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click on the above image to view today's price action of key markets Bloomberg Markets: The Open Full Show (09/21/2020)
@ https://www.bloomberg.com/news/videos/2020-09-21/-bloomberg-the-open-full-show-9-21-2020-video[09:14:05] * Now talking in ##TheStrategyLab
[09:46:21] <Tigerman______>
all
[09:46:34] <Tigerman______> fast sell off at open in ES
[09:50:36] <Tigerman______> fast action today via many news in asia
[09:51:01] <Tigerman______> now ES try recup the sell off
[09:53:59] <Tigerman______> UK bank cause some nervous investors
[09:56:06] <wrbtrader> Shorts Emini ES @ 3246.25 -> large size
[09:56:16] <wrbtrader> 10 contracts
[09:56:51] <wrbtrader> Covered all Emini ES Short @ 3248.00 --> - 1.75
[09:57:08] <wrbtrader> snapback Up
[09:57:08] <Tigerman______> too much contractidion right now in action
[09:58:11] <wrbtrader> Shorts Emini ES @ 3253.25 -> large size
[09:58:14] <wrbtrader> 10 contracts re-entry
[09:58:32] <wrbtrader> early re-entry
[09:58:47] <wrbtrader> Covered all Emini ES Short @ 3255.00 --> - 1.75
[09:59:19] <Tigerman______> wrbtrader... these snapback Up are really fast
[09:59:50] <Tigerman______> not so easy x me adjust my stops
[09:59:58] <wrbtrader> Shorts Emini ES @ 3254.00 -> large size
[10:00:03] <wrbtrader> 10 contracts
[10:00:18] <wrbtrader> So far, the early entries have been problematic for me
[10:00:54] <wrbtrader> Covered all Emini ES Short @ 3254.50 --> - 0.5
[10:01:31] <wrbtrader> Shorts Emini ES @ 3253.00 -> large size
[10:01:31] <Tigerman______> good you able to exit with small loss
[10:01:49] <wrbtrader> not small loss
[10:02:22] <wrbtrader> -0.5 is a small loss
[10:02:34] <wrbtrader> -1.75 is a big loss
[10:03:05] <wrbtrader> FOMC s/r levels being tested
[10:03:19] <Tigerman______> yeah infact I referer to that at 0.5
[10:03:31] <wrbtrader> Covered all Emini ES Short @ 3252.75 --> + 0.25
[10:03:43] <wrbtrader> correction...
[10:04:10] <wrbtrader> Covered all Emini ES Short @ 3242.75 --> + 10.25 [10:05:04] <wrbtrader> Bouncing off the old FOMC levels
[10:05:10] <Tigerman______> good you made it wrbtrader
[10:05:16] <wrbtrader> Shorts Emini ES @ 3241.00 -> large size
[10:05:22] <wrbtrader> 10 contracts
[10:05:27] <Tigerman______> catch a good spike
[10:05:41] <wrbtrader> now below the S level of the FOMC
[10:07:00] <Tigerman______> good you makes us note on that
[10:07:40] <wrbtrader> Covered all Emini ES Short @ 3240.25 --> + 0.75
[10:07:56] <wrbtrader> trail stop picked on the snapback Up
[10:07:59] <Tigerman______> today market is hit via IK banks and concern about covid19 again fear for lockdown
[10:08:23] <wrbtrader> I use two data vendors...
[10:08:31] <wrbtrader> One primary and one backup
[10:08:48] <wrbtrader> After the initial 3 losses and the fast moving price action...
[10:09:35] <wrbtrader> I open up my backup charts...they have my FOMC s/r levels...color coded for the different FOMC this year
[10:10:10] <wrbtrader> Price action has been bouncing off the FOMC levels from two FOMC's agao
[10:11:43] <wrbtrader> Long Emini ES @ 3246.00 -> large size
[10:11:45] <wrbtrader> 10 contracts
[10:12:27] <wrbtrader> Exited all Emini ES Long @ 3243.25 --> - 2.75
[10:12:46] <wrbtrader> correction...
