##TheStrategyLab Price Action Chat Room Logs

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/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 post your WRB Analysis, post your price action analysis, ask real-time questions about WRB Analysis or post 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 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, 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.

##TheStrategyLab Chat Room Review - This is not a signal calling trading room. This is not a live 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 as a trade journal for members to document their own trades. 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 trade journal services such as tradebench.com, edgewonk.com, tradervue.com, tradingdiarypro.com, stocktickr.com, journalsqrd.com, tradingdiary.pro, mxprofit.com or trademetria.com for quantitative statistical analysis of their trading 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 trade 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.


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


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

##TheStrategyLab Archive Chat Logs

Session Start: Tue Dec 12 09:25:32 2017
Session Ident: ##TheStrategyLab
[09:25:32] * Now talking in ##TheStrategyLab
[09:25:32] * 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'
[09:25:32] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:25:33] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:34:21] <werner1> all
[09:53:16] <wrbtrader> Shorts Emini ES @ 2664.00 -> large size
[09:53:27] <wrbtrader> 10 contracts
[09:54:14] <wrbtrader> Emini ES futures traversing down the range of a prior Long Lower Shadow interval
[09:54:44] <wrbtrader> now hard not to reach the S area (low) of that interval
[09:57:14] <wrbtrader> Emini NQ hard not to do the same...move down the range of a prior Long Lower Shadow interval
[09:57:36] <wrbtrader> Covered all Emini ES Short @ 2664.50 --> - 0.5
[09:57:48] <wrbtrader> too much of a fight
[09:57:54] <wrbtrader> I can always re-enter
[09:59:28] <wrbtrader> trade was not a stop out...
[10:00:02] <wrbtrader> I exited early because of Emini NQ futures price action against its own Long Lower Shadow interval
[10:00:39] <wrbtrader> Long Emini ES @ 2665.50 -> large size
[10:00:50] <wrbtrader> 10 contracts
[10:01:43] <wrbtrader> I didn't initially notice a Long Upper Shadow interval in Emini NQ futures...I only saw the Long Lower Shadow interval
[10:02:10] <wrbtrader> Emini NQ futures moved higher and above the Long Upper Shadow interval
[10:02:16] <wrbtrader> above the R area
[10:02:50] <werner1> mark 2665.50?
[10:03:31] <werner1> esz17 here @2663.00
[10:03:40] <wrbtrader> I'm on the forward contract
[10:03:54] <werner1> ok tx
[10:04:03] <wrbtrader> ESH18
[10:04:15] <werner1> ok
[10:04:49] <wrbtrader> I think expiration of the back contract ESZ17 is this Thursday
[10:05:27] <werner1> yes i think also
[10:05:33] <wrbtrader> Quadruple Witching is Friday
[10:05:55] <wrbtrader> FOMC Annoucement is Wednesday
[10:06:00] <werner1> but where sits the most volume now
[10:06:18] <wrbtrader> Thursday will see the volume switchover
[10:06:27] <werner1> indd
[10:06:54] <wrbtrader> I think its why Emini RTY had a strange inverse price action the other day
[10:07:16] <werner1> why do you take the new contract now?
[10:07:25] <wrbtrader> Russell 2000 has always had a reputation for strange inverse price behavior during expiration week
[10:07:37] <wrbtrader> werner...I've always done that
[10:07:50] <werner1> ok didnt know
[10:11:56] <wrbtrader> Exited all Emini ES Long @ 2665.50 --> 0
[10:12:12] <wrbtrader> Yesterday the contracts of Z7 and H8 had the same number of WRB Hidden GAP intervals
[10:13:00] <wrbtrader> Today the change is moving towards the forward contract of H8 having the WRB Hidden GAP intervals while less in Z7
[10:13:24] <wrbtrader> That could be a reason why I started early in trading the foward contract many years ago
[10:13:37] <wrbtrader> to answer your earlier question
[10:15:26] <werner1> ok tx
[10:15:31] <werner1> difficulty in trading ... I am so full of adrenaline .... this afternoon ..... thief stealing at my wifes store
[10:15:58] <werner1> i saw it on camera at home here
