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 Post subject: May 6th Weds - #futures #forex #stocks #trading
 Post Posted: Wed May 06, 2020 10:31 am 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2848
Location: Canada
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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: #PriceAction, #ES_F, #YM_F, #NQ_F, #volatility, #emini, #futures, #fomc, #VIX, #thestrategylab, #wrbanalysis, #SPY, #SP500, #MicroEmini, #trading, #markets, #daytrading, #swingtrading
Stocktwits @ http://stocktwits.com/wrbtrader (24/7)
TradingView @ https://www.tradingview.com/u/wrbtrader (24/7)

Today's TheStrategyLab chat room excerpt image to the left @ http://www.thestrategylab.com/images/050120-thestrategylab-wrbtrader-chat-room-review.png

Complete text chat logs below

##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).

TheStrategyLab 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 TheStrategyLab 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 room 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.

Yet, be aware that many traders (including myself) are posting redacted screenshots of timestamp trade fills in broker trade execution platform and quantitative statistical analysis of the trade performance via WRB Analysis in private thread at the forum. I use the timestamp redacted screenshots to verify if a trader is correctly using WRB Analysis...info I can not get from their broker statements alone.

Remember this too...most users of WRB Analysis do not use the free chat room but they still are posting their DOKs to verify their understanding of WRB Analysis and posting timestamp trade fills (simulator or real money) in broker trade execution platform to verify trade performance in their private thread.

To qualify for access to ##TheStrategyLab free 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:
050620-TheStrategyLab-Chat-Room-Key-Markets.png
050620-TheStrategyLab-Chat-Room-Key-Markets.png [ 4.95 MiB | Viewed 4 times ]

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

Bloomberg Markets: The Open Full Show (05/06/2020) @ https://www.bloomberg.com/news/videos/2020-05-06/-bloomberg-the-open-full-show-5-6-2020-video

