TheStrategyLab Price Action Trading (no technical indicators)
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M.A. Perry a.k.a. wrbtrader (more info about me):
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@ http://www.thestrategylab.com/Disclaimer.htmAttachment:
031720-TheStrategyLab-Chat-Room-Key-Markets.png [ 4.83 MiB | Viewed 241 times ]
click on the above image to view today's price action of key markets Bloomberg Markets: The Open Full Show (03/17/2020)
@ https://www.bloomberg.com/news/videos/2020-03-17/-bloomberg-the-open-full-show-3-17-2020-video [09:33:04] * Now talking in ##TheStrategyLab
[09:33:14] <wrbtrader> Good morning
[09:33:42] <Tigerman______>
all
[09:33:46] <Tigerman______> hi wrbtrader
[09:33:54] <Tigerman______> fast action
[09:33:57] <Tigerman______> at open
[09:34:08] <Tigerman______> not clear direction
[09:37:57] <Tigerman______> SH ES 2411
[09:38:21] <Tigerman______> exit 1/2 @ 2409.75 + 1.25
[09:38:39] <Tigerman______> exit all @ 2407 +4
[09:39:08] <Tigerman______> good wrb pt1 @ 2403 just exited too early via fear retrace back
[09:39:40] <Tigerman______> my goal is to be fast and not let stupid trade taken or stop larger
[09:42:13] <Tigerman______> downmove inside the gap
[09:57:56] <Tigerman______> here can develop some supports
[10:07:13] <Tigerman______> stop catch are brutal these days
[10:07:49] <Tigerman______> low liquidity give me bad fill expecially on mES where I do my fast trades
[10:08:31] <Tigerman______> here support developed just they stop me out x a small profit before running up without me
[10:11:06] <wrbtrader> Sorry...was on an international phone call
[10:11:37] <wrbtrader> Just found out a distant cousin of mine in France tested positive for the Corona Virus
[10:12:27] <wrbtrader> The person that takes care of my house in South France while I'm living here in Quebec, Canada
[10:13:12] <wrbtrader> He was on a trip in Italy with his girlfriend and then tested positive when he was not feeling well when he returned back to France
[10:13:20] <wrbtrader> His girlfriend also tested positive
[10:14:14] <wrbtrader> Looks like I'm going to need to hire a special cleaning crew to sterilize my home in early summer if I'm able to vacation there this summer
[10:14:35] <wrbtrader> It's a new fast growing business in Europe...
[10:14:45] <wrbtrader> People able to sterilize your home
[10:16:27] <Tigerman______> hi wrbtrader yeah sanitize is always a good thing to do... just after a while virus should be inactivated
[10:16:37] <wrbtrader> Don't know where he went but it must of been somewhere in Northern Italy...maybe the western part like Monaco area
[10:16:48] <wrbtrader> or Milan
[10:17:36] <wrbtrader> Long Emini ES @ 2405.00 -> medium size
[10:17:43] <wrbtrader> 5 contracts
[10:17:49] <Tigerman______> which reason this cousin was tested show some not good
[10:18:24] <wrbtrader> Exited all Emini ES Long @ 2408.00 --> + 3
[10:18:32] <wrbtrader> snapback
[10:18:45] <wrbtrader> trail stop picked pocketed after a great entry
[10:19:17] <wrbtrader> Wanted to dump it around 2410 but wasn't fast enough
[10:19:38] <Tigerman______> I got bad fill today all the time
[10:20:10] <Tigerman______> limit order is not filled ... in contrast market order fill some point away
[10:20:23] <wrbtrader> Shorts Emini ES @ 2404.25 -> medium size
[10:20:27] <wrbtrader> 5 contracts
