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click on the above image to view today's price action of key markets Bloomberg Markets: The Open Full Show (06/16/2020)
@ https://www.bloomberg.com/news/videos/2020-06-16/-bloomberg-the-open-full-show-6-16-2020-video [09:31:41] * Now talking in ##TheStrategyLab
[09:35:02] <wrbtrader> Crazy overnight / premarket price rise as a huge Short squeeze
[09:35:13] <wrbtrader> Its been awhile since I've seen something like that
[09:36:03] <asuni> now inside KME WRB
[09:36:17] <wrbtrader> Yep
[09:37:20] <wrbtrader> Long Emini ES @ 3133.75 -> small size
[09:37:22] <wrbtrader> 3 contracts early entry
[09:37:50] <Tigerman______>
all
[09:38:04] <Tigerman______> Big Up open today
[09:38:17] <Tigerman______> a fast sell off at open
[09:38:32] <wrbtrader> Exited all Emini ES Long @ 3137.25 --> + 3.5
[09:38:34] <Tigerman______> good to expoit that if one was fast enought
[09:38:54] <wrbtrader> early exit
[09:38:59] <wrbtrader> Not a WRB pt1
[09:40:10] <Tigerman______> now price fight inside that KME WRB HG early
[09:41:12] <wrbtrader> Long Emini ES @ 3134.25 -> small size
[09:41:22] <wrbtrader> 3 contracts re-entry
[09:41:42] <wrbtrader> Exited all Emini ES Long @ 3132.25 --> - 2
[09:42:27] <wrbtrader> Long Emini ES @ 3133.00 -> small size
[09:42:36] <wrbtrader> 3 contracts re-entry
[09:42:51] <wrbtrader> Emini ES stuck in cement right now
[09:42:54] <wrbtrader>
[09:43:48] <wrbtrader> Should easily be at 3140 by now
[09:44:23] <wrbtrader> Exited all Emini ES Long @ 3133.25 --> + 0.25
[09:44:33] <wrbtrader> geeesh
[09:44:50] <Tigerman______> yeah glued here ...as I told a fight
[09:45:05] <wrbtrader> Long Emini ES @ 3133.00 -> small size
[09:45:11] <wrbtrader> 3 contracts
[09:45:24] <wrbtrader> in the range of a Long Upper Shadow interval
[09:47:07] <wrbtrader> Exited all Emini ES Long @ 3135.50 --> + 2.5
[09:47:16] <wrbtrader> trail picked pocketed
[09:49:12] <Tigerman______> hi wrbtrader did you some stats about exit with a trail hit vs exit with a portion at first spike or Wrb pt1 and then set the trail for the remainders
[09:49:28] <Tigerman______> like your last long
[09:50:12] <Tigerman______> I mean I try exit with 2/3 at 3138 the let the trail hit or exit with higher target
[09:50:20] <Tigerman______> not sure if I am clear
[09:51:21] <wrbtrader> Tigerman...I use to keep stats on that until I became ill
[09:51:32] <wrbtrader> back in 2016
[09:52:13] <Tigerman______> OK what frustrate me is reach a good target then price retrace against me
[09:52:18] <wrbtrader> Had about 10 years of stats on that but I lost it after I came home from the hospital.
