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click on the above image to view today's price action of key markets Bloomberg Markets: The Open Full Show (10/21/2020)
@ https://www.bloomberg.com/news/videos/2020-10-21/-bloomberg-the-open-full-show-10-21-2020-video[09:56:46] <Tigerman______> Tigerman
all
[09:56:46] <asuni> ... hi
[09:57:03] <Tigerman______> Tigerman I m just busy in this up move
[10:05:02] * Now talking in ##TheStrategyLab
[10:05:17] <Tigerman______> choopy action
[10:08:36] <Tigerman______> crazy algos now
[10:08:46] <Tigerman______> difficult action
[10:08:59] <Tigerman______> I need a better action to put size and close the day
[10:09:19] <Tigerman______> also commissions impact my trade todat
[10:09:25] <Tigerman______> today
[10:12:06] <Tigerman______> we have now a resist area from overnight action
[10:12:18] <Tigerman______> let see what happen here
[10:13:03] <Tigerman______> VIX declining since open
[10:22:28] <Tigerman______> ES contracting in last 20min
[10:22:36] <Tigerman______> we need a spike her
[10:22:40] <Tigerman______> here
[10:24:01] <Tigerman______> seems a nice long above 3456 ES
[10:24:18] <Tigerman______> simply we r stuck here a this resistence
[10:27:00] <Tigerman______> over 30 min of nasty congestion
[10:27:19] <Tigerman______> I did lot of trade inside this mud
[10:27:23] <Tigerman______> all long
[10:27:45] <Tigerman______> simply price doesn listen to continue up
[10:28:54] <wrbtrader> Tigerman you able to recognize the price action as crappy (mud) prior to trading it or only after mamy trades in it
[10:30:11] <Tigerman______> after some trades
[10:30:27] <Tigerman______> because at start I dont know how it can develop
[10:30:48] <Tigerman______> issue is ... those trades give me aloss
[10:31:15] <asuni> short es 350.75
[10:31:31] <asuni> +2[10:33:09] <asuni> 3450.75
[10:40:38] <Tigerman______> lot of tail everywhere
[10:40:55] <Tigerman______> market is confuded
[10:41:00] <Tigerman______> confused
[10:41:12] <Tigerman______> any move is soon retraced
[10:41:25] <Tigerman______> I m barely able to move the trail
[10:41:28] <wrbtrader> As we get closer to November 3rd (elections)...this type of confusing price action becomes the norm
[10:42:09] <Tigerman______> ah ok I expecting more volatility... in contrast seems opposite
[10:42:38] <wrbtrader> I know a few traders that's traded through a few elections...they now go on vacation a few weeks prior to the elections...
[10:43:06] <wrbtrader> Thus, they're on vacation now although its a sucky vacation because of the Pandemic restrictions
[10:44:03] <Tigerman______> yeah there are good places almost virus free.... problem is reach them
[10:44:21] <Tigerman______> we need private jet or boat
[10:44:59] <Tigerman______> also they put you in observation... before entering the country
[10:45:20] <Tigerman______> unless you heading to a desert island
[10:46:12] <Tigerman______> this pandemic is every day worst
[10:46:32] <Tigerman______> wrbtrader... how is the situation there ... near you?
[10:48:10] <wrbtrader> Bad but not as bad as the media makes it as
[10:49:20] <wrbtrader> We have a lot of bad characters here (bars, restaurants, cafes, large family gatherings, parties) causing the major problems...
[10:49:49] <wrbtrader> They want to have a good time NOW and not care about the consequences
[10:50:49] <wrbtrader> Worst, many of the violators view the "contract tracking" as a way the government will track them down and prevent health care coverage when they become really sick
[10:51:08] <wrbtrader> Simply, a lot of Paranoia too
[10:51:49] <wrbtrader> Every person I personally know that are complaining about the restrictions...
[10:51:58] <wrbtrader> They are mad because they can not party
[10:52:04] <Tigerman______> in Europe many countries re-started lockdown
[10:52:05] <wrbtrader> Its really crazy
[10:53:07] <wrbtrader> I didn't realize so many people are willing to get very sick or die just to have a good time or give the infection to someone else for a good time...
