##TheStrategyLab Price Action Chat Room Logs

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
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##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.

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


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

[09:28:26] * Now talking in ##TheStrategyLab
[09:28:26] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:28:41] <Trendtrader> all
[09:39:22] <wrbtrader> Shorts Emini ES @ 2635.75 -> large size
[09:39:39] <wrbtrader> 10x
[09:40:34] <Tigerman______> all
[09:40:42] <Tigerman______> sh SPY 263.60
[09:42:39] <Tigerman______> exit all @ 63.50 +10 tk
[09:42:58] <wrbtrader> Covered all Emini ES Short @ 2633.50 --> + 2.25
[09:43:04] <wrbtrader> punks
[09:43:13] <wrbtrader> trail stop pick pocketed
[09:43:48] <wrbtrader> problem was with the price action of Emini NQ...it stabilized and then started retracing back upwards
[09:46:25] <Tigerman______> till now action is confusing
[09:47:27] <Tigerman______> news 10:30am speack in UK about vote
[09:47:49] <Tigerman______> speaks I mean
[09:49:14] <wrbtrader> sorry...I took a 1 contract trade...not posted
[09:49:23] <wrbtrader> didn't have time
[09:49:32] <Tigerman______> sh Spy 262.85
[09:49:46] <wrbtrader> Short @ 2627.50 and cover the position @ 2631.50
[09:50:00] <wrbtrader> ooops...reverse
[09:50:19] <wrbtrader> Short @ 2631.50 and cover @ 2627.50
[09:50:28] <Tigerman______> exit 2/3 @ 62.65 +20t
[09:50:35] <wrbtrader> Got my position size mixed up
[09:51:04] <wrbtrader> Thought I was Short 10x and realize I only had 1 contract...was pssst...just froze and watched
[09:51:11] <wrbtrader> Reason why I didn't post anything
[09:51:51] <wrbtrader> Also mad about it being a "POOR ENTRY"...just bad
[09:52:08] <wrbtrader> Trade Signal was @ 2633.25
[09:53:56] <wrbtrader> I've been noticing more emotions in my trading lately...getting pssst off about my connection problems, getting pssst off about poor entries and getting pssst off about the lack of concerns from my ISP & broker about my complaints
[09:55:16] <Tigerman______> exit all 1/3 @ 261.50 +35 tk
[09:56:37] <Tigerman______> yeah emotions impact a lot
[09:57:04] <Trendtrader> Maybe it's the time of year. I had a perfectly good long on the open that I stopped myself out at 1t of profit on. I've been sitting here irritated and not trading since.
[09:59:52] <Trendtrader> I had entered on the NQ at 6608.5 and exited 6608.75 at 09:30:03 and out at 09:30:56 and well, you see what I missed out on.
[10:00:55] <wrbtrader> Yeah...I"m going to chalk the blame on already being tired for the pre Xmas holidays
[10:01:24] <wrbtrader> Yesterday on Sunday...took a quick nap for what I thought was only 30mins...woke up 5 hours later
[10:01:35] <wrbtrader> Didn't even realize I was that tired
[10:02:03] <Tigerman______> good you are able to well .. I cant so good after my accident
[10:02:17] <wrbtrader> My kids quietly played Xbox 360 and Nintendo all afternoon...they said I was snoring and they didn't want to disturb me
[10:04:02] <Trendtrader> You must have really needed the !
[10:04:33] <Tigerman______> last time I slept well was because high fever some weeks ago
[10:05:01] <wrbtrader> Trend...exactly...that's something I'm no longer good at noticing...when I needed rest
[10:05:58] <wrbtrader> That hospitalization in the fall of 2016 still has my body out of whack...not sure if those subtle things like not being able to recognize when I'm exhausted will ever be fixed
[10:06:22] <wrbtrader> I even still have problems with my body temperature
[10:06:48] <wrbtrader> House is like a sauna or sweat box accordingly to my kids but I'm freezing on most days
[10:08:32] <wrbtrader> right now its 80 degrees in my house...I'm wearing a sweater because I'm cold
[10:08:39] <Trendtrader> Do you take you body temperature?
[10:09:02] <wrbtrader> No...never thought about that
[10:09:24] <wrbtrader> If I feel cold...I put on warmer clothing
[10:09:34] <wrbtrader> Use to never do such before the illness.
