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 @
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.
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:
121218-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.57 MiB | Viewed 245 times ]
click on the above image to view today's price action of key markets [09:29:47] * Now talking in ##TheStrategyLab
[09:29:48] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:33:25] <Trendtrader>
all
[09:33:30] <Tigerman______>
all
[09:33:48] <Trendtrader> long nq 6804
[09:36:50] <wrbtrader> These openings have been overall very messy since October
[09:39:52] <wrbtrader> Anyways, another BIG GAP at the open
[09:42:53] <Tigerman______> sh spy 267.08
[09:43:15] <Tigerman______> exit all @ 266.90 +18tk
[09:45:01] <Tigerman______> as alway messy open I think merits wait a bit ...every day
[09:45:38] <Tigerman______> wrbtrader...btw about Algos did you recal the Knight firm around 2012-13 '
[09:45:52] <Tigerman______> some years ago?
[09:46:08] <wrbtrader> Yeah but didn't they go bankrupt or someone purchase them
[09:46:08] <Tigerman______> Big error with their algos
[09:46:28] <Tigerman______> someone purchase from what I remember
[09:46:55] <Tigerman______> geez half billlion loss in first minutes from open !!!!
[09:47:17] <Tigerman______> so that scary me to use fully algos
[09:47:41] <Tigerman______> yeah they did market-making
[09:48:09] <Tigerman______> regardless if one of those algos one design go crazy maybe via a bug....wow
[09:48:13] <wrbtrader> You can setup your algos or auto system to NOT trade the first minutes or NOT trade any specific time duration
[09:48:38] <Trendtrader> exit nq long 6779.75 -24.25
[09:49:14] <wrbtrader> The first retail algo trader I ever met had his setup to not trade the first 30 mins after the regular session open
[09:49:14] <Tigerman______> ye problem is if your algo act strange because a cose you not programmed properly
[09:50:13] <wrbtrader> Long Emini ES @ 2664.75 -> medium size
[09:50:19] <wrbtrader> 5 contracts
[09:50:50] <wrbtrader> Exited all Emini ES Long @ 2666.00 --> + 1.25
[09:51:08] <wrbtrader> early exit
[09:51:14] <wrbtrader> Not a WRB pt1
[09:51:22] <wrbtrader> got lost in that trade
[09:52:02] <wrbtrader> target was the R area of the most recent Down WRB Hidden GAP interval
[09:54:31] <wrbtrader> Shorts Emini ES @ 2662.50 -> medium size
[09:54:36] <wrbtrader> 5x
[09:57:22] <wrbtrader> Covered Emini ES Short @ 2665.50 --> - 3
[09:57:22] <wrbtrader> Reverse and Enter Long Emini ES @ 2665.50
[09:59:35] <wrbtrader> WRB pt1 reached
[10:00:02] <wrbtrader> Exited all Emini ES Long @ 2667.25 --> + 1.75
[10:01:04] <wrbtrader> Shorts Emini ES @ 2666.25 -> medium size
[10:01:07] <wrbtrader> 5x
[10:01:50] <wrbtrader> early on this entry...before confirmation
[10:03:03] <wrbtrader> just got screwed...be right back
[10:05:11] <wrbtrader> Covered all Emini ES Short @ 2668.25 --> - 2
[10:05:48] <wrbtrader> "Orders currently not available for the CME"
[10:05:58] <wrbtrader> Damn thing wouldn't let me out of the trade
[10:06:10] <wrbtrader> while @ profit
[10:06:33] <wrbtrader> Yet, it let me out (message disappears) when I'm at a loss
[10:06:41] <wrbtrader> WTF
[10:07:56] <wrbtrader> Shorts Emini ES @ 2666.75 -> medium size
[10:08:00] <Tigerman______> wow yeah that is one of trading issue
[10:08:05] <wrbtrader> 5x
[10:08:29] <wrbtrader> Last time I saw a message like that was about 6 years ago
[10:09:56] <wrbtrader> Covered all Emini ES Short @ 2669.00 --> - 2.25
[10:17:40] <wrbtrader> Funky strange stuff today
[10:18:57] <wrbtrader> I'm just sitting here (no trading)...doing recordings...waiting to see if that message reappears
[10:19:43] <wrbtrader> Market found a way to keep me on the sidelines
[10:25:34] <wrbtrader> Contracting volatility showing up now
