##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 Oct 07 06:30:12 2015
Session Ident: ##TheStrategyLab
[06:30:12] * Now talking in ##TheStrategyLab
[06:30:12] * 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'
[06:30:12] * Set by wrbtrader on Fri Dec 26 09:39:03 2014
[06:30:13] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:30:25] <Tigerman_> all
[09:31:20] <Tigerman_> big open gap today open on yesterday high
[09:32:00] <Tigerman_> we hope this doesn t take away all juice x this regular session
[09:32:20] <Tigerman_> not pending big Kme
[09:34:06] <Corner> The question is: continuation of 2 day TR or BO higher...
[09:36:54] <Tigerman_> my answer ... I do not konw
[09:37:15] <lightenup1> e minis not really in sync righ now
[09:37:22] <Tigerman_> what I know is VIX is heading lower
[09:38:30] <Corner> CL is at interestion position. Might end the 9 weeks below 50 soon
[09:39:35] <Tigerman_> Kme at 10:30 in CL maybe that show something
[09:39:51] <wrbtrader> Long Emini ES @ 1984.75 -> large size
[09:39:58] <wrbtrader> 20 contracts
[09:45:38] <wrbtrader> Exited all Emini ES Long @ 1985.75 --> + 1
[09:45:56] <wrbtrader> shallow WRB pt1 reached
[09:46:40] <wrbtrader> I would have stayed in the trade for a try at a WRB pt2 but the price action is too bouncy for me
[09:47:12] <wrbtrader> will just watch...hoping for a small retracement
[09:50:13] <wrbtrader> Long Emini ES @ 1986.75 -> large size
[09:50:42] <wrbtrader> re-entry
[09:53:13] <wrbtrader> Exited all Emini ES Long @ 1986.75 --> 0
[09:53:21] <wrbtrader>
[09:54:02] <wrbtrader> too much contracting volatility along with the fact that the VIX has declined further into the +18 range
[09:55:22] <Tigerman_> junk action right now
[09:57:13] <wrbtrader> Long Emini ES @ 1987.25 -> large size
[09:57:21] <wrbtrader> re-entry
[09:59:11] <wrbtrader> Exited all Emini ES Long @ 1988.25 --> + 1
[09:59:24] <wrbtrader> not a WRB pt1
[09:59:30] <wrbtrader> Thus, an early exit
[10:26:33] <wrbtrader> calm in the markets and the volatilty is a little lower
[10:28:00] <Corner> KME CL around the corner
[10:30:42] <patrader> giant WRB forming in CL
[10:30:52] <xtrader34__> Not looking good in the CL
[10:31:15] <xtrader34__> Quick flush to the downside
[10:31:28] <wrbtrader> Yeah, this 1030am est KME on the EIA Petroleum Status report is bringin in some volatility...
[10:31:33] <wrbtrader> Yet, I doubt it will last
[10:31:51] <xtrader34__> Agree
[10:32:09] <xtrader34__> its already contracting
[10:33:37] <Corner> Short CL 48.73
[10:34:25] <Corner> Close all CL 48.70 +0.03 :-(
[10:36:31] <Corner> Long CL 48.97
[10:37:39] <Corner> Close all CL 48.97 +0.00
[10:38:43] <Corner> Long CL 48.94 re-entry
[10:39:48] <Corner> Close all CL 48.91 -0.06
[10:40:01] <wrbtrader> Shorts Emini ES @ 1984.25 -> large size
[10:40:09] <wrbtrader> 10 contracts
[10:40:16] <wrbtrader> lowering position size
[10:40:50] <Corner> Short CL 48.81
[10:40:52] <wrbtrader> volatility increasing right now but I don't have much faith for profit targets bigger than WRB pt1
[10:41:20] <wrbtrader> knock on wood...this current volatility spike is proving me wrong about the volatility
[10:41:28] <wrbtrader> WRB pt1 reach
[10:41:44] <wrbtrader> If it contracts...it will snapback (Up)
