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 Post subject: February 13th Monday - Futures, Forex, Stocks and ETF
 Post Posted: Fri Feb 24, 2017 8:24 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
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##TheStrategyLab primary purpose is for you to post your WRB Analysis, post your price action analysis, ask real-time questions about WRB Analysis or post your real-time trades in a timestamp environment...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...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 your 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 your trade methods to improve the performance of their trade methods regardless if you're a position trader, swing trader or day 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.

##TheStrategyLab Chat Room Review - This is not a signal calling trading room. We have no interest in trading rooms where a head trader tells other traders when to buy and sell because the business model for such isn't suitable for helping traders to succeed as independent traders. This chat room is free and many years ago it was started by users of WRB Analysis. Our job is to moderate (keep the peace between members) the chat room and to answer any questions involving WRB Analysis. Once again, the purpose of the free chat room is for you to use as a trade journal of your WRB Analysis or real-time trades with time stamp archive....giving you a better understanding of your broker statements from one trade to the next trade when you review your thoughts and how you interacted with the markets on any given trading day in the past. Therefore, if you use the chat room...its highly recommended you post messages that reflect what you see in the price action on your monitors so that the chat room becomes your diary to correlate with your broker statements. Thus, the usefulness of ##TheStrategyLab chat room is determined via your participation in the chat room.

Yet, you're not require to use the free chat room as a trade journal to get help with your trading. Instead, as recommended by some users of WRB Analysis, you can use professional journal services such as tradervue, edgewonk, tradebench or tradingdiarypro for your statistical analysis in combo with our chat room or your private thread to discuss with us the statistical analysis of your trading so that we can help you to improve your use of WRB Analysis. You can then request a private thread for you to share the professional journal analysis of your trading with us for us to review. Therefore, you have many choices. You can use our chat room (you maintain your own statistics) as a trade journal or you can use professional trade journal services to do the work for you.

Also, do not attempt to use our chat room as a signal calling trade room via trying to mimic (copy) trades posted by members. If you do such, you will be KICKED from the chat room without warning. In fact, most of the negative commentary about TheStrategyLab website is by traders after we've removed them from the free chat room, removed them from the forum or removed them from the website for violating our terms of use policy.

Quote:
The chat room is only for traders learning or applying concepts of WRB Analysis. In addition, traders that use ##TheStrategyLab are required to post either one WRB Analysis price action commentary involving any key concept from the free study guide, one real-time trade or one general trading related commentary per day they log-in to the chat room. Yet, if the trader decides to post real-time trades (simulator or real-money)...the trades must be clear (not ambiguous) entry price/exit price and position size. Traders that consistently log-in and not post any price action commentary involving WRB Analysis or post ambiguous trades will be KICKED (removed) from the chat room.

With that said, thanks for reviewing (reading) the trades, price action analysis or market commentaries that's below 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

