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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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(position trading, swing trading, day trading) can use the chat room to post their trades or commentaries about stocks, futures, exchange traded funds or forex currencies. Simply, you don't need to be a client of TheStrategyLab.com to use the free chat room nor do you need to be a
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The purpose of ##TheStrategyLab is that it's designed to be a
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The free chat room is not a signal calling trade alert room with a head trader telling you what to trade, when to buy or when to sell. In fact, we do not believe in the business model of a head trader telling other traders when to buy and sell. Its a flawed approach to trading and its a flawed substitution for mentoring in which a trader can not learn how to be a successful independent trader.
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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
S&P CNX NIFTY Futures
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