##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: Thu Sep 10 09:15:30 2015
Session Ident: ##TheStrategyLab
[09:15:30] * Now talking in ##TheStrategyLab
[09:15:30] * 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'
[09:15:30] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[09:15:30] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:36:23] <Tigerman___> all
[09:36:36] <Tigerman___> Kme at 10am
[09:36:42] <Tigerman___> and 10:30 x oil
[09:37:04] <Tigerman___> I follow that on oil if provide some entry x CL
[09:38:58] <wrbtrader> Shorts Emini ES @ 1940.75 -> large size
[09:39:34] <wrbtrader> Covered all Emini ES Short @ 1942.00 --> - 1.25
[09:39:46] <jpan> 32.5L LIGHT
[09:40:29] <jpan> 34 out 2
[09:41:03] <jpan> out be+1
[09:41:36] <wrbtrader> Long Emini ES @ 1944.25 -> large size
[09:41:56] <wrbtrader> 10+5 contracts
[09:42:03] <wrbtrader> same with prior trade
[09:42:44] <wrbtrader> Exited all Emini ES Long @ 1944.25 --> 0
[09:43:47] <wrbtrader> Long Emini ES @ 1943.75 -> large size
[09:43:54] <wrbtrader> re-entry
[09:44:49] <wrbtrader> Exited all Emini ES Long @ 1943.00 --> - 0.75
[09:45:27] <jpan> 32.75l
[09:45:56] <jpan> 35.25 out half
[09:46:15] <wrbtrader> Long Emini ES @ 1944.50
[09:46:23] <wrbtrader> re-entry
[09:47:32] <wrbtrader> Exited all Emini ES Long @ 1944.50 --> 0
[09:47:53] <jpan> 34.75 out 1
[09:47:54] <jpan> 1 left
[09:47:55] <wrbtrader> That's 3 consecutive stalls in that price area
[09:47:59] <jpan> be+1 stop
[09:48:39] <acon0> Yeah, right around the session gap.
[09:48:54] <wrbtrader> Long Emini ES @ 1943.50 -> large size
[09:49:00] <wrbtrader> re-entry
[09:50:36] <wrbtrader> Exited all Emini ES Long @ 1943.75 --> + 0.25
[09:51:00] <jpan> 33.25 trail stop
[09:51:02] <wrbtrader> early exit...I gave up on the Long side here
[09:51:14] <jpan> out
[09:52:05] <jpan> @vwap
[09:53:21] <Tigerman___> yeah.. wrbtrader I did a long at similar level
[09:53:27] <Tigerman___> ended in a breakeven
[09:53:42] <acon0> It seems confused
[09:53:44] <jpan> 34s light
[09:53:55] <Tigerman___> simply that choppy not give me confidence to risk further
[09:54:11] <jpan> 31 out 2
[09:54:34] <wrbtrader> Shorts Emini ES @ 1941.00 -> large size
[09:54:43] <wrbtrader> 15 contracts
[09:55:09] <wrbtrader> my biggest lost of the day started in this area and as a Short
[09:55:54] <jpan> trail stop be+1
[09:55:59] <jpan> 2 left
[09:56:47] <wrbtrader> Covered all Emini ES Short @ 1939.00 --> + 2
[09:56:51] <jpan> 30 out 1
[09:56:55] <wrbtrader> 5+5+5
[09:58:04] <TradeSnake______> KME 10am - Wholesale Inventories
[09:58:04] <wrbtrader> Shorts Emini ES @ 1940.75 -> large size
[09:58:21] <wrbtrader> range bound price action on the regular session chart for the Emini futures
[09:58:23] <wrbtrader> re-entry
[09:58:48] <wrbtrader> In contrast on the globex chart...decent looking retracement back upwards
[09:58:58] <wrbtrader> Price action a little confusing right now
[09:59:54] <jpan> not really, wrb range on 1min ES, more Resistance around 32-34cuirrently i feel
[10:00:20] <jpan> 28.5 all out
[10:01:17] <jpan> at least thats how it looks, but whipped backed quick, so not sure now
[10:02:19] <wrbtrader> Covered all Emini ES Short @ 1938.50 --> + 2.25
[10:02:53] <wrbtrader> early exit...target was a WRB pt2 but it struggle too much after reaching a WRB pt1
[10:04:08] <wrbtrader> Shorts Emini ES @ 1938.00 -> large size
