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:
011116-Key-Price-Action-Markets.png [ 1.12 MiB | Viewed 315 times ]
click on the above image to view today's price action of key markets Session Start: Mon Jan 11 09:32:20 2016
Session Ident: ##TheStrategyLab
[09:32:20] * Now talking in ##TheStrategyLab
[09:32:20] * 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'[09:32:20] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:32:20] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:35:13] <Corner> Good morning all
[09:37:00] <Corner> Markets recovered from lows after China -5% again
[09:39:09] <Corner> Short ES 1921.50
[09:40:06] <Lightenup1> short tf 1045.50
[09:40:28] <Corner> Exit ES 1921.50 +0.00
[09:40:34] <Lightenup1> Flat TF 1045.20 +.3
[09:40:43] <patrader> Oil at 12 year lows
[09:41:27] <Corner> Short ES 1921.50 re-entry
[09:42:31] <Corner> Exit ES 1920.50 +1.00 :-(
[09:43:57] <Corner> ES Mini at support of 15min WRB-HG
[09:44:02] <Tigerman_____>
all
[09:44:11] <Tigerman_____> choppy market
[09:44:27] <Tigerman_____> not big news on sight
[09:44:33] <Tigerman_____> simply hard day to trade
[09:45:00] <Corner> tigerman - day is not over :-)
[09:47:20] <kadtje> hello all
[09:47:37] <Corner> Has anyone experience with 4k monitors for trading?
[09:48:24] <wrbtrader> The CME made changes in the decimalization (adding a zero to it) of the EuroFX 6E futures and Eur/Usd...essentially making it more attractive to High Frequency Trading (HFT)
[09:48:26] <wrbtrader>
[09:49:17] <Corner> wrbtrader - they know where the volume comes from...
[09:49:24] <wrbtrader>
http://www.cmegroup.com/tools-informati ... R-7425.pdf[09:49:42] <wrbtrader> Yep
[09:49:49] <Corner> Short ES 1919.00
[09:50:00] <Corner> Now below support area
[09:50:52] <Corner> Exit ES 1917.00 +2.00
[09:52:06] <Corner> Scalping the 15min for 2 points not that wise... :-(
[09:54:00] <wrbtrader> Shorts Emini ES @ 1916.50 -> large size
[09:54:24] <wrbtrader> 10 contracts
[09:56:32] <platform115> US Employment Index in 5min, maybe that will do something
[09:59:57] <wrbtrader> Covered all Emini ES Short @ 1915.75 --> + 0.75
[10:10:08] <wrbtrader> The speed of the price action has picked up
[10:10:35] <wrbtrader> We should get a WRB Hidden GAP interval soon out of this type of increasing speed
[10:15:36] <wrbtrader> Shorts Emini ES @ 1916.25 -> large size
[10:15:43] <Tigerman_____> untill now price action is ugly in ES
[10:15:43] <wrbtrader> 15 contracts
[10:15:46] <wrbtrader> re-entry
[10:16:19] <wrbtrader> there's that speed again in the price action
[10:19:34] <Lightenup1> gap fill in all e minis execpt Dow
[10:20:35] <wrbtrader> Covered all Emini ES Short @ 1914.75 --> + 1.5
[10:27:54] <platform115> Short ES @ 1917
[10:28:59] <platform115> Covered ES @ 1916 +1
[10:39:00] <wrbtrader> Eminis returned to a price area on that spike up that had been a prior "stuck in the mud" area
[10:40:03] <Senge> Is that a WRB term?
[10:42:20] <Senge> Short ES @ 1918
[10:44:44] <Senge> Exit ES @ 1921 -3
[10:50:31] <wrbtrader> Shorts Emini ES @ 1916.00 -> large size
[10:50:38] <wrbtrader> 10 contracts
[10:51:32] <wrbtrader> so far I've gotten away with having consecutive trades near the same price area
[10:53:05] <wrbtrader> WRB pt1 reached on the volatility spike
[10:54:48] <wrbtrader> Covered all Emini ES Short @ 1910.75 --> + 5.25
[10:55:21] <wrbtrader> early exit
[10:56:27] <wrbtrader> I got a little confused about SPY because it looked like it had reached yesterday's lows and I then thought Emini ES did the same...so I dumped it
[10:56:48] <wrbtrader> Then I checked the charts a 2nd time after the exit and saw that I was wrong
[10:57:02] <wrbtrader> now its there
[10:59:42] <Lightenup1> Dow now filled gap
[11:10:15] <wrbtrader> Emini NQ futures 1min chart has its recent contracting volatility intervals near the S area of its most recent Down WRB Hidden GAP interval
[11:11:17] <wrbtrader> I need to see this retracement go a little higher
[11:12:59] <wrbtrader> Long Emini ES @ 1909.25 -> small size
[11:13:08] <wrbtrader> 5 contracts
[11:13:26] <wrbtrader> should be a good fight in this area
[11:16:26] <wrbtrader> Exited all Emini ES Long @ 1910.75 --> + 1.5
[11:16:42] <wrbtrader> WRB pt1 reached
[11:17:30] <wrbtrader> I didn't want to try for a WRB pt2 for fear one of those snapbacks (Down) would show up
[11:25:42] <Corner> CL pushing lower
[11:26:28] <Corner> Putin had an interview with a German newspaper
[11:26:57] <Corner> He stated, that Russias biggest problem is the low oil price
[11:31:55] <Corner>
http://www.bild.de/politik/ausland/wlad ... .bild.html[11:47:39] <wrbtrader> hopefully this snapback attempt stalls
[11:48:15] <wrbtrader> Long Emini ES @ 1914.25 -> small size
[11:48:26] <wrbtrader> 5 contracts
[11:49:48] <wrbtrader> Exited all Emini ES Long @ 1914.25 --> 0
[11:50:48] <wrbtrader> Long Emini ES @ 1914.75 -> large size
[11:50:55] <wrbtrader> 10 contracts
[11:50:58] <wrbtrader> re-entry
[11:53:36] <wrbtrader> Exited all Emini ES Long @ 1918.25 --> + 3.5
[11:53:54] <wrbtrader> WRB pt1 reached
[11:55:07] <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.
