##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 (11/16/2020) @ https://www.bloomberg.com/news/videos/2020-11-16/-bloomberg-the-open-full-show-11-16-2020-video

[09:29:54] * Now talking in ##TheStrategyLab
[09:29:54] -ChanServ- [##TheStrategyLab] Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[09:29:54] ##TheStrategyLab url is http://www.thestrategylab.com/tsl/forum/
[09:33:37] <wrbtrader> Good Morning
[09:33:46] <asuni> good morning
[09:40:20] <wrbtrader> VIX @ 23.41
[09:44:10] <asuni> very difficult to "read" the market with this no correlation
[09:44:13] <asuni> for me
[09:49:26] <wrbtrader> poor correlation in the Emini futures
[10:04:35] <werner1> hi all
[10:04:44] <asuni> hi
[10:05:01] <werner1> hi asuni
[10:17:03] <werner1> Long Emini NQ @ 11978.50
[10:17:27] <werner1> Exited all Emini NQ Long @ 11983.00 --> + 4.5
[10:22:44] <werner1> Long Emini NQ @ 11973.50
[10:23:17] <werner1> Exited all Emini NQ Long @ 11979.50 --> + 6
[10:23:46] <werner1> to fast to replace the exit
[10:26:04] <werner1> Long Emini NQ @ 11793.50
[10:26:24] <werner1> Exited all Emini NQ Long @ 11799.50 --> + 6
[10:27:02] <werner1>
[10:49:59] <werner1> back
[11:00:35] <Tigerman______> all
[11:00:55] <werner1> hi tigerman
[11:01:03] <Tigerman______> too busy here with others things
[11:01:08] <Tigerman______> hi werner
[11:01:18] <Tigerman______> slow up trend in ES now
[11:02:39] <Tigerman______> NQ is stronger
[11:02:53] <Tigerman______> not sure if ES can keep pace with it
[11:02:53] <asuni> hi tigerman
[11:03:02] <Tigerman______> hi asuni
[11:10:43] <Tigerman______> what I see is very muddy markets now
[11:10:50] <Tigerman______> poor sync
[11:11:39] <Tigerman______> seems most entered after News around lunch in EU
[11:11:55] <Tigerman______> vaccine news
[11:32:15] <wrbtrader> Tigerman...both my business laptops are now in the repair store
[11:33:20] <Tigerman______> wow .. do you chat with a 3rd PC or mobile just x chat
[11:33:37] <Tigerman______> not trading PC
[11:33:53] <wrbtrader> I order two new laptops (Dell XPS 15) on Friday...delivered on Sunday...
[11:34:00] <wrbtrader> Almost finish setting them up
[11:34:40] <wrbtrader> When my other laptops are repaired...I'll donate them to relatives in the United States that needs them.
[11:34:46] <Tigerman______> Ah ok I usually like build Desktop solutions
[11:35:10] <wrbtrader> I stopped using desktops when I was in the hospital
[11:35:25] <wrbtrader> That's when I realized I needed to be mobile
[11:36:38] <wrbtrader> Especially when I had all those medical appointments for about 1 1/2 years after the hospitalization...
[11:37:07] <wrbtrader> Sometimes waiting 1 - 2 hours between appointments...3 - 5 times per month
[11:37:40] <wrbtrader> I was able to manage everything normally because I had one of my laptops with me using my cell phone personal hotspot
[11:37:54] <Tigerman______> yeah laptops are a good these days also cheaper
[11:38:23] <Tigerman______> in contrast more expensive when you require more power
[11:38:58] <Tigerman______> trading so so demanding Video editing needs more
[11:39:05] <wrbtrader> Yeah...that's why I went with the Dell XPS 15...I needed a graphic gorilla
[11:39:16] <Tigerman______> ment trading Not so demanding
[11:39:40] <Tigerman______> I usually use HP as laptop
[11:39:51] <wrbtrader> Here's the build discovery...pay attention...
