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 Post subject: December 7th Friday - Futures, Forex, Stocks and ETF
 Post Posted: Fri Dec 07, 2018 6:08 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
TheStrategyLab Price Action Trading (no technical indicators)
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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
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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 help develop a better understanding of the price action (market context) they're trading.

Image This is not a signal calling (trade alerts) room. Our free chat room has never been advertised as a trade room and we ban traders for attempting to use our chat room as a trade alerts room for the purpose to mimick/copy trades posted by any of our members.

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:
120718-TheStrategyLab-Chat-Room-Key-Markets.png
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click on the above image to view today's price action of key markets

[09:30:09] * Now talking in ##TheStrategyLab
[09:30:16] <Trendtrader> gm all
[09:32:51] <Trendtrader> long nq 6814.25
[09:33:46] <wrbtrader> Long Emini ES @ 2695.50 -> small size
[09:33:52] <wrbtrader> 1x
[09:34:30] <Trendtrader> exit nq long 6814 -0.25
[09:34:40] <Trendtrader> shaken out
[09:37:14] <wrbtrader> Exited Emini ES Long @ 2697.25 --> + 1.75
[09:37:14] <wrbtrader> Reverse and Enter Short Emini ES @ 2697.25
[09:38:24] <wrbtrader> Covered Emini ES Short @ 2699.00 --> - 1.75
[09:40:23] <wrbtrader> Long Emini ES @ 2701.75 -> small size
[09:40:26] <wrbtrader> 3x
[09:40:53] <wrbtrader> Exited all Emini ES Long @ 2703.50 --> + 1.75
[09:41:37] <wrbtrader> I was trying "fixed" stops / profit targets
[09:41:49] <wrbtrader> As in 1.75
[09:42:15] <wrbtrader> Thus, trying to manage the those trades via "position size" exclusively
[09:42:39] <wrbtrader> I don't like it too much...may try it again in the future
[10:09:30] <wrbtrader> Shorts Emini ES @ 2695.75 -> small size
[10:09:33] <wrbtrader> 3x
[10:12:00] <wrbtrader> Covered all Emini ES Short @ 2693.25 --> + 2.5
[10:12:12] <wrbtrader> WRB pt1 reached
[10:16:40] <Trendtrader> yeah, it is pretty tough using a fixed stop/target in these market conditions.
[10:18:23] <wrbtrader> The biggest reason why I"m not a fan of fixed stops/targets is because you can not let winners run and you're not able to exploit the "actual market condition"...
[10:18:44] <wrbtrader> Fixed risk:rewards "ignore" market conditions
[10:19:37] <Trendtrader> I completely agree.
[10:25:51] <wrbtrader> Shorts Emini ES @ 2674.00 -> small size
[10:25:55] <wrbtrader> 3x
[10:26:52] <wrbtrader> Covered all Emini ES Short @ 2676.25 --> - 2.25
[10:27:09] <wrbtrader> something is strange with my fills again
[10:27:31] <wrbtrader> Its been happening all week :(
[10:28:44] <wrbtrader> The quotes were @ 2675.25 and I then Shorted the "uptick" when it moved to 2675.50
[10:28:52] <wrbtrader> Yet filled @ 2674.00
[10:30:06] <wrbtrader> I had this problem many years ago with a broker to only discover a few months later "after" the problem that the broker had delayed quotes by 5 - 7 seconds
[10:31:33] <wrbtrader> It only happened in "fast moving price action"
[10:34:19] <wrbtrader> I shouldn't need to wait for extremely SLOW price action or extremely contracted price action to get decent fills
[10:34:54] <wrbtrader> Shorts Emini ES @ 2677.50 -> small size
[10:34:59] <wrbtrader> 3x
[10:35:50] <wrbtrader> As soon as I entered that trade...it instantly went 1 full point against me before heading back southward
