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 Post subject: *February 24th Mon - #futures #forex #stocks #trading
 Post Posted: Mon Feb 24, 2020 11:17 am 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2815
Location: Canada

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.htm
Skype: kebec2002
Business Hours: 8am - 5pm est (Mon - Fri)
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##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).

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 analysis involving WRB Analysis merged with your own trade methods, post real-time trades via WRB Analysis or talk about general market issues impacting today's price action involving stocks, futures, exchange traded funds or forex currencies as part of your trade journal. 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.

Image This is not a signal calling (trade alerts) room. Our free chat room has never been advertised as a trade alerts room and we ban traders for attempting to use our chat room as a signal calling trade alerts room for the purpose to mimic/copy/piggyback 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 ##TheStrategyLab free 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 website, forum, chat room and live screen sharing meeting @ http://www.thestrategylab.com/Disclaimer.htm

022420-TheStrategyLab-Chat-Room-Key-Markets.png [ 4.56 MiB | Viewed 6 times ]

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

Bloomberg Markets: The Open Full Show (02/24/2020) @ https://www.bloomberg.com/news/videos/2020-02-24/-bloomberg-the-open-full-show-2-24-2020-video

[09:23:59] * Now talking in ##TheStrategyLab
[09:24:19] <wrbtrader> Good morning
[09:29:18] <Tigerman_____> gm all Hi wrbtrader
[09:29:54] <Tigerman_____> I was just busy to get some snall profit via this down move before open
[09:30:06] <Tigerman_____> obviously with a down gap
[09:30:36] <Tigerman_____> not able to trade before too busy with damn Virus 19 :(
[09:31:14] <wrbtrader> Yep...markets not looking good due to the early downtrend before the Open
[09:31:40] <werner1> Shorts Emini NQ @ 9072.50
[09:31:53] <werner1> Covered all Emini NQ Short @ 9055.00 --> + 17.5
[09:32:02] <werner1> late call
[09:32:07] <werner1> gm all
[09:32:26] <Tigerman_____> hi
[09:32:45] <Tigerman_____> what concern most is not market x me is the virus
[09:33:05] <Tigerman_____> a hell righ now in middle east and EU especialy italy
[09:33:27] <wrbtrader> -800 point...plunge is an underestimate
[09:33:42] <wrbtrader> Crazy Crazy Crazy
[09:33:50] <Tigerman_____> nobody knows exactly if these more cases is via more testing or what
[09:34:03] <wrbtrader> Agree
[09:34:24] <Tigerman_____> just only 30-40 cases in US seems unreal
[09:35:53] <wrbtrader> Today is a day more traders than usual will go bust that don't believe in using STOP / PROTECTION
[09:36:29] <Tigerman_____> yep
[09:37:02] <wrbtrader> I remember between 2010 - 2014 we had a lot of members in here that didn't believe in using stop/loss protection with their trade strategies
[09:37:41] <wrbtrader> Those members are no longer around and not because I banned them...they went belly up like RAID on a cockroach
[09:38:32] <wrbtrader> Market Depth still plunging
[09:39:42] <Tigerman_____> yep AD line for NQ downtrend while the index try climb high now
[09:39:47] <Tigerman_____> VIX around 23
[09:39:58] <wrbtrader> Resistance area for the Emini ES
[09:40:25] <wrbtrader> Yeah...VIX at a good number out of the gate
[09:40:40] <wrbtrader> Shorts Emini ES @ 3251.00 -> large size
[09:40:46] <wrbtrader> 10 contracts
[09:42:07] <werner1> Shorts Emini NQ @ 9153.00
[09:42:40] <wrbtrader> Amazing...financial networks not even talking about the current big drop. They're talking about stock earning...overly calm
[09:42:43] <wrbtrader> Weird
[09:42:51] <werner1> Covered all Emini NQ Short @ 9143.00 --> + 10
[09:43:44] <wrbtrader> Its as if their producers have told them when they're on the AIR...be calm or loss your job
[09:44:20] <wrbtrader> Covered all Emini ES Short @ 3250.50 --> + 0.5
[09:44:33] <wrbtrader> Long Lower Shadow out of nowhere
[09:44:48] <wrbtrader> Back to the R area
[09:45:28] <Tigerman_____> ES try now produce Up trend
[09:45:50] <Tigerman_____> testing res of recent dark wrb hg
[09:47:52] <wrbtrader> I will guess there will be about 10 messages by traders today at various popular forums asking WHY was the markets down so big at the Open
[09:48:03] <wrbtrader> Answer - Corona-Virus
