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)
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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 Libera 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, experienced, 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:
020122-TheStrategyLab-Key-Markets.png [ 2.22 MiB | Viewed 82 times ]
click on the above image to view today's price action of key markets Bloomberg Markets: The Open Full Show (02/01/2021)
@ https://www.bloomberg.com/news/videos/2022-02-01/-the-open-full-show-02-01-2022-video [09:27:31] * Now talking in #TheStrategyLab
[09:27:44] <werner1> Shorts Emini NQ @ 14955.00
[09:28:13] <werner1> Covered all Emini NQ Short @ 14945.00 --> + 10
[09:28:24] <werner1>
[09:29:10] <werner1> pre market vola ..low
[09:31:12] <werner1> Shorts Emini NQ @ 14910.75
[09:31:26] <werner1> Covered all Emini NQ Short @ 14897.50 --> + 13.25
[09:31:41] <werner1> gaps
[09:32:19] <@wrbtrader> Shorts Emini ES @ 4502.75 -> medium size
[09:32:30] <@wrbtrader> 5 contracts
[09:33:08] <werner1> Long Emini NQ @ 14879.50
[09:33:22] <werner1> Exited all Emini NQ Long @ 14892.00 --> + 12.5
[09:33:39] <TigerBoy_>
all
[09:33:46] <werner1>
[09:34:09] <TigerBoy_> sh mES @ 4505
[09:34:26] <@wrbtrader> Covered all Emini ES Short @ 4504.75 --> - 2
[09:34:36] <TigerBoy_> exit 1/2 @ 4503.75 +1.25
[09:34:56] <werner1> gap close nq
[09:34:59] <TigerBoy_> exit all mES @ 4504.75 +.25
[09:35:03] <TigerBoy_> trail hit
[09:35:27] <@wrbtrader> Long Emini ES @ 4510.00 -> medium size
[09:35:28] <TigerBoy_> my entry via NQ crossed old KEY area
[09:35:36] <@wrbtrader> 5 contracts
[09:36:32] <werner1> Shorts Emini NQ @ 14906
[09:36:47] <werner1> Covered all Emini NQ Short @ 14893.50 --> + 12.5
[09:37:38] <werner1> mm nq
[09:37:49] <@wrbtrader> Exited all Emini ES Long @ 4506.75 --> - 3.25
[09:38:49] <werner1>
[09:38:53] <@wrbtrader> Long Emini ES @ 4512.50 -> medium size
[09:39:05] <@wrbtrader> 5 contracts re-entry
[09:39:49] <werner1> Shorts Emini NQ @ 14873.25
[09:40:07] <werner1> Covered all Emini NQ Short @ 14869.50 --> + 3.75
[09:40:16] <@wrbtrader> Exited all Emini ES Long @ 4509.75 --> - 2.75
[09:40:23] <@wrbtrader> punks
[09:41:08] <@wrbtrader> Long Emini ES @ 4511.25 -> small size
[09:41:59] <@wrbtrader> Exited all Emini ES Long @ 4508.75 --> - 2.5
[09:42:08] <@wrbtrader> 5 contracts
[09:42:13] <@wrbtrader>
[09:43:03] <@wrbtrader> Shorts Emini ES @ 4501.50 -> medium size
[09:43:17] <@wrbtrader> 5 contracts poor entry
[09:43:52] <TigerBoy_> SH mES @ 4506.75
[09:44:15] <werner1> Shorts Emini NQ @ 14806
[09:44:21] <TigerBoy_> exit 1/2 @ 4504 +2.75
[09:44:27] <werner1> Covered all Emini NQ Short @ 14793.50 --> + 12.5
[09:45:06] <TigerBoy_> exit all rem mES @ 4500.25 +6.25
[09:45:13] <TigerBoy_> wrb pt1 reached
[09:45:55] <TigerBoy_> it also hit my trail ... so not able to get a better target
[09:46:12] <TigerBoy_> it sit now around 4495
[09:46:21] <werner1> Long Emini NQ @ 14800.00
[09:49:12] <werner1> Exited all Emini NQ Long @ 14820.25 --> + 20.25
[09:49:43] <@wrbtrader> Covered all Emini ES Short @ 4499.00 --> + 2.5
[09:51:29] <werner1> Shorts Emini NQ @ 14852.25
[09:51:43] <werner1> Covered all Emini NQ Short @ 14839.75 --> + 12.5
[09:56:49] <werner1> maybe longs here
