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 Post subject: February 3rd Tuesday - Futures, Forex, Stocks and ETFs
 Post Posted: Wed Feb 11, 2015 3:01 am 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2564
Location: Canada
Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
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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.

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=164

020315-Key-Price-Action-Markets.png [ 1.03 MiB | Viewed 89 times ]

click on the above image to view today's price action of key markets

Session Start: Tue Feb 03 01:57:31 2015
Session Ident: ##TheStrategyLab
[09:23:27] * Attempting to rejoin channel ##TheStrategyLab
[09:23:34] * Rejoined channel ##TheStrategyLab
[09:23:34] -ChanServ- [##TheStrategyLab] Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[09:23:34] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:24:53] * Lightenup (~Lightenup@ has joined ##TheStrategyLab
[09:25:07] <CaydenV> Factory Orders MoM DEC- 10am east
[09:25:11] <CaydenV> GM
[09:26:17] <Syzygy_____> GM
[09:29:18] * nadina______ (~nadina@79-65-173-114.host.pobb.as13285.net) has joined ##TheStrategyLab
[09:33:51] <Tigerman__> gm all
[09:33:56] <Tigerman__> lg spy 43
[09:34:06] <Tigerman__> exit 1/2 51 +8t
[09:34:15] <Tigerman__> exit all rem 44 +1t
[09:34:24] <Tigerman__> late entry chasing it
[09:38:18] * TradeSnake______ (~TradeSnak@S0106602ad084af2e.vc.shawcable.net) has joined ##TheStrategyLab
[09:39:45] <Tigerman__> grrrr my PC crashed on everything :(
[09:39:57] <Tigerman__> trading platform
[09:40:11] <Tigerman__> something is wrong with it :(
[09:40:42] <Tigerman__> the super power new one is not still ready
[09:40:59] <Tigerman__> anyone this one usually works ok
[09:44:46] <wrbtrader> So far just "continuation" in the Emini futures from yesterday
[09:44:46] <CaydenV> nasty tight range price action-
[09:44:50] <Tigerman__> now everything is ok seems more some power spare energy setting booh
[09:45:08] <Tigerman__> works fine now :)
[09:45:44] <Tigerman__> yeah price continue up but I no have any valid zone
[09:46:14] <Tigerman__> too many times I burned in this situation
[09:46:32] <CaydenV> have to go back to mid last week for old resistance...
[09:46:46] <Tigerman__> also news in 15min
[09:55:44] * Netang_ (~Netang@cpe-142-255-118-205.nyc.res.rr.com) has joined ##TheStrategyLab
[09:58:29] <CaydenV> in 1 minute - KME
[10:07:23] <Tigerman__> lg spy 52
[10:07:28] <Tigerman__> exit all 55
[10:08:58] <Tigerman__> price too much contracting need be careful
[10:09:35] <wrbtrader> Anybody in here located in the UK right now ?
[10:10:18] <Tigerman__> righ now no what happen ?
[10:11:03] <wrbtrader> nothing happen...I'm trying to find someone in here that's in the UK so that I can determine if someone from the UK can log in
[10:11:39] <wrbtrader> A few years back we lost 3 active UK members that suddently couldn't log in...they never returned after trying to connect many times
[10:12:23] <wrbtrader> I thought nadina was in the UK but she's not responding to my query
[10:13:21] <nadina______> I am here just tired from working nights loggrd in OK
[10:13:46] <Tigerman__> ah ok anyway seems very strange people can t log from UK
[10:14:10] <Tigerman__> unless some ban from UK to freenode server but sounds odd
[10:14:19] <wrbtrader> Sucks that nobody else in here replied.
[10:14:30] <wrbtrader> I jsut checked the IP addresses...
[10:14:38] <wrbtrader> Two UK members in here :(
[10:14:44] <wrbtrader> They didn't even reply
[10:15:06] <Trader_Uy> maybe not reading?
[10:15:08] <wrbtrader> WARNING: This room has been a ghost town lately.
[10:15:11] <Lightenup> I am logged in from Thailand
[10:15:14] <Tigerman__> simply people are too much silent
[10:15:21] <Volker> Germany
[10:15:32] <wrbtrader> To gain access to ##TheStrategyLab...members PROMISED to participate.
[10:15:36] <Tigerman__> I also noted some are logged from many hour
[10:16:05] <Tigerman__> so that means maybe they are not here in front of terminal
[10:16:34] <wrbtrader> Therefore, from this day going forward...I will ony post my trades in the other chat room until members in here start to talk about the market in general, WRB Analysis free study guide or the free FVB strategy.
[10:16:50] <Tigerman__> hi lightenup are you thai origin or tourist or expatriate ?
