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)
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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:
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click on the above image to view today's price action of key markets
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[09:30:50] * Now talking in ##TheStrategyLab
[09:31:34] <Tigerman_______>
all[09:32:24] <wrbtrader> Long Emini ES @ 3988.25 -> small size
[09:32:32] <wrbtrader> 3 contracts
[09:33:09] <wrbtrader> Good morning...
[09:33:34] <wrbtrader> Emini NQ now pushed above the R area of its KME Key WRB Zone
[09:34:45] <wrbtrader> Exited all Emini ES Long @ 3990.25 --> + 2
[09:34:53] <wrbtrader> early exit
[09:34:59] <wrbtrader> not a WRB pt1
[09:34:59] <Tigerman_______> lg ES 3989.25
[09:35:26] <Tigerman_______> exit all ES @ 3990.50 +1.25
[09:35:41] <Tigerman_______> my chart frozen some minutes ago
[09:47:17] <Tigerman_______> Kme @ 9:45 am
[09:54:52] <wrbtrader> I was hoping that KME would shake up the price action
[09:55:02] <wrbtrader> so far...not much shaking
[09:56:44] <Tigerman_______> yep
[10:25:52] <wrbtrader> There was a lot of boring price action yesterday too...
[10:26:11] <wrbtrader> Today is worst then yesterday...more watching paint dry on the walls today
[10:26:49] <Tigerman_______> after losing lot of money in these slow action ...
[10:27:03] <Tigerman_______> I no trade it anymore
[10:30:55] <wrbtrader> Have you been watching the deterioation in the VIX lately
[10:31:07] <wrbtrader> Today its down more @ 17.98
[10:31:57] <wrbtrader> The lower the VIX goes...I decrease my overall position even more
[10:32:30] <Tigerman_______> yep VIX creeping lower
[10:33:24] <Tigerman_______> lowering more = no trade and trade with 1 contract only
[10:37:39] <Tigerman_______> meanwhile pandemic hit hard again in EU
[10:52:49] <wrbtrader> There was so much warnings about these "variants"...
[10:53:23] <wrbtrader> Most people argue / protested about the protections in an effort to keep countries open...
[10:53:40] <wrbtrader> More maskless protestes and so on
[10:54:05] <Tigerman_______> variants identified last fall in UK variant B117
[10:54:10] <wrbtrader> Now case counts and hospitalizations are rising again...countries are using lockdowns
[10:55:05] <wrbtrader> At this point...I think people enjoy the restrictions / lockdowns which is why they continue to party / protest maskless
[10:55:17] <Tigerman_______> UK closed all schools since January
[10:55:45] <wrbtrader> It's like having a defiant child...they become self-destructive to try to hurt you but in reality they're hurting themselves worst
[10:56:24] <Tigerman_______> wrbtrader.... lockdowns are valid if done properly
[10:56:33] <Tigerman_______> as you know
[10:57:07] <Tigerman_______> simply most countries let schools open ... when most of vrirus spread there
[10:57:48] <Tigerman_______> youngster are heavy hit sample
[10:58:13] <wrbtrader> I'm not a big fan of lockdowns but I am a big fan of border closures, vaccinations for the elderly / ethnic communities / migrant workers / tehose with underlying medical conditions because statistically...Covid hits them the hardest
[10:58:40] <Tigerman_______> simply most no show any sign of it... in contrast they bring infection in family and hit relativies