##TheStrategyLab Archive Chat Logs

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

Session Start: Mon Feb 13 09:30:15 2017
Session Ident: ##TheStrategyLab
[09:30:15] * Now talking in ##TheStrategyLab
[09:30:15] * Topic is 'Chat room for traders that are using concepts from WRB Analysis to help improve their entry signals, initial stop/loss management, profitable trail stops or profit targets. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... 119&t=718'
[09:30:15] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:30:15] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:46] <Tigerman_____> gm
[09:31:57] <Tigerman_____> Big open gap today in ES
[09:45:16] <Tigerman_____> lg spy 232.41
[09:45:25] <Tigerman_____> lg Qqq 127.87
[09:46:01] <Tigerman_____> exit 2/3 spy @ 232.43
[09:47:16] <Tigerman_____> exit 2/3 qq @ 127.88
[09:47:43] <Tigerman_____> exit all spy @ 88 +1t
[09:47:58] <Tigerman_____> corect..
[09:48:13] <Tigerman_____> exit all rem @ qqq 127.88
[09:48:28] <Tigerman_____> exit all rem spy @ 232.42 +1 tk
[09:48:39] <Tigerman_____> price stall now
[09:57:17] <Tigerman_____> lg qqq 127.86
[09:59:49] <Tigerman_____> action too slow :(
[10:00:23] <wrbtrader> agree
[10:04:01] <Tigerman_____> exit all qqq @ 127.92 +6 tk
[10:04:23] <Tigerman_____> 7 min wait ... it is a long time x me
[10:04:41] <Tigerman_____> Wrb pt1 reached
[10:05:06] <Tigerman_____> in reality it wan another samll one before I just try milk more
[10:26:44] <Tigerman_____> lg qqq 127.94
[10:26:51] <Tigerman_____> it should spike up
[10:27:12] <Tigerman_____> thats my will :)
[10:27:39] <Tigerman_____> we r in 30 min of contraction :(
[10:28:38] <Tigerman_____> exit 2/3 @ 96 qqq +2 tk
[10:30:17] <Tigerman_____> exit rem @ 99 qqq +5 tk
[10:30:25] <Tigerman_____> it spiked :)
[10:30:33] <Tigerman_____> just small move
[10:30:39] <Tigerman_____> simply vola id dead
[10:30:54] <Tigerman_____> I no expect nothing today
[10:31:00] <Tigerman_____> no kme on site
[10:44:00] <Tigerman_____> lg qqq 127.92
[10:45:33] <wrbtrader> Here's an odd thing I discovered this weekend...
[10:45:55] <wrbtrader> I look at the days like today and then I look at the "market breath" info...
[10:47:30] <Tigerman_____> exit all qqq @ 93 +1tk
[10:58:35] <Tigerman_____> hi wrbtrader I see what you mean
[10:58:59] <Tigerman_____> in relation to breath info
[10:59:20] <Tigerman_____> yeah problematic day
[10:59:49] <Tigerman_____> I spent year facing this days
[11:00:24] <Tigerman_____> now unless some small position trades I know is better stay sidelines
[11:00:49] <Tigerman_____> not easy due my fast trading acting
[11:01:06] <Tigerman_____> but these days is mandatary
[11:01:29] <Tigerman_____> too small market to milck something worth
[11:05:53] <wrbtrader> I just can't understand why the "market breadth" info is normal looking but the Eminis are not...no relationship between them
[11:06:21] <wrbtrader> Its as if the market breadth info are their own price action...a different market
[11:06:58] <wrbtrader> The Eminis and the market breadth info of the index use to have a high correlation...like 98
[11:07:04] <wrbtrader> 98 out of 100
[11:07:22] <wrbtrader> Someone told me its now down to 38%
[11:07:30] <wrbtrader> I just don't get it
[11:08:08] <wrbtrader> How can something like the market breadth that follows the up and down movement of the index and only have a 38% correlation ?
[11:08:12] <wrbtrader> Its crazy
[11:08:43] <Tigerman_____> yeah puzzle
[11:08:51] <wrbtrader> If I follow today the Advance Decline lines...
[11:09:05] <Tigerman_____> yeah it moves down today
[11:09:27] <wrbtrader> I should have made about 2 - 6 points on the Emini ES futures in a downtrend
[11:09:37] <wrbtrader> ES is not in a downtrend :)
[11:09:52] <wrbtrader> AD lines are
[11:10:59] <wrbtrader> Sometimes I think I missed some important news that maybe said the "market breadth" will ONLY follow one stock instead of all the stocks in the index
[11:11:09] <wrbtrader> Some crazy bizarre news like that
[11:11:11] <Tigerman_____> yep I guess it depends AD track advance issue vs Spx or ES is balanced in different manner
[11:11:46] <wrbtrader> Its not just the AD lines...its many other market breadth info but I mention the AD lines because everybody knows it
[11:12:34] <Tigerman_____> yeah merits investigate on it
[11:13:28] <wrbtrader> Only the VXX/VIX seem ok but they are signaling "stay out of the markets"
[11:13:40] <wrbtrader> They are very low
[11:13:53] <wrbtrader> Today it just happen to jump into the 11 area
[11:15:09] <wrbtrader> I'm kind'uv in shocked by how much the markets changed while I was in the hospital and rehab
[11:15:20] <wrbtrader> Just a weird coincidence
[11:15:37] <Tigerman_____> wrbtrader... VXX in particular is in steady doentrend from years !!!!!!!!!!!
[11:16:42] <Tigerman_____> knowning that before brings a lot of money just shorting that Etf
[11:17:24] <Tigerman_____> yeah daytrading is tought these days
[11:17:42] <Tigerman_____> global economy refletc that
