##TheStrategyLab Price Action Chat Room Logs

TheStrategyLab 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.htm
TheStrategyLab Reviews: http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167 & http://www.thestrategylab.com/thestrategylab-reviews.htm
Business 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 use the free chat room as a trade journal of your trades via you posting WRB Analysis of the price action you see on your monitors, posting price action analysis, ask real-time questions about WRB Analysis or posting 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 their 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 their trade methods to improve the performance of their trade methods regardless if they'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.

With that said, thanks for reviewing (reading) the below timestamped trades, price action analysis or market commentaries 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


click on the above image to view today's price action of key markets

[09:27:34] * Now talking in ##TheStrategyLab
[09:27:34] -ChanServ- [##TheStrategyLab] Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[09:35:49] <Trendtrader> long 2789.50 es sim
[09:36:01] <Trendtrader> wrb
[09:37:20] <wrbtrader> Good morning all...it will be a quick trading day for me today
[09:37:38] <Trendtrader> exit 1/2 2789.75
[09:37:43] <wrbtrader> Gotta watch the World Cup (soccer)
[09:38:44] <Trendtrader> exit remainder 2789.25 es +0
[09:46:04] <Trendtrader> long es 2789 sim
[09:56:10] <wrbtrader> Shorts Emini ES @ 2787.25 -> large size
[09:56:25] <wrbtrader> 5+5 contracts
[09:56:29] <wrbtrader> 10 contracts
[09:56:31] <wrbtrader> poor entry
[09:58:33] <wrbtrader> Covered all Emini ES Short @ 2787.50 --> - 0.25
[09:59:42] <Trendtrader> poor entry? how so?
[10:00:07] <wrbtrader> I should have shorted @ 2789.00
[10:00:18] <wrbtrader> missed entry...then I chased it
[10:00:34] <Trendtrader> ahh thanks.
[10:01:15] <wrbtrader> Long Emini ES @ 2789.75 -> large size
[10:01:28] <wrbtrader> 10 contracts
[10:01:34] <Trendtrader> exit 1/2 es 2791 +2pts sim
[10:01:36] <wrbtrader> volatility trying hard to increase
[10:02:04] <Trendtrader> exit remainder es 2792 +3pts sim
[10:02:43] <wrbtrader> WRB pt1 reached
[10:03:17] <wrbtrader> just above the most recent reaction high
[10:05:27] <wrbtrader> At the most recent reaction high now...a battle here
[10:05:37] <wrbtrader> back above again
[10:06:17] <wrbtrader> WRB pt2 reached
[10:06:28] <wrbtrader> Exited all Emini ES Long @ 2793.75 --> + 4
[10:07:22] <Trendtrader> nicely done!
[10:08:18] <wrbtrader> Yeah...I took a big risk in holding that trade after the WRB pt1...volatility started stalling but it slowly picked up again to move the trade higher to a WRB pt2 level
[10:08:27] <Trendtrader> good start to the day before you go watch.
[10:09:23] <wrbtrader> Opening match between Russia vs Saudia Arabia
[10:09:39] <wrbtrader> They are warming up now for the start
[10:10:35] <Trendtrader> Have a good one. I'm done for the day now. Back to programming.
[10:10:44] <wrbtrader> ok
[10:12:35] <wrbtrader> One of my trading songs while I trade @ https://www.youtube.com/watch?v=R0sw2CgysWY
[10:16:14] <Donnin______> why dont you become a fund manager
[10:17:16] <Donnin______> into retirment
[10:19:08] <wrbtrader> Forced to move, can't travel when I want...can't trade when I want...obligated to others...under governmentatl rules for such...public record (loss of privacy)...just too much scrutiny
[10:19:32] <Donnin______> no u set the rules
[10:19:42] <wrbtrader> You do not
[10:20:04] <Donnin______> and with your extensive record it should be all on your own terms
[10:20:04] <wrbtrader> Unless the Fund is entirely your capital...no one else
[10:21:11] <wrbtrader> As soon as others are involved...you're under the rules & regulations of goverment policies
[10:21:28] <Donnin______> yeah
[10:21:54] <Donnin______> rememeber that guy that bankrupt that bank
[10:22:13] <wrbtrader> Yeah but how the heck was he able to do that
[10:25:14] <wrbtrader> There's a list a former fund managers that quit to trade their own private accounts...leaving jobs that others on the outside was very lucrative & safe
