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 Post subject: March 7th Thurs - Futures, Forex, Stocks and ETF
 Post Posted: Thu Mar 07, 2019 4:22 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2610
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...especially if you login to the free chat room and then just lurk (not say anything about your 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 Zones, WRB/WRB Hidden GAP profit targets, Key Market Events, Reaction Highs/Lows, Expanding Volatility, R area of WRB Zone, S area of WRB Zone, midpoint of WRB Zone and speed of the price action) 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 chat logs (we use it to provide critical missing info for our broker statements) 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

Our disclaimer statement applies to the chat room, forum and website @ http://www.thestrategylab.com/Disclaimer.htm

Attachment:
030719-TheStrategyLab-Chat-Room-Key-Markets.png
030719-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.57 MiB | Viewed 2 times ]

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

[08:21:07] * Now talking in ##TheStrategyLab
[08:21:07] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:06] <wrbtrader> Bon Matin
[09:31:21] <wrbtrader> sorry
[09:31:28] <wrbtrader> Good morning all
[09:31:31] <Tigerman______> gm all
[09:31:32] <wrbtrader> KME's today @ 1030am, 1215pm, 1230pm and 1500pm est
[09:32:35] <Tigerman______> sh es 2771.25
[09:32:42] <wrbtrader> I didn't trade yesterday...its spring break for my kids...spent the day with them at the mall...shopping and vaccination appointments for them
[09:33:36] <wrbtrader> Mom has them for the next two days...I'm free to trade :)
[09:34:43] <Tigerman______> exit 1/2 @ 70.50 +1.75
[09:35:35] <Tigerman______> exit 2/6 @ 69.75 +2.5
[09:37:42] <Tigerman______> exit all rem 1/6 @ 2766.75 +5.5
[09:39:24] <Tigerman______> VIX @ 16.78 rising
[09:39:34] <wrbtrader> Yep
[09:40:47] <Tigerman______> sh es 2764.75
[09:41:01] <Tigerman______> hard here can reboung against me
[09:42:50] <Tigerman______> exit 4/6 @ 64.60 +.25
[09:45:03] <Tigerman______> exit 1/6 @ 62.50 +2.25
[09:45:09] <wrbtrader> Shorts Emini ES @ 2756.25 -> small size
[09:45:11] <wrbtrader> 3x
[09:46:29] <wrbtrader> Covered all Emini ES Short @ 2752.75 --> + 3.5
[09:46:38] <wrbtrader> WRB pt1 reached
[09:47:44] <Tigerman______> exit all @ 2757.75 +7p
[09:50:11] <Tigerman______> sh es 2757.75
[09:50:30] <Tigerman______> exit 3/6 @ 57 +.75
[09:50:48] <wrbtrader> The big price drop started within the hour after the ECB Monetary Policy Statement
[09:51:05] <wrbtrader> Europe growth outlook not good
[09:52:04] <Tigerman______> exit 2/6 @ 2755 +2.75
[09:53:14] <Tigerman______> new add @ 2754.5
[09:55:20] <Tigerman______> exit all 1/6 from first trade @ 2752.25 +5.5
[09:56:11] <Tigerman______> exit 3/6 @ 52.25 +2.25 this is 2nd ADD
[10:00:32] <Tigerman______> exit all rem @ 2753.50 +1
[10:02:45] <Tigerman______> RTY fight the fall
[10:06:23] <Tigerman______> lg es 2756.25
[10:06:56] <Tigerman______> exit all @ 55.25 +1
[10:07:19] <Tigerman______> -1p of course
[10:08:26] <wrbtrader> contraction in the volatility now
[10:08:35] <Tigerman______> lg es 54.75
[10:09:32] <Tigerman______> exit 3/6 @ 55.75 +1
[10:10:04] <Tigerman______> exit all @ 54.75 +0 trail hit
[10:10:53] <Tigerman______> lg es 54.50
[10:14:28] <wrbtrader> Emini futures need to push a little lower to setup a new S area...for a possible attempt at a bounce upward a few points
[10:14:47] <wrbtrader> right now its stuck near the S area of the contracting volatility
[10:15:20] <Tigerman______> exit all @ 53.50 -1
[10:15:32] <Tigerman______> yeah too noizy now
[10:25:43] <Tigerman______> lg 2750.50
[10:25:48] <Tigerman______> counter trend trade
[10:26:28] <Tigerman______> exit 3/5 @ 51.5 +1
[10:27:01] <wrbtrader> Long Emini ES @ 2746.75 -> small size
[10:27:04] <wrbtrader> 3x
[10:27:10] <Tigerman______> exit 2/6 @ 2752 +1.5
[10:31:47] <wrbtrader> Exited all Emini ES Long @ 2749.25 --> + 2.5