[10:26:15] <wrbtrader> volatility slowly contracting but prices of volatility is slowly rising while contracting
[10:37:55] <wrbtrader> Shorts Emini ES @ 2671.00 -> medium size
[10:38:04] <wrbtrader> 5x
[10:41:18] <wrbtrader> Covered all Emini ES Short @ 2666.25 --> + 4.75
[10:41:27] <wrbtrader> crazy
[10:42:38] <wrbtrader> I'm back on the sidelines...need a quick break after what happen in the most recent 3 trades
[10:52:23] <wrbtrader> Crazy price movement...right back up there...wow
[10:53:25] <Tigerman______> yeah I m observing it all the time
[10:53:45] <Tigerman______> I mean I following this action today from start
[10:54:09] <Tigerman______> I can t figure out traders not using stops
[10:54:18] <wrbtrader> BINGO
[10:54:36] <Tigerman______> it can go against you a lot before reprise in your direction
[10:55:05] <wrbtrader> I've seen more messages lately than any other years by traders "recommending" or talking about how it "helps them" to NOT use stops
[10:56:07] <wrbtrader> Makes me a little paranoid that institutional trading firms hired thousands of idiots to post messages like that at all the forums
[10:56:20] <Tigerman______> seems like old say " it is not a loss untill you sell
[10:56:37] <wrbtrader>
[10:57:34] <wrbtrader> Funny thing...those that use to criticize me for using stops many years ago...I don't see any of them trading anymore
[10:58:01] <Tigerman______> big spike right now it can help solid up move
[10:58:06] <wrbtrader> Yep
[10:58:47] <wrbtrader> I think people not using stops is fueling the volatility...causing panic exiting and margin calls
[10:59:44] <wrbtrader> On the flip side...there are those making a ton of money....VERY FAST
[11:00:52] <wrbtrader> Reality...I've been focusing lately on one "mental theme"
[11:01:35] <wrbtrader> If I can get a big loss like -2 to -4...I can get a bigger profit via holding my winners longer
[11:04:46] <Tigerman______> lg spy 268.19
[11:07:10] <Tigerman______> exit 2/3 @ 268.29 +10t
[11:07:25] <Tigerman______> exit 1/3 @ 268.22 +3 t
[11:07:29] <Tigerman______> fast move
[12:01:26] <Tigerman______> ok I finish here
[12:01:33] <Tigerman______> take care all see next time
[12:01:51] <wrbtrader> Take care Tigerman
[13:59:22] <wrbtrader> Market keeps buying on every volatility spike that pushes prices lower
[14:00:18] <wrbtrader> Shorts Emini ES @ 2679.00 -> medium size
[14:00:23] <wrbtrader> 5x
[14:03:20] <wrbtrader> WRB pt1 reached
[14:07:42] <wrbtrader> Covered all Emini ES Short @ 2673.00 --> + 6
[14:12:58] <wrbtrader> Crazy day of counter-thrusts, retracements and so on
[14:17:02] <wrbtrader> Shorts Emini ES @ 2670.00 -> small size
[14:17:05] <wrbtrader> 3x
[14:18:21] <wrbtrader> Covered all Emini ES Short @ 2670.50 --> - 0.5
[14:24:24] <wrbtrader> Shorts Emini ES @ 2669.50 -> small size
[14:24:27] <wrbtrader> 3x re-entry
[14:25:54] <wrbtrader> Covered all Emini ES Short @ 2670.00 --> - 0.5
[14:27:47] <wrbtrader> 3x
[14:27:55] <wrbtrader> re-entry
[14:29:30] <wrbtrader> Covered all Emini ES Short @ 2662.00 --> + 7
[14:29:52] <wrbtrader> volatility spike out of nowhere
[14:31:31] <wrbtrader> Shorts Emini ES @ 2661.75 -> small size
[14:31:36] <wrbtrader> 3x
[14:32:14] <wrbtrader> Covered all Emini ES Short @ 2662.75 --> - 1
[14:32:42] <wrbtrader> Shorts Emini ES @ 2661.00 -> small size
[14:32:51] <wrbtrader> 3x re-entry
[14:34:29] <wrbtrader> Covered all Emini ES Short @ 2663.50 --> - 2.5
[14:35:15] <wrbtrader> Long Emini ES @ 2664.50 -> small size
[14:35:53] <wrbtrader> Exited all Emini ES Long @ 2662.75 --> - 1.75
[14:35:57] <wrbtrader> geeesh
[14:36:21] <wrbtrader> chop getting faster
[14:38:59] <wrbtrader> Long Emini ES @ 2664.25 -> small size
[14:39:04] <wrbtrader> 3x
[14:40:49] <wrbtrader> Exited all Emini ES Long @ 2662.50 --> - 1.75
