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 Post subject: ***August 11th Tues - #futures #forex #stocks #trading
 Post Posted: Tue Aug 11, 2020 3:06 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
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081120-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 (08/11/2020) @ https://www.bloomberg.com/news/videos/2020-08-11/-bloomberg-the-open-full-show-8-11-2020-video

[09:27:26] * Now talking in ##TheStrategyLab
[09:34:46] <wrbtrader> Shorts Emini ES @ 3367.25 -> large size
[09:34:49] <wrbtrader> 10 contracts
[09:35:42] <wrbtrader> Covered all Emini ES Short @ 3366.50 --> + 0.75
[09:35:57] <wrbtrader> WRB pt1 reached...not able to grap it...trail stop picked
[09:36:21] <wrbtrader> Shorts Emini ES @ 3364.50 -> large size
[09:36:32] <wrbtrader> 10 contracts re-entry :(
[09:36:36] <wrbtrader> poor entry
[09:36:59] <wrbtrader> Covered all Emini ES Short @ 3365.00 --> - 0.5
[09:37:28] <wrbtrader> Shorts Emini ES @ 3364.75 -> large size
[09:37:31] <wrbtrader> 10 contracts re-entry
[09:38:25] <wrbtrader> Covered all Emini ES Short @ 3364.50 --> + 0.25
[09:39:01] <wrbtrader> similar chop like yesterday's regular session ending but faster with a bigger range
[09:39:10] <wrbtrader> Essentially nore volatility
[09:39:19] <wrbtrader> snapback up
[09:39:44] <wrbtrader> VIX @ 21.57
[09:40:00] <wrbtrader> bad volatility
[09:40:06] <wrbtrader> still reverting
[09:40:14] <wrbtrader> still mean reverting
[09:41:19] <wrbtrader> Shorts Emini ES @ 3367.75 -> large size
[09:41:28] <wrbtrader> 10 contracts re-entry
[09:42:34] <wrbtrader> Covered all Emini ES Short @ 3369.25 --> - 1.5
[09:43:14] <wrbtrader> Shorts Emini ES @ 3369.00 -> large size
[09:43:28] <wrbtrader> Short entries getting higher :(
[09:44:03] <wrbtrader> short on time here for me
[09:44:24] <wrbtrader> reason why I'm pushing hard
[09:45:14] <wrbtrader> Covered all Emini ES Short @ 3369.75 --> - 0.75
[09:45:49] <wrbtrader> Long Emini ES @ 3370.50 -> large size
[09:46:03] <wrbtrader> Now above the R area
[09:47:33] <wrbtrader> Exited all Emini ES Long @ 3371.25 --> + 0.75
[09:47:53] <wrbtrader> Ok...ran out of time
[09:48:36] <wrbtrader> There's a thunderstorm here out of nowhere and my power backup is not connected
[09:48:40] <wrbtrader> be back later
[09:53:09] <wrbtrader> Ok...fixed. Crazy lightning outside
[09:55:11] <wrbtrader> If I get disconnected...it will be briefly before the backup kicks in
[09:56:17] <wrbtrader> Shorts Emini ES @ 3367.00 -> large size
[09:56:26] <wrbtrader> 10 contracts
[09:57:28] <wrbtrader> Covered all Emini ES Short @ 3363.75 --> + 3.25
[09:57:50] <wrbtrader> trail stop hit
[09:58:01] <wrbtrader> now a snapback Up :(
[09:58:45] <wrbtrader> Long Emini ES @ 3366.25 -> large size
[09:59:22] <wrbtrader> Exited all Emini ES Long @ 3365.50 --> - 0.75
[09:59:42] <wrbtrader> Shorts Emini ES @ 3364.50 -> large size
[09:59:53] <wrbtrader> 10 contracts
[10:00:05] <wrbtrader> down the range of the Long Lower Shadow interval
[10:01:46] <wrbtrader> Now you know what "mean reverting volatility" looks like...
