##TheStrategyLab Price Action Chat Room Logs

September 3rd Thurs - #futures #forex #stocks #trading
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Author:  wrbtrader [ Thu Sep 03, 2020 11:04 am ]
Post subject:  September 3rd Thurs - #futures #forex #stocks #trading

090320-TheStrategyLab-Chat-Room-Key-Markets.png [ 5.54 MiB | Viewed 9 times ]

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

Bloomberg Markets: The Open Full Show (09/03/2020) @ https://www.bloomberg.com/news/videos/2020-09-03/-bloomberg-the-open-full-show-9-3-2020-video

[09:04:34] * Now talking in ##TheStrategyLab
[09:06:14] <asuni> good morning
[09:44:29] <wrbtrader> Good morning
[09:49:26] <asuni> vix 26.78
[09:51:03] <wrbtrader> Yeah...that's good...its trying to stay above that range
[10:09:20] <wrbtrader> Shorts Emini ES @ 3546.25 -> small size
[10:09:29] <wrbtrader> 3 contracts intuition
[10:10:26] <wrbtrader> Covered all Emini ES Short @ 3546.25 --> 0
[10:13:25] <asuni> now perfectly correlated
[10:14:42] <asuni> which was your initial stop with this volatility?
[10:25:13] <wrbtrader> Intial Stop is Auto upon entry
[10:25:16] <wrbtrader> -4 points
[10:25:32] <asuni> then u move it manually?
[10:25:38] <wrbtrader> Always
[10:25:42] <asuni> k
[10:26:46] <wrbtrader> Once in awhile in a blue moon...the price action will move so fast against me upon entry...that -4 point stop loss is hit within seconds
[10:36:17] <wrbtrader> Long Emini ES @ 3526.00 -> small size
[10:36:20] <wrbtrader> 3 contracts intuition
[10:37:02] <wrbtrader> Exited all Emini ES Long @ 3524.00 --> - 2
[10:37:17] <wrbtrader> Long Emini ES @ 3526.00 -> small size
[10:37:27] <wrbtrader> 3 contracts intuition re-entry
[10:37:44] <wrbtrader> Exited all Emini ES Long @ 3524.00 --> - 2
[10:38:18] <wrbtrader> Shorts Emini ES @ 3522.50 -> small size
[10:38:27] <wrbtrader> 3 contracts
[10:39:12] <wrbtrader> should have saw that recent Long Lower Shadow intervals prior to those Long positions :(
[10:39:44] <wrbtrader> Covered all Emini ES Short @ 3514.50 --> + 8
[10:39:58] <wrbtrader> WRB pt1 reached
[10:48:11] <wrbtrader> Shorts Emini ES @ 3512.25 -> small size
[10:48:18] <wrbtrader> 3 contracts
[10:48:58] <wrbtrader> Covered all Emini ES Short @ 3505.50 --> + 6.75
[10:49:06] <wrbtrader> WRB pt1 reached
[10:49:54] <asuni> i thought today with this volatility u would trade large positions
[10:57:38] <wrbtrader> Too many personal distractions today here at home...not trading any size until later
[11:13:44] <wrbtrader> Shorts Emini ES @ 3487.00 -> small size
[11:13:51] <wrbtrader> 3 contracts
[11:14:23] <wrbtrader> Covered all Emini ES Short @ 3488.75 --> - 1.75
[11:15:09] <wrbtrader> Shorts Emini ES @ 3487.00 -> small size
[11:15:21] <wrbtrader> 3 contracts re-entry
[11:15:58] <wrbtrader> moving fast
[11:16:24] <asuni> some minutes ago i entered short, 2 seconds and i was +2
[11:17:20] <wrbtrader> Covered all Emini ES Short @ 3476.50 --> + 10.5
[11:17:28] <wrbtrader> WRB pt1 reached
[11:17:36] <wrbtrader> crazy fast moving price action
[11:17:44] <asuni> like some months ago
[11:18:00] <wrbtrader> Yep...its a warning too
[11:18:57] <asuni> nq -4.86%
[11:19:25] <asuni> -7% is the block level?
[11:20:24] <wrbtrader> It's suppose to be but always confusing
[11:20:40] <asuni> yes, i remember last time markets were not stopped
