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 Post subject: May 19th Tues - #futures #forex #stocks #trading
 Post Posted: Tue May 19, 2020 3:10 pm 
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[09:27:46] * Now talking in ##TheStrategyLab
[09:30:58] <werner1> gm
[09:32:09] <wrbtrader> Long Emini ES @ 2940.00 -> large size
[09:32:20] <wrbtrader> 10 contracts
[09:34:04] <wrbtrader> Emini ES stuck in cement :(
[09:34:14] <wrbtrader> Exited all Emini ES Long @ 2940.00 --> 0
[09:34:40] <wrbtrader> Shorts Emini ES @ 2938.00 -> large size
[09:34:46] <wrbtrader> 10 contracts
[09:35:04] <wrbtrader> :(
[09:35:40] <wrbtrader> Covered all Emini ES Short @ 2937.75 --> + 0.25
[09:36:00] <werner1> nq has closed the feb cap yesterday @9400
[09:37:02] <wrbtrader> Shorts Emini ES @ 2937.25 -> large size
[09:37:11] <wrbtrader> 10 contracts re-entry
[09:37:23] <wrbtrader> that's a big Long Lower Shadow interval
[09:38:02] <wrbtrader> not giving an inch
[09:38:14] <werner1> Long Emini NQ @ 9349.50
[09:38:48] <wrbtrader> Covered all Emini ES Short @ 2939.00 --> - 1.75
[09:38:55] <werner1> Exited all Emini NQ Long @ 9355.00 --> + 5.5
[09:41:34] <Tigerman______> gm all
[09:41:54] <Tigerman______> junk action not good to tade righ now
[09:42:04] <wrbtrader> Shorts Emini ES @ 2939.50 -> large size
[09:42:07] <wrbtrader> 10 contracts
[09:42:11] <Tigerman______> I just experiment on tiny size on 2nd platform
[09:42:22] <Tigerman______> loss overall
[09:42:31] <wrbtrader> price action still struggling to become insync
[09:43:40] <Tigerman______> almost gambling now unless one is HFT trader
[09:46:05] <wrbtrader> Market shaking us around like a bulldog on an old lady
[09:50:09] <wrbtrader> Market Depth declining across the board but Emioni NQ futures fighting hard to stay above its opening low
[09:52:19] <wrbtrader> Covered all Emini ES Short @ 2935.25 --> + 4.25
[09:52:29] <wrbtrader> :(
[09:57:45] <wrbtrader> Emini ES needs to get above that 2944 price area
[09:59:14] <Tigerman______> yep NQ is well above recent high
[09:59:45] <Tigerman______> this last up move give opurtunity to recup my loss
[10:00:18] <Tigerman______> simply needed look at fast moves and avoid the jun k between index
[10:00:39] <Tigerman______> not good sync today = hard trading
[10:02:01] <wrbtrader> As soon as volatility dropped below the 30 area...things are out of whack
[10:02:15] <wrbtrader> It recently did the same not too long ago
[10:02:32] <wrbtrader> The ugly side of mean reversion
[10:02:51] <Tigerman______> wrbtrader best vola days are gone for now :(
[10:03:07] <Tigerman______> i refer to march vola
[10:04:26] <Tigerman______> anyway trading is to find good conditions ... seems on many chat/forum people trade in any conditions and in same way
[10:05:02] <Tigerman______> seems more a 9-5pm job x them :)
[10:05:55] <wrbtrader> 0746am highs
[10:06:04] <Tigerman______> I mean trade as posting chart or discussion ... no actually prove they gain any money in long run
[10:06:08] <wrbtrader> Emini ES just got above it
[10:08:22] <wrbtrader> It has turned into a Squeeze on the Shorts
* Retrieving ##TheStrategyLab modes...
[10:11:59] <wrbtrader> Tigerman...a trick is to concentrate on your own trading.
[10:12:06] <wrbtrader> Don't worry about what others are doing
[10:13:48] <Tigerman______> yeah wrbtrader... agree of course my point is just say and conferm here for others reader benefit ... to look at context
[10:15:06] <Tigerman______> also I look at what others are doing id what they doing is useful to me :)
[10:16:15] <Tigerman______> if someone advise buy bitcoin with no good knowledge I not listen him
[10:19:21] <wrbtrader> Shorts Emini ES @ 2945.25 -> large size
[10:19:29] <wrbtrader> 10 contracts
[10:20:26] <wrbtrader> Covered all Emini ES Short @ 2945.75 --> - 0.5
[10:20:46] <wrbtrader> Shorts Emini ES @ 2946.25 -> large size
[10:20:55] <wrbtrader> 10 contracts re-entry
[10:21:16] <wrbtrader> Covered all Emini ES Short @ 2946.75 --> - 0.5
[10:22:02] <wrbtrader> Shorts Emini ES @ 2948.00 -> large size
[10:22:05] <wrbtrader> 10 contracts
[10:22:14] <wrbtrader> re-entry
[10:23:39] <Tigerman______> sh mES 2946
[10:23:56] <wrbtrader> not a good batting average today for me
[10:24:58] <wrbtrader> Covered all Emini ES Short @ 2945.75 --> + 2.25
[10:25:03] <Tigerman______> exit all @ 45.50 +.5
[10:25:18] <wrbtrader> recent 3 trades all early entries
[10:25:27] <Tigerman______> I ll just post few fast trdes here
[10:25:49] <Tigerman______> tiny trades ... large size finish x today
[10:26:26] <wrbtrader> More contraction showing up
[10:27:07] <Tigerman______> wrbtrader are there available surge mask in shops ? i mean in your town?