[10:12:54] <wrbtrader> -2.75
[10:13:31] <wrbtrader> Didn't have a chance in that trade...instantly went against me upon entry
[10:13:41] <wrbtrader> fast
[10:13:46] <wrbtrader> too fast
[10:14:04] <Tigerman______> yep it happen to me many times
[10:14:14] <Tigerman______> it is very frustating
[10:14:28] <wrbtrader> Long Emini ES @ 3242.50 -> large size
[10:14:40] <wrbtrader> 10 contracts re-entry
[10:15:01] <wrbtrader> Exited all Emini ES Long @ 3241.00 --> - 1.5
[10:16:09] <Tigerman______> ES near today low
[10:17:19] <wrbtrader> Long Emini ES @ 3236.00 -> large size
[10:17:29] <wrbtrader> 10 contracts
[10:17:52] <wrbtrader> Exited all Emini ES Long @ 3237.00 --> +1.00
[10:19:10] <wrbtrader> Shorts Emini ES @ 3234.25 -> large size
[10:19:19] <wrbtrader> 10 contracts
[10:19:19] <Tigerman______> SH ES 3234
[10:19:25] <Tigerman______> sym trade
[10:19:48] <Tigerman______> exit 2/3 @ 3233 +1
[10:20:17] <wrbtrader> Covered all Emini ES Short @ 3233.50 --> + 0.75
[10:20:27] <wrbtrader>
[10:20:38] <Tigerman______> exit all @ 3234 +0
[10:20:46] <wrbtrader> Dow -733 points
[10:21:15] <wrbtrader> not even ann hour of trading after the regular session open
[10:22:12] <Tigerman______> sh ES 3231
[10:22:16] <wrbtrader> Shorts Emini ES @ 3231.25 -> large size
[10:22:20] <Tigerman______> sym trade
[10:22:26] <wrbtrader> 10 contracts intuition
[10:22:57] <Tigerman______> exit 2/3 @ 3230 +1p
[10:23:10] <wrbtrader> Covered all Emini ES Short @ 3229.25 --> + 2 [10:23:17] <wrbtrader> early exit
[10:23:21] <wrbtrader> not a WRB pt1
[10:23:44] <wrbtrader> Emini NQ has been somewhat stable
[10:24:02] <wrbtrader> too stable...its giving me a mixed picture on the volatility movement
[10:24:36] <Tigerman______> exit all rem @ 3228 ++3
[10:25:01] <Tigerman______> sym trade because don't wanna ruin daily profit
[10:25:08] <Tigerman______> I fight enought today
[10:25:15] <Tigerman______> also traded DAx session
[10:25:40] <Tigerman______> simply we need keep stress in control
[10:26:14] <Tigerman______> another test of today's low
[10:27:36] <Tigerman______> wrbtrader do you today or any other day some differencies in price in order book ES
[10:28:12] <Tigerman______> x example today I see different contract at ask and bid one vendoe vs the other
[10:28:27] <Tigerman______> price and last contract traded is same
[10:28:41] <wrbtrader> You know already I don't analyze the order book / DOM info
[10:28:47] <Tigerman______> just numbers of contracts offered or asked are different
[10:29:58] <Tigerman______> yeah I know.. simply usually I always look at first lines...
