##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
CME Group Trade Against A Pro Futures Challenge: http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=360&t=4038
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.

This is not a signal calling (trade alerts) room. Our free chat room has never been advertised as a trade alerts room and we ban traders for attempting to use our chat room as a trade alerts room for the purpose to mimic/copy/piggyback 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


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

[08:31:36] * Now talking in ##TheStrategyLab
[09:02:43] <wrbtrader> Long Emini ES @ 2835.00 -> small size
[09:02:46] <wrbtrader> 2x
[09:03:37] <wrbtrader> early entry before confirmation...I'm too aggressive on this trade
[09:08:50] <wrbtrader> Exited all Emini ES Long @ 2835.50 --> + 0.5
[09:09:30] <wrbtrader> not a WRB pt1 level
[09:09:47] <wrbtrader> early exit...have some distractions here at home
[09:09:55] <wrbtrader> Be back in a few minutes
[09:21:27] <wrbtrader> Reminder: FOMC Rate Announcement @ 2pm est
[09:46:41] <wrbtrader> Shorts Emini ES @ 2828.75 -> small size
[09:46:43] <wrbtrader> 1x
[09:47:45] <wrbtrader> Covered Emini ES Short @ 2831.00 --> - 2.25
[09:48:23] <wrbtrader> Shorts Emini ES @ 2829.50 -> small size
[09:48:26] <wrbtrader> 1x
[09:49:13] <wrbtrader> Covered Emini ES Short @ 2831.00 --> - 1.5
[09:49:54] <wrbtrader> Long Emini ES @ 2831.50 -> small size
[09:50:02] <wrbtrader> 1x
[09:55:21] <wrbtrader> Exited Emini ES Long @ 2829.50 --> - 2
[09:55:21] <wrbtrader> Reverse and Enter Short Emini ES @ 2829.50
[09:55:29] <wrbtrader> 4x
[09:58:48] <wrbtrader> sudden ALGO spike
[09:59:18] <wrbtrader> Covered all Emini ES Short @ 2828.00 --> + 1.5
[09:59:46] <wrbtrader> Now profitable but the price action is very squirrely
[10:01:19] <wrbtrader> Emini RTY messy up the correlations so far this morning
[10:02:27] <wrbtrader> Long Emini ES @ 2829.75 -> medium size
[10:02:30] <wrbtrader> 5x
[10:03:27] <wrbtrader> Emini ES price action just filled in the most recent Down WRB Hidden GAP interval 1min chart
[10:06:56] <wrbtrader> more correlation problems with the Emini futures
[10:07:27] <wrbtrader> I saw it earlier out of the gate...reason why I was 1 contract only for the first few trades
[10:07:45] <wrbtrader> I then started increasing my position size as the correlations improved
[10:08:17] <wrbtrader> Yet, this Long position the correlation went south again but now its improving fast
[10:08:29] <wrbtrader> NQ leading the way
[10:08:53] <wrbtrader> WRB pt1 reached
[10:09:54] <wrbtrader> Exited all Emini ES Long @ 2830.75 --> + 1
[10:13:26] <wrbtrader> Shorts Emini ES @ 2827.75 -> medium size
[10:13:28] <wrbtrader> 5x
[10:16:08] <wrbtrader> shallow WRB pt1 reached
[10:19:06] <wrbtrader> Covered all Emini ES Short @ 2828.50 --> - 0.75
[10:19:45] <wrbtrader> getting choppy again
[10:19:56] <wrbtrader> I'm now expecting a volatility spike here soon
[10:22:18] <wrbtrader> Shorts Emini ES @ 2827.00 -> medium size
[10:22:24] <wrbtrader> 5x
[10:23:38] <wrbtrader> volatility spike with a lot of chop
[10:24:31] <wrbtrader> Covered all Emini ES Short @ 2826.75 --> + 0.25
[10:25:29] <wrbtrader> Long Emini ES @ 2827.25 -> medium size
[10:25:33] <wrbtrader> 5x
[10:27:07] <wrbtrader> Exited all Emini ES Long @ 2827.75 --> + 0.5