[10:16:28] <wrbtrader> Long Emini ES @ 2666.25 -> large size
[10:16:37] <wrbtrader> In contrast, there seems to be more Long Shadow intervals in Z17 than H18
[10:16:41] <wrbtrader> scaled in
[10:16:51] <wrbtrader> 10 contracts
[10:17:00] <wrbtrader> starting to chop
[10:17:42] <wrbtrader> Had I waited just 10 seconds...I would have saw the chop before entry.
[10:18:43] <wrbtrader> RTY still slowly moving up...struggle still in NQ
[10:19:20] <wrbtrader> unusual WRB pt1 in Emini ES
[10:20:08] <wrbtrader> werner1...do you put both contract charts side by side to see the difference any possible difference in the reaction highs/lows
[10:20:10] <wrbtrader> I do
[10:21:36] <wrbtrader> Its something I learned about 10 years ago from someone that mainly trades only during the week of expiration or Quadruple Witching Week
[10:23:11] <wrbtrader> I'm expecting a lot of volatility on Thursday if we don't get it today or Wednesday
[10:24:26] <wrbtrader> assuming the FOMC announcement is a dud on Weds
[10:26:51] <wrbtrader> That was my error yesterday...i did not do that and then got confused about the price quotes
[10:27:12] <wrbtrader> Also forgot it was Quadruple Witching week (expiration)
[10:28:15] <wrbtrader> Emini NQ trying to move down the range of a recent Long Lower Shadow interval
[10:28:19] <wrbtrader>
[10:28:42] <wrbtrader> Need some help from NQ now
[10:30:24] <wrbtrader> NQ retested the S area of the mentioned interval
[10:30:31] <wrbtrader> now below
[10:31:02] <wrbtrader> Exited all Emini ES Long @ 2666.25 --> 0
[10:31:25] <wrbtrader> Shorts Emini ES @ 2665.75 -> large size
[10:31:40] <werner1> Shorts Emini NQ @ 6382.00
[10:31:53] <wrbtrader> Emini NQ now below that S area on increasing volatility
[10:32:22] <wrbtrader> 10 contracts
[10:32:48] <wrbtrader> Emini ES futures has had more trouble to go Lower than Higher today
[10:33:22] <werner1> Covered all Emini NQ Short @ 6381.00 --> + 1
[10:33:44] <werner1> wrb pt1 3min
[10:34:02] <wrbtrader> Covered all Emini ES Short @ 2666.75 --> - 1
[10:35:33] <wrbtrader> Long Emini ES @ 2667.00 -> large size
[10:36:40] <wrbtrader> I hate getting broker alerts in my window tray because it flashes (blinks multiple times) until I click on it
[10:37:18] <wrbtrader> wish it would just pop up on the screen so that it will remove a extra mouse click to remove it
[10:37:47] <wrbtrader> 10 contracts
[10:37:49] <wrbtrader> scaled in
[10:39:08] <wrbtrader> Overall volatility still poor (low) via the VIX
[10:40:16] <werner1> indd
[10:40:56] <wrbtrader> markets now NOT insync
[10:41:11] <wrbtrader> starting to look like its going to be a losing day for me
[10:41:28] <wrbtrader> most likely I will call it quits early
[10:41:54] <wrbtrader> Thus, won't have time to catch any trade signal late in the afternoon trading session
[10:42:31] <wrbtrader> My biggest losing days have mainly occurred during Quadruple Witching week
[10:46:48] <wrbtrader> I know this is a strange thought but I wonder a lot if all the HYPE involving Bitcoins is diluting trading in stocks and futures
[10:47:10] <wrbtrader> I did searches last night on that issue and couldn't find anything with facts
[10:49:05] <wrbtrader> Exited all Emini ES Long @ 2667.25 --> + 0.25
[10:49:09] <wrbtrader> Still the price action reaction with Emini ES futures...makes less effor to go Up than Down.
[10:49:40] <wrbtrader> exit that trade because I lost my patience
[10:55:19] <wrbtrader> Long Emini ES @ 2668.00 -> large size
[10:55:30] <wrbtrader> 10 contracts
[10:55:57] <werner1> Long Emini NQ @ 6389.00
[10:55:57] <wrbtrader> Eminis increasing volatility together
[10:56:13] <werner1> Exited all Emini NQ Long @ 6394.50 --> + 5.5
[10:56:15] <wrbtrader> volatility movement insync
[10:56:41] <werner1> wrb pt1 2 min
[10:56:47] <wrbtrader> Emini ES slowing down but NQ & RTY volatility still increasing
[10:57:30] <wrbtrader> NQ retesting its most recent reaction high
[10:57:55] <wrbtrader> If it can get back above that reaction high...
[10:58:05] <wrbtrader> Emini ES futurs should follow
[10:58:21] <wrbtrader> If not...a losing trade for me
[10:58:44] <wrbtrader> RTY pull back
[10:58:59] <wrbtrader> now overall volatility has declined more
[11:02:14] <wrbtrader> Emini NQ trying hard to move up the range of its most recent Long Upper Shadow interval
