Price Action Trading (no technical indicators)
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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, WRBs, WRB Hidden GAPs, WRB Zone, WRB/WRB Hidden GAP profit targets, Key Market Events, Reaction Highs/Lows, Expanding Volatility) 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 chat room is is primarily designed for you to use as a
trade journal of your WRB Analysis or real-time trades with time stamp archive....giving you a better understanding of your broker statements from one trade to the next trade when you review your 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 to correlate with your broker statements. Therefore, the usefulness of ##TheStrategyLab chat room is determined via
your participation in the chat room.
Also, ##TheStrategyLab chat room is
not designed to be
educational. Simply, members using the chat room are
not there to teach you how to trade and you will
not see me discussing the reasons (strategies) behind my trades within ##TheStrategyLab chat room because those reasons (strategies) are
only discussed with fee-base clients in a different chat room. Yet, if you want ##TheStrategyLab chat room to be educational or more active in discussing whatever it is that you're trading, we highly recommend that you ask trading related questions about your own trading instead of lurking (not saying anything) because your primary purpose is to improve your trading if you're a struggling trader. Therefore, don't join ##TheStrategyLab and then be
silent. To be silent while using ##TheStrategyLab chat room, you'll be wasting a collaboration opportunity for improving your trading and doing such will make ##TheStrategyLab chat room useless to you.
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 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 to the chat room participation rule involves those traders that are actively posting elsewhere at TheStrategyLab.com (e.g. DOKs at their support forum in the public area or within their private threads)...these traders are then allowed to not participate in the chat room if that's what they prefer to do instead of asking for help with real-time WRB Analysis.
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 qualify for access to our free ##TheStrategyLab chat room that's located on the Freenode IRC network...please follow the instructions at the TSL Support Forum
@ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164Attachment:
051214-Key-Price-Action-Markets.png [ 908.9 KiB | Viewed 287 times ]
click on the above image to view today's price action of key markets Session Start: Mon May 12 09:28:57 2014
Session Ident: ##TheStrategyLab
[09:28:57] * Now talking in ##TheStrategyLab
[09:28:57] * 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'[09:28:57] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:28:57] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:35:25] <wrbtrader> Today's KMEs @ 1200pm 1400pm 1845pm est as shown @
http://www.forexfactory.com/calendar.php?day=may12.2014[09:36:07] <wrbtrader> Long Emini TF @ 1112.20 -> large size
[09:36:16] <wrbtrader> 5+1 contracts
[09:38:04] <wrbtrader> Exited all Emini TF Long @ 1111.30 --> - 0.9
[09:40:08] <wrbtrader> Long Emini TF @ 1111.90 -> large size
[09:40:15] <wrbtrader> 4+2 contracts
[09:40:18] <wrbtrader> re-entry
[09:42:01] <wrbtrader> Exited 1/2 Emini TF Long @ 1114.00 --> + 2.1
[09:42:24] <wrbtrader> WRB pt1 reached
[09:44:39] <wrbtrader> WRB pt2 reached
[09:46:19] <wrbtrader> Exited Remainder Emini TF Long @ 1115.90 --> + 4
[09:50:19] <@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.
[09:57:31] <@wrbtrader> Long Emini TF @ 1120.50 -> small size
[09:57:49] <@wrbtrader> 2 contracts
[09:57:52] <@wrbtrader> intuition
[09:58:45] <@wrbtrader> Exited all Emini TF Long @ 1120.70 --> + 0.2
[10:00:00] <@wrbtrader> Long Emini TF @ 1122.00 -> small size
[10:00:08] <@wrbtrader> 2 contracts
[10:00:11] <@wrbtrader> intuition
[10:00:29] <@wrbtrader> WRB pt1 reached
[10:01:10] <@wrbtrader> Nothing up here to use for trade entries...reason why I'm relying heavily on my trade experience.
[10:01:25] <@wrbtrader> for these intuition trades
[10:01:45] <@wrbtrader> Exited all Emini TF Long @ 1122.30 --> + 0.3
[10:02:36] <@wrbtrader> In contrast, the first 10 minutes of the regular trading session contained a lot of good trading information
[10:03:02] <@wrbtrader> After that, it was just an issue of staying in the trade
[10:03:11] <@wrbtrader> from those opening minutes
[10:05:03] <@wrbtrader> Long Emini TF @ 1123.00 -> medium size
[10:05:13] <@wrbtrader> 4 contracts
[10:07:22] <@wrbtrader> Exited all Emini TF Long @ 1124.20 --> + 1.2
[10:07:41] <@wrbtrader> WRB pt1 (shallow) reached
[10:10:42] <@wrbtrader> Emini futures have been straight up without retracing any WRB Hidden GAP below their 1/2 point
[10:14:05] <T4n> maybe the news later today will shake it up
[10:16:29] <T4n> i'm busy updating my comp :/
[10:16:43] <T4n> crashing lately
[10:19:23] <tradermo> short ym 16641
[10:23:55] <@wrbtrader> Its been a very long time since I've seen this type of "straight up" price action in the Emini Futures
[10:27:05] <tradermo> difficult to hop on board, hence lower probability div play
[10:27:48] <@wrbtrader> I've already been shaken out of three long positions before a pt1 was reached...
