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 Post subject: July 9th Tues - Futures, Forex, Stocks and ETF
 Post Posted: Tue Jul 09, 2019 9:55 am 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2741
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
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.

Image 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 website, forum, chat room and live screen sharing meeting @ http://www.thestrategylab.com/Disclaimer.htm

070919-TheStrategyLab-Chat-Room-Key-Markets.png [ 3.01 MiB | Viewed 10 times ]

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

[09:31:02] * Now talking in ##TheStrategyLab
[09:32:30] <Trendtrader> exit nq long 7775.75 +5
[09:36:11] <Tigerman> gm all
[09:36:21] <Trendtrader> gm
[09:49:15] <Tigerman> messy action so far I did some fast trades not going well
[09:59:38] <wrbtrader> This price action is not pretty
[10:12:24] <wrbtrader> Shorts Emini ES @ 2973.75 -> small size
[10:12:28] <wrbtrader> 3 contracts
[10:12:40] <wrbtrader> sneaky interval...I got a little confused
[10:12:52] <wrbtrader> tighten trail stop
[10:14:03] <wrbtrader> I just wasn't careful with the rising contracting volatility intervals
[10:14:57] <wrbtrader> small WRB pt1 reached
[10:17:26] <wrbtrader> trailing @ profit
[10:17:54] <wrbtrader> Covered all Emini ES Short @ 2973.25 --> + 0.5
[10:22:14] <wrbtrader> I'm spying on the price movement in RTY (down)
[10:22:35] <wrbtrader> Shorts Emini ES @ 2974.00 -> small size
[10:22:42] <wrbtrader> 2 contracts
[10:22:50] <wrbtrader> early entry
[10:23:03] <wrbtrader> didn't wait for confirmation
[10:23:25] <wrbtrader> intuition trade via price action of RTY & YM
[10:24:13] <wrbtrader> volatility still poor...Eminis correlations is sluggish
[10:24:32] <wrbtrader> mainly due to the earlier rising contraction intervals
[10:25:42] <Tigerman> terrible action and volatility
[10:26:57] <wrbtrader> Covered all Emini ES Short @ 2974.50 --> - 0.5
[10:28:37] <wrbtrader> Shorts Emini ES @ 2973.50 -> small size
[10:28:48] <wrbtrader> 2 contracts re-entry
[10:31:02] <wrbtrader> RTY trying to move back up
[10:31:23] <wrbtrader> correlations have worsen
[10:31:45] <wrbtrader> Covered Emini ES Short @ 2974.50 --> - 1
[10:31:45] <wrbtrader> Reverse and Enter Long Emini ES @ 2974.50
[10:32:14] <wrbtrader> blame it on RTY
[10:32:37] <wrbtrader> 2 contracts and not looking good...intervals still contracted
[10:32:55] <wrbtrader> I'm now expecting a volatility spike here soon
[10:33:09] <wrbtrader> tightning stop loss
[10:33:25] <wrbtrader> now trailing @ profit
[10:33:41] <wrbtrader> small WRB pt1 reached
[10:35:29] <wrbtrader> rolled the dice...decided to hold this Long position a little longer to see if volatility shows up to push this a little higher
[10:36:30] <wrbtrader> R area @ 2978.25
[10:37:15] <wrbtrader> WRB pt1 on a higher timeframe now - 15min chart
[10:37:38] <wrbtrader> Exited all Emini ES Long @ 2976.25 --> + 1.75
[10:39:22] <wrbtrader> too bad I couldn't hold that longer to see if volatility would show up and push it to the R area
[10:49:46] <wrbtrader> Long Emini ES @ 2977.50 -> small size
[10:49:49] <wrbtrader> 2 contracts
[10:50:54] <wrbtrader> Its there now at the R area but having problems trying to push higher
[10:51:29] <wrbtrader> RTY no longer helping now :(
[10:51:40] <wrbtrader> same with NQ and YM
[10:52:18] <wrbtrader> Exited all Emini ES Long @ 2977.00 --> - 0.5
[10:54:53] <wrbtrader> Long Emini ES @ 2977.75 -> small size
[10:55:01] <wrbtrader> 2 contracts re-entry
[10:56:34] <wrbtrader> Exited all Emini ES Long @ 2976.75 --> - 1
[10:57:11] <Tigerman> terrible slow vola day
[10:57:26] <wrbtrader> should've dumped that at -0.25 when the volatility dropped off the map
[10:57:58] <Donnin________> im stilll in from
[10:57:59] <Tigerman> I ended in loss also commissions in mES impacted
[10:58:07] <Donnin________> 7821 on nq long
[10:58:23] <Tigerman> simply out the gate I suspected today was a messy action day
[10:58:43] <Donnin________> its a actual trade signal for me
[10:59:38] <Tigerman> seems to me it is more important the "action" in markets more then signals itself
[10:59:41] <Donnin________> not happy to see the appearance of that wrb dn hg
[10:59:51] <wrbtrader> Shorts Emini ES @ 2976.00 -> small size
[11:00:02] <wrbtrader> 2 contracts
[11:00:15] <wrbtrader> WRBs appearing now within the Emini futures
[11:00:31] <wrbtrader> RTY and YM causing the problems
[11:00:33] <Tigerman> I finish here x today
[11:00:40] <Tigerman> take care all see next tie
[11:00:41] <Donnin________> whats suspect today new related?