[11:42:31] <wrbtrader> I'm paying 1Gbps (not mbps) for internet (fiber optics) per month
[11:43:11] <wrbtrader> My prior laptops were only getting about 750mpbs eventhough I was paying for 1Gpbs
[11:43:32] <wrbtrader> These new laptops (Dell XPS) has WiFi 6
[11:43:44] <wrbtrader> I never heard of WiFi 6
[11:44:16] <wrbtrader> I now get 900mpbs internet speed on the WiFi 6
[11:44:59] <wrbtrader> Simpy, the WiFi 6 gave me more speed and less data stalls than my prior laptops
[11:45:05] <wrbtrader> on the same service
[11:45:39] <wrbtrader> My older laptop...the one not for trading purposes...its just for personal use...
[11:45:51] <Tigerman______> so your 900mbps is it via whi-fy
[11:46:07] <Tigerman______> wi-fi
[11:46:26] <wrbtrader> Yes
[11:46:53] <wrbtrader> The lowest its dropped has been to 600mbps
[11:47:11] <wrbtrader> That's when both are logged in
[11:47:38] <Tigerman______> good results
[11:47:52] <wrbtrader> The big test will be later today on my cellphone hotspot
[11:48:02] <Tigerman______> I have 1 Gpbs
[11:48:22] <Tigerman______> I got that speed only first days
[11:48:32] <wrbtrader> I'm paying for 10mbps
[11:48:48] <wrbtrader> prior laptops only could get a max of 5mbps
[11:49:04] <Tigerman______> simply they know most people doesn t care after first install
[11:49:26] <Tigerman______> so they drop real speed a bit to service more customers
[11:49:27] <wrbtrader> A little better than the typical Wifi hotspots at library or cafe in the area that usually gets around 4mpbs
[11:50:32] <Tigerman______> nowdays high speed just good to watch 4K movies in a family
[11:50:48] <Tigerman______> everyone a differet movie
[11:51:13] <wrbtrader> Hi speed is a big difference in the trade executions
[11:52:07] <wrbtrader> slower the speed...poorer the trade executions especially when I'm marketing in / out of a fast moving trade
[11:52:17] <Tigerman______> wrbtrader more then speed important is latency
[11:52:43] <wrbtrader> Usually...the faster the speed...better latency
[11:52:57] <Tigerman______> yep usually they are correlated
[11:53:20] <Tigerman______> did you test your latency
[11:53:58] <wrbtrader> Yeah...a small improvement on the new laptops while using the same connections as the old laptops
[11:54:21] <Tigerman______> ok so in numbers how many ms
[11:55:02] <Tigerman______> not only important in trading in video-gaming too
[11:57:08] <wrbtrader> Yeah...I never put any gaming on my laptops
[11:58:39] <Tigerman______> I usually play on PS4-3-2
[11:58:46] <wrbtrader> Kids have a Nintendo Swith and PS Vita if they need to be mobile
[11:58:50] <Tigerman______> simply some old games still maters
[11:59:43] <Tigerman______> I usually play on Big TV-monitors
[12:00:01] <Tigerman______> Nintendo when I go in bath
[12:00:18] <Tigerman______> or wait at office
[12:02:02] <Tigerman______> today just did few small size strades in mES
[12:02:09] <Tigerman______> simply not volatility
[12:09:32] <wrbtrader> Correlations still poor today
[12:09:43] <wrbtrader> I thought it would get better...it has not
[12:10:56] <Tigerman______> yeah risky trades in this action
[12:11:31] <wrbtrader> Tigerman...I think one of the biggest difference in my trade fills occurred in 2013 - 2014 when I moved from regular cable internet to fiber optic interent
[12:12:13] <wrbtrader> Also, I got a dedicated line...I don't share it with anyone (extra $150 per month)
[12:13:07] <wrbtrader> Thus, If a 100 million people were to move into my area...
