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072920-TheStrategyLab-Chat-Room-Key-Markets.png [ 5.24 MiB | Viewed 197 times ]
click on the above image to view today's price action of key markets Bloomberg Markets: The Open Full Show (07/29/2020)
@ https://www.bloomberg.com/news/videos/2020-07-29/-bloomberg-the-open-full-show-7-29-2020-video [09:30:05] * Now talking in ##TheStrategyLab
[09:34:00] <wrbtrader> Good morning
[09:34:09] <asuni> good morning
[09:36:53] <wrbtrader> Shorts Emini ES @ 3224.00 -> large size
[09:37:01] <wrbtrader> 10 contracts
[09:37:18] <wrbtrader> almost had it @ 3224.50
[09:37:31] <wrbtrader> too slow...maybe should have waited a little longer
[09:38:41] <wrbtrader> Covered all Emini ES Short @ 3224.50 --> - 0.5
[09:39:33] <wrbtrader> Shorts Emini ES @ 3224.50 -> large size
[09:39:44] <wrbtrader> 10 contracts re-entry
[09:42:23] <wrbtrader> Covered all Emini ES Short @ 3225.00 --> - 0.5
[09:43:54] <wrbtrader> Big KME today @ 2pm est via FOMC Statement
[09:45:06] <wrbtrader> Shorts Emini ES @ 3224.75 -> large size
[09:45:17] <wrbtrader> 10 contracts re-entry
[09:46:15] <wrbtrader> Covered all Emini ES Short @ 3224.50 --> + 0.25
[09:46:30] <wrbtrader> small WRB pt1 reached but not fast enough to grab it
[09:46:53] <wrbtrader> Seems like I'm a little slow today in my reaction
[09:48:12] <wrbtrader> Shorts Emini ES @ 3224.00 -> large size
[09:48:16] <wrbtrader> 10 contracts re-entry
[09:48:50] <wrbtrader> a lot of chop so far
[09:50:10] <wrbtrader> Covered all Emini ES Short @ 3223.25 --> + 0.75
[09:50:26] <wrbtrader> small WRB pt1 reached...not able to grab it
[09:52:08] <wrbtrader> Long Emini ES @ 3224.25 -> large size
[09:52:12] <wrbtrader> 10 contracts
[09:53:44] <wrbtrader> Exited all Emini ES Long @ 3223.25 --> - 1
[09:54:28] <wrbtrader> Long Emini ES @ 3223.75 -> large size
[09:54:39] <wrbtrader> 10 contracts re-entry
[09:55:22] <wrbtrader> WRB pt1 reached
[09:55:47] <wrbtrader> Exited all Emini ES Long @ 3227.75 --> + 4 [09:58:29] <wrbtrader> I'm a little surprised that its trying to spike like this - Upwards
[09:59:34] <asuni> it could be time to go down
[10:00:25] <wrbtrader> I'm still bearish too
[10:00:39] <wrbtrader> Just not going my way on the Shorts the way I wanted it to go
[10:00:50] <asuni> a little divergence too
[10:01:19] <wrbtrader> Yet, lately I've been more alert about the Short Squeezes in the market recently
[10:01:46] <asuni> like now
[10:02:49] <wrbtrader> Yep
[10:03:58] <asuni> i learned that when i see a upper shadow with higher highs (NQ), is better to wait for an up retracement to see if the upper shadows take the price below, before going short
[10:15:35] <asuni> it seems impossible that they don't go down
[10:16:25] <wrbtrader> Not sure what's keeping this up
[10:16:41] <wrbtrader> Creeper Short Squeeze
[10:20:54] <wrbtrader> Short Squeezes are very common on FOMC statements days
[10:21:30] <wrbtrader> reason why I use tight stops and tight trail stops on Short positions on FOMC statement days
[10:30:51] <asuni> no reaction at KME
[10:49:16] <asuni> do u think price action will be stuck till 2pm?
