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 Post subject: August 4th Tues - #futures #forex #stocks #trading
 Post Posted: Tue Aug 04, 2020 3:30 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
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080420-TheStrategyLab-Chat-Room-Key-Markets.png
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click on the above image to view today's price action of key markets

Bloomberg Markets: The Open Full Show (08/04/2020) @ https://www.bloomberg.com/news/videos/2020-08-04/-bloomberg-the-open-full-show-8-4-2020-video

[09:18:27] * Now talking in ##TheStrategyLab
[09:18:27] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:18:34] <asuni> good morning
[10:42:18] <wrbtrader> Not much today
[10:42:55] <wrbtrader> Missed the only trade signal today (Short) that may have generated a 3 point winner if the entry was near perfect
[10:50:42] <wrbtrader> Short squeez the past 10 minutes
[10:51:13] <asuni> and these boring upmoves
[10:51:21] <asuni> NQ is died
[10:51:33] <wrbtrader> Yep
[10:52:22] <wrbtrader> Its one of the best time for Emini ES to put on a Short Squeeze is one the other other Eminis are doing very little...boring price movement
[10:52:49] <asuni> and no interesting wrb sr zones are forming
[10:54:40] <asuni> and imho it's also difficult and risky to enter in this kind of upmove
[11:30:39] <wrbtrader> Long Emini ES @ 3293.75 -> small size
[11:30:45] <wrbtrader> 3 contracts
[11:36:17] <wrbtrader> Exited all Emini ES Long @ 3293.75 --> 0
[11:36:28] <wrbtrader> early exit
[11:36:33] <wrbtrader> lost my patience
[11:36:51] <wrbtrader> will jump back in if volatility shows up to move it upwards
[11:40:36] <wrbtrader> Long Emini ES @ 3293.25 -> small size
[11:40:39] <wrbtrader> volatility slowly increasing
[11:40:46] <wrbtrader> 3 contracts re-entry
[11:41:20] <wrbtrader> small WRB pt1 reached
[11:41:46] <wrbtrader> Exited all Emini ES Long @ 3295.25 --> + 2
[12:18:28] <wrbtrader> Long Emini ES @ 3288.75 -> small size
[12:18:32] <wrbtrader> 1 contract
[12:20:13] <wrbtrader> Exited Emini ES Long @ 3288.25 --> - 0.5
[12:20:59] <wrbtrader> Long Emini ES @ 3289.00 -> small size
[12:21:07] <wrbtrader> 3 contracts
[12:25:23] <asuni> hard work
[12:27:32] <wrbtrader> small WRB pt1 reached
[12:27:39] <wrbtrader> Exited all Emini ES Long @ 3290.25 --> + 1.25
[12:47:01] <wrbtrader> Long Emini ES @ 3290.50 -> small size
[12:47:04] <wrbtrader> 1 contract
[12:48:57] <wrbtrader> Exited Emini ES Long @ 3290.75 --> + 0.25
[12:49:08] <wrbtrader> early exit...be back later
-
[14:00:19] * Now talking in ##TheStrategyLab
[14:24:00] <asuni> looking at 60min chart, last 2 days range od less then 20 points in regular hours
[14:27:52] <wrbtrader> Shorts Emini ES @ 3288.75 -> small size
[14:27:55] <wrbtrader> 3 contracts
[14:30:40] <wrbtrader> fell off clif
[14:31:18] <wrbtrader> WRB pt2 reached
[14:31:29] <wrbtrader> This price drop is news related
[14:31:47] <asuni> news?
[14:31:56] <wrbtrader> Maybe that explosion in Beriut
[14:32:02] <wrbtrader> Covered all Emini ES Short @ 3283.00 --> + 5.75
[14:32:28] <wrbtrader> But that happen earlier
[14:32:52] <wrbtrader> I was watching it closely to see if the market will react...market didn't do anything
[14:33:03] <wrbtrader> Just price noise while going sideways
[14:33:22] <wrbtrader> and then I put it aside...took a small Short position
[14:33:33] <wrbtrader> Then it dropped like a hot potatoe
[14:35:01] <wrbtrader> Trade signal was normal but I was hoping the negative news would impact the price action too
[14:35:25] <wrbtrader> I almost dumped it for a +0.25 profit and then it started dropping fast
[14:35:46] <wrbtrader> My patience is bad today :(
[14:40:17] <asuni> trying to create support
[14:42:23] <wrbtrader> Long Emini ES @ 3282.25 -> small size
[14:42:30] <wrbtrader> 3 contracts
[14:46:19] <wrbtrader> Exited all Emini ES Long @ 3284.25 --> + 2
[14:46:30] <wrbtrader> small WRB pt1 reached
[14:46:49] <Donnin________> anything new in terms of material?
[14:48:20] <wrbtrader> Donnin...You talking about the Beirut explosion ?
[14:48:40] <Donnin________> no i mean learning material
[14:48:54] <wrbtrader> Nothing new added to it
[14:49:45] <Donnin________> alright
[14:50:07] <wrbtrader> I was schedule to add some new stuff by December until the Pandemic hit
[14:50:22] <Donnin________> yeah thats what i remmeberd
[14:50:33] <wrbtrader> Simply, new stuff will not be added until after the Pandemic
[14:51:53] <Donnin________> i was unable to integrate wrb analysis in my trading but i understood there are some material that does not require that
[14:52:46] <wrbtrader> What's your trade strategy that you couldn't merge WRB Anlaysis into ?
[14:54:54] <Donnin________> i should add successfully
[14:55:20] <wrbtrader> Ok but what trade strategy you're using ?
[14:57:00] <wrbtrader> Is it custom (something you've created), price action, indicators or what ?
[14:57:47] <Donnin________> sure yes i always used various custom indicators
[14:58:38] <Donnin________> and the basic concepts of wrb and wrbhgs
