TheStrategyLab Price Action Trading (no technical indicators)
Free Chat Room:
http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164 (see chat logs below)
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 @
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##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
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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:
120418-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.58 MiB | Viewed 246 times ]
click on the above image to view today's price action of key markets [09:10:30] * Now talking in ##TheStrategyLab
[09:10:30] -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[09:10:30] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:31:36] <Trendtrader>
all
[09:33:48] <@wrbtrader> Long Emini ES @ 2784.25 -> large size
[09:33:53] <@wrbtrader> 10 contracts
[09:34:04] <Trendtrader> short nq 7036.25
[09:34:12] <@wrbtrader> Exited all Emini ES Long @ 2784.25 --> 0
[09:34:30] <@wrbtrader> Shorts Emini ES @ 2783.00 -> large size
[09:34:41] <@wrbtrader> 10 contracts
[09:35:14] <Trendtrader> exit nq 7024.25 +12
[09:36:22] <@wrbtrader> Covered all Emini ES Short @ 2783.25 --> - 0.25
[09:36:50] <Trendtrader> long nq 7031.25
[09:38:08] <@wrbtrader> Shorts Emini ES @ 2784.00 -> large size
[09:38:15] <@wrbtrader> 10x
[09:38:33] <Trendtrader> exit nq short 7031.25 +0
[09:38:51] <@wrbtrader> Covered all Emini ES Short @ 2785.75 --> - 1.75
[09:40:31] <@wrbtrader> Shorts Emini ES @ 2785.00 -> large size
[09:40:33] <@wrbtrader> 10x
[09:43:39] <@wrbtrader> Covered all Emini ES Short @ 2780.50 --> + 4.5
[09:48:10] <@wrbtrader> Shorts Emini ES @ 2777.25 -> large size
[09:48:15] <@wrbtrader> 10x
[09:50:58] <@wrbtrader> Covered all Emini ES Short @ 2778.75 --> - 1.5
[09:51:55] <@wrbtrader> Shorts Emini ES @ 2777.50 -> large size
[09:52:05] <@wrbtrader> 10x re-entry
[09:54:03] <@wrbtrader> Covered all Emini ES Short @ 2774.50 --> + 3
[09:54:10] <@wrbtrader> WRB pt1 reached
[09:55:00] <@wrbtrader> This day going forward...my position size will say "x" instead of contracts
[09:55:19] <@wrbtrader> It will speed up my trade posts
[09:55:24] <Trendtrader> I've got to step out for a meeting.
.
[09:55:32] <@wrbtrader> see you later
[09:55:37] <Trendtrader> for sure. shorthand helps.
[10:06:35] <@wrbtrader> Price action in contradiction...Long & Short signals showing up about the same time
[10:07:47] <Tigerman______>
all
[10:07:59] <@wrbtrader> good morning
[10:08:16] <Tigerman______> messy opening
[10:08:36] <Tigerman______> in contrast now I see a more clear downtrend
[10:09:44] <@wrbtrader> Long Emini ES @ 2777.00 -> small size
[10:09:50] <@wrbtrader> 2 contracts
[10:10:16] <@wrbtrader> too slow getting Long on that one
[10:10:56] <@wrbtrader> geeesh
[10:11:20] <Tigerman______> only strong here is Nq just it regret now
[10:12:04] <@wrbtrader> Exited all Emini ES Long @ 2774.00 --> - 3
[10:12:24] <Tigerman______> h es 74.75
[10:12:34] <Tigerman______> sh es 2774.75
[10:12:58] <@wrbtrader> Shorts Emini ES @ 2773.50 -> small size
[10:13:01] <@wrbtrader> 3x
[10:14:35] <Tigerman______> exit 2/3 @ 73.25 +1.5
[10:15:29] <@wrbtrader> Covered all Emini ES Short @ 2773.25 --> + 0.25
[10:15:53] <Tigerman______> exit 1/3 @ 73 +1.25
[10:16:58] <@wrbtrader> Long Emini ES @ 2776.50 -> small size
[10:17:06] <@wrbtrader> 3x
[10:18:01] <@wrbtrader> damn...another snapback from the 2778 level
[10:18:31] <@wrbtrader> Exited all Emini ES Long @ 2773.50 --> - 3
[10:19:55] <Tigerman______> sh es 2773
[10:20:05] <@wrbtrader> Shorts Emini ES @ 2772.75 -> medium size
[10:20:09] <@wrbtrader> 5x
[10:21:19] <@wrbtrader> snapbacks getting tougher to manage
[10:23:04] <Tigerman______> exit all @ 71.50 +2.5