[10:04:17] <wrbtrader> 20 contracts
[10:04:28] <wrbtrader> increasing volatility...increasing my position size
[10:05:20] <wrbtrader> Covered 1/2 Emini ES Short @ 1937.50 --> + 0.5
[10:06:14] <jpan> 29.5s light
[10:06:36] <jpan> 30.5 out
[10:08:33] <jpan> 30l light
[10:08:58] <jpan> 30.5 out 2 scalp
[10:10:14] <jpan> all out @ be
[10:13:27] <wrbtrader> Covered Remainder Emini ES Short @ 1937.00 --> + 1
[10:13:47] <wrbtrader> lost my patience
[10:14:19] <wrbtrader> Also, a possible bullish setup may appear
[10:14:36] <wrbtrader> via the regular session chart
[10:15:57] <jpan> 28s light
[10:16:18] <wrbtrader> not anymore
[10:16:21] <jpan> 25.5 out 2
[10:16:47] <Tigerman___> pressure on sell side
[10:16:53] <Tigerman___> but choppy action
[10:17:04] <jpan> out be+1 =P
[10:19:06] <jpan> 27s looks good, but skipping it, lows too shallow for me
[10:19:53] <TradeSnake______> Short GC @ 1110.0
[10:20:29] <Tigerman___> price climb higher before pending news in oil
[10:20:48] <Tigerman___> but no zones x me now in CL
[10:20:55] <jpan> 30l
[10:23:22] <jpan> 32 out 4
[10:23:53] <jpan> 2 left be+1 trail
[10:24:10] <wrbtrader> Long Emini ES @ 1941.00 -> large size
[10:24:15] <jpan> @vwap
[10:24:24] <wrbtrader>
[10:25:20] <wrbtrader> Exited all Emini ES Long @ 1939.00 --> - 2
[10:25:20] <jpan> out be+1
[10:27:51] <wrbtrader> Long Emini ES @ 1938.50 -> large size
[10:28:18] <jpan> 29.25l light
[10:28:29] <wrbtrader> re-entry
[10:28:44] <wrbtrader> range starting to suck
[10:29:07] <jpan> out be
[10:29:31] <jpan> range geting smaller
[10:29:43] <jpan> ill wait for apex breakout possible
[10:31:59] <jpan> oh well, went without me lol
[10:33:02] <wrbtrader> Exited all Emini ES Long @ 1943.25 --> + 4.75
[10:37:39] <jpan> done for now, be back later
[10:46:33] <TradeSnake______> Covered GC @ 1108.5 --> +1.5
[11:14:48] <Tigerman___> sh es 47.50
[11:15:38] <Tigerman___> exit 1/2 46 +6t
[11:16:21] <Tigerman___> exit 1/4 46 +6t
[11:19:38] <Tigerman___> exit all rem 1/4 1944 +14 tks
[12:06:22] <Tigerman____> take care all
[13:51:01] <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.
[13:59:01] <wrbtrader> Shorts Emini ES @ 1958.75 -> large size
[13:59:20] <wrbtrader> 10 contracts
[14:00:34] <wrbtrader> Covered all Emini ES Short @ 1961.50 --> - 2.75
[14:00:52] <wrbtrader> snapback
[14:01:36] <wrbtrader> Long Emini ES @ 1961.25 -> large size
[14:02:17] <wrbtrader> Its trying to go range bound above 1958
[14:03:04] <wrbtrader> Exited all Emini ES Long @ 1960.50 --> - 0.75
[14:03:16] <wrbtrader> 2nd snapback
[14:03:21] <wrbtrader> Its range bound
[14:05:29] <wrbtrader> Long Emini ES @ 1960.25 -> large size
[14:05:47] <wrbtrader> A lot of contracts moved through this area earlier
[14:05:58] <wrbtrader> 15 contracts
[14:06:21] <wrbtrader> increasing volatility but that snapback earlier has me worried a little
[14:07:28] <wrbtrader> contracting volatility returned
[14:09:34] <wrbtrader> now too much contraction
[14:09:43] <wrbtrader> tightning stop/loss
[14:16:04] <wrbtrader> Exited all Emini ES Long @ 1958.25 --> - 2
[14:16:26] <wrbtrader> Emini TF snapback first...as it did the other prior 2 times
[14:16:32] <wrbtrader> 3rd snapback
[14:16:44] <wrbtrader> Now below the S area of the contraction
[14:18:34] <wrbtrader> Shorts Emini ES @ 1957.25 -> large size
[14:19:09] <wrbtrader> Emini ES futures inside the range of the afternoons biggest Up WRB Hidden GAP interval