[14:43:07] <wrbtrader> Shorts Emini ES @ 2661.50 -> large size
[14:43:15] <wrbtrader> 10x
[14:44:48] <wrbtrader> Covered all Emini ES Short @ 2660.50 --> + 1
[14:45:15] <wrbtrader> prior 4 trades have been trail stop pick pockets
[14:49:11] <wrbtrader> fast chop
[14:49:15] <wrbtrader> again
[14:50:19] <wrbtrader> Shorts Emini ES @ 2657.75 -> small size
[14:50:23] <wrbtrader> 3x
[14:51:22] <wrbtrader> Covered all Emini ES Short @ 2660.50 --> - 2.75
[14:58:38] <wrbtrader> Long Emini ES @ 2663.00 -> small size
[14:58:41] <wrbtrader> 3x
[14:59:35] <wrbtrader> Exited all Emini ES Long @ 2666.75 --> + 3.75
[15:02:26] <wrbtrader> Long Emini ES @ 2667.00 -> small size
[15:02:28] <wrbtrader> 2x
[15:03:35] <wrbtrader> Exited all Emini ES Long @ 2664.75 --> - 2.25
[15:06:40] <wrbtrader> Shorts Emini ES @ 2664.75 -> medium size
[15:06:43] <wrbtrader> 5x
[15:07:26] <wrbtrader> Covered all Emini ES Short @ 2663.25 --> + 1.5
[15:07:50] <wrbtrader> suspicious Long Shadow intervals showed up
[15:11:44] <wrbtrader> Long Emini ES @ 2670.00 -> medium size
[15:11:48] <wrbtrader> 5x
[15:12:58] <wrbtrader> Exited all Emini ES Long @ 2669.00 --> - 1
[15:16:58] <wrbtrader> Shorts Emini ES @ 2666.00 -> medium size
[15:17:01] <wrbtrader> 5x
[15:20:24] <wrbtrader> Covered all Emini ES Short @ 2662.00 --> + 4
[15:20:47] <wrbtrader> WRB pt1 thanks to the out of nowhere volatility spike
[15:25:34] <wrbtrader> Shorts Emini ES @ 2665.00 -> small size
[15:25:40] <wrbtrader> 2x
[15:25:44] <wrbtrader> correction
[15:25:58] <wrbtrader> Long Emini ES @ 2665.00 -> small size
[15:26:26] <wrbtrader> weird fill on the market order on 3 consecutive downticks
[15:27:24] <wrbtrader> Exited all Emini ES Long @ 2666.75 --> + 1.75
[15:29:28] <wrbtrader> Shorts Emini ES @ 2660.50 -> small size
[15:29:32] <wrbtrader> 2x
[15:30:21] <wrbtrader> punks
[15:31:56] <wrbtrader> Covered all Emini ES Short @ 2664.50 --> - 4
[15:33:43] <wrbtrader> Long Emini ES @ 2664.75 -> small size
[15:33:48] <wrbtrader> 2x
[15:34:06] <wrbtrader> Exited all Emini ES Long @ 2662.75 --> - 2
[15:37:09] <wrbtrader> I had 2 trades not posted in the past 15mins...didn't have time...they were breakeven
[15:39:32] <wrbtrader> Long Emini ES @ 2665.75 -> medium size
[15:39:35] <wrbtrader> 6x
[15:40:41] <wrbtrader> Exited all Emini ES Long @ 2669.25 --> + 3.5
[15:41:02] <wrbtrader> feels like a Bar Room Fight
[15:41:11] <wrbtrader> Hit anything that gets near you
[15:51:15] <wrbtrader> Shorts Emini ES @ 2659.00 -> small size
[15:51:18] <wrbtrader> 2x
[15:54:16] <wrbtrader> Covered all Emini ES Short @ 2658.50 --> + 0.5
[15:55:38] <wrbtrader> Shorts Emini ES @ 2656.00 -> small size
[15:55:42] <wrbtrader> 3x
[15:56:18] <wrbtrader> Covered all Emini ES Short @ 2655.25 --> + 0.75
[15:56:28] <wrbtrader> trail stop pick pocketed
[15:56:48] <wrbtrader> had a great entry on that Short
[15:57:37] <wrbtrader> Shorts Emini ES @ 2753.00 -> small size
[15:57:40] <wrbtrader> 3x
[15:57:56] <wrbtrader> correction...
[15:58:11] <wrbtrader> Shorts Emini ES @ 2653.00 -> small size
[16:00:03] <wrbtrader> Covered all Emini ES Short @ 2651.50 --> + 1.5
[16:00:15] <wrbtrader> crazy fast price action...
[16:00:33] <wrbtrader> It moved so fast that my eyes could not keep pace with it
[16:00:37] <wrbtrader> geeesh
[16:10:52] <wrbtrader> A lot of trades today...
[16:12:11] <wrbtrader> Amongst the trades...I had 5 problematic orders. I talked about one of them in here that wouldn't allow me to exit at +1.25 and when it did accept my order...it was for -3 points
[16:12:58] <wrbtrader> The other problem orders were my fault...moved my stops to the wrong prices but didn't realized it until they got filled
[16:13:11] <wrbtrader> Gonna get some rest now
[16:13:18] <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)