Price Action Trading (no technical indicators)
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)
Telephone: +1 708 572-4885
wrbanalysis@gmail.com (24/7)
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##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 (simulator or real money) in a timestamp environment after you've received confirmation from your broker trade execution platform. Simply, 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 and you decide to
not discuss WRB Analysis
nor post any real-time information about how you're viewing the markets
nor post real-time trades...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, day trader, trend trader or range 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. This is
not a live 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 as a
trade journal for members to document their own trades. 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:
120517-Key-Price-Action-Markets.png [ 1.07 MiB | Viewed 337 times ]
click on the above image to view today's price action of key markets ##TheStrategyLab Archive Chat Logs Session Start: Tue Dec 05 09:23:19 2017
Session Ident: ##TheStrategyLab
[09:23:19] * Now talking in ##TheStrategyLab
[09:23:19] * 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'[09:23:19] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:23:22] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[10:43:19] <Werner1> hi all
[10:59:27] <Werner1> Long Emini NQ @ 6315.00
[11:00:08] <Werner1> Exited all Emini NQ Long @ 6319.00 --> + 4
[11:00:49] <Werner1> exit @ wrb pt1
[11:10:12] <Werner1> Long Emini NQ @ 6326.00
[11:10:36] <Werner1> Exited all Emini NQ Long @ 6328.00 --> + 2
[11:12:46] <Werner1> Long Emini NQ @ 6330.00
[11:13:07] <Werner1> Exited all Emini NQ Long @ 6332.78 --> + 2.78
[11:13:28] <Werner1> exit @ wrb pt 1
[11:13:56] <Werner1> Exited all Emini NQ Long @ 6332.75 --> + 2.75
[11:14:09] <Werner1> thats ok
[11:15:30] <Werner1>
[11:56:59] <Werner1> Shorts Emini NQ @ 6322.75
[11:57:27] <Werner1> Covered all Emini NQ Short @ 6319.50 --> + 3.25
[11:57:52] <Werner1> @ wrb pt1
[11:58:28] <Werner1> sorry is not a wrb is a random exit
[13:15:18] <wrbtrader> Good afternoon all
[13:16:18] <wrbtrader> I've missed the morning trading session some appointments this morning involving some more tests to do with my health from the problem last fall 2016.
[13:16:40] <wrbtrader> I'm passed most of the physical exams but still have a few more to take.
[13:17:07] <wrbtrader> The best part...they're going to remove my medical restriction involving driving.
[13:17:21] <wrbtrader> Yeah...I can drive again
[13:18:25] <wrbtrader> I have a big stress test tomorrow that will determine if other restrictions will be remove.
[13:19:41] <wrbtrader> Werner1...you feeling better today
[13:25:47] <Werner1> hi mark...yes i was in the hospital and they told me that i can be gout free in about 6 monhts ....they geve me a lot of medication....i dint kown that that was possible ...i live with guot for the last 15 years
[13:33:09] <Werner1> wow that good news mark....
[13:33:10] <Werner1> finally driving a car again..... I did not know you could not drive a car
....pfff
[13:41:30] <wrbtrader> Yeah, its been a pain to have others drive my own car to take me somewhere.
[13:41:53] <wrbtrader> Yet, using the RTC bus system was ok...actually interesting.
[13:42:17] <Werner1> lol
[13:42:32] <wrbtrader> The main restriction I'm waiting to be removed is the travel restriction...flying.
[13:43:39] <wrbtrader> I have a home also in the U.S. that I have not visited in over a year and 1 year & 4 months to my other home in France
[13:44:06] <wrbtrader> Both with relatives currently taking care of until I'm able to travel again
[13:45:26] <Werner1> wow a lot of restrictions
[13:45:47] <wrbtrader> I missed last years holidays due to recovery from my illness...that was very hard on me.
[13:46:10] <wrbtrader> The special diet wasn't too bad.
[13:47:14] <wrbtrader> They only removed good stuff from my eating habits such as nuts, banannas, Milk, Cheeze, limited my protein of dairy products...
[13:47:50] <wrbtrader> All of which can raise my levels of magesium...cause problems for my heart
[13:48:42] <wrbtrader> Apparently I had "too much" of it in my body
[13:49:07] <wrbtrader> Actually, my body wasn't properly removing the excess
[13:49:35] <wrbtrader> side effects from the pneumonia and coma
[13:49:58] <wrbtrader> meant Magnesium
[13:50:47] <wrbtrader> Had some digestion issues too...moms cooking of my grandmothers natural remedy for such...fixed that quickly
[13:51:24] <Werner1> hihi
[13:51:40] <wrbtrader> I know you're still having gut problems
[13:51:55] <wrbtrader> Is it isolated in a particular area of the gut
??
[13:53:47] <Werner1> tomorrow I hear that from the doctor
[13:54:17] <wrbtrader> Do they know or think what's causing the problem
??
[13:55:16] <wrbtrader> My grandma would always say "gut problems" were caused by evil spirits attacking the mind and soul.
