##TheStrategyLab Price Action Chat Room Logs

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

Bloomberg Markets: The Open Full Show (10/23/2020) @ https://www.bloomberg.com/news/videos/2020-10-23/-bloomberg-the-open-full-show-10-23-2020-video

[09:33:12] * Now talking in ##TheStrategyLab
[09:40:27] <wrbtrader> Shorts Emini ES @ 3453.00 -> large size
[09:40:46] <wrbtrader> 10 contracts poor entry
[09:41:12] <wrbtrader> Covered all Emini ES Short @ 3453.75 --> - 0.75
[09:41:39] <wrbtrader> Shorts Emini ES @ 3454.50 -> large size
[09:41:53] <wrbtrader> 10 contracts re-entry
[09:43:56] <wrbtrader> Covered all Emini ES Short @ 3453.00 --> + 1.5
[09:45:09] <wrbtrader> Long Lower Shadow intervals
[09:45:46] <wrbtrader> Shorts Emini ES @ 3452.00 -> large size
[09:45:56] <wrbtrader> 10 contracts
[09:46:34] <wrbtrader> Covered all Emini ES Short @ 3452.25 --> - 0.25
[09:46:55] <wrbtrader> Long Emini ES @ 3453.25 -> large size
[09:47:00] <wrbtrader> 10 contracts
[09:48:15] <wrbtrader> Exited all Emini ES Long @ 3454.25 --> + 1
[09:48:29] <wrbtrader> not a WRB pt1
[09:48:32] <wrbtrader> early exit
[09:49:49] <wrbtrader> good area for a snapback to show up
[09:51:01] <Tigerman______> all
[09:51:29] <wrbtrader> Long Emini ES @ 3450.75 -> large size
[09:51:32] <wrbtrader> 10 contracts re-entry
[09:53:31] <wrbtrader> Exited all Emini ES Long @ 3451.75 --> + 1
[09:53:50] <wrbtrader> trail stop picked
[09:54:32] <wrbtrader> Long Emini ES @ 3452.00 -> large size
[09:54:38] <wrbtrader> 10 contracts re-entry
[09:54:45] <Tigerman______> market is trapped between a continuetion of the sell off or rebound
[09:55:40] <wrbtrader> Exited all Emini ES Long @ 3456.00 --> + 4
[09:55:52] <wrbtrader> WRB pt1 reached
[10:18:30] <Tigerman______> very noizy action
[10:20:34] <wrbtrader> Long Emini ES @ 3449.50 -> large size
[10:20:45] <wrbtrader> 10 contracts intuition
[10:21:37] <wrbtrader> Exited all Emini ES Long @ 3448.50 --> - 1
[10:22:11] <wrbtrader> Long Emini ES @ 3449.50 -> large size
[10:22:14] <wrbtrader> 10 contracts re-entry
[10:22:31] <wrbtrader> I know I'm within a contracting price action
[10:22:44] <wrbtrader> should have lowered my position size
[10:23:08] <wrbtrader> Exited all Emini ES Long @ 3448.50 --> - 1
[10:23:32] <wrbtrader> need to wait for a breakout of the contraction
[10:23:52] <wrbtrader> Shorts Emini ES @ 3445.50 -> large size
[10:23:59] <wrbtrader> 10 contracts
[10:24:52] <wrbtrader> Covered all Emini ES Short @ 3447.25 --> - 1.75
[10:25:09] <wrbtrader> back inside the contraction area
[10:27:05] <wrbtrader> Long Emini ES @ 3449.00 -> small size
[10:27:12] <wrbtrader> 3 contracts
[10:28:21] <wrbtrader> Exited all Emini ES Long @ 3451.00 --> + 2
[10:28:29] <wrbtrader> small WRB pt1 reached
[10:31:54] <wrbtrader> Long Emini ES @ 3450.75 -> small size
[10:31:57] <wrbtrader> 3 contracts
[10:32:56] <wrbtrader> Exited all Emini ES Long @ 3451.75 --> + 1
[10:33:06] <wrbtrader> not a WRB pt1 reached
[10:33:09] <wrbtrader> early exit
[10:33:13] <wrbtrader> be right back
[10:48:02] <Tigerman______> bad action now
[10:48:08] <Tigerman______> I ll call quit soon
[10:48:38] <Tigerman______> this action is just good to lose money and feed broker
[10:58:52] <wrbtrader> Long Emini ES @ 3448.00 -> large size
[10:58:58] <wrbtrader> 10 contracts
[11:00:01] <asuni> ym not helping
[11:00:35] <wrbtrader> just realized too late...volatility is screwed up
[11:01:23] <wrbtrader> Exited all Emini ES Long @ 3449.25 --> + 1.25
[11:01:31] <wrbtrader> small WRB pt1 reached
[11:01:34] <wrbtrader> lucky exit
[11:01:58] <Tigerman______> simply it is a terrible price action
[11:02:11] <wrbtrader> Not sure now about this price action...weird volatility
[11:02:21] <Tigerman______> too much algos at work
[11:02:42] <wrbtrader> looks like a lucky trade for me and got out just in time
[11:02:50] <Tigerman______> sure
[11:03:28] <wrbtrader> I see a ton of long shadow intervals on contracting intervals...not a good sign
[11:03:45] <wrbtrader> Overtrading crap in junk price action
[11:04:13] <wrbtrader> Probably post debate market reaction
[11:05:53] <Tigerman______> not easy market
[11:06:03] <Tigerman______> it never be to be right
[11:06:17] <Tigerman______> just today conditions are terrible
[11:06:33] <Tigerman______> know that via lot of trades
