TheStrategyLab Price Action Trading (no technical indicators)
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164 (see chat logs below)
M.A. Perry a.k.a. wrbtrader (more info about me): http://www.thestrategylab.com/wrbtrader.htm & http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=11&t=6
CME Group Trade Against A Pro Futures Challenge: http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=360&t=4038
TheStrategyLab Reviews: http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167 & http://www.thestrategylab.com/thestrategylab-reviews.htm
Business Hours: 8am - 5pm est (Mon - Fri)
Telephone: +1 708 572-4885
wrbanalysis@gmail.com (24/7)
Twitter @ http://twitter.com/wrbtrader (24/7)
Stocktwits @ http://stocktwits.com/wrbtrader (24/7)
##TheStrategyLab primary purpose is for you to use the free chat room as a trade journal of your trades via you posting WRB Analysis of the price action you see on your monitors, posting price action analysis, ask real-time questions about WRB Analysis or posting your real-time trades (simulator or real money) in a timestamp environment after you've received confirmation from your broker trade execution platform. Simply, 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 and you decide to not discuss WRB Analysis nor post any real-time information about how you're viewing the markets nor post real-time trades...the free chat room will be a waste of your time and you will increase the odds of failing at trading...especially if you login to the free chat room and then just lurk (not say anything about your 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 their use of WRB Analysis (e.g. Contracting Volatility, WRBs, WRB Hidden GAPs, WRB Zones, WRB/WRB Hidden GAP profit targets, Key Market Events, Reaction Highs/Lows, Expanding Volatility, R area of WRB Zone, S area of WRB Zone, midpoint of WRB Zone and speed of the price action) merged with their trade methods to improve the performance of their trade methods regardless if they're a position trader, swing trader, day trader, trend trader or range 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.
This is not a signal calling (trade alerts) room. Our free chat room has never been advertised as a trade room and we ban traders for attempting to use our chat room as a trade alerts room for the purpose to mimic/copy trades posted by any of our members.With that said, thanks for reviewing (reading) the below timestamped trades, price action analysis or market commentaries and we highly recommend you make reading of the chat logs (we use it to provide critical missing info for our broker statements) 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
Our disclaimer statement applies to the chat room, forum and website @ http://www.thestrategylab.com/Disclaimer.htm
Attachment:
031219-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.47 MiB | Viewed 318 times ]
click on the above image to view today's price action of key markets
[08:36:47] * Now talking in ##TheStrategyLab
[09:05:17] <wrbtrader> Shorts Emini ES @ 2793.00 -> small size
[09:05:21] <wrbtrader> 1x
[09:31:21] <wrbtrader> Yesterday was a big up gap in market breadth info for key markets...today its the opposite...big down gap in the same market breadth
[09:33:20] <wrbtrader> Emini ES futures
hard to not produce a Down WRB[09:33:46] <wrbtrader> Emini NQ and RTY already have produce one
[09:34:17] <wrbtrader> both retested their most recent reaction low
[09:38:22] <wrbtrader> Covered Emini ES Short @ 2795.50 --> - 2.5
[09:40:51] <wrbtrader> Shorts Emini ES @ 2795.50 -> small size
[09:40:53] <wrbtrader> 2x
[09:41:49] <wrbtrader> Covered all Emini ES Short @ 2797.25 --> - 1.75
[09:42:17] <wrbtrader> Long Emini ES @ 2797.00 -> small size
[09:42:22] <wrbtrader> 2x
[09:43:23] <wrbtrader> Exited all Emini ES Long @ 2795.25 --> - 1.75
[09:43:39] <wrbtrader> Shorts Emini ES @ 2795.25 -> small size
[09:43:43] <wrbtrader> 2x
[09:45:54] <wrbtrader> Emini futures have correlation problems
[09:47:34] <wrbtrader> Emini ES should be near the 2791
[09:47:39] <wrbtrader> Its not
[09:47:56] <wrbtrader> now spiking back up
[09:48:17] <wrbtrader> Covered all Emini ES Short @ 2795.25 --> 0
[09:48:41] <wrbtrader> Shorts Emini ES @ 2794.00 -> small size
[09:48:46] <wrbtrader> 2x
