##TheStrategyLab Price Action Chat Room Logs

TheStrategyLab Price Action Trading (no technical indicators)
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
M.A. Perry a.k.a. wrbtrader (more info about me): http://www.thestrategylab.com/wrbtrader.htm
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.

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 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 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.

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 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


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

[09:30:11] * Now talking in ##TheStrategyLab
[09:30:12] -ChanServ- [##TheStrategyLab] Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[09:30:12] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:31:43] <wrbtrader> Good morning all
[09:35:50] <wrbtrader> Shorts Emini ES @ 2648.00 -> large size
[09:35:57] <wrbtrader> 10 contracts
[09:36:01] <wrbtrader> intuition
[09:37:16] <wrbtrader> FOMC statement today @ 2pm est...the biggest KME of the dady
[09:37:22] <wrbtrader> day
[09:38:03] <wrbtrader> Covered all Emini ES Short @ 2645.25 --> + 2.75
[09:39:21] <wrbtrader> Recent email - Why do I not trade > 10 contracts if you're consistently profitable ??
[09:39:35] <wrbtrader> Risk Management\
[09:39:56] <wrbtrader> As soon as you violate your "risk"...bad things will follow
[09:40:48] <wrbtrader> I have seen consistent profitable traders go belly up (broke) when they get caught in a few bad trades while violating their risk management
[09:41:07] <wrbtrader> Shorts Emini ES @ 2644.50 -> large size
[09:41:13] <wrbtrader> 10 contracts
[09:41:16] <wrbtrader> late entry
[09:41:32] <wrbtrader> 2645.00 was the better price
[09:42:25] <Tigerman______> all
[09:42:26] <wrbtrader> Covered all Emini ES Short @ 2644.25 --> + 0.25
[09:42:31] <Tigerman______> hi wrbtrader
[09:43:06] <Tigerman______> today I want trade at minimu as n. of trades
[09:43:26] <wrbtrader> How many trades have you taken so far ??
[09:43:32] <Tigerman______> simply not fully set up ...plenty of other things to do...and Big Kme later
[09:44:27] <Tigerman______> today just one short at 2645.50 ES
[09:44:57] <Tigerman______> at the end of the obvious downtrend mostly in NQ
[09:45:12] <Tigerman______> just too messy offsync between e-minies
[09:45:19] <wrbtrader> 1030am & 2pm est KME's still remaining on the board
[09:45:32] <Tigerman______> yeah 2pm is key
[09:45:53] <Tigerman______> usually bad move before that ... snake price action
[09:49:47] <Tigerman______> tight action in all e-minies just NQ is a bit awake
[09:50:15] <Tigerman______> my goal is to avoid trades in this kind of mud
[09:55:47] <Tigerman______> FDAX filled now a Big gap from early february
[10:01:50] <Tigerman______> lg dax 18830
[10:09:30] <Tigerman______> exit all Dax @ 18836 +12 tks wrb pt1
[10:09:49] <Tigerman______> price climbed upper shadow
[10:10:01] <Tigerman______> simply contracting a lot here
[10:19:45] <wrbtrader> Yes...exactly
[10:20:23] <wrbtrader> Volatility came out of the gate doing well but its has now "slowed" down considerably
[10:20:27] <wrbtrader> That
[10:20:50] <wrbtrader> That is what I suspected it was going to do on a FOMC day...slow volatility out of the gate
[10:21:21] <wrbtrader> But that didn't happen...normal like volatility instead out of the gate but it has now gone to what I expected...low volatility
[10:21:59] <wrbtrader> It should start pickup during the noon lunch hour and especially the hour going into the 2pm est FOMC announcement
