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 Post subject: August 12th Weds - #futures #forex #stocks #trading
 Post Posted: Wed Aug 12, 2020 4:49 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
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click on the above image to view today's price action of key markets

Bloomberg Markets: The Open Full Show (08/12/2020) @ https://www.bloomberg.com/news/videos/2020-08-12/-bloomberg-the-open-full-show-8-12-2020-video

[09:06:55] * Now talking in ##TheStrategyLab
[09:38:56] <werner1> hi all
[09:39:01] <asuni> gm
[09:39:34] <werner1> gm asuni
[09:39:43] <wrbtrader> Good morning all
[09:40:33] <werner1> Long Emini NQ @ 10995.00
[09:43:59] <werner1> Exited all Emini NQ Long @ 10992.00 --> - 3
[09:45:25] <werner1> Long Emini NQ @ 10994.00
[09:48:41] <werner1> Exited all Emini NQ Long @ 11024.00 --> + 30
[09:49:48] <werner1> gm mark
[09:53:25] <werner1> Long Emini NQ @ 11029.75
[09:53:32] <wrbtrader> VIX @ 22.41
[09:53:49] <wrbtrader> still stuck in that tight range
[09:53:53] <werner1> Exited all Emini NQ Long @ 11046.00 --> + 16.25
[09:54:41] <werner1> vola nq is ok :)
[09:55:24] <werner1> indd i see vix @ low levels
[09:56:33] <werner1> but prev year vix @ 12
[09:57:00] <werner1> 12/20
[09:59:16] <werner1> mm maybe some res here nq
[10:01:03] <werner1> 1e short signal @11057 nq
[10:03:21] <wrbtrader> Trying to short squeeze
[10:03:37] <wrbtrader> Long Emini ES @ 3364.75 -> small size
[10:03:48] <wrbtrader> 3 contracts
[10:04:19] <wrbtrader> Exited all Emini ES Long @ 3365.75 --> + 1
[10:04:31] <wrbtrader> small WRB pt1 reached
[10:04:39] <werner1> Shorts Emini NQ @ 11061.50
[10:07:44] <werner1> Covered all Emini NQ Short @ 11067.00 --> - 5.5
[10:08:40] <werner1> Shorts Emini NQ @ 11065.00
[10:09:32] <werner1> Covered all Emini NQ Short @ 11058.00 --> + 7
[10:09:47] <werner1> done
[10:10:22] <werner1> take the profit and run :)
[10:11:42] <wrbtrader> agree
[10:12:12] <wrbtrader> I had a +3 pointer yesterday and let it turn into a -0.50 loser
[10:12:32] <wrbtrader> worst...it had hit a WRB pt1 and I got greedy into of taking it
[10:13:01] <werner1> yeah ..vacation modus :(
[10:14:03] <werner1> i think next week it wil be better??
[10:14:20] <wrbtrader> Shorts Emini ES @ 3364.25 -> large size
[10:14:22] <wrbtrader> 10 contracts
[10:15:21] <wrbtrader> Covered all Emini ES Short @ 3365.00 --> - 0.75
[10:15:54] <wrbtrader> Long Emini ES @ 3365.75 -> large size
[10:15:54] <werner1> still not a germany vacation @ your sister?
[10:16:16] <wrbtrader> Emini NQ pushing this Up
[10:16:34] <werner1> look out imo
[10:16:45] <wrbtrader> in a correlated way
[10:17:00] <wrbtrader> That's a good thing in comparison to yesterday poor correlation
[10:17:16] <wrbtrader> Exited all Emini ES Long @ 3365.75 --> 0
[10:17:35] <wrbtrader> Long Emini ES @ 3366.00 -> large size
[10:17:48] <wrbtrader> 10 contracts re-entry
[10:18:12] <wrbtrader> Want to see another Short Squeeze now
[10:18:22] <wrbtrader> Its setup for one
[10:18:49] <wrbtrader> Exited all Emini ES Long @ 3366.50 --> + 0.5
[10:19:12] <wrbtrader> :(
[10:21:21] <wrbtrader> Long Emini ES @ 3367.50 -> large size
[10:21:28] <werner1> Shorts Emini NQ @ 11071.00
[10:21:33] <wrbtrader> 10 contracts re-entry
[10:22:22] <werner1> Covered all Emini NQ Short @ 11065.00 --> + 6
[10:23:00] <werner1> looking for shorts here nq
[10:23:45] <wrbtrader> Exited all Emini ES Long @ 3369.00 --> + 1.5
[10:23:56] <wrbtrader> small WRB pt1 reached
[10:24:24] <wrbtrader> still trying to go higher
[10:24:44] <werner1> yep
[10:29:51] <werner1> [16:15] <werner1> still not a germany vacation @ your sister?
