Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
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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 either one WRB Analysis price action commentary involving any key concept from the free study guide, 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. Exceptions for those that are actively posting via private messages or posting at one of our support forums.
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:
022714-Key-Price-Action-Markets.png [ 902.38 KiB | Viewed 339 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 or private messages) that have been merged together at the end of the trading day. Session Start: Thu Feb 27 09:22:43 2014
Session Ident: ##TheStrategyLab
[09:22:43] * Now talking in ##TheStrategyLab
[09:22:43] * 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'[09:22:43] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:22:43] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:26:06] <TigermanTrader>
![good morning gm](./images/smilies/emoticonhello.gif)
all
[09:26:53] <@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.
[09:31:11] <@wrbtrader> Key Market Events @ 1000am and 1030am est
[09:32:33] <Titus9631> Mr. Perry, I have to thank you...I love this method of trading. Honestly, I haven't had a losing day this entire month!!!
[09:33:23] <MattyR> good work titus!
[09:33:33] <Titus9631> Thanks!]
[09:33:59] <mtntrader> Good to hear, Titus. How long have you been using this methodology?
[09:34:28] <Titus9631> been studying it for about 11 months now
[09:35:22] <Titus9631> been trading live for 9 months so I guess saying a year was incorrect but still...I love it
[09:35:37] <mtntrader> Wow, how long did it take to get used to the strategy?
[09:35:43] <MattyR> long dax 9562
[09:35:46] <MattyR> 1 lot
[09:36:29] <Titus9631> still getting used to it...
![smile :)](./images/smilies/icon_chatsmile.gif)
))) but I only take the trades I'm completely comfortable with
[09:36:48] <mtntrader> Ha, makes sense. Thx
[09:37:03] <Titus9631> there is a lot to the method!
[09:37:38] <MattyR> flat dax 9571 + 9
[09:40:30] <@wrbtrader> Reminder: FED Chairwoman Janet Yellen will be giving a key speach today
[09:41:21] <TigermanTrader> yeah right
[09:42:05] <TigermanTrader> I remember you take care when we are in the mid of a speach
[09:42:50] <TigermanTrader> there is another speach at 10:30 too
[09:42:59] <TigermanTrader> and also gas news
[09:43:46] <@wrbtrader> Long Emini TF @ 1180.20 -> small size
[09:43:56] <@wrbtrader> 3 contracts
[09:44:31] <MattyR> long ES 1844.25 1 contract
[09:44:32] <TigermanTrader> long iwm 117.37
[09:45:23] <@wrbtrader> Exited all Emini TF Long @ 1179.00 --> - 1.2
[09:46:12] <TigermanTrader> exit iwm at 117.41 +4tk
[09:46:28] <MattyR> exit ES -1.5
[09:46:46] <@wrbtrader> Long Emini TF @ 1179.60 -> small size
[09:46:51] <@wrbtrader> 3 contracts
[09:46:56] <@wrbtrader> re-entry
[09:48:39] <TigermanTrader> lg iwm 117.31
[09:48:54] <TigermanTrader> exit iwm 117.33 +2tk
[09:49:09] <TigermanTrader> I always end my trades as scalp
![smile :)](./images/smilies/icon_chatsmile.gif)
[09:49:43] <TigermanTrader> anyway I m not so confidet , too choppy action
[09:50:42] <@wrbtrader> Exited all Emini TF Long @ 1178.20 --> - 1.4
[09:52:20] <@wrbtrader> Shorts Emini TF @ 1177.50 -> large size
[09:52:33] <@wrbtrader> 4+2 contracts
[09:53:24] <TigermanTrader> sh iwm 117.8
[09:53:47] <TigermanTrader> exit iwm 117 8tk
[09:53:51] <@wrbtrader> Covered 1/2 Emini TF Short @ 1176.30 --> + 1.2
[09:53:58] <@wrbtrader> WRB pt1 reached
[09:56:05] <@wrbtrader> Covered Remainder Emini TF Short @ 1177.40 --> + 0.1
[10:00:37] <@wrbtrader> Long Emini TF @ 1179.50 -> small size
[10:00:45] <@wrbtrader> 3 contracts
[10:00:53] <@wrbtrader> choppy price action so far today
[10:01:11] <TigermanTrader> lg iwm 117.37
[10:01:59] <@wrbtrader> Exited all Emini TF Long @ 1180.10 --> + 0.6
[10:02:22] <@wrbtrader> early exit because of the chop...