[09:52:23] <wrbtrader> Covered all Emini ES Short @ 2795.75 --> - 1.75
[09:52:30] <wrbtrader>
[09:52:51] <wrbtrader> Getting chopped up because of the lack of correlation within the Emini futures
[09:54:57] <wrbtrader> Long Emini ES @ 2797.00 -> large size
[09:55:01] <wrbtrader> 10x
[09:57:51] <wrbtrader> Exited all Emini ES Long @ 2797.00 --> 0
[09:58:00] <wrbtrader> punks
[09:58:46] <wrbtrader> Emini futures now not insync...looks like each doing their own thing
[09:59:28] <wrbtrader> Shorts Emini ES @ 2796.00 -> large size
[09:59:35] <wrbtrader> 10x
[09:59:44] <wrbtrader> bad fill
[10:01:47] <wrbtrader> more contraction showing up now...trying to flatline this price action
[10:01:50] <wrbtrader> geeesh
[10:07:55] <wrbtrader> Covered all Emini ES Short @ 2796.25 --> - 0.25
[10:08:14] <wrbtrader> punks
[10:08:56] <wrbtrader> Shorts Emini ES @ 2795.25 -> large size
[10:08:59] <wrbtrader> 10x re-entry
[10:09:06] <wrbtrader> not sure what's keeping this up
[10:09:56] <wrbtrader> YM and RTY down...not ES & NQ
[10:10:23] <wrbtrader> Other key markets down too
[10:16:19] <wrbtrader> Covered all Emini ES Short @ 2794.75 --> + 0.5
[10:16:26] <wrbtrader> psssst
[10:19:58] <wrbtrader> Long Emini ES @ 2797.00 -> small size
[10:20:03] <wrbtrader> 2x
[10:27:56] <wrbtrader> Brexit and Boeing on the markets mind today
[10:30:17] <wrbtrader> Exited all Emini ES Long @ 2799.00 --> + 2
[10:30:33] <wrbtrader> WRB pt1 reached
[10:34:00] <wrbtrader> Long Emini ES @ 2801.75 -> small size
[10:34:04] <wrbtrader> 2x
[10:43:05] <wrbtrader> Exited Emini ES Long @ 2799.75 --> - 2
[10:43:05] <wrbtrader> Reverse and Enter Short Emini ES @ 2799.75
[10:43:09] <wrbtrader> 10x
[10:48:12] <wrbtrader> Covered all Emini ES Short @ 2799.25 --> + 0.5
[10:48:53] <wrbtrader> All the large size positions have had their "trail stops picke pocketed"
[10:49:33] <wrbtrader> In contrast, the small size positions I exited the trade before the initial stop loss protection were hit
[10:50:02] <wrbtrader> Long Emini ES @ 2800.00 -> large size
[10:50:06] <wrbtrader> 10x
[10:50:11] <wrbtrader> increasing volatility
[10:53:03] <wrbtrader> Exited all Emini ES Long @ 2801.50 --> + 1.5
[10:53:06] <wrbtrader> That gets me profitable for the day with commissions/fees paid
[10:53:36] <wrbtrader> tough tough trading day...position size management saves the day so far
[11:11:40] <wrbtrader> Long Emini ES @ 2800.00 -> large size
[11:11:45] <wrbtrader> 10x
[11:14:34] <wrbtrader> Exited all Emini ES Long @ 2796.00 --> - 4
[11:14:39] <wrbtrader>
[11:16:07] <wrbtrader> I left that initial stop in place without adjusting it and got burnt
[12:33:10] <wrbtrader> Shorts Emini ES @ 2800.00 -> large size
[12:33:12] <wrbtrader> 10x
[12:37:44] <wrbtrader> Covered all Emini ES Short @ 2799.75 --> + 0.25
[12:38:09] <wrbtrader> Ranging since 12noon est
[12:38:37] <wrbtrader> Shorts Emini ES @ 2799.25 -> large size
[12:38:43] <wrbtrader> 10x
[12:41:09] <wrbtrader> Covered all Emini ES Short @ 2800.00 --> - 0.75
[12:43:22] <wrbtrader> Shorts Emini ES @ 2800.00 -> large size
[12:43:25] <wrbtrader> 10x
[12:55:16] <wrbtrader> Covered all Emini ES Short @ 2798.00 --> + 2
[14:25:22] <wrbtrader> VIX is horrible (big symtom of the problem trading today)...VIX < 14
[14:29:03] <wrbtrader> Shorts Emini ES @ 2801.00 -> large size
[14:29:07] <wrbtrader> 10x
[14:29:44] <wrbtrader> increasing volatility after being a dead weight since 12noon est
[14:36:55] <wrbtrader> Covered all Emini ES Short @ 2800.50 --> + 0.5
[14:39:35] <wrbtrader> Shorts Emini ES @ 2800.00 -> large size
[14:39:39] <wrbtrader> 10x re-entry
[14:57:09] <wrbtrader> Covered all Emini ES Short @ 2799.75 --> + 0.25
[15:00:54] <wrbtrader> Shorts Emini ES @ 2799.00 -> large size
[15:01:00] <wrbtrader> 10x re-entry
[15:03:16] <wrbtrader> Brexit voting volatility
[15:03:22] <wrbtrader>
[15:03:42] <wrbtrader> I got sucker into a trade without knowing the reason for the volatility
[15:06:24] <wrbtrader> trail stops tighten
[15:13:45] <wrbtrader> Covered all Emini ES Short @ 2797.00 --> + 2
[15:14:25] <wrbtrader> WRB pt1 reached
[15:14:30] <wrbtrader> Shorts Emini ES @ 2797.25 -> large size
[15:14:35] <wrbtrader> 10x
[15:14:43] <wrbtrader> re-entry
[15:20:25] <wrbtrader> Covered all Emini ES Short @ 2794.50 --> + 2.75
[15:21:08] <wrbtrader> Shorts Emini ES @ 2793.50 -> large size
