##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

[09:59] * Now talking in ##TheStrategyLab
[09:59] * Topic is 'Chat room for traders that are using concepts from WRB Analysis to help improve their entry signals, initial stop/loss management, profitable trail stops or profit targets. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718'
[09:59] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:59] -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
[09:59] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[10:07] <Tigerman__> at this point only NQ seems good x me now
[10:09] <Tigerman__> now action in Nq not so good
[10:10] <wrbtrader> Emini futures trying to stabilize above their most recent Up WRB Hidden GAP intervals 1min and 2min charts
[10:13] <wrbtrader> Price action in the range of yesterday's last 30 minutes of the regular trading session
[10:25] <wrbtrader> Shorts Emini TF @ 1261.70 -> small size
[10:25] <wrbtrader> 1+2 contracts
[10:26] <wrbtrader> overall volatility is low
[10:27] <wrbtrader> Noticeable enough that I suspect there's a new market condition
[10:28] <wrbtrader> Therefore, I'll keep my position size small to better manage the increased RISK in this market environment
[10:29] <wrbtrader> Hopefully volatility will show up to prove me wrong...I'll then respond via increasing my position size
[10:31] <wrbtrader> range getting tighter
[10:31] <wrbtrader> I'm now expecting a volatility spike here soon
[10:32] <wrbtrader> Covered all Emini TF Short @ 1262.50 --> - 0.8
[10:37] <wrbtrader> Shorts Emini TF @ 1262.30 -> small size
[10:37] <wrbtrader> re-entry
[10:38] <wrbtrader> too much of a fight to keep this stable in a low volatility tight trading range
[10:38] <AmazingJason> Trying short here 1262.0, possible lower high
[10:40] <Tigerman__> mud action needs a ton of patience
[10:41] <Tigerman__> many times move AGAIST ME WITH A SPIKE BEFORE GOING IN MY PLAN DIRECTION
[10:41] <Tigerman__> wow caps lock pressed
[10:41] <Tigerman__> like this up spike in ES
[10:42] <wrbtrader> If you have stats on that "many times"...you can exploit that for profits via delaying your entry via the average price it goes against you
[10:42] <wrbtrader> For example...if the magic number is 6 ticks against you...
[10:42] <wrbtrader> Delay your entry by 6 ticks
[10:43] <wrbtrader> shallow WRB pt1 reached
[10:47] <Tigerman__> [15:42] <wrbtrader> If you have stats on that "many times"...you can exploit that for profits via delaying your entry via the average price it goes against you yeah the issue the counterspike is not costant
[10:48] <wrbtrader> Covered all Emini TF Short @ 1261.80 --> + 0.5
[10:48] <wrbtrader> lost my patience
[10:48] <wrbtrader> early exit
[10:48] <futurestrack> I'm sorry I've been lurking today... working on other things. I'll participate tomorrow, promise.
[10:55] <AmazingJason> Hit stop, 1262.8, -0.8
[11:42] <Tigerman__> ok it is enought x today
[11:42] <Tigerman__> low volatility extreme bad trade conditions
[11:43] <Tigerman__> take care all see next time
[12:02] <AmazingJason> Short at 1263.6, looking for lower high
[12:42] <AmazingJason> Took half off on last dark WRB
[12:54] <wrbtrader> nice looking volatility
[12:55] <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 and you could be .
[12:57] <wrbtrader> Shorts Emini ES @ 2092.50 -> large size
[12:58] <wrbtrader> 7+3 contracts
[13:00] <wrbtrader> Covered all Emini ES Short @ 2091.25 --> + 1.25
[13:00] <wrbtrader> WRB pt1 reached
[13:00] <AmazingJason> Took rest off here
[13:02] <wrbtrader> contraction in the volatility is starting to show up in th Emini futures
[13:02] <wrbtrader> SPY has retraced its most recent Down WRB Hidden GAP interval 1min chart
[13:26] <wrbtrader> Shorts Emini ES @ 2090.50 -> large size
[13:26] <wrbtrader> 10 contracts
[13:31] <wrbtrader> price action has retraced back to the WRB pt1 reached
[13:31] <wrbtrader>
[13:39] <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.
[13:41] <wrbtrader> Covered all Emini ES Short @ 2090.00 --> + 0.5
[13:42] <wrbtrader> I wanted a longer hold than the prior trade but didn't get that WRB pt3 I was looking for that comes will a longer duration hold
[13:51] <wrbtrader> New Password -> I will be posting a new password at the forum on Monday March 30th trading day around 0900am est for ##TheStrategyLab chat room. Members that have consistently logged in and not discussed any WRB Analysis will not be allowed to returned...no exceptions. There are +700 registered members, most have been for not saying anything about a WRB, WRB Hidden GAP, WRB Zone, Key Market Event, General Market News...no discussion...just logging in and lurking. This is a FREE chat room, use it or lose it.
[13:54] <wrbtrader> Emini TF retracing its most recent Down WRB Hidden GAP interval 2min chart
[13:56] <wrbtrader> The pending new password message will be posted a few times each day until next Monday.
[13:56] <wrbtrader> If you're not able to discuss WRB Analysis...
