September 20th - Tuesday: #wrbanalysis #wrbhiddengap #wrbzone #volatilityanalysis #correlationanalysis

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wrbtrader
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September 20th - Tuesday: #wrbanalysis #wrbhiddengap #wrbzone #volatilityanalysis #correlationanalysis

#1 Post by wrbtrader »

092022-TheStrategyLab-Key-Markets.png
[08:29:51] * Now talking in #TheStrategyLab
[08:29:51] * ChanServ sets mode: +o wrbtrader
[08:29:59] <@wrbtrader> Good morning...
[08:56:57] <@wrbtrader> Shorts Emini ES @ 3892.50 -> large size
[08:57:06] <@wrbtrader> 5+5 contracts
[08:57:08] <@wrbtrader> early entry
[09:31:24] <@wrbtrader> Covered 1/2 Emini ES Short @ 3881.00 --> + 11.5
[09:32:27] <@wrbtrader> Covered all Emini ES Short @ 3878.25 --> + 14.25

[09:33:08] <@wrbtrader> WRB pt3 reached
[09:37:38] <TigerBoy___> gm all
[09:38:07] <TigerBoy___> lost time because my platform didn' t open :(
[09:44:39] <TigerBoy___> some vola in this sell off
[09:45:06] <TigerBoy___> a good short the 2 others short ... one as re-entry
[09:54:20] <TigerBoy___> can be interesting short if price breaks last low
[09:54:44] <TigerBoy___> VIX run up today @ 27
[10:04:03] <TigerBoy___> now range bound action
[10:12:54] <@wrbtrader> Rangebound price action now...
[10:13:13] <@wrbtrader> got caught with a few losers in this range in the past 5 mins
[10:13:25] <TigerBoy___> yep range bound
[10:13:26] <@wrbtrader> bouncing around up and down
[10:17:04] <TigerBoy___> I hate now this tight action :(
[10:17:21] <TigerBoy___> lot of small ticks trades
[10:25:25] <@wrbtrader> commission grabbing price action :)
[10:26:00] <@wrbtrader> It pulsates up and down by a few points for several minutes...not really getting anywhere
[10:26:17] <@wrbtrader> VIX is flatlining too
[10:26:22] <TigerBoy___> yeah ...anyway it is HFT trading
[10:26:29] <@wrbtrader> agree
[10:26:50] <TigerBoy___> usually those folks pay very low commissions
[10:26:58] <TigerBoy___> if any :)
[10:27:46] <@wrbtrader> I see more long shadow intervals too
[10:29:51] <@wrbtrader> I see the "ALGO" trading when it spikes out of a tight trading range by several points and then just as fast...it spikes back the opposite way by just as many points
[10:31:35] <TigerBoy___> yeah the problem is sort those moves vs a true more directional run
[10:31:59] <TigerBoy___> before realize that I already did many trades and lost :(
[10:32:28] <@wrbtrader> VIX @ 26.83
[10:32:44] <TigerBoy___> only youtube guru trader can overcome that and always gain :)
[10:33:07] <@wrbtrader> I don't watch any Youtube traders
[10:33:10] <@wrbtrader> :)
[10:33:45] <@wrbtrader> I have seen a Discord trader live screen such
[10:34:11] <@wrbtrader> He was a algo trader using an automated system
[10:34:27] <TigerBoy___> I don' t wanna see them ... just youtube show me that in its Algo
[10:34:48] <@wrbtrader> Would do 5 - 10 trades via his automated system in like 1 minute
[10:35:05] <@wrbtrader> crazy stuff I saw him do
[10:35:19] <TigerBoy___> usually when I see others Video not trading related and some sort of advertize show up
[10:35:30] <@wrbtrader> to much roller coaster trading to me
[10:35:46] <TigerBoy___> 16:34 @wrbtrader: Would do 5 - 10 trades via his automated system in like 1 minute I do the the same :)
[10:36:01] <@wrbtrader> Eminis trying hard to build a base here
[10:36:05] <TigerBoy___> not auto ... manual infact my fingers hurt really
[10:36:34] <TigerBoy___> at the end we needsome sort of hedge any hedge
[10:36:35] <@wrbtrader> now collapsing back to the low of the range
[10:37:56] <TigerBoy___> SH mES @ 3863
[10:38:01] <TigerBoy___> Large ++
[10:38:28] <TigerBoy___> exit all mES @ 3859.50 +3.50
[10:38:36] <@wrbtrader> briefly dropped below the range but now fighting hard to get back up
[10:38:58] <TigerBoy___> yeah thats the problem today
