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)
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##TheStrategyLab primary purpose is for
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trade journal of
your trades via you posting WRB Analysis of the price action you see on
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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
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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
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@ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164 Attachment:
010919-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.66 MiB | Viewed 200 times ]
click on the above image to view today's price action of key markets [09:03:46] * Now talking in ##TheStrategyLab
[09:08:53] <werner1> dont forget trend daily nq is down..
[09:30:15] <wrbtrader> Ding Ding Ding
[09:30:58] <wrbtrader> small gap up on the regular session chart for the Emini Futures
[09:32:29] <wrbtrader> VIX starting the day in the low 20s
[09:36:18] <Tigerman______>
all
[09:36:42] <Tigerman______> gap Up at open... just slow action so far
[09:37:07] <wrbtrader> Emini NQ leading the charge upwards
[09:39:48] <wrbtrader> KMEs today to watch @ 1000am, 1030am, 1130am and 1400pm est
[09:47:02] <wrbtrader> Wow...a lot of down pressure now...started by NQ
[09:49:44] <wrbtrader> Long Emini ES @ 2580.50 -> medium size
[09:49:48] <wrbtrader> 5x
[09:50:54] <wrbtrader> Exited all Emini ES Long @ 2584.25 --> + 3.75
[09:51:04] <wrbtrader> WRB pt1 reached
[09:57:29] <wrbtrader> Shorts Emini ES @ 2586.50 -> small size
[09:57:35] <wrbtrader> 3x
[09:58:20] <wrbtrader> Covered all Emini ES Short @ 2587.75 --> - 1.25
[09:59:10] <wrbtrader> Shorts Emini ES @ 2586.25 -> small size
[09:59:20] <wrbtrader> 3x re-entry
[09:59:48] <wrbtrader> Covered all Emini ES Short @ 2587.50 --> - 1.25
[10:00:46] <werner1> Long Emini NQ @ 6607.25
[10:01:15] <wrbtrader> Shorts Emini ES @ 2588.50 -> small size
[10:01:20] <wrbtrader> 3x
[10:02:02] <werner1> Exited all Emini NQ Long @ 6612.00 --> + 4.75
[10:02:37] <wrbtrader> Covered all Emini ES Short @ 2589.75 --> - 1.25
[10:03:25] <werner1> tails 3min nq
[10:03:27] <wrbtrader> Long Emini ES @ 2588.50 -> medium size
[10:03:37] <wrbtrader> correction...
[10:03:51] <wrbtrader> Shorts Emini ES @ 2588.50 -> medium size
[10:03:54] <wrbtrader> 5x
[10:04:06] <werner1> Shorts Emini NQ @ 6599.00
[10:04:45] <wrbtrader> RTY pushed strongly below its S area but its now stalled
[10:04:48] <werner1> dont like it
[10:04:55] <wrbtrader> same with NQ
[10:05:37] <werner1> Covered all Emini NQ Short @ 6605.00 --> - 6
[10:06:18] <wrbtrader> Covered all Emini ES Short @ 2590.00 --> - 1.5
[10:07:14] <wrbtrader> Shorts Emini ES @ 2585.00 -> medium size
[10:07:19] <wrbtrader> 5x
[10:08:15] <wrbtrader> Covered all Emini ES Short @ 2584.50 --> + 0.5
[10:08:19] <wrbtrader>
[10:09:31] <wrbtrader> Long Emini ES @ 2586.50 -> medium size
[10:09:35] <wrbtrader> 5x
[10:12:59] <werner1> Shorts Emini NQ @ 6595.00
[10:13:14] <werner1> Covered all Emini NQ Short @ 6590.00 --> + 5
[10:13:25] <wrbtrader> Exited all Emini ES Long @ 2584.50 --> - 2
[10:15:43] <werner1> mmm long above 95 nq
[10:17:33] <werner1> Long Emini NQ @ 6695.00
[10:18:39] <werner1> Exited all Emini NQ Long @ 6594.00 --> - 101
[10:18:45] <wrbtrader> Shorts Emini ES @ 2584.50 -> medium size
[10:18:49] <wrbtrader> 5x
[10:19:22] <wrbtrader> Covered all Emini ES Short @ 2584.75 --> - 0.25
[10:19:35] <wrbtrader> fast chop showing up
