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 Post subject: November 20th Tuesday - Futures, Forex, Stocks and ETF
 Post Posted: Wed Nov 21, 2018 6:18 am 
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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:
112018-TheStrategyLab-Chat-Room-Key-Markets.png
112018-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.64 MiB | Not viewed yet ]

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

[09:30:41] * Now talking in ##TheStrategyLab
[09:30:42] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:37:13] <Tigerman______> gm all
[09:37:26] <wrbtrader> Key markets NOT insync right now
[09:37:36] <wrbtrader> Long shadow intervals showing up now
[09:37:54] <Donnin________> still looking for a good vix indicator
[09:38:10] <Tigerman______> yep not good sync
[09:38:20] <Tigerman______> VIX open very high
[09:41:53] <wrbtrader> Best indicator for the VIX is the VIX itself
[09:42:29] <wrbtrader> Maybe I misunderstand when you say an indicator for the VIX
[09:43:06] <Donnin________> yes thats true
[09:43:31] <Tigerman______> low vola now
[09:43:56] <Tigerman______> bif players study if hit long side or continue with sell off
[09:44:03] <wrbtrader> Big regular session down gap in the Emini futures
[09:44:34] <Tigerman______> yep.. contracting now I ll look if something show up in downtrend
[09:44:38] <Donnin________> the speed reflects the volatility
[09:45:07] <Donnin________> because of you i found a lil program that shows the trade rate
[09:45:31] <Donnin________> when its above a threshold i know vola was high
[09:46:05] <wrbtrader> That's interesting...I've seen someone else talk about trade rate and volatility
[09:46:33] <Donnin________> ill post what i mean
[09:47:13] <wrbtrader> There use a be a software program in the early 2000 that measure the rate of trades in the Time & Sales as a volatility gauge
[09:47:28] <wrbtrader> It had histograms, indicators, flow charts and such
[09:47:40] <wrbtrader> Very interesting program
[09:47:52] <Tigerman______> sh es 2757
[09:47:58] <wrbtrader> As soon as I was about to demo it...they go out of business.
[09:48:04] <Donnin________> you mind if i post it here
[09:48:21] <wrbtrader> They couldn't find a buyer of their business to support the software :(
[09:49:04] <Tigerman______> exit 2/3 @ 22654.5 +2.5pt
[09:49:49] <wrbtrader> Shorts Emini ES @ 2653.25 -> large size
[09:49:55] <wrbtrader> 10 contracts
[09:50:55] <wrbtrader> Covered all Emini ES Short @ 2650.75 --> + 2.5
[09:51:07] <wrbtrader> WRB pt1 reached
[09:51:26] <Donnin________> its a jpeg imag i might take up a large screen area lol
[09:51:39] <Donnin________> it*
[09:53:58] <Tigerman______> exit all rem 1/3 @ 2644 +13 pt
[09:54:33] <Tigerman______> it is rare these days get > 10 point trade :)
[09:54:40] <Tigerman______> yeah vola helped here
[09:54:59] <Donnin________> ha
[09:55:59] <Tigerman______> it was amost a wrb pt2 in 3min chart
[09:56:16] <Tigerman______> usually not easy to be patient and wait
[09:56:21] <wrbtrader> Shorts Emini ES @ 2642.25 -> large size
[09:56:34] <wrbtrader> re-entry 10 contracts
[09:57:16] <wrbtrader> Covered all Emini ES Short @ 2642.25 --> 0
[09:57:34] <wrbtrader> not able to roll over on the sudden increasing volatility :(
[09:57:38] <wrbtrader> intuition trade
[09:58:45] <Tigerman______> I do not know ...I just listenibg LOUD music on my noize remover headphones
[09:59:12] <Tigerman______> seems that help me to be isolated from outside noize
[09:59:34] <Tigerman______> so keep it concentrated on trading
[10:00:39] <Tigerman______> we filled now a zone from end October in ES 120min chart
[10:01:24] <Tigerman______> meanwhile VIX above 23
[10:02:37] <wrbtrader> I've read articles by cognitive PHd experts that "outside noise" as simple as a neighbor shoveling snow, car engine in the driveway, kids bouncing a ball on the sideway in front of house...it can have impact on our decision making in stressful situations.
