##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 (12/08/2020) @ https://www.bloomberg.com/news/videos/2020-12-08/-bloomberg-the-open-full-show-12-8-2020-video

[10:45:02] * Now talking in ##TheStrategyLab
[11:09:15] <wrbtrader> Shorts Emini ES @ 3691.00 -> large size
[11:09:18] <wrbtrader> 10 contracts
[11:10:16] <wrbtrader> Covered all Emini ES Short @ 3691.50 --> - 0.5
[11:16:50] <wrbtrader> Long Emini ES @ 3693.00 -> large size
[11:17:06] <wrbtrader> 10 contracts oon the Short Squeeze
[11:17:50] <wrbtrader> Exited all Emini ES Long @ 3693.50 --> + 0.5
[11:18:01] <wrbtrader> small WRB pt1
[11:18:44] <wrbtrader> too much contraction in the recent intervals...not enough merit in holding this longer beyond a small WRB
[11:19:32] <wrbtrader> Typically worth holding if there was more volatility in the Short Squeeze or growing volatility
[11:22:28] <wrbtrader> Long Emini ES @ 3694.00 -> large size
[11:22:43] <wrbtrader> 10 contracts re-entry into the Short Squeeze
[11:23:53] <wrbtrader> Exited all Emini ES Long @ 3693.00 --> - 1
[11:27:59] <Tigerman______> hi wrbtrader ... welcome
[11:28:41] <Tigerman______> junky action today I just did some experiment at open loss trade in test platform
[11:28:54] <Tigerman______> in contrast used small size in mES later
[11:29:27] <Tigerman______> simply I realized unless market behave good ... I no trade anymore
[11:29:45] <Tigerman______> good = more sync
[11:30:02] <Tigerman______> regardless I ll leave in minutes
[11:30:03] <wrbtrader> If the overall volatility continues to deteriot...I'm going to downsize a little and use the poor trading conditions to do some trading / testing in MES myself
[11:30:35] <Tigerman______> yep mES give condidence via small risk/size
[11:30:55] <wrbtrader> Should be useful because most of the clients I've been getting are traders of the Micro Emini Futures which is something I myself have not even traded just yet
[11:31:08] <Tigerman______> wrbtrader remember mS has low liquidity vs ES
[11:31:22] <wrbtrader> I won't trade size with MES
[11:31:40] <wrbtrader> to get around the illiquidity of the Micro emini futures
[11:32:14] <Tigerman______> also commissions impact more
[11:32:22] <wrbtrader> Yep
[11:33:13] <wrbtrader> I have no documentation nor verification of any trading in the MES futures to be in tune with what clients are actually trading
[11:33:54] <wrbtrader> A few weeks of such will give me some screenshots to post on the website
[11:34:27] <wrbtrader> Then I'll revert back to Emini ES futures for the pending spike in volatility for the month of January
[11:34:59] <wrbtrader> That's a plan for the moment but no guarantee I'll temporary switch to MES
[11:37:12] <wrbtrader> U.K. had a big celebration today...A 90 year old grandmother of 4 got the first vaccination shot @ 6:31am GMT
[11:38:00] <wrbtrader> Hospital staff at St. Thomas lined the hallways to cheer her after her vaccination
[11:38:37] <asuni> 91 years next week
[11:38:44] <wrbtrader> Yep
[11:39:05] <wrbtrader> Actually,..some media referring to her as the 1st worldwide
[11:39:34] <wrbtrader> Seems kind'uv strange when China and Russia have been saying they've been doing vaccinations for awhile now
[11:40:07] <Tigerman______> they mean in west world
[11:40:15] <wrbtrader> Ahhh...Ok
[11:40:56] <Tigerman______> btw lot of vaccines was already given out to China people
[11:41:17] <Tigerman______> also to chinese leaving abroad
[11:41:41] <Tigerman______> not sure how safe these vaccines
[11:41:51] <wrbtrader> Vaccinations will only create "herd immunity" if at the minimum about 70% of the population takes the vaccine...until then...must social distance, wash hands and wear a face mask
[11:42:13] <asuni> This wonderful 91 years old girl could have great impèact on markets. Let you imagine if she unfortunately will have side effects from vaccine..................
