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:
060116-Key-Price-Action-Markets.png [ 1.15 MiB | Viewed 267 times ]
click on the above image to view today's price action of key markets Session Start: Wed Jun 01 09:25:13 2016
Session Ident: ##TheStrategyLab
[09:25:13] * Now talking in ##TheStrategyLab
[09:25:13] * 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'[09:25:13] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:25:13] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:32:53] <Tigerman____>
all
[09:33:08] <mtntrader____> Morning
[09:33:22] <wrbtrader> Good morning all
[09:36:13] <Tigerman____> sh es
[09:36:15] <Tigerman____> 84
[09:36:35] <Tigerman____> exit all 83.75 +1 tk
[09:36:44] <Tigerman____> risky intuition
[09:36:54] <wrbtrader> Shorts Emini ES @ 2083.50 -> large size
[09:36:57] <Tigerman____> Kme @ 9:45 and 19
[09:37:02] <wrbtrader> 10 contracts
[09:39:17] <wrbtrader> Covered all Emini ES Short @ 2044.00 --> + 39.5
[09:39:26] <wrbtrader> incorrect...
[09:39:49] <wrbtrader> Covered all Emini ES Short @ 2084.00 --> - 0.5
[09:39:59] <wrbtrader> will try to reshort
[09:40:44] <wrbtrader> Eminis trying to build support
[09:43:06] <wrbtrader> Shorts Emini ES @ 2084.25 -> large size
[09:43:15] <wrbtrader> 10 contracts
[09:43:19] <wrbtrader> re-entry
[09:43:54] <wrbtrader> Covered all Emini ES Short @ 2085.00 --> - 0.75
[09:44:12] <wrbtrader> volatility slowly increasing
[09:44:39] <wrbtrader> I've still not gotten any bullish signals after that support showed up
[09:46:26] <Tigerman____> sh es 84.50
[09:46:44] <Tigerman____> exit all 84.75 -1 tk
[09:46:58] <Tigerman____> jun k action
[09:48:57] <werner>
all
[09:50:26] <wrbtrader> Long Emini ES @ 2086.25 -> large size
[09:50:34] <wrbtrader> 10 contracts
[09:51:26] <Tigerman____> lg es 86.50
[09:51:34] <Tigerman____> exit all 86 -2t
[09:53:46] <wrbtrader> pending 1000am KME
[09:53:46] <TradeSnake______> KME @ 10am - ISM Manufacturing PMI
[09:53:50] <wrbtrader>
[09:54:10] <Tigerman____> lg es 86.50
[09:54:16] <Tigerman____> exit all .50
[09:54:34] <Tigerman____> I ll try to post ALL my trades
[09:54:56] <Tigerman____> not easy I m very fast in / out
[09:55:07] <Tigerman____> thatds good x docs
[09:55:21] <Tigerman____> maybe I scalp too much
[09:56:00] <wrbtrader> I don't like what Emini TF futures is doing right now
[09:56:33] <wrbtrader> Exited all Emini ES Long @ 2085.75 --> - 0.5
[09:57:02] <wrbtrader> Shorts Emini ES @ 2085.25 -> large size
[09:57:07] <wrbtrader> 20 contracts
[09:57:14] <wrbtrader> increasing volatility
[09:57:22] <wrbtrader> Emini TF gave me the clue
[09:59:35] <Tigerman____> sh es 84
[09:59:40] <Tigerman____> exit all 85
[09:59:47] <Tigerman____> I chased the entry before
[10:00:20] <Tigerman____> hope kme bring something becausze till now is junk
[10:01:23] <werner> Long Emini NQ @ 4506.48
[10:01:44] <werner> Long Emini NQ @ 4506.50
[10:02:03] <werner> Exited all Emini NQ Long @ 4507.25 --> + 0.75
[10:02:10] <wrbtrader> algo snapback UP and then algo snapback Down
[10:02:15] <werner> pff pick money
[10:02:17] <wrbtrader> Bronco Rodeo Ride
[10:02:26] <werner> that wrb pt 1
[10:03:26] <wrbtrader> Covered all Emini ES Short @ 2086.50 --> - 1.25
[10:04:19] <wrbtrader> Long Emini ES @ 2087.25 -> large size
[10:04:26] <wrbtrader> 20 contracts
[10:04:59] <wrbtrader> If it can get 2089.00
[10:05:21] <wrbtrader> I should be able to manage my trail properly becaus eright now its too choppy
[10:05:52] <Tigerman____> lg es 87
[10:06:03] <Tigerman____> exit 85 -8tk
[10:06:12] <Tigerman____> it retrcaed fast
[10:06:51] <Tigerman____> lg es 86.75
[10:07:10] <Tigerman____> exit 87.25 +2 tk
[10:07:21] <Tigerman____> I need my loss small
[10:07:31] <wrbtrader> volatility spike again
[10:08:01] <wrbtrader> Exited all Emini ES Long @ 2090.25 --> + 3
[10:08:48] <werner> vn
[10:09:15] <wrbtrader> WRB pt1 reached on that exit
[10:28:31] <wrbtrader> another strange trading day
[10:29:03] <wrbtrader> I did not expect that type of volatility on this KME because I did not see much hyping about it in the last few trading days
[10:29:19] <Tigerman____> yeah the problem is : unless one has a ton of experience this days cause lot of loss
[10:29:34] <mtntrader____> It is strange. But it is good to at least see some movement, after last week.