[10:03:10] <wrbtrader> In fact, it can have impact on how our mind processes information from visual images on a monitor
[10:03:11] <Tigerman______> yeah exacltly
[10:04:52] <Tigerman______> my trading room is very quiet
[10:05:19] <Tigerman______> in contrast full music immersion is another story :)
[10:05:23] <Tigerman______> paradise
[10:07:06] <Tigerman______> sh es 41.25 intuition
[10:08:42] <Tigerman______> exit 2/3 @ 2639 +2.25
[10:10:30] <Tigerman______> exit 1/3 @ 39.50 +1.75
[10:11:49] <Tigerman______> sh es 2639
[10:12:55] <wrbtrader> Shorts Emini ES @ 2637.25 -> large size
[10:13:04] <wrbtrader> 10 contracts :(
[10:13:58] <wrbtrader> Covered all Emini ES Short @ 2636.50 --> + 0.75
[10:14:03] <wrbtrader> punks
[10:15:00] <wrbtrader> I tried shorting that @ 2642.00 and again @ 2641.25
[10:15:22] <wrbtrader> No fills on the limit orders...I was just too slow or something
[10:15:41] <Tigerman______> exit 1/3 @ 2634
[10:15:48] <Tigerman______> +5pt
[10:16:07] <wrbtrader> Then when I was able to get into the trade via a market order...my trail stop gets pick pocketed for a small profit of +0.75
[10:18:57] <Tigerman______> emh... someone note OIL crash 5% ?
[10:19:05] <Tigerman______> wow
[10:21:32] <werner1> hi all
[10:22:26] <wrbtrader> Key markets and volatility insync
[10:22:44] <wrbtrader> This is setting up volatility to decline more
[10:23:12] <wrbtrader> or slow down (not as fast price action)
[10:29:42] <wrbtrader> Shorts Emini ES @ 2649.50 -> large size
[10:29:56] <wrbtrader> 10 contracts
[10:29:59] <wrbtrader> late post
[10:31:24] <wrbtrader> now chop...lots of it :(
[10:32:02] <wrbtrader> Covered all Emini ES Short @ 2651.50 --> - 2
[10:32:25] <wrbtrader> rotating back up thru to WRB Zone...nearing now the R area
[10:32:27] <werner1> yeah ans fast price action ...atr nq 1 min @ 14.50
[10:33:34] <wrbtrader> Shorts Emini ES @ 2652.75 -> large size
[10:33:44] <wrbtrader> 10 contracts re-entry
[10:33:57] <werner1> Shorts Emini NQ @ 6542.50
[10:34:33] <wrbtrader> still chopping around
[10:35:29] <werner1> mist 27
[10:35:34] <werner1> :(
[10:36:00] <wrbtrader> geeesh
[10:36:06] <wrbtrader> all over the place
[10:36:06] <werner1> djeez
[10:36:10] <wrbtrader> Covered all Emini ES Short @ 2652.50 --> + 0.25
[10:36:31] <werner1> Covered all Emini NQ Short @ 6545.00 --> - 2.5
[10:37:26] <wrbtrader> Long Emini ES @ 2653.75 -> large size
[10:37:32] <wrbtrader> 10 contracts
[10:38:20] <Tigerman______> lg ES 2654
[10:38:20] <wrbtrader> struggling at the R area of the WRB Zone
[10:38:28] <werner1> Long Emini NQ @ 6558.00
[10:38:42] <wrbtrader> In contrast, NQ way above its own R area now
[10:39:46] <Tigerman______> exit 2/3 @ 56.75 +2.75