[10:58:59] <wrbtrader> I also believe in Darwinism
[10:59:59] <wrbtrader> Those defiant...a variant will come alone and weed them out while others are protected
[11:03:03] <wrbtrader> Long Emini ES @ 3998.50 -> small size
[11:03:13] <wrbtrader> 1 contract intuition
[11:03:59] <Tigerman_______> I avoid any trade right now
[11:04:35] <wrbtrader> now stalling
[11:04:38] <wrbtrader>
[11:04:53] <Tigerman_______> plus I ll exit soon
[11:05:05] <wrbtrader> Exited Emini ES Long @ 3998.75 --> + 0.25
[11:05:08] <Tigerman_______> spring is here
[11:05:34] <wrbtrader> Strange pop above 4000.00
[11:05:40] <wrbtrader> superfast...algo
[11:06:20] <wrbtrader> Shorts Emini ES @ 3997.00 -> small size
[11:06:28] <wrbtrader> 1 contract intuition
[11:06:44] <wrbtrader> volatilty getting more weird
[11:07:57] <wrbtrader> NQ has a KME Key WRB Zone sitting below...could try to retest it if the price action breaks below the most recent reaction low of 1056am est
[11:08:41] <wrbtrader> Covered Emini ES Short @ 3996.75 --> + 0.25
[11:08:46] <wrbtrader> punks
[11:08:50] <wrbtrader> trail stop picked
[11:09:51] <wrbtrader> Shorts Emini ES @ 3997.50 -> small size
[11:10:01] <wrbtrader> 1 contract re-entry
[11:10:17] <wrbtrader> better entry price into the same price action
[11:10:42] <wrbtrader> two weird fast price action in a few minutes
[11:10:54] <wrbtrader> will keep a tight stop on this one
[11:11:03] <wrbtrader> trailing @ profit
[11:11:48] <wrbtrader> Emini NQ now below its most recent reaction low
[11:12:33] <wrbtrader> Covered Emini ES Short @ 3997.00 --> + 0.5
[11:12:41] <wrbtrader> trail stop picked
[11:18:18] <wrbtrader> NQ below that most recent reaction low...now approaching the KME Key WRB Zone
[11:18:54] <wrbtrader> Shorts Emini ES @ 3995.50 -> small size
[11:19:09] <wrbtrader> 1 contract intuition
[11:20:43] <wrbtrader> Covered Emini ES Short @ 3995.25 --> + 0.25
[11:21:04] <wrbtrader> bailed...snapback potential started building up
[11:22:17] <wrbtrader> Long Emini ES @ 3998.00 -> small size
[11:22:24] <wrbtrader> 1 contract
[11:22:33] <wrbtrader> poor entry
[11:22:45] <wrbtrader> first poor entry of the day
[11:24:21] <wrbtrader> Exited Emini ES Long @ 3996.75 --> - 1.25
[11:25:03] <wrbtrader> Shorts Emini ES @ 3995.75 -> small size
[11:25:09] <wrbtrader> 2 contracts
[11:25:51] <wrbtrader> another attempt by NQ to get closer to the KME Key WRB Zone
[11:29:05] <wrbtrader> stop tighten
[11:30:44] <wrbtrader> Covered all Emini ES Short @ 3996.75 --> - 1
[11:33:11] <Tigerman_______> ok I exit here
[11:33:24] <wrbtrader> Shorts Emini ES @ 3996.25 -> small size
[11:33:38] <wrbtrader> 2 contracts
[11:34:02] <Tigerman_______> I ll trade next week after holiday
[11:34:11] <wrbtrader> Take care
[11:34:15] <Tigerman_______> so have a safe weekend
[11:34:32] <Tigerman_______> take care wrbtrader see next week
[11:38:05] <wrbtrader> Covered all Emini ES Short @ 3995.75 --> + 0.5
[11:38:39] <wrbtrader> Shorts Emini ES @ 3995.75 -> small size
[11:38:49] <wrbtrader> 2 contracts re-entry
[11:43:27] <wrbtrader> Emini NQ retesting the R area of the KME Key WRB Zone
[11:44:27] <wrbtrader> Covered all Emini ES Short @ 3995.25 --> + 0.5
[11:44:34] <wrbtrader>
[11:44:42] <wrbtrader> tight trail stop picked
[11:45:31] <wrbtrader> NQ now bouncing off the R area
[11:45:40] <wrbtrader> ES is contracting more