[14:00] <wrbtrader> DO NOT log in because there's no education in ##TheStrategyLab when there's no discussion by members. Instead, just read the archive chat logs until you feel like you're ready to talk about WRB Analysis. If you're a fee-base member...there's no exception...this is a free room and you must talk about "anything" from the WRB Analysis free study guide (e.g. WRBs, WRB Hidden GAPs, Key Market Events, WRB Zones, Swing Points, Strong Continuation price actions, Contracting Volatility, Questions or Posting of Trades).
[14:01] <wrbtrader> Archive chat logs stored @ http://www.thestrategylab.com/ftchat/forum/
[14:01] <wrbtrader> That will keep you from being permanentely BANNED
[14:02] <mtntrader> Short ES 2090.25
[14:02] <wrbtrader> If you're a fee-base client and you need to talk to me about your trades in real-time...you can still contact me via Skype as most members do.
[14:03] <wrbtrader> My Skype user name is kebec2002
[14:03] <wrbtrader> I will delete my user name message from the chat logs before posting to prevent spammers and spambots from collecting it.
[14:04] <wrbtrader> Once again, I will repost this messages on Wednesday, Thursday, Friday, Saturday and Sunday.
[14:06] <mtntrader> Out 1/2 at 2088.50
[14:07] <mtntrader> Out balance at 2089.50
[14:11] <wrbtrader> Emini ES futures inside the range of a prior trade signal...a WRB Zone via Chapter 3
[14:11] <wrbtrader> Its also retesting a prior Down WRB Hidden GAP interval 1min chart
[14:16] <wrbtrader> Shorts Emini TF @ 1259.90 -> small size
[14:17] <wrbtrader> 2 contracts
[14:17] <wrbtrader>
[14:18] <wrbtrader> geeesh
[14:18] <mtntrader> Short ES 2088.25
[14:18] <wrbtrader> WRB pt1 reached
[14:19] <wrbtrader> I knew right away on that entry into Emini TF futures that I should have stayed with Emini ES futures with a large size position
[14:19] <mtntrader> Ha
[14:20] <mtntrader> First target 2085.00
[14:24] <wrbtrader> Covered all Emini TF Short @ 1259.40 --> + 0.5
[14:24] <mtntrader> Out all at 2087.50, +.75
[14:25] <wrbtrader> Emini ES futures still inside the regular session GAP of Friday
[14:25] <mtntrader> Short ES 87.25, re entry
[14:26] <wrbtrader> Shorts Emini ES @ 2087.00 -> large size
[14:27] <wrbtrader> 10 contracts
[14:27] <wrbtrader> and now the contraction tries to show up after my entry
[14:28] <wrbtrader> not cool
[14:28] <wrbtrader> contract scares me at this time of the trading day in the Emini futures
[14:29] <wrbtrader> Covered all Emini ES Short @ 2087.00 --> 0
[14:29] <wrbtrader> sideline...will just watch a little
[14:30] <wrbtrader> Emini ES harder now to push lower
[14:35] <mtntrader> Covered all at 2086.50, +.75
[14:36] <wrbtrader> a little squeeze here after all those contracts showed up around 2086.25
[14:37] <wrbtrader> Emini ES futures now retesting the S area of its most recent Down WRB Hidden GAP interval 1min chart
[14:38] <wrbtrader> In contrast, Emini TF futures is retesting the R area of its most recent Down WRB Hidden GAP interval
[14:38] <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.scribd.com/wrbtrader
[14:42:17] <wrbtrader> more contraction in the volatility showing up again
[14:49:46] <wrbtrader> Emini TF futures struggling at the reaction high of 1355pm est
[14:50:34] <mtntrader> Short ES 2088.50
[14:51:40] <wrbtrader> Shorts Emini TF @ 1260.20 -> small size
[14:51:55] <wrbtrader> 1 contract
[14:52:05] <wrbtrader> my last trade of the day
[14:52:30] <wrbtrader> I'm in profit protection mode reason why i switch back to Emini TF and via only 1 contract
[14:55:09] <mtntrader> Covered all 2087.50, +1.0
[14:57:32] <bilskro> TF contracting to no movement
[14:57:59] <bilskro> so had to explode soon
[14:58:04] <wrbtrader> Yeah, and its trying to form a wedge like price ation on the 1min chart
[14:58:24] <bilskro> exactly what I was seeing
[14:59:27] <wrbtrader> everything now in place for a volatility spike...
[14:59:44] <wrbtrader> will it spike price higher or lower
[14:59:57] <Corner> What's missing is the spike :-)
[15:00:00] <wrbtrader> I'm already in a small short position.
[15:00:11] <wrbtrader> I need to be careful here
[15:00:24] <wrbtrader> tightning stop/loss protection
[15:01:05] <Corner> GC already started to move
[15:01:11] <wrbtrader> Covered Emini TF Short @ 1260.60 --> - 0.4
[15:01:44] <wrbtrader> Emini TF futures pushed above that earlier mentioned reaction high of 1355pm est
[15:01:56] <wrbtrader> Take care all and see all tomorrow
[15:02:06] <mtntrader> Take care.
[15:02:10] <Corner> Take care and thank you
Session Time: Wed Mar 25 00:00:00 2015
[05:41:15] * Disconnected
Session Close: Wed Mar 25 05:41:15 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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