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
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
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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.
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:
050715-Key-Price-Action-Markets.png [ 1.35 MiB | Viewed 310 times ]
click on the above image to view today's price action of key markets Session Start: Thu May 07 09:29:00 2015
Session Ident: ##TheStrategyLab
[09:29:00] * Now talking in ##TheStrategyLab
[09:29:00] * 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'[09:29:00] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:29:01] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:31:25] * ChanServ sets mode: +o wrbtrader
[09:31:43] <@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. Also, you risk being permanently BANNED (no exceptions) if you consistently log into ##TheStrategyLab and you do not discuss anything related to the WRB Analysis free study guide.
[09:31:48] <Corner> Good morning all
[09:32:43] <mtntrader> GM
[09:33:37] <Tigerman__>
all
[09:36:55] <@wrbtrader> I see good looking WRB Hidden GAP intervals in Gold GC futures, Crude Oil CL futures, DAX futures, Emini futures and Forex EurUsd currency markets
[09:37:18] <@wrbtrader> Shouldn't be difficult to find something useful to look for trade signals within
[09:37:39] <@wrbtrader> Price Action Trading
[09:38:08] <mtntrader> Do you ever trade the DAX, wrb?
[09:38:35] <@wrbtrader> Not anymore because of the time zone I live in but its one of my 3 favorites
[09:38:50] <Corner> The other two are??
[09:39:03] <@wrbtrader> Hang Seng HSI and EuroFX 6E futures
[09:39:15] <mtntrader> Yeah, have to get up early to catch it's movement in the prime time.
[09:39:28] <@wrbtrader> Yep, something I'm not willing to do
[09:39:40] <@wrbtrader> Much easier if I lived in those time zones again
[09:40:00] <mtntrader> Did you live in Europe?
[09:40:08] <Corner> My target for the DAX is 20 points, easy to get these days...
[09:40:21] <@wrbtrader> Europe and Asia...when I was younger and single (no family)
[09:42:14] <Tigerman__> lg es 2075.25
[09:42:21] <Tigerman__> fast trade
[09:42:22] <@wrbtrader> Long Emini ES @ 2075.75 -> large size
[09:43:25] <@wrbtrader> 15 contracts and a early entry
[09:43:32] <Tigerman__> exit 2/3 2076.25 +6t
[09:44:51] <@wrbtrader> Exited all Emini ES Long @ 2077.75 --> + 2
[09:45:01] <@wrbtrader> WRB pt1 reached
[09:45:14] <Tigerman__> exit all 77.50 +9 tk
[09:47:42] <xtrader34_> Not much volatility after KME on the TF
[09:48:03] <@wrbtrader> starting to look like this little run-up to the upside was just carry over price action from yesterday's late price surge upwards...impressive movement in particular in the Emini TF futures
[09:48:49] <rwbil001> GC closed about 1/2 its open gap but now after a few up WRB HG it is in consolidation mode
[09:50:19] <Corner> CL Oil down - testing the 60 again
[09:51:35] <@wrbtrader> rwbill...check out Gold GC futures regular session low of yesterday...
[09:52:15] <Corner> CL Oil - this area is filled with "old" zones
[09:52:26] <@wrbtrader> Today's regular session intraday sessions peaked near that low of 1189
[09:52:49] <@wrbtrader> Today's regular session high is 1187.60
[09:54:10] <@wrbtrader> Gold GC futures price action trading now back inside the range of the 3min chart Up WRB Hidden GAP interval of 0921am - 0924am est
[09:54:28] <xtrader34_> GC retest of yesterdays low
[09:55:11] <Corner> CL Oil now in the area of a large WRB HG up May 5th 5min
[09:55:41] <xtrader34_> GC today's high retest of yesterday's intraday low
[09:55:43] <Tigerman__> sh es 2073 fast trade
[09:56:34] <Tigerman__> exit 2/3 71.75
[09:56:46] <Tigerman__> +5 tk
[09:58:18] <Tigerman__> exit all 71.25
[09:58:25] <Tigerman__> +7tk
[10:01:05] <Tigerman__> sh es 69.75
[10:02:27] <Tigerman__> exit 70 -1t
[10:03:07] <@wrbtrader> snapback upwards
[10:03:23] <TradeSnake______> Long GC @ 1186.2
[10:03:48] <@wrbtrader> Shorts Emini ES @ 2071.00 -> large size
[10:03:52] <TradeSnake______> missed my entry @ 1185.0
[10:03:57] <@wrbtrader> 10 contracts
[10:05:05] <Tigerman__> lg es 72.5
[10:05:07] <@wrbtrader> Covered all Emini ES Short @ 2072.50 --> - 1.5
[10:05:30] <Tigerman__> exit 2/3 73 +2t
[10:05:59] <Tigerman__> exit all 72.5 +0
[10:06:27] <@wrbtrader> I'll re-enter the short if it drops back down instead of going higher
[10:06:59] <@wrbtrader> drops back down into the price area of 2071.00
[10:07:08] <Tigerman__> lg es 73.75
[10:07:31] <Tigerman__> exit 2/3 74.5 +3t
[10:07:39] <Corner> ES Mini - a lot of "traps" in this PA
[10:08:10] <Tigerman__> exit all 74.75 +4t
[10:08:32] <Tigerman__> all my trades fast action trades
[10:08:58] <Tigerman__> tiring x eyes and fingers
[10:09:06] <Tigerman__> and my arm too
[10:11:54] <Tigerman__> sh es 2074.50
[10:12:26] <Tigerman__> exit 2/3 74 +2t
[10:12:35] <Tigerman__> exit all 74.5 +0
[10:15:24] <@wrbtrader> past 5 minutes...most of the key markets price action trading is range bound
[10:15:40] <@wrbtrader> contracting volatility also
[10:15:55] <futurestrack> waiting for a breakout from this consolidation, but which way?