[10:25:10] <Tigerman______> yep agree
[10:32:04] <wrbtrader> Long Emini ES @ 2644.25 -> small size
[10:32:16] <wrbtrader> 1 contract
[10:32:48] <wrbtrader> shallow WRB pt1 and its choppy
[10:33:29] <werner> hi all
[10:33:31] <wrbtrader> should have taken that WRB pt1
[10:34:17] <wrbtrader> may get a 2nd chance at it
[10:35:06] <wrbtrader> Exited Emini ES Long @ 2646.50 --> + 2.25
[10:35:36] <wrbtrader> There's always a "little luck" involved in profitable trading
[10:35:41] <wrbtrader> Lucky trade for me
[10:57:00] <wrbtrader> VIX is stable in the 15 - 16 range
[10:57:43] <wrbtrader> Therefore, I'm expecting a normal like price reaction to the FOMC announcement...
[10:57:55] <wrbtrader> I hope I'm wrong and some crazy volatility shows up
[11:53:59] <wrbtrader> I'm very surprise the most recent price drop...I wasn't expecting any decent price movements until late into the lunch hour trading session
[11:54:33] <wrbtrader> Its crazy the reputation the FOMC has over traders
[11:55:09] <wrbtrader> Some stay away from the day...take the day off...go play golf...see a movie
[11:55:49] <wrbtrader> Others believe its the best profitable trading periods or it sets up trading days soon afterwards to be big profitable trading days
[12:13:01] <wrbtrader> DAX futures has decent volatility today
[12:13:25] <wrbtrader> same with CAC40 futures & FTSE100 futures
[12:13:47] <wrbtrader> Most likely traders eager to trade today because yesterday was a holiday
[12:21:50] <Tigerman______> take care all see all next time
[12:21:58] <wrbtrader> take care
[12:33:17] <wrbtrader> Emini futures contracted inside the range of a big Down WRB Hidden GAP interval
[12:41:58] <wrbtrader> Shorts Emini ES @ 2646.00 -> small size
[12:42:07] <wrbtrader> 1 contract
[12:44:03] <wrbtrader> Covered Emini ES Short @ 2647.00 --> - 1
[12:46:52] <wrbtrader> Shorts Emini ES @ 2646.50 -> small size
[12:46:59] <wrbtrader> 2 contracts
[12:47:49] <wrbtrader> Covered all Emini ES Short @ 2644.75 --> + 1.75
[12:48:01] <wrbtrader> WRB pt1 reached
[14:03:05] <wrbtrader> obvious spike in the volatility right now
[14:07:05] <wrbtrader> Long Emini ES @ 2655.25 -> small size
[14:07:17] <wrbtrader> 3 contracts
[14:07:46] <wrbtrader> I'm surprise at the shallow pullback
[14:07:58] <wrbtrader> reason why I got Long after seeing that
[14:10:26] <wrbtrader> WRB pt1 reached
[14:10:55] <wrbtrader> I think it can go higher but the volatility is not helping...need more to do that
[14:13:19] <wrbtrader> Exited all Emini ES Long @ 2657.00 --> + 1.75
[14:13:44] <wrbtrader> trail stop pick pocketed @ WRB pt1
[14:15:32] <wrbtrader> A very calm FOMC price reaction
[14:15:58] <wrbtrader> without any dramatically change in volatility and no dramatic price swings
[14:26:28] <wrbtrader> Long Emini ES @ 2653.00 -> small size
[14:26:37] <wrbtrader> 1 contract
[14:27:06] <wrbtrader> not enough volatility to prompt a large size position
[14:30:25] <wrbtrader> Exited Emini ES Long @ 2653.25 --> + 0.25
[14:31:34] <wrbtrader> trail pick pocketed
[14:35:03] <wrbtrader> Shorts Emini ES @ 2653.25 -> medium size
[14:35:17] <wrbtrader> 5 contracts
[14:35:28] <wrbtrader> volatility slowly increasing
[14:35:55] <wrbtrader> After I enter...now stopped
[14:36:23] <wrbtrader> picking up again
[14:37:56] <wrbtrader> Emini ES trying to do a snapback upwards
[14:38:40] <wrbtrader> Covered all Emini ES Short @ 2652.75 --> + 0.5
[14:52:26] <wrbtrader> Overall volatility by the VIX has worsen (declined, contracted)
[14:55:47] <wrbtrader> Shorts Emini ES @ 2647.25 -> small size