[12:22:39] <wrbtrader> Its the norm to see a lot of range going into the FOMC Announcement
[12:23:03] <wrbtrader> Any volatility or directional price movement that shows up...always a plus
[12:33:37] <wrbtrader> another Short Squeeze
[12:34:26] <wrbtrader> Long Emini ES @ 3237.75 -> small size
[12:34:29] <wrbtrader> 3 contracts
[12:36:12] <wrbtrader> Exited all Emini ES Long @ 3239.50 --> + 1.75
[12:36:24] <wrbtrader> WRB pt1 reached
[12:50:16] <wrbtrader> Shorts Emini ES @ 3238.75 -> small size
[12:50:20] <wrbtrader> 2 comtracts
[12:51:25] <wrbtrader> Covered all Emini ES Short @ 3239.25 --> - 0.5
[14:01:58] <wrbtrader> Shorts Emini ES @ 3237.00 -> large size
[14:02:01] <wrbtrader> 10 comtracts
[14:02:22] <wrbtrader> Covered all Emini ES Short @ 3238.00 --> - 1
[14:04:01] <wrbtrader> Shorts Emini ES @ 3239.50 -> large size
[14:04:05] <wrbtrader> 10 comtracts re-entry
[14:04:49] <wrbtrader> Covered all Emini ES Short @ 3238.00 --> + 1.5
[14:05:32] <wrbtrader> Long Emini ES @ 3238.00 -> large size
[14:05:40] <wrbtrader> 10 comtracts
[14:07:01] <wrbtrader> moving up the range of a Long Upper Shadow interval
[14:11:31] <wrbtrader> creeping into a Short Squeeze
[14:11:55] <wrbtrader> Exited all Emini ES Long @ 3242.00 --> + 4 [14:11:59] <wrbtrader> trail stop picked
[14:12:40] <wrbtrader> Long Emini ES @ 3241.75 -> small size
[14:12:48] <wrbtrader> 3 contracts
[14:14:04] <wrbtrader> Exited all Emini ES Long @ 3242.00 --> + 0.25
[14:14:10] <wrbtrader> trail stop picked
[14:21:02] <wrbtrader> Shorts Emini ES @ 3242.00 -> small size
[14:21:10] <wrbtrader> 2 contracts
[14:22:12] <wrbtrader> Covered all Emini ES Short @ 3243.00 --> - 1
[14:27:47] <wrbtrader> Shorts Emini ES @ 3243.00 -> small size
[14:28:03] <wrbtrader> 2 contracts re-entry
[14:28:45] <wrbtrader> may have got sucker into trading a new tight trading range that has shown up
[14:30:23] <wrbtrader> Covered all Emini ES Short @ 3243.50 --> - 0.5
[14:30:56] <wrbtrader> Long Emini ES @ 3244.25 -> small size
[14:31:12] <wrbtrader> 2 contracts on the Short Squeeze
[14:32:32] <wrbtrader> Exited all Emini ES Long @ 3247.75 --> + 3.5 [14:32:41] <wrbtrader> WRB pt1 reached
[14:36:49] <wrbtrader> Long Emini ES @ 3248.25 -> small size
[14:36:56] <wrbtrader> 2 contracts re-entry
[14:45:18] <wrbtrader> Exited all Emini ES Long @ 3252.00 --> + 3.75 [14:45:29] <wrbtrader> WRB pt1 reached
[15:42:53] <wrbtrader> Shorts Emini ES @ 3253.00 -> small size
[15:42:58] <wrbtrader> 2 contracts
[15:45:21] <wrbtrader> choppy
[15:49:00] <wrbtrader> Covered all Emini ES Short @ 3251.00 --> + 2
[15:49:22] <wrbtrader> dumped it...not a trail stop pick
[16:00:15] <wrbtrader> Take care all and see all tomorrow
Session Close
Bloomberg Markets: The Close' Full Show (07/29/2020)
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