Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
Free Chat Room:
http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164 M.A. Perry a.k.a. wrbtrader (more info about me):
http://www.thestrategylab.com/wrbtrader.htmTheStrategyLab Reviews:
http://www.thestrategylab.com/thestrategylab-reviews.htmBusiness Hours: 8am - 5pm est (Mon - Fri)
wrbanalysis@gmail.com (24/7)
Twitter @
http://twitter.com/wrbtrader (24/7)
Stocktwits @
http://stocktwits.com/wrbtrader (24/7)
##TheStrategyLab primary purpose is for you to post your WRB Analysis, post your price action analysis, ask real-time questions about WRB Analysis or post your real-time trades in a timestamp environment...the
free chat room is a
trade journal of your trading day (thoughts and trades). In fact, if you think the only feedback you need is your broker statements...the free chat room will be a waste of your time and you will increase the odds of
failing at trading.
The free chat room is located on the Freenode IRC network along with being a serious professional trading chat room for traders that want to talk about
your use of
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) merged with
your trade methods to improve the performance of their trade methods regardless if you're a
position trader, swing trader or day trader. Therefore, you're welcome to use the free chat room to ask questions about WRB Analysis, post your 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 Review - This is
not a signal calling trading room. We have no interest in trading rooms where a head trader tells other traders when to buy and sell because the business model for such isn't suitable for helping traders to succeed as independent traders. This chat room is
free and many years ago it was started by users of WRB Analysis. Our job is to
moderate (keep the peace between members) the chat room and to answer any questions involving WRB Analysis. Once again, the
purpose of the free chat room is 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 thoughts and how you interacted with the markets on any given trading day in the past. Therefore, if you use the 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. Thus, the usefulness of ##TheStrategyLab chat room is determined via
your participation in the chat room.
Yet, you're
not require to use the free chat room as a trade journal to get help with your trading. Instead, as recommended by some users of WRB Analysis, you can use professional trade journal services such as tradebench.com, edgewonk.com, tradervue.com, tradingdiarypro.com, stocktickr.com, journalsqrd.com, tradingdiary.pro, mxprofit.com or trademetria.com for
quantitative statistical analysis of their trading
in combo with our
chat room or your
private thread to discuss with us the statistical analysis of your trading so that we can help you to improve your use of WRB Analysis. You can then request a private thread for you to share the professional trade journal analysis of your trading with us for us to review. Therefore, you have many choices. You can use our chat room (you maintain your own statistics) as a trade journal or you can use professional trade journal services to do the work for you.
Also, do
not attempt to use our chat room as a signal calling trade room via trying to mimic (copy) trades posted by members. If you do such, you will be KICKED from the chat room without warning. In fact, most of the negative commentary about TheStrategyLab website is by traders
after we've removed them from the free chat room, removed them from the forum or removed them from the website for violating our
terms of use policy.
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
reviewing (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 Attachment:
100317-Key-Price-Action-Markets.png [ 1.01 MiB | Viewed 376 times ]
click on the above image to view today's price action of key markets ##TheStrategyLab Archive Chat Logs Session Start: Wed Sep 27 09:30:55 2017
Session Ident: ##TheStrategyLab
[09:30:55] * Now talking in ##TheStrategyLab
[09:30:55] * 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'[09:30:55] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:30:56] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:37:04] <Tigerman______>
all
[09:37:09] <Tigerman______> ES open with big gap
[09:37:23] <Tigerman______> just try to move upper
[09:37:29] <Tigerman______> just did some fast long
[09:37:49] <Tigerman______> not a strong move now
[09:38:27] <Tigerman______> FDAX contracting inside most recent up WRB hg
[09:39:41] <Tigerman______> volatility and options seems better today vs others day
[09:39:52] <Tigerman______> more in sync
[09:40:27] <Tigerman______> DJ is the confusest index so far
[09:51:59] <wrbtrader> Yes
[09:52:57] <wrbtrader> Also, I have no WRB Zones up here at these levels for Emini ES futures but I do for Emini NQ futures via 2 hourly chart
[09:54:16] <Tigerman______> yeah price try to climb near all time high
[09:54:28] <wrbtrader> Hopefully some new Zones form or long shadow intervals show up
[10:14:32] <Tigerman______> 10:30am ooil nes
[10:14:36] <Tigerman______> oil
[10:33:30] <wrbtrader> Emini ES futures trying hard to push below the most recent reaction low
[10:33:48] <wrbtrader> Other key markets not doing the same
[10:34:31] <wrbtrader> Shorts Emini ES @ 2498.50 -> small size
[10:34:39] <wrbtrader> 3 contractes
[10:34:47] <wrbtrader> intuition
[10:35:57] <wrbtrader> Oil news volatility spike
[10:36:27] <wrbtrader> Covered all Emini ES Short @ 2497.00 --> + 1.5
[10:36:37] <wrbtrader> WRB pt1 reached
[10:37:11] <wrbtrader> Emini NQ futures below its most recent reaction low
[10:40:21] <wrbtrader> Shorts Emini ES @ 2496.50 -> small size
[10:40:30] <wrbtrader> 3 contracts
[10:40:47] <wrbtrader> missed the trade @ 2497.00
[10:41:30] <wrbtrader> wanted to short that as it dropped below another reaction low of 0545am est
[10:42:26] <wrbtrader> Covered all Emini ES Short @ 2497.00 --> - 0.5
[10:45:17] <werner> hi all...had some health props ....back in business.