[10:39:53] <werner1> Exited all Emini NQ Long @ 6570.00 --> + 12
[10:40:06] <wrbtrader> Exited all Emini ES Long @ 2656.25 --> + 2.5
[10:40:43] <wrbtrader> another trail stop stolen as soon as I tighten it
[10:40:47] <wrbtrader> too much chop
[10:42:06] <werner1> nq is closing the gap
[10:42:39] <Tigerman______> exit all 1/3 @ 2659 +5pt
[10:45:40] <wrbtrader> Shorts Emini ES @ 2657.75 -> large size
[10:45:47] <wrbtrader> 10 contracts
[10:45:54] <wrbtrader> split order...weird
[10:46:08] <wrbtrader> 1 contract @ 2658.00
[10:46:45] <werner1> Shorts Emini NQ @ 6574.75
[10:47:13] <werner1> Covered all Emini NQ Short @ 6569.00 --> + 5.75
[10:48:55] <wrbtrader> trail tighten
[10:49:24] <wrbtrader> Covered all Emini ES Short @ 2657.25 --> + 0.5
[10:49:37] <wrbtrader> geeesh...trail stolen again
[10:50:23] <wrbtrader> Days like today...I feel like I'm wearing neon clothing on a battlefield at night
[10:50:41] <werner1> lol
[10:52:50] <wrbtrader> Long Emini ES @ 2661.50 -> large size
[10:53:33] <werner1> Long Emini NQ @ 6587.00
[10:53:41] <wrbtrader> This time I picked off the guy wearing "neon clothing" :)
[10:53:59] <wrbtrader> Exited all Emini ES Long @ 2664.75 --> + 3.25
[10:54:05] <wrbtrader> WRB pt1 reached
[10:56:09] <werner1> Exited all Emini NQ Long @ 6603.00 --> + 16
[11:01:36] <Tigerman______> lg es 67.50
[11:01:57] <Tigerman______> exit all @ 66.50 -1 pt
[11:07:18] <Tigerman______> lg es 2664.25
[11:07:22] <Tigerman______> intuition
[11:07:30] <Trendtrader> long nq 6594.75 sim
[11:08:04] <Tigerman______> exit all @ 2665.5 +1.25
[11:09:34] <Tigerman______> ok it was enought stresfull till now
[11:09:38] <Tigerman______> I finish here
[11:09:41] <werner1> Long Emini NQ @ 6609.00
[11:09:44] <Tigerman______> take care all see next time
[11:10:34] <werner1> pffff
[11:11:38] <werner1> Exited all Emini NQ Long @ 6608.00 --> - 1
[11:12:18] <werner1> Shorts Emini NQ @ 6599.00
[11:13:05] <werner1> Covered all Emini NQ Short @ 6594.00 --> + 5
[11:13:18] <Trendtrader> exit nq long 6595.75 +1 sim
[11:14:36] <werner1> djeez nq show me some shorts
[11:15:17] <werner1> Shorts Emini NQ @ 6584.50
[11:16:09] <werner1> Covered all Emini NQ Short @ 6574.50 --> + 10
[11:16:30] <wrbtrader> Shorts Emini ES @ 2658.00 -> small size
[11:16:33] <wrbtrader> 3 contracts
[11:16:57] <wrbtrader> Covered all Emini ES Short @ 2657.00 --> + 1
[11:18:46] <wrbtrader> The trade entry I missed and then chased...I had to cover the position at WRB pt1
[11:19:03] <wrbtrader> Entry signal @ 2662
[11:19:20] <wrbtrader> 4 points higher than my actual entry :(
[11:20:28] <wrbtrader> I use to keep statistics on how much money I left on the table via "late entries"
[11:21:06] <wrbtrader> In those years of that specific stats from 2010 - 2015...