[11:18:22] <wrbtrader> I don't trade them but hindsight...they were in a big downtrend by July but the price action after that is jus unbelievable "contraction" to more downside
[11:18:54] <wrbtrader> I know some number comes out this month by the brokers about money entering or leaving the markets
[11:19:06] <wrbtrader> I can't imagine it will be good
[11:19:12] <wrbtrader> Should be scary
[11:19:47] <wrbtrader> That type of contraction (small daily movement) looks like record breaking movement
[11:19:51] <wrbtrader> Never seen before
[11:20:14] <Tigerman_____> yep :(
[11:21:27] <Tigerman_____> we need resist
[11:21:54] <wrbtrader> Nothing to trade unless I'm willing to move into forex :)
[11:22:02] <Tigerman_____> the problem is how many days with no gain one trader can bear
[11:22:42] <mtntrader____> PM Trudeau just arrived at the Whitehouse. Maybe this meeting will get something going in the markets.
[11:22:58] <wrbtrader> Hope its some fireworks
[11:23:19] <wrbtrader> Trudeau can be a firecracker if he feels crowed
[11:23:24] <wrbtrader> crowded
[11:23:27] <mtntrader____> They have some serious differences.
[11:24:02] <wrbtrader> Trump likes to overtalk people even those when the press is asking someone else a question.
[11:24:54] <wrbtrader> He's done it to several prime ministers already...kinduv scare to see
[11:25:34] <wrbtrader> I saw someone on TV tried that on Trudeau...Trudeau almost started a fist fight
[11:26:35] <wrbtrader> I remember some women tried physically block Trudeau from talking to one of his ministers...
[11:27:09] <wrbtrader> He charged (fast walk)...bumped into her like a football player just to talk to his minister
[11:27:37] <wrbtrader> He's like old school...if its his turn to talk...
[11:27:42] <wrbtrader> He expects to talk
[11:28:20] <mtntrader____> Hmmm... well we'll see how this goes. My guess is that they will get along just fine.
[11:28:29] <wrbtrader> Trump is not use to letting people talk when its there turn to talk
[11:28:34] <Tigerman_____> wrbtrader ... jst to talk do you remember that london trader they said cause the may flashcrash ?
[11:28:50] <Tigerman_____> 2010 crash
[11:28:53] <wrbtrader> Yeah...what about him ?
[11:29:14] <Tigerman_____> seems my first bet is right
[11:29:27] <wrbtrader> ?
[11:29:29] <Tigerman_____> I said that story is a fake
[11:29:45] <Tigerman_____> now you can read on bloomberger the news
[11:30:00] <wrbtrader> The U.S. blamed him but many didn't believe it
[11:30:27] <Tigerman_____> they say he gain 30 millions !!!!
[11:30:37] <Tigerman_____> spoofing the ES
[11:30:44] <wrbtrader> Last thing I heard he was being extradited back to the U.S. to stand trial...heard that back in August
[11:31:15] <Tigerman_____> yeah they blame this trader for that
[11:31:19] <wrbtrader> The guy that traded out of his parents house and made millions :)
[11:31:54] <Tigerman_____> Now they discover they are not able get a dime from him
[11:32:07] <wrbtrader> Is he still in prison ?
[11:32:38] <Tigerman_____> simply he invest ALL the money in some fraud investment
[11:32:47] <wrbtrader> ?
[11:32:59] <Tigerman_____> yeah very funny
[11:33:05] <wrbtrader> Doesn't sound right...how can you invest while in prison ?
[11:33:39] <Tigerman_____> no he invested ALL the money gained from trading before they catch him
[11:34:04] <Tigerman_____> Bloomberger has the story
[11:34:53] <Tigerman_____> journal say he invested in sure risk free investment thing with garanteed 10% year :)
[11:35:20] <Tigerman_____> then invested in others similar thing
[11:35:22] <Tigerman_____> fraud
[11:35:34] <Tigerman_____> then invested in a forex broker
[11:35:45] <Tigerman_____> broker gone bankrupt :)
[11:35:55] <Tigerman_____> c mon
[11:36:32] <wrbtrader> I thought he didn't make money from spoofing and only cause the crash as a result of what he was trying to do
[11:36:39] <Tigerman_____> is it possible a guy able to gain such a money living in London doing those mistake ?
[11:37:00] <wrbtrader> I'm sure there's a lot of fake news on the story
[11:37:17] <Tigerman_____> yeah
[11:37:44] <wrbtrader> The only thing I know for fact was via an actual news media talk in which U.S. lawyers in England held a press conference...
[11:37:52] <Tigerman_____> my teory is they try to find a scpegoat
[11:38:17] <wrbtrader> They were trying to bring him back to the U.S. to stand trial for illegal spooking and financial results of the crash
[11:38:30] <wrbtrader> Yeah...I think he's a scapegoat too
[11:38:46] <wrbtrader> If I made millions as they stated...
[11:38:57] <wrbtrader> I wouldn't be living in my parents flat (house)
[11:39:31] <Tigerman_____> yeah but what is hard to believe is the fact now is poor because EVERY $ he gained is gone in fraud or silly investing
[11:39:57] <Tigerman_____> simply a fake story
[11:40:29] <Tigerman_____> like an agreement between he and press world
[11:42:57] <Tigerman_____> the best thing to do with many millions (real money ) is invest in real estate or small commercial company
