##TheStrategyLab Price Action Chat Room Logs

TheStrategyLab Price Action Trading (no technical indicators)
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
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.

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


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

[09:53:40] * Now talking in ##TheStrategyLab
[09:53:45] -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
[09:53:45] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:54:32] <wrbtrader> I'm back
[09:55:06] <wrbtrader> Trendtrader...I have Windows 10 Pro on my laptops except one...that exception is a Mac
[10:05:14] <wrbtrader> Long Emini ES @ 2827.50 -> large size
[10:05:18] <wrbtrader> 10 contracts
[10:07:46] <wrbtrader> Exited all Emini ES Long @ 2828.25 --> + 0.75
[10:07:57] <wrbtrader> shallow WRB pt1 reached
[10:14:24] <wrbtrader> Shorts Emini ES @ 2826.50 -> large size
[10:14:31] <wrbtrader> 10 contracts
[10:15:22] <wrbtrader> overall volatility is low
[10:15:39] <wrbtrader> Covered all Emini ES Short @ 2827.50 --> - 1
[10:17:48] <Trendtrader> I'm back too. sorry for the delay. also missed posting a trade a few minutes ago.
[10:18:16] <wrbtrader> The VIX can easily drop into the 11 price area today due to no more schedule KMEs today
[10:18:36] <wrbtrader> Too low for trade opportunities if such occurs
[10:18:52] <Trendtrader> long es 2825.75 sim
[10:18:55] <Trendtrader> exit es long 2826.50 sim +0.75
[10:19:02] <wrbtrader> Will need a breaking news event to shake up the hornet nest sort'uv speak
[10:20:00] <wrbtrader> Long Emini ES @ 2830.00 -> large size
[10:20:05] <wrbtrader> 10 contracts
[10:20:38] <wrbtrader> Exited all Emini ES Long @ 2829.75 --> - 0.25
[10:22:37] <wrbtrader> Long Emini ES @ 2830.25 -> large size
[10:22:46] <wrbtrader> 10 contracts
[10:23:24] <wrbtrader> We have that contradiction in the volatility right now...between the VIX and the volatility within the Emini futures
[10:23:51] <wrbtrader> That contradiction usually setup a volatility spike or strong direction price movement
[10:24:14] <wrbtrader> Exited all Emini ES Long @ 2830.50 --> + 0.25
[10:25:04] <wrbtrader> Long Emini ES @ 2830.25 -> large size
[10:25:13] <wrbtrader> 10 contracts
[10:25:28] <wrbtrader> re-entry after the rude trail stop pick in the prior trade
[10:25:57] <wrbtrader> Emini NQ futures not helping
[10:26:14] <wrbtrader> Emini YM futures is helping Emini ES
[10:26:40] <wrbtrader> Exited all Emini ES Long @ 2830.25 --> 0
[10:30:46] <werner1> all
[10:31:08] <wrbtrader> Long Emini ES @ 2830.25 -> large size
[10:31:12] <wrbtrader> 10 contracts
[10:31:17] <wrbtrader> re-entry
[10:31:48] <wrbtrader> 3rd consecutive trade at the price level
[10:35:24] <wrbtrader> Exited all Emini ES Long @ 2830.50 --> + 0.25
[10:35:41] <wrbtrader> A tough set of trades...didn't get anywhere
[10:35:58] <werner1>
[10:36:25] <wrbtrader> Overall volatility still declining...if it continues...it will hit the 11 price range
[10:40:10] <wrbtrader> Reminder...August is around the corner...it has been one of the strongest months of the year for volatility due to the lows of July
[10:40:42] <wrbtrader> That's a intraday market tendencies
[10:41:48] <werner1> 1 year ago we had a 8.84 low
[10:42:01] <wrbtrader> For July
[10:42:08] <werner1> yep
[10:42:13] <wrbtrader> Ouuch
[10:42:34] <werner1> 7/26/2017
[10:42:36] <wrbtrader> I knew it was very low but forgot about the specifics
[10:45:51] <wrbtrader> May - July 2017 was a very difficult month for me psychological...had many family issues to deal with from my illness of the fall of 2016
[10:46:19] <wrbtrader> Shorts Emini ES @ 2829.00 -> large size
[10:46:30] <wrbtrader> 10 contracts
[10:46:50] <wrbtrader> Emini NQ futures trying to save the volatility from dropping lower
[10:47:10] <wrbtrader> I'm just following it
[10:47:27] <werner1>
[10:47:42] <wrbtrader> Covered all Emini ES Short @ 2829.00 --> 0
[10:47:52] <wrbtrader>
[10:47:53] <wrbtrader> geeesh
[10:48:22] <wrbtrader> In contrast, Emini YM futures is heavily contracted and in a very tight trading range
