Price Action Trading (no technical indicators)
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##TheStrategyLab (located on the Freenode IRC network) is free along with being a serious professional trading chat room for traders using WRB Analysis (e.g. Contracting Volatility, WRB, WRB Hidden GAP, WRB Zone, WRB profit targets, Key Market Events) by itself or merged with other trade methods to improve the performance of those other trade methods regardless if you're a position trader, swing trader or day trader. Therefore, you're welcome to use the chat room to ask questions about WRB Analysis, post real-time price action trading analysis involving WRB Analysis merged with your own trade methods, post real-time trades or talk about general market issues impacting today's price action involving stocks, futures, exchange traded funds or forex currencies. In addition, we welcome all traders (beginners, experience, part-time, full-time) that are merging WRB Analysis with their trade methods or using WRB Analysis to help develop a better understanding of the price action (market context) they're trading.
##TheStrategyLab is primarily designed to only be a trade journal for documentation purposes so that members can have a real time stamp archive of their trades and their market commentaries of each trading day...giving them a better understanding of their broker statements from one trade to the next trade when they review their performance numbers on any given trading day in the past. Therefore, if you use our chat room...its highly recommended you post messages that reflect what you see in the price action on your monitors so that the chat room becomes your diary (journal) to correlate with trades on your broker statements.
Also, if you want ##TheStrategyLab chat room to be educational for you, ask questions instead of lurking (not participating in conversations). You can talk about anything related to price action analysis, trade execution, financial markets, economies or news impacting the markets in general.
Quote:
The chat room is only for traders learning or applying concepts of WRB Analysis. In addition, traders that use ##TheStrategyLab are required to post at least one WRB Analysis price action commentary, one real-time trade or one general trading related commentary per day they log-in to the chat room. Yet, if the trader decides to post real-time trades (simulator or real-money)...the trades must be clear (not ambiguous) entry price/exit price and position size. Traders that consistently log-in and not post any price action commentary involving WRB Analysis or post ambiguous trades will be KICKED (removed) from the chat room.
With that said, thanks for reading the trades, price action analysis or market commentaries that's below and we highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful market context information that's critical to understanding price action trading. To log into ##TheStrategyLab chat room that's located on the Freenode IRC network...please follow the instructions here at the FTCHAT Support Forum @ http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5 or via the the instructions from the TSL Support Forum @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
Attachment:
081213-Key-Price-Action-Markets.png [ 544.03 KiB | Viewed 296 times ]
click on the above image to view today's price action of key markets
Note: Trader conversations below may represent different chat rooms (e.g. ##TheStrategyLab, ##WRB_Analysis, ##VolatilityTradingTSL) that have been merged together at the end of the trading day.
Session Start: Mon Aug 12 08:30:20 2013
Session Ident: ##TheStrategyLab
[08:30:20] * Now talking in ##TheStrategyLab
[08:30:20] * Topic is 'Chat room only for traders using WRB Analysis (WRBs, WRB Hidden GAPs, WRB Zones) for day trading, swing trading or position trading. | WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... 119&t=718'
[08:30:20] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:30:20] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:46:40] <canaandog> good morning
[09:23:02] <Trendtrader>
all[09:40:14] <TigermanTrader>
all[09:47:52] <Trendtrader> Shorts Emini TF @ 1047
[09:47:53] <Trendtrader> x2
[09:48:34] <wrbtrader> Shorts Light Crude Oil CL @ 105.34 -> small size
[09:48:49] <wrbtrader> 1+2 contracts
[09:49:42] <TigermanTrader> short es 1684.25
[09:50:46] <TigermanTrader> exit ES @ 1684 +1 tick
[09:53:40] <wrbtrader> Long25mini ES futures @ 1685.50 large size (20 contracts)
[09:56:35] <wrbtrader> Exit Emini ES futures @ 1684.75 -0.75
[09:58:40] <wrbtrader> Covered all Light Crude Oil CL Short @ 105.30 --> + 0.04
[09:59:35] <wrbtrader> Long Emini ES @ 1684.75
[09:59:49] <squiggles> GC (gold) meandering about and now declining from R area of 0916 to 0918 WRB HG
[09:59:58] <wrbtrader> 20 contracts
[10:00:10] <wrbtrader> re-entry
[10:01:44] <wrbtrader> WRB pt1 reached
[10:04:11] <wrbtrader> choppy
[10:04:49] <TigermanTrader> yeah one of those sistuation I lose my patience
[10:13:03] <squiggles> last 1/2 hour in TF & GC pretty ordinary
[10:18:13] <wrbtrader> Exited all Emini ES Long @ 1686.50 --> + 1.75
[10:21:42] <MattR_> Volatility Spike in Crude Oil CL Futures.
