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 Post subject: October 28th Weds - #futures #forex #stocks #trading
 Post Posted: Wed Oct 28, 2020 9:11 am 
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Joined: Tue Dec 16, 2008 1:02 am
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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 (10/28/2020) @ https://www.bloomberg.com/news/videos/2020-10-28/-bloomberg-the-open-full-show-10-28-2020-video

[09:31:33] * Now talking in ##TheStrategyLab
[09:37:14] <wrbtrader> Shorts Emini ES @ 3319.00 -> large size
[09:37:19] <wrbtrader> 10 contracts
[09:37:49] <wrbtrader> Covered all Emini ES Short @ 3320.00 --> - 1
[09:38:36] <wrbtrader> Long Emini ES @ 3321.50 -> large size
[09:38:43] <wrbtrader> 10 contracts
[09:40:18] <wrbtrader> Exited all Emini ES Long @ 3322.50 --> + 1
[09:40:38] <wrbtrader> Shorts Emini ES @ 3320.50 -> large size
[09:40:45] <wrbtrader> 10 contracts
[09:42:18] <wrbtrader> Covered all Emini ES Short @ 3322.50 --> - 2
[09:42:53] <wrbtrader> b.s. price action...too many long upper/lower shadow intervals
[09:43:16] <wrbtrader> in Emini ES while NQ is smoother
[09:48:49] <wrbtrader> Shorts Emini ES @ 3323.00 -> large size
[09:48:58] <wrbtrader> 10 contracts
[09:49:04] <wrbtrader> correlations off the map
[09:51:10] <asuni> 9 points
[09:51:23] <wrbtrader> Increasing volatility on the "slingshot" back down as the ES tries to catch up with the correlations in the Emini futures
[09:52:44] <wrbtrader> It should have caught up by now...ES still chasing
[09:53:19] <wrbtrader> closing in on the reaction low that started this mess
[09:53:53] <wrbtrader> Now below that reaction low
[09:54:36] <wrbtrader> WRB pt2 reached
[09:55:42] <wrbtrader> Covered all Emini ES Short @ 3309.75 --> + 13.25
[09:56:39] <wrbtrader> That's the flip side of when correlations get "extreme"...they slingshot (retrace strongly) to catch up with the others
[09:57:27] <wrbtrader> Those long shadow intervals (consecutive Up/Down) are the prelude to bad correlations
[10:02:02] <wrbtrader> Shorts Emini ES @ 3308.75 -> small size
[10:02:14] <wrbtrader> 3 contracts
[10:02:19] <wrbtrader> intuition
[10:03:45] <wrbtrader> VIX @ 38.71
[10:05:42] <wrbtrader> Covered all Emini ES Short @ 3302.25 --> + 6.5
[10:05:50] <wrbtrader> WRB pt1 reached
-
[10:42:23] * Now talking in ##TheStrategyLab
[11:29:36] <Tigerman______> gm all
[11:29:40] <wrbtrader> Geeesh...Dow already -856 points
[11:29:45] <Tigerman______> VIX arond 40 today
[11:31:31] <wrbtrader> Shorts Emini ES @ 3279.00 -> large size
[11:31:41] <wrbtrader> 10 contracts
[11:31:52] <wrbtrader> Another S area broken
[11:32:22] <wrbtrader> needs to go lower to prevent a snapback Up
[11:33:05] <Tigerman______> big down Wrb interval now in most frames
[11:35:12] <wrbtrader> Covered all Emini ES Short @ 3278.75 --> + 0.25
[11:35:29] <wrbtrader> trail stop picked on the Snapback Up :(
[11:35:47] <Tigerman______> wow you left some points on plate
[11:51:01] <wrbtrader> No...it was a trail stop pick
[11:51:07] <wrbtrader> Not an early exit
[11:51:54] <wrbtrader> Did miss a position reveral signal
[11:52:35] <Tigerman______> yes I mean you left some points because you not exited with a portion after the down spike
[11:52:50] <Tigerman______> I know you don t do it usually
[11:53:05] <Tigerman______> in contrast I do it
[11:53:43] <wrbtrader> Look at it this way...
