Price Action Trading (no technical indicators)
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##TheStrategyLab (located on the Freenode IRC network) is
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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
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highly recommended you post messages that reflect what you see in the price action on your monitors so that the chat room becomes your
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your participation in the chat room.
Also, ##TheStrategyLab chat room is
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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
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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:
060514-Key-Price-Action-Markets.png [ 1.15 MiB | Viewed 279 times ]
click on the above image to view today's price action of key markets Session Start: Thu Jun 05 09:29:29 2014
Session Ident: ##TheStrategyLab
[09:29:29] * Now talking in ##TheStrategyLab
[09:29:29] * 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'[09:29:29] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:29:29] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:34:54] <Tigerman__>
all
[09:35:11] <Tigerman__> markets unsync
[09:36:01] <tradermo> short ym 16750
[09:37:50] <wrbtrader> There was an unusal amount of volatility in the pre-market (before 0930am est) for the Emini futures
[09:38:04] <wrbtrader> Hopefully it doesn't dry up now
[09:40:12] <wrbtrader> Volatility to do with the ECB cutting its deposit rate below ZERO and U.S. Unemployment claims report
[09:40:46] <Tigerman__> yeah they are desperate
[09:41:08] <wrbtrader> U.S. Stock Futures Gain on ECB Decision Before Jobs Data (Bloomberg) @
http://www.bloomberg.com/news/2014-06-0 ... e-ecb.html[09:41:51] <wrbtrader> Shorts Emini TF @ 1130.40 -> medium size
[09:41:52] <tradermo> exit half ym 16734
[09:42:14] <wrbtrader> 2+2 contracts
[09:42:40] <Tigerman__> sh iwm 12.51 intuition
[09:42:45] <wrbtrader> Covered all Emini TF Short @ 1130.60 --> - 0.2
[09:43:04] <Tigerman__> exit all 12.50 +1tk
[09:43:34] <tradermo> exit remaining 16750
[09:44:13] <wrbtrader> Shorts Emini TF @ 1131.80 -> large size
[09:44:23] <wrbtrader> 6 contracts
[09:44:25] <wrbtrader> re-entry
[09:45:22] <wrbtrader> Covered 1/2 Emini TF Short @ 1131.30 --> + 0.5
[09:45:38] <wrbtrader> Covered Remainder Emini TF Short @ 1131.60 --> + 0.2
[09:45:42] <Tigerman__> lg iwm 12.68
[09:45:53] <wrbtrader> volatility slowly declining
[09:45:58] <tradermo> long ym 16744
[09:46:27] <Tigerman__> exit all iwm 112.71 +3tk
[09:46:44] <Tigerman__> just moving my trail and poick up fats
[09:47:48] <wrbtrader> Long Emini TF @ 1133.90 -> medium size
[09:47:55] <wrbtrader> 4 contracts
[09:48:14] <wrbtrader> looking for a Houdini Escape
[09:48:50] <wrbtrader> Exited all Emini TF Long @ 1134.00 --> + 0.1
[09:48:58] <wrbtrader> entry a trade error
[09:49:30] <wrbtrader> Shorts Emini TF @ 1133.30 -> large size
[09:49:38] <wrbtrader> 3+3 contracts
[09:51:40] <Tigerman__> sh iwm 12.82
[09:51:43] <wrbtrader> Covered 1/2 Emini TF Short @ 1132.70 --> + 0.6
[09:51:53] <wrbtrader> WRB pt1 (shallow) reached
[09:52:06] <wrbtrader> Covered Remainder Emini TF Short @ 1133.00 --> + 0.3
[09:52:18] <Tigerman__> exit all iwm 12.83 -1 tk
[09:52:40] <wrbtrader> Shorts Emini TF @ 1133.70 -> medium size
[09:52:49] <wrbtrader> trails are easy stop picks so far
[09:52:56] <wrbtrader> 4 contracts
[09:52:58] <wrbtrader> re-entry
[09:53:35] <wrbtrader> WRB pt1 (shallow) reached
[09:55:21] <wrbtrader> Covered 3/4 Emini TF Short @ 1131.40 --> + 2.3
[09:55:36] <wrbtrader> Covered Remainder Emini TF Short @ 1131.70 --> + 2
[09:58:32] <wrbtrader> Draghi-Yellen Split Spells More Volatility as ECB Goes Negative (Bloomberg) @
http://www.bloomberg.com/news/2014-06-0 ... tized.html[09:59:57] <wrbtrader> If that type of news can't bring in enough VOLATILILTY that last several trading days...its going to be a long difficult summer of trading.
