Price Action Trading (no technical indicators)
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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
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@ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164 ##TheStrategyLab Archive Chat Logs Attachment:
022316-Key-Price-Action-Markets.png [ 1.13 MiB | Viewed 274 times ]
click on the above image to view today's price action of key markets Session Start: Tue Feb 23 09:02:26 2016
Session Ident: ##TheStrategyLab
[09:02:26] * Now talking in ##TheStrategyLab
[09:02:26] * 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'[09:02:26] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:02:28] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:31:31] <patrader> Good morning all
[09:31:41] <patrader> KMEs at 10 AM EST
[09:31:42] <Cayden> good morning
[09:31:54] <Corner> Good morning all
[09:33:22] <Cayden> yesterdays high on ES @ 43.75
[09:33:30] <wrbtrader> Shorts Emini ES @ 1933.00 -> large size
[09:33:48] <wrbtrader> 20 contracts
[09:34:52] <wrbtrader> Emini ES
hard
[09:35:33] <wrbtrader> Covered all Emini ES Short @ 1934.00 --> - 1
[09:38:11] <wrbtrader> Shorts Emini ES @ 1934.25 -> large size
[09:38:18] <wrbtrader> re-entry
[09:39:02] <wrbtrader> I'm not sure if the price action so far is justg chop
[09:40:07] <wrbtrader> Covered all Emini ES Short @ 1932.50 --> + 1.75
[09:40:12] <Tigerman_____>
all
[09:40:18] <wrbtrader> early exit...not a WRB pt1
[09:40:29] <Tigerman_____> just did some short too fast for post ir
[09:40:31] <wrbtrader> price action starting to smell more like chop
[09:40:41] <Tigerman_____> anyway it is a sell market
[09:42:36] <Tigerman_____> also pending Kme in 18min
[09:44:43] <Tigerman_____> ummmm.. lot of tail in candle seems confusing a lot
[09:47:18] <Sharif> short CL @ 32.76
[09:47:38] <Sharif> entered @ 9:42
[09:55:22] <Sharif> stopped out @ 32.66 --> +.10
[09:57:16] <Sharif> short CL @ 32.66, re entry.
[09:59:15] <Sharif> trigger happy trade, got in too early, stopped out to cover commission
[09:59:37] <wrbtrader> A lot of long shadow intervals going into this 10am est KME
[10:01:26] <platform115> Long upper shadows on ES 5m, and long lower shadows on ES 1m. Confusing
[10:05:58] <wrbtrader> Shorts Emini ES @ 1932.50 -> large size
[10:06:11] <wrbtrader> 10 contracts
[10:07:02] <Sharif> short CL @ 32.59
[10:07:11] <Tigerman_____> sh iwm 101.26
[10:07:32] <Tigerman_____> exit all 101.21 +5t
[10:09:23] <wrbtrader> WRB pt1 reached again...I wasn't able to grab it the first time it hit WRB pt1. Will hold a little longer this time to see if volatility shows up
[10:09:54] <Cayden> 32.5-34 kme wrbhg on the 1 minute ESmini
[10:11:30] <wrbtrader> Covered all Emini ES Short @ 1929.25 --> + 3.25
[10:11:40] <wrbtrader> WRB pt2 reached
[10:14:06] <Tigerman_____> sh iwm 101.07
[10:14:33] <Tigerman_____> exit 2/3 97 +10tk
[10:15:49] <Tigerman_____> exit all rem 1/3 87 +20tks
[10:16:55] <Cayden> NQ to ES kme wrb offset by one interbval - i minute
[10:19:36] <xtrader34__> Massive selling
[10:19:57] <xtrader34__> All that buying wiped out in one day
[10:22:21] <Sharif> exit @ 32.22 w/ +.37pt
[10:22:57] <xtrader34__> nice job - S
[10:23:15] <mtntrader___> Nice trade Sharif
[10:23:38] <xtrader34__> I was on that short as well!
[10:23:40] <Sharif> ty
my MFE was 47pt, but i didn't get out there. i need to get better at exit.
[10:23:47] <Sharif> that's awesome xtrader!
[10:23:57] <Sharif> makes me happy to know that
[10:24:14] <xtrader34__> 60 entry
[10:24:51] <Sharif> you are still in?
