Jun 13, 2018 – Fire Management

Premarket Insight

Cold, rainy day here in the Philippines making me sleepy and lazy. Not a good recipe for an active day trader. That plus not much going on as of yet in the premarket. Volume is low and price action is virtually non-existent (watching GC-gold).

On the calendar, some PPI news at 8:30 and Fed action at 14:00 EST. Could be an interesting day after the bell. Praying for volatility.

 

At the Bell

Struggled again in the premarket with GC just bounding around, taking a long time to pick a direction. Not much else happened elsewhere in the market before the bell.

After the bell, NQ started another strong bull run in the first 10 minutes. Staying patient with my rule, waiting for a good entry to play fearlessly.

Choppiness got me after my green lighter taking an L on my first play. After looking back at the play, maybe played stop too tight here but it easily could have stopped me out for more, so I ain’t tripping. Setting up for the next opportunity.

A bullish pop here would mean another new all-time high (ATH)! Previous high at 7258 (NQU8).

 

COB Recap

Missed the break to the new ATH after getting stopped out. This preceded to me calling an audible and making a play on ES (S&P Futures) thinking it would follow EQ. I usually watch ES daily but rarely playing it.

However, thanks to some convo in the chatroom I’m a member of, realized something very interesting that I could use based off my strategy to play ES daily. Will do some in-depth studying and paper trading before going live with this insight.

Today, will more than likely play the Fed news in the afternoon, as Fed news usually offers great opportunities in the afternoon. For now, some quick midnight lunch (Philippine time) and study session.

 

Click the image for more details.

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Jun 12, 2018 – Trade Code Eight

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. 🙂

 

Click the image for more details

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”

 

Jun 8, 2018 – Three Strikes

Premarket Insight

Today, seeing decent volume early on everything except NQ (Nasdaq Futures), even though NQ’s volume is higher than it has been all week at this time. GC (Gold Futures) has already had a decent pop early but could possibly be continuing high after this pullback.

Nothing significant on the calendar today to be aware of.

 

At the Bell

Not much at all happened premarket. Only caught a whole $10 of a struggling GC play bearish, getting out from the action of the 1 and 5 min candles.

More indecision as the market opens, NQ bouncing slightly bullish in a channel in the first 15 minutes. A lot of bearish sentiment from traders on various social platforms today, expecting another flash crash. However, this looks like a good place for the market to bouncing after yesterday’s selloff. Keeping my mind open for anything.

 

COB Recap

Stopped early today, as I took 3 losses back-to-back putting me down more than 2R on the day. Losses led to frustration and nothing good has ever came from trading while frustrated. Can get back at it next week. Still green for the week, so it is what it is.

 

Have a great weekend!

 

3rd strike. Click the image for more details.

 

Comment below with your opinions and questions.

 

Rob

Mv3 Trader

“Trade Consciously”