June 9th - Thursday: #wrbanalysis #wrbhiddengap #wrbzone #volatilityanalysis #correlationanalysis


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wrbtrader
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June 9th - Thursday: #wrbanalysis #wrbhiddengap #wrbzone #volatilityanalysis #correlationanalysis

#1 Post by wrbtrader »

060922-TheStrategyLab-Key-Markets.png
[09:30:53] * Now talking in #ThestrategyLab
[09:30:54] * ChanServ sets mode: +o wrbtrader
[09:31:04] <@wrbtrader> Good morning...
[09:31:27] <werner1> Shorts Emini NQ @ 12535
[09:31:31] <werner1> gm
[09:32:02] <werner1> Covered all Emini NQ Short @ 12523.25 --> + 11.75
[09:32:30] <werner1> Long Emini NQ @ 12558
[09:33:02] <werner1> Exited all Emini NQ Long @ 12548 --> - 10
[09:34:39] <werner1> Long Emini NQ @ 12575.75
[09:35:17] <werner1> Exited all Emini NQ Long @ 12591.50 --> + 15.75
[09:35:56] <werner1> Shorts Emini NQ @ 12583.25
[09:37:15] <werner1> Covered all Emini NQ Short @ 12579.00 --> + 4.25
[09:40:04] <@wrbtrader> Shorts Emini ES @ 4095.00 -> small size
[09:40:08] <werner1> Shorts Emini NQ @ 12540.24
[09:40:18] <werner1> Covered all Emini NQ Short @ 12538.50 --> + 1.74
[09:40:27] <@wrbtrader> 2 contracts
[09:41:17] <@wrbtrader> Covered all Emini ES Short @ 4095.00 --> 0
[09:41:35] <@wrbtrader> Shorts Emini ES @ 4093.00 -> small size
[09:41:46] <@wrbtrader> 2 contracts re-entry
[09:41:48] <@wrbtrader> :(
[09:42:01] <werner1> Shorts Emini NQ @ 12530.25
[09:42:50] <werner1> Covered all Emini NQ Short @ 12514.50 --> + 15.75
[09:44:29] <@wrbtrader> Covered all Emini ES Short @ 4088.75 --> + 4.25
[09:44:39] <@wrbtrader> trail stop picked
[09:47:35] <werner1> Long Emini NQ @ 12538
[09:48:02] <werner1> Exited all Emini NQ Long @ 12550.75 --> + 12.75
[09:55:32] <TigerBoy___> gm all
[09:55:46] <TigerBoy___> late start x me todat
[09:55:52] <werner1> gm tg
[09:55:52] <TigerBoy___> too busy
[09:55:56] <TigerBoy___> hi wer
[09:56:16] <TigerBoy___> in cobtrast I was able to catch a long few seconds ago
[09:57:00] <TigerBoy___> action stay above S from KEY area
[09:59:58] <@wrbtrader> Long Emini ES @ 4115..75 -> small size
[10:00:06] <@wrbtrader> 3 contracts
[10:00:55] <@wrbtrader> Exited all Emini ES Long @ 4114.75 --> + 4114.75 - 4115..75
[10:01:38] <@wrbtrader> -1 point
[10:04:55] <werner1> done here ...take care all
[10:05:03] <@wrbtrader> Take care
[10:05:12] <werner1> :)
[10:05:26] <@wrbtrader> I'm going to do some trades in the micro MES futures...
[10:06:25] <@wrbtrader> The trades I post for Micro MES...will have the Emini ES designation because I don't have the scripts setup for Micro MES
[10:07:14] <werner1> ok
[10:07:18] <@wrbtrader> I'll do that this weekend to create a new primary script because the current script doesn't contain micro Emini futures
[10:07:58] <TigerBoy___> yeah good you dod some micro trades
[10:08:49] <TigerBoy___> I m curious if you ll get same bad fill as me
[10:08:58] <TigerBoy___> loq liquidity
[10:10:51] <@wrbtrader> Also, another problem...I don't have my Key KME WRB Zones on the micro MES..