[15:21:11] <wrbtrader> 10x re-entry
[15:23:26] <wrbtrader> Brexit vote still "live" right now
[15:23:58] <wrbtrader> Covered all Emini ES Short @ 2794.00 --> - 0.5
[15:25:19] <wrbtrader> Long Emini ES @ 2795.50 -> large size
[15:25:23] <wrbtrader> 10x
[15:27:39] <wrbtrader> British Pound currency now trying to bounce back up after the completion of the Brexit vote
[15:28:25] <wrbtrader> Exited all Emini ES Long @ 2797.50 --> + 2
[15:42:07] <wrbtrader> Long Emini ES @ 2796.75 -> large size
[15:42:10] <wrbtrader> 10x
[15:48:27] <wrbtrader> Exited all Emini ES Long @ 2798.75 --> + 2
[15:48:30] <wrbtrader> WRB pt1 reached
[15:51:40] <wrbtrader> Shorts Emini ES @ 2797.00 -> large size
[15:51:45] <wrbtrader>
[15:51:48] <wrbtrader> 10x
[15:52:23] <wrbtrader> I entered the trade with size on contracting volatility
[15:52:38] <wrbtrader> not a smart decision
[15:54:37] <wrbtrader> volatility briefly showed up
[15:55:32] <wrbtrader> Covered all Emini ES Short @ 2795.00 --> + 2
[15:55:40] <wrbtrader> WRB pt1 reached
[15:56:14] <wrbtrader> Shorts Emini ES @ 2794.50 -> small size
[15:56:22] <wrbtrader> 2x re-entry
[15:57:37] <wrbtrader> Covered all Emini ES Short @ 2795.00 --> - 0.5
[15:57:46] <wrbtrader> trail stop picked pocketed
[15:58:29] <wrbtrader> Shorts Emini ES @ 2794.25 -> small size
[15:58:45] <wrbtrader> 2x
[15:59:02] <wrbtrader> Covered all Emini ES Short @ 2795.50 --> - 1.25
[15:59:24] <wrbtrader> Long Emini ES @ 2796.25 -> small size
[15:59:28] <wrbtrader> 2x
[16:05:03] <wrbtrader> I thought there would be a slow drift up after the regular session bell
[16:05:07] <wrbtrader> not happening
[16:07:16] <wrbtrader> Hard fought battle today to gain a profit...started feeling like a bar room fight...hit anything that gets near you
[16:14:58] <wrbtrader> Exited all Emini ES Long @ 2797.00 --> + 0.75
[16:19:35] <wrbtrader> Take care all and see all tomorrow
Session Close
-----------------------
##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.
Quote:
The free chat room is not a signal calling trading room with a head trader telling you what to trade, when to buy or when to sell. In fact, 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 and its a flawed substitution for mentoring 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 CME Emini RTY Futures (formerly ICE TF) 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.
Disclaimer: Today's trading performance is not an indication of my future performance and not an indication of the future performance for any trader that decides to learn/apply WRB Analysis. The risk of loss can be substantial. Therefore, you must carefully consider if trading is suitable for you within the context of your financial condition. TheStrategyLab.com is an education and research site. The resources on this site are provided for informational purposes only and should not be used to replace professional educational and professional research because we are retail traders only. TheStrategyLab.com does not accept liability for your use of the website and its resources.
We make no guarantees of success and your level of success is dependent upon other factors including your skill as a trader, knowledge, financial condition, market conditions and other factors. Trading is stressful and you should always consult a doctor in all matters relating to physical and mental health of you and your family because trading can impact beyond your financial condition regardless if you're a profitable or losing trader. Also, you can read our full disclaimer statement @ http://www.thestrategylab.com/Disclaimer.htm
Rebuttal to Mr. Emmett Moore Jr. via TheStrategyLab.com Review @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167 The Strategy Lab: Valforex - The Manipulative Review Scam @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3676 TheStrategyLab Review @ http://www.thestrategylab.com/thestrategylab-reviews.htm Where did wrbtrader go? | Elite Trader @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=161&t=2844Note: 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)
a.k.a. wrbtrader (more info about me): http://www.thestrategylab.com/wrbtrader.htm
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)
Twitter @ http://twitter.com/wrbtrader (24/7)
Stocktwits @ http://stocktwits.com/wrbtrader (24/7)