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 Post subject: October 15th Thurs - #futures #forex #stocks #trading
 Post Posted: Thu Oct 15, 2020 11:59 am 
Trader / Forum Admin

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 (10/15/2020) @ https://www.bloomberg.com/news/videos/2020-10-15/-bloomberg-the-open-full-show-10-15-2020-video

[09:30:47] * Now talking in ##TheStrategyLab
[09:30:48] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:34:02] <Tigerman______> gm all
[09:34:20] <asuni> gm tigerman, gm wrbtrader
[09:34:42] <Tigerman______> hi
[09:35:04] <Tigerman______> interesting start ES pushed down the reversed
[09:35:47] <Tigerman______> my first short was in good gain ...the loss on my remainders :(
[09:35:55] <Tigerman______> very fast snapback up
[09:36:04] <Tigerman______> good I re-enter with a long
[09:37:17] <wrbtrader> Tigerman...you implying you had a profit on your first contracts and then took a loss on your remaining contracts ???
[09:38:14] <Tigerman______> yeah ... many time end that way :(
[09:38:39] <Tigerman______> usually when price reverse fast
[09:39:39] <wrbtrader> If its volatile...not a good time to be scaling out
[09:39:58] <wrbtrader> Scaling out requires a lot of management...tough to do in fast moving markets
[09:41:19] <wrbtrader> Shorts Emini ES @ 3443.25 -> large size
[09:41:25] <wrbtrader> 10 contracts
[09:41:29] <Tigerman______> yeah agreed.. I can handle that as mental side ... too slow on moving my stop on Dome
[09:41:44] <wrbtrader> Covered all Emini ES Short @ 3444.75 --> - 1.5
[09:42:06] <wrbtrader> Shorts Emini ES @ 3445.50 -> large size
[09:42:18] <wrbtrader> 10 contracts re-entry
[09:42:28] <wrbtrader> early entry
[09:44:04] <wrbtrader> Covered Emini ES Short @ 3446.00 --> - 0.5
[09:44:04] <wrbtrader> Reverse and Enter Long Emini ES @ 3446.00
[09:44:25] <wrbtrader> short squeeze
[09:46:28] <wrbtrader> Exited all Emini ES Long @ 3449.25 --> + 3.25
[09:46:36] <wrbtrader> early exit
[09:46:43] <wrbtrader> not a WRB pt1
[09:47:16] <Tigerman______> lot of zig zag action
[09:47:30] <Tigerman______> in contrast fDAX is better
[09:47:45] <Tigerman______> I mean this morning more directional
[09:48:16] <Tigerman______> just brutal in run faster or with you or against..
[09:48:38] <Tigerman______> I cant imagine trading DAX without stops :)
[09:48:58] <Tigerman______> honestly any instruments is crazy without stops :)
[09:50:27] <Tigerman______> clearly ES try to run up today s Gap
[09:53:57] <wrbtrader> now its reached a WRB pt1 @ 3453.25
[09:54:15] <wrbtrader> That's 4 points higher than my "early exit"
[09:54:50] <wrbtrader> Its something I need to fix and I'm keeping good statistics about my "early entries" and "early exits"
[09:54:54] <Tigerman______> yeah that is frustrating ... it cause me sometimes try re-enter to not miss the train ...
[09:55:07] <Tigerman______> many times reverse against me
[09:55:31] <Tigerman______> so now I usually try hard not care and wait next oportunity
[09:55:33] <wrbtrader> By end of year, I"m going to sit down and go over the numbers very carefully over the Christmas holidays
[09:56:03] <Tigerman______> di ya mean doing more stats wrbtrader?
[09:56:09] <wrbtrader> Yep
[09:56:48] <wrbtrader> Right now...my early exits are resulting in me leaving about +8.50 points per week on the table
[09:57:22] <wrbtrader> That's +34 points per month of missing profits
[09:57:33] <Tigerman______> I usually exit with a partial.. then I trail near entry
[09:58:05] <Tigerman______> problems is... like today it needs to be Very fast in adjust my trail
[09:58:55] <Tigerman______> usually it reverse against me fast after my first exit ( not a pt1)
[09:59:31] <Tigerman______> honestly most of my exit are Not wrb pt1 because I use to trade fast so a scalp
[09:59:49] <Tigerman______> I m now tired of this style to stressfull
[10:00:05] <Tigerman______> also I leaving lot of points on table
[10:00:27] <Tigerman______> I have to be more relaxed and try hard to wait for a pt1
[10:01:38] <Tigerman______> today lot of talking on EU summit about brexit
[10:01:59] <Tigerman______> it is a neverendingstory
[10:09:30] <wrbtrader> Shorts Emini ES @ 3451.00 -> large size
[10:09:33] <wrbtrader> 10 contracts
[10:14:15] <wrbtrader> Covered all Emini ES Short @ 3450.75 --> + 0.25
