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##TheStrategyLab (located on the Freenode IRC network) is
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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
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##TheStrategyLab chat room is is primarily designed for you to use as a
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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
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:
061114-Key-Price-Action-Markets.png [ 999.24 KiB | Viewed 264 times ]
click on the above image to view today's price action of key markets Session Start: Wed Jun 11 09:25:42 2014
Session Ident: ##TheStrategyLab
[09:25:42] * Now talking in ##TheStrategyLab
[09:25:42] * 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'[09:25:42] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:25:43] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:27:52] <steve___> TF already bounced off WRB level from 6/9 at 7:30 am EST
[09:28:15] <steve___> 1164 level
[09:33:16] <wrbtrader> Key Market Events today @ 1030am, 1300pm and 1400pm est for the general market
[09:35:32] <Tigerman__>
all
[09:35:52] <tradermo> short ym 16876
[09:52:08] <T4n> ls 1168.5
[09:53:04] <wrbtrader> QQQ is strong today...it has already fill its GAP
[09:53:53] <Tigerman__> alone in his run
[09:54:21] <wrbtrader> Shorts Emini TF @ 1167.10 -> medium size
[09:54:33] <wrbtrader> 4+1 contracts
[09:54:37] <T4n> exit 1169.8
[09:56:56] <Tigerman__> sh iwm 116.11
[09:56:56] <tradermo> exit half ym 16860
[09:57:12] <wrbtrader> Covered Emini TF Short @ 1166.00 --> + 1.1
[09:57:16] <wrbtrader> Holding 2 contract remainders
[09:57:28] <Tigerman__> exit half at 116.06 +5tk
[09:57:45] <T4n> ls 1165.9
[09:57:56] <Tigerman__> exit remainder iwm at 116.02 +9tk
[09:58:07] <tradermo> stop to breakeven on remaining 16876
[09:58:32] <wrbtrader> Covered Remainder Emini TF Short @ 1166.60 --> + 0.5
[09:58:56] <wrbtrader> Price action still not suitable for scaling out the past few months
[09:59:14] <Tigerman__> yeah price retrace fast
[09:59:36] <Tigerman__> anyway i fell comfortable vs exit all at first exit
[09:59:57] <Tigerman__> I mean I press for a second wrb pt2
[10:00:12] <T4n> e 1166.5
[10:00:37] <Tigerman__> but it is just enought wait for a wrpt1 for my impatience
[10:03:44] <tradermo> moving ym stop to 16894
[10:05:35] <tradermo> adding to ym short 16876
[10:06:21] <wrbtrader> Long Emini TF @ 1168.40 -> small size
[10:06:48] <wrbtrader> 3 contracts
[10:07:24] <wrbtrader> chop alarms at full blast now
[10:08:43] <wrbtrader> Exited all Emini TF Long @ 1168.50 --> + 0.1
[10:09:04] <wrbtrader> lots of contraction showing up at the wrong time
[10:09:26] <tradermo> nq at new high trying to spoil short party
[10:15:55] <tradermo> exit half ym at 16860
[10:20:08] <tradermo> keeping stop on remaining at 16894
[10:21:09] <tradermo> premise is that nq breaks out and fails - hence need a bit room
[10:24:00] <T4n> ls 1168
[10:25:23] <tradermo> exit all ym 16851
[10:25:37] <T4n> -2
[10:25:45] <T4n> such a bad trade
[10:26:01] <tradermo> exiting early because nq did not break yet
[10:29:23] <T4n> ss 1165.6
[10:29:42] <T4n> e .1
[10:29:59] <Tigerman__> sh iwm 115.98
[10:30:16] <wrbtrader> Shorts Emini TF @ 1165.10 -> medium size
[10:30:30] <T4n> Oil KME
[10:30:54] <wrbtrader> 4 contracts
[10:31:11] <Tigerman__> exit 1/2 wm 115.92
[10:31:14] <tradermo> hm, i think my exit was suboptimal
[10:31:29] <wrbtrader> Eminis have been insync the past several minutes with their volatility
[10:31:52] <wrbtrader> That's a good sign and hopefully it will stay as such a few minutes more
[10:32:06] <wrbtrader> WRB pt1 reached
[10:32:21] <T4n>
i only exited due to KME coming
[10:32:47] <wrbtrader> Covered 3/4 Emini TF Short @ 1163.70 --> + 1.4
[10:33:08] <wrbtrader> trying the scale out one more time but only because of the increasing volatility
[10:33:18] <wrbtrader> not looking good again
[10:35:46] <Tigerman__> exit 1/2 wm 115.80 +12tk
[10:36:13] <Tigerman__> seems price stall here and not wanna reach a wrb pt2
[10:37:09] <tradermo> long nq 3795
[10:41:33] <wrbtrader> Covered all Emini TF Short @ 1164.90 --> + 0.2
[10:44:22] <tradermo> stop to breakeven 3795
[10:45:00] <Tigerman__> correction my last exit was a remainder exit
[10:46:15] <tradermo> exit all nq 3795
[10:55:20] <tradermo> oops, i am still long nq
[10:55:46] <tradermo> execution error, added instead of stopped
[10:56:58] <tradermo> keeping stop now at 3785
[10:57:31] <wrbtrader> Sideways price action is here
[10:57:54] <wrbtrader> volatility slowly declining
[10:58:26] <tradermo> premise of this nq trade was that new highs need to be broken
[10:58:59] <tradermo> but gap in es below, hence need to give it more room
[11:00:10] <tradermo> exit half nq 3798
[11:00:58] <tradermo> good pop, now moving stop to breakeven on remaining 3785
[11:01:41] <tradermo> sorry stop now at 3795
[11:04:12] <tradermo> letting this run, away for a bit
[11:05:51] <Tigerman__> lg iwm 116.11
[11:06:20] <wrbtrader> Long Emini TF @ 1166.60 -> small size
[11:06:29] <wrbtrader> 3 contracts
[11:07:21] <wrbtrader> WRB pt1 reached
[11:07:43] <wrbtrader> Exited all Emini TF Long @ 1167.70 --> + 1.1
[11:08:16] <Tigerman__> exit all Iwm at 116.20 +9tk
[11:08:26] <@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.
