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 Post subject: ##TheStrategyLab Chat Room Review
 Post Posted: Wed Jun 01, 2011 4:28 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2431
Location: Canada
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=6
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)


http://www.thestrategylab.com/ftchat/forum/download/file.php?mode=view&id=1906

Archive chat log for image to the left @ http://www.thestrategylab.com/033007FuturesTrades.htm

The image (above/left) in this message post represents what many users in the private chat rooms were able to see via screen sharing...I took a quick screenshot while still in screen sharing for marketing purposes, for my own private trade journal documentation (other two monitors not shown for security reasons) and for verification that I traded on that specific trading day I posted real-time trades in the chat room for those that were not in the chat room or not allowed in the screen sharing for whatever reason.

I document my trading with images like this every trading day (several different times per day) in combo with my daily brokerage statements so that I know what my monitors looked like on a specific trading day because I use different templates in my chart configurations and my broker profit/loss statement screens that correlate to different types of market conditions.

The images are then stored in my private (not public) trade journal and some are then posted at the website (forum) just in case someone says they didn't see any verification or not invited to the screen sharing. Now you know why I talk about volatility in the chat logs throughout the trading day because without that info...the daily broker statements, quantitative statistical analysis of my trades and images will be missing an important piece of the puzzle to profitable trading. - wrbtrader review

Image wrbtrader Performance Record (broker PnL statements) @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=147

Note: My quantitative statistical analysis and charts setup on my monitors are only stored in my private thread as of May 2007. All images were taken during screen sharing with other forum members. Thus, my broker statements are public but the way I setup my charts on my monitors are now private.

Image Members Trade Journals using WRB Analysis (broker PnL statements, quantitative statistical analysis & DOKs) @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=117

Image WRB Analysis Members Old Performance Record (broker statements only) @ http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=10

Image Forum Users not using WRB Analysis Performance Record (broker PnL statements, quantitative statistical analysis) @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=349

Note: TheStrategyLab Members trade journals are now in the private threads section as of July 2011 for security reasons whereas prior it was located in the old public thread section.

Remember this, members using WRB Analysis are posting their trades in real time in the free chat room and the archive logs of the free chat room are then stored (archived) here at the FTCHAT Support Forum.

Some of them will then post their broker statements and quantitative statistical analysis in their private threads for security & privacy reasons. If you join our free chat room to post your real time trades while using key concepts from WRB Analysis and then request a private thread...we will set it up for you so that you can do the same to prevent problematic traders or trolls from having access to your trading info. - Review of TheStrategyLab

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

##TheStrategyLab is primarily designed to be only a real-time trade journal for documentation purposes of your real-time trades and/or real-time WRB Analysis so that users of the chat room can have a real time stamp archive of their trades and market commentaries of each trading day. These chat logs will give users a better understanding of their broker statements from one trade to the next trade when they review their performance numbers on any given trading day while comparing the time stamps of these chat logs to their broker statements.

Although this is a real-time chat room that has members posting real-time trades and/or real-time WRB Analysis...this is not a signal calling trading room (live trading room) with a guru telling you what to trade, when to buy and when to sell. In fact, we commonly ban traders that try to use our free chat room as a live trading room to copy (mimic) trades by other members. Therefore, its highly recommended that you read our terms of use policy prior to joining our free chat room to prevent any misunderstandings.

Terms of Use Policy @ http://www.thestrategylab.com/House-Rules.htm

Be aware that if you join our chat room and you do not post real-time trades, you do not post real-time WRB Analysis or you log in and just be silent (lurk)...you will be warned, removed or banned depending upon other variables involving your activity at the forum and your IP address trail as it navigated our website.

Members of our chat room are not going to teach you how to trade. Thus, there's no mentoring in our free chat room...its a free chat room with traders using the chat room to document their trades and thoughts in real-time about the markets & WRB Analysis. Yet, there's education provided but only at the forum about WRB Analysis and member's post their DOKs, brokerage statements and quantitative statistical analysis of their trading in their private threads at the forum.

To learn how to trade is your responsibility because it involves many variables that's only self-learned and that can not be taught online. In fact, we strongly believe that successful trading can not be taught online...it must be done in person (side by side) in live trading from the mentor's trading account and then followed by in the student's trading account.

Continuing, if you're serious about your trading and just looking for a free chat room to talk about the markets, document your real-time trades, without spammers, without B.S., without someone peddling their trading products, without trolls and without individuals hiding their real locations via VPNs & rented IP addresses...then get help with your trading in the associated forum private threads...keep reading and then join.

Yet, if you're just trolling the internet or looking for affiliations, partnerships or a place to vent...stop here and don't read further...we don't want you.

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

Quote:
Users of the free chat room must post their real time trades and real time market analysis to aid in proper documentation of their trading whenever they need to review their trading routine of the past market condition to be able to adapt for future market conditions. In fact, on any given trading day in the past...my own documentation shows me what charts I was looking at while I was trading, what KME's I was monitoring for that trading day, what personal distractions I had during the trading day, what price actions I was zooming in on along with other critical areas of trading...I can see what was occurring in my trading day on any given trading day. These are things my broker statements alone will not reveal. That's why I keep a daily trade journal to maintain all the information that my broker statements does not maintain.

Regardless, most important purpose for the image is to show traders they can document their trades or analysis via their charts and trading platform for their own personal trade journals in combo with daily broker statements, market summaries and brief notes about specific problem trades or new trade rules when adapting to changed market conditions...valuable information then just looking at numbers in broker statements alone.

