TheStrategyLab Price Action Trading (no technical indicators)
Free Chat Room:
http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164 (see chat logs below)
M.A. Perry a.k.a. wrbtrader (more info about me):
http://www.thestrategylab.com/wrbtrader.htm &
http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=11&t=6 CME Group Trade Against A Pro Futures Challenge:
http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=360&t=4038 TheStrategyLab Reviews:
http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167 &
http://www.thestrategylab.com/thestrategylab-reviews.htmBusiness 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...especially if you login to the free chat room and then just lurk (not say anything about your 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 Zones, WRB/WRB Hidden GAP profit targets, Key Market Events, Reaction Highs/Lows, Expanding Volatility, R area of WRB Zone, S area of WRB Zone, midpoint of WRB Zone and speed of the price action) 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.
This is
not a signal calling (trade alerts) room. Our free
chat room has
never been advertised as a trade room and we ban traders for attempting to use our
chat room as a trade alerts room for the purpose to mimic/copy trades posted by any of our members.
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 chat logs (we use it to provide critical missing info for our broker statements) 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 Our
disclaimer statement applies to the chat room, forum and website
@ http://www.thestrategylab.com/Disclaimer.htmAttachment:
031319-TheStrategyLab-Chat-Room-Key-Markets.png [ 2.53 MiB | Viewed 652 times ]
click on the above image to view today's price action of key markets [08:44:19] * Now talking in ##TheStrategyLab
[08:44:19] ##TheStrategyLab url is
http://www.thestrategylab.com/tsl/forum/[09:49:06] <wrbtrader> Good morning
[11:40:02] <Trendtrader> Good morning
[12:01:52] <wrbtrader> Ok...I'm back after some personal things this morning...I missed the a.m. trading session
[12:02:18] <wrbtrader> Looks like straight up in many key markets
[12:02:22] <wrbtrader> Wow
[12:02:34] <wrbtrader> A big UP Trend Day
[12:12:00] <wrbtrader> Just checked some news sources...lots of reasons came together to cause today's strong Up Trend day @
https://www.cnbc.com/2019/03/13/stock-m ... rexit.html[12:12:18] <wrbtrader> similar like stories at Bloomberg
[12:16:41] <wrbtrader> I just finish a quick review of the charts for this big UpTrend...
[12:17:20] <wrbtrader> I only see one valid trade signal (Long position) that would have reached a WRB pt1 on low volatility.
[12:18:09] <wrbtrader> Simply, because it reached the WRB pt1 on low volatility...I would have exited the Long position to bank that small profit instead of riding it up for a big winner
[12:18:34] <wrbtrader> In contrast, had it reached the WRB pt1 on high volatility or increasing volatility...
[12:18:41] <wrbtrader> I would have stayed in the trade
[12:26:01] <wrbtrader> VIX mid 13 price range
[12:34:09] <wrbtrader> Shorts Emini ES @ 2817.50 -> small size
[12:34:15] <wrbtrader> 2x
[12:36:11] <wrbtrader> Covered Emini ES Short @ 2818.75 --> - 1.25
[12:36:11] <wrbtrader> Reverse and Enter Long Emini ES @ 2818.75
[12:36:18] <wrbtrader> 2x
[12:37:12] <wrbtrader> both trades near the S area of the most recent Down WRB Hidden GAP interval
[12:45:09] <wrbtrader> Exited all Emini ES Long @ 2821.00 --> + 2.25
[12:46:20] <wrbtrader> WRB pt1 reached but volatility remained the same. Thus, I banked the profits and didn't want to risk losing it on a retracement
[13:03:28] <wrbtrader> Long Emini ES @ 2821.25 -> small size
[13:03:31] <wrbtrader> 3x
[13:26:14] <wrbtrader> Exited all Emini ES Long @ 2821.75 --> + 0.5
[13:27:12] <wrbtrader> Shorts Emini ES @ 2821.50 -> medium size
[13:27:22] <wrbtrader> 5x
[13:27:48] <wrbtrader> I gotta be careful here with this Short in such a strong uptrend
[13:28:13] <wrbtrader> This is obviously a counter-trend trade on low volatility
[13:28:42] <wrbtrader> I'm looking for a small WRB pt1
[13:36:32] <wrbtrader> tightning trail stop...too much contraction now in the volatility
[13:36:48] <wrbtrader> I'm now expecting a volatility spike here soon
[13:37:22] <wrbtrader> I have a problem with a program on this computer...booting up my backup computer right now
[13:38:55] <wrbtrader> order in for a posiiton reversal @ 2823.00
[13:40:01] <wrbtrader> Covered Emini ES Short @ 2823.00 --> - 1.5
[13:40:01] <wrbtrader> Reverse and Enter Long Emini ES @ 2823.00
[13:40:04] <wrbtrader> 10x
[13:41:29] <wrbtrader> bad timing...gotta do a reboot...other computer open and logging into trade execution platform
-
[13:55:13] * Now talking in ##TheStrategyLab
[13:55:56] <wrbtrader> I am still holding the Long position...trade not looking good even though it has good support from other key markets
[13:56:31] <wrbtrader> In contrast, Emini YM and RTY weaken after my entry into the Long position
[13:56:48] <wrbtrader> both stable at a key support area
[13:57:12] <wrbtrader> but if they break below their support...I will dump my Emini ES position
[13:59:13] <wrbtrader> Emini YM and RTY are inside a WRB Zone...near the R area
[13:59:37] <wrbtrader> they need to get back above that R area to give Emini ES a boost upwards
[14:00:41] <wrbtrader> Emini YM and RTY futures retesting the R area
