Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
Free Trading Room:
http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5Business Hours: 8am - 5pm est (Mon - Fri)
questions@thestrategylab.com (24/7)
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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, 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 Attachment:
071513-Key-Price-Action-Markets.png [ 534.85 KiB | Viewed 279 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 Jul 15 08:33:03 2013
Session Ident: ##TheStrategyLab
[08:33:03] * Now talking in ##TheStrategyLab
[08:33:03] * 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'[08:33:03] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:33:04] -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[08:33:04] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[08:37:53] <MattR_> g'morning
[09:22:18] <Trendtrader>
all
[09:22:22] <Trendtrader>
all
[09:23:10] <Guest83313_> GM Trendtrader
[09:23:12] <Trendtrader> keeping a close eye on 3min WRB from YD at 15:57
[09:24:24] <Trendtrader>
guest
[09:29:27] * Guest46534_ is now known as king
[09:30:22] * king is now known as Guest71993
[09:33:14] <Trendtrader> Long Emini TF @ 1038.4
[09:33:14] <Trendtrader> x1
[09:36:29] <TigermanTrader>
all
[09:37:38] * Guest71993 is now known as KingSingh
[09:37:47] <diesel_> hey TT and
to al as well
[09:38:07] <diesel_> adn welcome guest 83313
[09:38:33] <diesel_> and tinkug112
[09:38:39] * Guest83313_ is now known as KingSingh1
[09:39:15] <tinkug112> GM Diesel and everyone
[09:40:15] <TigermanTrader> long cl 105.75
[09:42:11] <TigermanTrader> tight stp now
[09:45:14] <TigermanTrader> exit cl at 105.78 + 3 tick
[09:45:19] <TigermanTrader> contracting here in cl
[09:49:39] <@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.
[09:49:47] <diesel_> CL on the mvoe
[09:50:52] <tinkug112> lot of resistence area (WRB to left) for CL it is pushing hard
[09:51:06] <@wrbtrader> Long Emini ES @ 1674.50 -> large size
[09:52:10] <@wrbtrader> Exited all Emini ES Long @ 1674.25 --> - 0.25
[09:52:28] <@wrbtrader> trade error
[09:52:53] <@wrbtrader> 10 contracts
[09:59:31] <TigermanTrader> wrbtrader if you see now we got a fvb short trade in 2 min chart
[09:59:43] <@wrbtrader> In what
[10:00:26] <TigermanTrader> oopps type missing
[10:00:27] <TigermanTrader> dax
[10:00:34] <@wrbtrader> Ok
[10:00:35] <TigermanTrader> my question if it is too early as signal
[10:00:44] <@wrbtrader> too early
[10:00:57] <TigermanTrader> 9:38 9:40 am is the wrb hg
[10:01:07] <@wrbtrader> Shorts Emini ES @ 1674.00 -> large size
[10:01:41] <@wrbtrader> 10 contracts
[10:01:45] <@wrbtrader> re-entry
[10:01:54] <TigermanTrader> I mean my idea of shorting the dax
[10:02:20] <@wrbtrader> Tigerman, not sure what you meant by "too early" or "idea"
[10:02:31] <@wrbtrader> Its either valid or not valid
[10:02:35] <TigermanTrader> v2 9:46-9:48
[10:02:46] <TigermanTrader> v1 9:54-9:56
[10:02:49] <diesel_> ES/NQ/TF/YM in huddle mode
[10:03:06] <TigermanTrader> yep it is valid
[10:04:50] <@wrbtrader> Emini futures starting to show a lot of contracting volatility
[10:06:06] <canaandog> long tf 1037.6
[10:06:24] <@wrbtrader> Covered all Emini ES Short @ 1675.00 --> - 1
[10:06:24] <canaandog> wrb pt1
[10:09:44] <canaandog> flat 1037.9 +3t got greedy; should have taken profit
[10:12:44] <YMerUb> Goldman Sachs cuts its US Q2 GDP estimate: 1.3% to 1.0%
[10:15:06] <@wrbtrader> Long Emini ES @ 1675.00 -> large size
[10:15:18] <MattR_> No more KMEs scheduled for today.
