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)
http://stocktwits.com/wrbtrader (24/7)
##TheStrategyLab primary purpose is for you to post your WRB Analysis, post your price action analysis, ask real-time questions about WRB Analysis or post your real-time trades in a timestamp environment...the free chat room is a trade journal of your trading day (thoughts and trades). In fact, if you think the only feedback you need is your broker statements...the free chat room will be a waste of your time and you will increase the odds of failing at trading.
The free chat room is located on the Freenode IRC network along with being a serious professional trading chat room for traders that want to talk about your use of 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) merged with your trade methods to improve the performance of their trade methods regardless if you're a position trader, swing trader or day trader. Therefore, you're welcome to use the free 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 because the business model for such isn't suitable for helping traders to succeed as independent traders. 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. Once again, the purpose of the free 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 thoughts and how you interacted with the markets 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. You can then request a private thread for you to share the professional journal analysis of your trading with us for us to review. 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.
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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:
050517-Key-Price-Action-Markets.png [ 839.02 KiB | Viewed 298 times ]
click on the above image to view today's price action of key markets
Session Start: Fri May 05 00:00:01 2017
Session Ident: ##TheStrategyLab
[09:22:57] <werner1>
[09:28:57] <wrbtrader> Good morning werner
[09:29:12] <werner1>
[09:41:23] <wrbtrader> Shorts Emini ES @ 2388.50 -> large size
[09:41:34] <wrbtrader> 10 contracts
[09:51:49] <wrbtrader> Covered all Emini ES Short @ 2388.50 --> 0
[09:51:59] <wrbtrader> punks
[09:53:05] <wrbtrader> Shorts Emini ES @ 2388.25 -> large size
[09:53:25] <wrbtrader> re-entry after the rude pick pocketed in the prior position
[09:55:10] <wrbtrader> Emini ES futures back at the support area of the prior contracting volatility intervals
[09:55:16] <wrbtrader> Now below it
[10:00:46] <wrbtrader> Covered all Emini ES Short @ 2387.00 --> + 1.25
[10:04:15] <wrbtrader> Shorts Emini ES @ 2367.25 -> large size
[10:04:33] <wrbtrader> re-entry again
[10:04:52] <wrbtrader> Prior trade out at profit but it was a trail pick off
[10:05:16] <wrbtrader> correction
[10:05:33] <wrbtrader> Shorts Emini ES @ 2387.25 -> large size
[10:05:59] <wrbtrader> got my 6 and 8 mixed up
[10:20:19] <wrbtrader> Covered all Emini ES Short @ 2387.75 --> - 0.5
[10:20:33] <wrbtrader>
[10:24:53] <wrbtrader> Shorts Emini ES @ 2387.75 -> large size
[10:25:19] <wrbtrader> breakoout in the volatility index to the upside
[10:25:35] <wrbtrader> I'm just trying to ride its coat tail
[10:27:28] <wrbtrader> Its slowly retracing back upwards
[10:30:35] <wrbtrader> Covered all Emini ES Short @ 2387.25 --> + 0.5
[10:32:35] <wrbtrader> Shorts Emini ES @ 2387.00 -> large size
[10:33:25] <wrbtrader> recent trades tough because the volatility had started to contract and then it spike and contracted again...
[10:33:31] <wrbtrader> now its spiking again
[10:35:57] <wrbtrader> Covered all Emini ES Short @ 2385.75 --> + 1.25
[10:36:04] <wrbtrader> WRB pt1 reached (first of the trading day)
[10:36:35] <wrbtrader> reached @ 2385.25 but I held it longer because of the increasing volatility
[10:36:55] <wrbtrader> I thought it could drop further because of that increasing volatility but it didn't
[11:21:41] <wrbtrader> The only WRB Hidden Gap intervals formed today in the Emini ES futures...currently price action is stuck inside their range
[11:22:02] <wrbtrader> Thus, now its just a low volatility tight trading range day
[11:22:21] <werner1> yes indd
[11:38:08] <wrbtrader> This low volatility tight trading range is very obvious on the 15min chart
[11:38:33] <wrbtrader> On that chart, there are no WRB Hidden Gap intervals
[11:50:44] <werner1> Shorts Emini NQ @ 5624.25
[11:52:28] <werner1> Covered all Emini NQ Short @ 5625.25 --> - 1
[12:45:50] <werner1> Shorts Emini NQ @ 5627.25
[12:51:30] <werner1> Covered all Emini NQ Short @ 5626.25 --> + 1
[12:51:35] <werner1>
[13:15:56] <werner1> Long Emini NQ @ 26.00
[13:16:14] <werner1> Long Emini NQ @ 5626.00
[13:16:36] <werner1> Exited all Emini NQ Long @ 5627.50 --> + 1.5
[14:01:09] <wrbtrader> Long Emini ES @ 2389.25 -> large size
[14:01:19] <wrbtrader> 10 contracts
[14:03:40] <wrbtrader> Exited all Emini ES Long @ 2390.75 --> + 1.5
[14:12:16] <werner1> Long Emini NQ @ 5629.50
[14:16:16] <werner1> Exited all Emini NQ Long @ 5631.75 --> + 2.25
[15:01:49] <werner1> Long Emini NQ @ 5630.25
[15:02:17] <werner1> Exited all Emini NQ Long @ 5631.25 --> + 1
[15:57:48] <werner1> gn ...take care
[15:59:10] <wrbtrader> Long Emini ES @ 2394.50 -> small size
[15:59:18] <wrbtrader> 5 contracts
[16:14:59] <wrbtrader> Exited all Emini ES Long @ 2397.25 --> + 2.75
[16:17:05] <wrbtrader> Due to the market intraday tendency mentioned the prior trading day on Wednesday...I used a higher chart interval than the entry signal interval to get a larger profit because I didn't want to exit too early...a mistake I made in the other Long positions with the tendency still working.
[16:30:35] <wrbtrader> Good trading day...take care all, have a safe and happy weekend
[16:31:29] <wrbtrader> See all on Monday
[16:39:15] * Disconnected
Session Close: Fri May 05 16:39:38 2017
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##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 free 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.
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The free chat room is not a signal calling trading room and we do not believe in the business model of a head trader telling other traders when to buy and sell. Its a flawed approach to trading in which a trader can not learn how to be a successful independent trader.
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 MHIReminder, 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 @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167
TheStrategyLab Review @ http://www.thestrategylab.com/thestrategylab-reviews.htm
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)
TheStrategyLab 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)