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|WRB Analysis Tutorial Chapters 1, 2 and 3 (study guide)
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|Author:||wrbtrader [ Sun Jul 18, 2010 7:44 am ]|
|Post subject:||WRB Analysis Tutorial Chapters 1, 2 and 3 (study guide)|
Price Action Trading (no technical indicators)
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(click on image to view daily broker PnL statement)
Archive chat log for image to the left @ http://www.thestrategylab.com/111406FuturesTrades.htm
WRB Analysis Tutorial Chapters 1, 2 and 3 study guide version 2.5
The purpose for the WRB Analysis Tutorials is to give you the knowledge to improve your understanding of the price action you're trading prior to the appearance of your trade signals so that you can adapt in today's markets that changes every trading day...key changes in supply/demand and volatility that greatly impacts profit/loss results. Thus, WRB Analysis can help you to become more of an independent trader (e.g. day trader, swing trader, position trader, part-time trader, full-time trader). Therefore, don't sit around and do nothing if you're a struggling trader or your trading seems to have hit a wall or you need to make your trading less subjective (less intuition). You must take control and protect your financial security because world economies are changing every day and these changes do have an impact on your financial well being.
Also, the image above/left in this message post represents what many users in the private chat room were able to see via screen sharing...I took a quick screenshot while in screen sharing with other members 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 & WRB Analysis in the chat room for those that were not in the chat room or not allowed in the screen sharing for whatever reason with others that were allowed.
You need a trade signal strategy to use with WRB Analysis. If you do not have your own trade signal strategy, we'll give you free access to one of our trade signal strategies that's already merged with WRB Analysis to give you ideas on how to create your own trade signal strategies merged with WRB Analysis. In contrast, if you do have your own trade signal strategy and you need help in merging WRB Analysis with your trade strategy...register/join our free support forum to get help with the merger of WRB Analysis with your trade strategies. Yet, if you prefer to purchase our fee-base trade strategies that gives you access to our advance trade methods...read the information @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=4 or contact us for more information/questions that's specific to your trading instrument.
You're required to document your learning and application of WRB Analysis if you decide to use it...comparing your trading before you learned WRB Analysis versus your trading after you've learned WRB Analysis. That implies you document your backtesting including maintaining accurate information about the date, entries/exits (timestamp), stop/loss management, trail stop management, chart time frame, initial stop/loss placement via WRB Analysis, trailing stop management via WRB Analysis, type of WRB profit targets used, position size management and WRB Analysis reasons for each trade on a simulator and then the same when you traverse to real money trading.
Yet, if you're just interested in the academics of WRB Analysis for doing a review...do it properly via using a professional trade journal software for your quantitative statistical analysis via simulator trading while using WRB Analysis in combo with your trade signal strategies.
At the minimum you must maintain a digital documentation of your WRB Analysis in a spreadsheet or professional trade journal software (e.g. tradebench.com, edgewonk.com, tradervue.com, tradingdiarypro.com, stocktickr.com, journalsqrd.com, tradingdiary.pro, mxprofit.com, trademetria.com or any other program) because they can provide you with the quantitative statistical analysis of your trading. This will help you to self help your own trading and you'll be able to show facts about your trading regardless if you use WRB Analysis or some other analysis with your trading signal method.
We can then setup a private thread for you here at the forum for you to post your results of your statistical analysis. If you can save charts to your documentation for each of your documented trading days...that's a big plus for me to help you with your trading and for yourself in self-help (preferred) if you have any kind'uv backtest results or quantitative statistical analysis of your trading regardless if you're on a simulator or real money trading.
Trading is hard...don't beat around the bushes...do the work before you trade with real-money and then continue doing the work while trading with real-money to increase the odds for success. Those traders that do not document their trading...I'm sorry to inform you but we do not want you to use our free services nor use our fee-base services because you're not willing to do the work.
Lets pretend you do not have a trade method to document and you're only in the learning phase of WRB Analysis.
You must still document your learning and application of WRB Analysis. For example, you can document valid WRB Zones each trading day, chart time frame you're using, chart of the day, time of occurrence for the WRB Zones, identifying the type of WRB Zone from chapter 2, number of Up WRB Hidden GAP intervals versus number of Down WRB Hidden GAP intervals plus any other WRB Analysis information that you want to accumulate data for possible backtesting at a later day when you do develop a trade method. In addition, document how long you were learning each tutorial chapter and document what trade methods you're going to merge with WRB Analysis.
