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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. Hashtags: #wrbanalysis #wrbzone #wrbhiddengap #priceaction #trading
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 Post subject: DOK 1-3
PostPosted: Sun May 08, 2016 7:24 pm 
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Joined: Fri May 06, 2016 6:58 pm
Posts: 8
Chapter 1

In this DOK, I will be showing the following:

1) WRBs
2) WRB HG


Attachments:
DOK2.png
DOK2.png [ 63.42 KiB | Viewed 373 times ]


Last edited by irza on Sun May 08, 2016 8:08 pm, edited 1 time in total.
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 Post subject: Re: DOK 1-3
PostPosted: Sun May 08, 2016 7:26 pm 
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Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4335
Location: Canada
Hi,

Can you explain what were the price action definitions and KME events from chapter 2 that caused those WRB Zones ?

I ask because you didn't mention any KMEs. Thus, you're using something different than tutorial chapter 2. In addition, you did not show on your chart any info for chapter 3.

Regards,
M.A. Perry


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 Post subject: Re: DOK 1-3
PostPosted: Sun May 08, 2016 7:32 pm 
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Joined: Fri May 06, 2016 6:58 pm
Posts: 8
Chapter 3

Here is an example of how i would use WRBs to manage my trades

Example

Trigger signal long 1 gets stopped out
Reenter via signal long 2, when PT1 (first WRB after and above pattern signal) hits, I should scale out position. Exit when the bar still dynamic, do not wait for bar to close. Do the same for PT2 and PT3.


Attachments:
example of PT1.png
example of PT1.png [ 84.09 KiB | Viewed 392 times ]


Last edited by irza on Sun May 08, 2016 7:58 pm, edited 2 times in total.
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 Post subject: Re: DOK 1-3
PostPosted: Sun May 08, 2016 7:33 pm 
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Posts: 8
wrbtrader wrote:
Hi,

Can you explain what were the price action definitions and KME events from chapter 2 that caused those WRB Zones ?

I ask because you didn't mention any KMEs. Thus, you're using something different than tutorial chapter 2. In addition, you did not show on your chart any info for chapter 3.

Regards,
M.A. Perry


The first WRB HG in the first screenshot was the first WRB after the 830 am NYT Non Farm Payroll news (KME)


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 Post subject: Re: DOK 1-3
PostPosted: Sun May 08, 2016 9:09 pm 
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Joined: Fri May 06, 2016 6:58 pm
Posts: 8
Chapter 2

Example

Swing Point #1

The key market event interval (first WRB Hidden GAP) must have its price close below the close price of ANY prior Down WRB Hidden GAP even though it may not be the same prior Down WRB Hidden GAP that gets filled by the price action after the key market event interval (first WRB Hidden GAP) or the key market event interval (first WRB Hidden GAP) must have its price close below the range (highest high to lowest low) of ANY prior three consecutive declining same direction intervals.


Attachments:
KME.png
KME.png [ 62.25 KiB | Viewed 780 times ]
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 Post subject: Re: DOK 1-3
PostPosted: Thu May 12, 2016 9:09 am 
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DOK Chapter 2

Swing point 1

price action after First WRB HG continues and fills the range of prior 3 consecutive same direction interval


Attachments:
dok2.png
dok2.png [ 41.97 KiB | Viewed 400 times ]
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 Post subject: Re: DOK 1-3
PostPosted: Fri May 13, 2016 6:46 am 
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Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4335
Location: Canada
Hi,

Tutorial chapter 2 states the KME must occur in the same interval that has been identified as the WRB Hidden GAP interval. Yet, your chart shows something different in that the KME occurred in the interval before the WRB Hidden GAP interval unless the times on your chart are offset differently than something I'm use to looking at.

Regards,
M.A. Perry

irza wrote:
DOK Chapter 2

Swing point 1

price action after First WRB HG continues and fills the range of prior 3 consecutive same direction interval


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 Post subject: Re: DOK 1-3
PostPosted: Fri May 13, 2016 7:16 am 
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Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4335
Location: Canada
Hi,

download/file.php?id=4707

The above is not a bullish swing point #1 because a bullish swing point must be a Up WRB HG interval that occurred also as the KME interval that will have its close measured against the close of any prior Down WRB HG interval @ download/file.php?id=3081

In contrast, a bearish swing point #1 will have a Down WRB HG interval that occurred also as the KME interval that will have its close measured against the close of any prior Up WRB HG interval @ download/file.php?id=3085

Please review the charts carefully from the free study guide to see the above including the generic chart @ download/file.php?id=3082

Regards,
M.A. Perry

irza wrote:
Chapter 2

Example

Swing Point #1

The key market event interval (first WRB Hidden GAP) must have its price close below the close price of ANY prior Down WRB Hidden GAP even though it may not be the same prior Down WRB Hidden GAP that gets filled by the price action after the key market event interval (first WRB Hidden GAP) or the key market event interval (first WRB Hidden GAP) must have its price close below the range (highest high to lowest low) of ANY prior three consecutive declining same direction intervals.


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 Post subject: Re: DOK 1-3
PostPosted: Sun May 15, 2016 10:01 pm 
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Joined: Fri May 06, 2016 6:58 pm
Posts: 8
thanks for the feedback


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