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 Post subject: May 17th Wednesday - Futures, Forex, Stocks and ETF
 Post Posted: Wed May 17, 2017 5:35 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
Price Action Trading (no technical indicators)
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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
Attachment:
051717-Key-Price-Action-Markets.png
051717-Key-Price-Action-Markets.png [ 825.07 KiB | Viewed 271 times ]

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

Session Start: Wed May 17 09:25:43 2017
Session Ident: ##TheStrategyLab
[09:25:44] * Now talking in ##TheStrategyLab
[09:25:44] * 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'
[09:25:44] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:25:44] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:27:00] <Zetaone> GM all
[09:27:48] <Tigerman______> gm all
[09:28:37] <Tigerman______> obviously dawn gap at open
[09:28:59] <Tigerman______> my bet is bargain hunters show up to resume the down trend
[09:29:42] <Tigerman______> nrgative note I miss the great downfall some minutes ago :(
[09:30:46] <wrbtrader> Yeah...I think its related to the news yesterday out of the White House
[09:31:09] <wrbtrader> I was actually watching the down movement yesterday night when it happen
[09:32:09] <Tigerman______> now we need a strong move up or continuation the fall
[09:32:27] <Tigerman______> Vola rise a bit at last :(
[09:32:39] <werner1> gm all
[09:32:40] <Tigerman______> I mean :)
[09:32:45] <Tigerman______> hi werner
[09:33:00] <werner1> hi tigerman
[09:35:26] <wrbtrader> Long Emini ES @ 2382.50 -> large size
[09:35:35] <wrbtrader> 10 contracts
[09:36:55] <wrbtrader> Exited all Emini ES Long @ 2383.00 --> + 0.5
[09:45:39] <wrbtrader> Shorts Emini ES @ 2380.75 -> large size
[09:46:30] <wrbtrader> 10 contracts
[09:49:43] <werner1> Shorts Emini NQ @ 5686.25
[09:50:12] <Tigerman______> tricky area here
[09:50:19] <Tigerman______> I shorted the Dax
[09:50:27] <Tigerman______> just covered
[09:50:37] <Tigerman______> borderline here
[09:50:57] <werner1> Covered all Emini NQ Short @ 5682.00 --> + 4.25
[09:51:02] <Tigerman______> we are at today open in dax equity
[09:51:16] <werner1> wrb pt2
[09:52:19] <wrbtrader> Covered all Emini ES Short @ 2378.75 --> + 2
[09:52:25] * Retrieving ##TheStrategyLab modes...
[09:52:29] <wrbtrader> WRB pt1 reached
[09:52:39] <Tigerman______> good patience wrbtrader
[09:53:03] <wrbtrader> A little luck on that trade...my data stalled for about 15 seconds
[09:53:29] <wrbtrader> When it started back up...it was no longer at a loss but at a profit
[09:53:52] <wrbtrader> I almost dumped it when it stalled
[09:53:59] <Tigerman______> wow I miss a good entry by distraction :(
[09:55:18] <wrbtrader> Shorts Emini ES @ 2377.00 -> large size
[09:55:22] <Tigerman______> that is due to missing some monitors
[09:55:38] <wrbtrader> bouncing around a little down her near the intraday lows
[09:55:46] <wrbtrader> volatility increasing too
[09:56:25] <wrbtrader> Covered all Emini ES Short @ 2376.75 --> + 0.25
[09:57:57] <wrbtrader> Shorts Emini ES @ 2375.25 -> large size
[09:58:11] <wrbtrader> intuition re-entry
[09:58:22] <wrbtrader> 10 contracts
[09:58:31] <Tigerman______> sh 669 dax
[09:59:23] <Tigerman______> exit all @ 12666 +3tk
[10:00:12] <wrbtrader> Covered all Emini ES Short @ 2374.25 --> + 1
[10:00:38] <wrbtrader> not a WRB pt1
[10:00:41] <wrbtrader> early exit
[10:00:54] <Tigerman______> sh dax 12669
[10:01:29] <Tigerman______> exit 2/3 885 +5t
[10:01:42] <Tigerman______> exit 12664 I mean
[10:02:33] <Tigerman______> exit all @ 666 +3t
[10:03:11] <wrbtrader> Dow sheds 200 points as Trump worries rattle Wall Street; S&P and Nasdaq drop 1% (CNBC) @ http://www.cnbc.com/2017/05/17/us-markets.html
[10:03:14] <Tigerman______> breath Nq in sync
[10:22:09] <Tigerman______> sh dax 12671
[10:22:58] <Tigerman______> exit 2/3 @ 666 +5t
[10:26:29] <Tigerman______> exit all rem 1/3 @ 12654 +17t
[10:27:23] <werner1> wow ,,very nice Tigerman
[10:27:42] <Tigerman______> dax testing a low from May 11
[10:28:01] <werner1> yes i see :)
