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 Post subject: December 9th Weds - #futures #forex #stocks #trading
 Post Posted: Wed Dec 09, 2020 1:23 pm 
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Trader / Forum Admin

Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
Attachment:
120920-TheStrategyLab-Key-Markets.png
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click on the above image to view today's price action of key markets

Bloomberg Markets: The Open Full Show (12/09/2020) @ https://www.bloomberg.com/news/videos/2020-12-09/-bloomberg-the-open-full-show-12-9-2020-video

[08:22:27] * Now talking in ##TheStrategyLab
[08:51:16] <asuni> good morning wrbtrader
[08:52:06] <wrbtrader> Long Emini ES @ 3707.50 -> large size
[08:53:26] <wrbtrader> Some @ 3707.50 and 3707.75 for a total of 20 contracts
[09:13:05] <wrbtrader> Exited 1/2 Emini ES Long @ 3707.75 --> + 0.25
[09:29:50] <wrbtrader> Exited Remainder Emini ES Long @ 3708.00 --> + 0.5
[09:41:00] <asuni> it seems another hard day
[09:41:25] <asuni> but with more volatility
[09:45:47] <wrbtrader> Yesterday the VIX broke below a key S area and is continuing lower today :(
[09:46:00] <asuni> not a good news
[09:46:05] <wrbtrader> Simply, expect trading to become more difficult
[09:46:48] <wrbtrader> I had my first losing trading day yesterday in a very long time late as the result of late afternoon trading when the VIX broke below that key S area
[09:46:48] <Tigerman______> gm all
[09:47:03] <wrbtrader> Not eager to repeat yesterday in my trading
[09:47:57] <Tigerman______> yeah VIX around 20 area
[09:48:19] <Tigerman______> I recall when I traded with VIX around 8 !!!!!!!!!!!!!!!!!!!
[09:48:26] <Tigerman______> nightmare
[09:49:41] <wrbtrader> Shorts Emini ES @ 3707.50 -> large size
[09:49:51] <wrbtrader> 10 contracts
[09:51:30] <Tigerman______> the real word to describe these days markets .... drunked !!
[09:51:44] <wrbtrader> Covered all Emini ES Short @ 3708.50 --> - 1
[09:53:00] <Tigerman______> drunked = drunk of course :)
[09:53:35] <wrbtrader> Shorts Emini ES @ 3707.75 -> large size
[09:53:41] <wrbtrader> 15 contracts
[09:58:06] <Tigerman______> lg mES 3708.75
[09:59:34] <Tigerman______> exit all @ 370875 sym trade
[10:04:20] <wrbtrader> Covered all Emini ES Short @ 3704.50 --> + 3.25
[10:04:31] <wrbtrader> WRB pt1 reached
[10:04:36] <wrbtrader> crazy price action
[10:04:45] <wrbtrader> bouncing all over the place
[10:04:50] <asuni> agree
[10:05:05] <Tigerman______> yeah usually price choppy and snapback fast
[10:06:11] <Tigerman______> simply this is the worst price action x everyone ... plus newbee are shake out
[10:06:47] <Tigerman______> lg mES 3706
[10:09:20] <Tigerman______> exit all @3705.75 - .25
[10:09:26] <Tigerman______> experiment trades
[10:10:08] <wrbtrader> Shorts Emini ES @ 3704.50 -> small size
[10:10:11] <wrbtrader> 3 contracts
[10:11:46] <wrbtrader> WRB pt1 reached
[10:13:25] <wrbtrader> Covered all Emini ES Short @ 3696.00 --> + 8.5
[10:48:02] <Tigerman______> ok just did some test plus smal real size in mES
[10:48:23] <Tigerman______> not great vola so I prevnt to loss
[10:48:45] <Tigerman______> I exit here before temptedto do some illy trades
[10:48:50] <Tigerman______> take care all see next time
[10:48:58] <asuni> bye
[11:01:09] <wrbtrader> Shorts Emini ES @ 3698.00 -> small size
[11:01:12] <wrbtrader> 3 contracts
[11:01:57] <wrbtrader> Due to the change in volatility conditions the past week...
[11:02:49] <wrbtrader> I'm going to go back to small size only in the "afternoon trading session" after yesterday's difficulties in the afternoon.
[11:03:37] <wrbtrader> WRB pt1 reached
[11:03:47] <wrbtrader> Covered all Emini ES Short @ 3695.25 --> + 2.75
[11:54:20] <wrbtrader> Long Emini ES @ 3694.00 -> small size
[11:54:23] <wrbtrader> 3 contracts
[11:57:41] <wrbtrader> Exited all Emini ES Long @ 3697.25 --> + 3.25
[12:04:37] <wrbtrader> Shorts Emini ES @ 3695.50 -> small size
[12:04:44] <wrbtrader> 3 contracts
[12:06:48] <wrbtrader> Covered all Emini ES Short @ 3694.75 --> + 0.75
[12:06:57] <wrbtrader> trail stop picked
[12:07:53] <wrbtrader> Shorts Emini ES @ 3694.25 -> small size
[12:08:02] <wrbtrader> 3 contracts
[12:08:35] <wrbtrader> Covered Emini ES Short @ 3695.25 --> - 1