[14:58:39] <wrbtrader> What type of indicators (RSI, MACD, moving averages, Stocastics, custom indicator) ?
[14:59:21] <Donnin________> i created mainly custom price action indicators
[14:59:47] <Donnin________> with the use of fractals
[15:00:50] <Donnin________> since that was the most consistent way to define a price movement to a programer
[15:01:11] <wrbtrader> What concept from WRB Anallysis were you using (Profit targets, Swing Points, Strong Continuation or Chapter 3) ?
[15:04:17] <Donnin________> can i post an image here of it?
[15:04:59] <wrbtrader> You can post an image in your private thread and then post a link in here to that image
[15:05:35] <wrbtrader> I don't think someone can post images directly to mIRC unless there's a new upgrade that allows such
[15:06:26] <wrbtrader> I tried to create a script code for posting images on IRC...doesn't work
[15:06:39] <wrbtrader> Keeps crashing the IRC program
[15:06:47] <Donnin________> i see
[15:11:39] <Donnin________> i would say the fault is my own i was never able test say chapter 4 alone
[15:11:50] <Donnin________> the most common chapter
[15:12:50] <wrbtrader> It's really not complicated...
[15:13:03] <Donnin________> against a setup due to not being able to see it in real time via a program
[15:13:09] <wrbtrader> First your test your trade strategy by itself...keep the results
[15:13:21] <Donnin________> yes
[15:13:32] <wrbtrader> Then you merge WRB Analysis with your trade strategy and do the testing again.
[15:13:50] <wrbtrader> It's the only way to determine if WRB Analysis helps your strategy or not
[15:13:58] <Donnin________> exactly
[15:14:07] <wrbtrader> I really don't know any other way to determine the merits
[15:14:29] <wrbtrader> The programming aspect...very few can program it
[15:14:39] <Donnin________> i never found anyone that could code the basics
[15:14:58] <Donnin________> or do anything
[15:15:35] <wrbtrader> The codes you saw at the forum for WRB Analysis Study Guide...those people you know were not able to duplicate it
[15:15:51] <wrbtrader> or you just couldn't find anyone to try to code it ?
[15:16:05] <Donnin________> just couldnt find anyone
[15:16:47] <wrbtrader> I know there's LESS coders these days...
[15:17:15] <wrbtrader> In comparison to the past when it seem like every other member were coders / programmers
[15:17:27] <Donnin________> lol yeah
[15:17:35] <wrbtrader> Now...most users don't seem to care about coding
[15:17:41] <wrbtrader> That's a contradiction
[15:18:00] <wrbtrader> Considering there's more algorithms in the market
[15:20:42] <wrbtrader> A year ago I asked 5 people that said they were coders / programmers...
[15:20:48] <wrbtrader> I tested them
[15:21:23] <wrbtrader> I asked them to code simple candlestick patterns even though it has nothing to do with WRB Analysis
[15:22:06] <wrbtrader> They couldn't even code a Harami, Shooting Star, Long Legged Doji nor Engulfing pattern.
[15:22:27] <wrbtrader> They tried but it was less than 40% accurate
[15:22:52] <wrbtrader> Simply, if they can't get the identification correct...they were NOT good coders
[15:23:27] <wrbtrader> That's how I test someone to see if they have coding skills
[15:23:34] <wrbtrader> Give them something easy to code
[15:23:46] <wrbtrader> If they can't do it...I tell them to keep walking
[15:24:55] <wrbtrader> Today, TO, Tradestation (easylanguages) and many other software have codes for indicators, candlestick patterns and price action
[15:25:14] <wrbtrader> I see more and more traders can NOT even code stuff like that
[15:25:21] <wrbtrader> They say its too difficult
[15:25:23] <wrbtrader> :)
[15:27:06] <wrbtrader> We have a Short Squeeze right now
[15:28:25] <wrbtrader> Long Emini ES @ 3290.50 -> small size
[15:28:28] <wrbtrader> 3 contracts
[15:28:48] <Donnin________> yep
[15:29:42] <wrbtrader> the squeeze is stalling :(
[15:30:31] <wrbtrader> more contraction
[15:31:31] <wrbtrader> Exited all Emini ES Long @ 3290.25 --> - 0.25
[15:31:57] <wrbtrader> Shorts Emini ES @ 3289.25 -> large size
[15:32:06] <wrbtrader> 10 contracts
[15:34:19] <wrbtrader> Covered all Emini ES Short @ 3289.00 --> + 0.25
[15:34:25] <wrbtrader> punks
[15:34:30] <wrbtrader> trail stop picked
[15:35:00] <wrbtrader> I thought I was ok and volatility will show up when it hit 3288.00
[15:35:20] <wrbtrader> volatility did not show up and gave it a chance to find new support
[15:41:41] <wrbtrader> It's been a boring / calm trading day until that bomb happen in Beriut
[15:50:52] <wrbtrader> Short Squeeze finally showed up with volatility
[15:51:04] <wrbtrader> sneaky too
[16:00:47] <wrbtrader> Had my chance in that Long position but shook out too soon
[16:00:55] <wrbtrader> Take care all and see all tomorrow
Session Close

Bloomberg Markets: The Close' Full Show (08/04/2020) @ https://www.bloomberg.com/news/videos/2020-08-04/-bloomberg-markets-the-close-full-show-08-04-2020-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 trade alert 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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