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.
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:
081015-Key-Price-Action-Markets.png [ 1.03 MiB | Viewed 314 times ]
click on the above image to view today's price action of key markets Session Start: Mon Aug 10 09:31:41 2015
Session Ident: ##TheStrategyLab
[09:31:41] * Now talking in ##TheStrategyLab
[09:31:41] * 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'[09:31:41] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:31:42] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/ and if you need to understand (additional info) about the trades posted below by
wrbtrader...please read my
daily trading routine @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=146&t=2136[09:32:34] <wrbtrader> Good morning all
[09:32:47] <lightenup> good morning
[09:32:55] <wrbtrader> Tigerman...I saw your message the other day
[09:32:58] <AndresFX> MORNING
[09:33:06] <AndresFX> GREEN NUMBERS FOR ALL THIS WEEK
[09:33:29] <wrbtrader> Don't worry...Velocity problems barely impacted me.
[09:34:12] <wrbtrader> Late January last year I moved the bulk of my capital into my back up brokers...they also have X_Trader
[09:34:47] <wrbtrader> Actually, many brokers do have it now in comparison to a few years agao
[09:35:38] <Tigerman___>
all
[09:35:40] <lightenup> E mnis seem in sync right now.
[09:35:46] <Tigerman___> Hi wrbtrader
[09:35:53] <Tigerman___> thanks x the answer
[09:36:21] <Tigerman___> I now you used infinity but seems they no have x_trader
[09:36:38] <AndresFX> making wicks
[09:37:00] <Tigerman___> which is your BK broker that has x_trader wrbtrader if I may ask
[09:37:07] <wrbtrader> Tigerman...its all listed in my Daily Routine message post.
[09:37:19] <wrbtrader> Global, Apex, Rjo
[09:37:35] <wrbtrader> Its all discussed in that message post
[09:37:47] <Tigerman___> ah ok good
[09:38:12] <wrbtrader> The post contains info to what I consider to be commonly asked questions
[09:38:40] <Tigerman___> I ll look x 2 things of course 1) financial strenght and 2) good trading platform
[09:38:42] <AndresFX> SHORT NQ
[09:39:32] <Tigerman___> w2hich is interesting in x_trader and Cqg is the fast they have servers near the exchange the market we wanna trade
[09:39:40] <Tigerman___> whereas some broker not
[09:39:45] <wrbtrader> They all eventually go under (bought out, bankrupt or arrested)
[09:40:56] <wrbtrader> Bloomberg too...right next door to the CME and NYSE
[09:41:39] <Tigerman___> yeah latency is important in fast intraday trading expecially x stop placement
[09:41:52] <wrbtrader> Yep
[09:42:20] <Tigerman___> if x example one trade Dax is absurd put the order in NY and then retrasmit that to germany
[09:42:56] <Tigerman___> I mean in case the traders cannot trade direct with a server in germany
[09:43:14] <Tigerman___> x_trader with his net seems do that
[09:44:00] <Tigerman___> up momentum in e-minies
[09:44:06] <AndresV> YES
[09:44:07] <Tigerman___> not big nes today
[09:44:08] <AndresV> NICE RALLY
[09:49:55] <wrbtrader> Last two weeks I've had a lot of shorten trading days
[09:50:04] <wrbtrader> Today looks like another one too
[09:50:34] <AndresV> HEHE
[09:54:31] <TradeSnake______> Long GC @ 1096.0
[09:58:05] <wrbtrader> Emini TF futures now retesting its R area of the most recent Up WRB HG interval 2min chart
[10:03:15] <TradeSnake______> Covered GC @ 1096.2 --> +0.2
[10:11:15] <wrbtrader> Emini TF futures stuck inside the range of that earlier mentioned Up WRB Hidden GAP interval.
[10:11:56] <wrbtrader> As stated many times over the past serveral weeks...not good price action (stuck in those range) to be looking for trades
[10:12:17] <AndresV> ...
