Premarket insight for today’s Futures market with technical analysis of Nasdaq, Crude Oil, Gold, and Euro Fx futures. Daily affirmations and preparations are always a bonus! ?

Key Points for Today’s Premarket Insight:

• Economic Outlook
  • CPI
  • Crude Inventories
• Trump headline
• Euro Fx choppy
• Premarket volume: Moderate-Strong

President Trump makes headlines in the premarket today, which seems to be an attempt to give the markets some needed lift in response to the recent selloff. Euro forex Futures a bit out of character today trading all over the place on strong volume. There’s plenty of things going on today that should make things interesting throughout the day.

Stay calm, plan the trade, and trade the plan.

Topstep Trader Combine Futures mid-market recap

Total profit/loss = $20

• No Live Trades
• Only 1 trade in TST
• Choppy trend
• Price action
• Only scalps

Another morning of choppy price action. No trades taken in live account (AMP Futures) due to price action and my strategy would have only grabbed scalps at best. I know this because I paper traded in Sierra Chart.

There’s a way to correctly trade this kind of price action that I will detail in this video. With this low energy up to this point, I don’t feel like I will get a desirable setup without some significant pullback, so I’m deciding to end my day early again. There’s always Thursday!

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

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”

Premarket insight for today’s Futures market with technical analysis of Nasdaq, Crude Oil, Gold, and Euro Fx futures. Daily affirmations and preparations are always a bonus! ?

Key Points for Today’s Premarket Insight:

• Economic Outlook
  • PPI
• Normal News Headlines
  • China trade
  • Brexit
  • Oil
• Premarket Volume strength: Moderate

For the premarket volume check, CLF19 the only contract over 100k of volume with 6EZ18 not far behind. A good deal of bulls across the board leading up to the bell. 

Stay calm, plan the trade, and trade the plan.

Topstep Trader Combine Futures mid-market recap

Total profit/loss = $0

• No Trades Taken
• Price action not good for my strategy

The market was just too choppy today for my strategy and I didn’t see any good setups before deciding to call it a day before 11:30 EST. With NQ climbing more than 1% in the premarket, I did not feel like it would keep trading long. Bulls were putting up a fight to push it higher, but the bears were just too determined to stop the continuation.

For me, it’s better to not force it and end up flat with no trades than try to force a trade and take a loser. The market will be open tomorrow, so I will have a chance to make some gains another day.

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

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”

Premarket insight for today’s Futures market with technical analysis of Nasdaq, Crude Oil, Gold, and Euro Fx futures. Daily affirmations and preparations are always a bonus! ?

Key Points for Today’s Premarket Insight:

• Economic Outlook
  • Job Openings
• Brexit
• China trade talk
• Volume strength is Moderate

In today’s Premarket Insight I give a little market news breakdown and advice for trading in a bear market.

Stay calm, plan the trade, and trade the plan.

COB Recap

Total profit/loss = $185

• TST loss $-220
• AMP profit $405

Back in the live trading game strong. I recognized the pennant pattern forming, typical of the morning session lately, and waited for a good setup. Saw my opportunity and took it WITHOUT over-managing my trade and it worked out in a major way. 

Really ecstatic about my trading today! Not because of the money but because of the way I traded my strategy without psychologically screwing my trade up. Now all I need to do is keep doing that consistently.

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

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”