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 Post subject: *March 18th Weds - #futures #forex #stocks #trading
 Post Posted: Wed Mar 18, 2020 2:05 pm 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2812
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
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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).

TheStrategyLab 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 TheStrategyLab 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 room 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.

Yet, be aware that many traders (including myself) are posting are also posting redacted screenshots of timestamp trade fills in broker trade execution platform in private thread at the forum. I use the timestamp redacted screenshots to verify if a trader is correctly using WRB Analysis...info I can not get from their broker statements alone.

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

031820-TheStrategyLab-Chat-Room-Key-Markets.png [ 4.61 MiB | Viewed 24 times ]

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

Bloomberg Markets: The Open Full Show (03/18/2020) @ https://www.bloomberg.com/news/videos/2020-03-18/-bloomberg-the-open-full-show-3-18-2020-video

[09:22:18] * Now talking in ##TheStrategyLab
[09:28:49] <wrbtrader> Good morning...
[09:29:00] <wrbtrader> Wow...Crude Oil at some crazy lows
[09:29:15] <wrbtrader> $24.30
[09:30:29] <wrbtrader> Futures just re-open...crazy spike down
[09:31:15] <wrbtrader> Let the Knife Catchers have at it :)
[09:32:48] <wrbtrader> I transfer a large amount of U.S. dollars yesterday into Canadian Currency between my Canadian / U.S. Banks
[09:33:30] <wrbtrader> Gained an extra almost .40 cents on the dollar
[09:34:20] <wrbtrader> Last time I did that was when I purchased my house and condo here in Canada
[09:34:50] <wrbtrader> Back then...got .51 cents extra on the dollar
[09:35:16] <wrbtrader> Will transfer more if those rates again gets reached
[09:37:08] <Tigerman______> gm all
[09:37:11] <Tigerman______> hi wrbtrader
[09:37:30] <Tigerman______> limit down today ..again
[09:37:34] <wrbtrader> Shorts Emini ES @ 2376.00 -> small size
[09:37:39] <wrbtrader> 1 contract
[09:38:23] <wrbtrader> Covered Emini ES Short @ 2374.00 --> + 2
[09:38:36] <wrbtrader> Missed the Short signal @ 2385.00
[09:39:31] <wrbtrader> Shorts Emini ES @ 2375.00 -> small size
[09:39:34] <wrbtrader> 1 contract
[09:39:37] <wrbtrader> re-entry
[09:40:49] <wrbtrader> Covered Emini ES Short @ 2374.00 --> + 1
[09:40:59] <wrbtrader> trail stop picked pocketed
[09:41:37] <wrbtrader> Long Emini ES @ 2383.00 -> small size
[09:41:41] <wrbtrader> 1 contract
[09:44:03] <wrbtrader> Exited Emini ES Long @ 2387.00 --> + 4
[09:44:15] <wrbtrader> trail stop picked pocketed
[09:45:41] <wrbtrader> Long Upper Shadow interval
[09:45:47] <wrbtrader> Shorts Emini ES @ 2376.00 -> medium size
[09:45:54] <wrbtrader> 5 contracts
[09:46:33] <wrbtrader> Covered all Emini ES Short @ 2376.50 --> - 0.5
[09:47:03] <wrbtrader> Shorts Emini ES @ 2376.00 -> medium size
[09:47:07] <wrbtrader> 5 contracts re-entry
[09:47:46] <wrbtrader> Covered all Emini ES Short @ 2373.00 --> + 3
[09:48:00] <wrbtrader> weird price action now
[09:48:10] <wrbtrader> That should have dropped like a rock
[09:49:33] <Tigerman______> yeah confusing
[10:00:40] <Tigerman______> wow extreme volatillity right now ES book seems dax or RTY
[10:01:06] <Tigerman______> almoet zero liquidity and jump on my stops :(
[10:23:58] <wrbtrader> Shorts Emini ES @ 2401.00 -> small size
[10:24:00] <wrbtrader> 3 contracts
[10:25:06] <wrbtrader> I keep hearing about "liquidity problems" in the markets today
[10:25:17] <wrbtrader> Covered all Emini ES Short @ 2404.00 --> - 3