Without this critical information about your learning and application of WRB Analysis, I can not provide you with good support because I will not be able to determine where you need help in your trading. Just as important, you will not be able to determine where you need help in your trading. Also, you will not be able traverse from documentation to backtesting. In addition, when market conditions change, you'll need that documentation to help you to identify areas in your trading to adapt to the changed market environment of the price action you're trading to minimize drawdowns (consistent losses).
It's highly recommended that while you're learning WRB Analysis Tutorials, you use WRB Analysis with our free real-time ##TheStrategyLab chat room. The purpose of the free chat room is for you to ask questions and get real-time answers involving the price action you're trading and to improve your understanding of WRB Analysis along with documenting your experience with WRB Analysis along. Simply, if you do not follow our instructions after reading the free study guide, WRB Analysis may be confusing to you and may not be useful to your trading as you navigate markets that are always changing.
WRB_Analysis_Tutorial_Chapters_1_2_3_TSL_110914_v2.5.doc [2.62 MiB]
Downloaded 4219 times
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 educational 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 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.
If you're unable to download the above study guide attachment or you don't have a .doc word file reader, you can access the free study guide @ http://www.scribd.com/wrbtrader as a .pdf file reader. Also, Scribd has an app for iPad/iPod/Android so that you can read the WRB Analysis free study while mobile (away from your computer). In addition, it's highly recommended that you avoid downloading the WRB Analysis Tutorials from other sources because files posted elsewhere may be older versions or edited/uploaded by someone that intentionally changed the information to be inaccurate. Therefore, only get your WRB Analysis Free Study Guide only from TheStrategyLab.com or Scribd.com
Specific Uses of WRB Analysis
You may need to ask questions here at the forum about the below mentioned uses because it may be confusing to you how to merge WRB Analysis with your trade method. In fact, I can create a private thread for you to ask specific discussions about any of the below uses if you do not want other users to know about your trade method or you can post your questions here in the public area of the forum. Creating a private thread for you via request only and the private thread section of this forum is the most active area of the forum.
You can use price action concepts of WRB Analysis to improve your entry signal strategy.
You can use price action concepts of WRB Analysis to improve your stop/loss protection management.
You can use price action concepts of WRB Analysis to improve your profitable trailing stop management.
You can use price action concepts of WRB Analysis to improve your profit targets.
You can use price action concepts of WRB Analysis to identify when market conditions for your trading instruments has changed from range to trend, trend to range, low volatility to high volatility, high volatility to low volatility and it gives you a better way to analyze (understand) the statistics of your trading.
You can use WRB Analysis to give you that critical understanding of the market context prior to the appearance of your trade signals. That understanding will be crucial for helping you to adapt to new or difficult market conditions...helping to minimize drawdown (losing streaks) periods.
Each tutorial chapter contains objective rule-base price actions that will allow you to know exactly what is a WRB, WRB Hidden GAP, Key Market Events (KME), Swing Point, Strong Continuation, WRB Zone and WRB profit targets. You'll learn which particular WRB are suitable as a WRB Hidden GAP and then you'll learn which WRB Hidden GAP qualifies as a key change in supply/demand that allows the WRB Hidden GAP to traverse into a WRB Zone. It's during this learning process where you'll merge WRB Analysis into your trade signal strategies (e.g. supply/demand, support/resistance, confluence, gap, breakouts, fading breakouts, double top/bottom, divergence, Japanese Candlesticks, range, trend, intermarket analysis, VSA, gartley/butterfly, traditional chart patterns, trendlines, channels, price moving averages et cetera) to improve the performance of your strategies and to give you a stronger understanding of the price action you're trading prior to the appearance of any trade signals.
Support (answering your trading questions) to this study guide is free and only provided to traders that join our TSL Support Forum. The support (forum and/or chat room) is critical for you to learn how to use WRB Analysis to improve trade signal strategies from entry to exit via exploiting key changes in volatility. Therefore, it’s a time for you to take action and use our free support to exploit key changes in supply/demand of the price action you’re trading via WRB Analysis.
How Do You Determine The Merits Of WRB Analysis?
You can use the resources below to properly determine the merits (usefulness) of WRB Analysis so that you’ll have your due diligence prior to purchasing any of our fee-base services.