[10:27:14] <wrbtrader> geeesh
[10:28:52] <wrbtrader> Long Emini ES @ 2829.00 -> medium size
[10:28:56] <wrbtrader> 5x
[10:31:41] <wrbtrader> every trade today that reached a WRB pt1...they have all retraced back against me...
[10:31:47] <wrbtrader> That's a ton of chop
[10:32:29] <wrbtrader> WRB pt1 reached...again...I need to be careful now
[10:32:49] <wrbtrader> @ 2830.50
[10:33:16] <wrbtrader> Exited all Emini ES Long @ 2829.00 --> 0
[10:33:27] <wrbtrader> b.s.
[10:34:57] <wrbtrader> I was expecting a ton of chop today going into the FOMC Rate Announcement...just didn't expect the quick retracements of WRB pt1 levels
[10:45:01] <wrbtrader> Long Emini ES @ 2829.50 -> medium size
[10:45:05] <wrbtrader> 5x
[10:46:08] <wrbtrader> testing the most recent reaction high
[10:46:28] <wrbtrader> also its a R area
[10:46:47] <wrbtrader> WRB pt1 reachecd
[10:47:45] <wrbtrader> tough psychological trade for me after all of WRB pt1 levels retracing back against the trade
[10:48:17] <wrbtrader> Exited all Emini ES Long @ 2830.25 --> + 0.75
[10:48:27] <wrbtrader> It did it again...wow
[10:50:02] <wrbtrader> That should have moved higher to retest the WRB Analysis Pivot Point of 2834.00
[10:50:45] <wrbtrader> Only Emini NQ futures has manage to get above its WRB Analysis Pivot Point
[10:56:07] <wrbtrader> All the Eurex/Euronext futures below their WRB Analysis Pivot Points too...making Emini NQ futures clearly the leader right now because its the only one above its own WRB Analysis Pivot Point
[11:01:11] <wrbtrader> Long Emini ES @ 2832.00 -> medium size
[11:01:17] <wrbtrader> 5x
[11:08:42] <wrbtrader> If Emini ES futures can get above the WRB Analysis Pivot Point of 2834.00 before the FOMC Rate Announcement...it should be able to stay above it and then strongly move higher...vice versa if it can not get above by the time of the rate announcement...it should stay below and then move strongly lower
[11:39:45] <wrbtrader> Exited all Emini ES Long @ 2828.25 --> - 3.75
[11:40:29] <wrbtrader> Emini RTY making new intraday lows
[11:41:10] <wrbtrader> Shorts Emini ES @ 2828.00 -> medium size
[11:41:13] <wrbtrader> 5x
[11:42:39] <wrbtrader> Emini NQ testing its WRB Analysis Pivot Point
[11:44:23] <wrbtrader> now below the pivot of 7373.25
[11:45:36] <wrbtrader> Covered all Emini ES Short @ 2827.75 --> + 0.25
[11:45:47] <wrbtrader> trail stop pick pocketed
[11:48:25] <wrbtrader> Shorts Emini ES @ 2825.75 -> medium size
[11:48:27] <wrbtrader> 5x
[11:52:59] <wrbtrader> WRB pt1 reached again
[11:54:53] <wrbtrader> Covered all Emini ES Short @ 2824.75 --> + 1
[11:55:02] <wrbtrader> trail stop pick pocketed
[11:55:14] <wrbtrader> at the WRB pt1 level
[11:55:41] <wrbtrader> Shorts Emini ES @ 2823.50 -> medium size
[11:55:43] <wrbtrader> 5x
[11:56:28] <wrbtrader> Covered all Emini ES Short @ 2822.75 --> + 0.75
[11:56:30] <wrbtrader> shallow WRB pt1 reached
[12:02:42] <wrbtrader> Rug was pulled out after the leader Emini NQ futures fell below its WRB Analysis Pivot Point
[12:08:28] <wrbtrader> Long Emini ES @ 2825.00 -> medium size
[12:08:34] <wrbtrader> 5x
[12:09:34] <wrbtrader> Emini NQ back above its WRB Analysis Pivot Point
[12:10:18] <wrbtrader> Exited all Emini ES Long @ 2825.25 --> + 0.25
[12:10:28] <wrbtrader> now back below
[12:17:02] <wrbtrader> Long Emini ES @ 2626.25 -> medium size