[10:48:11] <wrbtrader> Hope the health is ok now
[10:48:38] <Tigerman______> hi werner
[10:51:14] <werner> yep its ok now wrb
[10:52:13] <wrbtrader> Gotta be careful these days
[10:53:21] <wrbtrader> Shorts Emini ES @ 2495.50 -> small size
[10:53:33] <wrbtrader> 3 contracts
[10:53:41] <werner> Shorts Emini NQ @ 5912.50
[10:53:59] <wrbtrader> It move fast through the reaction low of 2496.00
[10:54:42] <wrbtrader> Emini NQ futures now below the S area of its most reacent Up WRB Hidden GAP interval
[10:54:48] <werner> Covered all Emini NQ Short @ 5910.50 --> + 2
[10:56:27] <wrbtrader> Covered all Emini ES Short @ 2493.75 --> + 1.75
[10:58:18] <wrbtrader> Eurex DAX futures still rangebound...sitting near the R area of its most recent Up WRB HIdden GAP interval - 15min chart
[10:59:12] <wrbtrader> werner...if you don't mind me asking...what was wrong
[11:00:10] <wrbtrader> Eurex FDAX futures now below that R area
[11:01:33] <werner> wrb :gout in my ankle and dram clogging
[11:02:20] <werner> gout is cronic
[11:02:36] <werner> 2 times i 3 weeks
[11:02:49] <werner> in
[11:06:06] <werner> firts right ankle now left
[11:09:06] <Tigerman______> take care all see next time
[11:12:34] <wrbtrader> My grandmother would make tea tonics out of leaves and bark from a type of tree for gout illness
[11:12:52] <wrbtrader> I remember as a kid it was horrible tasting but worked great
[11:21:22] <werner> lol ....grandmother's medicine
[11:34:13] <werner> Shorts Emini NQ @ 5915.00
[11:36:05] <werner> Covered all Emini NQ Short @ 5912.00 --> + 3
[11:50:43] <werner> Shorts Emini NQ @ 5913.25
[11:51:49] <werner> Covered all Emini NQ Short @ 5912.00 --> + 1.25
[12:37:20] <wrbtrader> Shorts Emini ES @ 2496.75 -> small size
[12:37:34] <wrbtrader> 2 contracts
[12:43:48] <wrbtrader> Covered all Emini ES Short @ 2497.50 --> - 0.75
[12:52:37] <wrbtrader> Long Emini ES @ 2498.25 -> small size
[12:52:48] <wrbtrader> 2 contracts
[12:55:09] <wrbtrader> Exited all Emini ES Long @ 2499.00 --> + 0.75
[12:55:17] <wrbtrader> WRB pt1 reached
[14:12:36] <wrbtrader> Just got back from a late lunch...nice upward price movement in the Eminis
[14:15:14] <wrbtrader> Emini ES futures traveling up the range of a Long Upper Shadow interval
[14:15:22] <wrbtrader> Long Emini ES @ 2504.75 -> small size
[14:15:39] <wrbtrader> chasing here
[14:16:07] <wrbtrader> Long signal @ 2504.25
[14:16:15] <wrbtrader> 3 contracts
[14:18:25] <wrbtrader> Exited all Emini ES Long @ 2507.75 --> + 3
[14:18:37] <wrbtrader> WRB pt1 reached
[15:13:13] <wrbtrader> Long Emini ES @ 2508.75 -> small size
[15:13:24] <wrbtrader> 1 contract
[15:14:22] <wrbtrader> Exited Emini ES Long @ 2508.00 --> - 0.75
[15:14:51] <wrbtrader> I went only 1 contract because I missed another price traveling up the range of a Long Upper Shadow interval
[15:15:09] <wrbtrader> I've missed a few today as such...very rare
[15:16:00] <wrbtrader> Yet, I did think there would be more follow up but just too late getting in on the position
[15:20:56] <wrbtrader> Emini NQ futures traveling up the range of a prior Long Upper Shadow interval
[15:20:59] <wrbtrader> Long Emini ES @ 2508.25 -> small size
[15:21:10] <wrbtrader> 3 contracts
[15:21:40] <wrbtrader> WRB pt1 reached
[15:21:57] <wrbtrader> Exited all Emini ES Long @ 2509.00 --> + 0.75
[15:36:29] <wrbtrader> Long Emini ES @ 2509.00 -> small size
