##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
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

[09:29:38] * Now talking in ##TheStrategyLab
[09:29:39] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:33:04] <Tigerman______> all
[09:35:53] * Retrieving ##TheStrategyLab modes...
[09:36:05] <wrbtrader> Hi Tigerman
[09:36:09] <wrbtrader> Good morning all
[09:37:08] <wrbtrader> Shorts Emini ES @ 2664.00 -> large size
[09:37:15] <wrbtrader> 10 contracts
[09:37:27] <wrbtrader>
[09:38:37] <wrbtrader> Covered all Emini ES Short @ 2663.50 --> + 0.5
[09:39:01] <wrbtrader> bad entry on the trade...actually via wrong analysis
[09:42:41] <Tigerman______> hi wrbtrader
[09:43:57] <wrbtrader> Shorts Emini ES @ 2663.75 -> large size
[09:44:00] <wrbtrader> 10 contracts
[09:44:06] <wrbtrader> re-entry
[09:46:11] <wrbtrader> Covered all Emini ES Short @ 2662.25 --> + 1.5
[09:46:16] <wrbtrader> Two consecutive bad trades...nothing but luck so far
[09:46:24] <wrbtrader>
[09:46:46] * Disconnected
[09:46:53] * Attempting to rejoin channel ##TheStrategyLab
[09:46:59] * Rejoined channel ##TheStrategyLab
[09:46:59] -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
[09:46:59] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:47:08] <wrbtrader> At least the directional analysis is correct
[09:52:52] <wrbtrader> Shorts Emini ES @ 2661.25 -> large size
[09:53:00] <wrbtrader> 10 contracts
[09:53:14] <wrbtrader> no wiggle room here for any errors
[09:54:18] <wrbtrader> Covered all Emini ES Short @ 2659.75 --> + 1.5
[09:54:44] <wrbtrader> not a WRB pt1
[09:54:50] <wrbtrader> exited on some fear
[09:55:05] <Tigerman______> wrbtrader... today was a mess too with IB
[09:55:11] <wrbtrader> due to the prior two trades being error prone
[09:55:21] <Tigerman______> hopefull I discover a bug with their platform
[09:55:48] <Tigerman______> problems with partials orders
[09:56:43] <Tigerman______> their system has issue with order midify and not a mach with size of order and stop with same size
[09:57:03] <Tigerman______> simply no way to me to exit my position or add a new one
[09:57:08] <Tigerman______> at last I did
[09:57:23] <Tigerman______> that cause loss same yesterday
[09:57:44] <Tigerman______> seems issue increase with larger orders
[09:58:24] <Tigerman______> regardless I have to dig more in it to see some soluctions
[09:59:49] <Tigerman______> system not work good when I modify my profit order to exit partials
[10:00:00] <wrbtrader> You suggesting its a liquidity issue with placing larger size on IB ??
[10:01:25] <wrbtrader> You're trading Emini ES futures...right
[10:02:18] * Disconnected
[10:02:27] * Attempting to rejoin channel ##TheStrategyLab
[10:02:33] * Rejoined channel ##TheStrategyLab
[10:04:59] -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
[10:05:00] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[10:05:00] <Tigerman______> order is filled at 2263
[10:06:55] <wrbtrader_away> ES not at 2263
[10:06:55] <Tigerman______> pretend I used 4 contracts
[10:07:24] * wrbtrader_away is now known as wrbtrader
[10:07:52] <wrbtrader> sorry...maybe I missed something because I keep getting disconnected
[10:08:12] <wrbtrader> Not computer problems...something weird for the OPs of their chat rooms on IRC
[10:08:46] <wrbtrader> Tigerman...can you quote your Emini ES futures price now ??
[10:10:19] <Tigerman______> 2664
[10:10:51] <Tigerman______> ah before I written 2263 ..it was 2663
[10:11:27] <Tigerman______> meanwhile I got a bank call
[10:11:37] <Tigerman______> not IB saving bank
[10:11:52] <Tigerman______> regardless...
