Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Yestarday was not good trading day for me.
Main thing: I don`t belive what market show me!
Pre market plan
Description: ALL my idea based on previus resistance around 6950.
Scenario1(L): Broke resistance area and hold under 6950.
Scenario2(S): Test this area and like tuesday i will see same "Sell off" pattern.
Scenario3: Sideway day around 6950.
Day mission: One good trade
Post market view
It was "V-US day" pattern, first half day market was going down on cancel summit Tramp with NK. Second part was PB to open session price.
Pre market idea:
It completly done scenario 2 short from 6950 to 6900. Nice
Description: Day pattern "V-US" it very good pattern for continue move up. Also pWAP was suuport it also good for Long next day.
Trading statistic PNL: 267$ Win rate: 100%
Risk reward:0,78
Total trades: 3
Play book trades: 2
Description: Day of scalping
First trade was good enterence becouse i see strong limit seller on price 6935. But exit not good. In my head im wait PB to VWAP(
Second trade was also good enterence, BUT after my enterence i see 500 contract on buy side and exit from deal. May be it was right idea.
Third trade was based on test this area where was more then 500 contracts and it was right place for stop and enterence. Exit was not good!
Day mission: Fail
P.S. But all my enterence give me "One good trade"))
Yesterday was very good for trading and buyers accept what they have same interest for continue buying.
My pre market plan for today:
Description: Based on yesterday "V-US" pattern im priorty on buyers side.
Scenario1: With out any PB to yesterday VWAP price go UP. Im look same support area around 6950 or little higher then today VWAP.
Scenario2: PB to VPOC week around 6920 and after strong strong buy. Look strong positive delta in W_VPOC area.
Scenario3: Price from opening go up and don`t find same support go to down. Not priority scenario, but this is market)
It was very weak day. Price do one impulse UP and after volume is gone and price walk
Pre market result:
- After "V-US" day im wait more stronger day then we have.
Desription: Side way day under main week area 6950. Wait continue move higher
Additional interest moment:
Continue look together with ES. And it give me more clear info about NQ and in which condition they stay now. Here one thing what i see at friday and give me additional info.
Description: One of the example when NQ stronger then ES.
Trading statistic PNL: 476$
Win ratio:100%
Risk/reward: 1,40
Total trades:3
Play book trades:2
Description. I see what NQ stronger then ES! And im read what market tell me! It was good day in cooperation with market))
First two trades more based on VWAP broke. First trade was dangerous! Second trade was OK!
Last trade was also good.
Day mission: DONE!!
P.S. It was very good when i understand what market do and what market can be do. Great! Do same in future!
Total week trading statistic PNL: 567$
Avg. win ratio: 62%
Avg. risk/reward: 1,09
Avg. day trades: 3,06
Positive moment:
- Clear situation with trades on opening. Trade only "sell off" and "buy all";
- Start look correlation with ES. And understand in which condition now NQ.
- More trades from my Playbook then in last week;
- Step by step do right journal on FIO))
Negative moment:
- Time to time don`t wait accept "sell stop"/"buy stop" pattern;
- Main problem with exit! Look Risk/reward and wait !
- Time to time jump to same deal with out any pattern!!!
Weekly market view
First i want look what market do in condition with previus week:
Description: It looks like side way move BUT with slow-slow up potential.
If look on delta it looks like sideway week not ended and in next time we can see same summer side way days.
One bad thing on this week was in monday and tuesday market open with good gap BUT buyers was not ready continue buy and go down for close gap.
Month profile:
Description: One important things what at this week we tested my support area with low volume month area. Test was ended good and it also show what market can go up continue!
Summery: Wait reaction on 6950 at monday. May be side way days around 6900-6950. BUT buyers must control 6900.
Next week- next GOAL)
Main thing for next week it Playbooks trading! Quantity does not mean quality
Major news, releases
1. In EU zone same political crisis. Last week was in Spain and now same problem in Italy. Not too much postive for power buy start
2. Economic releases today: CB Consumer Confidence 17:00 (exp. 128,2)
Pre market idea
I like start week with postive scenario for positive things) This week too much economic releases and today im not wait same volatility day
Description: Im prepare my scenario based on VPOC month it around 6900.
