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click on the above image to view today's price action of key markets Bloomberg Markets: The Open Full Show (01/04/2021)
@ https://www.bloomberg.com/news/videos/2021-01-05/-bloomberg-the-open-full-show-01-04-2021-video [09:21:56] * Now talking in ##TheStrategyLab
[09:22:25] <asuni> Good Morning wrbtrader and happy new year!
[09:22:44] <wrbtrader> Happy New Year and good morning too
[09:23:14] <wrbtrader> Statistically - January is one of the most volatile price action months of the year.
[09:23:34] <wrbtrader> Yet, the last few years have been almost "normal" volatility
[09:23:50] <wrbtrader> Maybe this January will get back above its mean
[09:36:34] <wrbtrader> Shorts Emini ES @ 3746.25 -> large size
[09:36:38] <Tigerman______>
all
[09:36:43] <wrbtrader> 10 contracts intuition
[09:36:54] <Tigerman______> Happy new Year all good 2021
[09:37:13] <Tigerman______> I did some fast short in this open
[09:37:40] <Tigerman______> good volatility ... just dont wanna spoil profits
[09:37:51] <Tigerman______> a bit contracting now
[09:38:24] <wrbtrader> Covered all Emini ES Short @ 3745.75 --> + 0.5
[09:38:28] <Tigerman______> ES NQ close gaps
[09:39:33] <wrbtrader> Shorts Emini ES @ 3744.50 -> large size
[09:39:43] <wrbtrader> 10 contracts intuition
[09:40:25] <Tigerman______> SH mES 3743
[09:40:36] <wrbtrader> Covered all Emini ES Short @ 3742.25 --> + 2.25 [09:40:43] <Tigerman______> not filled a bit higher
[09:40:43] <wrbtrader> trail stop picked
[09:40:56] <Tigerman______> simply it rolled down fast
[09:41:34] <Tigerman______> exit all mES @ 3741.25 +1.75
[09:41:55] <Tigerman______> I reduce my risk with mES now
[09:42:42] <Tigerman______> I can switch again to ES if vola increase
[09:49:37] <wrbtrader> Shorts Emini ES @ 3744.25 -> large size
[09:49:40] <wrbtrader> 10 contracts intuition
[09:51:20] <Tigerman______> sh mES 3741
[09:51:29] <Tigerman______> a bit late x me here
[09:51:56] <Tigerman______> exit all @ 3740 +1
[09:52:04] <wrbtrader> Covered all Emini ES Short @ 3738.00 --> + 6.25 [09:52:06] <Tigerman______> too tight trail
[09:52:16] <wrbtrader> had a WRB pt1 but lost it
[09:52:25] <Tigerman______> infact it reached a nice wrb pt1 @ 3738
[09:52:44] <wrbtrader> Volatility came in and I thought it would go lower...held longer because of that
[09:52:57] <wrbtrader> now support showing up
[09:53:08] <wrbtrader> Long Emini ES @ 3741.00 -> large size
[09:53:14] <wrbtrader> 10 contracts
[09:53:19] <Tigerman______> spike in 1min reached 3737.50
[09:54:16] <wrbtrader> Exited all Emini ES Long @ 3741.75 --> + 0.75
[10:05:09] <Tigerman______> NQ doesn t help here
[10:07:35] <Tigerman______> SH mES 3735
[10:07:44] <Tigerman______> better sync now
[10:08:35] <Tigerman______> exit all mES @ 3733.75 +1.25
[10:09:14] <Tigerman______> wrb pt1 @ 3733 not able to pick up that one
[10:12:01] <Tigerman______> SH mES 3732.25
[10:12:25] <Tigerman______> exit all @ 3731.50 +.75
[10:12:41] <Tigerman______> dumb it because to contracting
[10:16:02] <wrbtrader> Long Emini ES @ 3732.50 -> small size
[10:16:07] <wrbtrader> 3 contracts
[10:16:12] <Tigerman______> sh mES 3729
[10:16:28] <Tigerman______> exit all @ 3732.25 +3.25[10:16:30] <Tigerman______>
[10:16:34] <Tigerman______> trade error
[10:18:10] <wrbtrader> Exited all Emini ES Long @ 3731.00 --> - 1.5
[10:18:52] <wrbtrader> Shorts Emini ES @ 3730.00 -> small size
[10:18:59] <wrbtrader> 3 contracts
[10:19:57] <wrbtrader> Covered all Emini ES Short @ 3731.50 --> - 1.5
[10:20:09] <Tigerman______> sh mES 3730.25
[10:20:28] <Tigerman______> exit all @ 3729.25 +1
