##TheStrategyLab Price Action Chat Room Logs

Price Action Trading (no technical indicators)
Phone: +1 708 572-4885
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
Business Hours: 8am - 5pm est (Mon - Fri)
wrbanalysis@gmail.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, 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) 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 chat room is is primarily designed for you to use as a trade journal of your WRB Analysis or real-time trades with time stamp archive....giving you a better understanding of your broker statements from one trade to the next trade when you review your 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 to correlate with your broker statements. Therefore, the usefulness of ##TheStrategyLab chat room is determined via your participation in the chat room.

Also, ##TheStrategyLab chat room is not designed to be educational. Simply, members using the chat room are not there to teach you how to trade and you will not see me discussing the reasons (strategies) behind my trades within ##TheStrategyLab chat room because those reasons (strategies) are only discussed with fee-base clients in a different chat room. Yet, if you want ##TheStrategyLab chat room to be educational or more active in discussing whatever it is that you're trading, we highly recommend that you ask trading related questions about your own trading instead of lurking (not saying anything) because your primary purpose is to improve your trading if you're a struggling trader. Therefore, don't join ##TheStrategyLab and then be silent. To be silent while using ##TheStrategyLab chat room, you'll be wasting a collaboration opportunity for improving your trading and doing such will make ##TheStrategyLab chat room useless to you.


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 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

