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)
http://stocktwits.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 your 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 Review - This is
not a signal calling trading room. We have no interest in trading rooms where a head trader tells other traders when to buy and sell. This chat room is
free and many years ago it was started by users of WRB Analysis. Our job is to
moderate (keep the peace between members) the chat room and to answer any questions involving WRB Analysis. The purpose of the chat room is 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 the 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. Thus, the usefulness of ##TheStrategyLab chat room is determined via
your participation in the chat room.
Yet, you're not require to use the free chat room as a trade journal to get help with your trading. Instead, as recommended by some users of WRB Analysis, you can use professional journal services such as tradervue, edgewonk, tradebench or tradingdiarypro for your statistical analysis
in combo with our
chat room or your
private thread to discuss with us the statistical analysis of your trading so that we can help you to improve your use of WRB Analysis. Therefore, you have many choices. You can use our chat room (you maintain your own statistics) as a trade journal or you can use professional trade journal services to do the work for you.
Also, do
not attempt to use our chat room as a signal calling trade room via trying to mimic (copy) trades posted by members. If you do such, you will be KICKED from the chat room without warning. In fact, most of the negative commentary about TheStrategyLab website is by traders
after we've removed them from the free chat room, removed them from the forum or removed them from the website for violating our
terms of use policy.
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
reviewing (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:
083016-Key-Price-Action-Markets.png [ 1.05 MiB | Viewed 302 times ]
click on the above image to view today's price action of key markets Session Start: Tue Aug 30 09:28:45 2016
Session Ident: ##TheStrategyLab
[09:28:45] * Now talking in ##TheStrategyLab
[09:28:45] * 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'[09:28:45] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:28:45] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:30:52] <wrbtrader> Good morning all
[09:31:02] <patrader> Good morning
[09:33:01] <wrbtrader> Long Emini ES @ 2180.00 -> large size
[09:33:09] <wrbtrader> 10 contracts
[09:33:32] <wrbtrader> I'm still holding the 5 contracts from yesterday @ 2180.75
[09:34:23] <irza>
[09:35:44] <irza> Long Emini ES @ 80.25
[09:35:52] <irza> similar to yesterday and friday?
[09:35:59] <irza> worth an attempt
[09:36:39] <wrbtrader> Exited all Emini ES Long @ 2181.00 --> + 1
[09:37:10] <wrbtrader> +1 on the 10 and +0.25 on the 5
[09:37:18] <wrbtrader> early exit
[09:37:37] <wrbtrader> data stalled like yesterday morning
[09:37:49] <wrbtrader> had to dump it
[09:37:53] <irza> Exited all Emini ES Long @ 80 --> - 0.25
[09:37:58] <irza> no follow through
[09:38:04] <irza> when it works, we are not in it
[09:38:14] <irza> lol
[09:40:07] <Tigerman____>
all
[09:41:20] <efloortrader7>
everyone
[09:42:43] <patrader> KME @ 10 AM EST- CB Consumer Confidence
[09:47:39] <wrbtrader> Shorts Emini ES @ 2178.50 -> large size
[09:47:47] <wrbtrader> 20 contracts
[09:49:39] <Tigerman____> sh iwm 123.93 small
[09:50:43] <Tigerman____>
[09:51:05] <Tigerman____> exit all 1/3 @ 123.92
[09:51:11] <Tigerman____> exit rem @ 124
[09:52:24] <irza> Shorts Emini ES @ 78.75
[09:54:01] <Tigerman____> just did another short higher
[09:54:08] <Tigerman____> exit @ loss
[09:54:24] <Tigerman____> simply action now is junky as always these days
[10:01:50] <wrbtrader> Covered all Emini ES Short @ 2178.00 --> + 0.5
[10:02:19] <wrbtrader> Shorts Emini ES @ 2178.25 -> large size
[10:02:25] <wrbtrader> re-entry
[10:02:26] <irza> would like 75s
[10:02:36] <irza> if it works
[10:02:38] <wrbtrader> trail stop problem on prior Short
[10:04:36] <wrbtrader> Covered all Emini ES Short @ 2179.25 --> - 1
[10:04:55] <irza> looks like they want phod too
[10:05:09] <irza> Covered 1/2 Emini ES Short @ 79 --> - 0.25
[10:05:19] <irza> holding to short higher
[10:05:36] <irza> and keeping 1/2 in case it works from here
[10:07:28] <Tigerman____> junky so far
[10:08:52] <wrbtrader> Shorts Emini ES @ 2177.50 -> large size
[10:09:01] <wrbtrader> re-entry
[10:09:09] <wrbtrader> 20 contracts
[10:09:13] <irza> knew it lol
[10:09:23] <irza> wrb pt1 here
[10:09:40] <irza> Covered all Emini ES Short @ 75 --> + 3.75
[10:10:12] <wrbtrader> A lot of shaking out it did on the short side before it finally pushed down
[10:10:23] <irza> unless keep stop above HOD
[10:10:25] <irza> no shake out
[10:10:37] <Tigerman____> sh iwm 123.96
[10:10:53] <wrbtrader> oddly it retested the 2175 level
[10:10:54] <Tigerman____> exit all@ 123.94 +2 tk
[10:11:02] <wrbtrader> now trying to bounce
[10:11:28] <irza> see that big volume at 75?
