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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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Also, ##TheStrategyLab chat room is
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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
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@ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164Attachment:
062414-Key-Price-Action-Markets.png [ 937.22 KiB | Viewed 292 times ]
click on the above image to view today's price action of key markets Session Start: Tue Jun 24 09:28:14 2014
Session Ident: ##TheStrategyLab
[09:28:14] * Now talking in ##TheStrategyLab
[09:28:14] * 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'[09:28:14] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:28:14] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:39:02] <wrbtrader> A lot of stuff happening around 1000am est today involving many different types of KMEs
[09:40:45] <wrbtrader> Shorts Emini TF @ 1178.00 -> large size
[09:41:06] <wrbtrader> 7 contracts
[09:41:38] <wrbtrader> may get a lucky exit out of this trade
[09:41:50] <wrbtrader> poor entry
[09:44:16] <tradermo> short iwm 117.83
[09:45:24] <wrbtrader> Covered all Emini TF Short @ 1178.70 --> - 0.7
[09:47:08] <tradermo> adding 117.93
[09:47:58] <wrbtrader> Shorts Emini TF @ 1178.70 -> large size
[09:49:17] <wrbtrader> 9 contracts re-entry
[09:52:02] <wrbtrader> Covered 1/3 Emini TF Short @ 1177.90 --> + 0.8
[09:53:22] <tradermo> exit half iwm 117.76
[09:58:42] <tradermo> exit rem iwm 117.61
[09:59:48] <wrbtrader> Covered 1/3 Emini TF Short @ 1176.40 --> + 2.3
[09:59:59] <wrbtrader> WRB pt2 reached
[10:00:37] <wrbtrader> Covered Remainder Emini TF Short @ 1177.00 --> + 1.7
[10:00:51] <wrbtrader> KME volatility spike
[10:06:10] <wrbtrader> volatility still increasing
[10:07:02] <wrbtrader> Long Emini TF @ 1181.30 -> medium size
[10:07:11] <wrbtrader> 4 contracts
[10:09:27] <wrbtrader> Exited all Emini TF Long @ 1181.30 --> 0
[10:12:12] <wrbtrader> Long Emini TF @ 1182.00 -> large size
[10:12:37] <wrbtrader> 3+1+2 contracts
[10:12:49] <wrbtrader> 1 of those contracts @ 1182.10
[10:13:00] <wrbtrader> re-entry
[10:13:43] <wrbtrader> Original trade signal @ 1176.40 via the 5min chart
[10:14:18] <wrbtrader> That makes my re-entry trade almost 6 points higher than the actual trade signal price...
[10:14:34] <wrbtrader> That's a lot of volatility for that type of re-entry
[10:15:44] <wrbtrader> volatility slowing a little
[10:15:50] <wrbtrader> intervals getting smaller
[10:16:39] <wrbtrader> Exited 1/2 Emini TF Long @ 1182.70 --> + 0.7
[10:17:03] <wrbtrader> Exited Remainder Emini TF Long @ 1182.60 --> + 0.6
[10:23:48] <wrbtrader> Long Emini TF @ 1848.40 -> medium size
[10:24:14] <wrbtrader> correction...3 contracts...not 4 contracts
[10:25:54] <wrbtrader> Exited all Emini TF Long @ 1184.80 --> - 663.6
[10:26:21] <wrbtrader> +0.4 points
[10:26:26] <wrbtrader> correction
[10:28:48] <wrbtrader> Long Emini TF @ 1184.60 -> medium size
[10:28:57] <wrbtrader> 4 contracts re-entry
[10:32:43] <wrbtrader> Exited all Emini TF Long @ 1187.10 --> + 2.5
[10:32:57] <wrbtrader> WRB pt1 reached by 1 tick
[11:56:22] <wrbtrader> Not fun watching this price action now that's just going sideways
[12:24:35] <tradermo> long nq 3825
[12:27:09] <tradermo> stop at 3815 - above r area of 5min wrb hg
[13:01:53] <tradermo> adding to nq 2823
[13:08:19] <tradermo> moving nq stop to 3814
[13:08:37] <tradermo> es may need to hit 1952
[13:16:38] <tradermo> es 1952 last chance here to find buyers
[13:18:07] <tradermo> exit all nq 3814
[13:18:20] <tradermo> big guys continue selling
[13:19:30] <wrbtrader> Emini TF nearing that S area of the big Up WRB Hidden GAP that occurred just before the 1000am est KME
[13:21:42] <wrbtrader> Shorts Emini TF @ 1176.20 -> large size
[13:21:56] <wrbtrader> 2+4 contracts
[13:23:07] <wrbtrader> Covered all Emini TF Short @ 1176.70 --> - 0.5
[13:23:30] <wrbtrader> Shorts Emini TF @ 1177.00 -> large size
[13:23:44] <wrbtrader> re-entry
[13:23:59] <tradermo> difficult to enter short here, es still thinking about 1952
[13:24:00] <wrbtrader> that's a big S area...
[13:24:42] <wrbtrader> may have to try a few times
[13:26:26] <wrbtrader> Covered all Emini TF Short @ 1176.80 --> + 0.2
[13:35:27] <tradermo> long nq 3819
[13:35:41] <tradermo> reentering
[13:36:52] <tradermo> stop at 3809 - s area of 5min wrb hg
[13:38:59] <tradermo> reason for sell of might have been ....
