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 Post subject: January 4th Mon - #futures #forex #stocks #trading
 Post Posted: Mon Jan 04, 2021 1:25 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3017
Location: Canada
010421-TheStrategyLab-Key-Markets.png [ 3.23 MiB | Viewed 2 times ]

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

Bloomberg Markets: The Open Full Show (01/04/2021) @ https://www.bloomberg.com/news/videos/2021-01-05/-bloomberg-the-open-full-show-01-04-2021-video

[09:21:56] * Now talking in ##TheStrategyLab
[09:22:25] <asuni> Good Morning wrbtrader and happy new year!
[09:22:44] <wrbtrader> Happy New Year and good morning too
[09:23:14] <wrbtrader> Statistically - January is one of the most volatile price action months of the year.
[09:23:34] <wrbtrader> Yet, the last few years have been almost "normal" volatility
[09:23:50] <wrbtrader> Maybe this January will get back above its mean
[09:36:34] <wrbtrader> Shorts Emini ES @ 3746.25 -> large size
[09:36:38] <Tigerman______> gm all
[09:36:43] <wrbtrader> 10 contracts intuition
[09:36:54] <Tigerman______> Happy new Year all good 2021
[09:37:13] <Tigerman______> I did some fast short in this open
[09:37:40] <Tigerman______> good volatility ... just dont wanna spoil profits
[09:37:51] <Tigerman______> a bit contracting now
[09:38:24] <wrbtrader> Covered all Emini ES Short @ 3745.75 --> + 0.5
[09:38:28] <Tigerman______> ES NQ close gaps
[09:39:33] <wrbtrader> Shorts Emini ES @ 3744.50 -> large size
[09:39:43] <wrbtrader> 10 contracts intuition
[09:40:25] <Tigerman______> SH mES 3743
[09:40:36] <wrbtrader> Covered all Emini ES Short @ 3742.25 --> + 2.25
[09:40:43] <Tigerman______> not filled a bit higher
[09:40:43] <wrbtrader> trail stop picked
[09:40:56] <Tigerman______> simply it rolled down fast
[09:41:34] <Tigerman______> exit all mES @ 3741.25 +1.75
[09:41:55] <Tigerman______> I reduce my risk with mES now
[09:42:42] <Tigerman______> I can switch again to ES if vola increase
[09:49:37] <wrbtrader> Shorts Emini ES @ 3744.25 -> large size
[09:49:40] <wrbtrader> 10 contracts intuition
[09:51:20] <Tigerman______> sh mES 3741
[09:51:29] <Tigerman______> a bit late x me here
[09:51:56] <Tigerman______> exit all @ 3740 +1
[09:52:04] <wrbtrader> Covered all Emini ES Short @ 3738.00 --> + 6.25
[09:52:06] <Tigerman______> too tight trail
[09:52:16] <wrbtrader> had a WRB pt1 but lost it
[09:52:25] <Tigerman______> infact it reached a nice wrb pt1 @ 3738
[09:52:44] <wrbtrader> Volatility came in and I thought it would go lower...held longer because of that
[09:52:57] <wrbtrader> now support showing up
[09:53:08] <wrbtrader> Long Emini ES @ 3741.00 -> large size
[09:53:14] <wrbtrader> 10 contracts
[09:53:19] <Tigerman______> spike in 1min reached 3737.50
[09:54:16] <wrbtrader> Exited all Emini ES Long @ 3741.75 --> + 0.75
[10:05:09] <Tigerman______> NQ doesn t help here
[10:07:35] <Tigerman______> SH mES 3735
[10:07:44] <Tigerman______> better sync now
[10:08:35] <Tigerman______> exit all mES @ 3733.75 +1.25
[10:09:14] <Tigerman______> wrb pt1 @ 3733 not able to pick up that one
[10:12:01] <Tigerman______> SH mES 3732.25
[10:12:25] <Tigerman______> exit all @ 3731.50 +.75
[10:12:41] <Tigerman______> dumb it because to contracting
[10:16:02] <wrbtrader> Long Emini ES @ 3732.50 -> small size
[10:16:07] <wrbtrader> 3 contracts
[10:16:12] <Tigerman______> sh mES 3729
[10:16:28] <Tigerman______> exit all @ 3732.25 +3.25
[10:16:30] <Tigerman______> :(
[10:16:34] <Tigerman______> trade error
[10:18:10] <wrbtrader> Exited all Emini ES Long @ 3731.00 --> - 1.5
[10:18:52] <wrbtrader> Shorts Emini ES @ 3730.00 -> small size
[10:18:59] <wrbtrader> 3 contracts
[10:19:57] <wrbtrader> Covered all Emini ES Short @ 3731.50 --> - 1.5
[10:20:09] <Tigerman______> sh mES 3730.25