[10:42:45] <Corner> Close all CL 48.61 +0.20
[10:42:57] <Corner> finally :-)
[10:43:23] <wrbtrader> Crude Oil CL futures went crazy...still trying to push lower
[10:43:52] <wrbtrader> Its the only reason why I'm still holding my Emini ES short
[10:44:02] <wrbtrader> WRB pt2 reached
[10:47:03] <wrbtrader> Covered all Emini ES Short @ 1981.75 --> + 2.5
[10:47:28] <wrbtrader> retraced back to the WRB pt1 where my trail stop was at
[10:48:30] <wrbtrader> I'm surprise the EIA report brought in that much volatility...lately it has not
[10:49:15] <wrbtrader> Shorts Emini ES @ 1980.75 -> large size
[10:49:25] <wrbtrader> re-entry intuition
[10:49:39] <wrbtrader> WRB pt1 reached
[10:49:41] <Corner> Short ES mini 1979.50
[10:51:13] <Corner> Exit all ES mini 1977.50 +2.00 just scalping
[10:54:12] <wrbtrader> Covered all Emini ES Short @ 1979.75 --> + 1
[10:54:36] <lightenup1> Short tf 1136.80
[10:54:52] <wrbtrader> Big bounce back upwards in Crude Oil CL futures
[10:56:09] <lightenup1> Flat tf 1136.80 +0
[11:01:14] <Tigerman_> if someone noted .... Spy just filled that big gap Sep 18
[11:01:26] <Tigerman_> then retrace back again
[11:02:09] <Tigerman_> simply from the wash of late August E-minies are traped in a range
[11:08:50] <Corner> So much for the DAX being north 10000 again :-)
[11:10:01] <Tigerman_> yep but it was near 12K before
[11:10:44] <Tigerman_> what I no like in Dax is the spread and low liquidity
[11:11:17] <Tigerman_> in contrast Stoxx50 is better as liquidity
[11:11:33] <Corner> You can simply use a lower number of contracts :-)
[11:11:45] <Tigerman_> but small contracts, so lot of commissions ans moves tighter
[11:12:30] <Tigerman_> yes but I want gain more money no less
[11:12:53] <Corner> Ahem. DAX contract is the opposite of small.
[11:14:01] <Tigerman_> yep his value is big but hard to find more then 1pz on first level book
[11:14:35] <Tigerman_> and 2-3 or more tick as spread
[11:15:49] <Corner> That's ok for me. The is huge volume what is not shown.
[11:16:26] <Corner> Real spread is not that wide. Normally you get filled in the middle of the spread.
[11:17:14] <Tigerman_> not sure I have to try it
[11:17:39] <Tigerman_> simply now also fill 20-30pz in ES as limit order is tought
[11:18:01] <Tigerman_> so in dax is a sure no fill
[11:18:13] <Corner> ES mini is completely different.
[11:18:24] <Tigerman_> why ?
[11:18:31] <Corner> There is no middle.
[11:18:37] <Tigerman_> liquidity is there or not
[11:19:04] <Corner> In ES mini you need efectively 6ticks for 4
[11:19:30] <Corner> on limit orders
[11:20:26] <Tigerman_> my point if I want enter with 4pz in Dax or ES and in first level is only 1 available no way you can get a fill
[11:20:42] <Tigerman_> I mean not sure
[11:21:42] <Tigerman_> simply I HATE spread and NO Fill
[11:22:07] <Tigerman_> of course in swing trade that matter less
[11:22:55] <Tigerman_> regardless I ll reconsider Eurex in next weeks
[11:23:19] <Tigerman_> simply in my backtest it performs better then ES
[11:23:37] <Tigerman_> now I have to determine Dax vs Stoxx50
[11:24:12] <Tigerman_> Dax volatility with STX50 liquidity will be nice
[11:24:56] <Corner> STX50 is much small and full point tick size. not good.