[10:29:37] <wrbtrader> Maybe something to do with the U.S. Memorial Day didn't allow much hyping
[10:29:52] <wrbtrader> Yeah, movement last week was bad
[10:30:49] <Tigerman____> not economy news strong enought to atract people
[10:31:19] <Tigerman____> the lot of hft ruin most of inefficencies
[10:31:42] <Tigerman____> the now is summer time
[10:38:49] <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.
[10:41:59] <Tigerman____> umm today seems every trade I do is a loss
[10:43:57] <wrbtrader> I had 4 consecutive losing trades before I got my only winner
[10:45:26] <Tigerman____> yeah issue is keep losss small NOT easy
[10:45:38] <mtntrader____> Opposite of yesterday, but you are profitable.
[10:46:08] <Tigerman____> I mean if tto small is hit and then price foes in planned direction
[10:46:20] <Tigerman____> foes = goes
[10:46:33] <Tigerman____> if larger is hard then recup
[10:47:04] <Tigerman____> simply more vola is tighter more trading is VERY difficult
[10:48:03] <werner> back
[10:53:23] <wrbtrader>
[10:53:48] <wrbtrader> I was too slow...no fill @ 2089.75
[10:54:24] <wrbtrader> too much overanalysis causing the slow reaction
[11:02:48] <werner> Long Emini NQ @ 4526.50
[11:03:46] <werner> Exited all Emini NQ Long @ 4529.00 --> + 2.5
[11:12:26] <werner> Long Emini NQ @ 4529.25
[11:12:41] <wrbtrader> Long Emini ES @ 2094.50 -> large size
[11:12:56] <wrbtrader> 10 contracts
[11:13:34] <wrbtrader> Exited all Emini ES Long @ 2094.00 --> - 0.5
[11:14:10] <wrbtrader> I put that order out there just in case in spiked again
[11:14:24] <wrbtrader> Unfortunately there was very little volatility on the fill
[11:14:46] <wrbtrader> lesson learned again
[11:18:05] <werner> Exited all Emini NQ Long @ 4527.50 --> - 1.75
[11:25:23] <werner> Shorts Emini NQ @ 4527.00
[11:28:48] <werner> Covered all Emini NQ Short @ 4523.00 --> + 4
[11:29:34] <werner> wrb pt 1 2'
[11:36:12] <wrbtrader> Emini ES futures at the S area of a Up WRB Hidden GAP interval 2min chart
[11:38:59] <wrbtrader> now below that S area
[11:43:01] <werner>
[11:44:33] <wrbtrader> Long Emini ES @ 2091.50 -> large size
[11:44:43] <wrbtrader> 10 contracts
[11:48:26] <lightenup1> Lon YM 17726
[11:50:47] <lightenup1> Flat YM 17736 +10
[11:52:08] <wrbtrader> Exited all Emini ES Long @ 2091.75 --> + 0.25
[11:52:24] <wrbtrader> early exit
[11:52:34] <lightenup1> WRB Point 1 reached 3 min
[11:52:48] <wrbtrader> be back in 15min...gotta take some medicine for a bad cough
[12:00:16] <Tigerman____> take care all see next tim e
[14:01:37] <wrbtrader> Someone asked me why I don't trade all day like everybody else
[14:01:51] <wrbtrader> I replied, I didn't know everybody traded "all day"
[14:02:07] <mtntrader____> Ha
[14:02:39] <wrbtrader> I always thought most traders probably traded 2 - 5 hours per day and often those hours are broken into segments
[14:03:13] <wrbtrader> He then became a smarty pants in his next reply...