[11:45:50] <wrbtrader> I'm now expecting a volatility spike here soon
[11:47:21] <wrbtrader> Shorts Emini ES @ 3995.50 -> small size
[11:47:25] <wrbtrader> 2 contracts
[11:47:39] <wrbtrader> re-entry
[11:48:24] <wrbtrader> Covered all Emini ES Short @ 3996.50 --> - 1
[11:49:16] <wrbtrader> Long Emini ES @ 3996.25 -> small size
[11:49:23] <wrbtrader> 1 contract
[11:51:24] <wrbtrader> Exited Emini ES Long @ 3996.75 --> + 0.5
[11:52:16] <wrbtrader> profitable trades stuck as smaller than my losing trades
[11:52:29] <wrbtrader> still too much contraction in the volatility
[11:53:00] <wrbtrader> That volatility spike was too small eventhough it went against me on the losing Short
[12:05:12] <wrbtrader> Long Emini ES @ 3998.50 -> small size
[12:05:20] <wrbtrader> 2 contracts early entry
[12:05:36] <wrbtrader>
\[12:05:40] <wrbtrader> geeesj
[12:06:13] <wrbtrader> back to the 4000 price level
[12:06:26] <wrbtrader> Exited all Emini ES Long @ 4000.00 --> + 1.5
[12:06:38] <wrbtrader> early exit
[12:06:41] <wrbtrader> not a WRB pt1
[12:07:31] <wrbtrader> I remember what it did the prior time when it got above the 4000 level...it snapback immediately on some strange super price action (most likely algo)
[12:08:02] <wrbtrader> If NQ can stabilize here...ES should be able to do the same above 4000
[12:08:51] <wrbtrader> Long Emini ES @ 4000.00 -> small size
[12:09:01] <wrbtrader> 3 contracts intuiiton
[12:09:52] <wrbtrader> Exited all Emini ES Long @ 4000.25 --> + 0.25
[12:10:43] <wrbtrader> poor entry with poor exit
[12:12:35] <wrbtrader> Shorts Emini ES @ 3999.25 -> small size
[12:12:43] <wrbtrader> 3 contracts
[12:13:36] <wrbtrader> early entry / great entry...not paying off
[12:13:58] <wrbtrader> expected a lot more volatility here
[12:16:46] <wrbtrader> just saw big size pass through
[12:17:06] <wrbtrader> someone pushing this down further
[12:17:42] <wrbtrader> Covered all Emini ES Short @ 3999.25 --> 0
[12:17:51] <wrbtrader> snapback Up
[12:17:56] <wrbtrader> trail stop picked
[12:19:55] <wrbtrader> Long Emini ES @ 4000.50 -> small size
[12:20:03] <wrbtrader> 1 contract
[12:22:18] <wrbtrader> Exited Emini ES Long @ 4001.00 --> + 0.5
[12:25:15] <wrbtrader> Long Emini ES @ 4001.00 -> small size
[12:25:24] <wrbtrader> 3 contracts
[12:25:33] <wrbtrader> increasing volatility
[12:30:06] <wrbtrader> Exited all Emini ES Long @ 4001.50 --> + 0.5
[12:30:17] <wrbtrader> tiny WRB pt1
[12:30:32] <wrbtrader> had to take it...volatility contracted again
[12:30:45] <wrbtrader> in Emini ES
[12:31:01] <wrbtrader> In contrast, NQ was OK
[12:34:19] <wrbtrader> Long Emini ES @ 4001.75 -> small size
[12:34:33] <wrbtrader> 1 contract
[12:34:40] <wrbtrader> re-entry
[12:35:54] <wrbtrader> Exited Emini ES Long @ 4001.25 --> - 0.5
[12:37:24] <wrbtrader> Shorts Emini ES @ 4000.75 -> small size
[12:37:31] <wrbtrader> 3 contracts
[12:40:11] <wrbtrader> Covered all Emini ES Short @ 4001.75 --> - 1
[12:41:00] <wrbtrader> Shorts Emini ES @ 4000.75 -> small size
[12:41:12] <wrbtrader> 3 contracts re-enter
[12:43:57] <wrbtrader> Covered all Emini ES Short @ 4001.00 --> - 0.25
[12:44:37] <wrbtrader> Shorts Emini ES @ 4001.25 -> small size
[12:44:50] <wrbtrader> re-entry 3 contracts
[12:44:55] <wrbtrader> still contracted
[12:45:54] <wrbtrader> Covered all Emini ES Short @ 4001.50 --> - 0.25