[11:55:35] * ChanServ sets mode: +o wrbtrader
[11:55:55] <patrader> CL pushing up. Testing the most recent WRBHG down (3 min chart).
[11:57:31] <@wrbtrader> Unreal price drop in Crude Oil CL futures since summer of 2014
[11:58:40] <@wrbtrader> I remember back then thinking that those analyst were CRAZY to be saying $25 dollar oil would appear within a few years when oil had dropped to $90
[11:59:29] <Tigerman_____> creazy too some analyst predict Oil over 200$
[11:59:37] <patrader> I know. It's really amazing.
[11:59:46] <@wrbtrader> Yet, when I saw all those towns dry up (vacant apartments, vacant homes, foreclosures) in town dependent upon the oil business when it dropped to $70s...
[11:59:59] <@wrbtrader> I can't imagine what those places must look like now
[12:00:50] <Tigerman_____> nice for people like long car rides
[12:00:56] <Tigerman_____> cheaper now
[12:01:22] <Tigerman_____> only in some country over 60% in fuel at pump is tax
[12:15:07] <TradeSnake______> Short YM @ 16299
[12:18:27] <TradeSnake______> Covered YM @ 16282 --> +17
[12:18:36] <TradeSnake______> Pt1 reached
[12:19:45] <Corner> CL and ES in sync - pushing lower
[12:26:25] <@wrbtrader> Shorts Emini ES @ 1907.75 -> large size
[12:26:38] <@wrbtrader> 25 contracts
[12:30:01] <@wrbtrader> Covered Emini ES Short @ 1906.50 --> + 1.25
[12:30:05] <@wrbtrader> Holding 15 contracts remainder
[12:30:12] <@wrbtrader> WRB pt1 reached
[12:31:51] <@wrbtrader> Covered Remainder Emini ES Short @ 1908.50 --> - 0.75
[12:34:24] <@wrbtrader> Shorts Emini ES @ 1908.75 -> large size
[12:34:38] <@wrbtrader> 15 contracts
[12:34:42] <@wrbtrader> re-entry
[12:42:16] <@wrbtrader> Covered all Emini ES Short @ 1906.00 --> + 2.75
[12:49:46] <Tigerman_____> take care all see next time
[13:39:19] <kadtje> Shorts Emini NQ @ 4227.75
[13:39:36] <kadtje> Covered all Emini NQ Short @ 4223.75 --> + 4
[14:07:39] <@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 [14:15:35] <@wrbtrader> Shorts Emini ES @ 1902.25 -> small size
[14:15:50] <@wrbtrader> 5 contracts
[14:17:04] <@wrbtrader> Covered all Emini ES Short @ 1903.50 --> - 1.25
[14:17:54] <@wrbtrader> Long Emini ES @ 1904.50 -> small size
[14:20:47] <@wrbtrader> Exited all Emini ES Long @ 1904.50 --> 0
[14:22:01] <@wrbtrader> back inside that price action I thought was bearish earlier
[14:23:31] <@wrbtrader> Long Emini ES @ 1904.25 -> large size
[14:23:39] <@wrbtrader> 10 contracts
[14:23:42] <@wrbtrader> re-entry
[14:24:00] <@wrbtrader> speed trying hard to pick up
[14:24:29] <@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.
[14:26:59] <@wrbtrader> Exited all Emini ES Long @ 1904.75 --> + 0.5
[14:27:12] <@wrbtrader>
[14:29:18] <@wrbtrader> I got pick pocketed (trail stolen) and then it spikes upwards
[14:29:24] <@wrbtrader> Take care all and see all tomorrow
[14:29:36] <Corner> Take care
[15:21:07] <kadtje> gn all
[22:08:24] * Disconnected
Session Close: Mon Jan 11 22:08:24 2016
-------------------------
##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.com