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click on the above image to view today's price action of key markets Bloomberg Markets: The Open Full Show (09/29/2020)
@ https://www.bloomberg.com/news/videos/2020-09-29/-bloomberg-the-open-full-show-9-29-2020-video[09:26:29] * Now talking in ##TheStrategyLab
[09:28:16] <wrbtrader> Good morning all
[09:28:41] <Tigerman______> hi wrbtrader
[09:34:06] <wrbtrader> Long Emini ES @ 3340.25 -> large size
[09:34:10] <wrbtrader> 10 contracts
[09:34:14] <wrbtrader> early entry
[09:36:37] <wrbtrader> Exited all Emini ES Long @ 3341.50 --> + 1.25
[09:36:46] <wrbtrader> small WRB pt1 reached
[09:37:05] <wrbtrader> snapback
[09:38:22] <wrbtrader> Long Emini ES @ 3341.00 -> large size
[09:38:27] <wrbtrader> 10 contracts re-entry
[09:40:59] <Tigerman______> yeah I m on long side too this open
[09:41:25] <wrbtrader> Exited all Emini ES Long @ 3341.75 --> + 0.75
[09:41:32] <wrbtrader> trail stop picked
[09:41:57] <Tigerman______> just move is so messy not clear
[09:42:39] <wrbtrader> Shorts Emini ES @ 3339.25 -> large size
[09:42:43] <wrbtrader> 10 contracts
[09:43:44] <wrbtrader> Although the U.S. Presidential Debates starts tonight...
[09:43:54] <wrbtrader> The market is focus on it out of the gate
[09:44:21] <wrbtrader> WRB pt1 reached
[09:44:49] <wrbtrader> Covered all Emini ES Short @ 3336.00 --> + 3.25 [09:45:07] <wrbtrader> trail stop picked
[09:56:24] <Tigerman______> price inside that big dark wrb hg in ES
[09:56:39] <Tigerman______> most recent one
[10:00:20] <wrbtrader> Price action now messy
[10:01:16] <werner1> yep ..kme
[10:01:31] <wrbtrader> Shorts Emini ES @ 3339.25 -> small size
[10:01:35] <wrbtrader> 3 contracts
[10:01:39] <wrbtrader> intuition
[10:02:08] <wrbtrader> Covered all Emini ES Short @ 3340.75 --> - 1.5
[10:05:13] <wrbtrader> Long Emini ES @ 3344.75 -> small size
[10:05:16] <wrbtrader> 3 contracts
[10:05:35] <wrbtrader> breakout above the contraction
[10:05:57] <wrbtrader> Exited all Emini ES Long @ 3345.25 --> + 0.5
[10:06:06] <wrbtrader> trail stop picked
[10:11:27] <wrbtrader> Long Emini ES @ 3345.00 -> small size
[10:11:31] <wrbtrader> 3 contracts
[10:11:40] <wrbtrader> intuition
[10:11:55] <werner1> Long Emini NQ @ 11375.50
[10:12:12] <werner1> Exited all Emini NQ Long @ 11385.50 --> + 10[10:13:19] <wrbtrader> Exited all Emini ES Long @ 3346.00 --> + 1
[10:13:44] <wrbtrader> trail stop picked
[10:26:29] <werner1> Shorts Emini NQ @ 11358.25
[10:26:52] <werner1> Covered all Emini NQ Short @ 11350.00 --> + 8.25[10:27:06] <wrbtrader> snapback UP
[10:27:14] <werner1> yep
[10:31:27] <wrbtrader> Shorts Emini ES @ 3345.00 -> small size
[10:31:29] <wrbtrader> 3 contracts
[10:31:35] <wrbtrader> intuition
[10:33:21] <werner1> Shorts Emini NQ @ 11347.50
[10:33:41] <werner1> Covered all Emini NQ Short @ 11337.50 --> + 10[10:35:07] <werner1> done
[10:35:58] <werner1> take the money and run
[10:37:04] <werner1> nice holding wrb
[10:37:54] <Tigerman______> yeah good hang on on that short
[10:38:10] <wrbtrader> Covered all Emini ES Short @ 3333.00 --> + 12 [10:38:10] <Tigerman______> I m in protection mode after my initial trades x today
[10:38:32] <Tigerman______> I got many signals to go short before
[10:38:45] <wrbtrader> WRB pt3 reached
[10:39:03] <Tigerman______> not taken via stop trading ...plus answer to phone cal...
