Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
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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
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:
110614-Key-Price-Action-Markets.png [ 1.51 MiB | Viewed 286 times ]
click on the above image to view today's price action of key markets Session Start: Thu Nov 06 09:31:29 2014
Session Ident: ##TheStrategyLab
[09:31:29] * Now talking in ##TheStrategyLab
[09:31:29] * 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'[09:31:29] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:31:29] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:33:37] <Tigerman__>
all
[09:33:41] <wrbtrader> WRB Analysis -> - Chat room for day traders, swing traders, position traders using concepts from WRB Analysis such as contracting volatility, key market event (KME), reaction high/low, WRB, WRB Hidden GAP, WRB Zone, WRB pt levels to help improve understanding of the price action their trading and/or improve the performance of their trade signal strategies while price action trading. WRB Analysis free study guide @
http://www.thestrategylab.com/tsl/forum ... =119&t=718 or
http://www.twileshare.com/user/wrbtrader [09:34:08] <tradermo________> short iwm 116.23
[09:36:46] <Tigerman__> lg iwm 116.27
[09:37:00] <Tigerman__> exit 1/2 31
[09:37:05] <Tigerman__> exit all 34
[09:37:48] <tradermo________> stop to breakeven 116.23
[09:39:10] <@wrbtrader> Shorts Emini TF @ 1165.10 -> medium size
[09:40:11] <@wrbtrader> Covered all Emini TF Short @ 1164.40 --> + 0.7
[09:40:27] <@wrbtrader> crazy chop like yesterday's start
[09:41:39] <@wrbtrader> Shorts Emini TF @ 1165.70 -> small size
[09:43:03] <Cayden> close to 4 points per 1 minute interval om the TF so far
[09:44:17] <Tigerman__> yeah choppy and confusing action
[09:44:22] <tradermo________> exit all iwm 116.23
[09:44:24] <Cayden> correction- closer to 2 per 1 min interval
[09:44:38] <Tigerman__> in contrast the spike at the news 8:30 am was very strong
[09:47:58] <@wrbtrader> Covered all Emini TF Short @ 1165.10 --> + 0.6
[09:50:13] <Cayden> with chop like this- you best'value shop' your entries.
[09:50:37] <Tigerman__> this chop ia killer
[09:50:58] <Tigerman__> mess with that not easy
[09:51:34] <Cayden> down to 1.5ish points per 1 minute interval on tf.
[09:53:46] <Cayden> i like the 'short' side- so far
[10:00:53] <Tigerman__> sh iwm 115.86 intuit
[10:00:53] <jpan> 45.5s
[10:01:26] <Tigerman__> exit 1/2 76 +10t
[10:01:37] <@wrbtrader> Shorts Emini TF @ 1162.90 -> small size
[10:01:44] <@wrbtrader> 3 contracts
[10:03:24] <@wrbtrader> Covered all Emini TF Short @ 1162.50 --> + 0.4
[10:03:25] <jpan> 44 out 2
[10:03:35] <@wrbtrader> another bronco buck chop ride
[10:03:52] <Tigerman__> exit all rem at 76 +10t
[10:04:27] <Tigerman__> wow and reach 66 but hope x more and anyway not so fast to grab it
[10:05:14] <Cayden> yep- 1.6 point average on last 5 1 minute intervals- and the last 10 have intervals have brissly tails on top and bottom- TF
[10:09:24] <jpan> 46s add
[10:09:31] <jpan> 48.5 stop
[10:12:21] <jpan> 41.75 out 2
[10:13:40] <jpan> 42.75 out 1
[10:13:44] <jpan> 1c left trail
[10:14:55] <@wrbtrader> Shorts Emini TF @ 1163.70 -> small size
[10:15:03] <@wrbtrader> 3 contracts
[10:15:05] <jpan> 37.75 all out
[10:19:33] <jpan> 37s light
[10:20:51] <Cayden> stop sweeper must be turne off-
[10:21:03] <@wrbtrader> WRB pt1 reached
[10:23:57] <jpan> 34.5 out
[10:25:05] <jpan> 36l light
[10:25:23] <jpan> nice pop
[10:25:30] <@wrbtrader> Covered all Emini TF Short @ 1162.50 --> + 1.2
[10:25:38] <jpan> right at yday lows
[10:25:47] <jpan> 39 out
[10:28:31] <jpan> 37.5s
[10:28:34] <jpan> light
[10:28:45] <jpan> 39.5 stop
[10:29:18] <Cayden> you have to work extra hard to eek it out this morning.