[11:54:03] <Tigerman______> problem on my side ...when price continue strongly down I am already out so I miss later price surge
[11:54:19] <wrbtrader> Volatility is moving higher and we're getting closer to the U.S. Nov 3rd Elections while Coronavirus is raging around the world
[11:54:20] <Tigerman______> we need a balance on this
[11:54:55] <wrbtrader> There will be plenty of other big price movements today, tomorrow and the next few months
[11:55:03] <wrbtrader> Huge movements
[11:55:16] <Tigerman______> yep agreed
[11:55:20] <wrbtrader> I just want a little of it
[11:55:58] <Tigerman______> what I can learn from this is: more patience on let trade go ..while protecting my position with a trail stop
[11:56:36] <Tigerman______> simply I tend to scalp so I collect a lot of small profits (few ticks)
[11:57:19] <Tigerman______> and many times miss the Big move because I exit too early :(
[11:57:26] <wrbtrader> Long Emini ES @ 3298.00 -> large size
[11:57:36] <wrbtrader> 10 contracts on the Short Squeeze
[11:57:50] <Tigerman______> simply from next month I want trade less and collect larger points
[11:59:19] <wrbtrader> Exited all Emini ES Long @ 3298.50 --> + 0.5
[11:59:47] <wrbtrader> Shorts Emini ES @ 3297.00 -> large size
[11:59:59] <wrbtrader> 10 contracts
[12:00:07] <wrbtrader> need to be careful with this Short
[12:00:28] <wrbtrader> Covered all Emini ES Short @ 3297.50 --> - 0.5
[12:01:04] <wrbtrader> Shorts Emini ES @ 3297.00 -> large size
[12:01:18] <wrbtrader> 10 contracts re-entry
[12:02:26] <wrbtrader> Covered all Emini ES Short @ 3296.50 --> + 0.5
[12:02:36] <wrbtrader> bouncing around
[12:03:32] <wrbtrader> back at the S area of the contraction
[12:04:18] <wrbtrader> Long Emini ES @ 3297.50 -> large size
[12:04:26] <wrbtrader> 10 contracts
[12:04:40] <wrbtrader> contraction is becoming fast moving
[12:04:51] <wrbtrader> tough to trade
[12:05:26] <wrbtrader> Exited all Emini ES Long @ 3297.00 --> - 0.5
[12:06:08] <wrbtrader> Long Emini ES @ 3296.50 -> large size
[12:06:15] <wrbtrader> 10 contracts
[12:06:39] <wrbtrader> moving up the range of a Long Upper Shadow interval
[12:07:01] <wrbtrader> trying to stay above the R area
[12:09:39] <wrbtrader> struggling again at the R area
[12:10:15] <wrbtrader> Exited all Emini ES Long @ 3399.00 --> + 2.5
[12:10:49] <wrbtrader> trail stop picked
[12:14:01] <wrbtrader> Long Shadow Upper Shadow interval
[12:15:03] <wrbtrader> Long Emini ES @ 3300.00 -> large size
[12:15:26] <wrbtrader> 10 contracts...still trying to Short Squeeze
[12:17:32] <wrbtrader> Exited all Emini ES Long @ 3300.25 --> + 0.25
[12:17:45] <wrbtrader> volatility now drying up
[12:18:03] <wrbtrader> too much of a struggle to stay above that R area
[12:18:44] <wrbtrader> More contraction showing up
[12:20:18] <wrbtrader> Warning...we were down more than -3 %
[12:20:50] <wrbtrader> There was no stoppage because the exchange included that strange additional rule that I do not understand
[12:22:15] <wrbtrader> I was still scratching my head a few weeks ago when I call my brokers to better explain the additional rules for the market stoppage @ -3% and -7%.