[10:23:42] <Tigerman______> it can spike down again here
[10:24:32] <@wrbtrader> Covered all Emini ES Short @ 2770.75 --> + 2
[10:25:43] <Tigerman______> sh 2770.50
[10:26:59] <Tigerman______> exit all @ 70.50 +0 choppy
[10:28:05] <@wrbtrader> too much contracting volatility now
[10:28:12] <@wrbtrader> I'm now expecting a volatility spike
[10:29:31] <@wrbtrader> Long Emini ES @ 2773.25 -> small size
[10:29:34] <@wrbtrader> 3x
[10:30:37] <@wrbtrader> Exited all Emini ES Long @ 2774.00 --> + 0.75
[11:35:26] <@wrbtrader> Shorts Emini ES @ 2767.50 -> small size
[11:35:39] <@wrbtrader> 3x
[11:35:50] <@wrbtrader> 3x = 3 contracts
[11:36:15] <@wrbtrader>
[11:36:34] <@wrbtrader> Emini ES
the down move by the other Emini futures
[11:37:06] <Tigerman______> RTY seems stronger in the move
[11:37:29] <Tigerman______> regardless I no trade more x today
[11:38:31] <@wrbtrader> tightning trail stop
[11:38:38] <@wrbtrader> I'm now expecting a volatility spike
[11:40:21] <@wrbtrader> Covered all Emini ES Short @ 2768.75 --> - 1.25
[11:46:27] <@wrbtrader> Shorts Emini ES @ 2767.25 -> small size
[11:46:35] <@wrbtrader> 3x re-entry
[11:49:24] <@wrbtrader> Covered Emini ES Short @ 2767.75 --> - 0.5
[11:49:24] <@wrbtrader> Reverse and Enter Long Emini ES @ 2767.75
[11:51:47] <@wrbtrader> Exited all Emini ES Long @ 2766.75 --> - 1
[11:51:52] <@wrbtrader> punks
[11:53:47] <@wrbtrader> Shorts Emini ES @ 2766.25 -> medium size
[11:53:51] <@wrbtrader> 5x
[11:55:35] <@wrbtrader> I'm trading within a tight trading range...
[11:55:44] <@wrbtrader> I'm getting flipped around too easily
[11:58:49] <@wrbtrader> Covered all Emini ES Short @ 2763.50 --> + 2.75
[11:59:12] <@wrbtrader> WRB pt1 reached
[12:00:44] <Tigerman______> ok I finish here
[12:00:49] <Tigerman______> thanks x talking
[12:01:05] <Tigerman______> take care all see next time
[12:05:17] <@wrbtrader> Shorts Emini ES @ 2756.25 -> medium size
[12:05:22] <@wrbtrader> 5x
[12:06:03] <@wrbtrader> Covered all Emini ES Short @ 2753.00 --> + 3.25
[12:06:19] <@wrbtrader> WRB pt1 reached
[12:06:33] <@wrbtrader> Obviously that's a breakout below the S area
[12:09:38] <@wrbtrader> a lot of volatility
[12:13:58] <@wrbtrader> Shorts Emini ES @ 2746.50 -> medium size
[12:14:03] <@wrbtrader> 5x
[12:15:17] <@wrbtrader> Covered all Emini ES Short @ 2741.25 --> + 5.25
[12:16:33] <@wrbtrader> I just realized not much talk in here about Light Crude Oil CL futures
[12:17:06] <@wrbtrader> I did a quick look thru the logs...seem to decline in discussed in here at the top of the year
[12:18:50] <@wrbtrader> Dow drops 450 points on fears of slowing economic growth, banks lead the decline (CNBC) @
https://www.cnbc.com/2018/12/04/stock-m ... icism.html[12:21:27] <@wrbtrader> Shorts Emini ES @ 2740.25 -> medium size
[12:21:31] <@wrbtrader> 5x
[12:23:01] <@wrbtrader> Covered all Emini ES Short @ 2740.00 --> + 0.25
[12:23:14] <@wrbtrader> Lucky to excape that trade with a profit
[12:23:59] <@wrbtrader> Tried shorting another contracting volatility S area breakdown...poor entry didn't give me any wiggle room to hold it longer
[12:25:00] <@wrbtrader> Shorts Emini ES @ 2736.75 -> medium size
[12:25:05] <@wrbtrader> 5x
[12:23:01] <@wrbtrader> Covered all Emini ES Short @ 2740.00 --> + 0.25
[12:23:14] <@wrbtrader> Lucky to excape that trade with a profit
[12:23:59] <@wrbtrader> Tried shorting another contracting volatility S area breakdown...poor entry didn't give me any wiggle room to hold it longer
[12:25:00] <@wrbtrader> Shorts Emini ES @ 2736.75 -> medium size
[12:25:05] <@wrbtrader> 5x
[12:25:26] <@wrbtrader> Covered all Emini ES Short @ 2736.25 --> + 0.5
[12:25:51] <@wrbtrader> better entry but the snapbacks are too fast to grab a decent profit via a WRB pt1
