May 5th - Thursday: #wrbanalysis #wrbhiddengap #wrbzone #volatilityanalysis #correlationanalysis


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wrbtrader
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May 5th - Thursday: #wrbanalysis #wrbhiddengap #wrbzone #volatilityanalysis #correlationanalysis

#1 Post by wrbtrader »

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TheStrategyLab Price Action Trading (no technical indicators)
Free Chat Room: https://www.forum-tsl.thestrategylab.com/viewforum.php?f=3 (see chat logs below)
M.A. Perry a.k.a. wrbtrader (more info about me): http://www.thestrategylab.com/wrbtrader.htm & https://www.forum-tsl.thestrategylab.com/viewtopic.php?t=41
CME Group Trade Against A Pro Futures Challenge: https://www.forum-tsl.thestrategylab.com/viewtopic.php?t=7
TheStrategyLab Reviews: https://www.forum-tsl.thestrategylab.com/viewtopic.php?t=19 & http://www.thestrategylab.com/thestrategylab-reviews.htm
Skype: kebec2002
Business Hours: 8am - 5pm est (Mon - Fri)
wrbanalysis@gmail.com (24/7)
Twitter @ http://twitter.com/wrbtrader (24/7)
Twitter Search Hashtags: #PriceAction, #ES_F, #YM_F, #NQ_F, #volatility, #emini, #futures, #fomc, #VIX, #thestrategylab, #wrbanalysis, #wrbzone #keywrbzone #wrbhiddengap #EconomicCalendar #SPY, #SP500, #MicroEmini, #cmegroup #trading, #daytrading, #swingtrading
Stocktwits @ http://stocktwits.com/wrbtrader (24/7)
TradingView @ https://www.tradingview.com/u/wrbtrader (24/7)


Today's, complete text chat logs below.

##TheStrategyLab primary purpose is for you to use the free chat room as a trade journal of your trades merged with WRB Analysis via you posting your trade fills and/or you talking about 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).
At the minimum, you must be using the WRB Analysis Free Study Guide. In fact, you must verify your understanding and application of WRB Analysis in your trading prior to being allowed entry into the free chat room...no exceptions.

TheStrategyLab free chat room is located on the Libera 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 Zones, WRB/WRB Hidden GAP profit targets, Key Market Events, Reaction Highs/Lows, Expanding Volatility, R area of WRB Zone, S area of WRB Zone, midpoint of WRB Zone and speed of the price action) 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 TheStrategyLab chat room to ask questions about WRB Analysis, post your real-time price action analysis involving WRB Analysis merged with your own trade methods, post real-time trades via WRB Analysis, or talk about general market issues impacting today's price action involving stocks, futures, exchange traded funds or forex currencies as part of your trade journal. In addition, we welcome all traders (beginners, experienced, 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.

Image This is not a signal calling (trade alerts) room. Our free chat room has never been advertised as a trade alerts room and we ban traders for attempting to use our chat room as a signal calling trade alerts room for the purpose to mimic / copy / piggyback / replicate trades posted by any of our members.

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 chat room logs (we use it to provide critical missing info for our broker statements) a part of your trading routine because you will sometimes find useful market context information that's critical to understanding price action trading.
Yet, be aware that many traders (including me) are posting our redacted screenshots of timestamp trade fills in broker trade execution platform and quantitative statistical analysis of the trade performance via WRB Analysis in the private thread section at the forum. For members that have questions about their trading with WRB Analysis, I use their redacted screenshots of timestamp trade fills in their broker trade execution platform and their charts to verify if a trader is correctly using WRB Analysis...is critical info I can not get from their broker statements alone.

Reminder...most users of WRB Analysis do not use the free chat room but they still are posting their DOKs to verify their understanding of WRB Analysis and posting redacted screenshots of timestamp trade fills (simulator or real money) in broker trade execution platform to verify trade performance in their private thread.

