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 Skype: kebec2002
Business Hours: 8am - 5pm est (Mon - Fri)
wrbanalysis@gmail.com (24/7)
Twitter @
http://twitter.com/wrbtrader (24/7)
Twitter Search Hashtags: #PriceAction, #ES_F, #YM_F, #NQ_F, #volatility, #emini, #futures, #fomc, #VIX, #thestrategylab, #wrbanalysis, #EconomicCalendar #SPY, #SP500, #MicroEmini, #trading, #daytrading, #swingtrading
Stocktwits @
http://stocktwits.com/wrbtrader (24/7)
TradingView @
https://www.tradingview.com/u/wrbtrader (24/7)
Recent Past TheStrategyLab chat room excerpt image to the left
@ http://www.thestrategylab.com/images/062620-thestrategylab-wrbtrader-chat-room-review.png Complete text chat logs below##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).
TheStrategyLab 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 TheStrategyLab chat room to ask questions about WRB Analysis, post your real-time price action analysis involving WRB Analysis merged with your own trade methods, post real-time trades via WRB Analysis or talk about general market issues impacting today's price action involving stocks, futures, exchange traded funds or forex currencies as part of your
trade journal. 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 alerts room and we
ban traders for attempting to use our
chat room as a signal calling trade alerts room for the purpose to mimic / copy / piggyback 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 room 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.
Yet, be aware that many traders (including myself) are posting redacted screenshots of timestamp trade fills in broker trade execution platform and quantitative statistical analysis of the trade performance via WRB Analysis in
private thread at the forum. I use the timestamp redacted screenshots to verify if a trader is correctly using WRB Analysis...info I can not get from their broker statements alone.
Remember this too...most users of WRB Analysis do
not use the free chat room but they still are posting their DOKs to verify their understanding of WRB Analysis and posting redacted screenshots of timestamp trade fills (simulator or real money) in broker trade execution platform to verify trade performance in their
private thread.
To qualify for access to ##TheStrategyLab free 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 website, forum, chat room and live screen sharing meeting
@ http://www.thestrategylab.com/Disclaimer.htm Attachment:
020421-TheStrategyLab-Key-Markets.png [ 3.35 MiB | Viewed 152 times ]
click on the above image to view today's price action of key markets Bloomberg Markets: The Open Full Show (02/04/2021)
@ https://www.bloomberg.com/news/videos/2021-02-04/-bloomberg-the-open-full-show-02-04-2021-video [09:11:01] * Now talking in ##TheStrategyLab
[09:20:05] <asuni> Good morning all
[09:20:29] <werner1> hi asuni
[09:20:36] <asuni> hi werner
[09:30:48] <wrbtrader> Long Emini ES @ 3834.75 -> large size
[09:30:57] <wrbtrader> 10 contracts
[09:31:35] <wrbtrader> poor entry into the breakout of the Key WRB Zone
[09:32:05] <wrbtrader> Exited all Emini ES Long @ 3834.75 --> 0
[09:35:35] <wrbtrader> Shorts Emini ES @ 3831.75 -> medium size
[09:35:42] <wrbtrader> 5 contracts
[09:36:28] <werner1> Long Emini NQ @ 13430
[09:36:39] <werner1> Exited all Emini NQ Long @ 13436 --> + 6[09:38:13] <wrbtrader> Covered all Emini ES Short @ 3833.50 --> - 1.75
[09:38:49] <wrbtrader> same problematic "pulsating price action"
[09:41:12] <wrbtrader> correlation poor in the Eminis
[09:41:21] <werner1> Shorts Emini NQ @ 13430.00
[09:41:43] <werner1> Covered all Emini NQ Short @ 13424 --> + 6[09:43:55] <wrbtrader> Shorts Emini ES @ 3833.25 -> medium size
[09:44:06] <wrbtrader> 5 contracts
[09:44:42] <wrbtrader> Covered all Emini ES Short @ 3834.00 --> - 0.75
[09:45:25] <wrbtrader> Long Emini ES @ 3835.75 -> medium size
[09:45:34] <wrbtrader> 5 contracts
[09:48:33] <wrbtrader> Exited all Emini ES Long @ 3839.50 --> + 3.75 [09:48:48] <wrbtrader> WRB pt1 reached
[09:49:16] <wrbtrader> see my error in the prior 3 trades
[09:49:35] <wrbtrader> I thought in error that I was trading the R area of the key WRB Zone...
[09:49:50] <wrbtrader> I was actually trading the S area.
