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 Post subject: January 3rd Thursday - Futures, Forex, Stocks and ETF
 Post Posted: Thu Jan 03, 2019 5:45 pm 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2668
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 mimic/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

010319-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.72 MiB | Viewed 9 times ]

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

[08:47:07] * Now talking in ##TheStrategyLab
[09:51:47] <@wrbtrader> Shorts Emini ES @ 2476.75 -> small size
[09:51:54] <@wrbtrader> 3x
[09:52:54] <@wrbtrader> Covered all Emini ES Short @ 2476.00 --> + 0.75
[09:54:03] <@wrbtrader> early exit...trade execution platform problems...be back in a minute after I do some re-configuration of some of my windows in my platform
[10:04:45] <@wrbtrader> Shorts Emini ES @ 2467.75 -> small size
[10:04:50] <@wrbtrader> 3x
[10:06:16] <@wrbtrader> Covered all Emini ES Short @ 2469.25 --> - 1.5
[10:07:27] <@wrbtrader> Shorts Emini ES @ 2468.00 -> small size
[10:07:30] <@wrbtrader> 3x
[10:08:10] <@wrbtrader> Covered all Emini ES Short @ 2467.00 --> + 1
[10:09:11] <@wrbtrader> Shorts Emini ES @ 2466.50 -> small size
[10:09:16] <@wrbtrader> 3x
[10:11:59] <@wrbtrader> Covered all Emini ES Short @ 2464.75 --> + 1.75
[10:12:28] <@wrbtrader> Price action is declining on contracting volatility
[10:12:50] <@wrbtrader> Should get intense when volatility shows up
[10:14:09] <@wrbtrader> Shorts Emini ES @ 2459.25 -> small size
[10:14:13] <@wrbtrader> 3x
[10:18:08] <@wrbtrader> Covered all Emini ES Short @ 2458.00 --> + 1.25
[10:18:16] <@wrbtrader> trail stop hit
[10:20:42] <@wrbtrader> So far today...all my Shorts had their trail stop hit on small retracements back upwards
[10:20:48] <@wrbtrader> :(
[10:21:30] <@wrbtrader> I'm trying to capture points...but the contracting volatility is making it too easy for the small retracements to pick off my trail stops
[10:31:55] <@wrbtrader> Shorts Emini ES @ 2459.25 -> medium size
[10:31:59] <@wrbtrader> 5x
[10:32:04] <@wrbtrader> intuition
[10:34:28] <@wrbtrader> too much contraction in the volatility again :(
[10:34:54] <@wrbtrader> tightning stop loss
[10:35:25] <@wrbtrader> I'm now expecting a volatility spike here soon...hopefully it drops prices lower on the spike instead of upwards
[10:37:44] <@wrbtrader> Covered all Emini ES Short @ 2452.75 --> + 6.5
[10:37:47] <@wrbtrader> WRB pt1 reached
[11:00:40] <werner1> happy new year all
[11:06:35] <werner1> Shorts Emini NQ @ 6216.00
[11:10:18] <werner1> Covered all Emini NQ Short @ 6208.00 --> + 8
[11:10:36] <@wrbtrader> Happy New Year and welcome back
[11:12:59] <werner1> thanks
[11:14:36] <werner1> mentaly i cant handle that big vola :( ..thats why i sit on my hands lately
[11:22:41] <werner1> normaly i take a 3 or 4 points stop ....with this vola it needs a 8 or 10 pont stop and last month is needs a 20 or 30 ponts stop ...crazy market :((
[11:23:41] <@wrbtrader> Yesterday the volatility was crazy in the Emini futures...that super fast price action would show up...often during yesterday's trading session.
[11:23:46] <@wrbtrader> Very little of it today
[11:24:20] <@wrbtrader> Simply, less stressful to trade today even though my profits today are LESS than yesterday
[11:24:24] <@wrbtrader> so far
[11:25:04] <@wrbtrader> After about +40 videos and studying that super fast price action since October 2018...
[11:25:16] <@wrbtrader> I've discover a commonality with most of it...
[11:25:48] <@wrbtrader> A super fast CHOP would be the precursor to the super fast directional price movement
[11:26:30] <@wrbtrader> The chop involves only a few points...bouncing up and down as if its accumulating
[11:26:48] <@wrbtrader> Yet, the speed of the price action is crazy fast
[11:27:24] <@wrbtrader> It sets up a super fast directional price movement on a big volatility spike
[11:27:39] <@wrbtrader> Its very repetitive and its ALGOs
[11:31:41] <werner1> yes indd ...mental so heavy for me :(
[11:36:29] <werner1> Long Emini NQ @ 6238.25
[11:36:56] <werner1> Exited all Emini NQ Long @ 6248.25 --> + 10
[12:41:05] <@wrbtrader> I just got back from lunch...went out to eat at my favorite Sushi place
[13:16:52] <@wrbtrader> Nice volatility spike that took prices lower but the speed was too fast for me
[13:17:11] <@wrbtrader> I couldn't even do an intuition trade.
