Price Action Trading (no technical indicators)
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##TheStrategyLab (located on the Freenode IRC network) is
free along with being a serious professional trading chat room for traders using
WRB Analysis (e.g. Contracting Volatility, WRB, WRB Hidden GAP, WRB Zone, WRB profit targets, Key Market Events) by itself or merged with other trade methods to improve the performance of those other trade methods regardless if you're a
position trader, swing trader or day trader. Therefore, you're welcome to use the chat room to ask questions about WRB Analysis, post 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 is primarily designed to only be a
trade journal for documentation purposes so that members can have a real time stamp archive of their trades and their market commentaries of each trading day...giving them a better understanding of their broker statements from one trade to the next trade when they review their performance numbers on any given trading day in the past. Therefore, if you use our 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 (journal) to correlate with trades on your broker statements.
Also, if you want ##TheStrategyLab chat room to be
educational for you,
ask questions instead of lurking (not participating in conversations). You can talk about anything related to price action analysis, trade execution, financial markets, economies or news impacting the markets in general.
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 at least one WRB Analysis price action 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 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 log into ##TheStrategyLab chat room that's located on the Freenode IRC network...please follow the instructions here at the
FTCHAT Support Forum @ http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5 or via the the instructions from the
TSL Support Forum @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164 Attachment:
062413-Key-Price-Action-Markets.png [ 534.78 KiB | Viewed 248 times ]
click on the above image to view today's price action of key markets Note: Trader conversations below may represent two different logs (public and private) merged together as one log. Session Start: Mon Jun 24 08:36:09 2013
Session Ident: ##TheStrategyLab
[08:36:09] * Now talking in ##TheStrategyLab
[08:36:09] * Topic is 'Chat room only for traders using WRB Analysis (WRBs, WRB Hidden GAPs, WRB Zones) for day trading, swing trading or position trading. | WRB Analysis free study guide @
http://www.thestrategylab.com/tsl/forum ... 119&t=718'[08:36:09] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:36:09] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[08:44:16] <wrbtrader> Long Gold GC @ 1285.40 -> medium size
[08:44:30] <wrbtrader> 2+2
[08:45:24] <wrbtrader> Trade signal @ 1284.30 but I was too slow to get it because of "overanalysis" of the Creeper Up Movement in Gold GC futures
[08:52:23] <wrbtrader> Exited all Gold GC Long @ 1289.20 --> + 3.8
[08:53:20] <wrbtrader> WRB pt1 reached and most likely will traversed into an exit better than a WRB Hidden GAP pt1
[08:55:16] <@wrbtrader> WRB Analysis -> - Your use of this chat room implies you're using concepts from WRB Analysis for price action trading to help trade either Stocks, Emini Futures (EMD, TF, ES, NQ, YM), EuroFX 6E Futures, Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40, BUND), Treasury Futures (ZF, ZN, ZB), Oil Futures (Brent, CL, HO, QM), Gold GC Futures, Natural Gas NG Futures, Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQ, SPY), Hang Seng HSI Futures, NIFTY Futures, Forex Currencies (GbpUsd, EurUsd, EurYen, UsdCad) and other key market price actions.
[08:57:17] <@wrbtrader> Price action in the markets trying to counter-thrust back upwards against all that NEGATIVE China market news
[08:57:53] <@wrbtrader> Stock futures hit hard as China market melts down (MarketWatch) @
http://www.marketwatch.com/story/stock- ... beforebell [09:01:21] <diesel> nice to see you back YMerUB
[09:03:59] <diesel> is there a prgram that can determine WRBs or is it only done visually?
[09:04:57] <@wrbtrader> I do it visually but if you're a coder and using a programming software...you can easily code it to mark your charts with WRBs and WRB Hidden GAPs.
[09:05:22] <@wrbtrader> I know a few doing such in TradeStation, Metatrader, Esign and CQG.
[09:05:57] <@wrbtrader> I'm sure any other program software can do the same as those programs I mentioned.
[09:08:01] <@wrbtrader> I remember last year someone over at ForexFactory.com and made an audio alert to tell him when a WRB Hidden GAP had formed to prevent him from making missing them when his program marked it on his chart.
[09:08:24] <diesel> thank you; so other than simple WRB, do you ever quantitiate the size of the WRB over the past 3 bars - i.e. 80% or 2x grater/
[09:08:26] <@wrbtrader> I don't remember what program software he was using.
[09:09:08] <diesel> i.e. is bigger better?
[09:09:09] <@wrbtrader> No size beyond WRB body > each interval body of the most recent prior three intervals
[09:09:27] <@wrbtrader> Thus, doesn't matter if such occurred via 1 tick or a million ticks.
