Aug 1, 2018 – Good Start

Premarket Insight

New month, fresh beginnings. On AAPL’s earnings report yesterday, discovered an interesting way to play the last 30 minutes of the futures market session with a catalyst. Something I will be using in the future under the right circumstances.

Speaking of catalyst, today might be a day I play the afternoon session with FOMC statement and Fed Interest Rate decision at 14:00 EST. My morning session results will determine if I play that time or not.

Other events on the calendar, ADP Nonfarm Employment Change at 08:30 EST, ISM Manufacturing PMI at 10:00 EST and Crude Oil Inventories at 10:30 EST. Should have a good start to the month.

 

At the Bell

No trades premarket, officially only trading the U.S. stock market hours. So far, CL has been bearish since the open of the futures session and NQ pretty much trading sideways.

 

COB Recap

Not a bad start to the day and major proof of the power of my strategy in regard to how the wins makes up for the losses.

Missed a couple opportunities on NQ with it wild swings, not feeling comfortable with the entries. Those would have worked but when I finally took a trade it didn’t work out, giving back a small piece of my profits.

Overall, thanks to CL, not a bad start to the month, currently sitting at +$500 on the day. Will be taking a break here, waiting for the Fed news in 3 hours.

 

Click the image for more details.

 

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Jul 31, 2018 – Down Swinging

Premarket Insight

Would love to have a great day today, but being realistic I’m not expecting to end the month in the green being so far in the red. Had I traded slightly different Friday and yesterday things would be different, but it is what it is.

Today, all eyes are on AAPL with it earnings report after the closing bell. I’ll decide later if I will try to play that or not. I haven’t been too impressed with earnings this quarter.

Other than that, there’s nothing significant on the calendar today and no other headlines pop out from what I checked to cause a stir in the market today. Just business as usual. Again, starting my trading after the open bell.

 

At the Bell

NQ opening bullish after some slight activity in the premarket. CL finally came out of the premarket chop strong bearish. I paper traded it successfully. NQ started about ten minutes before the bell with a strong bull move that continued in the first five minutes of the open. I wouldn’t be surprised to see some pullback from the strong drop of the last couple trading days.

 

COB Recap

Stopped trading after my successful trade on NQ hitting my target at 10:20 EST, bringing my P/L for the day to $520. With all the struggles recently didn’t want to give any of that up even if that meant missing out on a trade later on. Feeling like it’s better to end the month strong to carry over into the new trading month with a confidence boost.

At the end of the day, had I kept trading would have had one loss and one more win moving my P/L up another $200 on NQ. Could have had more losses CL so I’m not sweating it one bit. I just paper traded to scratch the itch (lol). Not a bad way to end a rough month. August is mine!!!

 

Not sure why it cut out half the trade, but click the image to see the full trade.

 

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

30 Jul, 2018 – Tug-a-War

Premarket Insight

Looks like I’m not the only one excited for the return of Monday as we’re already seeing strong movement in the market thanks to the Asian and European markets. On my watchlist, CL has already jumped more than 100 ticks (1.07%) before 08:00 EST.

NQ continued a small bearish at the open of the Futures market before a bit of retracement, bouncing off Friday’s close. I’m predicting QQQ opens gapped down and we continue to head south at some point after the bell. Still overall a bullish market, but some retracement on the daily makes sense here, in my opinion.

My weekend study shows I have majorly underperformed my strategy, revealing I should be well beyond my $10k goal I set at the beginning of the month. A bit disappointing in my performance but highly encouraging seeing the potential. I will be locked in today, focused on consistency and discipline, keeping with the plan of taking my first trade after the bell.

On the calendar today, Pending Home Sales at 10:00 EST.

 

At the Bell

So, I was off with my prediction for QQQ. It did not really gap down. QQQ basically opened where it closed but the bears were strong at the open, so my sentiment was right. I haven’t taken a trade yet, waiting for the appropriate entry based off my strategy, even though hindsight says I could be in the green already. No sweat, it’s still early.

CL still moving bullish.

 

COB Recap

Well, that totally sucked! After the first huge drop that I missed from not getting the proper signal the choppy price action was horrible. Ended up taking an overly aggressive trade expecting continuation (instant regret) taking an unnecessary loss. Then was only able to take some scalps before I took the hint and just switched over to paper trading the rest of the day to entertain my boredom.

Not a thing happened with NQ or CL, which I’m not so surprised by CL since it moved so strong in the premarket. Not too many traders would be eager to get in at the top of such a strong move and would be hesitant of fading here without motivation from a decent breakout move bearish that we never got. There’s always tomorrow…

 

Click the image for more details.

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”