[11:21:27] <wrbtrader> I left on the table an average of 12k per month via late entries
[11:22:16] <werner1> wow
[11:22:17] <wrbtrader> For some traders that could easily be the difference betweeen a profitable month versus a losing month
[11:23:11] <wrbtrader> Late entries is my achilles weakness
[11:24:40] <wrbtrader> If I can solve that problem in the trader psychology for myself...I will have LESS stressful trading days
[11:27:27] <wrbtrader> more contracting volatility intervals
[11:27:30] <werner1> Shorts Emini NQ @ 6569.00
[11:27:35] <wrbtrader> I'm now expecting a volatility spike here soon
[11:27:57] <werner1> mist 60.25
[11:28:59] <werner1> Covered all Emini NQ Short @ 6560.25 --> + 8.75
[11:29:25] <wrbtrader> Shorts Emini ES @ 2652.50 -> small size
[11:29:32] <wrbtrader> 1 contract
[11:29:38] <wrbtrader> another late entry :(
[11:30:40] <wrbtrader> Covered Emini ES Short @ 2652.00 --> + 0.5
[11:31:05] <werner1> atr nq 1 min @10
[11:31:11] <wrbtrader> late entry plus chop...lucky I even got a profit on that trade
[11:32:01] <werner1> Long Emini NQ @ 6570.00
[11:33:12] <werner1> late
[11:34:39] <werner1> Exited all Emini NQ Long @ 6564.00 --> - 6
[11:35:20] <werner1> Shorts Emini NQ @ 6558
[11:35:27] <werner1> 6558.00
[11:36:37] <werner1> Covered all Emini NQ Short @ 6570.00 --> - 12
[11:36:41] <Donnin________> are u late con entry for specific reason?
[11:37:59] <werner1> yes i post when my tade is done
[11:38:31] <Donnin________> ok
[11:39:08] <wrbtrader> Donnin...many years ago (before 2010)...I use to talk about why I don't trust signal calling rooms and why I refuse to offer a signal calling service...
[11:39:39] <wrbtrader> Its a big distraction to take a trade and then immediately post that trade in a trade room
[11:40:22] <wrbtrader> Worst, its really a scary thing to do when you have real money on the line
[11:40:47] <wrbtrader> I adopted that rule for the chat room to help eliminate the trolls using the room and not posting anything
[11:41:02] <wrbtrader> eventhough there's no signal calling service here :)
[11:41:52] <wrbtrader> After that rule went into effect...there were LESS 35 members the next trading day
[11:42:56] <wrbtrader> My point...its natural to have a "delay" between the trade in the trade execution platform and the trade being posted here in the chat room
[11:44:43] <wrbtrader> Reason why I show my timestamp of trades in my broker trade execution platform versus the timestamp of the same trades posted in the free chat room here...my way to show why I don't believe mimic/copying/replicating someone's posted trades in a chat room or trade room is possible...
[11:45:10] <wrbtrader> There's just too much slippage in which a person will NOT get the same fills
[11:46:13] <wrbtrader> For example...look at the timestamp of the recent trades in one of my recent PnL statements @ http://www.thestrategylab.com/images/11 ... tement.png
[11:46:52] <wrbtrader> Now conpare the times shown in my TT platform versus the times I posted my trades in the chat room
[11:47:06] <wrbtrader> Keep in mind that I'm using an "auto-script" to post my trades
[11:47:41] <werner1> and me not :(
[11:47:43] <wrbtrader> This is why I do NOT believe in signal calling services
[11:48:23] <werner1> Shorts Emini NQ @ 6603.00
[11:49:28] <wrbtrader> Therefore, its natural to have a delay between the trade confirmation versus the posting of the trade
[11:50:00] <wrbtrader> No human alive on this planet can post the trade with the exact same time as the trade confirmation :)
[11:50:22] <wrbtrader> IMPOSSIBLE
[11:50:22] <werner1> Covered all Emini NQ Short @ 6597.00 --> + 6
[11:50:51] <werner1> indd
[11:51:48] <werner1> dog walk here ...bbl
[11:56:38] <Donnin________> yeah a whole
[11:56:49] <Donnin________> 15 seconds
[11:57:30] <wrbtrader> Actually, the Freenode server is delay by 7 seconds on that particular server on that trading day.
