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 Post subject: *March 9th Mon - #futures #forex #stocks #trading
 Post Posted: Mon Mar 09, 2020 2:54 pm 
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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)
wrbanalysis@gmail.com (24/7)
Twitter @ http://twitter.com/wrbtrader (24/7)
Twitter Search Hashtags: #PriceAction, #ES_F, #YM_F, #NQ_F, #volatility, #emini, #futures, #fomc, #VIX, #thestrategylab, #wrbanalysis, #SPY, #SP500, #MicroEmini, #trading, #markets, #daytrading, #swingtrading
Stocktwits @ http://stocktwits.com/wrbtrader (24/7)
TradingView @ https://www.tradingview.com/u/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).

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

Attachment:
030920-TheStrategyLab-Chat-Room-Key-Markets.png
030920-TheStrategyLab-Chat-Room-Key-Markets.png [ 4.5 MiB | Viewed 7 times ]

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

Bloomberg Markets: The Open Full Show (03/09/2020) @ https://www.bloomberg.com/news/videos/2020-03-09/-bloomberg-the-open-full-show-3-9-2020-video

[08:49:38] * Now talking in ##TheStrategyLab
[09:09:17] <wrbtrader_away> Good morning...I'm back from March spring break.
[09:09:32] <wrbtrader_away> Markets is a mess because of the Corona Virsus and Oil mess
[09:09:42] * wrbtrader_away is now known as wrbtrader
[09:12:14] <wrbtrader> No trading for me today...I think the markets is still limit down (circuit breakers) this morning.
[09:13:11] <wrbtrader> Dow set to tank 1,300 points, Treasury yields crater as oil crashes amid all-out price war @ https://www.cnbc.com/2020/03/08/dow-fut ... tress.html
[09:13:58] <wrbtrader> The market has triggered a ‘circuit breaker’ that keeps stocks from falling through the floor. Here’s what you need to know @ https://www.cnbc.com/2020/03/09/sp-500- ... ck-in.html
[09:14:18] <wrbtrader> Today is a good day to stay out of the markets and just Watch / Learn
[09:15:11] <wrbtrader> Let someone else try "knife catch" this thing...someone trying to become rich.
[09:15:35] <wrbtrader> May be a good week to just stay out !!!
[09:19:36] <wrbtrader> We're getting hit right now with a snow storm here in Québec...suppose to stay as such tomorrow too but worst as a white out.
[09:19:56] <wrbtrader> Looks like I got back in time to bust my butt to clean up :(
[09:59:44] <wrbtrader> Dow craters 1,500 points and S&P 500 down 6% after trading resumes @ https://www.cnbc.com/2020/03/08/dow-fut ... tress.html
[10:27:44] <wrbtrader> Wow...VIX hit 62 today
[10:28:13] <wrbtrader> Corona Virus / Oil / Treasury Yields chaos
[10:32:00] <Tigerman_____> gm all
[10:32:15] <Tigerman_____> lg fGBL 178.92
[10:32:19] <wrbtrader> Good morning
[10:32:26] <Tigerman_____> hi wrbtrader
[10:32:58] <wrbtrader> I'm back from spring...won't bother to trade this crap for awhile. Will just rest
[10:33:13] <wrbtrader> Too much chaos in the market
[10:33:39] <Tigerman_____> exit 2/3 fGBL @ 179 +8tk
[10:34:00] <Tigerman_____> yeah plus issue with limit down and so on
[10:36:06] <Tigerman_____> exit all rem fGBL @ 179.07 +15tk
[10:36:26] <Tigerman_____> CFD trade on my test platform
[10:36:54] <Tigerman_____> simly I m looking at Bund world too these days
[11:11:35] <Trendtrader> no trades for me today.
[11:43:27] <wrbtrader> Emini ES futures has manage to fight its way back up to the price area where it went "limit down"
[11:43:54] <wrbtrader> A lot of knife catchers out there
[11:46:30] <Tigerman_____> not a good context today
[11:46:42] <Tigerman_____> odd vola low liquidity
[11:47:12] <Tigerman_____> anyway I tried extract something of it via experience
[11:47:44] <Tigerman_____> the Big issue of course is health issue all around the world
[11:54:13] <Tigerman_____> lg fGBL 178.40
[11:54:58] <Tigerman_____> exit all @ 178.39 -1tk CFD
