##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 (12/15/2020) @ https://www.bloomberg.com/news/videos/2020-12-15/-bloomberg-the-open-full-show-12-15-2020-video

[09:29:41] * Now talking in ##TheStrategyLab
[09:46:43] <wrbtrader> Shorts Emini ES @ 3663.75 -> large size
[09:46:51] <wrbtrader> 10 contracts
[09:47:33] <wrbtrader> Covered all Emini ES Short @ 3664.50 --> - 0.75
[09:47:49] <asuni> crazy action
[09:48:15] <wrbtrader> Long Emini ES @ 3665.25 -> large size
[09:48:24] <wrbtrader> 10 contracts
[09:48:32] <wrbtrader> having problems keeping up with it
[09:49:36] <wrbtrader> Exited all Emini ES Long @ 3666.25 --> + 1
[09:50:02] <wrbtrader> A lot of strange long shadow intervals...too many
[09:50:24] <asuni> up and down
[09:54:03] <asuni> do u have a KME at 10.00 in your calendar?
[09:55:06] <wrbtrader> No
[09:55:49] <wrbtrader> Today was just 9:15am
[09:56:15] <asuni> i have "optimism index IBD/TIPP
[09:56:37] <wrbtrader> I've never heard of it or don't recognize it
[10:03:42] <asuni> around 3663
[10:05:15] <wrbtrader> Long Emini ES @ 3663.75 -> large size
[10:05:24] <wrbtrader> 10 contracts intuition
[10:06:34] <wrbtrader> Exited all Emini ES Long @ 3664.25 --> + 0.5
[10:06:42] <wrbtrader> trail stop picked
[10:07:08] <wrbtrader> looking for a re-entry but the momentum has suddenly changed
[10:11:14] <wrbtrader> I thought the vaccination news would cause strong directional price action this week...
[10:11:27] <wrbtrader> Instead, a lot of indecisive price action
[10:12:03] <asuni> waiting for tomorrow FED interest rate decision??
[10:12:23] <wrbtrader> Yes...I think so...that's the other variable
[10:12:49] <wrbtrader> Hopefully it will shake up things and well have much better volatility / price action for the remainder of the week
[10:13:26] <wrbtrader> Regardless, I feel sorry for any new trader to the Emini futures this month of December...bad timing to start trading
[10:13:31] <asuni> statistically u said that in 2 days after FED there can be a strong move correct?
[10:13:59] <wrbtrader> Correct...1 - 2 days after a FED announcement
[10:14:53] <wrbtrader> I think this one (tomorrow) will be different...
[10:15:14] <wrbtrader> I haven't seen any market hype going into this FED announcement
[10:45:59] <wrbtrader> Hilarious story out of the U.S...
[10:46:23] <wrbtrader> The government agency or company that protects the U.S. from Cyber Attacks...
[10:46:30] <wrbtrader> Itself got hacked
[10:46:40] <asuni> lol
[10:50:29] <wrbtrader> Shorts Emini ES @ 3658.00 -> large size
[10:50:35] <wrbtrader> 10 contracts
[10:50:56] <wrbtrader> Long Shadow interval failure
[10:52:03] <wrbtrader> Covered all Emini ES Short @ 3659.00 --> - 1
[10:52:13] <wrbtrader>
[10:52:43] <wrbtrader> Long Emini ES @ 3659.75 -> large size
[10:53:00] <wrbtrader> 10 contracts
[10:55:21] <wrbtrader> Exited all Emini ES Long @ 3660.25 --> + 0.5
[10:55:27] <wrbtrader> punks
[10:55:51] <wrbtrader> Long Emini ES @ 3660.50 -> large size
[10:56:03] <wrbtrader> 10 contracts re-entry
[10:58:51] <asuni> ba correlation
[10:58:57] <asuni> bad
[11:01:12] <wrbtrader> Exited all Emini ES Long @ 3659.00 --> - 1.5
[11:05:01] <wrbtrader> Shorts Emini ES @ 3657.00 -> large size
[11:05:20] <wrbtrader> 10 contracts intuition
[11:07:31] <wrbtrader> Covered all Emini ES Short @ 3653.75 --> + 3.25
