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 Post subject: September 3rd Thurs - #futures #forex #stocks #trading
 Post Posted: Thu Sep 03, 2020 11:04 am 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 2956
Location: Canada
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090320-TheStrategyLab-Chat-Room-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 (09/03/2020) @ https://www.bloomberg.com/news/videos/2020-09-03/-bloomberg-the-open-full-show-9-3-2020-video

[09:04:34] * Now talking in ##TheStrategyLab
[09:06:14] <asuni> good morning
[09:44:29] <wrbtrader> Good morning
[09:49:26] <asuni> vix 26.78
[09:51:03] <wrbtrader> Yeah...that's good...its trying to stay above that range
[10:09:20] <wrbtrader> Shorts Emini ES @ 3546.25 -> small size
[10:09:29] <wrbtrader> 3 contracts intuition
[10:10:26] <wrbtrader> Covered all Emini ES Short @ 3546.25 --> 0
[10:13:25] <asuni> now perfectly correlated
[10:14:42] <asuni> which was your initial stop with this volatility?
[10:25:13] <wrbtrader> Intial Stop is Auto upon entry
[10:25:16] <wrbtrader> -4 points
[10:25:32] <asuni> then u move it manually?
[10:25:38] <wrbtrader> Always
[10:25:42] <asuni> k
[10:26:46] <wrbtrader> Once in awhile in a blue moon...the price action will move so fast against me upon entry...that -4 point stop loss is hit within seconds
[10:36:17] <wrbtrader> Long Emini ES @ 3526.00 -> small size
[10:36:20] <wrbtrader> 3 contracts intuition
[10:37:02] <wrbtrader> Exited all Emini ES Long @ 3524.00 --> - 2
[10:37:17] <wrbtrader> Long Emini ES @ 3526.00 -> small size
[10:37:27] <wrbtrader> 3 contracts intuition re-entry
[10:37:44] <wrbtrader> Exited all Emini ES Long @ 3524.00 --> - 2
[10:38:18] <wrbtrader> Shorts Emini ES @ 3522.50 -> small size
[10:38:27] <wrbtrader> 3 contracts
[10:39:12] <wrbtrader> should have saw that recent Long Lower Shadow intervals prior to those Long positions :(
[10:39:44] <wrbtrader> Covered all Emini ES Short @ 3514.50 --> + 8
[10:39:58] <wrbtrader> WRB pt1 reached
[10:48:11] <wrbtrader> Shorts Emini ES @ 3512.25 -> small size
[10:48:18] <wrbtrader> 3 contracts
[10:48:58] <wrbtrader> Covered all Emini ES Short @ 3505.50 --> + 6.75
[10:49:06] <wrbtrader> WRB pt1 reached
[10:49:54] <asuni> i thought today with this volatility u would trade large positions
[10:57:38] <wrbtrader> Too many personal distractions today here at home...not trading any size until later
[11:13:44] <wrbtrader> Shorts Emini ES @ 3487.00 -> small size
[11:13:51] <wrbtrader> 3 contracts
[11:14:23] <wrbtrader> Covered all Emini ES Short @ 3488.75 --> - 1.75
[11:15:09] <wrbtrader> Shorts Emini ES @ 3487.00 -> small size
[11:15:21] <wrbtrader> 3 contracts re-entry
[11:15:58] <wrbtrader> moving fast
[11:16:24] <asuni> some minutes ago i entered short, 2 seconds and i was +2
[11:17:20] <wrbtrader> Covered all Emini ES Short @ 3476.50 --> + 10.5
[11:17:28] <wrbtrader> WRB pt1 reached
[11:17:36] <wrbtrader> crazy fast moving price action
[11:17:44] <asuni> like some months ago
[11:18:00] <wrbtrader> Yep...its a warning too
[11:18:57] <asuni> nq -4.86%
[11:19:25] <asuni> -7% is the block level?
[11:20:24] <wrbtrader> It's suppose to be but always confusing
[11:20:40] <asuni> yes, i remember last time markets were not stopped
[11:20:53] <wrbtrader> something to do with a situation that happens prior to the -7%
[11:21:46] <asuni> today long work to cancel filled wrbhg
[11:24:28] <asuni> looking at charts, now little retracement, but is 13 points.......
