##TheStrategyLab Price Action Chat Room Logs

Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
Free Trading Room: http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5
Business Hours: 8am - 5pm est (Mon - Fri)
questions@thestrategylab.com (24/7)
http://twitter.com/wrbtrader (24/7)

##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.


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


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: Tue Aug 13 08:03:35 2013
Session Ident: ##TheStrategyLab
[08:03:35] * Now talking in ##TheStrategyLab
[08:03:35] * 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'
[08:03:35] * Set by wrbtrader on Tue Feb 05 08:11:19
[08:03:35] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[08:19:13] <canaandog> good morning
[08:32:53] <wrbtrader> Shorts Emini ES @ 1690.75 -> large size
[08:33:40] <wrbtrader> 15+10 contracts
[08:39:35] <wrbtrader> Covered Emini ES Short @ 1689.50 --> + 1.25
[08:39:40] <wrbtrader> Holding the original 15 contracts
[08:40:13] <wrbtrader> WRB pt1 reached
[08:52:55] <wrbtrader> U.S. Retail Sales Rose in July for 4th Consecutive Month (Bloomberg) @ http://www.bloomberg.com/news/2013-08-1 ... month.html
[09:00:47] <wrbtrader> Covered Remainder Emini ES Short @ 1689.75 --> + 1
[09:11:05] <canaandog> cl downspike
[09:14:21] <canaandog> ack
[09:15:59] <wrbtrader> Shorts Light Crude Oil CL @ 106.02 -> medium size
[09:16:20] <wrbtrader> 2+2 contracts
[09:19:55] <wrbtrader> Shorts Light Crude Oil CL @ 106.05 -> Add
[09:20:14] <wrbtrader> added 4 contracts
[09:20:27] <wrbtrader> total large size position in Crude Oil CL futures
[09:21:15] <wrbtrader> WRB pt1 reached
[09:21:20] <wrbtrader> too slow to grab it
[09:21:47] <wrbtrader> nasty snap back
[09:23:23] <wrbtrader> approaching the R area of the most recent Down WRB Hidden GAP on the 2min chart
[09:23:55] <wrbtrader> volatility contracting now in Crude Oil CL futures
[09:26:11] <wrbtrader> pending regular session open
[09:26:17] <wrbtrader> tightning stoploss protection
[09:27:06] <wrbtrader> Covered 1/2 Light Crude Oil CL Short @ 106.00 --> + 0.05
[09:27:11] <Trendtrader> all
[09:27:57] <@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.
[09:29:16] <Trendtrader> Long Emini TF @ 1052.8
[09:29:19] <Trendtrader> x2
[09:31:40] <@wrbtrader> Covered Remainder Light Crude Oil CL Short @ 105.95 --> + 0.07
[09:31:44] <@wrbtrader> WRB pt1 reached again
[09:34:12] <@wrbtrader> Shorts Light Crude Oil CL @ 106.11 -> large size
[09:34:20] <@wrbtrader> 6 contracts
[09:34:40] <@wrbtrader> didn't hesitate this time like before on the adds in the prior trade
[09:34:57] <@wrbtrader> still basically contracting volatility in Crude Oil CL futures
[09:40:14] <@wrbtrader> Short Emini TF futures @ 1049.50
[09:40:28] <@wrbtrader> 3 contracts
[09:42:54] <@wrbtrader> Cover all Emini TF futures @ 1049.30 +0.20
[09:43:16] <@wrbtrader> had to let go of that Emini TF futures trade...
[09:43:48] <@wrbtrader> for some odd reason I was having problems trying to manage my Crude Oil CL trade while watching the Emini TF trade
[09:44:04] <@wrbtrader> WRB pt1 reached in Crude Oil CL futures
[09:45:12] <@wrbtrader> Covered 1/2 Light Crude Oil CL Short @ 105.92 --> + 0.19
[09:48:02] <squiggles> KME in 12m at 1000 hrs: Business Inventories m/m
[09:48:18] <@wrbtrader> thanks for the reminder
[09:49:05] <@wrbtrader> trailing @ profit in Crude Oil CL futures
[09:49:21] <@wrbtrader> now I can better trade Emini TF futures
[09:49:59] <@wrbtrader> Short Emini TF futures @ 1049.30 small size
[09:50:14] <@wrbtrader> 3 contracts
[09:53:45] <@wrbtrader> Crude Oil CL futures volatility still declining and its basically in a low volatility tight trading range
[09:57:37] <@wrbtrader> Cover all Emini TF futures @ 1048.00 +1.30 (WRB pt1 reached)
[09:57:55] <@wrbtrader> Covered Remainder Light Crude Oil CL Short @ 106.04 --> + 0.07
[10:01:01] <@wrbtrader> now it drops
[10:05:21] <@wrbtrader> Volatility increasing now in many different key markets
[10:32:23] <Trendtrader> Exited all Emini TF Long @ 1044.1 --> - 8.7
[11:06:56] <MattR_> Crude Oil CL Futures stuck just above R area of WRB HG from 10:45-10:48.
[11:32:26] <canaandog> eminis recovered to pre-kme levels
[11:48:06] <MattR_> Crude Oil CL Futures back inside WRB HG from 10:45-10:48.
Session Close: Tue Aug 13 12:10:00 2013

