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 Post subject: October 14th Weds - #futures #forex #stocks #trading
 Post Posted: Wed Oct 14, 2020 4:09 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2956
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 (10/14/2020) @ https://www.bloomberg.com/news/videos/2020-10-14/-bloomberg-the-open-full-show-10-14-2020-video

Tigerman______> Tigerman gm all
<asuni> ... gm tigerman
<Tigerman______> Tigerman hi
09:31:40 → werner1 joined (~werner@77-171-68-216.fixed.kpn.net)
<werner1> ... gm all
<asuni> ... gm werner
<werner1> ... hi asuni
09:34:07 nq test today open all ses
09:34:31 @12079.75
09:36:38 wow
[09:37:28] * Now talking in ##TheStrategyLab
[09:42:49] <wrbtrader> Long Emini ES @ 3513.50 -> large size
[09:42:53] <wrbtrader> 10 contracts
[09:43:22] <werner1> Long Emini NQ @ 12139.00
[09:43:54] <werner1> Exited all Emini NQ Long @ 12145.00 --> + 6
[09:44:01] <wrbtrader> Exited all Emini ES Long @ 3515.25 --> + 1.75
[09:44:15] <wrbtrader> WRB pt1 reached
[09:46:30] <werner1> Long Emini NQ @ 12139.25
[09:46:56] <werner1> Exited all Emini NQ Long @ 12145.25 --> + 6
[09:49:44] <Tigerman______> ES in a good up trend x now
[09:50:04] <Tigerman______> problem is ... is that continue ?
[09:50:37] <Tigerman______> I mean nice to see a continution without too much crappy action
[09:51:13] <Tigerman______> regardless is already enought x me as trading
[09:51:27] <Tigerman______> did as always many trades today
[09:55:17] <Tigerman______> now I see a first contraction area in ES after the up trend
[09:56:03] <Tigerman______> nice a break above 3520 in ES
[09:56:13] <werner1> Shorts Emini NQ @ 12127.25
[09:56:44] <werner1> Covered all Emini NQ Short @ 12121.25 --> + 6
[09:59:30] <werner1> Shorts Emini NQ @ 12126.50
[10:00:05] <werner1> Covered all Emini NQ Short @ 12130.50 --> - 4
[10:03:30] <werner1> Shorts Emini NQ @ 12112.50
[10:03:47] <werner1> Covered all Emini NQ Short @ 12106.50 --> + 6
[10:04:15] <werner1> ok take a break here
[10:04:51] <wrbtrader> Tigerman...do you tend to be profitable in those trades you take before the Open or before you come in here ???
[10:05:30] <werner1> good question wrb
[10:05:39] <wrbtrader> Or are those trades just quick scalps ???
[10:05:43] <Tigerman______> wrbtrader... the many trades I did in ES was right after the open
[10:06:02] <Tigerman______> in contrast I did many trades in fDAX sice EU open
[10:06:14] <wrbtrader> Typically, how many trades you talk about
[10:06:23] <wrbtrader> My guess...about 5 trades
[10:06:48] <wrbtrader> meant 5 - 10 trades
[10:07:42] <Tigerman______> in ES around 10 entries from 9:30am NY time
[10:08:08] <Tigerman______> just many exit because I exit partials
[10:08:10] <wrbtrader> Wow...you must be scalping then
[10:08:46] <Tigerman______> more then 30 trades in Dax
[10:09:13] <werner1> mini dax ?
[10:09:14] <Tigerman______> yeah you can condider scalps...in reality I want hang on more ... very hard x me
[10:09:21] <wrbtrader> You using any automation in your trading to be able to do that many trades ???
[10:09:29] <Tigerman______> no all manual
[10:10:28] <Tigerman______> simply when price not going fast my direction ... I dump thr trade
[10:10:45] <wrbtrader> ok
[10:10:52] <Tigerman______> I wait x a good spike in my favor and close immediatly
[10:11:02] <Tigerman______> it is VERY Stressful
[10:11:45] <Tigerman______> infact I have re-consider this style because it has a BIG impact on any individual
[10:12:01] <Tigerman______> all these trades will be posted soon on forum
[10:13:01] <Tigerman______> simply I got many issue... first I lost data via Win updating
[10:13:29] <Tigerman______> then not satisfied with stat programs .. so I will do it by hands
[10:13:44] <Tigerman______> tone of trades x sure
[10:14:13] <werner1> what time frame do you use for these scalps ?