[11:51:01] <wrbtrader> Shorts Emini ES @ 3487.50 -> small size
[11:51:08] <wrbtrader> 3 contracts
[11:52:17] <wrbtrader> Covered all Emini ES Short @ 3488.75 --> - 1.25
[11:54:26] <wrbtrader> Long Emini ES @ 3490.50 -> small size
[11:54:29] <wrbtrader> 3 contracts
[11:55:44] <wrbtrader> Exited all Emini ES Long @ 3489.00 --> - 1.5
[11:56:56] <wrbtrader> Shorts Emini ES @ 3486.00 -> small size
[11:57:07] <wrbtrader> 3 contracts
[11:57:58] <wrbtrader> Covered all Emini ES Short @ 3479.00 --> + 7
[11:58:03] <asuni> great entry
[11:58:12] <wrbtrader> WRB pt1 reached
[12:20:39] <asuni> volatility spike is arriving i presume
[12:25:32] <wrbtrader> It will be nice if it shows up during the lunch period
[12:25:47] <wrbtrader> especially when in a trade
[12:26:02] <asuni> ina trade in the right direction :-)
[12:35:05] <asuni> i think we'll see new lows
[13:25:59] <wrbtrader> Dow -783 points
[13:34:19] <wrbtrader> Shorts Emini ES @ 3454.00 -> small size
[13:34:27] <wrbtrader> 3 contracts
[13:35:31] <wrbtrader> Covered all Emini ES Short @ 3453.75 --> + 0.25
[13:38:42] <wrbtrader> Shorts Emini ES @ 3453.00 -> small size
[13:38:45] <wrbtrader> 3 contracts
[13:40:02] <wrbtrader> Covered all Emini ES Short @ 3449.75 --> + 3.25
[13:40:10] <wrbtrader> trail stop picked
[13:40:25] <wrbtrader> but still a WRB pt1
[13:44:20] <wrbtrader> Shorts Emini ES @ 3449.00 -> small size
[13:44:23] <wrbtrader> 3 contracts
[13:44:38] <wrbtrader> intuition re-entry
[13:45:15] <wrbtrader> Covered all Emini ES Short @ 3448.75 --> + 0.25
[13:45:21] <wrbtrader> trail stop picked
[13:46:18] <wrbtrader> back above the S area
[14:18:48] <wrbtrader> Shorts Emini ES @ 3448.25 -> small size
[14:18:53] <wrbtrader> 3 contracts
[14:19:24] <wrbtrader> Covered all Emini ES Short @ 3450.25 --> - 2
[14:19:56] <wrbtrader> Shorts Emini ES @ 3450.50 -> small size
[14:20:04] <wrbtrader> 3 contracts re-entry
[14:20:21] <wrbtrader> Covered all Emini ES Short @ 3451.25 --> - 0.75
[14:21:44] <wrbtrader> Shorts Emini ES @ 3451.25 -> small size
[14:21:50] <wrbtrader> 3 contracts re-entry
[14:22:51] <wrbtrader> Covered all Emini ES Short @ 3451.25 --> 0
[14:22:59] <wrbtrader> punks
[14:23:16] <wrbtrader> Shorts Emini ES @ 3450.50 -> small size
[14:23:24] <wrbtrader> 3 contracts re-entry
[14:24:28] <wrbtrader> something is going on with this Chop
[14:24:40] <wrbtrader> I'm now expecting a volatility spike here soon
[14:25:19] <wrbtrader> volatility contraction with fast chop typically leads to a volatility spike and/or strong directional price movement
[14:26:18] <wrbtrader> Covered all Emini ES Short @ 3449.00 --> + 1.5
[14:26:25] <wrbtrader> trail stop picked
[14:27:18] <wrbtrader> snapback Up
[14:27:26] <asuni> yes
[14:27:53] <asuni> we'll hae ve a better price
[14:32:22] <wrbtrader> no entry into this snapback UP :(
[14:32:38] <asuni> 1 little point
[14:37:25] <wrbtrader> contraction in the volatility
[14:37:38] <wrbtrader> R and S areas formed
[14:38:26] <wrbtrader> Long Emini ES @ 3465.00 -> large size
[14:38:29] <wrbtrader> 10 contracts
[14:39:28] <wrbtrader> Exited all Emini ES Long @ 3465.25 --> + 0.25
[14:40:19] <wrbtrader> back into that R / S area of the contracted volatility
[14:41:17] <wrbtrader> Shorts Emini ES @ 3458.25 -> large size
[14:41:22] <wrbtrader> 10 contracts