[10:33:22] <wrbtrader> WRB pt1 reached (small)
[10:34:29] <Tigerman______> exit all rem @ 2755 +4.5
[10:35:23] <Tigerman______> in this counter-trend difficult part is hang on it ... they try to shake us out all the time
[10:36:13] <Tigerman______> anyway trend is still down in my analysis
[10:45:31] <wrbtrader> Hey all...I want to share something with you...
[10:46:06] <wrbtrader> There's been a CME Group Futures Challenge trading contest this week from March 3rd to March 8th
[10:46:16] <wrbtrader> Anybody hear about it ???
[10:46:17] <Tigerman______> is it lottery related :))
[10:47:10] <Tigerman______> no curiously I m right now on CME site to check settlement
[10:47:22] <wrbtrader> https://www.cmegroup.com/education/trading-challenge.html
[10:47:42] <wrbtrader> I heard about it a little late but decided to enter the competiton...
[10:47:56] <wrbtrader> I heard about it from other WRB Analysis clients
[10:48:57] <wrbtrader> The top traders were already up 30k - 40k when I enter the challenge late...
[10:49:09] <Tigerman______> thanks wrbtrader I read it now
[10:49:14] <wrbtrader> Winner gets 2.5k as a prize money
[10:49:42] <Tigerman______> what I no agree is the short span...just a week
[10:49:47] <wrbtrader> 2 clients are on the leaderboard
[10:50:18] <wrbtrader> I'm rank about 115 out of a few thousand entered...
[10:50:21] <Tigerman______> at this point I ll have a deep look at it
[10:50:25] <wrbtrader> http://www.thestrategylab.com/images/CME-Group-Futures-Challenge-Leaderboard.png
[10:50:52] <wrbtrader> I'm in the competition as Matoskah Akecheta
[10:51:27] <wrbtrader> Not sure how those guys are up so big on the leaderboard
[10:52:04] <wrbtrader> Tough to trade real money at the same time as a competition...
[10:52:39] <wrbtrader> So far...not that many trades from me from everybody else but ALL of my trades so far have been winners :)
[10:54:19] <wrbtrader> My goal is to finish the competition with at least 10 trades with ALL WINNERS :)
[10:54:49] <wrbtrader> My late entry will prevent me from catching up with the Top 10 on the leaderboard
[10:55:11] <wrbtrader> Competition ends Friday at the close
[10:56:32] <wrbtrader> Once again...I'm in the competition via my Native American Indian name Matoskah Akecheta
[10:57:49] <wrbtrader> I find it striking that most on the leaderboard are trading Emini ES futures or Emini NQ futures
[10:58:18] <Tigerman______> good luck wrbtrader with that competition
[10:58:51] <wrbtrader> Missing that two trading days of the competition has put me at a disadvantage...two of the biggest price movement days in the tournament :(
[11:01:13] <wrbtrader> Its difficult because I'm also trading real money in my own trades while the competition is occurring...two different platforms...similar trades via WRB Analysis but not via the exact same trade fills
[11:01:25] <wrbtrader> Feels like I have two heads on my shoulder :)
[11:02:43] <Tigerman______> yeah that can be distracting ...better give priority on your real account
[11:02:48] <wrbtrader> I know 6 pro traders in the tournament...all of them are in the negative :(
[11:03:00] <wrbtrader> Yeah, my real trading account has priority
[11:03:16] <wrbtrader> That's another disadvantage for the competition
[11:03:54] <wrbtrader> They should do a "real money" competition and the brokerage firms submit the daily trading reports :)
[11:04:00] <Tigerman______> it can a bit different if you competed in an old trading competition in south europe
[11:04:20] <Tigerman______> first year price was a Porche 2nd a brend new Ferrari :)
[11:04:52] <Tigerman______> 3th year no competiotion anymore :)
[11:05:42] <wrbtrader> Nice
[11:05:51] <Tigerman______> it was to atract traders with that broker ...it needed real money ...your money around 50K€
[11:05:59] <wrbtrader> if the prize money was like 50k or more...
[11:06:18] <wrbtrader> I would put my real money trading on the sidelines and ONLY trade the competition
