##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 (06/17/2020) @ https://www.bloomberg.com/news/videos/2020-06-17/-bloomberg-the-open-full-show-6-17-2020-video

[09:30:14] * Now talking in ##TheStrategyLab
[09:30:56] <wrbtrader> Good morning
[09:31:07] <asuni> Good Morning
[09:31:53] <wrbtrader> asuni...you mainly focus on trend or both range / trend
[09:32:07] <asuni> Both
[09:32:20] <wrbtrader> Ok...I do that to
[09:34:35] <wrbtrader> Shorts Emini ES @ 3124.75 -> large size
[09:34:41] <wrbtrader> 10 contracts
[09:35:14] <wrbtrader> price action moving down the range of its most recent Long Lower Shadow interval
[09:35:20] <wrbtrader> with chop
[09:35:38] <wrbtrader> Covered all Emini ES Short @ 3123.75 --> + 1
[09:35:50] <wrbtrader> Shorts Emini ES @ 3124.50 -> large size
[09:36:02] <wrbtrader> 10 contracts re-entry
[09:36:12] <wrbtrader> prior trade - trail stop hit
[09:37:05] <wrbtrader> WRB pt1 reached
[09:38:41] <asuni> This is exactly the type of price action where i have more difficulties: short bias but very large congestion phase, can't able to find when to enter and where to put my stop loss
[09:39:15] <wrbtrader> Covered all Emini ES Short @ 3118.00 --> + 6.5
[09:39:23] <wrbtrader> trail stop picked
[09:39:29] <asuni> Great trade for me
[09:40:12] <wrbtrader> Shorts Emini ES @ 3115.50 -> large size
[09:40:19] <wrbtrader> 10 contracts
[09:40:35] <asuni> lost it, in high of old wrb sr zone
[09:41:56] <wrbtrader> Covered all Emini ES Short @ 3115.00 --> + 0.5
[09:44:23] <wrbtrader> Most days my auto stop loss upon entry is -5 points
[09:44:51] <werner1> all
[09:44:57] <asuni> werner
[09:45:21] <wrbtrader> Then as soon as the trade starts moving my way...I start moving that into a trail stop...trying to get it at least +0.25 to pay for the trade
[09:45:46] <wrbtrader> Sometimes it goes against me...I rarely let that -5 points get hit
[09:45:57] <asuni> in these last trades, after how many points did u move your stop?
[09:46:09] <asuni> to BE more .25
[09:46:50] <wrbtrader> Trades today so far...moving my trail to +0.25 was only two times
[09:48:00] <wrbtrader> The goal is to not allow the price action hit my trail...I must be able to exit the trade before the initial stop or trail stop are hit
[09:48:21] <wrbtrader> I'm around 99% good with the initial stop...not allowing it to get hit
[09:48:21] <asuni> ok
[09:49:02] <wrbtrader> In contrast, I'm about 65% good with the trail stop...not allowing it to get hit
[09:49:05] <asuni> i see, but u have a very great ability to find the "perfect" price to enter a trade
[09:49:41] <wrbtrader> I'm aggressive on my entries in volatile markets...
[09:49:45] <asuni> very envious for this ability and for your trade management
[09:49:55] <wrbtrader> I like to Short on upticks and go Long on downticks
[09:50:04] <asuni> correct, u have no fear
[09:50:14] <wrbtrader> Tougher to do when volatility is low
[09:50:34] <wrbtrader> There's an evil side to that...
[09:50:56] <wrbtrader> Sometimes its moving so fast...I end up with poor entries / chasing by several points
[09:51:20] <wrbtrader> I try hard to document those poor entries in my journal and in here
[09:51:25] <asuni> sometimes is not correct, few times is better............
