B Rich

[B Rich @BRichTrading]

#fibfriday 1st trade premarket low to open range high bounced at the 88 and 21900. Within $200 from passing challenge when China news dropped,stopped out $3k away. Drop set up larger fib play at 70. Entered on 15 sec consolidation break and held to $159,000. 3rd challenge passed.

[B Rich @BRichTrading]

Fed rate decision / FOMC @ 1, conference 1:30 market made LOD shortly after meeting began creating a clean fib drawing that put the 70 at 2 day trend line retest and several touches of support and resistance on the 15 min over last weekend and Mon, Tues and this morning.

[B Rich @BRichTrading]

Inflation rate 7:30. Played the 618 40 micros at VWAP, looked weak, partial quickly, stopped at new low. HOD Vol candle 8:46 into the real levels, Entered 30 after the next candle green indecision and 15 sec consolidation break. Looked double toppy at 22000 sold most, all out 382

[B Rich @BRichTrading]

Sideways chop continues around 0%. Small retracement play almost to the 70 entered on a couple 1 more lows. Held some thru 236 for the breakout to pre market highs and larger time frame trend line. Bottom to top about 60 points

[B Rich @BRichTrading]

Unusual looking pre market jumping around 200 pts. Pre market hi/open range low set up cams and fibs. Pop into the level on news that "Trump agrees to start new round of TALKS to China" and the market absolutely loved it... Buncha bullshit!
Scalp S3 trend break twice around 9:20

[B Rich @BRichTrading]

Took a stab at pre market hi/low. May be the new rule to wait for opening range. Pre market low to open range hi played 786 to 382 but the drop came in on PMI at 9.
Then open range hi/low set up. I held for about 30 mins before closing it slightly green. Followed time rule!👏

[B Rich @BRichTrading]

Pre market low to opening range high 70 - 236.
Real time data on TPT account was not working. Took a couple micros on real account for about 50 points.

[B Rich @BRichTrading]

30 contracts order on NQ at the 70, stopped out at the 88. Noticed ES set up perfectly at its 70. 50 contracts, partials along the way all out at the 382 for about 80% of losses back.
Looking for a new high to setup next move.

[B Rich @BRichTrading]

Broke the big range rule and played the 618 trend break. Figured such a big range, 618 looks like the level. Entered again at the 70, big loss down about $1200.
Scalped ES trend break at the 786 for about 10 pts.
Probability decreases greatly over about a 300 pt range.
RULES!

[B Rich @BRichTrading]

1 entry at the 70, 1 stop at the 88 would have given me several chances to stop out even as move was taking too long. It got very close to the 88 but would not have hit 21,425 stop loss order. If it did it was the same amount I lost anyway.
STICK TO SYSTEM, FOLLOW RULES!

[B Rich @BRichTrading]

1st trade only 76 pt opening range, quick stop, down $250. 2nd trade yesterday low to today high started good but only made it to the 50%. I added at retest to 618. Manually stopped out and re-entered a few times for a unnecessary big loss day. What I should've done, next post...

[B Rich @BRichTrading]

As clean as it gets to start the week on a Tuesday after the long weekend. 220 pt range, order out at the 70, added after a couple 1 more new lows and pop thru 21,200 for total 15 contracts. Weak hands sold 5 at trend line retest, all out at 382 just below R3.

[B Rich @BRichTrading]

Fibonacci Friday! Big sell off overnight opened market today at Cam floor levels down almost 2%. Worked it's way back up filling the gap on SPX setting up 2 nice fib plays on ES and 3 on NQ from 70 to 236 for a combined total 181 NQ points & 1 short 786 to 50 before close.

[B Rich @BRichTrading]

1 short pre markt low to open high stopped out for small loss. 3 different long legs appeared. Last one played 618 to 382 then one more low 70 to 236. Both bounce @ S6. Not A+ day, only 3 micros each trade, sold too early on last trade. Recovered 1st loss and slightly green.

[B Rich @BRichTrading]

Back in the saddle, opened new account yesterday, caught a small move up $500. Today 2 possible legs, ES pre market low to high fib while NQ opening range fib. Used ES for confirmation on NQ, added on high volume break. Mistakenly added into the move messing up avg and closed.

[B Rich @BRichTrading]

Rough start to funded account, never recovered from big loss 2 days in. Trying to dig out of a hole made me impatient and just taking bad trades for the next few days. Finally hit max loss by $1.75 and blew account before this perfect fib played for $1300, going green by $200.

[B Rich @BRichTrading]

Stopped out 3 times today. Long at the open, short on new low retracement and short on Pre market high to opening range low. Fib levels not playing the strategy lately...account is taking a beating.

[B Rich @BRichTrading]

Today like most of the week fibs not much in play. 1st two stopped out (less than 100pts, shouldn't have played them anyway) none others made the 70.
All day 6 hr hold on ES shorting R3 put a dent in morning losses but didn't make target S3 before close. Glad this week is over.

[B Rich @BRichTrading]

I knew we were getting close to turning to the upside. Chopped up on the entry as usual...Stick to clear fib setups for entries. Non appeared today so far.

[B Rich @BRichTrading]

One more retracement, entered 3 at the 70, within pennies of stopping out, finally hit targets and exploded higher. Power hour trading not my specialty, lucky to make it out of this one profitable.