Price Action Trading Support Forum

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. Hashtags: #priceaction #trading
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 Post subject: Can WRB Analysis Tutorials can improve my trading?
PostPosted: Sun Apr 18, 2010 8:11 am 

Joined: Sun Apr 18, 2010 2:23 am
Posts: 1

I am a forex intra-day trader and a longer term investor on the ASX market. I would like to eventually day trade stocks and futures when my capital base allows me to do so. At this stage the brokerage costs would cause me to take too much risk that I'm not prepared to do. My method also is volume based which is difficult on the spot fx market with only tick volume available.

I have attached two charts. I'm not sure if it's better to post my losing trades (plenty of them) or my winners. So I'll post my best ASX trade to date and my recent EUR/USD trade earlier this week.

The first chart is ANZ. Quite an easy trade to spot with a relatively low risk entry. I am still in this trade and will take profit if the current up trend shifts. I'm assuming this will be quite soon as the divergence in price and volume is quite evident. This is a weekly chart BTW, which I just realised it doesn't show.

anz.png [ 18.83 KiB | Viewed 2077 times ]

My second chart is a Euro futures chart (6E). I use futures charts as it has true volume and I trade the signals on the cash market. I just can't seem to trust "tick" volume, no matter how hard I try.

This is a 5 minute chart and was the best signal I had all week. Unfortunately many of my other trades weren't as straight forward as this. My exit was about 50 ticks below my entry after trailing my stop above each lower high.

6E_5m.png [ 46.79 KiB | Viewed 441 times ]

I'm hope WRB can help with my analysis, or more so my entires and exits. I can post plenty of my forex losing trades if needed.


 Post subject: Re: Can WRB Analysis Tutorials can improve my trading?
PostPosted: Tue Apr 20, 2010 8:22 pm 
Site Admin

Joined: Sat Jan 10, 2009 2:06 pm
Posts: 3778
Location: Canada

Thanks for your patience. I've now posted the revised study guide that's now version 2.1 (old version was v2.0) after a delay due to family illness (kids got gastro...a stomach flu) on the weekend that left me exhausted until today.

With that said, your WRB Analysis Tutorial Chapters 1 - 3 v2.1 (study guide) is posted in your private thread @

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)
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Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002

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