To qualify for access to ##TheStrategyLab free chat room that's located on the Libera IRC network...please follow the instructions at the TSL Support Forum @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164

Our disclaimer statement applies to the website, forum, chat room and live screen sharing meeting @ http://www.thestrategylab.com/Disclaimer.htm

050522-TheStrategyLab-Key-Markets.png
click on the above image to view today's price action of key markets

Bloomberg Markets: The Open Full Show (05/05/2022) @ Bloomberg Video: The Open Full Show

[09:42:25] * Now talking in #ThestrategyLab
[09:42:52] <@wrbtrader> Good morning
[10:02:58] <@wrbtrader> my Eurex futures data is down except for the CAC-40
[10:03:05] <@wrbtrader> :(
[10:05:36] <@wrbtrader> Shorts Emini ES @ 4203.50 -> medium size
[10:05:46] <@wrbtrader> 4+1 contracts
[10:05:50] <@wrbtrader> early entry
[10:07:05] <@wrbtrader> Covered all Emini ES Short @ 4206.50 --> - 3
[10:07:25] <@wrbtrader> Shorts Emini ES @ 4204.75 -> medium size
[10:07:36] <@wrbtrader> 5 contracts re-entry
[10:08:05] <@wrbtrader> now pushing below the S area of the Key KME WRB Zone
[10:09:48] <@wrbtrader> Covered all Emini ES Short @ 4198.75 --> + 6
[10:09:55] <@wrbtrader> bailed
[10:10:52] <@wrbtrader> VIX @ 27.89
[10:25:30] <@wrbtrader> price action sitting on yesterday's Key KME WRB Zone
[10:31:00] <@wrbtrader> Shorts Emini ES @ 4189.00 -> medium size
[10:32:54] <@wrbtrader> forgot to mention its 4 contracts
[10:39:22] <@wrbtrader> a little more lower it will be testing the S area of yesterday's Key KME WRB Zone
[10:39:41] <@wrbtrader> Emini YM already below it
[10:43:31] <@wrbtrader> Covered all Emini ES Short @ 4167.50 --> + 21.5
[10:43:53] <@wrbtrader> WRB pt3 reached
[10:44:25] <@wrbtrader> also a trail stop pick pocketed
[10:44:41] <@wrbtrader> Price now back UP to the recent S area
[10:50:22] <@wrbtrader> Dow Jones DOWN -895 points
[10:50:48] <@wrbtrader> That's a big whipsaw from yesterday to today
[10:54:57] <@wrbtrader> VIX @ 30.19
[11:01:28] <@wrbtrader> Emini futures keep navigating back to the most recent S area of the Key KME WRB Zone
[11:02:02] <@wrbtrader> Emini RTY tight trading range on its S area
[12:12:59] <@wrbtrader> Long Emini ES @ 4141.50 -> medium size
[12:13:07] <@wrbtrader> 4 contracts
[12:13:11] <@wrbtrader> poor entry
[12:13:49] <@wrbtrader> CME Group Alert: MARKET EVENT
[12:13:49] <@wrbtrader> E-mini S&P 500 trades down 3% from its previous close
[12:13:49] <@wrbtrader> 1 hour after E-mini S&P 500 trades down 3% from its previous close has shown the most consistent results
[12:13:49] <@wrbtrader> On May 05, 09:42 AM, E-mini S&P 500 price declined 3% from its previous close. This has occured 1 times over the last 12 months.
[12:13:49] <@wrbtrader> 100% (1 out of these 1 times), the price has decreased 1 hour later by an average of 32.0 points. The maximum decrease in price has been 32.0 points.
[12:13:49] <@wrbtrader> 0 times out of 1, the price has increased 1 hour later by an average of 0 points. The maximum price increase has been 0 points.
[12:15:46] <@wrbtrader> Forgot to mention earlier that most brokers have been increasing margin requirements