[11:58:01] <wrbtrader> Thus, deduct 7 secs from 15 secs = 8 seconds
[11:58:22] <Donnin________> yes
[11:58:24] <wrbtrader> I was slow that day too...my average is 3.2 seconds
[11:58:37] <wrbtrader> Still super fast posting
[11:58:46] <wrbtrader> via an auto-script
[11:59:07] <Donnin________> i had no idea you used a auto script thats is fast
[11:59:19] <Donnin________> i wish you where swing trading
[11:59:36] <wrbtrader> Yet, I have an advantage over most people using trade rooms or chat rooms...
[12:00:28] <wrbtrader> I prepare my trades in "advance" in the auto-script and its still gets posted with a delay :(
[12:02:06] <wrbtrader> That's why when I see review websites "recommending" signal calling services...
[12:02:09] <wrbtrader> I laugh
[12:02:50] <wrbtrader> I ask them to just show the timestamp trades in the broker platform and the timestamp trades of the posted signal call...
[12:03:00] <wrbtrader> Clients will then see the true story
[12:03:46] <wrbtrader> They can NOT get the same fills when the see the posted trade...its just NOT possible
[12:05:28] <wrbtrader> In fact, I will go as far to say that if someone is truly trading with real money...posting trades in a chat room is a BIG distraction from their trades
[12:06:36] <wrbtrader> Its why I BAM people if I catch them trying to mimic/copy my posted trades in here
[12:06:49] <wrbtrader> meant BAN...not BAM
[12:08:25] <Donnin________> i dont even try
[12:08:53] <Donnin________> i wouldn’t mind being on block trade with you
[12:09:25] <wrbtrader> It's also one of the primary reasons why I have big issues with the idiot name Emmett Moore Jr. with a review blog...posting a negative review about our free chat room.
[12:09:54] <wrbtrader> He pretended it was a signal calling trade room in here in which members are told when the buy and when to sell :(
[12:10:30] <wrbtrader> Nobody in here is telling anyone when to buy and when to sell
[12:10:41] <wrbtrader> The guy hurt my feelings
[12:10:44] <wrbtrader> :)
[12:10:45] <wrbtrader> LOL
[12:12:11] <Donnin________> lol
[12:12:25] <Donnin________> i wish you where we be making a boat load of ,,,,,,
[12:13:01] <wrbtrader> I crossed my mind once in 1999
[12:13:32] <Donnin________> maybe jus to the dedicated members
[12:13:38] <wrbtrader> I then tested it and saw the delays in posting live trades after trade confirmation in a broker trade execution platform
[12:14:09] <wrbtrader> Just not fair to charge a few due to the timestamp delays
[12:14:25] <wrbtrader> meant not fair to charge a FEE
[12:15:27] <Donnin________> when a user set the order in his dom
[12:15:38] <Donnin________> even if its pending
[12:15:47] <wrbtrader> I even tested it via audio...still not possible...too much of a delay
[12:15:53] <Donnin________> it also is send to the other person
[12:15:58] <Donnin________> account
[12:16:27] <Donnin________> ive been on block trade before with a person i paided
[12:17:13] <wrbtrader> You can not get similar like fills unless "maybe" if you put in limit orders or stop orders and then HOPE the price retraces back through the posted price by the signal caller...
[12:17:24] <Donnin________> unfortunately he couldn’t actually trade
[12:17:26] <wrbtrader> That's when you can then get the "same fill"
[12:18:11] <Donnin________> with your style
[12:18:20] <Donnin________> i believe its every tight
[12:18:36] <Donnin________> and yes would be difficult to actually be in every trade
[12:18:45] <wrbtrader> I think that its because its too "tight" as you noted...
