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Forum for price action traders that want to learn WRB Analysis basic tutorial chapters 1, 2 and 3 prior to purchasing our advance trade methods
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 Post subject: ***##TheStrategyLab Chat Room Explained (must read)***
PostPosted: Sun Mar 30, 2014 9:06 pm 
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Site Admin

Joined: Sat Jan 10, 2009 1:06 pm
Posts: 3016
Location: Canada
Price Action Trading (no technical indicators)
Chat Room Moderator (wrbtrader)
wrbtrader (more info about me): http://www.thestrategylab.com/wrbtrader.htm
Chat Room Access Instructions: http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=164&t=1862
Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
questions@thestrategylab.com (24/7)
Twitter @ http://twitter.com/wrbtrader (24/7)


(click on image to view daily broker PnL statement)

http://www.thestrategylab.com/tsl/forum/download/file.php?mode=view&id=5103

Archive chat log for image to the left @ http://www.thestrategylab.com/033007FuturesTrades.htm

##TheStrategyLab is primarily designed for you to use the chat room as a real-time trade journal so that you can have a real time stamp archive of your trades or your market commentaries each trading day as you navigate from one trade to the next trade.

Image in this message post represents what many users in the private chat rooms 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 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.

I document my trading with images like this every trading day (several different times per day) in combo with my daily brokerage statements so that I know what my monitors looked like on a specific trading day because I use different templates in my chart configurations and my broker PnL statement screens depending upon market conditions.

Currently, I no longer do screen sharing...thanks to unprofessional behavior of trolls that violated my terms of use policy @ http://www.thestrategylab.com/House-Rules.htm

Further, we don't care if you're on simulator or trading with real money. Yet, do not join our free chat room to troll ##TheStrategyLab free chat room nor attempt to use the free chat room as a live trading room (signal calling) because if you try to do such...we will ban you.

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

Most important reason for showing the daily broker PnL statement of one particular trading day is to show traders they can document their trades or analysis via their charts and trading platform for their own personal trade journals. The documentation gives them valuable feedback about what they were looking at on any particular trading day...valuable information then just looking at numbers in broker statements alone.

Regardless, we highly recommend you use the free chat room in combo with a professional trade journal software like tradebench.com, edgewonk.com, tradervue.com, tradingdiarypro.com, stocktickr.com, journalsqrd.com, tradingdiary.pro, mxprofit.com or trademetria.com because these professional trade journal software will do the quantitative statistical analysis for you involving your trade performance so that you can determine on your own the strengths & weakness about your trading. Later, if you want to, you can then post your statistical analysis in your private thread for your eyes only in reviewing your trade results as you traverse from one trading day to the next trading day.

Further, this is not a signal calling chat room nor a live trading room where some head trader is telling its members what to buy, sell in the market. Also, the chat room is not designed to be educational. The trade education, if you need it...occurs at the forum and not in the chat room. Simply, members using the chat room are not there to teach you how to trade and you will not see me discussing the reasons (strategies) behind my trades within ##TheStrategyLab chat room because those reasons (strategies) are only discussed with fee-base clients in a different chat room. Yet, if you want ##TheStrategyLab chat room to be educational or more active in discussing whatever it is that you're trading, we highly recommend that you ask trading related questions about your own trading instead of lurking (not saying anything) because your primary purpose is to improve your trading if you're a struggling trader.

Quote:
We are just the moderators of the free chat room to keep the peace between members especially when the trouble makers or trolls show up. We're well known to ban the trouble makers and trolls especially those that threaten to give us a "bad review" because we refuse to be a signal calling (live trading room) where they want to be told when to buy & sell their trading instruments or we refuse to partner up with them for whatever reason. Some of these trolls are obvious after they were banned for violating our terms of use policy while they were using our free chat room...they then retaliate for the ban via giving us bad reviews for services we do not offer or they try to market our trade methods for financial gain at another website while trying to hide their identities as an affiliate of the website.

Also, don't join ##TheStrategyLab and then be silent. To be silent while using ##TheStrategyLab chat room implies you're not interested in any conversations that may be helpful to your trading from other members. Thus, you'll be wasting a collaboration opportunity for improving your trading and doing such will make ##TheStrategyLab chat room useless to you. Therefore, post your real-time trades or real-time market analysis to help document your trading day...we'll moderate the free chat room to prevent others from bothering you when you use the free chat room the way it was designed to be used.