[10:25:29] <wrbtrader> Long Emini ES @ 2405.00 -> small size
[10:25:35] <wrbtrader> 3 contracts
[10:26:10] <wrbtrader> strange looking Long Upper Shadow interval
[10:26:25] <wrbtrader> Didn't have time to check my other data source
[10:26:47] <wrbtrader> WRB pt1 reached...first one of the day
[10:27:11] <wrbtrader> Exited all Emini ES Long @ 2414.25 --> + 9.25
[10:55:54] <wrbtrader> Shorts Emini ES @ 2387.00 -> small size
[10:56:08] <wrbtrader> 3 contracts
[10:57:10] <wrbtrader> Covered all Emini ES Short @ 2388.00 --> - 1
[10:58:52] <Tigerman______> absurd no liquidity
[10:59:51] <wrbtrader> Shorts Emini ES @ 2386.00 -> small size
[10:59:58] <wrbtrader> 3 contracts
[11:00:26] <wrbtrader> Covered all Emini ES Short @ 2386.00 --> 0
[11:01:26] <wrbtrader> Covered all Emini ES Short @ 2387.00 --> - 1
[11:03:17] <wrbtrader> Shorts Emini ES @ 2389.00 -> small size
[11:03:33] <wrbtrader> 3 contracts re-entry
[11:03:51] <wrbtrader> A big battle in that area
[11:04:04] <wrbtrader> stop stealing too
[11:04:38] <wrbtrader> WRB pt1 reached
[11:04:53] <wrbtrader> Covered all Emini ES Short @ 2382.00 --> + 7
[11:11:00] <Tigerman______> downmove now head to same level at open
[11:11:49] <Tigerman______> I did a lot of fast trades on mNQ today just testing... too stressful very fast a nd most gain absobed by commissions
[11:12:08] <Tigerman______> simply I use mNQ to limit risk
[11:42:29] <wrbtrader> Dow closing in on -7 down
[11:42:49] <wrbtrader> Currently around -6.51 % down
[11:43:42] <wrbtrader> Long Emini ES @ 2366.00 -> small size
[11:43:49] <wrbtrader> 3 contracts
[11:44:17] <wrbtrader> Good price area near a WRB Zone to find support
[11:44:34] <wrbtrader> Will be too afraid to reverse position into a Short i
[11:45:03] <wrbtrader> Exited all Emini ES Long @ 2360.50 --> - 5.5
[11:45:30] <wrbtrader> Shorts Emini ES @ 2357.00 -> small size
[11:45:38] <wrbtrader> 3 contracts
[11:46:10] <wrbtrader> Covered all Emini ES Short @ 2362.00 --> - 5
[11:47:16] <wrbtrader> double fucked
[11:47:44] <wrbtrader> Long Emini ES @ 2364.00 -> small size
[11:47:54] <wrbtrader> 3 contracts
[11:49:09] <wrbtrader> Exited all Emini ES Long @ 2375.00 --> + 11
[11:49:27] <wrbtrader> saved by a Long Upper Shadow interval :)
[11:53:37] <Tigerman______> yep
[12:33:35] <wrbtrader> Shorts Emini ES @ 2367.00 -> medium size
[12:33:48] <wrbtrader> 4 contracts
[12:34:07] <wrbtrader> chopping around
[12:34:29] <wrbtrader> Covered all Emini ES Short @ 2366.00 --> + 1
[12:35:21] <wrbtrader> Shorts Emini ES @ 2362.00 -> medium size
[12:35:28] <wrbtrader> 4 contracts re-entry
[12:35:46] <wrbtrader> increasing volatility during the prior trade
[12:36:08] <wrbtrader> now retesting most recent reaction low
[12:37:03] <wrbtrader> still chopping around
[12:37:50] <wrbtrader> correction...
[12:38:14] <wrbtrader> chopping around plus strange spread showed up
[12:38:40] <wrbtrader> Now trying to move down the range of a recent Long Lower Shaadow interval
[12:39:24] <wrbtrader> Covered all Emini ES Short @ 2359.00 --> + 3
[12:39:56] <wrbtrader> Long Upper Shadow interval sucked prices back up to my trail stop :(
[12:40:02] <Tigerman______> lg mES 2359.25
[12:40:33] <Tigerman______> exit all @ 60.25 +1
[12:40:40] <Tigerman______> I ll try re-enter
[12:41:58] <wrbtrader> Shorts Emini ES @ 2354.50 -> medium size
[12:42:10] <wrbtrader> 4 contracts intuition re-entry
[12:42:26] <wrbtrader> near that recent reaction low
[12:42:38] <wrbtrader> I don't think it will hold as a support
[12:43:36] <wrbtrader> It's trying hard to hold :(
[12:44:27] <wrbtrader> Covered all Emini ES Short @ 2356.50 --> - 2
[12:44:33] <wrbtrader> It held
[12:44:52] <wrbtrader> Long Emini ES @ 2358.00 -> small size