##TheStrategyLab Archive Chat Logs


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

Session Start: Wed Sep 02 09:34:04 2015
Session Ident: ##TheStrategyLab
[09:34:04] * Now talking in ##TheStrategyLab
[09:34:04] * Topic is 'Chat room for traders that are using concepts from WRB Analysis to help improve their entry signals, initial stop/loss management, profitable trail stops or profit targets. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... 119&t=718'
[09:34:04] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:34:05] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:34:29] <Tigerman___> sh cl 45.68
[09:35:24] <jpan> 31.5 out 3
[09:35:31] <jpan> 3 left
[09:35:48] <Tigerman___> exit 1/2 66 +2t
[09:36:25] <Tigerman___> exit all 45.60 +8t
[09:36:59] <jpan> 31 out 1
[09:39:10] <Tigerman___> wow my short on CL missed this big down spike
[09:40:57] <jpan> 34s add
[09:41:22] <jpan> 2 cars
[09:42:41] <jpan> 31 out 2
[09:45:27] <Tigerman___> sh es 30
[09:45:32] <Tigerman___> exit all 29.5
[09:45:37] <Tigerman___> dam
[09:45:48] <jpan> 28 all out
[09:45:54] <jpan> im done, tired today
[09:46:01] <Tigerman___> platform issue reject my stop order cause a mess
[09:46:26] <jpan> @vwap anyways, c'ya all
[09:49:19] <acon0> Decent move since open, still a ways above the session gap fill.
[09:58:43] <Tigerman___> confusing action in e-minies
[09:58:58] <Tigerman___> waiting x 10am Kme
[10:00:33] <wrbtrader> Shorts Emini ES @ 1928.25 -> large size
[10:00:43] <wrbtrader> 10 contracts
[10:01:05] <wrbtrader> strange broker quotes versus chart quotes
[10:02:10] <wrbtrader> Covered all Emini ES Short @ 1930.50 --> - 2.25
[10:02:32] <wrbtrader>
[10:03:02] <wrbtrader> market order @ 1929.50 and filled @ 1928.25
[10:03:08] <wrbtrader> some kind of a game going on
[10:04:06] <wrbtrader> Shorts Emini ES @ 1930.75 -> large size
[10:04:15] <wrbtrader> re-entry
[10:04:21] <wrbtrader> 10 contracts
[10:04:34] <wrbtrader> will not use a market order for the remainder of the day
[10:06:09] <wrbtrader> Covered all Emini ES Short @ 1929.00 --> + 1.75
[10:06:58] <TradeSnake______> Short GC @ 1137.2
[10:11:58] <wrbtrader> Shorts Emini ES @ 1929.25 -> large size
[10:12:09] <wrbtrader> 15 contracts
[10:13:02] <wrbtrader> wow
[10:14:50] <lightenup> Fast snap back in e minis
[10:15:19] <Andresfx> mornign
[10:16:39] <Tigerman___> super dangerous action
[10:16:45] <wrbtrader> Covered all Emini ES Short @ 1931.25 --> - 2
[10:16:50] <Tigerman___> barely at breakeven x me
[10:17:11] <wrbtrader> Anybody remember the phrase "cross orders" and what it means
[10:17:58] <Tigerman___> umh not sur what doyou mean wrbtrader
[10:18:10] <wrbtrader> It a order terminology
[10:18:31] <Corner> I think it's an order crossed by the broker, not the exchange
[10:18:35] <wrbtrader> Shorts Emini ES @ 1929.25 -> large size
[10:19:04] <wrbtrader> I think that's the word for the way prices jump around
[10:19:29] <lightenup> Same as matched order a stock market term meaning an order to buy and sell the same
[10:19:33] <Corner> It's a word for a broker ripping its clients
[10:19:47] <wrbtrader> That's what I thought
[10:20:24] <Tigerman___> finally we got a break somewhere
[10:20:46] <acon0> Before hft, it happened more (even as far as bid > ask). Sub-ms latencies make it pretty rare now.
[10:22:05] <wrbtrader> Covered all Emini ES Short @ 1924.50 --> + 4.75
[10:22:35] <Tigerman___> price climb most recent wrb hg in 1m es
[10:22:38] <wrbtrader> I think there's a ton of "cross orders" occurring even though I may have the wrong terminology
[10:22:56] <wrbtrader> It primarily occurs in that strange chop
[10:23:46] <wrbtrader> For example...prices moving directional to the upside...
[10:23:58] <wrbtrader> 2, 3, 4, 5, 6 and 7...
[10:24:17] <wrbtrader> Suddenly there's a price at 4 and 5 and then back to 7
[10:24:26] <Corner> If a broker has a lot of customer orders that match, they try to save the exchange fee (for them).
[10:24:38] <wrbtrader> as if the 4 and 5 were some sort'uv "late order" or "missed order"
[10:24:48] <Corner> That can lead to strange prices
[10:24:57] <wrbtrader> And they are obligated to honor that price which is why it shows up
[10:25:07] <wrbtrader> But why does it "consistently" shows up
[10:25:15] <Tigerman___> wrbtrader....
[10:25:21] <wrbtrader> Doesn't seem like "late orders"
[10:25:48] <Tigerman___> what I note these days is low liquidity on ES
[10:25:54] <acon0> @corner, True, but it's rare for a good broker to hold on to the orders. I imagine retail brokers do it more often. (I had a 401k broker that would mail me confirmation of orders)
[10:25:58] <Tigerman___> on first level
[10:26:28] <wrbtrader> These strange orders have been consistent.
[10:26:39] <Tigerman___> seems algo s or they are off from markets
