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 Post subject: October 21st Weds - #futures #forex #stocks #trading
 Post Posted: Wed Oct 21, 2020 11:50 am 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2981
Location: Canada
102120-TheStrategyLab-Chat-Room-Key-Markets.png [ 5.63 MiB | Viewed 4 times ]

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

Bloomberg Markets: The Open Full Show (10/21/2020) @ https://www.bloomberg.com/news/videos/2020-10-21/-bloomberg-the-open-full-show-10-21-2020-video

[09:56:46] <Tigerman______> Tigerman gm all
[09:56:46] <asuni> ... hi
[09:57:03] <Tigerman______> Tigerman I m just busy in this up move
[10:05:02] * Now talking in ##TheStrategyLab
[10:05:17] <Tigerman______> choopy action
[10:08:36] <Tigerman______> crazy algos now
[10:08:46] <Tigerman______> difficult action
[10:08:59] <Tigerman______> I need a better action to put size and close the day
[10:09:19] <Tigerman______> also commissions impact my trade todat
[10:09:25] <Tigerman______> today
[10:12:06] <Tigerman______> we have now a resist area from overnight action
[10:12:18] <Tigerman______> let see what happen here
[10:13:03] <Tigerman______> VIX declining since open
[10:22:28] <Tigerman______> ES contracting in last 20min
[10:22:36] <Tigerman______> we need a spike her
[10:22:40] <Tigerman______> here
[10:24:01] <Tigerman______> seems a nice long above 3456 ES
[10:24:18] <Tigerman______> simply we r stuck here a this resistence
[10:27:00] <Tigerman______> over 30 min of nasty congestion :(
[10:27:19] <Tigerman______> I did lot of trade inside this mud :(
[10:27:23] <Tigerman______> all long
[10:27:45] <Tigerman______> simply price doesn listen to continue up
[10:28:54] <wrbtrader> Tigerman you able to recognize the price action as crappy (mud) prior to trading it or only after mamy trades in it ?
[10:30:11] <Tigerman______> after some trades
[10:30:27] <Tigerman______> because at start I dont know how it can develop
[10:30:48] <Tigerman______> issue is ... those trades give me aloss
[10:31:15] <asuni> short es 350.75
[10:31:31] <asuni> +2
[10:33:09] <asuni> 3450.75
[10:40:38] <Tigerman______> lot of tail everywhere :(
[10:40:55] <Tigerman______> market is confuded
[10:41:00] <Tigerman______> confused
[10:41:12] <Tigerman______> any move is soon retraced
[10:41:25] <Tigerman______> I m barely able to move the trail
[10:41:28] <wrbtrader> As we get closer to November 3rd (elections)...this type of confusing price action becomes the norm
[10:42:09] <Tigerman______> ah ok I expecting more volatility... in contrast seems opposite :(
[10:42:38] <wrbtrader> I know a few traders that's traded through a few elections...they now go on vacation a few weeks prior to the elections...
[10:43:06] <wrbtrader> Thus, they're on vacation now although its a sucky vacation because of the Pandemic restrictions
[10:44:03] <Tigerman______> yeah there are good places almost virus free.... problem is reach them
[10:44:21] <Tigerman______> we need private jet or boat
[10:44:59] <Tigerman______> also they put you in observation... before entering the country
[10:45:20] <Tigerman______> unless you heading to a desert island
[10:46:12] <Tigerman______> this pandemic is every day worst
[10:46:32] <Tigerman______> wrbtrader... how is the situation there ... near you?
[10:48:10] <wrbtrader> Bad but not as bad as the media makes it as
[10:49:20] <wrbtrader> We have a lot of bad characters here (bars, restaurants, cafes, large family gatherings, parties) causing the major problems...
[10:49:49] <wrbtrader> They want to have a good time NOW and not care about the consequences
[10:50:49] <wrbtrader> Worst, many of the violators view the "contract tracking" as a way the government will track them down and prevent health care coverage when they become really sick
[10:51:08] <wrbtrader> Simply, a lot of Paranoia too
[10:51:49] <wrbtrader> Every person I personally know that are complaining about the restrictions...
[10:51:58] <wrbtrader> They are mad because they can not party
[10:52:04] <Tigerman______> in Europe many countries re-started lockdown
[10:52:05] <wrbtrader> Its really crazy
[10:53:07] <wrbtrader> I didn't realize so many people are willing to get very sick or die just to have a good time or give the infection to someone else for a good time...