[09:57:02] <TigerBoy_> SH mES @ 4498.50
[09:57:49] <TigerBoy_> exit 1/2 @ 4596.75 +1.75
[09:58:10] <TigerBoy_> exit all mES @ 4596 +2.50
[09:58:12] <@wrbtrader> Shorts Emini ES @ 4501.50 -> medium size
[09:58:24] <@wrbtrader> 5 contracts intuition
[09:58:34] <TigerBoy_> I also did a long with +.75 gain
[09:59:14] <TigerBoy_> trade error triggered via stop loss order
[09:59:26] <werner1> Long Emini NQ @ 14827.50
[09:59:32] <@wrbtrader> Covered all Emini ES Short @ 4501.00 --> + 0.5
[09:59:38] <werner1> Exited all Emini NQ Long @ 14840.00 --> + 12.5
[10:00:03] <werner1> ok done trading
[10:00:03] <@wrbtrader> Shorts Emini ES @ 4502.00 -> medium size
[10:00:12] <@wrbtrader> 5 contracts
[10:00:21] <werner1> wow
[10:00:36] <werner1> go go
[10:00:45] <werner1> kme
[10:01:32] <@wrbtrader> funky price action so far this morning
[10:02:32] <TigerBoy_> wrbtrader... I see a sell off after RTY was unable to keep price above sup of a KEY area
[10:07:10] <@wrbtrader> Covered all Emini ES Short @ 4478.75 --> + 23.25
[10:07:28] <@wrbtrader> punks
[10:07:42] <@wrbtrader> It should have dropped another 10 points
[10:08:15] <werner1> take care ....see you all tomorrow
[10:08:20] <TigerBoy_> bye
[10:08:21] <@wrbtrader> down into the next below Key KME WRB Zone
[10:08:40] <@wrbtrader> Instead, it's bouncing off its R area
[10:16:40] <@wrbtrader> Shorts Emini ES @ 4490.75 -> medium size
[10:16:49] <@wrbtrader> 4 contracts
[10:17:53] <@wrbtrader>
[10:18:23] <@wrbtrader> Covered all Emini ES Short @ 4493.25 --> - 2.5
[10:19:59] <@wrbtrader> Shorts Emini ES @ 4489.25 -> medium size
[10:20:07] <@wrbtrader> 2+2 contracts
[10:20:43] <@wrbtrader> Covered all Emini ES Short @ 4492.50 --> - 3.25
[10:21:17] <@wrbtrader> Shorts Emini ES @ 4492.50 -> medium size
[10:21:31] <@wrbtrader> 2+2 contracts
[10:22:08] <@wrbtrader> Covered all Emini ES Short @ 4494.50 --> - 2
[10:22:46] <@wrbtrader> Long Emini ES @ 4497.50 -> medium size
[10:22:49] <@wrbtrader> 2+2 contracts
[10:26:43] <@wrbtrader> Exited all Emini ES Long @ 4498.25 --> + 0.75
[10:26:48] <@wrbtrader>
[10:29:18] <@wrbtrader> part of the problem is that the Eminis are bouncing up and down between the R/S area of a small Key KME WRB Zone
[10:29:55] <@wrbtrader> Its like 4 points wide
[10:38:09] <@wrbtrader> Now I'm adapting to the movements between small Key KME Zones
[10:38:31] <@wrbtrader> I would have had a few more trades losses
[10:43:59] <@wrbtrader> Shorts Emini ES @ 4488.00 -> medium size
[10:44:01] <@wrbtrader> 4 contracts
[10:47:08] <@wrbtrader> Covered all Emini ES Short @ 4486.25 --> + 1.75
[10:47:36] <@wrbtrader> Its trying hard to retrace back up to the small Key KME WRB Zone
[10:47:50] <@wrbtrader> Reason why I bailed on that Short
[10:52:38] <@wrbtrader> Long Emini ES @ 4492.75 -> medium size
[10:52:54] <@wrbtrader> 4 contracts
[10:53:44] <@wrbtrader> Exited all Emini ES Long @ 4496.00 --> + 3.25
[10:54:53] <@wrbtrader> Learn to take the profit when it moves back up above the S area and then snaps up to the R area with this small Key KME WRB because I can then re-enter the position when it pulls back below the R area
[10:55:23] <@wrbtrader> Long Emini ES @ 4477.75 -> medium size
[10:55:29] <@wrbtrader> 4 contracts
[10:55:48] <@wrbtrader> correction...
