Jun 18, 2018 – Baby Steps

Premarket Insight

Primary focus this week will be on GC (gold) and CL (crude oil) in the premarket and NQ after the open, staying true to my 10 min rule.

 

Logging in to start my day, so far GC is bouncing in a range. CL has already taken off bullish. However, need to keep in mind the volatility of CL. Typically it can always give good opportunities in any direction at any time.

 

I’m not seeing anything super significant on the calendar or in the news today.

 

At the Bell

NQ had significant selloff in the premarket, down 50 points (0.70%) before the open. Most of that selloff happening before midnight Sunday. Possible flash crash coming? … (fingers crossed)

 

NQ continued a bearish dip and bounced off a pivotal point. (insert pun here)

 

COB Recap

Let the choppiness get the best of me after the open today, Only was able to catch several small scalps on NQ, but should have been much more. Started to get frustrated so decided to take a break from my desk. That’s when the market decided to have its bullish pop, where I should have got my nice win. Ended up just scalping the top of that move.

 

The early moves in GC and CL only resulted in a small scalp off GC in the premarket.

 

Click the image for more details.

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Jun 15, 2018 – Bloody Battle

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.

 

Click the image for details.

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Jun 14, 2018 – Volatile Europe

Premarket Insight

Managed to make my way back into the green yesterday afternoon on the Fed news. That news resulting everything on my futures watchlist (metals, forex, and indices) taking a plunge for a close bearish.

Logging into my platform, GC decided to get going early without me, already up more than 7 points (0.55%) with volume more than 100K. The only play I could see taking today would be bearish move on some pullback action at this point.

Nasdaq futures (NQ) looking pretty normal for this time. Only thing on the calendar today is Retail Sales at 08:30 EST.

I’m not currently playing forex futures, but around 07:45 EST saw the volume for 6E (Euros) going crazy and checked it out to see it dropping hard on news. Not long after, got alert on GC starting a bearish move. Entered order to go short. NQ popped bullish hard at the same time.

Fortunately, GC order was never filled, as order was placed in right location with it bouncing back bullish from my entry price before going higher. Paper traded the bullish side. Paper trade was successful in about 10 minutes. If only it is this effortless when trading live. lol

 

At the Bell

NQ opened up the market continuing strong bullish from its initial pop premarket. The first pullback happened about 10 minutes after the open setting up another entry long.

Price action is so volatile at this point, finding it a little challenging to find a place to get in without using a market order,

 

COB Recap

Was able to catch a couple scalps on a slow relatively small continuation. Still need to work on management. Had I just held it after entry the trade would have paid off more.

Ended with a green day but it should have been much more. Feeling a bit frustrated with myself.

 

Click the image for more details.

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”