[09:53:10] <asuni> yesterday i lost tons of points only for terrible trade management
[10:05:00] <wrbtrader> I left a few points on the table yesterday too due to mistakes, trade errors and one trade I shorted in error when I wanted to go Long
[10:05:35] <wrbtrader> Almost called it quits for the day after that trade involving the wrong trade direction
[10:16:23] <wrbtrader> Emini ES futrues contracted near the S area of its most recent Down WRB Hidden GAP interval
[10:16:46] <wrbtrader> Its a Supply Demand Swap Zone too
[10:17:33] <wrbtrader> Long Emini ES @ 3118.50 -> large size
[10:17:43] <wrbtrader> 10 contracts
[10:18:07] <wrbtrader> R area reached
[10:18:26] <wrbtrader> Exited all Emini ES Long @ 3119.00 --> + 0.5
[10:18:34] <wrbtrader> small WRB pt1 reached
[10:18:45] <wrbtrader> volatility spike
[10:19:13] <werner1> djeez again 50 piont candle nq 15 sec
[10:19:20] <wrbtrader> Shorts Emini ES @ 3107.00 -> large size
[10:19:27] <wrbtrader> 10 contracts
[10:19:38] <wrbtrader> Unusual volatility surge
[10:19:48] <werner1> indd
[10:20:04] <wrbtrader> most likely news related
[10:20:09] <wrbtrader> Will find out later
[10:20:51] <wrbtrader> Covered all Emini ES Short @ 3106.00 --> + 1
[10:21:08] <wrbtrader> another trail stop picked pocketed
[10:21:16] <werner1>
[10:22:09] <wrbtrader> Shorts Emini ES @ 3108.50 -> large size
[10:22:21] <wrbtrader> 10 contracts
[10:22:54] <wrbtrader> Emini NQ not able to retrace ack above its prior reaction low
[10:25:01] <werner1> Shorts Emini NQ @ 9954.25
[10:25:19] <werner1> Covered all Emini NQ Short @ 9946.25 --> + 8
[10:26:02] <wrbtrader> trailing @ profit
[10:26:49] <wrbtrader> This is a S area
[10:27:05] <wrbtrader> gotta be careful and cover when needed
[10:27:37] <wrbtrader> Covered all Emini ES Short @ 3106.00 --> + 2.5
[10:27:52] <wrbtrader> tested that 3106 too many times
[10:28:27] <wrbtrader> Shorts Emini ES @ 3106.50 -> large size
[10:28:39] <wrbtrader> 10 contracts re-entry intuition
[10:29:12] <wrbtrader> I think the big spike down was due to a shocking surprise in new Coronavirus infections in Texas
[10:29:34] <wrbtrader> I think the numbers spike an additional 15%
[10:29:47] <werner1> ok
[10:30:27] <wrbtrader> If that's what the market is reacting too...good chance it won't retrace before I can grab a 10 pointer
[10:30:57] <wrbtrader> NQ still hard to stay above its most recent reaction low
[10:31:17] <werner1> yep
[10:31:38] <wrbtrader> Covered all Emini ES Short @ 3103.25 --> + 3.25
[10:31:49] <wrbtrader> trail stop picked pocketed
[10:32:35] <asuni> rebound in area 3100 at the moment
[10:32:48] <wrbtrader> Shorts Emini ES @ 3104.00 -> large size
[10:32:58] <wrbtrader> 10 contracts re-entry
[10:33:13] <wrbtrader> My Short entries are getting lower
[10:33:35] <wrbtrader> Not a good sigh...eventually I will get nailed for a loss with that pattern of entries
[10:34:03] <wrbtrader> Covered all Emini ES Short @ 3105.50 --> - 1.5
[10:34:38] <wrbtrader> Long Emini ES @ 3109.00 -> large size
[10:34:45] <wrbtrader> 10 contracts
[10:34:52] <wrbtrader> back above the S area
[10:35:36] <wrbtrader> Exited all Emini ES Long @ 3107.25 --> - 1.75
[10:37:43] <wrbtrader> Shorts Emini ES @ 3106.75 -> large size
[10:37:52] <wrbtrader> 10 contracts
