Price Action Trading
(no technical indicators)
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along with being a serious professional trading chat room for traders using WRB Analysis
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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)
##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.
The chat room is only for traders learning or applying concepts of WRB Analysis. In addition, traders that use ##TheStrategyLab are required to post either one WRB Analysis price action commentary involving any key concept from the free study guide, 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
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013114-Key-Price-Action-Markets.png [ 535.83 KiB | Viewed 96 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 or private messages) that have been merged together at the end of the trading day.
Session Start: Fri Jan 31 08:43:41 2014
Session Ident: ##TheStrategyLab
[08:43:41] * Now talking in ##TheStrategyLab
[08:43:41] * 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'
[08:43:41] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:43:41] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:45:14] <@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.
[09:30:08] <NickH> GM
[09:32:08] <NDW> VIX 18.76
[09:32:19] <@wrbtrader> Key Market Events Today @ 0945am, 0955am and 1315pm est
[09:33:05] <NickH> Mr. P - Just a quick question...for your WRB's do you use the body or the actual WRB part
[09:33:36] <NickH> or anyone else that has opinion...
[09:33:38] <@wrbtrader> Yes, I use the body because I'm a candlestick chart user
[09:33:59] <@wrbtrader> In the past when I was a bar chart user...I used the entire range of the interval
[09:34:42] <@wrbtrader> Emini futures huge gap down at the open but now trying to power upwards
[09:34:42] <NickH> seems that the body works best for me...so was just wondering
[09:34:56] <@wrbtrader> Will be very impressive up move if it can fill the gap of that size
[09:36:46] <@wrbtrader> Long Emini TF @ 1123.40 -> large size
[09:36:54] <@wrbtrader> 9 contracts
[09:38:21] <@wrbtrader> Long Emini ES futures @ 1767.75 large size 10 contracts
[09:40:20] <@wrbtrader> Exited 1/3 Emini TF Long @ 1123.50 --> + 0.1
[09:40:35] <@wrbtrader> Exit all Emini ES futures @ 1767.75 -0.00
[09:44:22] <@wrbtrader> WRB pt1 reached
[09:45:34] <@wrbtrader> Exited 1/3 Emini TF Long @ 1126.00 --> + 2.6
[09:46:02] <@wrbtrader> that first 1/3 exit was due to a position size problem
[09:46:26] <@wrbtrader> I was too aggressive and went 9 contracts for this type of price action trying to fill in the gap
[09:46:40] <@wrbtrader> Usually I'm around 4 - 6 contracts on trades like this
[09:47:20] <@wrbtrader> That's why I dumped 3 contracts early because it was too much for this type of a price action
[09:47:56] <@wrbtrader> chop showed up in the Emini futures
[09:49:00] <@wrbtrader> goal for this trade is a WRB pt2
[09:54:11] <@wrbtrader> Exited Remainder Emini TF Long @ 1126.00 --> + 2.6
[09:54:54] <@wrbtrader> ##TheStrategyLab Purpose -> -This chat room is for YOU to use as a daily journal of your thoughts or trades involving any key concept from the WRB Analysis free study guide. If you're in here and NOT talking about WRBs, WRB Hidden GAPs, key market events, swing point price actions, strong continuation price actions, WRB Zones...you are not properly using this chat room.
[09:56:25] <@wrbtrader> I'm going to watch closely to see how Emini TF futures behaves at the Up WRB Hidden GAP of 0943am - 0944am est if/when Emini TF futures retraces back to that key price action
[10:00:16] <@wrbtrader> Shorts Emini ES @ 1769.75 -> large size
[10:00:36] <@wrbtrader> 10 contracts
[10:02:06] <@wrbtrader> Covered all Emini ES Short @ 1771.50 --> - 1.75
[10:02:25] <@wrbtrader> Long Emini ES @ 1772.25 -> large size
[10:02:31] <@wrbtrader> 20 contracts
[10:04:24] <@wrbtrader> If the Eminis are going to attempt a GAP fill...they need to do it now because they're starting to chop and develop more contraction in the volatility
[10:04:49] <@wrbtrader> Too much more of this will send them sideways and then downwards
[10:06:11] <robbin_banks> hoping for a reaction on this es 1min HG...
[10:06:12] <NDW> L CL 97.71 1 c. Target 98.05 area
[10:08:01] <@wrbtrader> snap back upwards...more just chop
[10:08:08] <t4npaper> wow, yesterdays close and the overnight were a big chunk down
[10:08:27] <@wrbtrader> Yeah...its an attention getter in the markets this morning
[10:08:46] <@wrbtrader> I can't imagine the big boys sitting on the sidelines only watching...
