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 Post subject: ##TheStrategyLab Chat Room Explained
 Post Posted: Wed Jun 01, 2011 4:28 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2255
Location: Canada
Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
Chat Room Access Instructions: http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=164&t=1862
Business Hours: 8am - 5pm est (Mon - Fri)
questions@thestrategylab.com (24/7)
http://twitter.com/wrbtrader (24/7)

##TheStrategyLab is primarily designed to be only a real-time trade journal for documentation purposes so that members can have a real time stamp archive of trades and market commentaries of each trading day. These chat logs will give users a better understanding of their broker statements from one trade to the next trade when they review their performance numbers on any given trading day while comparing the time stamps of these chat logs to their broker statements. Further, the 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 most common trading instruments you'll see discussed in ##TheStrategyLab real-time chat room are Gold GC futures, Crude Oil CL futures, Emini ES futures, Emini TF futures, Emini NQ futures, Emini YM futures, Eurex DAX futures, Forex EurUsd, QQQ, SPY, IWM, DIA and VIX. In addition, we welcome traders of other trading instruments that are listed @ http://www.thestrategylab.com/TradingInstruments.htm

Quote:
##TheStrategyLab is not a signal calling chat room, we do not offer a signal calling service and we do not have the time/energy/resources to manage ##TheStrategyLab as a signal calling chat room. Most members (including myself) post trades in real-time within about 5 seconds after the trades have been made...after getting confirmation in the broker platform.

Therefore, its impossible for you to follow (mimic/copy) my trades or the trades of any other member for the following reasons...

1) These are real trades or simulator trades (depending upon the trader posting the trades) and not signal calls. Thus, the trades you see posted in the chat room by different users are only posted after (within 5 - 10 seconds) the confirmation received in the broker platform. In contrast, a signal call chat room has one guru trader posting trades (often hypothetical) along with instructing members when to buy/sell and instructions on stop placement.

2) Our chat room requires participation to maintain its usefulness. Therefore, you will never see the real-time trades fast enough to mimic the trades from amongst commentaries by other members. Simply, you can't get similar like trade fills on the entries, exits and position size.

3) Some members do not want others trying to mimic their trades because they know that most traders that do mimic without permission...usually aren't respectful and give nothing back in return to the chat room usefulness.

4) To legally operate a signal calling chat room to prevent getting into trouble with regulatory agencies...the signal caller and chat room must operate within the guidelines of those regulatory agencies. That's another reason why our chat room is free and mimicking (copying) someone's trades is not allowed in ##TheStrategyLab...we avoid all the legalities (headaches) associated with signal calling chat rooms.

Quote:
Do not attempt to mimic the trades of any trader in ##TheStrategyLab chat room. If we suspect you've joined ##TheStrategyLab to try to use it as a signal calling chat room in an effort to piggy back (mimic or copy) someone's trades, you will be banned...no exceptions and no warnings.

Once again, ##TheStrategyLab is free and designed to be only a trade journal for documentation purposes only so that members can have a real 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. Simply, if you're attempting to use ##TheStrategyLab as a signal call chat room...you're using ##TheStrategyLab for the wrong reasons and the chat room is not suitable for you.

In addition, we welcome all traders with their own methods price action or indicators via different trading styles that's merged with concepts from WRB Analysis to help keep the chat room diversified...posting trades, price action analysis or market commentaries. Yet, if you're looking for education specifically involving trade methods of TheStrategyLab that we call WRB Analysis...you must first download and learn our WRB Analysis free study guide at a different forum @ TSL Support Forum * http://www.thestrategylab.com/tsl/forum/viewforum.php?f=119 prior to asking any questions about the trades, price action analysis or market commentaries posted by wrbtrader (owner of TheStrategyLab) in ##TheStrategyLab. WRB Analysis Tutorials will help you to understand some of the key price areas (WRB Zones) that I'm looking for trade opportunities within along with learning how to use volatility analysis to help with position size management and trade management after entry.

With that said, thanks for reading the archived chat logs and we highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful trade information not discussed anywhere else online nor in any books.

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 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 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: All logs regardless to their location at TheStrategyLab.com website are eastern standard time.

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
Price Action Only Trading (no technical indicators)
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
intradaystrategies@yahoo.com
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


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