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”

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:

• Markets dip strong with Huawei arrest concerns
• Volume strength strong with 2 contracts over 100k:
  • CLF19
  • NQZ18
• Economic Outlook
  • PMI
  • Crude Oil Inventories
  • Nonfarm Employment

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

COB Recap

Total profit = $95

• Scalps
• Choppy open
• Patience

Ended up cheating myself in the long run over-managing my trades. Took two trades on RTY and one on NQ. Overall good to be green, but seriously need to trash this habit of over-managing my trades.

There’s a good chance we have more stable action in the afternoon with the morning non-directional volatility. #notrends

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

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”