[10:37:57] <wrbtrader> range showing up
[10:38:21] <wrbtrader> Covered all Emini ES Short @ 3108.00 --> - 1.25
[10:38:53] <wrbtrader> Long Emini ES @ 3110.00 -> large size
[10:39:03] <wrbtrader> 10 contracts
[10:40:12] <wrbtrader> Exited all Emini ES Long @ 3110.00 --> 0
[10:47:30] <wrbtrader> stuck inside the range near the S area of that big Down WRB Hidden GAP interval
[10:48:05] <wrbtrader> In contrast, Emini NQ is higher near the R area of the same big Down WRB Hidden GAP interval
[10:48:09] <werner1> Shorts Emini NQ @ 9980.25
[10:48:19] <werner1> Covered all Emini NQ Short @ 9976.50 --> + 3.75
[10:55:54] <wrbtrader> Long Emini ES @ 3118.50 -> large size
[10:56:02] <wrbtrader> 10 contracts
[10:56:14] <wrbtrader> Its trying to take out the R area
[10:56:35] <wrbtrader> Exited all Emini ES Long @ 3119.00 --> + 0.5
[10:56:52] <wrbtrader> bad chaser
[10:57:07] <wrbtrader> got in when it was at a WRB
[10:57:53] <wrbtrader> Shorts Emini ES @ 3117.25 -> large size
[10:58:02] <wrbtrader> 10 contracts
[10:59:25] <wrbtrader> Covered all Emini ES Short @ 3115.00 --> + 2.25
[11:00:14] <wrbtrader> should have held that one longer
[11:00:28] <wrbtrader> down to the 3114.00
[11:01:06] <wrbtrader> Shorts Emini ES @ 3116.00 -> large size
[11:01:13] <wrbtrader> 10 contracts re-entry
[11:01:37] <wrbtrader> intuition
[11:02:44] <wrbtrader> Covered all Emini ES Short @ 3111.75 --> + 4.25
[11:03:18] <wrbtrader> not a WRB pt1
[11:03:26] <wrbtrader> early exit
[11:19:12] <werner1> Shorts Emini NQ @ 9995.50
[11:20:07] <werner1> Covered all Emini NQ Short @ 9987.50 --> + 8
[11:21:38] <werner1> Shorts Emini NQ @ 9984.25
[11:22:04] <werner1> Covered all Emini NQ Short @ 9978.25 --> + 6
[11:22:52] <werner1> sissy exit
[11:34:57] <wrbtrader> Emini NQ is back near that R area of the big Down WRB Hidden GAP interval eventhough has already been filled
[11:35:20] <wrbtrader> Yet, its still valid because its not filled in Emini ES futures
[11:46:52] <wrbtrader> I've seen the current price action recently before
[11:47:03] <wrbtrader> not sure what trading day
[12:15:21] <wrbtrader> Shorts Emini ES @ 3114.50 -> large size
[12:15:25] <wrbtrader> 10 contracts
[12:15:37] <wrbtrader> testing the S area of the contracting volatility
[12:16:02] <wrbtrader> chopping around
[12:16:35] <wrbtrader> Covered all Emini ES Short @ 3116.50 --> - 2
[12:16:57] <werner1> ok done ..take care ..cya
[12:18:05] <wrbtrader> Shorts Emini ES @ 3115.50 -> large size
[12:18:13] <wrbtrader> 10 contracts re-entry
[12:18:26] <wrbtrader> ouuch
[12:19:33] <wrbtrader> Covered all Emini ES Short @ 3113.75 --> + 1.75
[12:19:43] <wrbtrader> small WRB pt1 reached
[12:19:59] <wrbtrader> be right back
[13:12:23] <wrbtrader> Shorts Emini ES @ 3125.25 -> large size
[13:12:27] <wrbtrader> 10 contracts
[13:14:16] <wrbtrader> Covered all Emini ES Short @ 3124.50 --> + 0.75
[13:14:28] <wrbtrader> tiny WRB pt1 reached
[13:14:42] <wrbtrader> had to take it and not get greedy
[13:14:46] <wrbtrader> be right back
[15:10:27] <wrbtrader> flag like price action forming
[15:10:47] <wrbtrader> Shorts Emini ES @ 3113.00 -> large size
[15:10:52] <wrbtrader> 10 contracts
[15:11:07] <wrbtrader> breakdown of the flag price action