[10:00:17] <wrbtrader> market context
[10:00:35] <Tigerman__> shiwm 12.68 intuit
[10:01:15] <Tigerman__> exit all iwn 12.67 +1 tk
[10:01:16] <t4n> ls 1132.7
[10:03:12] <t4n> e -2
[10:05:00] <wrbtrader> KMEs remaining @ 1030am and 1330pm est
[10:06:26] <t4n> ls 1131.5
[10:08:13] <tradermo> adding to ym 16733
[10:08:23] <t4n> e 1130
[10:08:28] <t4n> going to be a bad day
[10:09:29] <wrbtrader> Shorts Emini ES @ 1923.75 -> large size
[10:09:42] <wrbtrader> 15 contracts
[10:09:54] <wrbtrader>
[10:11:05] <wrbtrader> Covered all Emini ES Short @ 1923.25 --> + 0.5
[10:11:31] <wrbtrader> horrible feel on the entry
[10:11:53] <wrbtrader> marketed in on upticks at 1924.25
[10:12:03] <wrbtrader> filled @ 1923.75
[10:12:20] <wrbtrader> luckily to escape that trade with a profit
[10:12:45] <t4n> ss 1126.9
[10:12:49] <wrbtrader> feel = trade fill
[10:12:53] <Tigerman__> seems to me that also ES have bad fill
[10:13:09] <Tigerman__> it is absurd considering the liquidity
[10:13:20] <wrbtrader> Emini ES has been crappy price action...
[10:13:53] <wrbtrader> Today I had to go back to putting SPY chart next to my Emini ES chart so that I can see the WRB Analysis a lot better in comparison to recent month
[10:14:05] <Tigerman__> weeks ago I goi difficult to fill just few contract in regular fat hours
[10:14:54] <wrbtrader> Shorts Emini ES @ 1922.75 -> large size
[10:15:15] <tradermo> exit all ym 16705
[10:15:20] <wrbtrader> SPY climbing downwards beyond the most recent long lower shadows
[10:15:25] <wrbtrader> 15 contracts
[10:15:42] <wrbtrader> WRB pt1 (shallow) reached
[10:16:28] <Tigerman__> sh iwm 12.14
[10:16:53] <t4n> e 1126.4
[10:17:06] <Tigerman__> exit all wm 12.14
[10:17:44] <wrbtrader> Covered all Emini ES Short @ 1922.50 --> + 0.25
[10:19:18] <t4n> ss 1127.7
[10:20:49] <t4n> e -2
[10:20:55] <t4n> jeez
[10:21:36] <wrbtrader> volatility is still there...its trying hard to stay awhile longer
[10:24:37] <tradermo> long ym 16720
[10:25:38] <wrbtrader> Shorts Emini TF @ 1128.60 -> small size
[10:25:43] <wrbtrader> 1 contract
[10:26:47] <Tigerman__> lg wm 12.40
[10:27:03] <wrbtrader> Covered Emini TF Short @ 1129.40 --> - 0.8
[10:27:24] <wrbtrader> Long Emini TF @ 1130.30 -> medium size
[10:27:46] <Tigerman__> exit iwm 12.54 +14 tk 1/2 sz
[10:27:52] <wrbtrader> 4 contracts
[10:30:43] <Tigerman__> exit all remainder iwm at 112.61 +21 tk
[10:33:45] <Tigerman__> lg iwm 12.58
[10:33:54] <Tigerman__> re-entry
[10:34:57] <Tigerman__> too contraction here if not spike up I exit soon
[10:35:56] <wrbtrader> Exited all Emini TF Long @ 1130.70 --> + 0.4
[10:36:44] <Tigerman__> exit all iwm 12.55 -3tk
[10:37:15] <t4n> ss 1130.2
[10:39:40] <wrbtrader> VIX range bound now...just going sideways
[10:40:22] <Tigerman__> lg iwm 12.55
[10:40:29] <Tigerman__> re-entry again
[10:40:30] <t4n> e 1131.8
[10:40:37] <wrbtrader> looks like I got pick pocketed out of that Long
[10:41:20] <Tigerman__> exit 1/2 iwm 12.65 +10 tk
[10:43:01] <Tigerman__> spy and iwm not insync
[10:43:23] <Tigerman__> now seems better after I speak out
