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 Post subject: May 7th Thurs - #futures #forex #stocks #trading
 Post Posted: Thu May 07, 2020 10:13 am 
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Trader / Forum Admin

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:
050720-TheStrategyLab-Chat-Room-Key-Markets.png
050720-TheStrategyLab-Chat-Room-Key-Markets.png [ 4.99 MiB | Viewed 2 times ]

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

Bloomberg Markets: The Open Full Show (05/07/2020) @ https://www.bloomberg.com/news/videos/2020-05-07/-bloomberg-the-open-full-show-5-7-2020-video

[09:15:02] * Now talking in ##TheStrategyLab
[09:16:08] <werner1> ... gm all
[09:16:20] <asuni> ... gm
[09:16:35] <werner1> ... gm asuni
[09:32:07] * Now talking in ##TheStrategyLab
[09:32:12] <werner1> Shorts Emini NQ @ 9081.50
[09:32:24] <werner1> Covered all Emini NQ Short @ 9075.50 --> + 6
[09:33:24] <werner1> luky me..pff
[09:33:32] <werner1> lucky
[09:36:44] <wrbtrader> Shorts Emini ES @ 2880.00 -> large size
[09:36:47] <wrbtrader> 10 contracts
[09:36:53] <wrbtrader> sneaky price action
[09:38:09] <wrbtrader> Covered all Emini ES Short @ 2878.00 --> + 2
[09:38:35] <Tigerman______> gm all
[09:38:50] <Tigerman______> messy open as always
[09:39:06] <wrbtrader> Shorts Emini ES @ 2880.00 -> large size
[09:39:09] <wrbtrader> 10 contracts
[09:39:13] <Tigerman______> mixed signal a bit long and bit short
[09:39:18] <wrbtrader> re-entry
[09:41:13] <wrbtrader> Long Upper Shadow intervals showing up
[09:41:36] <wrbtrader> Covered all Emini ES Short @ 2879.25 --> + 0.75
[09:41:41] <wrbtrader> :(
[09:41:57] <wrbtrader> Long Emini ES @ 2881.00 -> large size
[09:42:01] <Tigerman______> tricy area NQ very strong plus not good sync
[09:42:04] <wrbtrader> 10 contracts
[09:44:46] <wrbtrader> Exited all Emini ES Long @ 2882.50 --> + 1.5
[09:44:55] <wrbtrader> pufff
[09:46:19] <wrbtrader> Shorts Emini ES @ 2880.50 -> large size
[09:46:22] <wrbtrader> 10 contracts
[09:47:08] <wrbtrader> I'm hitting this price action very aggressively because I'm expecting a big volatility spike
[09:47:26] <wrbtrader> So far...just crazy volatility chop
[09:47:53] <Tigerman______> wrbtrader I think big folks wait x EU Lme
[09:47:57] <Tigerman______> Kme
[09:48:22] <wrbtrader> Covered all Emini ES Short @ 2880.25 --> + 0.25
[09:49:07] <Tigerman______> ECB Speaks
[09:49:33] <Tigerman______> today I ll take it easy
[09:49:55] <Tigerman______> yesterday I did too many trades 3 pages of ills :)
[09:50:01] <Tigerman______> fills
[09:50:17] <wrbtrader> Shorts Emini ES @ 2880.50 -> large size
[09:50:22] <wrbtrader> 10 contracts re-entry
[09:50:23] <Tigerman______> simply not efficient way
[09:52:09] <wrbtrader> killer chop
[09:52:36] <wrbtrader> Covered all Emini ES Short @ 2881.00 --> - 0.5
[09:52:38] <Tigerman______> yep as you can see price action retraced fast last downspike
[09:53:05] <Tigerman______> it was a good wrb interval at start :(
[09:53:55] <Tigerman______> this is the Real action situation you cannot properly learn via simply printed charts
[09:54:48] <Tigerman______> also many do some sym trades and think they are able to enter or exit as they want
[09:54:58] <Tigerman______> just fantasy trades
[09:55:14] <Tigerman______> you never get a fill in real time
[09:56:21] <wrbtrader> Tigerman, I use to talk a lot about that under the title "Dangers of learning from Hindsight Charts"
[09:57:10] <wrbtrader> It was one of the reasons why I started the free chat room
[09:58:01] <wrbtrader> We gotta have a real-time log of the price movement form different perspectives of the members for the same hingsight chart
[09:58:15] <Tigerman______> yeah a good reason very good x people like learn x real
[09:59:01] <wrbtrader> Shorts Emini ES @ 2884.75 -> large size
[09:59:06] <wrbtrader> 10 contracts
[09:59:29] <wrbtrader> This will be my best chance on these Shorts
[10:00:02] <wrbtrader> The problem is the Market Depth info...extremely contracted :(
[10:00:21] <wrbtrader> like it is stuck in a straight horizontal line
[10:00:55] <Tigerman______> yeah also VIX is not so alive