[15:11:55] <wrbtrader> Covered all Emini ES Short @ 3113.25 --> - 0.25
[15:12:09] <wrbtrader> Shorts Emini ES @ 3113.50 -> large size
[15:12:17] <wrbtrader> 10 contracts
[15:12:29] <wrbtrader> re-entry after the quick shake out
[15:12:58] <wrbtrader> price action moving down the Long Lower Shadow interval
[15:14:52] <wrbtrader> Covered all Emini ES Short @ 3112.75 --> + 0.75
[15:15:15] <wrbtrader> a S area started forming
[15:16:23] <wrbtrader> Long Emini ES @ 3115.75 -> large size
[15:16:39] <wrbtrader> WTF
[15:16:59] <wrbtrader> Exited all Emini ES Long @ 3115.00 --> - 0.75
[15:17:24] <wrbtrader> it didn't hit that tick
[15:17:46] <wrbtrader> Shorts Emini ES @ 3111.50 -> large size
[15:17:54] <wrbtrader> 10 contracts
[15:18:31] <wrbtrader> Covered all Emini ES Short @ 3113.00 --> - 1.5
[15:18:45] <wrbtrader>
[15:19:36] <wrbtrader> Shorts Emini ES @ 3112.25 -> large size
[15:19:51] <wrbtrader> gotta be careful here
[15:22:11] <wrbtrader> Covered all Emini ES Short @ 3111.50 --> + 0.75
[15:22:21] <wrbtrader> trail stop picked
[15:23:06] <wrbtrader> Shorts Emini ES @ 3109.50 -> large size
[15:23:26] <wrbtrader> 10 contracts re-entry
[15:24:16] <wrbtrader> WRB pt1 reached
[15:24:21] <wrbtrader> volatility increasing
[15:27:06] <wrbtrader> I'm now expecting another volatility spike...news related
[15:27:24] <wrbtrader> trailing @ profit
[15:29:15] <wrbtrader> Covered all Emini ES Short @ 3103.75 --> + 5.75
[15:29:22] <wrbtrader> trail stop picked
[15:30:34] <wrbtrader> Shorts Emini ES @ 3102.00 -> large size
[15:30:44] <wrbtrader> 10 contracts re-entry
[15:31:10] <wrbtrader> Covered all Emini ES Short @ 3102.50 --> - 0.5
[15:31:33] <wrbtrader> Shorts Emini ES @ 3103.50 -> large size
[15:31:40] <wrbtrader> 10 contracts
[15:33:15] <wrbtrader> Covered all Emini ES Short @ 3103.25 --> + 0.25
[15:33:21] <wrbtrader> trail stop picked
[15:37:15] <wrbtrader> Long Emini ES @ 3108.50 -> large size
[15:37:23] <wrbtrader> 10 contracts
[15:38:06] <wrbtrader> Exited all Emini ES Long @ 3107.50 --> - 1
[15:41:24] <wrbtrader> Shorts Emini ES @ 3104.00 -> large size
[15:41:35] <wrbtrader> 10 contracts
[15:41:41] <wrbtrader> getting whipsawed here
[15:43:13] <wrbtrader> volatility spike but not what I expected earlier
[15:43:32] <wrbtrader> WRB pt1 reached
[15:43:51] <wrbtrader> Market Breadth declinging still
[15:45:14] <wrbtrader> Covered all Emini ES Short @ 3099.50 --> + 4.5
[15:45:28] <wrbtrader> trail stop picked
[15:50:42] <wrbtrader> Long Emini ES @ 3100.50 -> small size
[15:50:45] <wrbtrader> 3 contracts
[15:50:52] <wrbtrader> choppy
[15:51:01] <wrbtrader> gotta be careful here
[15:54:27] <wrbtrader> Exited all Emini ES Long @ 3104.75 --> + 4.25
[15:56:01] <wrbtrader> volatility slowed down...killed that prior Short position and allowed the price action to find new Support level
[15:58:42] <wrbtrader> No possible setup here
[15:58:58] <wrbtrader> Take care all...see all tomorrow
Session Closed

Bloomberg Markets: The Close' Full Show (06/17/2020) @ https://www.bloomberg.com/news/videos/2020-06-17/-bloomberg-markets-the-close-full-show-6-17-2020-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
@ https://www.tradingview.com/u/wrbtrader

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