##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 (11/24/2020) @ https://www.bloomberg.com/news/videos/2020-11-24/-bloomberg-the-open-full-show-11-24-2020-video

[10:10:50] * Now talking in ##TheStrategyLab
Tigerman______> Tigerman all
09:35:54 <asuni> ... hi
09:36:00 <Tigerman______> Tigerman Big Up gap at open today
09:36:12 hi asuni
09:37:00 <asuni> ... wantd to enter short at 3603 9:32 am...... didn't do it
09:40:33 <Tigerman______> Tigerman sell pressure since open ... now stall around 3596 ES
09:46:13 messy area here
09:46:22 3598-3595 ES
09:48:40 under 3595 ES was a nice point to short
09:48:41 <asuni> ... 2 losses -.50 e 0 one gain +2.25
09:48:57
<Tigerman______> Tigerman I did it it retrace back
09:49:22 best action is gone
09:49:40 good I used some size at open
09:49:57
<asuni> ... we'll see if kmw 10.00 will move something
09:50:00
<Tigerman______> Tigerman now I m in low size unless a good move show up
09:50:16
<asuni> ... there is the open gap to fill
09:50:18
<Tigerman______> Tigerman yep it can shake something
09:50:49 yeah only NQ has already filled that
09:51:06
<asuni> ... yes
09:51:54 trying to go over 3600 now
09:52:32 over = above
10:00:43
<Tigerman______> Tigerman slow up movement after 9:51am
10:01:12 slow rebound I bought around that time @ 3598
10:01:53 just exit soon for just .5 p
10:01:59 exited
10:02:13 simply not liked the volatility
10:02:30 it was better hang on on that
10:04:49 in my opinion it can be a nice short from here around 3603 ES
10:05:27 simply this up move seems not so strong to me