[10:08:53] <@wrbtrader> They're going to want to get big in this
[10:13:28] <@wrbtrader> Exited all Emini ES Long @ 1773.25 --> + 1
[10:13:38] <@wrbtrader> early exit
[10:14:05] <@wrbtrader> taking a chance that I can catch a re-entry aroujnd 1772.50
[10:16:03] <@wrbtrader> WRB down in Emini YM
[10:16:15] <@wrbtrader> Emini ES below 1772.50
[10:16:24] <@wrbtrader> lets see if a trade signal shows up
[10:20:42] <@wrbtrader> Long Emini ES @ 1772.00 -> large size
[10:20:53] <@wrbtrader> 10 contracts
[10:21:03] <@wrbtrader> big volatility spike in Gold GC futures
[10:21:12] <@wrbtrader> pushing prices downwards
[10:21:19] <t4npaper> large candle forming in GC
[10:21:38] <@wrbtrader> Eminis held their ground during that big spike in Gold GC futures
[10:22:01] <@wrbtrader> Usually key markets takes turn in volatility movements when markets are not insyncy
[10:22:19] <@wrbtrader> snap back in Eminis
[10:22:56] <@wrbtrader> Exited all Emini ES Long @ 1771.50 --> - 0.5
[10:23:07] <@wrbtrader> Had a great entry but it couldn't hold
[10:23:34] <@wrbtrader> A little further down and I become bearish
[10:25:07] <NDW> Flat @ even on CL on time filter stop
[10:26:51] <@wrbtrader> Shorts Emini ES @ 1770.50 -> large size
[10:26:59] <@wrbtrader> 10 contracts
[10:27:24] <@wrbtrader> more volatility contracts is keeping me from increasing my position size
[10:28:11] <@wrbtrader> WRB pt1 reached
[10:30:22] <@wrbtrader> Covered all Emini ES Short @ 1768.25 --> + 2.25
[10:37:03] <@wrbtrader> Emini ES futures now has a confirmed WRB Zone on the 3min chart via the "first WRB Hidden GAP" @ 1021am - 1024am est
[10:37:53] <t4npaper> short GC 1246
[10:40:04] <@wrbtrader> U.S. dollar gains after data; Yen jumps (MarketWatch) @ http://www.marketwatch.com/story/dollar ... atest_news
[10:42:19] <@wrbtrader> Long Emini ES @ 1771.25 -> large size
[10:42:49] <@wrbtrader> Emini ES futures back inside the range of that earlier mentioned WRB Zone
[10:42:54] <@wrbtrader> 10 contracts
[10:43:26] <@wrbtrader> If this retraces further...it could setup a FVB basic signal
[10:43:32] <robbin_banks> short es emini 10 contracts @1770.50
[10:44:01] <@wrbtrader> via a swing point as a WRB Zone instead of the required strong continuation definition #2 WRB Zone
[10:44:42] <@wrbtrader> Exited all Emini ES Long @ 1769.50 --> - 1.75
[10:44:58] <@wrbtrader> Shorts Emini ES @ 1768.75 -> large size
[10:45:15] <@wrbtrader> 20 contracts
[10:45:23] <robbin_banks> coverd all es short @1769.00 +1.5
[10:45:38] <robbin_banks> correction +1.0
[10:45:41] <@wrbtrader> snap back
[10:46:08] <t4npaper> exit gc -.1
[10:46:16] <@wrbtrader> Shorts Emini ES @ 1769.25 -> Add
[10:46:26] <robbin_banks> correction +1.5..sorry guys having a bad day already
[10:46:28] <@wrbtrader> 10 added
[10:48:04] <@wrbtrader> climbing back upwards into the Down WRB
[10:48:08] <robbin_banks> price moving back into 2min es HG zone
[10:48:32] <robbin_banks> correctin 3 min
[10:49:34] <@wrbtrader> We now have sideways price action that I feared would show up if the contraction in the volatility continued
[10:49:51] <@wrbtrader> Covered Emini ES Short @ 1771.50 --> - 5
[10:50:24] <@wrbtrader> Long Emini ES @ 1774.00 -> large size
[10:50:37] <@wrbtrader> 25 contracts
GC made profit target now
[10:51:18] <t4npaper> stop too tight
[10:52:38] <@wrbtrader> volatility spike but now slowing
[10:53:55] <@wrbtrader> Exited all Emini ES Long @ 1774.50 --> + 0.5
[10:54:32] <@wrbtrader> Emini TF already retesting the upper price area of the prior range it was in
[10:56:15] <@wrbtrader> Long Emini ES @ 1774.75 -> large size
[10:56:29] <@wrbtrader> 10+10+5 contracts
[10:57:53] <@wrbtrader> snap backs today are deep
[10:58:04] <@wrbtrader> kill decent profits very fast
[11:04:07] <robbin_banks> long es emini 10 contracts @1774.25
[11:05:22] <@wrbtrader> volatility spike driving price higher
[11:05:30] <robbin_banks> covered all es long @177.2
[11:05:58] <robbin_banks> correction 1777.25 +3.0
[11:07:43] <@wrbtrader> WRB Hidden GAP pt2 reached
[11:08:06] <@wrbtrader> Exited 2/3 Emini ES Long @ 1779.50 --> + 4.75
[11:08:15] <robbin_banks> geez...i left the party too soon ..again!