[10:36:34] <wrbtrader> Covered all Emini ES Short @ 2673.25 --> + 4.25
[10:36:49] <wrbtrader> WRB pt1 reached
[10:40:32] <wrbtrader> Now you know why I'm staying small size only...recently too many "strange" price action and weird fills
[10:49:19] <wrbtrader> Shorts Emini ES @ 2676.25 -> small size
[10:49:26] <wrbtrader> 3x
[10:50:14] <wrbtrader> Covered all Emini ES Short @ 2674.00 --> + 2.25
[10:50:25] <wrbtrader> WRB pt1 reached
[10:51:03] <wrbtrader> wanted to hold it a little longer when the volatility showed up after entry but had too much fear that it will quickly snapback UP
[10:52:10] <Donnin________> can i get some good movement off chapter 2
[10:52:25] <Donnin________> still try to get it coded
[10:52:31] <Donnin________> trying
[10:52:44] <wrbtrader> movement ?
[10:52:52] <Donnin________> enties
[10:53:07] <wrbtrader> You still working with the "coder" ???
[10:53:50] <Donnin________> yess but they tell me they will review and never get back in touch
[10:54:07] <wrbtrader> OK
[10:54:32] <wrbtrader> Chapter 2 involves KMEs whereas Chapter 4 does not involve KMEs
[10:54:48] <Donnin________> same thing no
[10:54:56] <wrbtrader> No
[10:55:03] <wrbtrader> Different variations
[10:55:23] <wrbtrader> small differences in the price action definition rules
[10:55:35] <Donnin________> really wow
[10:56:18] <wrbtrader> Differences in the v2 requirement and contracting volatility
[10:57:02] <wrbtrader> Also, chapter 2 only has ONE price action definitions for v2/v1 interaction
[10:57:24] <wrbtrader> Chapter 4 has multiple price action definitions NOT even discussed in chapter 2
[10:59:05] <wrbtrader> There's additional price action definitions involving v2/v1 in Chapter 4 but I have NOT shared them except only with the most active members that have been posting broker statements and other verification of how they're using WRB Analysis
[10:59:19] * Disconnected
[10:59:33] * Attempting to rejoin channel ##TheStrategyLab
[10:59:40] * Rejoined channel ##TheStrategyLab
[10:59:40] -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
[11:01:26] <wrbtrader_away> Strange disconnection and there's a repairman outside working on the fiber-optics but he already passed out notices that there would be "no disruptions to service
[11:01:29] <wrbtrader_away> :)
[11:05:20] * wrbtrader_away is now known as wrbtrader
[11:12:10] <wrbtrader> Shorts Emini ES @ 2665.75 -> small size
[11:12:15] <wrbtrader> 3 contracts
[11:12:53] <wrbtrader> There's that weird speed again...
[11:13:00] <wrbtrader> Gotta be the ALGO crap
[11:13:15] <wrbtrader> Covered all Emini ES Short @ 2665.00 --> + 0.75
[11:13:27] <wrbtrader> trail stop pick pocketed :(
[11:15:13] <wrbtrader> Shorts Emini ES @ 2660.50 -> small size
[11:15:17] <wrbtrader> 3x
[11:16:18] <wrbtrader> Every trade today went against me on entry on average about 3 ticks
[11:16:44] <wrbtrader> Covered all Emini ES Short @ 2663.00 --> - 2.5
[11:18:29] <wrbtrader> weak support area
[11:20:39] <wrbtrader> Shorts Emini ES @ 2660.50 -> small size
[11:20:47] <wrbtrader> 3x
[11:20:49] <wrbtrader> punks
[11:22:02] <wrbtrader> Covered all Emini ES Short @ 2659.50 --> + 1
[11:22:28] <wrbtrader> Shorts Emini ES @ 2667.75 -> small size
[11:22:35] <wrbtrader> 3x re-entry
[11:24:17] <wrbtrader> Covered all Emini ES Short @ 2655.25 --> + 12.5
[11:24:33] <wrbtrader> correction on the entry
[11:25:01] <wrbtrader> Short @ 2657.75
[11:25:15] <wrbtrader> +2.50
[11:27:55] <wrbtrader> I just got notice from the tech department at my ISP...
