Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
Free Chat Room:
http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164Business Hours: 8am - 5pm est (Mon - Fri)
wrbanalysis@gmail.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.
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.
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 ##TheStrategyLab Archive Chat Logs Attachment:
071615-Key-Price-Action-Markets.png [ 1014.68 KiB | Viewed 322 times ]
click on the above image to view today's price action of key markets Session Start: Thu Jul 16 09:22:02 2015
Session Ident: ##TheStrategyLab
[09:22:02] * Now talking in ##TheStrategyLab
[09:22:02] * Topic is 'Chat room for traders that are using concepts from WRB Analysis to help improve their entry signals, initial stop/loss management, profitable trail stops or profit targets. WRB Analysis free study guide @
http://www.thestrategylab.com/tsl/forum ... 119&t=718'[09:22:02] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:22:03] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:24:12] <wrbtrader> Good morning all
[09:24:32] <robbin_banks> hi mr perry
[09:25:37] <wrbtrader> EU Said to Agree On Balance to 7 Billion-Euro Greece Loan (Bloomberg) @
http://www.bloomberg.com/news/articles/ ... reece-loan[09:26:15] <wrbtrader> We learned yesterday that the people of Greece can impact the markets around the world via riots.
[09:33:05] <wrbtrader> Anybody notice how the Greece situation has finally wore down traders
[09:33:34] <robbin_banks> wore me out..
[09:33:40] <wrbtrader> A close friend of mine that's a broker at AMP said trade volume is down 17% since the Greece situation.
[09:34:02] <robbin_banks> wow
[09:34:12] <wrbtrader> A moderator at Elitetrader.com told me that there's a large decrease in post activity since the Greece situation
[09:34:58] <Corner> Too many news driven spikes frustrate traders...
[09:35:08] <wrbtrader> Everything is down...even one of the popular chat rooms on Financial server said they have a 30% decrease in members since Greece situation started
[09:35:24] <wrbtrader> That's the norm when something happens like this in the summer
[09:36:19] <Corner> As a trader you need the bars to the left have an impact on the bars to the right...
[09:36:27] <wrbtrader> It didn't help too that overall the price action has been difficult to trade because of the Greece situation
[09:37:28] <wrbtrader> Next key deadline for Greece is Monday July 20th (a payment)
[09:38:02] <wrbtrader> If they ask for help "again" before July 20th...I expect chaos in the markets
[09:38:39] <Corner> Next thing will be the votings in several European parliaments...
[09:38:56] <wrbtrader> What day is that scheduled
[09:39:24] <Corner> Every country is free to decide...
[09:39:40] <Corner> Should be done by Friday, i guess
[09:40:25] <Corner> All countries have to agree
[09:45:59] <wrbtrader> Long Emini TF futures @ 1269.90 medium size
[09:46:05] <wrbtrader> 4 contracts
[09:47:43] <wrbtrader> Long Emini ES @ 2113.00 -> large size
[09:47:55] <wrbtrader> 10 contracts
[09:50:32] <robbin_banks> wrbtrader..was that a signaled trade?
[09:51:05] <wrbtrader> Exit all Emini TF futures @ 1273.70
[09:52:12] <wrbtrader> Exited all Emini ES Long @ 2114.25 --> + 1.25
[09:53:03] <wrbtrader> Emini TF futures +3.80
[09:58:32] <wrbtrader> Pending 1000am est KME
[10:14:31] <wrbtrader> snapback in the Emini futures
[10:14:51] <wrbtrader> Crude Oil CL futures killed over a few minutes ago
[10:21:08] <wrbtrader> Long Emini TF @ 1271.30 -> small size
[10:21:17] <wrbtrader> 2 contracts
[10:27:17] <wrbtrader> Exited all Emini TF Long @ 1271.70 --> + 0.4
[10:27:53] <wrbtrader> WRB pt1 reached above 1272.40 but it moved too fast and I couldn't grab it
[10:28:33] * ChanServ sets mode: +o wrbtrader
[10:28:46] <@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.
[10:31:16] <@wrbtrader> contracting volatility now in more control in the Emini futures
[10:38:13] <@wrbtrader> Another KME @ 1430pm est
[10:53:19] <@wrbtrader> Long Emini TF @ 1272.20 -> small size
[10:53:39] <@wrbtrader> 1+1 contracts
[10:56:28] <@wrbtrader> Exited all Emini TF Long @ 1272.30 --> + 0.1
[10:56:53] <@wrbtrader> early exit
[10:57:03] <@wrbtrader> be back later (maybe)
[11:20:54] <robbin_banks> long 1 cnt es @ 13.0
[11:21:24] <robbin_banks> sl @ 12.0
[11:26:31] <robbin_banks> exit all es @ 14.0
[11:26:54] <robbin_banks> +1
[11:28:35] <robbin_banks> geez.. nobody wants to come out and play today
[11:29:25] <robbin_banks> wrb pt 1 reached
[12:05:38] <robbin_banks> have a great day everyone
Session Close: Thu Jul 16 13:56:02 2015
-------------------------
##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, Usd/Cad, Xau/Usd and Xag/Usd
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
wrbanalysis@gmail.comGo Back To TheStrategyLab.com Homepage