[12:30:26] <@wrbtrader> Shorts Emini ES @ 2729.25 -> medium size
[12:30:30] <@wrbtrader> 5x
[12:31:06] <@wrbtrader> Covered all Emini ES Short @ 2728.00 --> + 1.25
[12:31:21] <@wrbtrader> trail stop placement error
[12:31:42] <@wrbtrader> It then was easily pick pocketed before the WRB pt1 was reached
[12:32:30] <@wrbtrader> Shorts Emini ES @ 2723.75 -> medium size
[12:32:36] <@wrbtrader> 5x
[12:33:10] <@wrbtrader> Covered all Emini ES Short @ 2725.00 --> - 1.25
[12:46:28] <@wrbtrader> Long Emini ES @ 2733.75 -> small size
[12:46:34] <@wrbtrader> 2x
[12:50:29] <@wrbtrader> Exited all Emini ES Long @ 2732.00 --> - 1.75
[12:50:34] <@wrbtrader>
[12:51:47] <@wrbtrader> contracting volatility formed another S/R area
[12:51:57] <@wrbtrader> will trade again another breakout of either
[12:52:39] <@wrbtrader> Shorts Emini ES @ 2731.50 -> medium size
[12:52:45] <@wrbtrader> 5x
[12:54:27] <@wrbtrader> Covered all Emini ES Short @ 2730.25 --> + 1.25
[12:56:04] <@wrbtrader> Long Emini ES @ 2931.00 -> medium size
[12:56:08] <@wrbtrader> 5x
[12:59:22] <@wrbtrader> Exited all Emini ES Long @ 2729.00 --> - 202
[13:01:02] <@wrbtrader> Shorts Emini ES @ 2726.25 -> large size
[13:01:06] <@wrbtrader> 10x
[13:02:56] <@wrbtrader> Covered all Emini ES Short @ 2725.50 --> + 0.75
[13:03:42] <@wrbtrader> Prior trade loss correction...
[13:03:47] <@wrbtrader> -2.00
[13:04:58] <@wrbtrader> Long Emini ES @ 2729.25 -> large size
[13:05:03] <@wrbtrader> 10x
[13:05:08] <@wrbtrader> position size error
[13:05:47] <@wrbtrader> Exited all Emini ES Long @ 2730.00 --> + 0.75
[13:06:03] <@wrbtrader> got lucky on that one
[13:06:26] <@wrbtrader> should have only been 2 - 3 contracts on that Long position
[13:06:34] <@wrbtrader> not 10
[13:07:23] <@wrbtrader> Lost concentration or something for me to go Large like that on a counter-trend trade soon after the lunch perior
[13:08:46] <@wrbtrader> A lot of re-entry trades today for me
[13:08:59] <@wrbtrader> That means I'm getting shaken out of my trades too easily
[13:11:01] <@wrbtrader> Shorts Emini ES @ 2725.50 -> medium size
[13:11:05] <@wrbtrader> 5x
[13:12:20] <@wrbtrader> Its trying to find support
[13:12:54] <@wrbtrader> Covered all Emini ES Short @ 2727.25 --> - 1.75
[13:16:03] <@wrbtrader> Long Emini ES @ 2727.00 -> medium size
[13:16:07] <@wrbtrader> 5x
[13:18:57] <@wrbtrader> A lot of pressure on this Long position
[13:19:23] <@wrbtrader> volatility just rolled over again...3x back n forth in the past 2 mins
[13:20:46] <@wrbtrader> more contraction showing up now
[13:23:36] <@wrbtrader> Exited all Emini ES Long @ 2723.75 --> - 3.25
[13:25:19] <@wrbtrader> Shorts Emini ES @ 2723.50 -> large size
[13:25:25] <@wrbtrader> 10x
[13:27:30] <@wrbtrader> Covered all Emini ES Short @ 2717.75 --> + 5.75
[13:27:56] <@wrbtrader> WRB pt1
[13:28:08] <@wrbtrader> It cleaned up the problematic recent trades too
[13:28:26] <@wrbtrader> with the help of the position size management
[13:39:21] <@wrbtrader> Shorts Emini ES @ 2710.75 -> large size
[13:39:26] <@wrbtrader> 10x
[13:40:47] <@wrbtrader> Covered all Emini ES Short @ 2705.00 --> + 5.75
[13:40:58] <@wrbtrader> WRB pt1 reached
[13:47:50] <@wrbtrader> I'm calling it quits here
[13:48:21] <@wrbtrader> Traded aggressively today out of the gate...just now ran out of mental energy
[13:48:34] <@wrbtrader> Too tired to keep trading to 4pm est
[13:48:45] <@wrbtrader> Take care all and see all tomorrow
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 with a head trader telling you what to trade, when to buy or when to sell. In fact, 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 @
http://twitter.com/wrbtrader (24/7)
Stocktwits @
http://stocktwits.com/wrbtrader (24/7)