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Pre market time:
Comment: Friday was sell off time for Index`s and other risk on instrument. СL was in sell off mode and Index was in "Strong sell" pattern. Today I`m wait continue move down after same PB.
Trade idea:
YM/NQ: "GAP and GO" short. YM sell area: 28680; 28800 NQ sell area: 9040(50);91000. LIS area Friday low.
Can you help answer these questions from other members on NexusFi?
Pre market plan:
Comment: Yday was good "sell-off" day for GC and good "strong buy day" for CL.
GC: "Close VWAP" Sell around 1572 area or 1574. LIS 1574
CL: "Test and GO" Buy around 53,70 or 53,50
Market recap
Daily comment: I`m today too fast! I`m take good GC trade + try take CL, but see what situation in CL was 50/50. Also today FOMC + EIA in CL.
Pre market plan
Comment: Crude Oil is wide! Yday was "sell off day" for CL and today it main idea to short. Also index`s under pressure and like always after FOMC price go lower.
CL: "GAP and GO" Sell area around 52,60 or 52,80. LiS price it yday close.
YM: "GAP and GO". Sell area around 28600 and 28680.
Market recap
Daily comment: Perfect day with perfect lesson! Trade your plan and plan your trade. I seat on the hand 1 hour and wait-wait PB on CL to my sell area. Excellent. I must work same EVERY DAY! About YM was perfect momentum on 28670 to sell, BUT I don`t take this trade. Plan your trade and trade your plan
Example:
Pre market plan
Comment: Yday during evening session after WHO declares, CL and Index go up. That is very interest and in really that not enough for support market more then few hours. Also during O/N session market have strong sell-off scenario on all market. Today I`m wait move continue down.
CL: "Test and GO". Sell area 52,60 and 52,80
YM: "Test and GO". Sell area 28760 and 28840
Market recap
Daily comment: That was perfect, next sell off day. But without me. Because I trade only PB !! That right, this my strategy and this is my rules!
Pre market plan
Comment: Friday was strong sell off day on Index`s and Crude Oil. During this weekend no any positive news from China about this virus and situation. Today I wait next red day or red first part of day.
GC: "Lg. Close VWAP". Buy 1580-1581. LIS 1580.
YM: "Test and GO". Sell 28400-28420, 28450. LIS 28450
UPDATE:
NG: "GAP and GO". Buy 1,845-1,850. LIS 1,840
Market recap
Daily comment: That was good lesson day! My idea `s was completely wrong! At it happen very often at Monday.
Two lesson from today:
1. Prepare same careful plan for Monday, because I can be on wrong side with market.
2. During PMI and other important market data better side this is Out of market.
3. For "GAP and GO" and "Test and GO" I have same additional rules!
My main task: Found instrument which have strong positive or negative momentum.
Comment: For understand it I use previous day like indicator with Daily pattern. During this time I see how price go UP with good support, BUT at the end of day delta negative or very strong positive. I look it and test it. And now I`m add additional rule for "Strong sell/buy" day.
Rule: For this day delta must be average!!
Example:
Description: If price go UP delta must be also positive (not negative like it was today in NG: Friday was looks day with support BUT delta of this day was negative), BUT it must be avarage delta! If delta is too high that also not good.
Pre market plan
Comment: Yday was good buy back day and today very very strong O/N session in Risk ON mode. I`m yday don`t understand market and has loss, it situation not first time at Monday. I must be careful with my Monday
Trade idea:
GC: "GAP and GO" Sell 1573-1574.
Market recap
Daily comment: That was strong Risk-off day. Gold fail down too strong. But without me. Price go down without me. I`m trade only PB! No problem, wait next day!
Pre market plan:
Comment: Few days I don`t trade, because don`t have strong idea.
Trade idea:
CL: "Test and GO". Buy 50,90-51,00. LIS 50,75
NG: "Test and GO" Buy 1,840-1,850 LIS 1,840
Market recap:
Daily comment: Crude Oil was perfect. But don`t give me chance to take a trade! Also I try to trade today NG, BUT I`m forgot what today "Gas storage data"! Wrong! I must better prepare during Pre market time. I don`t trade during when data release.
Trading result:
During when I don`t see same good and strong idea to trade I think how I can do better my trading journal. I`m completely change conception of my dashboard! After I do this I see my main 3 mistake!
My 3 main mistake:
1. My Win Ratio not good! I think this is mistake base not on one my erorr This complex of errors like Monday, trade Index`s, my Pre market plan Scenario with buy sell area! I must work with it step by step.
1. Monday: Often I try to trade idea based on previous week. That stat show me what this is wrong idea and must change my conception for trades in Monday!
2. Index`s and NQ! Before I start trade strategy I trade NQ every day with same scenario. But I`m hold position not more then 5 min. Now I change my conception of trading and now I think NQ for me not good! Now I will be trade ES instead NQ. I must be careful with it.
Also I`m prepare good dashboard for weekly and monthly report of my trading! Now I start do it every weekend.
Pre market plan
Comment: Yday I can`t take a trade in CL today day №2 when I will be try take Long in CL.
CL: "GAP and GO" Long 51,65-51,85. LIS 51,65
Additional idea:
ES: "Lg. Close VWAP" Buy around 3375. LIS 3375
Market recap
Daily comment: Perfect long momentum take in CL, but close too early((. About ES was situation 50/50. Order Flow was strong sell, I`m cancel my idea to buy.