[10:26:11] <Donnin______> https://www.youtube.com/watch?v=YHaYep6djcM
[10:29:14] <wrbtrader> Shorts Emini ES @ 2791.75 -> small size
[10:29:21] <wrbtrader> 1 contract
[10:30:36] <wrbtrader> had to lower my position size...sneaky price action here. I have usually a tough time with this tpe of price action that just crossed below the S area of a most recent UP WRB Hidden GAP interval after a most recent strong continuation price action
[10:31:02] <wrbtrader> now below the most recent reaction low
[10:31:30] <wrbtrader> Covered Emini ES Short @ 2791.00 --> + 0.75
[10:31:41] <wrbtrader> trail pick pocketed
[10:32:31] <wrbtrader>
[10:38:08] <wrbtrader> Donnin..what's better than a fund manager
[10:38:31] <wrbtrader> Having enough money to let others trade your capital.
[10:40:19] <wrbtrader> I can't trade forever. I want to start a trust fund with a few traders managing my private account. I'm about 10 years away from such.
[10:41:07] <wrbtrader> Meant...trust fund for my family...something my kids grow up with and their families grow up with
[10:42:05] <wrbtrader> A close friend of mine lives off her family trust fund...something started by her grandfather a former fund manager that went into the printing business
[10:42:29] <Donnin______> thats amazing
[10:42:42] <wrbtrader> The trust fund was started in the 1940's
[10:43:16] <Donnin______> but who can actually trade your capital
[10:43:34] <wrbtrader> People you obviously trust
[10:43:45] <wrbtrader> I have no idea how to get to that point
[10:43:51] <Donnin______> who can actually trade?
[10:45:13] <wrbtrader> I imagine just do what financial institutional trading firms do
[10:46:41] <Donnin______> maybe u can train us
[10:47:11] <wrbtrader> I don't mentor nor do I know how to "train someone"
[10:48:32] <wrbtrader> Yeah, sure I was a leader in my military squad, earned awards, coach kids sports team but never trained someone to trade my own capital
[10:49:20] <Donnin______> video series would help i do feel its possible for me to learn enough to become profitable enough
[10:49:33] <wrbtrader> I told Tigerman that I will soon go back to an office trading environment with me trading with other traders...similar like to what I did when I lived in Seattle
[10:49:53] <wrbtrader> The only way to "learn" like that is via "in person" only
[10:49:59] <wrbtrader> I strongly believe that
[10:50:02] <Donnin______> yes in person
[10:50:26] <wrbtrader> Video and such is only good just for follow up to "in person" coaching
[10:51:19] <wrbtrader> To have someone trade your own capital...you'll be requiring them to take a job.
[10:51:28] <wrbtrader> That's the reality of it
[10:51:45] <Donnin______> well today a world of virtual meetings its not the same disconnect it was before
[10:52:06] <Donnin______> where u can see a person screen in real time
[10:52:14] <Donnin______> and hear them in real time
[10:52:24] <wrbtrader> You would need to provide an office, moving benefits, job security for a few years and such
[10:53:07] <wrbtrader> That's why I tell Tigerman I have this "plan" and it begins when I go back to an office environment trading with others
[10:53:32] <wrbtrader> I start again this fall in looking for the right office location
[10:53:47] <wrbtrader> I got sidetracked by my illness in fall of 2016
[10:55:06] <wrbtrader> I will have all of my medical restrictions removed December 2016 assumming I pass all my physical exams, blood tests and psychological exams
[10:55:21] <wrbtrader> meant December 2018
[10:55:49] <wrbtrader> I've been waiting 2 years now since my illness
[10:56:51] <wrbtrader> The first step in my grandiose plan is to return to the "office trading" environment with other traders.
[11:00:06] <wrbtrader> Obviously those I first work with will be French speakers but bilingual or Trilingual
[11:02:02] <wrbtrader> I will specifically be looking for those of native (indigenous) heritage even if it was only their grandparents or great grandparents that were indigenous
[11:02:35] <wrbtrader> If I can't find that...then someone involved in the indigenous communities
