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Pre market plan
GC: "Lg. Close VWAP" LIS price 1500.
Market recap
Comment: Next lesson day!
I made three errors today:
1. I`m try to trade "Long Close VWAP" under Friday Low! Wrong! My rule about it: Take Log if price in the yday range area, between yday Low and High". Yday Low must be LIS area!
2. Don`t trade GC during FOMC week.
3. Don`t check News before trade
Market and Trading comment
After yday FOMC day I don`t want trade. Also I`m check my trading statistic during FOMC week, uhh this is very bad week always!! From this day FOMC week for me this is holiday week))
Today and tomorrow I don`t will be trade, ONLY look.
Also next my grow skills in trading must be look on "yday daily secenario", which scenario can give more and better chance for use any of my strategy`s.
Example:
Pre market plan
GC: "Close VWAP" strategy. I will be work with my two scenario and wait good moment to short by Footprint.
Market recap
Daily comment: My idea was done for GC, but without me. That is not problem, because I don`t see good place for enter with good place for stop.
Pre market plan
Comment: Today I will be test and try to trade my new strategy "Close GAP" (temporary name).
GC: "Close GAP". Try to take Long position, after sellers culmination. LIS it O/N low.
Market recap
Daily comment: That was a good day! BUT I must be more careful and think about where better place for stop. My first trade was good example, I`m buy and after understand what that is wrong place for stop and exit from trade and that was correct idea. Because price after that go to place where was my stop. Also today Footprint help me very good with my next trades. About "Close GAP" strategy: I think that is very good strategy, I will be continue test this strategy.
Market view
Comment: Today I don`t trade, because don`t have good idea. BUT for me in the focus today it Crude Oil. Very interest picture on my chart.
Description:
(1) At Thursday we have very good buyers day in step by step mode.
(2) At Friday after EU session, buyers was active and strong buy.
(3) Today for me will be interest: If buyers continue buy and today price close above open price or near, for me it will be buy signal for next few days!
Pre market plan
Comment: Crude Oil looks very good to go higher! But at this moment condition not good for any of my strategy`s.
NO STRONG IDEA FOR TODAY
Market recap
Daily comment: This good day with good lesson! Does not meter what I think (I can think wrong). I must think how market situation can be use in my strategy`s. Today I`m try to trade CL with 1 lot on Real time trading mode! Wrong! I must trade only my strategy`s!
Pre market plan
Comment: During earnings period I`m don`trade Index`s. That means I have only two instrument at this moment CL and GC. That is not enough for testing my strategy`s and I`m add Natural Gas for trading and I will be look how my strategy work for him.
NG: "GAP and GO" Short from 2,610-2,620. LIS yday close.
Market recap
Daily comment: NG not good for day trading. Average daily ATR around 30 ticks. That is instrument not for my trading style.
Pre market plan
Comment: Yday was strong buy day on ZN (10-years note), that means for me market move to safe area after earning session on US market. Today I will be look GC for continue move higher. That also test of my trading strategy. Also from next monday I`m start trade Index`s (NQ and YM).
GC: "NONE NAME" strategy. Buy around 1464 and LIS O/N low.
Market recap
Daily comment: That was test day with trade idea base on ZN. At this moment I don`t know how market will be until end of day. But I`m made one good trade.
Important part: Time to time I`m wrote about wrong enter, because my enter must be base on place for stop! Today was perfect example. I`m understand where will be my stop and enter. Good!
