##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, 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.


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: Mon Dec 29 09:26:07 2014
Session Ident: ##TheStrategyLab
[09:26:07] * Now talking in ##TheStrategyLab
[09:26:07] -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
[09:26:11] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:08] <@wrbtrader> Good morning all
[09:31:54] <Lightenup> Good morning
[09:33:30] <Volker_>
[09:34:26] <Trader_Uy> GM
[09:37:34] <Trader_Uy> huge WRB
[09:38:21] <@wrbtrader> Long Emini TF @ 1217.10 -> medium size
[09:38:29] <@wrbtrader> 4 contracts
[09:39:43] <@wrbtrader> Exited all Emini TF Long @ 1217.60 --> + 0.5
[09:40:10] <Trader_Uy> Mark was this trade on a zone type that is not on chapter 1-4?
[09:40:55] <@wrbtrader> no fill @ 1218.00
[09:42:24] <@wrbtrader> Long Emini TF @ 1219.20 -> small size
[09:42:59] <@wrbtrader> Trader Uy...Zones via RT200 price action and Zones not via chapters 1 - 4
[09:43:12] <@wrbtrader> 2 contracts
[09:43:28] <@wrbtrader> That no fill was strange
[09:44:07] <Trader_Uy> rt 200?
[09:44:27] <@wrbtrader> Exited all Emini TF Long @ 1219.20 --> 0
[09:46:09] <Lightenup> Sold Dow @ 17999
[09:46:22] <@wrbtrader> RT200 is a Russell index
[09:46:49] <Lightenup> Flat Dow @ 1798 +1
[09:48:23] <Lightenup> Trading platform froze Tried to get out at +7 but could not
[09:48:37] <Trader_Uy> Ok havent heard of rt200 before
[09:49:25] <@wrbtrader> Whom ever is your data vendor...just look up their list of Russell indices
[09:49:53] <Trader_Uy> iqfeed but its not on the list.. maybe I have to add it manually
[09:50:26] <Volker_> It's called Russell Top 200 Index
[09:50:33] <@wrbtrader> Call them and ask them if you're using their list properly
[09:50:41] <@wrbtrader> Its a common Russell Index
[09:51:44] * mtntrader (~mtntrader@76.25.5.217) has joined ##TheStrategyLab
[09:52:36] <Trader_Uy> Its nice we can use other correlated instrument to detect the Zones when we are in no mans land on our main instruement
[09:55:00] <@wrbtrader> its my primary way of trading
[09:55:08] <@wrbtrader> Its called "sister trading"
[09:56:12] <@wrbtrader> using Zones or trade signals from other highly correlated price actions to help trade whatever we are trading
[09:56:34] <@wrbtrader> results in "more trade opportunities" versus only using just the trading instrument we're trading
[09:56:42] <Trader_Uy> it may take ages to me.. I take a lot of time to detect just ONE zone on the TF charts (1min, 2min, min and 5min) so imagine moving to detect zones at his sisters, brothers monthers and fathers :D
[09:57:16] <@wrbtrader> Just stay with the known indices of your trading instrument to keep it simple
[09:57:30] <@wrbtrader> If you go outside of that...then things get complicated very fast
[09:57:51] * Lightenup (~Lightenup@1.46.98.185) has joined ##TheStrategyLab
[09:58:21] <Trader_Uy> I was thinking if for russell we use also RUT, RT200, and iwm for example.. wouldt this means we will have zones everywhere almost always?
[09:58:43] <@wrbtrader> No via the prior discussions I stated before
[09:58:50] <Trader_Uy> also RVX
[09:59:12] <@wrbtrader> Tough to qualify as a WRB Zone
[09:59:21] <@wrbtrader> Then when it qualifies...doesn't last too long
[10:00:31] <@wrbtrader> Just remember this...most folks say "its hard to find a Zone"
[10:00:47] <@wrbtrader> Therefore, obviously they aren't everywhere nor always
[10:02:12] <Trader_Uy> just to know.. do you use your eye only to detect the zones or you have a personal software that does the job for you?
