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Quotation Left 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. Quotation Right
 

WRB Analysis

(Wide Range Body Analysis versus Wide Range Bar Analysis)

Hashtags: #thestrategylab #wrbanalysis #wrbzone #priceaction #trading #technicalanalysis #EconomicCalendar

wrbtrader Price Action Trading Profit Loss Statement(click on image to view trading results)  

http://www.thestrategylab.com/images/102306NihabaAshi_Broker_PnL_Statement.png

Archive Chat Log @ http://www.thestrategylab.com/102306FuturesTrades.htm

Verification of Price Action Trade Performance @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=383 

Image on the left represents what many users in the private chat rooms were able to see via screen sharing in real-time as the trades occurred in the broker trade execution platform and then the same trades are posted real-time (average of 3.2 seconds delay via an auto-script) in the free chat room.  

I took a quick screenshot during the screen sharing for marketing purposes, for my own private trade journal documentation (other two monitors not shown for security & privacy reasons) and for verification that I traded on that specific trading day I posted real-time trades in the free 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.

 WRB Analysis Free Chat Room @ http://www.thestrategylab.com/ftchat/forum/ 

Recent simulation trade performance via the CME Group Trade Against A Pro Futures Challenge @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=360&t=4038

Recent real money trade performance @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=147

You can use WRB Analysis for day trading, swing trading or position trading...it is a trading course that is an introduction into understanding the price action you're trading...it does not teach how to trade.

Price Action Trading Analysis, Price Action Trading Strategies, Price Action Trading Chat Room and Price Action Trading Forum @ TheStrategyLab

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

Introduction

WRB Analysis Free Study Guide Foundation of WRB Analysis @ WRB Analysis Free Study Guide (word .doc & .PDF file)

First of all, there's a free study guide that represents the first three basic WRB Analysis Tutorial chapters for you to download, review and apply to your trade signal strategies or to help you design your own trade signal strategies. That's right...WRB Analysis is not a trade signal strategy...its an analysis of the price action so that you will better understand the price action you're trading along with improving the performance of your own trade signal strategies when you use key concepts from WRB Analysis.

There are a few older versions (dated before 2015) on the internet as such @ Forexfactory.com forum and other trader forums that I'm not an active member of those forums. The current version of the WRB Analysis Free Study Guide is only available directly from wrbtrader @ TheStrategyLab forum and it is dated January 2021 with more specific information about what Key Market Events (KMEs) in tutorial chapter 2.

For example, Key Market Events (KMEs) that are important to trading Emini Futures are not important for someone trading the Canadian Dollar. Just the same, Key Market Events (KMEs) that are important to trading Energy Futures are not important for someone trading the EuroFX Futures. Simply, you need to find out which Key Market Events (KMEs) are important to whatever you're trading and TheStrategyLab can help you with such as you're trying to determine how to use your trade signal strategies with WRB Analysis.

    Reminder: If you do not know which KMEs are important to your trading instrument...WRB Analysis will be useless to you.

Also, the most current version of January 2021 for the WRB Analysis Free Study Guide mentions the importance of inter-market correlation analysis but the specific details you'll need to ask TheStrategyLab (wrbtrader) questions only in your private thread because the specific details are only shared with active members of the forum in their private thread.

Simply, we don't share everything in the WRB Analysis Free Study Guide...the best info involves current market conditions (not market conditions from years ago) and is only shared via your interaction with wrbtrader.

  • The current WRB Analysis Free Study Guide version is only shared with members of TheStrategyLab free forum that have an active private trade journal at our TSL Support Forum...your trade journal verifies to TheStrategyLab your sincere interest in learning WRB Analysis.   

WRB Analysis for TheStrategyLab involves what's known as Wide Range Body Analysis. In contrast, there's another known price action analysis known as Wide Range Bar Analysis. There's an obvious difference between the two types of price action analysis although I do not know whom created Wide Range Bar Analysis and its a trade method often used by traders as a trade signal strategy.

WRB Analysis is just a price action analysis (not a trade signal strategy) and it differs greatly from Wide Range Bar Analysis (a trade signal strategy).

