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 Post subject: November 15th Thursday - Futures, Forex, Stocks and ETF
 Post Posted: Thu Nov 15, 2018 6:49 pm 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2646
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

111518-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.12 MiB | Viewed 7 times ]

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

[09:15:20] * Now talking in ##TheStrategyLab
[09:42:37] <wrbtrader> Shorts Emini ES @ 2687.75 -> large size
[09:44:06] <wrbtrader> Covered all Emini ES Short @ 2691.50 --> - 3.75
[09:47:19] <wrbtrader> Shorts Emini ES @ 2691.50 -> large size
[09:47:31] <wrbtrader> 10 contracts re-entry
[09:48:31] <wrbtrader> Covered all Emini ES Short @ 2691.25 --> + 0.25
[09:50:46] <wrbtrader> Shorts Emini ES @ 2693.25 -> large size
[09:50:54] <wrbtrader> 10 contracts re-entry
[09:52:41] <wrbtrader> still no WRB pt1 on a increasing volatility...similar to the prior trade :(
[09:56:04] <Donnin________> my data is off with cl anyone with same probem
[09:56:48] <wrbtrader> Covered all Emini ES Short @ 2692.75 --> + 0.5
[09:57:53] <wrbtrader> Long Emini ES @ 2692.75 -> large size
[09:58:57] <wrbtrader> Exited all Emini ES Long @ 2690.75 --> - 2
[09:59:05] <wrbtrader> tought trading so far :(
[09:59:39] <wrbtrader> Shorts Emini ES @ 2688.75 -> large size
[10:02:47] <wrbtrader> Covered all Emini ES Short @ 2691.00 --> - 2.25
[10:04:11] <wrbtrader> That's 2 trades today that had a WRB pt1 but I was not able to grab it and it quickly snapback UP :(
[10:04:49] <wrbtrader> range getting tighter
[10:05:04] <wrbtrader> Shorts Emini ES @ 2687.75 -> large size
[10:05:28] <wrbtrader> WRB pt1 reached...not able to grab it...3rd time today :(
[10:05:56] <wrbtrader> may now get lucky and grabe a WRB pt2 on the increasing volatility
[10:07:12] <wrbtrader> Covered all Emini ES Short @ 2687.00 --> + 0.75
[10:09:43] <wrbtrader> Shorts Emini ES @ 2685.00 -> large size
[10:10:03] <wrbtrader> strange snapbacks today so far with lower reaction highs
[10:10:57] <wrbtrader> an unusual number of Long Upper Shadow intervals
[10:11:23] <wrbtrader> Up 62% above the mean
[10:12:21] <wrbtrader> Covered all Emini ES Short @ 2684.00 --> + 1
[10:12:32] <wrbtrader> crazy
[10:13:21] <wrbtrader> another Long Upper Shadow interval...turned my nice profit into just +1 point
[10:15:43] <wrbtrader> Shorts Emini ES @ 2688.00 -> large size
[10:15:50] <wrbtrader> 10 contracts
[10:16:21] <wrbtrader> Covered all Emini ES Short @ 2687.75 --> + 0.25
[10:16:28] <wrbtrader> punks
[10:17:33] <wrbtrader> Shorts Emini ES @ 2687.50 -> large size
[10:17:40] <wrbtrader> re-entry
[10:19:13] <wrbtrader> Covered all Emini ES Short @ 2687.25 --> + 0.25
[10:21:41] <wrbtrader> The main problem today is that the volatility is in a very tight trading range...its allowing the Eminis to bounce up and down...producing those long shadow intervals via the snapbacks after a small breakout of the volatility
[10:22:11] <wrbtrader> resulting in poor trading conditions unless you got patience of a hibernating bear
[10:24:20] <wrbtrader> Shorts Emini ES @ 2687.00 -> large size
[10:24:27] <wrbtrader> 10 contracts
[10:24:43] <wrbtrader> WRB pt1 reached
[10:25:07] <wrbtrader> tightning trail stop
[10:26:23] <wrbtrader> Covered all Emini ES Short @ 2684.50 --> + 2.5
[10:26:42] <wrbtrader> cruel game today by the market
[10:28:07] <wrbtrader> Shorts Emini ES @ 2684.50 -> large size
[10:28:11] <wrbtrader> poor entry
[10:28:16] <wrbtrader> 10 contracts
[10:29:57] <Donnin________> i have current price cl 56.01
[10:30:17] <Donnin________> 57 .01
[10:30:50] <wrbtrader> Covered all Emini ES Short @ 2681.00 --> + 3.5
[10:30:57] <wrbtrader> WRB pt1 reached
[10:31:06] <wrbtrader> finally caught one :)
[10:32:00] <wrbtrader> Donnin...I'm going to post some CL price quotes so that you can verify it with your data vendor
[10:32:32] <Donnin________> ok
[10:32:51] <wrbtrader> Wow...I can't get it...dead quotes
[10:33:20] <wrbtrader> Let me check to see if there's a contract rollover currently for CL
[10:36:42] <wrbtrader> Ok...December contract @ 56.97
[10:36:50] <wrbtrader> quotes not changing over
[10:37:11] <wrbtrader> Simply, dead quotes for me