[10:02:22] <@wrbtrader> Visual only
[10:03:15] <@wrbtrader> Yet, there's a list in the free study guide with resources where traders can search for codes of WRB, WRB Hidden GAPs and Chapter 2
[10:03:37] <@wrbtrader> I don't use them but others may...which is the reason why I list them
[10:04:02] <@wrbtrader> Yet, it may require you the change software
[10:04:04] <Trader_Uy> yes.. I coded chapt 1 already.. chapt 2 is harder cause its KME related so I have to coded in news streaming on it
[10:04:44] <@wrbtrader> No KME's today unless breaking news show up
[10:05:12] <Trader_Uy> Im considering code chapt 4 zones ( I guess I cant say more about this on this chatroom)
[10:05:40] <@wrbtrader> That's what Skype is for
[10:06:18] <@wrbtrader> Gold GC futures in a strong continuation southward price action
[10:06:26] * mmm_ (4c5ae353@gateway/web/freenode/ip.76.90.227.83) has joined ##TheStrategyLab
[10:06:53] <@wrbtrader> Seems like key markets are doing their own thing...not many price action in sync with each other
[10:07:51] * Racer_X____ (~Racer_X@LTVLPQ0403W-LP140-04-1279494384.dsl.bell.ca) has joined ##TheStrategyLab
[10:08:33] <@wrbtrader> U.S. Stocks Fluctuate After Records Amid Greek Elections (Bloomberg) @ http://www.bloomberg.com/news/2014-12-2 ... rally.html
[10:10:29] <@wrbtrader> volatility very low now in the Emini futures
[10:10:46] <@wrbtrader> Gold GC futures trying hard to find some legs to stand up on after that big price drop
[10:10:59] <@wrbtrader> Crude Oil CL futures not doing much
[10:11:17] -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
[10:11:17] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[10:11:38] * wrbtrader_away: You're not a channel operator
[10:12:37] <Trader_Uy> RT200 index is from the VSE exchange?
[10:12:40] <wrbtrader_away> Note - Freenode server of IRC seems to be having some connection problems...it did the same the past Christmas holiday (strange)
[10:13:58] <wrbtrader_away> Never heard of VSE Exchange except for Vancouver Stock Exchange
[10:14:14] * mmm_ (4c5ae353@gateway/web/freenode/ip.76.90.227.83) has joined ##TheStrategyLab
[10:14:24] <Trader_Uy> Virtual Stock Exchange
[10:15:01] <wrbtrader_away>
[10:15:34] <Trader_Uy> basically I need to know what exchange is the indez located
[10:15:58] <wrbtrader_away> Same as RUT
[10:16:24] <wrbtrader_away> I have no way of knowing how your data vendor list them because I do not use your data vendor
[10:16:45] <wrbtrader_away> That's why I highly recommend you call them or email them
[10:17:18] <Trader_Uy> I called them.. they told me too add it manually and explained me how but they dont know where the index is located at
[10:17:35] <wrbtrader_away>
[10:17:40] <Trader_Uy> it cboe, Ice etc
[10:17:49] <wrbtrader_away> did you try Google search for iqfeed
[10:18:03] <Trader_Uy> yes but I still cant find that info
[10:19:01] <Trader_Uy> I guess it might be CBOE
[10:22:02] <wrbtrader_away> iqfeed is known to NOT have a lot of indices
[10:22:07] <wrbtrader_away> maybe it just doesn't have it
[10:22:37] <Trader_Uy> they do.. I have it on my chart now
[10:22:49] <wrbtrader_away> what exchange did it list it
[10:22:59] * wrbtrader_away is now known as wrbtrader
[10:23:19] <Trader_Uy> amex
[10:25:11] <wrbtrader> Shorts Emini TF @ 1216.20 -> small size
