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, WRB Zone, R area of WRB Zone, S area of WRB Zone) 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
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(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
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
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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:
073114-Key-Price-Action-Markets.png [ 1.16 MiB | Viewed 523 times ]
click on the above image to view today's price action of key markets Session Start: Thu Jul 31 09:30:30 2014
Session Ident: ##TheStrategyLab
[09:30:30] * Now talking in ##TheStrategyLab
[09:30:30] * 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'[09:30:30] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:30:30] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:33:25] <@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.
[09:35:23] <tradermo> short ym 16683
[09:35:27] <@wrbtrader> Huge overnight price action movement downward in the Emini futures between 0345am - 0500am est
[09:36:14] <tradermo> stop 16714
[09:36:54] <@wrbtrader> Hopefully it doesn't take away the volatility in the regular session first hour of trading
[09:42:52] <tradermo> stop to breakeven 16683
[09:43:26] <TradeSnake_> Long GC @ 1288.0
[09:45:12] <tradermo> exit all ym 16883
[09:46:43] <tradermo> short iwm 112.70
[09:47:18] <tradermo> stop 113.23
[09:57:25] <tradermo> stop to breakeven 112.70
[09:59:26] <@wrbtrader> Shorts Emini TF @ 1130.40 -> medium size
[09:59:45] <@wrbtrader> 1+2+1 contracts
[10:01:20] <@wrbtrader> Covered all Emini TF Short @ 1129.30 --> + 1.1
[10:01:31] <@wrbtrader> price action doing a snap back
[10:02:14] <@wrbtrader> Shorts Emini TF @ 1129.60 -> large size
[10:02:23] <@wrbtrader> 6 contracts
[10:02:28] <@wrbtrader> re-entry
[10:04:04] <@wrbtrader> Covered 1/2 Emini TF Short @ 1129.70 --> - 0.1
[10:04:14] <@wrbtrader> Covered 1/2 Emini TF Short @ 1129.90 --> - 0.3
[10:04:49] <@wrbtrader> Shorts Emini TF @ 1129.60 -> large size
[10:05:18] <@wrbtrader> re-entry
[10:05:21] <@wrbtrader> 6 contracts
[10:05:43] <@wrbtrader> getting more choppy
[10:07:02] <@wrbtrader> Covered all Emini TF Short @ 1129.80 --> - 0.2
[10:07:06] <@wrbtrader> geeesh
[10:07:27] <@wrbtrader> Shorts Emini TF @ 1129.80 -> large size
[10:07:47] <@wrbtrader> 4+3 contracts re-entry
[10:08:40] <tradermo> exit half iwm 114.45
[10:09:17] <@wrbtrader> Covered all Emini TF Short @ 1128.80 --> + 1
[10:09:21] <@wrbtrader> WRB pt1 reached
[10:09:52] <@wrbtrader> I feel that "lack of patience" again that I had two days ago
[10:10:38] <@wrbtrader> Shorts Emini TF @ 1129.60 -> large size
[10:10:43] <tradermo> tf is difficult to trade right now
[10:10:53] <@wrbtrader> 6 cpmtracts
[10:10:56] <@wrbtrader> agree
[10:11:12] <@wrbtrader> Its trying hard to find a direction
[10:12:05] <tradermo> its at a critical point and the bull need to keep it up
[10:12:21] <@wrbtrader> Covered all Emini TF Short @ 1130.90 --> - 1.3
[10:12:59] <tradermo> exit rem iwm 112.70
[10:14:38] <@wrbtrader> Shorts Emini TF @ 1130.40 -> large size
[10:14:45] <@wrbtrader> increasing volatility
[10:14:49] <tradermo> looking to reshort higher