[10:12:07] <Tigerman______> now we are at 2665
[10:12:13] <wrbtrader> Yes
[10:12:32] <Tigerman______> so I can enter at 2665 wit auto-stop at 2663
[10:12:39] <Tigerman______> just an example
[10:12:42] <wrbtrader> ok
[10:12:57] <Tigerman______> pretend I use 4 contracts
[10:14:00] <Tigerman______> usually I also put a profit 2 points higher like 2667
[10:14:56] <Tigerman______> assuming now volatility increase ... so I plan to exit 1/2 postition at 2666
[10:15:29] <Tigerman______> remainder later at higher levels
[10:16:07] <Tigerman______> I modify my profit order at 2 contract and exit at 2666
[10:16:33] <Tigerman______> at this point I have 2 contracts still in positions
[10:16:51] <wrbtrader> ok
[10:17:26] <Tigerman______> I have to add a New order of 2 contracts at 2668 or other price
[10:17:55] <Tigerman______> my original stop remain still with 4 contracts!!!
[10:19:48] <Tigerman______> for odd reason this unmach in position and stop is not welcome in IB
[10:20:54] <Tigerman______> it is deleted from dome ..while it remain pending on another window and not able to delete it
[10:21:12] <wrbtrader> ahhh
[10:21:49] <wrbtrader> I've heard about the problems with the orders via the DOM at IB before about 3 years ago
[10:21:53] <Tigerman______> maybe IB has some oprtion to auto -mofify stop contract when profit parent order is midified
[10:22:24] <Tigerman______> oops many typo sorry
[10:24:39] <Tigerman______> because I also modify my original stop order at only 2 contracts when I exit half positions ... simply many times that stop order remain pending with original 4 contracts
[10:25:13] <Tigerman______> so in fast market that stop became a n order to trigger a sell positions
[10:25:27] <Tigerman______> in case I cannot delete
[10:26:33] <Tigerman______> wrbtrader... with TT do you modify in manual your auto-stop when you decide to exit half positions?
[10:27:03] <Tigerman______> I mean after half position exited your stop have to be set just for half size now
[10:28:50] <wrbtrader> As you know...I rarely scale out
[10:29:03] <wrbtrader> Yet, when I do it...
[10:29:10] <wrbtrader> Its not auto
[10:29:13] <wrbtrader> I do it manually
[10:29:57] <wrbtrader> They have something for auto-scale but I've never used it
[10:30:12] <wrbtrader> Thus, I don't know if there's any problems with it
[10:30:45] <wrbtrader> I did see a video on Youtube once some years back by someone that does it all the time and he recorded it
[10:31:08] <Tigerman______> ok thanks... maybe it is my way to do many trades and modify on fly original orders and also add new orders
[10:31:26] <wrbtrader> I remember the video seemed more like a recommendation to switch to TT because the auto scale out of a position worked flawlessly
[10:31:28] <Tigerman______> it can give some issue on IB
[10:32:29] <Tigerman______> maybe is there a reason istitutional use TT or CQG
[10:33:05] <Tigerman______> or I have to be more relaxed and stop modify too much
[10:33:26] <wrbtrader> Apparently its the largest growing business for TT and CQG...business accounts (e.g. professional traders
[10:34:13] <Tigerman______> I think I use exit partial because I m not sure of my entry so I exit 2/3 for few think while try to get a Wrb pt1 for the remainder