----------

Primary Differences 

WRB Analysis (aka Wide Range Body Analysis) is only a price action analysis that works with your trade signal strategy. In fact, if you do not have a trade signal strategy...you can not use WRB Analysis. In contrast, Wide Range Bar Analysis is a trade signal strategy.

WRB Analysis involves using candlestick charts whereas Wide Range Bar Analysis involves using bar charts and we've seen Wide Range Bar Analysis associated with automated trading systems or mechanical trading systems. In comparison, WRB Analysis is a discretionary price action analysis as you can see when you download / read the WRB Analysis Free Study Guide.

WRB Analysis (Wide Range Body Analysis) involves Key Market Events (KMEs) as explained in the WRB Analysis Free Study Guide. Simply, WRB Analysis recognizes the importance of the "first WRB Hidden GAP" interval that appears after a key market event but only if it qualifies as either a strong continuation price action or swing point price action...resulting in as a WRB Zone.

Also, WRB Analysis puts emphasis on "contracting volatility" intervals whereas Wide Range Bar Analysis refers to these particular intervals as "narrow range".

  • KMEs, first WRB Hidden GAP interval, contracting volatility intervals and WRB Zones are not concepts of Wide Range Bar Analysis.

In fact, a person online that does not mention the above key concepts while talking about WRB Analysis...its a person that's actually using Wide Range Bar Analysis and/or does not understand WRB Analysis.

Yet, if they insist they're using WRB Analysis...they should be able to show proof of their understanding via a DOK as shown by users @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=61 along with getting a reply from me that their DOK to verify their understanding of WRB Analysis is correct or incorrect just like the user did involving his understanding of WRB Analysis via his DOK image as shown below.

wrbtrader Price Action Trading Profit Loss Statement(click on image to view DOK verification of understanding WRB Analysis)

http://www.thestrategylab.com/tsl/forum/download/file.php?id=6090

Member complete DOK verification @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=61&t=4506

Many DOK examples of understanding WRB Analysis @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=61&t=719

In addition, WRB Analysis users do not use volume. The exception are Volume Spread Analysis (VSA) users that use volume as part of their trade signal strategy and they have merged WRB Analysis into their trade signal strategy to improve the results of its trade performance.

Thus, WRB Analysis users only use volatility analysis (not volume) to help with understanding the price action they're trading. 

Once again, if the person insist that he/she do in fact understand WRB Analysis...ask the person for DOK charts that explains tutorial chapter 2 of the WRB Analysis Free Study Guide involving both strong continuation price actions and swing point price actions via the above key concepts.

Also, if the person insist they're using WRB Analysis (Wide Range Body Analysis) in their trading (simulator or real money)...the person should be able to easily post verification of application via redacted screenshots of timestamp trade fills in broker trade execution platform to support any positive / negative opinions about WRB Analysis to go along with the charts that they used for trading to explain their trades via WRB Analysis.

  • Some of our WRB Analysis users go a step further via showing quantitative statistical analysis of their trade signal strategy performance without WRB Analysis versus the trade signal performance with WRB Analysis embedded in their trade strategy...posted in their private thread because some users want privacy or protection of their proprietary trade methods.

This type of verification about any commentary by anyone using WRB Analysis is important because the verification requirements is requested in our education resources here @ TheStrategyLab. Further, it helps to ensure they're not a clueless troll that's confused about the differences between WRB Analysis and Wide Range Bar Analysis.

In fact, the more verification info that's posted by a user of WRB Analysis in his/her private thread...the more I share about WRB Analysis. 

----------

With that said, one of the biggest problems with retail traders (that's you) is that trading is performed first via the perspective of the trade signal before the analysis or there's very little understanding of the analysis. Further, more often than not for retail traders, the documentation & journaling of the analysis is poor from the beginning and then continuing to be poor into the documentation & journaling of the trading (simulator or real money).

In contrast, to succeed in trading...we need to understand the price action (the analysis) prior to any trading (simulator or real money) must be ongoing with the documentation & journaling. This process will help minimize trade losses and make you a more consistent / profitable trader as you design your trade signal strategies or fix problems with your current trade signal strategies.

