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 Skype: kebec2002
Business Hours: 8am - 5pm est (Mon - Fri)
wrbanalysis@gmail.com (24/7)
Twitter @
http://twitter.com/wrbtrader (24/7)
Twitter Search Hashtags: #PriceAction, #ES_F, #YM_F, #NQ_F, #volatility, #emini, #futures, #fomc, #VIX, #thestrategylab, #wrbanalysis, #wrbzone #wrbhiddengap #EconomicCalendar #SPY, #SP500, #MicroEmini, #cmegroup #trading, #daytrading, #swingtrading
Stocktwits @
http://stocktwits.com/wrbtrader (24/7)
TradingView @
https://www.tradingview.com/u/wrbtrader (24/7)
Recent Past TheStrategyLab chat room excerpt image to the left
@ http://www.thestrategylab.com/images/062620-thestrategylab-wrbtrader-chat-room-review.png Complete text chat logs below##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).
TheStrategyLab 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 TheStrategyLab chat room to ask questions about WRB Analysis, post your real-time price action analysis involving WRB Analysis merged with your own trade methods, post real-time trades via WRB Analysis, or talk about general market issues impacting today's price action involving stocks, futures, exchange traded funds or forex currencies as part of your
trade journal. 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 signal calling 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 room 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.
Yet, be aware that many traders (including me) are posting redacted screenshots of timestamp trade fills in broker trade execution platform and quantitative statistical analysis of the trade performance via WRB Analysis in
private thread at the forum. I use the timestamp redacted screenshots to verify if a trader is correctly using WRB Analysis...info I can not get from their broker statements alone.
Remember this too...most users of WRB Analysis do
not use the free chat room but they still are posting their DOKs to verify their understanding of WRB Analysis and posting redacted screenshots of timestamp trade fills (simulator or real money) in broker trade execution platform to verify trade performance in their
private thread.
To qualify for access to ##TheStrategyLab free 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 website, forum, chat room and live screen sharing meeting
@ http://www.thestrategylab.com/Disclaimer.htm Attachment:
081121-TheStrategyLab-Key-Markets.png [ 6.62 MiB | Viewed 123 times ]
click on the above image to view today's price action of key markets Bloomberg Markets: The Open Full Show (08/11/2021)
@ https://www.bloomberg.com/news/videos/2021-08-11/-bloomberg-the-open-full-show-08-11-2021-video [09:49:55] * Now talking in ##TheStrategyLab
[09:49:55] * bouncer1.freenode.net changes topic to 'Room for users of WRB Analysis @
http://www.thestrategylab.com/tsl/forum ... 119&t=718'[09:50:00] * wrbtrader sets mode: +k Walking_DEAD
[10:19:47] <@wrbtrader> Long Emini ES @ 4440.25 -> small size
[10:19:58] <@wrbtrader> 3 contracts and good morning
[10:20:37] <@wrbtrader> Yesterday only one trade...late in the afternoon
[10:20:58] <@wrbtrader> May also have a light trading day today of 1 - 3 trades
[10:23:05] <@wrbtrader> not looking good
[10:23:37] <@wrbtrader> easy location to Short nearby via the reaction low of the recent contracting volatility
[10:25:12] <@wrbtrader> more contracting volatility showing up
[10:25:52] <@wrbtrader> Also, not helping for any type of trade that the VIX @ 16.12 and declining
[10:32:33] <@wrbtrader> ES now retesting the reaction low
[10:32:45] <@wrbtrader> Exited all Emini ES Long @ 4438.25 --> - 2
[10:33:16] <@wrbtrader> Shorts Emini ES @ 4437.75 -> medium size
[10:33:21] <@wrbtrader> 5 contracts
[10:33:53] <@wrbtrader> ES now below the S area of the contracting volatility
[10:37:14] <@wrbtrader> Covered all Emini ES Short @ 4436.75 --> + 1
[10:38:06] <@wrbtrader> The little volatility it had...it dried up just below the 4437.00 price level
[10:38:18] <@wrbtrader> Now trying to do a snapback UP
[10:43:23] <@wrbtrader> ES has essentially snapped back UP into the prior range of contracting volatility
[10:43:37] <@wrbtrader> Now that its there again...its contracting again
[10:44:32] <@wrbtrader> Will only play the S/R area of the contracting volatility intervals
[10:51:22] <@wrbtrader> SPY price action shows the contracting volatility much better as a tight trading range
[10:52:14] <@wrbtrader> Long Emini ES @ 4440.25 -> medium size
[10:52:24] <@wrbtrader> 5 contracts
[10:52:34] <@wrbtrader> early entry
[10:53:37] <@wrbtrader> this will most likely be my last trade of the trading day
[10:56:36] <@wrbtrader> I'm taking a slam right now as it travels back down towards the S area from the R area
[10:58:40] <@wrbtrader> Other Emini futures still not helping with their own support
[11:00:08] <@wrbtrader> Exited all Emini ES Long @ 4437.25 --> - 3
[11:00:15] <@wrbtrader>
[11:00:39] <@wrbtrader> Ok...I'm done for the day...need to do some personal stuff.
[11:01:18] <@wrbtrader> First losing trading day in a long time but I do not have time to trade anymore in hopes of getting back positive
[11:01:27] <@wrbtrader> Take care and see you tomorrow
[13:48:48] <@wrbtrader> Long Emini ES @ 4436.75 -> medium size
[13:49:49] <@wrbtrader> Ok...I'm back to trading and was able to get all my personal stuff done this afternoon with the help of my teenagers
[13:50:23] <@wrbtrader> Will now try to minimize this trade loss for the trading day or get positive for the day
[13:55:41] <@wrbtrader> Exited all Emini ES Long @ 4438.00 --> + 1.25
[13:55:53] <@wrbtrader> small WRB pt1 reached
[14:55:13] <@wrbtrader> Long Emini ES @ 4437.50 -> medium size
[15:55:22] <@wrbtrader> 5 contracts
[15:25:59] <@wrbtrader> still no WRB pt1 but its still rising UP on contracting volatility
[15:26:38] <@wrbtrader> S area broken
[15:27:04] <@wrbtrader> VIX @ 15.92 but still slowly declining
[15:27:37] <@wrbtrader> Exited all Emini ES Long @ 4441.00 --> + 3.5[15:28:09] <@wrbtrader> trail stop picked
[15:37:52] <@wrbtrader> now at a prior resistant price area that's trying to give some support
[15:38:32] <@wrbtrader> Shorts Emini ES @ 4439.25 -> medium size
[15:38:36] <@wrbtrader> 5 contracts
[15:39:09] <@wrbtrader> now below the S area (prior R area)
[15:40:03] <@wrbtrader> small WRB pt1 reached
[15:40:27] <@wrbtrader> Covered all Emini ES Short @ 4438.50 --> + 0.75
[15:40:41] <@wrbtrader> early exit
[15:40:50] <@wrbtrader> had to take that small WRB pt1
[15:42:07] <@wrbtrader> I'm now profitable for the trading day...got lucky because the most difficult days to fight back from a trade loss are trading days of declining low volatility (very few trading opportunities)
[16:02:04] <@wrbtrader> Take care and see you tomorrow
