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Good morning everyone. Quick scan of NQ,CL and 6E shows no real opportunity yet. CL may be setting up to go long. Still too early to tell or to place a pending order.
NQ has been in a nice up trend since about 9 pm last night. Slow steady move up. No real signs of reversing or giving a good place to join the trend. 2000 tick chart
CL seems to be wandering. No real direction. Maybe US session will point it in one direction or another. 2000 tick chart
6E saw a huge spike after Trump decided to voice his opinion about the US interest rates. No real direction after that. Very early morning trading could have yielded a decent long but that seems to be dwindling down as well. 5 minute chart.
Markets were a bit sluggish so I dropped down from 2000 tick to 500 tick and found a nice counter trend trade after the markets settled down from the open. Should have watched it closer as I could have gotten a much better entry. Felt some pain for about 30 minutes while price decided whether or not it agreed with my choice to go short. Worked out well.
Still looking for some additional trade opportunities but happy with my trading so far today. Getting close with step one of the combine. Still a little work to do and not rushing it is the key to hitting the target.
Checking the charts to see what happened during the overnight session.
NQ, quiet. No real direction. Hope US session gets it moving. Edit: Well now that I am posting this, NQ decides to make a move. LOL!
CL, really smooth trend to the upside. Good entry would have been around 230 or so this morning. And, if managed properly would still be in it. Still just monitoring CL. Curious but not brave enough yet. LOL!
6E, a bit choppy but a strong move up just a little while ago. Would have been an easy catch with the swing high happening just under the 200 ema (yellow line). Trade would have also been in the direction of the intermediate trend (60 ema above 200 ema).
Time to get ready for the US session in a few hours. Now, where did I put that crystal ball??
Trade plan: Trade 6E, and NQ until near the open of US session. Then focus just on NQ for the rest of the day.