[09:48:20] <Trendtrader> gm all
[09:49:04] <wrbtrader> NIFTY futures was down big...Italy Futures was down big and Eurex futures down big overnight
[09:49:51] <wrbtrader> This is a global hit especially with the news out of Italy closing several cities and Iran closing several cities after news of Coronavirus deaths on those countries
[09:50:11] <werner1> Shorts Emini NQ @ 9175.00
[09:50:27] <werner1> Covered all Emini NQ Short @ 9165.00 --> + 10
[09:51:58] <Trendtrader> long nq 9176.25 sim
[09:52:21] <wrbtrader> I'm planning to be at my home this summer in France...I'm crossing my fingers that the France does not get any cases of Corona-Virus.
[09:52:45] <wrbtrader> If it does...my summer vacation back to my home will be cancel
[09:53:20] <Trendtrader> exit long nq 9186.50 +10.25
[09:53:26] <werner1> Shorts Emini NQ @ 9171.50
[09:53:29] <wrbtrader> I'll stay here in Québec and just ride out this excalating Corona-Virus scare
[09:53:44] <Tigerman_____> yep it is very scaring
[09:53:55] <wrbtrader> Shorts Emini ES @ 3252.50 -> large size
[09:54:03] <wrbtrader> 10 contracts
[09:54:18] <werner1> Covered all Emini NQ Short @ 9175.00 --> - 3.5
[09:54:26] <wrbtrader> Covered all Emini ES Short @ 3254.00 --> - 1.5
[09:55:25] <wrbtrader> Shorts Emini ES @ 3256.00 -> large size
[09:55:36] <wrbtrader> 10 contracts re-entry
[09:56:01] <wrbtrader> Emini ES trying hard to move down the range of a Long Lower Shadow interval
[09:56:12] <werner1> Shorts Emini NQ @ 9172.50
[09:56:15] <wrbtrader> Actually, bouncing around within the shadow's range
[09:57:34] <werner1> Covered all Emini NQ Short @ 9162.50 --> + 10
[09:59:25] <wrbtrader> Covered all Emini ES Short @ 3253.00 --> + 3
[09:59:55] <wrbtrader> trail stop picked pocketed...not a WRB pt1
[10:00:57] <wrbtrader> Financial networds just "admitted" they are "doing their best" NOT to scare people about the big drop. They were told to remain calm.
[10:01:44] <wrbtrader> Looks like that's the support being put in to me :) :) :)
[10:02:07] <wrbtrader> Remain Calm...don't put in merit in the sell-off
[10:02:27] <wrbtrader> crazy manipulation
[10:02:57] <wrbtrader> New cases in Iran, South Korea and Italy...more deaths over night
[10:03:17] <wrbtrader> Shorts Emini ES @ 3256.00 -> large size
[10:03:24] <werner1> Shorts Emini NQ @ 9185.00
[10:03:25] <wrbtrader> 10 contracts re-entry
[10:03:41] <werner1> a bit early ..brr
[10:04:09] <wrbtrader> These Shorts are high risk because of the financial networkds effort to keep the CALM about the negativity and big price drop
[10:05:13] <werner1> Covered all Emini NQ Short @ 9170.00 --> + 15
[10:05:23] <werner1> @wrb pt1
[10:05:46] <wrbtrader> Biggest 2 Day Drop since 2018
[10:06:36] <werner1> pff side line here...coffee
[10:07:44] <wrbtrader> Covered all Emini ES Short @ 3254.75 --> + 1.25
[10:08:06] <wrbtrader> They are doing their best to keep this market up :(
[10:09:11] <wrbtrader> Shorts Emini ES @ 3253.50 -> large size
[10:09:15] <wrbtrader> 10 contracts re-entry
[10:10:29] <wrbtrader> retesting that Support area again
[10:10:41] <wrbtrader> Covered all Emini ES Short @ 3253.25 --> + 0.25
[10:10:46] <wrbtrader> geeeesh
[10:11:01] <wrbtrader> They won't let this fall after the Opening bell
[10:13:30] <wrbtrader> This is when I wish I knew more about Options trading when the markets are out of whack
[10:14:07] <wrbtrader> Long Emini ES @ 3258.00 -> large size
[10:14:14] <wrbtrader> 10 contracts
[10:15:35] <wrbtrader> Exited all Emini ES Long @ 3258.00 --> 0
[10:16:56] <Tigerman_____> zig zag price action after 9:45am
[10:17:20] <Tigerman_____> infact I just exploited the small action right before the open
[10:17:42] <Tigerman_____> in contrast a nightmare my test trades in this messy action
[10:17:43] <wrbtrader> Shorts Emini ES @ 3256.25 -> large size
[10:17:47] <wrbtrader> 10 contracts re-entry
[10:17:56] <Tigerman_____> very fast so i mess with my stop plus platform too slow
[10:19:22] <wrbtrader> I've been aggressive today on the Shorts...obviously.
[10:19:44] <wrbtrader> I'm just trying to stick with the Market Context of the trading day
[10:20:12] <wrbtrader> Yet, this FAKE calm by the financial networks is causing a lot of problems for Shorts out of the gate
[10:20:20] <werner1> nice short
[10:21:32] <wrbtrader> Finally, Emini futures now below the Support area put in by the financial networks
[10:21:57] <wrbtrader> All that "REMAIN CALM" talk was bogus
[10:22:25] <wrbtrader> I'm the type that when there's a fire in a movie theatre...RUN