[10:18:09] <Tigerman__> wrbtrader seems the pattern from long now... people do not talk much
[10:18:32] <Tigerman__> thats odd because this room is very good and pro
[10:18:34] <Lightenup> I go to bed around midnight here but stay logged in so I can review trades and discussions in the morning
[10:18:51] <Volker> Is there an easy way to post a chart here?
[10:19:40] <Lightenup> tigerman 6 months here 6 in canada
[10:19:56] <wrbtrader> Lots of free storage sites for posting charts
[10:20:33] <wrbtrader> I use Stocktwits when posting charts about general market stuff and the free study guide
[10:20:36] <Volker> You mean, I store a chart anywhere and post a link here?
[10:20:42] <wrbtrader> Yep
[10:20:42] <Tigerman__> ok thanks lightenup
[10:21:32] <Tigerman__> lightenup so are you a tourist there ?
[10:21:52] <Tigerman__> enjoy the hot season there
[10:22:03] <nadina______> I am working nights in Scottish Highlands..... snowing thick here
[10:22:40] <wrbtrader> Nadina...can you access the link @ http://www.thestrategylab.com
[10:22:50] <nadina______> hang on
[10:23:11] <nadina______> yes no problem
[10:23:18] <Lightenup> Tigerman I am a retired tourist
[10:23:18] <wrbtrader> Thanks
[10:23:45] <Tigerman__> nadina do you follow tennis ?
[10:23:52] <nadina______> no
[10:24:37] <nadina______> right now trying to find time to sleep and learn to trade at the same time---- not easy
[10:24:43] <Tigerman__> I ask because when I hear scottish I think about andy murrey it is very good at that sport and he is fron scott
[10:25:04] <nadina______> yes he is even I know about him
[10:26:00] <Tigerman__> yeah nadina learn to trade and work and try to sleep not easy
[10:26:22] <nadina______> I am on a hotel WiFi but not problems logging in
[10:26:48] <nadina______> meant to say no problems
[10:27:13] <@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.
[10:30:05] <Volker> Chart Test http://www.sffs.de/1.jpg
[10:30:43] <nadina______> works
[10:31:07] <Volker> Ok, now I know how to post charts...
[10:37:34] * winmax200 (~androirc@S0106789684bf87b3.vw.shawcable.net) has joined ##TheStrategyLab
[10:38:27] <TradeSnake______> Short YM @ 17465
[10:40:38] <TradeSnake______> Covered YM @ 17475 --> -10
[10:46:12] * Retrieving ##TheStrategyLab modes...
[10:59:55] <Tigerman__> sh es 2350
[11:00:02] <Tigerman__> 2023.5
[11:00:35] <Tigerman__> exit all 2023 +2 tk too choppy
[11:03:05] <rwbil> ES back inside the last down WRB HG 1 min TF
[11:04:43] <Tigerman__> sh es 2023.75
[11:04:57] <Tigerman__> late entry chasing
[11:05:38] <Tigerman__> exit all 2023 +3 tk
[11:09:04] * Lightenup (~Lightenup@ has joined ##TheStrategyLab
[11:11:07] <Tigerman__> NQ testing yesterday close it is the weakes of all e-minies today
[11:11:17] <TradeSnake______> Nice bounce off 9:30am WRB HG R area YM on 3min
[11:19:46] <Tigerman__> lg es 2028.25
[11:21:34] <Tigerman__> exit al 2028.25
[11:22:45] <Tigerman__> lg 2028 re-entry
[11:23:16] <Tigerman__> exit all 2028 :(
[11:24:00] <Tigerman__> price dancing here I use higher chart so not too comfortable if not move I exit
[11:24:14] <Tigerman__> broker is happy
[11:24:40] <Tigerman__> lg es 2028
[11:25:04] <Tigerman__> this time is the right one :)
[11:27:09] <Lightenup> price action in TF picking up
[11:29:07] <Tigerman__> exit all ES 2029 + 4 tk shallow wrb pt1 :(
[11:32:17] <Tigerman__> lg es 2027.25
[11:34:29] <Tigerman__> exit all 2027.5 +1 tk
[11:34:48] <Tigerman__> bad price action I ll watch untill a good move
[11:37:13] <TradeSnake______> Shorted YM @ 17455, covered @ 17445 --> +10
[11:37:27] <TradeSnake______> To fast to post in real time
[11:42:01] <CaydenV> 4 minute time frame- the 10:44 wrbhg got filled in dia- ym- es- nq- - but not in spx- tf-rut- qqq- whacky 50/50
[11:43:55] <TradeSnake______> Long YM @ 17473
[11:46:27] <TradeSnake______> Stopped YM @ 17466 --> -7
[11:49:03] <Lightenup> Tf tried to push higher but now back inside the 1187 1184 range
[11:53:27] * nadina______ (~nadina@79-65-173-114.host.pobb.as13285.net) has joined ##TheStrategyLab
[12:01:19] <TradeSnake______> Short YM @ 17420
[12:02:16] <Tigerman__> sh ES 2022.75
[12:03:17] <Tigerman__> exit 2/3 2022.25 +2 t
[12:03:34] <TradeSnake______> Flat YM @ 17405 --> +15
[12:04:05] <Tigerman__> exit all rem 2021.75 +4t
[12:04:24] <Tigerman__> wow retracing fast I m happy to cover all
