Price Action Trading
(no technical indicators)
Phone: +1 708 572-4885
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Business Hours: 8am - 5pm est (Mon - Fri) firstname.lastname@example.org
(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)
##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.
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, one real-time trade or one general trading related 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
073113-Key-Price-Action-Markets.png [ 529.26 KiB | Viewed 93 times ]
click on the above image to view today's price action of key markets Note: Trader conversations below may represent different chat rooms (e.g. ##TheStrategyLab, ##WRB_Analysis, ##VolatilityTradingTSL) that have been merged together at the end of the trading day.
Session Start: Wed Jul 31 08:22:54 2013
Session Ident: ##TheStrategyLab
[08:22:54] * Now talking in ##TheStrategyLab
[08:22:54] * 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'
[08:22:54] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:22:54] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:31:33] <canaandog> gdp number a bit surprising
[08:33:52] <canaandog> qe effect, again
[09:42:27] <@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.
[09:48:27] <MattR_> Next KME is 10:30am Crude Oil Inventories
[09:57:50] <@wrbtrader> Emini futures stuck inside a low volatility tight trading range
[10:00:00] <@wrbtrader> Short Emini TF futures @ 1045.90 large size (10 contracts)
[10:01:10] <@wrbtrader> Shorts Emini ES @ 1687.50 -> large size
[10:01:16] <@wrbtrader> 25 contracts
[10:03:19] <@wrbtrader> Covered all Emini ES Short @ 1686.25 --> + 1.25
[10:03:45] <@wrbtrader> WRB pt1 reached @ 1686.00 but I couldn't grab it
[10:05:54] <@wrbtrader> Emini TF futures now
hard to put in a support area above the most recent WRB Hidden GAP on the 2min chart
[10:06:21] <@wrbtrader> The low of the current interval tested the R area of that most recent WRB Hidden GAP
[10:09:14] <@wrbtrader> Covered 1/2 Emini ES Short @ 1045.30 --> + 642.2
[10:09:35] <@wrbtrader> ooops
[10:09:42] <JetJockBoston> lol...that's a lot
[10:10:05] <@wrbtrader> That's Emini TF futures +0.60
[10:10:16] <@wrbtrader> WRB pt1 (shallow) reached
[10:11:01] <@wrbtrader> Emini TF futures still trying to find some support at that R area
[10:11:30] <@wrbtrader> Covered Remainder Emini ES Short @ 1045.70 --> + 641.8
[10:11:47] <@wrbtrader> Same trade...
[10:12:03] <@wrbtrader> Emini TF futures +0.20
[10:12:45] <@wrbtrader> long upper shadows showing up in this tough low volatility range bound price action
[10:13:26] <@wrbtrader> Key Market Event @ 1030am est via the EIA Petroleum Status Report
[10:14:32] <@wrbtrader> Key Market Event @ 1400pm est via the FOMC Statement
[10:14:56] <@wrbtrader> I'm not expecting a ton of volatility today.
[10:15:18] <@wrbtrader> Not much hype going into the Crude Oil report nor the FOMC announcement
[10:15:40] <@wrbtrader> Yet, I would love to be surprised with a lot of volatility
[10:19:54] <@wrbtrader> Emini TF futures trying to climb the range of a prior long upper shadow on the 3min chart
[10:21:16] <@wrbtrader> Long Light Crude Oil CL @ 103.63 -> small size
[10:21:30] <@wrbtrader> 2+1
[10:29:15] <@wrbtrader> Long Emini TF futures @ 1048.00 medium size (4 contracts)
[10:29:44] <@wrbtrader> took a quick 2 min break for the toilet at the wrong time...
[10:30:00] <@wrbtrader> missed a great entry for the Emini TF current Creeper Up Movement price action
[10:30:46] <@wrbtrader> volatility spike in Crude Oil CL futures
[10:31:36] <@wrbtrader> Exited all Light Crude Oil CL Long @ 103.43 --> - 0.2
[10:32:21] <@wrbtrader> Shorts Light Crude Oil CL @ 103.31 -> medium size
[10:32:40] <@wrbtrader> 2+1+1 contracts
[10:32:53] <@wrbtrader> volatility increasing in Crude Oil CL futures
[10:33:16] <@wrbtrader> I'm now looking for a Houdini Escape out of this Emini TF futures trade that's going nowhere
[10:38:11] <@wrbtrader> Exit all Emini TF futures @ 1048.30 +0.30
[10:38:54] <@wrbtrader> got my Houdini Escape out of that crappy Emini TF futures trade
[10:42:41] <@wrbtrader> Covered all Light Crude Oil CL Short @ 103.30 --> + 0.01
[10:43:14] <@wrbtrader> Crude Oil CL futures retracing back upwards into the range of its most recent Down WRB Hidden GAP...
