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:
062314-Key-Price-Action-Markets.png [ 938.62 KiB | Viewed 309 times ]
click on the above image to view today's price action of key markets Session Start: Mon Jun 23 09:23:38 2014
Session Ident: ##TheStrategyLab
[09:23:38] * Now talking in ##TheStrategyLab
[09:23:38] * 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'[09:23:38] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:23:38] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:34:01] <wrbtrader> Key market events today @ 1000am est
[09:35:59] <wrbtrader> Shorts Emini TF @ 1182.80 -> large size
[09:36:27] <wrbtrader> 3+4+2 contracts
[09:37:08] <wrbtrader> Covered 1/3 Emini TF Short @ 1181.60 --> + 1.2
[09:38:13] <wrbtrader> Covered 1/3 Emini TF Short @ 1181.50 --> + 1.3
[09:38:25] <wrbtrader> Covered Remainder Emini TF Short @ 1181.60 --> + 1.2
[09:38:36] <wrbtrader> WRB pt1 reached
[09:38:47] <wrbtrader> early exit because my target was a WRB pt2
[09:43:45] <wrbtrader> I'm expecting a lot of volatility in the market today because of the Eurex futures reaction to its economic data reports and Iraq
![Boxing fighting](./images/smilies/emoticonboxing.gif)
concerns
[09:44:22] <wrbtrader> DAX has already had a strong continuation down price action soon after its regular session open
[09:44:52] <wrbtrader> Shorts Emini TF @ 1182.10 -> large size
[09:45:06] <wrbtrader> 6 contracts
[09:45:06] <tradermo> long nq 3792
[09:46:56] <wrbtrader> WRB pt1 reached
[09:50:52] <wrbtrader> Covered all Emini TF Short @ 1181.60 --> + 0.5
[09:51:40] <wrbtrader> Shorts Emini TF @ 1181.70 -> medium size
[09:51:48] <wrbtrader> 4 contracts re-entry
[09:52:05] <wrbtrader> lowering my position size because there's less volatility
[09:52:25] <wrbtrader> Crude Oil CL futures still pushing lower
[09:53:01] <tradermo> stop to breakeven on nq 3792
[09:55:46] <tradermo> exit all nq 3792
[09:56:10] <wrbtrader> Covered all Emini TF Short @ 1182.00 --> - 0.3
[09:59:01] <wrbtrader> pending 1000am est KME
[10:00:25] <wrbtrader> Long Emini TF @ 1184.30 -> medium size
[10:00:32] <wrbtrader> 4 contracts
[10:00:44] <wrbtrader> volatility showed up again
[10:00:51] <wrbtrader> thanks to the KME
[10:01:48] <wrbtrader> Exited all Emini TF Long @ 1184.30 --> 0
[10:02:24] <wrbtrader> Long Emini TF @ 1184.20 -> medium size
[10:02:29] <wrbtrader> 4 contracts
[10:02:31] <wrbtrader> re-entry
[10:02:59] <tradermo> short nq 3792
[10:04:07] <tradermo> adding nq 3794
[10:04:28] <wrbtrader> WRB pt1 (shallow) reached with lots of chop
[10:05:29] <wrbtrader> Exited all Emini TF Long @ 1185.50 --> + 1.3
[10:05:31] <wrbtrader> WRB pt2 reached
[10:10:27] <tradermo> stop to breakeven on nq 3793
[10:17:33] <tradermo> exit all nq 3793
[10:40:02] <wrbtrader> Shorts Emini TF @ 1181.70 -> medium size
[10:40:23] <wrbtrader> 4 contracts
[10:43:17] <wrbtrader> Covered all Emini TF Short @ 1182.50 --> - 0.8
[10:43:39] <wrbtrader> Shorts Emini TF @ 1182.20 -> medium size
[10:43:52] <wrbtrader> 2+2 contracts
[10:43:59] <wrbtrader> re-entry
[10:44:31] <wrbtrader> something starting to stink about this trade
![sad :(](./images/smilies/icon_chatsad.gif)
[10:44:53] <wrbtrader> Covered all Emini TF Short @ 1182.90 --> - 0.7
