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 Post subject: November 2nd Friday - Futures, Forex, Stocks and ETF
 Post Posted: Fri Nov 02, 2018 4:28 pm 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 3049
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
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.

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 Zone, WRB/WRB Hidden GAP profit targets, Key Market Events, Reaction Highs/Lows, Expanding Volatility, WRB Zone, R area of WRB Zone, S area of WRB Zone) 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 room and we ban traders for attempting to use our chat room as a trade alerts room for the purpose to mimick/copy 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 logs 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

110218-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.33 MiB | Viewed 114 times ]

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

[09:31:17] * Now talking in ##TheStrategyLab
[09:31:17] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:33:46] <Tigerman______> gm all
[09:33:53] <Tigerman______> another unsync open
[09:36:50] <wrbtrader> Yes...exactly...its becoming more common now
[09:37:14] <Tigerman______> hi wrbtrader
[09:37:26] <Tigerman______> I have to write down
[09:37:45] <Tigerman______> and avoid this messy areas
[09:37:54] <wrbtrader> Also, more common...the long upper / long lower shadow intervals on the same interval or within two intervals
[09:38:18] <wrbtrader> A ton of price noise
[09:38:41] <wrbtrader> Tigerman...you trading Emini NQ futures ???
[09:38:51] <Tigerman______> in contrast US data are good economy
[09:39:13] <Tigerman______> NQ sometimes
[09:39:24] <Tigerman______> I no like low liquidity
[09:42:44] <Tigerman______> wow NQ filled is down gap
[09:50:37] <Tigerman______> sh ES 2754
[09:52:29] <Tigerman______> cover 2/3l @ 2752
[09:56:05] <Donnin________> short cl
[09:56:16] <Donnin________> 48
[09:56:23] <Tigerman______> cover 1/3 @ 2749 +5pt
[09:56:51] <Tigerman______> wrb pt1 in 5min
[09:59:57] <wrbtrader> Odd question...the markets are heavily impacted by Algos that make trades in milliseconds...why is Times & Sales or DOM only in seconds ???
[10:00:38] <wrbtrader> Example format in Times & Sales is 10:00:45
[10:00:53] <wrbtrader> Why not 10:00:45:05
[10:01:24] <Tigerman______> wrbtrader.... already years ago I used a proprietary software ...it was able to show milliseconds and microseconds !!!
[10:01:52] <Tigerman______> just my feed qw not good
[10:01:57] <wrbtrader> Ok
[10:02:30] <Tigerman______> regardless you right most plaftforms show just seconds
[10:03:02] <Tigerman______> sh ES 2746
[10:03:14] <Donnin________> how would knowing that micro stuff help tho
[10:04:07] <Donnin________> unless i was plotting it on a chart
[10:04:29] <Tigerman______> exit 2/3 @ 2744.50
[10:04:29] <wrbtrader> It may help Algo Retail traders or Automated retail traders or DOM traders
[10:05:16] <wrbtrader> I'm not sure...but curious even though I don't use DOM, I'm not using an automated trading system and I don't use Algos
[10:06:03] <wrbtrader> Yet, if I was using any of those...I would want my system to see numbers in milliseconds or microseconds
[10:06:17] <wrbtrader> Not seconds
[10:07:09] <Donnin________> i heard from the creator of jigsaw that he has never know one successful orderflow trader
[10:07:45] <wrbtrader> Isn't Jigsaw a platform for Orderflow traders ?
[10:07:49] <Donnin________> to use his system
[10:08:25] <Tigerman______> exit all 1/3 @ 2742 +4pt
[10:08:25] <Donnin________> yes
[10:09:09] <Donnin________> and he had never met one successful person to use his platform
[10:09:24] <wrbtrader> Wow...that's like hearing him say there's no Orderflow traders succeeding in the markets while using his platform unless other types of traders are using Jigsaw
[10:10:25] <Donnin________> i think he was referring to order flow as a standalone with a chart i left that part out
[10:10:35] <Donnin________> without*
[10:10:50] <wrbtrader> Ahhh...ok
[10:11:30] <wrbtrader> I've met a few successful traders using DOM or orderflow but they were "automated traders"
[10:11:41] <Tigerman______> yeah the point is always the same ...it is the trader not the system :)
[10:11:56] <wrbtrader> True
[10:12:24] <Donnin________> automated order-flow traders sounds intresting
[10:12:32] <Tigerman______> the Only edge without be skilled is cheating
[10:13:25] <wrbtrader> In college...I had a few roommates that were brilliant in math, engineering, physics and such...
[10:14:04] <wrbtrader> They could just look at data (numbers) and see a visual picture of what's really going on
[10:14:31] <wrbtrader> At that time, I just thought they were "different" or "strange"
[10:14:55] <wrbtrader> Yet, as I learned more about the markets and the rise of Algos...I get it now :)
[10:15:07] <Tigerman______> math it is ok for pure science
[10:16:03] <wrbtrader> To be able to "visualize" that info...you need the logic
[10:16:47] <Tigerman______> science like micro-proc physics and so on
[10:16:50] <wrbtrader> A few seconds of such...mind draining...stressful
