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 18, 2018 – Show Me the Volume

Premarket Insight

In my crisis yesterday, realized I’ve been doing myself a major disservice by stepping away from my primary strategy on NQ. Could have been crushing it this whole time had I just stuck with it, only adding the breakeven plan I have developed over time. Let that be a lesson to always stick with the strategy through thick and thin, only making minor adjustments (adding to, not taking away) for improvement of performance. Will be reverting back to that strategy immediately!

A few things on the calendar today. Building Permits at 08:30 EST, Fed Chair Powell Testifies at 10:00 EST, and Crude Oil Inventories at 10:30 EST.

 

At the Bell

Again, took two losses in the premarket on CL. I was hesitant to take those plays and I should have went with that instinct because the volume was so low, really across the board. There was very little action for anything in the premarket, except GC that had just a small bullish movement.

NQ showing more indecision in the first few minutes of the open and low volume like we saw back in June. May be mostly watching for the rest of the day. The market is just too choppy for my strategy so far today. Have to stay positive and open for anything.

 

COB Recap

After my third loss on CL I had to follow my rule this time and stopped. That was followed by, about an hour later, taking a paper trade on CL that worked like a charm. I really messed up with that mistake premarket but what stuck out more to me is I the volume. Creating a new rule now to not take any trades on CL or GC if the volume is below 100K. Still trying to decide for NQ because it can push for decent opportunities on less than 100K volume as confirmed by my studies last night.

Another losing day. Tomorrow primary focus going back to NQ. Should have been the primary focus for today. Another day where I successfully managed my risk so I’m still alive to trade another day! There’s always tomorrow.

 

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

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Jul 5, 2018 – One Second Victory

Premarket Insight

Finally, the markets are back open! I remember a time when I eagerly awaited short work weeks and days off. That has completely changed since I took my day-trading full time! Yesterday was the longest 4th of July in my life! (LOL) I digress…

Anyway, logging in to my platform, I can see I wasn’t the only one missing the market seeing high volume and strong movement early in the premarket. Also, there are plenty of volatility catalysts on the calendar today.

  1. 8:15 EST – ADP Nonfarm Employment Change
    • with jobless claim 15 minutes later as a potential boost
  2. 10:00 EST – ISM Non-Manufacturing PMI
  3. 11:00 EST – Crude Oil Inventories
  4. 14:00 EST – FOMC Meeting Minutes

 

Should be a pretty eventful day. I spent a good part of the holiday yesterday getting some good back testing in on NQ and CL using Sierra Chart’s replay mode. On that note, hopefully I hear some good news today from AMP Futures setting up my account with them. I highly prefer that platform over Generic Trader.

 

At the Bell

Got one win and one loss on CL. The loss was bigger than the win so I’m currently in the red a little. That play was a bit too aggressive but I’m still counting it as a good play because the 1 min candles were kind of tricky.

Today I will be more than likely only playing CL since I no longer have the initial margin to play NQ with paying myself for June and the losses on Tuesday. It’s all good though since right now I prefer to play CL anyway.

Got off to not so great of a start missing my entry on CL at the open of the market being one mouse click too slow. Really hoping I can get this account with AMP soon. Having to use 2 platforms to make trades is doing too much. With Sierra Chart I can do everything right from the same platform. Plus, I can setup my strategy so that all I have to do is enter the play and let the strategy play itself out. Easy hands-free trading.

Now let me get focused…

 

COB Recap

Market got super choppy in the first hour of the open. CL basically slowed down to a crawl with very little action, where I found myself stuck in a play of agony as it chopped around between my entry and stop loss for 20 mins before finally stopping me out.

 

I decided to take a break around 10:30 due to the lack of action and walked to the store with my wife. Came back to see the volatility had picked up, so put my order in and got filled with $300 profit literally one second later! Nice to finally have one of those types of surges work out in my favor.

 

Taking a break now to eat some midnight lunch since I will be trading the afternoon session with the Fed news. See that one second play in the image below.

 

 

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”