Daily Market Overview

 To do every morning to prepare for the day:

  • Look at Open positions. Know if any need to be tended today
  • Look at any trades I am watching to open
  • Plan for the day from what I see:
    •  Positions?
    • ORB? 

  • Focus on what you can control!
    • Entry
    • Stop
    • Risk

  • Keep watch during the day for developing setups
  • 1600hrs: Do Post-game report
    • What went well
    • What didn't go well
    • Did I follow the plan?
      • If not, why not?
  • Before entering any position:
    • Am I rushing to get in?
      • Buy the pullback or the breakout according to the strategy
    • Am I going with the overall trend for the timeframe I am trading?
    • Have I checked the current ATR?
    • What timeframe are you trading?
      • Type of Stops you will use?
      • Targets applicable to timeframe?
  • After getting into a position:
    • Ensure stop and target are set to GTC orders


 How it went today (02 Mar 23):

Future

Daily chart

Hourly chart

10 min chart

ATR

ZN

Below Cloud

Below Cloud

Below Cloud

‘220

ZB

Below Cloud

Below Cloud

Below Cloud

1’12

ZF

Below Cloud

Below Cloud

Below Cloud

‘150

ZT

Below Cloud

Below Cloud

Below Cloud

‘062

GBL (Bund)

Below Cloud

Below Cloud

In cloud

1.16

CGB (Cdn 10yr)

Below Cloud

Below Cloud

Below Cloud

0.98

MGC

Below Cloud

Above Cloud

In Cloud

20.9

YM

Below Cloud

In Cloud

In Cloud

 

ES

Below Cloud

Below Cloud

In cloud

 

SPX

Above cloud

Below Cloud

Below Cloud

 

Scans:

New 52 Week High

180

New 52 Week Low

215

Moved above Cloud

320

Moved below Cloud

396

Moved above upper BB

212

Moved below lower BB

280

VIX above or below 10-day MA: -0.71% (neutral)

Announcements:

  • 0830 - Jobless claims
  • 0830 - Productivity & Costs
  • 1600 - Fed speaker
  • 1630 - Fed Balance Sheet
  • 1800 - Fed speaker
Plan:
  • Bond futures are decidedly bearish.
    • Let ZN position work. Note that stop is at BE.
  • Look at ORB trade but note that there are big numbers at 0830hrs. Would be on short side only.
  • Look at Canadian Futures market.
  • Listen to some trading videos.
  • Review market conditions periodically.

Of course, I don't type this all out, but write it in my trading journal. After the first few times, it seems to take only 4-5 minutes, and sets me up for the day.

Hope this helps.

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