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:
102913-Key-Price-Action-Markets.png [ 532.48 KiB | Viewed 275 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: Tue Oct 29 09:23:46 2013
Session Ident: ##TheStrategyLab
[09:23:46] * Now talking in ##TheStrategyLab
[09:23:46] * 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'[09:23:46] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:23:46] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:26:40] <canaandog> good morning
[09:26:48] <TigermanTrader>
all
[09:27:04] <TigermanTrader> hi canaandog
[09:28:33] <canaandog> hi tiger
[09:29:46] <NDW> good morning all
[09:32:40] <wrbtrader> Oil profits lift Europe shares, dollar gains ahead of Fed (Reuters) @
http://www.reuters.com/article/2013/10/ ... 0E20131029 [09:33:50] <wrbtrader> Long Emini ES @ 1762.50 -> large size
[09:34:09] <wrbtrader> 10 contracts
[09:34:28] <wrbtrader> Long Emini ES @ 1762.50 -> Add
[09:34:35] <wrbtrader> 5 added
[09:37:11] <wrbtrader> Exited all Emini ES Long @ 1763.00 --> + 1
[09:37:25] <wrbtrader> +0.50 each
[09:47:14] <wrbtrader> KME Today @ 1000am est and tomorrow is FOMC Statement day
[10:02:16] <TigermanTrader> hello
[10:02:53] <TigermanTrader> ISP was down before
[10:05:53] <wrbtrader> IWM trying hard to fill the gap
[10:21:16] <wrbtrader> The markets are NOT insync
[10:21:30] <wrbtrader> Stay on the sidelines or lower position size.
[10:32:37] <wrbtrader> Long Emini ES @ 1762.25 -> large size
[10:32:46] <wrbtrader> 10 contracts
[10:41:09] <wrbtrader> Exited all Emini ES Long @ 1762.00 --> - 0.25
[10:41:16] <wrbtrader> volatility dried up
[10:42:36] <wrbtrader> Volatiltiy not insync within the key markets
[10:42:48] <wrbtrader> everybody kind'uv doing their own thing
[10:43:55] <NDW> that is the norm the past 8 trading days, looking forward to this market getting back to "normal"
[10:48:28] <TigermanTrader> this year volatility is gone
[10:48:44] <TigermanTrader> also similar in 2003-2007
[10:49:48] <TigermanTrader> but this year stay very low most of the time
[10:49:56] <wrbtrader> In low volatility trading conditions like this...
[10:50:02] <TigermanTrader> hard to trade
[10:50:18] <wrbtrader> Best trade times are usually when the VIX is ABOVE 15
[10:50:42] <NDW> I don't expect the Fed to give any hint on tapering QE tomorrow, what do you guys think?
[10:50:44] <wrbtrader> Anything less we're trading in HIGH RISK conditions
[10:51:34] <TigermanTrader> yeah we have to print in front of the screen those levels
[10:52:34] <TigermanTrader> when time I wanna research if asian like HSI it is still better of suffer same low vola
[10:59:45] <wrbtrader> Shorts Emini ES @ 1759.75 -> large size 10 contracts
[11:03:06] <NDW> S Tf 1114.8 = stopped at even 1 c.
[11:06:04] <wrbtrader> Short Emini TF futures @ 1115.20 medium size 5 contracts
[11:09:52] <wrbtrader> Exit all Emini TF futures @ 1115.60 -0.40
[11:09:55] <NDW> Dang this market....
[11:10:19] <wrbtrader> Covered all Emini ES Short @ 1751.75 --> - 2
[11:11:38] <wrbtrader> Shorts Emini TF @ 1115.50 -> medium size
[11:11:49] <wrbtrader> 5 contracts re-entry
[11:12:40] <wrbtrader> Short Emini ES futures @ 1761.75 large size 15 contracts
[11:13:58] <wrbtrader> Emini TF tried hard on the volatility increase but it has now dried up
[11:21:20] <wrbtrader> Covered all Emini TF Short @ 1115.10 --> + 0.4
[11:22:19] <wrbtrader> Eminis still struggling with being insync on their volatility movement
[11:25:03] <wrbtrader> Exit Emini ES futures @ 1762.50 -0.75
[11:28:05] <wrbtrader> Shorts Emini TF @ 1114.70 -> medium size
[11:28:27] <wrbtrader> 5 contracts
[11:33:59] <wrbtrader> Covered all Emini TF Short @ 1113.60 --> + 1.1
[11:34:40] <TigermanTrader> good pick up
[11:34:46] <wrbtrader> Short Emini ES futures @ 1761.75 large size 15 contracts
[11:34:56] <TigermanTrader> ES do not move before
[11:35:22] <wrbtrader> not sure how Emini ES futures can stay up like this while Emini TF is increasing volatility on down ticks
[11:35:44] <wrbtrader> WRB pt1 was reached on the Emini TF trade
[11:39:16] <wrbtrader> Cover all Emini ES futures @ 1760.75 +1.00
[11:39:25] <wrbtrader> WRB pt1 reached
[11:58:59] <TigermanTrader> take care all see next time
[12:33:44] <wrbtrader> Long Emini ES @ 1764.50 -> large size
[12:34:09] <wrbtrader> 10 contracts
[12:35:11] <wrbtrader> volatility was increasing...I could have gone up on the position size
[12:35:39] <wrbtrader> It has since slowed down
[12:56:09] <@wrbtrader>
[12:56:11] <@wrbtrader> geeesh
[12:56:32] <@wrbtrader> Exited all Emini ES Long @ 1765.25 --> + 0.75
[12:57:10] <@wrbtrader> WRB pt1 shallow reached @ 1765.50 but wasn't able to grab it.