[10:45:25] <wrbtrader> Long Emini TF @ 1183.30 -> large size
[10:45:36] <wrbtrader> 6+3 contracts
[10:47:25] <wrbtrader> Exited all Emini TF Long @ 1183.00 --> - 0.3
[10:48:03] <wrbtrader> too early for this type of chop
[10:49:16] <wrbtrader> Shorts Emini TF @ 1181.90 -> large size
[10:49:26] <wrbtrader> 5+4 contracts
[10:49:47] <wrbtrader>
![sad :(](./images/smilies/icon_chatsad.gif)
[10:58:14] <wrbtrader> Covered Emini TF Short @ 1180.90 --> + 1
[10:58:18] <wrbtrader> Holding 5 contract remainders
[11:00:04] <wrbtrader> Covered Remainder Emini TF Short @ 1181.10 --> + 0.8
[11:05:01] <wrbtrader> Shorts Emini TF @ 1180.90 -> medium size
[11:05:12] <wrbtrader> 1+1+2 contracts
[11:05:29] <t4n> ss 1180.8
[11:07:48] <t4n> e .1
[11:08:34] <t4n> ss 1180.3
[11:08:35] <wrbtrader> Covered all Emini TF Short @ 1180.60 --> + 0.3
[11:09:35] <t4n> e -1
[11:11:58] <t4n> ss 1181
[11:15:13] <t4n> e 1.2
[11:15:48] <wrbtrader> Shorts Emini TF @ 1180.00 -> medium size
[11:15:55] <wrbtrader> 4 contracts
[11:16:00] <wrbtrader> increasing volatility
[11:18:15] <wrbtrader> Covered all Emini TF Short @ 1179.90 --> + 0.1
[11:20:35] <wrbtrader> Shorts Emini TF @ 1180.00 -> small size
[11:20:46] <wrbtrader> 2 contracts
[11:20:59] <wrbtrader> re-entry
[11:21:03] <wrbtrader> volatility dried up fast
[11:27:10] <wrbtrader> WRB pt1 (shallow) reached
[11:27:21] <wrbtrader> now into a volatility spike
[11:28:54] <wrbtrader> WRB pt2 reached
[11:29:11] <t4n> finaly went
[11:29:18] <wrbtrader> Covered all Emini TF Short @ 1178.50 --> + 1.5
[11:29:44] <wrbtrader> I had some nice size Short positions today and couldn't catch any big moves with them.
[11:30:17] <wrbtrader> Emini TF futures now drop nicely on consistently volatility while I'm only in a 2 contract position
[11:32:17] <wrbtrader> I'm done for the day, take care all and see all tomorrow
[12:33:18] <tradermo> short iwm 117.99
[13:16:38] <tradermo> stop to breakeven 117.99
[13:22:50] <tradermo> exit half iwm 117.79
[13:24:29] <tradermo> exit rem iwm 117.71
[14:23:26] <tradermo> short ym 16837
[14:35:33] <tradermo> stop to breakeven
[14:35:48] <tradermo> not acting to well
[14:37:19] <tradermo> exit all ym 16832
[14:37:43] <tradermo> some unexpected buyers, so better exit
Session Close: Mon Jun 23 18:39:53 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:
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
CME Emini Futures EMD, ES and NQ
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
ICE Emini TF Futures (formerly CME ER2)
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
CBOT mini-sized Dow Futures YM
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
Euronext Futures FTSE-100 and CAC-40
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
CME Futures EuroFX 6E and EC
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen and Usd/Cad
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
S&P CNX NIFTY Futures
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
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
![Image](http://www.thestrategylab.com/images/twitter_followus1.png)
@
http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader Phone: +1 708 572-4885
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