##TheStrategyLab Price Action Chat Room Logs

Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
Free Trading Room: http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5
Business Hours: 8am - 5pm est (Mon - Fri)
questions@thestrategylab.com (24/7)
http://twitter.com/wrbtrader (24/7)

##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.


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


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: Tue Jul 23 09:19:57 2013
Session Ident: ##TheStrategyLab
[09:19] * Now talking in ##TheStrategyLab
[09:19] * 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'
[09:19] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:19] -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
[09:19] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:20] * TigermanTrader has joined ##TheStrategyLab
[09:20] <Trendtrader> all
[09:25] * canaandog has joined ##TheStrategyLab
[09:25] <canaandog> good morning
[09:27] <MattyR> good morning
[09:29] * diesel_ has joined ##TheStrategyLab
[09:29] <diesel_> all
[09:30] <TigermanTrader> all
[09:30] <gary07>
[09:32] <Trendtrader> Long Emini TF @ 1055.2
[09:32] <Trendtrader> x1
[09:34] <TigermanTrader> news in 30 minutes
[09:34] <TigermanTrader> should move equity markets
[09:34] <TigermanTrader> or it is what I hope
[09:34] <squiggles> Richmond Manufacturing Index KME
[09:35] <TigermanTrader> yes
[09:42] <diesel_> really a no-news Tues
[09:43] <squiggles> CL retracing off S area of 0930 to 0932 WRB Hg
[09:45] <squiggles> CL now at R area of same
[09:47] <MattyR> short CL 106.33
[09:47] <MattyR> 3 contract
[09:48] <MattyR> 1 off +0.1
[09:49] <MattyR> stop 106.32
[09:51] <canaandog> eminis tight range
[09:52] <squiggles> TF and ES 2m charts lacking any direction since the open
[09:55] * winmax60 has joined ##TheStrategyLab
[09:55] <squiggles> Tf now showing some volatility
[09:55] <squiggles> Breaking to new low for day
[09:56] <diesel_> S 1053.1 TF, 1
[09:56] <TigermanTrader> short es 1692
[09:57] <TigermanTrader> chasing too late in entering
[09:57] <TigermanTrader> simply overanalysis
[09:57] <MattyR> flat CL + .01 Trailer
[09:58] <TigermanTrader> exit ES 1692.25 - 0.25
[09:59] <diesel_> out @ -1
[10:00] <TigermanTrader> short es 1691.5
[10:01] <squiggles> GC volatility 2m
[10:02] <TigermanTrader> exit es 1691.25 +0.25
[10:02] <TigermanTrader> early exit
[10:03] <TigermanTrader> short cl 106.33
[10:04] <TigermanTrader> I hope to reach a decent target now
[10:05] <TigermanTrader> exit 106.32 + 1 tick stop pick up
[10:06] <canaandog> short tf 1053.4
[10:06] <TigermanTrader> short es 1690
[10:06] <TigermanTrader> intuition
[10:08] <TigermanTrader> dax move better then us index
[10:08] <TigermanTrader> great vola but also very big size as dollar value to trade
[10:08] <TigermanTrader> dax vs es or tf
[10:10] <squiggles> yes DAX give good moves
[10:10] <TigermanTrader> yep now seems es follow
[10:10] <TigermanTrader> in contrast cl move up in the other way:)
[10:11] <canaandog> cl spike
[10:12] <TigermanTrader> exit es 1689.75 + 0.25
[10:13] <TigermanTrader> at this point I look for a long enter in CL
[10:18] <TigermanTrader> short 106.66
[10:19] <TigermanTrader> seems buyers are gone
[10:20] <TigermanTrader> exit cl 106.6 +6 ticks
