##TheStrategyLab Price Action Chat Room Logs

Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
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 chat room is is primarily designed for you to use as a trade journal of your WRB Analysis or real-time trades with time stamp archive....giving you a better understanding of your broker statements from one trade to the next trade when you review your 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 to correlate with your broker statements. Therefore, the usefulness of ##TheStrategyLab chat room is determined via your participation in the chat room.

Also, ##TheStrategyLab chat room is not designed to be educational. Simply, members using the chat room are not there to teach you how to trade and you will not see me discussing the reasons (strategies) behind my trades within ##TheStrategyLab chat room because those reasons (strategies) are only discussed with fee-base clients in a different chat room. Yet, if you want ##TheStrategyLab chat room to be educational or more active in discussing whatever it is that you're trading, we highly recommend that you ask trading related questions about your own trading instead of lurking (not saying anything) because your primary purpose is to improve your trading if you're a struggling trader. Therefore, don't join ##TheStrategyLab and then be silent. To be silent while using ##TheStrategyLab chat room, you'll be wasting a collaboration opportunity for improving your trading and doing such will make ##TheStrategyLab chat room useless to you.


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 qualify for access to our free ##TheStrategyLab chat room that's located on the Freenode IRC network...please follow the instructions at 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

Session Start: Wed Apr 09 09:23:04 2014
Session Ident: ##TheStrategyLab
[09:23:04] * Now talking in ##TheStrategyLab
[09:23:04] * 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'
[09:23:04] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:23:04] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:25:06] <wrbtrader> Key Market Events Today @ 1000am, 1030am, 1300pm and 1900pm est
[09:29:19] <TigermanTrader> all
[09:34:08] <TigermanTrader> hi wrbtrader I have also a FED event at 1400pm
[09:37:19] <wrbtrader> Yes...that too
[09:38:34] <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.
[09:39:08] <@wrbtrader> Emini NQ futures price action looks ugly...
[09:39:17] <@wrbtrader> Other Eminis not so pretty too
[09:40:17] <TigermanTrader> yep a swamp I prefer avoid
[09:40:27] <TigermanTrader> muddy
[09:42:56] <@wrbtrader> nothing so far except junk
[09:43:24] <@wrbtrader> Even Light Crude Oil CL futures and Gold GC futures not doing anything.
[09:43:35] <@wrbtrader> All key markets in a low volatility price action
[09:56:02] <TigermanTrader> NQ recover from previous fall
[10:01:03] <@wrbtrader> Shorts Emini TF @ 1144.20 -> large size
[10:01:37] <@wrbtrader> 2+3+2 contracts
[10:02:11] <@wrbtrader> This price action is very similar like yesterday in that "strange chop"
[10:03:02] <@wrbtrader> Yesterday was the worst they to try a position hold in Emini TF futures
[10:15:06] <@wrbtrader> Covered Emini TF Short @ 1139.70 --> + 4.5
[10:15:10] <@wrbtrader> Holding 3 contract remainders
[10:16:20] <@wrbtrader>
[10:17:00] <@wrbtrader> Emini NQ spiking upwards...trying to bring Emini TF along for the ride
[10:20:14] <@wrbtrader> Covered Remainder Emini TF Short @ 1143.70 --> + 0.5
[10:20:44] <@wrbtrader> volatility still increasing in Emini NQ futures
[10:26:33] <@wrbtrader> Shorts Emini TF @ 1144.10 -> small size
[10:26:45] <@wrbtrader> 3 contracts
[10:26:52] <@wrbtrader> re-entry
[10:29:36] <tradermo> long nq 3551
[10:30:22] <@wrbtrader> Covered all Emini TF Short @ 1143.90 --> + 0.2
[10:30:54] <@wrbtrader> If I had known it was going to spike like that...
[10:31:04] <@wrbtrader> I would have just done a position reversal
[10:31:17] <@wrbtrader> strange chop again
[10:32:07] <@wrbtrader> Long Emini TF @ 1145.20 -> small size
[10:32:19] <@wrbtrader> 3 contracts
[10:43:21] <tradermo> away for a bit - keeping stop at 3541.25 - upside potential is there but low volume
[10:47:31] <@wrbtrader> Exited all Emini TF Long @ 1143.40 --> - 1.8
[10:48:11] <@wrbtrader> Shorts Emini TF @ 1143.00 -> small size
[10:48:26] <@wrbtrader> 3 contracts
[10:48:36] <@wrbtrader> volatility increasing fast
[10:49:21] <@wrbtrader> Chop so far the past two days...it chases the volatility and does those scary snap back in the price action
[10:49:41] <@wrbtrader> snap back right now in the Eminis
[10:52:03] <TigermanTrader> today terrible action
[10:52:12] <TigermanTrader> more I trade more I loss
