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)
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:
022516-Key-Price-Action-Markets.png [ 1.14 MiB | Viewed 361 times ]
click on the above image to view today's price action of key markets
Session Start: Thu Feb 25 09:30:34 2016
Session Ident: ##TheStrategyLab
[09:30:34] * Now talking in ##TheStrategyLab
[09:30:34] * 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'
[09:30:34] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:30:37] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:48] <xtrader34__>
[09:31:15] <platform115> morning everyone
[09:33:06] <wrbtrader> Good morning all
[09:33:14] <Corner> Good morning all
[09:33:20] <patrader> Good morning
[09:33:40] <Cayden> Good Morning
[09:33:44] <Tigerman_____> Good morning all
[09:35:04] <Corner> no more KME today
[09:35:11] <mtntrader___> Good morning
[09:35:36] <Senge> GM all
[09:38:30] <Sharif> short cl @ 32
[09:43:29] <Sharif> that happened fast...
[09:43:36] <Sharif> couldn't move my target exit, got stopped out
[09:43:54] <xtrader34__> Nice short!
Good way to start the morning[09:44:01] <Sharif> trail stopped out @ 31.78 --> 22pt
[09:44:05] <Sharif> thank you
[09:45:02] <Sharif> it retraced to take me out. it knows about me....
[09:45:12] <Sharif> it's watching my screen and tracking me.
[09:45:29] <Sharif> damn skynet
[09:45:56] <mtntrader___> Ha
[09:54:02] <Sharif> short CL @ 31.85
[09:54:08] <Sharif> i want my money
[09:57:55] <wrbtrader> Shorts Emini ES @ 1927.25 -> large size
[09:58:13] <wrbtrader> 10 + 10 contracts
[09:58:51] <Sharif> damn it, got stopped out
[09:59:11] <Sharif> trail stopped @ 31.75 --> 10pts
[09:59:15] <wrbtrader> Its trying to retrace the most recent Down WRB interval
[09:59:43] <Sharif> i need to get better at exit...
[10:00:15] <Cayden> NQ seems to have a leading role this morn
[10:00:46] <wrbtrader> Covered 1/2 Emini ES Short @ 1925.00 --> + 2.25
[10:00:54] <wrbtrader> WRB pt1 reached
[10:04:26] <wrbtrader> Covered Remainder Emini ES Short @ 1924.25 --> + 3
[10:05:01] <Lightenup1> Short tf 1020.00
[10:06:13] <Lightenup1> Flat tf 1019.70 +.3
[10:24:31] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[10:25:42] <wrbtrader_away> I forgot to mention I may get disconnected a few times today due to power outages in the area after yesterday's snow storm.
[10:26:33] <mtntrader____> That explains it. Thx
[10:26:39] <wrbtrader_away> Heck, even all the schools are closed and that's rare because I live in a snow community (seems like everyone has a snow mobile)
[10:30:13] * wrbtrader_away is now known as wrbtrader
[10:52:40] <Senge> Long ES @ 1930
[10:57:35] <Senge> Exit ES @ 1929 -1
[11:00:12] <mtntrader____> Crude is trying to lead the indices lower.
[11:04:02] <wrbtrader> Shorts Emini ES @ 1925.50 -> large size
[11:04:08] <wrbtrader> 10 contracts
[11:16:27] <wrbtrader> Covered all Emini ES Short @ 1925.00 --> + 0.5
[11:16:48] <wrbtrader> blame it on crude...
[11:17:36] <wrbtrader> It was on the verge of picking up volatility to push it below 1924.00 but that little up movement in Crude halted the down movement in the S&P 500
[11:19:37] <Tigerman_____> anyway good patience wrbtrader
[11:35:14] <Tigerman_____> take care all see next time
[11:42:29] <Sharif> short CL @ 31.37
[11:45:52] <Sharif> stopped out w/ +01
[11:45:56] <Sharif> and then it moves...
[11:46:31] <Sharif> it was an early entry anyway. whatever.