[12:19:07] <wrbtrader> That's why some folks join those "manage trade accounts" at the broker
[12:19:21] <Donnin________> yes
[12:19:22] <wrbtrader> They ask for people to trade their money :(
[12:19:55] <Donnin________> im embarrassed to say i wa one of those
[12:20:37] <wrbtrader> You let someone trade your money...did you get it all back ???
[12:20:49] <Donnin________> he lost it in trading
[12:20:52] <Donnin________> it
[12:21:01] <wrbtrader> He lost all of it ?
[12:21:11] <Donnin________> i been a big sucker for a long time
[12:21:44] <Donnin________> not sure what my problem was i was very eager to just make everything back
[12:22:03] <Donnin________> and that just make things worse of course
[12:23:08] <Donnin________> i was a long way from knowing how to trade the market
[12:23:29] <Donnin________> even now ive just finish my own system i can say its complete
[12:23:47] <Donnin________> but it took much longer than i thought
[12:24:37] <Donnin________> i just finished it last around last month anyone with there right mind would of stopped long ago
[12:26:20] <Donnin________> it reflects my personality
[12:27:44] <Donnin________> i guess that what a real system will mimic
[12:29:09] <Donnin________> i havent looks at and extensive amount of data just 8 yrs
[12:29:53] <Donnin________> but that does cover most recent in my book
[12:31:23] <wrbtrader> I really hope you can get back to the starting point with your money...
[12:31:52] <wrbtrader> I've never will be a fan of signal call trade rooms nor managage trade accounts by someone
[12:32:01] <Donnin________> thx
[12:33:09] <wrbtrader> My very first trade I lost 12k in one day after getting advice from a friend that a multi-million dollar deal will be signed by the company I bought stocks into
[12:33:16] <wrbtrader> 12k in one day
[12:33:34] <wrbtrader> A big price move...it was GONE :(
[12:33:51] <wrbtrader> Company then file for bankruptcy the next day
[12:34:38] <wrbtrader> I told my friend to stay away from me if he value his life
[12:34:51] <wrbtrader> We didn't speak to each other for one year
[12:34:56] <werner1> donnin it took me more than 15 yaers :(((
[12:35:00] <Donnin________> was that your savings
[12:35:23] <werner1> years
[12:35:33] <wrbtrader> Not my savings...just a big chunk of my "trading capital" at that time
[12:35:39] <Donnin________> i see
[12:35:56] <wrbtrader> A year later my grandparents both died in the same year in France
[12:36:14] <Donnin________> oh thats really tough
[12:36:16] <wrbtrader> They left me a lot of money and their house...same house i was born in
[12:36:51] <wrbtrader> I still own it today...use it as a vacation home whenever I go to Europe
[12:37:12] <wrbtrader> My cousin takes care of it
[12:38:20] <wrbtrader> Its painful to watch someone you know and they lose money
[12:39:06] <werner1> :)
[12:39:12] <wrbtrader> I watched my ex spouse old man lose about 500k in the markets in "one single day"
[12:39:35] <werner1> wow
[12:39:46] <wrbtrader> Although he's a millionaire...he still almost had a heart attack
[12:39:46] <Donnin________> he was a millionare i hope
[12:40:11] <wrbtrader> Actually he had to be rushed to the hospital and they said it was just a "panic attack"
[12:40:28] <werner1> tsss
[12:41:13] <wrbtrader> Reminded me of the stories I read about Wall Street in the great market crash...