[10:50:16] <Tigerman______> I have to go
[10:50:23] <Tigerman______> take care all see next time
[11:00:26] <wrbtrader> Shorts Emini ES @ 2665.25 -> small size
[11:00:29] <wrbtrader> 3 contracts
[11:00:58] <wrbtrader> problem getting filled @ 2667.50
[11:01:32] <wrbtrader> resulting in me chasing it below 2665.50 as it dropped fast after 2667.50
[11:02:09] <wrbtrader> Covered all Emini ES Short @ 2665.00 --> + 0.25
[11:02:20] <wrbtrader>
[11:02:31] <wrbtrader> easily spooked out of the trade
[11:06:35] <wrbtrader> Shorts Emini ES @ 2664.00 -> medium size
[11:06:40] <wrbtrader> 5 contractes
[11:06:55] <wrbtrader> increasing volatility
[11:07:15] <wrbtrader> reason for the size increase from 3 contracts
[11:09:00] <wrbtrader> Covered all Emini ES Short @ 2663.75 --> + 0.25
[11:09:11] <wrbtrader> trail stop pick pocketed
[11:10:06] <wrbtrader> Shorts Emini ES @ 2662.00 -> medium size
[11:10:16] <wrbtrader> 5 contractes
[11:11:23] <wrbtrader> Covered all Emini ES Short @ 2663.50 --> - 1.5
[11:12:19] <werner> hi all
[11:13:19] <wrbtrader> Emini ES futures retracing back to the R area of the most recent Up WRB Hidden GAP interval on incrseasing volatility
[11:13:34] <werner> yep
[11:14:26] <wrbtrader> Long Emini ES @ 2669.50 -> medium size
[11:14:33] <wrbtrader> 5 contracts
[11:15:34] <wrbtrader> so far no follow thru on the increasing volatility
[11:15:59] <wrbtrader> Its trying now
[11:16:04] <werner> yep
[11:16:55] <wrbtrader> Exited all Emini ES Long @ 2674.00 --> + 4.5
[11:19:26] <werner> vn
[11:25:18] <wrbtrader> Yeah...glad I didn't freeze after that losing Short position
[11:26:12] <werner> ok i see no shoert because i logt in late
[11:26:19] <werner> short
[11:26:59] <wrbtrader> Long Emini ES @ 2668.25 -> small size
[11:27:01] <wrbtrader> 1 contract
[11:27:59] <wrbtrader> a little chop just showed up
[11:28:23] <wrbtrader> volatility now contracting
[11:29:34] <wrbtrader> Exited Emini ES Long @ 2670.75 --> + 2.5
[11:29:44] <wrbtrader> WRB pt1 reached
[11:31:13] <wrbtrader> Shorts Emini ES @ 2668.50 -> small size
[11:31:21] <wrbtrader> 1 contract
[11:31:28] <wrbtrader> more contraction in the volatility
[11:33:18] <wrbtrader> WRB pt1 reached too slow to grab it @ 2667.50
[11:33:45] <wrbtrader> may get a 2nd chance at it and more with this Long Lower Shadow interval
[11:34:17] <wrbtrader> Covered Emini ES Short @ 2667.75 --> + 0.75
[11:34:32] <wrbtrader> shallow WRB pt1 reached
[11:50:52] <wrbtrader> Shorts Emini ES @ 2666.75 -> small size
[11:51:01] <wrbtrader> 1 contract
[11:52:13] <wrbtrader> Covered Emini ES Short @ 2666.00 --> + 0.75
[11:52:19] <wrbtrader> early exit
[11:52:22] <wrbtrader> be back later
[11:54:16] <werner> Long Emini NQ @ 6814.00
[11:59:29] <werner> Exited all Emini NQ Long @ 6809.00 --> - 5
[12:02:25] <werner> chop
[12:05:36] <wrbtrader> Long Emini ES @ 2664.50 -> small size
[12:05:45] <wrbtrader> 1 contract
[12:06:31] <wrbtrader> Exited Emini ES Long @ 2664.25 --> - 0.25
[12:06:37] <wrbtrader>
[12:13:16] <werner> Long Emini NQ @ 6803.50
[12:15:08] <werner> djeez
[12:15:23] <werner> Exited all Emini NQ Long @ 6803.50 --> 0
[12:18:04] <werner> Long Emini NQ @ 6806.00
[12:21:18] <werner> Exited all Emini NQ Long @ 6804.00 --> - 2
[12:22:01] <werner> side line ...