Yet, if you want ##TheStrategyLab chat room to be educational or more active in discussing whatever it is that you're trading, we highly recommend that you ask trading related questions about your own trading instead of lurking (not saying anything) because your primary purpose is to improve your trading if you're a struggling trader. Therefore, don't join ##TheStrategyLab and then be silent. To be silent while using ##TheStrategyLab chat room, you'll be wasting a collaboration opportunity for improving your trading and doing such will make ##TheStrategyLab chat room useless to you.

With that said, you're not require to use the free chat room as a trade journal to get help with your trading because we understand most traders are uncomfortable with using chat rooms. Instead, as recommended by some users of WRB Analysis to use the free chat room in combo with 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 because these professional trade journal software will do the quantitative statistical analysis for you involving your trade performance so that you can determine on your own the strengths & weakness about your trading.

Yet, if you don't want to use the chat room and prefer to post your quantitative statistical information via any of the above recommended professional trade journal software resources in your private thread...that's ok too. 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 and then post your results in your private thread.

The most common trading instruments you'll see discussed in ##TheStrategyLab real-time chat room are Gold GC futures, Crude Oil CL futures, Emini ES futures, Emini RTY (TF) futures, Emini NQ futures, Emini YM futures, Eurex DAX futures, Forex EurUsd, QQQ, SPY, IWM, DIA and VIX. In addition, we welcome traders of other trading instruments that are listed @ http://www.thestrategylab.com/TradingInstruments.htm

##TheStrategyLab is not a signal calling chat room and we do not offer a signal calling service. Simply, do not waste your time in pretending you can review or analyze the chat room as if its a signal calling trade room. In addition, the free chat room is not a mentor (coaching) service. Therefore, do not join the chat room with the hope that someone will be able to mentor you in the chat room because chat rooms are not suitable for mentoring (teach someone how to trade).

By the way, its impossible for you to follow (mimic/copy) my trades or the trades posted by users of the free chat room for the following reasons...

1) These are real trades or simulator trades (depending upon the trader posting the trades) and not signal calls. Thus, the trades you see posted in the chat room by different users are only posted after (within 3.2 - 7.2 seconds) the confirmation received in the broker platform depending upon the member posting trades. In contrast, a signal call chat room has one guru trader posting trades (often hypothetical) along with instructing members when to buy/sell and instructions on stop placement.

2) Our chat room requires participation to maintain its usefulness. Therefore, you will never see the real-time trades fast enough to mimic the trades from among commentaries by other members. Simply, you can't get similar like trade fills on the entries, exits and position size.

3) Some members do not want others trying to mimic their trades because they know that most traders that do mimic without permission...usually aren't respectful and give nothing back in return to the chat room usefulness.

In fact, traders that try to use our free chat room as a live trading room (signal call) that our chat room is not...they tend to be those that refuses to properly document their own trading (no backtesting, no daily broker PnL statements, no professional trade journal software for their quantitative statistical analysis).

The first clue to identify these types of traders is when they break their silence in the free chat room and announce they don't understand the trades by other users when in fact they themselves have not posted any information about their own trading.

Don't be a lazy trader. Yet, if you're looking for a live trading room (signal call) to tell you when to go Long & Short...please go elsewhere and do not hang out in our free chat room because we do not offer that type of service.

4) We often use IP address scanning in real-time of users in the chat rooms to identify trolls and potential spammers...these individuals are never allowed in the screen sharing. Further, we're often away from the chat room during the trading day due to personal reasons (e.g. doctor's appointment, transporting the kids to/from school, rest and so on). Yet, our computers are always logging the real-time trades & market commentaries of users while we're away.

5) To legally operate a signal calling chat room to prevent getting into trouble with regulatory agencies...the signal caller and chat room must operate within the guidelines of those regulatory agencies. That's another reason why our chat room is free and mimicking (copying) someone's trades is not allowed in ##TheStrategyLab...we avoid all the legalities (headaches) associated with signal calling chat rooms.

Quote:
Do not attempt to mimic the trades of any trader in ##TheStrategyLab chat room. If we suspect you've joined ##TheStrategyLab to try to use it as a signal calling chat room in an effort to piggy back (mimic or copy) someone's trades, you will be banned...no exceptions and no warnings.

Once again, ##TheStrategyLab is free and designed to be only a trade journal for documentation purposes only so that members can have a real 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. Simply, if you're attempting to use ##TheStrategyLab as a signal call chat room...you're using ##TheStrategyLab for the wrong reasons and the chat room is not suitable for you.

In addition, we welcome all traders with their own methods price action or indicators via different trading styles that's merged with concepts from WRB Analysis to help keep the chat room diversified...posting trades, price action analysis or market commentaries. Yet, if you're looking for education specifically involving trade methods of TheStrategyLab that we call WRB Analysis...you must first download and learn our WRB Analysis free study guide at a different forum @ TSL Support Forum * http://www.thestrategylab.com/tsl/forum/viewforum.php?f=119 prior to asking any questions about the trades, price action analysis or market commentaries posted by wrbtrader (owner of TheStrategyLab) in ##TheStrategyLab. WRB Analysis Tutorials will help you to understand some of the key price areas (WRB Zones) that I'm looking for trade opportunities within along with learning how to use volatility analysis to help with position size management and trade management after entry.

With that said, thanks for reading the archived chat logs and we highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful trade information not discussed anywhere else online nor in any books.

Reminder, our Terms of Use (TOU) Policy is a must read to prevent any misunderstandings along with revealing that ##TheStrategyLab is a serious professional 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, offending or too far in the off topic area that's a distraction when the commentary was posted.

Note: All logs regardless to their location at TheStrategyLab.com website are eastern standard time.

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
Price Action Only Trading (no technical indicators)
Image@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
intradaystrategies@yahoo.com
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


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033007ftchat_FuturesTrades_TheStrategyLab_Chat_Room[1].png [ 32.94 KiB | Viewed 242 times ]
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