Thus, the minimum requirement to get traveling along the road of consistent profits is to first backtest your trade signal strategy and then properly document & journal your design/analysis/simulator trading prior to any real money trading. By the way, you can still manually backtest your trade signal strategy if you do not know anything about programming & coding. You just need access to historical data/charts for the manual backtesting. If you can not do the minimum requirement prior to real money trading...you're just a lazy trader that will most likely join the list of failed traders

 Analysis ---> Trade Signal Strategy ---> Backtest Trade Signal Strategy ---> Simulator Trading (documenting & journaling) ---> Real Money Trading (documenting & journaling)  

I know what you're thinking. Yep, its a lot of work and nobody told you that you will need to do the above to succeed as a profitable trader but you gotta do the work or else you will just become another failed trader. You can get started via starting your private trade journal at TheStrategyLab.

    Members Private Trade Journals & Private Threads @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=117

With that said, M.A. Perry (that's me) begin developing this type of price action analysis of the markets in the early 1980's and begin trading one strategy derived from WRB Analysis in the late 1980's. I then begin documenting WRB Analysis online via the user name NihabaAshi (user name derived from martial arts and Japanese Candlesticks Analysis). Today, I use the online user name wrbtrader and I now use several different trade signal strategies embedded with key concepts from WRB Analysis to exploit different types of market conditions due to the fact that market conditions are never the same from one trading day to the next trading day as in one size does not fit all.

Thus, I concentrated on understanding the price action (trends, range, chop et cetera) via WRB Analysis for many years prior to developing my first trade signal strategy with rules from entry to exit...prior to my very first trade. Further, in the 1980's when I first started studying the markets (no trading at this time for many years) because I was a teenager...I came upon the price action of a WRB accidentally when a hand drawn chart I was preparing for a relative, that was a floor trader at the time, when I realized upon completing the hand drawn chart that I was missing one interval.

That missing interval was a Wide Range Bar (expansion bar) in comparison to prior intervals. In my review, I noticed how that missing interval had impact on a few swing points, reaction points and profit targets later in the hand drawn chart. I immediately began studying other charts of different markets and started seeing other similar like price actions to prompt my initial curiosity into what I would later call WRB Analysis. Yet, I initially called them Wide Range Bar Analysis until I had access to candlestick charting software in the early 90's. Thus, I traverse from bar charts to candlestick charts and my definition of the word WRB involved both candlestick charts and bar charts. However, I developed a preference of Wide Range Body Analysis (candlestick charts) because I was able to quickly "visualize" the developing price action on candlestick charts in comparison to using bar charts especially when I became more of a price action only trader that doesn't use computer codes nor automation trading to exploit changes in supply/demand via changes in volatility.

What exactly is WRB Analysis?

WRB Analysis is a method that involves the combination of analyzing changes in volatility and supply/demand. Simply, WRB helps traders to understand and exploit changes in volatility as a way to identify key price areas where there's an important change in supply/demand prior to the appearance of any trade signals.

 WRB Analysis can be applied to time based candlestick or bar charts, volume based charts or tick based charts although the chart examples at this website are via time based candlestick charts. 

Also, WRB Analysis identifies changes in supply/demand that's occurring between buyers and sellers along with providing a map for exploiting the price action from swing point to swing point regardless if your a day trader, swing trader or position trader.

The word WRB means Wide Range Body (candlestick chart users) or Wide Range Bar (bar chart users) and there are different types of WRBs based upon volatility analysis, gap analysis or support/resistance analysis. Yet, be aware that you can use Bar charts for WRB Analysis but you must be using Wide Range Body Analysis and not Wide Range Bar Analysis.

The wide range is an interval that has a body (difference between Open and Close) or bar (difference between high and low) with a price area larger than each of the prior three intervals. In fact, you can use any number greater than three intervals as long as it's not less than three due to the behavior of volatility analysis because its less reliable and too difficult to analyze the volatility of two intervals or less regardless if the intervals are based upon time, volume or tick. Simply, you want as much market context as possible from the price action to help ensure proper analysis of changes in volatility and supply/demand.

