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 Post subject: July 17th Weds - Futures, Forex, Stocks and ETF
 Post Posted: Wed Jul 17, 2019 3:12 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
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 analysis involving WRB Analysis merged with your own trade methods, post real-time trades via WRB Analysis or talk about general market issues impacting today's price action involving stocks, futures, exchange traded funds or forex currencies as part of your trade journal. 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 signal calling 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

Attachment:
071719-TheStrategyLab-Chat-Room-Key-Markets.png
071719-TheStrategyLab-Chat-Room-Key-Markets.png [ 3.11 MiB | Viewed 207 times ]

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

[09:29:21] * Now talking in ##TheStrategyLab
[09:29:22] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:21] <wrbtrader> Good morning all
[09:31:23] <wrbtrader> Donnin...you had a Short position in a great area yesterday...did you hold it for a +20 point gain because the market was in a steady decline after that for much more than 20 points in NQ
[09:33:48] <Donnin________> i had target at 71 but i jumped out
[09:34:10] <wrbtrader> Jumped out for what +gain ???
[09:34:38] <Donnin________> i jumped out before it moved for like few ticks gain
[09:35:00] <wrbtrader> Wow...why did you dump the Short position ?
[09:35:20] <Donnin________> i realised my backtesting does not involve anything other than a signal
[09:36:03] <wrbtrader> What else is backtesting suppose to involve beyond the trade signal ?
[09:36:32] <Donnin________> well i was here reading the chat and went into doubt
[09:36:34] <wrbtrader> Shorts Emini ES @ 3006.25 -> small size
[09:36:37] <wrbtrader> 3 contracts
[09:37:28] <Donnin________> imagine one of the best traders on earth going against your position
[09:38:20] <wrbtrader> Comments about the contradiction in the markets or the Short positions that was posted ?
[09:38:39] <Donnin________> yeah contradictions
[09:39:26] <wrbtrader> There's contradictions and correlation problems almost EVERY day...some bad and some just a small problem
[09:39:43] <wrbtrader> Covered all Emini ES Short @ 3007.50 --> - 1.25
[09:39:57] <Donnin________> yeah from now on its just signal or signal
[09:40:05] <Donnin________> for*
[09:40:23] <wrbtrader> Long Emini ES @ 3008.00 -> small size
[09:40:31] <wrbtrader> 3 contracts
[09:40:51] <wrbtrader> What the heck is wrong with YM...its stuck or I'm having data problems
[09:41:08] <wrbtrader> same with RTY
[09:41:59] <Donnin________> looks sideways to me
[09:42:05] <wrbtrader> long upper shadow intervals showing up :(
[09:42:10] <wrbtrader> Exited Emini ES Long @ 3007.50 --> - 0.5
[09:42:10] <wrbtrader> Reverse and Enter Short Emini ES @ 3007.50
[09:42:42] <wrbtrader> 3 contracts
[09:44:07] <Donnin________> in backtesting i never go ok this trade i will randomly exit so was ridiculous
[09:45:52] <wrbtrader> KMEs today @ 0830am, 1030am and 2pm est
[09:46:04] <wrbtrader> 0830am was a big one...housing starts
[09:46:12] <wrbtrader> Beige Book @ 2pm est
[09:47:48] <wrbtrader> WRB pt1 reached
[09:48:26] <wrbtrader> Covered all Emini ES Short @ 2004.25 --> + 1003.25
[09:48:39] <wrbtrader> correction...
[09:48:55] <wrbtrader> Covered all Emini ES Short @ 3004.25 --> + 3.25
[09:50:45] <wrbtrader> Those Long Upper Shadow intervals in Emini ES seemed to act like a warning and was trying to tell me that YM and RTY are not stuck...they were just weak and not able to keep the same pace as ES and NQ