[10:30:57] <wrbtrader> Werner...you talking to yourself ?
[10:31:16] <werner1> no
[10:31:35] <wrbtrader> ok
[10:32:07] <werner1> you say a year a go that you wil como to germany
[10:32:26] <wrbtrader> Yeah...there wasn't a Pandemic then :)
[10:32:46] <werner1> lol
[10:32:56] <wrbtrader> Had planned a trip to Germany, Portugal and then Belgium
[10:33:08] <werner1> indd
[10:33:21] <wrbtrader> Pandemic changed everything
[10:34:10] <wrbtrader> It sucks too because I had made a full recovery from my own illness in 2016...
[10:34:11] <werner1> do you have famly @ germany?
[10:34:27] <wrbtrader> Now I'm paranoid about traveling anywhere
[10:34:38] <wrbtrader> because of the Pandemic
[10:34:44] <werner1> AI
[10:34:58] <werner1> no problem imo
[10:35:12] <wrbtrader> Yes...sister's husband is 1/2 Italian and 1/2 German
[10:35:19] <werner1> see
[10:35:20] <wrbtrader> His family in Germany
[10:35:24] <werner1> :)
[10:39:20] <wrbtrader> Shorts Emini ES @ 3371.00 -> large size
[10:39:24] <wrbtrader> 10 contracts on Emini NQ breaking its S area
[10:40:11] <wrbtrader> Covered all Emini ES Short @ 3371.00 --> 0
[10:40:34] <wrbtrader> small WRB pt1 reached but hesitated (over thinking)...didn't grab it
[10:40:44] <werner1> i am back from holiday germany.
[10:40:44] <werner1> mouth masks are mandatory.
[10:40:44] <werner1> this will have disastrous consequences for the economy.
[10:40:44] <werner1> here in the netherlands no mouth caps are required.
[10:41:35] <wrbtrader> Europe still has a ban on U.S. travelers ?
[10:41:45] <werner1> no
[10:42:03] <wrbtrader> Didn't know they removed the ban
[10:42:27] <wrbtrader> Shorts Emini ES @ 3371.00 -> large size
[10:42:40] <wrbtrader> 10 contracts re-entry
[10:43:05] <wrbtrader> Emini NQ futures still pushing lower below its S area
[10:43:13] <werner1> us is the one that bans
[10:43:15] <wrbtrader> ES suddenly doesn't want to correlate :(
[10:45:09] <wrbtrader> Covered all Emini ES Short @ 3370.75 --> + 0.25
[10:45:17] <wrbtrader> tough :(
[10:45:39] <wrbtrader> Long Emini ES @ 3371.50 -> large size
[10:45:55] <wrbtrader> 10 contracts back up the range of the Long Upper Shadow interval
[10:46:48] <wrbtrader> Exited all Emini ES Long @ 3371.25 --> - 0.25
[10:47:27] <wrbtrader> starting to feel like those mean reverting tight trading ranges we've had to past few trading days
[10:47:40] <wrbtrader> Do not want to get trap in one of those again
[10:50:06] <werner1> i know what corona is ... i have bin infectectit when i was @ ski @ ischgl ..austria... and i can tell you ...i have seen the dead in my eyes...i am a long patient..my fam had no problems....and for now my longs are clean and my condition is perfect
[10:51:30] <werner1> so i go for it:)
[10:51:40] <wrbtrader> :)
[10:53:54] <wrbtrader> Shorts Emini ES @ 3371.75 -> large size
[10:54:04] <werner1> ok ..take care ..see you all........