Session Start: Tue Aug 13 12:10:00 2013
Session Ident: ##TheStrategyLab
[12:10:00] * Disconnected
[12:10:13] * Attempting to rejoin channel ##TheStrategyLab
[12:10:20] * Rejoined channel ##TheStrategyLab
[12:10:20] * 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'
[12:10:20] * Set by wrbtrader on Tue Feb 05 08:11:19
[12:10:20] -ChanServ- [##TheStrategyLab] Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[12:10:20] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[12:13:24] <wrbtrader_away> Shorts Gold GC @ 1320.00 -> small size
[12:13:37] <wrbtrader_away> 2+1 contracts
[12:13:45] * wrbtrader_away is now known as wrbtrader
[12:16:41] <@wrbtrader> Covered all Gold GC Short @ 1320.80 --> - 0.8
[12:19:59] <@wrbtrader> Shorts Gold GC @ 1320.00 -> small size
[12:20:08] <@wrbtrader> 3 contracts
[12:20:11] <@wrbtrader> re-entry
[12:27:57] <@wrbtrader> volatility slowly increasing in Gold GC futures
[12:32:27] <@wrbtrader> nice directional price movement in Emini futures since 1205pm est
[12:35:23] <@wrbtrader> oouch
[12:35:51] <@wrbtrader> I'm now looking for a Houdini Escape out of this Gold GC futures short position
[12:36:14] <@wrbtrader> Covered all Gold GC Short @ 1319.70 --> + 0.3
[12:36:24] <@wrbtrader> WRB pt1 (shallow) reached
[12:36:31] <@wrbtrader> bad trade
[12:36:51] <@wrbtrader> will try to jump on any increasing volatility
[12:37:39] <@wrbtrader> Shorts Gold GC @ 1319.40 -> medium size
[12:37:45] <@wrbtrader> increasing volatility
[12:38:26] <@wrbtrader> keeping a closer eye on Emini futures
[12:38:46] <@wrbtrader> a few trade opportunities got by me while in the prior Gold GC positions
[12:49:22] <@wrbtrader> Emini ES helad its ground
[12:49:54] <@wrbtrader> Gold GC futures trying hard to retest the top of the low volatility trading range
[13:15:48] <@wrbtrader> Long Emini ES futures @ 1692.75 large size 10 contracts
[13:22:15] <@wrbtrader> Exit all Emini ES futures @ 1693.25 +0.50
[13:22:30] <@wrbtrader> WRB pt1 (shallow) reached
[13:27:08] <@wrbtrader> another typical tough mid-day trading session
[13:27:32] <@wrbtrader> shallow WRB pt1 targets
[13:29:47] <@wrbtrader> key markets suddenly insync with their volatility surges
[13:48:26] <@wrbtrader> Long Crude Oil CL futures @ 106.62 medium size 4 contracts
[13:49:09] <@wrbtrader> WRB pt1 reached
[13:52:04] <@wrbtrader> Exit all Light Crude Oil CL futures @ 106.74 +0.12
[13:55:58] <@wrbtrader> Covered all Gold GC Short @ 1321.90 --> - 2.5
[13:56:26] <@wrbtrader> Gold GC futures back at the resistance area but looking to get stronger instead of weaker in the prior attempts
[14:01:15] <@wrbtrader> just need one of these trading instruments to do a volatility spike to shake up the markets...
[14:01:32] <@wrbtrader> too much contraction showing up in many different key markets
[14:05:31] <@wrbtrader> Long Gold GC @ 1322.10 -> medium size
[14:05:42] <@wrbtrader> 2+2 contracts
[14:06:02] <@wrbtrader> Crude Oil CL futures spiking again in its volatility
[14:06:28] <@wrbtrader> Emini futures still declining in their volatility
[14:11:30] <@wrbtrader> Long Light Crude Oil CL futures @ 106.88 small size 3 contracts
[14:14:02] * Leopard70_____ was kicked by wrbtrader (Leopard70_____)
[14:16:50] <@wrbtrader> Exit all Light Crude Oil CL futures @ 106.98 +0.10
[14:17:56] <@wrbtrader> WRB pt1 reached for that Light Crude Oil CL futures trade
[14:24:36] <@wrbtrader> volatility slowing increasing in the Emini futures while slowly declining in Gold GC futures and Crude Oil CL futures
[14:25:19] <t4npaper> nearing 230
[15:45:37] <@wrbtrader> Exited all Gold GC Long @ 1321.20 --> - 0.9
[15:51:07] <@wrbtrader> Emini futures still range bound
[15:56:19] <@wrbtrader> Long Emini TF @ 1050.20 -> large size
[15:57:40] <@wrbtrader> Long Emini ES futures @ 1691.50 large size 10 contracts
[15:58:02] <@wrbtrader> Emini TF futures 10 contracts and Emini ES futures 10 contracts
[16:02:15] <@wrbtrader> Exit all Emini ES futures @ 1692.25 +0.75 WRB pt1 reached
[16:05:04] <@wrbtrader> A fizzle of a rush hour traffic
[16:05:17] <@wrbtrader> very little volatility
[16:05:50] <@wrbtrader> Exited all Emini TF Long @ 1050.20 --> 0
[16:27:15] <@wrbtrader> Take care and see all tomorrow
Session Close: Tue Aug 13 18:39:57 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 MHI

Also, 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)
Skype Messenger: kebec2002
intradaystrategies@yahoo.com
questions@thestrategylab.com
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