[12:44:57] <wrbtrader> 3 contracts
[12:45:42] <wrbtrader> more volatility showing up after it contracted in the prior two trades
[12:46:21] <wrbtrader> Exited all Emini ES Long @ 2363.00 --> + 5
[12:46:38] <wrbtrader> snapback to trail pick pocket
[12:47:20] <wrbtrader> Shorts Emini ES @ 2356.00 -> medium size
[12:47:30] <wrbtrader> 5 contracts
[12:47:34] <wrbtrader> poor entry
[12:48:19] <wrbtrader> Short signal @ 2364 missed it
[12:48:50] <Tigerman______> SH mES @ 2353
[12:49:11] <wrbtrader> Covered all Emini ES Short @ 2352.00 --> + 4
[12:49:29] <wrbtrader> not a WRB pt1
[12:49:36] <wrbtrader> fear exit...
[12:49:42] <Tigerman______> exit all @ 2351 +2
[12:49:50] <wrbtrader> I saw -7 % and thought we'll go Limit Down
[12:50:44] <Tigerman______> yeah btw NQ just entered under the limit down price level
[12:54:09] <Tigerman______> RTY maybe near limit down
[12:54:44] <Tigerman______> depends if it stop at -7% from today high or is calculated differently
[12:58:27] <Tigerman______> wrbtrader... seems they halted now
[12:58:47] <Tigerman______> more or less levels I calculated
[13:09:03] <wrbtrader> Yep but I swear...I saw -7 % and that's why I dumped that Short
[13:09:49] <wrbtrader> I countinue downward almost another 10 points and then bounced up 2 points before going Limit Down
[13:09:53] <wrbtrader> Bizarre
[13:10:30] <Tigerman______> yep my conclusion is to stop trading well in advance before reach the limit
[13:11:03] <Tigerman______> big concern is they stop trading while one is in the mid of a trade
[13:11:32] <Tigerman______> these days are Very risky in any point tou look
[13:11:48] <wrbtrader> The reason why I'm in fear that when it reopens...it will open 10 points higher and jump over my stop
[13:11:59] <wrbtrader> Market now reopen
[13:12:20] <Tigerman______> Big issue is the health with this pandemia
[13:12:34] <wrbtrader> Rumors swirling in the market that Pres. Trump will shut it down
[13:13:14] <wrbtrader> I don't think that has ever happen although it may have occurred during the market crash that led into the great depression
[13:13:58] <wrbtrader> Big Long Lower Shadow interval
[13:14:04] <wrbtrader> Looks intimidating
[13:14:33] <wrbtrader> Shorts Emini ES @ 2338.00 -> small size
[13:14:44] <wrbtrader> 1 contract
[13:15:01] <wrbtrader> Big Balls trade
[13:15:09] <Tigerman______> SH mES 2334
[13:15:37] <wrbtrader> price action trying hard to move down the range of that big Long Lower Shadow interval
[13:16:25] <wrbtrader> now getting close to the S area of the Long Lower Shadow interval
[13:16:49] <Tigerman______> exit all mES @ 2327 +6
[13:16:49] <wrbtrader> Covered Emini ES Short @ 2330.00 --> + 8
[13:17:14] <wrbtrader> trail stop picked pocketed after a test of the S area :(
[13:17:25] <wrbtrader> now below it
[13:17:49] <Tigerman______> VIX was at 85.3 !!!!
[13:18:18] <wrbtrader> Wow
[13:19:31] <wrbtrader> Another Wow...Light Crude Oil CL futures @ 22.48
[13:19:41] <wrbtrader> Unreal
[13:20:33] <wrbtrader> Big savings at the gas pump but it won't matter if people don't have a job to drive to
[13:22:22] <wrbtrader> Emini NQ futures big snapback upwards above the Limit Down price
[13:23:19] <wrbtrader> Shorts Emini ES @ 2331.00 -> medium size
[13:23:27] <wrbtrader> 5 contracts
[13:23:52] <wrbtrader> WRB pt1 reached
[13:24:45] <wrbtrader> Covered all Emini ES Short @ 2330.00 --> + 1
[13:24:55] <wrbtrader> trail stop picked pocketed
[13:25:22] <wrbtrader> Shorts Emini ES @ 2333.00 -> medium size
[13:25:32] <wrbtrader> 5 contracts re-entry
[13:26:28] <wrbtrader> Covered all Emini ES Short @ 2329.00 --> + 4
[13:26:32] <wrbtrader> :(
[13:26:51] <wrbtrader> Shorts Emini ES @ 2329.00 -> medium size
[13:27:02] <wrbtrader> 5 contracts re-entry intuition
