(click on
screenshot to review price action trading
results)
https://www.thestrategylab.com/images/110206-thestrategylab-review-price-action-trading-strategies.png
Archive
Chat Log @
https://www.thestrategylab.com/110206FuturesTrades.htm
Verification
of Price Action Trade Performance
@
https://www.thestrategylab.com/tsl/forum/viewforum.php?f=383
Screenshot
on the left represents what many users in the
private price action chat room were able to see
via live screen share meeting as a
price action only trader that does not
use indicators...
I
took a quick screenshot within minutes
after my last trade of the day...for marketing
purposes, for my own private trade journal
documentation (other two monitors not shown) and
for verification that I traded on that
specific trading day I posted real-time trades
in the chat room for those that were not in the chat room or not allowed in the live
screen share meeting for whatever reason
with others that were allowed.
I
have many images like this of different trading
days distributed on different webpages here at
my website and at my forum via live screen
sharing just in case someone says they
didn't see any verification about price
action trading without indicators.
Price
Action Trading Analysis, Price Action Trading
Strategies (PATS), Price Action Trading Chat
Room and Price Action Trading Forum @
TheStrategyLab Review Price Action Trading
-------------------
Simple definition: Price
action trading is a trader that does not
use technical indicators or technical studies for
trade decisions based upon price action analysis.
Instead, a price action trader only analyzes price
movement as its technical analysis without
needing to use any type of indicators.
The above is a simple
definition of price action
only trading (no technical indicators).
Unfortunately, there's a growing number of traders
the past few years that use one technical
indicator with a commonly known price action
method and then believe in error that it's price
action trading under the facade they're using the
indicator only as a "visual aid or to help
put the price action within a framework" or "using the
indicator for trend / range analysis".
In fact, it
doesn't matter what type of technical indicator it
is (e.g. cci, stoc, macd, moving average et
cetera) nor why you're using the indicator...if
it's on your chart to help you make trade
decisions...you can not call yourself a price
action trader until you've completely remove all
technical indicators or technical studies from
your trading.
Unfortunately,
there's a lot of traders and vendors labeling
their trading as price action
because its a phrase that's popular / great
marketing to use and tends stay ahead of the
negative bias against those that use technical
analysis. Reality, many traders and vendors that
say they're price action trading are still using
an indicator.
In addition,
arguably, some pure price action traders consider
the use of volume as an indicator while others do
not. Regardless, I'm not going to play the
technical indicator or volume bashing game because
they are distractions that serious price action
only traders should not be involved with.
Therefore, just
be careful of those traders on social media, book
authors, trading courses, vendors and any guru
that say they are price action traders, price
action traders of chart patterns, price action
system traders, price action trading courses,
price action trading systems, price action trading
strategies stating they do not use indicators
while they show a technical indicator on their
charts (e.g. cci, stoc, macd, moving average et
cetera) because learning such a method will
continue making you dependent upon technical
indicators via the belief you can improve the
price action method by making changes to the
indicator whenever you fail to reach your
performance goals.
The scams
are the traders that say / write (pretend)
they're only using an indicator as price direction
without it having
any impact on their price action trade decisions.
Just as importantly, beware of any trader that
talks about his / her trade performance without
showing any screenshots of trade fills (simulator
or real money) in their broker trade execution
platform. In addition, be careful with trying to
learn from a price action trader that tells you
its the only way to profitably trade
successfully.
With that said,
there are primarily three basic groups of
traders that are price action trading.
Traders that use charts...sometimes this is
refer to as chart reading of price patterns or
chart analysis of key price areas without
indicators. These price action traders use
supply & demand analysis, support &
resistance analysis, volatility analysis, chart
patterns and many other types of chart
readings...sometimes discretionary, automation
or a little of both.
Traders that use time & sales/bid & ask
screens...sometimes this is refer to as tape
reading or DOM trading (e.g.
scalpers) involving order flow without
charts (less popular today because of
spoofing and the growth of algorithms / high
frequency trading in the markets)
Traders that use both of the above as in charts
and time & sales/bid & ask screens without
indicators
Further, for each
of the above types of traders...there are hundreds
of different types of price action trade
methods. In addition, if you're using charts as a
price action trader...you're using technical
analysis even though you're not using technical
indicators. In contrast, price action traders that
are tape readers do not consider themselves to be
using technical analysis.
Yet, my opinion
is that price action only trading arise when
traders were looking for an alternative to
Fundamental Analysis or Technical Indicators while
investing instead of day trading because a typical
day trader does not use
fundamental analysis although a day trader may pay
attention to key market events (e.g. economic
reports) that impacts price action analysis.