[10:14:51] <Tigerman______> infact wrbtrader... I always ask myself if all this stress merit ...when I see you do 2 trades and gain much more then me
[10:15:14] <Tigerman______> I get 2-3 ticks vs you got 6 points
[10:15:39] <wrbtrader> I use to do some stats about my number of trades for 10 years...
[10:15:40] <Tigerman______> werner... 1-2 minutes and ticks and seconds charts
[10:16:25] <wrbtrader> I now know if I have 5 trades or more before 12noon est...I've been over-trading
[10:16:35] <wrbtrader> Most likely too many intuition trades
[10:16:51] <wrbtrader> Rarely will I get that many valid trade signals
[10:17:17] <wrbtrader> Thus, 5 is a key number for me that I watch closely
[10:17:35] <wrbtrader> for the number of trades prior to 12noon est
[10:18:44] <Tigerman______> yeah ..do you consider re-entries ?
[10:19:07] <wrbtrader> Re-entries are intuition trades
[10:19:13] <Tigerman______> sometimes I need 3-4 re-entries before catch a spike in my favor
[10:19:57] <Tigerman______> ah ok .. wrbtrader did you some stat about those re-entries ?
[10:20:19] <wrbtrader> Although all re-entries have connection to a prior recent valid trade siganl
[10:20:27] <Tigerman______> because without those re-entries x me we lose many oportunities
[10:21:19] <Tigerman______> price dancing 1-2 points before spike up and give us the waited 5-10 points wrb pt1
[10:21:35] <Tigerman______> not always of course
[10:21:52] <Tigerman______> simply few times price action is so linear
[10:22:11] <Tigerman______> I like BIG volatility like march April
[10:22:25] <Tigerman______> just sad it was via the pandemic
[10:22:53] <Tigerman______> btw wrbtrader case cov19 rising fast in France
[10:22:54] <wrbtrader> Tigerman...here's some crazy info about volatilithy like that
[10:23:14] <wrbtrader> We get 1 - 2 months per year like that...consistently
[10:23:50] <wrbtrader> If we only trade those 1 - 2 months when they show up and NOT trade the other months of the year...
[10:24:19] <wrbtrader> We'll have a big profitable year while being lazy asses (doing nothing...no trading) the other months of the year
[10:24:49] <Tigerman______> yeah problem we don t know when that occurs
[10:24:58] <wrbtrader> Actually...we do
[10:25:13] <wrbtrader> We know via the 1st weak of high volatility
[10:25:31] <wrbtrader> High probability it will continue to the remainder of the month
[10:25:59] <wrbtrader> Then wait for the next month of high volatility for a minimum of one week...
[10:26:12] <wrbtrader> High probability it will continue for the remainder of that month
[10:26:31] <wrbtrader> You now have your 1 - 2 months per year and can then NOT trade the remainder of the year
[10:26:34] <Tigerman______> yeah it can be a good proxy
[10:26:50] <Tigerman______> I see 2 issue in this
[10:26:56] <wrbtrader> I've only met a few people that trade like that
[10:27:07] <wrbtrader> Its hard psychological
[10:27:18] <Tigerman______> 1- you have to be here in trading to see that vola first week
[10:27:26] <wrbtrader> Exactly
[10:28:01] <Tigerman______> not easy if you are in holiday or on a mental relax period
[10:28:08] <wrbtrader> Current, volatility spike dropped prices down to a key support level
[10:28:19] <wrbtrader> in Emini ES
[10:28:25] <wrbtrader> while NQ is below it
[10:28:55] <Tigerman______> 2 - yeah is hard to do because after a year not trading you are almost completly disconnected from market
[10:28:55] <wrbtrader> Shorts Emini ES @ 3502.25 -> large size
[10:29:01] <wrbtrader> 10 contracts
