Jun 5, 2018 – Frustrating Distractions

Premarket Insight

Two things on the calendar today, ISM Non-Manufacturing Employment and JOLTs Job Openings. Possibly could bring volatility into the market at 10am.

NQ started a nice bull run at 3am EST, jumping more than 30 points before 6am. Was initially thinking to trade GC before the bell but it’s looking light on volume now, so maybe I will pass on playing GC today.

 

At the Bell

Good decision to not play GC with live account, paper traded only. Could have only made a small amount of money. My time was better spent doing other business. Across the board not much at all happened. Out the gate, the battle between the bears and the bulls continues as the price bounces in a tight range.

With NQ coming up to a new all time high expecting to see some kind of pullback or indecision before another serious move. Today will take a lot of patience and discipline with this low energy on low volume.

 

COB Recap

Feeling a bit frustrated with second play of the day. Was getting distracted by things going on in the house so wasn’t as focused as I needed to be. After entering the trade, I adjusted the stop loss order to exit for less of a risk, but I didn’t make sure the order update was submitted. Got stopped out for a full R (risk) because I didn’t realize my mistake until it was too late. That basically returned me flat for the day.

However, was able to make it back later. Would have liked to have not taken that loss or much less of loss but what to do.

 

Got a nice scalp then gave it back. Click the image to see more.
Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Jun 4, 2018 – #Boring

Premarket Insight

Super slow in the premarket to start off the week. It’s definitely Monday. Nothing significant on the calendar for today.

This morning I will just be paper trading gold futures (GC), working on restructuring my day trading plan.

 

At the Bell

Up to the bell not a thing happened premarket really. Volume pretty much normal for what we’ve seen lately. Got a nice bullish pop in the first 5 mins of the open market but coming up to some key resistance. Staying patient and disciplined in my 10 min rule.

 

COB Recap

Not a thing happened after that 5 min run! Just hung out sideways, chopping in a weird flag-like pattern. Scrolling left, most of the action happened in the premarket at the break of the futures market session open after 7pm Sunday.

Made one attempt at a breakout that resulted in a half R loss. Oh well, to live and trade another day. Trading capital protected. ?

 

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

 

Jun 1, 2018 – Stay Focused

Premarket Insight

Couple of key news events on the calendar today according to investing.com. I will miss the premarket but there could be some interesting action after 8:30 EST with Nonfarm Payrolls and Unemployment Rate news providing a catalyst to the market. Only time will tell. Hoping it translates well into the market hours with plenty of volatility.

Also, ISM Manufacturing PMI may bring some additional energy into the market at 10:00 EST.

 

At the Bell

The premarket activity only resulted in a moderate swing of energy as the market dipped down to be slingshotted bullish. It calmed down into bell before pushing hard bullish again before 10:40 EST. Watching and waiting for a good setup, expecting some pullback here.

 

COB Recap

The pullback did come but super quick and I missed it paying attention to something else. The market continued to stair-step higher, but I didn’t take a single play. Lack of focus got me today. Too many side distractions…

 

Got’s to be more focused!

Rob

Mv3 Trader

“Trade Consciously”