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 Post subject: December 19th Wednesday - Futures, Forex, Stocks and ETF
 Post Posted: Wed Dec 19, 2018 3:53 pm 
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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

Attachment:
121918-TheStrategyLab-Chat-Room-Key-Markets.png
121918-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.67 MiB | Viewed 238 times ]

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

[09:22:43] * Now talking in ##TheStrategyLab
[09:39:05] <wrbtrader> Key markets not insync
[09:41:06] <wrbtrader> KMEs today @ 1000am, 1030am and 1400pm est
[09:53:58] <wrbtrader> The earlier problem with key markets not being insync...
[09:54:21] <wrbtrader> It caused me to ignore 3 trade signals...all 3 would have been losses :(
[09:54:41] <Tigerman______> gm all
[09:54:48] <Tigerman______> yeah no sync open
[09:55:03] <Tigerman______> regardless acreepy up trend now x me
[09:55:09] <Tigerman______> just did 3 fast long
[09:55:14] <Tigerman______> 2win 1 loss
[09:55:24] <wrbtrader> I'm hoping the KMEs 10am and 1030am est will bring everything back in line again
[09:55:37] <Tigerman______> we need take care considering fomc later
[09:57:33] <wrbtrader> agree
[10:01:25] <Tigerman______> wrbtrader an issue I have wit IB is price moves slow on dome
[10:01:50] <Tigerman______> I mean I move with mouse and they not moves :(
[10:01:56] <Tigerman______> nee d repet it
[10:03:10] <Tigerman______> that cause be nervous ..I left a good portion of gain because of that :(
[10:03:59] <wrbtrader> How do you know your DOM price action is moving slow ?
[10:04:11] <wrbtrader> You comparing it to another data vendor ?
[10:05:05] <Tigerman______> Not dom slow.. prive moves OK just I click with mouse shift the order on Dome...it doesn t move :(
[10:05:19] <Tigerman______> seems I need a more pressure a second time
[10:05:53] <wrbtrader> Ahh...I call that the Infinity Problem...
[10:06:00] <Tigerman______> my order not moves..it stay there at 100 while I want move it to 90 x example
[10:06:14] <wrbtrader> Something I first saw with the broker Infinity Futures many years agao...
[10:06:29] <Tigerman______> not always ..only sometimes ..seems random
[10:06:33] <wrbtrader> Click the buy/sell button...nothing happens
[10:06:51] <wrbtrader> Had to click it "very hard" to place a trade
[10:07:09] <wrbtrader> Oddly...any other button worked on a normal click
[10:07:35] <wrbtrader> then worst...
[10:08:08] <Tigerman______> I have to think on this...direct order with mouse + hot key works fine
[10:08:19] <wrbtrader> suddenly the button clicks worked normally and you may not notice it...ended up making multiple trades when you only wanted "one order"
[10:08:38] <Tigerman______> it is moving order and/or stop inside the Dome not working well sometimes
[10:09:13] <wrbtrader> I'm not a DOM trader...its a difficult for me to imagine
[10:09:41] <wrbtrader> You should make a video of it and then send it to your tech deparment of your broker platform
[10:09:56] <wrbtrader> If you think the issue is the software
[10:11:42] <Tigerman______> yeah good idea
[10:12:32] <Tigerman______> wrbtrader..I know you no using Dome..instead you use order entry windows
[10:14:27] <Tigerman______> when you want move yoour stop or limit order do you move some arrow or a small window open and you move your mouse there....or you click a direct numer? seems x me dial a direct number can be very slow
