[09:25:58] * Now talking in ##TheStrategyLab
[09:34:40] <wrbtrader> Another morning of mixed messages in the Emini Futures
[09:35:00] <wrbtrader> Its bad enough right now that it will setup a big volatility spike
[09:35:32] <wrbtrader> Long Emini ES @ 3694.00 -> large size
[09:35:57] <wrbtrader> 10 contracts
[09:37:17] <wrbtrader> Exited all Emini ES Long @ 3694.25 --> + 0.25
[09:38:48] <wrbtrader> Emini NQ broke its S area
[09:39:28] <Tigerman______>
all[09:39:38] <asuni>
[09:39:40] <Tigerman______> another disgusting open
[09:42:38] <wrbtrader> Shorts Emini ES @ 3694.00 -> large size
[09:42:50] <wrbtrader> 10 contracts
[09:44:44] <wrbtrader> Covered all Emini ES Short @ 3692.00 --> + 2
[09:44:54] <wrbtrader> WRB pt1 reached
[09:45:21] <wrbtrader> It should have either shot up several points or dropped like a rock by several points
[09:45:42] <wrbtrader> Couldn't find a reason to hold that any longer after a WRB pt1
[09:45:51] <wrbtrader> Now it drops
[09:46:53] <Tigerman______> Sh mES @ 3691.50
[09:47:26] <Tigerman______> exit all mES @ 3689.75 +1.75
[09:47:39] <asuni> 3686.5-3696 strong SR FED zone
[09:47:43] <Tigerman______> I wait for this short since open
[09:48:32] <Tigerman______> Lme @ 10am
[09:48:40] <Tigerman______> lme=kme
[09:49:13] <Tigerman______> meanwhile europe fight woth tjis new covid subgroup
[09:49:40] <Tigerman______> wow I m faster then my keybard sorry x lot of typos
[09:58:16] <wrbtrader> I just hope this new Covid strain doesn't cause too much problems...
[09:58:29] <wrbtrader> People already can't handle to first Covid-19
[09:58:44] <wrbtrader> Another will just make a bad situation much worst
[09:59:27] <Tigerman______> wrbtrader... UK medical stuff discovered this new strain hit hard kids and teen
[09:59:42] <wrbtrader>
[10:00:11] <Tigerman______> so it infect and spread very fast .. up 70 % more
[10:00:57] <Tigerman______> what makes me very sad. is : lot of people doesn t care no realize dangers
[10:01:16] <Tigerman______> still meet around with mask lowered under the chin
[10:02:15] <Tigerman______> in contrast when I need to go indoor places (especially hospitals) I wear K95 plus surgical mask
[10:02:33] <wrbtrader> VIX did a big gap down this morning...now @ 22.75
[10:02:40] <wrbtrader> very problematic that gap down
[10:03:39] <wrbtrader> Shorts Emini ES @ 3695.25 -> small size
[10:03:47] <wrbtrader> 3 contracts
[10:04:38] <Tigerman______> wrbtrader what concern you that VIX gap down ... lower volatility for today session
[10:06:00] <wrbtrader> Covered all Emini ES Short @ 3693.00 --> + 2.25
[10:06:08] <Tigerman______> SH NQ 12679
[10:06:08] <wrbtrader> small WRB pt1 reached
[10:06:57] <Tigerman______> exit all NQ @ 12677.50 +1.50
[10:07:05] <wrbtrader> Tigerman...that big gap down with the VIX already low means that the big move occurred prior to the Open and has a higher chance of being crappy price action after the Open
[10:07:08] <Tigerman______> snapback
[10:07:57] <wrbtrader> People tend to say you "can not predict" a trend but I prefer to say you can predict "crappy price action" to minimize the chances of blowing up
[10:08:58] <Tigerman______> ok thanks do you think the same as contrary = Big Up gap in VIX so worry big down move occured before open
[10:10:09] <Tigerman______> I mean usually with gap Up in VIX maybe we have a bit more room for a down move continuation ... considering more panic at open
[10:10:56] <Tigerman______> you can predict "crappy price action" yeah agreed this is a Strong tool when you are able to do such
[10:13:18] <Tigerman______> wrbtrader about new Covid version around UK and probably around EU and US right now...
[10:13:50] <Tigerman______> It is clear Schools are the maincluster
[10:14:41] <Tigerman______> I always thought School should be closed (as in person) in a pandemic.
[10:15:00] <Tigerman______> In contrast better use Net schoold
[10:18:48] <wrbtrader> Yeah...its clear but many countries are having problems to verify its the schools
[10:19:37] <wrbtrader> In contrast, they shut down businesses like bars, salons, restaurants because they can actually "see" the problem in those businesses
[10:19:50] <Tigerman______> simply not very smart
[10:20:06] <wrbtrader> The problem with schools...there's no observers (health officials) inside the schools to monitor the situation
[10:20:21] <wrbtrader> Instead, just teachers and principal of the schools
[10:20:36] <Tigerman______> they thought kids are immune ... in contrast they trasmit virus like adults,with this new version a lot more
[10:21:27] <Tigerman______> simply virus is airborn
[10:21:31] <wrbtrader> Parents have more difficulty in determining is their child has only a small fever due to a cold, stomach virus or mild case of the flu...
[10:21:52] <wrbtrader> This makes kids highly transmittable for Covid-19 because parents are not doctors
[10:22:03] <Tigerman______> once kid is infected spread virus inside family !!!