[13:39:10] <wrbtrader> Long Emini TF @ 1179.90 -> large size
[13:39:28] <tradermo> es exceeded globex high by a tick, traping many traders
[13:39:59] <tradermo> even the big guys
[13:40:19] <wrbtrader> 5+1 contracts
[13:40:51] <wrbtrader> Exited all Emini TF Long @ 1180.30 --> + 0.4
[13:41:57] <wrbtrader> Houdini Escape on that one because the trade was an entry error...
[13:42:01] <wrbtrader> 2nd one of the day
[13:48:25] <tradermo> adding to nq long 3818
[13:48:40] <tradermo> big/small guys div
[13:53:29] <wrbtrader> Shorts Emini TF @ 1177.20 -> large size
[13:53:38] <tradermo> es testing 1952 - let see if the wrb hg on 5min provides some support
[13:53:42] <wrbtrader> 6 contracts
[13:54:45] <wrbtrader> Hoping to ride this down to 1176.40 that's the S area of the Up WRB Hidden GAP I tried a few Short position nearby earlier
[13:55:39] <tradermo> tf weak, but difficult to short, hence playing this with options on iwm
[13:58:22] <tradermo> es wrb hg support trying to do its job, but tricky against short term downtrend
[14:03:46] <wrbtrader> Covered all Emini TF Short @ 1176.80 --> + 0.4
[14:29:03] <wrbtrader> Shorts Emini TF @ 1174.80 -> large size
[14:29:22] <wrbtrader> 4+3 contracts
[14:29:41] <wrbtrader> I had 3 no fill on that price drop the past few minutes
[14:29:54] <wrbtrader> beginning at 1177.00
[14:33:07] <tradermo> exit all nq 3809
[14:33:22] <tradermo> nq very resilient but stopped out now
[14:36:48] <wrbtrader> Covered all Emini TF Short @ 1174.00 --> + 0.8
[14:36:59] <wrbtrader> no point...just ticks again
[14:51:25] <tradermo> long nq 3811
[15:01:52] <tradermo> adding to nq 3808
[15:06:34] <tradermo> nq showing rel weakness now
[15:07:02] <tradermo> need a quick snapback or i have a problem
[15:07:11] <tradermo> stop 3799
[15:10:10] <tradermo> exit all nq 3799
[15:14:16] <wrbtrader> Shorts Emini TF @ 1169.40 -> large size
[15:14:22] <tradermo> nq now helping to accelerate the down move
[15:14:36] <wrbtrader> 6 contracts
[15:14:47] <wrbtrader> geeesh
[15:15:02] <wrbtrader> Covered all Emini TF Short @ 1170.00 --> - 0.6
[15:17:36] <wrbtrader> Shorts Emini TF @ 1170.80 -> large size
[15:17:42] <wrbtrader> re-entry
[15:17:54] <wrbtrader> punks
[15:22:23] <wrbtrader> I need to hold this a little longer to try to get my 6 ticks back that I was pick pocketed for in the prior trade...I want 1168.00 at the minimum
[15:22:46] <wrbtrader> Covered all Emini TF Short @ 1168.70 --> + 2.1
[15:37:38] <wrbtrader> Shorts Emini TF @ 1167.90 -> large size
[15:38:15] <wrbtrader> Covered all Emini TF Short @ 1167.70 --> + 0.2
[15:38:40] <wrbtrader> stop error
[15:38:50] <wrbtrader> 3rd problem trade of the day
[15:39:28] <wrbtrader> Hopefully this can chop a little back upwards to give me another chance at this
[15:39:35] <wrbtrader> doesn't look like it
[15:40:20] <tradermo> too much volatility for me to enter future shorts here, but keeping iwm put options for overnight followthrough and playing some other weeklies
[15:54:09] <wrbtrader> Shorts Emini TF @ 1168.20 -> large size
[15:55:16] <wrbtrader> Covered all Emini TF Short @ 1168.10 --> + 0.1
[15:56:09] <wrbtrader> that early exit was a fear exit
[15:57:18] <tradermo> is that in the tutorials
[15:57:35] <wrbtrader> no
[15:57:41] <wrbtrader> Its common sense trading...
[15:57:55] <wrbtrader> Enter a stupid trade...be smart and exit it fast
[15:58:21] <tradermo> yes, that make sense
[15:58:56] <wrbtrader> Shorts Emini TF @ 1168.20 -> large size
[15:59:07] <wrbtrader> 6 contracts
[15:59:25] <wrbtrader> volatility increasing slowly into the 4pm est rush hour traffic
[15:59:41] <wrbtrader> trailing @ profit for any spike up
[16:00:14] <wrbtrader> Covered all Emini TF Short @ 1167.70 --> + 0.5
[16:02:41] <tradermo> tf closing weak and no major buyers into close, will be interesting to see if we get a gap down
[16:03:15] <wrbtrader> Not much of a 4pm est rush hour traffic.
[16:03:53] <wrbtrader> I was more like a bunch of old ladies doing their daily walk around the park
[16:04:04] <wrbtrader> Take care all and see all tomorrow
Session Close: Tue Jun 24 17:18:36 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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