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 Post subject: March 19th Thurs - #futures #forex #stocks #trading
 Post Posted: Thu Mar 19, 2020 10:14 am 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
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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).

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

Attachment:
031920-TheStrategyLab-Chat-Room-Key-Markets.png
031920-TheStrategyLab-Chat-Room-Key-Markets.png [ 4.81 MiB | Viewed 209 times ]

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

Bloomberg Markets: The Open Full Show (03/19/2020) @ https://www.bloomberg.com/news/videos/2020-03-19/-bloomberg-the-open-full-show-3-19-2020-video

[09:32:23] * Now talking in ##TheStrategyLab
[09:53:58] <Tigerman______> gm all
[09:56:46] <Tigerman______> ES try now move up climbing a most recent long up shadow
[09:57:06] <Tigerman______> I just did some trade today at open ...just log here later
[10:01:33] <wrbtrader> Good morning
[10:02:24] <wrbtrader> Crazy thing I realized...I'm a small business owner in France and a citizen of two countries while a legal resident of a 3rd country
[10:03:05] <wrbtrader> All three countries are sending out checks (money) to help if I need it
[10:03:46] <wrbtrader> The traffic in my photography business has only seen a 10% drop but we're back logged for 5 months
[10:04:00] <wrbtrader> Thus, has a 5 month cushion
[10:04:38] <wrbtrader> In contrast, as an individual of the U.S. and Canada...both governments will be sending out checks for self-employ
[10:05:06] <wrbtrader> Yet, I do not need it as an individual that
[10:05:13] <wrbtrader> is self employed
[10:06:11] <wrbtrader> In contrast, my business in France "could" need it in about 5 months for the 10 employees if this Corona Virus continues keeping people scared and home bound
[10:06:51] <Tigerman______> ES now above open at today open
[10:07:02] <wrbtrader> Yet, as I've done in the past when needed...I've used my own profits from my trading to support my business in France whenever needed
[10:07:39] <Tigerman______> wrbtrader you lucky .... in some countries govenment send nothing :(
[10:08:13] <wrbtrader> That's only happen twice...2008 - 2010 during the financial crisis and year of the dot.com collapse
[10:08:23] <Tigerman______> simply very hard for people with no job
[10:08:59] <wrbtrader> Seems like a 10 year cycle of crazy stuff in which I'm moving my trading profits back into my business :(
[10:09:45] <Tigerman______> yeah some activity needs a lot of support just to breakeven
[10:09:54] <wrbtrader> Now you know why I'm trading during this Corona Virus...just in case I need more than a 5 month cushion
[10:10:33] <Tigerman______> you doing pretty well these days :)
[10:11:05] <wrbtrader> I'm not just supporting my family...I have employees to support too. So far...nobody has gotten sick and all working from home except my cousin (store manager)
[10:11:05] <Tigerman______> btw this crazy volatility help me gain more confidence in my trading
[10:11:48] <wrbtrader> Yes...volatility either breaks someone or gives them more confidence to trade within crazy high volatility trading conditions
[10:12:10] <wrbtrader> It also teaches you the importance of stop protection and trailing stop protection
[10:12:18] <Tigerman______> yeah this volatility is very hard indeed
[10:12:57] <Tigerman______> that give us fast profit and fast loss ...just it happen very quickly ...
[10:14:03] <Tigerman______> x example just did few seconds ago a trade in mES
[10:14:21] <Tigerman______> it last few seconds... 2point profit
[10:14:35] <Tigerman______> in low vola it needs 5min sometimes
[10:14:59] <Tigerman______> during that long time (5min) wait a lose my patience :(
[10:29:01] <wrbtrader> Strange calm in the markets today
