##TheStrategyLab Price Action Chat Room Logs

Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
Business Hours: 8am - 5pm est (Mon - Fri)
questions@thestrategylab.com (24/7)
http://twitter.com/wrbtrader (24/7)

##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.


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


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

Session Start: Thu Feb 12 09:30:56 2015
Session Ident: ##TheStrategyLab
[09:30:56] * Now talking in ##TheStrategyLab
[09:30:57] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:33:46] * rwbil (~rwbil@c-73-35-45-110.hsd1.fl.comcast.net) has joined ##TheStrategyLab
[09:34:26] <Volker>
[09:34:31] <Tigerman__> all
[09:34:40] <Lightenup>
[09:34:55] * rwbil1 (~rwbil@c-73-35-45-110.hsd1.fl.comcast.net) has joined ##TheStrategyLab
[09:39:26] <wrbtrader> Price action very mixed in many key markets
[09:39:43] <wrbtrader> Light Crude Oil CL futures still powering upwards in an obvious Up Trend
[09:52:12] * Syzygy_________ (~Syzygy@h69-131-227-232.slkmwa.dsl.dynamic.tds.net) has joined ##TheStrategyLab
[09:55:38] <Lightenup> KME 10:00
[10:05:16] <Tigerman__> ES TF pure junk contracting
[10:05:36] <Tigerman__> just done some experimrnts small trades
[10:07:21] <wrbtrader> Long Emini TF @ 1210.10 -> large size
[10:07:23] * Retrieving ##TheStrategyLab modes...
[10:07:41] <wrbtrader> 1+5 contracts
[10:08:20] <wrbtrader> looking for a Houdini Escape
[10:10:03] <wrbtrader> Exited 1/2 Emini TF Long @ 1209.90 --> - 0.2
[10:12:58] <wrbtrader> Exited Remainder Emini TF Long @ 1209.90 --> - 0.2
[10:13:41] <wrbtrader> be back later
[10:16:30] <Tigerman__> price in Tf iwm moves up but in a tiny way
[10:16:54] <Tigerman__> simply I shake you out very easly
[10:17:23] <Tigerman__> this price action needs ton of patience
[10:17:41] <Tigerman__> usually I no have too much
[10:57:24] * Netang_____ (~Netang@cpe-142-255-118-205.nyc.res.rr.com) has joined ##TheStrategyLab
[11:01:29] <TradeSnake______> Short YM @ 17876
[11:03:38] * Netang____ (~Netang@cpe-142-255-118-205.nyc.res.rr.com) has joined ##TheStrategyLab
[11:05:41] <Tigerman__> 90 minutes of nowhere price action
[11:07:20] <TradeSnake______> Covered YM 17880 --> -4
[11:10:29] * Netang____ (~Netang@cpe-142-255-118-205.nyc.res.rr.com) has joined ##TheStrategyLab
[11:57:38] <Tigerman__> wow a nowhere day
[11:57:53] <Tigerman__> next time I go running
[11:58:07] <Tigerman__> volatility is retired
[12:01:56] <Lightenup> The problem is one never knows what will happen in the next minute. A news item or good romer might come out and the market could take off.
[12:03:50] <Tigerman__> yeah right but look paint dry is nerving and boring
[12:04:17] <xtrader34> What happened to the TF. Its a mess, going nowhere
[12:04:49] <Tigerman__> in add it needs a lot of experience to spot these no fly zones and avoid to trade inside that junk
[12:05:11] <xtrader34> agree!
[12:05:39] <Tigerman__> I burned a lot in the past so I avoid hard this junk
[12:06:01] <xtrader34> Not trending at all
[12:06:17] <xtrader34> All contraction
[12:06:54] <Tigerman__> markets maybe wait some news from europe until clear situation nbody trigger big size orders
[12:06:58] <Lightenup> At the end of chapter 1 it tells you how to spot the no trade action as what is happening today
[12:07:22] <xtrader34> CL going nuts
[12:07:39] <xtrader34> huge swings
[12:08:11] <Tigerman__> yeah the issue is put manuals and tutorial at work in real time
[12:09:13] <Tigerman__> simply if one fall in hole as losses at start of today session not easy recup if price not moves later at day
[12:09:36] <Tigerman__> that pressure to recup bring us to do stupid trades
[12:09:37] <xtrader34> I'm not not having any issues putting it together in real time!
[12:09:46] <Tigerman__> that was my beast for long time
[12:10:23] <Tigerman__> good xtrader thats nice
[12:11:02] <xtrader34> Takes a lot of practice and patience.
[12:11:07] <Tigerman__> anyway my point is after identify proper price action in real time act in proper way