[10:20:02] <werner1> Exited all Emini NQ Long @ 6694.00 --> - 1
[10:20:20] <werner1>
[10:20:44] <werner1> Long Emini NQ @ 6602.00
[10:21:23] <wrbtrader> Long Emini ES @ 2586.75 -> medium size
[10:21:26] <wrbtrader> 5x
[10:21:39] <werner1> Exited all Emini NQ Long @ 6606.00 --> + 4
[10:22:06] <wrbtrader> Exited all Emini ES Long @ 2587.00 --> + 0.25
[10:22:14] <wrbtrader> geeesh
[10:24:02] <werner1> below 6603 short nq
[10:24:41] <wrbtrader> Shorts Emini ES @ 2586.50 -> medium size
[10:24:45] <wrbtrader> 5x
[10:25:33] <wrbtrader> Covered all Emini ES Short @ 2587.25 --> - 0.75
[10:26:05] <werner1> below 6605 short nq
[10:26:14] <Tigerman______> messy action just few Wrb hg quicly retraced
[10:26:42] <wrbtrader> Shorts Emini ES @ 2586.00 -> medium size
[10:26:48] <wrbtrader> 5x
[10:27:03] <Tigerman______> in contrast I was able to do some fast trades
[10:27:23] <wrbtrader> chop is painful today
[10:28:26] <werner1> Shorts Emini NQ @ 6605.00
[10:29:06] <werner1> Covered all Emini NQ Short @ 6601.00 --> + 4
[10:29:25] <werner1> wrb pt 1
[10:30:17] <wrbtrader> just ugly
[10:30:34] <werner1> yep
[10:31:10] <wrbtrader> Covered all Emini ES Short @ 2581.00 --> + 5
[10:31:14] <werner1> fed day
[10:32:36] <wrbtrader> Shorts Emini ES @ 2579.50 -> medium size
[10:32:40] <wrbtrader> 5x
[10:33:22] <werner1> germany numbers not good .maybe .recession
[10:33:24] <wrbtrader> Covered all Emini ES Short @ 2578.25 --> + 1.25
[10:34:21] <wrbtrader> If Germany is a key component of the EU...does that mean other countries will enter recession too
[10:34:39] <werner1> yes
[10:34:49] <werner1> germany is key
[10:36:20] <werner1> and we are secount key
[10:38:38] <werner1> germany en the netherlands are economic the same
[10:39:46] <werner1> Long Emini NQ @ 6587.00
[10:40:04] <wrbtrader> Shorts Emini ES @ 2579.00 -> medium size
[10:40:09] <wrbtrader> 5x
[10:41:41] <werner1> Exited all Emini NQ Long @ 6589.50 --> + 2.5
[10:42:38] <werner1> Shorts Emini NQ @ 6582.50
[10:43:28] <wrbtrader> Covered all Emini ES Short @ 254.00 --> + 2325
[10:43:50] <werner1> Covered all Emini NQ Short @ 6572.50 --> + 10
[10:43:53] <wrbtrader> Covered all Emini ES Short @ 2574.00 --> + 5
[10:43:58] <wrbtrader> Earlier chop was tough for me...it almost made me quit today because I'm still mentally tired for the Monday trading session
[10:44:27] <wrbtrader> meant "from" the Monday session
[10:44:54] <wrbtrader> felt tired yesterday too early in the morning trading session like today
[10:45:01] <werner1> atr @ 7.2
[10:45:09] <werner1> 1 min nq
[10:45:19] <werner1> thats ok here
[10:45:59] <wrbtrader> Easy to say in hindsight that I'm glad I didn't quit after the recovery in the recent trades
[10:47:50] <wrbtrader> I think the reason why trading has been tough since October is because we've seen so many different types of high volatility fast moving price action
[10:49:30] <Tigerman______> yeah...simple that destrony any newbe trader...and cause headache in veteran too
[10:49:40] <Tigerman______> destrony=destroy
[10:50:07] <wrbtrader> Reminder - January is typically a high volatility trading month
[10:50:43] <wrbtrader> Simply, I'm expecting more craziness this month in the price action
[10:51:08] <wrbtrader> Got to pace ourselves
[10:53:51] <Tigerman______> ok I finish here today too many trades as I ll report in my journal
[10:54:24] <Tigerman______> btw wrbtrader have you got the time to look at my journals at forum
[10:55:16] <wrbtrader> Tigerman...Yes...a little bit
[10:55:53] <wrbtrader> You using any 3rd party professional trade journal software
??
