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Pre market plan
Comment: Based on my market view from "Weekly report". I will be buy today ES and look to CL also.
ES "Test and GO" Buy 2920-2930. LIS Friday Low
CL "Test and GO" Buy 45,20-45,30 LIS 45,00
Market recap
Daily comment: My idea `s was very good! ES and CL go higher! But without me. I see good buyers momentum in ES, but price move too fast and I don`t has chance to take a trade. In CL next picture:
Description: I`m wait false breakout this range area and take LONG trade around 45,50-55. But price go higher without re-test. No problem, tomorrow will be new day with new idea`s.
Trading result:
NO trades!
Can you help answer these questions from other members on NexusFi?
Pre market time
GC: "Sh. Close VWAP" Sell around 1606. LIS O/N high.
NG: "GAP and GO" Buy around 1770. LIS 1755
Market recap
Daily comment: That was good day, but with two errors. First: I try to short during pre market time CL! But I don`t have idea to do it! This is WRONG! Second: Trade in NG has excellent enter position! I see what buyers have strong power, BUT I don`t wait my profit and close too early! This is also wrong! I must work with my profit area too.
Pre market time
Comment: Yday was interest day and today I have two main idea (6E, NG). Also have idea to find short in ES. But I don`t have time to do it.
NG: "Test and GO" Buy 1770-1785
6E: "Lg. Close VWAP" Buy around 1,11250
Market recap
Daily comment: All my idea`s work good! I trade 6E. I take good enter by OrderFlow with good stop, but price hit my stop and go up. Also one thing! Before I never trade GC during FOMC days. And after trades today I think I must do it same with 6E.
Weekly report
Comment: That was next huge volatility week. At Thursday and Friday, I`don`t has trade! This not my market! But I`m understand next things:
- I must build one strategy for volatility market and prepare for it few rules.
- I must work with profit target area and my profit. Perfect example was with NG on this week. I take perfect trade, but close too early (I take 120$, but can take my profit 400$). This is important!
My idea`s what I can do better
I`m does not trade last week and may be next week, because volatility too high (VIX on 2008-2009 level`s). I do another job, and during this time I think what I do wrong and what I can do better.
What I do well:
1. I`m build my plan each day and trade it plan! That is perfect! That was difficult job.
2. I`m build good scenario`s for enter position!
3. I`m work about different strategy with different rules! I`m understand, how I must build my strategy.
4. I`m understand what RM and MM does not work without good preparation during pre-market time and good plan for the day.
What I can do better:
1. Pre-market time! This is not so good, time to time!
2. I must work about my EXIT strategy! That is missing part in my trading! I`m always exit early then I must!
For this time, this is two things more than enough! I must work about this questions!
