##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: Mon Nov 04 09:02:03 2013
Session Ident: ##TheStrategyLab
[09:02:03] * Now talking in ##TheStrategyLab
[09:02:03] * 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'
[09:02:03] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:02:03] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:09:56] <wrbtrader> Key Market Events today @ 1000am, 1140am and 1600pm est
[09:13:54] <@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.
[09:19:53] <NDW> good morning all
[09:29:05] <TigermanTrader> all
[09:36:02] <TigermanTrader> sh ES 1761.75
[09:36:42] <TigermanTrader> exit ES 1/2 1761.25
[09:36:52] <TigermanTrader> +2tk
[09:37:25] <TigermanTrader> sell pressure seems increase
[09:37:49] <@wrbtrader> Key markets lost
[09:38:06] <TigermanTrader> but sometimes I spot that soon buyers show up
[09:40:28] <TigermanTrader> exit remainder ES 1760.75 +4tk wrb pt1 reached
[09:41:26] <TigermanTrader> volatility is still very low
[09:43:03] <@wrbtrader> Shorts Emini ES @ 1760.25 -> large size
[09:43:22] <@wrbtrader> 10 contracts
[09:44:17] <@wrbtrader> Short Emini TF futures @ 1097.00 small size 3 contracts
[09:45:12] <TigermanTrader> sh es 1760.5
[09:46:37] <TigermanTrader> exit ES 1/2 1760 +2tk
[09:47:07] <@wrbtrader> Cover all Emini TF futures @ 1096.70 +0.30
[09:48:14] <canaandog> good morning
[09:49:17] <@wrbtrader> Covered all Emini ES Short @ 1759.75 --> + 0.5
[09:50:34] <TigermanTrader> exit remainder ES 1759.75 +3tk
[09:51:03] <@wrbtrader> I'll remain sideline and watching only. I don't like this type of price action.
[09:52:14] <@wrbtrader> In contrast, Emini NQ futures still in a nice looking strong continuation down movement.
[09:52:48] <TigermanTrader> sh es 1759.5
[09:53:06] <@wrbtrader> Light Crude Oil CL futures and Gold GC futures still ing after the start of the 0930am est session.
[09:54:36] <TigermanTrader> exit all es 1760 -2tk
[09:56:29] <TigermanTrader> sh es 1759.5
[09:56:40] <TigermanTrader> same entry as before
[09:57:32] <TigermanTrader> exit 1/2 es 1758.5 +4tk
[09:58:50] <TigermanTrader> exit remainder es 1758.5 +4tk
[09:59:04] <TigermanTrader> oil try move higher
[10:04:12] <@wrbtrader> Long Gold GC @ 1320.40 -> small size
[10:04:26] <@wrbtrader> 2 contracts
[10:06:14] <TigermanTrader> sh es 1758.5
[10:11:43] <TigermanTrader> exit all es 1758 +2tk
[10:11:59] <TigermanTrader> price not move fast as i like
[10:15:47] <TigermanTrader> long es 1758.5
[10:16:05] <TigermanTrader> maybe a little bit early as entry
[10:16:41] <canaandog> long tf 1096.7; flat 1096.8 tight trail hit
[10:22:33] <TigermanTrader> exit all es 1758.75 +1tk
[10:22:48] <TigermanTrader> early exit lost patience in wait
[10:23:32] <NDW> zzzzz....
[10:29:05] <@wrbtrader> Exited all Gold GC Long @ 1318.40 --> - 2
[10:31:37] <canaandog> long tf 1098.6
[10:31:41] <NDW> volatility coming into eminis
[10:33:16] <canaandog> wrb pt1
[10:37:04] <canaandog> wrb pt2 (both modest)
[10:40:10] <TigermanTrader> in these low vola times also small wrb pt is wellcome by me canaandog
[10:40:41] <canaandog> flat tf 1100.1 = +15t
[10:40:54] <canaandog> perhaps should have held, but burned too often by retraces
[10:44:47] <@wrbtrader> Long Emini TF @ 1100.70 -> small size
[10:45:08] <@wrbtrader> 3 contracts
[10:47:30] <NDW> TF out of sync with other 3 cousins
[10:48:46] <TigermanTrader> lg es 1760.5
[10:50:23] <@wrbtrader> Exited all Emini TF Long @ 1102.10 --> + 1.4
[10:52:45] <TigermanTrader> exit es 1760 -2tk
[10:53:04] <TigermanTrader> sh 1759.25
[10:56:45] <TigermanTrader> exit es 1758.5 +3tk
[10:58:29] <@wrbtrader> Shorts Emini ES @ 1758.50 -> large size
[10:58:45] <@wrbtrader> 10 contracts
[10:59:55] <@wrbtrader> WRB pt1 reached
[11:00:27] <@wrbtrader> Covered all Emini ES Short @ 1756.50 --> + 2
[11:01:09] <@wrbtrader> Take care all...I'm done for the day. See all tomorrow.
[11:01:37] <TigermanTrader> take care
[11:01:43] <NDW> ok, tomorrow
[11:10:50] <TigermanTrader> sh es 1756.5
[11:12:41] <TigermanTrader> ex es 1757.5 -4tk
[11:18:44] <NDW> VIX is dropping in the session now
[11:27:45] <TigermanTrader> simply invitation to avoid trading now
[11:29:08] <NDW> This chop will eat your account up. I haven't had a trade today. Conflicting signals in my system have prevented taking an entry.
[11:29:50] <NDW> If I had overrode my entry signals, I would be at one win and one loss for about breakeven.
[11:32:16] <TigermanTrader> yeah I fight with temptetion to overtrade x loing time
[11:32:28] <TigermanTrader> long time
[11:32:48] <TigermanTrader> avoid trading is not easy
[11:33:12] <TigermanTrader> but resist when not good signals is an edge in itself
[11:37:45] <NDW> The way I look at it is that my system worked because it kept me out of a low percentage trade, as opposed to it prevented me taking an entry.
[11:51:17] <NDW> It is a change of mindset to a more defensive posture as opposed to an eager posture. I have found myself in the past being more aggressive in wanting to take an entry instead of looking at what reality was telling me.
[11:52:04] <NDW> When I started keeping stats on impulse/intuition trades versus my system trades is when I was able to not take those marginal setups and rely on my rules.
[12:01:44] <TigermanTrader> yep get rid of impluse trade was a long term fight for me
[12:02:04] <TigermanTrader> and revenge trade was also worst
[12:02:16] <TigermanTrader> and try to recup add size
[12:02:38] <TigermanTrader> now I try to avoid all that not so nice thing
[12:03:36] <NDW> all are deadly habits/traits to have - maybe the worst of those is when they actually work and give you a sense of false security for the next time you take an impulse/revenge trade. I have learned the hard way to avoid them at all costs.
[13:08:58] <TigermanTrader> take care all see all next time
Session Close: Mon Nov 04 22:43:36 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)
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