[10:27:35] <wrbtrader> Never heard of a "surge mask"
[10:27:37] <Tigerman______> some countries very difficult to find them
[10:28:24] <Tigerman______> oops surgical mask
[10:28:39] <wrbtrader> Hospitals have them here
[10:28:47] <Tigerman______> or ffpt2 or N95 mask
[10:29:10] <wrbtrader> I got my masks from the hospitals at my last two appointments
[10:29:34] <wrbtrader> They freely gave them to me
[10:29:50] <Tigerman______> yeah do you wear it and is it prescribed by law in your area ?
[10:30:05] <Tigerman______> when peope goes around ?
[10:30:28] <werner1> Long Emini NQ @ 9378.50
[10:30:41] <Tigerman______> also we need remember surgical mask ae good for few hours at max
[10:30:42] <wrbtrader> I only wear it in the Hospital but its a habit for me...been wearing masks since my illness in 2016 whenever I go the hospital
[10:30:59] <werner1> Exited all Emini NQ Long @ 9387.50 --> + 9
[10:31:01] <wrbtrader> I also wear my medical googles too
[10:31:25] <werner1> we sell mask in our store
[10:31:33] <Tigerman______> ok you and people in your area wear mask when in shop or outide in free air ?
[10:31:34] <wrbtrader> Most people don't realize that the eyes are the "most common" way for any dropplets to infect a person
[10:32:00] <Tigerman______> yeah eyes too
[10:32:09] <werner1> germany need mask in shop
[10:32:27] <wrbtrader> I've always seen people in the hospitals wearing masks...many do...not everyone
[10:32:36] <werner1> netherlands need mask in bus ..when they travel
[10:33:19] <Tigerman______> yeah many different rulez in different countries
[10:33:29] <werner1> yep
[10:33:34] <Tigerman______> NY city hit very hard
[10:33:35] <wrbtrader> I got a phone call last week from the hospital about my schedule blood transfusion
[10:33:40] <wrbtrader> I cancelled it
[10:34:05] <wrbtrader> Not going anywhere near the hospital for a long while unless I'm critically ill
[10:34:29] <werner1> wise
[10:34:40] <Tigerman______> yeah ..problem is virus can be everywhere
[10:35:14] <Tigerman______> worst most people not show any sign of it that is the nightmare
[10:35:23] <werner1> i have had it :((
[10:35:55] <wrbtrader> Rule of thumb...if they're not wearing a mask...assume they're infected :)
[10:36:03] <Tigerman______> wow do they test it via throat stick ?
[10:36:20] <werner1> yep
[10:36:40] <Tigerman______> anyway this pandemic killed people social life and work
[10:36:55] <Tigerman______> here many small firm are closing
[10:37:25] <werner1> where do you live
[10:38:08] <Tigerman______> north italy near austria these days
[10:38:15] <werner1> wow
[10:38:36] <werner1> i was infectect on ski
[10:38:42] <werner1> at ischgl
[10:39:04] <Tigerman______> good x people survived
[10:39:42] <werner1> :)
[10:39:58] <Tigerman______> close friends don t know how to reopen hair and nail saloon
[10:40:08] <werner1> now there is a clam aganst ischgl
[10:40:18] <wrbtrader> That strange thing is that back in 2016 when I became ill with a deadly infection, coma, life support, ventilator and then quarantine...