[10:25:22] * CaydenV (CaydenV@cpe-104-173-21-187.socal.res.rr.com) has joined ##TheStrategyLab
[10:25:26] <Trader_Uy> the thing is the RT200 is tracked by an ETF (ishares Russell Top 200 Index) >> IWL
[10:25:38] <wrbtrader> Gold Drops in New York Amid Waning Investor Demand (Bloomberg) @ http://www.bloomberg.com/news/2014-12-2 ... ances.html
01[10:25:54] <wrbtrader> 3 contracts
[10:27:11] <TradeSnake______> Short YM @ 18000
[10:27:55] <wrbtrader> Emini TF volatility getting tighter
[10:28:11] <wrbtrader> tightning my stoploss just in case this thing pops
[10:33:44] <wrbtrader> volatility still declining overall in the Emini futures
[10:34:13] <wrbtrader> Gold GC futures still struggling...more effort going lower instead of mounting a retracement back upwards
[10:35:10] <wrbtrader> Many different markets, indices not in sync at all right now
[10:35:28] <wrbtrader> Everybody seems to be doing their own thing = difficult trading conditions
[10:35:41] <wrbtrader> Covered all Emini TF Short @ 1216.10 --> + 0.1
[10:39:08] * mmm___ (~mmm@cpe-76-90-227-83.socal.res.rr.com) has joined ##TheStrategyLab
[10:40:25] <wrbtrader> Eurex BUND still rising
[10:40:38] <wrbtrader> most likely due to those elections KME
[10:41:23] <wrbtrader> Shorts Emini TF @ 1215.60 -> small size
[10:41:31] <wrbtrader> 2+1 contracts
[10:41:48] <wrbtrader> TF trying hard to get some volatility in its movement
[10:42:41] <wrbtrader> re-entry this trade
[10:44:02] <wrbtrader> snap back after the volatility spike attempt
[10:44:11] <wrbtrader> in Emini TF futures
[10:45:05] <wrbtrader> Looks like a day that lack institutional trading involvement
[10:47:08] <wrbtrader> Covered all Emini TF Short @ 1215.00 --> + 0.6
[10:47:36] <wrbtrader> early exit...was looking for a WRB pt2 and I don't think it'll get there
[10:48:19] <wrbtrader> too much contraction in the volatility for the Emini futures while other key markets are increasing in volatility
[10:50:45] <CaydenV> aem
[10:51:24] <CaydenV> excuse me - wrong key board- good morning
[10:55:03] <wrbtrader> 0,3 Long Emini TF @ 1216.60 -> small size 
[10:55:21] <wrbtrader> 1+1 contracts
[10:55:55] <wrbtrader>
[10:59:22] <TradeSnake______> Flat YM @18009 --> -9
[10:59:59] <wrbtrader> Exited all Emini TF Long @ 1217.10 --> + 0.5
[11:00:16] <wrbtrader> shallow WRB pt1 reached
[11:09:39] <wrbtrader> Hindsight...regret not Short Gold GC futures around 0944am est
[11:18:50] <mmm___> Long 1 TF 1216
[11:23:36] <@wrbtrader> Shorts Gold GC @ 1180.30 -> small size
[11:23:55] <@wrbtrader> 3 contracts
[11:28:10] <@wrbtrader> WRB pt1 reached
[11:28:28] <@wrbtrader> Covered all Gold GC Short @ 1179.20 --> + 1.1
[11:29:21] <@wrbtrader> Silver SI and Gold GC futures insync in their volatility movements...a lot easier to trade when other markets supporting each other
[11:29:58] <@wrbtrader> In contrast, Eminis struggling with their volatility movements
[11:32:43] <@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.
[11:51:51] <mmm___> Covered TF at 1216.5 +.5
[12:17:24] <@wrbtrader> Huge volatility spike in Crude Oil CL futures
[12:31:05] <mmm___> Oil couldn't push up through the WRB HG from 12:16est and sold off nicely
[12:34:46] <mmm___> Gold just touched the bottom of the WRB HG at 1183.1 at 10:40est and sold off very nicely. I'm watching both markets for shorting opportunities in those same WRB HG areas.