[11:07:44] <werner1> Long Emini NQ @ 6395.50
[11:08:58] <werner1> brr yesterdays hod
[11:09:42] <werner1> Exited all Emini NQ Long @ 6397.00 --> + 1.5
[11:10:30] <wrbtrader> Emini ES futures not keeping pace with Emini NQ up movement above the Long Upper Shadow interval
[11:10:34] <wrbtrader> Its lagging
[11:11:27] <wrbtrader> Emini ES futures now trying to traverse the range of its most recent Long Upper Shadow interval
[11:11:31] <werner1> vola rill decline
[11:11:35] <werner1> still
[11:11:46] <wrbtrader> RTY worst lagging of the Emini futures
[11:13:43] <werner1> brb...
[11:14:09] <wrbtrader> Emini NQ futures still moving higher
[11:16:07] <wrbtrader> Exited all Emini ES Long @ 2668.50 --> + 0.5
[11:25:52] <wrbtrader> Emini ES futures now above the R area (high) of the Long Upper Shadow interval
[11:26:09] <wrbtrader> Too bad it do that when it should have during my Long position
[11:30:12] <wrbtrader> Long Emini ES @ 2670.00 -> large size
[11:30:20] <wrbtrader> scaled in
[11:31:00] <werner1> Long Emini NQ @ 6400.00
[11:31:56] <wrbtrader> Exited all Emini ES Long @ 2670.75 --> + 0.75
[11:32:00] <wrbtrader> Tied to get some out @ 71.25 but no takes or I gave up too soon
[11:32:14] <werner1> Exited all Emini NQ Long @ 6400.00 --> 0
[11:35:10] <werner1> vola incresing
[11:49:07] <wrbtrader> I wish Emini RTY was more involved
[11:50:35] <werner1> Long Emini NQ @ 6402.50
[11:51:53] <werner1> Exited all Emini NQ Long @ 6400.00 --> - 2.5
[11:58:10] <werner1> vola dead again
[11:58:13] <werner1>
[11:58:17] <wrbtrader> agree
[12:02:00] <wrbtrader> Long Emini ES @ 2671.25 -> medium size
[12:02:08] <wrbtrader> 5 contracts
[12:07:05] <wrbtrader>
[12:11:05] <wrbtrader> Hilarious politics and entertainment business
[12:11:50] <wrbtrader> If you're a movie producer or actor and you're accused of sexual assault or harassment...you're guilty and lose your job
[12:12:18] <wrbtrader> In politics...you get to keep your job and can get elected to office
[12:12:31] <wrbtrader> Only a few have chosen to resign
[12:13:09] <wrbtrader> Exited all Emini ES Long @ 2672.50 --> + 1.25
[12:13:16] <wrbtrader> WRB pt1 reached
[12:27:53] <wrbtrader> Shorts Emini ES @ 2671.50 -> medium size
[12:28:49] <wrbtrader> Emini ES broke below the S area of its most recent contracting volatility intervals in the same direction as a volatility spike in Emini RTY futures
[12:29:07] <wrbtrader> now Emini NQ futures joining in
[12:29:11] <werner1> Shorts Emini NQ @ 6395.75
[12:29:29] <wrbtrader> Covered all Emini ES Short @ 2668.75 --> + 2.75
[12:29:36] <werner1> Covered all Emini NQ Short @ 6390.50 --> + 5.25
[12:29:39] <wrbtrader> WRB pt1 reached
[12:30:22] <wrbtrader> another example of how easy trading is when all the Eminis has surging volatility at the same time
[12:31:28] <wrbtrader> I wasn't expecting that volatility spike unless there's breaking news
[12:31:32] <werner1> agree
[12:34:00] <wrbtrader> Emini ES futures now snapback upwards...retracing the Down WRB Hidden GAP interval - 1min chart
[12:40:15] <wrbtrader> contracting volatility now
[12:40:36] <wrbtrader> Shorts Emini ES @ 2670.75 -> small size
[12:40:49] <wrbtrader> 2 contracts
[12:41:12] <wrbtrader> snapback in Emini RTY
[12:42:02] <wrbtrader> Covered all Emini ES Short @ 2671.00 --> - 0.25
[13:30:14] <wrbtrader> My indices are down (no charts) but I'm still able to get futures...broker quotes ok so far
[13:30:22] <wrbtrader> Hope it stays that way
[13:31:01] <wrbtrader> Emini ES setting up for a trade signal but I don't have any confirmation from my SPY or SPX
[13:43:21] <wrbtrader> I'm calling it quits early today...going to protect the little profit I have today
[13:50:47] <werner1> Shorts Emini NQ @ 6383.75
[13:51:18] <werner1> Covered all Emini NQ Short @ 6381.00 --> + 2.75
[13:51:32] <werner1> wrb pt1 3 min
[13:56:25] <werner1> wow nq
[18:06:47] <wrbtrader> Take care all...just got back from some heavy duty snow blowing.
[18:06:57] <wrbtrader> Its a winter storm here
[18:07:02] <wrbtrader> See all tomorrow
[23:53:59] * Disconnected
Session Close: Tue Dec 12 23:53:59 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.


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

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)
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)