[12:08:35] <wrbtrader> Reverse and Enter Long Emini ES @ 3695.25
[12:08:52] <wrbtrader> snapback Up
[12:10:20] <wrbtrader> Exited all Emini ES Long @ 3695.50 --> + 0.25
[12:30:30] <wrbtrader> Shorts Emini ES @ 3691.50 -> small size
[12:30:42] <wrbtrader> 3 contracts
[12:35:56] <wrbtrader> Covered all Emini ES Short @ 3689.00 --> + 2.5
[12:36:03] <wrbtrader> WRB pt1 reached
[13:12:18] <wrbtrader> Shorts Emini ES @ 3683.75 -> small size
[13:12:28] <wrbtrader> 3 contracts
[13:15:41] <wrbtrader> Covered all Emini ES Short @ 3681.00 --> + 2.75
[13:17:12] <asuni> i just wrote in private chat
* Retrieving ##TheStrategyLab modes...
[13:45:40] <wrbtrader> Shorts Emini ES @ 3671.25 -> small size
[13:45:48] <wrbtrader> 3 contracts intuition
[13:46:35] <wrbtrader> Covered all Emini ES Short @ 3672.25 --> - 1
[13:47:24] <wrbtrader> Shorts Emini ES @ 3672.25 -> small size
[13:47:34] <wrbtrader> 3 contracts re-entry
[13:47:47] <wrbtrader> jumpy price action
[13:48:47] <wrbtrader> Covered all Emini ES Short @ 3671.00 --> + 1.25
[13:49:01] <wrbtrader> not a WRB pt1
[13:49:06] <wrbtrader> early exit
[13:49:24] <wrbtrader> price action getting more jumpy
[13:52:55] <wrbtrader> Shorts Emini ES @ 3668.25 -> small size
[13:53:09] <wrbtrader> 3 contracts chasing
[13:54:22] <wrbtrader> Covered all Emini ES Short @ 3668.00 --> + 0.25
[13:54:31] <wrbtrader> trail stop picked
[13:54:53] <wrbtrader> :(
-
[14:17:08] * Now talking in ##TheStrategyLab
[14:20:08] <wrbtrader> Long Emini ES @ 3667.25 -> small size
[14:20:15] <wrbtrader> 3 contracts
[14:21:56] <wrbtrader> now I see a problem with this trade :(
[14:22:45] <wrbtrader> Exited all Emini ES Long @ 3669.50 --> + 2.25
[14:22:48] <wrbtrader> lucky profit
[14:44:05] <wrbtrader> Shorts Emini ES @ 3663.25 -> small size
[14:44:12] <wrbtrader> 3 contracts
[14:45:04] <wrbtrader> Covered all Emini ES Short @ 3665.00 --> - 1.75
[14:46:25] <wrbtrader> Long Emini ES @ 3666.25 -> small size
[14:46:35] <wrbtrader> 3 contracts
[14:47:34] <wrbtrader> Exited all Emini ES Long @ 3668.25 --> + 2
[14:47:41] <wrbtrader> choppy again
[14:48:28] <wrbtrader> Long Emini ES @ 3665,25 -> small size
[14:48:37] <wrbtrader> 3 contracts intuition
[14:49:39] <wrbtrader> Exited all Emini ES Long @ 3666.75 --> + 3666.75 - 3665,25
[14:50:36] <wrbtrader> +1.50
[14:50:41] <wrbtrader> still choppy
[14:51:33] <wrbtrader> Shorts Emini ES @ 3664.50 -> small size
[14:51:42] <wrbtrader> 3 contracts intuition
[14:53:39] <wrbtrader> Covered all Emini ES Short @ 3664.00 --> + 0.5
[14:54:01] <wrbtrader> early exit
[15:29:31] <wrbtrader> Long Emini ES @ 3661.00 -> small size
[15:29:34] <wrbtrader> 3 contracts
[15:33:55] <wrbtrader> Exited all Emini ES Long @ 3663.00 --> + 2
[15:37:26] <wrbtrader> Long Emini ES @ 3665.00 -> small size
[15:37:30] <wrbtrader> 3 contracts
[15:44:43] <wrbtrader> Exited all Emini ES Long @ 3672.50 --> + 7.5
[15:44:59] <wrbtrader> WRB pt2 reached
[15:49:04] <wrbtrader> Shorts Emini ES @ 3669.25 -> small size
[15:49:09] <wrbtrader> 3 contracts
[15:49:59] <wrbtrader> Covered all Emini ES Short @ 3670.00 --> - 0.75
[15:50:06] <wrbtrader> just got choppy
[15:50:46] <wrbtrader> Shorts Emini ES @ 3671.25 -> small size
[15:50:59] <wrbtrader> 3 contracts re-entryy
[15:52:32] <wrbtrader> Covered all Emini ES Short @ 3670.50 --> + 0.75
[15:52:52] <wrbtrader> Shorts Emini ES @ 3671.00 -> small size
[15:52:58] <wrbtrader> 3 contracts re-entry
[15:53:31] <wrbtrader> Covered Emini ES Short @ 3672.25 --> - 1.25
[15:53:31] <wrbtrader> Reverse and Enter Long Emini ES @ 3672.25
[15:53:41] <wrbtrader> trying to Short Squeeze
[15:55:57] <wrbtrader> WRB pt1 reached
[15:56:18] <wrbtrader> Exited all Emini ES Long @ 3678.00 --> + 5.75
[15:57:22] <wrbtrader> Good trading day only because volatility had greatly improved today in comparison to yesterday
[15:57:47] <wrbtrader> Yet, it didn't look good at the Open when volatility gapped down on the Open
[15:58:10] <wrbtrader> but it started to fight to go upwards and did many breakouts
[15:58:29] <wrbtrader> Take care all and see you tomorrow
Session Close

Bloomberg Markets: The Close' Full Show (12/09/2020) @ https://www.bloomberg.com/news/videos/2020-12-09/-bloomberg-markets-the-close-full-show-12-08-2020-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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