Also, there are
other definitions of price action trading at the
below links:
Investopedia @
https://www.investopedia.com/terms/p/price-action.asp
Wikipedia @
https://en.wikipedia.org/wiki/Price_action_trading
Unfortunately,
the above links only provide a definition of
price action trading but there's no actual
application info for price action traders.
That's really why you're reading
TheStrategyLab...you want to learn how to
apply price action trading in
today's market condition
and it begins via a real-tine chat room,
discussion forum and all of the info via
verifiable trade performance.
(click
on image to review price action trading results)
https://www.thestrategylab.com/images/emini-futures-chat-room.png
Archive
chat log @
https://www.thestrategylab.com/022608FuturesTrades.htm
TheStrategyLab
has a price action trading
chat room
called ##TheStrategyLab for price action
traders wanting to learn more about WRB
Analysis in real-time. This is
not
a signal calling trade alert room with a guru
to tell price action traders what to trade,
when to buy and when to sell. Instead, the
chat room is for you to ask questions about
WRB Analysis involving the price action you
see on your monitors. Yet, do not join our
chat room to look for someone to tell you what
to trade, when to buy and when to sell...that
will be a violation of our terms of use policy.
In fact, we
have proven via our own verification
screenshots of timestamp trade fills in broker
trade execution platform side by side with the
same trades then posted in a timestamp chat
room as shown inn the below verification
screenshot...a trader can
not
successfully copy / mimic / replicate trades
posted in real time by another member of
TheStrategyLab nor with any other vendor
because at the minimum you will
not
get the same trade fill in your broker trade
execution platform.
If you believe
there are signal calling trade alert rooms out
there that you can profitably copy / mimic /
replicate regardless if they use price action
trading or
trading via technical indicators...please join
our free discussion forum and
post your screenshots of timestamp trade
fills (real money only) in your broker trade
execution platform to verify your trade
performance along with a copy of the trade log
with the trade alerts sent to you by the
vendor. Also, name the
vendor.
So far, no trader has proved we're wrong
beyond one month of trading.
(click
on redacted screenshot to review timestamp trade
fills in broker trade execution platform)
https://www.thestrategylab.com/tsl/forum/download/file.php?id=5811
Archive
chat log @
https://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=190&t=3032
In fact, I've posted
a redacted screenshot (to the left) from
TheStrategyLab review webpage of exactly what
I'm trying to explain price action trading or
any other type of trading...you can
not
highly replicate trades posted in
real time by another trader. Look closely at
the above image...you can see the timestamp of
trade fills in my broker trade execution
platform and now compare those times to the
trades posted in the price action chat room
after confirmation in my broker trade
execution platform.
Now
imagine you were using our chat room and then
seeing those trades posted in real time with
trades or WRB Analysis commentary
posted by other members and then you needing
to make a cognitive
decision...you'll
always be late in your entry &
exits.
Don't
misunderstand, I'm
stating you can not replicate the vendor's
signal calls due to the human
cognitive decision making process (behavioral finance)
unless trades are called in
advance.
The vendor and/or the client
of the vendor are not always
rational, have limits to their self-control,
and are influenced by their own biases when
making trade decisions...there are just too
many moving parts from vendor to client.
Both the vendor and the
trader need to be rational and not
influence by their biases to have a high
percentage of "similar trade fills". To
highly replicate (similar trade fills) is not
possible because the signal caller and you
are often influence by your biases and not
rational when real money is on the
line...this is the reason why I do not
offer...never have offered a signal
calling trade alert service.
Also, it's the same reason
why your simulator trade results will be
better than your real money trading results
because the latter has much more stress and
your cognitive decision making is less
effecient.
With that
said, the methods of TheStrategyLab.com are price
action trading (no indicators nor studies)
via what we refer to as WRB Analysis
involving a study of key changes in supply &
demand. These key changes in supply & demand
is also known as volatility analysis. Regardless
to the name...in its simple form...its still chart
analysis or
a study of price action movement in which we
recognize chart patterns and then react (no
prediction) to the price action movement. Yet,
there's no DOM analysis in price
action trade methods by TheStrategyLab because we
know its too difficult to compete with the heavy
presence of HFT and algorithms in DOM / order flow
/ price ladders or whatever its called these days.