[10:11:42] <irza> bots and big traders scaling out?
[10:16:11] <Tigerman____> sh iwm 123.96
[10:16:25] <Tigerman____> exit 1/2 @ 94
[10:16:31] <Tigerman____> exit rem @ 92
[10:19:17] <wrbtrader> still waiting for a WRB pt2...
[10:19:24] <wrbtrader> only contraction after the WRB pt1
[10:19:46] <irza> here comes wrb pt2
[10:19:52] <irza> hopefully
[10:21:06] <irza> nice
[10:21:52] <wrbtrader> Covered all Emini ES Short @ 2173.50 --> + 4
[10:21:56] <irza> done for the day
[10:21:59] <irza> good trading
[10:22:07] <wrbtrader> WRB pt2 reached
[10:22:25] <wrbtrader> via 3min chart
[10:23:23] <irza> ya same with 2'
[10:34:59] <wrbtrader> Shorts Emini ES @ 2172.50 -> large size
[10:35:05] <wrbtrader> 10 contracts
[10:35:44] <wrbtrader> rolled over too fast to grab @ 2173.00
[10:36:52] <wrbtrader> Covered all Emini ES Short @ 2173.00 --> - 0.5
[10:37:22] <wrbtrader> will try again and the volatility has slowed
[10:37:45] <wrbtrader> Shorts Emini ES @ 2173.50 -> large size
[10:37:50] <wrbtrader> re-entry
[10:37:54] <wrbtrader> 10 contracts
[10:39:26] <Tigerman____> sh spy 217.80
[10:40:48] <wrbtrader> Covered all Emini ES Short @ 2172.75 --> + 0.75
[10:46:16] <wrbtrader> The stings still hurts on Friday...
[10:46:25] <wrbtrader> Missing the biggest day of the month
[10:47:00] <wrbtrader> I know some guys that one day is what saves their month...prevents it from being a losing month
[10:48:10] <wrbtrader> more data problems
[10:48:22] <wrbtrader> going to try a complete system reboot
[10:48:25] <wrbtrader> be back later
[10:48:46] <wrbtrader> not a problem with my broker...
[10:49:05] <wrbtrader> Problem with my ISP...even my cable channles are all pixeled
[10:49:12] <wrbtrader> shutting everything down
[10:49:39] <efloortrader7> good luck hope it all works out
[10:49:51] <efloortrader7> hate technical issues
[10:50:09] * Disconnected
Session Close: Tue Aug 30 10:50:09 2016
Session Start: Tue Aug 30 11:05:01 2016
Session Ident: ##TheStrategyLab
[11:05:02] * Now talking in ##TheStrategyLab
[11:05:02] * 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'[11:05:02] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[11:05:02] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[11:11:35] <wrbtrader> Shorts Emini ES @ 2174.25 -> small size
[11:11:50] <wrbtrader> 5 contracts
[11:20:10] <wrbtrader> more contraction but its slowly pushing price down...