[11:09:01] <robbin_banks> nice mr p...got your 5 points back
[11:10:08] <@wrbtrader> Exited Remainder Emini ES Long @ 1780.00 --> + 5.25
[11:10:21] <robbin_banks> yeah!!
[11:10:52] <@wrbtrader> That -5 points wasn't as bad as it looked...1/3 of it was via only 10 contracts
[11:11:21] <robbin_banks> great job boss!!
[11:11:42] <@wrbtrader> Thus, I knew I need to get a winner with a full position of at least +4.75 to even out the two trades
[11:12:08] <robbin_banks> well you certainly did it!
[11:12:21] <robbin_banks> was a great trafe
[11:12:34] <robbin_banks> trade..not tafe
[11:13:04] <@wrbtrader> I think now that big gap down at the open has now caught the full attention of most professional traders...
[11:13:25] <@wrbtrader> We as retail traders just need to be patient and follow the volatility trail of their movements
[11:14:41] <robbin_banks> get this..when i logged on this morning i had 1 contract left over from yesterday on the board...es long! was down 2k cayse of that gap to open the day..not sure how that happened
[11:16:29] <t4npaper> scary
[11:18:05] <robbin_banks> mustve been more thn 1 contract though..the mth isnt right..I dont know..just a shock
[11:19:16] <@wrbtrader> Yeah...you need to look at that again and call broker to make sure.
[11:19:34] <robbin_banks> price coming down into 1min es HG
[11:19:35] <@wrbtrader> I've had that happen a few times to me last year in the summer session
[11:19:47] <@wrbtrader> Just think...
[11:20:06] <@wrbtrader> If the broker made the mistake...they will tell you its your fault and you need to eat the loss.
[11:20:16] <robbin_banks> really..well now i dont feel so bad..
[11:20:19] <@wrbtrader> Yet, if the broker made the mistake and you were at a big profit...
[11:20:30] <@wrbtrader> They will break your trade and take it back
[11:20:41] <@wrbtrader> It always works in their favor
[11:20:47] <robbin_banks> sound like my wife!
[11:21:07] <robbin_banks> that sounds just like my wife!
[11:21:53] <robbin_banks> lol..wife = broker
[11:27:17] <robbin_banks> long es 1778.75 5 contracts
[11:29:33] <robbin_banks> correction 5 contracts covered all @1779.75 +1.0
[11:31:01] <@wrbtrader> Just got back
[11:31:31] <@wrbtrader> I took a quick break and try to time it so that I wouldn't miss the next surge upwards
[11:36:24] <t4npaper> i think i'm going to break too
[11:39:23] <@wrbtrader> They've been buying the pullbacks so far
[11:40:33] <@wrbtrader> So far today, everytime I think the contraction in volatility will push prices "sideways"...
[11:40:40] <@wrbtrader> It moves higher
[11:42:05] <@wrbtrader> Long Emini ES @ 1779.75 -> large size
[11:42:12] <@wrbtrader> 10 contracts
[11:42:45] <@wrbtrader> I think price action will now go sideways
[11:47:54] <@wrbtrader> Exited all Emini ES Long @ 1779.75 --> 0
[11:48:13] <@wrbtrader> at least it tried
[11:51:16] <@wrbtrader> Long Emini ES @ 1779.50 -> large size
[11:51:25] <@wrbtrader> re-entry
[11:51:35] <@wrbtrader> 10 contracts
[11:56:47] <robbin_banks> long es 10 contracts @1779.50
[12:00:22] <robbin_banks> covered all es long @1781
[12:00:34] <robbin_banks> 1781.50 correction
[12:02:48] <@wrbtrader> Exited all Emini ES Long @ 1782.25 --> + 2.75
[12:03:14] <@wrbtrader> WRB Hidden GAP pt1 reached
[12:28:51] <robbin_banks> long 1781.00 es..5 contracts
[12:34:59] <robbin_banks> sorry distraction..covered es long ...1779.00
[12:35:02] <robbin_banks> -2.0
[13:15:33] <t4npaper> difficult price action now
[14:09:06] <NDW> See all Monday, have a good weekend.
[14:50:11] <t4npaper> missed some good action around 2pm ..
[14:59:35] <t4npaper> long TF 1133.6
[15:00:48] <@wrbtrader> Shorts Emini TF @ 1133.10 -> small size
[15:01:14] <@wrbtrader> 2 contracts
[15:03:19] <@wrbtrader> Covered all Emini TF Short @ 1132.20 --> + 0.9
[15:03:47] <@wrbtrader> Take care all...good trading day for the end of the month.
[15:03:58] <t4npaper> exit all 1132.1 -1.5
[15:04:09] <@wrbtrader> Have a safe/nice weekend and see all in February
[15:16:14] <robbin_banks> gotta run to guys ...sorry was really distracted today..have a good weekend everyone!!
Session Close: Fri Jan 31 17:36:45 2014
(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
and they're not allowed to do such in ##TheStrategyLab.
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
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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