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 Post subject: June 24th Weds - #futures #forex #stocks #trading
 Post Posted: Wed Jun 24, 2020 9:56 am 
Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 2883
Location: Canada
062420-TheStrategyLab-Chat-Room-Key-Markets.png [ 5.15 MiB | Viewed 1 time ]

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

Bloomberg Markets: The Open Full Show (06/24/2020) @ https://www.bloomberg.com/news/videos/2020-06-24/-bloomberg-the-open-full-show-6-24-2020-video

[09:28:27] * Now talking in ##TheStrategyLab
[09:33:19] <wrbtrader> Good morning
[09:33:32] <asuni> Good Morning
[09:34:03] <wrbtrader> KME @ 1030am est
[09:40:07] <wrbtrader> Strong up movement in Emini NQ futures
[09:43:06] <wrbtrader> Shorts Emini ES @ 3102.50 -> large size
[09:43:12] <wrbtrader> 10 contracts early entry
[09:45:23] <wrbtrader> Covered all Emini ES Short @ 3099.00 --> + 3.5
[09:45:33] <wrbtrader> small WRB pt1 reached
[09:46:02] <wrbtrader> Shorts Emini ES @ 3099.50 -> large size
[09:46:11] <wrbtrader> 10 contracts re-entry
[09:46:36] <wrbtrader> prior trade was a trail stop picked
[09:47:50] <wrbtrader> small WRB pt1 reached
[09:49:14] <wrbtrader> Covered all Emini ES Short @ 3093.00 --> + 6.5
[09:49:46] <werner1> gm
[09:50:03] <wrbtrader> held that one a little longer after the small WRB pt1 was reached because the volatility was starting to increase a lot
[09:50:23] <wrbtrader> tighten the trail stop just in case if did a snapback up
[09:52:44] <werner1> mm 100 piont drop nq
[09:59:01] <wrbtrader> I didn't expect a price drop like this
[09:59:31] <werner1> no
[09:59:44] <wrbtrader> I thought when the volatility showed up...it will soon die...
[09:59:47] <wrbtrader> It didn't
[10:23:08] <wrbtrader> The decline in the markets could be due to the IMF stating that the global decline is worst than forecasted @ https://www.bbc.com/news/business-53164304
[10:23:32] <wrbtrader> All the major financial networks picked up on it within minutes
[10:23:41] <werner1> ok tx
[10:31:43] <asuni> no reaction at the moment at KME
[10:33:45] <wrbtrader> No reaction and price action not trying to setup anything...UP or DOWN
[10:34:29] <wrbtrader> that has now changed...in the range of a Long Lower Shadow interval
[10:34:57] <wrbtrader> Shorts Emini ES @ 3072.50 -> small size
[10:35:03] <wrbtrader> 3 contracts
[10:35:40] <wrbtrader> choppy
[10:35:44] <wrbtrader> Covered all Emini ES Short @ 3072.25 --> + 0.25
[10:35:52] <wrbtrader> trail stop picked
[10:37:35] <wrbtrader> Shorts Emini ES @ 3070.00 -> small size
[10:37:42] <wrbtrader> 3 contracts re-entry
[10:37:47] <wrbtrader> intuition
[10:38:25] <wrbtrader> still choppy
[10:38:39] <wrbtrader> WRB pt1 reached
[10:39:23] <werner1> Shorts Emini NQ @ 10093.00
[10:39:30] <werner1> Covered all Emini NQ Short @ 10068 --> + 25
[10:41:11] <wrbtrader> Covered all Emini ES Short @ 3063.50 --> + 6.5
[10:41:44] <wrbtrader> Low of the prior Long Lower Shadow interval now a R area
[11:21:46] <wrbtrader> No entry on the way further down
[11:29:55] <wrbtrader> By the way, the next FOMC Rate Announcement is July 29th, September 16th, November 5th and December 16th
[11:32:06] <wrbtrader> IMF global outlook (bad) and the growing re-opening worries involoving the increasing Coronavirus and hospitalization...
[11:32:35] <wrbtrader> A big drag on the markets today...today's market context
[11:34:30] <asuni> There is an unfilled gap in ES regular trading hours to be filled
[11:34:53] <asuni> about 3030
[11:35:56] <wrbtrader> Dow -664 points
[11:36:12] <wrbtrader> VIX @ 35.48
[11:38:13] <werner1> i call it a day....take care all
[11:39:44] <wrbtrader> Shorts Emini ES @ 3035.25 -> small size
[11:39:46] <wrbtrader> 1 contract
[11:39:53] <wrbtrader> intuition
[11:41:44] <wrbtrader> trail stop tighten after the chop attack of the 3035 level
[11:41:51] <wrbtrader> now trailing @ profit
[11:42:33] <wrbtrader> Market Depth slowly still declining
[11:42:48] <wrbtrader> Dow -780 points
[11:43:15] <wrbtrader> WRB pt1 reached
[11:43:42] <wrbtrader> Covered Emini ES Short @ 3029.25 --> + 6
[11:54:30] * Now talking in ##TheStrategyLab
[13:26:29] <wrbtrader> Shorts Emini ES @ 3043.50 -> small size
[13:26:43] <wrbtrader> 3 contracts