[10:10:53] <@wrbtrader> :(
[10:11:38] <@wrbtrader> I will have to keep my ES chart on top of the MES chart until I can recreate Key KME WRB Zones for the Micro Eminis
[10:11:53] <@wrbtrader> another task to do this weekend :(
[10:12:47] <TigerBoy___> SH mES @ 4101.75 large 40pz
[10:13:08] <@wrbtrader> I'm doing this because the last 5 fee-base clients...they all only trade the micro futures and I have NO verification screenshots for the Micro futures
[10:13:37] <TigerBoy___> exit 1/2 @ 4099.50 +2.25
[10:13:39] <werner1> i leave the chat open ..take care
[10:13:45] <@wrbtrader> Thus, I want to get some new verification screenshots of me trading the Micro futures so that I can use it as marketing purposes
[10:13:56] <TigerBoy___> exit all mES @ 4091.75 +10
[10:14:39] <TigerBoy___> tc wern
[10:15:05] <TigerBoy___> I using mES just to lower risk
[10:15:22] <@wrbtrader> Yeah...take care werner and if we don't see you tomorrow...have a nice weekend
[10:15:30] <TigerBoy___> simply I m in not optimal shape to trade high risk with ES
[10:16:15] <TigerBoy___> also I can play with size better ..use few pz on intuition trades and larger size with better signals
[10:17:22] <TigerBoy___> what I NO like is the tiny liquidity on both ES and mES
[10:17:39] <TigerBoy___> NQ seems more a CFD these days
[10:17:53] <TigerBoy___> no liquidity and large spread
[10:18:06] <TigerBoy___> I talk x first level in book
[10:18:34] <TigerBoy___> wrbtrader did you note how tiny is liquidity in futures these days ?
[10:18:57] <TigerBoy___> it is like that for years really
[10:19:16] <TigerBoy___> I recall 1000 pz on first level long ago
[10:21:30] <@wrbtrader> Liquidity getting LESS and the crazy chop getting LESS too...less frequently
[10:22:50] <@wrbtrader> Also, soon it will be contract rollover for the Emini futures
[10:23:16] <TigerBoy___> I think depends on Algos plus more Otc instruments nowdays
[10:23:37] <@wrbtrader> September contract picking up more numbers
[10:23:52] <@wrbtrader> a lot more today than yesterday
[10:25:35] <@wrbtrader> One of the reasons why I HATE contract rollover because my Brokers charts (a few) and my order ticket windows...I need to manually change them but my independent charting vendor charts are "continuous"...they change on their own
[10:26:26] <TigerBoy___> yeah me the same
[10:26:41] <@wrbtrader> Simply, contract rollover is a pain in the ass for traders
[10:26:59] <TigerBoy___> chart usually change 1 week before expiring
[10:27:41] <TigerBoy___> ETF traders not got this issue
[10:28:45] <TigerBoy___> price sit now in mid today s gap after a roll over under S Key area after 10am
[10:44:03] <@wrbtrader> be back in a minute...I need to reboot my auto scripts to see if they have enable the mirco Eminis on them
[10:44:11] * Disconnected
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[10:45:38] * Now talking in #ThestrategyLab
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[10:46:18] <@wrbtrader> test trade post...
[10:46:37] <@wrbtrader> Long Emini ES @ 4098.00 -> small size
[10:46:51] <@wrbtrader> :(
[10:47:28] <@wrbtrader> Long Emini ES @ 4098.00 -> small size
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[10:51:54] <@wrbtrader> Long Emini ES @ 4098.00 -> small size
[10:52:04] <@wrbtrader> :(
[10:53:16] <@wrbtrader> Long Emini MES @ 4098.00 -> small size
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[10:54:11] * Now talking in #ThestrategyLab
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[10:54:48] <@wrbtrader> Now I have a functional Micro Emini futures script
[10:54:51] <@wrbtrader> :)
[10:56:07] <@wrbtrader> this weekend I'll merge it into my Emini futures script so that I can easily go back n forth between the Emini ES and Micro Emini MES
[10:56:52] <TigerBoy___> wrbtrader just be carefull not doing some mistakes I did
[10:57:10] <TigerBoy___> I trades ES thinking was mES
[10:57:19] <TigerBoy___> traded
[10:57:25] <@wrbtrader> Long Emini MES @ 4094.75 -> medium size
[10:57:35] <@wrbtrader> 4 contracts
[10:58:44] <TigerBoy___> so thought was large size in mES wherease was a 10x size in actual ES
[11:02:24] <@wrbtrader> Exited all Emini MES Long @ 4091.00 --> - 3.75
[11:03:55] <TigerBoy___> wrbtrader do you plan to use same stops in mES ?
[11:04:00] <@wrbtrader> Shorts Emini MES @ 4089.50 -> medium size
[11:04:07] <@wrbtrader> 4 contracts
[11:04:25] <TigerBoy___> I mean let large room and maybe hang more for higher target
[11:04:30] <@wrbtrader> that's what I am trying to figure out right now...
