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 Post subject: December 14th Friday - Futures, Forex, Stocks and ETF
 Post Posted: Fri Dec 14, 2018 7:25 pm 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
TheStrategyLab Price Action Trading (no technical indicators)
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164 (see chat logs below)
M.A. Perry a.k.a. wrbtrader (more info about me): http://www.thestrategylab.com/wrbtrader.htm & http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=11&t=6
TheStrategyLab Reviews: http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167 & http://www.thestrategylab.com/thestrategylab-reviews.htm
Business Hours: 8am - 5pm est (Mon - Fri)
Telephone: +1 708 572-4885
wrbanalysis@gmail.com (24/7)
Twitter @ http://twitter.com/wrbtrader (24/7)
Stocktwits @ http://stocktwits.com/wrbtrader (24/7)

##TheStrategyLab primary purpose is for you to use the free chat room as a trade journal of your trades via you posting WRB Analysis of the price action you see on your monitors, posting price action analysis, ask real-time questions about WRB Analysis or posting your real-time trades (simulator or real money) in a timestamp environment after you've received confirmation from your broker trade execution platform. Simply, the free chat room is a trade journal of your trading day (thoughts and trades). In fact, if you think the only feedback you need is your broker statements and you decide to not discuss WRB Analysis nor post any real-time information about how you're viewing the markets nor post real-time trades...the free chat room will be a waste of your time and you will increase the odds of failing at trading.

The free chat room is located on the Freenode IRC network along with being a serious professional trading chat room for traders that want to talk about their use of WRB Analysis (e.g. Contracting Volatility, WRBs, WRB Hidden GAPs, WRB Zone, WRB/WRB Hidden GAP profit targets, Key Market Events, Reaction Highs/Lows, Expanding Volatility, WRB Zone, R area of WRB Zone, S area of WRB Zone) merged with their trade methods to improve the performance of their trade methods regardless if they're a position trader, swing trader, day trader, trend trader or range trader. Therefore, you're welcome to use the free chat room to ask questions about WRB Analysis, post your real-time price action trading analysis involving WRB Analysis merged with your own trade methods, post real-time trades or talk about general market issues impacting today's price action involving stocks, futures, exchange traded funds or forex currencies. In addition, we welcome all traders (beginners, experience, part-time, full-time) that are merging WRB Analysis with their trade methods or using WRB Analysis to help develop a better understanding of the price action (market context) they're trading.

Image This is not a signal calling (trade alerts) room. Our free chat room has never been advertised as a trade room and we ban traders for attempting to use our chat room as a trade alerts room for the purpose to mimick/copy trades posted by any of our members.

With that said, thanks for reviewing (reading) the below timestamped trades, price action analysis or market commentaries and we highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful market context information that's critical to understanding price action trading. To qualify for access to our free ##TheStrategyLab chat room that's located on the Freenode IRC network...please follow the instructions at the TSL Support Forum @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164

121418-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.6 MiB | Viewed 187 times ]

