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Market comment
Yday iam not trade becouse volatility was around 25 and today after sell off during Europe session i will be not trade today! I have rule if volatity more then 25, it not my market!! No more, no less!
Same addtional info about Friday:
1. In my trading plan iam wrote what iam not trade, BUT i broke my plan and start trade. That means discipline is not good!! "Plan your trade and trade your plan"!!
2. During this fail day i have loss -850$
3. That day accept my rule)) Don`t rade if volatality more then 22-25. I think 22 is MAX (not 25 like it was before);
Weekly report
Chart info
Description: Progres to slow and main problem it "win ratio" is very poor((
Main step to grow for next month
1. Iam find a bottom of volatility for my trading. This is 8,00.
2. Iam find a top of volatility. This is 22,00.
3. During trading time add "Trading zone" and Level to chart for understand where price now and what i can do in this situation.
4. Update Playbook ratio:
- Pattern (yes/no);
- Correct stop (yes/no);
- Correct plaace base on Level+"Trading zone" (yes/no);
5. If i have same additional rule for day- write this rule in pre market plan;
6. At 16-10 i must understand trade today or not! If not close terminal and do same another job!
Market comment
1. Today is Tuesday and volatility is dangerous high like yday and iam not trade during this volatility.
2. Crazy pre market today. Sell off during him.
3. Iam look this market and iam may be understand how i can trade this type of market. This is direction market with big delta directon. During this type of market trade only "Sell off" and "Strong buy" pattern with PB. Not trade "Sell stop" or "Buy stop" becouse no body wait when market came to his sell limit order and give him collect position. All players too agressive and work with big market order.
Market recap
Market comment
It was crazy volatility day! BUT:
1. Iam find and understand what market during low volatility and high volatility work approximatly same and move from volume to volume.
2. Move my edge volatility back to 25, but with rule:
- If volatility 20-25 trade only "PB to DA" pattern
3. Market show me what i must trade on this type of market! Great!
Main moment
"PB to DA" pattern on volatility market (example):
Description: Two main things:
1. Seat on hands and wait strong delta momentum, delta must be more then 400;
2. Wait PB during 15-40 minutes;
Trading statistic PNL: 260$
Win ratio: 50%
Risk/reward: 3,07
Playbook ratio: 0% (IMPORTANT)
Profit index: 0,4
Description: It was great day for learning, but my trade was lucky! Normaly i can easy have loss;
P.S. Main thing after this trading (testing) day:
1. Don`t trade if volatility more then 25.
2. If volatility 20-25 trade only "PB to DA"
3. Task: Prepare at weekend report comment for ALL volatility period and do same exactly trade rule.
First day of November. Lets go to be better then in October!
Major news, releases
Today after close stock market Apple release his earning report
Pre market plan
Description: Today volatality 23.00 that means trade only "PB to DA" pattern
Sceanrio1: Price came back to yday open price find buyers same like yday and go step by step up
Sceanrio2: After same impulse buyers will be not enogh power and sellers go to close yday gap
Scenario3: Market will be wait good report from AAPL and buyers will be control price.
Yday day comment:
1. It was stupid trading day with loss (-40$)
2. NQ move UP with negative delta
Major news, releases
1.Nonfarm payrools: 250k(193)
2.Unemployment rate: 3,7(3,7)
3. During asia session Trump told positive news about trade deal with China
Pre market plan
Description: On my chart 7100 this is potential resistance. Be careful! And this resistnce can reverse to support if price go higher and hold there
Sceanrio1: Yday i don`t see same buyers plus 7100 this is resistance. Iam wait test once 7100 area and after go down to yday range area;
Scenario2: Buyers will be strong and send price higher over 7100 and hold there;
Post market view Day comment
Trading comment: Iam broke one of the my rule don`t buy if strong negative delta! It`s new rule and it like accept what it rule realy work. Next main thing what trading with "Trading zone" realy easy and can give potential good trade with perfect risk/reward
Market comment: Market may be prepare same new resistance area.
Market view
Description: During this day market accept what 7100 this is realy resistnace and prepre same new rsisnace area for nex step.
Market context
Description: Good and strong work in this direction! Perfect!
Trading statistic PNL: -300$
Win ratio: 38%
Risk/reward: 0,67
Playbook: 13%
Prof index: 0,25
Description: Iam pay to market 300$ for this lesson! Day not bad becouse iam exactly now where i was wrong!
P.S. During Weekly report prepare list with ALL my trading rule!
This is weekly report will be focuse on MAIN trading rule for trade better! Weekly trading statistic PNL: -160$
Win ratio: 44%
Risk/reward: 1,15
Playbook ratio: 10%
Profit index: 0,42
Charts statistic
Description: Last month was difficult becouse before iam not trade on volatility market and now i want learn and grow! Iam understand what volatility market can give very good opportunity BUT with too dangerous moment. And this market can be trade ONLY if you work with right rule and and risk! Iam learn! Iam grow! Perfect! Continue work!
Main trading rule
1. Trade ONLY:
- Level+pattern;
- "Trade zone" edge+ pattern;
2. During first 15 min trade ONLY "Strong sell" or "Strong buy" pattern;
3. If volatility more then 10 wait cross price+VWAP. Don`t trade before reverse side!;
4. If day delta more then +\- 2-3k don`t trade in reverse direction in second part of day (Only if unussual delta or same strong news)
Volatility rule
1. Volatility <8.00
Don`t trade market (he is sleep)
2. Volatility 8.00-15.00
This is normal volatility for my trading with normal rule
3. Volatility 15.00-20.00
Standart rule+ Don`t trade first 30 min
4. Volatility 20.00-25.00
- Don`t trade first 30 min
- Trade only "PB to DA" pattern with strong delta momentum
5. Volatility >25.00
Don`t trade market (he is CRAZY)
P.S. Now iam start in November journal challange. Plaese hit "Thanks" there if you like my jornal and what iam do every day! Link:
1. Tommorow U.S. Midterm Congressional Elections
2. ISM Non-manufacturing PMI
Pre market plan
Description: Tommorow will be important day for US economy and today i must be very careful and trade only strong pattern
Scenario1: Before tommorow i think market will be sideway day today with range 7010-6950. I will be look to short side.
Sceanrio2: Level 6980 will be looks like resistance and there price find strong seller. In this case i will be look at 6960 areafor continue down and close gap from 31/10.
Scenario3: Market find same positive moment and push price higher after open. In this case i will be look how buyers will be hold 7010 area.
P.S. If you are read my public journal please hit "Thanks" in November journal challange!
Link:
Day comment
Trading: It was perfect trading day with good discipline! After this day iam delete Profit index from my daily stat becouse it not correct image of my trading grow! To weekly report iam add new metric PNL/Trades and i want look how iam grow with "Trading zone". I want do my trading low volatility with less trade then was before BUT quality must be better!
Market: Side way day with same strong enough area 6890.
Market view
Description: May be this is day show for strong PB higher after US election. Any way 6890 this price important
Market context
Description: Step by step market show perfect place for enterence! Good!!
Trading statistic PNL: 220$
Win ratio: 100%
Risk/reward: 1,81
Playbook ratio: 100%
Description: Very careful and perfect day! Continue do same! Work from level or "Trading zone"+ pattern like in my MAIN rule!