[10:01:21] <wrbtrader> Sometimes when I see the VIX and Market Depth like this...
[10:01:32] <wrbtrader> I think the big boyz take advantage of it
[10:02:16] <wrbtrader> Move the price action around very quickly...Up and Down until they get what they want and then move it strongly in a particular direction
[10:02:22] <Tigerman______> one think I learned.... this is the action to avoid and do something else
[10:02:27] <wrbtrader> Reason why I'm expecting a big volatility spike
[10:03:05] <Tigerman______> yeah leave the others in this cat fight
[10:03:17] <Tigerman______> sleepy cat actually
[10:03:47] <werner1> Shorts Emini NQ @ 9095.00
[10:04:56] <werner1> Shorts Emini NQ @ 9075.00
[10:05:12] <werner1> Covered all Emini NQ Short @ 9072.00 --> + 3
[10:05:56] <wrbtrader> Not sure why the 2880.00 price line today was acting like some pivot point
[10:06:14] <wrbtrader> WRB pt1 reached
[10:07:03] <werner1> Shorts Emini NQ @ 9068.75
[10:07:14] <werner1> Covered all Emini NQ Short @ 9064.00 --> + 4.75
[10:07:22] <wrbtrader> Still no big volatility spike but it is now moving directional without the crazy chop (knock on wood)
[10:08:02] <wrbtrader> WRB pt2 reached
[10:08:18] <wrbtrader> Covered all Emini ES Short @ 2884.25 --> + 0.5
[10:08:31] <wrbtrader> correction...
[10:08:50] <wrbtrader> Covered all Emini ES Short @ 2874.25 --> + 10.5
[10:08:56] <werner1> vn
[10:09:36] <Tigerman______> I receive lot of mail from financial promoters these days tell me markets always recup from bottom
[10:10:00] <wrbtrader> I actually had that exit price on my first trade of the day (Short position)...
[10:10:20] <Tigerman______> if one is not educated easy fall in this garbage from promoters
[10:10:23] <wrbtrader> Got greedy...held it too long and it then snapback upwards to take me out for a small profit
[10:11:01] <Tigerman______> wrbtrader yeah this is a clear example how to hold a trade and be confident in our analysis
[10:11:46] <wrbtrader> That battle burnt me out :(
[10:12:04] <wrbtrader> Shorts Emini ES @ 2874.00 -> small size
[10:12:11] <wrbtrader> 3 contracts
[10:12:26] <wrbtrader> Emini NQ fell back below a reaction low
[10:16:12] <wrbtrader> Covered all Emini ES Short @ 2872.50 --> + 1.5
[10:16:31] <wrbtrader> trail stop picked
[10:17:21] <wrbtrader> Long Emini ES @ 2871.75 -> small size
[10:17:30] <wrbtrader> 1 contract
[10:21:19] <wrbtrader> Exited Emini ES Long @ 2876.00 --> + 4.25
[10:21:36] <wrbtrader> WRB pt1 reached
[10:28:04] <werner1> Long Emini NQ @ 9060.25
[10:28:21] <werner1> Exited all Emini NQ Long @ 9069.00 --> + 8.75
[10:30:26] <Tigerman______> confusing action now
[10:30:36] <Tigerman______> I ll call it quit in minutes
[10:30:55] <Tigerman______> fast trades in my 2nd latform no pay off
[10:31:14] <Tigerman______> in contrast ES trades went good so I prefer not risk more
[10:37:49] <werner1> Shorts Emini NQ @ 9064.25
[10:38:07] <werner1> Covered all Emini NQ Short @ 9059.25 --> + 5
[10:45:48] <werner1> Shorts Emini NQ @ 9066.00
[10:45:57] <werner1> Covered all Emini NQ Short @ 9057.00 --> + 9
[10:48:21] <werner1> Shorts Emini NQ @ 9054.75
[10:49:54] <werner1> Covered all Emini NQ Short @ 9038.00 --> + 16.75
[10:50:03] <werner1> wrb pt1
[10:50:06] <wrbtrader> nice
[10:51:37] <werner1> :)
[10:53:15] <werner1> ok done .. i take the money and run :)....cya ...take care
[11:02:47] <wrbtrader> Long Emini ES @ 2873.50 -> small size
[11:02:54] <wrbtrader> 1 contract
[11:03:00] <wrbtrader> Take care werner
[11:03:15] <wrbtrader> WRB pt1 reached
[11:04:37] <wrbtrader> Exited Emini ES Long @ 2876.00 --> + 2.5
[11:10:49] <Tigerman______> wrbtrader how about TSL forum people continue post stats and broker fills ?
[11:11:28] <Tigerman______> how general stats I mean average win/rate
[11:13:12] <wrbtrader> Only a few do in their private threads but I'm not sure what you mean by "stats on broker fills"
[11:14:55] <Tigerman______> sorry I meant based on their broker fill so real trades how is that percent in win/loss ratio
[11:15:56] <wrbtrader> Only a few do such in reference to their broker fills
