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 Post subject: September 26th Thurs - #futures #forex #stocks #trading #new
 Post Posted: Thu Sep 26, 2019 2:43 pm 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 3129
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
Skype: kebec2002
Business Hours: 8am - 5pm est (Mon - Fri)
wrbanalysis@gmail.com (24/7)
Twitter @ http://twitter.com/wrbtrader (24/7)
Twitter Search Hashtags: #wrbtrader, #thestrategylab, #PriceAction, #ES_F, #YM_F, #NQ_F, #volatility, #emini, #futures, #fomc, #VIX, #wrbanalysis, #wrbzone, #wrbhiddengap, #SPY, #SP500, #MicroEmini, #trading, #markets, #daytrading, #swingtrading, #twitch #news
Stocktwits @ http://stocktwits.com/wrbtrader (24/7)
TradingView @ https://www.tradingview.com/u/wrbtrader (24/7)
Twitch @ http://thestrategylab.com/images/twitch-wrbtrader-price-action-trader.png

##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).

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

092619-TheStrategyLab-Chat-Room-Key-Markets.png [ 4.61 MiB | Viewed 97 times ]

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

Bloomberg Markets: The Open Full Show (9/26/2019) @ https://www.bloomberg.com/news/videos/2019-09-26/-bloomberg-the-open-full-show-09-26-2019-video

[09:16:21] * Now talking in ##TheStrategyLab
[11:22:19] <wrbtrader> Good morning
[11:23:29] <wrbtrader> Shorts Emini ES @ 2966.00 -> large size
[11:23:32] <wrbtrader> Emini futures trying to move down the range of their most recent Long Lower Shadow interval
[11:23:52] <wrbtrader> with a weak / declining Market Breadth
[11:24:01] <wrbtrader> 10 contracts
[11:24:52] <wrbtrader> contracting volatility now :(
[11:25:04] <wrbtrader> trail stop tighten
[11:25:34] <wrbtrader> small WRB pt1 reached
[11:26:09] <wrbtrader> Covered all Emini ES Short @ 2964.50 --> + 1.5
[11:36:32] <wrbtrader> Had a short signal a few minutes ago...didn't take it because market breadth started pushing back upwards
[11:36:51] <wrbtrader> Simply, had I taken that Short...it would have resulted as a loss
[11:37:25] <wrbtrader> always a little luck :)
[11:41:17] <wrbtrader> Emini YM futures having difficulty in its WRB Zone
[11:41:23] <wrbtrader> Shorts Emini ES @ 2970.50 -> large size
[11:41:29] <wrbtrader> 10 contracts
[11:43:23] <wrbtrader> contraction in the volatility for Market Breadth just show up :(
[11:46:57] <wrbtrader> small WRB pt1 reached
[11:47:05] <wrbtrader> Covered all Emini ES Short @ 2968.00 --> + 2.5
[11:48:56] <wrbtrader> Whenever I say "small WRB pt1"...the small implies my profit target was bigger but the WRB pt1 has priority and I document when the WRB pt1 is reached.
[11:49:22] <wrbtrader> Less typos if I posted numbers instead of the words "small WRB pt1"
[11:50:23] <wrbtrader> Thus, when I review the chat logs at a later day...the logs are timestamp and I can get my the actual price via the comparison in the quotes that I do recordings
[12:39:47] <wrbtrader> Long Emini ES @ 2976.75 -> small size
[12:39:56] <wrbtrader> 2 contracts
[12:40:39] <wrbtrader> out of the pullback that stabilized near the midpoint of the most recent Up WRB Hidden GAP interval
[12:41:46] <wrbtrader> Exited all Emini ES Long @ 2977.25 --> + 0.5
[12:41:50] <wrbtrader> trail stop picked pocketed
[12:47:56] <wrbtrader> Reason for the drop back down in position size because the correlations suddenly started dropping fast
[12:48:59] <wrbtrader> low correlations = increasing risk of failure when trade signals appear
[12:50:38] <wrbtrader> Shorts Emini ES @ 2975.50 -> small size
[12:50:43] <wrbtrader> 2 contracts
[12:51:03] <wrbtrader> contracting volatility prior to entry...
[12:52:17] <wrbtrader> will produce a small WRB pt1 in comparison to my profit target via the S area of the most recent Up WRB Hidden GAP interval @ 2972.50
[12:53:21] <wrbtrader> small WRB pt1 reached
[12:56:52] <wrbtrader> :(
[12:57:26] <wrbtrader> Other Eminis reached their Support area but not Emini ES futures :(
[12:59:12] <wrbtrader> Covered all Emini ES Short @ 2975.00 --> + 0.5
[12:59:21] <wrbtrader> trail stop picked pocketed
[13:00:27] <wrbtrader> Ok...I'm calling it quits here for the day but didn't have the headaces today that has been shadowing me since May
[13:00:37] <wrbtrader> Thus, good trading day today
[13:01:10] <wrbtrader> Take care but I won't be trading tomorrow...another 3 day weekend
Session Close

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