[10:02:15] <wrbtrader> It's this crazy chop while it tries to pop below the 20 level
[10:03:07] <wrbtrader> Covered all Emini ES Short @ 3361.00 --> + 3.5
[10:03:11] <wrbtrader> trail stop picked
[10:03:26] <wrbtrader> VIX @ 22.01
[10:05:11] <wrbtrader> Emini futures volatility @ 20.75 a little different the VIX
[10:07:02] <wrbtrader> Shorts Emini ES @ 3360.50 -> large size
[10:07:17] <wrbtrader> 10 contracts
[10:07:33] <wrbtrader> trying hard to move down the range of its Long Lower Shadow interval
[10:08:23] <wrbtrader> WRB pt1 reached
[10:09:35] <wrbtrader> Covered all Emini ES Short @ 3355.75 --> + 4.75
[10:10:47] <wrbtrader> Settle down in my trading when I was no longer paranoid about the power going out in this thunderstorm / lightning everywhere
[10:11:34] <wrbtrader> looks like its now passing...just light rain...heavy stuff gone
[10:20:04] <wrbtrader> Missed Long position @ 3359
[10:21:10] <wrbtrader> Didn't want to chase it...did that earlier today...resulted in a poorly manage trade and a trade loss
[12:26:17] <wrbtrader> Long Emini ES @ 3370.00 -> small size
[12:26:28] <wrbtrader> 3 contracts
[12:30:21] <wrbtrader> Exited all Emini ES Long @ 3369.50 --> - 0.5
[12:30:53] <wrbtrader> Shorts Emini ES @ 3369.50 -> small size
[12:31:02] <wrbtrader> 3 contracts
[12:32:57] <wrbtrader> Covered all Emini ES Short @ 3368.75 --> + 0.75
[12:33:33] <wrbtrader> too much contraction going into the trade signal...resulting in a small WRB pt1
[12:34:19] <wrbtrader> Didn't want to take a chance and hold that for a possible WRB pt2 because there was not enough volatility showing up during the trade
[13:10:28] <wrbtrader> Long Emini ES @ 3360.50 -> small size
[13:10:53] <wrbtrader> correction...
[13:11:16] <wrbtrader> Long Emini ES @ 3369.50 -> small size
[13:12:06] <wrbtrader> tough trade in the range of a Long Upper Shadow interval
[13:12:18] <wrbtrader> 3 contracts
[13:14:26] <wrbtrader> Exited all Emini ES Long @ 3369.00 --> - 0.5
[13:15:59] <wrbtrader> Shorts Emini ES @ 3368.50 -> small size
[13:16:01] <wrbtrader> 3 contracts
[13:16:19] <wrbtrader> now moving down the range of a recent Long Lower Shadow interval
[13:19:20] <wrbtrader> Covered all Emini ES Short @ 3369.00 --> - 0.5
[13:20:53] <wrbtrader> Long Emini ES @ 3369.75 -> small size
[13:21:50] <wrbtrader> turning into one of those nasty chop areas :(
[13:23:39] <wrbtrader> WRB pt1 reached
[13:24:04] <wrbtrader> Exited all Emini ES Long @ 3373.75 --> + 4
[13:25:25] <wrbtrader> very close there...almost dumped it for a -0.75 points
[13:26:13] <wrbtrader> trail stop was sitting @ -2 points after the iniital stop of -4 points
[13:26:52] <wrbtrader> Had a little fear of tightning the trail again from -2 to -1 point
[13:27:10] <wrbtrader> because of that chop
[13:37:13] <wrbtrader> A lot of games being played as the volatility mean reverts the past week or so
[14:13:28] <wrbtrader> Shorts Emini ES @ 3371.25 -> small size
[14:13:40] <wrbtrader> 1 contract
[14:15:09] <wrbtrader> Covered Emini ES Short @ 3368.00 --> + 3.25
[14:15:18] <wrbtrader> WRB pt1 reached
[14:37:12] <wrbtrader> Shorts Emini ES @ 3359.00 -> small size
[14:37:15] <wrbtrader> 3 contracts
[14:37:29] <wrbtrader> fell below the S area
[14:37:37] <wrbtrader> on increasing volatility
[14:38:11] <wrbtrader> Market Depth also fell below its S area
[14:38:15] <wrbtrader> stalling now
[14:38:36] <wrbtrader> Covered all Emini ES Short @ 3359.00 --> 0
[14:39:05] <wrbtrader> Had to dump that...didn't realize that I enter on a WRB
[14:41:04] <wrbtrader> Long Emini ES @ 3361.00 -> small size