[10:26:09] <xtrader34__> nope
[10:28:57] <Tigerman_____> lg Iwm 101.08
[10:29:12] <Tigerman_____> small size is risky a long here
[10:30:34] <Tigerman_____> exit 1/2 at 101.12 +4t
[10:30:57] <Tigerman_____> exit 1/4 at 15 +7tk
[10:32:41] <Tigerman_____> exit all 1/4 at 101.17 +9tks
[10:33:01] <Tigerman_____> over it moves too slow
[10:36:35] <platform115> Short ES 1929
[10:40:02] <Sharif> long CL @ 32.24
[10:40:22] <Tigerman_____> sh iwm 101.15
[10:41:11] <Tigerman_____> exit all 14 +1t
[10:41:45] <Sharif> playing it safe, got out w/ +.01pt
[10:42:03] <Tigerman_____> sh iwm 101.15
[10:42:35] <Tigerman_____> exit all 17 -1t
[10:42:41] <Tigerman_____> oops -2tk
[10:42:51] <platform115> Covered ES 1928.50 +.5
[10:44:05] <Tigerman_____> sh iwm 101.19
[10:45:41] <mtntrader___> Short ES 1927.50
[10:54:53] <mtntrader___> Covered half at 1924.50, +3
[10:55:20] <wrbtrader> Shorts Emini ES @ 1924.00 -> large size
[10:55:29] <wrbtrader> 10 contracts
[10:55:33] <wrbtrader> intuition
[10:55:49] <xtrader34__> Selling pressure is super strong today
[10:57:41] <xtrader34__> NQ has insane selling
[10:58:11] <wrbtrader> Covered all Emini ES Short @ 1922.50 --> + 1.5
[10:59:59] <Tigerman_____> hi corner... or anybody can help me
[11:00:29] <Tigerman_____> has anyone some issue with IB broker and pending orders?
[11:00:44] <Sharif> Tigerman, ask questions in the VTR chatroom
[11:01:28] <Tigerman_____> simply when I put some stop order they remain there and I cannot delete them !!!
[11:01:52] <wrbtrader> call the broker
[11:02:05] <Tigerman_____> curiously if I close the platform and relog again those order are gone !!
[11:02:42] <Tigerman_____> yeah of course I call them but simply if someone has same issue and fix that I spare time
[11:02:43] <t4n> so you close the order with the "cancel" square on the chart?
[11:03:31] <Tigerman_____> also sometimes some representative can sometimes more slow to understand the problem vs traders
[11:04:42] <wrbtrader> Shorts Emini ES @ 1922.75 -> large size
[11:04:50] <Tigerman_____> t4n the issue is normal order is ok I can delete them from chart,dome or anyplace
[11:04:56] <wrbtrader> 15 contracts
[11:06:26] <wrbtrader> Covered 1/3 Emini ES Short @ 1920.75 --> + 2
[11:06:33] <t4n> I only notice after a cancel, sometimes a line remains, but that is normaly due to my connection, it has not actually been cancelled
[11:07:21] <t4n> I'm a little
with this action
[11:07:42] <t4n> the first chop of the day i should not have messed with
[11:07:52] <t4n> but then this falling action, i'm pick pocketed
[11:08:13] <t4n> i think once price left the chop junk zone
[11:08:22] <wrbtrader> Covered Remainder Emini ES Short @ 1922.25 --> + 0.5
[11:08:31] <t4n> it was safer to short so long as it did not return
[11:08:57] <t4n> unfortunately my stop placement was too aggressive
[11:10:46] <Tigerman_____> so to resume t4n the issue is for stop orders
[11:11:31] <t4n> i have not had a problem with stop orders
[11:11:36] <Tigerman_____> for some reason they not are show in book mask but they stay in
mode in another part of the platform
[11:11:42] <t4n> but I do not use a script or anything
[11:12:03] <Tigerman_____> they are manual stop order
[11:12:17] <Tigerman_____> simply pretend I am short at 100
[11:13:01] <Tigerman_____> then I put stop order at 110 ,it is trigged when price climb up and reach 110
[11:13:13] <Tigerman_____> of course is a long order
[11:13:28] <t4n> yeah that stops you IN to a trade
[11:13:44] <Tigerman_____> if filled it ok after that is gone
[11:14:15] <Tigerman_____> ISSUE is when my short got in profit at 90
[11:14:28] <Tigerman_____> I cover and exit the position
[11:14:36] <t4n> stop remains
[11:14:44] <Tigerman_____> the stop order yeah remains
[11:14:56] <t4n> must be manually cancelled
[11:15:12] <Tigerman_____> when I delete it ,it is gone from book order window
[11:15:59] <Tigerman_____> oddly it remains in main IB window ,it seems not active but it is
[11:16:11] <t4n> yeah, I dont use the book to manage trades
[11:16:22] <mtntrader___> Covered balance at 1919.50, +8
[11:16:23] <t4n> all charts
[11:16:46] <Tigerman_____> what is strange if I delete it from IB main mask there is a box with written cancel
[11:16:48] <t4n> my book does not show my pending orders
[11:17:19] <Tigerman_____> I cancel from there ,that boc is gone but order stay there
[11:17:41] <Tigerman_____> I have to manually log off to discard those windows !!!
[11:19:16] <Tigerman_____> ummm t4n maybe I discovered something
[11:19:40] <Tigerman_____> I put a simple stop order,or a conditioned order is same
[11:20:02] <Tigerman_____> simply buy when price reach a level
[11:20:34] <Tigerman_____> in book order or chart only one order is show
[11:20:54] <Tigerman_____> in contrast in IB mask there are two!!
[11:21:10] <Tigerman_____> I delete both,but one still there !!!
[11:21:24] <Tigerman_____> I have to dig maybe depends from my setup
[11:21:52] <Tigerman_____> or I ll call the broker
[11:21:54] <t4n> yeah, i dont mix book and chart orders
[11:22:23] <t4n> normaly a cancel is shown correctly
[11:22:34] <wrbtrader> a lot more contraction in the volatility showing up now
[11:23:20] <t4n> are you going to stay and watch or take a break?
