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 Post subject: *March 11th Weds - #futures #forex #stocks #trading
 Post Posted: Wed Mar 11, 2020 1:21 pm 
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TheStrategyLab Price Action Trading (no technical indicators)
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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
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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.

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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

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

Bloomberg Markets: The Open Full Show (03/11/2020) @ https://www.bloomberg.com/news/videos/2020-03-11/-bloomberg-the-open-full-show-3-11-2020-video

[09:26:56] * Now talking in ##TheStrategyLab
[09:33:37] <wrbtrader> VIX still above > 50
[09:33:56] <wrbtrader> It's going to be another volatile trading day
[09:34:22] <wrbtrader> Long Emini ES @ 2804.00 -> large size
[09:34:25] <wrbtrader> 10 contracts
[09:34:49] <wrbtrader> chasing Emini NQ futures...its stronger than Emini ES futures...trying to catch up to NQ
[09:35:04] <wrbtrader> Now at R area
[09:35:32] <wrbtrader> Exited all Emini ES Long @ 2805.00 --> + 1
[09:35:41] <wrbtrader> trail stop picked pocketed
[09:35:56] <wrbtrader> on a very fast snapback down :(
[09:36:39] <wrbtrader> Emini ES struggling at the R area
[09:38:11] <wrbtrader> Shorts Emini ES @ 2812.00 -> large size
[09:38:16] <wrbtrader> 10 contracts
[09:38:47] <wrbtrader> Emini NQ not able to get above that R area (prior KME)
[09:39:06] <wrbtrader> snapback down
[09:39:57] <wrbtrader> WRB pt1 reached
[09:41:35] <wrbtrader> super fast moving
[09:43:33] <wrbtrader> Long Lower Shadow interval
[09:43:48] <wrbtrader> Covered all Emini ES Short @ 2804.00 --> + 8
[09:44:24] <wrbtrader> looking for a re-entry
[09:44:42] <wrbtrader> Shorts Emini ES @ 2799.00 -> large size
[09:44:49] <wrbtrader> 10 contracts
[09:45:52] <wrbtrader> Emini ES trying hard to retrace back down the range of the Long Lower Shadow interval
[09:46:08] <wrbtrader> Covered all Emini ES Short @ 2797.00 --> + 2
[09:46:35] <wrbtrader> Shorts Emini ES @ 2800.00 -> large size
[09:46:45] <wrbtrader> 10 contracts re-entry
[09:47:07] <wrbtrader> moving down the range of the recent Long Lower Shadow interval
[09:48:03] <wrbtrader> Covered all Emini ES Short @ 2796.00 --> + 4
[09:48:09] <wrbtrader> :(
[09:48:24] <wrbtrader> Shorts Emini ES @ 2795.00 -> large size
[09:48:34] <wrbtrader> 10 contracts re-entry
[09:49:03] <wrbtrader> still moving down the range of the Long Lower Shadow interval...tough trade...keep getting shaken out
[09:49:33] <wrbtrader> Covered all Emini ES Short @ 2797.00 --> - 2
[09:49:54] <wrbtrader> Shorts Emini ES @ 2795.75 -> large size
[09:49:59] <wrbtrader> re-entry
[09:50:27] <wrbtrader> now retesting the Support area of the Long Lower Shadow interval
[09:51:26] <wrbtrader> now below it and retesting the Support area of the most recent Up WRB Hidden GAP interval
[09:52:01] <wrbtrader> Covered all Emini ES Short @ 2794.00 --> + 1.75
[09:52:12] <wrbtrader> bouncing off the S area
[09:54:33] <wrbtrader> That recent Up WRB Hidden GAP interval held its ground...preventing this from dropping like a rock
[09:55:16] <wrbtrader> I'm looking to Short that support area if its retested
[09:56:11] <wrbtrader> Dow -700 points
[09:59:26] <wrbtrader> Strange...all of my indices are updating normally...except for the DJIA
[09:59:42] <wrbtrader> its stuck @ -757
[10:01:28] <wrbtrader> @ -751
[10:02:23] <wrbtrader> CoronaVirus updates @ https://www.cnbc.com/2020/03/11/coronav ... dates.html
[10:02:52] <wrbtrader> Scary, wild, unbelievable...not exactly sure word word to use to describe today's situation
[10:07:27] <Tigerman_____> gm all
[10:07:35] <Tigerman_____> bad volatily today
[10:07:46] <wrbtrader> Good morning and how you're doing in Italy today ?