[11:25:17] <lightenup1> Short tf 1132.60
[11:25:53] <lightenup1> Flat tf 1131.70 +.9
[11:26:01] <Corner> ES mini now in yesterdays TR again
[11:26:43] <Corner> CL testing earlier lows
[11:27:22] <Tigerman_> sh es 1969
[11:27:56] <Tigerman_> exit 2/3 68 +4t
[11:28:26] <Tigerman_> exit 68.75 +1tk
[11:30:25] <Tigerman_> <Corner> STX50 is much small and full point tick size. not good. ... corner I mean ESTX50 in IB
[11:31:07] <Corner> I meant that too.
[11:31:15] <Tigerman_> ah ok
[11:31:56] <Tigerman_> what not good x you in ESTX50?
[11:32:27] <Tigerman_> of course moves tight but lot liquidity
[11:32:59] <Tigerman_> of course more commissions
[11:33:12] <Corner> But 1 full point as a tick is a huge spread at 3200
[11:33:32] <Corner> At ES mini we have a quarter as ticksize
[11:34:22] <Corner> DAX is best at 10000 half a point as ticksize
[11:35:29] <Tigerman_> ah ok agreed on that
[11:36:19] <Tigerman_> the issue is to see if is better a large move in Dax with 2pz or..
[11:37:27] <Tigerman_> tight move in Stx50 with 50pz x example
[11:37:35] <Tigerman_> or more
[11:38:39] <Tigerman_> anyway I use small size in everything
[11:38:44] <Corner> My point is: you pay a lot of for spread and commission in EuroStoxx. You have to earn that back...
[11:39:10] <Tigerman_> I have to be more consistent in next weeks to add size not now
[11:40:22] <Tigerman_> yes I agreed on your point
[11:40:30] <Corner> Short CL 48.20
[11:41:17] <Tigerman_> simply my point is : I prefer gain 1000$ and pay 500$ in commission VS gain 50$ and pay 5$ in commissions
[11:41:46] <Corner> I don't
[11:42:36] <Corner> Close CL 47.95 +0.25 :-)
[11:43:08] <Tigerman_> ah ok ...of course I no like pay spread and commissions ,simply if I can get more money in pocket is better
[11:43:35] <Tigerman_> issue also with tiny moves in Dax you gain something
[11:44:00] <Tigerman_> with Stox50 no
[11:44:28] <Tigerman_> so you need larger moves
[12:45:22] <Tigerman_> take care
[12:55:52] <patrader> Have a good rest of the day everyone
[12:56:41] <patrader> I'm moving today so may not be in for the next couple days
[13:34:53] <TradeSnake______> Short GC @ 1148.9
[13:43:52] <lightenup1> TF testing resistance of recient up WRBHG
[13:45:02] <winmax60> long es@1982.75
[13:45:14] <winmax60> exit @198.75 +2
[14:27:58] <TradeSnake______> Covered GC @ 1147.9 --> +1.0
[14:52:31] <wrbtrader> Shorts Emini ES @ 1978.25 -> large size
[14:52:55] <wrbtrader> 15 contracts
[14:55:23] <wrbtrader> Covered all Emini ES Short @ 1979.25 --> - 1
[14:57:03] <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.
[14:59:52] <wrbtrader> Shorts Emini ES @ 1978.25 -> large size
[15:00:01] <wrbtrader> re-entry
[15:02:25] <wrbtrader> Covered all Emini ES Short @ 1979.75 --> - 1.5
[15:02:38] <wrbtrader> same snapback area but stronger
[15:03:01] <wrbtrader> Long Emini ES @ 1980.00 -> large size
[15:03:28] <wrbtrader> 15 contracts
[15:03:38] <wrbtrader> range is tight in here too
[15:11:25] <lightenup1> Long tf 1144.20
[15:11:40] <wrbtrader> Exited all Emini ES Long @ 1981.00 --> + 1
[15:12:07] <lightenup1> Stopped tf 1144.30 +.1
[15:13:25] <wrbtrader> too strange for me
[15:13:48] <wrbtrader> calling it quits right here to keep the profits I have left
[15:13:56] <wrbtrader> Take care all and see all tomorrow
[15:14:01] <lightenup1> Good idea
[20:26:44] * Disconnected
Session Close: Wed Oct 07 20:26:47 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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