[10:20:29] <wrbtrader> Long Emini ES @ 3731.50 -> small size
[10:20:32] <wrbtrader> 3 contracts
[10:21:12] <wrbtrader> Exited all Emini ES Long @ 3730.50 --> - 1
[10:21:13] <Tigerman______> wrbtrader if you continue buy while I m short not easy x me get a profit
)
[10:21:33] <wrbtrader> It's a very tight range here
[10:21:42] <wrbtrader> about 1.75
[10:25:08] <wrbtrader> S area being tested
[10:26:00] <wrbtrader> Shorts Emini ES @ 3727.75 -> small size
[10:26:05] <wrbtrader> now broken
[10:26:15] <wrbtrader> reference to Emini NQ
[10:26:31] <wrbtrader> snapback
[10:26:53] <Tigerman______> sh mES 3727.50
[10:27:05] <Tigerman______> exit all @ 3726.50 +1
[10:27:25] <wrbtrader> Covered all Emini ES Short @ 3727.75 --> 0
[10:27:54] <wrbtrader> back inside the super tight trading range
[10:28:16] <Tigerman______> these are risky areas
[10:28:40] <Tigerman______> I think we need a weaker NQ now to help thje sell off
[10:28:47] <wrbtrader> Long Emini ES @ 3729.75 -> small size
[10:28:53] <wrbtrader> 3 contracts
[10:30:07] <wrbtrader> Exited all Emini ES Long @ 3729.25 --> - 0.5
[10:30:45] <wrbtrader> Shorts Emini ES @ 3727.75 -> small size
[10:30:58] <wrbtrader> 3 contracts
[10:31:13] <Tigerman______> sh mES 3727.75
[10:31:28] <Tigerman______> exit all mES @ 3727.25 +.5
[10:33:05] <Tigerman______> SH mES 3724.75
[10:33:30] <Tigerman______> exit all mES @ 3724.25 +.5
[10:33:44] <Tigerman______> a bit choppy I exit early via some fear
[10:34:00] <wrbtrader> pain in the ass tight trading range price area
[10:34:13] <Tigerman______> I hate my previous profit destroid in choppy area
[10:34:54] <wrbtrader> Covered all Emini ES Short @ 3724.50 --> + 3.25 [10:37:09] <wrbtrader> Shorts Emini ES @ 3722.75 -> small size
[10:37:22] <wrbtrader> 3 contracts re-entry
[10:37:29] <wrbtrader> poor re-entry
[10:38:16] <wrbtrader> Covered all Emini ES Short @ 3723.00 --> - 0.25
[10:40:08] <Tigerman______> meanwhile seems most countries still manage with poor risk control virus issue
[10:40:43] <Tigerman______> plus still people do not wear mask properly
[10:42:37] <Tigerman______> plus weak implement in digital learning
[10:43:58] <Tigerman______> absurd in a digital world with fast net for everyone
[10:44:57] <Tigerman______> SH mES 3720.75
[10:45:13] <Tigerman______> broken most recent low
[10:46:12] <Tigerman______> exit all mES @ 3717.25 +3.5[10:46:34] <Tigerman______> wrb pt1 reached in this spike
[10:47:25] <Tigerman______> price retraced today after a new fresh market high at open
[10:48:47] <Tigerman______> just to be correct it was a market high in overnight session or EU morning session
[10:50:59] <Tigerman______> another contracting area broken here under 3716 ES
[10:53:04] <Tigerman______> VIX @ 26 now
[10:54:50] <wrbtrader> Another fast rolloever south with no re-entry
[10:55:21] <wrbtrader> At least it has broken out of the crazy tight trading range
[10:56:26] <Tigerman______> sh mES 3705
[10:56:31] <wrbtrader> It's very similar to the way the Eminis open the regular trading session
[10:57:05] <Tigerman______> exit all mES @ 3704.50 +.5
[10:58:52] <wrbtrader> Shorts Emini ES @ 3705.00 -> small size
[10:58:58] <wrbtrader> 3 contracts
[10:59:08] <wrbtrader> NQ strange price action
[10:59:23] <wrbtrader> Covered all Emini ES Short @ 3705.75 --> - 0.75
[10:59:39] <wrbtrader> Long Emini ES @ 3708.00 -> small size
[10:59:46] <wrbtrader> 3 contracts
[11:00:04] <wrbtrader> fast moving too
[11:00:52] <Tigerman______> FDAX rolled almost 100points since US open
[11:00:54] <wrbtrader> Exited all Emini ES Long @ 3707.00 --> - 1