[10:53:13] <wrbtrader> That's the scary aspect
[10:54:46] <wrbtrader> Good thing...more people are recoverying because hospitals are better prepared
[10:55:16] <Tigerman______> wrbtrader... reality is ... most people are selfish
[10:55:32] <Tigerman______> plus pretty ignorant about anything
[10:56:01] <wrbtrader> Bingo...selfish and ignorant...deadly for a Pandemic
[10:56:37] <Tigerman______> yeah no basic knowledge of virus or anything related to health
[10:57:31] <Tigerman______> simply they are used to be fat like crazy x example and go to hospital when they are above 400 pounds
[10:57:48] <Tigerman______> instead eating right
[10:58:07] <Tigerman______> problem is... bad habits in pandemic involve the Others
[10:58:34] <Tigerman______> also who behaves right
[10:59:21] <Tigerman______> situation now is dangerous because more hospitals are full and few bed left!!!
[10:59:57] <Tigerman______> one of the best country is Germany .. lot of ICU vs others
[11:00:21] <Tigerman______> wrbtrader I read north dakota is short of bed right now
[11:00:44] <Tigerman______> cases rising and hospitals full
[11:01:22] <Tigerman______> all countries understimated cases rising after a better summer
[11:18:22] <Tigerman______> at the end market roll over south after hit many times the resistence wall I talked a lot before
[11:19:30] <Tigerman______> good it veveloped and help me recup loss occured inside that muddy action .. after a nice start in which I gained some profit
[11:39:23] <wrbtrader> Long Emini ES @ 3437.50 -> large size
[11:39:26] <wrbtrader> 10 contracts
[11:40:34] <wrbtrader> Exited all Emini ES Long @ 3439.50 --> + 2 [11:40:49] <wrbtrader> WRB pt1 reached
[12:05:39] <Tigerman______> take care all see next time
[12:21:25] <wrbtrader> huge volatility spike
[12:21:43] <wrbtrader> Long Emini ES @ 3445.75 -> large size
[12:21:51] <wrbtrader> 10 contracts
[12:22:32] <wrbtrader> Exited all Emini ES Long @ 3450.25 --> + 4.5 [12:22:49] <wrbtrader> chasing but got away with it again
[12:23:16] <wrbtrader> Spike moved too fast for me @ 3440
[12:23:37] <wrbtrader> when I realized it had steam to go higher
[12:27:40] <wrbtrader> Shorts Emini ES @ 3439.75 -> large size
[12:27:49] <wrbtrader> 10 contracts
[12:28:35] <wrbtrader> Covered all Emini ES Short @ 3439.75 --> 0
[12:28:58] <wrbtrader> Shorts Emini ES @ 3440.50 -> large size
[12:29:11] <wrbtrader> 10 contracts re-entry
[12:30:04] <wrbtrader> Covered all Emini ES Short @ 3439.50 --> + 1
[12:30:50] <wrbtrader> Shorts Emini ES @ 3439.00 -> large size
[12:31:05] <wrbtrader> 10 contracts re-entry intuition
[12:31:35] <wrbtrader> Covered all Emini ES Short @ 3438.75 --> + 0.25
[12:31:57] <wrbtrader> Shorts Emini ES @ 3438.25 -> large size
[12:32:07] <wrbtrader> 10 contracts re-entry
[12:35:23] <wrbtrader> Covered all Emini ES Short @ 3428.00 --> + 10.25 [12:35:36] <wrbtrader> WRB pt1 reached
[12:36:56] <wrbtrader> Not sure if it was the Pelosi (Stimulus Deal) Optimism that caused the price to shoot up and then retrace
[13:04:59] <wrbtrader> Long Emini ES @ 3431.00 -> large size
[13:05:05] <wrbtrader> 10 contracts
[13:05:39] <wrbtrader> Exited all Emini ES Long @ 3432.00 --> + 1
[13:05:56] <wrbtrader> Long Emini ES @ 3433.00 -> large size
[13:06:08] <wrbtrader> 10 contracts re-entry
[13:06:21] <wrbtrader> trail picked in prior Long
[13:07:49] <wrbtrader> Exited all Emini ES Long @ 3432.25 --> - 0.75
[13:11:16] <wrbtrader> Long Emini ES @ 3432.00 -> large size
[13:11:28] <wrbtrader> 10 contracts
[13:14:27] <wrbtrader> Exited all Emini ES Long @ 3433.25 --> + 1.25