[10:10:22] <wrbtrader> Use to trade with a short sleeve thin white business like shirt on and dress kaki pants
[10:10:41] <wrbtrader> Don't do that anymore...now its with sweaters with turtle necks
[10:11:10] <Trendtrader> That's a big difference.
[10:11:59] <wrbtrader> I have an extra room that I use as a library or guest room...
[10:13:05] <wrbtrader> I'm considering having it converted into an exercise room...free weights, boxing bag and rowing machine with a monitor installed so that I can see one of my charts
[10:13:38] <wrbtrader> That way whenever I'm feeling "very cold"...I can work out for a few minutes to get my core body temperature UP
[10:14:26] <Tigerman______> wrbtrader 80 F it is hot in winter
[10:14:44] <Tigerman______> hera I have around 70F
[10:15:27] <Tigerman______> problem sit down long x trading can feel cold at hands
[10:15:42] <Tigerman______> exercize room is a good idea
[10:16:06] <Trendtrader> I think so too.
[10:19:18] <wrbtrader> Yeah...me too. I'm going to see a remodel guy and my fitness instructor in January
[10:20:23] <wrbtrader> We're going to sit down together to come up with a design for a home gym with weights, boxing bags and rowing machine.
[10:20:28] <Tigerman______> ah good it is my plan too .. going in better shape
[10:21:06] <wrbtrader> I'm in top shape again but the cold body temperature during the trading day is bugging the hell out of me
[10:22:16] <wrbtrader> I hate it when my kids say its hot as hell at home and they ask me to turn on the air condition when its Winter right now with 4 feet of snow outside
[10:23:52] <wrbtrader> To make them happy...I can stay cold (normal heat at 68 F) until the end of January when the new home gym will be in place
[10:24:14] <Trendtrader> All this gym talk is motivating me to go and I've been meaning to get back to it for months now. I'll be back later. I'm going to go to the gym right now.
[10:24:16] <Tigerman______> yeah usually in youngers blood and everything works great
[10:26:52] <Tigerman______> sh Spy 262.50
[10:29:22] <Tigerman______> exit all 1/3 @ 262.20 +30t
[11:02:27] <wrbtrader> Shorts Emini ES @ 2592.00 -> large size
[11:02:31] <wrbtrader> 10x
[11:03:19] <wrbtrader> strong increasing volatility...pushing price action south with a ton of pressure
[11:03:49] <wrbtrader> Covered all Emini ES Short @ 2586.00 --> + 6
[11:12:21] <wrbtrader> Long Emini ES @ 2562.75 -> large size
[11:12:28] <wrbtrader> 10x
[11:13:20] <wrbtrader> Exited all Emini ES Long @ 2589.25 --> + 26.5
[11:13:46] <wrbtrader> Shorts Emini ES @ 2589.50 -> large size
[11:13:53] <wrbtrader> 10x
[11:14:04] <wrbtrader> correction on prior Short
[11:14:11] <wrbtrader> entry incorrect
[11:14:30] <wrbtrader> 2592.75
[11:15:00] <wrbtrader> Covered all Emini ES Short @ 2591.50 --> - 2
[11:17:26] <wrbtrader> -3.5 on the prior trade (Long position)
[11:17:49] <wrbtrader> Shorts Emini ES @ 2587.00 -> large size
[11:17:54] <wrbtrader> 10x
[11:18:26] <wrbtrader> Covered all Emini ES Short @ 2587.00 --> 0
[11:23:14] <wrbtrader> Shorts Emini ES @ 2588.75 -> large size
[11:23:18] <wrbtrader> 10x
[11:24:33] <wrbtrader> weird price action
[11:26:02] <wrbtrader> Covered all Emini ES Short @ 2588.25 --> + 0.5
[11:26:13] <wrbtrader> It caught me good on two consecutive losing trades in recent trades...
[11:26:38] <wrbtrader> very tight trading range but the price action is moving fast within the tight trading range...up and down
[11:27:54] <wrbtrader> Long Emini ES @ 2590.25 -> large size
[11:27:59] <wrbtrader> 10x
[11:29:02] <wrbtrader>
[11:29:16] <wrbtrader> speed increasing again in a very tight trading range
[11:30:04] <Tigerman______> yep tight range contracting after 11am
[11:30:41] <wrbtrader> crazy price action
[11:31:23] <wrbtrader> I still can't get use to it...very hard to adapt to it
[11:31:44] <Tigerman______> yeah agreed thats the key point
[11:32:05] <Tigerman______> price very Fast shake us out after jumpinh back and forth
[11:32:06] <wrbtrader> Exited all Emini ES Long @ 2597.25 --> + 7
[11:32:51] <wrbtrader> Its the speed I'm having trouble adjusting too...