[11:00:44] <Donnin________> ok tc
[11:00:54] <wrbtrader> Bye Tigerman
[11:01:01] <Tigerman> bye all
[11:01:36] <wrbtrader> I think there must be stocks on the Dow and Russell impacting the correlations today
[11:01:54] <wrbtrader> Their WRB HG intervals are larger than the ES and NQ
[11:03:52] <Donnin________> i just got a 500 contract print on downside at 19
[11:04:02] <Donnin________> which is rare
[11:04:13] <Donnin________> on nq
[11:04:15] <wrbtrader> Covered all Emini ES Short @ 2976.75 --> - 0.75
[11:04:35] <wrbtrader> Long Emini ES @ 2977.25 -> small size
[11:04:59] <wrbtrader> price actions now correlating suddenly out of nowhere
[11:05:16] <wrbtrader> 2 contracts
[11:05:25] <Donnin________> i need 31 to hit
[11:05:47] <wrbtrader> Emini ES restesting the R area again
[11:06:11] <wrbtrader> this time with volatility in comparison to the prior retest without the volatility
[11:08:04] <wrbtrader> WRB pt1 reached
[11:08:18] <wrbtrader> Exited all Emini ES Long @ 2978.50 --> + 1.25
[11:12:57] <wrbtrader> I think I was distracted by that huge volatility spike in Gold GC futures that took its prices straight up
[11:15:29] <wrbtrader> Someone asked me via email about why I don't use social media like Twitter & Stocktwits ?
[11:16:17] <wrbtrader> I do use them but mainly for posting market news events from Bloomberg, Reuters, CNBC, FinancialTimes and such.
[11:18:03] <wrbtrader> Also, I use it less these days because there's LESS real time news by other traders
[11:19:16] <wrbtrader> In the old days...a trader on stocktwits from Europe and one of those Arab countries would post in real time an big news alert about Oil that impacts BZ and CL Oil futures
[11:19:30] <wrbtrader> You rarely see that anymore today :(
[11:19:56] <wrbtrader> News you got before the big financial news channels picked up on it
[11:25:05] <Donnin________> right
[11:25:36] <wrbtrader> Long Emini ES @ 2978.75 -> small size
[11:25:56] <wrbtrader> 2 contracts intuition
[11:28:03] <wrbtrader> Exited all Emini ES Long @ 2978.75 --> 0
[11:28:45] <wrbtrader> RTY and YM putting the downside pressure on ES and NQ again
[11:29:24] <wrbtrader> Shorts Emini ES @ 2977.50 -> small size
[11:29:28] <wrbtrader> 3 contracts
[11:30:10] <wrbtrader> small WRB pt1 reached
[11:30:38] <wrbtrader> Covered all Emini ES Short @ 2977.25 --> + 0.25
[11:31:19] <wrbtrader> WRB pt1s have been small today
[11:31:33] <wrbtrader> a lot of contracting intervals
[11:35:26] <wrbtrader> Shorts Emini ES @ 2977.00 -> small size
[11:35:32] <wrbtrader> 3 contracts
[11:30:10] <wrbtrader> small WRB pt1 reached
[11:30:38] <wrbtrader> Covered all Emini ES Short @ 2977.25 --> + 0.25
[11:31:19] <wrbtrader> WRB pt1s have been small today
[11:31:33] <wrbtrader> a lot of contracting intervals
[11:35:26] <wrbtrader> Shorts Emini ES @ 2977.00 -> small size
[11:35:32] <wrbtrader> 3 contracts
[11:35:47] <wrbtrader> size increased because of the volatility is increasing
[11:36:15] <wrbtrader> small WRB pt1 reached
[11:38:03] <wrbtrader> Covered all Emini ES Short @ 2976.75 --> + 0.25
[11:38:33] <wrbtrader> tough today
[12:00:51] <wrbtrader> Long Emini ES @ 2977.75 -> small size
[12:00:56] <wrbtrader> 3 contracts
[12:04:14] <wrbtrader> Emini NQ futures has those rising contracting volatility intervals
[12:04:38] <wrbtrader> It has helped so far on a difficult trading day
[12:06:30] <wrbtrader> ES now nearing the most recent reaction high
[12:06:46] <wrbtrader> Emini NQ now above its own most recent reaction high
[12:06:57] <wrbtrader> Exited all Emini ES Long @ 2978.50 --> + 0.75
[12:07:11] <wrbtrader> trail stop pick pocketed :(
[12:11:33] <wrbtrader> weakness showed up but it then quickly stalled
[12:17:06] <wrbtrader> Long Emini ES @ 2978.25 -> small size
[12:17:19] <wrbtrader> 3 contracts re-entry
[12:19:27] <wrbtrader> I gotta stop here soon...I'm past my assigned trading time for today
[12:22:42] <wrbtrader> Exited all Emini ES Long @ 2978.50 --> + 0.25
[12:23:07] <wrbtrader> had to dump it because of what YM and RTY were doing...
[12:23:20] <wrbtrader> They were trying to retrace on increasing volatility
[12:24:13] <wrbtrader> small profits today but I survived
[12:24:36] <wrbtrader> I'm calling it quits here...wanted to be done by 12noon today
[12:24:42] <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.

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 Micro E-mini Futures MES, MNQ, MYM and M2K

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 BZ/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 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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