[09:50:55] <wrbtrader> now its out of their system...
[09:51:12] <wrbtrader> Lets see if YM and RTY will try to catch up to ES and NQ
[09:51:53] <wrbtrader> Long Emini ES @ 3006.00 -> small size
[09:51:58] <wrbtrader> 3 contracts
[09:52:22] <wrbtrader> NQ obviously leading the pact today so far
[09:54:37] <wrbtrader> Exited all Emini ES Long @ 3006.25 --> + 0.25
[09:55:01] <wrbtrader> bailed on that Long...volatility started drying up
[09:56:59] <wrbtrader> Long Emini ES @ 3006.50 -> small size
[09:57:07] <wrbtrader> 3 contracts re-entry
[09:57:34] <wrbtrader> YM moving back upwards...its trying to catch up in the volatility movement
[09:57:56] <wrbtrader> RTY still a little sluggish but NQ getting weak :(
[09:58:18] <wrbtrader> correlation problems again :(
[09:58:47] <wrbtrader> Exited all Emini ES Long @ 3005.75 --> - 0.75
[09:59:18] <wrbtrader> Shorts Emini ES @ 3005.75 -> small size
[09:59:24] <wrbtrader> 3 contracts
[09:59:49] <wrbtrader> starting to look like Longs are having problems today
[10:00:14] <wrbtrader> problems with keeping its volatility
[10:00:58] <wrbtrader> YM still trying to inch its way higher
[10:03:08] <wrbtrader> Covered all Emini ES Short @ 3005.75 --> 0
[10:04:05] <wrbtrader> now way too much contraction
[10:05:52] <wrbtrader> Long Emini ES @ 3006.00 -> small size
[10:05:59] <wrbtrader> 3 contracts
[10:06:56] <wrbtrader> Hopefully the 1030am KME will shake things up a little because this price action is starting to show that contraction that's typically associated in the morning of a FED Beige Book day
[10:08:38] <wrbtrader> Exited all Emini ES Long @ 3004.75 --> - 1.25
[10:09:13] <wrbtrader> support collapese
[10:09:31] <wrbtrader> Shorts Emini ES @ 3004.50 -> small size
[10:09:39] <wrbtrader> 3 contracts
[10:09:52] <wrbtrader> volatility increasing fast
[10:11:12] <wrbtrader> Covered all Emini ES Short @ 3003.75 --> + 0.75
[10:11:20] <wrbtrader> trail stop hit
[10:11:37] <wrbtrader> Didn't think that trail would get picked off on that increasing volatility
[10:12:06] <wrbtrader> still a WRB pt1 on the trail pick pocketed
[10:12:27] <wrbtrader> Shorts Emini ES @ 3003.50 -> small size
[10:12:36] <wrbtrader> 3 contracts re-entry
[10:16:01] <wrbtrader> Covered all Emini ES Short @ 3001.00 --> + 2.5
[10:18:06] <wrbtrader> Weird...YM and RTY back to that price area (their support) when they then started to push back higher but ES and NQ got the worst of the decline while YM and RTY returned back to their support area when they were weak
[10:19:52] <wrbtrader> will just watch and document this
[10:57:25] <wrbtrader> After those Long Upper Shadow intervals was mentioned earlier...Emini ES only had one Down WRB Hidden GAP interval retraced (filled)...all others after that have not been filled due to a lot of help for Light Crude Oil CL futures steady price decline
[10:58:24] <wrbtrader> In fact, the downtrend in the Emini futures and Micro E-mini futures re-establish itself due to the price actions of Oil CL / BZ futures
[10:59:04] <wrbtrader> Market Breadth has been negative since the early minutes after the opening bell
[12:23:21] <wrbtrader> Shorts Emini ES @ 2998.00 -> small size
[12:23:27] <wrbtrader> 1 contract
[12:37:08] <wrbtrader> Covered Emini ES Short @ 2999.00 --> - 1
[12:49:14] <wrbtrader> Shorts Emini ES @ 2998.75 -> small size
[12:49:17] <wrbtrader> 1 contract re-entry
[12:50:51] <wrbtrader> Covered Emini ES Short @ 2998.75 --> 0
[13:03:09] <wrbtrader> Shorts Emini ES @ 2999.00 -> small size
[13:03:20] <wrbtrader> 1 contract re-entry
[13:05:50] <wrbtrader> Crude Oil CL and BZ lost their support that they had since 1110pm est