[10:48:48] <werner1> i saw the entry to late and i did not want to chase it:)
[10:49:01] <wrbtrader> Long Emini ES @ 2829.50 -> large size
[10:49:12] <wrbtrader> 10 contracts
[10:49:44] <wrbtrader> Exited all Emini ES Long @ 2829.00 --> - 0.5
[10:49:56] <wrbtrader> tough price action
[10:50:11] <wrbtrader> Its now giving in to the chop
[10:55:11] <wrbtrader> Shorts Emini ES @ 2828.75 -> large size
[10:55:21] <wrbtrader> 10 contracts
[10:55:39] <wrbtrader> Emini NQ moved first and hopefully the chop doesn't show up
[10:55:45] <wrbtrader> it just did
[10:56:13] <wrbtrader> Covered all Emini ES Short @ 2829.00 --> - 0.25
[10:57:31] <werner1> madness here 33 degrees...next day 36/37
[10:57:31] <wrbtrader> Shorts Emini ES @ 2828.50 -> large size
[10:57:45] <wrbtrader> 10 contracts
[10:58:17] <wrbtrader> We got rain and humity forecast but the temps decline later this week
[10:58:20] <werner1> il love my aico's
[10:59:55] <wrbtrader> Gotta keep the stops and trails tight today...volatility too low to bounce back for a big loss
[10:59:59] <werner1> no rain in abougt +/- 2 months here
[11:01:09] <werner1> Shorts Emini NQ @ 7464.50
[11:01:24] <wrbtrader> Emini NQ futures and a Long Lower Shadow interval helping me now on this Short position
[11:01:50] <wrbtrader> Covered all Emini ES Short @ 2827.25 --> + 1.25
[11:01:58] <wrbtrader> WRB pt1 reached
[11:02:00] <werner1> Covered all Emini NQ Short @ 7458.50 --> + 6
[11:02:24] <wrbtrader> Didn't want to hold it after the WRB pt1 because of the low volatility and the chop
[11:02:29] <werner1> @wrb pt1
[11:03:16] <werner1> mmm into the gap nq
[11:03:18] <wrbtrader> Shorts Emini ES @ 2827.00 -> large size
[11:03:28] <wrbtrader> 10 contracts
[11:03:50] <wrbtrader> another Long Lower Shadow interval...price sliced down into it
[11:04:03] <wrbtrader> now volatility spiking
[11:04:52] <wrbtrader> There's no schedule KMEs right now...this could be a news event volatility spike
[11:06:41] <werner1> grr ...brb
[11:08:46] <wrbtrader> Covered all Emini ES Short @ 2821.25 --> + 5.75
[11:09:05] <wrbtrader> WRB pt3 reached
[11:09:51] <wrbtrader> Not sure why my patience showed up that helped me stay in that trade beyond a WRB pt1 especially on a day like today with volatility so low
[11:11:06] <wrbtrader> Could be a combo of expecting a volatility spike to show up after the identified "contradiction in the volatility between the VIX and the Emini futures" along with be a little desperate after so many profits/losses between 1 - 3 ticks...not points
[11:11:58] <wrbtrader> Something to review and document after the market close today
[11:13:26] <wrbtrader> There was also contradiction on the volatility with the Eurex volatility index versus the volatility of the Eurex futures...
[11:13:31] <wrbtrader> Strange trading day so far
[11:47:02] <werner1> back ...nice patiense
[11:51:20] <werner1> mist the short again
[11:55:21] <wrbtrader> Shorts Emini ES @ 2822.00 -> large size
[11:55:30] <wrbtrader> 10 contracts
[11:55:39] <wrbtrader> will be a tough trade
[11:56:01] <wrbtrader> volatility started contracting
[11:56:21] <wrbtrader> seconds after my entry of the Short
[11:56:30] <wrbtrader> bad timing
[11:56:50] <wrbtrader> Covered all Emini ES Short @ 2822.50 --> - 0.5
[11:57:35] <werner1> nq is not with you
[11:58:25] <wrbtrader> Long Emini ES @ 2822.50 -> large size
[11:58:34] <wrbtrader> 10 contracts
[11:58:59] <wrbtrader> It is now
[12:00:01] <wrbtrader> Exited all Emini ES Long @ 2823.75 --> + 1.25
[12:00:34] <wrbtrader> WRB pt1 reached thanks to Emini NQ and then YN showed up to help too
[12:00:43] <wrbtrader> meant YM
[12:01:08] <werner1>
[12:04:45] <werner1> mm nice es
[12:05:17] <werner1> 86 key
[12:09:39] <wrbtrader> Emini ES futures at the most recent reaction high
[12:21:48] <wrbtrader> The one benefit I love about trading via my new laptops in comparison to trading via desktop computers...I cam quickly move to a new trading location in my home, outside or anywhere with th help of using my cell phone as a personal hotspot