[09:09:32] <diesel> txs
[09:09:32] <@wrbtrader> It just needs to be >
[09:09:42] <diesel> gots it!
[09:15:30] <tinkug112> Hello GM everyone
[09:26:25] <MattyR> morning all
[09:34:35] <@wrbtrader> Shorts Emini ES @ 1567.00 -> large size
[09:34:43] <@wrbtrader> 10 contracts
[09:36:36] <@wrbtrader> Covered all Emini ES Short @ 1564.25 --> + 2.75
[09:36:50] <@wrbtrader> WRB pt1 reached
[09:36:54] <@wrbtrader> still an early exit
[09:37:22] <@wrbtrader> There's enough volatility for me to try to capture a WRB pt2 due to the market context of the trading day so far
[09:37:49] <@wrbtrader> anyways, hindsight analysis after exit that I still need to document
[09:46:31] <@wrbtrader> Shorts Emini ES @ 1565.25 -> medium size
[09:46:42] <@wrbtrader> 5 contracts
[09:47:12] <@wrbtrader> Covered all Emini ES Short @ 1566.00 --> - 0.75
[09:47:46] <@wrbtrader> It had increasing volatility into the interval I was shorting...reason why I lowered my position size
[09:48:07] <@wrbtrader> Shorts Emini ES @ 1566.75 -> medium size
[09:48:16] <@wrbtrader> 5 contracts
[09:48:19] <@wrbtrader> re-entry
[09:48:47] <@wrbtrader> correction
[09:49:42] <@wrbtrader> Shorts Emini ES @ 1566.75 -> medium size
[09:50:06] <Trendtrader>
all
[09:50:06] <@wrbtrader> Covered all Emini ES Short @ 1566.75 --> 0
[09:50:19] <Trendtrader> no trades for me today
[09:50:49] <@wrbtrader> Shorts Emini ES @ 1566.25 -> large size
[09:51:00] <@wrbtrader> 10 contracts
[09:51:06] <@wrbtrader> re-entry
[09:51:33] <@wrbtrader> prior two trades were breakeven
[09:51:50] <@wrbtrader> WRB pt1 reached
[09:52:21] <@wrbtrader> Covered all Emini ES Short @ 1563.75 --> + 2.5
[09:55:11] <@wrbtrader> You can send China's institutional traders a "Thank You" letter for today's volatility in the markets.
[09:55:57] <tinkug112> chinese index fell by 5% today
[10:29:06] <@wrbtrader> Yep...scary price drop
[10:29:18] <@wrbtrader> Shook up the international markets very nicely
[10:33:50] <@wrbtrader> volatility still high but slowing down.
[10:34:16] <@wrbtrader> I was hoping it would maintain the pace at least into 11am est
[10:41:08] <@wrbtrader> Gold GC futures still has an unfilled WRB Hidden GAP sitting above via the 2min chart of 0938am - 0940am est (WRB Analysis)
[11:00:57] <squiggles> ES was within 0952 to 0954 WRB HG. Now passes through S area
[11:01:44] <squiggles> Retracing
[11:14:01] <squiggles> Quiet day so far
[11:21:19] <@wrbtrader> Shorts Emini TF @ 939.90 -> medium size
[11:21:25] <@wrbtrader> 4 contracts
[11:23:06] <squiggles> ES new low for the day
[11:25:25] <@wrbtrader> looks like Emini ES was the better trade because its already at WRB pt1
[11:26:02] <@wrbtrader> Covered all Emini TF Short @ 939.60 --> + 0.3
[11:31:34] <squiggles> Tf Es breaking higher,
[12:02:46] <@wrbtrader> Shorts Emini TF @ 941.40 -> medium size
[12:02:55] <@wrbtrader> 5 contracts
[12:03:30] <@wrbtrader> snap back
[12:05:24] <@wrbtrader> Overall volatility still declining...
[12:05:31] <@wrbtrader> Will look only for a WRB pt1
[12:11:32] <@wrbtrader> Covered all Emini TF Short @ 939.30 --> + 2.1
[12:11:38] <@wrbtrader> WRB pt1 reached
[12:14:57] <@wrbtrader> Light Crude Oil CL futures has been quietly putting in higher lows above its UP WRB Hidden GAPs
[12:16:40] <canaandog> yes, CL approx at hod again
[13:11:59] <t4npaper> long tf 942.5
[13:12:47] <t4npaper> exit 943.4 +.9
[13:12:59] <t4npaper> thats what i like, fast pt
[13:13:07] <t4npaper> no stress
[13:14:44] <MattR_> Volatility Spike in Crude Oil CL Futures.