[11:20:17] <wrbtrader> I'm now expecting a volatility spike
[11:20:23] <wrbtrader> tightning my trail
[11:22:58] <wrbtrader> trailing @ profit
[11:26:41] <wrbtrader> Covered all Emini ES Short @ 2173.75 --> + 0.5
[11:44:27] <irza> 1 OB day bar, and potentially 2 inside day bars
[11:44:39] <irza> so ya if not today then tomorrow for volatility bar
[12:13:54] <Tigerman____> take care all see next time
[12:23:47] <TradeSnake______> Long YM @ 18448
[12:28:59] <TradeSnake______> Covered YM @ 18447 --> -1
[14:17:55] <werner1> Shorts Emini NQ @ 4765.00
[14:19:23] <werner1> Covered all Emini NQ Short @ 4762.00 --> + 3
[14:20:08] <wrbtrader> Shorts Emini ES @ 2169.25 -> large size
[14:20:15] <werner1> wrb pt 1 2min
[14:20:21] <wrbtrader> 10 contracts
[14:22:54] <wrbtrader> Covered all Emini ES Short @ 2169.75 --> - 0.5
[14:23:56] <irza> building a long here
[14:24:00] <irza> Long Emini ES @ 69.5
[14:24:13] <irza> adding down to 65
[14:24:38] <irza> will try to swing
[14:26:10] <wrbtrader> Shorts Emini ES @ 2170.25 -> large size
[14:26:21] <wrbtrader> re-entry
[14:26:25] <wrbtrader> 10 contracts
[14:29:29] <wrbtrader> contracting volatility support holding
[14:29:33] <wrbtrader>
[14:33:57] <wrbtrader> below support but very slow @ shallow WRB pt1
[14:34:35] <wrbtrader> Covered all Emini ES Short @ 2169.75 --> + 0.5
[14:35:39] <wrbtrader> trade via the price action of Emini NQ futures 3min chart
[14:37:23] <werner1> aha
[14:38:04] <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. Risk warnings for trading @
http://www.thestrategylab.com/risk-warning.htm[14:43:21] <wrbtrader> Crude Oil CL futures stuck in a tough trading range below its earlier big price drop.
[14:43:42] <wrbtrader> Actually, its stuck below those Down WRB Hidden GAP interval
[14:44:04] <wrbtrader> efloortrader...not much happening with treasury futures today
[14:44:18] <irza> best times to trade crude usually in the morning
[14:44:28] <wrbtrader> agree
[14:44:32] <irza> after 2pm is pit closed and less opportunities
[14:44:38] <irza> 230pm is pit close
[14:44:45] <werner1> must go now...see you all tomorrow
[14:44:47] <irza> but after 2p even less trading opportunities
[14:47:21] <irza> Exited 1/2 Emini ES Long @ 71.5 --> + 2
[14:48:34] <wrbtrader> Emini ES futures is stuck at the S area of its most recent WRB Zone (Down WRB HG interval) 3min chart...trying to push upwards
[15:07:06] <irza> stepping away, hope i got LOD for overnight rally swing
[15:30:42] <wrbtrader> I tried an overnight swing the other day...
[15:31:23] <wrbtrader> Did not get what I wanted because S&P is range bound on the daily chart
[15:32:17] <wrbtrader> February, March, May, June, October are decent swing trade months
[15:32:39] <wrbtrader> Throw in November during U.S. presidential election years
[15:33:40] <wrbtrader> When I swing traded...those were the only months I did swings
[15:34:07] <wrbtrader> Yet, on the flip side...the stats of the good months...they are old
[15:34:22] <wrbtrader> I have not reviewed that info since 2005
[15:35:02] <wrbtrader> The good thing now for the past several days...
[15:35:38] <wrbtrader> Something is going on...I see a big WRB Hidden GAP interval pending on the daily chart
[15:35:44] <wrbtrader> We're due for one
[15:36:32] <mtntrader____> We sure are.
[15:41:55] <irza> 1-2 day swing here
[15:42:13] <irza> basically want tomorrow to open above today's LOD otherwise, signal negated
[15:42:19] <wrbtrader> volatility spike back to the 2174.50
[15:42:39] <irza> doing well so far
[15:49:49] <irza> hope we do such big WRB gap on daily chart tomorrow lol
[15:55:09] <wrbtrader> I hope your right...that means it'll be a good intraday for trading
[15:56:48] <wrbtrader> Most of today's price action for the S&P is inside the range of yesterday's initial big up movement
[15:58:29] <wrbtrader> Long Emini ES @ 2174.00 -> small size
[15:58:38] <wrbtrader> 5 contracts
[16:01:09] <wrbtrader> Exited all Emini ES Long @ 2175.00 --> + 1
[16:01:32] <wrbtrader> WRB pt1 reached and its that 2175 area again
[16:02:30] <wrbtrader> actually...wrong
[16:02:45] <wrbtrader> The key area I'm watching @ 2175.25
[16:03:06] <wrbtrader> I'll be paying close attention to it tomorrow whenever price action nears it
[16:03:33] <wrbtrader> It's the low price of the contracting volatility that showed up yesterday after the initial big run up
[16:04:05] <mtntrader____> Take care and see you tomorrow.
[16:04:21] <wrbtrader> take care
[16:04:29] <wrbtrader> I'm outta here too...see all tomorrow
Session Closed:
-------------------------
##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
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, racist, harassment, lies, hackers, pikers, trolls that's a distraction to members of our chat room, our forum or our website. Yet, the original logs are always maintain for security reasons and legal reasons if needed.
Review of TheStrategyLab
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 (24/7)
http://twitter.com/wrbtrader (24/7)
http://stocktwits.com/wrbtrader (24/7)