[10:20:28] <Tigerman______> exit all @ 3729.25 +1
[10:20:29] <wrbtrader> Long Emini ES @ 3731.50 -> small size
[10:20:32] <wrbtrader> 3 contracts
[10:21:12] <wrbtrader> Exited all Emini ES Long @ 3730.50 --> - 1
[10:21:13] <Tigerman______> wrbtrader if you continue buy while I m short not easy x me get a profit :))
[10:21:33] <wrbtrader> It's a very tight range here
[10:21:42] <wrbtrader> about 1.75
[10:25:08] <wrbtrader> S area being tested
[10:26:00] <wrbtrader> Shorts Emini ES @ 3727.75 -> small size
[10:26:05] <wrbtrader> now broken
[10:26:15] <wrbtrader> reference to Emini NQ
[10:26:31] <wrbtrader> snapback :(
[10:26:53] <Tigerman______> sh mES 3727.50
[10:27:05] <Tigerman______> exit all @ 3726.50 +1
[10:27:25] <wrbtrader> Covered all Emini ES Short @ 3727.75 --> 0
[10:27:54] <wrbtrader> back inside the super tight trading range
[10:28:16] <Tigerman______> these are risky areas
[10:28:40] <Tigerman______> I think we need a weaker NQ now to help thje sell off
[10:28:47] <wrbtrader> Long Emini ES @ 3729.75 -> small size
[10:28:53] <wrbtrader> 3 contracts
[10:30:07] <wrbtrader> Exited all Emini ES Long @ 3729.25 --> - 0.5
[10:30:45] <wrbtrader> Shorts Emini ES @ 3727.75 -> small size
[10:30:58] <wrbtrader> 3 contracts
[10:31:13] <Tigerman______> sh mES 3727.75
[10:31:28] <Tigerman______> exit all mES @ 3727.25 +.5
[10:33:05] <Tigerman______> SH mES 3724.75
[10:33:30] <Tigerman______> exit all mES @ 3724.25 +.5
[10:33:44] <Tigerman______> a bit choppy I exit early via some fear
[10:34:00] <wrbtrader> pain in the ass tight trading range price area
[10:34:13] <Tigerman______> I hate my previous profit destroid in choppy area
[10:34:54] <wrbtrader> Covered all Emini ES Short @ 3724.50 --> + 3.25
[10:37:09] <wrbtrader> Shorts Emini ES @ 3722.75 -> small size
[10:37:22] <wrbtrader> 3 contracts re-entry
[10:37:29] <wrbtrader> poor re-entry
[10:38:16] <wrbtrader> Covered all Emini ES Short @ 3723.00 --> - 0.25
[10:40:08] <Tigerman______> meanwhile seems most countries still manage with poor risk control virus issue
[10:40:43] <Tigerman______> plus still people do not wear mask properly :(
[10:42:37] <Tigerman______> plus weak implement in digital learning
[10:43:58] <Tigerman______> absurd in a digital world with fast net for everyone
[10:44:57] <Tigerman______> SH mES 3720.75
[10:45:13] <Tigerman______> broken most recent low
[10:46:12] <Tigerman______> exit all mES @ 3717.25 +3.5
[10:46:34] <Tigerman______> wrb pt1 reached in this spike
[10:47:25] <Tigerman______> price retraced today after a new fresh market high at open
[10:48:47] <Tigerman______> just to be correct it was a market high in overnight session or EU morning session
[10:50:59] <Tigerman______> another contracting area broken here under 3716 ES
[10:53:04] <Tigerman______> VIX @ 26 now
[10:54:50] <wrbtrader> Another fast rolloever south with no re-entry :(
[10:55:21] <wrbtrader> At least it has broken out of the crazy tight trading range
[10:56:26] <Tigerman______> sh mES 3705
[10:56:31] <wrbtrader> It's very similar to the way the Eminis open the regular trading session
[10:57:05] <Tigerman______> exit all mES @ 3704.50 +.5
[10:58:52] <wrbtrader> Shorts Emini ES @ 3705.00 -> small size
[10:58:58] <wrbtrader> 3 contracts
[10:59:08] <wrbtrader> NQ strange price action
[10:59:23] <wrbtrader> Covered all Emini ES Short @ 3705.75 --> - 0.75
[10:59:39] <wrbtrader> Long Emini ES @ 3708.00 -> small size
[10:59:46] <wrbtrader> 3 contracts
[11:00:04] <wrbtrader> fast moving too
[11:00:52] <Tigerman______> FDAX rolled almost 100points since US open
[11:00:54] <wrbtrader> Exited all Emini ES Long @ 3707.00 --> - 1
[11:01:27] <wrbtrader> Shorts Emini ES @ 3703.00 -> small size
[11:01:48] <wrbtrader> 3 contracts on the S area break
[11:02:23] <wrbtrader> Covered all Emini ES Short @ 3703.50 --> - 0.5
