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click on the above image to view today's price action of key markets Bloomberg Markets: The Open Full Show (08/12/2020)
@ https://www.bloomberg.com/news/videos/2020-08-12/-bloomberg-the-open-full-show-8-12-2020-video [09:06:55] * Now talking in ##TheStrategyLab
[09:38:56] <werner1> hi all
[09:39:01] <asuni>
[09:39:34] <werner1>
asuni
[09:39:43] <wrbtrader> Good morning all
[09:40:33] <werner1> Long Emini NQ @ 10995.00
[09:43:59] <werner1> Exited all Emini NQ Long @ 10992.00 --> - 3
[09:45:25] <werner1> Long Emini NQ @ 10994.00
[09:48:41] <werner1> Exited all Emini NQ Long @ 11024.00 --> + 30[09:49:48] <werner1>
mark
[09:53:25] <werner1> Long Emini NQ @ 11029.75
[09:53:32] <wrbtrader> VIX @ 22.41
[09:53:49] <wrbtrader> still stuck in that tight range
[09:53:53] <werner1> Exited all Emini NQ Long @ 11046.00 --> + 16.25[09:54:41] <werner1> vola nq is ok
[09:55:24] <werner1> indd i see vix @ low levels
[09:56:33] <werner1> but prev year vix @ 12
[09:57:00] <werner1> 12/20
[09:59:16] <werner1> mm maybe some res here nq
[10:01:03] <werner1> 1e short signal @11057 nq
[10:03:21] <wrbtrader> Trying to short squeeze
[10:03:37] <wrbtrader> Long Emini ES @ 3364.75 -> small size
[10:03:48] <wrbtrader> 3 contracts
[10:04:19] <wrbtrader> Exited all Emini ES Long @ 3365.75 --> + 1
[10:04:31] <wrbtrader> small WRB pt1 reached
[10:04:39] <werner1> Shorts Emini NQ @ 11061.50
[10:07:44] <werner1> Covered all Emini NQ Short @ 11067.00 --> - 5.5
[10:08:40] <werner1> Shorts Emini NQ @ 11065.00
[10:09:32] <werner1> Covered all Emini NQ Short @ 11058.00 --> + 7[10:09:47] <werner1> done
[10:10:22] <werner1> take the profit and run
[10:11:42] <wrbtrader> agree
[10:12:12] <wrbtrader> I had a +3 pointer yesterday and let it turn into a -0.50 loser
[10:12:32] <wrbtrader> worst...it had hit a WRB pt1 and I got greedy into of taking it
[10:13:01] <werner1> yeah ..vacation modus
[10:14:03] <werner1> i think next week it wil be better??
[10:14:20] <wrbtrader> Shorts Emini ES @ 3364.25 -> large size
[10:14:22] <wrbtrader> 10 contracts
[10:15:21] <wrbtrader> Covered all Emini ES Short @ 3365.00 --> - 0.75
[10:15:54] <wrbtrader> Long Emini ES @ 3365.75 -> large size
[10:15:54] <werner1> still not a germany vacation @ your sister?
[10:16:16] <wrbtrader> Emini NQ pushing this Up
[10:16:34] <werner1> look out imo
[10:16:45] <wrbtrader> in a correlated way
[10:17:00] <wrbtrader> That's a good thing in comparison to yesterday poor correlation
[10:17:16] <wrbtrader> Exited all Emini ES Long @ 3365.75 --> 0
[10:17:35] <wrbtrader> Long Emini ES @ 3366.00 -> large size
[10:17:48] <wrbtrader> 10 contracts re-entry
[10:18:12] <wrbtrader> Want to see another Short Squeeze now
[10:18:22] <wrbtrader> Its setup for one
[10:18:49] <wrbtrader> Exited all Emini ES Long @ 3366.50 --> + 0.5
[10:19:12] <wrbtrader>
[10:21:21] <wrbtrader> Long Emini ES @ 3367.50 -> large size
[10:21:28] <werner1> Shorts Emini NQ @ 11071.00
[10:21:33] <wrbtrader> 10 contracts re-entry
[10:22:22] <werner1> Covered all Emini NQ Short @ 11065.00 --> + 6[10:23:00] <werner1> looking for shorts here nq
[10:23:45] <wrbtrader> Exited all Emini ES Long @ 3369.00 --> + 1.5
[10:23:56] <wrbtrader> small WRB pt1 reached
[10:24:24] <wrbtrader> still trying to go higher
[10:24:44] <werner1> yep
[10:29:51] <werner1> [16:15] <werner1> still not a germany vacation @ your sister?