[12:13:21] <wrbtrader> I will still be the only one on my dedicated line
[12:14:06] <Tigerman______> so they garantee to you a minimum bandwith
[12:14:55] <wrbtrader> Yes and guarantee 1 hour service if my line goes down or problems
[12:15:55] <wrbtrader> Service as in they can get someone out to my home to fix it if needed
[12:16:34] <wrbtrader> Emini futures correlations suddenly getting better
[12:20:36] <wrbtrader> Shorts Emini ES @ 3615.00 -> large size
[12:20:38] <wrbtrader> 10 contracts
[12:20:56] <wrbtrader> NQ broke its support level of most recent reaction low
[12:21:51] <wrbtrader> WRB pt1 reached
[12:23:32] <werner1> take care...cya
[12:23:48] <Tigerman______> I focused on 3min chart thinking was 1min
[12:24:20] <Tigerman______> so now I understand why candles was so slow
[12:24:57] <wrbtrader> Covered all Emini ES Short @ 3612.00 --> + 3
[12:25:46] <Tigerman______> infact I missed 3616 ES
[12:25:56] <Tigerman______> enter was @ 3613
[12:26:13] <Tigerman______> I chased @ 3613
[12:27:03] <Tigerman______> good I dump @ 3612.5 instead a loss
[12:27:24] <wrbtrader> Yeah...I missed the ES short @ 3616 as an early entry just prior to NQ breaking its support low
[12:28:21] <Tigerman______> we need be very fast in this situations
[12:29:39] <Tigerman______> fast in entry and expecially fast in realize we are late and strong part of the move is gone
[12:31:23] <Tigerman______> sh mES 3612
[12:32:16] <Tigerman______> wxit 1/2 @ 3611.75 +.25
[12:32:59] <Tigerman______> exit all rem @ 3612 +0
[12:42:32] <wrbtrader> ES tight trading range...nearing a R area
[12:43:17] <wrbtrader> Long Emini ES @ 3614.25 -> large size
[12:43:20] <wrbtrader> 10 contracts
[12:43:37] <wrbtrader> breakout...slow
[12:45:50] <wrbtrader> Exited all Emini ES Long @ 3613.75 --> - 0.5
[12:46:03] <wrbtrader> trail stop picked
[12:51:27] <wrbtrader> Shorts Emini ES @ 3612.50 -> large size
[12:51:33] <wrbtrader> 10 contracts re-entry
[12:52:22] <wrbtrader> ES broke S area
[12:53:30] <wrbtrader> Covered all Emini ES Short @ 3610.50 --> + 2
[12:53:45] <wrbtrader> small WRB pt1 reached
[12:55:05] <wrbtrader> Shorts Emini ES @ 3610.25 -> large size
[12:55:11] <Tigerman______> sh 3610 ES
[12:55:17] <wrbtrader> 10 contracts intuition
[12:55:59] <Tigerman______> exit 1/2 @ 3609.50 +.5p
[12:56:25] <wrbtrader> Covered all Emini ES Short @ 3609.25 --> + 1
[12:56:38] <wrbtrader> small WRB pt1 reached
[12:57:30] <Tigerman______> exit all rem @ 3610 +0
[13:01:40] <Tigerman______> sh es 3610.25
[13:02:21] <Tigerman______> exit 1/2 @ 3609 +1.25
[13:02:56] <Tigerman______> exit all rem @ 3609.50 + .5p
[13:03:16] <Tigerman______> price dancing too much I dumped remainders
[13:13:33] <Tigerman______> ok take care all see next time
[13:13:47] <wrbtrader> Take care Tigerman...be safe
[13:14:39] <wrbtrader> Shorts Emini ES @ 3609.75 -> large size
[13:14:41] <wrbtrader> 10 contracts
[13:14:51] <wrbtrader> early entry
[13:16:33] <wrbtrader> Covered all Emini ES Short @ 3609.50 --> + 0.25
[13:16:45] <wrbtrader> early exit
[13:16:49] <wrbtrader> be right back
[13:40:53] <wrbtrader> Shorts Emini ES @ 3599.50 -> large size