[14:55:56] <wrbtrader> 3 contracts
[14:56:52] <wrbtrader> trade via the price action in Emini NQ futures
[14:57:42] <wrbtrader> Covered all Emini ES Short @ 2647.50 --> - 0.25
[14:58:04] <wrbtrader> trail pick pocketed before I could move it to profit
[15:00:57] <wrbtrader> Shorts Emini ES @ 2646.50 -> small size
[15:01:08] <wrbtrader> 3 contracts
[15:01:23] <wrbtrader> WRB pt1 reached
[15:01:49] <wrbtrader> Covered all Emini ES Short @ 2646.25 --> + 0.25
[15:01:54] <wrbtrader>
[15:01:56] <wrbtrader> geesh
[15:03:29] <wrbtrader> Long Emini ES @ 2646.75 -> small size
[15:03:42] <wrbtrader> 3 contracts
[15:06:30] <wrbtrader> WRB pt1 reached but not able to grab it
[15:06:39] <wrbtrader> hopefully I get a 2nd chance at it
[15:07:26] <wrbtrader> WRB pt1 was @ 2649.25
[15:11:59] <wrbtrader> Exited all Emini ES Long @ 2648.00 --> + 1.25
[15:19:51] <wrbtrader> Shorts Emini ES @ 2645.00 -> medium size
[15:20:01] <wrbtrader> 5 contracts
[15:20:07] <wrbtrader> volatility picking up again
[15:21:58] <wrbtrader> Covered all Emini ES Short @ 2642.00 --> + 3
[15:22:08] <wrbtrader> WRB pt1 reached
[15:23:37] <wrbtrader> Shorts Emini ES @ 2639.00 -> medium size
[15:23:45] <wrbtrader> 5 contracts
[15:25:52] <werner> active trading day for you
[15:26:16] <wrbtrader> Yes...a little extra energy today
[15:26:31] <werner> no trades here ...other things to do here
[15:26:38] <wrbtrader> Covered all Emini ES Short @ 2639.00 --> 0
[15:30:17] <wrbtrader> Shorts Emini ES @ 2639.50 -> medium size
[15:30:21] <wrbtrader> re-entry 5 contracts
[15:30:50] <wrbtrader> WRB pt1 reached
[15:31:22] <wrbtrader> Covered all Emini ES Short @ 2636.75 --> + 2.75
[15:33:24] <werner> vn
[15:34:58] <werner> nice start of a new month
[15:37:38] <wrbtrader> Shorts Emini ES @ 2637.00 -> small size
[15:37:46] <wrbtrader> 3 contracts
[15:38:01] <wrbtrader> WRB pt1 reached
[15:38:25] <wrbtrader> Covered all Emini ES Short @ 2636.50 --> + 0.5
[15:38:33] <wrbtrader> snapback
[15:39:05] <wrbtrader> trail stop pick pocketed before I could take that WRB pt1
[15:45:56] <wrbtrader> Shorts Emini ES @ 2634.00 -> medium size
[15:46:05] <wrbtrader> 5 contracts
[15:47:37] <wrbtrader> I'm now expecting a volatility spike
[15:47:46] <wrbtrader> it contracted too much
[15:48:27] <wrbtrader> trailing @ profit
[15:48:49] <wrbtrader> Covered all Emini ES Short @ 2633.75 --> + 0.25
[15:48:56] <wrbtrader>
[15:49:26] <wrbtrader> Shorts Emini ES @ 2632.75 -> medium size
[15:49:34] <wrbtrader> re-entry
[15:49:38] <wrbtrader> 5 contracts
[15:49:51] <wrbtrader> shallow WRB pt1 reached
[15:52:38] <wrbtrader> Covered all Emini ES Short @ 2630.00 --> + 2.75
[15:58:34] <wrbtrader> Shorts Emini ES @ 2631.75 -> medium size
[15:58:46] <wrbtrader> re-entry
[15:58:50] <wrbtrader> 5 contracts
[15:59:48] <wrbtrader> Covered all Emini ES Short @ 2633.00 --> - 1.25
[16:00:39] <wrbtrader> Shorts Emini ES @ 2631.50 -> medium size
[16:00:47] <wrbtrader> 5 contracts
[16:02:45] <wrbtrader> Covered all Emini ES Short @ 2629.75 --> + 1.75
[16:02:59] <wrbtrader> Take care all and see all tomorrow
[16:09:16] <werner> dito
[20:24:30] * Disconnected

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

##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.


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 MHI

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, 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 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

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)
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)