[10:37:28] <Donnin________> thx
[10:38:13] <wrbtrader> Same for January contract
[10:38:22] <wrbtrader> strange CL today
[10:39:05] <Donnin________> cl is off as a qute on one of my platforms but i can still just trade the movement
[10:42:07] <wrbtrader> I can't get Brent Oil futures also today :(
[10:42:12] <wrbtrader> nor Heating Oil
[10:44:26] <wrbtrader> Going to check my other data vendor...I only have delay data with them but I can still determine if I have quotes
[10:45:28] <wrbtrader> Delay Quote @ 10:34am @ 57.04
[10:45:59] <wrbtrader> now @ 56.97
[10:48:05] <wrbtrader> now @ 56.86
[10:48:20] <wrbtrader> small retracement
[10:49:20] <wrbtrader> Regardless...I don't have quotes nor charts with one data vendor and I have delay charts with delay quotes at another vendor
[10:49:44] <wrbtrader> for WTI CL futures
[11:23:29] <wrbtrader> Long Emini ES @ 2698.50 -> large size
[11:23:52] <wrbtrader> 10 contracts
[11:24:14] <wrbtrader> Exited all Emini ES Long @ 2702.00 --> + 3.5
[11:24:25] <wrbtrader> WRB pt1 reached
[11:27:23] <wrbtrader> should have enter @ 2677.50
[11:27:46] <wrbtrader> Doing too much overanalysis instead of reacting to the valid trade signal
[11:29:44] <wrbtrader> Long Emini ES @ 2699.25 -> small size
[11:29:50] <wrbtrader> 3 contracts
[11:30:15] <Donnin________> wrb do you have any super setups?
[11:30:40] <wrbtrader> Exited all Emini ES Long @ 2700.50 --> + 1.25
[11:30:57] <wrbtrader> No and I've never head of a "super setup"
[11:30:59] <wrbtrader> :)
[11:31:28] <wrbtrader> Sounds like "high probability trade" or something with a win ration of like +90%
[11:31:43] <Donnin________> yes thats the meaning
[11:32:09] <wrbtrader> I wish
[11:34:12] <wrbtrader> October & November has shown that trading is hard...even for those people out there that call themselves "quants"...many of them are falling dead in current market conditions.
[11:34:58] <wrbtrader> Lots of articles about such on bloomberg, cnbc, reuters...quants, automated trading systems are struggling big time.
[11:35:12] <wrbtrader> Many firms trashing their own systems
[11:36:26] <wrbtrader> https://www.bloomberg.com/news/articles ... -takes-hit
[11:37:08] <wrbtrader> https://www.ft.com/content/e33e117e-8f7 ... 80cedcc421
[11:39:04] <wrbtrader> Those are the people with so called "super setups" as you refer too and they can't even make it :(
[11:40:17] <wrbtrader> This market the past 5 years has been about adapting to unpredicatable changes in volatility and capital preservation
[11:41:19] <Donnin________> the quant in blue was already failing
[11:41:54] <wrbtrader> Yeah...they started struggling during the 2008 - 2009 financial crisis
[11:42:22] <wrbtrader> The money is now starting to dry up for quants and their firms
[11:45:49] <wrbtrader> 2018 has been a year for me all about "adapting on a daily basis"...
[11:46:30] <wrbtrader> Its the most year of being tire from trading in comparison to any year in the past
[11:47:15] <wrbtrader> Its difficult for me to compare because of my unusual health crisis in late 2016...not sure if that has impacted my views about the difficulties "after" that illness
[11:49:19] <wrbtrader> 2018 seems like the heavy pressence of ALGOs in the market are fighting each other... like two slugging giants and us retail traders are caught in the middle of this electronic war
[11:50:08] <wrbtrader> The speed in the price action is mindblogging...only ALGOs can do that
[11:50:17] <wrbtrader> Reason why I point the finger at them :)
[11:50:35] <wrbtrader> middle finger :)
[11:58:54] <wrbtrader> Shorts Emini ES @ 2705.25 -> small size
[11:58:56] <wrbtrader> 3 contracts
[12:00:13] <wrbtrader> Covered all Emini ES Short @ 2706.50 --> - 1.25
[12:01:36] <wrbtrader> Shorts Emini ES @ 2705.50 -> large size
[12:01:44] <wrbtrader> 10 contracts
[12:02:09] <wrbtrader> Covered all Emini ES Short @ 2703.25 --> + 2.25
[12:02:59] <wrbtrader> small WRB pt1 reached
[12:03:06] <wrbtrader> most like just price noise
[12:03:14] <wrbtrader> Range getting tighter and tighter
[12:05:00] <wrbtrader> Since early October...this price action (its sudden volatility movement) has been destroying stops
[12:05:14] <wrbtrader> scary like
[12:05:26] <wrbtrader> consistently each trading day