[10:02:31] <@wrbtrader> I'm hoping for a re-entry at a lower price
[10:02:33] <TigermanTrader> yeah I hate that chop
[10:04:29] <@wrbtrader> Long Emini TF @ 1179.40 -> small size
[10:04:38] <@wrbtrader> 3 contracts
[10:04:40] <@wrbtrader> re-entry
[10:06:23] <@wrbtrader> Exited all Emini TF Long @ 1178.40 --> - 1
[10:06:45] <@wrbtrader> Overall range getting smaller
[10:06:53] <@wrbtrader> volatility slowly declining
[10:08:26] <t4n> seems mor in sync today
[10:11:06] <@wrbtrader> Shorts Emini TF @ 1176.90 -> medium size
[10:11:17] <@wrbtrader> 4 contracts
[10:11:35] <@wrbtrader> intuition
[10:11:58] <@wrbtrader> WRB pt1 reached
[10:13:12] <@wrbtrader> Covered all Emini TF Short @ 1175.30 --> + 1.6
[10:13:57] <@wrbtrader> I'm basically just churning so far (only the broker making money)
[10:15:04] <TigermanTrader> yeah broker making money anytime we enter
[10:16:51] <t4n> GC WRBHG
[10:22:56] <@wrbtrader> Long Emini TF @ 1176.00 -> small size
[10:23:03] <@wrbtrader> 1+2 contracts
[10:23:56] <@wrbtrader> volatility still dropping
[10:25:22] <TigermanTrader> long 117.02
[10:26:00] <TigermanTrader> exit 1/2 wm 117.12 +10 tk
[10:26:00] <@wrbtrader> Exited all Emini TF Long @ 1177.70 --> + 1.7
[10:26:07] <@wrbtrader> WRB pt1 reached
[10:26:23] <t4n> nice
[10:26:44] <@wrbtrader> Due to the earlier chop...I didn't want to attempt a WRB pt2
[10:27:25] <@wrbtrader> I'll just wait to see if a continuation price action develops and then sets up another Long position
[10:27:32] <TigermanTrader> exit all iwm 117.14 +12 tk
[10:40:43] <mtntrader> The NQ seems to be leading the indices today.
[10:55:49] <@wrbtrader> Eminis having a tough time at the top of this range
[11:03:35] <@wrbtrader> Long Emini TF @ 1180.70 -> small size
[11:03:47] <@wrbtrader> 1 contract
[11:05:42] <@wrbtrader> Exited Emini TF Long @ 1181.40 --> + 0.7
[11:14:25] <@wrbtrader> Long Emini ES @ 1848.25 -> large size
[11:14:48] <@wrbtrader> 10 contracts
[11:15:43] <@wrbtrader> Exited all Emini ES Long @ 1848.75 --> + 0.5
[11:16:17] <@wrbtrader> 3 tick chaser because I got my charts mixed up
[11:18:12] <@wrbtrader> I'm now sideline until the price action pulls back a little
[11:36:36] <TigermanTrader> sh iwm 117.58
[11:37:52] <TigermanTrader> exit iwm 117.58
![sad :(](./images/smilies/icon_chatsad.gif)
[11:37:58] <@wrbtrader> Shorts Emini TF @ 1182.40 -> small size
[11:38:03] <TigermanTrader> not enought volatility
[11:38:17] <@wrbtrader> 1 contract
[11:39:12] <TigermanTrader> sh iwm 117.58 re-enter
[11:39:52] <@wrbtrader> volatility is contracted...will result in a small WRB pt1 if profitable
[11:40:45] <@wrbtrader> volatility declining fast
[11:40:51] <@wrbtrader> tighting stop loss protection
[11:41:01] <@wrbtrader> I'm now expecting a volatility spike here soon
[11:41:13] <@wrbtrader> Hopefully it takes price down and not up
[11:45:47] <@wrbtrader> Covered Emini TF Short @ 1182.80 --> - 0.4
[11:46:12] <TigermanTrader> exit iwm 117.62 -4 tk
[11:46:40] <@wrbtrader> Shorts Emini TF @ 1182.40 -> small size
[11:46:48] <@wrbtrader> 1 contract
[11:46:52] <@wrbtrader> re-entry
[11:47:09] <TigermanTrader> sh iwm 117.60
[11:47:22] <TigermanTrader> re-enter again
[11:47:50] <TigermanTrader> CL is continue his run on south
[11:48:00] <@wrbtrader> WRB pt1 (shallow) reached
[11:49:18] <TigermanTrader> exit iwm at 117.50 +10 tk
[11:49:49] <TigermanTrader> not risk someone grab my profit in this low volatility
![smile :)](./images/smilies/icon_chatsmile.gif)
[11:51:10] <@wrbtrader> Covered Emini TF Short @ 1181.70 --> + 0.7
[12:20:07] <TigermanTrader> take care all see all next time
[14:30:14] <@wrbtrader> Shorts Emini TF @ 1182.50 -> small size
[14:30:42] <@wrbtrader> 1 contract
[14:32:12] <@wrbtrader> ##TheStrategyLab Purpose -> -This chat room is for YOU to use as a daily journal of your thoughts or trades involving any key concept from the WRB Analysis free study guide. If you're in here and NOT talking about WRBs, WRB Hidden GAPs, key market events, swing point price actions, strong continuation price actions, WRB Zones...you are not properly using this chat room.