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

[09:27:12] * Now talking in ##TheStrategyLab
[09:27:13] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:33] <wrbtrader> Shorts Emini ES @ 2625.25 -> medium size
[09:30:36] <wrbtrader> 5
[09:30:41] <wrbtrader> 5x
[09:31:40] <Tigerman______> gm all
[09:31:49] <wrbtrader> Covered all Emini ES Short @ 2622.75 --> + 2.5
[09:32:00] <wrbtrader> WRB pt1 reached
[09:32:04] <Tigerman______> Hi wrbtrader seems you are still on Dec contract
[09:32:17] <Tigerman______> good start as trading today btw
[09:32:27] <wrbtrader> Yep
[09:33:11] <wrbtrader> I'm running Dec and the next contract side my side for today's intra market analysis
[09:35:15] <wrbtrader> March contract still doesn't have the volume of December contract
[09:38:42] <Tigerman______> just did 2 short arouns 262 Spy
[09:38:57] <Tigerman______> 262.62
[09:39:05] <wrbtrader> Looks like Emini NQ futures over-reacted downward in comparison to the other Emini futures
[09:39:29] <Tigerman______> flat trades price not moves more at south
[09:39:45] <Tigerman______> yeah NQ takes steroids
[09:40:46] <wrbtrader> Another opening big GAP on the regular session charts...today it open down
[09:42:13] <Tigerman______> if you do some stats they ll show most of gain in ES is made in overnight action
[09:43:17] <Tigerman______> seems regular session just compensate to the extreme range developed in overnight
[09:45:08] <wrbtrader> Weird...
[09:45:25] <wrbtrader> I have up side by side charts of the 1min Emini ES
[09:45:48] <wrbtrader> Charts have different intervals even though charts are both of the Dec contract
[09:46:12] <wrbtrader> In comparison...I also have up the Mar 19 contract...it is different as expected
[09:47:30] <wrbtrader> Differenc in the two Dec charts of Emini ES almost caused me to take a Short position that would have resulted in a Loss...luckily I saw the difference just in time
[09:48:07] <wrbtrader> WTF ?
[09:48:23] <wrbtrader> Now the incorrect chart backfills and corrects its intervals :(
[09:48:44] <wrbtrader> Chart vendor is Esignal
[09:49:07] <wrbtrader> Must be an issue with contracts getting ready to rollover
[09:49:45] <wrbtrader> Shorts Emini ES @ 2630.00 -> medium size
[09:49:50] <wrbtrader> 5x
[09:50:30] <wrbtrader> counter-trend trade
[09:50:38] <wrbtrader> can't stay in it too long
[09:50:59] <wrbtrader> Covered all Emini ES Short @ 2628.25 --> + 1.75
[09:51:05] <wrbtrader> WRB pt1 reached
[09:52:39] <Tigerman______> till now direction is not clear ..I ll stay sidelines
[09:52:54] <Tigerman______> just I can enter in anytime
[09:53:51] <Tigerman______> wrbtrader... any news about werner ? just miss from chat
[09:54:32] <wrbtrader> No...not yet
[09:55:26] <wrbtrader> He seemed to be doing LESS trading until he stopped coming in here but I do remember he said he was going to be doing something
[09:55:36] <Tigerman______> ok I just scared people join here can develop pneumonia or some sort of accident :)
[09:55:40] <wrbtrader> Maybe traveling ? I can't remember
[09:56:39] <wrbtrader> Another active member about two years ago sent me a message last month about why he stopped coming in here...he had chemotherapy for Pancreatic Cancer
[09:56:58] <Tigerman______> I re.started my chart before ...prog goes out of memeory due big work using fast ticks charts
[09:57:23] <wrbtrader> He completely stopped trading to devote himself to his health and survival
[09:57:29] <wrbtrader> He's doing better now
[09:57:45] <Tigerman______> yeah health is primary of course
[09:58:11] <wrbtrader> In the past 5 years...we've lost 7 active members due to health problems
[09:58:29] <wrbtrader> Almost two more if you count you and me :(
[09:59:09] <Tigerman______> yeah it is the traders curse :)
[09:59:42] <Tigerman______> seriously more time pass by more health issue can develop
[09:59:54] <wrbtrader> or normal considering people tend to start having health problems when they get above > 40
[10:00:08] <Tigerman______> yeah people live longer these days ..just not in good health
[10:00:29] <wrbtrader> correct
[10:00:47] <Tigerman______> as you know I have a scientific background
[10:01:15] <Tigerman______> I also study hormonal balance
[10:01:31] <wrbtrader> Mar contract picking up more volatility & volume
[10:01:49] <Tigerman______> people start lowering good levels after 25 years old :(
[10:03:27] <Tigerman______> Trading doesn t help our health
[10:03:39] <Tigerman______> instead is very stressful
[10:04:20] <wrbtrader> Strange that you say that and its very true...rarely discussed by traders
[10:04:22] <Tigerman______> most people write on trading forum simply are poser or fake tradrers
[10:04:51] <Tigerman______> I mean they doesn t trade for a living ...really
[10:05:18] <Tigerman______> expecially day-trading on future
[10:05:52] <wrbtrader> I remember my doctors, occupational therapists, psycho therapist and fitness instructor were extremely concerned about the "stress of trading" and I never even mentioned it too them...
[10:06:24] <wrbtrader> After a few months I started talking to them about it because they were consistent in talking to me about it :)
[10:07:12] <Tigerman______> you lucky those guys talk that argument...means some competence... here most no got a clue