[10:56:10] <@wrbtrader> Long Emini ES @ 4497.75 -> medium size
[10:59:41] <@wrbtrader> now approaching the Key KME WRB Zone in SPY
[11:01:17] <@wrbtrader> Exited all Emini ES Long @ 4507.75 --> + 10
[11:01:40] <TigerBoy_> lg mES 4504.50
[11:02:01] <TigerBoy_> exit 1/2 @ 4506.75 +2.25
[11:02:28] <@wrbtrader> pain in the butt price action but I did learn something valuable today about possible adjustments with the contract rollovers
[11:02:31] <@wrbtrader>
[11:02:41] <TigerBoy_> exit all rem mES @ 4508 +3.50
[11:13:40] <@wrbtrader> be right back
[11:21:22] <@wrbtrader> Shorts Emini ES @ 4508.00 -> small size
[11:21:34] <@wrbtrader> 3 contracts
[11:21:57] <@wrbtrader> price action back below the S area of the Key KME WRB Zone
[11:27:12] <@wrbtrader> Covered all Emini ES Short @ 4503.50 --> + 4.5
[11:27:25] <@wrbtrader> bailed
[11:28:01] <@wrbtrader> just didn't have enough volatility to push it further downward
[11:28:08] <@wrbtrader> VIX @ 23.71
[11:30:59] <@wrbtrader> now the volatility shows up
[11:52:32] <@wrbtrader> sneaky price action right now on the S area of the Key KME WRB Zone
[11:54:26] <@wrbtrader> Long Emini ES @ 4509.50 -> small size
[11:54:37] <@wrbtrader> 2 contracts
[11:58:29] <@wrbtrader> Exited all Emini ES Long @ 4513.50 --> + 4
[11:58:52] <@wrbtrader> WRB pt1 reached at the R area
[12:00:25] <@wrbtrader> Also learned to take those WRB pt1 when there's very little volatility along with the fact that the VIX is slowly mean reverting
[12:13:19] <@wrbtrader> missed a Short entry on the S area breakdown
[12:21:18] <TigerBoy_> ok I exit here
[12:21:29] <TigerBoy_> take care wrbtrader see you next time
[12:50:17] <@wrbtrader> Ok...take care
[14:14:14] <@wrbtrader> Shorts Emini ES @ 4505.75 -> small size
[14:14:27] <@wrbtrader> 2 contracts
[14:15:01] <@wrbtrader> Covered all Emini ES Short @ 4506.75 --> - 1
[14:15:52] <@wrbtrader> Long Emini ES @ 4508.75 -> small size
[14:16:07] <@wrbtrader> 2 contracts
[14:16:49] <@wrbtrader> Exited all Emini ES Long @ 4509.00 --> + 0.25
[14:16:54] <@wrbtrader> bailed
[14:57:56] <@wrbtrader> Long Emini ES @ 4506.75 -> small size
[14:58:13] <@wrbtrader> 3 contracts
[15:03:15] <@wrbtrader> Exited all Emini ES Long @ 4519.25 --> + 12.5
[15:53:11] <@wrbtrader> Long Emini ES @ 4536.75 -> small size
[15:53:20] <@wrbtrader> 3 contracts
[16:01:17] <@wrbtrader> Exited all Emini ES Long @ 4536.25 --> - 0.5
[16:02:16] <@wrbtrader> Exited all Emini ES Long @ 4536.75 --> 0
[16:02:35] <@wrbtrader> Take care and see you tomorrow