[11:03:32] <wrbtrader> Its my way of giving back to my own heritage
[11:53:14] <wrbtrader> Shorts Emini ES @ 2788.00 -> small size
[11:53:20] <wrbtrader> 3 contracts
[11:56:11] <wrbtrader> Covered all Emini ES Short @ 2788.50 --> - 0.5
[12:06:46] <wrbtrader> Long Emini ES @ 2789.25 -> small size
[12:06:50] <wrbtrader> 3 contracts
[12:07:22] <wrbtrader> Will be a tough trade within the bearish reacent price action of Emini YM futures
[12:07:37] <wrbtrader> Hopefully Emini YM is lacking correlation right now
[12:08:31] <wrbtrader> Now I need it to become "more" correlated to Emini ES futures to encourage Emini ES to move higher
[12:12:21] <wrbtrader> Emini futures now contracting in their volatility
[12:12:34] <wrbtrader> I should setup a volatility spike here soon
[12:12:43] <wrbtrader> tightning my trail stop now
[12:16:15] <wrbtrader> Eminis getting a little weaker
[12:16:34] <wrbtrader> more contraction
[12:16:47] <wrbtrader> something is going to pop here soon
[12:17:07] <wrbtrader> Hopefully the volatility spike will take prices upwards instead of downwards
[12:18:45] <wrbtrader> Exited all Emini ES Long @ 2788.25 --> - 1
[12:20:16] <wrbtrader> Shorts Emini ES @ 2788.00 -> medium size
[12:20:21] <wrbtrader> 5 contracts
[12:20:34] <wrbtrader> volatility slowly increasing
[12:22:21] <wrbtrader> still no volatility spike
[12:30:59] <wrbtrader> trail stop tighten
[12:33:55] <wrbtrader> tough trade on my patience
[12:41:51] <wrbtrader> with so much contraction now in the volatility...
[12:42:24] <wrbtrader> If a volatility spike shows up...it should reach a WRB pt1 fairly easy...assuming I'm still in the trade
[12:42:38] <wrbtrader> too much contraction now
[12:46:21] <wrbtrader> Covered all Emini ES Short @ 2787.00 --> + 1
[12:46:43] <wrbtrader> trail pick pocketed
[12:46:57] <wrbtrader> I tighten it after it tested 2786.25
[12:47:08] <wrbtrader> I thought it was going to run lower
[12:49:33] <wrbtrader> Shorts Emini ES @ 2786.50 -> small size
[12:49:39] <wrbtrader> 3 contracts
[12:49:42] <wrbtrader> re-entry
[12:59:16] <wrbtrader> Shorts Emini ES @ 2785.25 -> small size
[12:59:23] <wrbtrader> shallow WRB pt1 reached
[12:59:29] <wrbtrader> that's my exit
[12:59:44] <wrbtrader> +1.25
[13:00:17] <wrbtrader> Emini ES futures testing its most recent Up WRB Hidden GAP interval
[13:01:30] <wrbtrader> Got distracted by the soccer game...Russia just won against Saudi Arabia 5 - 0
[13:01:33] <wrbtrader>
[13:02:19] <wrbtrader> For those into soccer and betting (gambling)...
[13:02:46] <wrbtrader> No host team of the World Cup has ever lost their opening match
[13:03:07] <wrbtrader> Russia this the host of the FIFA 2018 World Cup
[13:27:55] <werner> hi all
[13:35:23] <wrbtrader> Hi werner
[13:37:17] <werner> did you trade today?
[13:37:38] <werner> after the fomc
[13:38:30] <wrbtrader> I didn't trade yesterday...first time in I've missed an FOMC announcement on purpose (needed a rest day)
[13:38:34] <wrbtrader> Traded today
[13:38:47] <wrbtrader> 7 trades and profitable
[13:39:02] <werner> nice
[13:39:06] <wrbtrader> 4 winners and 3 losers
[13:41:28] <werner> just at the desk here ...always difficult to step in have the day
[13:42:15] <wrbtrader> Exactly, I feel the same way...if I miss the morning trading session...I can't trade the afternoon trading session
[13:42:32] <werner> agree
[13:42:57] <wrbtrader> I needed to see that real time price action from the morning...not any hindsight chart analysis
[13:44:36] <werner> yeah ...someting is missing in my head now
[13:44:50] <werner> cant focus
[13:48:40] <werner> Shorts Emini NQ @ 7315.00
[13:48:48] <werner> try one
[13:49:10] <werner> early
[13:49:58] <werner> Covered all Emini NQ Short @ 7313.00 --> + 2
[13:50:09] <werner> lol
[14:07:22] <wrbtrader> Shorts Emini ES @ 2787.25 -> small size
[14:07:26] <wrbtrader> 3 contracts
[14:13:49] <wrbtrader>
[14:14:21] <wrbtrader> Covered all Emini ES Short @ 2788.50 --> - 1.25
[14:27:40] <wrbtrader> Shorts Emini ES @ 2786.50 -> small size
[14:27:44] <wrbtrader> 3 contracts
[14:35:15] <werner> Shorts Emini NQ @ 7302.75
[14:36:06] <wrbtrader> Covered all Emini ES Short @ 2786.00 --> + 0.5