[10:07:40] <wrbtrader> I asked my psycho therapist about here focus on the "stress"...she said its normal thing for them to do when someone is "self employed
[10:08:12] <Tigerman______> worst when I have to fight with doctors are tied with what they studied 30 years ago :(
[10:08:22] <wrbtrader> Thus, it really was not abou the trading...it was about the "stress" associated with self employment.
[10:08:45] <Tigerman______> while I study papers writter just 1 year ago
[10:09:15] <Tigerman______> yeah we have the worst plus the worst
[10:09:46] <wrbtrader> Here, they have protocols about how to rehab people that are self employed versus those working for someone else at a business
[10:10:00] <Tigerman______> 1- selfemply 2 - trading high demand on our eyes body heart and so on
[10:10:18] <Tigerman______> yeah seems canada is a good country
[10:12:19] <wrbtrader> Good in some aspects but the health care still needs a lot of work
[10:12:46] <wrbtrader> My sister is a head nurse at a very famous hospital in the ER in the U.S...
[10:13:42] <wrbtrader> The first thing she said about my hospital care was that the hospital was primitive in france and she then said it again when I was transferred back to Canada...it was primitive
[10:13:53] <wrbtrader> She was shocked that I even survived
[10:14:54] <wrbtrader> I can't compare because it was the first time I had stayed in a hospital
[10:15:31] <Tigerman______> US health system is mostly private
[10:15:37] <wrbtrader> All my other prior hospital visits was when I was young...broken bones from sports...released within a few hours
[10:16:13] <Tigerman______> doctors compete to hired in best modern and high paid hospitals
[10:16:15] <wrbtrader> Tigerman...I think that's the difference...private versus public
[10:16:41] <Tigerman______> yeah.. problem public doesn mean less money in system
[10:17:03] <wrbtrader> My sister's hospital looks like a fancy hotel...marble floors
[10:17:06] <Tigerman______> mostly Bad quality of money used
[10:17:49] <Tigerman______> so because is free peopple abuse sometimes ..
[10:18:26] <Tigerman______> also to avoid expense public doesn t give oue exams !!!
[10:19:03] <Tigerman______> I mean it does only when the fact is clear...sometimes can be to late
[10:19:35] <Tigerman______> simple not easy a good balance between public-and private system
[10:22:15] <wrbtrader> Regardless to the flaws of the public hospitals...the one in France and Canada are the ones to kept me alive when I stopped breathing (twice) and when ny heart stopped (twice). Yet one of them played a roll in giving medicine I was allergic too...
[10:22:24] <wrbtrader> Nothing is perfect I guess
[10:23:25] <wrbtrader> Long Emini ES @ 2632.75 -> medium size
[10:23:30] <wrbtrader> 5x
[10:24:09] <Tigerman______> yeah also depend to be lucky to meet a good doctor the day you are on specialistic visit ot hospital
[10:24:10] <wrbtrader> snapback down :(
[10:24:50] <wrbtrader> Exited all Emini ES Long @ 2631.25 --> - 1.5
[10:25:00] <wrbtrader> trail stop pick pocketed
[10:25:08] <Tigerman______> untill now I no see a good price action ... I m proud of myself I no take any trade
[10:25:20] <wrbtrader> It was briefly at a WRB pt1...moved too fast to grab it
[10:25:34] <Tigerman______> that a discipline part ... seems easy ... it is not
[10:25:54] <Tigerman______> in reference to avoid trades in no good action
[10:26:44] <wrbtrader> I think when we as traders see visual charts with prices moving UP or DOWN or directional...very tough for traders to just sit there and do nothing until a valid trade signal appears
[10:27:15] <wrbtrader> Shorts Emini ES @ 2628.75 -> medium size
[10:27:20] <wrbtrader> 5x
[10:30:36] <wrbtrader> Covered all Emini ES Short @ 2624.50 --> + 4.25
[10:30:39] <Tigerman______> sh SPY 263.08
[10:30:44] <wrbtrader> WRB pt1 reached
[10:31:23] <Tigerman______> exit 2/3 @ 262.78 +30 tk
[10:31:55] <wrbtrader> I will study these two trades later tonight...the Losing long position and then the Winner Short position...they are connected via how I reacted from one to the next one
[10:37:34] <Tigerman______> exit all 1/3 @ 262.48 +60 tk
[11:04:04] <Tigerman______> ok I finish here
[11:04:16] <Tigerman______> take care all have a safe weekend
[11:04:25] <Tigerman______> see you next week
[12:57:12] <wrbtrader> Shorts Emini ES @ 2618.25 -> small size
[12:57:15] <wrbtrader> 3X
[12:57:49] <wrbtrader> I have now moved over to the March 19 contract
[13:00:16] <wrbtrader> Covered all Emini ES Short @ 2616.00 --> + 2.25
[13:00:30] <wrbtrader> WRB pt1 reached
[13:08:32] <wrbtrader> Long Emini ES @ 2617.25 -> small size
[13:08:36] <wrbtrader> 2x
[13:09:22] <wrbtrader> Exited all Emini ES Long @ 2618.25 --> + 1
[13:12:30] <wrbtrader> Shorts Emini ES @ 2618.50 -> small size
[13:17:53] <wrbtrader> Covered all Emini ES Short @ 2617.75 --> + 0.75
[13:20:46] <wrbtrader> Shorts Emini ES @ 2615.50 -> small size
[13:20:50] <wrbtrader> 2x
[13:20:58] <wrbtrader> trade error/problem
[13:21:20] <wrbtrader> Covered all Emini ES Short @ 2616.50 --> - 1
[13:21:40] <wrbtrader> :(
[13:39:25] <wrbtrader> Take care all, have a nice weekend 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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