[10:20] <TigermanTrader> shallow target
[10:21] <TigermanTrader> price still inside recente wrb hg in cl
[10:22] <diesel_> b TF 1052.6
[10:22] <diesel_> 1
[10:25] <MattyR> short TF 1052.7
[10:25] <MattyR> 3 contract
[10:25] <canaandog> flat tf 1053.2
[10:26] <MattyR> short NQ 3040.25
[10:26] <canaandog> short tf 1053.7
[10:26] <MattyR> 3 contract
[10:26] <canaandog> reentry
[10:26] <diesel_> exit -1.5
[10:26] <canaandog> correction: short tf 1052.7 reentry
[10:26] <TigermanTrader> long cl 106.75
[10:27] <TigermanTrader> my long waited long
[10:27] <TigermanTrader> just scary because equity go the other way
[10:27] <TigermanTrader> contraction showing up
[10:28] <MattyR> BE stops on TF and NQ
[10:29] <MattyR> 1 off NQ 3035.75
[10:29] <TigermanTrader> exit 1/2 cl 106.90 +15 ticks
[10:30] <MattyR> 1 off TF +1.1
[10:31] <TigermanTrader> exit remainder cl 106.87 +12 ticks
[10:31] <MattyR> 1 off TF +2
[10:34] <MattyR> Flat TF 1050.7 +2 Trailer
[10:36] <MattyR> 1 off NQ 3035.00 +5.25
[10:36] <TigermanTrader> dax fall very fast now
[10:39] <MattyR> flat NQ 3033.25 +7 trailer
[10:41] <canaandog> flat tf 1050 wrb pt2 reached
[10:41] <TigermanTrader> long cl 106.90
[10:41] <TigermanTrader> chasing now
[10:41] <TigermanTrader> wanna re-enter lower
[10:41] <canaandog> +27t
[10:42] <TigermanTrader> but some distraction
[10:42] <TigermanTrader> exit cl 106.91
[10:43] <TigermanTrader> + 1 tick
[10:43] <diesel_> WRB -a re you lurking?
[10:47] * Guest37117 is now known as MattR_
[10:48] <TigermanTrader> short es 16887.5
[10:51] <TigermanTrader> iwm/tf moved better
[10:52] <TigermanTrader> es is a big dinosaur
[10:55] <TigermanTrader> exit 1687.5
[10:59] <Trendtrader> Exited all Emini TF Long @ 1050 --> - 5.2
[10:59] * t4npaper has joined ##TheStrategyLab
[11:01] <TigermanTrader> short es 1686.75
[11:01] <TigermanTrader> dax big spike
[11:03] <TigermanTrader> exit es 1686.5 + 1 tick
[11:16] * MattyR Quit
[11:16] <TigermanTrader> short cl 106.74
[11:17] <TigermanTrader> exit cl 106.72 + 2 ticks
[11:17] <TigermanTrader> fast spike
[11:17] <TigermanTrader> late entry
[11:19] <t4npaper> short cl 106.72
[11:19] <YMerUBdx> AAPL earnings after close
[11:21] <YMerUb> frothy indexes: China stimulus speculation
[11:28] <t4npaper> exit 106.87 -.15
[11:29] <t4npaper> dont know why i held so long
[11:29] <t4npaper> stupid
[11:30] <t4npaper> short gc 1333.2
[11:33] <TigermanTrader> take care all see next time
[11:33] * TigermanTrader Quit
[11:41] <t4npaper> exit 1333.9 -.7
[12:17] * wrbtrader has joined ##TheStrategyLab
[12:18] * ChanServ sets mode: +o wrbtrader
[12:18] <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
[12:18] <wrbtrader> 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.
[12:31] <t4npaper> another gc loss, -.8
[12:31] <t4npaper> bad day for this guy
[12:32] <t4npaper> long gc 1335.1
[12:46] <t4npaper> exit 1333.7 -1.4
[12:48] * YMerDx has joined ##TheStrategyLab
[12:49] * YMerUb (~YMer@host86-132-100-153.range86-132.btcentralplus.com) Quit (Ping timeout: 264 seconds)
[12:50] * YMerUB has joined ##TheStrategyLab
[12:50] * YMerUBdx Quit (Ping timeout: 245 seconds)
[13:01] * wrbtrader Quit (Quit: look mom...price action trading without any technical indicators)
[13:14] * wrbtrader has joined ##TheStrategyLab