Join our free chat room ##TheStrategyLab that’s specifically for traders using key concepts from WRB Analysis to help them trade stocks, futures, forex currencies or exchange traded funds. Qualification instructions for the chat room @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
You can then compare the results of any aspect of your trade strategies (entry signals, stop/loss protection, trailing stops, profit targets or exit signals) that you see occurring within WRB Zones versus the results of your trade strategies that do not occur within WRB Zones. Yet, only do this after you’ve learned and understand basic tutorial chapters 1, 2 and 3.
You can then use our free trade signal strategy called Fading Volatility Breakout (FVB). Qualification instructions for the free FVB trade signal strategy @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=89&t=533
Yet, only use this strategy after you’ve learned and understand basic tutorial chapters 1, 2 and 3.
Post a chart here at the TSL Support forum @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=61 or send the chart to us via email and I’ll annotate the chart with WRB Zones from advance tutorial chapters 4 – 12 that are still open for you to use in tomorrow’s price. You can then use the WRB Zones to look for trade opportunities via your trade signal strategy, use the WRB Zones as profit targets or use the WRB Zones for trade management. Therefore, there’s no hindsight analysis.
Review our charts at Stocktwits @ http://stocktwits.com/wrbtrader and here at the TSL Support forum in the WRB Zone Alerts @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=38 (there’s no hindsight analysis involving the highlighted green areas on the charts).
Review my own performance record (trade journal) @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=169
Review educational message posts by one of our clients (known as HiddenGap) that has merged WRB Analysis into his trade signal methods @ http://www.forexfactory.com/member.php?u=112593
Note: He has posted his broker PnL statements and full broker statements (simulator and real money) in the past at ForexFactory.com
Review testimonials (accolades) that are written by clients @ http://www.thestrategylab.com/Accolades.htm
There are several accolades at the above link that represent excerpts from articles posted at Futures Truth magazine and Stocks & Commodities magazine. We have no affiliation with these particular trader magazines or with any other online trader’s article nor have we given the researchers any financial compensation for the trading articles that gave us the status as one of the top performing chat rooms. Simply, our status as one of the top trading rooms is via our own merits as researched and documented by the authors at the noted magazines.
We are sure the WRB Analysis Tutorials will be helpful in your understanding of the price action (sometimes called market context)…allowing you improve the performance of your trade signal methods. If you don’t have your own trade strategies, you can use our free trade signal strategy called Fading Volatility Breakouts (FVB) @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=89 to see how WRB Analysis is merged into a simple trade method.
Yet, regardless if you have your own trade strategies or need our help as you begin the process of designing your own methods…you will need to use the free 30 day support to fully exploit the WRB Analysis Tutorial Chapters study guides that’s offered at the TSL Support Forum. The free support begins whenever you post your first question at the forum. Next, you’ll be able to determine the merits of WRB Analysis to determine if you should purchase the advance tutorial chapters 4 – 12.
With that said, the WRB Analysis Tutorial Chapters 1 - 3 file document is the only file you're allowed to share with other traders if they ask you questions about your trade method. Thus, our copyright protection policy only applies to the WRB Analysis Advance Tutorial Chapters 4 -12, trade signals strategies and resources (FVB, AJCTR, APAOR, STR and VTR). Also, your downloading of the word document file that's posted here at TSL Support Forum or anywhere else online via wrbtrader user name implies you understand it's the only file you can share whereas all other files you agree to not share our education material as described below in the copyright policy statement.
Copyright and Legal Stuff
Our WRB Analysis and Price Action Only Trade Signal Strategies are protected under The Digital Millennium Copyright Act and we aggressively pursue any violations or infringements of our copyright protection policy. Reality, this is more than just about copyright protection....its also about cybersecurity that we at TheStrategyLab take very seriously.
You can find out more about cybersecurity via DARKReading @ https://www.darkreading.com/ and Cytelligence @ http://www.cytelligence.ca/
Therefore, you yourself are not allowed to re-disseminate, re-distribute, repost any aspects of our price action only strategies, wrb analysis or any other resources of ours to file sharing, message boards, forums, blogs, websites, Youtube, Myspace, Facebook, Twitter, Stocktwits, news groups, emails, mail nor via any other social network communication source without the permission of TheStrategyLab.com regardless if you're a fee-base client or not.
