May 30, 2018 – A Whole Lot of Nothing

Premarket Insight

As of 6 am EST, market not showing anything interesting yet on 35K of volume. Better than last week at least. Economic calendar showing two events today at 8:15 and 8:30 EST.

Currently, NQ testing some resistance at 6967.5. I will just be waiting and watching for a good setup while working on some other business on the side until the bell.

 

At the Bell

Another very slow and dull premarket. Didn’t take any plays, paper trade or live. As expected the calendar events had minimal to no effect on the market.

And the snooze fest continued through the first ten minutes of the market. Guess summer vacation started early or graduation ceremonies and celebrations…

 

COB Recap

One trade for $50! Yaaaay!!! LOL

What a long day of slow nothingness. Didn’t see any good setups until after 11:00 EST which resulted in the profit stated above. On a bright note, the studying and work I did over the weekend helped me avoid what could have been a couple losses today and a lot of unnecessary stress.

See that play below:

Rob

Mv3 Trader

“Trade Consciously”

 

May 29, 2018 – Italy Selloff

Premarket Insight

Yesterday being a holiday, the futures market was open for half the day. There was a little action with a little traffic that could have actually been playable. I just like to not trade on these days, but I have seen from my experience these half-days are actually playable.

Today, before 6 am EST, NQ had major selloff with much more volume than we’ve seen lately. It’s down .61% on 88K of volume. Major activity in premarket turned out to be due to news on Italy.

Did a lot of studying and adjusting this weekend, so I’m super ready. Let’s do this!

 

At the Bell

After big premarket action, open of the market showing typical action as of late with the exception of a lot of volume. NQ basically trading in the range created in the big premarket selloff.

 

COB Recap

Was only able to catch two scalps with the dull market after the bell. However, bright note, the adjustments I made to my strategy over the weekend helped out a lot. Keep in mind, I didn’t change a thing about the core of my strategy. Just made an improvement. Like adding a part to a car to improve the performance.

Not a bad day. 🙂

 

Rob

Mv3 Trader

“Trade Consciously”

 

May 25, 2018 – Simple Math

Premarket Insight

Logging in to my platform, so far, NQ looking to be range bound in the premarket today. We’ll see what happens. Maybe I just paper trade before the bell again today while working on my swing trading strategy.

Two significant things on the calendar today: 8:30 Core Durable Goods Orders report, 9:20 Fed Chair Powell Speaks. Fed news should have good effect on market.

8:30 news had no effect on the market. However, today would have been decent day to trade premarket. Had some good paper trade plays while working on swing strategy in the premarket.

 

At the Bell

Approaching the bell, the Fed news hasn’t had much on market either. The bearish slow grind premarket only came to an end…

And not much else happened. First 10 minutes, more range bouncing between, 6965 and 6942. Price hovering yesterday’s close.

 

COB Recap

Welp, not much at all happened today. Very boring uneventful day. Even the trading room was super quiet. One loss plus two small wins times lack of discipline equals red day. Is it Tuesday yet?…

 

Have a blessed and safe Memorial Day.

 

Rob

Mv3 Trader

“Trade Consciously”