[11:04:59] <TigerBoy___> considering it is tiny as size
[11:05:13] <@wrbtrader> most recent reaction low S area broken
[11:05:38] <TigerBoy___> yeah anytime size is larger I m not so comfortable like it was lighter
[11:09:20] <@wrbtrader> Covered all Emini MES Short @ 4084.75 --> + 4.75
[11:09:30] <@wrbtrader> trail stop picked
[11:12:03] <@wrbtrader> so far from what I saw in my trades...there's more liquidity in the Micro Emini MES futures than the Emini ES futures as in more 1 contract traders in the Emini ES futures
[11:12:47] <TigerBoy___> wow so ES it is really bad :(
[11:13:04] <@wrbtrader> I remember making the comment when Micros first came out...I wouldn't trade them until the had more liquidity than the regular Emini futures
[11:13:48] <@wrbtrader> Tiger...yeah but I've only looked at MES versus ES...not sure about the others and I'm not sure if it has something to do with the nearing contract rollover
[11:13:50] <TigerBoy___> mES has not good commissions vs ES considering $ x poin
[11:14:05] <@wrbtrader> Bingo
[11:14:44] <@wrbtrader> If they made the commissions equally micro too...
[11:14:57] <@wrbtrader> I would push A LOT larger position size
[11:15:12] <TigerBoy___> simply it can be used as hedge x porfolios or used for swing o positions trading not x intraday
[11:15:26] <@wrbtrader> Yeah...that's my thinking too
[11:48:37] <@wrbtrader> Shorts Emini MES @ 4093.25 -> large size
[11:48:45] <@wrbtrader> 6 contracts
[11:52:20] <@wrbtrader> Covered all Emini MES Short @ 4089.25 --> + 4
[11:52:31] <@wrbtrader> trail stop picked
[11:53:13] <@wrbtrader> recognized the formation of the Long Lower Shadow interval too late...should have dumped it around 4087.00
[12:22:54] <@wrbtrader> I'm shocked that people are trading the Micro futures as an alternative to the regular Emini futures when the commissions are practically the same
[12:23:35] <@wrbtrader> Exchanges created and set the Micro futures...
[12:24:38] <@wrbtrader> In contrast, the brokers decided to exploit the situation when they knew people will switch to Micros...they exploited it for as long as they can by using the same commission rates
[12:25:34] <@wrbtrader> Eventually the brokers will universally change the commisions to much lower rates...one day :)
[12:25:58] <@wrbtrader> I'm not going to hold my breadth for it
[12:34:07] <@wrbtrader> trying hard to short squeeze right now
[12:36:00] <@wrbtrader> Long Emini MES @ 4098.75 -> small size
[12:36:04] <@wrbtrader> 3 contracts
[12:43:38] <@wrbtrader> Exited all Emini MES Long @ 4100.25 --> + 1.5
[12:44:17] <@wrbtrader> bailed...not a WRB pt1 although it would have been @ 4101.00
[12:46:56] <@wrbtrader> I have some home distractions...my daughter came home today for lunch and her brother is arguing with her because its messing with his lunch time at home before he goes back to school.
[12:47:00] <@wrbtrader> be back later
[12:54:30] <@wrbtrader> Shorts Emini MES @ 4098.75 -> medium size
[12:54:34] <@wrbtrader> 4 contracts
[12:54:39] <@wrbtrader> early entry
[12:55:15] <@wrbtrader> actually a late entry
[12:57:08] <@wrbtrader> Covered all Emini MES Short @ 4097.25 --> + 1.5
[12:57:54] <@wrbtrader> It should have dropped like a rock when it tested 4095 on increasing volatililty
[12:59:10] <@wrbtrader> NQ back up to the S area of the Key KME WRB Zone
[12:59:36] <@wrbtrader> Long Emini MES @ 4104.25 -> medium size
[12:59:52] <@wrbtrader> 4 contracts
[13:03:21] <@wrbtrader> Exited all Emini MES Long @ 4105.25 --> + 1
[13:04:01] <@wrbtrader> poor entry on that trade...should have been Long around 4102.00
[13:24:17] <@wrbtrader> Shorts Emini MES @ 4098.50 -> medium size
[13:24:29] <@wrbtrader> 4 contracts
[13:24:40] <@wrbtrader> late entry
[13:28:17] <@wrbtrader> Covered all Emini MES Short @ 4094.25 --> + 4.25
[13:28:33] <@wrbtrader> WRB pt1 reached
[13:58:28] <TigerBoy___> ok I exit here take care all .. I ll not be here tomorrow ... so in advance have a nice weekend all see all next week
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[14:39:19] * Now talking in #ThestrategyLab
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[14:58:32] * Now talking in #ThestrategyLab
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[14:59:01] <@wrbtrader> CME Group Alert: MARKET EVENT
[14:59:01] <@wrbtrader> E-mini S&P 500 trades down 1% from its previous close
[14:59:01] <@wrbtrader> 5 hours after E-mini S&P 500 trades down 1% from its previous close has shown the most consistent results
[14:59:01] <@wrbtrader> On Jun 09, 01:43 PM, E-mini S&P 500 price declined 1% from its previous close. This has occured 34 times over the last 12 months.
[14:59:01] <@wrbtrader> 53% (18 out of these 34 times), the price has decreased 5 hours later by an average of 22.31 points. The maximum decrease in price has been 71.5 points.
