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After yday sell off and today GDP strong stat iam wait same volatility.
Major news, releases
GDP- 4,2(4,2)- TOO STRONG
Core Durable Goods- 0,1(0,4)- Wait more but 0,1 any way progress
Pre market plan
Description: Look first 30 minutes if price will be in sydeway move, iam away from market
Sceanrio1: After yday sell off same guyes continue sell stocks today morning and around 7580-7600 price find strong buyers
Scenario2: Low volatility sceanrio. Price slow slow move UP. In this way iam only look
Sceanrio3: If came same bad enough news i will be look to sell
p.s. During write this post gold looks like sell off. Wait sceanrio1
Can you help answer these questions from other members on NexusFi?
Info about Thursday and Friday
Thursday:
It was good enough day with 1 trade on PB with profit 180$.
Friday:
Iam not trade becouse i was busy with other business.
Weekly report
Positive moment:
- Only one good learn moment: "DON`T TRADE LOW VOLATILITY MARKET"
Negative moment:
- Overtrading during low volatility market
Summery:
1. Iam 100% understand what iam momentum trader and can earn money from market ONLY when good volatility, low volatility market at this moment I don`t now and don`t understand!
Pre market plan
Sceanrio1: Low volatility sceanrio with close gap from Friday or near 7680. Wait PB + buy stop pattern;
Sceanrio2: More volatility and more agressive buyers sceanrio with fast up bar on open. In this case i will be wait and hope on PB to 7700
Sceanrio3: Close profit day with low volatility. In this case i will be wait price on VPOC previus week around 7650.
Market recap
It was completly Sceanrio3 with out any strong sell power
Description: NQ was weaker then ES
Trading statistic PNL: 350$
Win ratio: 40%
Risk/reward: 4,71
Playbook ratio: 100%
Profit index: 0,48
Description: Good green day and what more important iam concentrate on opportunity, not on trade!
Pre market view
Description: Yday NQ was weaker then ES and today it first what i must look how correlete during first 30 minutes
Scenario1: Sell off pre-market model+yday weak model and today i wil be wait this scenario. And concentarte on PB to 7650
Sceanrio2: If 7650 level will be strong for buyers and NQ will be stronger then other market i will be look same delta support area+ PB.
Market recap
Low volatility day- Low volatility trading! GOOD!
Description: NQ was 50/50. First half of day was a little stronger, second half day a little weaker;
Trading statistic PNL: 25$
Win ratio: 50%
Risk/reward: 1,87
Playbook ratio: 100%
Profit index: 0,6
Description: Low volatility trading and it correct!!! Iam wait opportunity, not a trade!
ADP Nonfarm Employment - 230(187)- Very good and strong!
Pre market plan
Look on gap!
Sceanrio1: Same seller after yday push down with volume will be try do same! But buyers must be strong and dont give close gap! I will be look same sell stop pattern;
Scenario2: Buyers too strong and hold price around opening during first 30 minutes! And afer will be try to hold price above yday high. In this case i will be wait same delta support pattern;
Sceanrio3: If seller easy close gap, that means buyers poor and i wiill be look same delta resistance on PB to 7680 area.
Market recap
Sellers try take control
Description: Second reverse day. Seller try take a control on Pull back
Trading statistic PNL: 399$
Win ratio: 43%
Risk/reward: 2,43
Playbook: 71%
Profit index: 0,8
Description: It was good day BUT have same mistake:
1. Trade during first 15 min only from delta area or same strong delta (>+/-400);
2. After when im understand idea, next step wait pattern!
P.S. I do best trade in last two month with profit (+53 ticks) GREAT! Continue work and try to be better!!!
Good volatility with potential go down, BUT be careful!
Major news, releases
NONE
Pre market plan
Scenario1: This is scenario with PB to area 7630-7650 and then find same delta resisnace area with buy stop signal;
Sceanrio2: Buyers can`t do same PB and will be fail or range after open and look same PB signal or delta resistance;
Sceanrio3: Buyers thing now price good for buy and start strong buy! Important 7650 area for continue high!
Market recap
Perfect sell off day BUT with out me(
Description: Huge negative delta!
Trading statistic PNL: 150$
Win ratio: 67%
Risk/reward: 1,1
Playbook ratio: 100%
Profit index: 0,5
Description: All move without PB(( I can`t take trade in this type of day during this time!(
Major news, releaese
Nonfarm Payrolls: 134(185)
Unemployment rate: 3,7 (New record ?)
Pre market plan
Yday was huge delta today day on 50/50
Scenario1: No body want do buy back after yday strong sell day and market will be slowly-slowly go down;
Scenario2: Seller sell enough yday and today take a pause and buyers will be slowly buy and sellers will be close his short week position;
Scenario3: Market find same strong buyuers and push price much lower !
Market recap
Perfect day with my Sceanrio1, but experence not enough to trade without PB((
Description: Market very very weak with hi-tech sector. I think correction will be continue;
Trading statistic PNL:117$
Win ratio: 50%
Risk/reward: 1,42
Playbook ratio: 100%
Profit index:0,45
Descrpition: Too dangerous day! And my exprence not enough!!! I must UP my skill level
Positive moment
1. All 5 days green;
2.Around 2-x week profit better then avarage;
3. Try to concentrate on opportunities;
4. Low volatility trading on low volatility market! GREAT!
Negative moment
1. Two days was dangerous, iam try to find bottom!WRONG!
2. My experence`s not enough to trade without PB on volatility market;
Summery
1.Volatility market give good opportunities for me! Continue work only on volatility market and don`t trade on low volatility market;
2. Don`t try to find bottom and top! IMPORTANT!!
3. Concentrate on opportunitys not on trade!
4. Continue work with R/R, win ratio and important price level!!
5. Work like sniper!