[12:23:10] <wrbtrader> One thing that does happen...many market participants will go to the sidelines when -3% and -7% are hit...drying up the volatility even though trading is continuing
[12:26:04] <Tigerman______> yeah maybe less liquidity so more difficult to orders fill
[12:49:46] <wrbtrader> Shorts Emini ES @ 3282.50 -> large size
[12:49:58] <wrbtrader> 10 contracts
[12:50:06] <wrbtrader> intuition
[12:50:20] <wrbtrader> NQ looks to take out its most recent reaction low
[12:52:53] <wrbtrader> Covered all Emini ES Short @ 3281.25 --> + 1.25
[12:53:03] <wrbtrader> trail stop picked :(
[12:53:27] <wrbtrader> Looks like the snapback Up occurred when Biden stopped speaking live on TV
[12:54:13] <wrbtrader> Long Emini ES @ 3284.00 -> large size
[12:54:19] <wrbtrader> 10 contracts
[12:55:32] <wrbtrader> Exited all Emini ES Long @ 3283.25 --> - 0.75
[12:55:43] <wrbtrader> trail stop picked
[12:56:49] <wrbtrader> Long Emini ES @ 3283.50 -> large size
[12:56:57] <wrbtrader> 10 contracts re-entry
[12:57:00] <wrbtrader> intuition
[12:58:37] <wrbtrader> Exited all Emini ES Long @ 3284.25 --> + 0.75
[13:00:05] <wrbtrader> Shorts Emini ES @ 3283.25 -> large size
[13:00:08] <wrbtrader> 10 contracts
[13:13:28] <wrbtrader> Dow back to -880 points
[13:15:08] <wrbtrader> Biden back on TV again after voting in Delaware (his homestate)
[13:15:36] <Tigerman______> amazing you still hang on this short trade
[13:16:41] <Tigerman______> and fight the urge to exit to bring home profit
[13:17:04] <Tigerman______> yeah nice trade really
[13:18:49] <wrbtrader> Covered all Emini ES Short @ 3272.50 --> + 10.75
[13:18:53] <wrbtrader> WRB pt3 reached
[13:19:10] <Tigerman______> great
[13:38:49] <Tigerman______> maybe after some good gains posted here..you ll receive some post asking you how good is your strategy
[13:39:14] <Tigerman______> you can write them is not the strategy... it is the Trader :)
[13:39:49] <wrbtrader> Its both...strategy and trader.
[13:40:43] <wrbtrader> One day the strategy is more important than the trader...the next day the trader is more important than the strategy.
[13:41:01] <wrbtrader> Yet, both are dependent upon each other as in can not do it alone
[13:42:31] <Tigerman______> yeah agreed
[13:42:47] <Tigerman______> it is multifactorial
[13:44:45] <Tigerman______> just newbe thinks (my reasoning was similar long ago) a strategy can solve anything when you get a good one you ll rule the world
[13:47:17] <Tigerman______> yeah traders need care for many things and do it every day
[13:48:46] <wrbtrader> Just looked at the daily Covid-19 cases in Europe countries @ https://www.euronews.com/2020/10/28/is- ... -breakdown
[13:49:33] <wrbtrader> Sad...looks like I will have to wait beyond next summer to go back to my home in France :(
[13:50:17] <Tigerman______> pandemic is out of control in most countries
[13:50:30] <wrbtrader> Yep
[13:50:37] <Tigerman______> scary hospitals are stressed up
[13:50:57] <wrbtrader> Some place resorting now to "martial law" via using their military
[13:50:59] <wrbtrader> Crazy
[13:51:45] <Tigerman______> if they do not stop with lockdown...no more bed and doctors to cure all emergency not only virus
[13:51:57] <wrbtrader> In the old days under "martial law"...they had the right to shoot you if your out beyond curfew :(
[13:52:06] <Tigerman______> they had all the summer to be ready .... :(
[13:52:50] <Tigerman______> still you see bad dressed masks
[13:53:05] <Tigerman______> no social distance full bus