[10:12:23] <wrbtrader> Reason why I've been ignoring most trade signals occurring like that
[10:13:50] <AndresV> for nq
[10:13:59] <AndresV> 71 , 72 is hard to push up
[10:14:07] <Tigerman___> yep in my opinion when price stay inside that wrb HG it is difficult get clue for the direction
[10:14:35] <Tigerman___> it is where many loss occured to me
[10:14:52] <Tigerman___> I can do a good example
[10:15:09] <Tigerman___> it is like try to catch a mouse inside a tunne
[10:15:16] <Tigerman___> tunnel
[10:15:48] <Tigerman___> it is better wait the mouse exit in one way or the another ... wait it out side the tunnel
[10:17:56] <wrbtrader> The problem started with the Greece / China fiasco
[10:18:06] <wrbtrader> not sure why
[10:19:19] <Tigerman___> my opinion is there are few investors outhere
[10:19:47] <Tigerman___> simply not strong reason to put money in markets... then
[10:20:15] <Tigerman___> most people not have such a money like in 80 -90
[10:20:47] <Tigerman___> rich people left the others with big debt
[10:21:06] <Tigerman___> not enought workers to repay that
[10:22:08] <Tigerman___> simply rich people want continue to live via high rent but do not let average people enought salary and work to grant that rent
[10:23:09] <Tigerman___> regardless we are in summer season curious at this point what will occur after September
[10:23:33] <AndresV> GOLD
[10:23:34] <AndresV> RAISIN
[10:23:35] <wrbtrader> Long Emini ES @ 2094.75 -> small size
[10:24:19] <wrbtrader> 5 contracts
[10:24:21] <wrbtrader>
[10:25:12] <wrbtrader> Exited all Emini ES Long @ 2093.75 --> - 1
[10:25:16] <Tigerman___> here we have a resistence in ES
[10:25:42] <wrbtrader> will be looking for a re-entry into this considering I got my price mixed up
[10:25:49] <Tigerman___> also price move in tiny momentum to break it
[10:26:04] <wrbtrader> Its a big WRB Zone on the 15min regular session chart
[10:27:51] <wrbtrader> Long Emini ES @ 2094.50 -> large size
[10:28:03] <wrbtrader> 5+5 contracts
[10:28:14] <wrbtrader> still won't let me get a decent price entry
[10:29:54] <wrbtrader> Exited all Emini ES Long @ 2093.75 --> - 0.75
[10:31:24] <wrbtrader> Emini TF futures back inside the range of that mentioned Up WRB Hidden GAP interval
[10:34:03] <wrbtrader> Emini TF futures now retesting the S area of the same mention Up WRB Hidden GAP interval
[10:36:33] <Tigerman___> sh iwm 120.92
[10:37:52] <Tigerman___> exit 1/2 82 +10 tk
[10:39:47] <Tigerman___> exit all rem Iwm at 120.72 +20 tks
[10:40:16] <Tigerman___> first exit was a wrb pt1 the remainder a trail stop
[10:40:44] <Tigerman___> entry was an intuition because mixed signals
[10:41:51] <Tigerman___> now testing sup of most recent dark WRB HG in Iwm 1min
[10:45:08] <wrbtrader> Long Emini ES @ 2093.50 -> large size
[10:45:15] <wrbtrader> 10 contracts
[10:45:18] <wrbtrader> re-entry
[10:55:07] <wrbtrader> Exited all Emini ES Long @ 2093.00 --> - 0.5
[10:55:58] <Tigerman___> sh iwm 120.90
[10:56:18] <Tigerman___> intuition I not expect a lot from this
[10:56:50] <Tigerman___> exit 1/2 86 +4t
[10:57:32] <Tigerman___> exit all rem 88 +2t
[11:03:16] <wrbtrader> Long Emini ES @ 2094.75 -> large size
[11:03:28] <wrbtrader> re-entry
[11:05:24] <Tigerman___> lg es 95.5
[11:05:40] <Tigerman___> first strong brak up
[11:06:25] <Tigerman___> exit 1/ 96.5 +4t
[11:07:58] <Tigerman___> exit all rem 96.5 +4tk
[11:08:09] <Tigerman___> end of momentum x me
[11:11:58] <wrbtrader> Exited all Emini ES Long @ 2096.50 --> + 1.75
[11:12:27] <wrbtrader> costly break in there after the prior losiing trade
[11:13:13] <wrbtrader> went to the toilet and came back to see it had retraced back up from 2092.75 to 2094.50
[11:20:40] <wrbtrader> WRB pt1 reached on that last trade
[11:22:37] <wrbtrader> that was a set of tough trades via the 15min chart interval
[11:27:57] <AndresV> nice rally
[11:27:58] <AndresV> in oil
[11:28:25] <wrbtrader> Gold GC futures too
[11:28:39] <AndresV> yes
[11:30:10] <wrbtrader> Gold GC trying to continue the obvious uptrend
[11:31:38] <AndresV> wants
[11:32:22] <AndresV> long nq
[11:32:40] <AndresV> out
[11:41:27] <Tigerman___> take care all see next time
[11:45:01] <wrbtrader> Emini ranges obvious today...not much to chew on
[11:45:39] <wrbtrader> I've only had one valid trade signal and everything else was "re-entry" trades in reaction to that one valid trade signal
[11:46:20] <wrbtrader> Key Market Events (schedule) won't heat up until Thursday
[11:46:56] <wrbtrader> Thus, may get some volatility late in the day on Wednesday
[11:47:26] <wrbtrader> I did some quick stats last Thursday...