[10:28:03] <wrbtrader> Shorts Emini ES @ 2373.00 -> large size
[10:28:16] <wrbtrader> 10 contracts
[10:28:16] <Tigerman______> thanks werner ... problem is hold on in such trades
[10:28:31] <wrbtrader> VIX trading @ 12.67
[10:28:58] <wrbtrader> KCJ correlation info is higher today...great for correlation
[10:29:09] <Tigerman______> yep
[10:29:19] <wrbtrader> correlation of stocks to their respected indices
[10:29:59] <wrbtrader> Covered all Emini ES Short @ 2373.75 --> - 0.75
[10:30:49] <wrbtrader> Emini ES futures just put a higher low since 10am est
[10:31:33] <werner1> dax is for the diehard :)
[10:31:45] <Tigerman______> big up spike in CL after Oil news
[10:32:45] <Tigerman______> CL soars
[10:33:32] <wrbtrader> Yeah...Brent Oil futures doing the same
[10:35:18] <Tigerman______> sh dax 12655
[10:35:49] <Tigerman______> exit 2/3 @ 640 +15 tk
[10:37:15] <Tigerman______> exit rem @ 12644 +11t
[10:37:34] <Tigerman______> just greedy on remainder
[10:38:00] <Tigerman______> missed exit around 12635
[10:38:27] <wrbtrader> Shorts Emini ES @ 2372.50 -> large size
[10:38:42] <wrbtrader> 10 contracts
[10:39:16] <wrbtrader> Covered all Emini ES Short @ 2372.00 --> + 0.5
[10:40:08] <Tigerman______> wrbtrader... what do you think if we procuce t-shirts written I love volatility :)
[10:45:31] <Tigerman______> sh dax 12644
[10:45:59] <Tigerman______> exit 2/3 @ 41 +3t
[10:47:43] <wrbtrader> Tigerman...sounds good
[10:48:07] <Tigerman______> exit all rem 1/3 @ 12616
[10:48:38] <wrbtrader> I have a neighbor that's a business owner...he owns his own custom fish tank business
[10:48:41] <Tigerman______> +28 tk
[10:48:56] <wrbtrader> He told me the first year he was in business...
[10:49:58] <wrbtrader> He wrote on 10 (100 dollar bills) his email address in the US and in Canada...same thing on Canadian 100 dollar bills
[10:50:12] <wrbtrader> Yeah, its illegal
[10:50:38] <wrbtrader> but he did it anyway but its called "defacing the currency"...there's laws against that
[10:51:21] <wrbtrader> Anyways, he had so much business...he had to hire 10 employees within 2 months after advertising like that
[10:51:35] <wrbtrader> He still does today after 15 years :)
[10:52:06] <Tigerman______> we can write short the market maybe it helps :)
[10:53:02] <wrbtrader> I guess he believes not many people walk around with $100 dollar bills in their pockets and those that do...have a lot of money and will get curious about his business online
[10:53:18] <wrbtrader> It works for him
[10:53:32] <Tigerman______> sh dax 12614
[10:53:53] <Tigerman______> exit 13 2/3 +1 tk
[10:54:19] <wrbtrader> Shorts Emini ES @ 2370.00 -> large size
[10:54:30] <wrbtrader> choppy and fast moving
[10:54:34] <wrbtrader> 10 contracts
[10:56:40] <Tigerman______> exit all rem 1/3 12590 +24 tk
[10:57:03] <Tigerman______> I can t hang on more
[10:57:16] <Tigerman______> mental pressure at max
[10:57:37] <Tigerman______> also I do not want give back my gains
[10:57:51] <Tigerman______> thats the difficult side of trading
[10:57:51] <werner1> top :)
[10:58:13] <Tigerman______> now I measure my blood pressure really
[10:58:35] <Tigerman______> usually is too low because my past sport activity
[10:58:59] <Tigerman______> also I drunk a lot of strong cofee too :)
[10:59:45] <wrbtrader> Covered all Emini ES Short @ 2367.50 --> + 2.5
[10:59:48] <wrbtrader> Blood pressure is usually a problem when it spikes too high or spikes too low
[11:00:22] <wrbtrader> For me...it spiked too low...I went into shock and then a coma
[11:01:42] <Tigerman______> now is little high my medium level and I feel great :)
[11:02:04] <Tigerman______> i was in tropical area in last months
[11:02:25] <Tigerman______> 36C degree and 80% wet
[11:02:43] <Tigerman______> exit from home was a nightmare
[11:02:51] <Tigerman______> my pressure goes too low
[11:03:12] <Tigerman______> lucky there are many mall in big cities
[11:03:20] <Tigerman______> problem was inside jungle
[11:03:45] <Tigerman______> no where to go to excape hot
[11:05:40] <wrbtrader> Always make sure you have "travel insurance" for sudden illnesses or accidents.
