Jun 14, 2018 – Volatile Europe

Premarket Insight

Managed to make my way back into the green yesterday afternoon on the Fed news. That news resulting everything on my futures watchlist (metals, forex, and indices) taking a plunge for a close bearish.

Logging into my platform, GC decided to get going early without me, already up more than 7 points (0.55%) with volume more than 100K. The only play I could see taking today would be bearish move on some pullback action at this point.

Nasdaq futures (NQ) looking pretty normal for this time. Only thing on the calendar today is Retail Sales at 08:30 EST.

I’m not currently playing forex futures, but around 07:45 EST saw the volume for 6E (Euros) going crazy and checked it out to see it dropping hard on news. Not long after, got alert on GC starting a bearish move. Entered order to go short. NQ popped bullish hard at the same time.

Fortunately, GC order was never filled, as order was placed in right location with it bouncing back bullish from my entry price before going higher. Paper traded the bullish side. Paper trade was successful in about 10 minutes. If only it is this effortless when trading live. lol

 

At the Bell

NQ opened up the market continuing strong bullish from its initial pop premarket. The first pullback happened about 10 minutes after the open setting up another entry long.

Price action is so volatile at this point, finding it a little challenging to find a place to get in without using a market order,

 

COB Recap

Was able to catch a couple scalps on a slow relatively small continuation. Still need to work on management. Had I just held it after entry the trade would have paid off more.

Ended with a green day but it should have been much more. Feeling a bit frustrated with myself.

 

Click the image for more details.

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Jun 13, 2018 – Fire Management

Premarket Insight

Cold, rainy day here in the Philippines making me sleepy and lazy. Not a good recipe for an active day trader. That plus not much going on as of yet in the premarket. Volume is low and price action is virtually non-existent (watching GC-gold).

On the calendar, some PPI news at 8:30 and Fed action at 14:00 EST. Could be an interesting day after the bell. Praying for volatility.

 

At the Bell

Struggled again in the premarket with GC just bounding around, taking a long time to pick a direction. Not much else happened elsewhere in the market before the bell.

After the bell, NQ started another strong bull run in the first 10 minutes. Staying patient with my rule, waiting for a good entry to play fearlessly.

Choppiness got me after my green lighter taking an L on my first play. After looking back at the play, maybe played stop too tight here but it easily could have stopped me out for more, so I ain’t tripping. Setting up for the next opportunity.

A bullish pop here would mean another new all-time high (ATH)! Previous high at 7258 (NQU8).

 

COB Recap

Missed the break to the new ATH after getting stopped out. This preceded to me calling an audible and making a play on ES (S&P Futures) thinking it would follow EQ. I usually watch ES daily but rarely playing it.

However, thanks to some convo in the chatroom I’m a member of, realized something very interesting that I could use based off my strategy to play ES daily. Will do some in-depth studying and paper trading before going live with this insight.

Today, will more than likely play the Fed news in the afternoon, as Fed news usually offers great opportunities in the afternoon. For now, some quick midnight lunch (Philippine time) and study session.

 

Click the image for more details.

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Jun 12, 2018 – Trade Code Eight

Premarket Insight

The challenge for me today is staying focused on my trading with the other business I have to tend to elsewhere. The plan is the same as yesterday, watching for a play in GC in the premarket with NQ scalping after the bell.

Only thing on the calendar today is Core CPI news at 08:30 EST, of which I’m not expecting much to come out of.

Some other things that could create some noise in the market is news about the Trump and Kim situation and Fed activity, as reported on investing.com.

 

At the Bell

Ended up taking a loss in the premarket thanks to over-management on GC play. NQ bounced off a pivot point in the premarket, entering the bell bullish.

…And continued bullish in the first 10 minutes. Here, will be looking for a possible pullback and good support/resistance to setup a good place to enter.

At 10:00 EST TOS decided to stop feeding me data. Good thing I still have the data with TradingView as a backup. Had to switch over to keep trading.

 

COB Recap

Welp, today was another one of those days of many struggles. NQ kept bouncing around into it finally popped bullish into new high of the day, of course while I wasn’t paying attention, missing the move. By this time, I had redirected my attention to studying CL. At this point, can’t do anything but laugh.

Takeaway: I need to make some adjustments for how aggressive I am at entering. This will require making a very small tweak to how I play the original strategy I developed.

All-in-all, not a terrible day. A red day from over-managing the GC play premarket, but I can confirm I am still progressing as a trader. The market will be open tomorrow. 🙂

 

Click the image for more details

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”