Day Trading Journal - CME & CBOT Futures

last lot closed @ 2307.2
total +111

MGC short again, x1 @ 2309.8
at 38.2% level

closed, +21

I am holding 2 lots of MGCM24 short overnight.
Market state: trending down and super volatile.
It seems that the weeklong buying frenzy is subsiding.

1) The latest news suggests that there will be no cuts to interest rates in 2024.


2) Geopolitical tension remains elevated, and it is likely factored into prices unless there is a new outbreak of conflict.

3) The NFP report due later today at 0830 EST could shift the narrative and potentially reverse the early session's decline.
Therefore, I will have to reduce half of the position before the data release.

MGC short x1 @ 2303.5

update1: took some impulsive short trades at 2308.4 and 2309.4, 61.8% level, scalped out quickly.
update2: added 2 short @ 2309.5; closed 1 @ 2307.3, closed 1 @ 2306.
total: +95

closed 0830 at 2302.5

MGC short x1 @ 2322.2, 100% Fibonacci retracement level
with a couple of quick scalps

added MGC short x2 @ 2347.6, and 2349.8, 38.2% Fibonacci retracement level
total short position: -4 lots


closed 1 @ 2346

another 1 closed @ 2354.9

2 short in long run

now I have GC short x1 @ 2377.3
MGC long x5 @ 2369.8
MGC added long x2 @ 2360

total position: -3 lots of MGC

GC long x1 @ 2371.2
this is to offset the overnight position GC short x1 @ 2377.3.
tp target reached, +210

MGC short x5 @ 2371.7,
this is to offset the overnight position of MGC long x5 @ 2369.8
closed to sync with GC, -85

MGC short x2 @ 2359.1
closed 1, +29
last lot closed, +49

MGC short x3 @ 2360

stoploss, -40

MGC short x2 @ 2350

target 1 reached,
1 short left, stoploss level adjusted to 2349.1

last lot closed, support level at yesterday low
total +69

MGC re entry, short x1 @ 2349.5