[10:08:28] <wrbtrader> Germany preparing for the CoronaVirus to spread into their country
[10:08:30] <Tigerman_____> good so far ... just country in lockdown
[10:09:06] <wrbtrader> Yeah...I know someone that just got the last flight out of Italy to fly back to Canada
[10:09:18] <Tigerman_____> important not get medical issue here
[10:09:35] <wrbtrader> She's a student...I'm freinds with her parents
[10:10:07] <Tigerman_____> others country behind italy they lag
[10:10:19] <Tigerman_____> so we will see next week
[10:10:37] <Tigerman_____> not many seat left at Hospitals
[10:10:53] <Tigerman_____> Japan and Germany a bit better
[10:11:00] <wrbtrader> Emini NQ futures above most recent reaction high
[10:11:14] <Tigerman_____> US Canada ans so on like Italy few seat x person
[10:13:26] <wrbtrader> My mom was able to get a full refund on a cancel cruise trip...she was planning to depart the first weekend of May
[10:14:19] <wrbtrader> 2 days prior...they said they will only give her 50% of her cancellation
[10:14:41] <wrbtrader> Change their minds yesterday to give her a full refund
[10:15:56] <wrbtrader> Shorts Emini ES @ 2803.00 -> large size
[10:15:58] <wrbtrader> 10 contracts
[10:16:53] <wrbtrader> tight trail on this one
[10:17:03] <wrbtrader> Covered all Emini ES Short @ 2802.50 --> + 0.5
[10:17:34] <wrbtrader> Shorts Emini ES @ 2803.00 -> large size
[10:17:39] <wrbtrader> 10 contracts re-entry
[10:17:55] <wrbtrader> tight trail stop again
[10:18:27] <wrbtrader> Covered all Emini ES Short @ 2802.00 --> + 1
[10:18:33] <wrbtrader> geeesh :(
[10:18:48] <wrbtrader> Shorts Emini ES @ 2801.00 -> large size
[10:18:57] <wrbtrader> 10 contracts re-entry
[10:20:04] <wrbtrader> Covered all Emini ES Short @ 2799.00 --> + 2
[10:20:27] <wrbtrader> Shorts Emini ES @ 2799.00 -> large size
[10:20:31] <wrbtrader> 10 contracts re-entry
[10:20:45] <wrbtrader> re-entries getting lower :(
[10:21:00] <wrbtrader> increasing volatility
[10:21:34] <wrbtrader> profit target that prior Support area of the Up WRB Hiddden GAP interval
[10:24:42] <wrbtrader> WRB pt1 reached
[10:25:03] <wrbtrader> Covered all Emini ES Short @ 2788.00 --> + 11
[10:25:12] <Tigerman_____> good :)
[10:25:54] <wrbtrader> I was tempted to get greedy and try to hold that a little longer until I remember it is a Support area.
[10:26:07] <wrbtrader> Knife catchers will start to show up
[10:29:39] <wrbtrader> Just heard that Northern Italy thinking about closing ALL businesses except for grocery stores
[10:31:04] <wrbtrader> A top health official here in Canada has tested posted for the CoronaVirus
[10:31:41] <wrbtrader> She's exposed many politicians without knowing she had the CoronVirus
[10:31:49] <wrbtrader> Wow...this is getting scary
[10:32:54] <Tigerman_____> yeah scary x sure
[10:33:46] <Tigerman_____> seems anyway US not take it so serious ....
[10:34:08] <Tigerman_____> instead is mandatary stop the spread
[10:34:44] <wrbtrader> When politicians and key health officials start to get infected...