In addition,
there's no volume analysis
within our price action trade methods because our
price action clients can easily see the volume
in the price action itself after learning WRB
Analysis...it identifies and exploits the
following to produce key price areas to look for
price strong continuation/swing point price action
signals:
Key changes in supply/demand (supply demand
analysis)
Key changes in volatility (volatility analysis)
Intermarket / Intramarket / Correlation Analysis
The key aspect
of WRB Analysis is not to
predict. Instead, WRB Analysis helps you to
identify key price areas that your trade signal
strategies will most likely have a higher
probability of success to reach their profit
target and / or minimize your losses. Therefore,
WRB Analysis is not a trade signal...its an
analysis and its the foundation of our price
action trade signal methods. It provides the
critical context prior to the appearance
of our trade signals...allowing us to view the
price action beyond trade signals. In fact, after
identifying the above key price areas...we call
these areas WRB Zones that convert into
support/resistance zones when the price action
enters the zone.
However, we're
not going to use this webpage to teach WRB
Analysis. Thus, if you're curious to learn more
about WRB Analysis via studying tutorial chapters
1, 2 and 3...you can download the free study
guide @
https://www.thestrategylab.com/tsl/forum/viewtopic.php?f=119&t=718
(click on below
verification of price action trade performance
redacted screenshots to review large image)
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TheStrategyLab wrbtrader Price Action
Trading Broker PnL Statement |
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TheStrategyLab wrbtrader Audit Trail |
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TheStrategyLab wrbtrader Trade Fills
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TheStrategyLab wrbtrader M.A. Perry Broker
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WRB
Analysis Tutorials
This
is a
discretionary price action market
analysis via rule-based price action trading
patterns involving 3 basic tutorial
chapters and 9 advance tutorial
chapters that provides the understanding of
the price action prior to the appearance
of any price action trade strategy (entry
signals) you may be using. More importantly,
the WRB Analysis gives the context (understanding of
the price action) that allows it to be merged
with any other trade signal method regardless
if you're using bar charts, candlestick
charts, tick charts or volume base charts.
In fact, most of our clients use WRB Analysis
to improve the performance of other well known
trade methods they're using after realizing
they were still missing a piece of the puzzle
(e.g. struggling with trading management,
profit targets, identifying range, identifying
swing points, identifying trend continuation,
identifying price noise, identifying key
market events that trigger volatility spikes
et cetera)
WRB Analysis is discretionary
because its not automated nor a
mechanical trading system. Traders will use it
for different reasons to improve the
performance of their trade signal strategies
via merging its rule-base objective rules
involving WRB intervals, WRB Hidden GAP
intervals, Contracting Volatility and WRB
Zones into their own personal trade
methodology.
WRB Analysis tutorial chapters price action
trading analysis are applicable for
any
stocks, futures, exchange traded funds and
forex currencies on any time frame that has
WRB intervals, WRB Hidden GAP intervals as
defined in the WRB Analysis Free Study Guide
and the Advance WRB Analysis Tutorial
Chapters.
WRB Analysis
Basic
Tutorial Chapters 1, 2 and 3 are free. More
info @
https://www.thestrategylab.com/tsl/forum/viewtopic.php?f=119&t=718
WRB Analysis
Advance
Tutorial Chapters 4 - 12 are fee-base. More
info @
https://www.thestrategylab.com/WRBAnalysisTutorials.htm
Trade
Strategies
The
price action trading strategies / courses are
FVB trade signal, DCM trade signal, AJCTR trade
signal strategies, APAOR trade signal
strategies, STR trade signal strategies or VTR
trade signal strategies. These price action
trade strategies are an objective (rule based)
price action trading strategies that identifies
imbalances as entry signals, stop/loss
management, profit targets and exit signals.
The
below trading instruments are most commonly
traded by clients using our trade signal
strategies because these are the trading
instruments the TheStrategyLab can provide
proper support to help clients. Another way to
look at the below list...our price action trade
signal strategies are only
applicable to the below list of trading
instruments.
CME
Emini Futures EMD, ES and NQ
CME Emini RTY Futures (formerly
ICE TF)
CBOT
mini-sized Dow Futures YM
CME
Micro E-mini Futures MES,
MNQ, MYM and M2K
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
GbpUsd, EurUsd, EurYen and UsdCad
Exchange
Traded Funds BGU, FAS,
FAZ, TNA, DIA, IWM, QQQ,
SPY, OIH, XLE, GLD and VXX
NYMEX
Energy Futures Light Crude Oil CL, Brent Crude
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 Futures
Analysis of wide range
body or bar (WRB) is the most efficient way to
exploit changes in supply/demand or changes in
volatility for profits.
@