[12:41:28] <wrbtrader> People were comitting suicide via jumping out of windows
[12:42:06] <werner1> yep indd
[12:42:32] <wrbtrader> Money has too much power because its connected to our well being
[12:43:15] <wrbtrader> People kill over Money
[12:43:52] <wrbtrader> It really is scary if we take a long look at the power that Money has
[12:44:48] <werner1> but that never happens here ...i only play with money that i dont use for my income
[12:45:02] <wrbtrader> Same here
[12:45:34] <wrbtrader> some people say I should be putting on million dollar trades instead of 10 contract trades
[12:46:09] <wrbtrader> I say I bet the first time I put on a million dollar trade...the market does something crazy in the opposite direction
[12:46:13] <wrbtrader> :)
[12:46:27] <werner1> hihi
[12:47:44] <werner1> ok diner here ..bbl
[12:47:44] <wrbtrader> Reminds me of my first party I went to as a teenager...
[12:48:04] <wrbtrader> I met this hot girl...went outside started making out
[12:48:18] <wrbtrader> I got cocky and went back inside to pick up another girl
[12:48:43] <wrbtrader> Went outside with her to only get caught by the other girl (her sister)
[12:48:45] <wrbtrader> :(
[12:48:56] <wrbtrader> Should'uv just stay with the first girl
[12:48:57] <werner1> lol
[12:49:06] <wrbtrader> I pushed my luck too far :)
[12:49:25] <werner1> great story :)
[12:50:44] <wrbtrader> Anybody in here using Windows 10 for trading ?
[12:51:03] <werner1> yes
[12:51:04] <wrbtrader> meant trading on a computer with windows 10 as their operating system
[12:52:39] <werner1> bbl
[12:53:20] <wrbtrader> Long Emini ES @ 2657.50 -> small size
[12:53:25] <wrbtrader> 1 contract
[12:54:19] <wrbtrader> testing a new stop loss management. Stop @ 2655.25
[12:55:49] <wrbtrader> Exited Emini ES Long @ 2655.00 --> - 2.5
[12:55:53] <wrbtrader> :(
[12:58:22] <wrbtrader> This is another weakness in my trading...after a trade loss...sometimes I will start analyzing what went wrong...causing me to miss the next trade opportunity that would have been profitable.
[12:59:47] <wrbtrader> Shorts Emini ES @ 2652.50 -> small size
[12:59:54] <wrbtrader> 1 contract
[13:00:23] <wrbtrader> geeesh...chop just showed up
[13:00:35] <wrbtrader> I must have those neon cloths on again
[13:01:43] <wrbtrader> Covered Emini ES Short @ 2654.00 --> - 1.5
[13:02:33] <wrbtrader> Shorts Emini ES @ 2651.75 -> small size
[13:02:48] <wrbtrader> re-entry at a lower price
[13:04:44] <wrbtrader> I was expecting a volatility spike to show up from all of the contracting volatility with chop...
[13:04:52] <wrbtrader> So far it has not shown up :(
[13:06:07] <wrbtrader> Covered Emini ES Short @ 2653.50 --> - 1.75
[13:08:19] <wrbtrader> Long Emini ES @ 2653.75 -> small size
[13:08:26] <wrbtrader> 3 contracts
[13:10:26] <wrbtrader> I need 2655.75 at the minimum
[13:10:57] <wrbtrader> more contraction showing up
[13:11:05] <wrbtrader> making it a little more scarier
[13:17:02] <wrbtrader> Still no volatility spike and I'm losing my patience
[13:18:36] <wrbtrader> R areea @ 2655.00
[13:19:47] <wrbtrader> Exited all Emini ES Long @ 2650.25 --> - 3.5
[13:20:00] <wrbtrader> Shorts Emini ES @ 2650.25 -> large size
[13:20:06] <wrbtrader> 10 contracts
[13:20:10] <wrbtrader> position reversal
[13:20:28] <wrbtrader> volatility spike showed up...not in the direction I had expected
[13:20:54] <wrbtrader> Large size to recover the losses in the recent trades
[13:21:17] <wrbtrader> WRB pt1 reached
[13:22:42] <wrbtrader> contraction showing up again :(