[10:29:29] <wrbtrader> Calm before the storm ?
[10:29:31] <wrbtrader> :)
[10:30:19] <wrbtrader> Yet, VIX > 77
[10:33:02] <Tigerman______> today I take it easy
[10:33:11] <Tigerman______> yesterday was very stressfull
[10:36:07] <wrbtrader> The only trade signal I saw was in the DAX futures...a Long signal...nothing in the Emini futures
[10:37:03] <Tigerman______> issue with fDAX ...Big spread bid/ask
[10:37:21] <Tigerman______> around 6points or more right now
[10:37:25] <wrbtrader> Tigerman...have you traded the FDAX today ?
[10:37:31] <Tigerman______> yes
[10:37:35] <wrbtrader> Ok
[10:37:46] <Tigerman______> a couple of trade at US open
[10:37:48] <wrbtrader> I have not traded it in many years
[10:38:15] <Tigerman______> it moves fast and jumply like a snake
[10:38:28] <Tigerman______> big spread and low liquidity
[10:38:50] <Tigerman______> yesterday I traded everything :)
[10:39:02] <Tigerman______> I mean ES NQ and micros
[10:39:10] <wrbtrader> Shorts Emini ES @ 2386.00 -> small size
[10:39:13] <wrbtrader> 3 contracts
[10:39:19] <wrbtrader> intuition
[10:39:27] <Tigerman______> as soon as possible I have to upgrade my desk and monitors
[10:40:21] <wrbtrader> Covered all Emini ES Short @ 2384.00 --> + 2
[10:40:29] <wrbtrader> trail stop hit :(
[10:40:48] <wrbtrader> Shorts Emini ES @ 2379.00 -> small size
[10:40:58] <wrbtrader> 3 contracts re-entry
[10:41:00] <wrbtrader> punks
[10:42:11] <wrbtrader> Prior Short was a great entry...should have netted an easy +10 point trade until they stole my trail stop
[10:42:37] <wrbtrader> Covered all Emini ES Short @ 2376.00 --> + 3
[10:42:49] <wrbtrader> again trail stop picked pocketed
[10:43:11] <Tigerman______> yep trail stop pick up ruin the party most of the time
[10:43:46] <Tigerman______> on contrary not using stops or use too larger.... wow end in a disaster
[10:51:17] <Tigerman______> SH mES 2373
[10:53:09] <Tigerman______> exit all mES @ 2364 +9
[10:53:27] <Tigerman______> wrb pt1 reach
[11:22:53] <wrbtrader> By the way, because of the Corona Virus...
[11:23:14] <wrbtrader> I've gotten 5x more emails from people wanting to join the free chat room
[11:24:42] <wrbtrader> Strangely, when I ask them to post DOKs that they understand the WRB Analysis Free Study Guide and Redacted Screenshots of timestamp trade fills in broker trade execution platform to verify they've able to apply the WRB Analysis Free Study Guide with their trade method...
[11:25:21] <wrbtrader> So far, out of 25 emails this month...not one person is able to post a DOK nor Redacted Screenshot :)
[11:26:06] <wrbtrader> Those days of "Open Chat Room" that allowed anyone to just show up are long gone
[11:26:51] <wrbtrader> I think I password protected the room back in 2010 and then came down hard on members in 2014 about documenting their learning / application (trading) of WRB Analysis
[11:27:19] <wrbtrader> I really do not care about scaring away traders...it also minimizes the trolling
[11:29:10] <Tigerman______> hi ... I m just back from my breakfast
[11:29:22] <Tigerman______> I miss a good long move
[11:29:59] <Tigerman______> regardless I m very happy with my strawberrypie :))
[11:30:24] <Tigerman______> plus a ton of other delicious food
[11:31:29] <Tigerman______> 16:25 wrbtrader: So far, out of 25 emails this month...not one person is able to post a DOK nor Redacted Screenshot :) yeah very odd considering forum and are full of people posting all sorts of charts
[11:32:06] <Tigerman______> maybe is the screenshot of trade fill scare them
[11:33:00] <Tigerman______> btw I study these days some ways to import my data from broker to analyze them with 3rd part software
[11:33:26] <Tigerman______> no works smooth.. till now
[11:50:01] <wrbtrader> The easiest is to try to use a professional trade journal software...many work with brokers...you just need to find one that works with your broker or just call your broker technical department and ask them