[11:28:13] <wrbtrader> The info from my broker is 0.4 seconds delayed :(
[11:30:43] <wrbtrader> My ISP speed test is currently 850 Mbps
[11:31:18] <wrbtrader> I have two active connections...direct line and wifi at the same time
[11:31:47] <wrbtrader> Direct line is 850 Mbps and Wifi is 220 Mbps
[11:32:07] <wrbtrader> Broker requires 15 Mbps
[11:33:50] <wrbtrader> I know I'm fast but it feels like "I'm always behind or late" in my trade entries/exits
[11:35:34] <wrbtrader> Broker currently now 0.8 seconds behind
[11:35:58] <wrbtrader> currently now 0.3 seconds behind
[11:36:25] <wrbtrader> currently now 1.3 seconds behind
[11:36:38] <wrbtrader> 1.8 seconds behind
[11:36:54] <wrbtrader> 0.2 seconds behind
[11:37:07] <wrbtrader> geeesh
[11:39:39] <wrbtrader> 0.7 seconds behind
[11:40:42] <wrbtrader> 0.2 seconds behind
[11:40:50] <wrbtrader> 1.8 seconds behind
[11:41:07] <wrbtrader> 2.3 seconds behind
[11:41:20] <wrbtrader> 0.6 seconds behind
[11:41:45] <wrbtrader> 0.2 seconds behind
[11:41:50] <Trendtrader> that's very strange there's so much delay
[11:42:16] <wrbtrader> Long Emini ES @ 2659.50 -> small size
[11:42:20] <wrbtrader> 3 contracts
[11:42:24] <Trendtrader> what kind of entry orders are you typically using?
[11:42:59] <wrbtrader> Exited all Emini ES Long @ 2662.75 --> + 3.25
[11:43:12] <wrbtrader> Limit and Market orders
[11:43:51] <wrbtrader> The issue is that what I see in realtime...its NOT realtime
[11:44:05] <wrbtrader> reason why I'm getting strange fills
[11:44:08] <Trendtrader> do you have trouble with the limit orders or just the market orders?
[11:44:15] <wrbtrader> both
[11:44:59] <Trendtrader> wow, that's really bad then, since the limit orders should give you price certainty with the risk you may not get a fill.
[11:45:08] <wrbtrader> Bingo
[11:45:30] <wrbtrader> Also, I posted the times of the delays...they were varying from second to second
[11:46:21] <Trendtrader> I saw that - very strange. Something is definately off.
[11:46:37] <wrbtrader> The recent trade...that Long position...it too had a big delay but "In my favor"
[11:47:17] <wrbtrader> I enter on Upticks via a Market order when it was at 2660.25
[11:48:42] <Trendtrader> has your broker given any reasoning for this?
[11:48:52] <wrbtrader> I got instantly filled @ 2659.50 and exited 43 seconds later when the delay increased from 0.3 seconds to 1.6 seconds...exit @ 2662.75 when the charts and quotes showed 2663.50
[11:49:47] <wrbtrader> No reason YET...they are still checking into it. I've sent the 3 small videos.
[11:49:56] <Trendtrader> If the market wasn't trending so well this could ruin profitablilty of your entries.
[11:49:58] <wrbtrader> I haven't sent then anything for today just yet
[11:50:14] <wrbtrader> Trendtrader...exactly
[11:51:29] <wrbtrader> I recognize the problem and my Shorting on Upticks or going Long on Downticks is helping but I shouldn't be forced to do such to get decent fills while the spread has been all day @ 0.25
[11:52:34] <wrbtrader> Feels like I'm trading with a "target on my back"...
[11:52:38] <Trendtrader> No you shouldn't. Trading is hard enough without that!
[11:52:58] <wrbtrader> Someone specifically doing something that I can't figure out just YET
[11:53:36] <wrbtrader> Easy answer is to blame it on the ALGOs but the ALGOs are not causing my broker to be "delayed" in their quotes
[11:54:07] <Trendtrader> Correct and I've not had that problem with any of my executions.
[11:54:09] <wrbtrader> Someone else recently said 0.4 second delay is NOT bad :(
[11:54:32] <Trendtrader> I would disagree with that.
