Tried to rebound from yesterday!!
Wed, Aug 28, 2019
Total trades: 3Total volume: 12
Closed P&L: $-50.00
Ok i am wiping yesterday out of my mind and get back to trading the right way.
I got to the gym and had a great workout!!!
There is not any significant market moving economic new scheduled for today. The big thing on the macro side is the yield on 30-year Treasury debt fell to its lowest ever. The British pound dropped on reports the government may suspend Parliament to force through a rapid exit from the EU.
Trade plan for today is to trade 2 contracts on the ES off of support and resistance and within the OB/OS guidelines and in the direction of the higher time frame.
There is not any significant market moving economic new scheduled for today. The big thing on the macro side is the yield on 30-year Treasury debt fell to its lowest ever. The British pound dropped on reports the government may suspend Parliament to force through a rapid exit from the EU.
Trade plan for today is to trade 2 contracts on the ES off of support and resistance and within the OB/OS guidelines and in the direction of the higher time frame.
Here are my levels:
Man... end of day here and nothing seemed to work out for me today. I felt a little lost for some reason and would miss some pretty good setups. Not sure what is going on with me but I will fix myself tonight!!! i think I was a little apprehensive to take a trade from what happened yesterday on that big loss that got away.
I ended the day -$75 after commissions. I think I need to be more pro active tomorrow charting the different swings on the different timeframes. Also, i think I looked at the screen for to long at a time today. Tomorrow I will chart and trade for about 45-50 min then take a break and maybe shorten that up as the day goes on. Hopefully I can end in the green about +$300 or so tomorrow and get back on track.
below are my end of day charts with my notes on the 30 second chart.
Things I am going to work on tomoorow:
be patient but not too patient
chart more and look for set ups in the different swings...be more active
limit my losses and not force a trade.
chart more and look for set ups in the different swings...be more active
limit my losses and not force a trade.
Big news tomorrow is the US GDP release. The estimate is 2% and with all of the talk about a recession this number will be closely looked at. Just for the record, an economic recession is typically defined as a decline in gross domestic product (GDP) for two or more consecutive quarters but with consistent 2% and + growth i dont see how that could be construed as a recession..We will se though.
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