[11:50:12] <wrbtrader> They can then recommend a software
[11:52:30] <Tigerman______> yep I tried some soft ..just import not works perfect then I need remove reference to my account and so on
[11:53:14] <Tigerman______> in contrast I imported in Excell or similar and figure out doing something myself
[11:53:56] <Tigerman______> I want also try doing manual stat and see how long it takes ..
[11:54:42] <Tigerman______> wrbtrader what I no like in commercial software they miss sort and compute some parameters
[11:55:25] <Tigerman______> I ll post some of this work in TSL forum so you ll see as well
[12:03:01] <wrbtrader> Yeah...I have not come across any professional journal software that has "everything" I need and even when I like one...its not suitable for someone else and vice versa
[12:03:53] <wrbtrader> Most of the professional trade journal software out there have tried to "partner" with TheStrategyLab but I'm not interested in any partnerships
[12:04:09] <wrbtrader> It sends the wrong message that others are not suitable
[12:04:27] <wrbtrader> That would then not be true because every trader has different needs
[12:05:11] <wrbtrader> Emini futures now within a WRB Zone
[12:06:22] <wrbtrader> Canada has cancelled all mortgage payments and student loan payments for 6 months due to Corona Virus
[12:07:39] <wrbtrader> Canada has given out 1450 warning tickets to Americans yesterday alone that have crossed the border to either vacation or shop
[12:08:14] <wrbtrader> Simply, people are ignoring staying home
[12:09:04] <wrbtrader> They really do not care...those people. They see the huge spike difference between the US / CDN dollar and trying to exploit it
[12:10:34] <Tigerman______> yeah lot of people around while they need stay home
[12:17:12] <wrbtrader> Shorts Emini ES @ 2386.00 -> small size
[12:17:20] <wrbtrader> 3 contraccts
[12:17:41] <wrbtrader> Missed trade signal @ 2390
[12:18:01] <wrbtrader> Simply, very little wiggle room now
[12:18:21] <wrbtrader> Covered Emini ES Short @ 2387.00 --> - 1
[12:18:41] <wrbtrader> Shorts Emini ES @ 2390.00 -> small size
[12:18:47] <wrbtrader> re-entry
[12:20:01] <wrbtrader> Covered Emini ES Short @ 2389.50 --> + 0.5
[12:20:22] <wrbtrader> early exit
[12:20:27] <wrbtrader> not a WRB pt1
[12:20:52] <wrbtrader> Exited early when I saw the price action trying hard to move up the range of a recent Long Upper Shadow interval
[12:21:41] <wrbtrader> Shorts Emini ES @ 2394.25 -> small size
[12:21:47] <wrbtrader> 3 contracts
[12:21:53] <wrbtrader> re-entry
[12:22:45] <wrbtrader> Covered all Emini ES Short @ 2392.00 --> + 2.25
[12:22:48] <wrbtrader> Glad I didn't quit on that WRB Zone
[12:23:05] <wrbtrader> price action now just chopping in and out of it
[12:23:35] <wrbtrader> be back later...lunch time and catch up on the news about the Corona Virus
[12:24:48] <Tigerman______> I exit here
[12:25:05] <Tigerman______> takr care wrbtrader and all see tomorrow bye
[13:06:01] <wrbtrader> Long Emini ES @ 2399.25 -> small size
[13:06:04] <wrbtrader> 3 contracts
[13:07:42] <wrbtrader> trying now to move up the range of a Long Upper Shadow interval
[13:07:52] <wrbtrader> WRB pt1 reached
[13:08:04] <wrbtrader> Exited all Emini ES Long @ 2409.00 --> + 9.75
[13:08:43] <wrbtrader> Less stressful trading today...actually a little boring
[13:08:52] <wrbtrader> Take care and see all tomorrow
Session Closed

Bloomberg Markets: The Close' Full Show (03/20/2020) @ https://www.bloomberg.com/news/videos/2020-03-20/-bloomberg-markets-the-close-full-show-3-19-2020-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.

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:

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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