[12:57:45] <@wrbtrader> Understanding ##TheStrategyLab -> - Archive chat logs are stored @
http://www.thestrategylab.com/ftchat/forum/ and you can understand some of the words (e.g. Key Market Event, Contracting Volatility, WRB, WRB Hidden GAP, WRB Zone, WRB pt levels) being used here in the chat room for price action trading via the WRB Analysis free study guide @
http://www.thestrategylab.com/tsl/forum ... =119&t=718 [14:46:59] <@wrbtrader> Long Emini TF @ 1115.90 -> medium size
[14:47:06] <@wrbtrader> 3+1 contracts
[14:51:36] <@wrbtrader> Long Emini ES futures @ 1765.50 large size 10 contracts
[14:51:44] <@wrbtrader> 10 contracts
[15:01:14] <@wrbtrader> Exit Emini ES futures @ 1765.00 -0.50
[15:01:37] <@wrbtrader> Exited all Emini TF Long @ 1115.30 --> - 0.6
[15:03:19] <@wrbtrader> Long Emini ES futures @ 1764.75 large size 10 contracts
[15:03:27] <@wrbtrader> re-entry
[15:03:55] <@wrbtrader> Long Emini TF @ 1115.80 -> medium size
[15:04:06] <@wrbtrader> 4 contracts re-entry
[15:17:23] <@wrbtrader> Exited all Emini TF Long @ 1117.10 --> + 1.3
[15:17:27] <@wrbtrader> Exit Emini ES futures @ 1765.00 +0.25
[15:17:40] <@wrbtrader> WRB pt1 reached in Emini TF futures
[15:18:00] <@wrbtrader> In contrast, I dumped Emini ES futures because it wasn't keeping pace with Emini TF futures
[15:18:31] <@wrbtrader> will look for a re-entry into Emini ES if it decides to chase down Emini TF
[15:19:03] <@wrbtrader> Long Emini ES @ 1765.25 -> large size
[15:19:16] <@wrbtrader> 10 contracts re-entry
[15:20:46] <@wrbtrader> Maybe all those new highs in the S&P 500 the past week of trading has exhausted the index
[15:21:32] <@wrbtrader> amazing to see it outpaced like this today
[15:24:48] <@wrbtrader> Exited all Emini ES Long @ 1763.75 --> - 1.5
[15:25:21] <@wrbtrader> increasing volatility
[15:29:12] <@wrbtrader> Long Emini ES @ 1764.25 -> large size
[15:29:31] <@wrbtrader> 20+10 contracts
[15:29:36] <@wrbtrader> volatility increasing
[15:31:29] <@wrbtrader> tough trade considering how the S&P 500 has had a "poor performance" whenever the other indexes begin pushing higher on volatility
[15:35:14] <@wrbtrader> Emini ES snaps back 3 ticks versus Emini TF 2 tick pullback a minute ago
[15:37:35] <@wrbtrader> Long Emini TF futures @ 1116.9 large size 10 contracts
[15:40:15] <@wrbtrader> Exit 1/2 Emini TF futures @ 1117.40 +0.50
[15:46:37] <@wrbtrader> Exit remainder Emini TF futures @ 1118.10 +1.20
[15:46:57] <@wrbtrader>
[16:00:02] <@wrbtrader> Exited 2/3 Emini ES Long @ 1766.75 --> + 2.5
[16:00:27] <@wrbtrader> Exited Remainder Emini ES Long @ 1767.00 --> + 2.75
[16:00:53] <NDW> nice finish to a strange price action day
[16:01:55] <@wrbtrader> Yeah, some of the strangest price action within the general indices I've seen in many many years.
[16:03:05] <@wrbtrader> Big boys (institutions) having problems communicating with each other
[16:03:18] <@wrbtrader> Take care all and see all tomorrow
[16:20:38] <NDW> tomorrow friends
Session Close: Tue Oct 29 18:45:03 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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