[14:01:46] <wrbtrader> RTY now above the R area of its WRB Zone
[14:02:00] <wrbtrader> YM now above the R area of its WRB Zone
[14:05:10] <wrbtrader> Exited all Emini ES Long @ 2824.50 --> + 1.5
[14:05:22] <wrbtrader> tight trail stop hit
[14:06:27] <wrbtrader> Long Emini ES @ 2825.50 -> small size
[14:06:31] <wrbtrader> 3x
[14:09:00] <wrbtrader> Exited all Emini ES Long @ 2825.75 --> + 0.25
[14:10:05] <wrbtrader> That's a lot of upside pressure while getting easily shaken out of those recent Long positions too easily during the push upwards
[14:16:38] <wrbtrader> Glad I saw that WRB Zone or else I would have dump that 10x position for a 3 point loss
[14:33:10] <wrbtrader> Shorts Emini ES @ 2821.50 -> medium size
[14:33:13] <wrbtrader> 6x
[14:33:51] <wrbtrader>
[14:34:20] <wrbtrader> Eminis dropped below a R area of a WRB Zone...now back above it
[14:40:37] <wrbtrader> geeesh
[14:40:50] <wrbtrader> pressure now by Emini NQ to go higher
[14:41:15] <wrbtrader> Covered all Emini ES Short @ 2823.00 --> - 1.5
[14:41:20] <wrbtrader> punks
[14:43:29] <wrbtrader> Shorts Emini ES @ 2821.75 -> large size
[14:43:33] <wrbtrader> 10x
[14:43:57] <wrbtrader> retesting the R area again
[14:44:22] <wrbtrader> re-entry
[14:45:34] <wrbtrader> Wow
[14:45:43] <wrbtrader> spiked downwards
[14:46:19] <wrbtrader> Covered all Emini ES Short @ 2816.75 --> + 5
[14:46:28] <wrbtrader> WRB pt1 reached
[14:49:54] <wrbtrader> Breaking news...Boeing 737 plances now grounded in the U.S. and Canada
[14:52:06] <wrbtrader> News broke around 2:20pm est but the media started picking up on it around 2:28pm est...resulting in a Down WRB Hidden Gap
[14:52:49] <wrbtrader> I picked up the info around 2:30pm est
[14:53:35] <wrbtrader> Yet, President Trump order grounding of the planes via the FAA around that time too
[14:55:53] <wrbtrader> Yet, how the heck did the market TREND so high today with the news and initial price drop in Boeing the prior two trading days
[14:55:59] <wrbtrader> Strange
[15:02:27] <wrbtrader> The grounding by the President implies any of those planes still in the air mid flight are now order to land at the nearest airport available.
[15:02:28] <wrbtrader> Wow
[15:04:28] <wrbtrader> The Emini ES futures should have dropped below 2800.00 on news like that from Boeing (BA)
[15:04:49] <wrbtrader> especially the Emini YM futures
[15:05:39] <wrbtrader> They "believe" its a software problem until they get new information that tells them its another issue
[15:08:26] <wrbtrader> Noted...last two recent trades (Shorts) was part technical but mostly related to breaking news involving Boeing planes in U.S. and Canada being grounded
[15:09:18] <wrbtrader> Shorts Emini ES @ 2816.25 -> small size
[15:09:21] <wrbtrader> 3x
[15:14:24] <wrbtrader> Covered all Emini ES Short @ 2817.50 --> - 1.25
[15:14:48] <wrbtrader> Shorts Emini ES @ 2816.50 -> medium size
[15:14:51] <wrbtrader> 5x
[15:16:08] <wrbtrader> correction...
[15:16:10] <wrbtrader> 3x
[15:20:35] <wrbtrader> Covered all Emini ES Short @ 2816.00 --> + 0.5
[15:27:30] <wrbtrader> Long Emini ES @ 2816.75 -> medium size
[15:27:33] <wrbtrader> 5x
[15:30:15] <wrbtrader> Exited all Emini ES Long @ 2815.25 --> - 1.5
[15:30:40] <wrbtrader> Long Emini ES @ 2816.25 -> medium size
[15:30:49] <wrbtrader> 5x re-entry
[15:35:26] <wrbtrader> Exited all Emini ES Long @ 2818.25 --> + 2
[15:53:43] <wrbtrader> Shorts Emini ES @ 2816.00 -> small size
[15:53:45] <wrbtrader> 3x
[15:59:10] <wrbtrader> Covered all Emini ES Short @ 2815.75 --> + 0.25
[15:59:39] <wrbtrader> It grabbed my trail stop
[16:06:11] <wrbtrader> Take care all and see all tomorrow...I may miss the morning session tomorrow
Session Close
Private Trade Journal: The below daily redacted screenshot of timestamp trade fills in broker trade execution platform are only posted in my
private trade journal for my eyes only along with daily broker statement, quantitative statistical analysis of my WRB Analysis trade performance for the day from a professional trade journal, charts annotated with a few KME Key WRB Zones, and daily market summary from briefing.com
Today, I've copied the below-redacted screenshot from my private trade journal. It only
verifies that I do in fact trade with real money. Yet, the image alone does not verify how I use WRB Analysis. Regardless, I will randomly copy from my private trade journal a redacted screenshot from here and there for posting on the website/forums of TheStrategyLab.
Attachment:
031319-TheStrategyLab-wrbtrader-Price-Action-Trading-Broker-PnL-Statement[1].png [ 487.78 KiB | Viewed 1174 times ]
-------------------------
##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.
Quote:
The free chat room is not a signal calling trading room with a head trader telling you what to trade, when to buy or when to sell. In fact, we do not believe in the business model of a head trader telling other traders when to buy and sell. Its a flawed approach to trading and its a flawed substitution for mentoring in which a trader can not learn how to be a successful independent trader.
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 Jr. 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 Where did wrbtrader go? | Elite Trader
@ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=161&t=2844Note: 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.htmTheStrategyLab 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)