[10:15:45] <@wrbtrader> 10 contracts
[10:17:12] <@wrbtrader> Gold GC futures stuck inside the range of the WRB Hidden GAP of 0936am - 0938am est
[10:19:24] <YMerUBdx> Barclays also cu Q2 t GDP est. bcos Retail Sales: 0.6 to 0.5%
[10:35:31] <TigermanTrader> volatility is dead in most market now
[10:37:15] <@wrbtrader> So far today, very poor volatility in the Emini futures after the regular trading session had begun (0930am est)
[10:40:23] <TigermanTrader> yes volatility is dead in most market now
[10:55:00] <@wrbtrader> Exited all Emini ES Long @ 1675.25 --> + 0.25
[10:56:12] <@wrbtrader> be back later...gave an appointment to go to
[10:57:16] <squiggles> ES in a quandary
[10:57:35] <squiggles> NQ and YM too
[10:59:30] <squiggles> 1000 hrs KME no significant result
[11:02:36] <TigermanTrader> short dax 8228
[11:02:56] <TigermanTrader> just a try to get 1 tick
[11:03:17] <TigermanTrader> simply not easy stay here and not trade
[11:03:44] <squiggles> go to
otherwise eh
[11:05:53] <TigermanTrader> exit dax at 8225 +3 ticks
[11:06:06] <TigermanTrader> just more then 1 tick
[11:06:37] <TigermanTrader> simlpy market is flat too risky hang on
[11:07:12] <diesel_> all rooms soh now
[11:08:25] <squiggles> No more KME today, so anything else going to spark up some volatility
[11:08:57] <TigermanTrader> no
[11:09:48] <TigermanTrader> but breaknews can show up anytime
[11:20:32] <@wrbtrader> I'm back
[11:23:01] <squiggles> CL inreasing volatility
[11:30:16] <TigermanTrader> ho just in time to cl increase vola
[11:30:52] <squiggles> tf
[11:33:28] <TigermanTrader> long cl 105.93
[11:33:33] <TigermanTrader> intuition
[11:36:16] <TigermanTrader> exit cl at 106.10 + 17 ticks
[11:36:52] <squiggles> good timing
[11:39:38] <TigermanTrader> yep
[11:59:02] <t4npaper> long tf 1040.9
[12:03:14] <@wrbtrader> Long Emini ES @ 1677.25 -> large size
[12:03:41] <@wrbtrader> Long Emini ES @ 1577.50 -> Add
[12:03:46] <@wrbtrader>
[12:03:55] <@wrbtrader> 10+15
[12:03:58] <t4npaper> exit half 1041.5
[12:04:15] <t4npaper> not much vol here
[12:07:15] <t4npaper> nice
[12:08:18] * KingSingh1 is now known as Guest83313_
[12:09:56] <t4npaper> oil testing support
[12:10:20] <t4npaper> exit rem +.2
[12:31:56] <TigermanTrader> take care all see next time
[12:53:55] <canaandog> if markets get any slower they'll stop
[13:04:56] <diesel_> this is atypical yes, even for July?
[13:42:41] <diesel_> need to reboot
[14:13:22] <@wrbtrader> Emini futures volatility increasing
[14:14:14] <@wrbtrader> just in time because I was about to take call it quits for the day
[14:15:27] <@wrbtrader> Exited Emini ES Long @ 1678.50 --> + 102.25
[14:15:43] <@wrbtrader> incorrect
[14:15:57] <@wrbtrader> +1 on 15 contracts
[14:16:04] <@wrbtrader> Holding 10 contract remainders
[14:16:22] <@wrbtrader> WRB pt1 reached
[14:18:16] <diesel_> take care
[14:18:42] <diesel_> of the new found volatility
[14:28:34] <@wrbtrader> Heating Oil HO futures plunging southward
[14:29:15] <@wrbtrader> Long Light Crude Oil CL futures @ 106.29 small size
[14:29:30] <@wrbtrader> 3 contracts
[14:30:23] * Guest83313_ is now known as KingSingh1
[14:30:30] <canaandog> not-so-thrilling oil close
[14:35:59] <@wrbtrader> Exit Light Crude Oil CL futures @ 106.42 +0.13
[14:36:13] <@wrbtrader> WRB pt1 reached
[14:56:21] <t4npaper> long gc 1282.8.
[15:02:39] <t4npaper> exit half 1283.6 +.8
[15:04:27] <t4npaper> gc entered into a low vol chop section from earlier
[15:08:38] <t4npaper> exit rem 1283.3 +.5
[15:27:01] <@wrbtrader> Exited all Emini ES Long @ 1677.75 --> + 0.5
[15:27:36] <t4npaper> what chart was that from?
[15:27:48] <@wrbtrader> Its a Emini ES trade
[15:27:58] <t4npaper> oh right, i meant time frame
[15:28:56] <@wrbtrader> 15min ES and SPY
[15:33:29] <@wrbtrader> Hindsight...could'uv waited a little longer for a better entry
[15:41:40] <@wrbtrader> Crude Oil CL futures pushing above its most recent long upper shadow interval
[15:53:36] <@wrbtrader> Long Emini TF @ 1041.70 -> medium size
[15:53:55] <@wrbtrader> 4 contracts
[15:56:13] <@wrbtrader> Exited all Emini TF Long @ 1041.00 --> - 0.7
[15:59:04] <@wrbtrader> Shorts Emini TF @ 1040.40 -> medium size
[15:59:15] <@wrbtrader> 2+2
[15:59:41] <@wrbtrader> Covered all Emini TF Short @ 1040.80 --> - 0.4
[16:02:39] <@wrbtrader> Take care all and see all tomorrow...don't have the time to trade after 4pm est
[16:03:09] <diesel_> gn and thank you
[16:10:54] <canaandog> tomorrow
Session Close: Mon Jul 15 18:28:06 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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