[10:56:08] <Tigerman______> no x now
[10:56:53] <werner1> Shorts Emini NQ @ 65675.50
[10:56:55] <Tigerman______> I ll using normal office App x notes data stat and then re-copy on forum some of it
[10:56:57] <werner1> pfff
[10:56:59] <wrbtrader> You should our compute your own traditional stats or use your stats from your broker...brokers these days provide basic statistics of the trading
[10:57:40] <Tigerman______> I also more aware of mental and other things on trading
[10:58:10] <wrbtrader> Basic stats like avg winner/loser, avg duration of trade, win/loss ratios and stuff
[10:58:55] <Tigerman______> wrbtrader... do you need more data from me to anable me to your private journal
[10:59:36] <wrbtrader> Yes...the stats
[11:00:12] <wrbtrader> I'll look closer to see what else is needed
[11:00:52] <werner1> need 72.50
[11:01:32] <Tigerman______> ah ok good .... I ll provide soon plus the new for 2019 with HF trades
[11:01:59] <wrbtrader> I keep weird stats now like number of WRB HG intervals during the trading session I'm actively trading, number of WRB HG intervals that caused a trade loss and stuff
[11:02:01] <Tigerman______> I mean 20-30 trades in a 20min span
[11:02:48] <werner1> Covered all Emini NQ Short @ 6590.00 --> + 59085.5
[11:03:22] <wrbtrader> If I do averages...I usually only do look back of 2 weeks
[11:03:28] <werner1> mm
[11:05:05] <wrbtrader> Simply, I now put more weight on recent stats like 2 - 3 weeks versus historical stats like 1 - 5 years
[11:06:19] <wrbtrader> The key is to accumulate the stats from week to week and you'll eventually have a historical record is you need to review such
[11:07:02] <Tigerman______> yeah
[11:07:08] <Tigerman______> ok I go now
[11:07:15] <Tigerman______> take care all see next time
[11:07:20] <werner1> yeah ok indd
[11:09:22] <werner1> Shorts Emini NQ @ 6597.00
[11:10:34] <werner1> need 93
[11:11:11] <werner1> Covered all Emini NQ Short @ 6593.00 --> + 4
[11:13:47] <werner1> Long Emini NQ @ 6598.00
[11:14:16] <werner1> Exited all Emini NQ Long @ 6698.00 --> + 100
[11:15:02] <werner1> Exited all Emini NQ Long @ 6608.00 --> + 10
[11:16:46] <werner1> Shorts Emini NQ @ 6595.50
[11:17:03] <werner1> need 9150
[11:17:57] <werner1> Covered all Emini NQ Short @ 96.50.00 --> + 6595.50 - 96.50.00
[11:19:14] <werner1> ok stop posting here
[11:19:25] <werner1> for now'
[11:19:46] <werner1> focus @ the market
[11:28:19] <werner1> gn all
[12:39:05] <wrbtrader> Going to lunch and will wait for the 1400pm est KME
[12:39:26] <wrbtrader> Hopefully it stirs up the volatility without any superfast chop
[13:58:41] <wrbtrader> Ok...I'm back
[14:00:25] <wrbtrader> Long Emini ES @ 2591.00 -> medium size
[14:00:28] <wrbtrader> 5x
[14:00:49] <wrbtrader> Exited all Emini ES Long @ 2592.00 --> + 1
[14:01:35] <wrbtrader> Long Emini ES @ 2593.00 -> medium size
[14:01:41] <wrbtrader> 5x
[14:02:28] <wrbtrader> Exited all Emini ES Long @ 2593.00 --> 0
[14:03:09] <wrbtrader> Long Emini ES @ 2592.00 -> medium size
[14:03:17] <wrbtrader> 5x
[14:03:48] <wrbtrader> Exited all Emini ES Long @ 2591.00 --> - 1
[14:04:53] <wrbtrader> Long Emini ES @ 2591.00 -> medium size
[14:04:58] <wrbtrader> 5x
[14:12:09] <wrbtrader> Exited all Emini ES Long @ 2594.00 --> + 3
[14:22:39] <wrbtrader> Shorts Emini ES @ 2584.00 -> medium size
[14:22:43] <wrbtrader> 5x
[14:24:44] <wrbtrader> Covered all Emini ES Short @ 2581.75 --> + 2.25
[14:28:03] <wrbtrader> Fed ‘can afford to be patient’ about future rate hikes, FOMC minutes show (CNBC) @
https://www.cnbc.com/2019/01/09/fed-can ... -show.html[14:30:10] <wrbtrader> We’re finding out now why the stock market tanked in December (CNBC) @
https://www.cnbc.com/2019/01/09/markets ... -come.html[14:35:56] <wrbtrader> Very dangerous price action
[14:36:32] <wrbtrader> I'm glad my bian and analysis changes often during the trading day instead of fixated on "one direction
[14:36:57] <wrbtrader> I would have been wiped out back in October 2018
[14:43:53] <wrbtrader> You all know I own a photography business that's managed by a relative.