[12:05:22] <Lightenup> TF did not do the push that the ym and ES had
[12:09:25] <Lightenup> TF not giving any new WRBHG or the small ones are being retraced quickly with chop so am staying out as in chapter one infomation
[12:10:49] <Tigerman__> yeah wise
[12:15:22] <CaydenV> disconnected from both trade station and TOS. TS back up TOS still down. hmmm!
[12:17:25] <CaydenV> back up on tos
[12:38:33] * Syzygy_____ (~Syzygy@ has joined ##TheStrategyLab
[13:05:24] <nadina______> WRB how does one get into the other room please - by buying the chapters 5 -12 ?
[13:09:17] <CaydenV> Nadina? if you adress WRB with- wrbtrader, I think an alert will draw his attention better- I think.
[13:09:53] <nadina______> OK thanks Cayden
[13:10:05] <CaydenV> now that I have used the name wrbtrader- he'll likely see your quiery.
[13:10:21] <nadina______> thanks
[13:10:28] <CaydenV> K
[13:12:37] <@wrbtrader> Price action in the Eminis still in a low volatility range but the trend is still Up from yesterday
[13:14:11] <nadina______> hi wrbtrader can you answer my querry above
[13:25:20] <CaydenV> TF and NQlagging es and ym
[13:27:46] <Tigerman__> take care all see next time
[13:28:00] <CaydenV> c u T
[13:31:46] <@wrbtrader> Important question...
[13:33:09] <@wrbtrader> Does anyone in here not know that I promote "trading with the trend ?
[13:33:51] <nadina______> I think we do know it
[13:34:21] <@wrbtrader> In other words, the stuff you have access to (do not mention anything specific)...is it clear about what is a swing point and what is a trend continuation and that I strongly recommend that one should trade WITH the trend and NOT against the trend...
[13:34:53] <@wrbtrader> Thus, the stuff you have access to...do you not see that sentiment via specific rules
[13:35:26] <@wrbtrader> Are there NOT any chart examples of how to identify a trend and when to look for trade signals with the trend ?
[13:36:07] <@wrbtrader> or is it just so confusing that the charts, rules isn't clear about when to trade with the trend ?
[13:36:24] <rwbil> That is not the question, the question is if you have a down WRB zone created whether you know when to take short or long in that same zone
[13:37:51] <nadina______> I apologize for my lack of knowledge in advance. Cannot answer as I need to read more about it. I understand the concept of a gap but not yet how to see trade signal
[13:37:53] <@wrbtrader> That's a different question but a good one
[13:38:57] * winmax200 (~androirc@S0106789684bf87b3.vw.shawcable.net) has joined ##TheStrategyLab
[13:41:50] <CaydenV> I think one idea that could help-IDK- is since the longest time frame charts we use as Day Traders is 15 minute time frame- that one should always be weary for pattern signals as described in the advance material in shorter time frames In other way of saying it- be careful taking counter trend signals unless you are aware of the longer time frame trend. under
[13:43:58] <rwbil> Here is the real question . Here is a chart from FVB http://screencast.com/t/pTknQnfv3
[13:44:16] <rwbil> would you take the long as shown. Why or why not
[13:45:46] <@wrbtrader> In case anyone is confused...
[13:46:02] <@wrbtrader> Here are the Trade Managment rules for that chart...
[13:46:22] <@wrbtrader> Its a FVB basic chart and here are the TM rules that comes with the chart...
[13:46:46] <@wrbtrader> 1) R area Long position
[13:46:46] <@wrbtrader> 2) R area Short position
[13:46:46] <@wrbtrader> 3) S area Long position
[13:47:24] <@wrbtrader> You should notice the option not listed because its not valid for this chart...S area Short position
[13:48:04] <@wrbtrader> Based upon those rules from the Trade Management file or the Trade Management rules in the FVB strategy...
[13:48:13] <@wrbtrader> What will you do ?
[13:49:53] <TradeSnake______> 3) S area Long position
[13:50:16] <@wrbtrader> Is that a guess or you're just following the Trade Management rules
[13:51:10] <CaydenV> I would agree - Long at S area- but going to re read now
[13:51:19] <TradeSnake______> Trying the rules but still learning...based on the chart that looks the most valid to me
[13:51:55] <Netang_> I think you have to wait for confirmation interval before entry is taken
[13:53:37] <CaydenV> C1 needs only to close above mid point so i think that is confirmation Netand-
