[09:39:49] <@wrbtrader> Good morning...
[09:41:24] <@wrbtrader> Shorts Emini ES @ 4255.25 -> small size
[09:41:30] <@wrbtrader> 2 contracts
[09:41:44] <@wrbtrader> chasing
[09:42:25] <@wrbtrader> Covered all Emini ES Short @ 4251.00 --> + 4.25
[09:42:48] <@wrbtrader> VIX @ 28.80
[09:52:43] <@wrbtrader> Someone once stated the following here in the chat room...
[09:53:39] <@wrbtrader> "When I draw a trendline on my screen, price neither cares nor acknowledges the fact that this line exist, it is created by a program and show in my computer screen. So when I draw this imaginary line on a chart, why does price respect it? Bounce off the WRB Zone s/r levels or break through the levels ?"
[09:56:23] <@wrbtrader> Answer: The charts, or price action on the charts..,are nothing more that the psychological cycles of fear and greed being played out by the key participants of the markets. Those key participants have cycles, behavior tendencies when price approaches a price that the keyh participant has a trade position. That action may be to buy, sell or add to their position.
[10:01:01] <@wrbtrader> Shorts Emini ES @ 4245.50 -> small size
[10:01:12] <@wrbtrader> 3 contracts early entry
[10:03:18] <@wrbtrader> Covered all Emini ES Short @ 4241.25 --> + 4.25
[10:04:30] <@wrbtrader> The price action is a little too fast for me...very difficult to adjust my trail stops as its bouncing around very fast
[10:05:01] <@wrbtrader> I'm just going to watch for a while to see if it can push further below the S area of a Key KME WRB Zone
[10:05:17] <@wrbtrader> VIX @ 29.06
[10:13:41] <TigerBoy___> gm all
[10:13:52] <TigerBoy___> just a short session x me here
[10:14:13] <TigerBoy___> too many personal things to care of
[10:14:26] <TigerBoy___> abput markets...
[10:14:36] <TigerBoy___> now ES near R from KEY area
[10:16:15] <TigerBoy___> now ES crossed down that R
[10:16:22] <TigerBoy___> just did a fast short
[10:16:44] <TigerBoy___> just price hit my trail stop
[10:20:00] <TigerBoy___> did another 2 re-entries
[10:20:07] <TigerBoy___> fast snap up here too
[10:20:20] <TigerBoy___> barely a very small wrb pt1
[10:20:40] <TigerBoy___> VIX above 29.50
[10:21:25] <@wrbtrader> Hi Tigerboy
[10:21:35] <TigerBoy___> hi wrbtrader
[10:21:56] <@wrbtrader> Emini ES futures now approaching a R area of a Key KME WRB Zone
[10:22:07] <TigerBoy___> today I hvae to do hit and run
[10:22:28] <@wrbtrader> Shorts Emini ES @ 4226.00 -> medium size
[10:22:33] <TigerBoy___> wrbtrader curiously ES approaching a S area
[10:22:37] <@wrbtrader> 4 contracts
[10:22:38] <TigerBoy___> in my chart
[10:23:23] <@wrbtrader> Covered all Emini ES Short @ 4227.25 --> - 1.25
[10:23:34] <TigerBoy___> it is now in mid of KEY Kme area and snap up
[10:23:47] <@wrbtrader> Shorts Emini ES @ 4228.50 -> medium size
[10:23:57] <@wrbtrader> 4 contracts re-entry
[10:25:12] <@wrbtrader> Covered all Emini ES Short @ 4225.25 --> + 3.25
[10:25:26] <@wrbtrader> bailed...not a WRB pt1
[10:25:38] <@wrbtrader> The price action is still very fast today
[10:25:44] <@wrbtrader> fast with chop too
[10:26:10] <TigerBoy___> yep that chop it is alway pain x me
[10:26:21] <@wrbtrader> It will slow down when Emini ES can get back below that S area...slow down as in less chop
[10:26:30] <TigerBoy___> cause too many fast exit on stops
[10:27:05] <@wrbtrader> Shorts Emini ES @ 4224.75 -> small size
[10:27:11] <@wrbtrader> 2 contracts
[10:27:47] <@wrbtrader> now below the R area...back UP above it
[10:28:23] <TigerBoy___> I did a short here @ 4222
[10:28:35] <@wrbtrader> Covered all Emini ES Short @ 4227.25 --> - 2.5
[10:28:37] <TigerBoy___> exit @ 4225 -3 points loss
[10:28:45] <@wrbtrader> chopping fast again
[10:28:50] <TigerBoy___> good I use low size
[10:29:59] <@wrbtrader> Long Emini ES @ 4229.50 -> small size
[10:30:04] <@wrbtrader> 1 contract
[10:30:53] <@wrbtrader> Exited Emini ES Long @ 4230.25 --> + 0.75
[10:31:00] <@wrbtrader> crazy chop
[10:31:49] <TigerBoy___> agreed
[10:32:18] <TigerBoy___> wrbtrader able to manage these choppy action is mandatary
[10:34:43] <@wrbtrader> Today's price action reminds of that price action earlier in the year when Omicron hit
[10:34:54] <@wrbtrader> lightning fast chop
[10:36:03] <TigerBoy___> fast chop is x me one of the most difficult things ta manage
[10:36:21] <TigerBoy___> force me to do too many entries and re-entries
[10:36:50] <TigerBoy___> I prefer not let a loss became too huge
[10:39:59] <TigerBoy___> ES reach a S from Key Kme area ... just snap up fast from there
[10:46:37] <TigerBoy___> ES crossed again that R
[10:46:42] <TigerBoy___> anyway I exit here
[10:46:55] <TigerBoy___> take care wrbtrader see you next time
[10:49:07] <@wrbtrader> Ok...take care
[10:49:30] <@wrbtrader> Long Emini ES @ 4222.00 -> small size
[10:49:36] <@wrbtrader> 1 contract
[10:50:03] <@wrbtrader> Exited Emini ES Long @ 4223.25 --> + 1.25
-
[12:08:08] * Now talking in #ThestrategyLab
[12:21:31] <@wrbtrader> Long Emini ES @ 4218.00 -> small size
[12:21:35] <@wrbtrader> 3 contracts
[12:22:07] <@wrbtrader> R area above...ES acting like its not sure if it wants to retest it
[12:22:46] <@wrbtrader> still a lot of bouncing around in the price action after I took a break from it
[12:29:03] <@wrbtrader> Exited all Emini ES Long @ 4229.25 --> + 11.25
[12:30:48] <@wrbtrader> WRB pt2 above the R area of the Key KME WRB Zone
[12:38:48] <@wrbtrader> back below the R area and inside the Key KME WRB Zone
[12:38:56] <@wrbtrader> approaching the midpoint
[14:43:22] <@wrbtrader> Shorts Emini ES @ 4204.00 -> small size
[14:43:33] <@wrbtrader> 2 contracts
[14:43:52] <@wrbtrader> early entry
[14:46:38] <@wrbtrader> Covered all Emini ES Short @ 4199.75 --> + 4.25
-
[14:55:14] <@wrbtrader> Ok...I'm back but have decided to take a break from trading for the rest of the day. I'm just a little mentally distracted. Take care and see you tomorrow
Session Close
Bloomberg Markets: Beyond Bell (04/26/2022) @ Bloomberg Video: Beyond The Bell Hashtag Keywords: #wrbanalysis, #wrbzone #keywrbzone #wrbhiddengap #volatilityanalysis
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