Jul 13, 2018 – Saved by the Oil

Premarket Insight

Getting started a bit late today in terms of looking at what’s going on with my daily playlist. Spent all morning back trading working on my strategy for currencies. Currently just focusing on Euro forex futures (6E). May go live with this strategy soon in my Generic Trade account since this strategy will be more hands off. Kind of like swing trading intra-day.

Speaking of Europe, NQ and CL has had decent bearish moves in the European market hours starting after 02:00 EST. There’s nothing on the calendar today, but as I mentioned Monday, today starts the Q2 earnings season with major banks reporting today. Should be enough to bring some volatility in the market. Maybe the S&P (ES) more than others. As always, staying ready for anything.

Goal today is to trade fearlessly, taking every opportunity I can catch based off my strategy.

 

At the Bell

Didn’t catch any action in the premarket. CL took off for what could have been a winner right at the start of my day. Mixed earnings reports from the banks resulted in a lot of indecision from the ring of the bell. Volume is present but seems as if the volatility started the weekend early.

 

COB Recap

Got back in the green with my last play on CL. Stopped taking plays on NQ after the 2nd loss and realizing there was too much indecision in the market. Would have really helped if I would have been paying attention and caught the short play I saw after my first 10-minutes rule. Was too focused on the CL play I was in.

Decided to stop trading around 11:25 and good thing since there were no more good moves. Ending the week in the green $660 growing the new account 44%. Time to enjoy the weekend. ?

Have a great weekend everyone!

 

The play that saved the day. Click the image for more detail.

 

 

For real-time insights follow me on Twitter! @Mv3Trader

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Jul 12, 2018 – Not Feeling It

Premarket Insight

Turns out yesterday was another day where the strong action was in the afternoon. On my watchlist, currencies (6E, 6B, 6J), crude oil (CL), and gold (GC) sold off hard after the morning session. Actually, they started their initial push after 10:15 EST. Really sucks missing moves like that but I really don’t like trading all day.

So far for today not much has happened with in NQ or CL On the daily NQ looking bullish and for CL some consolidation or additional selloff makes sense today. Staying ready for anything.

On the calendar Core CPI at 08:30 EST.

 

At the Bell

Took two losses early on CL. Price action is just way too choppy. Then it moved strong bearish a whole 96 points after I decided to stop trading until the open market when there should be more action. I missed two easy plays in that move. FML

NQ taking off bullish at the open from not much action in the premarket.

 

COB Recap

Made up my losses with a play on NQ buying the dip from the pullback of the bullish move at the open. Then after my 5-minute break between trades, saw I another play that I missed on CL from its pullback bouncing back bearish.

Might just call it a day today with this small win basically just paying for commissions. Not really feeling it today. Before I started trading today I was mentally preparing myself to take losses today but keep trading, however taking those two losses the way I did early really messed me up.

Key to note is I should have made more than $1,000 today had I been focused and taken all the opportunities. Even with the early big losses. Can say the same pretty much for every other day. Have to remember this as I go into each day with a fresh, positive mindset.

 

Click the image for more details.

 

For real-time insights follow me on Twitter! @Mv3Trader

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Jul 11, 2018 – Crude Luck

Premarket Insight

Spent the morning before my trading continuing my study on how I want to do some sort of swing trading currency futures using my Generic Trade account. Came up with some ideas that I will paper trade first before going with live money. Looks solid with back trading.

Volume looks pretty strong in the market this morning (NQ) selling off from yesterday’s doji on the daily chart.

On the calendar today, PPI at 08:30 and Crude Oil Inventories at 10:30. Nothing super exciting but with the volume today there’s a good chance we could see some decent action with Trump’s international activities.

 

At the Bell

Pretty slow premarket. Caught one on CL in the premarket but only a break even. Holding another through the bell which will probably end in another break-even due to time and me not liking to hold a play through the open.

NQ jumping bullish strong in the first few mins of the open.

 

COB Recap

Completely forgot about the Crude Oil report and got lucky thanks to discipline as it started to spike like crazy right before 10:30. It hit my target and immediately reversed in the opposite direction.

After that pretty much just ended up watching, missing one on NQ and paper trading a small winner and a small loser between CL and NQ. Almost 11:30 EST at the time of this writing contemplating taking my profits here and calling it a day.

Yep, I’m taking my winnings and going home. Someone told me the market will be open again tomorrow. ?

 

Click the image for more detail.

 

 

For real-time insights follow me on Twitter! @Mv3Trader

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”