[11:06:51] <wrbtrader> I didn't have it when I was initially hospitalized but I l was lucky because I became ill in another country (France) where I also have French citizenship (I was born there)
[11:07:12] <wrbtrader> Canada wouldn't cover my medical expenses but France did
[11:07:53] <wrbtrader> Had I been in the U.S. when I became sick and in a coma...
[11:07:59] <wrbtrader> I would have been screwed
[11:08:16] <Tigerman______> wowwww
[11:08:27] <Tigerman______> I ALWAYS do insurance
[11:08:46] <Tigerman______> infact it costed almost 1000$ for few months
[11:08:55] <Tigerman______> unlimited in Us
[11:09:19] <Tigerman______> ISSUE is fast help
[11:09:35] <wrbtrader> Now I'm preparing to travel again the later part of this summer to the U.S....I need to get private insurance because Canada will only pay $100 per day of hospitalizaton
[11:09:37] <wrbtrader> crazy
[11:09:47] <Tigerman______> screwed if you are in inside jungle
[11:10:10] <Tigerman______> yeah US is very expensive
[11:10:59] <Tigerman______> wife of a guy told me his wife give birth in california
[11:11:12] <wrbtrader> The markets reaction to the problems in the White House...
[11:11:15] <Tigerman______> apart other bills
[11:11:49] <Tigerman______> they ask 100$ for trasport her from one side to other side of hospidal...just few meters :(
[11:11:52] <wrbtrader> It could be a lot of fear that Trump will soon be in deep trouble
[11:12:17] <wrbtrader> I remember the same reaction to President Bill Clinton
[11:12:28] <Tigerman______> fera too for last minute investors they paid high price
[11:12:31] <wrbtrader> over the Monica Lewinsky stuff
[11:14:48] <wrbtrader> That's what I have in my trading log back then
[11:15:28] <wrbtrader> I also have later in the logs that he was IMPEACHED but he stay in office to complete his presidential term
[11:17:09] <wrbtrader> Therefore, its possible for Trump to be impeached if he did ask FBI Comey to back down from the investigation of Flynn relationship to Russia
[11:17:59] <wrbtrader> Yet, similar to Bill Clinto...Trump could remain in office to complete his term but not allowed to run for president again
[11:18:45] <wrbtrader> Crazy scenario and its a scenario that could bring a lot of crazy volatility to the markets
[11:20:17] <wrbtrader> Just another reason why I keep a daily trade journal of what's happening in the world to better understand any trading day besides just looking at broker statements alone
[11:22:09] <Tigerman______> lg dax 12645.5
[11:22:37] <Tigerman______> exit 2/3 @ 49 +3.5
[11:23:53] <Tigerman______> exit rem @ 49.5 +4t
[11:34:33] <wrbtrader> Tigerman...yes and I just replied
[11:47:44] <wrbtrader> Shorts Emini ES @ 2373.00 -> small size
[11:47:52] <wrbtrader> 5 contracts
[11:50:21] <wrbtrader> Covered all Emini ES Short @ 2373.50 --> - 0.5
[11:53:40] <wrbtrader> Shorts Emini ES @ 2372.75 -> small size
[11:53:58] <wrbtrader> re-entry 5 contracts
[11:55:22] <wrbtrader> Looks now to be just chopping around
[11:57:32] <wrbtrader> Covered all Emini ES Short @ 2373.00 --> - 0.25
[11:58:37] <wrbtrader> Long Emini ES @ 2374.25 -> small size
[11:58:45] <wrbtrader> 5 contracts
[12:01:53] <wrbtrader> :(
[12:02:44] <wrbtrader> Exited all Emini ES Long @ 2373.25 --> - 1
[12:27:12] <Tigerman______> i exit here
[12:27:19] <Tigerman______> take care all see next time
[12:33:48] <wrbtrader> Shorts Emini ES @ 2370.00 -> small size
[12:33:55] <wrbtrader> 5 contracts
[12:35:17] <wrbtrader> Covered all Emini ES Short @ 2371.00 --> - 1
[12:35:33] <wrbtrader> :(
[12:35:57] <wrbtrader> 3 trades in a roll where I waited for it to stop chopping before entering...