[10:54:06] <wrbtrader> 10 contracts
[10:54:10] <wrbtrader> take care
[10:54:18] <werner1> :)
[10:55:35] <wrbtrader> crappy crazy mean reversion chop :(
[10:56:06] <wrbtrader> Covered all Emini ES Short @ 3372.00 --> - 0.25
[10:56:44] <wrbtrader> snapback up into a Short Squeeze
[10:57:30] <wrbtrader> Long Emini ES @ 3374.00 -> large size
[10:57:41] <wrbtrader> 10 contracts
[10:58:27] <wrbtrader> Exited all Emini ES Long @ 3373.50 --> - 0.5
[10:59:06] <wrbtrader> Shorts Emini ES @ 3372.75 -> large size
[10:59:18] <wrbtrader> 10 contracts
[10:59:20] <wrbtrader> intuition
[10:59:46] <wrbtrader> Emini NQ broke its S area
[11:00:18] <wrbtrader> Covered all Emini ES Short @ 3372.00 --> + 0.75
[11:00:30] <wrbtrader> tight trail stop picked
[11:00:44] <wrbtrader> still bouncing around...crazy
[11:02:16] <wrbtrader> be back lerner...staying away for awhile from the seductive mean reversion
[13:04:12] <wrbtrader> Shorts Emini ES @ 3371.50 -> large size
[13:04:29] <wrbtrader> 10 contracts
[13:06:05] <wrbtrader> Covered all Emini ES Short @ 3370.75 --> + 0.75
[13:08:43] <wrbtrader> Shorts Emini ES @ 3370.25 -> large size
[13:08:54] <wrbtrader> 10 contracts
[13:11:44] <wrbtrader> Covered all Emini ES Short @ 3369.00 --> + 1.25
[13:11:51] <wrbtrader> WRB pt1 reached
[13:27:21] <wrbtrader> Shorts Emini ES @ 3366.50 -> small size
[13:27:30] <wrbtrader> 3 contracts
[13:27:43] <wrbtrader> moving down the range of a Long Lower Shadow interval
[13:28:25] <wrbtrader> small WRB pt1 reached
[13:29:13] <wrbtrader> Covered all Emini ES Short @ 3365.75 --> + 0.75
[13:48:07] <wrbtrader> Whacky correlations again
[14:22:21] <wrbtrader> Long Emini ES @ 3378.25 -> small size
[14:22:38] <wrbtrader> 1 contract
[14:23:50] <wrbtrader> Long Emini ES @ 3378.00 -> Add
[14:24:00] <wrbtrader> 1 added
[14:25:57] <wrbtrader> Exited 1/2 Emini ES Long @ 3378.25 --> + 0.25
[14:26:20] <wrbtrader> Exited Remainder Emini ES Long @ 3378.25 --> 0
[14:26:30] <wrbtrader> messy trade
[14:26:40] <wrbtrader> with poor entries
[14:32:08] <wrbtrader> Long Emini ES @ 3377.25 -> small size
[14:32:11] <wrbtrader> 3 contracts
[14:35:20] <wrbtrader> Exited all Emini ES Long @ 3377.25 --> 0
[14:35:42] <wrbtrader> punks :(
[14:36:02] <wrbtrader> fooled again by the correlation problems :(
[14:38:37] <wrbtrader> Long Emini ES @ 3377.00 -> small size
[14:38:40] <wrbtrader> 3 contracts
[14:39:01] <wrbtrader> is area for a position reversal if wrong
[14:39:30] <wrbtrader> Exited Emini ES Long @ 3376.50 --> - 0.5
[14:39:30] <wrbtrader> Reverse and Enter Short Emini ES @ 3376.50
[14:40:38] <wrbtrader> Covered all Emini ES Short @ 3376.50 --> 0
[14:40:51] <wrbtrader> geeesh :(
[14:42:33] <wrbtrader> Long Emini ES @ 3376.50 -> small size
[14:42:38] <wrbtrader> 3 contracts
[14:44:16] <wrbtrader> Exited all Emini ES Long @ 3377.25 --> + 0.75
[14:44:23] <wrbtrader> early exit
[14:44:28] <wrbtrader> not a WRB pt1
[14:44:55] <wrbtrader> need to re-energize...not sure if that's my last trade of the day
[14:45:03] <wrbtrader> Be back later
[15:51:49] <wrbtrader> Shorts Emini ES @ 3377.00 -> large size
[15:51:53] <wrbtrader> 10 contracts
[15:52:35] <wrbtrader> stole a great entry
[15:55:19] <wrbtrader> Covered all Emini ES Short @ 3372.75 --> + 4.25
[15:55:29] <wrbtrader> WRB pt1 reached
[15:56:16] <wrbtrader> Had to take that WRB pt1...didn't want to be around too much longer because its in the window of the 4pm rush hour traffic
[15:56:28] <wrbtrader> Take care all and see all tomorrow
Session Close

Bloomberg Markets: The Close' Full Show (08/12/2020) @ https://www.bloomberg.com/news/videos/2020-08-12/-bloomberg-markets-the-close-full-show-08-12-2020-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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