[11:42:42] <wrbtrader> Shorts Emini ES @ 3694.00 -> large size
[11:42:47] <Tigerman______> btw all these US UK are so New... tested on just few people
[11:42:48] <wrbtrader> 10 contracts
[11:45:40] <wrbtrader> Covered all Emini ES Short @ 3695.25 --> - 1.25
[11:47:23] <Tigerman______> wrbtrader your cover was a 10 contract 1 fill or was more small multiple size reported by your broker
[11:47:39] <wrbtrader> split
[11:47:42] <Tigerman______> these days I see more strange fill
[11:48:11] <wrbtrader> I rarely post the spits
[11:48:19] <wrbtrader> I use to in the past
[11:48:49] <wrbtrader> Sometimes what I will do is just say "strange fill"
[11:48:52] <Tigerman______> ah ok just 2 splits or more.. out of curiosity
[11:48:57] <wrbtrader> Usually I'm talking about split
[11:49:03] <wrbtrader> On the exits and the entry
[11:49:38] <Tigerman______> also depends broker route
[11:50:00] <wrbtrader> This trade 3 spits with some contracts @ 3695 and some at 3695.25
[11:51:26] <Tigerman______> ok thanks.. when past moves fast I experience worst fill
[11:51:47] <wrbtrader> Splits are too hard to post
[11:52:46] <wrbtrader> My script only does 1/4 trade posts at best
[11:52:49] <Tigerman______> sure... just post the trade with small delay it is a great thing... I can t most of the time
[11:53:36] <wrbtrader> Thus, if a split is 6+2+1+1 and a few contracts filled at a different price...
[11:53:40] <wrbtrader> silly to try to post that
[11:54:21] <wrbtrader> Be aware of this in which I showed the difference a few times in the past in my trade fill window...
[11:55:44] <Tigerman______> ok thanks
[11:55:54] <wrbtrader> I was show the exact same price for a 10 contract position at for example 4+1+1+1+2+1 and my other broker would show the same timestamps as 4+4+2
[11:56:40] <wrbtrader> all with the same timestamps of for example 10:05:06am
[11:57:33] <wrbtrader> If my two brokers do that...other brokers must be doing it too
[11:59:26] <wrbtrader> Years ago...rarely were there splits
[11:59:39] <wrbtrader> I think that changed around 2015
[12:00:27] <Tigerman______> maybe more Algos involved I dont know
[12:00:35] <wrbtrader> That tells me there's either more algo doing 1 contract multiple trades at the same price
[12:00:47] <wrbtrader> Yeah, I was thinking the same thing too
[12:01:06] <Tigerman______> liquidity also lower these days
[12:01:25] <wrbtrader> Only Algos can move trades that fast at the exact same price on 1 contract trades
[12:02:08] <Tigerman______> right now just 60 pz on bid and 40 on ask
[12:02:31] <wrbtrader> Read an article in a financial mag that Algo can do for example...20 to 100 contracts in a few ses at the exact same price with splits of 1 contract each fill
[12:02:35] <Tigerman______> time ago I remember 300/ 400pz was normal
[12:02:42] <Tigerman______> at first line
[12:03:34] <wrbtrader> Visually, I would say 5 - 20 contracts is the norm
[12:03:49] <wrbtrader> Not sure what the actual stats of the average print size
[12:18:02] <wrbtrader> sometimes I think we should be able to visually see when there's "liquidity problems"
[12:18:46] <wrbtrader> I think it happens when the intervals are very contracted while people are trying to move size as in move than 10 contracts
[12:19:27] <wrbtrader> We should be able to see it in the Times & Sales prints with a lot of small contracts moving at the same price with the same timestamps
[12:19:37] <wrbtrader> regardless if they are printing slow or fast
[12:19:58] <wrbtrader> Like right now
[12:21:48] <Tigerman______> I also use different window set to show small size and another show bigger size print
[12:22:20] <wrbtrader> You talking about the DOM or Times & Sales ??