[11:20:53] <wrbtrader> something to do with a situation that happens prior to the -7%
[11:21:46] <asuni> today long work to cancel filled wrbhg
[11:24:28] <asuni> looking at charts, now little retracement, but is 13 points.......
[11:51:01] <wrbtrader> Shorts Emini ES @ 3487.50 -> small size
[11:51:08] <wrbtrader> 3 contracts
[11:52:17] <wrbtrader> Covered all Emini ES Short @ 3488.75 --> - 1.25
[11:54:26] <wrbtrader> Long Emini ES @ 3490.50 -> small size
[11:54:29] <wrbtrader> 3 contracts
[11:55:44] <wrbtrader> Exited all Emini ES Long @ 3489.00 --> - 1.5
[11:56:56] <wrbtrader> Shorts Emini ES @ 3486.00 -> small size
[11:57:07] <wrbtrader> 3 contracts
[11:57:58] <wrbtrader> Covered all Emini ES Short @ 3479.00 --> + 7
[11:58:03] <asuni> great entry
[11:58:12] <wrbtrader> WRB pt1 reached
[12:20:39] <asuni> volatility spike is arriving i presume
[12:25:32] <wrbtrader> It will be nice if it shows up during the lunch period
[12:25:47] <wrbtrader> especially when in a trade
[12:26:02] <asuni> ina trade in the right direction :-)
[12:35:05] <asuni> i think we'll see new lows
[13:25:59] <wrbtrader> Dow -783 points
[13:34:19] <wrbtrader> Shorts Emini ES @ 3454.00 -> small size
[13:34:27] <wrbtrader> 3 contracts
[13:35:31] <wrbtrader> Covered all Emini ES Short @ 3453.75 --> + 0.25
[13:38:42] <wrbtrader> Shorts Emini ES @ 3453.00 -> small size
[13:38:45] <wrbtrader> 3 contracts
[13:40:02] <wrbtrader> Covered all Emini ES Short @ 3449.75 --> + 3.25
[13:40:10] <wrbtrader> trail stop picked
[13:40:25] <wrbtrader> but still a WRB pt1
[13:44:20] <wrbtrader> Shorts Emini ES @ 3449.00 -> small size
[13:44:23] <wrbtrader> 3 contracts
[13:44:38] <wrbtrader> intuition re-entry
[13:45:15] <wrbtrader> Covered all Emini ES Short @ 3448.75 --> + 0.25
[13:45:21] <wrbtrader> trail stop picked
[13:46:18] <wrbtrader> back above the S area
[14:18:48] <wrbtrader> Shorts Emini ES @ 3448.25 -> small size
[14:18:53] <wrbtrader> 3 contracts
[14:19:24] <wrbtrader> Covered all Emini ES Short @ 3450.25 --> - 2
[14:19:56] <wrbtrader> Shorts Emini ES @ 3450.50 -> small size
[14:20:04] <wrbtrader> 3 contracts re-entry
[14:20:21] <wrbtrader> Covered all Emini ES Short @ 3451.25 --> - 0.75
[14:21:44] <wrbtrader> Shorts Emini ES @ 3451.25 -> small size
[14:21:50] <wrbtrader> 3 contracts re-entry
[14:22:51] <wrbtrader> Covered all Emini ES Short @ 3451.25 --> 0
[14:22:59] <wrbtrader> punks
[14:23:16] <wrbtrader> Shorts Emini ES @ 3450.50 -> small size
[14:23:24] <wrbtrader> 3 contracts re-entry
[14:24:28] <wrbtrader> something is going on with this Chop
[14:24:40] <wrbtrader> I'm now expecting a volatility spike here soon
[14:25:19] <wrbtrader> volatility contraction with fast chop typically leads to a volatility spike and/or strong directional price movement
[14:26:18] <wrbtrader> Covered all Emini ES Short @ 3449.00 --> + 1.5
[14:26:25] <wrbtrader> trail stop picked
[14:27:18] <wrbtrader> snapback Up
[14:27:26] <asuni> yes
[14:27:53] <asuni> we'll hae ve a better price
[14:32:22] <wrbtrader> no entry into this snapback UP :(
[14:32:38] <asuni> 1 little point
[14:37:25] <wrbtrader> contraction in the volatility
[14:37:38] <wrbtrader> R and S areas formed
[14:38:26] <wrbtrader> Long Emini ES @ 3465.00 -> large size
[14:38:29] <wrbtrader> 10 contracts
[14:39:28] <wrbtrader> Exited all Emini ES Long @ 3465.25 --> + 0.25
[14:40:19] <wrbtrader> back into that R / S area of the contracted volatility
