##TheStrategyLab Price Action Chat Room Logs
http://www.thestrategylab.com/ftchat/forum/

January 6th Weds - #futures #forex #stocks #trading
http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=216&t=3538
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Author:  wrbtrader [ Wed Jan 06, 2021 11:46 am ]
Post subject:  January 6th Weds - #futures #forex #stocks #trading

Attachment:
010621-TheStrategyLab-Key-Markets.png
010621-TheStrategyLab-Key-Markets.png [ 3.38 MiB | Viewed 130 times ]

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

Bloomberg Markets: The Open Full Show (01/06/2021) @ https://www.bloomberg.com/news/videos/2021-01-06/-bloomberg-the-open-full-show-01-06-2021-video

[09:30:02] * Now talking in ##TheStrategyLab
[09:30:20] <asuni> KME 945 1000 and 1030
[09:34:24] <Tigerman______> gm all
[09:34:34] <asuni> hi Tigerman
[09:34:38] <Tigerman______> messy action I just did mixed trades
[09:34:40] <Tigerman______> hi
[09:34:44] <werner1> hi
[09:36:40] <Tigerman______> lg ES @ 3713.25
[09:36:59] <Tigerman______> exit all ES @ 3714.25 +1
[09:37:09] <Tigerman______> dump it fast
[09:37:17] <Tigerman______> lg via fast vola increase
[09:38:45] <Tigerman______> NQ seems the weaker today
[09:39:33] <wrbtrader> Shorts Emini ES @ 3712.00 -> large size
[09:39:40] <wrbtrader> 10 contracts
[09:40:32] <wrbtrader> Covered all Emini ES Short @ 3711.25 --> + 0.75
[09:40:57] <Tigerman______> I m short bias here
[09:41:18] <wrbtrader> Be careful of the Short Squeeze
[09:41:37] <Tigerman______> yeah thanks to memind that
[09:41:41] <wrbtrader> Long Emini ES @ 3714.50 -> large size
[09:41:43] <Tigerman______> remind
[09:41:48] <wrbtrader> 10 contracts
[09:43:34] <wrbtrader> :(
[09:44:04] <Tigerman______> LG mES @ 3714.50
[09:44:20] <wrbtrader> Exited all Emini ES Long @ 3715.00 --> + 0.5
[09:44:40] <Tigerman______> exit all mES @ 3715 +.50
[09:45:41] <wrbtrader> Long Emini ES @ 3716.50 -> small size
[09:45:49] <wrbtrader> 3 contracts
[09:46:19] <wrbtrader> punks
[09:46:46] <Tigerman______> lg mES 3717.75
[09:47:02] <wrbtrader> Scared me enough to cause me to lower my position size
[09:47:16] <Tigerman______> exit all mES @ 3721 +3.25 wrb pt1
[09:47:20] <wrbtrader> WRB pt1 reached
[09:47:29] <Tigerman______> yeah infact I used mES
[09:48:25] <Tigerman______> my short bias start to vanish :)
[09:48:46] <Tigerman______> now NQ seems wake up and continue up
[09:52:59] <Tigerman______> just did some fast trades as long here
[09:53:24] <Tigerman______> I ll post to documents it needs many enter to catch sometimes
[09:53:41] <wrbtrader> Exited all Emini ES Long @ 3727.25 --> + 10.75
[09:53:50] <wrbtrader> WRB pt2 reached
[09:54:23] <Tigerman______> ah meanwhile I forget you was still in trade while I enterded on off :))
[09:55:44] <Tigerman______> lg mES 3724.50
[09:55:54] <Tigerman______> exit all @ 3723.50 -1
[09:55:59] <Tigerman______> then
[09:56:22] <Tigerman______> lg mES @ 3723.50 +.5
[09:56:30] <Tigerman______> 3rd entry
[09:56:44] <Tigerman______> lg mES @ 3724.25
[09:57:10] <Tigerman______> exit all mES @ 3724.75 +.5
[09:57:22] <Tigerman______> I increase my size in 3rd entry
[10:08:18] <Tigerman______> lg mES @ 3729.75
[10:08:50] <Tigerman______> exit all mES @ 3730.50 +1.25
[10:09:31] <Tigerman______> I exited too early plus a trail hit
[10:10:09] <Tigerman______> now it reached a wrb pt3 @ 3738
[10:10:20] <Tigerman______> almost 10point miss :(
[10:11:00] <Tigerman______> I ll improve in next weeks so I ll try hard to hang more
[10:11:04] <wrbtrader> Amazing how far behind Emini NQ is in comparison to Emini ES on the regular session chart
[10:11:31] <Tigerman______> yeah that was the reason I was so suspitious on my long
[10:11:33] <wrbtrader> It should have at least fill its big down gap
