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Today I don`t have any strong idea. Last week was slow motion style trading ( only 2 trades). I`m don`t wrote weekly report because no material for it. Idea how I can be better:
Based on my stat Monday it worst day in my trading stat! That means I`m very often wrong with side. Because my plan based on last Friday (week) and now I want understand how I can be better in start of week (today also like Monday). I made price stat for Monday and how ES follow for traders form Europe.
Result:
Description: I have four scenario for US session, for me was interest traders look what was during O/N session and how they work with this data! Ehh this is picture completely random. For US traders does not meter completely what was during O/N session - this result of my price stat!
Can you help answer these questions from other members on NexusFi?
Pre market plan
CL: "GAP and GO" Buy 52,60 - 52,70. LIS 52,45
Market recap:
Daily comment: That was good day! I look for CL and found good place for buy orders! BUT that was second day when I take good enter position, but close too early. I have stop area and profit area for each my strategy! For gap and GO it "Open US session price". I must follow also this rules too!!
Pre market plan
GC: "Sh Close VWAP" Sell 1620-1621. LIS 1621
ES: "Lg Close VWAP" Buy 3375- 3378. LIS O/N low.
Market recap
Daily comment: That was lucky day! Because my idea about GC was completely wrong! My daily idea must be base on strong Daily pattern! Gold now have strong buyers position! Wrong! About ES idea was done. But without me. I made one trade on GC and fast close because understand it can be wrong!
Monday Pre market time
Comment: Market open with huge gap down. This is gap base on virus info from different point of world. I don`t like this type of open at Monday! I see too much times when US trade show reverse direction. I don`t trade today, only look!
Weekly report
Weekly report:
This week was good and I work in my low volatility temp! But I see two errors where I can be better:
1. I try take two trades on GC, that was Short trades! This is wrong! I must trade ONLY strong idea! GC completely under buyers control. Short trades this is stupid trades! I was lucky close this trades too fast with small profit! But in future it can be correct lose! Don`t play with it!
2. In CL I take perfect trades! But my profit area was wrong! All my trades can give me my correct profit. I take good enter position, BUT wrong exit! I must work about this question too!
Pre market time
Comment: Yday US traders accept this down gap and continue sell. For me that means market start correction period after earnings season.
Trade ideas:
ES/YM: "Test and GO". ES sell 3250-3260.
CL: "Test and GO" Sell 51,80-52,00.
Market recap
Daily comment: Ideas was very good. But market don`t give good enter. I try to jump to CL with one lot, I get what I must get) Lose) I`m understand , what it was too risky and insert small stop.
Trading result:
Pre market time
Comment: Yday was good sell off day on CL and Index`s. Today I will be bet on Index`s continue lower.
Trade idea:
6E "Close VWAP". Buy 108790- 108800.
About Index`s idea will be later.
ES: Two scenario:
1. "Close VWAP" Sell 3150-3160 LIS 3160
2. "PB to Average" Sell 3180-3190. LIS 3190
Market recap
Daily comment: That was interest and little bit volatility trading day. My idea about 6E and ES works perfect! BUT! Wow I don`t know before what ES is too expensive. 3$=300$ (on 2 contract). I`m finish my day on green area, last trades on ES was perfect, I can hold position much more time, but I`m reverse my account from red to green and close position! This is right way!
Trading result:
Pre market plan
Comment: Uhhh market completely in Risk-off mode during O/N session! Crude Oil fail down without PB.
Trade idea:
CL: "GAP and GO" Sell 47,30-47,50
ES: ""GAP and GO" Sell 3090-3100
About yday:
Yday was no trade! Because no PB to my sell area. Market show PB only in second part of day, it for me always 50/50 situation. Also this PB was after strong sell momentum. This is not my game.
Pre market plan:
Comment: Yday was strong sell day on all market. Important thing for what after strong PB to new day high, market find sellers and they show new low on ES and send back to low area in CL.
CL "GAP and GO" Sell 45,80 -46,00. LIS Yday close.
ES "GAP and GO" Sell 2940-2950. LIS O/N high.
Also interest Euro to buy, but yday was strong divergence price/delta. I don`t like it.
This is next my weekly report with my trades and ideas.
Description: That was extreme volatility week! That is not my market! I don`t like this movement. I trade ONLY pull back! One of important what was in this week it trade in ES. First my trade I take 2 lots with stop 3$, wow I don`t think before what ES is so expensive. No any interest moment during this week! I must trade my strategy and my trading style! No more no less.
Market view idea:
Description: Friday low this is very important low for the market at this moment. Because market show 50% pull back from high. This is name for this situation "Half back". I think this is end of strong volatility period and now we will be in range area. If price continue go down and show resistance area under Friday Low that signal for me what market move to correction with temporary down trend.