[11:54:53] <Trendtrader> The worst part is that your limit orders are not working properly.
[11:55:13] <Trendtrader> That should not be messed up regardless of delay time.
[11:56:12] <wrbtrader> I have 850 Mbps...how the hell do I have 0.2 to 1.8 seconds delay ?
[11:56:24] <wrbtrader> Why is the delay change every second
[11:56:32] <wrbtrader> Weird
[11:57:39] <wrbtrader> ISP could also be the problem
[11:57:42] <Trendtrader> Good question. Your speed is fast, but what about your latency? (i.e. how fast a change your connection can handle?)
[11:57:55] <wrbtrader> Last night I did a test...
[11:58:34] <wrbtrader> I watched my TV (same fiber optic connection) on two different laptops last night...my trading laptops...
[11:58:57] <wrbtrader> There was a delay between the laptops of up to 0.6 seconds
[11:59:33] <wrbtrader> Same fiber optic line...one show was 0.6 seconds faster thant the same movie on the other laptop
[12:00:15] <wrbtrader> Same delay in my telephone connection...also on the same fiber optics
[12:00:51] <wrbtrader> If I have the exact same conversation on one telephone and then with the other phone off the hook but on speaker...
[12:01:12] <wrbtrader> It has a delay in the audio...anywhere fron 0.6 to 1.8 seconds
[12:02:10] <Trendtrader> That does sound like an ISP problem, but your limit orders not working is something different.
[12:02:23] <wrbtrader> I don't know what's good/bad latency but the ISP told me its "poor"
[12:03:06] <Trendtrader> That's not good.
[12:03:09] <wrbtrader> Poor latency with the Broker to be specific
[12:03:22] <Trendtrader> Has it always been like that?
[12:03:30] <wrbtrader> No
[12:03:35] <wrbtrader> Since October
[12:04:00] <wrbtrader> When I begin to notice that weird strange fast price action on my trade entries
[12:04:12] <Trendtrader> I don't recall you having this problem anytime over the past ~10 years.
[12:04:35] <Trendtrader> Have you changed ISPs? Or brokers?
[12:04:40] <wrbtrader> Its as if my trades are "seconds" (just a few seconds) behind the market
[12:05:34] <Trendtrader> Brutal.
[12:05:34] <wrbtrader> Nothing has change except I now have a "printer" on my network in "sharing mode"
[12:06:03] <wrbtrader> That way I can print via WiFi instead of needing to connect directly
[12:06:21] <wrbtrader> Printer is OFF during the trading session
[12:06:24] <Trendtrader> That's ok.
[12:07:30] <wrbtrader> Broker has asked me the other day why do I send them "videos of any problems"
[12:07:32] <wrbtrader> :)
[12:07:45] <wrbtrader> Its the only way I can get them to see what I see
[12:08:11] <Trendtrader> I think it is a good way to prove what is occurring.
[12:08:23] <wrbtrader> Exactly
[12:08:56] <wrbtrader> My connection does worsen at night too but I don't trade at night
[12:11:31] <Trendtrader> I wonder if something has changed with your ISP that they haven't disclosed?
[12:11:50] <wrbtrader> I've thought about that too
[12:11:54] <wrbtrader> Long Emini ES @ 2659.75 -> small size
[12:11:58] <wrbtrader> 3x
[12:13:21] <wrbtrader> Exited all Emini ES Long @ 2658.50 --> - 1.25
[12:17:38] <wrbtrader> Anyways...if its not the broker...its the ISP :(
[12:18:09] <Trendtrader> Yeah, I hope you get it sorted soon!
[12:18:46] <wrbtrader> Shorts Emini ES @ 2654.50 -> small size
[12:18:52] <wrbtrader> geeesh
[12:18:56] <wrbtrader> just did it again
[12:19:03] <wrbtrader> This time in my favor
[12:19:31] <wrbtrader> Covered all Emini ES Short @ 2650.75 --> + 3.75
[12:20:03] <wrbtrader> scary on the profits and scary on the losses
[12:20:35] <wrbtrader> That was a 3 contract trade too
