Jun 13, 2018 – Fire Management

Premarket Insight

Cold, rainy day here in the Philippines making me sleepy and lazy. Not a good recipe for an active day trader. That plus not much going on as of yet in the premarket. Volume is low and price action is virtually non-existent (watching GC-gold).

On the calendar, some PPI news at 8:30 and Fed action at 14:00 EST. Could be an interesting day after the bell. Praying for volatility.

 

At the Bell

Struggled again in the premarket with GC just bounding around, taking a long time to pick a direction. Not much else happened elsewhere in the market before the bell.

After the bell, NQ started another strong bull run in the first 10 minutes. Staying patient with my rule, waiting for a good entry to play fearlessly.

Choppiness got me after my green lighter taking an L on my first play. After looking back at the play, maybe played stop too tight here but it easily could have stopped me out for more, so I ain’t tripping. Setting up for the next opportunity.

A bullish pop here would mean another new all-time high (ATH)! Previous high at 7258 (NQU8).

 

COB Recap

Missed the break to the new ATH after getting stopped out. This preceded to me calling an audible and making a play on ES (S&P Futures) thinking it would follow EQ. I usually watch ES daily but rarely playing it.

However, thanks to some convo in the chatroom I’m a member of, realized something very interesting that I could use based off my strategy to play ES daily. Will do some in-depth studying and paper trading before going live with this insight.

Today, will more than likely play the Fed news in the afternoon, as Fed news usually offers great opportunities in the afternoon. For now, some quick midnight lunch (Philippine time) and study session.

 

Click the image for more details.

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

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. 🙂

 

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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”