[11:25:30] <wrbtrader> I'm staying...yesterday I said I was expecting a trend day today
[11:26:07] <wrbtrader> Its trying hard to become a trend day after breaking below that earlier contraction that occurred before the 1000am est KME
[11:26:27] <t4n> ok
[11:27:05] <wrbtrader> Shorts Emini ES @ 1920.75 -> large size
[11:27:17] <wrbtrader> 20 contracts
[11:27:33] <wrbtrader> intuition
[11:27:51] <wrbtrader> hopefully this trade will earn me a break
[11:28:27] <wrbtrader> It just did...WRB pt1 reached
[11:28:43] <Sharif> short CL @ 31.75
[11:28:48] <wrbtrader> Covered 1/2 Emini ES Short @ 1919.25 --> + 1.5
[11:29:13] <t4n> i'll break as well, slow price action, limited patience
[11:29:23] <wrbtrader> Covered Remainder Emini ES Short @ 1919.25 --> + 1.5
[11:31:05] <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.
[11:34:25] <Sharif> got out w/ +.01
[11:45:10] <wrbtrader> Long Emini ES @ 1925.75 -> small size
[11:45:18] <wrbtrader> 5 contracts
[11:46:09] <wrbtrader> I got something wrong there but will hold a little longer to see if volatility shows up
[11:47:03] <wrbtrader> Exited all Emini ES Long @ 1925.00 --> - 0.75
[11:52:23] <Sharif> short CL @ 31.93
[11:52:53] <Sharif> doh. wrong entry
[11:59:23] <wrbtrader> a lot of contracting volatility here...
[11:59:30] <wrbtrader> I'm now expecting a volatility spike
[11:59:49] <wrbtrader> Hopefully it takes price down and not up in reference to the Emini futures
[12:00:32] <Sharif> got stopped out @ 31.89 --> +4
[12:00:51] <Sharif> +0.04*
[12:02:14] <wrbtrader> sneaky price action right now
[12:02:20] <wrbtrader> slowed to a crawl
[12:02:45] <wrbtrader> Shorts Emini ES @ 1923.50 -> large size
[12:02:55] <wrbtrader> 10 contractes
[12:03:22] <wrbtrader> still contracting
[12:03:35] <wrbtrader> I won't hang around to long in this trade
[12:04:15] <Sharif> this sob...
[12:04:20] <Sharif> now it goes down
[12:05:05] <wrbtrader> WRB pt1 reached
[12:06:09] <wrbtrader> WRB pt1 without the volatility spike
[12:06:41] <Sharif> well i missed out on the last move and its 12pm. so long folks. have a wonderful rest of the day.
[12:08:51] <wrbtrader> Covered all Emini ES Short @ 1923.25 --> + 0.25
[12:09:17] <wrbtrader> too much of a crawl for me
[12:09:55] <wrbtrader> too bad that WRB pt1 (very small) wasn't as big as the most recent Down WRB HG interval
[12:10:14] <wrbtrader> now it breaks just before lunch
[12:40:46] <Tigerman_____> take care all see next time
[12:59:03] <Senge> Long ES @ 1923.50
[13:01:28] <Senge> Exit ES @ 1923.75 +.25
[14:19:54] <Cayden> mIRC Platform question; does anybody use a sound alert for when somone in the chat room posts? Say wrbtrader posts a comment or trade- is there an option that will sound an alert with the mIRC software?
[15:42:24] <Cayden> Test 123
[15:42:50] <t4n> i see it cayden
[15:45:41] <Cayden> thank you t4n- nice to see you still with Mr Perry's program- :-)
[15:47:40] <wrbtrader> Yes, there's a sound alert but its tricky on how to setup
[15:48:15] <wrbtrader> You need to go into the Options and play around with it
[15:48:24] <Cayden> Thank you wrbtrader- I see it- I'll give it the ole college try
[15:48:43] <wrbtrader> Not sure why you would want to do that. It would be a distraction
[15:48:58] <Cayden> at some point i'll be typing in 'wrbtrader' correct?
[15:49:15] <wrbtrader> I don't even keep my mIRC on top...its minimized so that I can't see any comments
[15:49:39] <wrbtrader> Only time I see comments is if I have the window on top because I'm making a comment
[15:52:05] <Cayden> yes- I can understand that- when you speak there's usually, (always), something worth listening to- whether a trade or comment.
[15:59:19] <wrbtrader> Shorts Emini ES @ 1917.50 -> large size
[15:59:30] <wrbtrader> 10 contracts
[16:04:28] <wrbtrader> Covered all Emini ES Short @ 1918.50 --> - 1
[16:15:00] <wrbtrader> Too bad...I waited for that drop
[16:15:47] <wrbtrader> Take care all and see all tomorrow
[18:06:14] * cameron.freenode.net sets mode: +o ChanServ
[18:20:26] * Disconnected
Session Close: Tue Feb 23 18:20:26 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 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.com