Scenario1: Price don`t show PB to 6900 area and slow-slow go UP. Price must hold under 6950 for continue go UP
Scenario2: On opening we look same slow PB to 6900 and in this area we must see strong buyers signal for reverse price to UP.
Scenario3: Price testing 6900 area and no find same buyers and continue go down slowly
Day mission: ALL trades from Playbook
Post market view
It was normal day for money BUT not good day for week of PlayBook! Only two trades was correct
Pre market plan:
- Main idea about scenario2 was right! And 6900 looks like buyers take a control on this price
Main facts
Description:
1. NQ was stronger then ES
2. Buyers control 6900
Description:
-First two trade based on price support. But delta was very poor. Not good trades. Wait your pattern
-Next two trades was OK! BUT second trade was may be very early. In another way i see how ES fatal go down and NQ stay strong. Any way it was good place.
- Last trade was OK with re test this support area.
Major news, releases
1. ADP Nonfarm (178k) - worse then expacted
2. GDP (Q/Q) (2.2%) - worse then expacted
Same political problem and poor economic data can possble drive market lower today
Pre market idea
Description: Main my two idea based on yesterday strong day on NQ. BUT very careful with delta signal and look what market show!!
Scenario1: Look PB to 6950 area and price may be don`t push UP faster, im wait same accamulation and hold under 6950.
Scenario2: Price go slow-slow down to low today area and yesterday VPOC area. And find strong buyers
Scenario3: Base on poor economic releases and price fall down with same strong resistance signal with limit order on big delta.
Day mission: ALL trades PlayBook!!
Post market view
RED DAY. STUPID RED DAY
Pre market plan:
- It was completly done. Price hold under 6950 and after go little bit higher. DONE
Main facts
Description:
1. NQ was much slower then other market (ES,YM, RTY)
2. Buyers control price 6950 but can`t do break two weeks high around 7000.
Description: It was few moment when i do few mistakes:
1. Im try to sell on STRONG market. All other index was realy strong (Im add for test watch list with other index for underastand where NQ today globaly)
2. Was no any PlayBook patterns (IT MAIN PROBLEM!! SIT ON HAND AND WAIT!!)
On next trading days and weeks i will be more concentrate on PlayBook pattern and try to trade only him!
Yesterday was not trading day and today im comeback for One Good Trade
Main thing wait-wait my PlayBook pattern!
Major news,relases
1. Nonfarm payrolls: 223k(189k)
2. Unemployment Rate: 3,8%(3,9)
3. ISM Manufacturing PMI: exp. 58,2
Pre market idea
Description: Based on each day positive delta and yesterday VWAP was support and today strong economic data im wait good signal to long.
Scenario1: Without any PB or small PB to today VWAP. And after broke yesterday high and go go UP
Scenario2. Slow-slow go down to yesterday close and low area find same buyers and go UP
Short scenario ONLY if price will be hold above yesterday low.
Description: Im wait PB to ON_High or VWAP but price test yesterday high and go UP very fast with out any chance to enterence for me.
It was very strong day with gap and during US session was no re-test to VWAP area.
Description: I do two trades and anderstand what my idea trade PB not good and after i stop and wait only one scenario it trade from VWAP or ON_High in other way im out of market
Total weekly trading statistic PNL: (-128$)
Avg. win ratio: 42%
Avg. risk/reward: 0,76
Avg. trades per day: 4,33
Positive moment:
- Pre market idea work well
- Start work under "Day pattern" and "First hour pattern"
Negative moment:
- A lot of unnecessary actions and trades!;
- Too much trades not from my day trading plan;
- No PlayBook trades!
- Overtrading;
- ALL Day mission FAIL.
Summary:
- Prepare plan of action: "Pre market plan" ---> "First hour pattern"---> "Playbook trade!";
- Trade my money managment plan;
- Prepare list of main rule for begin trading day;
- Work under 3-4 Playbook pattern
PLAN YOUR TRADE, TRADE YOUR PLAN
Weekly market view
Description: Main thing of this week it NQ broke consolidation and close week higher then 7000.
Description: This week show good delta power and show may be support area around 7000. Key price for next week will be 7000 and if monday and thuesday will be with good positive delta this accept for me what market continue go UP.