[11:43:13] <Tigerman_____> cash flow forever
[12:01:48] <wrbtrader> Tigerman...I do remember the press conference by the U.S. lawyers back in the summer of last year where they specifically stated his accounts were "frozen" as in he could not access the money
[12:02:07] <wrbtrader> Reason why I call the latest info probably just fake news
[12:02:50] <Tigerman_____> no.. thay frozen just a trading acount less then 1 million
[12:04:06] <Tigerman_____> the fat money around 40 mil pounds was not available bacause locket in some invest funds
[12:04:23] <Tigerman_____> first version
[12:05:00] <Tigerman_____> last news as reported via lawyers and company is..
[12:05:41] <Tigerman_____> we cannot get money back because the money is loss via bad investment
[12:06:14] <Tigerman_____> with evidence of such a silly investment
[12:06:24] <Tigerman_____> simply a ridicolus story
[12:07:08] <wrbtrader> Someone making that kind of money will not leave it with the broker
[12:07:38] <wrbtrader> Instead, they'll find some swedish bank or offshore bank to hide the money
[12:08:14] <Tigerman_____> yes but he not hide nothing simply did bad investment :)
[12:08:29] <Tigerman_____> and that is NOT credible
[12:09:28] <Tigerman_____> wrbtrader do you give 30 milions to out of thin air people ? that garantee a Sure profit with no strong evidence ?
[12:09:44] <wrbtrader> Nope...I would hide it in trusts
[12:10:13] <wrbtrader> They are like seeing a psychologist...they can't nor disclose any info about you or your money
[12:10:36] <wrbtrader> Thus, every penny is probably in some offshore trust
[12:11:28] <wrbtrader> or maybe he purchased a private island :)
[12:12:45] <Tigerman_____> did you now while he was sitting on a multimillion fortune his mother did 2 works to survive
[12:13:26] <Tigerman_____> or absurd story or the guy out of mind
[12:13:30] <wrbtrader> I remember a few years back that Forbes magazine stated that there are 3x as many undocumented millionairs (cash) than those that are documented...
[12:14:07] <wrbtrader> Reason is most of these rich people don't want others to know about including the IRS
[12:14:27] <wrbtrader> So they basically hide their money in other financial vehicles
[12:15:04] <wrbtrader> They even make the effort is living the lifestyle of someone that's getting by on the bare minimum
[12:15:29] <wrbtrader> I've only met one person as such...scary about how he was doing it
[12:15:35] <Tigerman_____> yeah you can use creative instruments... but you need live in some sort of high end accomadation :)
[12:15:50] <wrbtrader> Like something out of a Tom Cruize movie invoing people hiding their money
[12:15:53] <Tigerman_____> or... completly carzy guy
[12:16:15] <Tigerman_____> I mean reach people living like a poor
[12:16:25] <Tigerman_____> it is a hill
[12:16:55] <wrbtrader> The guy I knew lived out of an RV but hide about 7 million and didn't want to pay taxes
[12:17:34] <Tigerman_____> living rich is the way to go
[12:18:05] <Tigerman_____> yeah some living like poor or worst while sitting on big fortunes
[12:18:42] <Tigerman_____> in contrast many lives like reach using credit car a lot :)
[12:18:53] <Tigerman_____> reach =rich :)
[12:19:34] <Tigerman_____> I have to go
[12:19:45] <Tigerman_____> take care see you anext time
[15:47:57] <wrbtrader> Another day for the gap up and then close higher
[15:48:34] <wrbtrader> As stated before...this was not a prior known market tendency
[15:49:43] <wrbtrader> I've already done the stats on it and its a "new tendency"
[15:49:56] <wrbtrader> Just need more time to believe in it
[15:50:10] <wrbtrader> before I actually start taking trades via it
[15:50:23] <TradeSnake> Interesting... Thank you for your commentary on the markets today. Hopefully we'll get some more volatility soon.
[15:51:22] <mtntrader____> Actually, it wasn't bad early in the session. But if you miss that, you might not get another trade.
[15:51:50] <wrbtrader> I can't remember the years (when) but there was a few consecutive years with a low VIX and the markets had a "tendency" to continue trading for the day in the direction of the gap
[15:52:43] <wrbtrader> Thus, one had a chance to just put up one trade off the gap and just HOLD it for the day
[16:19:06] <mtntrader____> See you all tomorrow.
[17:40:27] * Disconnected
Session Close: Mon Feb 13 17:40:28 2017

-------------------------

##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 and 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 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 ICE Emini TF Futures (formerly CME ER2)

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.

Review of TheStrategyLab @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167

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)
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)
http://twitter.com/wrbtrader (24/7)
http://stocktwits.com/wrbtrader (24/7)


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