[14:08:27] <wrbtrader> Shorts Emini ES @ 2662.25 -> small size
[14:08:30] <wrbtrader> 3 contracts
[14:10:33] <wrbtrader> Covered all Emini ES Short @ 2660.75 --> + 1.5
[14:13:20] <wrbtrader> Shorts Emini ES @ 2660.50 -> small size
[14:13:24] <wrbtrader> 3 contracts
[14:14:12] <wrbtrader> nasty snapback up
[14:14:35] <wrbtrader> crazy sudden price movement
[14:16:11] <wrbtrader> Covered all Emini ES Short @ 2661.75 --> - 1.25
[14:16:32] <werner> chop chop
[14:16:52] <wrbtrader> President Trump is speaking
[14:17:02] <werner> aha tx
[14:17:26] <wrbtrader> probably about the IRAN deal
[14:17:36] <werner> yeah
[14:17:51] <wrbtrader> Shorts Emini ES @ 2661.25 -> small size
[14:18:02] <wrbtrader> re-entry
[14:18:40] <wrbtrader> Covered all Emini ES Short @ 2662.00 --> - 0.75
[14:19:07] <wrbtrader> Shorts Emini ES @ 2661.25 -> small size
[14:19:13] <wrbtrader> re-entry
[14:19:18] <wrbtrader> chopping me around
[14:19:37] <wrbtrader> 3 contracts
[14:20:11] <wrbtrader> Covered all Emini ES Short @ 2662.00 --> - 0.75
[14:20:37] <wrbtrader> Shorts Emini ES @ 2661.00 -> small size
[14:20:42] <wrbtrader> re-entry
[14:20:48] <wrbtrader> 3 contracts
[14:21:31] <wrbtrader> Covered all Emini ES Short @ 2661.00 --> 0
[14:21:37] <wrbtrader>
[14:24:43] <wrbtrader> He's no longer speaking and now signing papers
[14:24:59] <wrbtrader> Long Emini ES @ 2660.00 -> medium size
[14:25:09] <wrbtrader> 5 contracts
[14:25:37] <werner> ok tx
[14:25:45] <wrbtrader> correction
[14:25:59] <wrbtrader> Long Emini ES @ 2666.00 -> medium size
[14:27:17] <wrbtrader> Exited all Emini ES Long @ 2668.75 --> + 2.75
[14:33:52] <wrbtrader> Emini ES futures and Emini NQ futures back into the prior chop area
[14:34:29] <werner>
[14:36:43] <wrbtrader> Shorts Emini ES @ 2662.50 -> medium size
[14:36:51] <wrbtrader> 5 contracts
[14:38:23] <wrbtrader> Covered all Emini ES Short @ 2661.75 --> + 0.75
[14:39:30] <wrbtrader> Shorts Emini ES @ 2660.00 -> small size
[14:39:37] <wrbtrader> 1 contract
[14:40:01] <wrbtrader> WRB pt1 reached
[14:40:11] <wrbtrader> now it moves and I'm only 1 contract
[14:42:14] <werner> and i am not on this train ...had to reboot my pc
[14:42:18] <werner>
[14:42:26] <wrbtrader> Covered Emini ES Short @ 2653.25 --> + 6.75
[14:43:55] <wrbtrader> Light Crude Oil CL futures went crazy during that Trump speach too
[14:44:30] <wrbtrader> along with the issues going on in Venzuela
[14:45:02] <wrbtrader> never underestimate these types of KMEs involving Geo-Politics
[14:45:37] <werner> agree
[14:57:09] <wrbtrader> Not sure about the long term impact on Oil prices but if Oil continue higher...more money out of peoples pockets...increasing inflation and then maybe resulting in Higher Interest rates
[14:57:37] <wrbtrader> Crazy how all of this is inter-connected just because of a Geo-Political KME
[15:18:30] <wrbtrader> Take care all and see all tomorrow
[15:19:00] <werner> cya

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

##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 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)