[14:33:39] <@wrbtrader> Shorts Emini TF @ 1183.00 -> Add
[14:33:48] <@wrbtrader> 2 added
[14:34:37] <@wrbtrader> Covered all Emini TF Short @ 1183.10 --> - 0.7
[14:40:04] <@wrbtrader> Shorts Emini TF @ 1183.20 -> small size
[14:40:22] <@wrbtrader> 3 contracts
[14:40:27] <@wrbtrader> re-entry
[14:44:40] <@wrbtrader> WRB pt1 reached
[14:45:59] <@wrbtrader> Covered all Emini TF Short @ 1182.10 --> + 1.1
[14:46:07] <@wrbtrader> WRB pt2 reached
[15:38:57] <@wrbtrader> look at the 15 min chart of the Emini futures
[15:39:18] <@wrbtrader> Essentially its ranging for Emini ES futures for several days now
[15:39:40] <craigaudio2> yeha totally
[15:39:40] <@wrbtrader> Emini TF futures price action for today is stuck inside the range of yesterday's price action
[15:40:02] <craigaudio2> i was thinknig wed have some retreacement by now
[15:40:16] <craigaudio2> but the gap down have been solidly bought in the mornings
[15:40:28] <mtntrader> Maybe tomorrow will get things going.
[15:40:51] <craigaudio2> lets see a selloff tomorrow
[15:40:59] <craigaudio2> turn the weekly red to end the week
[15:41:07] <craigaudio2> then gap down on monday when people running scared
[15:44:13] <mtntrader> From my perception, this style of trading just needs movement. Price action trading without price action is a problem.
[15:49:05] <@wrbtrader> agree
[15:49:59] <craigaudio2> is that the problem with most systems? chop
[15:50:21] <@wrbtrader> chop, noise or whatever
[15:50:54] <@wrbtrader> The issue is that too many traders are not ABLE to recognize when markets are choppy or just price noise...
[15:51:28] <@wrbtrader> They then loose their discipline and start taking trades that aren't valid
[15:52:49] <mtntrader> So, wrbtrader, does this methodology keep you out of the chop?
[15:53:03] <craigaudio2> and you define chop and price noise as? one is directionless the later is merely consolidation before continuation?
[15:54:13] <@wrbtrader> Its "helps" avoid chop and when one is stuck in chop...the trade management "helps" to tell you to get out.
[15:54:54] <@wrbtrader> The worst is when there's a big WRB Hidden GAP and then the price action just goes sideways and continues sideways for long durations
[15:55:08] <@wrbtrader> That type of price action will TEST your discipline
[15:56:41] <@wrbtrader> Long Emini TF @ 1185.10 -> small size
[15:56:55] <@wrbtrader> 2 contracts
[15:57:23] <@wrbtrader> lets see if there is going to be any juice for the 4pm est rush hour traffic
[15:58:30] <@wrbtrader> looks pathetic so far
[15:58:44] <@wrbtrader> trailing @ profit
[15:58:58] <@wrbtrader> WRB pt1 reached
[16:00:39] <@wrbtrader> Exited all Emini TF Long @ 1186.20 --> + 1.1
[16:02:04] <@wrbtrader> too bad I need to go...would have held on to this a little longer to see if it creeped by higher above 1187.00
[16:02:23] <@wrbtrader> Take care all and see all tomorrow
[16:02:34] <craigaudio2> bye wrbtrader
[16:02:41] <craigaudio2> thanks for answering Qs
[16:03:26] <mtntrader> See ya, and thanks.
Session Close: Thu Feb 27 17:42:44 2014
-------------------------
##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:
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
CME Emini Futures EMD, ES and NQ
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
ICE Emini TF Futures (formerly CME ER2)
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
CBOT mini-sized Dow Futures YM
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
Euronext Futures FTSE-100 and CAC-40
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
CME Futures EuroFX 6E and EC
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen and Usd/Cad
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
S&P CNX NIFTY Futures
![Image](http://www.thestrategylab.com/images/OrangeBullet4.png)
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
![Image](http://www.thestrategylab.com/images/twitter_followus1.png)
@
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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