[13:17:23] <@wrbtrader> Broke just below the S area now...
[13:18:38] <@wrbtrader> Long Emini ES @ 2458.00 -> small size
[13:19:01] <@wrbtrader> Exited all Emini ES Long @ 2458.25 --> + 0.25
[13:19:06] <@wrbtrader> :(
[13:20:15] <@wrbtrader> that was a 3 contract trade (3x)
[13:41:06] <@wrbtrader> Long Emini ES @ 2467.25 -> small size
[13:41:10] <@wrbtrader> 3x
[13:43:13] <@wrbtrader> WRB pt1 reached but the volatility has died :(
[13:44:26] <@wrbtrader> Exited all Emini ES Long @ 2470.75 --> + 3.5
[13:47:23] <@wrbtrader> Amazing how very little I got out of that initial 500 point drop in the Dow :(
[13:47:44] <@wrbtrader> Yet, I was taking breaks (doing other things) away from the computer
[13:48:11] <@wrbtrader> Just didn't the markets would make such a strong directional move today
[13:59:00] <@wrbtrader> S area just broke
[14:03:13] <@wrbtrader> Long Emini ES @ 2460.50 -> small size
[14:03:18] <@wrbtrader> 3x
[14:03:34] <@wrbtrader> snapback down soon after entry :(
[14:03:40] <@wrbtrader> Freaky price action
[14:05:13] <@wrbtrader> Exited all Emini ES Long @ 2457.00 --> - 3.5
[14:05:36] <@wrbtrader> Long Emini ES @ 2458.50 -> small size
[14:05:44] <@wrbtrader> 3x re-entry
[14:08:06] <@wrbtrader> WRB pt1 reached...need to hold this longer due to the prior trade result
[14:08:36] <@wrbtrader> Price action not moving fast...I'm just too slow these recent trades
[14:13:29] <@wrbtrader> Exited all Emini ES Long @ 2461.25 --> + 2.75
[14:13:36] <@wrbtrader> trail stop hit
[14:13:38] <@wrbtrader> :(
[14:14:11] <@wrbtrader> It then bounces back UPwards after stealing my trail stop
[14:14:26] <@wrbtrader> freaky
[14:14:53] <@wrbtrader> superfast chop showing up
[14:15:12] <@wrbtrader> Pending directional fast price action
[14:15:33] <@wrbtrader> Long Emini ES @ 2460.00 -> small size
[14:15:39] <@wrbtrader> correction...
[14:15:51] <@wrbtrader> Shorts Emini ES @ 2460.00 -> small size
[14:15:54] <@wrbtrader> 3x
[14:17:22] <@wrbtrader> Covered all Emini ES Short @ 2460.00 --> 0
[14:17:28] <@wrbtrader> :(
[14:19:40] <@wrbtrader> :(
[14:19:46] <@wrbtrader> Geeesh...tough
[14:33:54] <@wrbtrader> Long Emini ES @ 2468.50 -> small size
[14:34:00] <@wrbtrader> correction...
[14:34:03] <@wrbtrader> geeesh
[14:34:15] <@wrbtrader> Shorts Emini ES @ 2468.50 -> small size
[14:34:21] <@wrbtrader> 3x
[14:35:01] <@wrbtrader> last time I had a correction...almost took me out for a loss because I was too concentrated on correcting the message post
[14:36:02] <@wrbtrader> Covered all Emini ES Short @ 2465.25 --> + 3.25
[14:36:38] <@wrbtrader> I have not had any split fills today
[14:37:23] <@wrbtrader> Yesterday I had several split fills for such a highly liquid trading instrument like Emini ES futures...split fills on 3 - 5 contracts
[14:37:56] <@wrbtrader> usually 1 of the contract would be filled just .25 different from the other contracts
[14:38:54] <@wrbtrader> chopping fast now
[14:39:10] <@wrbtrader> I'm now expecting a volatility spike (fast moving)
[14:39:39] <@wrbtrader> Long Emini ES @ 2467.50 -> small size
[14:39:44] <@wrbtrader> 3s
[14:39:50] <@wrbtrader> meant 3x
[14:40:45] <@wrbtrader> shallow WRB pt1 reached...not able to grab it :(
[14:41:08] <@wrbtrader> Exited all Emini ES Long @ 2465.25 --> - 2.25
[14:46:34] <@wrbtrader> Shorts Emini ES @ 2461.50 -> small size
[14:46:37] <@wrbtrader> 3x
[14:47:35] <@wrbtrader> too slow in reacting to that down move...too much analysis on the trade signal verification
[14:47:47] <@wrbtrader> shallow WRB pt1 reached
[14:49:18] <@wrbtrader> stalling at a S area
[14:49:44] <@wrbtrader> tightning trail stop
[14:50:21] <@wrbtrader> Covered all Emini ES Short @ 2460.00 --> + 1.5
[14:50:28] <@wrbtrader> trail stop hit
[15:25:07] <@wrbtrader> Dow still -600 points
[15:25:20] <@wrbtrader> trying hard to get worst
[15:26:46] <@wrbtrader> The government shutdown already ranks as the 2nd-longest in 20 years (marketwatch) @ https://www.marketwatch.com/story/the-g ... 2019-01-03
[15:31:59] <@wrbtrader> Emini ES trying to volatility spike now
[15:33:52] <@wrbtrader> biggest WRB Hidden GAP iterval since 1:15pmm est
[15:56:04] <@wrbtrader> Shorts Emini ES @ 2450.00 -> small size
[15:56:10] <@wrbtrader> 3 contracts
[15:57:13] <@wrbtrader> testing S area
[15:57:58] <@wrbtrader> Covered all Emini ES Short @ 2445.75 --> + 4.25
[15:58:12] <@wrbtrader> correction