[09:38:15] * Now talking in ##TheStrategyLab
[09:38:16] <Tigerman______> interesting action on Oil today
[09:40:53] <Tigerman______> Cl moving lower now testinga previous zone
[09:41:04] <Tigerman______> 10:30 Kme in oil
[09:41:56] <werner1> Long Emini NQ @ 9017.50
[09:42:22] <werner1> Exited all Emini NQ Long @ 9024.00 --> + 6.5
[09:47:15] <Tigerman______> today fast messy open ... then a better small downtrend
[09:47:40] <Tigerman______> infact I loss on my Cfd in open trades low size
[09:47:59] <Tigerman______> in contrast did better after the trend showed up
[09:48:42] <Tigerman______> simply I need always a clear pictures before enter ... I need remember that
[09:55:32] <wrbtrader> Shorts Emini ES @ 2861.50 -> large size
[09:55:34] <Tigerman______> wow I exited my last short @ 2866 @ spike in 1min chart
[09:55:40] <wrbtrader> 10 contracts
[09:55:58] <Tigerman______> price continue now under 2861 in mES
[09:56:30] <wrbtrader> missed 2865.00 breakdown signal
[09:57:27] <wrbtrader> Covered all Emini ES Short @ 2858.25 --> + 3.25
[10:01:22] <Tigerman______> noize and contraction now did too many short at bottom
[10:01:36] <Tigerman______> erasing most of my gains
[10:02:08] <wrbtrader> Long Emini ES @ 2862.00 -> small size
[10:02:11] <wrbtrader> 3 contracts
[10:02:11] <Tigerman______> now I need price strong under 2856 ES
[10:02:43] <wrbtrader> Exited all Emini ES Long @ 2861.50 --> - 0.5
[10:03:39] <wrbtrader> Shorts Emini ES @ 2858.00 -> small size
[10:03:46] <wrbtrader> 3 contracts
[10:03:58] <werner1> Shorts Emini NQ @ 8984.25
[10:04:12] <werner1> Covered all Emini NQ Short @ 8978.25 --> + 6
[10:04:13] <wrbtrader> I'm too slow this morning so far in reacting to the price action :(
[10:05:17] <wrbtrader> Covered all Emini ES Short @ 2852.75 --> + 5.25
[10:05:53] <Tigerman______> yeah it is very fast
[10:06:24] <Tigerman______> curiously seems many traders are not hit by this chop and speed
[10:06:46] <Tigerman______> they are very good with high win rate
[10:07:13] <Tigerman______> also they never had fill issue and broker problems :)
[10:08:27] <wrbtrader> Tigerman, I think they are via late trade entries because of the speed and such...they just don't talk about it to give the illusion everything is "normal"
[10:08:43] <werner1> Shorts Emini NQ @ 8962.00
[10:09:03] <werner1> Covered all Emini NQ Short @ 8952.00 --> + 10
[10:09:50] <wrbtrader> Last few trading days...price action seemed a little normal but today...its fast to the downside soon after the Open
[10:12:02] <werner1> again 8940 here...
[10:12:16] <werner1> nq
[10:16:42] <werner1> Long Emini NQ @ 8957.75
[10:16:52] <werner1> Exited all Emini NQ Long @ 8960.00 --> + 2.25
[10:18:12] <Tigerman______> Es try rebound up from bottom
[10:18:36] <Tigerman______> today I was enought agressive in mES
[10:19:01] <Tigerman______> just testing different way of entry and exit
[10:32:06] <wrbtrader> Emini futures back inside the range of a prior WRB Zone that's still unfilled
[10:34:55] <wrbtrader> Long Emini ES @ 2864.50 -> small size
[10:34:58] <wrbtrader> 3 contracts
[10:36:04] <wrbtrader> Exited all Emini ES Long @ 2864.50 --> 0
[10:36:26] <wrbtrader> lost in the price action :(
[10:36:49] <wrbtrader> Shorts Emini ES @ 2864.00 -> small size
[10:36:54] <wrbtrader> 3 contracts
[10:37:12] <wrbtrader> should have just done a position reversal
[10:38:13] <wrbtrader> Covered all Emini ES Short @ 2863.50 --> + 0.5
[10:38:13] <Tigerman______> not so easy do that
[10:38:27] <Tigerman______> price is tricky these days
[10:38:46] <wrbtrader> Yeah, I've been doing more of them lately in comparison to prior years
[10:38:49] <Tigerman______> jump back and forth
[10:39:06] <wrbtrader> Shorts Emini ES @ 2861.75 -> small size
[10:39:16] <wrbtrader> 3 contracts re-entry
[10:41:17] <wrbtrader> Covered all Emini ES Short @ 2861.50 --> + 0.25
[10:41:28] <wrbtrader> trail stop picked pocketed :(
[10:41:36] <wrbtrader> thought it was a good trail placement
[10:42:03] <Tigerman______> wrbtrader at the end I think it was
[10:42:20] <wrbtrader> Emini ES found support at the S area of the WRB Zone
[10:42:43] <Tigerman______> because if we let price retrace a lot we accumulate too many loss
[10:42:46] <wrbtrader> If it can retrace back towards it again...I'll re-entry the Short again
[10:43:31] <wrbtrader> Tigerman...that's the thing...I didn't think it would retrace but to protect my bias...I trailed it quickly
[10:44:18] <Tigerman______> yeah thats the trick
[10:44:24] <wrbtrader> Emini ES futures now retesting the R area of the WRB Zone
[10:44:49] <Tigerman______> many wannabe traders do not use stops and no trail
[10:45:24] <Tigerman______> let price will reach their target in fantasy
[10:46:56] <Tigerman______> ES breaks clear the Res of dark WRB HG around 9:55 am
[10:47:12] <wrbtrader> volatility spike Up and thru that R area
[10:47:28] <werner1> v shape 5min nq
[10:49:27] <Tigerman______> NQ very strong today can be related to earning in tech stocks
[10:49:51] <werner1> from that 8940 area...and i am not with it :((
[10:50:55] <wrbtrader> Shorts Emini ES @ 2872.75 -> large size
[10:50:57] <wrbtrader> 10 contracts early entry
[10:51:12] <wrbtrader> tricky price area
[10:51:25] <wrbtrader> Covered all Emini ES Short @ 2873.50 --> - 0.75