[10:44:31] <Tigerman__> exit all remainder iwm at 112.75 +20 tk
[10:44:49] <Tigerman__> a wrb pt2 reached
[10:45:16] <Tigerman__> I have to celebrate , because it is rare I catch it
[10:45:22] <t4n> i dont know whats going on
[10:45:33] <Tigerman__> simply I lost patience before target reach
[10:45:43] <t4n> everything i've taken is a big loss
[10:46:01] <Tigerman__> I fight with this for too lonf now it s time to stop it and wait
[10:46:23] <tradermo> moving ym stop to breakeven 16720
[10:46:51] <Tigerman__> hi t4n take care and do not overtrade
[10:47:33] <Tigerman__> simply I know that situation it is not good
[10:48:02] <Tigerman__> think twice before enter
[10:55:09] <t4n> ss 1130.1
[10:59:13] <t4n> e .1
[11:05:36] <Tigerman__> lg iwm 12.61
[11:06:12] <Tigerman__> exit 1/2 12.66 +5tk
[11:08:19] <t4n> ss 1131.5
[11:09:39] <tradermo> exit hlf ym 16762
[11:10:53] <t4n> e 1132.4
[11:11:15] <t4n> lost
[11:13:09] <tradermo> exit remaining ym 16769
[11:13:43] <Tigerman__> exit all remainder iwm at 112.85 +24 tk
[11:14:17] <Tigerman__> a wrb pt3 reached wow
[11:17:04] <wrbtrader> Long Emini TF @ 1134.40 -> small size
[11:17:13] <wrbtrader> 1 contract
[11:18:30] <wrbtrader> I took a break after the prior trade was picked pocketed...
[11:18:41] <wrbtrader> needed a mental rest to manage the anger
[11:20:32] <wrbtrader> Exited Emini TF Long @ 1135.20 --> + 0.8
[11:21:22] <@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.
[11:22:11] <Tigerman__> [17:18] <wrbtrader> needed a mental rest to manage the anger Yeah this help a lot
[11:22:33] <Tigerman__> otherwise I tend to overtrade
[11:26:16] <Tigerman__> I take a break too going eat
[11:26:28] <Tigerman__> mean taken a break before
[11:26:55] <Tigerman__> and miss a nice long entry
[11:33:17] <@wrbtrader> S&P 500 looks to be another record high trading day
[11:38:48] <Tigerman__> yeah meanwhile Vix drops again in low zone
[11:39:21] <Tigerman__> seems they print money for all and everyone buy equity
[11:41:56] <@wrbtrader> Long Emini TF @ 1140.30 -> large size
[11:42:16] <@wrbtrader> 4+3 contracts
[11:43:23] <@wrbtrader> Exited Emini TF Long @ 1142.90 --> + 2.6
[11:43:29] <@wrbtrader> Holding 3 contract remainders
[11:43:48] <@wrbtrader> Exited Remainder Emini TF Long @ 1142.30 --> + 2
[11:43:58] <@wrbtrader> WRB pt1 reached
[11:47:05] <tradermo> short ym 16792
[11:49:21] <tradermo> adding 16803
[11:53:34] <@wrbtrader> VIX pushing hard back down below 11.60
[11:53:56] <@wrbtrader> If it stays this low or goes lower and then stabilizes tomorrow...
[11:54:12] <@wrbtrader> It'll be a tough trading day tomorrow with the VIX back below that level
[11:54:18] <t4n> ls 1143.2
[12:00:50] <t4n> e 2
[12:04:03] <tradermo> exit all ym 16826
[12:06:26] <@wrbtrader> So far today...I've taken 3 breaks from trading
[12:06:52] <@wrbtrader> Each time the Emini TF has moved (trended) on average about +5 points during each break I've taken
[12:06:57] <@wrbtrader> That's A LOT of volatility
[12:07:11] <@wrbtrader> VIX has been moving strongly today
[12:09:48] <@wrbtrader> Emini TF is too high now...