[14:44:05] <wrbtrader> I rarely talk about photography in here
[14:44:53] <wrbtrader> Regardless, here's photo story I like about the Border Wall that President Trump gave a speech about
[14:45:04] <wrbtrader>
https://qz.com/1517907/what-the-us-mexi ... yptr=yahoo[14:46:57] <wrbtrader> That FED minutes KME did stir up the bee nest but I was only able to capture about +5.25 points out of it before I decided to just watch...way too fast for my reaction
[14:47:46] <wrbtrader> Price action more calm now since 2:21pm est
[14:58:14] <wrbtrader> A slow steady price rise back upwards
[14:59:04] <wrbtrader> near the price action area of the FED minutes
[14:59:44] <Trendtrader> Yeah, this slow steady push up looks relatively 'normal'.
[15:00:21] <wrbtrader> Yeah, volatility dropped a lot...very smooth decline in the volatility
[15:00:37] <wrbtrader> Trying to pick up now...hopefully it doesn't get crazy again
[15:01:14] <Trendtrader> only about 1.25hr left in the regular session
[15:03:38] <Trendtrader> I think I'll just watch the rest. No trades for me today.
[15:31:11] <wrbtrader> Strange I didn't get any more trade signals since my last trade
[15:52:45] <wrbtrader> After reviewing the charts "a few times"...I now see a trade signal I missed.
[15:53:14] <wrbtrader> A Short signal @ 1523pm est
[15:54:00] <wrbtrader> most likely would have easily gotten shaken out for only a +1 point trade to only then see it calmly drop +10 points
[15:55:11] <wrbtrader> Overall a profitable trading day but very stressful
[15:55:42] <wrbtrader> Tomorrow I will be doing some "forward testing" (real money) something new
[15:55:56] <wrbtrader> Will only be 1 - 3 contracts the entire trading day
[15:56:08] <Trendtrader> a new type of set-up?
[15:56:53] <wrbtrader> A new trade management...designed for the superfast price action that I've been slowed to react to since October
[15:57:29] <Trendtrader> very interesting
[15:57:29] <wrbtrader> Its a very old trade method I stopped using soon after the bubble collapse of the dot.com days
[15:58:01] <wrbtrader> Gotta dust the spider webs off of it and give it a drive again
[15:58:15] <Trendtrader> So, it's related to your stop placement and trade management after entry?
[15:58:32] <wrbtrader> Yes...exactly
[15:58:40] <Trendtrader> (I'm guessing your wrb pts are the same)
[15:59:29] <wrbtrader> almost will be the same
[16:00:01] <wrbtrader> I'm going to make a dramatic change to my chart configurations too...the way I had it setup during the dot.com days
[16:01:03] <Trendtrader> really? Will that be a big modification? More info or less?
[16:01:23] <wrbtrader> That's the beauty of having a trade journal...I can easily go back in time and use something that worked in a particular specific type of price action.
[16:01:28] <wrbtrader> Less Info
[16:01:51] <wrbtrader> More reaction...Less analysis
[16:02:11] <Trendtrader> Sounds better and less stressful
[16:03:18] <wrbtrader> Exactly...I think the stress I've been having lately is related to too much "over analysis".
[16:03:29] <wrbtrader> I'm going to start finding out tomorrow
[16:03:56] <Trendtrader> cool. See you tomorrow. Have a good night!
[16:04:35] <wrbtrader> Take care and see you 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)
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