[12:11:34] <Tigerman__> x example after 4 loss in a row is not easy regain confidence
[12:11:51] <xtrader34> Very true!
[12:12:34] <Lightenup> Simply, it’s high risk trading when trading whenever there are no WRB Hidden GAPs or trading in price action that quickly retraces WRB Hidden GAPs. Therefore, the lack of WRB Hidden GAPs (unfilled) is telling you to stay on the sideline (no trading).
[12:12:37] <Tigerman__> I talk of that because today market context can bring losses if not identifyed at start
[12:13:18] <xtrader34> Both correct!
[12:13:42] <Tigerman__> yes lightenup we need print that in front of our eyes !!
[12:15:08] <xtrader34> Guess its time for lunch. TF is ing right now
[12:16:21] <Tigerman__> yeah at this point you can go lunch and miss if some moves occurs or go lunch and not care whatever happen now
[12:16:49] <Tigerman__> what me upset is market move when left the desk
[12:17:24] <Tigerman__> so miss the only good oportunity of today after wait so much is nerving
[12:17:38] <Tigerman__> of course nothing is garanteed
[12:18:04] <xtrader34> I mainly trade CL. So I'm not missing much in the TF
[12:18:06] <Tigerman__> usually we saty nothing happen...we leave markets moves
[13:13:19] <xtrader34> TF is probably going to dance around on the highs until late in the afternoon
[13:15:54] <wrbtrader> Long Emini TF @ 1210.80 -> medium size
[13:15:59] <wrbtrader> 4 contractes
[13:16:50] <@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.
[13:17:15] <@wrbtrader> snap back
[13:18:20] <@wrbtrader> Exited 1/2 Emini TF Long @ 1211.10 --> + 0.3
[13:18:41] <@wrbtrader> Exited Remainder Emini TF Long @ 1211.10 --> + 0.3
[13:19:44] * Syzygy_________ (~Syzygy@65.160.73.146) has joined ##TheStrategyLab
[13:21:38] <@wrbtrader> Long Emini TF @ 1211.30 -> small size
[13:21:45] <@wrbtrader> re-entry
[13:21:49] <@wrbtrader> 2 contracts
[13:23:53] <@wrbtrader> Exited all Emini TF Long @ 1210.60 --> - 0.7
[13:30:02] <@wrbtrader> Long Emini TF @ 1210.90 -> small size
[13:30:18] <@wrbtrader> re-entry
[13:35:20] <Tigerman__> say price is ugly is using kind words
[13:35:34] <Tigerman__> maybe will be move soon
[13:35:40] <xtrader34> I-)
[13:36:03] <@wrbtrader> Exited all Emini TF Long @ 1212.00 --> + 1.1
[13:36:10] <@wrbtrader> WRB pt1 reached
[13:37:08] <Tigerman__> VIX is going in hell
[13:37:45] <@wrbtrader> That's ony when it drops below 10
[13:38:10] <Tigerman__> yeah there devils show up
[13:38:49] <Tigerman__> not funny the journey downthere
[13:39:04] <Tigerman__> we need some strong break up news
[13:39:48] <@wrbtrader> Look at the bright side...you'll be bored and have more time to rest because there'll be fewer trade opportunities until the market "adjust" to a low VIX
[13:40:24] <@wrbtrader> Usually takes 2 - 3 weeks for the market to adjust to "low volatility" trading conditions
[13:43:14] <Tigerman__> umhh so you wanna say if decline in VIX continue there will be few opportunities... then after the adjust more opportunities more WRB HG also if in low volatility
[13:43:43] <Tigerman__> of course NOT big like in high volatility with higher VIX
[13:44:28] <@wrbtrader> Decline in the VIX is OK just as long as its not a slow crawl downwards
[13:44:53] <@wrbtrader> If it drops with momentum...in many ways the market will react with volatility.
[13:45:22] <Tigerman__> ah ok yeah infact this slow tiny move in small steps nerving me a lot
[13:45:35] <@wrbtrader> Sounds like a contradiction but its proven that's how the market reacts to a "fast moving VIX" (up or down)...reacts with volatility
[13:45:49] <Tigerman__> in contrast when/if VIX regain momentum there will much better
[13:46:09] <@wrbtrader> What we don't want to see is sideways tight trading range VIX at any level
[13:46:21] <Tigerman__> yeah agreed
[13:46:36] <@wrbtrader> Even a VIX at 30 in a sideways tight trading range will produce a low volatility price action in the Eminis
[13:46:57] <@wrbtrader> Simply, you want the VIX to move
[13:47:12] <@wrbtrader> Up or Down...just move