[10:34:51] <wrbtrader> They'll take it more serious
[10:36:27] <wrbtrader> Shorts Emini ES @ 2784.00 -> small size
[10:36:29] <wrbtrader> 2 contracts
[10:36:47] <wrbtrader> Emini ES fell back below that prior key Support area
[10:38:10] <wrbtrader> Covered all Emini ES Short @ 2783.00 --> + 1
[10:38:21] <wrbtrader> trail stop picked pocketed
[10:39:35] <wrbtrader> Shorts Emini ES @ 2785.75 -> small size
[10:39:38] <wrbtrader> 2 contracts re-entry
[10:40:13] <wrbtrader> choppy now
[10:41:20] <wrbtrader> Covered all Emini ES Short @ 2784.50 --> + 1.25
[10:42:10] <wrbtrader> Shorts Emini ES @ 2784.50 -> small size
[10:42:19] <wrbtrader> 2 contracts re-entry
[10:42:25] <wrbtrader> re-entries still lower
[10:44:21] <wrbtrader> 2765 a realistic target for this Short...its the intraday lows
[10:44:44] <wrbtrader> Yet, if a volatility spike shows up and produces a WRB pt1 prior to that...I'll take it
[10:46:17] <wrbtrader> Covered all Emini ES Short @ 2783.00 --> + 1.5
[10:46:42] <wrbtrader> trail stop picked pocketed on the snapback up (a volatility spike against me)
[10:47:23] <wrbtrader> Prices back to the prior Support area of the Up WRB Hidden GAP interval
[10:47:49] <wrbtrader> Shorts Emini ES @ 2783.00 -> small size
[10:48:02] <wrbtrader> 2 contracts re-entry
[10:48:19] <wrbtrader> Long Upper Shadow trying to form on current interval
[10:49:38] <wrbtrader> Long Upper Shadow interval is in...now gotta be careful of the price action trying to move back up the range of that Long Upper Shadow interval
[10:51:12] <Tigerman_____> price action very fast right now
[10:51:23] <wrbtrader> Choppy too
[10:51:26] <Tigerman_____> I used small size in mES
[10:51:49] <Tigerman_____> just try mNQ wow no liquidity and jumping like a crazy frog
[10:51:50] <wrbtrader> volatility contracting now...strange to see
[10:51:58] <wrbtrader> I'm now expecting a volatility spike here soon
[10:52:05] <wrbtrader> tightning trail stop
[10:52:28] <Tigerman_____> fight in algos big funds are out loq liquidity in ES too
[10:53:12] <wrbtrader> 3 point chop now in a very tight range...crazy
[10:56:34] <wrbtrader> Emini ES now below the support area of its most recent chop
[10:58:54] <wrbtrader> trying to snapback :(
[10:58:58] <wrbtrader> volatility now jumpy
[10:59:42] <wrbtrader> Covered all Emini ES Short @ 2776.75 --> + 6.25
[10:59:57] <wrbtrader> trail stop picked pocketed on the snapback
[11:00:33] <wrbtrader> Back into the range of that recent Long Upper Shadow interval
[11:01:16] <wrbtrader> Long Emini ES @ 2781.00 -> small size
[11:01:22] <wrbtrader> 1 contract
[11:01:50] <wrbtrader> price moving up the range of recent Long Upper Shadow interval
[11:02:14] <wrbtrader> 2nd Long position of the day for me
[11:03:58] <wrbtrader> Exited Emini ES Long @ 2783.00 --> + 2
[11:04:08] <wrbtrader> tight trail picked pocketed
[11:14:11] <Trendtrader> long nq 8119.75 sim
[11:14:26] <Trendtrader> exit long nq 8124.75 +5 sim
[11:29:09] <wrbtrader> Shorts Emini ES @ 2760.25 -> medium size
[11:29:12] <wrbtrader> 5 contracts
[11:29:34] <Tigerman_____> increasing vola now at today low
[11:30:13] <wrbtrader> tough trade at the intraday lows for me
[11:31:56] <wrbtrader> Reminder - 1st circuit breaker is -7%
[11:32:16] <wrbtrader> Dow currently about -4 %
[11:32:25] <wrbtrader> Covered all Emini ES Short @ 2764.00 --> - 3.75
[11:34:58] <wrbtrader> Have not had an update to my Dow in about 15 minutes :( :( :(
[11:35:53] <wrbtrader> Based upon what the Emini YM is doing...