We are protected via the Digital Millennium Copyright Act (DMCA) @ https://en.wikipedia.org/wiki/Digital_Millennium_Copyright_Act
Most violators of our copyright protection are from India, Pakistan, China, Russia, Panama and Philippines via using services like GoDaddy.com, NameCheap.com, eNom.com, CloudFlare.com, Hawkhost.com, DomainsByProxy.com and any other information we find in the Whois info @ https://www.whois.com/whois/ or ICANN whois info @ https://whois.icann.org regardless if the violators are hiding their identity/websites behind private registrations.
We concentrate our efforts on these particular countries and other countries not listed above after they attempt to market (resell) our education content in English around the world via the above listed website services that allow copyright protected material to be sold illegally through their business. Further, we contact the copyright infringement departments of social media services like Twitter, Stocktwits, Facebook, Pinterest, Google Plus and Youtube if the violator has an account with them for the purpose of reselling or sharing our education content without our permission.
We easily identify the violators and then report them to Google, Bing and Yahoo search engines so that the caches of these violators are removed from the search engines. Further, all of our education content contains hidden codes to help us easily identify the specific person that's violating our copyright protection policy.
Further, you're not allowed to provide education (free or fee-base) via revealing concepts from our WRB Analysis Tutorials or Trade Signal Strategies regardless if you use the exact same words or rephrase the concepts without the permission of TheStrategyLab.com and members that ignore the copyright protection...the following will occur:
You will be denied access to corrections, denied access to updates and new versions, denied access to the TSL Support forum itself, not allowed to purchase any other fee-base resource of TheStrategyLab.com (e.g. FVB advance trade signal strategies, Directional Creeper Movement (DCM) trade signal strategies, AJCTR trade signal strategies, APAOR trade signal strategies, STR trade signal strategies, VTR trade signal strategies, Advance WRB Tutorial Chapters) and not allowed access to the mentor/student list for in person mentoring.
Agreements for your access to any new resources, bonus materials via special promotions and refund policy will be voided.
File Sharing, Forums, blogs, chat room or any other online location that continues to store the message posts or files after we've contacted them about the copyright protection violation will have the urls (links) to those messages removed from all major search engines cache (e.g. Google DMCA policy) upon notification to the search engines about the copyright protection violation.
Simply, you're not anonymous. TheStrategyLab.com and a few trusted clients are members of most active trading forums around the world via different user names. We often use their help along with search engines to search for discussions or files involving concepts from our trade methodology. Therefore, it's not worth risking losing access to resources of TheStrategyLab.com because we often give members in good standing free access to bonus education material. Also, each client has a unique copy via an identifier code embedded within the strategies to make it very easy for us to determine which client or none client has been sharing our fee-base material without our permission...including bogus (fake) copies. Therefore, we'll seek legal counseling for possible legal action against the member and any forum, blog, chat room, website et cetera that continues to allow posting or file storage of our copyright protected education material after search engines have removed the urls (links) from their cache.
WRB Analysis (wide range body analysis or wide range bar analysis) was designed in the early 1980's by M.A. Perry via merging the study of changes in volatility and supply/demand as a method for understanding the price action. This method has objective rules unique to TheStrategyLab.com and we have traders documented since the 1980's using our WRB Analysis although marketing of the trade methodology for financial compensation didn't occur until year 2000 via TheStrategyLab.com website.
In fact, WRB Analysis Tutorials is basically unchanged since origination except for some small adaptation in a few of the tutorial chapters whenever market conditions change to merit such a change. However, all changes are only via concepts of M.A. Perry from many years of market/trading experience.
With that said, you’re allowed to mention to any trader that you use M.A. Perry WRB Analysis Tutorials or mention you use the Trade Strategies from TheStrategyLab.com especially if you're already mentioning you're using methods by other authors/vendors. Yet, if the individual requests more details about the concepts in the WRB Analysis Tutorials or trade signal strategies...send him/her to the TSL Support Forum or tell the trader to contact me directly via email.
Also, if you want to be financially compensated or want free access to other fee-base resources for sending traders to TheStrategyLab.com, contact me and request a referral code so that you can give to other traders because we have a few clients making consistent money from referrals via using their youtube, myspace, facebook or twitter social network when talking to others.
Copyright © since 2000 TheStrategyLab.com
Trader and Founder of WRB Analysis (wide range body/bar analysis)
@ http://twitter.com/wrbtrader and http://stocktwits.com/wrbtrader
Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
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