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Pre market plan
Description: Yday NQ was weak then other index`s. US-China trade deal problem is not over. I`m bet on short BUT with LIS 7440 area for short.
Scenario1: Price after open will be in same range and after go down and test once more 7360 area.
Scenario1.2: Same like scenario1 BUT price go continue down, don`t find buyers around 7360 area.
Scenario 2: Price jump up after open and then buyers will be hold price above yday high. Look to session VWAP and 7440 area.
Market recap Daily comment
Market: Buyers was positive and hold gap and give good opportunity for trade from 7440 area.
Developing process: Perfect day for grow! OrderFlow+Trade Zone+ VWAP can give powerful informartion about market condition. More info in "Market context"
Market view
Description: I think buyers wait info about US-China deal. Now market on sell side.
Market context
Description: Powerful day for grow and learn! Perfect!
Trading result
Description: IMPORTANT! Always do "FHCL" and follow RM and MM rule!!
Can you help answer these questions from other members on NexusFi?
Pre market plan
Description: Market under pressure, BUT i think this is normal step by step go down for find buyers and today big gap day without any strong news catalyst that means for me NQ can came back to 7360-7440 area.
Scenario1: Short scenario if price find strong seller around 7360 area and go step by step down.
Scenario2: Long scenario and price came back to price range above 7360 area.
Market recap Daily comment
Market: Tested new low and market not ready sell more
Developing process: Today I was lucky, I have small loss (-95), but potential can has much much more! Wrong day with MY rule! Never broke RM, MM and trade your plan!
Market view
Description: May be this is "New low and GO". Important price 7320. Must be like support
Market context
Idea: If ALL index`s open strong above/bellow daily VWAP. Wait same of them PB to VWAP area if on market don`t have same strong US news.
Trading result
Description: Dangerous day! Never do it again!
Pre market plan
Description: Yday I see on OrderFlow what market ready to buy and today I will be prior on LONG side, LIS area for it 7320.
Scenario1: Sellers try to continue push price lower and close this is daily gap, but 7320 find buyers
Scenario2: Buyers will be hold daily gap and continue go higher, look what will be around 7360 area.
Scenario3: Sellers to strong and continue sell and will be hold 7320 area
Main wrong moment in my trading
1. Too much stupid and wrong trades!
2. My win ratio is very very bad!
What I can do for be better
1. Work under market reading process
2. Next week focus on rules and trading process!
3. Test story about don`t buy under daily+session VWAP
Example:
Description:
1. After first two trade i has +300$;
2. I`am start buy around 7340 this is wrong. I must wait good buyers reaction. What I see at this moment on OrderFlow that was not enough.
3. My Trading Zone+OrderFlow+ VWAP this is good model for reading market process. Do it well!
Trading result
Description: Too mach stupid trade! Wrong!
Pre market plan
Description: At Friday NQ was weak then other market and today for LONG/SHORT scenario I have 7320 LIS price.
Scenario1: Sellers try to continue push price lower, BUT like during pre market time price find buyers around 7320
Scenario2: Sell,sell,sell. In this case 7320 must be like resistance area for continue lower.
Scenario2.2: 7300 can be S/R area. For buying wait good and strong buyers.
Market recap Daily comment
Market: NQ was much better then other market, but ES and YM was in sell off mode in second part of day
Developing process: I`am work under my rule and trading stratagy and that was goood day. BUT I`am broke "FHCL" and RM,MM!! Wrong! Wait best moment for deal.
Market view
Description: Market move in sideway direction four days.
Market recap
Description: Futures buyers try to take control, but stocks,etf sellers was stronger.
Trading result
Description: Not bad day for learning! But don`t broke RM,MM rule and don`t forget about FHCL.
Pre market plan
Description: Yday NQ was much better and today will be second positive scenario. But LIS area for it 7230.
Scenario1: Price once more test 7230 and puch up or after market jump up. In this case I will be look 7230 and 7250 area.
Scenario 2: Short scenario if price find sellers around daily VWAP or 7250 area.
Market recap Daily comment
Market: Very very classical "Gap and GO" day.
Developing process: I`am take a pause on few day and only look! Becouse I`m completly understand what happen on market BUT do same stupid trade! During this day I will be focus on market reading process.
Market view
Description: This is global view on NQ and may be now market can find same support from strong power volume area. 7250 key price for it.
Trading recap
Description: I must work much much better under this qestion! Here (1) and (2) perfect example when understang who main on the market! Work only when you are completly understand what situation on the market.
Info
Like I told before I`m take pause on few days with trading and focus on real/post time market view. Becouse I have good view and understand what situation now on the market BUT do stupid trade and don`t wait clear moment for it!
Market recap Daily comment
Market: Like on fear market all positive gap will be close. But today around 7220 was came same good and strong buyers.
Developing process: Focus on main moment, when I completly understand what situation on market!
Market view
Description: Market can`t close completly gap. This is weak market.
Market context
Description:
1. Time on market. After when price close gap market came back faster then go down
2. Around 7220 we can see two reverse buying point. Market try to find bottom.
Intro
This is weekly report don`t will be like standart weekly report, this is post about what I can do for be better and what I must change or update in my trading skill.
Trading idea
After few days when I don`t trade and only look I`m understand what I have two type of days:
- Day when I clear understand my real trading plan and do him;
- I don`t have clear plan and ONLY has "pre market plan" with same price level.
I repeat too much trading days and understand what pre market plan must have strong and good MAIN IDEA. If my main idea is work this is good and I have positive PNL. If I don`t have idea, STOP and ONLY watch.
Main idea concept
1. Idea must contain direction and level (Trading Zone);
2. Main idea this is trading stratagy like "Gap and GO", "Close VWAP gap" and etc.
3. Main idea must be focus on market view.
Example:
Monday:
Idea:
- Close daily gap;
- Level 7100;
OR
Friday:
Idea:
- Close VWAP red gap on NQ
- Level: O/N Low;
That means when in my head clear situation I mast trade it. If I don`t understand and ONLY have same price this is WRONG and this is not work in my case! I must trade one or two idea MAX!
Update idea about plan
During watching today session. I`m understand what my main idea can`t work full day and today was good example with idea "Buy NQ around 7100 for close gap". During First hour open market I see what YM move much better then other index`s and I`m generate idea about "Buy YM on PB to 24840". That means I must have strong and clear Main idea for First hour and after FHCL I can update my plan! )
Main idea
Like I told before, now I will be trade two idea: First hour idea+Daily idea
Pre market plan
Today I don`t have trade idea on First hour and will be look and wait for my two Daily idea. Key price 7510 for Long scenario and may be possible "GAP and GO" day.
After 3 weeks what I don`t trade, I`m ready came back with few idea how my trading can be better.
Main trading idea:
1. Like I wrote before now I must have two idea on day this is idea`s can be same or different (Most main First hour idea it "Close VWAP gap" on idex`s or Crude Oil).
2. Summer this is low volatility period BUT what i see during long time:
Description: Low volatility scenario can work if volatility less then 10.
Description: During low volatility period price try to find avarage price of day. Only on O/N Low and High area can be same good volatility. Focus on this area and test it.