[13:27:22] <wrbtrader> WRB pt1 reeached
[13:27:49] <wrbtrader> Covered all Emini ES Short @ 3038.75 --> + 4.75
[13:28:39] <wrbtrader> Trade signal @ 3049
[13:28:51] <wrbtrader> Thus, my trade was a chaser plus a poor entry
[14:02:44] <asuni> mmm perhaps going for new lows
[14:26:09] <wrbtrader> Shorts Emini ES @ 3039.25 -> small size
[14:26:12] <wrbtrader> 1 contract
[14:28:00] <wrbtrader> Covered Emini ES Short @ 3041.50 --> - 2.25
[14:28:27] <wrbtrader> Short Squeeze
[14:28:40] <wrbtrader> Long Emini ES @ 3044.00 -> small size
[14:28:48] <wrbtrader> 1 contract
[14:30:16] <wrbtrader> Exited Emini ES Long @ 3043.00 --> - 1
[14:30:44] <wrbtrader> Shorts Emini ES @ 3041.75 -> small size
[14:30:56] <wrbtrader> 1 contract
[14:32:10] <wrbtrader> Covered Emini ES Short @ 3043.00 --> - 1.25
[14:33:51] <wrbtrader> Long Emini ES @ 3045.00 -> small size
[14:33:55] <wrbtrader> 3 contracts
[14:34:39] <wrbtrader> Exited all Emini ES Long @ 3045.75 --> + 0.75
[15:10:51] <wrbtrader> Long Emini ES @ 3041.75 -> small size
[15:10:56] <wrbtrader> 3 contracts
[15:12:09] <wrbtrader> Exited Emini ES Long @ 3039.00 --> - 2.75
[15:12:09] <wrbtrader> Reverse and Enter Short Emini ES @ 3039.00
[15:12:27] <wrbtrader> 3 contracts on the position reversal
[15:13:27] <wrbtrader> Covered all Emini ES Short @ 3040.50 --> - 1.5
[15:13:55] <wrbtrader> Long Emini ES @ 3042.50 -> large size
[15:14:03] <wrbtrader> 10 contracts
[15:14:27] <wrbtrader> back to trying to move up the range of the recent Long Upper Shadow interval
[15:14:32] <wrbtrader> volatility surge now
[15:15:26] <wrbtrader> trying to get closer to a most recent reaction high
[15:15:50] <wrbtrader> Exited all Emini ES Long @ 3047.25 --> + 4.75
[15:16:03] <wrbtrader> trail stop picked
[15:16:13] <wrbtrader> another Long Upper Shadow interval
[15:16:28] <wrbtrader> Long Emini ES @ 3047.50 -> large size
[15:16:36] <wrbtrader> 10 contracts re-entry
[15:17:32] <wrbtrader> Exited all Emini ES Long @ 3048.25 --> + 0.75
[15:17:40] <wrbtrader> trail stop picked
[15:18:03] <wrbtrader> Long Emini ES @ 3047.25 -> small size
[15:18:09] <wrbtrader> 1 contract
[15:18:19] <wrbtrader> :(
[15:19:18] <wrbtrader> put the wrong position size in there...will not add to the trade
[15:19:49] <wrbtrader> WRB pt1 reached
[15:21:13] <wrbtrader> Exited all Emini ES Long @ 3052.50 --> + 5.25
[15:21:42] <wrbtrader> not sure how I made that position size mistake
[15:24:23] <wrbtrader> Shorts Emini ES @ 3048.75 -> large size
[15:24:29] <wrbtrader> 10 contracts
[15:25:11] <wrbtrader> Covered all Emini ES Short @ 3048.50 --> + 0.25
[15:25:16] <wrbtrader> punks
[15:25:22] <wrbtrader> trail stop picked
[15:26:16] <wrbtrader> Shorts Emini ES @ 3049.75 -> large size
[15:26:19] <wrbtrader> 10 contracts re-entry
[15:27:03] <wrbtrader> more chop
[15:30:37] <wrbtrader> choppy again :(
[15:32:49] <wrbtrader> slow developing...creeper price movement
[15:34:27] <wrbtrader> trade testing my patience
[15:35:21] <wrbtrader> contracting volatility
[15:35:41] <wrbtrader> Covered all Emini ES Short @ 3046.50 --> + 3.25
[15:35:53] <wrbtrader> trail stop picked
[15:36:19] <wrbtrader> Shorts Emini ES @ 3045.00 -> large size
[15:36:32] <wrbtrader> 10 contracts re-entry
[15:36:59] <wrbtrader> poor re-entry...caught analyzing the prior Up WRB Hidden GAP interval
[15:37:39] <wrbtrader> Now below the R area of that most recent prior Up WRB Hidden GAP interval
[15:40:23] <wrbtrader> Covered all Emini ES Short @ 3044.50 --> + 0.5
[15:40:26] <wrbtrader> trail stop picked pocketed again
[15:41:01] <wrbtrader> don't see any reason for it to snapback up like that :(
[15:41:38] <wrbtrader> As they say...leave it alone if you do not understand it
[15:41:50] <wrbtrader> I'm calling it quits right here on that note
[15:41:57] <wrbtrader> Take care and see all tomorrow
Session Closed

Bloomberg Markets: The Close' Full Show (06/24/2020) @ https://www.bloomberg.com/news/videos/2020-06-24/-bloomberg-markets-the-close-full-show-06-24-yyyy-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 Qu├ębec, 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
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Phone: +1 224 307-4434
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