[14:59:01] <@wrbtrader> 16 times out of 34, the price has increased 5 hours later by an average of 21.28 points. The maximum price increase has been 85.0 points.
[15:06:56] <@wrbtrader> Shorts Emini MES @ 4057.00 -> medium size
[15:07:05] <@wrbtrader> 5 contracts
[15:08:47] <@wrbtrader> Covered all Emini MES Short @ 4054.00 --> + 3
[15:14:29] <@wrbtrader> Shorts Emini MES @ 4053.50 -> medium size
[15:14:39] <@wrbtrader> 4 contracts
[15:14:42] <@wrbtrader> poor entry
[15:18:46] <@wrbtrader> Covered all Emini MES Short @ 4055.25 --> - 1.75
[15:19:11] <@wrbtrader> with the dollar value per tick on the Micro MES futures...you really need to be trying to catch several points of profits and not a few ticks to make it worth while the effort
[15:20:15] <@wrbtrader> My point, I see no purpose in trading the Micro Eminis if someone is a scalper or trying to scalp them.
[15:20:49] <@wrbtrader> Long Emini MES @ 4057.50 -> medium size
[15:20:57] <@wrbtrader> 4 contracts
[15:22:03] <@wrbtrader> Exited all Emini MES Long @ 4055.50 --> - 2
[15:22:35] <@wrbtrader> Shorts Emini MES @ 4053.50 -> medium size
[15:22:45] <@wrbtrader> 4 contracts
[15:23:49] <@wrbtrader> Covered all Emini MES Short @ 4054.75 --> - 1.25
[15:25:00] <@wrbtrader> caught in a little range here :(
[15:26:36] <@wrbtrader> Shorts Emini MES @ 4053.50 -> medium size
[15:26:48] <@wrbtrader> 4 contracts intuition
[15:27:25] <@wrbtrader> geeesh :(
[15:29:15] <@wrbtrader> Covered all Emini MES Short @ 4047.50 --> + 6
[15:40:33] <@wrbtrader> Shorts Emini MES @ 4043.00 -> medium size
[15:40:44] <@wrbtrader> 4 contracts
[15:40:59] <@wrbtrader> S area of contracting volatility broken
[15:41:31] <@wrbtrader> nothing below nearby to slow down this downfall
[15:42:14] <@wrbtrader> Covered all Emini MES Short @ 4037.75 --> + 5.25
[15:42:19] <@wrbtrader> bailed
[15:46:33] <@wrbtrader> Creeper Down Movement
[15:47:42] <@wrbtrader> Shorts Emini MES @ 4031.25 -> medium size
[15:47:52] <@wrbtrader> 4 contracts
[15:50:29] <@wrbtrader> Covered all Emini MES Short @ 4028.50 --> + 2.75
[15:50:44] <@wrbtrader> strange spikey price action
[15:50:54] <@wrbtrader> trail stop picked
[15:51:18] <@wrbtrader> looks like its trying to form a new support area
[15:56:02] <@wrbtrader> Shorts Emini MES @ 4023.00 -> medium size
[15:56:16] <@wrbtrader> 4 contracts
[15:56:33] <@wrbtrader> increasing volatility
[15:56:45] <@wrbtrader> in this last few minutes of the trading session
[15:59:20] <@wrbtrader> Covered all Emini MES Short @ 4016.50 --> + 6.5
[15:59:26] <@wrbtrader> bailed
[15:59:45] <@wrbtrader> WRB pt1 reached but wanted to hold it a little longer
[15:59:56] <@wrbtrader> Will just watch into the closing bell
[16:01:05] <@wrbtrader> I forgot to post this CME Group Alert (2nd one) earlier: MARKET EVENT
[16:01:05] <@wrbtrader> E-mini S&P 500 trades down 2% from its previous close
[16:01:05] <@wrbtrader> 5 hours after E-mini S&P 500 trades down 2% from its previous close has shown the most consistent results
[16:01:05] <@wrbtrader> On Jun 09, 02:48 PM, E-mini S&P 500 price declined 2% from its previous close. This has occured 11 times over the last 12 months.
[16:01:05] <@wrbtrader> 64% (7 out of these 11 times), the price has increased 5 hours later by an average of 35.75 points. The maximum price increase has been 75.0 points.
[16:01:05] <@wrbtrader> 4 times out of 11, the price has decreased 5 hours later by an average of 5.81 points. The maximum decrease in price has been 16.75 points.
[16:02:27] <@wrbtrader> A successful trading day in trading the Micro Emini MES futures although I may go back to the Emini ES futures tomorrow...I just wanted to get some templates setup today for the MES and then save them for whenever I have the urge to trade the MES
[16:02:33] <@wrbtrader> Take care and see you tomorrow

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