[10:16:10] <@wrbtrader> I'm now looking for a volatility spike because so many markets are too contracted
[10:17:19] <@wrbtrader> Hopefully, Gold spikes higher, Crude spikes lower and Eminis spike lower...
[10:17:38] <@wrbtrader> |If that can happen...I'll be looking for signals in Eminis to get Short
[10:18:50] <Tigerman__> gas news in few minutes 10:30 am
[10:18:53] <@wrbtrader> We have a 1030am est KME via the Natural Gas Report but I don't think its big enough to bring volatility in Gold and Emini futures...maybe Crude Oil CL futures
[10:19:05] <Tigerman__> maybe it can moves markets a bit
[10:19:30] <TradeSnake______> Covered GC @ 1185.2 --> -1.2
[10:19:51] <TradeSnake______> Correction -1.0
[10:21:47] <mtntrader> A lot of coiling right here. It should spring one way or another pretty hard.
[10:23:09] <@wrbtrader> geeesh...more contraction in the volatility
[10:23:17] <@wrbtrader> It can't keep this up much longer
[10:29:43] <@wrbtrader> Emini ES futures pushed below the S area of the most recent contracting volatility area
[10:30:12] <Tigerman__> sh es 72.75
[10:30:22] <@wrbtrader> Gold GC futures below the S area of the earlier mentioned Up WRB Hidden GAP interval
[10:30:35] <@wrbtrader> it did such via a Down WRB Hidden GAP interval
[10:30:36] <Tigerman__> exit 2/3 72.25 +2t
[10:31:12] <@wrbtrader> Crude Oil CL futures volatility spiked lowered via a Down WRB Hidden GAP interval...
[10:31:43] <@wrbtrader> Shorts Emini ES @ 2072.00 -> large size
[10:31:45] <xtrader34_> wrb are you looking at a 1 min chart?
[10:31:58] <xtrader34_> 1 min CL chart?
[10:32:02] <@wrbtrader> 3min chart for Gold and CL
[10:32:09] <xtrader34_> ok
[10:32:16] <@wrbtrader> 10 contracts
[10:32:36] <Tigerman__> exit all Es @72 +3t
[10:32:55] <@wrbtrader> Emini ES futures fought back upwards
[10:33:16] <Tigerman__> ES inside range of most recend down WRB HG at 10:28 1 min
[10:34:20] <@wrbtrader> Covered all Emini ES Short @ 2071.25 --> + 0.75
[10:34:34] <Tigerman__> sh es 71
[10:34:37] <@wrbtrader> early exit
[10:35:11] <@wrbtrader> inside the price action of the prior "snapback" that caused my prior Short position to result as a loser
[10:35:43] <Tigerman__> exit all @ 70.75 +1t
[10:35:53] <@wrbtrader> It was also a Up WRB Hidden GAP interval (snapback) via the 1min chart interval
[10:38:37] <Tigerman__> big WRB HG in NG after the news
[10:39:09] <Tigerman__> price now testinh his support
[10:40:32] <Tigerman__> lg es 73.75
[10:41:04] <Tigerman__> exit 2/3 74.5 +3 t
[10:41:51] <Tigerman__> exit all rem ES @76 +9tk
[10:45:17] <Tigerman__> lg es 77
[10:45:49] <Tigerman__> exit 2/3 77.75 +3 t
[10:47:06] <Tigerman__> exit all rem 78 +4tk
[10:54:44] <Tigerman__> lg ES 2079.5
[10:55:54] <Tigerman__> exit all 79.75 +1t
[11:16:28] <xtrader34_> Back to the contraction mode for TF, CL and GC
[11:25:00] <Tigerman__> lg es 81.50
[11:25:26] <Tigerman__> exit 2/3 82 +2t
[11:26:21] <Tigerman__> exit all rem 83 +6t
[11:27:46] <Tigerman__> lg ES 84
[11:28:32] <Tigerman__> exit all 84 +0
[11:59:31] <Tigerman__> take care all see next time
[17:49:05] * Disconnected
Session Close: Thu May 07 17:49:06 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
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