SpyGate Detection Table
SpyGate came alive at 14:00 ET when the daily early dissemination of Market On Close data is published for the floor brokers on the NYSE. This data filters out to traders via products like our MiM and creates a market reaction. In the chart above revealse that are traders that get their early imbalance data vary quickly. One algorithm took only twenty-four seconds to digest the information and set off a sell program at 14:00:24. The sell was an early indication to our traders the the MOC was a sell. Continuous sell programs remvoved any doubt as price was drinve down over 30 ES points.
Price Action during Program Trades
The sttBurst table when translated to a time price chart using green arrows for buy-programs and red provides a clear pattern. The program trades add directional momentum to the price action. If the momentum is down and programs are firing sell programs it is best to join the bots. Once momentum changes and the bot direction changes consider exiting or reversing. Like all signals it is not always as clear as the example from yestready.
Going long betwen 14:00 and 14:45 while sell-programs were firing was impossible. Sell-programs prevented any revesal action and added to the downside momentum.
SpyGate can not guess the motivation of the trade or whether it is a closing trade or opening trade.
What is SpyGate:
SpyGate is a proprietary tape reader that analyses price action on all the exchanges and sniffs out unusual trades. This detector follows price action and accumulaties adpative knowledge using of Machine Learning (ML) and Deep Learning Artifical Intelligence (AI) to deduce alogrithm and program trades as they are exectuing. The first implementation detects STTBursts ( Simulatanousely Triggered Trades). These trades are in the many thousands and millions of doallars and are executed all at once on many different symbols. This product is under heavy development and currently available free for our traders in our TradeChat trading room along with the MiM and live breaking news. You can join us by purchasing a subscription to the MiM.