[10:30:57] <wrbtrader> Werner...you talking to yourself
[10:31:16] <werner1> no
[10:31:35] <wrbtrader> ok
[10:32:07] <werner1> you say a year a go that you wil como to germany
[10:32:26] <wrbtrader> Yeah...there wasn't a Pandemic then
[10:32:46] <werner1> lol
[10:32:56] <wrbtrader> Had planned a trip to Germany, Portugal and then Belgium
[10:33:08] <werner1> indd
[10:33:21] <wrbtrader> Pandemic changed everything
[10:34:10] <wrbtrader> It sucks too because I had made a full recovery from my own illness in 2016...
[10:34:11] <werner1> do you have famly @ germany?
[10:34:27] <wrbtrader> Now I'm paranoid about traveling anywhere
[10:34:38] <wrbtrader> because of the Pandemic
[10:34:44] <werner1> AI
[10:34:58] <werner1> no problem imo
[10:35:12] <wrbtrader> Yes...sister's husband is 1/2 Italian and 1/2 German
[10:35:19] <werner1> see
[10:35:20] <wrbtrader> His family in Germany
[10:35:24] <werner1>
[10:39:20] <wrbtrader> Shorts Emini ES @ 3371.00 -> large size
[10:39:24] <wrbtrader> 10 contracts on Emini NQ breaking its S area
[10:40:11] <wrbtrader> Covered all Emini ES Short @ 3371.00 --> 0
[10:40:34] <wrbtrader> small WRB pt1 reached but hesitated (over thinking)...didn't grab it
[10:40:44] <werner1> i am back from holiday germany.
[10:40:44] <werner1> mouth masks are mandatory.
[10:40:44] <werner1> this will have disastrous consequences for the economy.
[10:40:44] <werner1> here in the netherlands no mouth caps are required.
[10:41:35] <wrbtrader> Europe still has a ban on U.S. travelers
[10:41:45] <werner1> no
[10:42:03] <wrbtrader> Didn't know they removed the ban
[10:42:27] <wrbtrader> Shorts Emini ES @ 3371.00 -> large size
[10:42:40] <wrbtrader> 10 contracts re-entry
[10:43:05] <wrbtrader> Emini NQ futures still pushing lower below its S area
[10:43:13] <werner1> us is the one that bans
[10:43:15] <wrbtrader> ES suddenly doesn't want to correlate
[10:45:09] <wrbtrader> Covered all Emini ES Short @ 3370.75 --> + 0.25
[10:45:17] <wrbtrader> tough
[10:45:39] <wrbtrader> Long Emini ES @ 3371.50 -> large size
[10:45:55] <wrbtrader> 10 contracts back up the range of the Long Upper Shadow interval
[10:46:48] <wrbtrader> Exited all Emini ES Long @ 3371.25 --> - 0.25
[10:47:27] <wrbtrader> starting to feel like those mean reverting tight trading ranges we've had to past few trading days
[10:47:40] <wrbtrader> Do not want to get trap in one of those again
[10:50:06] <werner1> i know what corona is ... i have bin infectectit when i was @ ski @ ischgl ..austria... and i can tell you ...i have seen the dead in my eyes...i am a long patient..my fam had no problems....and for now my longs are clean and my condition is perfect
[10:51:30] <werner1> so i go for it:)
[10:51:40] <wrbtrader>
[10:53:54] <wrbtrader> Shorts Emini ES @ 3371.75 -> large size
[10:54:04] <werner1> ok ..take care ..see you all........