[10:15:06] <@wrbtrader> 4+4 contracts
[10:15:58] <@wrbtrader>
[10:16:02] <@wrbtrader> snap back again
[10:16:39] <@wrbtrader> Covered 1/2 Emini TF Short @ 1130.70 --> - 0.3
[10:16:56] <tradermo> counterreaction because market unable to break overnight lows
[10:17:58] <@wrbtrader> pain in the butt TF is right now
[10:18:35] <@wrbtrader> I need a WRB pt2 to compensate on the losing first 4 contracts
[10:19:05] <@wrbtrader> most likely around 1129.00 and below
[10:19:43] <tradermo> tf very weak again, very tempting to short
[10:21:56] <@wrbtrader> Covered Remainder Emini TF Short @ 1128.80 --> + 1.6
[10:24:23] <@wrbtrader> Shorts Emini TF @ 1129.10 -> large size
[10:24:48] <@wrbtrader> 4+2 contracts
[10:24:53] <@wrbtrader> re-entry
[10:26:04] <@wrbtrader> crazy chop prior to that breakdown
[10:26:46] <@wrbtrader> Covered 2/3 Emini TF Short @ 1126.90 --> + 2.2
[10:27:05] <@wrbtrader> Covered Remainder Emini TF Short @ 1127.00 --> + 2.1
[10:27:18] <@wrbtrader> WRB pt1 reached
[10:27:50] <@wrbtrader> I'm sidelined...that trade session was mentally tough
[10:32:37] <tradermo> long iwm 112.04
[10:33:30] <@wrbtrader> Shorts Emini TF @ 1124.40 -> large size
[10:33:54] <@wrbtrader> 6+2 contracts
[10:34:40] <tradermo> stop at 111.57
[10:35:03] <@wrbtrader> Covered 1/4 Emini TF Short @ 1124.00 --> + 0.4
[10:35:14] <@wrbtrader> Covered Remainder Emini TF Short @ 1124.10 --> + 0.3
[10:35:36] <@wrbtrader> This slowly increasing volatility cleaned out some of that chop but I was too hesitant to re-enter the Short...
[10:36:03] <@wrbtrader> cost me an entry ariound 1125.30
[10:36:35] <@wrbtrader> volatility still slowly increasing
[10:36:50] <@wrbtrader> I'm still expecting a volatility spike
[10:38:42] <tradermo> keeping stop at 111.57 - back later - bulls need to step in here or it gets ugly
[10:54:21] <@wrbtrader> Shorts Emini TF @ 1122.60 -> medium size
[10:54:33] <@wrbtrader> 4 contracts
[10:54:57] <@wrbtrader> becareful of the snap back
[10:58:41] <@wrbtrader> Covered all Emini TF Short @ 1120.50 --> + 2.1
[10:58:51] <@wrbtrader> WRB pt2 reached
[11:11:10] <@wrbtrader> Shorts Emini TF @ 1121.10 -> small size
[11:11:23] <@wrbtrader> 2 contracts
[11:15:53] <@wrbtrader> WRB pt1 (shallow) reached
[11:16:07] <@wrbtrader> Covered all Emini TF Short @ 1120.70 --> + 0.4
[11:16:38] <@wrbtrader> I'm going to take this small WRB pt1 and call it quits for the trading day
[11:16:49] <@wrbtrader> Take care all and see all next month (tomorrow)
[12:15:46] <TradeSnake_> Covered GC @ 1289.5 +1.5
[12:22:28] <tradermo> big guys selling pretty modest
[12:22:47] <tradermo> stop hit on earlier iwm long
[12:28:01] <tradermo> long iwm 111.25
[12:28:22] <tradermo> stop 110.72
[12:36:13] <tradermo> stop to breakeven 111.25
[12:43:35] <tradermo> exit half 111.48
[12:44:58] <tradermo> exit rem 111.52
[12:53:47] <tradermo> short iwm 111.62
[12:53:57] <tradermo> stop 112.12
[12:54:12] <tradermo> gamma scalp against long calls
[14:42:38] <tradermo> stop to breakeven on iwm 112.62
[14:48:42] <tradermo> exit all iwm 111.62
[14:48:55] <tradermo> iwm very resilient - good for the calls
Session Close: Thu Jul 31 19:14:39 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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