[10:40:20] <werner1> more then 5000
[10:40:24] <Tigerman______> they have ony the saloon to survive
[10:40:31] <wrbtrader> Nobody could relate to what happen to me until NOW
[10:40:46] <wrbtrader> Sadly, its become the norm in the news
[10:41:19] <wrbtrader> These illnesses are "deadly" and they can cause a person economic disaster if not prepared
[10:41:30] <Tigerman______> yeah :(
[10:41:36] <werner1> indd
[10:41:47] <wrbtrader> Shorts Emini ES @ 2940.00 -> large size
[10:41:54] <wrbtrader> 10 contracts
[10:41:58] <wrbtrader> chasing the volatility
[10:42:14] <Tigerman______> sh ES 2940
[10:42:34] <wrbtrader> now it stalls :(
[10:42:54] <Tigerman______> exit all @ 39.75 +.25
[10:43:38] <wrbtrader> Covered all Emini ES Short @ 2939.50 --> + 0.5
[10:43:53] <Tigerman______> sh ES @ 2939 re-enter
[10:43:54] <wrbtrader> volatility surge dried up fast :(
[10:44:56] <Tigerman______> exit all @ 38.75 +.25 :(
[10:45:51] <werner1> https://www.politico.eu/article/the-aus ... continent/
[10:47:02] <werner1> https://www.bbc.com/news/world-europe-52007104
[10:55:56] <wrbtrader> Sad story
[10:56:22] <werner1> indd :(
[10:56:27] <wrbtrader> I have a condo at a ski resort about an hours drive from my home.
[10:56:54] <werner1> i know ..very nice :)
[10:57:01] <wrbtrader> They were having meetings about the impact on businesses at the Ski resort if they would close down.
[10:57:32] <wrbtrader> I spoke up at one meeting and reminded them that I was the ONLY one wearing a mask and medical googles :)
[10:57:59] <wrbtrader> Also, the only business impacted were so few...the owners already rich
[10:59:02] <werner1> yeah indd
[10:59:35] <wrbtrader> If they stayed open...allowing anyone to show up to catch a few weeks of snow during a time when income at the shops are normally on a decline (month of March)...
[11:00:30] <wrbtrader> They would risk not having a Ski season in the coming winter of 2020 beginning in December of this year
[11:00:57] <werner1> tss
[11:01:09] <wrbtrader> I was told to sit down :)
[11:01:22] <werner1> :(
[11:01:40] <wrbtrader> A week later...government shut everything down
[11:01:50] <wrbtrader> Meeting was not even necessary :)
[11:01:57] <werner1> djeez
[11:03:23] <wrbtrader> I have a photography store in France...
[11:03:31] <wrbtrader> 10 employees are furlough
[11:03:45] <wrbtrader> I'm mainly paying everyone out of my own pockets
[11:04:09] <werner1> ai
[11:04:14] <wrbtrader> I can afford to do that into next spring of 2021
[11:04:56] <wrbtrader> The issue is insurance
[11:05:02] <werner1> here in the netherlands the goverment pays 90% of the salari back
[11:05:54] <wrbtrader> A lot of insurance companies are finding ways to "not pay up" if a disaster happens while closed (e.g. store burns down, flood, place robbed while closed)
[11:05:57] <wrbtrader> Its crazy
[11:06:44] <wrbtrader> A few more months like this...its going to be survival of the fitess
[11:06:52] <wrbtrader> Darwinism
[11:07:01] <werner1> indd
[11:20:06] <Tigerman______> lg es 2951.75
[11:20:13] <Tigerman______> just I m back
[11:21:02] <Tigerman______> exit all @ 2952 +.25
[11:22:01] <Tigerman______> today as soon vola show up... finish in seconds
[11:48:18] <werner1> ok...cya
[11:48:30] <Tigerman______> bye
[12:13:27] <Tigerman______> ok finish here x today
[12:13:33] <Tigerman______> take care all see next time
[12:30:02] <wrbtrader> Everything in the playbook not working well today :(
[12:33:02] <asuni> fortunately i avoided a lot of trades where i would be in gain........... but only after catching my stop :-(
[13:20:15] <wrbtrader> It's a tough trading day as the VIX continues to mean revert and now sitting around the 28 price area
[13:20:32] <wrbtrader> Each time it drops...trading becomes more difficult
[13:26:33] <asuni> Last 8 minutes ED 2950.00/2950.50
[13:44:06] <wrbtrader> that was a very tight trading range
[14:05:09] <asuni> FOMC member is speeking
[14:09:19] <asuni> speaking
[14:11:46] <wrbtrader> Pres Trump was speaking too
[14:59:53] <asuni> waited all the day for this move! Finally
[15:00:18] <wrbtrader> :)
[15:00:26] <wrbtrader> Big Move You Got
[15:04:12] <wrbtrader> Shorts Emini ES @ 2940.50 -> small size
[15:04:16] <wrbtrader> 3 contracts
[15:05:19] <wrbtrader> Covered all Emini ES Short @ 2942.00 --> - 1.5
[15:06:09] <wrbtrader> Shorts Emini ES @ 2943.50 -> small size
[15:06:17] <wrbtrader> 3 contracts
[15:06:50] <wrbtrader> Covered Emini ES Short @ 2943.75 --> - 0.25
[15:06:50] <wrbtrader> Reverse and Enter Long Emini ES @ 2943.75
[15:11:02] <wrbtrader> Wow
[15:11:04] <asuni> wowowowowwwwww
[15:11:10] <wrbtrader> suddenly got spikey
[15:11:12] <asuni> great reverse
[15:11:33] <wrbtrader> Exited all Emini ES Long @ 2953.00 --> + 9.25
[15:11:35] <asuni> i'm curoius to know where u saw the reverse signal
[15:11:47] <wrbtrader> There
[15:11:54] <wrbtrader> was not reverse signal
[15:12:17] <wrbtrader> Its a news related trade when the price action suddenly spikes like that on news...