-------

[10:14:23] <Tigerman______> another junk area
[10:18:27] <wrbtrader> Long Emini ES @ 3607.50 -> large size
[10:18:36] <wrbtrader> 10 contracts
[10:20:16] <wrbtrader> Exited all Emini ES Long @ 3608.00 --> + 0.5
[10:20:35] <wrbtrader> spooked out by Emini NQ
[10:21:25] <Tigerman______> as I said ... vola is disgusting
[10:21:31] <Tigerman______> right now
[10:23:46] <Tigerman______> no big buy no big sell
[10:24:01] <Tigerman______> I did some experiments here
[10:24:09] <Tigerman______> Big disaster
[10:30:46] <wrbtrader> Shorts Emini ES @ 3606.25 -> large size
[10:30:52] <wrbtrader> 10 contracts
[10:31:11] <wrbtrader> missed 3608 entry
[10:31:15] <wrbtrader> poor entry
[10:32:30] <wrbtrader> Covered all Emini ES Short @ 3606.00 --> + 0.25
[10:33:23] <wrbtrader> Just like yesterday...ES having a lot of problems keeping up with NQ to the downside but keeping pace with NQ to the upside
[10:38:44] <Tigerman______> just like yesterday and previous days price action is totally bad
[10:38:59] <Tigerman______> simply just algos play
[10:39:28] <Tigerman______> today just first minutes after open was good
[10:40:40] <Tigerman______> problem is: it needs ton of experience to be able to understand when price action is so messy
[10:46:24] <Tigerman______> yeah today just first 30-40 minutes was good
[10:46:36] <Tigerman______> after that junk action
[10:47:16] <Tigerman______> I ll study better these patterns
[10:47:36] <Tigerman______> so to trade Only in good areas
[10:48:07] <wrbtrader> [10:40:40] <Tigerman______> problem is: it needs ton of experience to be able to understand when price action is so messy
[10:48:19] <wrbtrader> It begins when you listen to yourself.
[10:48:47] <wrbtrader> Its the primary reason why I use to chat room to log my "thoughts" about the price action.
[10:49:52] <wrbtrader> Helps with my position size management of a trade, helps with ny trade decisions and helps with my awareness of the price action.
[10:51:24] <wrbtrader> A key trick I learned in rowing when the coxsain would call out our stroke numbers
[10:51:39] <wrbtrader> Coxswain
[10:53:09] <wrbtrader> If the pace doesn't seem normal...too slow or too fast...
[10:53:31] <wrbtrader> I won't know that if I can not see what I wrote about the price action seconds earlier
[10:54:19] <wrbtrader> That's why I emphasis...trading in silence is very bad for trade performance results
[10:54:56] <wrbtrader> A trader that's silent...is teaching themself not to listen to their thoughts while trading
[10:56:26] <wrbtrader> I can look at any past log to see which trades were early entry, poor entry, early exits, intuition and many of crucial trade performance info without even waiting for my brokers to email me at night my broker statements that only has numbers
[10:58:09] <Tigerman______> yeah thanks for remaind this
[10:58:31] <Tigerman______> I agree an aeverything
[10:59:01] <wrbtrader> Also, as you noted the volatility sucks right now
[11:01:01] <wrbtrader> new support level developed
[11:02:04] <wrbtrader> Long Emini ES @ 3616.25 -> large size
[11:02:11] <wrbtrader> 10 contracts
[11:03:47] <wrbtrader> Exited all Emini ES Long @ 3618.50 --> + 2.25
[11:04:08] <wrbtrader> WRB pt1 reached just above the most recent reaction high
[11:04:39] <wrbtrader> correlations good within the Emini futures in that push upside
[12:06:24] <Tigerman______> lg ES 3630
[12:06:29] <Tigerman______> sym trade
[12:07:42] <Tigerman______> exit all @ 3630.50 +.5
[12:07:53] <Tigerman______> very small wrb pt1 reached
[12:08:14] <Tigerman______> regardless it was a sym trade I no use real money on plate now
[12:08:36] <Tigerman______> my only worth trades was just after the open today
[12:08:46] <Tigerman______> ok take care all see next time
[12:08:58] <asuni> bye tigerman
[12:09:04] <Tigerman______> bye
[14:02:55] <wrbtrader> Shorts Emini ES @ 3632.50 -> large size
[14:02:57] <wrbtrader> 10 contracts
[14:04:19] <wrbtrader> geeesh
[14:04:31] <wrbtrader> ES sluggish to keep pace
[14:06:31] <wrbtrader> Covered all Emini ES Short @ 3633.00 --> - 0.5
[14:07:29] <wrbtrader> Shorts Emini ES @ 3632.00 -> large size
[14:07:47] <wrbtrader> 10 contracts re-entry
[14:13:13] <wrbtrader> too much contraction
[14:14:16] <wrbtrader> I"m now expecting a volatility spike here soon
[14:15:27] <wrbtrader> Covered all Emini ES Short @ 3631.00 --> + 1
[14:15:38] <wrbtrader> dumped it
[14:16:04] <wrbtrader> Shorts Emini ES @ 3630.00 -> large size
[14:16:14] <wrbtrader> 10 contracts
[14:16:20] <wrbtrader> chasing the volatility
[14:16:59] <wrbtrader> geeeshh...I was just in it and expecting it to spike...couldn't hold it
[14:17:26] <wrbtrader> Covered all Emini ES Short @ 3629.00 --> + 1
[14:41:54] <wrbtrader> Short Squeeze trying
[14:44:55] <wrbtrader> Shorts Emini ES @ 3631.75 -> large size
[14:45:10] <wrbtrader> 10 contracts re-entry
[14:47:14] <wrbtrader> Covered all Emini ES Short @ 3627.50 --> + 4.25
[14:47:21] <wrbtrader> WRB pt2 reached
[14:49:02] <wrbtrader> geeesh...crazy snapback Up and then back Down
[15:06:14] <wrbtrader> Long Emini ES @ 3631.00 -> large size
[15:06:21] <wrbtrader> 10 contracts
[15:06:44] <wrbtrader> poor entry
[15:07:14] <wrbtrader> Exited all Emini ES Long @ 3630.25 --> - 0.75
[15:07:41] <wrbtrader> Shorts Emini ES @ 3629.75 -> large size
[15:07:48] <wrbtrader> 10 contracts
[15:08:51] <wrbtrader>
[15:09:04] <wrbtrader> Covered all Emini ES Short @ 3631.25 --> - 1.5
[15:11:04] <wrbtrader> Long Emini ES @ 3633.00 -> large size
[15:11:16] <wrbtrader> 10 contracts on the Short Squeeze
[15:11:37] <wrbtrader> Long Upper Shadow intervval
[15:11:47] <wrbtrader> at a bad place
[15:12:11] <wrbtrader> Exited all Emini ES Long @ 3633.25 --> + 0.25
[15:12:33] <wrbtrader> dumped it
[15:12:57] <wrbtrader> didn't trust the price action to keep pushing higher
[15:45:06] <wrbtrader> Shorts Emini ES @ 3629.00 -> large size
[15:45:11] <wrbtrader> 10 contracts
[15:45:39] <wrbtrader> Covered all Emini ES Short @ 3630.75 --> - 1.75
[15:45:57] <wrbtrader> Long Emini ES @ 3631.50 -> large size
[15:46:06] <wrbtrader> 10 contracts chasing
[15:46:45] <wrbtrader> Exited all Emini ES Long @ 3633.25 --> + 1.75
[15:47:24] <wrbtrader> got caught by a snapback Up but intuition into a chaser on the momentum
[15:48:01] <wrbtrader> VIX @ 21.70
[15:49:15] <wrbtrader> Looks like a lot of chop or bouncing around
[15:54:37] <wrbtrader> Long Emini ES @ 3633.00 -> large size
[15:54:45] <wrbtrader> 10 contracts
[15:55:45] <wrbtrader> all over the place
[15:56:00] <wrbtrader> Exited all Emini ES Long @ 3633.75 --> + 0.75
[15:56:13] <wrbtrader> trail stop picked
[15:56:48] <wrbtrader> rodeo ride in the price action
[15:58:42] <wrbtrader> Shorts Emini ES @ 3631.50 -> large size
[15:58:54] <wrbtrader> 10 contracts intuition
[15:59:39] <wrbtrader> Covered all Emini ES Short @ 3633.00 --> - 1.5
[16:02:36] <wrbtrader> Long Emini ES @ 3633.00
[16:02:41] <wrbtrader> 10 contracts
[16:04:50] <wrbtrader> Exited all Emini ES Long @ 3633.50 --> + 0.5
[16:06:18] <wrbtrader> crazy price action...couldn't hold any trade in that rodeo ride except for one trail pick
[16:06:28] <wrbtrader> Take care and see all tomorrow
Session Close