[10:22:46] <squiggles> GC volatility dissappearing into infinately small (2m chart)
[10:28:52] <TigermanTrader> short ES 1685
[10:31:02] <TigermanTrader> exit ES @ 1684.75 + 1 tick
[10:31:10] <TigermanTrader> stop pick up
[10:31:22] <Trendtrader> Covered all Emini TF Short @ 1047.6 --> - 0.6
[10:35:07] <TigermanTrader> price are contracting on todays top nin e-minies
[10:51:10] <TigermanTrader> I have to exit see all next ti
[10:51:16] <TigermanTrader> next time
[11:01:17] <wrbtrader> We got that key market event 2pm est that's still being hyped
[11:01:36] <wrbtrader> I think that is one of the primary reasons to today's fuel
[11:01:39] <wrbtrader> in the markets
[11:23:21] <gary07> vol increasing in cl
[11:26:27] <MattR_> Volatility Spike in Crude Oil CL Futures.
[11:47:04] <@wrbtrader> WRB Analysis -> - Your use of this chat room implies you're using concepts from WRB Analysis for price action trading to help trade either Stocks, Emini Futures (EMD, TF, ES, NQ, YM), EuroFX 6E Futures, Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40, BUND), Treasury Futures (ZF, ZN, ZB), Oil Futures (Brent, CL, HO, QM), Gold GC Futures, Natural Gas NG Futures, Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQ, SPY), Hang Seng HSI Futures, NIFTY Futures, Forex Currencies (GbpUsd, EurUsd, EurYen, UsdCad) and other key market price actions.
[12:03:02] <@wrbtrader> Boring day after the initial run-up
[12:03:34] <@wrbtrader> volatility has slowed down dramatically for the start of the mid-day (lunch time) trading session
[12:06:18] <@wrbtrader> Dollar Snaps Six-Day Slump Before Retail-Sales Report (Bloomberg) @ http://www.bloomberg.com/news/2013-08-11/mb-open.html
[12:07:06] <@wrbtrader> Long Light Crude Oil CL @ 106.14 -> small size
[12:07:22] <@wrbtrader> 1 contract
[12:07:59] <@wrbtrader> Crude Oil CL futures volatility still a big problem today
[12:08:31] <@wrbtrader> It has spent most of the regular trading session in a low volatility trading range
[12:09:17] <@wrbtrader> trailing @ profit
[12:10:57] <@wrbtrader> Gold GC futures comatose right now
[12:12:13] <@wrbtrader> Exited Light Crude Oil CL Long @ 106.18 --> + 0.04
[12:21:40] <@wrbtrader> increasing volatility in Gold GC futures
[12:22:35] <@wrbtrader> Its trying to form nice looking v2/v1 strong continuation price action from Basic tutorial chapter 2
[12:22:45] <@wrbtrader> via the 3min chart
[12:23:48] <@wrbtrader> Long Light Crude Oil CL @ 106.41 -> small size
[12:24:16] <@wrbtrader> 1 contract
[12:24:44] <@wrbtrader> volatility spike in Oil CL futures but overall the volatility is still low
[12:24:57] <@wrbtrader> reason why I'm not pushing any size on this trade
[12:27:41] <@wrbtrader> Exited Light Crude Oil CL Long @ 106.25 --> - 0.16
[12:28:01] <@wrbtrader> S area of most recent WRB Hidden GAP reached in Crude Oil CL futures
[12:28:29] <@wrbtrader> Dark-pool trading reaches record levels in Europe (MarketWatch) @ http://www.marketwatch.com/story/dark-p ... 2013-08-12
[12:29:00] <@wrbtrader> Interesting article about Europes "problem" with Dark-Pool trading
[13:00:00] <@wrbtrader> Shorts Light Crude Oil CL @ 106.01 -> small size
[13:00:09] <@wrbtrader> 3 contracts
[13:00:12] <@wrbtrader> increasing volatility
[13:07:28] <@wrbtrader> just chopping around now
[13:11:18] <@wrbtrader> WRB pt1 (shallow) reached
[13:15:54] <@wrbtrader> Covered all Light Crude Oil CL Short @ 16.00 --> + 90.01
[13:16:02] <@wrbtrader> correction
[13:16:11] <@wrbtrader> Covered all Light Crude Oil CL Short @ 106.00 --> + 0.01