[09:52:46] <Tigerman______> lost because OC crash or what
[09:52:53] <Tigerman______> OC=PC
[09:53:09] <wrbtrader> I had that data on a portable hard-drive
[09:53:44] <Tigerman______> just moving trail stops and exiting in more rounds is Very stressful
[09:53:46] <wrbtrader> After I returned home...couldn't find that small portable hard drive that has all my statistical analysis on it
[09:53:54] <Tigerman______> wow
[09:54:43] <Tigerman______> what I hate more is lose personal photo
[09:55:08] <Tigerman______> not sure if you know ...I like photo and media
[09:55:09] <wrbtrader> Long Emini ES @ 3129.00 -> large size
[09:55:12] <wrbtrader> 10 contracts
[09:55:44] <Tigerman______> I need find time to scan and put my old prints in digital
[09:56:31] <wrbtrader> I need some help now with this trade...need volatility to show up
[09:56:35] <Tigerman______> expecially tapes when I skating with pro
[10:00:15] <wrbtrader> Exited all Emini ES Long @ 3130.25 --> + 1.25
[10:00:37] <wrbtrader> trail stop picked
[10:00:58] <wrbtrader> Long Emini ES @ 3133.00 -> large size
[10:01:07] <wrbtrader> 10 contracts re-entry
[10:01:12] <wrbtrader> puncks
[10:01:31] <wrbtrader> stole my trail and then moved it back upwards
[10:02:09] <wrbtrader> Exited all Emini ES Long @ 3133.75 --> + 0.75
[10:02:17] <wrbtrader> trail picked again
[10:02:19] <wrbtrader> geeeesh
[10:03:06] <wrbtrader> I've been hammering at this so that I'll be on the Long when it takes out the 3140 level
[10:03:41] <wrbtrader> Just ranging now
[10:04:03] <wrbtrader> Maybe it ran out of energy from the early morning huge uptrend
[10:04:55] <Tigerman______> lg mES 3135
[10:05:11] <Tigerman______> exit all @ 3136 +1
[10:05:50] <Tigerman______> lg mES 3135
[10:06:00] <wrbtrader> Long Emini ES @ 3136.50 -> large size
[10:06:11] <wrbtrader> 10 contracts re-entry
[10:06:22] <wrbtrader> All higher highs on my entries
[10:06:24] <Tigerman______> exit all @ 3138 +3
[10:06:53] <Tigerman______> lg mES 3138
[10:07:27] <wrbtrader> where's the volatility
[10:07:29] <wrbtrader> geeeesh
[10:07:48] <Tigerman______> exit all @ 3138.75 +.75
[10:07:59] <Tigerman______> all above fast trades experimental
[10:08:06] <wrbtrader> Exited all Emini ES Long @ 3137.00 --> + 0.5
[10:08:13] <wrbtrader> trail pick
[10:08:57] <wrbtrader> VIX > 31 but declining (the problem area) along with a creeper slow decline in Market Breadth (flatline like)
[10:09:07] <wrbtrader> Simply, no juice in the market right now
[10:09:52] <Tigerman______> yep algos punch each others
[10:10:11] <wrbtrader> No more trades for me until it breaks out of this range that has been occuring since 0930am est
[10:16:09] <wrbtrader> Long Emini ES @ 3138.00 -> large size
[10:16:25] <wrbtrader> 10 contracts re-entry
[10:16:30] <wrbtrader> geeesh
[10:17:14] <wrbtrader> Will hold on for a WRB pt1
[10:19:18] <Tigerman______> lg mES @ 3139
[10:19:27] <wrbtrader> Exited all Emini ES Long @ 3139.25 --> + 1.25
[10:20:07] <Tigerman______> exit all @ 3139 +0
[10:20:28] <wrbtrader> was hoping some volatility would show up to punch it above the R area as a WRB pt1
[10:20:56] <wrbtrader> Instead, it tap out when it hit the R area
[10:21:12] <Tigerman______> sh mES @ 3134
[10:21:27] <wrbtrader> Shorts Emini ES @ 3131.00 -> large size
[10:21:37] <wrbtrader> 10 contracts chasing
[10:21:44] <Tigerman______> exit @ @ 3130 +4