[13:22:44] <wrbtrader> geeeesh
[13:24:33] <wrbtrader> tightning trail stop
[13:27:05] <wrbtrader> As my hold times expanding for the trades...losses are getting bigger and profits are getting bigger
[13:28:04] <wrbtrader> Trick is in the position size management
[13:28:50] <wrbtrader> I'm now expecting another volatility spike
[13:29:01] <wrbtrader> tightning my trail stop a little more
[13:29:26] <wrbtrader> Covered all Emini ES Short @ 2647.00 --> + 3.25
[13:29:50] <wrbtrader> looking now for a re-entry
[13:31:32] <wrbtrader> Shorts Emini ES @ 2645.50 -> small size
[13:31:43] <wrbtrader> 3 contracts
[13:34:01] <wrbtrader> Covered all Emini ES Short @ 2647.75 --> - 2.25
[13:34:05] <wrbtrader> :(
[13:34:23] <wrbtrader> tough area of contracting volatility
[13:34:57] <wrbtrader> back inside the body of the most recent Down WRB Hidden GAP interval
[13:36:37] <wrbtrader> Shorts Emini ES @ 2646.00 -> large size
[13:36:46] <wrbtrader> 10 contracts
[13:38:58] <wrbtrader> :(
[13:40:45] <wrbtrader> more contracting volatility...trade hold duration increasiong
[13:41:06] <wrbtrader> the two do not mix well
[13:41:59] <wrbtrader> Covered all Emini ES Short @ 2648.00 --> - 2
[13:43:26] <wrbtrader> back to the R area of the WRB Zone
[13:45:02] <wrbtrader> Now that prior contracting volatility that i tried to go Long within...its acting as a R area
[13:53:27] <wrbtrader> Shorts Emini ES @ 2649.00 -> large size
[13:53:35] <wrbtrader> 10 contracts
[13:55:24] <wrbtrader> used the scope on my sniper rifile on that one
[13:55:39] <wrbtrader> still not getting what I really want
[13:55:59] <wrbtrader> a WRB pt1 via a volatility spike
[13:56:42] <wrbtrader> Covered all Emini ES Short @ 2648.50 --> + 0.5
[13:56:48] <wrbtrader> :(
[13:57:39] <wrbtrader> Shorts Emini ES @ 2647.00 -> large size
[13:57:54] <wrbtrader> re-entry
[13:58:06] <wrbtrader> chop showed up :(
[13:58:39] <wrbtrader> It has killed 4 of my trades today...resulting in losses
[14:00:25] <wrbtrader> back to the most recent reaction low
[14:03:44] <wrbtrader> back to the WRB pt1
[14:03:55] <wrbtrader> but it was not on a volatility spike
[14:05:35] <wrbtrader> WRB pt1 reached via a Volatility Spike
[14:06:25] <wrbtrader> Covered all Emini ES Short @ 2639.75 --> + 7.25
[14:06:43] <wrbtrader> Hard fought battle to get the trade I wanted
[14:10:37] <Donnin________> trade management is whole of ball game
[14:10:56] <Donnin________> thats almost as hard as building a winning strategy
[14:11:12] <wrbtrader> Exactly
[14:12:01] <wrbtrader> I use to use the exact same size on every trade until I learned more about position size management
[14:12:13] <Donnin________> i haven’t toughed that topic i have ball park runs on every trade same size
[14:13:53] <wrbtrader> I can't remember exactly why I got into position size management but it had something to do when my statistics revealed the difference in my trading results depending upon the time of day
[14:14:16] <wrbtrader> Same on the probability of the trading signal
[14:15:24] <wrbtrader> Anyways, I'm done for the day
[14:16:14] <wrbtrader> Actually should have called it quits earlier but I became fixated on catching a WRB pt1 on a Volatility Spike
[14:17:07] <wrbtrader> I'll be logged in tomorrow but will not be trading...I have a few appointments tomorrow early in the morning. Not sure if I'll be trading the afternoon trading session
[14:17:46] <wrbtrader> Bye all
[15:25:24] <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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