[13:16:35] <@wrbtrader> I don't have the patience anymore for that trade because the contracting volatility is too much
[13:16:51] <@wrbtrader> Will watch awhile and jump on any new volatility that may show up to the downside
[13:29:30] <@wrbtrader> Shorts Light Crude Oil CL @ 105.90 -> small size
[13:29:45] <@wrbtrader> 1 contract
[13:29:51] <@wrbtrader> low volatility price action
[13:36:14] <@wrbtrader> snapback in Crude Oil CL futures...producing long lower shadow interval on the 2min chart
[13:36:52] <@wrbtrader> Covered Light Crude Oil CL Short @ 105.87 --> + 0.03
[13:41:45] <@wrbtrader> Shorts Light Crude Oil CL @ 105.77 -> small size
[13:42:43] <@wrbtrader> 3 contracts
[13:44:06] <@wrbtrader> Its been several weeks since I'v put on a large size position in Crude Oil CL futures...
[13:44:19] <@wrbtrader> I've not like the overall price action.
[13:45:55] <canaandog> it has been a bit wierd
[13:46:17] <canaandog> not consistently in sync directionally with any of the usual things
[13:46:57] <@wrbtrader> Overall trading conditions usually improve out of the Summer when kids go back to school
[13:49:34] <@wrbtrader> volatility spike
[13:49:51] <@wrbtrader> getting closer to the 2pm est key market event hype
[13:53:20] <@wrbtrader> Short Emini ES futures # 1683.25 large size 20 contracts
[13:53:45] <@wrbtrader> increasing volatility in the Emini Futures
[13:54:10] <@wrbtrader> near an S area
[13:54:36] <@wrbtrader> and near a prior reaction point
[13:56:19] <@wrbtrader> I don't like having these two types of trading instruments with open positions at the same time going into a key market event
[13:56:34] <@wrbtrader> tightning stoploss protection
[13:58:58] <canaandog> news out apparently
[13:59:15] <canaandog> slight miss, but only 2% or so
[13:59:38] <canaandog> forex factory had it at 1354
[14:01:48] <@wrbtrader> Exit all Emini ES futures @ 1683.25 +0.00
[14:02:02] <@wrbtrader>
[14:04:54] <@wrbtrader> Covered all Light Crude Oil CL Short @ 105.96 --> - 0.19
[14:09:59] <@wrbtrader> Shorts Light Crude Oil CL @ 105.88 -> medium size
[14:10:13] <@wrbtrader> 2+2 contracts
[14:11:04] <@wrbtrader> Not much happening with my favorite trading instruments Emini TF and these secondary instruments not giving me what I want
[14:12:05] <@wrbtrader> long enduring low volatility trading ranges that do an occassional volatility spike to take price back into the price area of a prior low volatility tight trading range
[14:14:08] <@wrbtrader> Tomorrow's key market events should sake things up beginning with the European infor around 0430am est, 0500am est and 0830am est
[14:16:24] <@wrbtrader> increasing volatility then it suddenly died
[14:17:15] <@wrbtrader> Covered all Light Crude Oil CL Short @ 105.86 --> + 0.02
[14:18:07] <@wrbtrader> volatility spike back inside the range of a prior low volatility range area
[14:19:10] * Leopard70_______ was kicked by wrbtrader (not participating as agreed)
[14:20:20] <@wrbtrader> still nothin gout of Emini TF futures and the other futures
[14:22:59] <@wrbtrader> Shorts Light Crude Oil CL @ 106.05 -> medium size
[14:23:21] <@wrbtrader> 2+1 contracts
[14:23:48] <@wrbtrader> :*
[14:23:50] <@wrbtrader>
[14:24:06] <@wrbtrader> my ouch trade of the day
[14:28:28] <@wrbtrader> Covered all Light Crude Oil CL Short @ 106.07 --> - 0.02
[14:30:25] <@wrbtrader> Long Light Crude Oil CL @ 106.11 -> small size
[14:30:39] <@wrbtrader> 3 contracts
[14:30:51] <@wrbtrader> just a churn trade
[14:39:47] <@wrbtrader> Exited all Light Crude Oil CL Long @ 106.17 --> + 0.06
