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, WRBs, WRB Hidden GAPs, WRB Zone, WRB/WRB Hidden GAP profit targets, Key Market Events, Reaction Highs/Lows, Expanding Volatility, WRB Zone, R area of WRB Zone, S area of WRB Zone) 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.
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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 to the chat room participation rule involves those traders that are actively posting elsewhere at TheStrategyLab.com (e.g. DOKs at their support forum in the public area or within their private threads)...these traders are then allowed to not participate in the chat room if that's what they prefer to do instead of asking for help with real-time WRB Analysis.
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
Attachment:
100614-Key-Price-Action-Markets.png [ 1.42 MiB | Viewed 348 times ]
click on the above image to view today's price action of key markets
Session Start: Mon Oct 06 07:54:20 2014
Session Ident: ##TheStrategyLab
[07:54:20] * Now talking in ##TheStrategyLab
[07:54:20] * 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'
[07:54:20] * Set by wrbtrader on Tue Feb 05 08:11:19
[07:54:22] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:27:40] <Tigerman__>
all[09:28:00] <MattyR>
[09:28:59] <Leopard70______>
[09:31:29] <tradermo> short iwm 109.85
[09:32:44] <jpan> 29.75s
[09:33:46] <jpan> 34.25 out
[09:35:10] <Tigerman__> sh iwm 109.97
[09:35:49] <Tigerman__> exit all 109.93 +4tk
[09:37:46] <tradermo> stop to breakeven 109.85
[09:40:19] <tradermo> exit all iwm 109.85
[09:40:47] <tradermo> tf a bit wild today
[09:42:47] <jpan> 35.5s light
[09:44:58] <tradermo> short iwm 109.90
[09:45:15] <jpan> reversed
[09:45:19] <jpan> 39l
[09:51:10] <tradermo> stop to breakeven 109.90
[09:51:21] <tradermo> exit all iwm 109.90
[09:51:56] <jpan> 35.5l add
[09:55:36] <jpan> 32 stop
[10:01:51] <jimfenster> mornin
[10:20:37] <wrbtrader> Shorts Emini TF @ 1096.00 -> small size
[10:20:47] <wrbtrader> 3 contracts
[10:26:02] <wrbtrader> WRB pt1
[10:27:24] <wrbtrader> Covered all Emini TF Short @ 1095.00 --> + 1
[10:49:10] <wrbtrader> Still an ugly looking price action today for the Emini futures
[10:49:41] <Tigerman__> sh iwm 109.27
[10:50:00] <wrbtrader> Shorts Emini TF @ 1094.70 -> small size
[10:50:14] <Tigerman__> exit 1/2 iwm 109.17 +10tk
[10:50:17] <wrbtrader> 3 contracts
[10:50:31] <wrbtrader> trade error but will hold
[10:50:50] <wrbtrader> volatility is increasing...reason why I held
[10:52:05] <wrbtrader> Covered all Emini TF Short @ 1094.30 --> + 0.4
[10:55:02] <wrbtrader> Shorts Emini TF @ 1093.10 -> medium size
[10:55:37] <wrbtrader> geeesh
[10:55:39] <wrbtrader>
[10:56:22] <wrbtrader> Its not that crazy chop but it "feels" like its going to start doing that strange chop again
[10:57:08] <Tigerman__> short iwm 109.03 add
[10:57:46] <wrbtrader> Covered all Emini TF Short @ 1092.90 --> + 0.2
[10:58:09] <wrbtrader> I'm going to try to re-short this at a higher price
[10:58:37] <wrbtrader> Shorts Emini TF @ 1093.40 -> large size
[10:58:51] <wrbtrader> rolled the dice on the position size
[10:59:02] <wrbtrader> not doing well
[10:59:02] <Tigerman__> exit all iwm 109.03 +0
[10:59:16] <Tigerman__> for my add short
[10:59:25] <wrbtrader> 6 contracts
[10:59:56] <wrbtrader> usually I'm not this heavy in low volatility price action like this
[11:00:20] <Tigerman__> exit remainder previous short at 109.03 +24tk
[11:01:12] <Tigerman__> short iwm 109.05 re-try
[11:02:51] <Tigerman__> exit all iwm 109.12 -7tk
[11:02:52] <wrbtrader> Covered all Emini TF Short @ 1094.60 --> - 1.2
[11:02:58] <wrbtrader> volatility increasing
[11:21:33] <wrbtrader> volatility increasing again
[11:21:42] <wrbtrader> Overall volatility still low
[11:23:38] <wrbtrader> Range bound too
[11:24:05] <wrbtrader> In the recent past...soon after this type of volatility in a range bound price action...