[10:22:05] <wrbtrader> Covered all Emini ES Short @ 3132.00 --> - 1
[10:23:46] <wrbtrader> Shorts Emini ES @ 3134.50 -> large size
[10:23:49] <wrbtrader> 10 contracts re-entry
[10:25:32] <wrbtrader> Covered all Emini ES Short @ 3136.50 --> - 2
[10:26:16] <wrbtrader> Long Emini ES @ 3138.00 -> large size
[10:26:26] <wrbtrader> 10 contracts
[10:26:35] <wrbtrader> right back where I started
[10:28:42] <wrbtrader> Back at the R area...struggling again at it
[10:29:36] <wrbtrader> Market Depth still creeping lower
[10:32:15] <wrbtrader> Something has a lease on this price action...won't let it get above the R area of that Down WRB Hidden GAP interval
[10:33:24] <wrbtrader> trailing @ profit
[10:34:09] <wrbtrader> Exited all Emini ES Long @ 3139.50 --> + 1.5
[10:34:16] <wrbtrader> trail picked again
[10:36:56] <werner1> hi all
[10:38:59] <werner1> wow 50point sell nq
[10:40:43] <Tigerman______> sh mES 3123
[10:41:10] <Tigerman______> exit all @ 3121 +2
[10:41:57] <wrbtrader> Shorts Emini ES @ 3119.50 -> large size
[10:42:05] <wrbtrader> 10 contracts
[10:42:09] <wrbtrader> below the S area
[10:42:36] <wrbtrader> Covered all Emini ES Short @ 3119.00 --> + 0.5
[10:43:05] <wrbtrader> Shorts Emini ES @ 3121.00 -> large size
[10:43:17] <wrbtrader> 10 contracts re-entry
[10:43:40] <Tigerman______> sh mES 3117.50
[10:43:43] <wrbtrader> I'm being aggressive here now that its below the S area
[10:44:23] <Tigerman______> exit all @ 3114.50 +3
[10:45:44] <Tigerman______> sh mES 3112
[10:46:06] <wrbtrader> Covered all Emini ES Short @ 3110.50 --> + 10.5 [10:46:20] <Tigerman______> exit all @ 11.50 +50
[10:46:28] <Tigerman______> nice wrbtrader
[10:46:56] <wrbtrader> during this Pandemic...just Shorting the S areas has had the most success
[10:47:27] <wrbtrader> missed my entry @ 3124.00
[10:47:43] <Tigerman______> yep crazy volatility back then
[10:47:49] <wrbtrader> Thus, chased it down by 3 points
[10:48:17] <wrbtrader> it moved to fast for me to grab a 3124 entry
[10:51:21] <Tigerman______> sh mES 3112
[10:51:36] <Tigerman______> exit 2/3 @ 3130
[10:51:50] <Tigerman______> meant 3110 +2
[10:52:59] <Tigerman______> exit rem @ 3107.50 +5
[11:01:00] <Tigerman______> sh mES @ 3073
[11:01:57] <Tigerman______> exit all @ 3066 +7
[11:29:45] <werner1> cya
[11:45:40] <Tigerman______> ok finish this session
[11:45:46] <Tigerman______> take care all see next time
[11:50:29] <wrbtrader> That 30min of down from 1050am - 1100am est open things up but now the volatility is contracting again
[12:52:28] * Now talking in ##TheStrategyLab
[13:20:41] <wrbtrader> Long Emini ES @ 3125.50 -> small size
[13:20:44] <wrbtrader> 3 contracts
[13:21:19] <wrbtrader> Exited all Emini ES Long @ 3124.50 --> - 1
[13:21:48] <wrbtrader> Long Emini ES @ 3125.50 -> small size
[13:22:00] <wrbtrader> 3 contracts re-entry
[13:23:11] <wrbtrader> Exited all Emini ES Long @ 3124.75 --> - 0.75
[13:24:12] <wrbtrader> Long Emini ES @ 3123.75 -> small size
[13:24:14] <wrbtrader> 3 contracts re-entry
[13:25:54] <wrbtrader> Exited all Emini ES Long @ 3124.25 --> + 0.5
[13:26:28] <wrbtrader> 2nd series of trades today where I got caught in an obvious range
[13:26:39] <wrbtrader> while using stops too tight
[13:27:33] <wrbtrader> Long Emini ES @ 3123.50 -> small size
[13:27:44] <wrbtrader> 3 contracts
[13:27:49] <wrbtrader> better entry price
[13:29:56] <wrbtrader> Exited all Emini ES Long @ 3125.25 --> + 1.75