[10:20:43] <wrbtrader> moving down the range of a Long Lower Shadow interval
[10:21:18] <wrbtrader> Covered all Emini ES Short @ 2403.00 --> + 1.25
[10:21:31] <wrbtrader> snapback...trail stop picked pocketed
[10:21:46] <wrbtrader> Shorts Emini ES @ 2400.00 -> medium size
[10:21:57] <wrbtrader> 5 contracts re-entry
[10:22:13] <wrbtrader> Covered all Emini ES Short @ 2403.00 --> - 3
[10:22:27] <wrbtrader> geeeesh...too fast of movement
[10:22:58] <wrbtrader> Long Emini ES @ 2412.00 -> medium size
[10:23:03] <wrbtrader> 5 contracts
[10:23:09] <wrbtrader> chasing the volatility breakout
[10:24:05] <wrbtrader> Exited all Emini ES Long @ 2413.50 --> + 1.5
[10:24:53] <wrbtrader> Shorts Emini ES @ 2412.00 -> large size
[10:24:58] <wrbtrader> 10 contracts
[10:25:28] <wrbtrader> Covered all Emini ES Short @ 2409.00 --> + 3
[10:25:44] <wrbtrader> snapback up...trail stop picked pocketed
[10:27:24] <wrbtrader> I'm looking for a re-entry but it keeps trying to go higher
[10:28:34] <wrbtrader> contracting volatility...its trying hard to spike
[10:29:09] <wrbtrader> Long Emini ES @ 2420.00 -> large size
[10:29:16] <wrbtrader> 10 contracts
[10:29:24] <wrbtrader> volatility breakout
[10:29:49] <wrbtrader> Exited all Emini ES Long @ 2423.00 --> + 3
[10:30:08] <wrbtrader> It should have pushed higher
[10:30:54] <wrbtrader> Long Emini ES @ 2423.75 -> medium size
[10:31:02] <wrbtrader> 5 contracts
[10:31:08] <wrbtrader> re-entry
[10:31:34] <wrbtrader> geeesh...volatility contracting again
[10:31:57] <wrbtrader> reason why I lowered my position size
[10:32:30] <wrbtrader> Exited all Emini ES Long @ 2424.00 --> + 0.25
[10:32:38] <wrbtrader> trail stop picked pocketed
[10:33:30] <wrbtrader> I do not see why it snapback after the contraction...it should have just gone sideways a little before snapping back down like that
[10:34:53] <Tigerman______> also got mad today
[10:35:05] <Tigerman______> almost impossible trade this stuff
[10:35:21] <Tigerman______> alsos fast as hell
[10:35:36] <wrbtrader> The super fast snapbacks aren't really jumping levels...
[10:36:05] <wrbtrader> Its the broker data not keeping up with the speed...makes it look like levels are being jumped
[10:37:24] <wrbtrader> more chop now
[10:38:40] <wrbtrader> Shorts Emini ES @ 2410.00 -> small size
[10:38:43] <wrbtrader> 3 contracts
[10:40:20] <wrbtrader> trailing @ profit but this market is easily stealing stops / trail stops today
[10:41:11] <wrbtrader> Covered all Emini ES Short @ 2409.75 --> + 0.25
[10:41:16] <wrbtrader>
[10:41:50] <Tigerman______> today without a fast trail stop loss can be giants
[10:42:30] <wrbtrader> It's chopping now...has been for about 5 minutes
[10:42:32] <Tigerman______> at this point I have to stop trading and enter only in clear signals...if any
[10:42:38] <wrbtrader> Long Upper Shadow interval
[10:43:33] <wrbtrader> Long Emini ES @ 2412.50 -> small size
[10:43:38] <wrbtrader> 3 contracts
[10:43:53] <wrbtrader> traveling up the range of the Long Upper Shadow interval
[10:44:00] <wrbtrader> trailing @ profit
[10:44:26] <wrbtrader> WRB pt1 reached
[10:44:50] <wrbtrader> May get lucky to catch the most recent reaction high
[10:45:19] <wrbtrader> It's there now
[10:45:31] <wrbtrader> Exited all Emini ES Long @ 2435.25 --> + 22.75 [10:46:15] <wrbtrader> If it wasn't for the recent chop...I could have been at 10 contracts on that trade instead of 3 contracts
