Aug 10, 2018 – Channel Red

Premarket Insight

Typical Friday, things got going strong early in the Asian market hours, bears all over my watchlist (Futures NQ, CL, GC, and 6E). Doing my volume check around 07:00 EST volume is the strongest it has been all week.

Nothing significant on the calendar today, but with headlines about Turkish economy and Fed inflation with this strong volume there should be some significant volatility in the market today. Regardless, my focus today is to be aggressive with discipline and consistency.

 

At the Bell

Leading up to the bell, NQ bounced sideways in a decent tradable channel. CL brought out the bulls strong, doubling the bearish move from the Asian hours.

QQQ gapping down (of course) to open the market. Yesterday, in RLT’s afternoon swing room, there was a prediction of bulls today if QQQ gapped down. Let’s see how it turns out. In the first 5 minutes the bulls came right in.

 

COB Recap

Simply got slaughtered while NQ bounced in a channel. Was consistent and disciplined with my NQ trades but today was just not a good day for my strategy. Hit my third strike right at lunch so no more trading for me today.

Got a good one on CL but after the frustrating loss on my first play over-managed what would have been a successful target hit. Instead, just took 2 scalps that did very little for my P/L today.

Beyond frustrated with the market and myself!

 

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”

 

Aug 9, 2018 – At the Buzzer!

Premarket Insight

Looking at my charts for the first time today at 08:00 EST, noticing volume overall is better than yesterday. There was some pretty good action in the Asian market hours basically thanks to more “trade war” sentiment according to investing.com, but not much going on since. As of now, NQ volume looking a bit low leading up to initial jobless claims and PPI reports.

On the calendar today, Core PPI at 08:30 EST, as mentioned above.

 

At the Bell

Not much at all happened in the premarket. Today, my focus is to trade my strategy confidently with discipline, which should be the norm for me by now, but it is what it is.

Another day of extreme choppiness in the first few minutes of the market that got me, even though I traded my strategy to plan, so no stress. Just be ready for the next opportunity. It’s part of the job.

 

 

COB Recap

A rough and crazy morning getting mostly scalps just to get back flat after taking that early loss. Ended up taking one last “for the win” shot at NQ, but didn’t work out, putting me in the red for the day.

Got a couple baby wins on CL so that helps ease the pain. Even did a little overtime trading through the lunch hour, but still there was no energy in the markets. Tomorrow it is!

 

Missed the buzzer beater. LOL 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”

 

Aug, 7 2018 – Instant Replay

Premarket Insight

Getting to my desk somewhat late today (already 09:00 EST…). Markets climbed a bit in the Asian market hours, but pretty much flat ever since reaching that max.

Putting CL back on the playlist today since my rule breaking debt has been paid. Lucky I didn’t miss a super huge move yesterday.

On the calendar today, JOLTs Job Openings at 10:00 EST.

 

At the Bell

Both NQ and CL got off to a very strong start in the first 5 minutes, of course the time I cannot trade based off my rule. But it’s still early so I’m sure there will be plenty of more opportunities to come. Have to stay relaxed and patient like yesterday.

 

 

COB Recap

Almost 100% identical to yesterday, market was super choppy and consolidation in the first two hours. Right when things started taking off in my favor got filled on an NQ play, but I guess because of the way I had the orders set up to get filled either way it went, my platform got confused and cancelled my stop for the one I got filled in. Too me a while to get myself together and manage it manually using the flatten feature to make sure I got out of the trade properly.

Then I forgot to reset my trade menu back to the strategy and ended up getting back into another trade without a stop or target. Again, manually exited that trade before deciding to at a minimum take a break so I’m not trading in my emotions. Maybe I will be done for the day since it’s almost my normal stop time but on days like these we usually see good movement during lunch or in the afternoon.

I was down a lot but those 2 scalps and finally catching a win on CL patched up my wounds a little. These last couple of days have been just horrible. I didn’t trade perfectly today but overall, I’m pleased with my performance compared to last Friday.

 

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”