[13:15:13] <MattR_> Likely WRB HG in Crude Oil CL Futures from 1:12-1:14.
[13:27:25] <canaandog> eminis retracing recent spike
[13:29:03] <canaandog> cl haning onto gains so far
[13:30:33] <t4npaper> long tf 944.8
[13:32:28] <t4npaper> volatility into 130
[13:35:47] <t4npaper> tf vol is dieing
[13:35:56] <t4npaper> see if it pops...
[13:37:24] <@wrbtrader> Long Emini TF @ 944.60 -> small size
[13:37:47] <@wrbtrader> dead volatility usually sets up volatility spike
[13:38:08] <@wrbtrader> Yet, this is mid-day trading session...
[13:38:32] <@wrbtrader> best to take a WRB pt1 whenever it appears because this time of day is most likely to have those snap backs
[13:39:00] <t4npaper> exit 945.9 +1.1
[13:39:05] <t4npaper> good idea
[13:39:08] <@wrbtrader> Exited all Emini TF Long @ 946.00 --> + 1.4
[13:39:18] <@wrbtrader> WRB pt1 reached
[13:39:21] <@wrbtrader> 2 contracts
[13:44:07] <canaandog> eminis since 1220 been in somewhat noisy uptrend
[13:46:52] <t4npaper> there has been more midday volatility last week and now in minis
[13:47:00] <t4npaper> more than im used to seeing
[14:11:04] <canaandog> wow - lot of upward pressure
[14:11:55] <t4npaper> yeah, gc, cl, minis
[14:16:31] <canaandog> apparently fed officials made remarks about china sellof
[14:20:08] <@wrbtrader> Long Emini ES @ 1575.00 -> small size
[14:20:19] <@wrbtrader> 3 contracts
[14:20:24] <t4npaper> long gc 1287.7
[14:21:56] <@wrbtrader> Exited all Emini ES Long @ 1576.25 --> + 1.25
[14:22:20] <@wrbtrader> late entry = no wiggle room to stay in the trade
[14:22:23] <t4npaper> exit 1287.3 -.4
[14:22:23] <t4npaper> i cant afford the stop size of this trade, early exit
[14:24:35] <t4npaper> long gc 1287.6
[14:29:03] <t4npaper> 230 here
[14:32:31] <t4npaper> exit 1287.2 -.4
[14:37:26] <t4npaper> may try once more
[14:40:04] <t4npaper> long 1287.5
[14:40:08] <t4npaper> last try
[14:42:26] <t4npaper> exit 1288.4 +.9
[15:43:36] <@wrbtrader> WRB Analysis -> - Chat room for day traders, swing traders, position traders using concepts from WRB Analysis such as contracting volatility, key market event (KME), reaction high/low, WRB, WRB Hidden GAP, WRB Zone, WRB pt levels to help improve understanding of the price action their trading and/or improve the performance of their trade signal strategies while price action trading. WRB Analysis free study guide @
http://www.thestrategylab.com/tsl/forum ... =119&t=718 or
http://www.twileshare.com/user/wrbtrader [15:43:53] <t4npaper> rush hour
[15:57:27] <@wrbtrader> Shorts Emini TF @ 948.30 -> large size
[15:57:34] <@wrbtrader> 4+2
[15:57:54] <@wrbtrader> very little volatility
[16:00:15] <canaandog> disappointing close
[16:01:09] <@wrbtrader> WRB pt1 reached
[16:03:01] <@wrbtrader> Covered 1/2 Emini TF Short @ 946.80 --> + 1.5
[16:03:01] <canaandog> tomorrow
[16:06:24] <@wrbtrader> Holding the remainders while deciding about a swing trade...still doing analysis
[16:10:48] <@wrbtrader> Covered all Emini TF Short @ 948.10 --> + 0.2
[16:11:12] <@wrbtrader> trail stop hit...decision made for me
[16:14:18] <@wrbtrader> Take care all and see all tomorrow
Session Close: Mon Jun 24 18:10:44 2013
-------------------------
##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 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
ICE Emini TF Futures (formerly CME ER2)
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 and Usd/Cad
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
Also, to prevent the usual mix-up about our different chat rooms, most of our fee-base clients do not use chat rooms just like most retail traders do not use chat rooms. Yet, the few clients that do use chat rooms, our fee-base clients are discussing market analysis or
price action only trade signals via concepts from our strategies in the
private chat rooms called
##VolatilityTradingTSL or
##WRB_Analysis and they're not allowed to do such in ##TheStrategyLab.
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, offending or too far in the off topic area that's a distraction when the commentary was posted.
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)
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
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