[14:41:17] <wrbtrader> Shorts Emini ES @ 3458.25 -> large size
[14:41:22] <wrbtrader> 10 contracts
[14:41:36] <wrbtrader> small WRB pt1 reached
[14:43:34] <wrbtrader> Covered all Emini ES Short @ 3457.25 --> + 1
[14:44:16] <wrbtrader> 2 good tries at those R and S area...shaken out
[14:44:27] <asuni> 3 points in this short
[14:45:47] <asuni> closed at the open of most recent white wrbhg
[14:47:34] <asuni> i was initially short from 3462 but trail stop picked
[14:49:45] <wrbtrader> Shorts Emini ES @ 3450.00 -> small size
[14:49:52] <wrbtrader> 3 contracts
[14:50:24] <wrbtrader> Covered all Emini ES Short @ 3451.75 --> - 1.75
[14:51:07] <wrbtrader> Shorts Emini ES @ 3451.50 -> small size
[14:51:16] <wrbtrader> 3 contracts re-entry
[14:51:37] <wrbtrader> Covered all Emini ES Short @ 3453.00 --> - 1.5
[14:52:51] <wrbtrader> Shorts Emini ES @ 3450.75 -> small size
[14:52:56] <wrbtrader> 3 contracts re-entry
[14:54:10] <wrbtrader> Covered all Emini ES Short @ 3447.25 --> + 3.5
[14:54:23] <wrbtrader> trail stop picked but as a WRB pt1
[14:56:54] <wrbtrader> now it rolls over southward :(
[14:59:56] <wrbtrader> Shorts Emini ES @ 3441.25 -> small size
[15:00:02] <wrbtrader> 3 contracts
[15:00:21] <wrbtrader> Covered all Emini ES Short @ 3443.00 --> - 1.75
[15:00:39] <wrbtrader> Shorts Emini ES @ 3441.25 -> small size
[15:00:46] <wrbtrader> 3 contracts re-entry
[15:01:17] <wrbtrader> snapbacks have been brutal because of the chop
[15:01:45] <wrbtrader> Dow -923 points
[15:02:01] <wrbtrader> rolled the dice it will go _1000
[15:02:04] <wrbtrader> -1000
[15:02:34] <wrbtrader> consecutive intervals with Long Upper Shadow intervals
[15:05:52] <wrbtrader> now Long Lower Shadow intervals
[15:06:06] <wrbtrader> confusing price action :(
[15:07:13] <wrbtrader> Covered all Emini ES Short @ 3437.50 --> + 3.75
[15:07:31] <wrbtrader> trail stop picked but still a WRB pt1 reached
[15:08:56] <asuni> in 60 min chart there is a candle with a range of 80 points
[15:30:00] <wrbtrader> Shorts Emini ES @ 3429.25 -> small size
[15:30:08] <wrbtrader> 3 contracts
[15:30:44] <wrbtrader> Covered all Emini ES Short @ 3429.50 --> - 0.25
[15:32:45] <wrbtrader> Shorts Emini ES @ 3431.25 -> large size
[15:32:49] <wrbtrader> 10 contracts
[15:33:28] <wrbtrader> Covered all Emini ES Short @ 3431.00 --> + 0.25
[15:33:34] <wrbtrader> punks
[15:34:06] <wrbtrader> Shorts Emini ES @ 3431.25 -> large size
[15:34:16] <wrbtrader> 10 contracts re-entry
[15:35:11] <wrbtrader> Dow -1009
[15:35:28] <wrbtrader> Covered all Emini ES Short @ 3430.25 --> + 1
[15:35:37] <wrbtrader> trail stop picked
[15:35:42] <wrbtrader> didn't have a chance :(
[15:35:48] <wrbtrader> wild chop
[15:41:39] <wrbtrader> The price action was contracted...
[15:42:16] <wrbtrader> I bumped up the position size to exploit a breakout...didn't work...it just continue chopping around
[15:49:09] <wrbtrader> b.s. rollover to the south
[16:05:41] <wrbtrader> Market quickly fixed that rollover to the south :)
[16:05:59] <wrbtrader> Unfortunately, no trade signal to get a Long position
[16:06:23] <wrbtrader> Take care all and see all tomorrow
Session Close


##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.

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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
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