Thursday Log – Rollover Day

Today was rollover day for the futures and charts adjust automatically. Forgot to adjust my pivots in yesterday’s pre-planning for today’s trading day but caught the oversight prior to open. Drew lines of S & R on the chart which helped identify key levels quickly as opposed to yesterdays missed CO. Will continue this practice.

I started the trading day pre-market with the 0830 eco-report “Hot Box” trade. Worked nicely with short set at 942.75 and long at 928.75. Both were in resistance / support areas and short was 1.75 above overnight HH. Strangely only half my order filled on the spike up. Price was about in the middle on the overnight range five minutes prior to report. The key support and resistance levels as well as being approx 2 points above HH / LL seems to be a good zone. I continue to track. Result: +7.5

Tried to get too cute with trying to take price back up but actually it was a good idea but poor fill area thus my 2.25 stop was hit to the tick before price went up. Needed to be a bit more patient for better fill and/or have 3 point stop in place. -2.25

Played the CO nicely with good targets although could have let PO2 work more to the upside. Price hit resistance in 45 area so tightened stop. A stop @ B/E would have enabled full PO2 potential to work out. Result: +4.5

TC setup on next trade. Good fill at 942.25. Waited for pullback but looked like a lot of momentum was draining out of market. PO1 and 2 were within 1 point and should have taken full position off after 8 ticks realized. Took off one and B/E on 2nd. Result: +2.0

Tried CT trade @ 1128 but was not patient with it and also got in at a poor fill level. Bottom of channel! What was I thinking?! Eventually the trade worked but the poor fill negated any advantage. -3.25

Tried a momentum trade once resistance was broken @ 947-948 area but did not yield much other than realizing a lucky profit on what was more of an emotional entry than anything else. Result: +1.5

Took a CT at 1331 952 HH area after realizing price pattern, it was 2nd push up from +1200 TICK reading on lower volume and SS / ADX divergence. Target was 40% Fib. Only traded ½ of normal position. Result: +3.25

End of day traded late in the afternoon looking for VWAP bounce. Got lucky as longs released early, filled my long @ 45 area and went another 3 pts down before setting my stop. Got out -1.0.

Overall not a bad day. Two TC MO’s after mid-lower KB pullback @ 1405 and 1st MA bounce @ 1445. Interestingly price has closed within the same 938-940 area the last 5 days. Also, watch for the rollover. Other than maybe the 1st hour, it's biz as usual!

Trade Well !