[13:57:18] <rwbil> Let me try this do you view this a low risk or high risk trade and why
[14:00:35] <CaydenV> upon further review- all three.
[14:00:47] <CaydenV> Resistance (R) Area Long Position - Initial stop/loss protection via the Close of WRB Zone, Low of c2 WRB interval or Low of c1 interval...whichever best fits your risk tolerance.
[14:00:47] <CaydenV> Resistance (R) Area Short Position - Initial stop/loss protection via the Close of WRB Zone, High of c2 WRB interval or High of c1 interval...whichever best fits your risk tolerance.
[14:00:47] <CaydenV> Support (S) Area Long Position - Initial stop/loss protection via the Open of WRB Zone, Low of c2 WRB interval or Low of c1 interval...whichever best fits your risk tolerance.
[14:02:51] <CaydenV> my risk tolerence is pretty 'cagey' at best - so I'm not surprised at myself for only considering the Long at S area.
[14:04:13] <CaydenV> plus- -if by example of that chart- we were in an uptrend- I'd probably stear away from a short at R.
[14:08:40] <rwbil> Cauden can you expland on your thinking
[14:09:38] <rwbil> for example would you take a short in that zone or prefer longs. How did you view it
[14:12:59] <@wrbtrader> Its a simple question...no need to be vague about the purpose...
[14:13:28] <@wrbtrader> The purpose is to identify "at the time of the Long signal" on that chart...is the price action in a Up trend or Down trend.
[14:13:40] <@wrbtrader> That will then identify the "risk level" of the trade...
[14:13:48] <@wrbtrader> High Risk versus Low Risk
[14:13:57] <@wrbtrader> NOT if you should take the trade or not
[14:14:26] <@wrbtrader> We all know that Long signals and Short signals can occur in the "same Zone"
[14:14:47] <@wrbtrader> That's shown in the Trade Management file of the FVB and every thing else.
[14:15:14] <@wrbtrader> Therefore, if you know follow the trade management rules...
[14:15:27] <CaydenV> up trend- V1 and two additional wrbhg that over take recent reaction highs
[14:15:40] <@wrbtrader> How do you know if you should take that Long signal or take that Short signal when they occur in the "same Zone"
[14:15:52] <@wrbtrader> ???
[14:16:03] <@wrbtrader> That's indiviual answer
[14:16:22] <@wrbtrader> For example, most in here know that I manage my "risk" via my profits
[14:16:37] <@wrbtrader> For example...when I'm above my profit goal for the day...
[14:16:53] <@wrbtrader> I'm not afraid to take a counter-trend trade (high risk)
[14:17:25] <@wrbtrader> I will have low expectations and won't stick around too much in the trade
[14:17:44] <@wrbtrader> For example,...whenever you see me say the following in here while in a trade...
[14:18:09] <@wrbtrader> "I'm not going to hang around to much in this trade"
[14:18:28] <@wrbtrader> It only means one thing...its a high risk trade and I'm obviously trading against the trend
[14:25:00] <rwbil> can anyone else explain the trend to me at the trade time
[14:49:23] <@wrbtrader> Can anybody tell me if they think Oil CL futures is in an uptrend or downtrend on the 3min chart since 1pm est ???
[14:53:37] <Syzygy_____> i would say it is starting a downtrend since it has gone below a previous reaction point
[14:55:43] <@wrbtrader> Its "starting a downtrend" or its IN a downtrend...which ?
[14:56:45] <Syzygy_____> in one
[14:57:24] <@wrbtrader> Ok...so you think Oil CL futures is currently in a down trend on the 3min chart
[14:57:37] <@wrbtrader> What rules are you using to tell you its a downtrend ?
[14:57:42] <@wrbtrader> I'm just curious
[14:58:11] <Syzygy_____> how many reaction points does it have to go through before you consider it a down trend?
[15:00:01] <@wrbtrader> I don't count reaction points
[15:00:06] <rwbil> Syzygy did you follow the early question regarding the trend at the time of the trade signal. Is so can you give your opionion
[15:00:31] <@wrbtrader> Instead, I count the number of WRB HGs...similar to the number of WRB HGs in chapter 2 strong continuation price action
[15:00:59] <@wrbtrader> Anything that qualifies as a strong continuation price action or even "looks like one"...
[15:01:08] <@wrbtrader> It'll pass my smell test as a trend
[15:02:01] <Syzygy_____> ok i see
[15:03:05] <nadina______> off to work see you
[15:21:18] <CaydenV> wrbtrader- do you ALWAYS say "I'm not going to hang around too much in this trade" when you are counter trend?