[10:24:21] <wrbtrader> WHO said they're encourage by the decreasing spread in China but very worried about the increasing cases in Iran, Italy and South Korea
[10:25:13] <wrbtrader> Crazy...still no WRB pt1 on this Short
[10:25:25] <wrbtrader> That's too much calm in the market
[10:26:25] <Tigerman_____> wrbtrader.. the real question is : why not increasing cases in US canada or germany ???
[10:26:30] <Tigerman_____> something odd
[10:26:46] <Tigerman_____> or others country ??
[10:27:07] <wrbtrader> Yeah...I was wondering the same thing
[10:27:49] <wrbtrader> Maybe its Pending...next month there will be more spread to other countries ?
[10:28:13] <wrbtrader> still no WRB pt1 :(
[10:29:41] <werner1> nq wrb pt2 here
[10:30:10] <wrbtrader> Looks like an orchestrated creeper retracement back down without any volatility
[10:30:16] <werner1> but zero position here :(
[10:30:27] <wrbtrader> Very calm price retracement
[10:32:04] <wrbtrader> WRB pt1 reached
[10:33:53] <wrbtrader> WRB pt2 reached
[10:34:10] <wrbtrader> Covered all Emini ES Short @ 3240.50 --> + 15.75
[10:34:21] <werner1> wow :)
[10:34:32] <wrbtrader> Exactly
[10:34:39] <werner1> very nice
[10:35:23] <wrbtrader> Unusual price action...unusual profits
[10:35:26] <Tigerman_____> yeah very good wrbtrader
[10:36:19] <wrbtrader> Some idiot will email me tomorrow and say..."If you can make +15 points on every trade...you'll be a millionaire by end of year"
[10:36:46] <Tigerman_____> yep I wanted write that too
[10:36:59] <Tigerman_____> I mean about someone one ask this
[10:37:24] <wrbtrader> Last time I had a trade like that...was many years ago and I held it for several hours
[10:37:56] <wrbtrader> Yet, it is the biggest WRB pt1 ever
[10:38:00] <wrbtrader> I think
[10:38:24] <wrbtrader> Usually a +15 points would be like a WRB pt5 after holding the position for multiple hours
[10:39:22] <wrbtrader> Once that damm broke the Support area...its been a straight down retracement
[10:40:17] <wrbtrader> Two trades before that Short...I almost gave up and called it quits for the day
[10:40:54] <wrbtrader> I was getting frustrated by the CALMNESS presented by the Financial Networks about the big decline prior to the Opening Bell
[10:42:01] <wrbtrader> The bounce upwards at the Open was clearly manipulation and orchestrated to give an illusion that -800 points was no big deal
[10:52:19] <wrbtrader> Now they're talking about a possible RATE CUT by June
[10:52:39] <wrbtrader> Due to the economic impact from the Corona-Virus
[11:03:34] <wrbtrader> Shorts Emini ES @ 3245.00 -> small size
[11:03:39] <wrbtrader> 3 contracts
[11:04:06] <wrbtrader> Should have been Short @ 3246.00
[11:04:15] <wrbtrader> WRB pt1 reached
[11:04:36] <wrbtrader> Covered all Emini ES Short @ 3241.75 --> + 3.25
[11:04:43] <werner1> yeah i was late too so no pos here :(
[11:05:47] <wrbtrader> Usually on days like today...I would put the foot on the gas to try to get as much profits as possible
[11:06:45] <werner1> yeah one of those days
[11:06:56] <wrbtrader> Yet, since my illness the fall of 2016...I've learn to slow it down. Actually, my health has impacted my trading where I have no choice...must slow it down
[11:07:14] <wrbtrader> On that note...I'm calling it quits right here
[11:07:20] <wrbtrader> I'm done for the trading day
[11:07:44] <Tigerman_____> c ya wrbtrader I ll call quit soon too
[11:07:46] <wrbtrader> Take care, be care with the price action today and the next few trading days...
[11:08:12] <wrbtrader> You don't want to get caught off guard by some sort'uv "surprise rate cut" during the trading day.
[11:08:14] <werner1> thnx ...cya
[11:08:27] <wrbtrader> Very similar to the Clinton presidency
[11:08:35] <wrbtrader> See all tomorrow
[11:12:40] <werner1> Shorts Emini NQ @ 9133.00
[11:14:51] <werner1> Covered all Emini NQ Short @ 9126.50 --> + 6.5
[11:15:05] <werner1> @wrb pt1
[11:16:11] <werner1> smal sup zone here nq
[11:18:59] <werner1> ok done here ....cya
[11:45:48] <Tigerman_____> sh ES 3236.25
[11:46:34] <Tigerman_____> exit 2/3 @ 3234.50 +1.75
[11:50:20] <Tigerman_____> exit all rem 1/3 @ 3233.25 +3p
[11:50:56] <Tigerman_____> this trade was on a CFD intrument
[11:51:22] <Tigerman_____> simply small size just to test some strategy and test my calm
[11:52:17] <Tigerman_____> simply after the initial open I prefered not use big size ..big x me :) to not ruib my profit
[11:52:27] <Tigerman_____> ruib=ruin
[11:52:39] <Tigerman_____> ok finish x today
[11:52:51] <Tigerman_____> take care all see next time
Session Close