[10:52:44] <TigermanTrader> just testing various things with ultra small size
[10:53:00] <TigermanTrader> nothing to do no good trading context
[10:54:36] <@wrbtrader> We need some "Marvel Super Heroes" to help out with today's trading session...geesh
[10:54:49] <@wrbtrader> "Cardiac Chop"
[10:58:33] <@wrbtrader> Covered all Emini TF Short @ 1142.70 --> + 0.3
[11:13:09] <@wrbtrader> I hope this "strange choppy" price action the past 2 days is NOT related to today's 2pm FED Meeting Minutes
[11:13:28] <@wrbtrader> If so, the FED is up to something
[11:15:30] <TigermanTrader> ummm I noted in past months this kind of choppy and indecision in FED days
[11:16:24] <TigermanTrader> wrbtrader any idea of what boil in FED?
[11:16:51] <TigermanTrader> maybe they do another BIG QE
[11:18:12] <@wrbtrader> Yep
[11:46:18] <TigermanTrader> I keep my energy for FED news later
[11:51:55] <@wrbtrader> Long Emini TF @ 1145.60 -> small size
[11:52:08] <@wrbtrader> 1 contract
[11:54:48] <@wrbtrader> Exited Emini TF Long @ 1145.30 --> - 0.3
[11:55:29] <TigermanTrader> see all later for FED
[11:57:30] <@wrbtrader> Long Emini TF @ 1145.340 -> small size
[11:57:39] <@wrbtrader> correction
[11:59:40] <@wrbtrader> Long Emini TF @ 1145.40 -> small size
[11:59:47] <@wrbtrader> 2 contracts
[12:05:24] <@wrbtrader> Exited all Emini TF Long @ 1145.50 --> + 0.1
[12:23:45] <tradermo> exit nq 3558
[13:58:47] <TigermanTrader> hi all good afternoon
[13:59:04] <TigermanTrader> I need a strong move now
[13:59:23] <TigermanTrader> let see what Fed do
[13:59:50] <TigermanTrader> meanwhile CL near his high
[14:04:54] <@wrbtrader> Long Emini ES futures @ 1856.25 large size 25 contracts
[14:05:10] <@wrbtrader> Long Emini TF @ 1150.20 -> medium size
[14:05:24] <@wrbtrader> 4 contracts
[14:09:41] <@wrbtrader> Exited all Emini TF Long @ 1154.20 --> + 4
[14:10:00] <@wrbtrader> Exit all Emini ES futures @ 1859.25 +3.00
[14:10:51] <@wrbtrader> Yeah...now we know the reason for all that "strange chop" the past two trading days.
[14:18:26] <@wrbtrader> Long Emini TF @ 1154.50 -> small size
[14:18:51] <@wrbtrader> 2 contracts
[14:19:35] <@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.
[14:25:24] <@wrbtrader> Exited all Emini TF Long @ 1154.70 --> + 0.2
[14:25:30] <@wrbtrader>
[14:25:47] <@wrbtrader> too much volatiity contraction for me
[14:27:12] <TigermanTrader> yeah now contracting at high
[14:28:12] <TigermanTrader> wow this run up help to recover my too impulsive morning
[14:28:40] <TigermanTrader> now I too scared too enter
[14:29:02] <TigermanTrader> just my fast entry and exit cost me a lot in commissions
[14:33:14] <TigermanTrader> NQ and ES still grown up while TF seems set a floor at 1155
[14:39:14] <@wrbtrader> The chop is back
[14:43:47] <TigermanTrader> yeah party is over, big guys bought a lot x now
[14:44:18] <TigermanTrader> we ll see what happen on rush hour late
[15:22:07] <@wrbtrader> Long Emini TF @ 1154.80 -> small size
[15:22:25] <@wrbtrader> late entry
[15:22:38] <@wrbtrader> 2+1 contracts
[15:22:57] <@wrbtrader> trade signal @ 1153.90
[15:23:36] <@wrbtrader> was watching QQQ (Emini NQ futures) too much
[15:25:38] <@wrbtrader> Exited all Emini TF Long @ 1153.70 --> - 1.1
[15:30:21] <@wrbtrader> Long Emini TF @ 1153.80 -> medium size
[15:30:30] <@wrbtrader> 4 contracts
[15:30:34] <@wrbtrader> re-entry
[15:31:43] <@wrbtrader> snap back
[15:31:50] <@wrbtrader> or strange chop again
[15:32:23] <@wrbtrader> WRB Analysis -> - Chat room for day traders, swing traders, position traders using concepts from WRB Analysis such as contracting volatility, key market event (KME), reaction high/low, WRB, WRB Hidden GAP, WRB Zone, WRB pt levels to help improve understanding of the price action their trading and/or improve the performance of their trade signal strategies while price action trading. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718 or http://www.twileshare.com/user/wrbtrader
[15:42:34] <@wrbtrader> Exited all Emini TF Long @ 1154.60 --> + 0.8
[15:43:18] <@wrbtrader> trail stop pick pocketed
[15:43:37] <@wrbtrader> Long Emini TF @ 1154.60 -> medium size
[15:43:44] <@wrbtrader> re-entry
[15:48:27] <@wrbtrader> Exited 3/4 Emini TF Long @ 1155.60 --> + 1
[15:48:30] <@wrbtrader> WRB pt1 reached
[15:56:55] <@wrbtrader> volatility slowly increasing into the 4pm est rush hour traffic
[15:57:20] <@wrbtrader> WRB pt2 reached
[16:00:05] <@wrbtrader> Exited Remainder Emini TF Long @ 1156.40 --> + 1.8
[16:00:22] <@wrbtrader> Take care and see all tomorrow
[16:07:54] <TigermanTrader> take care aal c u next time
Session Close: Wed Apr 09 20:45:25 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:

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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