[12:36:21] <wrbtrader> It calms down and then I enter...it starts bouncing around again :(
[12:55:16] <wrbtrader> Now there's real calm with the contraction showing up in the volatility
[12:56:12] <wrbtrader> Long Emini ES @ 2375.25 -> small size
[12:56:19] <wrbtrader> 5 contracts
[13:00:03] <wrbtrader> correction...
[13:00:25] <wrbtrader> Long Emini ES @ 2373.25 -> small size
[13:00:51] <wrbtrader> 75.25 is my trail stop price is price gets above that level
[13:04:48] <wrbtrader> Exited all Emini ES Long @ 2372.00 --> - 1.25
[13:09:19] <wrbtrader> Geesh...suddenly drops and has now retraced back to the 2372.00 price area
[13:09:25] <wrbtrader> now 2372.50
[13:13:15] <wrbtrader> Shorts Emini ES @ 2371.50 -> large size
[13:13:45] <wrbtrader> Emini NQ futures is trying to rollover into a failed counter thrust
[13:14:03] <wrbtrader> suddenly bouncing back now
[13:14:31] <wrbtrader> That bouncing arouond has returned again :(
[13:17:09] <wrbtrader> trying to rollover again
[13:17:43] <wrbtrader> volatility slowly increasing
[13:18:07] <wrbtrader> chop + volatility = lots of small losses
[13:20:47] <wrbtrader> :(
[13:21:37] <wrbtrader> Covered all Emini ES Short @ 2370.25 --> + 1.25
[13:21:53] <wrbtrader> not a WRB pt1
[13:22:41] <wrbtrader> Had to exit because its time for me to take a break from trading (gotta each lunch and take a my blood pressure)
[15:04:36] <wrbtrader> Sometimes I get emails with doubts of who I am...
[15:06:58] <wrbtrader> Someone asked me to prove that my old user name was "NihabaAshi" which is a Martial Arts with Japanese Candlestick term merged together
[15:07:50] <wrbtrader> I couldn't really prove it but I sent him a direct link to my website that explains why I changed the user name from NihabaAshi to wrbtrader
[15:08:42] <wrbtrader> I then sent him a link to many past images when I was using my laptop (I was traveling at the time) while on an extended vacation
[15:09:01] <wrbtrader> Image @ http://thestrategylab.com/images/012607 ... Trades.png
[15:09:33] <wrbtrader> I have like 350 images pulled from my trade logs
[15:09:36] <Zetaone> ?
[15:11:23] <wrbtrader> Zetaone...its a user name I used in the past here in the chat room
[15:11:56] <wrbtrader> He was someone that saw some recent logs but didn't see that user name anymore
[15:12:04] <Zetaone> But dont understand people sometimes.
[15:12:19] <wrbtrader> He didn't know I had changed it and then doubt who I was
[15:13:09] <wrbtrader> I'm the only one that had access to those images
[15:13:38] <Zetaone> lets hope he is satisfied now. Might want your blood type just to be sure!!!
[15:13:43] <wrbtrader> I use to just use my website as a storage of the images instead of posting them in the chat logs
[15:14:01] <wrbtrader> Yeah...I'm glad he didn't ask for "fingerprints"
[15:14:40] <Zetaone> lol
[15:21:13] <wrbtrader> Here's the same trading day with a different image pulled from the original
[15:21:18] <wrbtrader> http://www.thestrategylab.com/012607FuturesTrades.htm
[15:22:31] <wrbtrader> I"m showing that I store daily TWO images uploaded but only post the smaller image in the forum logs...the smaller one
[15:22:47] <wrbtrader> I've always done that and still do that today
[15:23:20] <Zetaone> Do you go back and review your previous logs
[15:23:34] <wrbtrader> Yes...all the time
[15:24:58] <Zetaone> wow that is discipline!