[13:53:25] <Tigerman______> not smart use of internet teaching
[13:53:46] <wrbtrader> Wow...didn't know people were still crowding on buses
[13:54:07] <Tigerman______> best countries to mangage it : Vietnam south Korea Japan and some others
[13:54:51] <wrbtrader> Long Emini ES @ 3284.75 -> large size
[13:54:58] <wrbtrader> 10 contracts
[13:55:02] <Tigerman______> best you avoid look at video about full buss in Rome or elsewhere
[13:55:19] <wrbtrader> Moving up the range of the most recent Long Upper Shadow interval
[13:55:58] <wrbtrader> strange fills
[13:56:23] <wrbtrader> partials in 3s plus 1
[13:56:36] <wrbtrader> all the same price
[13:57:41] <wrbtrader> Exited all Emini ES Long @ 3285.25 --> + 0.5
[13:57:50] <wrbtrader> trail stop picked :(
[13:59:27] <wrbtrader> Long Emini ES @ 3285.25 -> large size
[13:59:30] <wrbtrader> 10 contracts re-entry
[13:59:39] <wrbtrader> sneaky price action
[13:59:57] <wrbtrader> nearing the R area
[14:00:16] <wrbtrader> can not get above it
[14:00:35] <wrbtrader> Exited all Emini ES Long @ 3284.75 --> - 0.5
[14:00:57] <wrbtrader> Shorts Emini ES @ 3283.75 -> large size
[14:01:01] <wrbtrader> 10 contracts
[14:01:07] <wrbtrader> :(
[14:01:20] <wrbtrader> should have done a position reversal
[14:01:37] <wrbtrader> WRB pt1 reached
[14:01:45] <wrbtrader> increasing volatility
[14:02:50] <wrbtrader> Covered all Emini ES Short @ 3283.00 --> + 0.75
[14:03:04] <wrbtrader> trail stop picked
[14:03:34] <wrbtrader> Long Lower Shadow interval 3min chart
[14:03:50] <wrbtrader> Shorts Emini ES @ 3282.75 -> large size
[14:03:59] <wrbtrader> 10 contracts re-entry
[14:07:14] <wrbtrader> Covered all Emini ES Short @ 3282.00 --> + 0.75
[14:07:23] <wrbtrader> volatility stalled
[14:08:09] <wrbtrader> be back later...need a mental break
[14:33:17] <Tigerman______> ok take care all see next time
[15:16:59] <wrbtrader> Ok...I'm back
[15:17:20] <wrbtrader> Looks like not much happening since 2:30pm est
[15:17:26] <wrbtrader> good...I didn't miss much
[15:30:48] <wrbtrader> Long Emini ES @ 3292.00 -> large size
[15:31:00] <wrbtrader> 10 contracts
[15:31:09] <wrbtrader> snapback Up
[15:32:35] <wrbtrader> WRB pt1 reached
[15:35:52] <wrbtrader> Exited Emini ES Long @ 3293.50 --> + 1.5
[15:35:52] <wrbtrader> Reverse and Enter Short Emini ES @ 3293.50
[15:36:09] <wrbtrader> lost my WRB pt1 :(
[15:36:28] <wrbtrader> should have taken that 4 point profit
[15:37:19] <wrbtrader> WRB pt1 reached
[15:40:05] <wrbtrader> Covered all Emini ES Short @ 3282.75 --> + 10.75
[15:41:18] <wrbtrader> That was the reason why I lost the prior WRB pt1...I was greedy and though I could catch a +10 point move in a Long position on a trading day I had a negative bias
[15:42:15] <wrbtrader> Easier to hold a bias much longer beyond the profit target than when a profitable trade is against the bias
[15:58:02] <wrbtrader> Emini ES approaching a prior FOMC WRB Zone
[15:58:33] <wrbtrader> Now about 20 points above it
[15:58:47] <wrbtrader> Will be watching it closely tomorrow trading session
[15:59:03] <wrbtrader> Take care all and see all tomorrow
Session Close

Bloomberg Markets: The Close' Full Show (10/28/2020) @ https://www.bloomberg.com/news/videos/2020-10-28/-bloomberg-markets-the-close-full-show-10-28-2020-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.

Quote:
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 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
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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