[10:39:49] <werner1> chapeau wrb
[10:40:24] <wrbtrader>
[10:41:23] <wrbtrader> Surprise for me because I consider the markets to be tough today...crappy price action
[10:41:49] <Tigerman______> yes it is
[10:42:18] <Tigerman______> simply surprises can be around the corner any time
[10:42:53] <Tigerman______> in bed as nasty stop pick up or... in a nice move in our favor
[10:42:56] <wrbtrader> If I had a crystal ball...I would have put a 100 contract position on that trade
[10:45:11] <Tigerman______> yeah it needs just to know future for few minutes before
[10:45:40] <Tigerman______> wrbtrader... it was done by same traders many years ago
[10:45:44] <wrbtrader> good trading today for werner...I think I'm going to call it quits early today too
[10:45:52] <wrbtrader> around lunch
[10:46:33] <werner1> thanks wrb ..me too
[10:48:27] <Tigerman______> 16:45 Tigerman______: wrbtrader... it was done by same traders many years ago I mean some traders know in advance option price looking at future contracts because the broker was slow to update !!!
[10:48:42] <Tigerman______> tecnology issue
[10:49:00] <wrbtrader>
[10:49:21] <Tigerman______> after those big holes was fixed ... that tradder goes out of business
[10:50:05] <Tigerman______> he gained over half milion in few months
[10:50:20] <wrbtrader> geeesh...still worth it
[10:51:21] <Tigerman______> today those kind of unefficient exist inside microseconds time span
[10:51:51] <wrbtrader> Inside the DOM trading world
[10:52:29] <Tigerman______> yeah as you know I look at DOM a lot
[10:53:22] <Tigerman______> today I thought about DAX and why so few contracts are traded on it
[10:54:11] <Tigerman______> wrbtrader... about putting 100 contracts size...
[10:54:46] <wrbtrader> I think the CME has been secretly competing with the Eurex / Euronext futures products
[10:55:23] <wrbtrader> Simply, the DAX is less attractive these days thanks to the CME and issues that developed witht he BREXIT
[10:55:33] <Tigerman______> EuroStoxx has lot of size
[10:56:02] <Tigerman______> just tiny € x point and tight vola too tight
[10:56:30] <wrbtrader> I wouldn't be surprise to see lawsuits within the next few years by these exchanges against each other
[10:56:32] <Tigerman______> simply also 1 contract can be problematic in DAX
[10:57:12] <Tigerman______> and when you need exit fast you pay larger spread
[10:57:15] <wrbtrader> Yeah, I've been hearing more info lately about big spreads on fills even in 1 contract of the DAX
[10:58:04] <Tigerman______> yeah I conferm that
[10:58:28] <Tigerman______> just talking trader can say the contrary
[10:59:04] <Tigerman______> wrbtrader... about 100 pz size ...yeah it is matter of how much crazy is a trader
[10:59:43] <Tigerman______> usually with no family to support and expecially with others people money
[11:00:36] <Tigerman______> overleveraged and risky firm capital every day with their trading
[11:01:42] <werner1> take care ...cya
[11:07:40] <Tigerman______> bye
[11:30:53] <Tigerman______> ok I finish here x today
[11:31:02] <Tigerman______> take care all see next time
[12:29:22] <wrbtrader> Long Emini ES @ 3322.00 -> small size
[12:29:31] <wrbtrader> 3 contracts
[12:39:23] <wrbtrader> Exited all Emini ES Long @ 3324.00 --> + 2 [12:39:40] <wrbtrader> small WRB pt1 reached
[12:40:14] <wrbtrader> I'm calling it quits early today
[12:40:22] <wrbtrader> Take care all and see all tomorrow
Session Close
Bloomberg Markets: The Close' Full Show (09/29/2020)
@ https://www.bloomberg.com/news/videos/2020-09-30/-bloomberg-markets-the-close-full-show-09-29-2020-video @ wrbtrader @ Frequently Asked Questions @ Risk Warnings @ Terms of Use Policy -----------------------
##TheStrategyLab (located on the Freenode IRC network) is
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Commonly discussed trading instruments from stocks, futures, exchange traded funds and forex currencies:
CME Emini Futures EMD, ES and NQ
CME Emini RTY Futures (formerly ICE TF)
CBOT mini-sized Dow Futures YM
Micro E-mini Futures MES, MNQ, MYM and M2K
Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50
Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz
Euronext Futures FTSE-100 and CAC-40
CME Futures EuroFX 6E and EC
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Forex Currencies Gbp/Usd, Eur/Usd, Eur/Yen, Usd/Cad, Xau/Usd and Xag/Usd
Exchange Traded Funds VXX, DIA, IWM, QQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD
NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BZ/BRN, e-miNY QM and Natural Gas NG
COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI
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