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)
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 (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:
120617-Key-Price-Action-Markets.png [ 1.04 MiB | Viewed 273 times ]
click on the above image to view today's price action of key markets ##TheStrategyLab Archive Chat Logs Session Start: Wed Dec 06 09:24:31 2017
Session Ident: ##TheStrategyLab
[09:24:31] * Now talking in ##TheStrategyLab
[09:24:31] * 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'[09:24:31] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:24:32] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:25:10] <wrbtrader> Good morning all...no trades yesterday but I'm ready to trade today
[09:25:38] <Trendtrader>
all
[09:27:38] <Trendtrader> long es 2625.75 sim
[09:31:26] <Trendtrader> exit 1/2 es 2626.75 sim +1
[09:32:33] <Trendtrader> exit remainder es 2627.75 +2 sim
[09:33:22] <wrbtrader> Long Emini ES @ 2627.50 -> large size
[09:33:26] <wrbtrader> I'm just chasing the volatility
[09:33:32] <wrbtrader> 10 contracts
[09:34:10] <wrbtrader> looks like its going to chase me out of this trade
[09:35:39] <wrbtrader> Emini NQ futures has wings again
[09:36:26] <wrbtrader> Autrader - what are you trading today
[09:37:41] <wrbtrader> volatility stuck now
[09:37:54] <wrbtrader> NQ is moving higher
[09:38:13] <Werner>
all
[09:38:13] <wrbtrader> Hopefully it'll bring up Emini ES futures with increasing volatility
[09:38:30] <wrbtrader> There she goes
[09:39:16] <wrbtrader> Exited all Emini ES Long @ 2629.00 --> + 1.5
[09:39:26] <wrbtrader> WRB pt1 reached
[09:49:32] <wrbtrader> Autrader...please respond to the private message I've sent you
[09:52:08] <wrbtrader> Shorts Emini ES @ 2627.00 -> medium size
[09:53:07] <wrbtrader> Emini ES futures has fallen below the S area of its most recent Up WRB Hidden GAP interval and is trying hard to traverse down the range of a Long Lower Shadow interval
[09:53:12] <wrbtrader> 5 contracts
[09:53:28] <wrbtrader> Emini NQ futures not helping
[09:53:44] <wrbtrader> It was helping upon trade entry but then it stalled
[09:54:09] <wrbtrader> now
back upwards
[09:54:27] <wrbtrader> ES volatility still stalled
[09:56:32] <wrbtrader> Covered all Emini ES Short @ 2628.00 --> - 1
[09:56:48] <wrbtrader> volatility suddenly moving again
[09:56:53] <Werner> Long Emini NQ @ 6274.00
[09:57:07] <Werner> Exited all Emini NQ Long @ 6278.00 --> + 4
[09:57:46] <wrbtrader> Long Emini ES @ 2629.00 -> medium size
[09:57:58] <wrbtrader> 5 contracts
[09:59:16] <wrbtrader> Exited all Emini ES Long @ 2630.00 --> + 1
[09:59:49] <wrbtrader> back to back trades with opposite movements in the volatility
[10:01:44] <wrbtrader> Long Emini ES @ 2631.00 -> small size
[10:01:54] <wrbtrader> chasing the volatility again
[10:02:33] <wrbtrader> Price action now above the most recent reaction high on increasing volatility...usually a good situation to chase
[10:03:32] <wrbtrader> Exited all Emini ES Long @ 2631.50 --> + 0.5
[10:03:33] * Retrieving ##TheStrategyLab modes...
