Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
Free Chat Room:
http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164Business Hours: 8am - 5pm est (Mon - Fri)
wrbanalysis@gmail.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.
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=164 ##TheStrategyLab Archive Chat Logs Attachment:
071015-Key-Price-Action-Markets.png [ 1.02 MiB | Viewed 323 times ]
click on the above image to view today's price action of key markets Session Start: Fri Jul 10 09:03:30 2015
Session Ident: ##TheStrategyLab
[09:03:30] * Now talking in ##TheStrategyLab
[09:03:30] * 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'[09:03:30] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:03:41] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:32:35] <Corner> Good morning all
[09:41:36] <wrbtrader> Most everybody is worry about Greece...forgetting about China's meltdown
[09:42:25] <wrbtrader> 1) 3.9 trillion dollars wipeout since June 12 in China's markets
[09:42:48] <wrbtrader> 2) 1400 chinese stock companies have halted trading
[09:43:45] <wrbtrader> 3) Volatility in the Chinese markets is 5.3x bigger than our VIX in the past month comparison to traditionally being about the same
[09:44:17] <wrbtrader> 4) 232 billion in margin debt...quadruple in one month
[09:44:45] <wrbtrader> If Greece is a ticking bomb...China is a nuclear warhead
[09:45:37] <wrbtrader> Something to thing about when swing trading and holding overnight positions exposed to these global economic events
[09:45:46] <wrbtrader> thing = think
[09:46:09] <wrbtrader> Simply, make sure you use stops...shit happens
[09:47:58] <wrbtrader> Shorts Emini ES @ 2065.75 -> large size
[09:48:06] <wrbtrader> 20 contracts
[09:50:54] <wrbtrader> Covered all Emini ES Short @ 2066.00 --> - 0.25
[09:51:30] <wrbtrader> If been doing that Short bias trade out of the gate based upon the global events...
[09:52:10] <wrbtrader> Today the markets are a little different...maybe that's why there's more hesitation to drop suddenly before finding some feet to stand up on
[09:55:11] <wrbtrader> Shorts Emini ES @ 2065.75 -> large size
[09:55:20] <wrbtrader> re-entry
[10:00:23] <wrbtrader> Covered all Emini ES Short @ 2064.25 --> + 1.5
[10:01:19] <wrbtrader> 2064.25 was a WRB pt1...my trail after it hit 2063.50
[10:01:43] <wrbtrader> Trade goal was a WRB pt3...obviously didn't get there
[10:20:15] <wrbtrader> Extreme low volatility now in the Eminis, tight trading range with "a little" chop
[10:20:44] <wrbtrader> Simply, so far its a "watch the paint dry" trading session
[10:39:13] <wrbtrader> Shorts Emini ES @ 2063.25 -> large size
[10:39:33] <wrbtrader> 10 contracts
[10:43:00] <robbin_banks> wrbtrader was your signal via the 3 min time frame on that last trade?
[10:43:17] <wrbtrader> No signal
[10:43:55] <robbin_banks> ahh thank you cause i just couldnt figure that one out ...thank again
[10:44:14] <wrbtrader> Same initial trades as prior days involving Greece and China
[10:45:20] <robbin_banks> yes sir i understand
[10:45:27] <wrbtrader> I'm just trading the "market context" of the day
[10:48:31] <robbin_banks> understood ...i was just wondering if i missed a signal or something
[10:48:48] <robbin_banks> that was a great entry
[10:52:20] <wrbtrader> Covered Remainder Emini ES Short @ 2062.50 --> + 0.75
[10:55:18] <robbin_banks> wrbtrader...do you ever use the 45 second chart or lower? or is the 1 min as low as you go?
[10:56:58] <wrbtrader> I've tried lower than 1min...
[10:57:02] <wrbtrader> Too fast for me
[10:57:08] <wrbtrader> Too stressful
[10:58:11] <robbin_banks> this is true..me as well...yet i contunie to try for some reason..probably greed
[11:04:59] <wrbtrader> The price action has open up a little
[11:05:04] <wrbtrader> in the Emini futures
[11:05:23] <wrbtrader> Unfortunately its move back inside the prior low volatility tight trading range
[11:15:12] <wrbtrader> Long Emini ES @ 2066.25 -> small size
[11:15:24] <wrbtrader> 5 contracts
[11:16:10] * ChanServ sets mode: +o wrbtrader
[11:16:22] <@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.
[11:23:45] <@wrbtrader> Exited all Emini ES Long @ 2069.00 --> + 2.75
[11:23:54] <@wrbtrader> WRB pt2 reached
[11:23:59] <@wrbtrader> early exit
[11:24:05] <@wrbtrader> goal was a WRB pt3
[11:24:41] <@wrbtrader> I'm calling it quits early today...after a big week of very aggressive trading by me...
[11:24:58] <@wrbtrader> I just don't have anymore mental energy to concentrate properly
[11:25:15] <@wrbtrader> Take care all, have a good weekend and see all on Monday
[11:35:57] <jkarn> Have a nice weekend. Thank you.
[11:59:54] <TradeSnake______> Long GC @ 1161.1
[12:14:11] <TradeSnake______> Covered GC @ 1163.3 --> +2.2
[21:24:51] * Disconnected
Session Close: Fri Jul 10 21:24:51 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
wrbanalysis@gmail.comGo Back To TheStrategyLab.com Homepage