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Note: Fee-base clients of TheStrategyLab.com are not required to post DOKs to gain access to ##TheStrategyLab chat room if/when they choose to use the chat room. Yet, if fee-base clients do log into ##TheStrategyLab chat room...they are not allowed to discuss any concepts from our fee-base strategies within ##TheStrategyLab chat room because they already have their own private chat room that's designated for real-time strategy discussions.

The most common trading instruments you'll see discussed in ##TheStrategyLab real-time chat room are Gold GC futures, Crude Oil CL futures, Emini ES futures, Emini RTY (TF) futures, Emini NQ futures, Emini YM futures, Eurex DAX futures, Forex EurUsd, Forex GbpUsd, QQQ, SPY, IWM, DIA and VIX. In addition, if you trade different trading instruments (e.g. stocks, treasury futures, Eurex BUND or other Forex price actions) we welcome traders of other trading instruments that are listed @ http://www.thestrategylab.com/TradingInstruments.htm

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Once again, ##TheStrategyLab is not a signal calling chat room, ##TheStrategyLab is not a live trading room. We do not offer these services because we do not believe in their business model to help traders to succeed nor do we have the resources to provide such type of services. Therefore, its impossible for you to follow (mimic/copy) my trades or the trades of any other member for the following reasons...


1) These are real trades or simulator trades (depending upon the trader posting the trades) and not signal calls. Thus, the trades you see posted in the chat room by different users are only posted within 5 seconds of receiving their trade confirmation from the broker platform. Simply, there are no guru traders in the chat room telling you when to buy or sell.

2) Our chat room requires participation to maintain its usefulness. Therefore, you will never see the real-time trades fast enough to mimic the trades from amongst commentaries by other members. Simply, you can't get similar like trade fills on the entries, exits and position size.

3) Some members do not want others trying to mimic their trades because they know that most traders that do mimic without permission...usually aren't respectful and give nothing back in return to the chat room usefulness.

4) The chat room is designed to be your own personal trade journal of your market thoughts, questions and/or trades. Yet, if you join our chat room in an attempt to use it as a signal calling chat room...you'll be greatly disappointed and the chat room will be useless to you.

Thus, do not become angry when we refuse to provide those types of services. We are just moderators to keep the peace between members in the free chat room just in case trouble makers and/or trolls show up to cause problems. That's why we have a bad reputation and often threaten with "bad reviews" because offer services that "lazy traders" typically are looking for. We require you to document your real-time trades or document your real-time market analysis.

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Do not attempt to mimic the trades of any trader in ##TheStrategyLab chat room. If we suspect you've joined ##TheStrategyLab to try to use it as a signal calling chat room in an effort to piggy back (mimic or copy) someone's trades, you will be banned...no exceptions and no warnings.

Once again, ##TheStrategyLab is free and designed to be only a trade journal for documentation purposes only so that members can have a real 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. Simply, if you're attempting to use ##TheStrategyLab as a signal call chat room...you're using ##TheStrategyLab for the wrong reasons and the chat room is not suitable for you.

In addition, we welcome all traders with their own methods of price action or indicators via different trading styles that's trying to merge it with concepts from WRB Analysis to help keep the chat room diversified...posting trades, price action analysis or market commentaries. Yet, if you're looking for education specifically involving trade methods of TheStrategyLab that we call WRB Analysis...you must first download and learn our WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=119&t=718 prior to asking any questions about someone's trades, price action analysis or market commentaries.

Last of all, to prevent the usual mix-up about our different chat rooms, most of our fee-base clients do not use chat rooms just like most retail traders do not use chat rooms. Yet, the few clients that do use chat rooms, our fee-base clients are discussing market analysis or trade signals via concepts from our strategies in the private chat rooms called ##VolatilityTradingTSL or ##WRB_Analysis and they're not allowed to do such in ##TheStrategyLab.

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
Price Action Only Trading (no technical indicators)
Image@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
intradaystrategies@yahoo.com
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


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