[13:47:59] <Tigerman__> yeah VIX move and market overall move
[13:49:02] <Tigerman__> today we got VIX with a downtrend move but in small steps with few if NO WRB hG
[13:56:59] <@wrbtrader> Reminder about the VIX use...
[13:57:51] <@wrbtrader> I mainly use it to help with my position size management, trading instrument selection and sometimes to help me to see when the price action if going to be 'nasty'.
[13:58:06] * xtrader34_ (~xtrader34@pool-108-51-21-217.washdc.fios.verizon.net) has joined ##TheStrategyLab
[13:58:28] <@wrbtrader> I think if someone's going to try to use the VIX as a trade signal itself (many do)...best to use the VXX
[13:58:57] <@wrbtrader> VXX is a little more fluid than the VIX
[14:18:18] <@wrbtrader> ##TheStrategyLab Purpose -> -This chat room is for YOU to use as a daily journal of your thoughts or trades involving any key concept from the WRB Analysis free study guide. If you're in here and NOT talking about WRBs, WRB Hidden GAPs, key market events, swing point price actions, strong continuation price actions, WRB Zones...you are not properly using this chat room.
[14:18:59] <@wrbtrader> Emini futures back near the S area of some reaction lows
[14:19:43] * xtrader34 (~xtrader34@pool-108-51-21-217.washdc.fios.verizon.net) has joined ##TheStrategyLab
[14:20:51] <@wrbtrader> Someone ask me in private message why did I dump that first Long position of the day at a -0.20 before it went higher
[14:22:06] <@wrbtrader> I had an "aquarium emergency"...custom made tank sprung a leak
[14:23:06] <@wrbtrader> I had to get my my fish out and transfer them to a back up tank while I drained that custom tank
[14:24:21] <@wrbtrader> will do repairs on it over the weekend...its a 200 gallon tank
[14:24:42] <Syzygy_________> share a picture of it when you get done
[14:25:36] <@wrbtrader> Maybe I will
[14:27:50] <@wrbtrader> Emini TF trying hard to bounce off the reaction low
[14:27:54] <@wrbtrader> slowly moving higher
[14:30:14] <Syzygy_________> keeps stalling at 1213 area
[14:35:27] <@wrbtrader> Very little market news today...
[14:36:07] <@wrbtrader> Its so bad that Bloomberg still has up its top market news data from the past few days...nothing really from today to replace it
[14:46:19] <@wrbtrader> Interesting article a few days ago about Hedge Funds and the VIX @ http://www.bloomberg.com/news/articles/ ... greece-oil
[14:48:10] * winmax200 (~androirc@S0106789684bf87b3.vw.shawcable.net) has joined ##TheStrategyLab
[15:00:08] <Tigerman__> I need to exit so see all next time seems this low volatility is also related to mondays holidays
[15:00:26] <Tigerman__> so big traders take it easy
[15:00:46] <Tigerman__> take care all see next time
[15:01:28] <@wrbtrader> Hopefully Friday is a better trading day than today
[15:04:50] <@wrbtrader> I have a broker friend once tell me that statistics show the clients over-trade the day AFTER a 3 day holiday if the market was in a tight trading range for a few days BEFORE the holiday
[15:05:32] <@wrbtrader> Also a higher percentage of account blowups too
[15:05:45] <@wrbtrader> Simply, if Friday is like today...
[15:05:58] <@wrbtrader> Be carefuly on Tuesday trading session...I know I will be.
[15:06:32] <@wrbtrader> I'm just following the stats...no TA needed
[15:08:10] <TradeSnake______> thanks for the tip!
[15:08:24] <TradeSnake______> btw what is TA?
[15:30:10] <@wrbtrader> Technical Analysis (TA)
[15:30:26] <@wrbtrader> Take care all and see all tomorrow
[15:30:55] <Volker> tc
[16:36:15] * winmax200 (~androirc@24.244.23.92) has joined ##TheStrategyLab
[17:15:26] * mmm___ (~mmm@cpe-76-90-227-83.socal.res.rr.com) has joined ##TheStrategyLab
[19:18:32] * Disconnected
Session Close: Thu Feb 12 19:18:32 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:

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, Usd/Cad, Xau/Usd and Xag/Usd

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
intradaystrategies@yahoo.com
questions@thestrategylab.com
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