[14:41:36] <wrbtrader> small WRB pt1 reached
[14:43:34] <wrbtrader> Covered all Emini ES Short @ 3457.25 --> + 1
[14:44:16] <wrbtrader> 2 good tries at those R and S area...shaken out
[14:44:27] <asuni> 3 points in this short
[14:45:47] <asuni> closed at the open of most recent white wrbhg
[14:47:34] <asuni> i was initially short from 3462 but trail stop picked
[14:49:45] <wrbtrader> Shorts Emini ES @ 3450.00 -> small size
[14:49:52] <wrbtrader> 3 contracts
[14:50:24] <wrbtrader> Covered all Emini ES Short @ 3451.75 --> - 1.75
[14:51:07] <wrbtrader> Shorts Emini ES @ 3451.50 -> small size
[14:51:16] <wrbtrader> 3 contracts re-entry
[14:51:37] <wrbtrader> Covered all Emini ES Short @ 3453.00 --> - 1.5
[14:52:51] <wrbtrader> Shorts Emini ES @ 3450.75 -> small size
[14:52:56] <wrbtrader> 3 contracts re-entry
[14:54:10] <wrbtrader> Covered all Emini ES Short @ 3447.25 --> + 3.5
[14:54:23] <wrbtrader> trail stop picked but as a WRB pt1
[14:56:54] <wrbtrader> now it rolls over southward :(
[14:59:56] <wrbtrader> Shorts Emini ES @ 3441.25 -> small size
[15:00:02] <wrbtrader> 3 contracts
[15:00:21] <wrbtrader> Covered all Emini ES Short @ 3443.00 --> - 1.75
[15:00:39] <wrbtrader> Shorts Emini ES @ 3441.25 -> small size
[15:00:46] <wrbtrader> 3 contracts re-entry
[15:01:17] <wrbtrader> snapbacks have been brutal because of the chop
[15:01:45] <wrbtrader> Dow -923 points
[15:02:01] <wrbtrader> rolled the dice it will go _1000
[15:02:04] <wrbtrader> -1000
[15:02:34] <wrbtrader> consecutive intervals with Long Upper Shadow intervals
[15:05:52] <wrbtrader> now Long Lower Shadow intervals
[15:06:06] <wrbtrader> confusing price action :(
[15:07:13] <wrbtrader> Covered all Emini ES Short @ 3437.50 --> + 3.75
[15:07:31] <wrbtrader> trail stop picked but still a WRB pt1 reached
[15:08:56] <asuni> in 60 min chart there is a candle with a range of 80 points
[15:30:00] <wrbtrader> Shorts Emini ES @ 3429.25 -> small size
[15:30:08] <wrbtrader> 3 contracts
[15:30:44] <wrbtrader> Covered all Emini ES Short @ 3429.50 --> - 0.25
[15:32:45] <wrbtrader> Shorts Emini ES @ 3431.25 -> large size
[15:32:49] <wrbtrader> 10 contracts
[15:33:28] <wrbtrader> Covered all Emini ES Short @ 3431.00 --> + 0.25
[15:33:34] <wrbtrader> punks
[15:34:06] <wrbtrader> Shorts Emini ES @ 3431.25 -> large size
[15:34:16] <wrbtrader> 10 contracts re-entry
[15:35:11] <wrbtrader> Dow -1009
[15:35:28] <wrbtrader> Covered all Emini ES Short @ 3430.25 --> + 1
[15:35:37] <wrbtrader> trail stop picked
[15:35:42] <wrbtrader> didn't have a chance :(
[15:35:48] <wrbtrader> wild chop
[15:41:39] <wrbtrader> The price action was contracted...
[15:42:16] <wrbtrader> I bumped up the position size to exploit a breakout...didn't work...it just continue chopping around
[15:49:09] <wrbtrader> b.s. rollover to the south
[16:05:41] <wrbtrader> Market quickly fixed that rollover to the south :)
[16:05:59] <wrbtrader> Unfortunately, no trade signal to get a Long position
[16:06:23] <wrbtrader> Take care all and see all tomorrow
Session Close

-----------------------

##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 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
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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