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 &
http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=11&t=6TheStrategyLab Reviews:
http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167 &
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 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 Attachment:
062618-TheStrategyLab-Chat-Room-Key-Markets.png [ 1.98 MiB | Viewed 256 times ]
click on the above image to view today's price action of key markets [09:33:19] * Now talking in ##TheStrategyLab
[09:33:19] -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[09:33:19] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:33:35] <wrbtrader> Good morning all
[09:34:26] <wrbtrader> Two of my favorite soccer teams are playing today...France and Argentina
[09:34:39] <wrbtrader> My other favorite is Belgium
[09:35:24] <wrbtrader> They play on Thursday
[09:41:39] <Tigerman______>
[09:41:44] <Tigerman______> all
[09:43:01] <Tigerman______> just did too many trades till now on dax
[09:43:12] <Tigerman______> already tired
[09:43:20] <Tigerman______> testing new idea
[09:43:26] <Tigerman______> isue dax is very fast
[09:43:39] <Tigerman______> I can say few retailers there
[09:43:49] <Tigerman______> most the action is algos
[09:44:16] <Tigerman______> not easy balance stop too big and big loss arise
[09:44:19] <Tigerman______> too small
[09:44:29] <Tigerman______> they pick up every time
[09:49:11] <wrbtrader> Tigeerman...how long you've been trading so far today and how many trades
??
[09:53:50] <Tigerman______> Us session from start
[09:53:57] <Tigerman______> plus dax morning
[09:54:19] <Tigerman______> lot of trades
[09:54:29] <Tigerman______> simply today vola is different
[09:55:20] <ksch>
all
[09:55:36] <Tigerman______> as numbers around 30 RT
[09:56:32] <wrbtrader> Wow...you've already been trading more than 6 hours
[10:02:28] <werner1> yeah... working from 9 pm to 10am here
20 years in a row
[10:03:34] <Tigerman______> night shift
NEVER like it
[10:03:57] <werner1> i live in europe
[10:05:23] <werner1> no night shift
[10:05:38] <werner1> at night i
[10:07:05] <Tigerman______> ok simply is counterintuitive know the time was US time and then one have to translate it in US time
[10:07:21] <werner1> for me is the time to trade dax ...but its a beast ...thats not for me
[10:07:39] <Tigerman______> yeah garanteed very fast
[10:07:58] <Tigerman______> also needs a lot of money
[10:08:05] <werner1> indd
[10:08:43] <werner1> dax mini is crap
[10:09:35] <Tigerman______> both low liquidity mini dax worst
[10:09:54] <werner1> agree
[10:15:02] <werner1> no direction sofar
[10:15:47] <werner1> es try
[10:15:57] <ksch> entering long dax cfd small size m15 fvb testing Ch5 long shadow zone 12289
[10:17:49] <ksch> against the downtrend but trend right now doesn't seem that strong
[10:18:42] <werner1> Long Emini NQ @ 7102.50
[10:19:05] <werner1> Exited all Emini NQ Long @ 7108.50 --> + 6
[10:26:20] <ksch> long nasdaq cfd 7076
[10:27:51] <Tigerman______> lg dax 12259
[10:28:25] <werner1> Shorts Emini NQ @ 7088.50
[10:28:58] <werner1> a bit early
[10:30:59] <werner1> djeez es nice pt1
[10:31:12] <werner1> nq struggle
[10:32:14] <werner1> Covered all Emini NQ Short @ 7091.00 --> - 2.5
[10:32:44] <Tigerman______> exit all dax @ 12250 -9p
[10:32:50] <werner1> sorry
[10:33:30] <Tigerman______> lg dax 12245 exit 2/3 @ 53 +8
[10:33:57] <Tigerman______> exit all 1/4 @ 54 +9 p
[10:34:14] <Tigerman______> too distracting posting fast trades
[10:34:26] <werner1> 7079.75
[10:34:55] <werner1> Shorts Emini NQ @ 7088.50
[10:35:10] <werner1> Covered all Emini NQ Short @ 7079.75 --> + 8.75
[10:35:15] <werner1> hehe
[10:36:48] <Tigerman______> lg bund 161.98
[10:36:48] <ksch> exiting dax cfd long -40
[10:36:50] <werner1> mmm maybe chop here
[10:36:57] <Tigerman______> ultra small
[10:37:03] <Tigerman______> just a test
[10:37:21] <Tigerman______> anyway it can absorb a lot of size
[10:37:38] <ksch> exiting nasdax cfd long -14
[10:37:53] <Tigerman______> exit all @ 1621.99 + 1p
[10:38:03] <Tigerman______> exarly exit
[10:38:19] <Tigerman______> price reach a good target now @ 162.02 in Bund
[10:43:43] <ksch> short dow cfd 24280
[10:45:51] <ksch> on m15, fvb dow
[10:46:51] <werner1> Shorts Emini NQ @ 7071.00
[10:47:01] <werner1> Covered all Emini NQ Short @ 7066.00 --> + 5
[10:47:12] <Tigerman______> strong down move in dax
[11:00:44] <werner1> dam mist the short
[11:03:38] <wrbtrader> Has anyone in here done one of those TST or Earn2Trade or OneUp prop firm trading tests
??