[10:22:38] <wrbtrader> I've done it all...depends on which window I'm in (looking at) during the trade
[10:24:42] <wrbtrader> I can also use bracket adjustments to move a certain number of ticks when a specific price is reached
[10:28:37] <Tigerman______> ah ok I need a order entry I can modify with my brain will :)
[10:29:33] <Tigerman______> seriously .. I wonder if we can adjust price levels via our voice..do you never think about that wrbtrader?
[10:30:00] <Tigerman______> btw oil inventories in 1min
[10:30:37] <wrbtrader> I've thought about it A LOT but never did any research into what trading platform offered such
[10:31:05] <wrbtrader> My guess it would be something involving the trade software plus a type of computer for allowing such
[10:31:40] <wrbtrader> voice recognition
[10:32:49] <Tigerman______> oh yeah can be useful these days google do that on my mobile for search works also in youtube
[10:34:14] <wrbtrader> I think that's where "automated stop management" comes into play
[10:38:16] <wrbtrader> Shorts Emini ES @ 2572.00 -> small size
[10:38:21] <wrbtrader> 1x
[10:39:08] <wrbtrader> Trade via the DOM but will manually exit the position via a market order
[10:45:51] <wrbtrader> Covered all Emini ES Short @ 2569.50 --> + 2.5
[10:55:38] <wrbtrader> Shorts Emini ES @ 2571.50 -> small size
[10:55:40] <wrbtrader> 2x
[11:00:12] <wrbtrader> Covered all Emini ES Short @ 2573.25 --> - 1.75
[11:02:34] <wrbtrader> Shorts Emini ES @ 2569.50 -> small size
[11:02:38] <wrbtrader> 2x
[11:18:23] <wrbtrader> Covered all Emini ES Short @ 2563.50 --> + 6
[11:50:18] <Tigerman______> ok I finish here
[11:51:02] <Tigerman______> later I can trade the news just via another pc so no log her
[11:51:08] <Tigerman______> take care all see next time
[13:35:50] <wrbtrader> Long Emini ES @ 2569.50 -> small size
[13:35:54] <wrbtrader> 1x
[13:40:44] <wrbtrader> Exited Emini ES Long @ 2570.25 --> + 0.75
[13:40:54] <wrbtrader> small WRB pt1 reached
[13:56:50] <wrbtrader> Pending KME
[13:58:21] <wrbtrader> Shorts Emini ES @ 2576.75 -> medium size
[13:58:24] <wrbtrader> 5x
[14:01:26] <wrbtrader> Covered all Emini ES Short @ 2563.75 --> + 13
[14:02:04] <wrbtrader> Shorts Emini ES @ 2559.00 -> medium size
[14:02:06] <wrbtrader> 5x
[14:04:44] <wrbtrader> Covered all Emini ES Short @ 2545.25 --> + 13.75
[14:05:08] <wrbtrader> 1 of those contracts filled @ 2545.00
[14:05:28] <wrbtrader> Both recent 2 trades a WRB pt1 reached
[14:08:22] <wrbtrader> RTY the smoother of the Emini futures during this FOMC announcement price action
[14:08:53] <wrbtrader> Shorts Emini ES @ 2547.50 -> medium size
[14:08:58] <wrbtrader> 5x
[14:09:54] <wrbtrader> Covered all Emini ES Short @ 2544.75 --> + 2.75
[14:10:07] <wrbtrader> trail stop pick pocketed
[14:13:38] <wrbtrader> Shorts Emini ES @ 2537.00 -> medium size
[14:13:40] <wrbtrader> 5x
[14:14:22] <wrbtrader> Covered all Emini ES Short @ 2540.00 --> - 3
[14:14:27] <wrbtrader> punks :(
[14:15:13] <wrbtrader> that was not a trail stop hit
[14:16:19] <wrbtrader> I didn't like what I saw and just dumped it
[14:17:18] <wrbtrader> Long Emini ES @ 2548.00 -> small size
[14:17:23] <wrbtrader> 2x
[14:17:43] <wrbtrader> chop picking up speed too :(
[14:19:54] <wrbtrader> Exited all Emini ES Long @ 2554.50 --> + 6.5
[14:27:18] <wrbtrader> Long Emini ES @ 2556.50 -> small size
[14:27:22] <wrbtrader> 2x
[14:28:07] <wrbtrader> Exited all Emini ES Long @ 2558.25 --> + 1.75