Bloomberg Markets: The Close' Full Show (02/24/2020) @ https://www.bloomberg.com/news/videos/2020-02-25/-bloomberg-markets-the-close-full-show-2-24-2020-video

@ wrbtrader @ Frequently Asked Questions @ Risk Warnings @ Terms of Use Policy


##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.

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:

Image CME Emini Futures EMD, ES and NQ

Image CME Emini RTY Futures (formerly ICE TF)

Image CBOT mini-sized Dow Futures YM

Image Micro E-mini Futures MES, MNQ, MYM and M2K

Image Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Image Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Image Euronext Futures FTSE-100 and CAC-40

Image CME Futures EuroFX 6E and EC

Image Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Image Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen, Usd/Cad, Xau/Usd and Xag/Usd

Image Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

Image NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BZ/BRN, e-miNY QM and Natural Gas NG

Image COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

Image S&P CNX NIFTY Futures

Image 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

Image TheStrategyLab Review about Dr. Dean Handley @ http://www.thestrategylab.com/dr-dean-handley-review.htm

Image Rebuttal to Mr. Emmett Moore Jr. via TheStrategyLab.com Review @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167

Image Review of Emmett Moore Jr. Tradingschools @ http://www.thestrategylab.com/emmett-moore-jr-tradingschools-review.htm

Image The Strategy Lab: Valforex - The Manipulative Review Scam @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3676

Image TheStrategyLab Review @ http://www.thestrategylab.com/thestrategylab-reviews.htm

Image Where did wrbtrader go? | Elite Trader @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=161&t=2844

Image Trolls Review @ http://www.thestrategylab.com/trolls-review.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
Image@ http://twitter.com/wrbtrader Image@ http://stocktwits.com/wrbtrader
Image@ https://www.tradingview.com/u/wrbtrader

Phone: +1 224 307-4434
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
wrbanalysis@gmail.com (24/7)

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