[11:04:20] <Tigerman______> wrbtrader... I have no idea what is this
??
[11:04:38] <wrbtrader> Someone ask me about it at the forum in his private thread and I told him I only have one user of WRB Analysis doing it...his private journal is at the free TSL support forum
[11:04:49] <ksch> I've looked at them and plan to when I get better
[11:05:29] <ksch> haven't looked at earn2trade though
[11:05:49] <wrbtrader> Tigerman, its for people trying to get funded by a prop firm...they need to pay to use a simulator and follow the designated rules...
[11:06:22] <wrbtrader> If they pass the first part (trading part)...usually goes to some other type of test that they must pass to get funded by the prop firm
[11:06:47] <wrbtrader> Usually for "low capital" traders wanting to work for a prop firm
[11:09:18] <wrbtrader> You can easily find out more about it at many popular trading forums out there
[11:09:29] <ksch> exit dow -17
[11:09:56] <Tigerman______> ah ok I just looked at one up secounds ago
[11:10:13] <Tigerman______> just to see what is that
[11:10:27] <Tigerman______> yeah can be interesting .... just...
[11:10:50] <Tigerman______> seems more a way to gain money with subscriptions
[11:11:35] <werner1> Long Emini NQ @ 7088.50
[11:11:54] <wrbtrader> Yeah that too but I guess they (prop firms) need to be paid to be able to fund their traders
[11:13:15] <wrbtrader> Just as importantly, a great way for the prop firm to keep their names out their at the forums...free publicity
[11:14:12] <werner1> Exited all Emini NQ Long @ 7090.75 --> + 2.25
[11:15:00] <Tigerman______> meanwhile I put an end to mosquitos
[11:15:25] <Tigerman______> it bite and I punish with my electro raquet
[11:15:46] <Tigerman______> summerseason and BIG garden outside home
[11:16:14] <Tigerman______> about funding..
[11:16:31] <Tigerman______> I prefer auto funding and try with small size on my own
[11:16:50] <Tigerman______> today we have e-minies and CFD or ETF
[11:17:00] <Tigerman______> nothing like that ages ago
[11:17:25] <Tigerman______> I remember you started with full SP500 contract if I remember right
[11:19:06] <wrbtrader> I believe a properly funded trading account along with 2 - 3 years of savings to support your lifestyle or family is a great start to start trading while minimizing many stressful situations that can cause discipline problems
[11:20:12] <Tigerman______> yeah agreed ....only one thing is scary x me...
[11:20:31] <Tigerman______> markets change ... always change
[11:20:39] <wrbtrader> I was funded by my family while I was still in college (freshman year)...I didn't have the typical trading pressure that a retail trader typically begins with.