[10:46:37] <wrbtrader> now a ugly snapback down
[10:46:53] <wrbtrader> Wow...chopping all over the place
[10:47:17] <wrbtrader> Long Upper Shadow interval followed by a Long Lower Shadow interval
[10:47:30] <Tigerman______> LF NQ @ 7173
[10:47:32] <wrbtrader> Killer combo for use traders
[10:47:53] <wrbtrader> whipsaw city
[10:48:25] <Tigerman______> exit all NQ @ 7195 +22[10:48:33] <wrbtrader> nice
[10:49:02] <Tigerman______> wow NQ continue up till 7220
[10:49:17] <Tigerman______> that fast retrace shake out
[10:50:04] <Tigerman______> I just report here some trades ... did more not reported too fast action wow
[10:50:26] <Tigerman______> many back to back long upper shadow in NQ now
[10:51:37] <wrbtrader> Shorts Emini ES @ 2421.00 -> small size
[10:51:40] <wrbtrader> 1 contract
[10:52:37] <wrbtrader> Covered Emini ES Short @ 2421.00 --> 0
[10:52:47] <wrbtrader> geeesh
[10:53:13] <wrbtrader> Shorts Emini ES @ 2417.50 -> small size
[10:53:20] <wrbtrader> 1 contract re-entry
[10:53:54] <wrbtrader> Long Upper Shadow interval
[10:54:09] <wrbtrader> easy spot to trail a stop location
[10:54:54] <wrbtrader> Covered Emini ES Short @ 2421.00 --> - 3.5
[10:55:03] <wrbtrader>
[10:55:19] <wrbtrader> Shorts Emini ES @ 2419.00 -> small size
[10:55:28] <wrbtrader> 1 contract re-entry
[10:55:43] <wrbtrader> fell back thru the support of the Long Upper Shadow interval
[10:55:57] <wrbtrader> still chopping around
[10:56:13] <wrbtrader> Covered Emini ES Short @ 2421.50 --> - 2.5
[10:56:27] <wrbtrader> Long Emini ES @ 2426.00 -> medium size
[10:56:34] <wrbtrader> 5 contracts
[10:56:51] <wrbtrader> back above the R area of the Long Upper Shadow intervals
[10:57:02] <wrbtrader> breakout
[10:58:09] <wrbtrader> Exited all Emini ES Long @ 2428.00 --> + 2
[10:58:45] <wrbtrader> VIX > 79
[10:59:09] <wrbtrader> Long Emini ES @ 2430.00 -> medium size
[10:59:15] <wrbtrader> 5 contracts
[11:00:17] <wrbtrader>
[11:00:38] <wrbtrader> nearing its most recent reaction high but keeps snapping back
[11:01:13] <wrbtrader> Exited all Emini ES Long @ 2432.00 --> + 2
[11:18:18] <wrbtrader> Had the direction right on that last trade but the chop easily took me out
[11:18:41] <wrbtrader> Took a break and didn't want to do another re-entry
[11:18:55] <wrbtrader> This is the type of price action that easily wears you down
[11:35:53] <wrbtrader> Shorts Emini ES @ 2472.00 -> small size
[11:35:59] <wrbtrader> 1 contract
[11:37:02] <wrbtrader> too contracted right now
[11:37:12] <wrbtrader> Price action will start moving fast here soon
[11:37:30] <wrbtrader> Also near a key R area
[11:38:12] <wrbtrader> 2457.00 nearest S area
[11:39:28] <wrbtrader> S area reached as a WRB pt1
[11:39:37] <wrbtrader> Covered Emini ES Short @ 2455.75 --> + 16.25 [11:41:12] <wrbtrader> Long Upper Shadow interval produced
[12:07:41] <wrbtrader> Crazy how fast that turned around and then went back up +60 ponts
[12:10:17] <wrbtrader> Alert - Treasury Secretary Mnuchin says financial markets will stay open, but could shorten trading hours @
https://www.cnbc.com/2020/03/17/treasur ... hours.html[12:12:13] <wrbtrader> Emini NQ approaching a key reaction high from yesterday
[12:12:47] <wrbtrader> Long Emini ES @ 2535.25 -> medium size
[12:12:53] <wrbtrader> 4 contracts
[12:13:35] <wrbtrader> I'm just following Emini NQ because ES is sluggishly not keeping up with the same pace