[10:26:41] <wrbtrader> If it wasn't consistent...I wouldn't even be thinking about it.
[10:26:54] <Corner> IB say, they execute every order on the exchange...
[10:27:30] <Corner> Some retail brokers even take the other side...
[10:27:39] <wrbtrader> ES dropping again...1924.00...lets see if suddently we start seeing 1925
[10:27:56] <wrbtrader> If it happens...that's when the chop shows up
[10:28:38] <wrbtrader> price will then bounce around between 1924 - 1926 as if that 1925 (late order or missed order) becomes some kind'uv a mean
[10:29:32] <wrbtrader> Price action temporarily still come right now
[10:29:43] <wrbtrader> moving downwards
[10:30:14] <lightenup> TF just filled the gap
[10:30:28] <Corner> Short ES 1923.00
[10:30:38] <Tigerman___> sh es 22
[10:31:09] <Tigerman___> exit 1/2 20 +8t
[10:31:15] <wrbtrader> Shorts Emini ES @ 1919.75 -> large size
[10:31:49] <wrbtrader> 15 contracts
[10:32:05] <Tigerman___> exit 1/4 20 +8t
[10:33:24] <wrbtrader> Covered all Emini ES Short @ 1918.50 --> + 1.25
[10:33:29] <Tigerman___> exit all 18 +12t
[10:33:36] <wrbtrader> shallow WRB pt1 reached
[10:33:46] <Tigerman___> correction 1919 es
[10:33:48] <wrbtrader> not the goal of the trade
[10:33:52] <wrbtrader> Thus, an early exit
[10:33:56] <Tigerman___> nice move in CL
[10:34:56] <wrbtrader> Tigerman, yes...the liquidity has dropped in the Emini ES while the volatility increased
[10:35:01] <wrbtrader> That's very bad
[10:35:17] <wrbtrader> If liquidity drops...we want to see volatility drop
[10:35:59] <wrbtrader> Simply, right now we have less market participants (they are probably scared to death of this price action or market conditions) while volatility conditions are high
[10:36:30] <wrbtrader> Usually this is something caused by "institutional traders"
[10:36:59] <Tigerman___> yeah big positions are off after Big decline in previous days
[10:37:06] <wrbtrader> Boss probably slapping everyone on the top of their heads to tell them not to touch this crap
[10:38:29] <Tigerman___> what I m thinking these days is try to see showed bid/ask vs real executed trades
[10:38:47] <Corner> Covered all 1922.50 +0.50
[10:38:48] <Tigerman___> I need a software to that
[10:39:29] <wrbtrader> Years back Bloomberg had some kind of a indicator measurent for liquidity versus volatility to mainly help institutions know if they should be trading or not trading that particular instrument as in lowering/increasing their position size...if I remember it correctly
[10:39:48] <TradeSnake______> Covered GC @ 1133.3 --> +3.9
[10:40:27] <wrbtrader> Other sites didn't do it in real-time but did it on a monthly measurement
[10:40:32] <Corner> Short ES 1920.00 re-entry
[10:41:03] <Tigerman___> sh es 21
[10:41:45] <Tigerman___> exit 1/2 20.50 +2t
[10:42:14] <Tigerman___> exit all 20.75 +1t
[10:44:01] <Corner> Covered all 1922.00 -2.00
[10:47:14] <wrbtrader> Shorts Emini ES @ 1919.75 -> large size
[10:47:28] <wrbtrader> 15 contracts
[10:49:04] <wrbtrader> Regular Session fill @ 1915.75
[10:49:13] <wrbtrader> for Emini ES futures
[10:49:24] <lightenup> TF keeps testing between suport and resistance of the Down WRBHG at 10:19
[10:52:09] <wrbtrader> Covered all Emini ES Short @ 1919.25 --> + 0.5
[10:52:58] <wrbtrader> Shorts Emini ES @ 1920.00 -> large size
[10:53:05] <wrbtrader> re-entry
[10:56:02] <wrbtrader> Covered all Emini ES Short @ 1919.50 --> + 0.5
[10:56:10] <wrbtrader> ;(
[10:56:25] <wrbtrader> back to back great entries...got very little out of it
[10:56:39] <wrbtrader> Its probably now drop to fill the gap with me just "watching"
[10:57:47] <Tigerman___> sh cl 43.89
[10:58:20] <Tigerman___> exit 1/2 80 +9t
[10:59:27] <Tigerman___> exit all rem 77 +12t
[11:01:16] <Tigerman___> lg es 23.25
[11:01:49] <Tigerman___> exit 1/2 24.25 +4t
[11:03:01] <Tigerman___> exit all rem 23.25 +0
[11:05:17] <Tigerman___> lg cl 44.16
[11:05:57] <Tigerman___> exit 1/2 26 +10t
[11:07:52] <wrbtrader> Shorts Emini ES @ 1922.25 -> large size
[11:08:04] <wrbtrader> 10 contracts
[11:08:06] <wrbtrader> intuition
[11:08:13] <wrbtrader> not looking good
[11:08:59] <wrbtrader> Covered all Emini ES Short @ 1923.75 --> - 1.5
[11:11:00] <Tigerman___> exit rem cl at 44.33 +17 tk
[11:11:10] <Tigerman___> a wrb pt1 at last !!
[11:11:11] <wrbtrader> Shorts Emini ES @ 1922.75 -> large size
[11:11:22] <wrbtrader> re-entry
[11:11:26] <Tigerman___> simply not easy x me wait for that too much emotion
[11:12:15] <wrbtrader> 1923.00 being drawn in the sand
[11:12:34] <wrbtrader> Covered all Emini ES Short @ 1923.00 --> - 0.25
[11:15:38] <wrbtrader> Shorts Emini ES @ 1922.75 -> large size
[11:15:58] <wrbtrader> re-entry
[11:16:19] <winmax60> shorts eminit es@ 1922.25
[11:18:47] <wrbtrader> Covered all Emini ES Short @ 1922.25 --> + 0.5