[11:02:28] <wrbtrader> :(
[11:02:39] <wrbtrader> Shorts Emini ES @ 3702.00 -> small size
[11:02:48] <wrbtrader> 3 contracts re-entry
[11:03:08] <wrbtrader> fast price movement again
[11:03:44] <Tigerman______> wrbtrader.... good you was so fast in re-enter again
[11:03:48] <wrbtrader> Covered all Emini ES Short @ 3693.50 --> + 8.5
[11:03:58] <wrbtrader> WRB pt1 reached
[11:04:45] <wrbtrader> Re-entry was suppose to be 3703.50
[11:05:12] <wrbtrader> Worst...I was suppose to grab a fast profit at 3704.00 on the prior loser
[11:05:36] <wrbtrader> Shorts Emini ES @ 3693.50 -> small size
[11:05:50] <wrbtrader> 3 contracts re-entry
[11:07:03] <Tigerman______> VIx can jump above 27 now
[11:07:10] <Tigerman______> it did :)
[11:07:33] <wrbtrader> Covered all Emini ES Short @ 3687.75 --> + 5.75
[11:47:19] <wrbtrader> Shorts Emini ES @ 3684.50 -> small size
[11:47:28] <wrbtrader> 2 contracts
[11:48:01] <wrbtrader> Covered all Emini ES Short @ 3685.75 --> - 1.25
[11:48:47] <wrbtrader> Shorts Emini ES @ 3686.25 -> small size
[11:48:53] <wrbtrader> 2 contracts
[11:49:08] <wrbtrader> intuition
[11:50:44] <wrbtrader> Covered all Emini ES Short @ 3686.75 --> - 0.5
[11:52:31] <wrbtrader> Shorts Emini ES @ 3684.50 -> small size
[11:52:39] <wrbtrader> 3 contracts on the S area breakdown in Emini NQ
[11:53:17] <wrbtrader> WRB pt1 reached
[11:54:23] <Tigerman______> yeah strong breakdown
[11:54:42] <Tigerman______> I m in eating mode now
[11:55:42] <Tigerman______> organic bread and oil
[11:56:05] <Tigerman______> seems market moves when I m eat :)
[11:56:15] <wrbtrader> Covered all Emini ES Short @ 3674.00 --> + 10.5
[11:56:31] <wrbtrader> Finally caught +10 point move on a strong downtrend like today with very little valid trade signals
[11:57:36] <Tigerman______> yeah not amny clear entry signals x me too
[11:58:01] <Tigerman______> in contrast volatility strong enought to exploit these area breakout
[11:59:15] <wrbtrader> On trading days like today...I look for "most recent reaction highs/lows" as s/r areas for trading the breakdowns or breakouts
[12:00:04] <Tigerman______> yeah I agreed on that I do similar
[12:00:22] <Tigerman______> the issue is able to cut fast any loss at initial entry
[12:00:51] <Tigerman______> then re-enter again
[12:01:32] <Tigerman______> of course if trade action conferm it
[12:02:14] <Tigerman______> I think to many newbee and trading forum talk about entry as black and white
[12:02:50] <Tigerman______> in contrast ant entry should be viewed in actual price action
[12:06:28] <wrbtrader> Price action again in another strange very tight trading range...
[12:07:00] <wrbtrader> We know what happen in the prior two...it eventually broke out strongly on fast price movement
[12:07:54] <wrbtrader> Shorts Emini ES @ 3671.00 -> medium size
[12:08:04] <wrbtrader> 5 contracts on Emini NQ break below its S area
[12:08:36] <wrbtrader> WRB pt1 reached
[12:10:29] <wrbtrader> Covered all Emini ES Short @ 3658.50 --> + 12.5
[12:29:33] <Tigerman______> ok I finish here
[12:29:44] <Tigerman______> take care all see all next time
[13:07:16] <wrbtrader> Long Emini ES @ 3669.00 -> small size
[13:07:22] <wrbtrader> 3 contracts
[13:07:45] <wrbtrader> small WRB pt1 reached
[13:11:00] <wrbtrader> Exited all Emini ES Long @ 3673.25 --> + 4.25
Session Close

Bloomberg Markets: The Close' Full Show (01/04/2020) @ https://www.bloomberg.com/news/videos/2021-01-05/-bloomberg-markets-the-close-full-show-01-04-2021-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.

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 Qu├ębec, 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
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Phone: +1 224 307-4434
Business Hours: 8am - 5pm est (Mon - Fri)
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