[14:19:33] <wrbtrader> and below its R area
[14:20:14] <wrbtrader> That R area was giving some support the the range above 1958.00
[14:21:48] <wrbtrader> S area of that same Up WRB HG @ 1954.75
[14:23:04] <wrbtrader> Covered all Emini ES Short @ 1956.50 --> + 0.75
[14:23:12] <wrbtrader> early exit
[14:23:33] <wrbtrader> Will try to get a better entry priice in the range of this Up WRB HG interval
[14:24:45] <wrbtrader> Emini ES futures back at the R area
[14:25:16] <wrbtrader> UP WRB HG interval 1min chart @ 1329pm est
[14:27:19] <wrbtrader> Shorts Emini ES @ 1957.50 -> large size
[14:27:31] <wrbtrader> 5+5+5 contracts
[14:29:50] <wrbtrader> Covered all Emini ES Short @ 1957.00 --> + 0.5
[14:30:58] <wrbtrader> Breakout above the R area
[14:32:44] <wrbtrader> Long Emini ES @ 1958.75 -> large size
[14:33:13] <wrbtrader> 5+10 contracts
[14:33:30] <wrbtrader>
[14:34:07] <wrbtrader> retesting that R area
[14:35:48] <wrbtrader> Exited all Emini ES Long @ 1957.50 --> - 1.25
[14:36:26] <wrbtrader> that's actually another snapback
[14:37:06] <wrbtrader> Shorts Emini ES @ 1957.25 -> large size
[14:37:17] <wrbtrader> back to that Short area
[14:38:46] <wrbtrader> geeesh
[14:39:08] <wrbtrader> range got tighter after trying to expand
[14:42:05] <wrbtrader> Covered all Emini ES Short @ 1958.50 --> - 1.25
[14:42:18] <wrbtrader> bouncing around that R area
[14:47:22] <wrbtrader> Shorts Emini ES @ 1957.25 -> large size
[14:47:30] <wrbtrader> re-entry
[14:48:51] <wrbtrader>
[14:48:53] <wrbtrader> geeesh
[14:49:09] <wrbtrader> hit that speed bump area
[14:49:23] <wrbtrader> inside the range of the Up WRB HG interval
[14:50:12] <wrbtrader> A former reaction high area of 1052am est
[14:54:51] <wrbtrader> Covered all Emini ES Short @ 1955.25 --> + 2
[14:55:14] <wrbtrader> Shorts Emini ES @ 1955.75 -> large size
[14:55:21] <wrbtrader> re-entry
[14:57:32] <wrbtrader> WRB pt1 reached
[14:59:13] <wrbtrader> Covered all Emini ES Short @ 1952.25 --> + 3.5
[15:00:12] <wrbtrader> Shorts Emini ES @ 1952.00 -> large size
[15:00:30] <wrbtrader> re-entry
[15:00:56] <wrbtrader> small WRB pt1 reached
[15:02:04] <wrbtrader> Covered all Emini ES Short @ 1951.50 --> + 0.5
[15:02:14] <wrbtrader> trying to snapback
[15:02:37] <wrbtrader> Only time I get an early warning of a snapback is those long lower shadow intervals
[15:02:51] <wrbtrader> without them...I get nailed for a big loss
[15:03:03] <wrbtrader> Like several earlier trades
[15:03:28] <wrbtrader> Shorts Emini ES @ 1951.00 -> large size
[15:03:35] <wrbtrader> increasing volatility
[15:03:40] <wrbtrader> 20 contracts
[15:05:37] <wrbtrader> Covered 1/2 Emini ES Short @ 1949.75 --> + 1.25
[15:05:46] <wrbtrader> small WRB pt1
[15:07:07] <wrbtrader> Covered Remainder Emini ES Short @ 1951.00 --> 0
[15:07:14] <wrbtrader> snapback
[15:08:29] <wrbtrader> This snapback occurred inside the range of that tough contraction area between 1140am - 1322pm est
[15:09:46] <wrbtrader> I ignored that entire price area today
[15:10:25] <wrbtrader> On that note...I'm going to call it quits here for the day before I whipsawed in this area
[15:10:33] <wrbtrader> Take care all and see all tomorrow
[15:10:48] <nopac> thanks WRB
[19:14:18] * Disconnected
Session Close: Thu Sep 10 19:14:19 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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