##TheStrategyLab Price Action Chat Room Logs

Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
Free Trading Room: http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5
Business Hours: 8am - 5pm est (Mon - Fri)
questions@thestrategylab.com (24/7)
http://twitter.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, WRB, WRB Hidden GAP, WRB Zone, WRB profit targets, Key Market Events) 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 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 is primarily designed to only be a trade journal for documentation purposes so that members can have a real time stamp archive of their trades and their market commentaries of each trading day...giving them a better understanding of their broker statements from one trade to the next trade when they review their performance numbers on any given trading day in the past. Therefore, if you use our 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 (journal) to correlate with trades on your broker statements.

Also, if you want ##TheStrategyLab chat room to be educational for you, ask questions instead of lurking (not participating in conversations). You can talk about anything related to price action analysis, trade execution, financial markets, economies or news impacting the markets in general.


With that said, thanks for 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 log into ##TheStrategyLab chat room that's located on the Freenode IRC network...please follow the instructions here at the FTCHAT Support Forum @ http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5 or via the the instructions from the TSL Support Forum @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164


click on the above image to view today's price action of key markets

Note: Trader conversations below may represent different chat rooms (e.g. ##TheStrategyLab, ##WRB_Analysis, ##VolatilityTradingTSL or private messages) that have been merged together at the end of the trading day.