[10:27:58] <@wrbtrader> one for a loser and two others for small profits
[10:28:39] <@wrbtrader> In contrast, I had two other trades...one caught a WRB pt1 and another a WRB pt2
[10:29:01] <@wrbtrader> both of those difficult to hold
[10:30:42] <tradermo> 1893 ES possible, but ym div surprisingly strong
[10:37:22] <@wrbtrader> Now the volatility contraction has shown up in the Emini Futures...
[10:37:28] <@wrbtrader> moving price action sideways
[10:46:51] <mtntrader> Do you look at this sideways action as a topping area with expected move lower?
[10:47:21] <@wrbtrader> No
[10:47:36] <mtntrader> Thx
[10:47:45] <@wrbtrader> I see it only as a time period to "do nothing"...
[10:48:15] <@wrbtrader> set some audio trend line alerts on the top/bottom range of the sideways price action
[10:48:29] <@wrbtrader> Wait and see time
[10:48:38] <mtntrader> I agree. It could go on for a while.
[10:49:30] <@wrbtrader> Emini NQ now above its most recent reaction high of 1023am est
[10:50:13] <tradermo> back later, keeping ym stop at 16661
[12:44:17] <t4n> TF breaking below range
[12:48:40] <t4n> AD not in sync
[13:03:39] <t4n> ss 1127.1
[13:48:24] <t4n> ls 1129.4
[13:54:01] <t4n> e 1129.6
[13:58:01] <t4n> Treasury Budget
[13:58:02] <t4n> [Report]2:00 PM ET
[14:08:42] <t4n> ls 1130.3
[14:12:29] <@wrbtrader> Long Emini TF @ 1130.90 -> small size
[14:12:40] <@wrbtrader> 1+1 contracts
[14:14:14] <t4n> e 1130.7
[14:17:05] <@wrbtrader> WRB pt1 (shallow) reached but stuck
[14:19:13] <@wrbtrader> Exited all Emini TF Long @ 1130.90 --> 0
[14:19:28] <@wrbtrader> too much contraction for me
[14:20:12] <@wrbtrader> Emini TF is now testing the R area of the most recent Up WRB Hidden GAP on the 1min chart
[14:20:50] <@wrbtrader> I'm looking for a re-entry if it can start to go higher after the retest of that R area
[14:21:07] <Cayden> maybe all 4 indexes will line up together a litte better here soon- don't see a lot of heavy selling
[14:21:45] <@wrbtrader> Long Emini TF @ 1130.80 -> small size
[14:21:54] <@wrbtrader> 3 contracts
[14:21:56] <@wrbtrader> re-entry
[14:25:21] <@wrbtrader> more contraction in the volatility
[14:25:39] <Cayden> yep
[14:27:48] <t4n> ls 1130.9
[14:30:03] <t4n> e 1130.9
[14:30:25] <@wrbtrader> I'm losing my patience on this trade too
[14:31:04] <t4n> nq closed below r area of prio WRBHG
[14:31:16] <@wrbtrader> Exited all Emini TF Long @ 1131.00 --> + 0.2
[14:31:30] <t4n> after teh low vol
[14:31:31] <@wrbtrader>
[14:31:34] <t4n> i didnt want to continue
[14:34:46] <@wrbtrader> volatility now increasing
[14:35:25] <@wrbtrader> not much happening in the other Emini futures
[14:35:33] <@wrbtrader> looks like Emini TF is on its own
[14:36:59] <t4n> AD still not synced
[14:41:11] <tradermo> adding to ym short 16650
[14:52:30] <@wrbtrader> Long Emini TF @ 1133.50 -> small size
[14:52:39] <@wrbtrader> 1 contract
[14:55:24] <@wrbtrader> Exited Emini TF Long @ 1133.70 --> + 0.2
[14:57:07] <@wrbtrader> Treasury Fall Amid Speculation U.S. Economy Improving (Bloomberg) @
http://www.bloomberg.com/news/2014-05-1 ... sales.html [14:58:02] <t4n> nq es trying to join up
[14:58:12] <@wrbtrader> Long Emini TF @ 1133.80 -> small size
[14:58:18] <@wrbtrader> 2 contracts
[14:59:10] <@wrbtrader> So far I've only been catching a few ticks here and there on these Long positions in this afternoon trading session as it continues to move higher
[14:59:49] <@wrbtrader> Eventually I'm just going to call it quits because this is the type of "slow moving" price action that causes the most stress for me
[15:01:17] <@wrbtrader> Exited all Emini TF Long @ 1134.50 --> + 0.7
[15:02:47] <@wrbtrader> Gold Bulls Bet Wrong on Fed Easing (Bloomberg) @
http://www.bloomberg.com/news/2014-05-1 ... ities.html [15:02:58] <@wrbtrader> Take care all and see all tomorrow
[15:03:12] <t4n> seeya
[16:00:45] <tradermo> exit all ym 16644
Session Close: Mon May 12 18:24:49 2014
-------------------------
##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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