[12:25:14] <wrbtrader> I prefer to call the personal hotspot a "mobile" hotspot
[12:31:30] <wrbtrader> contradiction in the trade signals...
[12:31:38] <wrbtrader> Buy in YM and Sell in NQ
[12:31:42] <wrbtrader>
[12:32:05] <wrbtrader> Long Emini ES @ 2825.75 -> medium size
[12:32:14] <wrbtrader> 5 contracts
[12:32:29] <wrbtrader> NQ and YM now trying to be insync...UP
[12:33:47] <wrbtrader> both now stalling
[12:33:56] <wrbtrader> meant...contracting in their volatility
[12:42:11] <werner1> Shorts Emini NQ @ 7428.50
[12:43:10] <wrbtrader> Exited all Emini ES Long @ 2824.75 --> - 1
[12:43:44] <wrbtrader> Shorts Emini ES @ 2824.25 -> medium size
[12:43:53] <wrbtrader> 5 contracts
[12:43:54] <werner1> wow
[12:44:18] <werner1> Covered all Emini NQ Short @ 7418.50 --> + 10
[12:44:33] <wrbtrader> volatility increasing by I'm not sure why...still no KMEs for today volatility spikes other than the Trump talk about tarrifs
[12:44:34] <werner1> @wrb pt1
[12:45:54] <wrbtrader> Bailout news by Trump administration for farmers hurt by the counter tariffs against the U.S.
[12:46:12] <wrbtrader> https://www.cnbc.com/2018/07/24/trump-p ... eport.html
[12:46:41] <wrbtrader> WRB pt1 reached
[12:47:00] <wrbtrader> holding a little longer to see if more volatility shows up
[12:48:31] <wrbtrader> another contradiction in the volatility just showed up
[12:48:56] <wrbtrader> I'm now expecting a volatility spike or strong directional price movement
[12:48:57] <werner1> thats good news evrey one forget the farmers ...but thats ower food
[12:49:13] <werner1> no farmers no food
[12:49:18] <wrbtrader> tighning my trail stop just in case it spikes price Upwards
[12:50:19] <werner1> all
[12:51:45] <wrbtrader> WRB pt2 reached
[12:51:54] <wrbtrader> Covered all Emini ES Short @ 2821.00 --> + 3.25
[12:52:31] <wrbtrader> The contradictions in the volatility today has given me my biggest profits of the trading day today
[12:55:09] <wrbtrader> I'm calling it quits early today...take care all and see all tomorrow
[14:16:41] <Donnin________> need 7400 to break
[15:01:47] <Donnin________> can i post a image of the current vol
[15:01:56] <Donnin________> wrdtrader
[15:02:06] <Donnin________> wrbtrader
[15:42:45] <wrbtrader> Yes...its ok
[16:21:39] <werner1> take care ...cya all
[16:56:02] <Donnin________> ok
[16:56:23] <Donnin________> https://media.trillian.im/media/?m=aW1h ... VMog%3D%3D
[16:57:00] <Donnin________> so today we where 116% percent of the daily 30 DAY average
[16:57:43] <Donnin________> So im thinking maybe a strategy could be wait until we hit a certain percent
[16:57:55] <Donnin________> to prevent chop
[16:58:30] <Donnin________> thats screen shot was taken earlier
[17:13:21] <Donnin________> 30 day average means nothing but maybe it does
[17:43:14] <Donnin________> if we open at say 50percent then we know there going to be follow through ect
-
[21:12:24] * Now talking in ##TheStrategyLab
[21:14:44] <wrbtrader> Donnin...quick question before I log off...
[21:15:42] <wrbtrader> Have you backtested or created a strategy for what you show in the link ??
[21:16:13] <wrbtrader> You can respond in your private thread at the forum
[21:16:17] <wrbtrader> Take care and good night
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.


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:

CME Emini Futures EMD, ES and NQ

CME Emini RTY Futures (formerly ICE TF)

CBOT mini-sized Dow Futures YM

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX 6E and EC

Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen, Usd/Cad, Xau/Usd and Xag/Usd

Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

S&P CNX NIFTY Futures

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

Rebuttal to Mr. Emmett Moore Jr. via TheStrategyLab.com Review @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167

The Strategy Lab: Valforex - The Manipulative Review Scam @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3676

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
@ 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)