Session Start: Mon Mar 10 09:34:52 2014
Session Ident: ##TheStrategyLab
[09:34:52] * Now talking in ##TheStrategyLab
[09:34:52] * Topic is 'Chat room only for traders using WRB Analysis (WRBs, WRB Hidden GAPs, WRB Zones) for day trading, swing trading or position trading. | WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... 119&t=718'
[09:34:52] * Set by wrbtrader on Tue Feb 05 08:11:19
[09:34:52] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:56:21] <wrbtrader> No KME's today and so far the Emini futures, Crude Oil CL futures and Gold GC futures in a low volatility trading range since 0930am est
[09:57:21] <wrbtrader> Shorts Emini ES @ 1874.75 -> large size
[09:57:34] <wrbtrader> 10 contracts
[09:59:18] <wrbtrader> Covered all Emini ES Short @ 1875.75 --> - 1
[10:00:28] <wrbtrader> Shorts Emini ES @ 1876.25 -> large size
[10:00:44] <wrbtrader> 10 contracts
[10:00:49] <wrbtrader> re-entry
[10:01:15] <wrbtrader> Just like the past several traing days...
[10:01:37] <wrbtrader> My overall position size will be lower and my number of trades will be lower.
[10:02:44] <wrbtrader> Simply, just easy going trading for me this month except for a few trading days
[10:05:10] <wrbtrader> WRB pt1 reached
[10:06:17] <wrbtrader> Covered Emini ES Short @ 1872.75 --> + 3.5
[10:06:28] <wrbtrader> Holding 1 contract remainder
[10:06:42] <wrbtrader> WRB pt2 reached
[10:07:11] <wrbtrader> Overall volatility is still low
[10:11:57] <wrbtrader> WRB pt3 reached
[10:12:54] <wrbtrader> Covered Remainder Emini ES Short @ 1871.00 --> + 5.25
[10:14:28] <wrbtrader> Gold GC futures volatility increasing on the rising prices
[10:18:50] <tradermo> short ym at 16373
[10:20:10] <mtntrader> wrbtrader, are you using WRB Zones from prior days in this area?
[10:21:50] <TigermanTrader> all
[10:22:20] <TigermanTrader> wow forget US switch saving time already
[10:22:46] <TigermanTrader> I remember next week instead is now
[10:22:59] <TigermanTrader> already miss some profit
[10:26:11] <TigermanTrader> sh iwm 119
[10:27:12] <tradermo> exit ym at 16363
[10:28:42] <TigermanTrader> exit iwm 118.90 +10 tk
[10:31:26] <TigermanTrader> sh wm 118.81 intuit
[10:32:32] <TigermanTrader> exit at 118.88
[10:32:44] <TigermanTrader> stupid intuition
[10:32:56] <TigermanTrader> small size save me anyway
[10:35:11] <TigermanTrader> sh iwm 18.86
[10:35:13] <TigermanTrader> again
[10:35:25] <TigermanTrader> exit iwm 118.80+4
[10:37:51] <TigermanTrader> sh 18.83
[10:38:05] <TigermanTrader> exit iwm 118.80 +3 tk
[11:06:18] <TigermanTrader> price slowly down but I no see valid entry
[11:17:57] <TigermanTrader> lg iwm 118.91
[11:20:05] <TigermanTrader> exit iwm 118.95 +4tk
[12:25:11] <TigermanTrader> take care see next
[13:43:34] <wrbtrader> Shorts Emini TF @ 1194.10 -> small size
[13:43:53] <wrbtrader> 1+1 contracts
[13:54:02] <wrbtrader> Covered all Emini TF Short @ 1195.10 --> - 1
[13:58:32] <wrbtrader> Shorts Emini TF @ 1194.20 -> small size
[13:58:38] <wrbtrader> 2 contracts
[13:58:41] <wrbtrader> re-entry
[14:23:33] <wrbtrader> Covered all Emini TF Short @ 1195.00 --> - 0.8
[14:23:59] <wrbtrader> Long Emini TF @ 1195.60 -> small size
[14:24:13] <wrbtrader> 3 contracts
[14:25:15] <@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.
[14:25:55] <t4n> I might miss lots of prime trading due to daylight savings
[14:26:06] <@wrbtrader> Why
[14:26:26] <t4n> Afghanistan doesnt change clocks back
[14:26:43] <t4n> i woke up super early to trade the morning
[14:26:43] <@wrbtrader> Don't you have a "watch"
[14:26:51] <@wrbtrader> with a timer
[14:27:04] <@wrbtrader> meant a watch with an alarm
[14:27:08] <t4n> i have a job:)
[14:27:22] <@wrbtrader>
[14:27:37] <t4n> I work 12 hours a day
[14:27:45] <@wrbtrader> You trying to say you're dependent upon someone to wake you up
[14:27:51] <t4n> makes it hard to spend extra time waking up to trade
[14:28:17] <@wrbtrader> I have an old saying...don't trade when tired
[14:28:24] <@wrbtrader> seriously
[14:28:48] <t4n> i believe it
[14:30:04] <@wrbtrader> I've been gone most of the day...just resting
[14:30:12] <t4n> closing rush hour i will be at lunch, I need to figure that out
[14:30:15] <@wrbtrader> [10:20:10] <mtntrader> wrbtrader, are you using WRB Zones from prior days in this area?
[14:30:35] <@wrbtrader> mtntrader asked that question "after" I left.
[14:30:43] <@wrbtrader> I'll answer it now...
[14:30:59] <@wrbtrader> I use WRB Zones from the prior trading day...EVERY day
[14:31:17] <@wrbtrader> I also use WRB Zones created in the current day...EVERY day.
[14:33:38] <mtntrader> Thank you. I assumed you had left when you didn't answer earlier. I figured you must be looking to prior zones since there was nothing to create zone this morning early when you took your first trades.
[14:38:45] <@wrbtrader> Zones from the prior trading day are like "low hanging apples on a tree"
[14:40:12] <@wrbtrader> Simply, when the current opening session opens up within the range of the prior trading day...
[14:40:36] <@wrbtrader> Look for WRB Zones from yesterday because they are there just waiting to be used.
[14:41:22] <@wrbtrader> Exited all Emini TF Long @ 1195.50 --> - 0.1
[14:42:46] <@wrbtrader> Its rare not to see any WRB Zones
[14:43:38] <@wrbtrader> The only time such will happen is if whatever it is you're trading is at yearly highs and then gaps up at the open or at yearly lows and gaps down at the open
[14:44:04] <@wrbtrader> You won't see any WRB Zones from the prior trading day
[14:44:57] <t4n> enjoy the Eod all, seeya
[14:45:04] <@wrbtrader> In those situations, you need to wait until key market events show up or you're using your own trade signals as WRB Zones as explained in tutorial chapter 3