[13:55:43] <wrbtrader> Modern day language = Stress, Anxiety
[13:56:24] <Werner1> no causing is as secound problem
[13:56:40] <Werner1> as = a
[13:57:03] <wrbtrader> I think when they isolate the cause...they'll be better able to treat it
[13:57:16] <wrbtrader> I'm sure you've tried a bunch of different things on your own
[13:57:41] <Werner1> yeah 15 years
[13:57:49] <wrbtrader>
[13:58:48] <Werner1> mark do you running a lawsuit against the hospital
[13:59:08] <wrbtrader> Yes
[14:00:32] <Werner1> do you have strong cards
[14:00:50] <wrbtrader> There were 3 key misteps in my treatment the morning I lapsed into a coma and then another 2 misteps a few weeks into the coma
[14:01:17] <wrbtrader> A total of 5 errors by hospital nurses/doctors
[14:01:33] <wrbtrader> 3 of which should have been fatal
[14:01:45] <wrbtrader> I was lucky
[14:02:30] <Werner1> yes you told me
[14:03:18] <Werner1> here in Holland it is almost impossible to file a lawsuit against a hospital
[14:03:26] <wrbtrader> My sister (a head nurse at a famous hospital in the U.S.)...flew to be at my bedside when I was in the coma.
[14:03:44] <wrbtrader> She caught the two other errors and documented it
[14:03:58] <Werner1> wow
[14:04:59] <Werner1> so you have a stong case with that i think
[14:05:26] <wrbtrader> Yeah, its strong but still no apologies
[14:05:43] <Werner1> djeez
[14:05:50] <wrbtrader> I gotta be careful...my new girlfriend is on the hospital staff that treated me
[14:06:14] <wrbtrader> She was one of the nurses that cared for me when I came out of the coma
[14:07:12] <wrbtrader> Thus, its a little more complicated on the personal level
[14:08:04] <Werner1> nice that was the one you showed how the trade
[14:08:16] <wrbtrader> She too caught one of the medical errors
[14:08:29] <wrbtrader> No...I didn't show her how to trade
[14:09:13] <wrbtrader> She's the one giving my lawyers a ton of information about my care that contradicts the hospital's version
[14:09:47] <Werner1> ok
[14:15:03] <wrbtrader> Wrong medication that caused the coma, slow to resuscitate (a doctor and nurse debating with each other for 20 seconds) while I went into "cardiac arrest" and wrong medicatio again while in the coma that caused the 2nd "cardiac arrest"...
[14:15:06] <wrbtrader> scary
[14:15:40] <Werner1> I wish you good luck with your lawsuit and with your girlfriend...go for it
)
[14:17:00] <wrbtrader> She's lined up another job at another hospital just in case things get nasty for her at the hospital where I was treated
[14:18:37] <Werner1> Shorts Emini NQ @ 6296.75
[14:19:03] <Werner1> Covered all Emini NQ Short @ 6291.50 --> + 5.25
[14:22:02] <Werner1> Shorts Emini NQ @ 6290.00
[14:22:05] <wrbtrader> She's a strong iroquoian woman...tough, sexy, part-time model and a nurse
[14:22:19] <wrbtrader> Hey, nice short on the Nq
[14:22:57] <wrbtrader> I've notice you jump in more back into trades in the same direction as in comparison to prior years
[14:23:02] <Werner1> Covered all Emini NQ Short @ 6286.50 --> + 3.5
[14:23:10] <wrbtrader>
[14:23:57] <Werner1> yes indd
[14:28:01] <wrbtrader> Do you find the re-entries are just as profitable as the earlier prior trade
??
[14:28:33] <Werner1> thanks to your trading strategy
[14:28:40] <Werner1> a..
[14:32:14] <Werner1> no normally the first trade is the most profitable imo
[14:33:09] <Werner1> but normaly i am out too early so somtimes i can re enter
[14:33:23] <wrbtrader> Statistically for 2017...my re-entries have been more profitable.
[14:34:37] <wrbtrader> I have less fear to jump back into a trade in the same direction even if the prior trade resulted as a losing trade
[14:35:21] <Werner1> thats good ...
[14:35:24] <wrbtrader> The key element to the reduce fear is "increasing volatility"
[14:35:53] <wrbtrader> If I see the volatility increasing...I become aggressive in my trading
[14:36:36] <Werner1> agree that is what i miss
[14:40:16] <Werner1> maybe some supp here nq
[14:41:25] <Werner1> at the big wrb candle at the open
[14:41:49] <Werner1> 3 min
[14:42:13] <Werner1> and the 5 min tail candle
[14:53:08] <Werner1> shall I post a chart with what I see?
[15:50:34] <Werner1> ok i am done ...cya wrb ,all
[16:13:01] <wrbtrader> No trades for me today...a rest day was needed
[16:13:09] <wrbtrader> Take care and see all tomorrow
[17:26:59] * Disconnected
Session Close: Tue Dec 05 17:26:59 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 and its a flawed substitution for mentoring 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.
Disclaimer: Today's trading performance is
not an indication of my future performance and
not an indication of the future performance for any trader that decides to learn/apply
WRB Analysis. The risk of loss can be substantial. Therefore, you must carefully consider if trading is suitable for you within the context of your financial condition. TheStrategyLab.com is an education and research site. The resources on this site are provided for informational purposes only and should
not be used to replace professional educational and professional research because we are
retail traders only. TheStrategyLab.com does
not accept liability for your use of the website and its resources.
We make no guarantees of success and your level of success is
dependent upon other factors including your skill as a trader, knowledge, financial condition, market conditions and other factors.
Trading is stressful and you should always
consult a doctor in all matters relating to physical and mental health of you and your family because trading can impact
beyond your financial condition regardless if you're a profitable or losing trader. Also, you can read our full
disclaimer statement @ http://www.thestrategylab.com/Disclaimer.htmReview 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 @
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