[10:43:29] <@wrbtrader> now above the S area of that WRB Hidden GAP via the 2min chart
[10:45:56] <@wrbtrader> Crude Oil CL futures now retesting the R area of that same WRB Hidden GAP
[10:58:11] <squiggles> CL at 10 day low and inside range of still open WRB HG 1800 to 1815 of 21st July
[10:58:25] <squiggles> Meant GC sorry
[11:03:33] <canaandog> tf choppy
[11:24:15] <YMerUb> 2:15pm Bernake's last Fed meeting, no Q&A after > may be fizzler mkt reaction
[13:22:27] <@wrbtrader> Emini markets not insync in their price direction.
[13:22:41] <@wrbtrader> Many key markets not insyc with their volatility
[13:23:09] <@wrbtrader> Reminder: I didn't see much hype going into this FOMC announcement.
[13:23:29] <@wrbtrader> Thus, I'm expecting very little volatility.
[13:23:46] <@wrbtrader> Hopefully I'm wrong and if I'm wrong...I'll be ready.
[13:24:01] <@wrbtrader> I love FOMC volatility whenever it shows up
[13:38:08] <canaandog> lost patience with my tf long; out +1t
[13:41:50] <@wrbtrader> FOMC hype now starting to pick up on the major financial networks
[13:42:56] <@wrbtrader> Long Emini TF @ 1044.70 -> medium size
[13:43:05] <@wrbtrader> 4 contracts
[13:43:41] <@wrbtrader> volatility starting to increase in the Emini futures but I don't see the same type of volatility in other key markets
[13:50:09] <@wrbtrader> Short Light Crude Oil CL futures @ 104.53 medium size (4 contracts and a strange fill)
[13:51:47] <@wrbtrader> tighten stoploss proftection
[13:51:58] <@wrbtrader> just in case some surprising volatility shows up
[13:52:26] <@wrbtrader> Emini TF futures WRB pt1 (shallow) reached
[13:52:46] <@wrbtrader> 2 tick WRB pt1...geesh
[13:53:12] <@wrbtrader> meant only 2 ticks above my entry
[14:00:34] <MattR_> Volatility Spike in Gold GC Futures.
[14:00:45] <@wrbtrader> Cover all Light Crude Oil CL futures @ 104.63 -0.10
[14:03:48] <@wrbtrader> Exited all Emini TF Long @ 1046.60 --> + 1.9
[14:04:51] <@wrbtrader> Short Light Crude Oil CL futures @ 104.63 large size (6 contracts)
[14:05:57] <@wrbtrader> Emini TF futures WRB pt1 was reached
[14:06:44] <@wrbtrader> Light Crude Oil CL futures WRB pt1 reached...still holding position in hopes for a WRB pt2 or WRB Hidden GAP pt1
[14:08:28] <@wrbtrader> Cover 1/2 Light Crude Oil CL futures @ 104.33 +0.30
[14:12:32] <@wrbtrader> Cover remainder Light Crude Oil CL futures @ 104.33 +0.30
[14:12:50] <@wrbtrader> WRB pt2 reached
[14:13:15] <@wrbtrader> had my profitable trail 1 tick above the WRB pt2
[14:16:50] <@wrbtrader> Crude Oil CL futures retested the R area of the first WRB Hidden GAP after the FOMC announcement
[14:21:41] <@wrbtrader> Light Crude Oil CL futures back to where it started prior to the FOMC announcement
[14:22:05] <@wrbtrader> Very little volatility via this FOMC announcement as I expected.
[14:22:19] <canaandog> russels too, approx
[14:22:25] <@wrbtrader> Yet, would have been great to see continue volatility increases
[14:22:32] <@wrbtrader> didn't happen
[14:26:16] <@wrbtrader> volatility increasing
[14:30:33] <@wrbtrader> Long Light Crude Oil CL @ 105.30 -> medium size
[14:31:26] <@wrbtrader> Long Emini TF futures @ 1048.00 medium size (4 contracts)
[14:34:51] <@wrbtrader> correction...
[14:35:13] <@wrbtrader> Crude Oil CL entry @ 105.03 (not 105.30)
[14:35:26] <@wrbtrader> we aren't at that price level yet for 105.30
[14:39:51] <@wrbtrader> Exited all Light Crude Oil CL Long @ 105.60 --> + 0.3
[14:40:20] <@wrbtrader> that's +0.03
[14:40:25] <canaandog> good trick
[14:40:44] <@wrbtrader> wish it was +0.30
[14:42:20] <@wrbtrader> Emini TF futures WRB pt1 reached
[14:42:36] <@wrbtrader> target is a WRB pt2 or WRB Hidden GAP pt2
[14:54:30] <@wrbtrader> WRB pt2 reached after the volatility spike
[14:54:48] <@wrbtrader> holding still to see if the volatility continues to increase
[14:59:58] <@wrbtrader> Exit all Emini TF futures @ 1052.00 +4.00 (trail stop pick pocketed)
[15:08:20] <@wrbtrader> I think that's all I'm going to get out of this "low volatility" FOMC announcement.
[15:08:36] <@wrbtrader> Take care all and see all next month (tomorrow)
Session Close: Wed Jul 31 22:15:30 2013
(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
and they're not allowed to do such in ##TheStrategyLab.
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
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)
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