[11:33:05] <wrbtrader> Most of my entries are "late entries"...
[11:33:38] <wrbtrader> I could have had trades today with a better entry by about +2 points
[11:33:51] <wrbtrader> Makes a big difference on each trade result
[11:34:38] <wrbtrader> The speed of the price movement freezes me like a deer in front of headlights on a dark night
[12:52:07] <Donnin________> i just traded my losses off momenturm
[12:52:31] <Donnin________> im still impulsive
[12:52:45] <Donnin________> for a recovery
[12:53:34] <Donnin________> i can't seem to wait for a real setup
[12:54:46] <Donnin________> i miss them then just pull the trigger on expected continuation
[12:58:27] <Tigerman______> hi donnin yeah it is common mistake traders do
[12:58:48] <Tigerman______> needs a lot of time to overcome that
[12:59:16] <Tigerman______> it is that mental game part... very very difficult
[13:00:12] <Tigerman______> OK just finish docs xand trade x today
[13:00:18] <Tigerman______> take care all see next time
[13:00:49] <Donnin________> yes you nailed it
[13:01:55] <Donnin________> basically i took 3 randoms trades to recover 1 loss i just loss it mentally
[13:02:04] <Donnin________> lose
[13:22:22] * Disconnected
[13:22:36] * Attempting to rejoin channel ##TheStrategyLab
[13:22:43] * Rejoined channel ##TheStrategyLab
[13:22:43] -ChanServ- [##TheStrategyLab] Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[13:22:43] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[13:35:57] <wrbtrader_away> Just got back from a break...didn't know I was breifly disconnected around 13:22pm
[13:36:31] <wrbtrader_away> looks like for 20 seconds I was disconnected
[13:36:52] * wrbtrader_away is now known as wrbtrader
[13:52:29] <Trendtrader> I'm back. What a wild day.
[13:54:08] <wrbtrader> Yeah...after the lows...the Emini Futures have retraced back upwards and are now about to fill in the Big Down WRB Hidden GAP interval on the 60min chart
[13:55:00] <Trendtrader> Some really large moves.
[13:55:14] <wrbtrader> By the way, after all of those complaints to my broker last week about the "delays" in my fills in comparison to what the actual price was...delays I saw a few times today but not when I was trading...
[13:55:37] <wrbtrader> I have now gotten a message follow up a a global message on the platform itself...
[13:55:42] <wrbtrader> It saids the following...
[13:55:48] <Trendtrader> yes? what was the result?
[13:56:11] <wrbtrader> "We aere currently investigating front-end price latency on CME products"
[13:56:40] <wrbtrader> At least I know they see some kind'uv problem and its not just me
[13:57:27] <Trendtrader> Wow, so that sounds like they are aware there is a problem that they need to address.
[13:57:32] <wrbtrader> Yet, I bet they blame it on the CME and the CME will then blame it on the brokers
[13:57:44] <wrbtrader>
[13:58:26] <Trendtrader> That wouldn't surprise me either. The same sort of finger pointing happened to me years ago with my internet connection...
[13:59:05] <Trendtrader> the isp would blame the router manufacturer and the router manufacturer would tell me it was an isp problem.
[13:59:13] <Trendtrader> very frustrating.
[14:00:23] <wrbtrader> I became suspicious when the spread on Emini ES is only 1 tic (.25) but the fills are anywhere between 0.75 - 1.50
[14:01:36] <wrbtrader> That's why I was Shorting only on upticks or going Long only on downticks...I was trying to minimize the problem
[14:01:44] <Trendtrader> Yeah, the fills are usually no different from the spread, unless there is some temporary extreme volatility in the instrument.
[14:02:46] <wrbtrader> They refer to it as "front-end latency" problem...
[14:02:46] <Trendtrader> I remember you doing that last week. You are tougher then me. I don't think I could have traded like that.
[14:03:55] <wrbtrader> The paranoid side of me see it as someone or institution gaming the systems...fills occurring outside what the current price are showing
[14:05:21] <wrbtrader> Feels like every day I need to adapt to some crap going on in the market...something I had no prior experience with