[11:24:15] <wrbtrader> That strange chop would start to show up
[11:24:49] <wrbtrader> Shorts Emini TF @ 1093.40 -> large size
[11:28:49] <wrbtrader> starting to feel like its going to be a "churn trade"
[11:28:57] <wrbtrader> chop starting to show up
[11:33:43] <wrbtrader> Covered 1/2 Emini TF Short @ 1093.20 --> + 0.2
[11:33:53] <wrbtrader> Covered Remainder Emini TF Short @ 1093.30 --> + 0.1
[11:35:24] <wrbtrader> Shorts Emini TF @ 1093.00 -> large size
[11:35:36] <wrbtrader> re-entry
[11:36:31] <wrbtrader> starting to smell like that strange chop is showing its face again
[11:39:10] <Tigerman__> take care all
[11:39:10] <wrbtrader> not getting anywhere with this now
[11:40:03] <wrbtrader> WRB pt1 reached
[11:40:10] <wrbtrader> increasing volatility
[11:41:32] <wrbtrader> Covered 2/3 Emini TF Short @ 1090.70 --> + 2.3
[11:42:23] <wrbtrader> Covered Remainder Emini TF Short @ 1090.60 --> + 2.4
[11:45:03] <tradermo> long ym 16905
[12:01:55] <tradermo> exit all ym 16899
[12:02:17] <tradermo> hate to get out, but too weak for my taste
[12:18:32] <tradermo> short ym 16907
[12:19:14] <tradermo> weakness in ym visible in 2min wrb hgs
[12:19:23] <tradermo> a bit surprising though
[12:22:52] <tradermo> es 1951 still a possible target if we dont move higher quickly
[12:25:14] <tradermo> stop to breakeven 16907
[12:39:54] <tradermo> exit all ym 16975
[13:42:42] <tradermo> long iwm 109.26
[13:43:26] <tradermo> tight stop 109.05
[13:43:57] <tradermo> es 1958 is key level from previous days
[13:55:21] <tradermo> stop to breakeven 109.26
[13:57:30] <tradermo> exit all iwm 109.26
[14:19:16] <tradermo> long iwm 109.26
[14:19:43] <tradermo> stop 109.05
[14:19:49] <tradermo> same trade as before
[14:20:26] <tradermo> estop to breakeven 109.26
[14:21:15] <tradermo> some buying from big guys - good
[14:25:15] <tradermo> exit half iwm 109.47
[14:26:16] <wrbtrader> Long Emini TF @ 1097.40 -> small size
[14:26:31] <wrbtrader> 2 contracts
[14:27:18] <tradermo> careful, small guys on board too, might need to shake them out
[14:28:22] <wrbtrader> I'm one of the small guys on board
[14:28:33] <tradermo> me too
[14:28:41] <wrbtrader> near the R area of the most recent Up WRB Hidden GAP
[14:29:33] <tradermo> unfortunately the trade location is too obvious
[14:29:54] <wrbtrader> Yep and volatility has been spotty today
[14:29:55] <tradermo> also the ma guys hopped on board
[14:30:10] <wrbtrader> This will ONLY go higher if volatility shows up
[14:31:13] <wrbtrader> contracting volatility is OK but only if it does it via increasing prices
[14:33:45] <wrbtrader> Exited Emini TF Long @ 1097.50 --> + 0.1
[14:34:36] <wrbtrader> I took that small profit because volatility was "too low" and it was a WRB pt1 (shallow) reached due to the prior intervals being too small
[14:37:23] <tradermo> looking for spike to get out
[14:37:53] <wrbtrader> I'm now expecting a volatility spike...its been contracted too long now
[14:38:32] <wrbtrader> Long Emini TF @ 1097.20 -> small size
[14:38:43] <wrbtrader> re-entry
[14:38:48] <wrbtrader> 2 contracts
[14:40:05] <wrbtrader> tightning stop/loss
[14:41:09] <wrbtrader> increasing volatility
[14:41:14] <wrbtrader> pushing prices lower
[14:41:31] <wrbtrader> still NO volatility spike
[14:42:02] <wrbtrader> Exited all Emini TF Long @ 1096.20 --> - 1
[14:42:40] <wrbtrader> S area of the Up WRB Hidden GAP interval retested
[14:42:53] <wrbtrader> tested via a WRB
[14:43:32] <tradermo> some small guys jumped ship
[14:44:20] <wrbtrader> Long Emini TF @ 1096.50 -> small size
[14:44:26] <wrbtrader> 3 contracts
[14:48:35] <wrbtrader> Exited all Emini TF Long @ 1096.80 --> + 0.3
[14:48:55] <wrbtrader> it tried hard but couldn't stay above the retest of the R area
[15:01:45] <tradermo> exit rem iwm 109.26
[15:02:42] <tradermo> now broke below r area
[15:10:26] <wrbtrader> Take care all and see all tomorrow
[15:34:10] <tradermo> long ym 19020
[15:34:34] <tradermo> tight stop 16909
[15:38:36] <tradermo> stop to breakeven 16920
[15:41:14] <tradermo> exit all ym 16920
Session Close: Mon Oct 06 17:08:19 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 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
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