Aug 2, 2018 – Frozen

Premarket Insight

What a bloody morning…

Red everywhere as I open up my charts at 07:00 EST, selloff starting in the Asian market hours. NQ down more than 50 points (-0.70%). The rest of my watchlist ES (S&P 500), CL (Crude Oil), GC (Gold), and 6E (Euro FX) all red with a lot of selloff for the non-U.S. market hours. Could turn out to be an interesting day.

According to investing.com, market selloff supposedly due to trade war between China and U.S. which makes sense as to why it started in the Asian market hours. I’m very curious to see U.S. traders’ response.

Nothing significant listed on the calendar today.

Keep in mind, none of this changes my strategy.

 

At the Bell

NQ jumped bullish right out the gate, making me once again wish I didn’t have the rule of not taking a trade in the first 5 minutes of the open. Have to be patient and wait for the right entry based off my strategy.

 

COB Recap

Well, NQ kept climbing up and never looked back and I never got an entry to take advantage. I don’t like chasing. However, I did get a nice win on CL, hitting my target for $300.

The rest of the morning for me was pretty much watching the chart like a dear in the headlights as I missed opportunity after opportunity. But I did finally unfreeze myself with a successful paper trade that I wished would have been life. Nice easy target hit for another $400.

Need to work on not getting froze after missing trades. Where’s a time machine when you need one?…

 

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”

 

Aug 1, 2018 – Good Start

Premarket Insight

New month, fresh beginnings. On AAPL’s earnings report yesterday, discovered an interesting way to play the last 30 minutes of the futures market session with a catalyst. Something I will be using in the future under the right circumstances.

Speaking of catalyst, today might be a day I play the afternoon session with FOMC statement and Fed Interest Rate decision at 14:00 EST. My morning session results will determine if I play that time or not.

Other events on the calendar, ADP Nonfarm Employment Change at 08:30 EST, ISM Manufacturing PMI at 10:00 EST and Crude Oil Inventories at 10:30 EST. Should have a good start to the month.

 

At the Bell

No trades premarket, officially only trading the U.S. stock market hours. So far, CL has been bearish since the open of the futures session and NQ pretty much trading sideways.

 

COB Recap

Not a bad start to the day and major proof of the power of my strategy in regard to how the wins makes up for the losses.

Missed a couple opportunities on NQ with it wild swings, not feeling comfortable with the entries. Those would have worked but when I finally took a trade it didn’t work out, giving back a small piece of my profits.

Overall, thanks to CL, not a bad start to the month, currently sitting at +$500 on the day. Will be taking a break here, waiting for the Fed news in 3 hours.

 

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”