[13:15:23] <wrbtrader> That should have moved higher by more points but the volatility got yanked
[13:24:40] <wrbtrader> Long Emini ES @ 3436.00 -> large size
[13:24:49] <wrbtrader> 10 contracts
[13:27:42] <wrbtrader> Exited all Emini ES Long @ 3435.25 --> - 0.75
[13:29:09] <wrbtrader> Long Emini ES @ 3436.50 -> large size
[13:29:19] <wrbtrader> 10 contracts re-entry
[13:29:23] <wrbtrader> getting jumpy
[13:29:35] <wrbtrader> Usually a prelude to a pending volatility spike
[13:32:12] <wrbtrader> Exited all Emini ES Long @ 3437.25 --> + 0.75
[13:32:38] <wrbtrader> Had a WRB pt1 but it retraced quickly when volatility dried up
[13:33:06] <wrbtrader> Long Emini ES @ 3437.00 -> large size
[13:33:20] <wrbtrader> 10 contracts re-entry
[13:36:51] <wrbtrader> Exited all Emini ES Long @ 3437.50 --> + 0.5
[13:37:14] <wrbtrader> contraction contraction and more contraction in the volatility
[13:50:30] <wrbtrader> Long Emini ES @ 3438.50 -> large size
[13:50:38] <wrbtrader> 10 contracts
[13:50:46] <wrbtrader> volatility showing up
[13:50:56] <wrbtrader> hopefully it will push it higher
[13:51:59] <wrbtrader> Exited all Emini ES Long @ 3440.25 --> + 1.75
[13:52:14] <wrbtrader> WRB pt1 reached but not able to grab it...retracing now
[13:56:45] <wrbtrader> back inside that range of contraction volatility
[13:57:45] <wrbtrader> Shorts Emini ES @ 3436.00 -> small size
[13:57:49] <wrbtrader> 2 contracts
[14:20:36] <wrbtrader> Covered all Emini ES Short @ 3440.00 --> - 4
[14:36:08] <wrbtrader> Long Emini ES @ 3446.50 -> large size
[14:36:13] <wrbtrader> 10 contracts
[14:36:29] <wrbtrader> trying hard to Short Squeeze
[14:36:57] <wrbtrader> Exited all Emini ES Long @ 3445.50 --> - 1
[14:38:17] <wrbtrader> Shorts Emini ES @ 3445.50 -> large size
[14:38:26] <wrbtrader> 10 contracts
[14:40:24] <wrbtrader> Covered all Emini ES Short @ 3445.50 --> 0
[14:41:00] <wrbtrader> Long Emini ES @ 3445.75 -> large size
[14:41:43] <wrbtrader> Squeeze can not pick up steam
[14:43:15] <wrbtrader> Exited all Emini ES Long @ 3448.00 --> + 2.25 [14:43:18] <wrbtrader> WRB pt1 reached
[14:49:00] <wrbtrader> Long Emini ES @ 3447.25 -> small size
[14:49:06] <wrbtrader> 2 contracts
[15:08:43] <wrbtrader> Exited all Emini ES Long @ 3443.25 --> - 4
[15:17:20] <wrbtrader> Shorts Emini ES @ 3440.00 -> large size
[15:17:27] <wrbtrader> 10 contracts
[15:19:12] <wrbtrader> Covered all Emini ES Short @ 3439.75 --> + 0.25
[15:22:54] <wrbtrader> Long Emini ES @ 3444.00 -> large size
[15:22:58] <wrbtrader> 10 contracts
[15:25:27] <wrbtrader> Exited all Emini ES Long @ 3446.25 --> + 2.25 [15:34:41] <wrbtrader> Shorts Emini ES @ 3441.00 -> large size
[15:34:49] <wrbtrader> 10 contracts
[15:35:03] <wrbtrader> Covered all Emini ES Short @ 3441.00 --> 0
[15:35:39] <wrbtrader> Shorts Emini ES @ 3443.00 -> large size
[15:35:45] <wrbtrader> 10 contracts re-entry
[15:36:27] <wrbtrader> Covered all Emini ES Short @ 3442.25 --> + 0.75
[15:36:56] <wrbtrader> Shorts Emini ES @ 3442.25 -> large size
[15:37:07] <wrbtrader> 10 contracts intuition
[15:38:22] <wrbtrader> Covered all Emini ES Short @ 3439.75 --> + 2.5 [15:41:36] <wrbtrader> Shorts Emini ES @ 3439.00 -> large size
[15:41:51] <wrbtrader> 10 contracts intuition
[16:00:07] <wrbtrader> Covered all Emini ES Short @ 3427.75 --> + 11.25 [16:00:28] <wrbtrader> WRB pt2 reached
[16:00:56] <wrbtrader> Take care all and see you tomorrow
Session Close
Bloomberg Markets: The Close' Full Show (10/21/2020)
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