[11:07:39] <wrbtrader> trail stop picked
[11:13:10] <Tigerman______> all
[11:13:21] <Tigerman______> I keep this sessiopnvery short
[11:14:06] <Tigerman______> wow this keyboard need a fix
[11:14:45] <Tigerman______> I just did some fast trades
[11:14:54] <Tigerman______> not wanna risk more
[11:15:11] <Tigerman______> action sell off now inside today s gap
[11:15:25] <wrbtrader> Shorts Emini ES @ 3678.00 -> large size
[11:15:39] <wrbtrader> Shorts Emini ES @ 3658.00 -> large size
[11:15:46] <wrbtrader> corrected
[11:15:50] <wrbtrader> 10 contracts
[11:18:36] <wrbtrader> tough trade to hold on in this price action...a trade signal that's usually a high probability setup for me
[11:19:23] <Tigerman______> problem now volatility declining now
[11:19:46] <wrbtrader> Covered all Emini ES Short @ 3660.25 --> - 2.25
[11:21:55] <wrbtrader> Shorts Emini ES @ 3659.50 -> large size
[11:22:02] <wrbtrader> 10 contracts re-entry
[11:24:09] <wrbtrader> Covered all Emini ES Short @ 3659.25 --> + 0.25
[11:25:06] <wrbtrader> Long Emini ES @ 3660.25 -> large size
[11:25:38] <wrbtrader> Exited all Emini ES Long @ 3658.25 --> - 2
[11:33:24] <wrbtrader> Long Emini ES @ 3660.00 -> large size
[11:33:44] <wrbtrader> 10 contracts re-entry
[11:33:55] <wrbtrader> stuck here in a tight trading range
[11:38:11] <wrbtrader> geeesh
[11:38:42] <wrbtrader> Not helping that the VIX is in a tight trading range too at this time
[11:40:05] <wrbtrader> breakout of the range
[11:40:55] <wrbtrader> Exited all Emini ES Long @ 3664.00 --> + 4
[11:41:10] <wrbtrader> WRB pt1 reached
[11:43:51] <Tigerman______> very good you waited more on this trade
[11:44:22] <Tigerman______> I usually dump by impatience with this slow action
[11:45:20] <asuni> very hard day
[11:45:46] <Tigerman______> yep need lot of experience in this slow action
[11:46:08] <Tigerman______> I honestly prefer fast and furious action
[11:47:48] <wrbtrader> If the VIX can breakout too...we'll get that
[11:51:44] <Tigerman______> SH ES 3662.25 sym
[11:52:49] <Tigerman______> exit all @ 3662.25 +0
[11:53:02] <asuni> need a break
[11:53:06] <Tigerman______> sym trade just to avoid ruin daily gain
[11:53:55] <Tigerman______> SH ES 3661.50
[11:54:41] <Tigerman______> exit all ES @ 3660.50 +1p
[12:07:47] <Tigerman______> take care all see next time
[12:07:59] <wrbtrader> take care
[13:38:21] <wrbtrader> Long Emini ES @ 3681.50 -> small size
[13:38:30] <wrbtrader> 3 contracts
[13:42:57] <wrbtrader> Exited Emini ES Long @ 3681.00 --> - 0.5
[13:42:57] <wrbtrader> Reverse and Enter Short Emini ES @ 3681.00
[13:46:27] <wrbtrader> Covered all Emini ES Short @ 3682.00 --> - 1
[13:46:46] <wrbtrader> should have fallen
[13:51:55] <wrbtrader> Long Emini ES @ 3681.75 -> small size
[13:52:04] <wrbtrader> 3 contracts
[13:57:33] <wrbtrader> Exited all Emini ES Long @ 3683.50 --> + 1.75
[13:57:45] <wrbtrader> trail stop picked
[16:53:40] <wrbtrader> Take care all and see all tomorrow
Session Close

Bloomberg Markets: The Close' Full Show (12/15/2020) @ https://www.bloomberg.com/news/videos/2020-12-16/-bloomberg-markets-the-close-full-show-12-15-2020-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

Phone: +1 224 307-4434
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
wrbanalysis@gmail.com (24/7)