[10:30:13] <Tigerman______> so it is odd contracts not mach
[10:30:54] <wrbtrader> Emini NQ finally made a new intraday low on the regular session chart
[10:32:22] <wrbtrader> Shorts Emini ES @ 3225.50 -> large size
[10:32:29] <wrbtrader> 10 contracts
[10:32:32] <wrbtrader> intuition
[10:34:17] <wrbtrader> Covered all Emini ES Short @ 3224.00 --> + 1.5
[10:34:27] <wrbtrader> early exit
[10:34:32] <wrbtrader> need a mental rest
[10:39:07] <wrbtrader> A lot of Long Upper Shadow intervals on the way down is what made the price action very difficult to Short especially when those Long Upper Shadow intervals were "fast moving"
[10:41:08] <Tigerman______> ES is almost -100points from last close
[10:41:33] <asuni> GOOD MORNING
[10:41:45] <asuni> Just arrived
[10:41:54] <Tigerman______> NQ more thrn -200 points
[10:41:58] <Tigerman______> hi
[11:52:36] <Tigerman______> ok finish x today
[11:52:44] <Tigerman______> take care all see next time
[11:52:53] <asuni> take care
[12:41:26] <wrbtrader> Emini ES back inside that earlier FOMC WRB Zone
[12:44:28] <asuni> Which data are u referring to?
[12:44:34] <asuni> data = date
[12:45:57] <wrbtrader> 2nd FOMC
[12:46:33] <wrbtrader> Shorts Emini ES @ 3236.00 -> small size
[12:46:40] <wrbtrader> 3 contracts
[12:48:13] <wrbtrader> Covered all Emini ES Short @ 3235.75 --> + 0.25
[12:48:56] <wrbtrader> Shorts Emini ES @ 3235.50 -> small size
[12:49:02] <wrbtrader> 3 contracts re-entry
[12:49:12] <wrbtrader>
[12:49:34] <wrbtrader> need a little luck here
[12:49:50] <wrbtrader> poor entry on the re-entry
[12:51:20] <wrbtrader> Covered all Emini ES Short @ 3235.00 --> + 0.5
[13:55:06] <wrbtrader> Shorts Emini ES @ 3235.50 -> small size
[13:55:10] <wrbtrader> 3 contracts
[13:55:48] <wrbtrader> Covered all Emini ES Short @ 3234.00 --> + 1.5
[13:56:03] <wrbtrader> trail stop picked on the snapback
[14:02:34] <wrbtrader> Shorts Emini ES @ 3235.50 -> small size
[14:02:44] <wrbtrader> 3 contracts re-entry
[14:03:34] <wrbtrader> Covered all Emini ES Short @ 3235.25 --> + 0.25
[14:03:55] <wrbtrader> Shorts Emini ES @ 3235.50 -> small size
[14:04:00] <wrbtrader> 3 contracts re-entry
[14:04:18] <wrbtrader> Covered all Emini ES Short @ 3236.75 --> - 1.25
[14:06:41] <wrbtrader> Shorts Emini ES @ 3233.75 -> small size
[14:06:49] <wrbtrader> 3 contracts
[14:07:15] <wrbtrader> this fast bouncing around is getting old
[14:07:35] <wrbtrader> Covered all Emini ES Short @ 3231.50 --> + 2.25 [14:07:47] <wrbtrader> WRB pt1 reached
[14:11:38] <wrbtrader> Shorts Emini ES @ 3232.00 -> small size
[14:14:10] <wrbtrader> Covered all Emini ES Short @ 3231.75 --> + 0.25
[14:14:22] <wrbtrader> trail stop picked
[14:16:29] <asuni> It seems they are charging before going down
[14:16:49] <asuni> like a spring
[14:26:29] <wrbtrader> Long Emini ES @ 3234.50 -> small size
[14:26:43] <wrbtrader> 3 contracts
[14:29:38] <wrbtrader> Exited all Emini ES Long @ 3233.50 --> - 1
[14:30:19] <wrbtrader> Shorts Emini ES @ 3231.50 -> small size
[14:30:29] <wrbtrader> 3 contracts
[14:48:38] <wrbtrader> WRB pt2 reached
[14:51:44] <wrbtrader> Covered all Emini ES Short @ 3227.50 --> + 4 [16:01:06] <wrbtrader> Not a single Long signal up the way back UP after that trail stop picked in the last trade (Short position)
[16:01:08] <wrbtrader>
[16:01:36] <wrbtrader> Take care all and see all tomorrow
Session Close
Bloomberg Markets: The Close' Full Show (09/21/2020)
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