[11:19:39] <winmax60> exit @ 1924.25 -2
[11:19:43] <wrbtrader> Emini ES futures now a breakout above the R area of the recent contracting voaltility
[11:26:39] <nopac> WRB, it blows my mind how often you're able to enter a trade, have it NOT move in your direction, and still get out with a tick or two and not lose anything for the effort...you have a great feel
[11:26:57] <nopac> I know that only comes with experience
[11:36:13] <winmax60> short es@1925.50
[11:36:51] <wrbtrader> Emini ES futures back inside the range of the earlier mention contracting volatilityh
[11:37:04] <wrbtrader> back below that R area of that contraction
[11:37:47] <wrbtrader> Shorts Emini ES @ 1923.25 -> large size
[11:38:02] <wrbtrader> 10 contracts
[11:40:57] <wrbtrader> Covered all Emini ES Short @ 1922.75 --> + 0.5
[11:41:08] <wrbtrader>
[11:42:26] <winmax60> exit @1922.50 +3
[11:43:06] <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.
[11:43:06] <Tigerman___> take care all see tomorrow
[11:50:40] <winmax60> short es@1923.25
[11:51:15] <winmax60> exit @ 1921 +2.25
[11:54:04] <wrbtrader> Shorts Emini ES @ 1919.75 -> large size
[11:54:20] <wrbtrader> 10+5 contracts
[11:55:06] <wrbtrader> geeesh
[11:57:39] <wrbtrader> Covered 2/3 Emini ES Short @ 1919.50 --> + 0.25
[11:58:08] <wrbtrader> Covered Remainder Emini ES Short @ 1919.25 --> + 0.5
[11:59:40] <wrbtrader> Shorts Emini ES @ 1919.75 -> large size
[11:59:47] <wrbtrader> re-entry
[12:00:13] <wrbtrader> getting only quarters from this level
[12:00:56] <wrbtrader> WRB pt1 not forming from this level too
[12:01:04] <wrbtrader> They get close and then slowly retrace
[12:01:11] <wrbtrader> not really choppy at all
[12:01:23] <wrbtrader> Just having problems creating more supply
[12:01:32] <winmax60> long es @1921
[12:01:48] <wrbtrader> cross trades
[12:02:16] <wrbtrader> showed up without the chop
[12:02:17] <winmax60> typo...order pending now..not yet executed...sorry
[12:02:29] <winmax60> now just gone through
[12:07:47] <wrbtrader> WRB pt1 reached
[12:08:26] <wrbtrader> Covered all Emini ES Short @ 1919.25 --> + 0.5
[12:08:34] <wrbtrader> unbelievable
[12:08:57] <wrbtrader> Take care all...I'm done with this today
[12:31:00] <winmax60> exit @1922.25 +1.25
[14:03:33] <jpan> 31s
[14:03:35] <jpan> heavy
[14:03:40] <jpan> 4+2
[14:06:28] <jpan> 31.75 out
[14:28:28] <jpan> 34.5s med
[14:32:38] <jpan> 32 out 3
[14:33:27] <jpan> 1 left
[14:35:01] <jpan> out be+1
[14:39:08] <jpan> wtf is this damn
[14:40:22] <jpan> these retraces have been a killer all day
[14:41:14] <jpan> 30s light
[14:42:43] <jpan> out be+1
[14:59:23] <lightenup> short 1137.00
[15:00:41] <lightenup> Flat tf 1138.40 -1.4
[15:22:49] <TradeSnake______> Short YM @ 16210
[15:26:38] <TradeSnake______> Flat YM @ 16210 --> +0
[15:26:52] <TradeSnake______> Snapback got me
[15:32:27] <jpan> i dunn about u guys.. but i think today is especially difficult, wat do u guys think
[15:33:27] <lightenup> You are right.
[15:33:46] <jpan> you got break up, then break down, assym trinagle, chop within another assym traingle chop, not to mention huge pullbacks in the 1min to scare you out lol
[15:34:04] <jpan> im just glad i didnt trade the middle session =P
[15:34:57] <jpan> also, WRB zone reversals & failures
[15:35:24] <jpan> only good setup was the opening bell short
[15:35:56] <lightenup> You sure nailed the openning short
[15:36:14] <xtrader34_> If WRB trader is having problems you know something is definitely wrong with the markets these last few days!
[15:37:31] <jpan> wasnt rocket genius, take a look at the 5min, you'll notice rejections off that 36-38 zones since 8/30, waited for pin candle confirmation then added
[15:38:13] <jpan> my stop was 1.5-2 points and open air on the bottom, had to take it lol
[15:38:23] <jpan> target was 5-8 pts at least
[15:38:29] <jpan> 3:1 r/r
[15:40:26] <lightenup> Thanks for the thought process on that trade
[15:41:19] <jpan> sure, market is slow now, dont wanna give any of it back, cya tmw guys
[15:42:44] <lightenup> Where do you live jpan?
[15:45:20] <jpan> los angeles, CA
[15:45:45] <jpan> what about u guys?
[15:46:03] <lightenup> Just thought you might be from Japan
[15:46:15] <lightenup> I am from Whistler BC
[15:48:31] <jpan> lol, nah. cause my real name is Johnny Pan.. shortened it lol
[15:48:51] <jpan> cool, sorta neighbors
[16:01:00] <jpan> market closed, getting lunch
[21:24:59] * Disconnected
Session Close: Wed Sep 02 21:24:59 2015

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

##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, 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

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
wrbanalysis@gmail.com
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