[11:06:30] <Tigerman______> yeah Ferrari worth arond 150K€
[11:06:46] <Tigerman______> many cheated
[11:06:49] <wrbtrader> Regardless, there's 3 other WRB Analysis traders in the competition...
[11:07:13] <wrbtrader> All 3 performing better than me and one of them in the top 10 ranking
[11:07:30] <Tigerman______> useded multiple accound bwtween them hedged the position so the luckiest can won
[11:08:35] <wrbtrader> That crossed my mind last night...what if someone is using multiple aliases in the competition...easy to do via VPNs and rented IP addresses
[11:09:02] <wrbtrader> Swing from the roof in different trading accounts and then hope one of them wins
[11:10:07] <wrbtrader> I'm connnected remotely to my computer in France...
[11:10:29] <wrbtrader> That's another way someone can use multiple aliases via remote trading
[11:11:25] <Tigerman______> at the end is just advertisement x CME and trading brokers
[11:11:45] <wrbtrader> Exactly
[11:11:49] <Tigerman______> anyway is interesting
[11:14:28] <wrbtrader> Anyways, out of several thousand of traders and a lot of professional traders in the competition...my current rank of 115 isn't too bad plus all of my trades have been profitable and I've missed two key trading days of the competiton that has the biggest price action movement
[11:15:06] <wrbtrader> Now back to real money trading :)
[11:16:37] <wrbtrader> A lot more contraction in the volatility has shown up in the Emini futures
[11:37:33] <Tigerman______> thanks wrbtrader x competiotion info and for this chat
[11:37:41] <Tigerman______> I finish here x today
[11:37:48] <Tigerman______> take care all see next time
[11:37:51] <wrbtrader> Ok...take care
[12:14:11] <wrbtrader> Shorts Emini ES @ 2752.50 -> small size
[12:14:14] <wrbtrader> 3x
[12:19:32] <wrbtrader> contraction showing up in the volatility :(
[12:20:01] <wrbtrader> Hopefully it will setup for a volatility spike and take prices lower
[12:25:05] <wrbtrader> keeps trying and then it spikes upwards :(
[12:25:45] <wrbtrader> It needs to get below 2751.00
[12:31:21] <wrbtrader> range price action in action now
[12:32:02] <wrbtrader> Emini ES futures current ranging 2755.00 - 2751.00
[12:32:47] <wrbtrader> Covered Emini ES Short @ 2750.75 --> + 1.75
[12:32:47] <wrbtrader> Reverse and Enter Long Emini ES @ 2750.75
[12:33:21] <wrbtrader> Exited all Emini ES Long @ 2750.75 --> 0
[12:34:26] <wrbtrader> price action all over the place on the KME
[12:35:35] <wrbtrader> The position reversal into that Long was a posting error...no Long position
[12:35:52] <wrbtrader> reason why I cleaned it out at breakeven
[12:36:54] <wrbtrader> Short position was covered as a small WRB pt1
[12:38:10] <wrbtrader> Next KME @ 3:00pm est
[13:28:01] <wrbtrader> Emini RTY and Emini NQ have retraced back down to the 1230pm est KME price range...
[13:28:30] <wrbtrader> In contrast, Emini ES and YM futures are lagging behind the retracement
[13:29:18] <wrbtrader> Simply, ES and YM were stronger in their Up movement in reacting to the KME but slower in their Down movement in the retracement :)
[13:30:47] <wrbtrader> Another way to look at it...key markets were not insync on the way Up and now on the way Down in reaction to that 1230pm est KME
[13:37:03] <wrbtrader> Emini ES futures has now retraced back to the KME price action...that now leaves Emini YM as the lagger while Emini NQ and RTY are below the low of the KME price action
-
[13:54:15] * Now talking in ##TheStrategyLab
[13:54:15] -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
[13:58:01] <wrbtrader> The lag in Emini YM futures could take the Emini futures much lower...take ES and YM down below the lows of the KME price reaction
[16:08:58] <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.

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

Image Where did wrbtrader go? | Elite Trader @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=161&t=2844

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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