[10:51:56] <wrbtrader> Shorts Emini ES @ 2873.50 -> large size
[10:52:00] <wrbtrader> 10 contracts early entry
[10:52:17] <wrbtrader> may be watching Emini NQ a little too closely
[10:52:29] <wrbtrader> I'll find out soon
[10:52:50] <wrbtrader> small WRB pt1 reached
[10:53:53] <Tigerman______> sh mES @ 2870.50
[10:54:04] <Tigerman______> 2pz on 2nd platform
[10:55:30] <wrbtrader> Covered all Emini ES Short @ 2869.75 --> + 3.75
[10:55:46] <Tigerman______> exit all mES @ 2869.25 +1.25
[10:55:47] <wrbtrader> gotta take that WRB pt1...tricky price area
[10:55:59] <Tigerman______> yeah agreed
[10:56:10] <wrbtrader> That prior R area was starting to look like a support area
[10:58:16] <wrbtrader> back to that prior R area
[10:59:02] <wrbtrader> Shorts Emini ES @ 2869.00 -> small size
[10:59:04] <wrbtrader> 1 contract
[10:59:34] <wrbtrader> re-entry
[11:01:14] <wrbtrader> Covered Emini ES Short @ 2870.25 --> - 1.25
[11:05:24] <werner1> ok i go home ...take care all..cya
[11:06:28] <wrbtrader> Bye werner
[11:17:21] <Tigerman______> hi just back after a break in this stressfull session x me
[11:19:34] <wrbtrader> Shorts Emini ES @ 2862.75 -> large size
[11:19:36] <wrbtrader> 10 contracts
[11:19:47] <wrbtrader> early entry
[11:20:10] <wrbtrader> Eminis testing the S area
[11:22:26] <wrbtrader> WRB pt1 reached
[11:22:52] <wrbtrader> Covered all Emini ES Short @ 2857.50 --> + 5.25
[11:40:28] <Tigerman______> ok finsh session
[11:40:34] <Tigerman______> take care all see next time
[13:39:25] <wrbtrader> Long Emini ES @ 2866.50 -> small size
[13:39:29] <wrbtrader> 1 contract
[13:42:55] <wrbtrader> Exited Emini ES Long @ 2867.00 --> + 0.5
[13:42:55] <wrbtrader> Reverse and Enter Short Emini ES @ 2867.00
[13:43:00] <wrbtrader> 3 contracts on the position reversal
[13:45:32] <wrbtrader> Covered all Emini ES Short @ 2868.00 --> - 1
[13:48:21] <wrbtrader> Shorts Emini ES @ 2867.50 -> small size
[13:48:24] <wrbtrader> 3 contracts re-entry
[13:51:23] <wrbtrader> Covered all Emini ES Short @ 2868.25 --> - 0.75
[13:54:51] <wrbtrader> Shorts Emini ES @ 2868.50 -> small size
[13:54:58] <wrbtrader> 3 contracts re-entry
[13:56:18] <wrbtrader> geeesh
[13:56:34] <wrbtrader> tough price area
[13:59:47] <wrbtrader> small WRB pt1 reached
[14:00:31] <wrbtrader> Trails have been tight in this area of a R area and Contracting Volatility
[14:01:11] <wrbtrader> Covered all Emini ES Short @ 2863.75 --> + 4.75
[14:11:14] <wrbtrader> Shorts Emini ES @ 2860.25 -> small size
[14:11:17] <wrbtrader> 3 contracts
[14:11:36] <wrbtrader> chasing the breaddown thru the S area of the recent contracting volatility
[14:13:02] <wrbtrader> 2856.00 is the most recent reaction low
[14:14:14] <wrbtrader> Covered all Emini ES Short @ 2856.00 --> + 4.25
[14:14:25] <wrbtrader> WRB pt1 reached
[14:43:21] <wrbtrader> A lot of contraction in the volatility in this price area
[14:46:03] <wrbtrader> Long Emini ES @ 2862.00 -> small size
[14:46:08] <wrbtrader> 1 contract
[14:49:15] <wrbtrader> Exited Emini ES Long @ 2864.25 --> + 2.25
[14:57:17] <wrbtrader> Shorts Emini ES @ 2883.00 -> large size
[14:57:32] <wrbtrader> 10 contracts
[14:58:11] <wrbtrader> small WRB pt1 reached
[14:59:59] <wrbtrader> Covered all Emini ES Short @ 2858.50 --> + 24.5
[15:00:23] <wrbtrader> I'll repost that correction...
[15:00:42] <wrbtrader> Shorts Emini ES @ 2863.00 -> large size
[15:00:57] <wrbtrader> Covered all Emini ES Short @ 2858.50 --> + 4.5
[15:01:46] <wrbtrader> Didn't have the volatility to encourgage me to remain in the trade for a potential bigger WRB pt1
[15:02:52] <wrbtrader> Emini NQ nearing its most recent reaction low
[15:03:14] <wrbtrader> Shorts Emini ES @ 2857.25 -> small size
[15:03:24] <wrbtrader> 3 contracts
[15:03:43] <wrbtrader> Emini NQ futures now below its most recent reaction low
[15:04:14] <wrbtrader> Covered all Emini ES Short @ 2858.50 --> - 1.25
[15:08:16] <wrbtrader> Long Emini ES @ 2860.00 -> small size
[15:08:27] <wrbtrader> 3 contracts
[15:10:12] <wrbtrader> Exited all Emini ES Long @ 2861.00 --> + 1
[15:10:35] <wrbtrader> trail stop picked
[15:10:48] <wrbtrader> not happy with that on this particular trade
[15:11:14] <wrbtrader> It has a lot of potential for higher upside
[15:11:29] <wrbtrader> Yet, I'm a little mentally drained...won't do a re-entry
[15:11:46] <wrbtrader> On that note...I'm calling it quits here
[15:11:56] <wrbtrader> Take care all and see all tomorrow
Session Closed

Bloomberg Markets: The Close' Full Show (05/06/2020) @ https://www.bloomberg.com/news/videos/2020-05-06/-bloomberg-markets-the-close-full-show-5-6-2020-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 TheStrategyLab Review about Dr. Dean Handley @ http://www.thestrategylab.com/dr-dean-handley-review.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 Review of Emmett Moore Jr. Tradingschools @ http://www.thestrategylab.com/emmett-moore-jr-tradingschools-review.htm

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

Image Trolls Review @ http://www.thestrategylab.com/trolls-review.htm

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 Image@ http://stocktwits.com/wrbtrader
Image@ https://www.tradingview.com/u/wrbtrader

Phone: +1 224 307-4434
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
wrbanalysis@gmail.com (24/7)


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