[11:19:13] <t4n> ls cl 104.66
[11:24:39] <t4n> e.1
[11:46:08] <steve___> L 64.8
[11:46:20] <t4n> ls 1164.9
[11:50:19] <t4n> e.1
[11:50:47] <t4n> declined vol interval after entry
[11:54:27] <t4n> continued properly after all
[11:54:30] <steve___> E 66.4
[11:54:44] <steve___> footprint chart kept me in
[11:55:06] <t4n> dont know that
[11:55:53] <steve___> search: footprint chart
[11:57:44] <steve___> can use Market Delta Trader in demo if supported by broker feed
[11:57:50] <t4n>
no profit target for me
[11:58:01] <tradermo> exit all nq 3804
[11:58:23] <tradermo> new high reached
[11:58:45] <@wrbtrader> U.S. Stocks Drop on Valuation Concern, World Bank Cut (bloomberg) @
http://www.bloomberg.com/news/2014-06-1 ... ecast.html [12:12:38] <t4n> ls 1166.6
[12:17:40] <t4n> e.1
[12:34:24] <Tigerman__> take care all see next time
[12:57:24] <t4n> ls 1167.6
[13:02:24] <t4n> e -1
[13:03:33] <t4n> sickening
[13:15:01] <t4n> ss 1165
[13:50:08] <t4n> e .1
[13:50:54] <t4n> i guess i'm not dead yet
[13:51:11] <t4n> that was going to be my last live trade
[13:51:24] <t4n> fed in 9 mins
[13:53:09] <steve__> lost internet, checking that i'm back in room
[13:53:21] <t4n> yep
[13:53:37] <steve__> thanks
[13:57:37] <tradermo> looking at potential nq long using 9:35 wrb hg - 5 min chart
[13:59:08] <tradermo> long nq 3791.50
[13:59:53] <t4n> Federal Budget Balance
[14:01:09] <tradermo> stop at 3783 to give es some room for gap fill and snapback
[14:02:06] <tradermo> long entry was around r area of 5 min wrb hg
[14:02:29] <tradermo> tf could be a problem though
[14:09:58] <t4n> ss 1160.4
[14:11:50] <t4n> e.3
[14:12:59] <tradermo> moving stop to 3782
[14:13:22] <tradermo> es gap not filled yet, needs a bit more space
[14:15:37] <tradermo> ok gap seems filled now, can we move back up please
[14:17:11] <tradermo> nq a bit weaker than expected
[14:19:29] <t4n> ss 1164.5
[14:22:09] <t4n> e .5
[14:25:06] <tradermo> moving stop lower not an option due to tf weakness
[14:25:29] <tradermo> tf needs to snap back or i am in trouble
[14:26:05] <tradermo> where are the snapbacks if you need them
[14:28:11] <t4n> tf reentering fed zone
[14:38:53] <t4n> ls 1163
[14:41:14] <t4n> e .1
[14:53:45] <t4n> ss 1163.2
[14:59:51] <t4n> e 1164
[15:03:53] <t4n> ss 1164.1
[15:10:45] <t4n> e -.6
[15:13:50] <t4n> ss 1164.8
[15:22:35] <t4n> e .2
[15:25:59] <t4n> ss 1164.9
[15:27:15] <t4n> e 1165.5
[15:27:56] <tradermo> exit half nq 3796
[15:28:48] <tradermo> moving stop on remaining to breakeven 3791.50
[15:29:15] <t4n> what time frames are you using tradermo?
[15:29:58] <tradermo> exit remaining at 3798
[15:30:35] <tradermo> i use same timeframes as wrbtrader 2, 3, 5, 15 min
[15:30:51] <tradermo> in addition 30min and daily for big picture
[15:31:03] <t4n> k
[15:31:29] <tradermo> the last trade was on a 5 min chart which now generated a wrb for the exit
[15:32:33] <tradermo> although i think this trade has more potential
[15:35:03] <t4n> ss 1166.9
[15:39:19] <t4n> e.1
[15:41:59] <t4n> ss 1167.1
[15:43:47] <t4n> e -.5
[15:47:28] <t4n> ls 1167
[15:53:57] <t4n> e -.7
[15:56:45] <tradermo> interestingly big guys selling into the close, just like yesterday
[15:59:05] <t4n> ls 1166
[16:10:58] <t4n> .1
[16:11:05] <t4n> no more trading
[16:11:15] <t4n> bye
Session Close: Thu Jun 12 00:00:00 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
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