[12:13:45] <wrbtrader> Thus, its got some catching up to do
[12:14:03] <wrbtrader> Emini NQ now at that key reaction high
[12:14:23] <wrbtrader> Exited all Emini ES Long @ 2538.00 --> + 2.75
[12:14:32] <wrbtrader> trail stop picked pocketed
[12:16:53] <wrbtrader> That key area from yesterday is in reference to a "limit down" price area
[12:17:35] <wrbtrader> Shorts Emini ES @ 2520.00 -> medium size
[12:17:41] <wrbtrader> 4 contracts
[12:19:20] <wrbtrader> Covered all Emini ES Short @ 2519.00 --> + 1
[12:20:26] <wrbtrader> Shorts Emini ES @ 2520.25 -> medium size
[12:20:29] <wrbtrader> 4 contraction re-entry
[12:23:58] <wrbtrader> WRB pt1 reached buts its now chopping around
[12:27:08] <Tigerman______> SH mES 2495
[12:27:51] <wrbtrader> Those "limit down" price areas behaving like Pivot Points have been making me a lot of money during this chaos
[12:28:42] <wrbtrader> Covered all Emini ES Short @ 2489.00 --> + 31.25 [12:30:10] <Tigerman______> exit all mES @ 2488 +7
[12:30:27] <wrbtrader> Long Uppder Shadow interval in the Emini futures via the 1hr chart
[13:10:55] <wrbtrader> Shorts Emini ES @ 2452.00 -> medium size
[13:11:00] <wrbtrader> 4 contracts
[13:11:17] <wrbtrader> broke below the most recent reaction low on increasing volatility
[13:12:14] <wrbtrader> now chopping around
[13:12:15] <wrbtrader> geeesh
[13:13:35] <wrbtrader> If I can escape this chop with a profit...lucky trade
[13:14:46] <wrbtrader> Less chop...still pushing lower
[13:14:58] <wrbtrader> WRB pt1 reached
[13:15:54] <wrbtrader> Covered all Emini ES Short @ 2542.50 --> - 90.5
[13:16:10] <wrbtrader> correction...
[13:16:27] <wrbtrader> Covered all Emini ES Short @ 2442.50 --> + 9.5
[13:16:45] <wrbtrader> got lost a little in moving my trail stop
[13:16:56] <wrbtrader> moved it too tight and it got quickly hit
[13:45:21] <wrbtrader> Reminder - The day they announce a Vaccine for the Corona Virus...should be a high volatility trading day with upward price movement
[13:45:47] <wrbtrader> Yet, I'm not expecting such an announcement for many many months...maybe early next year
[13:47:26] <wrbtrader> Emini NQ testing the R area of a prior Long Upper Shadow interval
[13:47:54] <wrbtrader> Now above it
[13:48:19] <wrbtrader> Long Emini ES @ 2484.00 -> small size
[13:48:26] <wrbtrader> 3 contracts
[13:48:36] <wrbtrader> just following Emini NQ futures
[13:49:46] <wrbtrader> Exited all Emini ES Long @ 2487.00 --> + 3
[13:50:00] <wrbtrader> trail stop hit
[13:50:15] <wrbtrader> I'm using wide stops today and they're still getting hit
[13:50:36] <wrbtrader> Long Emini ES @ 2486.75 -> small size
[13:50:45] <wrbtrader> 3 contracts intuition
[13:51:26] <Tigerman______> LG mES 2485
[13:51:38] <wrbtrader> Exited all Emini ES Long @ 2487.00 --> + 0.25
[13:51:52] <wrbtrader> chop showed up
[13:52:12] <Tigerman______> exit all @ 2485.25 +.25
[13:53:18] <wrbtrader> Shorts Emini ES @ 2477.50 -> small size
[13:53:26] <wrbtrader> 3 contracts intuition
[13:54:24] <wrbtrader> Covered all Emini ES Short @ 2476.00 --> + 1.5
[13:54:33] <wrbtrader>
[14:15:06] <wrbtrader> Long Emini ES @ 2500.50 -> small size
[14:15:16] <wrbtrader> 3 contracts intuition
[14:15:21] <wrbtrader> not a good entry
[14:15:46] <wrbtrader> Exited all Emini ES Long @ 2499.00 --> - 1.5
[14:16:01] <wrbtrader> Long Emini ES @ 2501.00 -> small size