[13:36:09] <wrbtrader> testing the most recent reaction low
[13:36:47] <wrbtrader> Shorts Emini ES @ 3117.75 -> small size
[13:36:50] <wrbtrader> 3 contracts
[13:37:04] <wrbtrader> now below
[13:37:49] <wrbtrader> Covered all Emini ES Short @ 3114.00 --> + 3.75
[13:37:59] <wrbtrader> small WRB pt1 reached
[15:23:27] <wrbtrader> Long Emini ES @ 3101.75 -> small size
[15:23:34] <wrbtrader> 1 contract
[15:31:40] <wrbtrader> Exited Emini ES Long @ 3107.25 --> + 5.5
[15:32:07] <wrbtrader> trail stop picked as soon as I moved it up from 3104 to 3107.25
[15:32:28] <wrbtrader> Long Emini ES @ 3107.75 -> small size
[15:32:37] <wrbtrader> 1 contract re-entry
[15:32:46] <wrbtrader> intuition
[15:33:04] <wrbtrader> small WRB pt1 reached
[15:35:38] <wrbtrader> Exited all Emini ES Long @ 3112.50 --> + 4.75
[15:38:11] <wrbtrader> Long Emini ES @ 3110.00 -> small size
[15:38:16] <wrbtrader> 1 contract re-entry
[15:38:58] <wrbtrader> Exited Emini ES Long @ 3108.00 --> - 2
[15:38:58] <wrbtrader> Reverse and Enter Short Emini ES @ 3108.00
[15:39:05] <wrbtrader> 1 contract
[15:40:17] <wrbtrader> Covered Emini ES Short @ 3108.25 --> - 0.25
[15:43:52] <wrbtrader> Shorts Emini ES @ 3102.00 -> small size
[15:44:01] <wrbtrader> 3 contracts
[15:45:20] <wrbtrader> Covered all Emini ES Short @ 3101.50 --> + 0.5
[15:46:05] <wrbtrader> Shorts Emini ES @ 3103.50 -> small size
[15:46:14] <wrbtrader> 3 contracts re-entry
[15:46:52] <wrbtrader> Covered all Emini ES Short @ 3103.25 --> + 0.25
[15:47:38] <wrbtrader> back above the R area of the most recent Down WRB Hidden GAP interval
[15:49:22] <wrbtrader> Shorts Emini ES @ 3101.25 -> small size
[15:49:42] <wrbtrader> 3 contracts on the S area breakdown in Emini NQ futures
[15:50:07] <wrbtrader> Covered all Emini ES Short @ 3103.75 --> - 2.5
[15:50:52] <wrbtrader> Long Emini ES @ 3109.00 -> small size
[15:51:02] <wrbtrader> snapback
[15:51:09] <wrbtrader> 3 contracts
[15:51:22] <wrbtrader> Exited all Emini ES Long @ 3107.00 --> - 2
[15:51:56] <wrbtrader> Shorts Emini ES @ 3101.00 -> small size
[15:52:07] <wrbtrader> 3 contracts
[15:53:02] <wrbtrader> Covered all Emini ES Short @ 3100.50 --> + 0.5
[15:53:44] <wrbtrader> Shorts Emini ES @ 3101.00 -> small size
[15:53:55] <wrbtrader> 3 contracts
[15:54:00] <wrbtrader> getting more jumpy
[15:55:23] <wrbtrader> Covered all Emini ES Short @ 3101.00 --> 0
[15:56:04] <wrbtrader> Long Emini ES @ 3103.00 -> large size
[15:56:11] <wrbtrader> 10 contracts
[15:56:16] <wrbtrader> pesty booger
[15:56:53] <wrbtrader> Exited all Emini ES Long @ 3103.50 --> + 0.5
[15:57:16] <wrbtrader> Long Emini ES @ 3106.00 -> large size
[15:57:31] <wrbtrader> 10 contracts re-entry
[15:58:46] <wrbtrader> Exited all Emini ES Long @ 3106.75 --> + 0.75
[15:58:51] <wrbtrader> (
[15:58:53] <wrbtrader> geeesh
[15:59:35] <wrbtrader> Long Emini ES @ 3106.50 -> large size
[15:59:41] <wrbtrader> trying to move up the range of the most recent Long Upper Shadow interval
[15:59:48] <wrbtrader> 10 contracts
[16:00:37] <wrbtrader> Exited all Emini ES Long @ 3114.00 --> + 7.5 [16:02:16] <wrbtrader> tough trades to the Long side...the snapbacks killed most of those trades until the last one
[16:02:26] <wrbtrader> Take care all and see all tomorrow
Session Closed
Bloomberg Markets: The Close' Full Show (06/16/2020)
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