[12:28:11] <Trendtrader> long nq 6803.75 sim
[12:29:00] <Trendtrader> exit 1/2 nq long 6807.75 +4
[12:29:41] <Trendtrader> exit remainder nq long 6814 +10.25 sim
[12:34:14] <wrbtrader> Just had a Short signal about 2mins ago...would have resulted in a loss on the snapback UP
[12:34:31] <wrbtrader> not sure why I ignored it
[12:37:32] <wrbtrader> Shorts Emini ES @ 2704.75 -> small size
[12:37:38] <wrbtrader> 3 contracts
[12:38:23] <wrbtrader> Covered all Emini ES Short @ 2706.00 --> - 1.25
[12:38:54] <wrbtrader> stole my trail stop as soon as I tighten it like some mask robber :(
[12:46:20] <wrbtrader> Shorts Emini ES @ 2702.50 -> small size
[12:46:26] <wrbtrader> 3 contracts
[12:48:21] <wrbtrader> :(
[12:49:30] <wrbtrader> Covered all Emini ES Short @ 2704.00 --> - 1.5
[12:53:07] <wrbtrader> Shorts Emini ES @ 2703.25 -> small size
[12:53:13] <wrbtrader> 3 contracts
[12:53:47] <wrbtrader> beware of the snapback UP
[12:54:28] <wrbtrader> Covered all Emini ES Short @ 2700.75 --> + 2.5
[12:54:38] <wrbtrader> WRB pt1 reached
[13:19:18] <wrbtrader> Back from a nice lunch
[13:28:54] <wrbtrader> Long Emini ES @ 2717.50 -> small size
[13:29:00] <wrbtrader> 3 contracts
[13:30:07] <wrbtrader> Exited all Emini ES Long @ 2718.00 --> + 0.5
[13:30:17] <wrbtrader> problem exit
[13:30:31] <wrbtrader> trail my stop to the wrong price :(
[13:30:46] <wrbtrader> It got taken
[13:30:48] <wrbtrader> geeesh
[13:31:05] <wrbtrader> now @ WRB pt1 without me
[13:31:23] <wrbtrader> just left 4.5 points on the table
[13:31:25] <wrbtrader> :(
[13:45:15] <Donnin________> ok just upload video as is to my private thread
[14:14:44] <wrbtrader> Donnin...your user name at the forum begins with the letter Z ?
[14:16:15] <wrbtrader> If so...I just responded to your video especially now that you've seem to have switch from Emini NQ to WTI CL futures
[14:18:58] <Donnin________> no ive included both
[14:19:06] <Donnin________> im surprised no sound
[14:19:27] <Donnin________> yes z is correct
[14:19:52] <wrbtrader> I will view it again via a different way...give me a minute.
[14:20:41] <wrbtrader> Ok...I got it with audio :)
[14:22:29] <Donnin________> oh great
[15:07:56] <wrbtrader> Long Emini ES @ 2723.25 -> small size
[15:08:04] <wrbtrader> 3 contracts
[15:08:34] <wrbtrader> Exited all Emini ES Long @ 2721.50 --> - 1.75
[15:09:38] <wrbtrader> Long Emini ES @ 2723.50 -> small size
[15:09:49] <wrbtrader> re-entry
[15:11:11] <wrbtrader> Exited all Emini ES Long @ 2723.50 --> 0
[15:11:30] <wrbtrader> trail stop pick pocketed
[15:12:04] <wrbtrader> had my chance :(
[15:12:15] <wrbtrader> Now gotta wait for the next WRB Zone
[15:14:44] <wrbtrader> Long Emini ES @ 2729.00 -> small size
[15:14:50] <wrbtrader> re-entry
[15:15:15] <wrbtrader> Exited all Emini ES Long @ 2730.00 --> + 1
[15:15:42] <wrbtrader> Just too fast but I did still capture a WRB pt1
[15:20:31] <wrbtrader> Shorts Emini ES @ 2720.50 -> small size
[15:20:42] <wrbtrader> 3 contracts
[15:23:11] <wrbtrader> Covered all Emini ES Short @ 2718.25 --> + 2.25
[15:46:35] <wrbtrader> Shorts Emini ES @ 2743.75 -> small size
[15:46:41] <wrbtrader> 3 contracts
[15:48:52] <wrbtrader> tough trade
[15:49:02] <wrbtrader> too much contracting volatilty
[15:50:27] <wrbtrader> Covered all Emini ES Short @ 2735.00 --> + 8.75
[15:50:40] <wrbtrader> incorrect
[15:51:14] <wrbtrader> entry @ 2723.75 and cover for a loss @ 2725.00 -1.25
[15:55:56] <wrbtrader> Shorts Emini ES @ 2727.00 -> medium size
[15:56:04] <wrbtrader> 5 contracts
[15:56:07] <wrbtrader> poor entry
[15:57:46] <wrbtrader> Covered all Emini ES Short @ 2726.00 --> + 1
[15:58:04] <wrbtrader> small WRB pt1 due to the prior intervals being too contracted
[15:58:40] <wrbtrader> Had to take it...couldn't risk a fast snapback up when volatility out of nowhere shows up going into the 4pm est rush hour traffic
[16:00:29] <wrbtrader> Wow...it just did that fearful volatility spike snapback up
[16:00:49] <wrbtrader> Glad I grabbed that WRB pt1 before the snapback UP :)
[16:03:38] <wrbtrader> Take care all and 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.

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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