[14:40:01] <@wrbtrader> another poor performing WRB pt1
[16:10:46] <canaandog> tomorrow
[16:14:20] <@wrbtrader> Just got back...try to make it back in time for the 4pm est rush hour traffic
[16:14:28] <@wrbtrader> didn't miss much
[16:14:44] <@wrbtrader> See all tomorrow
[16:39:04] <JetJockBoston> test
Session Close: Mon Aug 12 18:41:01 2013
-------------------------
##TheStrategyLab (located on the Freenode IRC network) is free and is a serious professional trading chat room involving WRB Analysis in which any trader (position trading, swing trading, day trading) can use the chat room to post their trades or commentaries about stocks, futures, exchange traded funds or forex currencies. Simply, you don't need to be a client of TheStrategyLab.com to use the chat room nor do you need to be a price action trader (no indicators) because some members use indicators while others do not. Yet, the only requirement is that you want to learn WRB Analysis.
Therefore, we welcome all traders that want to learn about WRB Analysis regardless if they are beginners or experience traders in price action trading.
The purpose of ##TheStrategyLab is that it's designed to be a trade journal for documentation purposes only so that members can have a 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.
Further, members are not obligated to educate nor help other members but members are encourage to ask questions about any trades or market commentaries that's posted by others because sometimes the answers contains useful trading tips.
In addition, our primary job in the free chat room is to moderate the room (keep the peace) because with so many members using different trade signal methods along with different opinions about the market...debates or arguments can easily flare up without moderating. In addition, our presence in the chat room is to ensure it's a spam free chat room during trading although these archived chat logs may contain advertisements for guest visitors.
Commonly discussed trading instruments from stocks, futures, exchange traded funds and forex currencies:
CME Emini Futures EMD, ES and NQ ICE Emini TF Futures (formerly CME ER2) CBOT mini-sized Dow Futures YM Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50 Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz Euronext Futures FTSE-100 and CAC-40 CME Futures EuroFX 6E and EC Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen and Usd/Cad Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI S&P CNX NIFTY Futures Hang Seng Index Futures HSI and mini-Hang Seng MHIAlso, 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 price action only 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.
Reminder, our Terms of Use (TOU) Policy is a must read to prevent any misunderstandings along with revealing that ##TheStrategyLab is a serious professional price action trading chat room and we expect members to act professional. Also, these logs may have been edited (rarely) to remove any messages that a member has complained to me via private message that they consider a particular commentary to be inappropriate, offending or too far in the off topic area that's a distraction when the commentary was posted.
Note: chat logs saved (timestamp) from Québec, Canada in eastern daylight time
Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body/wide range bar analysis)
Price Action Trading
@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
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