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”

 

Jun 11, 2018 – In Other Business

Premarket Insight

Monday is here again, YAAAAAY!!!

Did some in-depth studying on GC over the weekend between enjoying family time. Planning to go live on GC this week with high probability play based off studies. Hoping this week, we see the beginning of a new daily trend I can take advantage of.

Typical to Mondays, nothing significant on the calendar today, but a few things scheduled for this week that could bring some volatility into the markets mostly concerning the Fed and Trump. Will note them on the respective days.

 

At the Bell

Will miss open market today due to business meeting at 9am EST.

 

COB Recap

Only play of the day was on GC based off weekend studies, in the premarket. See details below from that play.

Got back to trading station around 11am EST after meeting to see I didn’t miss much. Decided to wait until tomorrow to make another trades when I can give my full attention. Happy was able to get one good play on GC that could have been more. Click the image to see how I should have played it.

 

Click image for more details.

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Jun 8, 2018 – Three Strikes

Premarket Insight

Today, seeing decent volume early on everything except NQ (Nasdaq Futures), even though NQ’s volume is higher than it has been all week at this time. GC (Gold Futures) has already had a decent pop early but could possibly be continuing high after this pullback.

Nothing significant on the calendar today to be aware of.

 

At the Bell

Not much at all happened premarket. Only caught a whole $10 of a struggling GC play bearish, getting out from the action of the 1 and 5 min candles.

More indecision as the market opens, NQ bouncing slightly bullish in a channel in the first 15 minutes. A lot of bearish sentiment from traders on various social platforms today, expecting another flash crash. However, this looks like a good place for the market to bouncing after yesterday’s selloff. Keeping my mind open for anything.

 

COB Recap

Stopped early today, as I took 3 losses back-to-back putting me down more than 2R on the day. Losses led to frustration and nothing good has ever came from trading while frustrated. Can get back at it next week. Still green for the week, so it is what it is.

 

Have a great weekend!

 

3rd strike. Click the image for more details.

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”