[15:36:44] <wrbtrader> 2 contracts
[15:37:20] <wrbtrader> Its been a few trading days (I think mid last week) since I've been willing to push some size
[15:38:10] <wrbtrader> Position Size Management is a very important element in my trading...sometimes its more about my psychology
[15:38:23] <wrbtrader> If I don't feel confident...I lower the position size
[15:38:29] <wrbtrader> Its simple as that
[15:39:03] <wrbtrader> Other times its my strategic involving the method and other times the market conditions and other times just more about personal reasons
[15:39:17] <wrbtrader> Example of the latter...at home distractions from the family
[15:39:41] <wrbtrader> No complicated math involved
[15:42:13] <wrbtrader> Emini RTY futures still not there yet with its volume or volatility. Thus, I'm still ignoring the Russell 2000 as I've been since it moved to the ICE and now back to the CME
[15:42:52] <wrbtrader> Emini ES futures snapped back
[15:44:00] <wrbtrader> Exited all Emini ES Long @ 2508.25 --> - 0.75
[15:44:28] <wrbtrader> volatility now trying to pick up
[15:44:43] <wrbtrader> Eminis insync too
[15:50:20] <wrbtrader> Shorts Emini ES @ 2506.25 -> small size
[15:50:27] <wrbtrader> 2 contracts
[15:53:02] <wrbtrader> I thought this would retest the most recent reaction low
[15:53:23] <wrbtrader> Visually it looked like it came within 1 tick of doing that
[15:53:44] <wrbtrader> I held it because it didn't drop below...the goal of this trade
[15:54:00] <wrbtrader> That low @ 2505.25
[15:58:09] <wrbtrader> Covered all Emini ES Short @ 2505.00 --> + 1.25
[15:59:44] <wrbtrader> Captured it but had 2nd thoughts about the cover...there was a S area of an Up WRB Hidden GAP interval a few ticks lower
[16:00:19] <wrbtrader> In hindsight...the better profit target of the WRB Analysis
[16:00:37] <wrbtrader> Always easier in hindsight
[16:00:44] <wrbtrader> Take care all and see all tomorrow
[16:09:51] <werner> yeah take care
[17:07:05] * Disconnected
Session Close: Wed Sep 27 17:07:06 2017
-------------------------
##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 free 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.
Quote:
The free chat room is not a signal calling trading room and we do not believe in the business model of a head trader telling other traders when to buy and sell. Its a flawed approach to trading in which a trader can not learn how to be a successful independent trader.
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
CME Emini RTY Futures (formerly ICE TF)
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
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, racist, harassment, lies, hackers, pikers, trolls that's a distraction to members of our chat room, our forum or our website. Yet, the original logs are always maintain for security reasons and legal reasons if needed.
Review of TheStrategyLab
@ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167TheStrategyLab Review
@ http://www.thestrategylab.com/thestrategylab-reviews.htm 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)
a.k.a. wrbtrader (more info about me):
http://www.thestrategylab.com/wrbtrader.htmTheStrategyLab 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 (24/7)
Twitter @
http://twitter.com/wrbtrader (24/7)
Stocktwits @
http://stocktwits.com/wrbtrader (24/7)