[12:21:12] <wrbtrader> I naively thought it was the position size for a few weeks...10 contracts
[12:21:26] <wrbtrader> It does the same no matter to the size of the trade
[12:21:45] <wrbtrader> 1, 2, 3, 5, 10x...same weird fills
[12:23:20] <wrbtrader> I'm not willing to test my fills in TOS for comparison but I have done a few videos for each broker that shows their quotes in comparison to the quotes of another broker
[12:24:16] <wrbtrader> TOS has too many data stalls, commissions suck and I'm never comfortable with their trade execution platform
[12:24:29] <Trendtrader> same or different between brokers?
[12:24:33] <wrbtrader> Feels like something for an "investor" not for "traders
[12:25:01] <wrbtrader> Same problem with different brokers on the TT platform
[12:25:19] <wrbtrader> I have not tested a different platform such as TOS
[12:25:30] <wrbtrader> or Tradestation
[12:26:16] <wrbtrader> I have accounts also with TOS and Tradestation.
[12:27:22] <wrbtrader> At least I can see the problems with TOS and Tradestation without taking a single trade thru their platforms
[12:27:43] <wrbtrader> With TT...the problem is that it looks ok before entry but the fills clearly show its NOT ok
[12:28:42] <wrbtrader> I know the market is fast...volatility is strange but I'm not getting any "no fills"
[12:29:53] <wrbtrader> I'll figure it out soon...it will be either the broker or the ISP
[12:30:21] <wrbtrader> I'm lucky so far via the way I trade that this has not caused me any "big" problems that I can not bounce back from
[12:31:14] <wrbtrader> Shorts Emini ES @ 2652.50 -> small size
[12:31:18] <wrbtrader> 3x
[12:31:49] <wrbtrader> poor entry...my fault
[12:32:31] <wrbtrader> Covered all Emini ES Short @ 2663.75 --> - 11.25
[12:32:47] <Trendtrader> I'd be very interested to hear the result when you figure it out.
[12:32:48] <wrbtrader> -1.25
[12:33:20] <wrbtrader> trail stop pick pocketed before it dropped :(
[12:33:47] <wrbtrader> Shorts Emini ES @ 2650.25 -> small size
[12:33:52] <wrbtrader> 3x
[12:34:59] <wrbtrader> Covered all Emini ES Short @ 2650.00 --> + 0.25
[12:35:09] <wrbtrader> trail stop pick pocketed
[12:36:09] <wrbtrader> boom...it quickly moved fast just now when the delay hit 1.8 seconds and it then snapped to a delay of 0.4 seconds
[12:37:49] <wrbtrader> Shorts Emini ES @ 2647.50 -> small size
[12:37:53] <wrbtrader> 3x
[12:39:43] <wrbtrader> Covered all Emini ES Short @ 2647.25 --> + 0.25
[12:39:54] <wrbtrader> trail stop pick pocketed again :(
[12:40:14] <wrbtrader> Starting to look like an S area is trying to form
[12:40:37] <wrbtrader> Drops again...geeesh
[12:42:08] <wrbtrader> Wow...last three trades were Short positions since the 2652.50 price area and I still lost money among those 3 trades
[12:45:43] <wrbtrader> Price action retraced the most recent Down WRB Hidden GAP interval
[12:55:00] <wrbtrader> Just did it again
[12:55:38] <wrbtrader> Price action suddenly jumped +1.75 points when the delay hit 1.8 seconds
[12:55:56] <wrbtrader> now the delay back to 0.4 seconds
[12:56:37] <wrbtrader> 0.2 seconds
[12:56:45] <wrbtrader> 0.1 seconds
[12:56:52] <wrbtrader> 0.5 seconds
[12:57:03] <wrbtrader> 0.8 seconds
[12:57:12] <wrbtrader> 1.1 seconds
[12:57:21] <wrbtrader> 1.4 seconds
[12:57:33] <wrbtrader> 1.0 seconds
[12:57:55] <wrbtrader> 1.8 seconds
[12:58:01] <wrbtrader> Price spike
[12:58:11] <wrbtrader> weird
[12:59:16] <wrbtrader> All price surges today occurred when the delays became > +1.5 seconds
[12:59:42] <wrbtrader> As in the delay occurred first and the price surge 2nd