[12:16:31] <@wrbtrader> because of the market action the past two trading days
[12:21:58] <@wrbtrader> crazy fast moving choppy price action has returned :(
-
[12:27:33] * Now talking in #ThestrategyLab
[12:52:23] <@wrbtrader> Long Emini ES @ 4136.50 -> large size
[12:52:47] <@wrbtrader> 4+2+2 contracts
[13:08:08] <@wrbtrader> Exited all Emini ES Long @ 4166.00 --> + 29.5
[13:08:37] <@wrbtrader> WRB pt3 reached
[13:18:45] <@wrbtrader> Emini ES futures retracing back down towards the R area of the most recent Key KME WRB Zone...same R area I took the recent Long position
[13:54:15] <@wrbtrader> Shorts Emini ES @ 4139.00 -> small size
[13:54:27] <@wrbtrader> 2+1 contracts
[13:55:27] <@wrbtrader> obviously an early entry
[13:55:45] <@wrbtrader> a few points above that R area of the Key KME WRB Zone
[13:57:13] <@wrbtrader> Covered all Emini ES Short @ 4138.50 --> + 0.5
[13:57:34] <@wrbtrader> trail stop pick pocketed on the snapback UP :(
[14:11:03] <@wrbtrader> Shorts Emini ES @ 4138.75 -> small size
[14:11:13] <@wrbtrader> 2 contracts
[14:11:22] <@wrbtrader> early entry
[14:14:43] <@wrbtrader> Covered all Emini ES Short @ 4139.00 --> - 0.25
[14:25:02] <@wrbtrader> Shorts Emini ES @ 4135.00 -> small size
[14:25:10] <@wrbtrader> 2 contracts re-entry
[14:25:35] <@wrbtrader> increasing volatility into this Short...
[14:25:48] <@wrbtrader> In comparison, the prior Short had declining volatility
[14:26:18] <@wrbtrader> I thought it was going to pick up to take prices lower
[14:28:39] <@wrbtrader> Covered all Emini ES Short @ 4134.50 --> + 0.5
[14:28:57] <@wrbtrader> :( another trail stop picked
[14:29:18] <@wrbtrader> Shorts Emini ES @ 4132.00 -> small size
[14:29:29] <@wrbtrader> 2 contracts re-entry
[14:29:47] <@wrbtrader> my Short entries have lower highs in these recent trails
[14:29:50] <@wrbtrader> :(
[14:30:08] <@wrbtrader> volatility spike
[14:30:23] <@wrbtrader> back down to the S area of the Key KME WRB Zone
[14:39:10] <@wrbtrader> Covered all Emini ES Short @ 4126.75 --> + 5.25
[14:39:24] <@wrbtrader> trail stop pick pocketed again
-
[15:11:54] * Now talking in #ThestrategyLab
[15:14:38] <@wrbtrader> Shorts Emini ES @ 4112.50 -> small size
[15:14:45] <@wrbtrader> 3 contracs
[15:14:49] <@wrbtrader> poor entry
[15:16:39] <@wrbtrader> Covered all Emini ES Short @ 4109.50 --> + 3
[15:28:11] <@wrbtrader> Shorts Emini ES @ 4106.00 -> medium size
[15:28:24] <@wrbtrader> 2 contracts
[15:31:42] <@wrbtrader> Covered all Emini ES Short @ 4099.50 --> + 6.5
[15:32:22] <@wrbtrader> random exit (cover)...not a WRB pt1
[15:34:56] * Disconnected
[15:35:17] * Attempting to rejoin channel #ThestrategyLab
[15:35:23] * Rejoined channel #ThestrategyLab
[15:55:00] <@wrbtrader> Long Emini ES @ 4126.25 -> medium size
[15:55:15] <@wrbtrader> 4 contracts intuition
[15:58:01] <@wrbtrader> Exited all Emini ES Long @ 4137.50 --> + 11.25
[15:58:06] <@wrbtrader> weird price action movement...psychotic
[15:58:22] <@wrbtrader> early exit...not a WRB pt1
[15:58:48] <@wrbtrader> I just didn't trust the trade when the strange price action showed up after my entry
[15:59:19] <@wrbtrader> Take care and see you tomorrow

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