[10:54:06] <wrbtrader> 10 contracts
[10:54:10] <wrbtrader> take care
[10:54:18] <werner1>
[10:55:35] <wrbtrader> crappy crazy mean reversion chop
[10:56:06] <wrbtrader> Covered all Emini ES Short @ 3372.00 --> - 0.25
[10:56:44] <wrbtrader> snapback up into a Short Squeeze
[10:57:30] <wrbtrader> Long Emini ES @ 3374.00 -> large size
[10:57:41] <wrbtrader> 10 contracts
[10:58:27] <wrbtrader> Exited all Emini ES Long @ 3373.50 --> - 0.5
[10:59:06] <wrbtrader> Shorts Emini ES @ 3372.75 -> large size
[10:59:18] <wrbtrader> 10 contracts
[10:59:20] <wrbtrader> intuition
[10:59:46] <wrbtrader> Emini NQ broke its S area
[11:00:18] <wrbtrader> Covered all Emini ES Short @ 3372.00 --> + 0.75
[11:00:30] <wrbtrader> tight trail stop picked
[11:00:44] <wrbtrader> still bouncing around...crazy
[11:02:16] <wrbtrader> be back lerner...staying away for awhile from the seductive mean reversion
[13:04:12] <wrbtrader> Shorts Emini ES @ 3371.50 -> large size
[13:04:29] <wrbtrader> 10 contracts
[13:06:05] <wrbtrader> Covered all Emini ES Short @ 3370.75 --> + 0.75
[13:08:43] <wrbtrader> Shorts Emini ES @ 3370.25 -> large size
[13:08:54] <wrbtrader> 10 contracts
[13:11:44] <wrbtrader> Covered all Emini ES Short @ 3369.00 --> + 1.25
[13:11:51] <wrbtrader> WRB pt1 reached
[13:27:21] <wrbtrader> Shorts Emini ES @ 3366.50 -> small size
[13:27:30] <wrbtrader> 3 contracts
[13:27:43] <wrbtrader> moving down the range of a Long Lower Shadow interval
[13:28:25] <wrbtrader> small WRB pt1 reached
[13:29:13] <wrbtrader> Covered all Emini ES Short @ 3365.75 --> + 0.75
[13:48:07] <wrbtrader> Whacky correlations again
[14:22:21] <wrbtrader> Long Emini ES @ 3378.25 -> small size
[14:22:38] <wrbtrader> 1 contract
[14:23:50] <wrbtrader> Long Emini ES @ 3378.00 -> Add
[14:24:00] <wrbtrader> 1 added
[14:25:57] <wrbtrader> Exited 1/2 Emini ES Long @ 3378.25 --> + 0.25
[14:26:20] <wrbtrader> Exited Remainder Emini ES Long @ 3378.25 --> 0
[14:26:30] <wrbtrader> messy trade
[14:26:40] <wrbtrader> with poor entries
[14:32:08] <wrbtrader> Long Emini ES @ 3377.25 -> small size
[14:32:11] <wrbtrader> 3 contracts
[14:35:20] <wrbtrader> Exited all Emini ES Long @ 3377.25 --> 0
[14:35:42] <wrbtrader> punks
[14:36:02] <wrbtrader> fooled again by the correlation problems
[14:38:37] <wrbtrader> Long Emini ES @ 3377.00 -> small size
[14:38:40] <wrbtrader> 3 contracts
[14:39:01] <wrbtrader> is area for a position reversal if wrong
[14:39:30] <wrbtrader> Exited Emini ES Long @ 3376.50 --> - 0.5
[14:39:30] <wrbtrader> Reverse and Enter Short Emini ES @ 3376.50
[14:40:38] <wrbtrader> Covered all Emini ES Short @ 3376.50 --> 0
[14:40:51] <wrbtrader> geeesh
[14:42:33] <wrbtrader> Long Emini ES @ 3376.50 -> small size
[14:42:38] <wrbtrader> 3 contracts
[14:44:16] <wrbtrader> Exited all Emini ES Long @ 3377.25 --> + 0.75
[14:44:23] <wrbtrader> early exit
[14:44:28] <wrbtrader> not a WRB pt1
[14:44:55] <wrbtrader> need to re-energize...not sure if that's my last trade of the day
[14:45:03] <wrbtrader> Be back later
[15:51:49] <wrbtrader> Shorts Emini ES @ 3377.00 -> large size
[15:51:53] <wrbtrader> 10 contracts
[15:52:35] <wrbtrader> stole a great entry
[15:55:19] <wrbtrader> Covered all Emini ES Short @ 3372.75 --> + 4.25 [15:55:29] <wrbtrader> WRB pt1 reached
[15:56:16] <wrbtrader> Had to take that WRB pt1...didn't want to be around too much longer because its in the window of the 4pm rush hour traffic
[15:56:28] <wrbtrader> Take care all and see all tomorrow
Session Close
Bloomberg Markets: The Close' Full Show (08/12/2020)
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