[10:03:39] <wrbtrader> 3 contracts
[10:09:16] <wrbtrader> Eurex DAX futures still trying to push higher
[10:10:51] <wrbtrader> Emini RTY futures very sluggish today
[10:17:19] <wrbtrader> Shorts Emini ES @ 2627.00 -> large size
[10:17:27] <wrbtrader> 10 contracts
[10:18:02] <wrbtrader> 2nd thoughts about this Short @ the S area of a Up WRB Hidden GAP interval on the increasing volatility
[10:20:10] <wrbtrader>
[10:22:33] <wrbtrader> I'm looking for a Houdini escape out of this trade
[10:23:53] <wrbtrader> Covered all Emini ES Short @ 2626.75 --> + 0.25
[10:25:15] <wrbtrader> bad trade...Emini ES futures could easily be around 2628.50 when Emini NQ futures slowly creeped back upwards
[10:26:03] <wrbtrader> Emini ES futures still struggling at/near that S area
[10:40:09] <wrbtrader> Shorts Emini ES @ 2626.50 -> medium size
[10:40:20] <wrbtrader> 5 contracts
[10:41:00] <wrbtrader> Emini ES traversed down the range of a Long Lower Shadow interval
[10:41:17] <wrbtrader> most likely will try to retrace because I don't see any related KME
[10:41:51] <wrbtrader> Covered all Emini ES Short @ 2626.75 --> - 0.25
[10:42:06] <wrbtrader> retracing...still no KME
[10:42:42] <wrbtrader> Oil inventories was @ 1030am est
[10:42:57] <wrbtrader> Already a WRB Hidden GAP interval from that KME
[10:43:35] <wrbtrader> Shorts Emini ES @ 2627.00 -> medium size
[10:43:40] <wrbtrader> re-entry
[10:43:46] <wrbtrader> 5 contracts
[10:44:57] <wrbtrader> Covered all Emini ES Short @ 2626.75 --> + 0.25
[10:45:42] <wrbtrader> Emini NQ stuck inside the range of a Down WRB Hidden GAP interval
[10:46:12] <wrbtrader> will not do another trade in ES until NQ clears the range of that WRB HG interval
[10:46:16] <wrbtrader> Just did
[10:47:05] <wrbtrader> Long Emini ES @ 2630.00 -> medium size
[10:47:15] <wrbtrader> 5 contracts
[10:47:27] <wrbtrader> big volatility spike
[10:47:40] <wrbtrader> will be a tough entry at the top of the volatility spike
[10:48:54] <wrbtrader> Emini ES futures trying hard to traverse up the range of a Long Upper Shadow interval
[10:56:52] <wrbtrader> Exited all Emini ES Long @ 2631.50 --> + 1.5
[10:56:58] <Werner> Long Emini NQ @ 6278.00
[10:57:01] <wrbtrader> WRB pt1 reached
[10:57:14] <wrbtrader> very tough trade
[10:57:24] <wrbtrader> It tested my patience many times
[10:57:35] <Werner> Exited all Emini NQ Long @ 6284.00 --> + 6
[10:57:50] <Werner> exit @ wrb pt1
[11:19:06] <wrbtrader> volatility has contracted
[11:59:45] * ChanServ sets mode: +o wrbtrader
[12:07:06] * AUTRADER was kicked by wrbtrader (AUTRADER)
[12:07:47] * wrbtrader is now known as wrbtrader_away
[12:30:19] <Werner> Shorts Emini NQ @ 6278.25
[12:30:56] <Werner> Covered all Emini NQ Short @ 6274.00 --> + 4.25
[12:31:18] <Werner> exit @ wrb pt1
[12:31:33] <@wrbtrader_away> Shorts Emini ES @ 2626.25 -> small size
[12:31:45] <@wrbtrader_away> 1 contract
[12:31:55] * wrbtrader_away is now known as wrbtrader
[12:33:54] <@wrbtrader> Covered Emini ES Short @ 2627.25 --> - 1
[12:34:38] <@wrbtrader> Shorts Emini ES @ 2627.00 -> small size
[12:34:45] <@wrbtrader> re-entry
[12:35:33] <@wrbtrader> Covered Emini ES Short @ 2627.75 --> - 0.75
[12:36:09] <Werner> ts down here
[12:36:19] <@wrbtrader> Shorts Emini ES @ 2627.50 -> small size
[12:36:24] <@wrbtrader> 2 contracts
[12:36:29] <@wrbtrader> ts
[12:36:50] <@wrbtrader> tradestation
[12:36:54] <Werner> yes
[12:37:34] <@wrbtrader> I have it on my laptop...not booted up in awhile
[12:37:39] <Werner> lucky not in trade
[12:38:12] <Werner> ts is back
[12:40:35] <Werner> mm only matrix is back....waiting for data
[12:41:20] <Werner> take a break...