[12:17:07] <wrbtrader> 5x
[12:22:49] <wrbtrader> NQ wasn't able to stay above that pivot point after breifly getting above it
[12:22:56] <wrbtrader>
[12:30:37] <wrbtrader> Emini NQ currently trading near that pivot point as it its a magnet
[12:31:52] <wrbtrader> Maybe with Europe markets closing now...the Eminis will have less pressure from other poor performing markets
[12:33:18] <wrbtrader> Exited all Emini ES Long @ 2822.25 --> + 196
[12:33:23] <wrbtrader> volatility spike
[12:33:28] <wrbtrader> correction
[12:34:14] <wrbtrader> Exited all Emini ES Long @ 2622.25 --> - 4
[12:34:45] <wrbtrader> its really 2826.25 - 2822.25
[12:35:02] <wrbtrader> Shorts Emini ES @ 2821.00 -> large size
[12:35:07] <wrbtrader> 10x
[12:39:11] <wrbtrader> Covered all Emini ES Short @ 2820.50 --> + 0.5
[12:39:16] <wrbtrader> volatility spike due to comments by President Trump about the tarrifs against China will remain in place until China complies
[12:39:51] <wrbtrader> Long Emini ES @ 2820.50 -> medium size
[12:39:55] <wrbtrader> 5x
[12:44:17] <wrbtrader> I wish Trump will be quiet about tariffs and trade deals (lack of) during the markets
[12:45:05] <wrbtrader> He's openly discussed how he dislikes the FED speakers making negative comments during market hours when in reality he's just as guilty of doing the same
[12:46:14] <wrbtrader> Current loss -925.00 going into a FOMC Rate Announcement...thanks to Trump comments
[12:51:56] <wrbtrader> WRB pt1 reached
[12:52:45] <wrbtrader> Exited all Emini ES Long @ 2822.25 --> + 1.75
[12:57:50] <wrbtrader> Not sure why the markets dropped like that on President Trumps comments considering he's been making the same comments for several weeks now
[12:58:16] <wrbtrader> Maybe its the contradiction with his other comments that the "trade talks are going well"
[12:59:05] <wrbtrader> Long Emini ES @ 2823.25 -> medium size
[12:59:12] <wrbtrader> 5x
[12:59:58] <wrbtrader> 2825.00 is the reaction point when President Trump's tariff comments hit the markets
[13:12:44] <wrbtrader> Emini ES futures back to the 2825 price level...a ton of work to get there
[13:13:31] <wrbtrader> I'm hoping Emini NQ can climb back to its WRB Analysis Pivot Point of 7373.25
[13:15:29] <wrbtrader> Too much contraction now in the volatility
[13:15:39] <wrbtrader> I'm now expecting a volatility spike here soon
[13:15:48] <wrbtrader> tightning my trail stop
[13:16:27] <wrbtrader> Exited all Emini ES Long @ 2823.75 --> + 0.5
[13:19:31] <wrbtrader> Long Emini ES @ 2824.00 -> medium size
[13:19:34] <wrbtrader> 5x
[13:35:09] <wrbtrader> Emini NQ was the leader today before Pres. Trump's tariff comments
[13:35:38] <wrbtrader> Emini RTY is now the leader after Pres. Trump's tariff comments
[13:49:22] <wrbtrader> WRB pt1 reached
[13:50:23] <wrbtrader> Exited all Emini ES Long @ 2824.25 --> + 0.25
[13:50:55] <wrbtrader> trail stop pick pocketed after hitting a WRB pt1...theme of the day for me
[13:51:32] <wrbtrader> Still negative for the day -300.00 before commissions/fees
[13:54:54] <wrbtrader> All the Emini futures below their WRB Analysis Pivot Point
[13:55:09] <wrbtrader> Only Emini NQ is near it...trying to get back above
[13:55:32] <wrbtrader> Long Emini ES @ 2825.00 -> medium size
[13:55:42] <wrbtrader> 5x
[13:55:45] <wrbtrader> correction...