[11:47:49] <wrbtrader> Since the Greece / China fiasco...I've been trading 38% LESS
[11:48:16] <wrbtrader> Less trade signals and more re-entry trades in reaction to those less trade signals
[11:48:42] <wrbtrader> Thus, I'm up 47% on my re-entry trades
[11:49:05] <wrbtrader> Price action is just "tight" overall
[11:51:56] <wrbtrader> Anybody that can't determine that there's been a dramatic change in the overall market conditions since the Greece / China fiasco begun...
[11:52:55] <wrbtrader> That's going to be very problematic
[11:57:19] <wrbtrader> VIX and VXX big gap down and then it basically flatline sideways...not pretty
[11:58:09] <AndresFX> rare conditions
[12:15:15] <wrbtrader> Vermmy true because its long enduring
[12:18:33] * ChanServ sets mode: +o wrbtrader
[12:19:01] <@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. Also, you risk being permanently BANNED (no exceptions) if you consistently log into ##TheStrategyLab and you do not discuss anything related to the WRB Analysis free study guide.
[12:40:59] <AndresFX> EURO AND POUND
[12:41:01] <AndresFX> RALLY
[13:10:16] <@wrbtrader> Just got back
[13:10:53] <@wrbtrader> A lot of key markets did rally today...its the only reason why the Eminis didn't try to fill in the regular session up gap
[13:18:17] <@wrbtrader> Again...a valid trade signal 2min chart Emini TF futures but the signal was ignore.
[13:18:26] <@wrbtrader> A losing trade had I taken it
[13:19:14] <@wrbtrader> Yet, as stated in tutorial chapter 3...it can be used as a WRB Zone if results as a swing point or strong continuation price action
[13:20:26] <@wrbtrader> Long Emini TF @ 1218.50 -> small size
[13:20:45] <@wrbtrader> 1+1+1 contracts
[13:21:01] <@wrbtrader> intuition in reaction to the recent ignored trade signal
[13:22:05] <@wrbtrader> WRB pt1 reach
[13:22:15] <@wrbtrader> trailing @ profit
[13:23:36] <@wrbtrader> Exited 1/3 Emini TF Long @ 1219.50 --> + 1
[13:24:01] <@wrbtrader>
[13:25:36] <@wrbtrader> Emini TF futures trying hard to stay above the WRB Zone 2min chart @ 1030am est
[13:31:10] <AndresFX> LONG 30 YR B
[13:34:05] <@wrbtrader> Exited 1/3 Emini TF Long @ 1219.70 --> + 1.2
[13:34:08] <@wrbtrader> shallow WRB pt2 reached
[13:34:12] <@wrbtrader>
[13:34:16] <@wrbtrader> gotta take that
[13:34:37] <@wrbtrader> This price action is so tight...it can easily do one of those snapbacks
[13:37:23] <AndresFX> YES
[13:37:25] <AndresFX> BORED
[13:37:31] <AndresFX> MAYBE SOME TIME TO DEVELOP
[13:37:32] <AndresFX> MORE
[13:39:08] <@wrbtrader> Exited Remainder Emini TF Long @ 1220.10 --> + 1.6
[13:39:25] <@wrbtrader> Take all and see all tomorrow
[14:45:31] <AndresV> short
[14:45:32] <AndresV> tf
[20:19:02] * Disconnected
Session Close: Mon Aug 10 20:19:02 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