[10:30:25] <jpan> i hope long trapped at 39
[10:31:02] <jpan> 35.5 out
[10:31:25] <jpan> nice
[10:32:40] <Tigerman__> sh iwm 115.62 intuit
[10:33:11] <tradermo________> long 17403
[10:33:14] <tradermo________> ym
[10:33:56] <tradermo________> stop 17374
[10:34:07] <tradermo________> back later
[10:35:22] <Tigerman__> exit all 65 -3tk
[10:45:27] <tradermo________> exit all ym 17444
[10:45:41] <tradermo________> just back in time to exit
[10:59:02] <Tigerman__> boring action
[11:04:10] <t4n> tf back in opening gap
[11:04:50] <@wrbtrader> Long Emini TF @ 1165.40 -> small size
[11:07:11] <Tigerman__> lg iwm 116.08
[11:10:51] <Tigerman__> exit 1/2 116.10 +2t
[11:11:36] <@wrbtrader> Exited all Emini TF Long @ 1165.50 --> + 0.1
[11:11:48] <Tigerman__> exit all 116.07 -1t
[11:19:52] <@wrbtrader> Long Emini TF @ 1166.80 -> small size
[11:20:07] <@wrbtrader> 2 contraacts
[11:20:55] <Tigerman__> lg iwm 116.19
[11:21:35] <@wrbtrader> Exited all Emini TF Long @ 1167.00 --> + 0.2
[11:22:13] <Tigerman__> exit all at 18 -1t
[11:25:34] <tradermo________> short iwm 116.12
[11:37:02] <tradermo________> stop to breakeven 116.12
[11:46:01] <tradermo________> exit all iwm 116.12
[11:49:00] <Tigerman__> sh iwm 116.01
[11:50:14] <Tigerman__> exit 1/2 94 +7t
[11:50:51] <Tigerman__> exit all rem iwm 116.95 +6 t
[12:33:37] <TradeSnake______> Short GC @ 1144.4
[12:44:16] <Tigerman__> take care all see next time
[12:50:06] <t4n> TF breaking through some highs
[12:53:13] <Cayden> yep-
[13:06:24] * t4n is now known as t4n_paper
[13:27:05] <tradermo________> short nq 4150
[13:30:57] <TradeSnake______> Flat GC @ 1142,4 --> +2.0
[13:35:51] <tradermo________> stop to breakeven 4150
[13:39:48] <tradermo________> exit all nq 4150
[13:41:59] <@wrbtrader> Draghi Reinforces ECB Stimulus Momentum to Assuage Investors (bloomberg) @
http://www.bloomberg.com/news/2014-11-0 ... stors.html [13:43:17] <@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.
[13:45:37] <@wrbtrader> Shorts Emini TF @ 1166.70 -> small size
[13:49:21] <@wrbtrader> WRB pt1 reached
[13:49:55] <@wrbtrader> Covered all Emini TF Short @ 1165.80 --> + 0.9
[14:38:58] <Cayden> short looks good
[14:39:05] <Cayden> here
[14:41:29] <Cayden> wrong
[14:49:45] <@wrbtrader> Emini TF futures retesting the most recent reaction high
[14:50:25] <@wrbtrader> Range price action since 1345pm est
[14:57:21] <@wrbtrader> volatility spike
[14:57:58] <@wrbtrader> Long Emini TF @ 1168.10 -> small size
[14:58:30] <@wrbtrader> 3 contracts
[14:59:24] <@wrbtrader> I'm considering doing an overnight position (swing trade) but not sure if the current trade will be it
[15:00:06] <@wrbtrader> If I do a swing trade...it will have my typical -4 point stop/loss protection
[15:03:19] <@wrbtrader> Exited all Emini TF Long @ 1168.20 --> + 0.1
[15:05:38] <@wrbtrader> We got the 0830am est KMEs and historically I don't like one of them (Unemployement rate report) right after a political mid-term U.S. elections
[15:06:21] <@wrbtrader> Too stressful to hold an overnight Long position going into that 0830am est KME
[15:07:33] <@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.
[15:08:33] <@wrbtrader> Overall the Emini TF futures is still STUCK inside the range of last Firday's BIG UP GAP
[15:09:02] <@wrbtrader> Simply, we've been range bound on choppy weird price action for several trading days now
[15:09:18] <@wrbtrader> We're now due for a big volatility spike
[15:09:46] <@wrbtrader> reason why I'm considering an overnight trade position to try to catch that volatility spike price action
[15:10:18] <@wrbtrader> If I don't do the overnight swing position...
[15:10:29] <@wrbtrader> I will be here early to trade the 0830am est KME
[15:11:07] <@wrbtrader> I'm looking for some increasing volatility price action after all of the recent tight trading range price actions the recent trading days
[15:12:50] <@wrbtrader> Long Emini TF @ 1167.70 -> small size
[15:12:59] <@wrbtrader> 1 contract swing trade
[15:13:18] <@wrbtrader> Take care all and see all tomorrow
Session Close: Thu Nov 06 19:35:04 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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