##TheStrategyLab Price Action Chat Room Logs

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=6
CME Group Trade Against A Pro Futures Challenge: http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=360&t=4038
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)

##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...especially if you login to the free chat room and then just lurk (not say anything about your 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 Zones, WRB/WRB Hidden GAP profit targets, Key Market Events, Reaction Highs/Lows, Expanding Volatility, R area of WRB Zone, S area of WRB Zone, midpoint of WRB Zone and speed of the price action) 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 alerts room and we ban traders for attempting to use our chat room as a trade alerts room for the purpose to mimic/copy/piggyback 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 chat logs (we use it to provide critical missing info for our broker statements) 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

Our disclaimer statement applies to the chat room, forum and website @ http://www.thestrategylab.com/Disclaimer.htm


click on the above image to view today's price action of key markets

[09:29:59] * Now talking in ##TheStrategyLab
[09:30:00] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:23] <wrbtrader> Good morning
[09:37:11] <Trendtrader>
[09:43:46] <Trendtrader> was too quick
[09:44:02] <Trendtrader> nq short 7840
[09:44:17] <Trendtrader> exit nq short 7837 +3
[09:52:47] <wizzle> hi all. First time trying the chatroom here.
[09:57:54] <wizzle> FDXM 5m in a down DCM and in a 15m WRB Zone from yesterday
[09:58:09] <wrbtrader> Hi Wizzle
[09:58:56] <wizzle> Hi there
[10:00:19] <wrbtrader> I'm not trading today but I am monitoring/studying the price action today to help me ease back into trading after the long vacation.
[10:00:52] <wrbtrader> Hopefully I'm ready to trade by Tuesday or Wednesday...I will be just monitoring the price action
[10:00:57] <wizzle> good idea. Hope u had a good time off
[10:02:16] <wrbtrader> Everything was going well until I got a phone call from the police about one of my kids was with a group of kids caught throwing rocks at cars near his school
[10:02:19] <wrbtrader>
[10:02:55] <wrbtrader> Kids these day...unreal
[10:02:59] <wizzle> I have been sim trading FVB and DCM. Any idea what caused this drop in price?
[10:03:11] <wizzle> ah that is not good
[10:03:28] <wrbtrader> Price drop in which market
[10:04:17] <wizzle> most of them from what i can see. European mainly by the looks of it. Start over an hour ago
[10:06:02] <wizzle> (im not subscribed to live data for the american markets atm)
[10:10:01] <wizzle> I would guess it is a reaction to the Durable goods orders, jobless claims etc at 1230UTC
[10:10:10] <wrbtrader> Eurex/Euronext futures and Emini all down in the overnight trading sesssion or before the opening of the Emini futures regular session (0930am est)
[10:11:15] <wizzle> the move started at 0850 EST
[10:13:52] <wrbtrader> There was an initial high volatility price drop around 0630am est in global futures...
[10:14:28] <wrbtrader> Markets try to retrace by up but then started falling again around 0850am est as you stated
[10:15:44] <wrbtrader> Normally I would open my charts until 0900am est and those two high volatility price drops would have caught my eye...
[10:16:33] <wrbtrader> If they were related to economic news or breaking news...it was have given my a negative bias in the Emini Futures when they open around 0930am est
[10:17:53] <wizzle> understood, thanks
[10:19:06] <wrbtrader> I only see one valid Short signal around 1006am est
[10:19:21] <wrbtrader> Whatever is going on...it spooked the global markets
[10:20:06] <wrbtrader> Surely it can't be because of the 3M bad earnings report
[10:20:26] <wizzle> yes I did see that aswell, however did not trade it as it is not FVB or DCM
[10:20:56] <wrbtrader> https://www.cnbc.com/2019/04/25/stock-m ... eport.html (cnbc) @ https://www.cnbc.com/2019/04/25/stock-m ... eport.html
[10:23:59] <wizzle> interesting
[10:24:06] <wrbtrader> I was surprise by that price drop because Nasdaq hit a record high yesterday...
[10:24:35] <wrbtrader> I thought it would hold today until I got a look at what was happening in the overnight trading session
[10:25:20] <wrbtrader> Support trying to build now in the Emini futures and Eurex futures
[10:30:01] <wrbtrader> Overall volatility in the VIX has improved...now > 14 while the volatility in the Emini futures are up too
[10:30:28] <wrbtrader> Yet, now contracting volatility showing up in the Emini futures
[10:32:02] <wrbtrader> Emini YM futures testing its most recent reaction lows
[10:32:15] <wrbtrader> now a new reaction low
[10:32:45] <wrbtrader> same with Emini ES futures
[10:42:18] <wrbtrader> Tigerman, werner and winmax still missing from the chat room...all three had recent health problems
[10:42:43] <wrbtrader> Hope Tigerman is ok while recovering from his motorcycle accident
[10:43:26] <wrbtrader> Donnin not here so far but usually he'll show up near the noon time
[10:44:04] <wrbtrader> Nevermind...he's in the other room