[10:29:31] <wrbtrader> Covered all Emini ES Short @ 3502.50 --> - 0.25
[10:29:47] <wrbtrader> Shorts Emini ES @ 3502.75 -> large size
[10:29:55] <wrbtrader> 10 contracts re-entry
[10:30:37] <wrbtrader> Covered all Emini ES Short @ 3501.50 --> + 1.25
[10:30:59] <wrbtrader> Its fighting hard a few ticks below the S area
[10:32:00] <wrbtrader> Shorts Emini ES @ 3501.25 -> large size
[10:32:12] <wrbtrader> 10 contracts
[10:35:18] <wrbtrader> Covered all Emini ES Short @ 3499.75 --> + 1.5
[10:35:25] <wrbtrader> trail stop picked
[10:36:00] <wrbtrader> also picked in the prior two trades
[10:41:34] <Tigerman______> ok finish x today
[10:41:44] <Tigerman______> take care all see next time
[10:42:44] <werner1> buy tg
[10:45:45] <wrbtrader> Bye tigerman
[11:12:50] <wrbtrader> Shorts Emini ES @ 3507.25 -> large size
[11:12:57] <wrbtrader> 10 contracts
[11:13:14] <wrbtrader> early entry
[11:14:15] <wrbtrader> :(
[11:14:53] <wrbtrader> Covered all Emini ES Short @ 3506.50 --> + 0.75
[11:15:03] <wrbtrader> trail stop picked
[13:00:44] <wrbtrader> Ok...back from a long lunch
[13:10:19] <asuni> I just finished to whitewash one room at home. i'm completely. i look like a leopard...
[13:10:30] <asuni> wrbtrader, i wrote in private room
[13:54:48] <wrbtrader> Long Emini ES @ 3482.00 -> small size
[13:54:54] <wrbtrader> 3 contracts
[14:00:43] <asuni> spike is arriving imho
[14:01:20] <wrbtrader> Exited all Emini ES Long @ 3482.25 --> + 0.25
[14:01:36] <wrbtrader> trail stop picked :( :(
[14:02:06] <wrbtrader> It stalled...then volatility showed up...it moved higher and then suddenly roll over southward
[14:02:30] <wrbtrader> Long Emini ES @ 3482.50 -> large size
[14:02:40] <wrbtrader> 10 contracts re-entry
[14:03:00] <asuni> new high and new low in mini congestion. normally now the breakout is real, up or down
[14:03:40] <wrbtrader> Exited all Emini ES Long @ 3482.00 --> - 0.5
[14:04:04] <wrbtrader> Long Emini ES @ 3481.50 -> large size
[14:04:08] <wrbtrader> 10 contracts re-entry
[14:04:31] <asuni> 3480.5 or 3484, now we'll see
[14:06:01] <wrbtrader> small WRB pt1 reached
[14:07:01] <wrbtrader> Exited all Emini ES Long @ 3486.00 --> + 4.5
[14:07:03] <asuni> 2 points
[14:07:18] <asuni> great entry wrbtrader
[14:08:30] <wrbtrader> The first entry into that price action we talked about in private message...
[14:08:54] <wrbtrader> I was late to get in and the poor entry then resulted as a -0.5 point loss
[14:09:10] <asuni> i took another long before, 3478,50 - 3481
[14:09:27] <wrbtrader> The re-entry was much better although I wanted it @ 3481.00
[14:11:45] <asuni> my first trade was in hammer in ES with lower low while NQ didnt' do the new low. A mini mini mini divergence. at 13.47
[14:23:01] <asuni> done for the day. Take care, cu u tomorrow
[14:34:46] <wrbtrader> Ok...bye
[14:46:42] <wrbtrader> Long Emini ES @ 3477.75 -> small size
[14:46:53] <wrbtrader> 3 contracts
[14:49:28] <wrbtrader> Exited all Emini ES Long @ 3479.50 --> + 1.75
[14:49:42] <wrbtrader> small WRB pt1 reached
[15:56:40] <wrbtrader> Take care all and see all tomorrow
Session Close

Bloomberg Markets: The Close' Full Show (10/14/2020) @ https://www.bloomberg.com/news/videos/2020-10-14/-bloomberg-markets-the-close-full-show-10-14-2020-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.

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

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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
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