[12:22:33] <Tigerman______> T & S
[12:22:38] <wrbtrader> Ok
[12:22:55] <Tigerman______> lg mES 3697 sym platform
[12:23:32] <Tigerman______> exit all @ 3697.25 +.25 snapback
[12:54:00] <wrbtrader> VIX a steady decline...creeper movement
[12:59:48] <wrbtrader> Shorts Emini ES @ 3700.25 -> large size
[12:59:55] <wrbtrader> 10 contracts poor entry
[13:00:14] <wrbtrader> too much analysis since the 3701.75 level
[13:03:23] <wrbtrader> creepy tough price action
[13:03:36] <wrbtrader> Covered all Emini ES Short @ 3701.00 --> - 0.75
[13:03:57] <wrbtrader> Long Emini ES @ 3701.25 -> large size
[13:04:05] <wrbtrader> 10 contracts
[13:04:11] <wrbtrader> chasing Emini NQ
[13:06:36] <wrbtrader> tiny Long Upper Shadow interval
[13:06:54] <wrbtrader> maybe not enough to drag this up higher
[13:13:25] <wrbtrader>
[13:14:46] <wrbtrader> Exited all Emini ES Long @ 3701.75 --> + 0.5
[13:15:37] <Tigerman______> ok take care all see next time
[13:16:01] <wrbtrader> Seems like the more vaccination news there are...the stranger this price action has become
[13:55:11] <wrbtrader> Shorts Emini ES @ 3701.00 -> large size
[13:55:22] <wrbtrader> 10 contracts
[13:55:55] <wrbtrader> need to try to hold this without trigger happy fingers
[14:01:41] <wrbtrader> small WRB pt1 reached
[14:03:00] <wrbtrader> President-elect Biden on TV
[14:03:26] <wrbtrader> I hate when Presidents go on TV during market hours...price action becomes more weird
[14:13:31] <wrbtrader> Covered all Emini ES Short @ 3701.50 --> - 0.5
[14:13:49] <wrbtrader> shaken out...lost patience
[14:15:12] <wrbtrader> Hopefully won't regret not taking the small pt1 won't bite me at the end of the trading day
[14:21:30] <wrbtrader> spread increased in the move back up
[14:21:45] <wrbtrader> Long Emini ES @ 3703.75 -> large size
[14:21:53] <wrbtrader> 10 contracts
[14:22:14] <wrbtrader> not a good way to chase Emini NQ
[14:24:13] <wrbtrader> Exited all Emini ES Long @ 3704.75 --> + 1
[14:24:29] <wrbtrader> not a WRB pt1
[14:24:35] <wrbtrader> not an early exit
[14:24:40] <wrbtrader> random exit
[14:24:51] <wrbtrader> I do not have a lot of patience today
[14:27:01] <wrbtrader> VIX broke below a S area
[14:28:33] <wrbtrader> Long Emini ES @ 3705.75 -> large size
[14:28:51] <wrbtrader> trying to move up another Long Upper Shadow interval
[14:33:49] <wrbtrader> Exited all Emini ES Long @ 3705.75 --> 0
[15:04:59] <wrbtrader> looking for a snapback UP in this area
[15:05:41] <wrbtrader> Long Emini ES @ 3702.50 -> large size
[15:05:51] <wrbtrader> 10 contracts intuition
[15:07:04] <wrbtrader> Exited all Emini ES Long @ 3701.75 --> - 0.75
[15:07:09] <wrbtrader> punks
[15:09:00] <wrbtrader> Long Emini ES @ 3702.25 -> large size
[15:09:03] <wrbtrader> 10 contracts re-entry
[15:11:53] <wrbtrader> geeesh
[15:12:32] <wrbtrader> scary ES today
[15:12:51] <wrbtrader> holding on to this one by my finger tips
[15:17:51] <wrbtrader> No snapback Up
[15:19:00] <wrbtrader> Exited all Emini ES Long @ 3700.75 --> - 1.5
[15:20:50] <wrbtrader> Long Emini ES @ 3701.75 -> large size
[15:21:05] <wrbtrader> 10 contracts re-entry
[15:24:41] <wrbtrader> NQ testing its S area
[15:25:46] <wrbtrader> Exited all Emini ES Long @ 3701.00 --> - 0.75
[15:26:12] <wrbtrader> Shorts Emini ES @ 3701.00 -> large size
[15:26:25] <wrbtrader> 10 contracts
[15:26:38] <wrbtrader> NQ now breakout below the S area
[15:27:09] <wrbtrader> now back above it
[15:27:31] <wrbtrader> Covered all Emini ES Short @ 3702.50 --> - 1.5
[15:27:41] <wrbtrader> wicked
[15:28:10] <wrbtrader> ES back to the R area
[15:29:24] <wrbtrader> Need a runner (big mover) to prevent today from being resulting as a losing trading day
[15:29:48] <wrbtrader> not likely in this tight trading range that's still forming
[15:30:25] <wrbtrader> Long Emini ES @ 3702.75 -> large size
[15:30:45] <wrbtrader> 10 contracts
[15:35:13] <wrbtrader> geeesh
[15:35:24] <wrbtrader> another snapback down
[15:36:15] <wrbtrader> back down to the S area
[15:36:48] <wrbtrader> 3.75 tight trading range
[15:40:38] <wrbtrader> Exited all Emini ES Long @ 3700.50 --> - 2.25
[15:41:07] <wrbtrader> can't breakout of this range
[15:41:19] <wrbtrader> looks like its going to stay like this until the close
[15:41:38] <wrbtrader> I'm calling it quits here on the trade losses resulting in a losing trading day...
[15:41:45] <wrbtrader> Take care and see all tomorrow
Session Close

Bloomberg Markets: The Close' Full Show (12/08/2020) @ https://www.bloomberg.com/news/videos/2020-12-08/-bloomberg-markets-the-close-full-show-12-07-2020-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
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