[11:36:10] <wrbtrader> The Dow Jones must be around -1050
[11:37:30] <wrbtrader> First update correct...DOW -1093
[11:38:33] <Tigerman_____> ES try rebound here @ 2775
[11:39:49] <Tigerman_____> lg mES 2474.50
[11:40:52] <Tigerman_____> exit 2/3 @ 2777.25 +2.75p
[11:41:29] <Tigerman_____> exit all @ 2774.75 +.25 trail hit
[11:48:27] <wrbtrader> Long Lower Shadow interval
[11:48:45] <wrbtrader> Shorts Emini ES @ 2767.75 -> medium size
[11:48:59] <wrbtrader> 5 contracts
[11:49:25] <wrbtrader> Covered all Emini ES Short @ 2767.00 --> + 0.75
[11:49:44] <wrbtrader> trail slapped down like a bug
[11:51:49] <wrbtrader> Shorts Emini ES @ 2771.25 -> medium size
[11:51:58] <wrbtrader> 5 contracts re-entry
[11:52:06] <wrbtrader> intuition entry
[11:52:58] <wrbtrader> choppy again
[11:53:20] <wrbtrader> Covered all Emini ES Short @ 2768.25 --> + 3
[11:53:38] <wrbtrader> not a WRB pt1
[11:53:51] <wrbtrader> the chop got too scary
[11:55:08] <wrbtrader> Shorts Emini ES @ 2768.25 -> medium size
[11:55:22] <wrbtrader> 5 contracts re-entry
[11:55:50] <wrbtrader> still trying to move down the range of the recent Long Lower Shadow interval
[11:57:25] <wrbtrader> Covered all Emini ES Short @ 2768.00 --> + 0.25
[11:58:19] <wrbtrader> Shorts Emini ES @ 2766.50 -> medium size
[11:58:21] <wrbtrader> 5 contracts re-entry
[11:58:37] <wrbtrader> Covered all Emini ES Short @ 2769.50 --> - 3
[11:58:42] <wrbtrader> geeesh
[12:00:16] <wrbtrader> Chopped around that most recent reaction low
[12:02:05] <wrbtrader> Shorts Emini ES @ 2771.00 -> medium size
[12:02:08] <wrbtrader> 5 contracts re-entry
[12:02:18] <wrbtrader> early entry
[12:02:34] <wrbtrader> tight range around the most recent reaction low
[12:02:43] <wrbtrader> meant prior reaction low
[12:03:42] <wrbtrader> Covered all Emini ES Short @ 2768.00 --> + 3
[12:04:13] <wrbtrader> I'm not really getting anywhere in this chop near/at the prior reaction low
[12:04:21] <wrbtrader> Just paying commissions
[12:04:58] <wrbtrader> Long Emini ES @ 2778.50 -> medium size
[12:05:04] <wrbtrader> 5 contracts
[12:05:19] <wrbtrader> breakout of the most recent reaction high
[12:05:53] <wrbtrader> Exited all Emini ES Long @ 2779.00 --> + 0.5
[12:06:05] <wrbtrader> trail stop slapped down like a bug
[12:06:25] <Tigerman_____> yeah stop hit are brutal theses days :(
[12:06:28] <wrbtrader> Long Emini ES @ 2778.50 -> medium size
[12:06:37] <wrbtrader> 5 contracts re-entry
[12:07:23] <wrbtrader> Exited all Emini ES Long @ 2777.50 --> - 1
[12:07:52] <Tigerman_____> lg mES 2777.50
[12:07:58] <Tigerman_____> intuition
[12:07:59] <wrbtrader> Long Emini ES @ 2778.00 -> medium size
[12:08:09] <wrbtrader> 5 contracts re-entry
[12:08:31] <Tigerman_____> exit 2/3 @ 82.50 +5p
[12:10:16] <wrbtrader> trade following the price action of Emini NQ and its now at a WRB pt1
[12:10:18] <Tigerman_____> exit all mES @ 2785.50 +8p
[12:11:22] <wrbtrader> Price action hitting the R area of recent Long Upper Shadow intervals
[12:13:26] <wrbtrader> Exited all Emini ES Long @ 2792.50 --> + 14.5
[12:14:06] <wrbtrader> caught the cover when it went above the R area of the Long Upper Shadow interval
[12:15:08] <Tigerman_____> wow wrbtradr you always exit with higher profit then me :)
[12:15:15] <wrbtrader> I'm shocked I caught a Long position like that
[12:15:39] <wrbtrader> I have not been using typical WRB pt1 levels today...
