Jul 11, 2018 – Crude Luck

Premarket Insight

Spent the morning before my trading continuing my study on how I want to do some sort of swing trading currency futures using my Generic Trade account. Came up with some ideas that I will paper trade first before going with live money. Looks solid with back trading.

Volume looks pretty strong in the market this morning (NQ) selling off from yesterday’s doji on the daily chart.

On the calendar today, PPI at 08:30 and Crude Oil Inventories at 10:30. Nothing super exciting but with the volume today there’s a good chance we could see some decent action with Trump’s international activities.

 

At the Bell

Pretty slow premarket. Caught one on CL in the premarket but only a break even. Holding another through the bell which will probably end in another break-even due to time and me not liking to hold a play through the open.

NQ jumping bullish strong in the first few mins of the open.

 

COB Recap

Completely forgot about the Crude Oil report and got lucky thanks to discipline as it started to spike like crazy right before 10:30. It hit my target and immediately reversed in the opposite direction.

After that pretty much just ended up watching, missing one on NQ and paper trading a small winner and a small loser between CL and NQ. Almost 11:30 EST at the time of this writing contemplating taking my profits here and calling it a day.

Yep, I’m taking my winnings and going home. Someone told me the market will be open again tomorrow. ?

 

Click the image for more detail.

 

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Jul 10, 2018 – Progress

Premarket Insight

Doing my premarket analysis a bit late today. I was setting up a chartbook for studying in my new platform and had to make sure I still made time for some yoga. At this point, with a new broker, I’m thinking what I will do with my previous broker. The commissions and fees are low, and they are still a good broker, I just don’t like their platform for day trading. I’m starting to study an idea I have for swing trading futures.

For the market, so far volume is pretty normal. Not much has happened on my daily watchlist (NQ & CL). Pretty much a bunch of chopping around. Patterns are still present to signify it could be a pretty interesting day when the crowd comes in.

Only thing on the calendar today is JOLTs Job Openings at 10:00 EST.

 

At the Bell

Caught one play in the premarket on some choppiness in CL. NQ still bouncing around but did have a bearish play after 07:30 EST that I could have played.

In the first few minutes of the open, NQ looks to be starting a fade as it’s ETF partner QQQ gapped up in the after-hours. Watching to see how far this goes. Was hesitant on another CL play with all the choppiness and missed an entry after the bell.

 

COB Recap

Market continued to chop around for the better half of the morning, yet I was able to end my day an hour early in the green with 50% accuracy. Even though my profit for the day was small at $205 I’m very happy because it wasn’t too long ago that days like this resulted in a day with a whole heap of red. #Progress

 

Click the image for more detail.

 

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Jul 9, 2018 – Simple Beginning

Premarket Insight

Monday is here again and an exciting one for me. I was finally able to open an account with AMP Futures and today will be the first day I trade using Sierra Chart. I prefer this platform because it allows me to trade from the chart with some additional features for executing my strategy. Being overseas creates some challenges with setting up accounts with certain brokers, which is what took me so long to get this account with AMP. I will write an article about setting up an account for U.S. residents living abroad later.

Now, for the market, along with the continuation of the trade war drama and Fed news, this week kicks of Q2 earning season with some major banks (JPM, C, and WFC) reporting Friday. Nothing sticks out on the calendar today, but this should definitely be an exciting week.

We’ve already seen some significant action from CL (bearish) and NQ (bullish) before 06:00 EST on decent volume with it being so early. I’m all setup and ready to execute my trades with discipline and consistency.

 

At the Bell

Got off to a rough start, taking a loss followed by missing another one that would have been a winner on CL. CL and NQ mostly chopped around in the premarket after their early movement before 06:00 EST. So far for me it’s just been lesson learning. Now waiting for the next setup.

In the first five minutes, NQ continuing its bullish climb pretty strong.

 

COB Recap

Everything pretty much just bouncing around today. Missed one play that would have hit target on CL but was able to catch the below play on NQ after it retested the previous resistance. Ended the day kind of early after that play just taking a couple more paper trades and watching. Could have been better had I got the two plays I missed on CL but I’m starting the week and my first day in the new trading account in the green so I’m not complaining.

 

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”