[14:38:25] <wrbtrader> Shorts Emini ES @ 2560.50 -> small size
[14:38:29] <wrbtrader> 2x
[14:40:11] <wrbtrader> Covered all Emini ES Short @ 2559.50 --> + 1
[14:40:25] <wrbtrader> trail stop pick pocketed
[14:41:20] <wrbtrader> Shorts Emini ES @ 2556.50 -> medium size
[14:41:26] <wrbtrader> 5x
[14:42:44] <wrbtrader> Covered all Emini ES Short @ 2543.75 --> + 12.75
[14:48:01] <wrbtrader> getting choppy again with the fast speed
[14:52:07] <wrbtrader> contracting volatility with super fast chop :(
[14:52:13] <wrbtrader> weird combo
[14:53:16] <wrbtrader> can only just watch...too fast for me now
[15:20:28] <wrbtrader> Only ALGOs can trade this speed...
[15:20:52] <wrbtrader> It got too fast for me after 1442hrs
[15:24:52] <Trendtrader> what a crazy day.
[15:25:01] <Trendtrader> no trades for me today
[15:25:57] <wrbtrader> It was calm...normal speed even for a FOMC Announcement but things dramatically changed around 2:40pm est
[15:26:34] <wrbtrader> That's when I saw the super fast price action show up on contracting volatility intervals
[15:28:38] <wrbtrader> Shorts Emini ES @ 2509.50 -> medium size
[15:28:41] <wrbtrader> 5x
[15:29:58] <Trendtrader> yeah, the price action looks out of place after 14:00. It looks like two different charts of different time frames stitched together to me.
[15:29:59] <wrbtrader> Covered all Emini ES Short @ 2506.75 --> + 2.75
[15:30:06] <wrbtrader> trail stop pick pocketed
[15:30:21] <wrbtrader> Trendtrader...exactly
[15:32:53] <wrbtrader> Also, I've had a lot of split orders today even on small size of 2 contracts
[15:33:10] <wrbtrader> .25 difference between the 2 contract trades
[15:33:45] <wrbtrader> Simply, its acting as if there's a "liquidity problem"
[15:34:38] <wrbtrader> Maybe its just that the speed in the transactions is so fast that even a 2 contract position will have different fills amongs the contracts
[15:34:44] <wrbtrader> as in .25 difference
[15:34:55] <Trendtrader> In a way there could be since the price action is so fast between ticks.
[15:35:16] <Trendtrader> So not all of your contracts can get filled at the given price.
[15:35:31] <Trendtrader> Price moves too quickly through the prices.
[15:36:38] <Trendtrader> wrbtrader, yes that's what I'm thinking as well.
[15:37:06] <wrbtrader> Yep
[15:40:55] <Trendtrader> When do you think you are going to take a break this year?
[15:41:30] <wrbtrader> This year is almost finish but my kids are off tomorrow
[15:42:00] <wrbtrader> No more school until January 7th
[15:42:17] <wrbtrader> I'm not sure if I'm going to trade tomorrow or not...
[15:43:06] <wrbtrader> I may skip tomorrow...trade on Friday and won't be back to trading until January 6th or 7th
[15:43:09] <wrbtrader> Not sure yet
[15:43:39] <wrbtrader> Reason why I held for some big winners today on those 5 contract positions...
[15:43:48] <wrbtrader> I wanted a big day without needing to do 10x
[15:44:29] <wrbtrader> I got my big day...shouldn't get hungry again unti Jan 6th or 7th :)
[15:44:41] <Trendtrader> Sounds like a good plan. I'll be off next week for sure. Not sure when I'll start back up in the new year.
[15:45:19] <Trendtrader> Yeah, you didn't need 10x positions to make big money today. 5x was more than adequate.
[15:48:35] <wrbtrader> Yep
[16:05:59] <Trendtrader> Have a good night. See you Friday and/or tomorrow.
[16:07:41] <Trendtrader> I'll see if I trade the rest of the week or not.
[16:31:03] <wrbtrader> Take care and see you tomorrow
Session Close