[10:17:19] <Tigerman______> market are more about greed fear and company surprise
[10:20:14] <wrbtrader> The one thing I remember about Jigsaw was that a lot of their profitable trade leaders were between the 40% - 60% win rate...while making thousands
[10:20:45] <wrbtrader> Cementing the belief you do NOT need a high win rate to be profitable
[10:21:52] <wrbtrader> I think too many traders get stuck or fixated on trying to be "perfect" in their traders in an effort to achieve a high win rate...
[10:22:17] <wrbtrader> Yet rarely able to do it...setting themself up for a psychological failure
[10:22:49] <Donnin________> that true
[10:23:12] <Donnin________> my problem is risk reward
[10:23:52] <Donnin________> i can't trade nq under anything less than a 10pt stop
[10:23:57] <Tigerman______> sh 2741.50
[10:24:28] <Donnin________> not sure what trade location can hold nq that tight
[10:25:16] <Donnin________> 5pt stop is tiny
[10:25:57] <Tigerman______> exit 2/3 @ 40.50 +1 pt
[10:26:54] <Donnin________> then again i have not done any analysis as i backtest manually
[10:27:39] <Tigerman______> exit 1/3 @ 41.25 + 0.25 trail hit
[10:28:04] <Donnin________> i would have to mark the dd for every trade an so on
[10:29:27] <Tigerman______> sh ES 2739
[10:32:19] <wrbtrader> The one thing I like about this type of unusual volatility we saw in October...it makes us rethink our stop/loss management and how it impacts our overall trade results
[10:33:10] <wrbtrader> Its as if we need "different" types of stop/loss management for specific types of market conditions instead of trying to use one that fits ALL types of market conditions
[10:34:09] <Donnin________> ur stop management is great
[10:34:27] <Donnin________> i think thats how every new trader
[10:34:30] <wrbtrader> That's my next development & research area...different types of stop/loss management for specific types of market conditions after the head spinning month of October
[10:34:35] <Tigerman______> exit all rem 1/3 @ 2733 +6pt
[10:34:37] <Donnin________> wants to trade
[10:35:44] <wrbtrader> Donnin...you were gone a few weeks...were you trading, vacation...everything ok ???
[10:37:42] <Donnin________> i was doing manual back-testing during market hours last few weeks
[10:38:01] <wrbtrader> Sounds boring :)
[10:38:18] <Donnin________> hah i was pumped lol
[10:39:50] <Donnin________> the horrible part is if after all that you realize you don’t even have an edge
[10:41:06] <wrbtrader> How far back in history data did you backtest ?
[10:41:57] <Donnin________> 2010
[10:42:18] <Donnin________> to present
[10:43:03] <Donnin________> that as far as tos goes actually
[10:47:16] <wrbtrader> I believe in different types of "edges" besides just the trade signal numbers
[10:47:45] <wrbtrader> Psychological edges, routine edges, home trading environment edges and so on
[10:48:18] <wrbtrader> On any given trading day...those other variables can easily outweight the trade strategy
[10:49:21] <wrbtrader> For example, I'm not trading today because statistically I don't perform well when I didn't get a good night of sleep
[10:49:38] <wrbtrader> Last night I couldn't sleep...slept about 2 hours
[10:49:59] <wrbtrader> Thus, I'm not going to trade today...high risk of not just a loss...big loss
[10:50:57] <wrbtrader> I'm also more intuned with my body & mind readiness since my near death experience the fall of 2016
[10:51:39] <wrbtrader> If I feel out of balance...I just pull up charts on my monitors and do NOT even open my broker trade execution platform
[10:52:34] <Donnin________> that’s a interesting insight
[10:53:25] <wrbtrader> Family calls me superstitous, freinds calls me paranoid and I call myself fearful of a losing trading day
[10:54:01] <Donnin________> how cna you fear what u have overcome
[10:56:00] <wrbtrader> I don't know...its a mystery to me
[10:56:18] <Donnin________> i guess that a good fear
[10:57:38] <Donnin________> a healthy fear that keeps everything in check
[11:40:22] <Tigerman______> thanks all x chatting
[11:40:41] <Tigerman______> I finish here after some PC works and documents
[11:40:55] <Tigerman______> take care all and have a safe weekend see all next week
[11:41:56] <wrbtrader> Bye Tigerman
[11:43:45] <Tigerman______> bye
[12:37:53] <Trendtrader> short nq 6949.50 sim
[12:41:38] <Trendtrader> exit short nq 6949.50 +0 sim
[14:33:37] * Disconnected
[14:33:50] * Attempting to rejoin channel ##TheStrategyLab
[14:33:57] * Rejoined channel ##TheStrategyLab
[14:33:57] -ChanServ- [##TheStrategyLab] Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[14:33:57] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[16:09:13] * Now talking in ##TheStrategyLab
[16:09:13] -ChanServ- [##TheStrategyLab] Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[16:37:35] <wrbtrader> Take care all and have a nice weekend
Session Close


##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 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 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

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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