Stocks Look Attractive – AUG 17, 2020

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EVERY DAY IS A FRESH START

PREMARKET ROUTINE & THOUGHTS

  • Sort of a busy morning
  • Got plenty of sleep.. woke up earlier than usual
  • Meditation and brief yoga session
  • Feeling energetic and relaxed
  • I know the exact setup I am looking for. Need to take them all so I have some real numbers to go off before determining if adjustments need to be made
  • Let’s get it!

Remember the setup DOES NOT have to be PERFECT.

TRADING NOTES

10:08 – Looking at pivot at 252.00 – Placed limit order for the bounce. 1 contract

10:14 – Beautiful entry.. Just not enough momentum to keep pushing higher. Stopped out for break even

10:16 – Another bounce off 468.1 line. Wife is disturbing me 🤦🏾‍♂️

10:26 – Looked left to find motivation for that bounce. Basically price bounced off the pivot created by Friday’s high

10:30 – SIGNING OUT. TRADE IT EASY!

 

Rob

Mv3 Trader

“Great Trades Come From Within”

 

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

Comment below with your opinions and questions.

Mismatch Charting – AUG 14, 2020

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I AM GRATEFUL AND HIGHLY BLESSED! I AM FOCUSED!

PREMARKET ROUTINE & THOUGHTS

  • Woke up a few minutes later than usual due to a little sleeping troubles last night
  • Started day off with about a 15 min yoga and meditation session
  • Feeling rested and positive 😊
  • One area of improvement – Neglected to setup my NinjaTrader chart last night with my power range drawings. Had to get that done before the open
  • READY!

Remember the setup DOES NOT have to be PERFECT.

TRADING NOTES

09:32 – Looking choppy out the gate. Not surprising for a Friday. I usually like to not trade aggressive on Fridays

09:35 – Was thinking to go short there before the close of the candle at 167 but my plan is to make trading decisions on closed candles ONLY, so passed. As I’m writing this, I’m reminded why I have that rule by the price action.

09:41 – We can see how wild price action is looking at the 1 min and tick chart.. I’m seeing scalping opportunities, but do to this battle zone we’re trading in I choosing to sit on the sidelines and just wait until things calm down a little.

09:44 – Opening my quad chartbook to get a snapshot of the other markets

09:46 – Looking at next support range at 149 – 138 (ish)

09:50 – Short taken at 150 to ride momentem but didn’t work out the way I would like. Mental stop loss, Could have held it a little longer for a scalp but not worth the risk in my mind. Wanted a pullback to the 160 area..

09:52 – Noticing conflicting Fib lines between Sierra anc NinjaTrader… Let’s see which ones are more relavant. Interestingly my power range lines are drawn identically, hmmm….

10:00 – [THOUGHT] Need to check how detailed I can get with NinjaTrader hot keys.

10:05 – Accidently place and order short with hotkey in Sierra trying to print screen (LUCKY!)

10:08 – As of right now Fib lines on Sierra look more relevant. They’re actually too many lines on NinjaTrader. Need to look into that later.

10:11 – [THOUGHT] BTD has a greater probability of success when near the 20 ma

10:13 – I froze for a second seeing the extra Fib line on NinjaTrader which led to me missing out on this big move short!

10:17 – Gotta figure out a better way to place stop limit orders on NT8. Not a fan of the current setup. Was looking at a breakout trade but couldn’t get order placed fast enough.

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10:30 – SIGNING OUT. TRADE IT EASY!

 

Rob

Mv3 Trader

“Great Trades Come From Within”

 

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

Comment below with your opinions and questions.