[10:53:13] <wrbtrader> That's the scary aspect
[10:54:46] <wrbtrader> Good thing...more people are recoverying because hospitals are better prepared
[10:55:16] <Tigerman______> wrbtrader... reality is ... most people are selfish
[10:55:32] <Tigerman______> plus pretty ignorant about anything
[10:56:01] <wrbtrader> Bingo...selfish and ignorant...deadly for a Pandemic
[10:56:37] <Tigerman______> yeah no basic knowledge of virus or anything related to health
[10:57:31] <Tigerman______> simply they are used to be fat like crazy x example and go to hospital when they are above 400 pounds :(
[10:57:48] <Tigerman______> instead eating right
[10:58:07] <Tigerman______> problem is... bad habits in pandemic involve the Others
[10:58:34] <Tigerman______> also who behaves right
[10:59:21] <Tigerman______> situation now is dangerous because more hospitals are full and few bed left!!!
[10:59:57] <Tigerman______> one of the best country is Germany .. lot of ICU vs others
[11:00:21] <Tigerman______> wrbtrader I read north dakota is short of bed right now
[11:00:44] <Tigerman______> cases rising and hospitals full
[11:01:22] <Tigerman______> all countries understimated cases rising after a better summer
[11:18:22] <Tigerman______> at the end market roll over south after hit many times the resistence wall I talked a lot before
[11:19:30] <Tigerman______> good it veveloped and help me recup loss occured inside that muddy action .. after a nice start in which I gained some profit
[11:39:23] <wrbtrader> Long Emini ES @ 3437.50 -> large size
[11:39:26] <wrbtrader> 10 contracts
[11:40:34] <wrbtrader> Exited all Emini ES Long @ 3439.50 --> + 2
[11:40:49] <wrbtrader> WRB pt1 reached
[12:05:39] <Tigerman______> take care all see next time
[12:21:25] <wrbtrader> huge volatility spike
[12:21:43] <wrbtrader> Long Emini ES @ 3445.75 -> large size
[12:21:51] <wrbtrader> 10 contracts
[12:22:32] <wrbtrader> Exited all Emini ES Long @ 3450.25 --> + 4.5
[12:22:49] <wrbtrader> chasing but got away with it again
[12:23:16] <wrbtrader> Spike moved too fast for me @ 3440
[12:23:37] <wrbtrader> when I realized it had steam to go higher
[12:27:40] <wrbtrader> Shorts Emini ES @ 3439.75 -> large size
[12:27:49] <wrbtrader> 10 contracts
[12:28:35] <wrbtrader> Covered all Emini ES Short @ 3439.75 --> 0
[12:28:58] <wrbtrader> Shorts Emini ES @ 3440.50 -> large size
[12:29:11] <wrbtrader> 10 contracts re-entry
[12:30:04] <wrbtrader> Covered all Emini ES Short @ 3439.50 --> + 1
[12:30:50] <wrbtrader> Shorts Emini ES @ 3439.00 -> large size
[12:31:05] <wrbtrader> 10 contracts re-entry intuition
[12:31:35] <wrbtrader> Covered all Emini ES Short @ 3438.75 --> + 0.25
[12:31:57] <wrbtrader> Shorts Emini ES @ 3438.25 -> large size
[12:32:07] <wrbtrader> 10 contracts re-entry
[12:35:23] <wrbtrader> Covered all Emini ES Short @ 3428.00 --> + 10.25
[12:35:36] <wrbtrader> WRB pt1 reached
[12:36:56] <wrbtrader> Not sure if it was the Pelosi (Stimulus Deal) Optimism that caused the price to shoot up and then retrace
[13:04:59] <wrbtrader> Long Emini ES @ 3431.00 -> large size
[13:05:05] <wrbtrader> 10 contracts
[13:05:39] <wrbtrader> Exited all Emini ES Long @ 3432.00 --> + 1
[13:05:56] <wrbtrader> Long Emini ES @ 3433.00 -> large size
[13:06:08] <wrbtrader> 10 contracts re-entry
[13:06:21] <wrbtrader> trail picked in prior Long
[13:07:49] <wrbtrader> Exited all Emini ES Long @ 3432.25 --> - 0.75
[13:11:16] <wrbtrader> Long Emini ES @ 3432.00 -> large size
[13:11:28] <wrbtrader> 10 contracts
[13:14:27] <wrbtrader> Exited all Emini ES Long @ 3433.25 --> + 1.25
[13:15:23] <wrbtrader> That should have moved higher by more points but the volatility got yanked