[14:06:56] <wrbtrader> This year profits of 2018...feels like I had to fight in a bar room fist fight...had to really earn every penny in comparison to prior year before my illness
[14:07:37] <wrbtrader> Too much against us that we don't even realize
[14:07:55] <Trendtrader> Not fun. Getting too old for bar room fist fights.
[14:08:05] <wrbtrader> Agree
[14:10:54] <wrbtrader> Shorts Emini ES @ 2630.50 -> large size
[14:10:59] <wrbtrader> 10x
[14:11:17] <wrbtrader> another strange fill but this time in my favor
[14:16:00] <wrbtrader> Covered all Emini ES Short @ 2628.00 --> + 2.5
[14:16:46] <wrbtrader> got burnt on the exit
[14:17:27] <wrbtrader> I market out when price was at 2626.75
[14:17:43] <wrbtrader> Immediately filled @ 2628.00
[14:19:07] <wrbtrader> I recorded the difference between the time I clicked the "buy" button to cover that Short to the actual confirmation 0.001
[14:19:22] <wrbtrader> Yet the fill was 2628
[14:19:28] <wrbtrader> crazy
[14:20:19] <wrbtrader> 2626.75 and then 0.001 seconds later...I'm filled @ 2628.00
[14:21:08] <Trendtrader> really strange
[14:22:25] <wrbtrader> Gotta be that "front-end latency" problem
[14:23:07] <wrbtrader> Must be the same reason why I visually see those crazy super fast moving price action
[14:24:23] <Trendtrader> you mean because all of the older data comes rushing in at once?
[14:26:01] <wrbtrader> Yeah...it does seem like there's a back log of data or orders that suddenly come rushing in all at once but it will last for 1 - 2 minutes...trade normally and then repeat it all over again
[14:26:15] <wrbtrader> Moving quickly 3 - 7 points
[14:26:37] <wrbtrader> funny thing is this...
[14:27:00] <wrbtrader> I've recently seen traders preaching to battle this crap is via NOT using stops
[14:27:53] <wrbtrader> Every one I've ask what has been their trade performance since October when this super fast price action first appeared...many of them admitted they "BLEW UP" their accounts
[14:28:03] <wrbtrader> The same ones preaching NOT to use stops
[14:28:52] <wrbtrader> Its like some crazy computer outfit out there is gaming the systems at the CME...
[14:29:26] <wrbtrader> And they they are sending out folks to post online on facebook, twitter and forums to NOT use stops
[14:29:55] <wrbtrader> Its been weird to see all of those unfolding since October
[14:30:00] <Trendtrader> Why would they do that??
[14:30:57] <wrbtrader> Traders that don't use stops will statistically lose their money FASTER than traders that use stops while trading the CME
[14:31:09] <wrbtrader> Reason is due to margin requirements
[14:32:41] <Trendtrader> So because they don't have a stop and their position size is too high when the margin requirements force a closure of the position they lose it all?
[14:33:55] <wrbtrader> They lose a lot when the margin requirements force closure of the position...the account has shrunk so much do the the open loss that it no longer meets the margin rules
[14:34:04] <wrbtrader> Position gets closed
[14:34:16] <wrbtrader> Prices then move super fast
[14:34:39] <wrbtrader> Meant...if it happens enough with enough traders at the same time...margin calls...
[14:34:44] <wrbtrader> Prices travel fast
[14:34:47] <wrbtrader> very fast
[14:35:16] <wrbtrader> A mad rush for the exit sort'uv speak
[14:35:53] <wrbtrader> I'm just throwing out there many theories about what's causing the super moving price action
[14:36:44] <wrbtrader> It can not be as simple as the broker sending out notifications that the CME products are having "front-end latency" problems
[14:37:28] <Trendtrader> I agree.
[14:37:55] <Trendtrader> and I haven't had these same problems as you have had with my entries and exits.
[14:38:30] <Trendtrader> If the problem was with the CME alone we would all have the same issues.
[14:39:08] <wrbtrader> Long Emini ES @ 2639.50 -> small size
[14:39:13] <wrbtrader> 3x
[14:39:29] <wrbtrader> Exited all Emini ES Long @ 2637.25 --> - 2.25
[14:39:57] <wrbtrader> Shorts Emini ES @ 2635.75 -> small size
[14:40:00] <wrbtrader> 3x
[14:41:14] <wrbtrader> Covered all Emini ES Short @ 2637.50 --> - 1.75