[12:59:58] <wrbtrader> It should be the other way around
[13:00:24] <wrbtrader> We should get a price surge and then possibly see a delay in the quotes as it tries to keep up with the price surge
[13:00:42] <wrbtrader> In contrast, the delays are precursors to the price surge
[13:02:07] <wrbtrader> Long Emini ES @ 2661.00 -> small size
[13:02:13] <wrbtrader> 3x
[13:02:43] <wrbtrader> poor entry after trying to time my entries when the delays drop down to 0.4 seconds
[13:03:05] <wrbtrader> what a pain in the butt
[13:03:19] <wrbtrader> delays increasing
[13:03:29] <wrbtrader> 0.9 seconds
[13:03:35] <wrbtrader> 1.1
[13:03:37] <wrbtrader> 1.2
[13:03:43] <wrbtrader> 1.4
[13:03:48] <wrbtrader> 1.8
[13:04:03] <wrbtrader> Exited all Emini ES Long @ 2663.00 --> + 2
[13:04:37] <wrbtrader> weird
[13:04:51] <wrbtrader> it stayed at 1.8 and then it spiked again higher
[13:06:28] <wrbtrader> Ever since October I've seen these strange price actions...it crossed my mind that I was having ISP problems or broker problems but when I started seen others complain about the same price action behavior...
[13:06:47] <wrbtrader> Makes me feel like I'm trading against more than just the market
[13:07:52] <wrbtrader> Shorts Emini ES @ 2660.75 -> small size
[13:08:35] <wrbtrader> Entry again when my trade signal plus when there's only a 0.4 second delay
[13:08:39] <wrbtrader> 3 contracts
[13:09:28] <wrbtrader> delays increasing again
[13:09:51] <wrbtrader> Covered all Emini ES Short @ 2657.50 --> + 3.25
[13:10:07] <wrbtrader> I'm done trading for the day
[13:10:20] <wrbtrader> Will just do some video recordings and documentations
[13:10:23] <Trendtrader> ok
[13:10:32] <wrbtrader> And just watch
[13:11:09] <Trendtrader> Have a good, safe weekend & see you next week.
[13:11:18] <wrbtrader> Same for you
[16:02:23] <wrbtrader> Wow...Dow dropped over 500 points today and it didn't feel like it while trading today
[16:02:31] <wrbtrader> Very weird trading day indeed
[16:18:05] <wrbtrader> Just finish my documentation of trades & observations for my private trade journal
[16:18:21] <Donnin________> nice
[16:18:42] <wrbtrader> Will be at a basketball tournament for one of my kids this weekend
[16:18:52] <wrbtrader> First tournament of the year
[16:19:10] <wrbtrader> Take care, have a safe/fun weekend and see all on Monday
[16:23:19] <Donnin________> nice good weekend
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:

Image CME Emini Futures EMD, ES and NQ

Image CME Emini RTY Futures (formerly ICE TF)

Image CBOT mini-sized Dow Futures YM

Image Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Image Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Image Euronext Futures FTSE-100 and CAC-40

Image CME Futures EuroFX 6E and EC

Image Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Image Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen, Usd/Cad, Xau/Usd and Xag/Usd

Image Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

Image NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

Image COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

Image S&P CNX NIFTY Futures

Image 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

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

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

Image 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
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
wrbanalysis@gmail.com (24/7)
Twitter @ http://twitter.com/wrbtrader (24/7)
Stocktwits @ http://stocktwits.com/wrbtrader (24/7)


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