[12:10:09] <@wrbtrader> It needs to retrace and setup some WRB Zones
[12:25:30] <tradermo> short ym 16827
[12:27:19] <@wrbtrader> I'm still waiting for some new WRB Zones to develop up at these price levels in the Emini futures
[12:28:18] <@wrbtrader> Just need a retracement of several points to possibly setup one
[12:37:02] <Tigerman__> take care all see all next time
[12:49:35] <t4n> ss 1150
[12:57:22] <t4n> e .1
[13:06:11] <tradermo> exit all ym 16827
[13:16:09] <t4n> ss 1150.5
[13:19:01] <t4n> tf really
this
[13:20:14] <t4n> e .1
[13:43:06] <tradermo> long nq 3771
[13:44:02] <tradermo> stop at 3761 below 5min wrb hg
[14:20:45] <tradermo> moving stop to breakeven 3771
[14:24:03] <tradermo> exit half at 3781
[14:34:21] <@wrbtrader> Long Emini TF @ 1163.20 -> small size
[14:34:31] <@wrbtrader> 1 contract
[14:37:01] <@wrbtrader> Exited Emini TF Long @ 1153.40 --> - 9.8
[14:38:01] <@wrbtrader> correction on the entry.
[14:38:55] <@wrbtrader> @ 1153.20 +0.20
[14:39:28] <t4n> ss 1152.6
[14:41:20] <tradermo> small guys getting a bit nervous here
[14:41:54] <@wrbtrader> Long Emini TF @ 1153.30 -> small size
[14:42:19] <@wrbtrader> 1 contract re-entry
[14:43:34] <t4n> e 1153.9
[14:48:13] <@wrbtrader> Exited Emini TF Long @ 1153.70 --> + 0.4
[14:48:41] <@wrbtrader> Long Emini TF @ 1153.80 -> small size
[14:48:51] <t4n> ss 1153.9
[14:49:07] <@wrbtrader> 2+1 contracts
[14:49:22] <@wrbtrader> prior two trades were trail stop outs
[14:49:51] <t4n> e .1
[14:50:22] <t4n> AD retraced its recent WRBHG down
[14:51:21] <t4n> i hate you russel
[14:52:29] <@wrbtrader> Exited all Emini TF Long @ 1152.90 --> - 0.9
[14:53:02] <@wrbtrader> Shorts Emini TF @ 1152.40 -> small size
[14:53:09] <@wrbtrader> 3 contracts
[14:58:24] <@wrbtrader> Covered all Emini TF Short @ 1151.50 --> + 0.9
[15:44:35] <t4n> ss 1152.2
[15:47:03] <t4n> e 1152.6
[15:53:18] <t4n> ls 1152.5
[15:54:56] <tradermo> exit remaining nq 3776
[15:55:36] <t4n> e 1152.3
[15:58:44] <t4n> ls 1152.4
[15:59:25] <t4n> e.1
[15:59:29] <t4n> terrible day
[15:59:48] <@wrbtrader> Long Emini TF @ 1152.90 -> small size
[16:00:02] <@wrbtrader> 3 contracts
[16:00:22] <@wrbtrader> shallow 4pm est rush hour traffic
[16:00:22] <t4n> collected loser after loser
[16:00:28] <t4n> one good trade all day
[16:00:38] <@wrbtrader> low volatility tight trading range into the regular session close
[16:00:39] <t4n> just not with it
[16:00:41] <t4n> and so costly
[16:01:13] <t4n> bye
[16:04:09] <@wrbtrader> Tomorrow I'm expecting a "low volatility range day"
[16:04:35] <tradermo> ok, i like range days most
[16:04:46] <@wrbtrader> Thus, I'll be using the higher time frames to reduce my number of trades a
[16:05:05] <@wrbtrader> Exited all Emini TF Long @ 1153.20 --> + 0.3
[16:05:42] <tradermo> job report might move things a bit, let's see
[16:07:23] <@wrbtrader> A ton of sidewys price action since 1240pm est today
[16:09:19] <tradermo> interestingly big guys selling into close, small guys buying
[16:14:06] <@wrbtrader> Today's big move to the upside occurred between 1020am - 1235pm est
[16:15:44] <@wrbtrader> Unfortunately I was away 3/4 of that duration just resting
[16:16:38] <tradermo> better rest during lunch !
[16:17:36] <@wrbtrader>
[16:17:45] <@wrbtrader> Take care all and see all tomorrow
[16:17:53] <tradermo> bye
Session Close: Thu Jun 05 16:37:50 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)
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