[13:41:03] <wrbtrader> 10 contracts
[13:41:28] <wrbtrader> Covered all Emini ES Short @ 3598.50 --> + 1
[13:41:45] <wrbtrader> trail stop picked
[13:42:19] <wrbtrader> late entry didn't give me any wiggle room to hold that one
[13:42:57] <wrbtrader> Trade signal @ 3606
[13:43:24] <wrbtrader> will look at the one later tonight about how I missed it when I came back
-
[13:47:21] * Now talking in ##TheStrategyLab
[14:14:55] <wrbtrader> Long Emini ES @ 3609.00 -> large size
[14:15:03] <wrbtrader> 10 contracts
[14:15:38] <wrbtrader> Exited all Emini ES Long @ 3608.75 --> - 0.25
[14:15:47] <wrbtrader>
[14:15:59] <wrbtrader> early exit
[14:16:07] <wrbtrader>
[14:30:06] <wrbtrader> Long Emini ES @ 3611.00 -> large size
[14:30:15] <wrbtrader> 10 contracts intuition
[14:30:30] <wrbtrader> small WRB pt1 reached
[14:30:52] <wrbtrader> Exited all Emini ES Long @ 3612.75 --> + 1.75
[14:32:07] <wrbtrader> Should have been a bigger WRB pt1 had I not messed up the prior Long entry that resulted in an early exit
[14:32:39] <wrbtrader> snapback Down
[14:44:24] <wrbtrader> Dow jumps 380 points, hits record high as hopes of effective vaccines fuel market rally (CNBC) @ https://www.cnbc.com/2020/11/15/stock-m ... -news.html
[15:11:25] <wrbtrader> Long Emini ES @ 3609.00 -> small size
[15:11:31] <wrbtrader> 3 contracts
[15:12:55] <wrbtrader> Exited all Emini ES Long @ 3607.75 --> - 1.25
[15:13:35] <wrbtrader> Shorts Emini ES @ 3607.75 -> small size
[15:13:50] <wrbtrader> 3 contracts
[15:16:34] <wrbtrader> Covered all Emini ES Short @ 3606.00 --> + 1.75
[15:16:50] <wrbtrader> early exit
[15:16:55] <wrbtrader> not a WRB pt1
[15:27:53] <wrbtrader> Shorts Emini ES @ 3611.00 -> large size
[15:28:06] <wrbtrader> 10 contracts
[15:28:37] <wrbtrader> Biden speaking on Financial Networks (CNBC, CNN, Bloomberg)
[15:28:45] <wrbtrader> WRB pt1 reached
[15:29:02] <wrbtrader> Covered all Emini ES Short @ 3607.75 --> + 3.25
[15:32:39] <wrbtrader> getting choppy
[15:33:08] <wrbtrader> Shorts Emini ES @ 3610.75 -> large size
[15:33:20] <wrbtrader> 10 contracts early entry
[15:35:28] <wrbtrader> tough trade
[15:35:44] <wrbtrader> Covered all Emini ES Short @ 3611.25 --> - 0.5
[15:36:05] <wrbtrader> should of held it a little longer
[15:39:02] <wrbtrader> Shorts Emini ES @ 3619.25 -> large size
[15:39:04] <wrbtrader> 10 contracts
[15:39:24] <wrbtrader> correction...
[15:39:40] <wrbtrader> Shorts Emini ES @ 3610.25 -> large size
[15:40:26] <wrbtrader> Covered all Emini ES Short @ 3611.25 --> - 1
[15:41:32] <wrbtrader> 3 point range the last 10 minutes
[15:42:57] <wrbtrader> Short squeeze trying to get going
[15:44:10] <wrbtrader> Long Emini ES @ 3613.00 -> large size
[15:44:20] <wrbtrader> 10 contracts early entry
[15:44:51] <wrbtrader> Exited all Emini ES Long @ 3615.25 --> + 2.25
[15:45:08] <wrbtrader> WRB pt1 reached on the volatility spike
[15:45:39] <wrbtrader> looks like it has a little more room to the upside
[15:50:17] <wrbtrader> Snapback Down
[16:02:33] <wrbtrader> Spike out of nowhere
[16:02:55] <wrbtrader> Take care all and see all tomorrow