[13:55:57] <wrbtrader> Long Emini ES @ 2825.25 -> medium size
[13:58:24] <wrbtrader> -4 point stop
[13:58:46] <wrbtrader> Don't want to be in atrade when the rate is announced
[14:01:49] <wrbtrader> Exited all Emini ES Long @ 2830.50 --> + 5.25
[14:02:18] <wrbtrader> Long Emini ES @ 2833.25 -> medium size
[14:02:22] <wrbtrader> 5x
[14:03:40] <wrbtrader> Exited all Emini ES Long @ 2838.25 --> + 5
[14:04:46] <wrbtrader> I'm very surprise the Emini futures got back above their WRB Analysis Pivot Points
[14:04:59] <wrbtrader> YM and RTY now barely above
[14:06:44] <wrbtrader> Profitable for the day after a hard fought battle to get back from Pres. Trump's tariff comments
[14:37:22] <Trendtrader> Just taking a look now... huge move up!
[14:46:18] <wrbtrader> Yes...it got me profitable for the day
[14:47:01] <wrbtrader> I have been taking only 1 contract trades since getting profitable but not posting them here in the chat room...trying to concentrate on the trades
[15:00:27] <wrbtrader> since 2:40pm est my trade direction has been Long positions
[15:01:38] <wrbtrader> meant since 1240pm est
[15:02:15] <wrbtrader> even in these unposted 1 contracted trade positions...all small profits
[15:03:05] <wrbtrader> Small profits because theres been much more contracting volatility
[15:04:23] <wrbtrader> Shorts Emini ES @ 2842.25 -> small size
[15:04:30] <wrbtrader> 1x
[15:06:51] <wrbtrader> Covered Emini ES Short @ 2842.00 --> + 0.25
[15:07:24] <wrbtrader> Had a WRB pt1 level but got greedy...didn't take it @ 2839.50 because I saw volatility showing up
[15:07:30] <wrbtrader> I thought it would go lower
[15:07:53] <wrbtrader> may re-enter the Short but
[15:22:19] <wrbtrader> more contracting volatility now
[15:23:00] <Trendtrader> looks like that was the correct call. mkt looks like it has some support and volatility is decreasing.
[15:23:41] <wrbtrader> still in the upper range above R area of the most recent Up WRB Hidden GAP interval on the 15 min chart
[15:25:31] <wrbtrader> Emini RTY still the leader this afternoon since Pres. Trump's tariff comments about China
[15:28:43] <wrbtrader> Emini ES futures a slow 10 point pullback from the intraday highs
[15:31:46] <wrbtrader> volatility just increased dramatically
[15:32:59] <wrbtrader> Shorts Emini ES @ 2833.75 -> small size
[15:33:01] <wrbtrader> 1x
[15:34:12] <wrbtrader> Covered Emini ES Short @ 2829.75 --> + 4
[15:34:21] <wrbtrader> WRB pt1 reached
[15:35:30] <wrbtrader> Caught another WRB pt1 this afternoon...I started catching those WRB pt1 levels "after" the FOMC Rate Announcement
[15:35:55] <wrbtrader> Before the announcement...every WRB pt1 I had...they retraced against me
[15:43:11] <wrbtrader> Emini ES futures back below that WRB Analysis Pivot Point of 2884.00
[15:43:31] <wrbtrader> meant 2834.00
[15:44:06] <wrbtrader> I had an order in for a Short position 1 tick below that pivot point
[15:44:44] <wrbtrader> I've been watching that pivot point all day...now I have a headache
[15:44:58] <wrbtrader> Take care all and see all tomorrow
Session Close

@ wrbtrader @ Frequently Asked Questions @ Risk Warnings @ Terms of Use Policy

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

##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

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
@ 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)