Therefore, don't mix the definitions of a Wide Range Body with a Wide Range Bar even though both are called WRBs. The Wide Range Bar is a term associated with Bar charts and represents the price area between the High and Low. In contrast, Wide Range Body is a term associated with Candlestick charts and represents the price area between the Close and Open. However, regardless if you're using bar charts or candlestick charts, WRB Analysis can be applied to any type of chart where you can see WRBs and WRB Hidden Gaps. Yet, there will often be a different number of WRBs, WRB Hidden Gaps and WRB Zones depending upon what aspect of the expansion interval is being used as a measurement. However, even though you may see the word body used more often than the word bar in my discussions of WRB Analysis at TheStrategyLab.com or charts posted elsewhere online, it does not imply that candlestick charts should be used instead of bar charts…it’s only because I have a personal preference in using candlestick charts even though WRB Analysis has nothing to do with Japanese Candlestick Analysis.

In fact, about 25% of our clients use bar charts instead of candlestick charts while using WRB Analysis in their trading.

Charts of WRB (wide range bodies) and (wide range bars)

WRB Analysis Candlestick Chart versus Bar Chart

click on chart to view actual size

We ask for you to take a closer look and review the chart examples on the left to see the technical difference when comparing a candlestick chart to a bar chart via WRB Analysis. Charts on the left in the image represents all WRBs whereas charts on the right in the image represents the important WRBs called WRB Hidden Gaps. It's the WRB Hidden Gaps that traders should be monitoring because they represent key changes in supply/demand and volatility. Simply, not all WRBs are important and the few that are important must be identified to be able to identify where key market participants are most likely to get involved in the price action.

Also, most charting programs that allows coding can be setup to automatically identify WRBs or WRB Hidden Gaps (e.g. tradestation, metatrader, multicharts, esignal et cetera).

WRB Analysis in combo with your Strategy

WRB Analysis are not trade signals by itself. Instead, it must be merged with your trade signals or used to confirm a trade signal is valid for trading. Thus, WRB Analysis is an understanding of the price action and that in itself makes it much more important than just trade signals. It can be used just to get a better understanding of what really is leading your trading instrument for a particular trading day, used only as profit targets for those that have trouble staying with their winners, used to improve the trade management (after entry) of many different types of methods or trading styles (day trader, swing trader or position trader).

Therefore, the purpose of WRB Analysis is to be integrated into your own methods to enhance their performance of any of the following strategies you may be using as your trade methodology:

     Breakout Strategy

    Fading Breakout Strategy

     Divergence Strategy

     Support/Resistance Strategy

     Confluence Strategy

     Double Bottom/Double Top Strategy

     GAP Strategy (Regular Session Gaps and Globex All Session Gaps)

     Trend Strategy

     Range Strategy

     Profit Target Strategy

     Volume Spread Analysis (TheStrategyLab.com has a few clients using VSA even though we ourselves do not use this methodology)

     Intermarket Analysis

     Market Seasonal Tendencies (Cycles) Analysis

     Volatility Analysis and it replaces the need for volume analysis

     Japanese Candlestick Patterns (time and volume based candlestick charts)

     Traditional Chart Patterns (ex. triangles, wedges, head and shoulders, flags, pennants and rectangle price action)

     Technical Indicators (ex. rsi, cci, macd, stochastics, moving averages, average true range, obv and many others)

Trading Instruments suitable for WRB Analysis Tutorials  

The nature of WRB Analysis Tutorials makes it suitable for any of the following trading instruments.

     Futures 

     Forex Currencies 

     Stocks 

     Exchange Traded Funds 

WRB Analysis Tutorial Chapters 1, 2 and 3 Free Study Guide

You can download the free study guide @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=5&t=180

However, if you are not using any of the above trade methodologies and want to find out more information about our trade strategies that has WRB Analysis integrated into the strategies...click here.

Last of all, if you have any trading related questions...please do not hesitate to contact us because we've helped hundreds of traders regardless if they use our methods or their own trade methods.

Best Regards,
M.A. Perry (a.k.a. wrbtrader
Trader and Founder of WRB Analysis (wide range body analysis or wide range bar analysis)
wrbtrader @ Twitter@ http://twitter.com/wrbtrader/    wrbtrader @ Stocktwits@ http://stocktwits.com/wrbtrader

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