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MNQ is Gapping up at the start of the Week back into a Power trend and here is what to mention:
* The Q3 2025 earnings season is in full swing;
* The Federal Reserve is widely expected to announce another 25-basis-point interest rate cut at its upcoming meeting on October 29th;
* Rumors on Easing U.S.-China Trade Tensions.
However Technically speaking the sharp rally that began around October 23rd looks like a measured move of the 17-20 October move and the question here how much fuel has the market to move.
I see a lot of shakeouts intraday that will be the a buyable opportunities if I will be able to handle them.
I want to wrap up my today fiasco. I blew up again.
I'm not in the right state of mind and I only inclined to harm myself in the matter of trading.
I can't stop, either I am on green like today +$1K or -$1K even thought I told my self that I should stop a few times.
I put a lot of pressure on myself in order to succeed as soon as possible and that is also a huge factor.
Need to give time needed and stay focused, disciplined and to build from small
repeated successes...
I get the market right from technical standpoint, and understand that I don't even need to be right 100% of the time, but just trade the odds and respect the risk.
I will add a few points to my first post and develop an entire Plan for trading and posting in the Thread.
MNQ is kinda building a Cup pattern or an overbought double top on 5-15'TF will look for more information.
MGC clearly oversold short-term and I think it's poised for a bounce intraday. Looks like an Adam &Eve pattern in formation on 5-15' TF.
Will watch how the price unfolds around the Open.
I drew my levels on higher TF's and now waiting for a setup.
Locked in the +$431. Want to breakdown today's session:
1) I scrolled through my Futures watchlist and put all key level for today on the charts
2) I was set to follow my sizing rule and just traded 2 contracts, 1 for a quick move and 1 for a possible swing
3) felt like I was more focused to observe the price action, even if I wasn't the most selective today;
4) I didn't trade too much, I stopped out at 5 trades. My goal is to execute 2-3 trades a day and for that I need to figure out what are my Playbook trades.
I feel good when I have a sense of control over my mind. I fell like I'm a successful Trader when doing so.
Where I hesitate and think was the easiest $1000 is MGC Adam &EVE pattern. MGC apparently failed to hold an break higher in the first 15 minutes of the Session but after the shakeout on 3'rd bar it turned up right from MA's and broke higher. An amazing trade to hold until the middle of the day where it violated the Moving Average.
What I did wrong is was to short MGC at the second entry. A reversal to the downside must occur in one of two ways:
-a parabolic run and can be executed on bar by bar method;
- either a break of trend-line first, then some kind of double-top or retest and a a confirmation lower/higher in the new direction.
I want also to pay attention to MNQ that generated an amazing clean and powerful move after 10:50 BO.
Nice win and solid process breakdown. That habit of mapping key levels before the session starts is exactly what separates consistent traders from the rest.
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