Aug 2, 2018 – Frozen

Premarket Insight

What a bloody morning…

Red everywhere as I open up my charts at 07:00 EST, selloff starting in the Asian market hours. NQ down more than 50 points (-0.70%). The rest of my watchlist ES (S&P 500), CL (Crude Oil), GC (Gold), and 6E (Euro FX) all red with a lot of selloff for the non-U.S. market hours. Could turn out to be an interesting day.

According to investing.com, market selloff supposedly due to trade war between China and U.S. which makes sense as to why it started in the Asian market hours. I’m very curious to see U.S. traders’ response.

Nothing significant listed on the calendar today.

Keep in mind, none of this changes my strategy.

 

At the Bell

NQ jumped bullish right out the gate, making me once again wish I didn’t have the rule of not taking a trade in the first 5 minutes of the open. Have to be patient and wait for the right entry based off my strategy.

 

COB Recap

Well, NQ kept climbing up and never looked back and I never got an entry to take advantage. I don’t like chasing. However, I did get a nice win on CL, hitting my target for $300.

The rest of the morning for me was pretty much watching the chart like a dear in the headlights as I missed opportunity after opportunity. But I did finally unfreeze myself with a successful paper trade that I wished would have been life. Nice easy target hit for another $400.

Need to work on not getting froze after missing trades. Where’s a time machine when you need one?…

 

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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”

 

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”