[12:44:21] <mmm___> I hope I'm not chatting too much.
[12:51:52] <mmm___> Short gc 1183
[12:59:22] <Trader_Uy> wow you got filled at 1183?
[13:00:38] <mmm___> I was a little late with my post.
[13:01:33] <mmm___> Price spiked to 1183.9
[13:02:48] <@wrbtrader> Bloomberg -> Oil Falls to 5-Year Low as Supply Glut Seen Lingering @ http://www.bloomberg.com/news/2014-12-2 ... tanks.html
[13:06:18] <mmm___> Covered short at 1181.9 +1.1
[13:06:32] <mmm___> Short GC
[13:17:22] * TradeSnake______ (~TradeSnak@ip68-106-39-74.ph.ph.cox.net) has joined ##TheStrategyLab
[13:28:42] * TradeSnake______ (~TradeSnak@ip68-106-39-74.ph.ph.cox.net) has joined ##TheStrategyLab
[14:01:52] <mmm___> In TF 1213.2 is bottom of the WRB HG from 9:30est. It also happens to be the Globex opening price level. If we get down there I'm looking to fade the gap. If I get a signal.
[14:24:50] <mmm___> I missed my entry.
[15:07:30] <@wrbtrader> 1,4 WRB Analysis -> 8,2 - 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
[15:34:00] * mtntrader (~mtntrader@76.25.5.217) has joined ##TheStrategyLab
[15:59:43] <@wrbtrader> Long Gold GC @ 1216.20 -> small size
[16:00:01] <@wrbtrader> 3 contracts
[16:01:08] <mtntrader> Gold?
[16:01:12] <@wrbtrader> Exited 2/3 Gold GC Long @ 1217.10 --> + 0.9
[16:01:37] <Volker_> Gold? My GC trades @ 1184.1
[16:01:44] <Trader_Uy> thats TF
[16:01:58] <@wrbtrader> exiting near the most recent reaction high of 1545pm est for Emini TF
[16:02:08] <Trader_Uy> might havents changed the script
[16:02:09] <@wrbtrader> Yeah...its Emini TF futures
[16:02:20] <@wrbtrader> script still stuck on Gold GC futures
[16:02:49] <mtntrader> No problem -- figured it out pretty quickly.
[16:02:53] <@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.
[16:03:13] <@wrbtrader> I was hoping for more volatility into the 4pm est rush hour traffice...didn't happen
[16:03:34] <@wrbtrader> Looks like just enough volatility to retest that most recent reaction high
[16:05:31] <@wrbtrader> Overall...a quiet boring trading day.
[16:07:06] <Volker_> FDAX (earlier) was more exciting (Greece action)...
[16:07:28] <mmm___> Did you trade the FDAX today?
[16:07:51] <Volker_> yes, that's my home market...
[16:09:10] <mmm___> Nice, I've traded it before and would like to do so again. Almost always very active--great extended moves.
[16:12:12] <@wrbtrader> Exited Remainder Emini TF Long @ 1217.20 --> + 1
[16:12:35] <@wrbtrader> WRB pt1 reached @ 1217.50 but I wasn't able to grab it
[16:18:58] <@wrbtrader> Take care all and see all tomorrow
[16:19:17] <mmm___> Thank you, see you tomorrow.
[16:20:03] * wrbtrader is now known as wrbtrader_away
[16:20:08] <CaydenV> L8TR
[18:10:38] * mmm___ (~mmm@cpe-76-90-227-83.socal.res.rr.com) has joined ##TheStrategyLab
[18:13:53] * mmm___ (~mmm@cpe-76-90-227-83.socal.res.rr.com) has joined ##TheStrategyLab
[18:47:51] * Trader_Uy (Trader_Uy@r167-60-1-196.dialup.adsl.anteldata.net.uy) has joined ##TheStrategyLab
[20:18:27] * Disconnected
Session Close: Mon Dec 29 20:18:27 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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