[10:49:33] <wizzle> in the VTR room
[10:53:21] <wrbtrader> Yes...its for asking specific questions and talking about the fee-base trade strategies whereas such discussion is not allowed here in the free chat room.
[10:53:53] <wrbtrader> Its not popular...those usually log in to ask a question
[10:54:04] <wizzle> i see
[10:54:34] <wrbtrader> I can give you access if you want
[10:54:50] <wizzle> yes, that would be nice, thank you
[10:55:35] <wizzle> can we ask general questions here though
[10:56:17] <wrbtrader> Yes...usually in here are only about trades, WRB Analysis Free Study Guide or general market discussion
[10:58:50] <wizzle> alright, i did see that. Not entirely sure if my question falls in that category, it is about combining WRB analysis with other methods such as two legged pullbacks and wedges
[10:59:30] <wrbtrader> Its ok
[11:01:11] <wizzle> have you done any research into that or do u know anyone who has? I am talking two legged pullbacks and wedges as " defined" by Al Brooks. I am askingn out of interest more than anything else
[11:02:32] <wrbtrader> I don't follow Al Brooks...3 of the known trolls that use to bask the free chat room were known secret devotees to Al Brooks. They are now
[11:02:56] <wizzle> haha, ill stop talking then
[11:03:14] <wrbtrader> Strange behavior by those traders
[11:03:22] <wizzle> interesting
[11:04:12] <wrbtrader> They would harass users in here that posted links in here to their public broker statements that was posted outside of their private threads
[11:04:48] <wizzle> ok, that is odd indeed.
[11:07:34] <wrbtrader> Its old history now but it was interesting
[11:07:59] <wizzle> yea i did read a bit about it on the website. At least it is in the past now
[11:08:10] <wrbtrader> I don't dislike Al Brooks but I've met a few others that like what he teaches
[11:08:57] <wrbtrader> I just don't like the fact he calls himself a trader that does not use indicators when in fact he uses a price moving average indicator
[11:10:16] <wizzle> haha yes. I like some things and not others. But what puts me off is deviating from rules. "almost is close enough" Why make a rule in the first place only to deviate from it
[11:11:33] <wizzle> although I can relate that to flying in a way. You follow the rules, but there are times when it is safer to deviate from the rules
[11:12:08] <wrbtrader> When he deviates...does he talk about it and explains why
[11:12:36] <wrbtrader> or is it someone else deviating (those running the chat room in his name)
[11:12:59] <wizzle> ah no, im talking about his books. Yes he does explain why, most of the time anyways
[11:13:29] <wizzle> I have not really looked into it much since I came across WRB analysis
[11:14:04] <wrbtrader> Markets change every year...I would expect some things to change but he needs to update those changes and mention them
[11:14:41] <wrbtrader> Meant changes to his rules for a trade in "current market conditions" that's different than the market conditions when he wrote the book
[11:15:00] <wizzle> true
[11:15:37] <wrbtrader> He's an old guy in his 70's I think...I heard nothing has change from the rules when he first published them 20 years ago
[11:16:22] <wrbtrader> Every year I post new updates (new changes) but only because the markets are not the same for whatever reasons.
[11:16:36] <wrbtrader> The changes are small but noticaeble
[11:16:50] <wizzle> do u have an example
[11:17:27] <wrbtrader> For example, in 2016 I was using a lot of WRB Zones in tutorial chapters 4, 5 and 6
[11:18:17] <wrbtrader> In contrast, in 2015 I was using a lot of WRB Zones from tutorial chapters 2, 3 and 7
[11:18:25] <wizzle> ah interesting
[11:18:53] <wizzle> have not got access beyond chapter 4 yet, so will have to come back to you on that one
[11:19:00] <wrbtrader> Simply, rules for the analysis doesn't change but I'm changing what I use from year to year
[11:19:12] <wizzle> yea that makes sense
[11:19:24] <wrbtrader> Yeah, I'll but giving you access to more stuff tonight
[11:19:34] <wrbtrader> but = be
[11:19:52] <wrbtrader> You and NDee
[11:19:54] <wizzle> WRB analysis is dynamic in itself which makes it adaptive to different market environments i would say
[11:20:01] <wizzle> ah perfect, thank you
[11:33:07] <wizzle> i am off. enjoy the rest of your day. Cheers
[11:33:30] <wrbtrader> I'm posting a message to you right now in your private thread for the VTR room
[11:33:36] <wrbtrader> Take care
[12:14:21] <wrbtrader> Crude oil markets today have poor correlations
[12:14:45] <wrbtrader> Correlations in the Emini futures are strong today
[12:15:16] <wrbtrader> Has been improving since President Trump in LESS on TV giving speeches since February
Session Close

@ wrbtrader @ Frequently Asked Questions @ Risk Warnings @ Terms of Use Policy

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

##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.


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

Where did wrbtrader go? | Elite Trader @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=161&t=2844

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
@ 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)