[11:21:06] <wrbtrader> I was still busy in chasing girls, preparing for exams and partying
[11:21:28] <Tigerman______> you can do well this year and next... then market change ... pretend no able to adapt... BIG issue
[11:21:56] <wrbtrader> would just trade a few hours per week
[11:21:58] <Tigerman______> yeah Wrbtrader you situation is not so common
[11:22:11] <Tigerman______> very good x you
[11:22:57] <Tigerman______> also luxury learning in a better enviroment
[11:24:50] <ksch> short dax cfd 12250 fvb on m1
[11:25:46] <werner1> Shorts Emini NQ @ 70845
[11:26:04] <werner1> Shorts Emini NQ @ 7084.25
[11:28:15] <werner1> Covered all Emini NQ Short @ 7082.25 --> + 2
[11:30:21] <ksch> pt1 +7
[11:30:58] <ksch> pt2 +15
[11:33:28] <ksch> trailing m1 wrbs for final exit, as also testing wrb m5 and m15 zones
[11:36:50] <ksch> trailing stop hit, +5 final exit
[11:38:07] <Tigerman______> take care all see next time
[11:38:16] <wrbtrader> As a reminder for the "chat logs"...this is NOT a trade alert room for someone to mimick/copy someone trades
[11:39:35] <ksch> so it would be better if I not name the setup I am entering?
[11:39:37] <wrbtrader> In contrast, this is a "chat room" for users to document their own trading to go along with their broker statements because broker statements alone do not show what a trader was doing from trade to trade
[11:40:27] <wrbtrader> ksch...you can name the setup but not via any of the WRB Analysis Free Study Guide if that's what you're using
[11:40:47] <wrbtrader> Anything else outside of TheStrategyLab...you can name too
[11:41:50] <wrbtrader> We use to have in here Fib Ratio traders and a lot of indicator traders (e.g. CCI, Price Moving Averages, MACD, Geometry, Market Profile and stuff)
[11:42:28] <wrbtrader> Just keep in mind that these are "public" logs although the chat room is "private"
[11:42:44] <ksch> i see, so is vtr and dcm stuff ok to name?
[11:42:52] <wrbtrader> Not ok
[11:43:03] <wrbtrader> There's another room for that...the VTR room
[11:43:16] <wrbtrader> Those logs are never public
[11:43:37] <wrbtrader> This is the free chat room...very public logs
[11:45:06] <wrbtrader> You'll be surprise by how many trolls are out there that try to use "public chat logs" for their own private mentoring
[11:45:49] <wrbtrader> Then when it doesn't work...they blame the chat room even though they chat room is not aware of the troll using it as mentoring
[11:45:49] <ksch> Makes sense. You mentioned ".you can name the setup but not via any of the WRB Analysis Free Study Guide if that's what you're using" ... so also not the free study guide as well
[11:46:17] <wrbtrader> Meant...you can use the WRB Analysis Free Study Guide
[11:46:34] <wrbtrader> You can name anything from the WRB Analysis free study guide in here
[11:46:50] <wrbtrader> You can talk about anything from the WRB Analysis free study guide in here
[11:47:04] <ksch> Perfect, hehe was confused
[11:47:08] <werner1> study and learn.....
[11:47:13] <wrbtrader> Just no fee base content because there's a designated room for the fee base content
[11:47:35] <wrbtrader> Those are the VTR room
[11:47:36] <ksch> alright, thanks very much for clarifying
[11:47:42] <ksch> I see
[11:48:02] <ksch> thank you
[11:48:26] <wrbtrader> I use to post the VTR at the private forum until I caught some of the users sharing the files with none users.
[11:48:37] <wrbtrader> I stopped posting the VTR logs after that
[11:49:03] <wrbtrader> Thus, anyone want to know what specific strategies are discussed in the VTR room...
[11:49:05] <ksch> That's too bad
[11:49:18] <wrbtrader> They need to just log in and leave their computer own to log the conversation
[11:49:46] <ksch> yes not good
[11:50:28] <wrbtrader> The biggest troll out there refer to the
[11:50:39] <wrbtrader> Free Chat Room as the "Trading Manual"
[11:51:07] <ksch> not accurate at all
[11:51:54] <ksch> terrible
[11:52:24] <wrbtrader> That particular troll was just stupid, misinformed or angry because I stopped selling the Trading Manual (only sold 5 custom copies and gave 2 away for free) last sold in 2005...that's 13 years ago.
