Premarket Insight

As expected, the NQ is having some pullback in the premarket in response of a strong day bullish yesterday. GC already looking strong on volume. Hasn’t made a significant move yet. On the daily, could be at an area to break out of this consolidation bullish.

On the playlist today is the usual, GC in the premarket and NQ after the bell. Will also be working on some things with paper money.

At the Bell

Later I did realize today is expiration Friday, so all the selling in the premarket made sense. I should have played NQ in the premarket with this knowledge. Could have caught some nice scalps.

As usual, the first 10 mins of the open chopped around with no general direction. Took one L in the premarket on GC (gold futures) with a valuable takeaway of having one too many indicators on my chart. Sucks to lose but happy I was able to learn from it.

COB Recap

Long story short, pretty much ended the day getting caught in a revenge trade. Took 2 Ls getting caught being aggressive at the wrong time in the middle of a battle between the bulls and the bears with a little felling of regret from missing an earlier opportunity.

BTW, I was completely wrong on GC with my earlier analysis on it being at a good position to pop higher breaking out of daily consolidation. Instead, it decided to let the bears in for a field day.

See my mess below.

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”

Premarket Insight

The challenge for me today is staying focused on my trading with the other business I have to tend to elsewhere. The plan is the same as yesterday, watching for a play in GC in the premarket with NQ scalping after the bell.

Only thing on the calendar today is Core CPI news at 08:30 EST, of which I’m not expecting much to come out of.

Some other things that could create some noise in the market is news about the Trump and Kim situation and Fed activity, as reported on investing.com.

At the Bell

Ended up taking a loss in the premarket thanks to over-management on GC play. NQ bounced off a pivot point in the premarket, entering the bell bullish.

…And continued bullish in the first 10 minutes. Here, will be looking for a possible pullback and good support/resistance to setup a good place to enter.

At 10:00 EST TOS decided to stop feeding me data. Good thing I still have the data with TradingView as a backup. Had to switch over to keep trading.

COB Recap

Welp, today was another one of those days of many struggles. NQ kept bouncing around into it finally popped bullish into new high of the day, of course while I wasn’t paying attention, missing the move. By this time, I had redirected my attention to studying CL. At this point, can’t do anything but laugh.

Takeaway: I need to make some adjustments for how aggressive I am at entering. This will require making a very small tweak to how I play the original strategy I developed.

All-in-all, not a terrible day. A red day from over-managing the GC play premarket, but I can confirm I am still progressing as a trader. The market will be open tomorrow. 🙂

Comment below with your opinions and questions.

Rob

Mv3 Trader

“Trade Consciously”