[15:58:37] <@wrbtrader> Covered all Emini ES Short @ 2450.75 --> - 0.75
[15:59:01] <@wrbtrader> Long Emini ES @ 2451.00 -> small size
[15:59:06] <@wrbtrader> 3x
[15:59:47] <@wrbtrader> Exited all Emini ES Long @ 2449.00 --> - 2
[15:59:59] <@wrbtrader> Shorts Emini ES @ 2449.00 -> small size
[16:00:06] <@wrbtrader> 3x
[16:01:00] <@wrbtrader> Covered all Emini ES Short @ 2451.75 --> - 2.75
[16:01:25] <@wrbtrader> Long Emini ES @ 2453.00 -> medium size
[16:01:33] <@wrbtrader> 5x
[16:01:50] <@wrbtrader> :(
[16:03:32] <@wrbtrader> Exited all Emini ES Long @ 2450.00 --> - 3
[16:04:23] <@wrbtrader> Shorts Emini ES @ 2448.75 -> medium size
[16:04:28] <@wrbtrader> 5x
[16:04:57] <@wrbtrader> weird to see that happnen...trades initially going my way on entry and then suddenly reverse to take me out for a loss
[16:05:48] <@wrbtrader> 3 point range...just bounced around
[16:07:12] <@wrbtrader> Covered all Emini ES Short @ 2450.00 --> - 1.25
[16:07:47] <@wrbtrader> Long Emini ES @ 2451.00 -> small size
[16:07:54] <@wrbtrader> 5x
[16:10:09] <@wrbtrader> tight range...normal price movement
[16:12:15] <@wrbtrader> Exited all Emini ES Long @ 2449.00 --> - 2
[16:13:27] <@wrbtrader> Long Emini ES @ 2448.50 -> medium size
[16:13:36] <@wrbtrader> 5x
[16:13:43] <@wrbtrader> added another 5x
[16:15:11] <@wrbtrader> :(
[16:15:22] <@wrbtrader> caught in the maintenance period
[16:15:34] <@wrbtrader> will exit these when it resumes trading
[16:30:38] <@wrbtrader> still bouncing around after reopening :(
[16:33:09] <@wrbtrader> In hindsight...I got knocked around between those s/r levels of the contracting volatility that had the 3.5 point range
[16:35:10] <@wrbtrader> It began as a 10 point range the last 15mins and then quickly shrunk to a 3.5 point range
[16:35:57] <@wrbtrader> Currently still a 3.5 point range and current open position a little less than midpoint
[16:37:39] <@wrbtrader> Exited 1/2 Emini ES Long @ 2448.75 --> + 0.25
[16:39:00] <@wrbtrader> I was looking for a more volatile directional price movement off the Apple news surprise...only got a choppy tight trading range
[16:41:27] <@wrbtrader> Exited Remainder Emini ES Long @ 2449.25 --> + 0.75
[16:42:03] <@wrbtrader> Not the way I wanted to end today but still profitable for the day...
[16:42:36] <@wrbtrader> In hindsight, the increase in size from 3x to 5x was a big mistake because that range quickly tighten fast
[16:42:47] <@wrbtrader> Take care all and see all tomorrow
Session Close


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

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

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

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

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

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

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

Image CME Emini Futures EMD, ES and NQ

Image CME Emini RTY Futures (formerly ICE TF)

Image CBOT mini-sized Dow Futures YM

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

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

Image Euronext Futures FTSE-100 and CAC-40

Image CME Futures EuroFX 6E and EC

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

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

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

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

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

Image S&P CNX NIFTY Futures

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

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

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

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

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

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

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

Note: chat logs saved (timestamp) from Qu├ębec, Canada in eastern daylight time

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body/wide range bar analysis)
a.k.a. wrbtrader (more info about me): http://www.thestrategylab.com/wrbtrader.htm
TheStrategyLab Price Action Trading
Image@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
wrbanalysis@gmail.com (24/7)
Twitter @ http://twitter.com/wrbtrader (24/7)
Stocktwits @ http://stocktwits.com/wrbtrader (24/7)

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