[10:22:12] <wrbtrader> Exactly
[10:22:30] <Tigerman______> expecially older one are at high risk
[10:23:04] <Tigerman______> simply best thing to do is close schools and put kids in remote learning
[10:23:11] <wrbtrader> I often hear the story of some adult dying and the family states that the person always wore a face mask and social distance but the fact is they had children that were NOT as careful
[10:24:05] <wrbtrader> Serious, I have kids and I don't wear a face mask inside my house when I'm with my kids
[10:24:09] <Tigerman______> problemsis at lunch in most schools kids eat in same place near each one
[10:24:25] <Tigerman______> wrbtrader... nobody do that
[10:24:26] <wrbtrader> Yet, out in public, stores and such...I always wear a face mask and social distance
[10:24:48] <wrbtrader> Thus, if I get sick from Covid-19...I know where the source is...it will be my kids
[10:25:07] <Tigerman______> probles is: a kid is infected at school
[10:25:13] <wrbtrader> Yep
[10:25:22] <Tigerman______> no social distance
[10:25:35] <Tigerman______> no proper air ventilation
[10:25:56] <Tigerman______> no proper isolation when a case spread in comunity
[10:26:50] <Tigerman______> in contrast some countries do good on like Australia
[10:26:51] <wrbtrader> My kids schools both spent about 50k upgrading their ventilation system and hiring disinfection cleaning crew twice a week
[10:27:30] <wrbtrader> So far, no infection whereas other schools nearby have had a few Covid-19 outbreaks and did not upgrade their ventilation systems
[10:28:15] <wrbtrader> Emini futures price action flat lined again
[10:28:24] <wrbtrader> It did it a few times yesterday too
[10:28:59] <wrbtrader> In the recent past I've been caught in that flatline like price action too many times
[10:29:09] <wrbtrader> Much more careful as of yesterday
[10:30:51] <Tigerman______> yeah those flatlines are so dangerous up/down going nowhere just good to lose money and stop picked up
[10:40:35] <Tigerman______> SH NQ 12690
[10:40:57] <Tigerman______> exit all NQ@ 12687.50 +2.5
[11:15:25] <Tigerman______> ok I exit here
[11:15:37] <Tigerman______> not sure if I ll be here tomorrow
[11:16:19] <Tigerman______> so MERRY CHRISTMAS !!!!
[11:16:37] <Tigerman______> stay safe outhere
[11:16:50] <Tigerman______> take care all see all next time bye
[11:16:56] <wrbtrader> Merry Christmas Tigerman
[11:17:06] <wrbtrader> Take care and keep it safe
[11:17:18] <Tigerman______> yep thanks
[12:22:17] <wrbtrader> Long Emini ES @ 3697.00 -> small size
[12:22:20] <wrbtrader> 3 contracts
[12:23:03] <wrbtrader> Exited all Emini ES Long @ 3696.25 --> - 0.75
[12:29:28] <asuni> es not following nq
[12:40:18] <wrbtrader> Long Emini ES @ 3698.25 -> small size
[12:40:28] <wrbtrader> 3 contracts
[12:42:36] <wrbtrader> Exited all Emini ES Long @ 3699.00 --> + 0.75
[12:42:48] <wrbtrader> early exit
[12:42:52] <wrbtrader> not a WRB pt1
[14:11:26] * Disconnected
[14:11:42] * Attempting to rejoin channel ##TheStrategyLab
[14:11:48] * Rejoined channel ##TheStrategyLab
[14:11:48] -ChanServ- [##TheStrategyLab] Chat room for day traders, swing traders, position traders using concepts from WRB Analysis to help improve the performance of their trade signal strategies. WRB Analysis free study guide @ http://www.thestrategylab.com/tsl/forum ... =119&t=718
[15:27:17] <asuni> I'LL NOT BE HERE TOMORROW
[15:27:24] <asuni> Marry Christmas!
[15:27:35] <asuni> Merry
[15:40:08] <wrbtrader> All day after the big gap down in the VIX...it has been slowly grinding lower
[15:40:24] <wrbtrader> Asuni...merry christmas and have a safe holidays
[15:44:50] <wrbtrader> Long Emini ES @ 3695.75 -> small size
[15:44:59] <wrbtrader> 3 contracts
[15:45:21] <wrbtrader> poor entry
[15:46:48] <wrbtrader> Exited all Emini ES Long @ 3694.75 --> - 1
[15:49:11] <wrbtrader> Shorts Emini ES @ 3693.75 -> small size
[15:49:22] <wrbtrader> 3 contracts on NQ break below S area
[15:49:52] <wrbtrader> Volatility also broke above its R area
[15:50:10] <wrbtrader> two signals at the same time...strong
[15:55:06] <wrbtrader> Covered all Emini ES Short @ 3688.00 --> + 5.75
[15:55:45] <wrbtrader> Shorts Emini ES @ 3688.00 -> small size
[15:55:55] <wrbtrader> 3 contracts re-entry
[15:56:35] <wrbtrader> Covered all Emini ES Short @ 3688.50 --> - 0.5
[15:57:34] <wrbtrader> Will not chase this Short again...not the type of market to do that going into the 4pm rush hour traffic.
[15:58:33] <wrbtrader> Merry Christmas all, have a nice vacation if you can in this Pandemic and be safe because we have tougher waters ahead for another month after Christmas
[15:59:08] <wrbtrader> Take care all and see you on December 28th Monday