[11:53:00] <wrbtrader> The troll tried to use something specific for CAC40 Futures an try to apply it too Emini ES futures
[11:53:35] <wrbtrader> via info only from here the Free Chat Room
[11:53:52] <wrbtrader> while never having access to the actual Trade Manual
[11:54:30] <ksch> wow, goes back a long way with this person
[11:54:33] <wrbtrader> I personally know the people that have it (they live in France, Portugal and Germany)
[11:54:40] <wrbtrader> They don't speak English
[11:54:58] <wrbtrader> in reference to the Trading Manual
[11:56:20] <wrbtrader> Yeah...the Trading Manual was an old project that never really got off the ground after 7 copies
[11:56:35] <wrbtrader> Had it been in English...it would have had a chance
[11:57:33] <wrbtrader> All the charts in it...those companies no longer in business.
[11:58:00] <wrbtrader> The broker trade platforms images of trade fills...no longer in business
[11:58:19] <wrbtrader> That's amazing considering we're only talking about 13 years ago
[11:58:46] <ksch> yes a lot of companies back then are not in business, 13 years is not a long time. is the material today a lot different?
[11:59:14] <wrbtrader> Yes...stopped using the material by the end of 2005
[12:00:25] <wrbtrader> It also contained the original WRB Analysis Free Study Guide
[12:00:42] <wrbtrader> Not even close to what the WRB Analysis Free Study Guide is today
[12:00:51] <ksch> i see
[12:01:44] <ksch> I still have a couple questions about trade management, should I ask here or through email or is there a pm with trillian?
[12:01:51] <wrbtrader> It's chapter 2 was only about "trend continuations"...there were no "swing point" price actions and no discussion about trade management
[12:02:04] <werner1> Shorts Emini NQ @ 7096.50
[12:02:14] <wrbtrader> WRB Analysis Free Study Guide today has those topics
[12:04:01] <ksch> wow added a lot of content
[12:09:55] <werner1> need 7091.50
[12:10:27] <werner1> Covered all Emini NQ Short @ 7091.50 --> + 5
[12:11:18] <werner1> Long Emini NQ @ 7102.50
[12:12:57] <werner1> Exited all Emini NQ Long @ 7107.50 --> + 5
[12:15:02] <werner1>
[12:17:43] <wrbtrader> Strong trend continuation price action in Light Crude Oil CL futures and Brent BRN Oil futures today
[12:18:00] <wrbtrader> with lots of WRB Hidden GAP intervals
[12:18:07] <wrbtrader> same directional
[12:37:05] <ksch> long dow cfd 24324
[12:42:48] <ksch> exit pt +18
[12:43:18] <ksch> exit all + 20
[12:59:37] <ksch> long dax 12281
[12:59:45] <ksch> dax cfd
[13:04:05] <ksch> pt1 +4
[13:06:50] <ksch> exit all pt2 +15
[13:36:08] <ksch> long dax cfd 12311
[13:36:55] <ksch> short eurusd 1.1643
[13:40:43] <ksch> exit dax cfd -1
[13:40:57] <ksch> exit eurusd -3
[13:42:12] <ksch> that's it for me today, have great day everyone
[13:43:11] <wrbtrader> Bye ksch
[15:58:27] <werner1> lucky bastards agentina
[15:58:43] <werner1> argentina
[16:03:22] <werner1> i hate the south also in europe.....very lazy people....
[16:04:22] <wrbtrader> Yeah...they got that goal and need to hold on for a win.
[16:04:39] <werner1> pff
[16:04:43] <wrbtrader> A tie with Nigeria will not allow them to advance to the round of 16
[16:06:05] <werner1> and tha messi so lasy and arogant
[16:06:37] <werner1> like ronaldo at portugal
[16:06:46] <werner1> ik hate that
[16:07:58] <werner1> too much money
[16:09:21] <werner1> gn all
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.
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.htm Rebuttal to Mr. Emmett Moore Jr. 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.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 @
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