[14:41:52] <wrbtrader> Also, I have been recordind/documenting other "out of range" data in the times & sales
[14:42:48] <wrbtrader> I will get like a 5 point difference for 1 - 3 contracts and then its back to the normal price movement...within that 0.25 tick movement
[14:43:21] <wrbtrader> It just happen again...
[14:43:51] <Trendtrader> How is that possible? That you see transactions occurring outside the bid/ask price?
[14:44:28] <Trendtrader> That seems super sketchy to me.
[14:45:12] <wrbtrader> For example 14:43:03 @ 2637.25 and then the very next order is 14:43:03 @ 2641.25 and then the next order 14:43:03 @ 2637.50
[14:45:52] <wrbtrader> I'm on the December 2018 contract and I have up the March 2019 contract for comparison...
[14:46:15] <Trendtrader> ah, so an abnormal spread suddenly shows up?
[14:46:18] <wrbtrader> Some of the March 2019 contracts are showing up in the December 2018 contract trades
[14:46:50] <wrbtrader> If someone was only watching the Emini ES December 2018 contracts and only trading that...
[14:47:34] <wrbtrader> They happen to be DOM traders...they will be given bad info with those strange quotes showing up the the December 2018 DOM
[14:49:03] <wrbtrader> I am not suppose to see transactions "outside" the bid/ask
[14:49:17] <Trendtrader> correct
[14:49:29] <wrbtrader> Regardless if its December 2118 or March 2019
[14:49:52] <wrbtrader> Yet its showing up about 10 - 20x per day
[14:49:52] <Trendtrader> You have other datasources, right? Do they all exhibit the same errors?
[14:50:25] <wrbtrader> I have other charting vendors for comparison to my broker data
[14:50:53] <wrbtrader> I have not compared Broker to another Broker to see if the trades are showing up outside the bid/ask
[14:51:10] <wrbtrader> I will do that maybe tomorrow and record it
[14:53:57] <Trendtrader> It would be an interesting test.
[14:54:09] <wrbtrader> Agree
[14:54:54] <wrbtrader> I think comparing Broker to Broker will be better than comapring Broker to a stict chart vendor like eSignal
[14:55:47] <wrbtrader> Long Emini ES @ 2638.25 -> medium size
[14:55:58] <wrbtrader> 5x
[14:56:36] <wrbtrader> Exited all Emini ES Long @ 2636.25 --> - 2
[14:57:03] <wrbtrader> Limit order...strange fill...forced to market out on the exit
[14:58:20] <wrbtrader> Shorts Emini ES @ 2629.00 -> medium size
[14:58:23] <wrbtrader> 5x
[14:58:58] <wrbtrader> Shorted on upticks...4 upticks
[15:03:34] <wrbtrader> tightning trail...i think its going to do another crazy spike here after the contraction in the volatility
[15:04:17] <wrbtrader> Covered all Emini ES Short @ 2630.25 --> - 1.25
[15:06:27] <wrbtrader> Shorts Emini ES @ 2629.50 -> medium size
[15:06:34] <wrbtrader> 5x
[15:07:01] <wrbtrader> Covered all Emini ES Short @ 2730.50 --> - 101
[15:07:30] <wrbtrader> correction...
[15:07:32] <wrbtrader> Covered all Emini ES Short @ 2630.50 --> - 1
[15:07:48] <wrbtrader> Price action now calmer
[15:08:10] <wrbtrader> Currenly no "out of the cannon" like price action
[15:11:14] <wrbtrader> This is the head games currently right now...
[15:11:49] <wrbtrader> I've ignored to Long signal in this calm like price action out of fear of getting nailed by that crazy super fast price action
[15:14:05] <wrbtrader> Shorts Emini ES @ 2631.00 -> large size
[15:14:08] <wrbtrader> 10x
[15:14:47] <wrbtrader> did it again but this time I'm in the direction of the crazy price movement
[15:17:34] <wrbtrader> just got a huge headache from this crap
[15:18:48] <wrbtrader> Covered all Emini ES Short @ 2624.50 --> + 6.5
[15:19:28] <wrbtrader> Only the 3rd time today I've been able to get on the same side as those crazy price movements
[15:20:38] <wrbtrader> All other profitable trades were normal
[15:21:55] <wrbtrader> I bet one day soon I make sense out of this crap and be much more consistent with it via consistent > +5 point trades
[15:22:12] <wrbtrader> It will all dry up and not show its face for another decade
[15:23:36] <Trendtrader> Let's see if it stays or it is temporary.