[15:12:45] <wrbtrader> It has a tendency to reverse if the news seems to originally was a rumor
[15:14:21] <asuni> dinner time
[15:14:25] <asuni> cu tomorrow
[15:14:28] <asuni> take care
[15:14:35] <wrbtrader> Ok...take care
[15:16:20] <wrbtrader> Algo's most likely behind that price movement
[15:19:10] <wrbtrader> I'm surprised that when it started spiking back upward...it didn't fill in the first Down WRB Hidden GAP interval
[15:19:21] <wrbtrader> Usually it does in situations like this
[15:22:24] <wrbtrader> Long Lower Shadow interval in a very strange price area
[15:23:19] <wrbtrader> Shorts Emini ES @ 2944.50 -> small size
[15:23:24] <wrbtrader> 3 contracts
[15:23:43] <wrbtrader> This price action is now psycho :)
[15:24:19] <wrbtrader> WRB pt1 reached
[15:25:26] <wrbtrader> now below the S area of that Long Lower Shadow interval
[15:26:06] <wrbtrader> trailing stop @ profit
[15:26:17] <wrbtrader> just in case it does a crazy spike back upwards again
[15:26:51] <wrbtrader> :(
[15:27:34] <wrbtrader> Price action trying hard to move back up the range of the Long Lower Shadow interval
[15:28:31] <wrbtrader> Covered all Emini ES Short @ 2943.75 --> + 0.75
[15:30:20] <wrbtrader> Getting more jumpy now
[15:30:57] <wrbtrader> Shorts Emini ES @ 2941.00 -> small size
[15:31:06] <wrbtrader> 3 contracts re-entry
[15:31:14] <wrbtrader> poor re-entry
[15:32:05] <wrbtrader> back below the S area of the Long Lower Shadow interval
[15:33:08] <wrbtrader> Covered all Emini ES Short @ 2940.25 --> + 0.75
[15:33:17] <wrbtrader> geeesh
[15:35:00] <wrbtrader> Like trying to catch "Jumpy Jelly Beans"
[15:35:35] <wrbtrader> I use to sing that song to my kids on long car drives on vacation when they was toddlers to keep them calm @ https://www.youtube.com/watch?v=AUm4n1SgzuU
[15:35:40] <wrbtrader> :)
[15:36:30] <wrbtrader> Shorts Emini ES @ 2934.50 -> medium size
[15:36:36] <wrbtrader> 5 contracts
[15:37:04] <wrbtrader> now below the most recent reaction low...the same low of the sudden fast volatility sell off
[15:39:41] <wrbtrader> Covered all Emini ES Short @ 2932.00 --> + 2.5
[15:41:30] <wrbtrader> Long Emini ES @ 2933.50 -> medium size
[15:41:32] <wrbtrader> 5 contracts
[15:44:04] <wrbtrader> Exited all Emini ES Long @ 2934.25 --> + 0.75
[15:44:39] <wrbtrader> that was an intuition trade
[15:47:40] <wrbtrader> Shorts Emini ES @ 2931.00 -> medium size
[15:47:53] <wrbtrader> 5 contracts re-entry
[15:48:16] <wrbtrader> poor entries on these Shorts back down
[15:48:52] <wrbtrader> That prior intuition trade messed up the prep for this Short
[15:49:50] <wrbtrader> Market Depth still declining
[15:49:59] <wrbtrader> trail stop @ profit
[15:50:53] <wrbtrader> The news on Mederna re-hitting the markets again
[15:53:14] <wrbtrader> WRB pt1 reached
[15:53:24] <wrbtrader> Will try to hold this into the Close
[15:54:17] <wrbtrader> For a possible 10 - 12 pointer
[15:59:16] <wrbtrader> Market Depth has been straight down since that Mederma news release
[16:00:02] <wrbtrader> Covered all Emini ES Short @ 2917.25 --> + 13.75
[16:00:14] <wrbtrader> WRB pt3 reached
[16:00:58] <wrbtrader> Take care all and see all tomorrow
Session Closed
Mederna Stat News @ @ https://www.marketwatch.com/story/dow-stumbles-250-points-lower-in-final-half-hour-of-trade-as-report-throws-cold-water-on-moderna-vaccine-candidate-2020-05-19?mod=mw_quote_news


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