[13:06:04] <wrbtrader> I think the Eminis are reacting a little to that
[13:06:33] <wrbtrader> small WRB pt1 reached
[13:07:16] <wrbtrader> Covered Emini ES Short @ 2998.50 --> + 0.5
[13:13:14] <wrbtrader> Shorts Emini ES @ 2996.25 -> small size
[13:13:25] <wrbtrader> 1 contract re-entry
[13:13:32] <wrbtrader> correction...
[13:13:47] <wrbtrader> Shorts Emini ES @ 2998.25 -> small size
[13:18:22] <wrbtrader> I could not ignore what Oil has been doing for the past 15 minutes (declining below its key support area)...its part of the current market context...4 consecutive Shorts in Emini ES since that context showed up.
[13:18:31] <wrbtrader> WRB pt1 reached
[13:21:05] <wrbtrader> Covered Emini ES Short @ 2998.00 --> + 0.25
[13:23:11] <wrbtrader> Shorts Emini ES @ 2997.75 -> small size
[13:23:14] <wrbtrader> 1 contract re-entry
[13:27:22] <wrbtrader> Emini NQ develop a few long upper shadow intervals but is trying hard to climb their range
[13:27:27] <wrbtrader> :(
[13:28:42] <wrbtrader> Covered Emini ES Short @ 2998.25 --> - 0.5
[13:30:25] <wrbtrader> Interested to see if the 2pm est KME (FED Beige Book) will change the current market contest that's being controlled by Oil futures
[13:30:41] <wrbtrader> or if it will just steam roll the Eminis lower
[14:00:46] <wrbtrader> Shorts Emini ES @ 2999.00 -> small size
[14:00:55] <wrbtrader> 3 contracts
[14:03:13] <wrbtrader> WRB pt1 reached on the price action reaction to the FED Beige Book
[14:06:04] <wrbtrader> Emini ES and Micro E-mini MES below their most recent reaction low
[14:08:13] <wrbtrader> trailing @ WRB pt1
[14:09:39] <wrbtrader> Covered all Emini ES Short @ 2996.50 --> + 2.5
[14:13:22] <wrbtrader> Had Oil picked up volatility or broke its support...I would have held on to that Short position until now for another +1.25 gain
-
[14:44:47] * Now talking in ##TheStrategyLab
[14:44:48] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[15:30:37] <wrbtrader> Emini ES futures and Micro MES retesting the most recent reaction low
[15:34:27] <wrbtrader> Long Emini ES @ 2993.50 -> small size
[15:34:31] <wrbtrader> 3 contracts
[15:35:30] <wrbtrader> I'm a little too high above that most recent reaction low @ 2991.75
[15:36:04] <wrbtrader> I don't have any wiggle room to reverse into a Short if this Long position is wrong
[15:37:06] <wrbtrader> Exited Emini ES Long @ 2993.00 --> - 0.5
[15:37:06] <wrbtrader> Reverse and Enter Short Emini ES @ 2993.00
[15:37:21] <wrbtrader> will be a tough trade
[15:37:48] <wrbtrader> I need a little help with some increasing volatility
[15:41:49] <wrbtrader> volatility slowly increasing
[15:42:15] <wrbtrader> Covered all Emini ES Short @ 2993.00 --> 0
[15:42:48] <wrbtrader> Shorts Emini ES @ 2993.00 -> small size
[15:43:13] <wrbtrader> 3 contracts re-entry after the trail pick in the prior Short
[15:43:34] <wrbtrader> Emini NQ dropped below its most recent reaction low
[15:43:46] <wrbtrader> reason why I re-enter my Short position
[15:48:32] <wrbtrader> Covered all Emini ES Short @ 2991.50 --> + 1.5
[15:48:36] <wrbtrader> WRB pt1 reached
[15:49:10] <wrbtrader> I'm calling it quits here...take care all and see all tomorrow
Session Close

Bloomberg Markets: The Close Full Show (7/17/2019) @ https://www.bloomberg.com/news/videos/2019-07-18/-bloomberg-markets-the-close-full-show-7-17-2019-video

@ 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.

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 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 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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