-------------------------

##TheStrategyLab (located on the Freenode IRC network) is free and is a serious professional trading chat room involving WRB Analysis in which any trader (position trading, swing trading, day trading) can use the chat room to post their trades or commentaries about stocks, futures, exchange traded funds or forex currencies. Simply, you don't need to be a client of TheStrategyLab.com to use the free chat room nor do you need to be a price action trader (no indicators) because some members use indicators while others do not. Yet, the only requirement is that you want to learn WRB Analysis.

Therefore, we welcome all traders that want to learn about WRB Analysis regardless if they are beginners or experience traders in price action trading.

The purpose of ##TheStrategyLab is that it's designed to be a trade journal for documentation purposes only so that members can have a time stamp archive of trades and market commentaries of each trading day so that they can better understand their broker statements from one trade to the next trade when they review their performance numbers on any given trading day.

Quote:
The free chat room is not a signal calling trading room with a head trader telling you what to trade, when to buy or when to sell. In fact, we do not believe in the business model of a head trader telling other traders when to buy and sell. Its a flawed approach to trading and its a flawed substitution for mentoring in which a trader can not learn how to be a successful independent trader.

Further, members are not obligated to educate nor help other members but members are encourage to ask questions about any trades or market commentaries that's posted by others because sometimes the answers contains useful trading tips.

In addition, our primary job in the free chat room is to moderate the room (keep the peace) because with so many members using different trade signal methods along with different opinions about the market...debates or arguments can easily flare up without moderating. In addition, our presence in the chat room is to ensure it's a spam free chat room during trading although these archived chat logs may contain advertisements for guest visitors.

Commonly discussed trading instruments from stocks, futures, exchange traded funds and forex currencies:

Image CME Emini Futures EMD, ES and NQ

Image CME Emini RTY Futures (formerly ICE TF)

Image CBOT mini-sized Dow Futures YM

Image Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

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

Image Euronext Futures FTSE-100 and CAC-40

Image CME Futures EuroFX 6E and EC

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

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

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

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

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

Image S&P CNX NIFTY Futures

Image Hang Seng Index Futures HSI and mini-Hang Seng MHI

Reminder, our Terms of Use (TOU) Policy is a must read to prevent any misunderstandings along with revealing that ##TheStrategyLab is a serious professional price action trading chat room and we expect members to act professional. Also, these logs may have been edited (rarely) to remove any messages that a member has complained to me via private message that they consider a particular commentary to be inappropriate, racist, harassment, lies, hackers, pikers, trolls that's a distraction to members of our chat room, our forum or our website. Yet, the original logs are always maintain for security reasons and legal reasons if needed.

Disclaimer: Today's trading performance is not an indication of my future performance and not an indication of the future performance for any trader that decides to learn/apply WRB Analysis. The risk of loss can be substantial. Therefore, you must carefully consider if trading is suitable for you within the context of your financial condition. TheStrategyLab.com is an education and research site. The resources on this site are provided for informational purposes only and should not be used to replace professional educational and professional research because we are retail traders only. TheStrategyLab.com does not accept liability for your use of the website and its resources.

We make no guarantees of success and your level of success is dependent upon other factors including your skill as a trader, knowledge, financial condition, market conditions and other factors. Trading is stressful and you should always consult a doctor in all matters relating to physical and mental health of you and your family because trading can impact beyond your financial condition regardless if you're a profitable or losing trader. Also, you can read our full disclaimer statement @ http://www.thestrategylab.com/Disclaimer.htm

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

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

Image TheStrategyLab Review @ http://www.thestrategylab.com/thestrategylab-reviews.htm

Note: chat logs saved (timestamp) from 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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