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)
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.
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. Exceptions for those that are actively posting via private messages or posting at one of our support forums.
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:
121913-Key-Price-Action-Markets.png [ 509.4 KiB | Viewed 287 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: Thu Dec 19 08:14:58 2013
Session Ident: ##TheStrategyLab
[08:14:58] * Now talking in ##TheStrategyLab
[08:14:58] * 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'[08:14:58] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:14:58] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:26:37] <NDW> KME 9:00 cst - (3)
[09:35:39] <canaandog> good morning
[09:39:34] <NDW> L TF 1 c. 1129.9, exit 1130.3 +4 ticks
[09:41:19] <wrbtrader> Shorts Emini TF @ 1127.20 -> medium size
[09:41:35] <wrbtrader> 2+1+1 contracts
[09:42:33] <wrbtrader> WRB pt1 reached
[09:43:26] <wrbtrader> Covered all Emini TF Short @ 1127.00 --> + 0.2
[09:44:09] <TigermanTrader>
all
[09:46:28] <wrbtrader> Shorts Emini TF @ 1127.60 -> medium size
[09:46:32] <wrbtrader> 4 contracts
[09:46:36] <wrbtrader> re-entry
[09:47:43] <wrbtrader> Covered all Emini TF Short @ 1128.10 --> - 0.5
[09:50:10] <wrbtrader> Shorts Emini TF @ 1127.80 -> large size
[09:50:17] <wrbtrader> 4+2 contracts
[09:50:21] <wrbtrader> re-etnry
[09:51:26] <NDW> S TF 1 c. 1126.8, exit 1126.4 +0.4
[09:56:35] <NDW> KME 4 mins
[09:56:41] <wrbtrader> Covered all Emini TF Short @ 1127.50 --> + 0.3
[09:56:52] <wrbtrader> try to hold that into the KME
[09:56:58] <wrbtrader> market had other plans
[09:57:55] <wrbtrader> Shorts Emini TF @ 1127.40 -> medium size
[09:58:00] <wrbtrader> 4 contracts
[09:58:03] <wrbtrader> re-entry
[10:00:01] <wrbtrader> WRB pt1 reached
[10:02:01] <wrbtrader> WRB pt2 reached
[10:02:46] <wrbtrader> I rolled the dice on that one to stay in the trade for a WRB pt2 after WRB pt1 was reached
[10:04:52] <wrbtrader> contracting volatility
[10:05:30] <wrbtrader> tightning trail stop for a pending volatility spike after the contraction
[10:06:50] <NDW> GC dropping
[10:07:10] <wrbtrader> Covered all Emini TF Short @ 1125.20 --> + 2.2
[10:09:56] <craigaudio> choppy
[10:11:21] <wrbtrader> Yeah...on choppy days with low volatility I need to stay focus and stay away from Emini ES futures...its just poor trading price action in comparison to Emini TF futures
[11:10:54] <t4npaper> oil vol spike
[11:19:30] <TigermanTrader> too contracting price in all instruments
[11:19:41] <TigermanTrader> poor conditions
[11:20:11] <TigermanTrader> 2 min more of this junk and i leave
[11:21:09] <t4npaper> its contracted yeah
[11:21:47] <t4npaper> waiting for a breakout
[11:25:20] <t4npaper> forget it, i'm taking a nap
[11:25:53] <TigermanTrader> take care all
[11:28:04] <t4npaper> ok now it has broke
[11:29:19] <@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.
[12:07:11] <@wrbtrader> Shorts Emini TF @ 1123.60 -> small size
[12:07:25] <@wrbtrader> 1 contract
[12:10:31] <@wrbtrader> Covered Emini TF Short @ 1123.50 --> + 0.1
[12:14:30] <@wrbtrader> Shorts Emini TF @ 1123.80 -> small size
[12:14:38] <@wrbtrader> 2 contracts
[12:14:40] <@wrbtrader> re-entry
[12:22:27] <@wrbtrader> Covered all Emini TF Short @ 1124.50 --> - 0.7
[12:32:03] <@wrbtrader> Shorts Emini TF @ 1123.70 -> small size
[12:32:10] <@wrbtrader> 3 contracts
[12:32:13] <@wrbtrader> re-entry
[12:37:44] <@wrbtrader> WRB pt1 reached
[12:38:59] <@wrbtrader> Gold GC futures and Crude Oil CL futures been having nice increasing volatility the past 5 minutes
[12:39:35] <@wrbtrader> I've obviously traded the wrong trading instrument the past 5 minutes
[12:40:47] <@wrbtrader> Covered all Emini TF Short @ 1123.10 --> + 0.6
[13:41:50] <@wrbtrader> Dollar climbs further on Fed-taper updraft (MarketWatch) @
http://www.marketwatch.com/story/dollar ... atest_news [13:48:00] <@wrbtrader> Shorts Emini TF @ 1124.70 -> small size
[13:48:19] <@wrbtrader> 2 contracts
[13:49:03] <t4npaper> i just dont like this price action
[13:49:45] <@wrbtrader> Its thin
[13:52:10] <t4npaper> i'm out for now
[13:52:33] <@wrbtrader> starting to feel like a boring Friday price action
[13:57:54] <@wrbtrader> Short Light Crude Oil CL futures @ 99.16 small size 3 contracts
[13:59:49] <@wrbtrader> Cover all Crude Oil CL futures @ 99.15 +0.01
[14:00:11] <@wrbtrader> got lost in the forest on that Crude trade
[14:00:33] <@wrbtrader> needed out of it
[14:05:46] <@wrbtrader> this volatility contraction is started to give me a headache...
[14:05:57] <@wrbtrader> It requires to much monitoring
[14:09:48] <@wrbtrader> Covered all Emini TF Short @ 1125.00 --> - 0.3
[14:13:42] <@wrbtrader> Shorts Emini TF @ 1124.70 -> small size
[14:13:51] <@wrbtrader> 3 contracts
[14:13:54] <@wrbtrader> re-entry
[14:17:25] <@wrbtrader> WRB pt1 reached
[14:18:14] <@wrbtrader> meant WRB pt1 (shallow) reached
[14:18:22] <@wrbtrader> small target showed up
[14:18:30] <@wrbtrader>
[14:23:16] <@wrbtrader> WRB pt2 reached
[14:23:31] <@wrbtrader> Covered all Emini TF Short @ 1123.80 --> + 0.9
[14:24:20] <@wrbtrader> volatility too low for my patience
[14:24:33] <@wrbtrader> Take care all and see all tomorrow
Note: There were no further conversations in the chat room by other members after I called it quits for the day.Session Close: Thu Dec 19 18:40:51 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
intradaystrategies@yahoo.com questions@thestrategylab.comGo Back To TheStrategyLab.com Homepage