[12:02:00] <Tigerman_____> lg fGBL 178.31
[12:02:42] <Tigerman_____> exit 1/3 @ 178.34 +3tk
[12:03:09] <Tigerman_____> exit 1/3 @ 178.36 +5tk
[12:05:30] <Tigerman_____> exit all @ 178.34 +3 tk
[12:05:37] <Tigerman_____> low vola
[12:06:05] <wrbtrader> Yeah, the volatility is low and the spreads are bad
[12:06:30] <Tigerman_____> also liquidity is missing
[12:07:25] <wrbtrader> Brokers sending out notices that margins are doubling
[12:07:39] <wrbtrader> I wonder why they didn't do that several weeks ago ?
[12:07:56] <Tigerman_____> meanwhile VIX very high >50
[12:08:09] <wrbtrader> Answer - Ooops...they needed to make their money first before sending out the notices.
[12:09:25] <Tigerman_____> yeah regardless most educated traders know well how to handle the risk
[12:09:35] <Tigerman_____> so limit exposure
[12:10:35] <Tigerman_____> yeah wannabe trader think they can add ES contracts evrytime...no way
[12:11:40] <Tigerman_____> lg fGBL 178.25
[12:13:08] <Tigerman_____> exit 2/3 @ 178.27 +2tk
[12:14:23] <Tigerman_____> exit all @ 178.25 trail hit
[12:14:52] <Tigerman_____> lg fGBL 178.21
[12:15:20] <Tigerman_____> exit 2/3 @ 178.25 +4t
[12:16:35] <Tigerman_____> exit all rem @ 178.35 +14 tk
[12:19:25] <wrbtrader> Price wars in Oil...worst loss since 1991 Gulf War
[12:19:28] <wrbtrader> Crazy
[12:19:50] <wrbtrader> Starting to feel like a Zombie Apocalypse
[12:20:31] <wrbtrader> My mom was schedule to take a Cruize across the Atlantic...
[12:20:49] <wrbtrader> She cancelled...will just stay in Chicago
[12:20:51] <Tigerman_____> yep btw in 2 months coming out last of Us part 2 for PS4 game
[12:21:49] <Tigerman_____> last of Us is a very good game about 2 family members fight in a world of survivors dominated via simil Zombie
[12:22:08] <Tigerman_____> wrbtrader...yeah it is safe do not move from home
[12:22:50] <Tigerman_____> wrbtrader.. how is people feeling about Virus in your town ?
[12:25:10] <wrbtrader> Grocery stores 1/2 empty, hospitals 1/2 empty with more employees at hospitals wearing protective masks
[12:26:09] <Tigerman_____> yeah same here mostly people not wear mask....because is impossible pick up one
[12:26:35] <wrbtrader> I had a bad dream last night that doctors treating the corona-virus...trying to find a vaccine...doctors accidentally converted the corona-virus into a ZOMBIE virus :)
[12:26:39] <Tigerman_____> just medical staff start using after government order ton in last days
[12:27:03] <wrbtrader> I was trapped in a hospital...hiding in the Oconology Lab
[12:27:07] <wrbtrader> Crazy dream
[12:27:33] <Tigerman_____> about the Vaccine seems they try a new way First time try a RNA Vaccine first time for Humans !!! it is scary
[12:27:38] <wrbtrader> DAX down only -800 points
[12:28:25] <wrbtrader> I can easily see these big market movements lasting into the early summer
[12:28:47] <Tigerman_____> wrbtrader do you know how many are dead and how many in life vemtilator or ICU ?
[12:29:09] <Tigerman_____> I mean in your country ?
[12:30:14] <Tigerman_____> seems odd to me some country report so few dead and Hospitalizaded patients
[12:30:23] <wrbtrader> Europe markets just closed
[12:30:36] <wrbtrader> Eurex and Euronext futures got killed
[12:30:55] <wrbtrader> Italian futures got killed today
[12:31:52] <Tigerman_____> yeah blood on streets
[12:33:30] <wrbtrader> Tigerman...you're in Italy...your town closed (locked in) ???
[12:35:22] <Tigerman_____> my zone no x now
[12:35:37] <wrbtrader> How far in driving distance are you from one of those towns that are closed down because of the Corona-Virus ?
[12:36:16] <Tigerman_____> depends how fast i drive :)
[12:36:38] <Tigerman_____> seriously is 150 KM
[12:36:45] <wrbtrader> :)
[12:36:54] <Tigerman_____> North region
[12:37:09] <Tigerman_____> I can excape in Austria or germany
[12:37:46] <wrbtrader> Oh...you want to bring Corona with you into Austria or Germany