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[19:49:07] <@wrbtrader> [15:21:18] <CaydenV> wrbtrader- do you ALWAYS say "I'm not going to hang around too much in this trade" when you are counter trend?
[19:49:17] * Trader_Uy (~traderuyt@r167-60-40-227.dialup.adsl.anteldata.net.uy) has joined ##TheStrategyLab
[19:49:33] <@wrbtrader> I say it when I'm doing something I shouldn't be doing...something high risk :)
[19:51:07] <@wrbtrader> Sometimes its a counter-trend trade, sometimes its a trade error I decided to stick with it, sometimes its something that changed AFTER my entry that I should be exiting the trade but I decided to stay...
[19:51:36] <@wrbtrader> All the reasons mentioned implies its now a "high risk" trade.
[19:53:24] <@wrbtrader> We need to know PRIOR to entry if the current price action is a TREND continuation or a SWING POINT change in price direction...
[19:53:35] <@wrbtrader> Prior to any appareance of a trade signal
[19:53:49] <@wrbtrader> Its the thesis or foundation of WRB Analysis...
[19:54:00] <@wrbtrader> Know the price action prior to any trade entry or trade signal
[19:54:26] <@wrbtrader> If we can't identify a trend or swing point...we need to ignore any trade signal and stay on the sideline
[19:55:12] <@wrbtrader> Chapter 2 has a few excellent examples of swing points and strong continuation price action even though there's hundreds of definitions of such
[19:55:55] <@wrbtrader> Chapter 2 price action definitions is only for tradeers that do not know how to determine if its a swing point or strong continuation price action
[19:56:39] <@wrbtrader> Most traders know what is a trend and what is a swing point. Thus, they use their own price action defintions and just merge the concepts of "first WRB Hidden GAP" with their price action definitions
[19:57:29] <@wrbtrader> The primary goal is to take trades with the TREND (not against the trend)
[20:10:20] <@wrbtrader> Yet, if you feel lucky or above your profit goal for the day or just want to be reckless...you can counter-trend but when you do...understand its "high risk" trading
[20:10:45] <@wrbtrader> Therefore, lower your expectations for high risk trades and don't complain when you get losses
[20:11:21] <@wrbtrader> Yeah, I get it...counter-trend trading is fun, exciting and so on
[20:11:50] <@wrbtrader> Yet, trend trading is boring and sometimes slow in developement
[20:12:15] <@wrbtrader> Yet, if too can be fun exciting especially when your in a trade with the trend and volatility shows up.
[20:19:05] <@wrbtrader> Once again, if you don't know what is a swing point (change in trend direction)...
[20:19:20] <@wrbtrader> Just use the swing point defintions in the tutorial chapters
[20:20:18] <@wrbtrader> Same for a Trend...if you don't know what it is...just use the strong continuation definitions in the tutorial chapters until you develop enough experience to recognize swing points (direction change) and trend (strong continuation) on your own.
[20:20:38] <@wrbtrader> Take care and good night
[20:49:20] <CaydenV> Copy That- And thanks a bunch
[21:54:59] * Syzygy_____ (~Syzygy@h69-131-227-232.slkmwa.dsl.dynamic.tds.net) has joined ##TheStrategyLab
[22:43:58] * TradeSnake______ (~TradeSnak@S0106602ad084af2e.vc.shawcable.net) has joined ##TheStrategyLab
Session Close: Wed Feb 04 00:00:00 2015


##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 CME Emini Futures EMD, ES and NQ

Image ICE Emini TF Futures (formerly CME ER2)

Image CBOT mini-sized Dow Futures YM

Image Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Image Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Image Euronext Futures FTSE-100 and CAC-40

Image CME Futures EuroFX 6E and EC

Image Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Image Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen, Usd/Cad, Xau/Usd and Xag/Usd

Image Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

Image NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

Image COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

Image S&P CNX NIFTY Futures

Image 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 Qu├ębec, 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://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
Go Back To TheStrategyLab.com Homepage

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