[12:46:15] <wrbtrader> Short Squeeze
[12:46:57] <wrbtrader> Long Emini ES @ 4001.75 -> small size
[12:47:17] <wrbtrader> 3 contracts
[12:48:47] <wrbtrader> Exited all Emini ES Long @ 4001.75 --> 0
[12:49:42] <wrbtrader> Shorts Emini ES @ 4001.25 -> small size
[12:49:52] <wrbtrader> 3 contracts intuition
[12:53:49] <wrbtrader>
[12:54:31] <wrbtrader> Covered all Emini ES Short @ 4001.00 --> + 0.25
[12:58:51] <wrbtrader> Long Emini ES @ 4001.50 -> small size
[12:59:07] <wrbtrader> 3 contracts
[13:03:09] <wrbtrader> Exited all Emini ES Long @ 4001.75 --> + 0.25
[13:03:34] <wrbtrader> now turned into a very tight trading range
[13:03:39] <wrbtrader> still no breakout
[13:10:49] <wrbtrader> Shorts Emini ES @ 3999.75 -> small size
[13:10:57] <wrbtrader> 3 contracts
[13:11:26] <wrbtrader> broke below the S area of the contracting volatility
[13:15:55] <wrbtrader> patience being tested a lot today
[13:16:04] <wrbtrader> Covered all Emini ES Short @ 3999.75 --> 0
[13:16:53] <wrbtrader> Shorts Emini ES @ 3999.00 -> small size
[13:17:05] <wrbtrader> 3 contracts re-entry
[13:17:40] <wrbtrader> NQ nearing the R area of the KME Key WRB Zone again...
[13:18:58] <wrbtrader> small WRB pt1 reached
[13:20:11] <wrbtrader> Covered all Emini ES Short @ 3998.00 --> + 1
[14:09:24] <wrbtrader> Crazy...price action bounced back up into the price area of prior contracting volatility
[14:11:02] <patrckcac> Hey wrb. Appreciate fixing my login
[14:18:01] <wrbtrader> Hi pat...welcome back.
[14:18:51] <wrbtrader> Hey, I just want to say you have the best private trade journal at the forum
[14:25:17] <patrckcac> wrb the next time I come back I will be ready to post my trades but you can always find my broker statements in the private thread. bye and wish the best for your family
[14:51:14] <wrbtrader> Thanks for stopping by and for the good wishes. Enjoy your holiday. Oh...great pictures you shared in your private journal of the protesting in Europe
[16:14:03] <wrbtrader> Take care...see all next week
Session Close
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@ wrbtrader @ Frequently Asked Questions @ What is WRB Analysis @ Risk Warnings @ Terms of Use Policy
-----------------------
##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 trade alert 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 Micro E-mini Futures MES, MNQ, MYM and M2K 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 BZ/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
TheStrategyLab Review about Dr. Dean Handley @ http://www.thestrategylab.com/dr-dean-handley-review.htm Rebuttal to Mr. Emmett Moore Jr. via TheStrategyLab.com Review @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167 Review of Emmett Moore Jr. Tradingschools @ http://www.thestrategylab.com/emmett-moore-jr-tradingschools-review.htm 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=2844 Trolls Review @ http://www.thestrategylab.com/trolls-review.htmNote: 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 analysis)
a.k.a. wrbtrader (more info about me): http://www.thestrategylab.com/wrbtrader.htm
TheStrategyLab Price Action Trading
@ http://twitter.com/wrbtrader 
@ http://stocktwits.com/wrbtrader 
@ https://www.tradingview.com/u/wrbtraderPhone: +1 224 307-4434
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
wrbanalysis@gmail.com (24/7)