[12:16:30] <wrbtrader> Instead, because of the unusual volatility...I've been using S/R levels of "most recent" WRB Hidden GAP intervals and Long Shadow intervals as profit targets
[12:16:56] <wrbtrader> Yet, shaken out of most trades today via trail stop hits
[12:17:29] <Tigerman_____> lg mES 2791.50
[12:17:54] <Tigerman_____> exit 2/3 @ 2793 +1.50
[12:20:08] <wrbtrader> The KME for me on that Long position was the breaking news out of Europe by European Banks asking for financial relief because they're forsee pending damage due to the Corona Virus
[12:21:13] <wrbtrader> KME @ 12:04pm
[12:21:24] <wrbtrader> Time when I heard the news
[12:21:29] <Tigerman_____> exit all rem mES @ 2801.50 +10p
[12:22:03] <wrbtrader> I'm calling it quits right here
[12:22:10] <wrbtrader> Tiring trading day for me
[12:22:26] <Tigerman_____> wow I always (or amost always) got better results and Higher profit with low size trade like this one
[12:22:58] <Tigerman_____> higher size put me more pressure and tend exit early
[12:23:17] <Tigerman_____> I ll call it quit in minutes too wrbtrader
[12:24:16] <wrbtrader> The problem areas is the SPEED of the CHOP
[12:26:12] <Tigerman_____> yep very fast and hit stop in seconds... unless too risky larger stops... that my issue
[12:30:25] <wrbtrader> Breaking News Alert -
[12:30:55] <wrbtrader> World Health Organization (WHO) just declared the Corona Virus a PANDEMIC !!!
[12:31:13] <wrbtrader> 7 mins ago
[12:31:22] <Tigerman_____> at last :(
[12:31:41] <wrbtrader> Now the summer Olympics are in question
[12:31:51] <Tigerman_____> it was clear from a while
[12:32:28] <Tigerman_____> seems some investor lose money after this news because you there are out the so pandemic bond ?
[12:33:10] <Tigerman_____> I mean do you know they issued pandemic bonds some years ago ?
[12:33:30] <wrbtrader> I did not know that...weird
[12:34:23] <Tigerman_____> yeah more then weird ...seems after pandemic is official they lose capital
[12:34:45] <Tigerman_____> not read detail anyway crazy
[12:34:49] <wrbtrader> Geeesh...
[12:35:15] <wrbtrader> ‘Pandemic bonds’ to pay out amid coronavirus outbreak, says DBRS @ https://www.advisor.ca/investments/mark ... says-dbrs/
[12:36:24] <wrbtrader> It's small...only about 132.5 million dollars for distribution
[12:36:45] <wrbtrader> It would need to be above 500 million
[12:37:21] <wrbtrader> Didn't even know the WHO did stuff like that "Bonds" for virus outbreaks
[12:37:40] <Tigerman_____> yeah crazy world
[12:41:14] <wrbtrader> The PANDEMIC declaration killed that counter-thrust
[12:41:34] <wrbtrader> Markets should easily see new intraday lows
[12:49:31] <Tigerman_____> ok end session x today
[12:49:42] <Tigerman_____> take care all and see all next time
[12:56:47] <wrbtrader> New intraday lows for the Emini ES futures
[12:56:59] <wrbtrader> other Emini futures too
[12:59:20] <wrbtrader> Dow now -1200 points
[14:10:26] <wrbtrader> DOW now -1345 points (-5.38%)
[15:06:39] <wrbtrader> Dow now -1548 points (-6.19%)...
[15:07:01] <wrbtrader> Reminder - Circuit Breakers kick in @ -7 %
[15:09:50] <wrbtrader> Dow now -1628 points (-6.51%)...
[15:44:39] <wrbtrader> Dow now -1300 points (-5.20%)...
[15:58:28] <wrbtrader> Spent the remainder of the afternoon just watch financial news about the Coron Virus global economic impact
[15:58:40] <wrbtrader> Take care all and see all tomorrow
Session Closed


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