[12:37:48] <wrbtrader> :)
[12:38:12] <Tigerman_____> I think they not let it entry :)
[12:38:44] <Tigerman_____> btw those 150KM I needed just half hour years ago
[12:39:30] <Tigerman_____> driving time with a sporting car
[12:39:59] <Tigerman_____> night hour with low trafic vs thses days
[12:41:01] <Tigerman_____> anyway situation is really BAD for every country...or something hidden with the Virus
[12:41:23] <wrbtrader> Agree
[12:41:33] <Tigerman_____> seems some countries are more immune very odd...
[12:42:31] <Tigerman_____> now milions of people fled away from chine since early January
[12:43:07] <Tigerman_____> odd only 2-3 contries are bad hit
[12:44:24] <Tigerman_____> anyway is really a nighmare ...the BIG issue is few seat left at Hospitals for who need it ..also x others causes scary!!!
[12:44:50] <wrbtrader> I feel sorry for the Asian woman standing behind the sushi counter in my favorite grocery store.
[12:45:04] <wrbtrader> Nobody buys sushi anymore...she looks scary lonely
[12:46:12] <Tigerman_____> yeah plus the fact the small shop will close
[12:46:17] <wrbtrader> She wore a mask for awhile...I think to let people know she was being careful
[12:46:31] <wrbtrader> Instead, it scared the hell out of potential customers
[12:46:52] <wrbtrader> Would you buy sushi from a Asian woman wearing a protective mask ?
[12:47:05] <wrbtrader> Not a good marketing message
[12:48:29] <Tigerman_____> people are not educated...anyway c mon this Virus is almost in any country and the weak one are in a sad situations
[12:49:00] <Tigerman_____> not sure if western countries can contain it like China
[12:50:27] <wrbtrader> China did a very good job in finally containing it...they were willing to shut every down after the world found out
[12:51:15] <wrbtrader> I can't see the U.S. able to do the same...too many crazy people will do whatever they want...like cross the Canada/U.S. border and come to Canada :( :( :(
[12:52:42] <wrbtrader> I joked with my mother and siblings over the weekend...France not a safe place because its so close to Italy.
[12:53:22] <wrbtrader> They can't come to Canada and stay at my condo at the ski resort...too many people already hiding out at the Ski resort
[12:53:49] <wrbtrader> I've never seen so many people at the ski resort like this past weekend
[12:54:16] <Tigerman_____> or Italy not safe because it is so close to France or Germany :)
[12:54:24] <wrbtrader> Best thing my relatives can do is take a plane to Florida and then paddle boat to Cuba :)
[12:54:37] <wrbtrader> They didn't think I was funny :)
[12:55:23] <Tigerman_____> wrbtrader did you know there are many sub-groups of this new virus
[12:55:52] <wrbtrader> I didn't know...I wouldn't be surprise
[12:56:20] <Tigerman_____> they discovered first it was introduced in central Europe via local managers
[12:56:57] <Tigerman_____> infected via people from China
[12:57:29] <Tigerman_____> then this manager traveled in others part of EU and World
[12:57:30] <wrbtrader> Eminis getting choppy fast right now...very strange
[12:58:05] <Tigerman_____> yep seems Algos are sleeping and Big funds out of markets
[12:58:16] <wrbtrader> Pending volatility spike...something is happening with Market Depth info do
[12:59:04] <wrbtrader> Emini ES @ 2788.00
[13:00:02] <wrbtrader> @ 2791.00
[13:01:35] <wrbtrader> @ 2798.00
[13:41:48] <Tigerman_____> ok finish docs
[13:41:55] <Tigerman_____> take care all see next time
[15:17:45] <wrbtrader> Emini ES futures @ 2763.00
[15:56:03] <wrbtrader> No trades today for me...too much chaos (CoronaVirus, Oil deal failure, Record Treasury Yields low) to see on my first day back from March spring break with the family
[15:56:10] <wrbtrader> Take care and see all tomorrow
Session Closed


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