[14:41:11] <wrbtrader> 3 contracts
[14:41:16] <wrbtrader> back above the S area
[14:42:11] <wrbtrader> Exited all Emini ES Long @ 3362.25 --> + 1.25
[14:42:23] <asuni> perfect exit
[14:42:26] <wrbtrader> not a WRB pt1...early exit
[14:42:57] <wrbtrader> Shorts Emini ES @ 3361.25 -> small size
[14:43:03] <wrbtrader> 3 contracts
[14:43:17] <wrbtrader> should have done a position reversal
[14:43:45] <wrbtrader> Covered all Emini ES Short @ 3362.00 --> - 0.75
[14:44:11] <wrbtrader> That didn't work out well :(
[14:45:19] <wrbtrader> Shorts Emini ES @ 3361.00 -> small size
[14:45:27] <wrbtrader> 3 contracts
[14:45:34] <wrbtrader> 2nd try at it
[14:46:36] <wrbtrader> Covered all Emini ES Short @ 3360.00 --> + 1
[14:46:44] <wrbtrader> :(
[14:46:53] <wrbtrader> trail stop management problem
[14:47:03] <wrbtrader> not a WRB pt1
[14:47:34] <wrbtrader> Won't go after this again...afraid of getting stuck in a chop
[14:47:58] <wrbtrader> Will wait for a breakout of this new tight trading range
[14:51:38] <wrbtrader> Shorts Emini ES @ 3357.75 -> small size
[14:51:41] <wrbtrader> 3 contracts
[14:52:28] <wrbtrader> long upper shadow interval :(
[14:53:16] <wrbtrader> Covered all Emini ES Short @ 3358.50 --> - 0.75
[14:53:41] <wrbtrader> Long Emini ES @ 3359.75 -> small size
[14:53:50] <wrbtrader> 3 contracts
[14:53:58] <wrbtrader> high risk
[14:54:05] <wrbtrader> back inside the chop range
[14:54:20] <wrbtrader> hopefully it can retrace back up to the R area
[14:56:38] <wrbtrader> Exited all Emini ES Long @ 3361.25 --> + 1.5
[14:56:49] <wrbtrader> tight trail picked
[14:56:53] <wrbtrader> :(
[14:57:24] <wrbtrader> tough trading range
[14:57:42] <wrbtrader> Tried the breakout on that Short...didn't work
[15:15:31] <wrbtrader> Shorts Emini ES @ 3353.00 -> small size
[15:15:41] <wrbtrader> 3 contracts
[15:15:48] <wrbtrader> another WRB entry :(
[15:16:07] <wrbtrader> Need more volatility to keep it from retracing
[15:17:03] <wrbtrader> WRB pt1 reached
[15:18:19] <wrbtrader> Covered all Emini ES Short @ 3341.50 --> + 11.5
[15:19:50] <wrbtrader> I hope this is not a breaking news event price drop
[15:20:24] <wrbtrader> related to the markets waiting for Joe Biden to announce his running mate in the U.S. Presidential elections
[15:36:44] <wrbtrader> Long Emini ES @ 3341.25 -> small size
[15:36:51] <wrbtrader> 3 contracts
[15:37:51] <wrbtrader> Exited all Emini ES Long @ 3342.00 --> + 0.75
[15:38:12] <wrbtrader> trail stop picked...immediately when I moved it :(
[15:38:57] <wrbtrader> Long Emini ES @ 3338.00 -> small size
[15:39:02] <wrbtrader> 1 contract
[15:41:24] <wrbtrader> Exited Emini ES Long @ 3337.50 --> - 0.5
[15:42:17] <wrbtrader> Theres that strange chop again
[15:42:35] <wrbtrader> Shorts Emini ES @ 3336.25 -> small size
[15:42:41] <wrbtrader> 1 contract
[15:43:06] <wrbtrader> Covered Emini ES Short @ 3336.00 --> + 0.25
[15:43:19] <wrbtrader> Shorts Emini ES @ 3335.50 -> small size
[15:43:24] <wrbtrader> 1 contract
[15:44:15] <wrbtrader> Covered Emini ES Short @ 3334.75 --> + 0.75
[15:44:57] <wrbtrader> I'm not willing to trade in one of these mean reverting trading ranges
[15:45:28] <wrbtrader> meant...not willing to trade in another one...they're too mentally exhausting
[15:45:36] <wrbtrader> Take care and see all tomorrow
Session Close

Bloomberg Markets: The Close' Full Show (08/11/2020) @ https://www.bloomberg.com/news/videos/2020-08-11/-bloomberg-markets-the-close-full-show-08-11-2020-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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