[12:04:36] <Sharif> short CL @ 31.61
[12:08:32] <wrbtrader> Long Emini ES @ 1932.25 -> small size
[12:08:42] <wrbtrader> 5 contracts
[12:08:50] <wrbtrader> intuition trade
[12:10:19] <TradeSnake______> Short GC @ 1239.5
[12:16:10] <wrbtrader> Exited all Emini ES Long @ 1932.50 --> + 0.25
[12:16:25] <wrbtrader> all of that just to get a 1 tick profit
[12:16:35] <Sharif> im still holding on
[12:16:39] <wrbtrader> just price noise
[12:17:05] <Sharif> yes!
[12:17:07] <Sharif> it broke
[12:17:32] <wrbtrader> it hit my WRB pt1 but then it came back down
[12:17:41] <Sharif> skynet
[12:17:51] <Sharif> it's right behind you, watching
[12:17:58] <wrbtrader> That small WRB pt1 was due to the fact it had retested the 1931 area
[12:19:11] <Sharif> stopped out with +01
[12:19:23] <wrbtrader> The way CL and ES are moving on their volatility...
[12:19:45] <wrbtrader> They must all be in the same office playing video games together
[12:23:05] <xtrader34__> We need to break 55 hard in CL
[12:23:34] <xtrader34__> Can't keep dancing around here
[12:44:42] <TradeSnake______> Covered GC @ 1241.1 --> -1.5
[13:31:15] <mtntrader____> Long ES 1935.00
[13:40:04] <mtntrader____> Covered half at 1938.00, +3
[13:40:16] <mtntrader____> PT reached at HOD
[13:46:02] <mtntrader____> Out balance 1939.00, +4
[13:50:59] <Sharif> short CL @ 33.61
[13:51:24] <Sharif> well well well. stopped out w/ -.8
[13:51:37] <Sharif> have a good rest of the day ya'll. i'm out
[13:54:38] <mtntrader____> Take care Sharif
[14:14:20] <mtntrader____> Long ES 1939.00
[14:21:54] <xtrader34__> CL is on a ridicules buy mode - and its just laughable
[14:25:06] <mtntrader____> Covered all 1940.75, +1.75
[15:32:11] <mtntrader____> Long ES 1942.50
[15:34:35] <mtntrader____> Covered all 1941.50, -1
[15:37:46] <mtntrader____> Long ES 1942.00, re-entry
[15:42:12] <wrbtrader> Long Emini ES @ 1945.00 -> large size
[15:42:35] <wrbtrader> oouch
[15:42:55] <wrbtrader> trying to escape this trade
[15:43:13] <wrbtrader> 10 contracts
[15:43:14] <mtntrader____> Covered half 1945.00, +3
[15:43:49] <wrbtrader> Exited all Emini ES Long @ 1946.00 --> + 1
[15:44:05] <wrbtrader> lucky trade of the day
[15:45:15] <mtntrader____> Out balance 1945.50, +3.5
[15:49:57] <mtntrader____> You missed the afternoon ramp today, wrbtrader.
[15:51:37] <wrbtrader> I know...I have too much distractions
[15:51:57] <wrbtrader> Kids home today because all the schools are closed due to the weather
[15:52:32] <mtntrader____> I've had that happen, many times.
[15:55:38] <mtntrader____> Closing at the highs, just like yesterday.
[15:56:16] <wrbtrader> Long Emini ES @ 1947.25 -> large size
[15:56:29] <wrbtrader> 20 contrcts
[15:57:19] <wrbtrader> Exited 1/2 Emini ES Long @ 1948.25 --> + 1
[15:57:37] <wrbtrader> WRB pt1 reached
[15:58:38] <wrbtrader> There should have been a strong push and it didn't show up...
[15:58:44] <wrbtrader> will tighten my trail stop
[16:00:21] <wrbtrader> Exited Remainder Emini ES Long @ 1949.25 --> + 2
[16:00:36] <wrbtrader> WRB pt2 reached
[16:00:59] <mtntrader____> Was that your dessert trade of the day?
[16:01:09] <mtntrader____> ;-)
[16:01:29] <wrbtrader> almost
[16:01:38] <mtntrader____> Sweet
[16:11:32] <wrbtrader> Take care all and see all tomorrow
[16:13:14] <mtntrader____> Thanks
Session Close: Fri Feb 26 00:00:00 2016
-------------------------
##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 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
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
wrbanalysis@gmail.com