[11:01:27] <wrbtrader> Shorts Emini ES @ 3703.00 -> small size
[11:01:48] <wrbtrader> 3 contracts on the S area break
[11:02:23] <wrbtrader> Covered all Emini ES Short @ 3703.50 --> - 0.5
[11:02:28] <wrbtrader>
[11:02:39] <wrbtrader> Shorts Emini ES @ 3702.00 -> small size
[11:02:48] <wrbtrader> 3 contracts re-entry
[11:03:08] <wrbtrader> fast price movement again
[11:03:44] <Tigerman______> wrbtrader.... good you was so fast in re-enter again
[11:03:48] <wrbtrader> Covered all Emini ES Short @ 3693.50 --> + 8.5 [11:03:58] <wrbtrader> WRB pt1 reached
[11:04:45] <wrbtrader> Re-entry was suppose to be 3703.50
[11:05:12] <wrbtrader> Worst...I was suppose to grab a fast profit at 3704.00 on the prior loser
[11:05:36] <wrbtrader> Shorts Emini ES @ 3693.50 -> small size
[11:05:50] <wrbtrader> 3 contracts re-entry
[11:07:03] <Tigerman______> VIx can jump above 27 now
[11:07:10] <Tigerman______> it did
[11:07:33] <wrbtrader> Covered all Emini ES Short @ 3687.75 --> + 5.75 [11:47:19] <wrbtrader> Shorts Emini ES @ 3684.50 -> small size
[11:47:28] <wrbtrader> 2 contracts
[11:48:01] <wrbtrader> Covered all Emini ES Short @ 3685.75 --> - 1.25
[11:48:47] <wrbtrader> Shorts Emini ES @ 3686.25 -> small size
[11:48:53] <wrbtrader> 2 contracts
[11:49:08] <wrbtrader> intuition
[11:50:44] <wrbtrader> Covered all Emini ES Short @ 3686.75 --> - 0.5
[11:52:31] <wrbtrader> Shorts Emini ES @ 3684.50 -> small size
[11:52:39] <wrbtrader> 3 contracts on the S area breakdown in Emini NQ
[11:53:17] <wrbtrader> WRB pt1 reached
[11:54:23] <Tigerman______> yeah strong breakdown
[11:54:42] <Tigerman______> I m in eating mode now
[11:55:42] <Tigerman______> organic bread and oil
[11:56:05] <Tigerman______> seems market moves when I m eat
[11:56:15] <wrbtrader> Covered all Emini ES Short @ 3674.00 --> + 10.5 [11:56:31] <wrbtrader> Finally caught +10 point move on a strong downtrend like today with very little valid trade signals
[11:57:36] <Tigerman______> yeah not amny clear entry signals x me too
[11:58:01] <Tigerman______> in contrast volatility strong enought to exploit these area breakout
[11:59:15] <wrbtrader> On trading days like today...I look for "most recent reaction highs/lows" as s/r areas for trading the breakdowns or breakouts
[12:00:04] <Tigerman______> yeah I agreed on that I do similar
[12:00:22] <Tigerman______> the issue is able to cut fast any loss at initial entry
[12:00:51] <Tigerman______> then re-enter again
[12:01:32] <Tigerman______> of course if trade action conferm it
[12:02:14] <Tigerman______> I think to many newbee and trading forum talk about entry as black and white
[12:02:50] <Tigerman______> in contrast ant entry should be viewed in actual price action
[12:06:28] <wrbtrader> Price action again in another strange very tight trading range...
[12:07:00] <wrbtrader> We know what happen in the prior two...it eventually broke out strongly on fast price movement
[12:07:54] <wrbtrader> Shorts Emini ES @ 3671.00 -> medium size
[12:08:04] <wrbtrader> 5 contracts on Emini NQ break below its S area
[12:08:36] <wrbtrader> WRB pt1 reached
[12:10:29] <wrbtrader> Covered all Emini ES Short @ 3658.50 --> + 12.5 [12:29:33] <Tigerman______> ok I finish here
[12:29:44] <Tigerman______> take care all see all next time
[13:07:16] <wrbtrader> Long Emini ES @ 3669.00 -> small size
[13:07:22] <wrbtrader> 3 contracts
[13:07:45] <wrbtrader> small WRB pt1 reached
[13:11:00] <wrbtrader> Exited all Emini ES Long @ 3673.25 --> + 4.25 Session Close
Bloomberg Markets: The Close' Full Show (01/04/2020)
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