[11:15:59] <Tigerman______> so you see over months if people improve or you can give some advice
[11:16:27] <wrbtrader> meant "trade fills" in comparison to what they put in for their trade orders
[11:16:50] <wrbtrader> I can't give advice about that stuff
[11:17:03] <wrbtrader> I don't use their broker or they don't use my broker
[11:17:24] <Tigerman______> I mean advice on improve their win/rate and stats
[11:17:30] <Tigerman______> not broker related
[11:17:59] <wrbtrader> Only advice is built in already...
[11:18:04] <Tigerman______> I say broker fill just to be sure is not backtesting
[11:18:31] <wrbtrader> Whatever is your trade signal...try not to chase (worst fill) and wait for a retracement to get a better fill price
[11:19:13] <wrbtrader> I myself like to Short on upticks and Long on downticks
[11:19:35] <wrbtrader> Psychological...its a weird way to enter a trade
[11:20:03] <Tigerman______> yeah just in fast market you miss lot of trades
[11:20:26] <Tigerman______> anyway I agreed on better fill price
[11:21:30] <Tigerman______> what I m asking is these traders post their win/rate? so based or real trade in their platfor how is their average win/rate ? and point x day?
[11:21:55] <Tigerman______> just out of curiousity
[11:21:55] <wrbtrader> Yes...they post their win/rate in their private threads
[11:22:32] <Tigerman______> ah ok good
[11:22:34] <wrbtrader> Some keep it simple...they just post a screenshot of whatever statistical data their broker gives them
[11:23:10] <wrbtrader> I've only seen a few keep their own personal stats that's different from the generic broker stats
[11:23:34] <Tigerman______> yeah thats odd
[11:24:20] <Tigerman______> without those important information one doesn t know how his trading is
[11:24:38] <wrbtrader> I myself keep a lot of WRB Analysis...something the broker obviously can not do for me
[11:24:55] <wrbtrader> meant a lot of WRB Anaylysis stats
[11:25:42] <wrbtrader> For example, percentage of my trades that reach a WRB pt1, WRB p2 and WRB pt3
[11:25:54] <Tigerman______> I ask win/rate also point in win trade vs losers are important
[11:26:26] <wrbtrader> I've seen a lot of strange stats being posted by other members
[11:26:48] <wrbtrader> Stuff obviously they're i"nterested in but to me personally seems "useless
[11:27:09] <Tigerman______> I can have a 55/45 win loss rate and be good via larger winners
[11:28:54] <Tigerman______> simply I ll do my stats manually
[11:29:19] <Tigerman______> no find a good 3rd part doing the way I like
[11:30:37] <Tigerman______> infact after finish my docs today I ll call it quit now
[11:30:47] <Tigerman______> take care wrbtrader and all see next time
[12:05:24] <wrbtrader> Shorts Emini ES @ 2890.00 -> small size
[12:05:33] <wrbtrader> 3 contracts
[12:11:30] <wrbtrader> Covered all Emini ES Short @ 2889.75 --> + 0.25
[12:11:47] <wrbtrader> That should have dropped like a rock but it didn't :(
[12:12:04] <wrbtrader> May be the time of the day...sticky contraction usually around this time period
[12:35:50] <wrbtrader> Shorts Emini ES @ 2890.25 -> small size
[12:35:53] <wrbtrader> 3 contracts re-entry
[12:36:13] <wrbtrader> asuni...I got your email and will reply later today
[12:40:23] <wrbtrader> poor correlation right now
[12:40:45] <wrbtrader> Emini ES trying to retrace lower while Emini NQ trying to push higher
[12:41:03] <wrbtrader> I'm now expecting a volatility spike when they try to correlate with each other
[12:41:17] <wrbtrader> trail stop tighten
[12:42:45] <wrbtrader> small WRB pt1 reached
[12:44:34] <wrbtrader> Covered all Emini ES Short @ 2887.00 --> + 3.25
[12:46:51] <wrbtrader> I'm calling it quits here...gotta do my bi-weekly grocery store shopping and then drive to a native place to drop off some supplies to some friends
[12:47:02] <wrbtrader> Take care and see all tomorrow
Session Closed

Bloomberg Markets: The Close' Full Show (05/07/2020) @ https://www.bloomberg.com/news/videos/2020-05-08/-bloomberg-markets-the-close-full-show-05-07-2020-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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