[10:14:24] <wrbtrader> trail stop picked
[10:14:40] <wrbtrader> Shorts Emini ES @ 3450.25 -> large size
[10:14:50] <wrbtrader> 10 contracts re-entry
[10:15:21] <wrbtrader> WRB pt1 reached
[10:15:40] <wrbtrader> Covered all Emini ES Short @ 3446.75 --> + 3.5
[10:52:52] <wrbtrader> Long Emini ES @ 3446.00 -> small size
[10:53:01] <wrbtrader> 3 contracts
[10:53:33] <wrbtrader> Exited all Emini ES Long @ 3444.25 --> - 1.75
[10:53:44] <wrbtrader> fast movement against me
[10:53:52] <wrbtrader> didn't see that coming :(
[10:54:43] <wrbtrader> hopefully this will snapback Up
[10:57:13] <wrbtrader> Long Emini ES @ 3444.50 -> small size
[10:57:31] <wrbtrader> 3 contracts re-entry
[10:57:48] <wrbtrader> snapback Up
[10:59:50] <wrbtrader> volatility now drying up
[11:01:18] <wrbtrader> Exited all Emini ES Long @ 3448.00 --> + 3.5
[11:01:33] <wrbtrader> WRB pt1 reached but its bouncing around
[11:03:33] <Tigerman______> sh mES 3443
[11:04:27] <Tigerman______> exit all @ 3442.50
[11:04:31] <Tigerman______> trail hit
[11:04:47] <Tigerman______> just 1 pz on 2nd platform
[11:05:12] <Tigerman______> simply I no trading more size to preserve daily profit
[11:22:51] <Tigerman______> lg mES 3459.5
[11:24:40] <Tigerman______> exit all @ 3459.5 +0
[11:43:04] <Tigerman______> ok finish x today
[11:43:44] <Tigerman______> take care all see all next time
[11:57:26] * Now talking in ##TheStrategyLab
[13:05:00] <wrbtrader> Shorts Emini ES @ 3458.75 -> small size
[13:05:07] <wrbtrader> 2 contracts
[13:05:29] <wrbtrader> Covered all Emini ES Short @ 3460.00 --> - 1.25
[13:06:03] <wrbtrader> Shorts Emini ES @ 3459.75 -> small size
[13:06:05] <wrbtrader> 2 contracts re-entry
[13:09:26] <wrbtrader> too much contraction in the volatility right now
[13:09:37] <wrbtrader> Covered all Emini ES Short @ 3459.50 --> + 0.25
[13:09:52] <wrbtrader> may be able to get a better entry
[14:22:29] <wrbtrader> 10 points higher and still waiting :(
[14:23:22] <wrbtrader> mistake was that I ignore a Long signal @ 3467
[14:23:43] <wrbtrader> Shorts Emini ES @ 3468.75 -> large size
[14:23:52] <wrbtrader> 10 contracts
[14:27:52] <wrbtrader> Covered all Emini ES Short @ 3468.50 --> + 0.25
[14:28:15] <wrbtrader> bailed on the trade
[14:29:07] <wrbtrader> Shorts Emini ES @ 3468.50 -> large size
[14:29:15] <wrbtrader> 10 contracts
[14:29:18] <wrbtrader> geeesh :(
[14:29:53] <wrbtrader> need to be careful for a Short Squeeze
[14:30:58] <wrbtrader> Covered Emini ES Short @ 3469.00 --> - 0.5
[14:30:58] <wrbtrader> Reverse and Enter Long Emini ES @ 3469.00
[14:35:36] <wrbtrader> Exited all Emini ES Long @ 3469.25 --> + 0.25
[14:35:59] <wrbtrader> Shorts Emini ES @ 3468.00 -> large size
[14:36:07] <wrbtrader> 10 contracts
[14:36:22] <wrbtrader> price area here is tough
[14:36:31] <wrbtrader> as in range bound
[14:38:18] <wrbtrader> now below the S area of that rangebound price action
[14:39:56] <wrbtrader> Covered all Emini ES Short @ 3466.00 --> + 2
[14:40:03] <wrbtrader> trail stop picked
[14:44:01] <wrbtrader> Shorts Emini ES @ 3466.00 -> large size
[14:44:04] <wrbtrader> 10 contracts
[14:44:13] <wrbtrader> re-entry
[14:46:07] <wrbtrader> keeps snapping back :(
[14:47:27] <wrbtrader> Emini NQ needs to break the low of its most recent Long Lower Shadow interval
[14:48:29] <wrbtrader> it just did :)
[14:50:10] <wrbtrader> Covered all Emini ES Short @ 3464.75 --> + 1.25
[14:50:22] <wrbtrader> trail stop picked
[14:58:29] <wrbtrader> Long Emini ES @ 3468.50 -> large size
[14:58:39] <wrbtrader> 10 contracts
[14:58:49] <wrbtrader> poor entry
[15:00:42] <wrbtrader> small WRB pt1 reached
[15:01:05] <wrbtrader> Exited all Emini ES Long @ 3470.00 --> + 1.5
[15:56:07] <@wrbtrader> Shorts Emini ES @ 3473.75 -> small size
[15:56:19] <@wrbtrader> 3 contracts
[15:58:48] <@wrbtrader> Covered all Emini ES Short @ 3473.75 --> 0
[15:58:52] <@wrbtrader> :(
[15:58:59] <@wrbtrader> trail stop picked
[15:59:18] <@wrbtrader> Take care all and see all tomorrow
Session Close

Bloomberg Markets: The Close' Full Show (10/15/2020) @ https://www.bloomberg.com/news/videos/2020-10-15/-bloomberg-markets-the-close-full-show-10-15-2020-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

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 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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