[14:45:47] <@wrbtrader> I know a guy that's a trendline breakout trader...most of his WRB Zones are via such.
[14:45:59] <@wrbtrader> Thus, he's mainly using tutorial chapter 3.
[14:47:02] <@wrbtrader> Every trader I've ever met...they all have their own stuff prior to meeting me.
[14:47:30] <@wrbtrader> Thus, I'm not the first trader they've ever met. Therefore, they've already been using something prior to meeting me.
[14:50:40] <mtntrader> Ok, that makes sense. Thanks again.
[14:51:20] <@wrbtrader> Yes, it makes sense but the odds are VERY HIGH that you will not use your own trade signals as a source of WRB Zones.
[14:54:22] <@wrbtrader> Traders really underestimate the power of their trade signals
[14:55:17] <@wrbtrader> Anytime you have a trade signal that then produces a swing point or strong continuation price action...
[14:55:50] <@wrbtrader> That trade signal can be then used as a WRB Zone to setup other trades IF / WHEN price action returns to the range of that trade signal price action
[14:57:17] <@wrbtrader> It doesn't matter what your trade signal is (fibs, Japanese Candlesticks, breakout, trendlines, VSA, pin bars, traditional chart patterns, market profiles, vwap and so many other stuff out there)
[14:57:52] <@wrbtrader> The only example I gave in tutorial chapter 3 was via Japanese Candlesticks.
[14:58:32] <@wrbtrader> I'll be adding some trendline stuff to tutorial chapter 3 as soon as a few traders send me charts about how they use trendline breaks as a trade signal
[15:06:06] <@wrbtrader> Shorts Emini TF @ 1195.20 -> small size
[15:06:24] <@wrbtrader> 1 contract
[15:08:45] <@wrbtrader> Price action STUCK inside the range of that big Down WRB Hidden GAP on the 5min chart @ 1330pm - 1335pm est
[15:10:29] <@wrbtrader> Shorts Emini TF @ 1195.20 -> Add
[15:10:40] <@wrbtrader> 2 added
[15:12:54] <@wrbtrader> WRB pt1 reached
[15:16:37] <@wrbtrader> Covered all Emini TF Short @ 1193.90 --> + 2.6
[15:17:04] <@wrbtrader> price added by script
[15:17:28] <@wrbtrader> should have shown as +1.3
[15:18:19] <mtntrader> Hmmm, you have a tool that types your trades into this journal?
[15:19:47] <@wrbtrader> Yes, its at the link where you got the password. Its called "trade posting script installation".
[15:20:18] <@wrbtrader> Most just ignore that script for some odd reason when the get the password.
[15:20:26] <mtntrader> Cool, I will check it out. Thx
[15:21:04] <@wrbtrader> It only works with the mIRC program.
[15:21:26] <@wrbtrader> Its possible that most in here are NOT using mIRC but using a different program to log in.
[15:23:18] <mtntrader> I installed the Trillian program. So I am guessing that the trade posting won't work with in, huh?
[15:23:31] <@wrbtrader> [15:21:04] <@wrbtrader> It only works with the mIRC program.
[15:24:05] <@wrbtrader> There's a trillian version used in trader chat rooms on the FinancialChat server...
[15:24:27] <@wrbtrader> I don't know those guys and I did ask them once about 8 years ago can I get a copy...
[15:24:31] <@wrbtrader> They said no
[15:25:49] <@wrbtrader> Anyone that knows script codes can design a trade script for any program that uses IRC network
[15:26:14] <@wrbtrader> I designed my own for mIRC program but I don't know how to do such for Trillian
[15:27:50] <mtntrader> Ok, thx
[15:36:10] <TigermanTrader> lg iwm 19.07
[15:36:34] <TigermanTrader> exit iwm 119.08 +1tk
[15:36:42] <TigermanTrader> some scalps exepriments
[15:36:47] <TigermanTrader> hi all gain btw
[15:37:09] <TigermanTrader> strong vola now
[15:42:07] <TigermanTrader> lg iwm 19.07
[15:44:04] <TigermanTrader> exit wm 19.03
[15:44:29] <TigermanTrader> -4tk
[15:46:04] <TigermanTrader> lg wm 19.08
[15:46:32] <TigermanTrader> exit wm 19.13+5tk
[15:46:45] <@wrbtrader> Long Emini TF @ 1198.00 -> small size
[15:46:57] <@wrbtrader> 1 contract
[15:49:22] <TigermanTrader> lg wm 19.17 small
[15:50:49] <TigermanTrader> exit iwm 119.22 +5tk
[15:51:13] <@wrbtrader> WRB pt1 reached
[15:53:25] <TigermanTrader> I exit too early here
[15:53:43] <TigermanTrader> small size not had coin to scale out
[15:57:24] <@wrbtrader> Exited Emini TF Long @ 1198.30 --> + 0.3
[15:58:48] <@wrbtrader> Long Emini TF @ 1198.10 -> small size
[15:58:57] <@wrbtrader> 3 contracts
[15:58:59] <@wrbtrader> re-entry
[16:00:16] <TigermanTrader> lg wm 19.26
[16:01:05] <TigermanTrader> exit iwm 119.31 +5tk
[16:01:44] <@wrbtrader> Exited all Emini TF Long @ 1200.60 --> + 2.5
[16:02:11] <@wrbtrader> WRB pt1 reached
[16:02:36] <@wrbtrader> Take care all and see all tomorrow
[16:08:09] <TigermanTrader> take care all see tomorrow
Session Close: Mon Mar 10 20:07:24 2014

-------------------------

##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 and Usd/Cad

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

Also, to prevent the usual mix-up about our different chat rooms, most of our fee-base clients do not use chat rooms just like most retail traders do not use chat rooms. Yet, the few clients that do use chat rooms, our fee-base clients are discussing market analysis or price action only trade signals via concepts from our strategies in the private chat rooms called ##VolatilityTradingTSL or ##WRB_Analysis and they're not allowed to do such in ##TheStrategyLab.

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, offending or too far in the off topic area that's a distraction when the commentary was posted.

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
intradaystrategies@yahoo.com
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