> tough trade
[14:40:18] <wrbtrader> A small range developing up in this price area
[14:40:25] <wrbtrader> with chop
[14:42:23] <wrbtrader> Covered all Emini ES Short @ 2698.75 --> + 4.5
[14:42:32] <wrbtrader> WRB pt1 reached
[14:42:47] <wrbtrader> now a nasty snapback UP
[14:43:09] <wrbtrader> glad I didn't get greedy on that one after the WRB pt1 was reached
[14:48:08] <wrbtrader> Long Emini ES @ 2701.50 -> large size
[14:48:16] <wrbtrader> 10 contracts
[14:49:03] <wrbtrader> choppy again...
[14:49:09] <wrbtrader> now spike up...
[14:49:14] <wrbtrader> Strange price action today
[14:49:31] <wrbtrader> Exited all Emini ES Long @ 2704.25 --> + 2.75
[14:49:44] <wrbtrader> WRB pt1 reached
[14:51:18] <wrbtrader> range getting tighter
[14:51:29] <wrbtrader> more contracting volatility
[15:50:28] <wrbtrader> Shorts Emini ES @ 2709.25 -> large size
[15:50:36] <wrbtrader> 10 contracts
[15:51:21] <wrbtrader> Covered all Emini ES Short @ 2707.50 --> + 1.75
[15:51:41] <wrbtrader> small WRB pt1 reached
[15:57:17] <wrbtrader> Wow...huge volume with huge volatility spike and right back where it started in the prior interval
[15:58:25] <wrbtrader> Long Emini ES @ 2703.00 -> large size
[15:58:29] <wrbtrader> 10 contracts
[15:59:10] <wrbtrader> Exited all Emini ES Long @ 2703.00 --> 0
[16:00:17] <wrbtrader> Long Emini ES @ 2704.25 -> large size
[16:00:25] <wrbtrader> 10 contracts
[16:01:26] <wrbtrader> Exited all Emini ES Long @ 2703.25 --> - 1
[16:02:42] <wrbtrader> That should'uv taken off northward...perfect setup :(
[16:03:42] <wrbtrader> Good trading day...only a few distractions...took a long break a few times due to a headache...came back to only see the markets move another +10 points
[16:04:01] <wrbtrader> Only one trade error today
[16:05:20] <wrbtrader> Take care and see all tomorrow
[16:06:38] <wrbtrader> Almost forgot something...
[16:07:51] <wrbtrader> Apple, bellwether for technology stocks across Wall Street, falls into bear market territory (CNBC) @ https://www.cnbc.com/2018/11/14/apple-b ... arket.html
[16:08:21] <Trendtrader> No trades for me today. See you all tomorrow.
[16:09:48] <wrbtrader> Oil rebounds from steep selloff as OPEC, partners discuss supply cut (Reuters) @ https://www.reuters.com/article/us-glob ... SKCN1NJ02U
[16:11:05] <wrbtrader> Mark Cuban Exits the High-Frequency Trading Game He Hated Anyway (Bloomberg) @ https://www.bloomberg.com/news/articles ... ium-canada
[16:13:44] <wrbtrader> Pound edges higher after U.K. PM Theresa May says she's secured cabinet approval for Brexit plan (MarketWatch) @ https://www.marketwatch.com/story/pound ... st=markets
[16:14:26] <wrbtrader> Posted the links here for the logs...testing my memory later tonight about what I've read today :)
[16:14:34] <wrbtrader> 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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