[14:16:17] <wrbtrader> 3 contracts re-entry
[14:18:11] <wrbtrader> Exited all Emini ES Long @ 2512.25 --> + 11.25 [14:18:22] <wrbtrader> R area reached
[14:18:30] <wrbtrader> not a WRB pt1
[14:18:47] <wrbtrader> I'm done for the trading day here...exhausted
[14:18:55] <wrbtrader> Mentally exhausted
[14:19:01] <Tigerman______> yeah me too
[14:19:19] <Tigerman______> I finish here
[14:19:25] <wrbtrader> Trading this Corona Virus price action is the most exhausting trading I've ever done in my life
[14:19:33] <wrbtrader> It's something I will never forget
[14:19:59] <Tigerman______> yeah me too both trading and pandemic too
[14:20:14] <wrbtrader> Its not so much just the trading...its everything else that's occuring around the trading
[14:20:50] <Tigerman______> yeah expecially if you have to dress like a war while you go to shop to buy food
[14:20:57] <wrbtrader> Bingo
[14:21:25] <Tigerman______> unreal unless you experiment a lockdown
[14:21:39] <Tigerman______> many people no job at all !!!
[14:22:00] <wrbtrader> Actually, I've experience two quarantines before...
[14:22:10] <Tigerman______> need long time clear food with alcool after the shop
[14:22:34] <wrbtrader> Once in the hospital when I contracted a deadlier virus after I came out of the coma in the fall of 2016
[14:22:51] <wrbtrader> 3 weeks quarantine...virus name was Clostridium Difficile
[14:23:20] <wrbtrader> The patient in the next room that caught here virus at the same time as I did...
[14:23:31] <wrbtrader> She died the 2nd night
[14:23:43] <Tigerman______> scary x sure
[14:24:02] <wrbtrader> The other time I was quarantine was when I was in the military
[14:24:31] <wrbtrader> One month quarantine...a serious highly contagious bacterial infection
[14:24:45] <wrbtrader> Both quarantines extremely hard on you mentally
[14:24:53] <wrbtrader> I wouldn't wish it on my enemies
[14:25:42] <wrbtrader> Locked in a small hospital room with my legs too weak to walk...tough mental times that was
[14:26:01] <wrbtrader> Didn't meant literally "locked"
[14:26:10] <Tigerman______> yeah Health concern shoul be priory always x all
[14:26:52] <Tigerman______> so we need to be happy while alive and healty
[14:26:55] <wrbtrader> I think they should have something mentally helping patients like a psycho therapist
[14:27:06] <wrbtrader> I got that a month AFTER the fact
[14:27:29] <wrbtrader> Needed the psycho therapist during the quaranteen
[14:27:45] <wrbtrader> She could have communicated with me via telephone
[14:30:53] <wrbtrader> Take care and see all tomorrow...hopefully
[14:35:24] <Tigerman______> ok take care wrbtrader and see all tomorrow unless change mind and take sun
Session Closed
Bloomberg Markets: The Close' Full Show (03/17/2020)
@ https://www.bloomberg.com/news/videos/2020-03-17/-bloomberg-markets-the-close-full-show-3-17-2020-video @ wrbtrader @ Frequently Asked Questions @ Risk Warnings @ Terms of Use Policy -----------------------
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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.htmNote: 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.htmTheStrategyLab Price Action Trading
@ http://twitter.com/wrbtrader @ http://stocktwits.com/wrbtrader @ https://www.tradingview.com/u/wrbtraderPhone: +1 224 307-4434
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
wrbanalysis@gmail.com (24/7)