[12:43:32] <@wrbtrader> Covered all Emini ES Short @ 2628.50 --> - 1
[12:44:02] <@wrbtrader> Emini ES filled in the Hidden GAP of its most recent Down WRB Hidden GAP interval
[12:44:11] <@wrbtrader> I didn't think it could do it
[12:44:24] <@wrbtrader> gave me 3 consecutive losing trades
[12:45:06] <@wrbtrader> Emini NQ futures move back higher...I blame it on NQ
[12:45:10] <@wrbtrader>
[12:46:46] <@wrbtrader> In contrast, Emini NQ futures has not filled in the Hidden GAP area of its corresponding Down WRB HG interval
[12:47:21] <@wrbtrader> Its still between the S area and midpoint
[12:48:19] <@wrbtrader> Shorts Emini ES @ 2628.75 -> small size
[12:48:26] <@wrbtrader> re-entry
[12:48:31] <@wrbtrader> 2 contracts
[12:51:39] <@wrbtrader> traversing up the range of a Long Upper Shadow interval
[12:51:51] <@wrbtrader> Covered all Emini ES Short @ 2629.50 --> - 0.75
[12:52:34] <@wrbtrader> Long Emini ES @ 2629.50 -> medium size
[12:52:58] <@wrbtrader> 2 contracts
[12:53:37] <@wrbtrader> now struggling at the R area of the same Down WRB HIdden GAP interval
[12:53:47] <@wrbtrader> geeesh
[12:54:53] <@wrbtrader> Exited all Emini ES Long @ 2628.75 --> - 0.75
[12:55:14] <@wrbtrader> I tried earlier to Short that stall near the R area...didn't work
[12:55:52] <@wrbtrader> volatility still range bound in a tight range
[12:56:55] <Werner> data ok now
[12:57:16] <Werner> diner here ..brb
[12:59:30] <@wrbtrader> Shorts Emini ES @ 2628.50 -> small size
[12:59:44] <@wrbtrader> Long Upper Shadow intervals still near that R area
[12:59:52] <@wrbtrader> trying the Short again with 2 contracts
[13:00:55] <@wrbtrader> Emini ES futures
hard to hold on to that R area by its finger tips
[13:02:17] <@wrbtrader> now a shallow (small) WRB pt1 has formed
[13:02:21] <@wrbtrader>
[13:02:57] <@wrbtrader> Covered all Emini ES Short @ 2628.50 --> 0
[13:03:27] <@wrbtrader> That R area behaving like some line in the sand
[13:05:47] <@wrbtrader> volatility slowly increasing
[13:06:05] <@wrbtrader> I'm now expecting a volatility spike here soon
[13:08:38] <@wrbtrader> Shorts Emini ES @ 2628.50 -> small size
[13:08:50] <@wrbtrader> 1+1 contracts
[13:09:03] <@wrbtrader> 2 contracts
[13:09:08] <@wrbtrader> scaled in
[13:09:43] <@wrbtrader> again now a shallow (small) WRB pt1 has formed
[13:09:52] <@wrbtrader>
[13:10:43] <@wrbtrader> Covered all Emini ES Short @ 2628.50 --> 0
[13:19:46] <@wrbtrader> It tried to spike but the volatility just didn't have enough juice
[13:20:12] <@wrbtrader> Hopefully Emini tries again here soon to preven me from calling it quits early
[13:22:36] <@wrbtrader> back below the R area
[13:28:39] <@wrbtrader> Long Emini ES @ 2629.00 -> medium size
[13:28:46] <@wrbtrader> 5 contracts
[13:28:52] <@wrbtrader> scaled in
[13:31:33] <@wrbtrader> That R area is just a pain in the butt
[13:32:38] <@wrbtrader> Yet, the poor volatility this afternoon is not helping
[13:34:32] <@wrbtrader> WRB pt1 reached
[13:34:53] <@wrbtrader> Exited all Emini ES Long @ 2630.50 --> + 1.5
[13:36:00] <@wrbtrader> Take care all...I'm going to call it quits early
[15:49:06] * leguin.freenode.net sets mode: +o ChanServ
Session Close: Thu Dec 07 00:00:00 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 @
http://stocktwits.com/wrbtrader (24/7)