[13:27:23] <wrbtrader> volatility contracting big time :(
[13:27:35] <wrbtrader> volatility spike
[13:28:02] <wrbtrader> WRB pt1 reached
[13:28:57] <wrbtrader> WRB pt2 reached
[13:29:36] <wrbtrader> Covered all Emini ES Short @ 2313.50 --> + 15.5
[13:29:52] <Tigerman______> very good :)
[13:30:16] <wrbtrader> Crazy trading day especially with earlier back to back trades at -5 points
[13:30:28] <wrbtrader> Plays with your head big time
[13:30:42] <Tigerman______> yep I used to that :(
[13:31:14] <wrbtrader> Just as crazy to be in a nice profitable Short position and get spooked out of the position for fear of a "limit down"
[13:31:15] <Tigerman______> got many stop hit bad fill and so on
[13:32:05] <Tigerman______> wrbtrader now they limit another -7% from last limt or what ?
[13:32:22] <wrbtrader> Next level is -13 %
[13:32:32] <Tigerman______> or will be -13% from high today ?
[13:32:52] <Tigerman______> I mean -13% from todays High
[13:32:59] <wrbtrader> Yeah...its a little confusing
[13:33:17] <wrbtrader> I believe its -13 % from the opening price
[13:33:19] <Tigerman______> blood on street
[13:34:35] <wrbtrader> Will be crazy to see if they just Shut Down the markets for a few trading days
[13:35:07] <wrbtrader> I can't remember how long the markets were closed after 911
[13:35:27] <wrbtrader> I'm going to review those trading notes for that later on today
[13:36:05] <wrbtrader> Market has retraced ALL the gains that occurred after President Trump took office
[13:36:13] <wrbtrader> Wow
[13:36:15] <wrbtrader> Crazy
[13:36:18] <Tigerman______> seems it was closed 5 days or one week
[13:36:34] <Tigerman______> panic sell at max
[13:36:56] <wrbtrader> Yeah...I know it was closed for a few days but I can't remember exactly how long the markets were closed after 911
[13:37:32] <wrbtrader> Especailly want to review my charts about how it re-open
[13:37:46] <Tigerman______> meanwhile VIX almost at 86!!
[13:47:06] <Tigerman______> ok finish for today
[13:47:35] <wrbtrader> Someone asked me why I keep cutting my day short...
[13:47:43] <wrbtrader> Only 1/2 trading days
[13:47:53] <wrbtrader> Its just too stressful :)
[13:48:26] <Tigerman______> yeah lot of silly questions
[13:48:34] <wrbtrader> Yep
[13:48:39] <Tigerman______> most never trade x really
[13:49:11] <Tigerman______> today it was VERY Super Stressful
[13:50:52] <Tigerman______> wrbtrader I think a trading day or just few our trading is more then a month of normal office work as Stress level
[13:51:18] <wrbtrader> Strong agree
[13:51:53] <Tigerman______> said that ...
[13:52:11] <Tigerman______> enought x me today
[13:53:05] <Tigerman______> take care wrbtrader and all see tomorrow
[13:54:14] <wrbtrader> Take care...be careful
[13:55:33] <Tigerman______> yeah sure thanks... bye
[13:57:02] <wrbtrader> Shorts Emini ES @ 2310.00 -> small size
[13:57:08] <wrbtrader> 1 contract
[14:02:33] <wrbtrader> volatility contracted...formed another S area
[14:03:59] <wrbtrader> broke below the support
[14:05:04] <wrbtrader> Crazy VIX still > 80
[14:06:43] <wrbtrader> Covered Emini ES Short @ 2303.00 --> + 7
[14:06:55] <wrbtrader> trail stop picked pocketed
[14:34:42] <wrbtrader> back from a break
[14:35:06] <wrbtrader> Emini futures at a prior S area that's now acting like a R area
[14:37:01] <wrbtrader> Long Emini ES @ 2288.00 -> small size
[14:37:05] <wrbtrader> 1 contract
[14:37:17] <wrbtrader> now above it
[14:37:36] <wrbtrader> breakout
[14:38:53] <wrbtrader> WRB pt1 reached
[14:39:13] <wrbtrader> Exited Emini ES Long @ 2304.50 --> + 16.5
[14:39:45] <wrbtrader> Ok...I'm done for the day
[14:39:52] <wrbtrader> Take care and see you tomorrow
Session Close

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