[11:07:10] <Tigerman______> fDax is better .. just low liquidity
[11:13:21] <Tigerman______> ok take care all see next t week
[11:32:37] <wrbtrader> Long Emini ES @ 3445.25 -> large size
[11:32:43] <wrbtrader> 10 contracts
[11:37:05] <wrbtrader> Exited Emini ES Long @ 3444.50 --> - 0.75
[11:37:05] <wrbtrader> Reverse and Enter Short Emini ES @ 3444.50
[11:37:59] <wrbtrader> tough price action...again
[11:39:26] <wrbtrader> Covered all Emini ES Short @ 3443.50 --> + 1
[11:40:04] <wrbtrader> Shorts Emini ES @ 3443.25 -> large size
[11:40:12] <wrbtrader> 10 contracts
[11:40:43] <wrbtrader> pressure is downward but its hard not to make a recent reaction low
[11:41:38] <wrbtrader> Covered all Emini ES Short @ 3444.50 --> - 1.25
[11:42:11] <wrbtrader> Long Emini ES @ 3444.50 -> large size
[11:42:18] <wrbtrader> 10 contracts
[11:42:52] <wrbtrader> only 1 tick difference from the initial Long position into this price area
[11:46:18] <wrbtrader> Exited Emini ES Long @ 3441.00 --> - 3.5
[11:46:18] <wrbtrader> Reverse and Enter Short Emini ES @ 3441.00
[11:47:32] <wrbtrader> reversed on the support breakdown in the contraction
[11:50:53] <wrbtrader> Covered all Emini ES Short @ 3438.00 --> + 3
[11:51:15] <wrbtrader> WRB pt1 reached
[11:51:45] <wrbtrader> Should have tighten that trail stop on the losing long position...got lazy and paid the price
[11:52:47] <wrbtrader> Shorts Emini ES @ 3437.50 -> large size
[11:53:00] <wrbtrader> 10 contracts intuition
[11:53:57] <wrbtrader> Covered all Emini ES Short @ 3438.50 --> - 1
[11:57:49] <wrbtrader> Long Emini ES @ 3441.00 -> large size
[11:57:54] <wrbtrader> 10 contracts
[11:58:13] <wrbtrader> back to that prior S area
[11:58:52] <wrbtrader> Exited all Emini ES Long @ 3441.25 --> + 0.25
[11:59:00] <wrbtrader>
[11:59:08] <wrbtrader> had to bail on that Long position
[11:59:14] <wrbtrader> early exit
[11:59:20] <wrbtrader> be right back
[12:17:15] <asuni> 10 points volatility spike
[12:36:11] <wrbtrader> Long Emini ES @ 3438.00 -> large size
[12:36:13] <wrbtrader> 10 contracts
[12:37:43] <wrbtrader> Exited all Emini ES Long @ 3437.75 --> - 0.25
[12:38:04] <wrbtrader> Long Emini ES @ 3438.25 -> large size
[12:38:21] <wrbtrader> 10 contracts re-entry after the trail stop error
[12:40:30] <wrbtrader> Exited all Emini ES Long @ 3438.00 --> - 0.25
[12:40:44] <wrbtrader> punks
[12:41:02] <wrbtrader> Long Emini ES @ 3438.75 -> large size
[12:41:11] <wrbtrader> 10 contracts re-entry
[12:41:47] <wrbtrader> Back above the S area of the most recent big Down WRB Hidden GAP interval
[12:42:23] <wrbtrader> tried Long positions when it reached that S area...not doing well so far in this area
[12:45:43] <wrbtrader> Exited all Emini ES Long @ 3440.00 --> + 1.25
[12:45:59] <wrbtrader> WRB pt1 reached
[12:46:19] <wrbtrader> big fight in this price area
[13:44:03] <wrbtrader> testing the contraction S area
[13:45:30] <wrbtrader> If it snaps Up...I'll chase it. If it falls below the S area...I'll chase it
[13:46:08] <wrbtrader> Shorts Emini ES @ 3443.75 -> large size
[13:46:16] <wrbtrader> 10 contracts
[13:49:18] <wrbtrader> Covered all Emini ES Short @ 3443.75 --> 0
[13:50:23] <wrbtrader> Long Emini ES @ 3444.75 -> large size
[13:50:26] <wrbtrader> very little volatility
[13:50:32] <wrbtrader> 10 contracts
[13:55:51] <wrbtrader> trail tighten
[13:55:57] <wrbtrader> too much contraction now
[13:56:09] <wrbtrader> I'm now expecting a volatility spike here soon
[13:56:32] <wrbtrader> small WRB pt1 reached
[13:56:41] <wrbtrader> Exited all Emini ES Long @ 3446.25 --> + 1.5
[14:16:54] <wrbtrader> Long Emini ES @ 3448.00 -> large size
[14:16:56] <wrbtrader> 10 contracts
[14:17:03] <wrbtrader> Short Squeeze
[14:17:07] <wrbtrader> sneaky too
[14:18:02] <wrbtrader> needs to take out that recent reaction high
[14:18:35] <wrbtrader> Exited all Emini ES Long @ 3450.00 --> + 2
[14:18:47] <wrbtrader> WRB pt1 reached
[15:57:57] <wrbtrader> Long Emini ES @ 3456.75 -> large size
[15:58:07] <wrbtrader> 10 contracts
[15:58:34] <wrbtrader> Exited all Emini ES Long @ 3457.00 --> + 0.25
[15:58:50] <wrbtrader> Trade error and lucky escape at a profit
[15:58:59] <wrbtrader> I'm going to call it quits
[15:59:13] <wrbtrader> Take care, have a nice weekend and see all next week