[13:14] <t4npaper> long cl 107.21
[13:15] <wrbtrader> Tried an "computer cleaning service"...they do house calls and completely cleaned all of my systems.
[13:16] <JetJockBoston> what exactly do they do?
[13:16] <wrbtrader> I was shocked how much dust (sticky dust) they pulled out of my desktops and monitors.
[13:17] <wrbtrader> They open everything up...went inside. Cleaned it all fans, electronics
[13:17] <wrbtrader> One of my desktops that has recently been running hot...its cool as a bird after the cleaning.
[13:18] <JetJockBoston> that's good to know...my place gets pretty dusty along with the computer and monitors...I've just been using the pressurized air - guess that's not enough
[13:22] * ChanServ sets mode: +o wrbtrader
[13:22] <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
[13:22] <wrbtrader> 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.
[13:30] <t4npaper> exit 107.07 -1.4
[13:30] * wrbtrader Quit (Quit: look mom...price action trading without any technical indicators)
[13:30] <t4npaper> cant fing believe it
[13:34] <t4npaper> finishing this month negative will restart my 3 month process into this same strategy
[13:34] <t4npaper> sheesh
[13:46] * wrbtrader has joined ##TheStrategyLab
[13:47] * ChanServ sets mode: +o wrbtrader
[13:47] <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
[13:47] <wrbtrader> 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.
[14:16] <JetJockBoston> Long 5 ES 1689.75
[14:17] <canaandog> gc spike
[14:17] <MattR_> Volatility Spike in Gold GC Futures
[14:27] <JetJockBoston> Bought 5 more ES @ 1689.25
[14:27] <JetJockBoston> tight stop
[14:30] <canaandog> gc still pushing higher
[14:32] <canaandog> gc run began 1415
[14:34] <JetJockBoston> ok, not a fan of this price action, took 5 off @ 1 pt (1690.25)
[14:34] <JetJockBoston> 5 pts total
[14:35] <JetJockBoston> b/e stop on remaining
[14:37] <JetJockBoston> ok, scratch the other 5...stop hit....
[14:38] <canaandog> not sure what triggered it (gc run)
[14:39] <wrbtrader> Long Gold GC @ 1342.80 -> small size
[14:39] <wrbtrader> 2+1
[14:40] <wrbtrader> stole a great entry via 2min chart
[14:41] <wrbtrader> hopefully it holds
[14:41] <wrbtrader> choppy now
[14:44] <wrbtrader> My trading notes show that I'm "more" impatient with my trades in Gold GC futures tahn any other trading instrument.
[14:45] <wrbtrader> That's something I need to fix because I take too many WRB pt1 exits in Gold GC futures
[14:58] <wrbtrader> WRB pt1 (shallow) reached
[15:08] <wrbtrader> WRB pt2 reached
[15:13] <wrbtrader> Exited all Gold GC Long @ 1345.10 --> + 2.3
[15:14] <JetJockBoston> nice...held that one 30+ min
[15:50] <JetJockBoston> Short 10 ES @ 1687.75
[15:58] <JetJockBoston> covered 5 @ 1686.75, scratched 5 @ 1687.75 +2.5 total
[16:31] * Racer_X_ has joined ##TheStrategyLab
[16:32] <wrbtrader> Take care all and see all tomorrow
[16:32] * canaandog Quit (Quit: ~ Trillian Astra - http://www.trillian.im ~)
[16:47] * Racer_X_ has left ##TheStrategyLab
[17:01] * diesel_ Quit (Quit: Page closed)
[17:07] * t4npaper Quit
[18:04] * Disconnected

-------------------------

##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
intradaystrategies@yahoo.com
questions@thestrategylab.com
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