[13:24:40] <wrbtrader> Long Emini ES @ 3436.00 -> large size
[13:24:49] <wrbtrader> 10 contracts
[13:27:42] <wrbtrader> Exited all Emini ES Long @ 3435.25 --> - 0.75
[13:29:09] <wrbtrader> Long Emini ES @ 3436.50 -> large size
[13:29:19] <wrbtrader> 10 contracts re-entry
[13:29:23] <wrbtrader> getting jumpy
[13:29:35] <wrbtrader> Usually a prelude to a pending volatility spike
[13:32:12] <wrbtrader> Exited all Emini ES Long @ 3437.25 --> + 0.75
[13:32:38] <wrbtrader> Had a WRB pt1 but it retraced quickly when volatility dried up
[13:33:06] <wrbtrader> Long Emini ES @ 3437.00 -> large size
[13:33:20] <wrbtrader> 10 contracts re-entry
[13:36:51] <wrbtrader> Exited all Emini ES Long @ 3437.50 --> + 0.5
[13:37:14] <wrbtrader> contraction contraction and more contraction in the volatility
[13:50:30] <wrbtrader> Long Emini ES @ 3438.50 -> large size
[13:50:38] <wrbtrader> 10 contracts
[13:50:46] <wrbtrader> volatility showing up
[13:50:56] <wrbtrader> hopefully it will push it higher
[13:51:59] <wrbtrader> Exited all Emini ES Long @ 3440.25 --> + 1.75
[13:52:14] <wrbtrader> WRB pt1 reached but not able to grab it...retracing now
[13:56:45] <wrbtrader> back inside that range of contraction volatility
[13:57:45] <wrbtrader> Shorts Emini ES @ 3436.00 -> small size
[13:57:49] <wrbtrader> 2 contracts
[14:20:36] <wrbtrader> Covered all Emini ES Short @ 3440.00 --> - 4
[14:36:08] <wrbtrader> Long Emini ES @ 3446.50 -> large size
[14:36:13] <wrbtrader> 10 contracts
[14:36:29] <wrbtrader> trying hard to Short Squeeze
[14:36:57] <wrbtrader> Exited all Emini ES Long @ 3445.50 --> - 1
[14:38:17] <wrbtrader> Shorts Emini ES @ 3445.50 -> large size
[14:38:26] <wrbtrader> 10 contracts
[14:40:24] <wrbtrader> Covered all Emini ES Short @ 3445.50 --> 0
[14:41:00] <wrbtrader> Long Emini ES @ 3445.75 -> large size
[14:41:43] <wrbtrader> Squeeze can not pick up steam :(
[14:43:15] <wrbtrader> Exited all Emini ES Long @ 3448.00 --> + 2.25
[14:43:18] <wrbtrader> WRB pt1 reached
[14:49:00] <wrbtrader> Long Emini ES @ 3447.25 -> small size
[14:49:06] <wrbtrader> 2 contracts
[15:08:43] <wrbtrader> Exited all Emini ES Long @ 3443.25 --> - 4
[15:17:20] <wrbtrader> Shorts Emini ES @ 3440.00 -> large size
[15:17:27] <wrbtrader> 10 contracts
[15:19:12] <wrbtrader> Covered all Emini ES Short @ 3439.75 --> + 0.25
[15:22:54] <wrbtrader> Long Emini ES @ 3444.00 -> large size
[15:22:58] <wrbtrader> 10 contracts
[15:25:27] <wrbtrader> Exited all Emini ES Long @ 3446.25 --> + 2.25
[15:34:41] <wrbtrader> Shorts Emini ES @ 3441.00 -> large size
[15:34:49] <wrbtrader> 10 contracts
[15:35:03] <wrbtrader> Covered all Emini ES Short @ 3441.00 --> 0
[15:35:39] <wrbtrader> Shorts Emini ES @ 3443.00 -> large size
[15:35:45] <wrbtrader> 10 contracts re-entry
[15:36:27] <wrbtrader> Covered all Emini ES Short @ 3442.25 --> + 0.75
[15:36:56] <wrbtrader> Shorts Emini ES @ 3442.25 -> large size
[15:37:07] <wrbtrader> 10 contracts intuition
[15:38:22] <wrbtrader> Covered all Emini ES Short @ 3439.75 --> + 2.5
[15:41:36] <wrbtrader> Shorts Emini ES @ 3439.00 -> large size
[15:41:51] <wrbtrader> 10 contracts intuition
[16:00:07] <wrbtrader> Covered all Emini ES Short @ 3427.75 --> + 11.25
[16:00:28] <wrbtrader> WRB pt2 reached
[16:00:56] <wrbtrader> Take care all and see you tomorrow
Session Close

Bloomberg Markets: The Close' Full Show (10/21/2020) @ https://www.bloomberg.com/news/videos/2020-10-21/-bloomberg-markets-the-close-full-show-10-21-2020-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
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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