[15:25:17] <wrbtrader> Yeah but its a ton of work
[15:25:52] <Zetaone> Absolutely - do you check what happens the day after that event?
[15:26:41] <wrbtrader> Yes
[15:27:22] <wrbtrader> For example...if Trump gets impeached...I know I'm loading up on the Short positions :)
[15:29:11] <wrbtrader> Here's a bad trading day @ http://www.thestrategylab.com/images/09 ... erLoss.png
[15:29:32] <Zetaone> Agreed... but let's see what game book he produces, and the political uncertaintity hopefully should produce increased volatility
[15:30:16] <wrbtrader> There will be tons of volatility if he gets impeached or any hearings about impeachment by congress
[15:31:05] <Zetaone> yes - do you still have the same trade layout as that?
[15:31:37] <wrbtrader> Sort'uv...
[15:32:15] <wrbtrader> I have a lot of images that I hide the chat rooms behind the price ladders on the right side
[15:32:32] <wrbtrader> I don't do that anymore
[15:33:22] <wrbtrader> I got rid of the price ladders because I don't use them and instead use a small buy/sell window. That allowed me to keep the chat room upfront instead of hidden
[15:33:59] <wrbtrader> I'm not a DOM trader but many members were DOM traders
[15:34:25] <wrbtrader> They use to ask me to post my price ladders instead of posting images of the chat room
[15:34:49] <wrbtrader> I did that for awhile but thing I started thinking it gave the wrong message that I was a DOM trader
[15:35:01] <wrbtrader> I'm not
[15:35:34] <Zetaone> understand
[15:38:09] <wrbtrader> VIX now at 13.95
[15:39:05] <wrbtrader> I just want to see consistent volatility like this for several weeks...it will wake up the market
[15:39:28] <wrbtrader> VIX just spiked to 14.04
[15:41:46] <wrbtrader> Shorts Emini ES @ 2363.50 -> small size
[15:41:53] <wrbtrader> 5 contracts
[15:42:55] <wrbtrader> Wow...that was a delay reaction in the futures to the spike in the VIX
[15:43:11] <wrbtrader> Usually don't see the price react like that with such a delay
[15:45:16] <wrbtrader> Covered all Emini ES Short @ 2359.50 --> + 4
[15:45:57] <wrbtrader> WRB pt1 @ 2362.00
[15:46:57] <wrbtrader> I only held it longer because I was suspicious about the delayed reaction in the future after the spike in the VIX and other volatility market breadth information
[15:47:56] <wrbtrader> Shorts Emini ES @ 2359.00 -> small size
[15:48:11] <wrbtrader> re-entry 5 contracts
[15:49:51] <wrbtrader> Covered all Emini ES Short @ 2358.50 --> + 0.5
[15:50:46] <wrbtrader> Shorts Emini ES @ 2357.75 -> small size
[15:50:54] <wrbtrader> :(
[15:51:17] <wrbtrader> Covered all Emini ES Short @ 2357.50 --> + 0.25
[15:51:57] <wrbtrader> bouncing a little too much for my taste
[15:54:06] <wrbtrader> Shorts Emini ES @ 2357.50 -> small size
[15:54:35] <wrbtrader> volatility increasing going into the 4pm est rush hour traffic
[15:55:01] <wrbtrader> Its the only reason why I'm re-entering these trades
[15:56:40] <wrbtrader> Covered all Emini ES Short @ 2355.75 --> + 1.75
[16:00:14] <wrbtrader> VIX @ 14.79
[16:00:55] <wrbtrader> I"m documenting it for the logs so that its easy to research in the future...years from now
[16:01:51] <wrbtrader> Emini ES futures bounced up 3 points to 2359.25 for the 4pm est rush hour traffic price action
[16:02:02] <wrbtrader> now surging higher
[16:02:08] <wrbtrader> 2361.00
[16:07:01] <wrbtrader> An interesting volatile trading day...thanks to the White House developing fiasco
[16:08:19] <wrbtrader> Blame it on politics
[16:13:16] <wrbtrader> Take care all and see all tomorrow Thursday...we may see a big bang in the overnight trading session
[16:30:23] * Disconnected
Session Close: Wed May 17 16:30:23 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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