Jul 13, 2018 – Saved by the Oil

Premarket Insight

Getting started a bit late today in terms of looking at what’s going on with my daily playlist. Spent all morning back trading working on my strategy for currencies. Currently just focusing on Euro forex futures (6E). May go live with this strategy soon in my Generic Trade account since this strategy will be more hands off. Kind of like swing trading intra-day.

Speaking of Europe, NQ and CL has had decent bearish moves in the European market hours starting after 02:00 EST. There’s nothing on the calendar today, but as I mentioned Monday, today starts the Q2 earnings season with major banks reporting today. Should be enough to bring some volatility in the market. Maybe the S&P (ES) more than others. As always, staying ready for anything.

Goal today is to trade fearlessly, taking every opportunity I can catch based off my strategy.

 

At the Bell

Didn’t catch any action in the premarket. CL took off for what could have been a winner right at the start of my day. Mixed earnings reports from the banks resulted in a lot of indecision from the ring of the bell. Volume is present but seems as if the volatility started the weekend early.

 

COB Recap

Got back in the green with my last play on CL. Stopped taking plays on NQ after the 2nd loss and realizing there was too much indecision in the market. Would have really helped if I would have been paying attention and caught the short play I saw after my first 10-minutes rule. Was too focused on the CL play I was in.

Decided to stop trading around 11:25 and good thing since there were no more good moves. Ending the week in the green $660 growing the new account 44%. Time to enjoy the weekend. ?

Have a great weekend everyone!

 

The play that saved the day. 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 12, 2018 – Not Feeling It

Premarket Insight

Turns out yesterday was another day where the strong action was in the afternoon. On my watchlist, currencies (6E, 6B, 6J), crude oil (CL), and gold (GC) sold off hard after the morning session. Actually, they started their initial push after 10:15 EST. Really sucks missing moves like that but I really don’t like trading all day.

So far for today not much has happened with in NQ or CL On the daily NQ looking bullish and for CL some consolidation or additional selloff makes sense today. Staying ready for anything.

On the calendar Core CPI at 08:30 EST.

 

At the Bell

Took two losses early on CL. Price action is just way too choppy. Then it moved strong bearish a whole 96 points after I decided to stop trading until the open market when there should be more action. I missed two easy plays in that move. FML

NQ taking off bullish at the open from not much action in the premarket.

 

COB Recap

Made up my losses with a play on NQ buying the dip from the pullback of the bullish move at the open. Then after my 5-minute break between trades, saw I another play that I missed on CL from its pullback bouncing back bearish.

Might just call it a day today with this small win basically just paying for commissions. Not really feeling it today. Before I started trading today I was mentally preparing myself to take losses today but keep trading, however taking those two losses the way I did early really messed me up.

Key to note is I should have made more than $1,000 today had I been focused and taken all the opportunities. Even with the early big losses. Can say the same pretty much for every other day. Have to remember this as I go into each day with a fresh, positive mindset.

 

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 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”