[14:03:20] <wrbtrader> He said the following...
[14:03:54] <wrbtrader> "If you think you're a good trader, you would trade all day and become rich"
[14:05:23] <wrbtrader> I told him I'm not single, I have a family, I have a social life, I need to
and I value my health more than sitting at a monitor 12 - 24 hours each trading day.
[14:05:48] <wrbtrader> I also told him I "never say I'm a good trader".
[14:06:10] <wrbtrader> That's his own interpretation of me
[14:07:05] <wrbtrader> I guess he's never in here like today...
[14:07:25] <wrbtrader> 5 losers and 2 winners and a little profitable
[14:07:32] <wrbtrader>
[14:07:45] <wrbtrader> At one point...4 consecutive losing trades
[14:08:31] <wrbtrader> Position size management is saving my butt so far today as it should be doing on tough trading days for me
[14:10:38] <mtntrader____> From my limited experience here, you seem to trade during the most productive parts of the session. Once in a while I will get a good mid-day trade when you are away, but that's rare.
[14:12:28] <wrbtrader> Yeah, many years ago I figure out when most of my losses were occurring after someone did some "heat map" statistics on my trading
[14:12:58] <wrbtrader> I became very consistent when I limited my trading during those problematic time periods
[14:37:04] <winmax60> thanks for telling, mark... something i should take it deep for learning... :-)
[14:57:13] <wrbtrader> Long Emini ES @ 2096.75 -> large size
[14:57:22] <wrbtrader> 10 contracts
[15:01:09] <wrbtrader> sneaky price up movement right now
[15:01:31] <wrbtrader> I have no WRB pt1 and its up on very little volatility
[15:01:54] <wrbtrader> I need to be careful of those "algo snapbacks" in situations like this
[15:02:17] <wrbtrader> Exited all Emini ES Long @ 2097.25 --> + 0.5
[15:25:23] <wrbtrader> Long Emini ES @ 2099.00 -> small size
[15:25:29] <wrbtrader> 5 contracts
[15:26:18] <wrbtrader> Exited all Emini ES Long @ 2098.25 --> - 0.75
[15:27:23] <wrbtrader> Other Eminis were sluggish and I thought they would try to catch up and that would push Emini ES and TF a little higher or at least stall and hold until more volatility show up
[15:27:31] <werner> sideways ...today:(
[15:30:39] <wrbtrader> Long Emini ES @ 2098.25 -> small size
[15:30:51] <wrbtrader> re-entry 5 contracts
[15:33:37] <werner> Shorts Emini NQ @ 4522.00
[15:35:19] <werner> Covered all Emini NQ Short @ 4520.75 --> + 1.25
[15:39:38] <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 [15:42:33] <wrbtrader> Exited all Emini ES Long @ 2098.50 --> + 0.25
[15:42:55] <wrbtrader> too much of a fight
[15:42:59] <wrbtrader> early exit
[15:43:03] <wrbtrader> not a WRB pt1
[15:47:32] <wrbtrader> We've been in this low volatility trading conditions for several weeks now...its forced me to drop my overall position size along with there being less trade opportunities
[15:54:23] <werner> gn ;(
[15:54:32] <werner>
[15:54:43] <werner> hihi sorry
[15:59:21] <wrbtrader> Long Emini ES @ 2096.25 -> small size
[15:59:29] <wrbtrader> 5 contracts
[16:00:39] <wrbtrader> Exited all Emini ES Long @ 2097.00 --> + 0.75
[16:01:04] <wrbtrader> I need to go early today.
[16:01:24] <wrbtrader> Thus, I can't hold that trade intot the maintenance period
[16:01:25] <mtntrader____> Take care all.
[16:01:31] <wrbtrader> Take care all and see all tomorrow
[17:05:52] * Disconnected
Session Close: Wed Jun 01 17:05:52 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