Bloomberg Markets: The Close' Full Show (11/24/2020) @ https://www.bloomberg.com/news/videos/2020-11-25/-bloomberg-markets-the-close-full-show-11-24-2020-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.


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:

CME Emini Futures EMD, ES and NQ

CME Emini RTY Futures (formerly ICE TF)

CBOT mini-sized Dow Futures YM

Micro E-mini Futures MES, MNQ, MYM and M2K

Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Euronext Futures FTSE-100 and CAC-40

CME Futures EuroFX 6E and EC

Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen, Usd/Cad, Xau/Usd and Xag/Usd

Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BZ/BRN, e-miNY QM and Natural Gas NG

COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

S&P CNX NIFTY Futures

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

TheStrategyLab Review about Dr. Dean Handley @ http://www.thestrategylab.com/dr-dean-handley-review.htm

Rebuttal to Mr. Emmett Moore Jr. via TheStrategyLab.com Review @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3167

Review of Emmett Moore Jr. Tradingschools @ http://www.thestrategylab.com/emmett-moore-jr-tradingschools-review.htm

The Strategy Lab: Valforex - The Manipulative Review Scam @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=84&t=3676

TheStrategyLab Review @ http://www.thestrategylab.com/thestrategylab-reviews.htm

Where did wrbtrader go? | Elite Trader @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=161&t=2844

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
@ http://twitter.com/wrbtrader @ http://stocktwits.com/wrbtrader
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