[14:36:41] <wrbtrader> tight trail stop pick pocketed
[14:36:52] <werner> Covered all Emini NQ Short @ 7304.75 --> - 2
[14:37:56] <wrbtrader> trade had reached a WRB pt1 but I held on to it because I thought it could go lower to test the most recent reaction low
[14:39:38] <wrbtrader> Shorts Emini ES @ 2785.50 -> small size
[14:39:46] <werner> Shorts Emini NQ @ 7302.50
[14:39:48] <wrbtrader> 3 contracts
[14:39:51] <wrbtrader> re-entry
[14:41:18] <werner> Covered all Emini NQ Short @ 7300.50 --> + 2
[14:45:39] <wrbtrader> Price action stuck inside the range of a Up WRB Hidden GAP interval that's causing a lot of problems to try to trade inside it
[14:46:33] <wrbtrader> my Short was at the S area of that Up WRB Hidden GAP interval
[14:47:00] <wrbtrader> I thought it was going to push lower to try again to retest that most recent reaction low
[14:47:58] <wrbtrader> Covered all Emini ES Short @ 2786.75 --> - 1.25
[14:48:46] <wrbtrader> Looks like just range bound price action inside the range of that Up WRB Hidden GAP interval
[14:49:33] <werner> yeah i see
[14:56:29] <werner> Shorts Emini NQ @ 7299.25
[14:57:42] <werner> Covered all Emini NQ Short @ 7295.00 --> + 4.25
[15:05:33] <wrbtrader> nice
[15:06:09] <wrbtrader> Emini ES futures now testing that most recent reaction low
[15:06:10] <werner> a bit lucky
[15:42:50] <wrbtrader> Long Emini ES @ 2789.00 -> medium size
[15:44:28] <werner> mist this long
[15:45:13] <wrbtrader> Exited all Emini ES Long @ 2789.00 --> 0
[15:45:47] <wrbtrader> WRB pt1 reached but too fast for me to grab it
[15:50:26] <wrbtrader> strange sudden snapback
[15:51:32] <werner> Shorts Emini NQ @ 7305.25
[15:51:41] <werner> Covered all Emini NQ Short @ 7303.00 --> + 2.25
[15:51:47] <werner> chaser
[15:54:27] <wrbtrader> Shorts Emini ES @ 2786.75 -> large size
[15:54:35] <wrbtrader> 10 contracts
[15:54:37] <werner> Shorts Emini NQ @ 7301.50
[15:55:18] <wrbtrader> 5 mins left in the regular session for this to pick up volatility
[15:55:38] <werner> brr
[15:56:59] <werner> Covered all Emini NQ Short @ 7304.25 --> - 2.75
[15:57:39] <wrbtrader> slowly trying to retrace back up to that prior strange price action level
[15:59:11] <wrbtrader> Covered all Emini ES Short @ 2787.75 --> - 1
[15:59:14] <wrbtrader> retested
[15:59:37] <wrbtrader> Shorts Emini ES @ 2787.25 -> large size
[15:59:44] <wrbtrader> reentry
[15:59:50] <wrbtrader> 10 contracts
[16:00:09] <wrbtrader> Covered all Emini ES Short @ 2788.00 --> - 0.75
[16:01:14] <wrbtrader> turned into just "noise"
[16:01:43] <werner> indd
[16:01:54] <wrbtrader> One hour chart shows the noise
[16:02:31] <wrbtrader> It got stuck in some range bound price action on the 1hr chart...not able to break above or below
[16:02:39] <wrbtrader> Take care all and see all tomorrow
[16:03:13] <Donnin______> how to ident noise?
[16:04:40] <wrbtrader> No WRB intervals or if a WRB interval appears...they are then retraced in the next interval...preventing WRB Hidden GAP intervals
[16:05:11] <Donnin______> oh i see
[16:06:06] <wrbtrader> The range of the price noise will have consistently tested the R area or S area of the most recent WRB Hidden GAP interval before the price noise
[16:06:18] <wrbtrader> small range too
[16:06:38] <wrbtrader> This price noise looked like about 4 point range
[16:09:25] <Donnin______> where set up for a sell into the overnight
[16:10:59] <Donnin______> and tomorrow
[16:11:22] <Donnin______> 7311 entry 7321 stop
[16:14:19] <Donnin______> trg 100pts
[16:15:51] <werner> gn all
[16:16:33] <Donnin______> call be babe ruth
[16:17:28] <Donnin______> ok take care
Session Close

-------------------------

##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.


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.htm

Rebuttal to Mr. Emmett Moore via TheStrategyLab.com Review @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167

The Strategy Lab: Valforex - The Manipulative Review Scam @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3676

TheStrategyLab 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.htm
TheStrategyLab 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)