[10:12:39] <Tigerman______> if one shorted via that info... wow got 30 point against his entry
[10:13:03] <Tigerman______> simply we have to change or mind so fast
[10:13:11] <Tigerman______> or=our
[10:13:28] <Tigerman______> virus still hit hard
[10:13:43] <Tigerman______> UK hospitals full
[10:13:58] <Tigerman______> new variant spread very fast
[10:15:07] <Tigerman______> simply now wear a mask is mandatary
[10:15:28] <Tigerman______> a surgeon mask as minimum
[10:15:49] <Tigerman______> use more smart work and remote learning
[10:31:52] <wrbtrader> Creeper Movement Upwards still going on via those darn small intervals
[10:32:17] <wrbtrader> Very little re-entry spots to get Long again
[10:33:10] <wrbtrader> It could do this for most of the day until Emini NQ catches up on the regular session chart to fill its Big Down Gap :(
[10:46:37] <werner1> did so many trades ...to much to post......at the end breakeven here :(
[10:47:02] <werner1> ok take care ...cya all
[10:47:19] <Tigerman______> bye
[10:54:58] <Tigerman______> if you don t call it creeper up today so when :))
[11:10:51] <wrbtrader> I am disappointed...I expected more volatility today than yesterday after the Georgia election although theres still one undecided seat
[11:11:23] <wrbtrader> All we got was a very strong Directional Creeper Movement price action :(
[11:26:50] <wrbtrader> Long Emini ES @ 3764.50 -> small size
[11:26:59] <wrbtrader> 3 contracts
[11:28:35] <wrbtrader> Exited all Emini ES Long @ 3763.25 --> - 1.25
[11:29:03] <wrbtrader> Hopefully it can snapback up for a re-entry
[11:29:41] <wrbtrader> Long Emini ES @ 3764.00 -> small size
[11:29:46] <wrbtrader> 3 contracts re-entry
[11:30:09] <wrbtrader> Exited all Emini ES Long @ 3763.00 --> - 1
[11:30:34] <wrbtrader> Long Emini ES @ 3764.25 -> small size
[11:30:39] <wrbtrader> 3 contracts re-entry
[11:30:50] <wrbtrader> very tight range
[11:33:39] <wrbtrader> Exited all Emini ES Long @ 3763.25 --> - 1
[11:34:14] <wrbtrader> S area break
[11:34:35] <wrbtrader> Shorts Emini ES @ 3760.50 -> medium size
[11:34:37] <wrbtrader> 5 contracts
[11:36:54] <wrbtrader> WRB pt1 reached
[11:37:23] <wrbtrader> Covered all Emini ES Short @ 3756.00 --> + 4.5
[12:01:24] <wrbtrader> Long Emini ES @ 3760.25 -> small size
[12:01:27] <wrbtrader> 1 contract
[12:02:55] <wrbtrader> Exited Emini ES Long @ 3762.00 --> + 1.75
[12:03:06] <wrbtrader> small WRB pt1 reached
[12:06:36] <Tigerman______> take care all see next time
[12:31:20] <wrbtrader> be right back
-
[12:36:32] * Now talking in ##TheStrategyLab
[13:07:49] <Donnin__________> would you join the room wrb?
[13:08:11] <Donnin__________> and add some input
[13:08:51] <Donnin__________> or just watch if you like
[13:18:56] <wrbtrader> Sorry...something doesn't make sense...
[13:19:04] <wrbtrader> What room are you talking about ?
[13:20:12] <wrbtrader> If you're talking about another "chat room"...I can not multi task like that from this chat room and trading
[13:20:20] <wrbtrader> Simply, too many chat rooms
[15:59:54] <wrbtrader> Not very good price action after the U.S. Capitol Hill was stormed by 30,000 protestors...incited by Trump
[16:00:08] <wrbtrader> Crazy shit happeninning in the U.S. Capital
[16:01:02] <wrbtrader> Take care and see all tomrrow and if you trade overnight...should be a big volatile price movement tonight
Session Close

Bloomberg Markets: The Close' Full Show (01/06/2020) @ https://www.bloomberg.com/news/videos/2021-01-07/-bloomberg-markets-the-close-full-show-01-06-2021-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.

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

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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
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