[15:23:49] <wrbtrader> Then 10 years fron now I will be searching through my chat logs, trade fill statements, trade journal to find that the behavior occurred back in 2018
[15:25:20] <wrbtrader> By that time...someone will say a few institutions in 2018 were using "Quantum Computers" for an unfair advantage
[15:25:23] <wrbtrader>
[15:26:13] <Trendtrader> oh god help us
[15:27:01] <wrbtrader> I wrote a few old articles about the arrival of Quantun Computers Algo trading...
[15:27:34] <wrbtrader> It will be about 2 years delay before us retail traders get wind of what's been happening in the markets
[15:32:47] <Trendtrader> What do you think will happen to the retail market?
[15:35:12] <wrbtrader> I think many of us will move on to other things...I'm hoping that Quantum Trading doesn't show up AFTER I've retired from trading
[15:36:07] <wrbtrader> or we need to reinvent ourselves...learn how to develop algo systems designed to use Quantum systems
[15:36:53] <wrbtrader> I just want to make it to 2025 and I'm done (I think)
[15:37:51] <wrbtrader> I'll retire to my villa in France...post stupid messages at forums via telling people "nobody is successfle at day trading"...forget about it
[15:38:55] <Trendtrader> hilarious! Trolling those that are left.
[15:39:37] <Trendtrader> 2025? special significance?
[15:41:23] <wrbtrader> Yeah...2025 will be a special year...private meaning involving huge family reunion planned in France (French, Quebecors, English, Italian and Lakota)...all together for the first time. The entire klan
[15:41:56] <wrbtrader> Oopps...a few Germans (my brother's family)
[15:42:55] <Trendtrader> big event!
[15:43:22] <wrbtrader> I was 10 years old the last time we had all family members together...everything had to be arrange by phone and letters
[15:43:31] <wrbtrader> Technology is a lot different today
[15:48:21] <wrbtrader> Shorts Emini ES @ 2641.75 -> large size
[15:48:26] <wrbtrader> 13x
[15:48:48] <wrbtrader> 3 contract error...should have been a 10 contract trade
[15:50:09] <wrbtrader> Covered Emini ES Short @ 2640.25 --> + 1.5
[15:50:12] <wrbtrader> Holding 3 contracts
[15:51:16] <wrbtrader> now trailing @ profit on the remainders
[15:51:47] <wrbtrader> WRB pt1 reached on the earlier exited 10x
[15:53:27] <wrbtrader> Covered Remainder Emini ES Short @ 2641.00 --> + 0.75
[15:54:13] <wrbtrader> Shorts Emini ES @ 2640.25 -> large size
[15:54:18] <wrbtrader> 10x
[15:54:46] <wrbtrader> Covered all Emini ES Short @ 2641.50 --> - 1.25
[15:57:55] <wrbtrader> Shorts Emini ES @ 2641.00 -> large size
[15:57:57] <wrbtrader> 10x
[16:00:44] <wrbtrader> Covered all Emini ES Short @ 2640.25 --> + 0.75
[16:00:54] <wrbtrader> trail stop pick pocketed
[16:02:14] <wrbtrader> Had a WRB pt1 @ 2637.50 but got greedy and thought the increasing volatility would push it lower
[16:02:27] <wrbtrader> It reversed and counter-thrust back upwards
[16:03:08] <wrbtrader> taking my trail stop before I could adjust it once more down to 2638.50
[16:04:21] <wrbtrader> Shorts Emini ES @ 2640.75 -> small size
[16:04:23] <wrbtrader> 2x
[16:05:42] <wrbtrader> Covered all Emini ES Short @ 2642.75 --> - 2
[16:05:54] <wrbtrader> Take care all and see all tomorrow
[16:07:11] <Trendtrader> Have a good night.
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.


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:

CME Emini Futures EMD, ES and NQ

CME Emini RTY Futures (formerly ICE TF)

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX 6E and EC

Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen, Usd/Cad, Xau/Usd and Xag/Usd

Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

S&P CNX NIFTY Futures

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

Rebuttal to Mr. Emmett Moore Jr. via TheStrategyLab.com Review @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167

The Strategy Lab: Valforex - The Manipulative Review Scam @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3676

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
@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
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