[09:50:03] <werner1>
[09:50:40] <werner1> Long Emini NQ @ 13435
[09:50:54] <werner1> Exited all Emini NQ Long @ 13441 --> + 6[09:51:25] <wrbtrader> In realtiy,..I was stuck inside the WRB Zone near the S area...not the R area
[09:54:05] <wrbtrader> Having problems moving up the range of the Long Upper Shadow interval
[09:54:24] <wrbtrader> Long Emini ES @ 3837.50 -> medium size
[09:54:31] <wrbtrader> 5 contracts
[09:54:34] <wrbtrader> early entry
[09:54:36] <werner1> mm nq
[09:56:27] <werner1> Long Emini NQ @ 13426
[09:56:32] <wrbtrader> changed the name of this type of price action from PULSATING to PSYCHOTIC
[09:57:27] <werner1> Exited all Emini NQ Long @ 13426 --> 0
[09:57:56] <werner1> punks
[09:58:45] <wrbtrader> Exited all Emini ES Long @ 3842.50 --> + 5 [09:58:56] <werner1> nice
[09:58:58] <wrbtrader> WRB pt1 reached
[09:59:10] <wrbtrader> tough trade in the PSYCHOTIC price action
[09:59:46] <werner1> kme did help you:)
[10:00:47] <werner1> Shorts Emini NQ @ 13415
[10:01:18] <werner1> Covered all Emini NQ Short @ 13400 --> + 15[10:01:44] <wrbtrader> Yes...the KME (factory orders) brought in enough volatility to suck up the price action
[10:02:32] <werner1> ok ...take a break here ..cya
[10:03:07] <wrbtrader> Bye werner
[10:03:22] <werner1>
[10:11:31] <wrbtrader> Eminis several points above the R area of the key WRB Zone
[10:12:04] <wrbtrader> nothing to do unless a minor WRB Zone forms
[10:58:20] <wrbtrader> QQQ is range bound inside the range of yesterday's price action after 2:30pm est
[11:38:57] <wrbtrader> I've had to open my TOS program to watch a few key stocks...like GME
[11:39:38] <wrbtrader> The more GME declines...the more calm (less psychotic price action) in the markets
[11:40:24] <wrbtrader> Simply, if the ALGOs are less nervous...we have less of the choppy psychotic price action
[11:48:44] <wrbtrader> Emini N
[11:49:21] <wrbtrader> NQ broke above the most recent contraction volatility that was in a tight trading range
[12:01:00] <wrbtrader> Long Emini ES @ 3851.25 -> small size
[12:01:14] <wrbtrader> 1 contract
[12:03:50] <wrbtrader> Exited Emini ES Long @ 3849.50 --> - 1.75
[12:04:00] <wrbtrader> trail stop picked
[12:04:18] <wrbtrader> picked on increasing volatility
[12:07:01] <werner1> ok take care all
[12:07:16] <wrbtrader> Long Emini ES @ 3850.25 -> small size
[12:07:26] <wrbtrader> 1 contract re-entry
[12:09:53] <wrbtrader> Exited Emini ES Long @ 3850.50 --> + 0.25
[12:10:07] <wrbtrader>
[12:11:30] <wrbtrader> Long Emini ES @ 3851.00 -> small size
[12:11:33] <wrbtrader> 1 contract re-entry
[12:16:53] <wrbtrader> Exited Emini ES Long @ 3852.00 --> + 1
[12:17:07] <wrbtrader> early exit
[12:17:11] <wrbtrader> not a WRB pt1
[13:30:53] <wrbtrader> Long Emini ES @ 3854.75 -> small size
[13:31:06] <wrbtrader> 3 contracts
[13:35:31] <wrbtrader> Exited all Emini ES Long @ 3855.25 --> + 0.5
[13:35:45] <wrbtrader> early exit
[13:35:52] <wrbtrader> not a WRB pt1
[13:36:22] <wrbtrader> be right back...distractions
[14:48:10] <wrbtrader> President Biden on TV
[15:03:41] <wrbtrader> Biden's foreign policy address is now finish
[15:54:10] <wrbtrader> Long Emini ES @ 3858.50 -> small size
[15:54:13] <wrbtrader> 3 contracts
[15:55:28] <wrbtrader> Exited all Emini ES Long @ 3859.00 --> + 0.5
[15:55:39] <wrbtrader> trail stop picked
[15:56:02] <wrbtrader> regardless...the entry was poor
[15:56:48] <wrbtrader> Trade Signal @ 3856.00
[15:56:51] <wrbtrader> missed it
[15:57:23] <wrbtrader> thought there would be enough volatility to take it higher but got picked off in a small pullback
[15:58:03] <wrbtrader> still going higher on increasing volatility
[15:58:47] <wrbtrader> Take care all and see all tomorrow