[10:39:29] <TigerBoy___> everyone wait x Fed tomorrow
[10:39:59] <TigerBoy___> so Algo keep price tight ... unless Big folks show up
[10:40:23] <TigerBoy___> All my trades today via Dome and sales
[10:40:42] <TigerBoy___> no KEY area nearby x me
[10:42:05] <@wrbtrader> Now back UP into that tight trading range
[10:42:51] <@wrbtrader> I have the 3874.50 as the R area of this tight trading range
[10:43:01] <@wrbtrader> for Emini ES futures
[10:46:01] <@wrbtrader> Another sign of ALGOs is when I see the price action steadily move in one direction by many ticks with no ticks going in the opposite direction...
[10:46:35] <@wrbtrader> It then suddenly snaps back in the opposite direct on just a few contrracts
[10:47:33] <@wrbtrader> Simply, instead of those few contracts getting absorb in the original direction...those few contracts create the opposite direction on the snapback
[10:47:58] <@wrbtrader> It's actually a scary thing to see
[10:49:48] <@wrbtrader> If I was an algo trader or a trader using an automated trading system...
[10:49:59] <@wrbtrader> That's the type of price action I would concentrate on
[10:50:04] <@wrbtrader> It just did it now
[10:51:23] <@wrbtrader> crazy stuff to watch and more crazy to trade within
[10:53:49] <TigerBoy___> wrbtrader ... I agreed on everything you said above
[11:01:38] <@wrbtrader> It just did that strange snapback of just a few contracts
[11:01:49] <@wrbtrader> forming a new direction
[11:02:17] <@wrbtrader> lets see if it does it against back UP
[11:09:58] <@wrbtrader> back above the R area of a Key KME WRB Zone
[11:40:03] <@wrbtrader> Last 15mins a lot off contracting intervals with Long Shadows
[11:49:15] <@wrbtrader> retesting that R area
[11:54:04] <TigerBoy___> LG ES @ 3884.75 small
[11:54:05] <TigerBoy___> 3pz
[11:54:19] <@wrbtrader> A bit spike after all that energy build up from that recent contracting volatility
[11:54:44] <@wrbtrader> they come out of nowhere...extremely difficult to trade
[11:54:53] <TigerBoy___> exit all ES @ 3885.50 +.75
[11:55:15] <TigerBoy___> yeah exactlty nowhere
[11:55:44] <@wrbtrader> Late in the trading day like in the last 15mins before 4pm est...the risk is to go Long
[11:55:57] <TigerBoy___> I did that long via the Big Up shot plus lot of orders push up
[11:56:03] <@wrbtrader> Yet, right now is not late in the trading day when it happens
[11:56:45] <TigerBoy___> was tired of those tick trades before I used Big ES 3 pz
[11:56:55] <TigerBoy___> ES vs mES
[11:56:58] <TigerBoy___> micro
[11:57:34] <@wrbtrader> If price can get above 3894.50
[11:57:46] <@wrbtrader> I'll be looking for Short signals to show up
[12:07:54] <TigerBoy___> ok I go
[12:08:04] <TigerBoy___> take care wrbtrader see you next time
[12:42:45] <@wrbtrader> Ok...take care Tiger
[12:42:56] <@wrbtrader> a lot of contracting volatility right now
[12:51:28] <@wrbtrader> More contracting volatility...I'm now expecting a volatility spike here soon
[12:52:50] <@wrbtrader> Long Emini ES @ 3872.00 -> medium size
[12:52:59] <@wrbtrader> 5 contracts
[12:54:23] <@wrbtrader> Exited all Emini ES Long @ 3873.25 --> + 1.25
[12:54:33] <@wrbtrader> bailed
[13:03:27] <@wrbtrader> price action sill contracting
[13:03:43] <@wrbtrader> rreason why I bailed on the recent Long position
[13:05:53] <@wrbtrader> volatility spike taking prices down but now a long shadow interval showing up
[14:18:59] * You have left #TheStrategyLab
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[14:50:20] * Now talking in #TheStrategyLab
[14:50:20] * ChanServ sets mode: +o wrbtrader
[16:29:58] <@wrbtrader> Did nothing but stared at the monitor this afternoon...couldn't pull the trigger and had I done...it would have been a breakeven afternoon
[16:30:07] <@wrbtrader> Take care and see you tomorrow on FOMC Announcement day

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