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12252018 Closed for Christmas

12252018 Closed for Christmas

12252018 Closed for Christmas

Ter­mi­nol­o­gy (par­tial­ly made up by yours truly)

  • PA = Price Action
  • BO = Break Out
  • BD = Break Down
  • CAR = Con­firm As Resistance
  • CAS = Con­firm As Support
  • UKC = Upper Kelt­ner Channel
  • LKC = Low­er Kelt­ner Channel
  • TV = Tick Volume
  • WPP = Week­ly Piv­ot Point
  • DPP = Dai­ly Piv­ot Point
  • DR = Dai­ly Resis­tance (piv­ot)
  • DS = Dai­ly Sup­port (piv­ot)
  • WR = Week­ly Resis­tance (piv­ot)
  • WS = Week­ly Sup­port (piv­ot)
  • HL = High­er Low
  • HH = High­er High
  • LH = Low­er High
  • LL = Low­er Low
  • SD = Stan­dard Deviation
  • VWAP = Vol­ume Weight­ed Aver­age Price
  • AS = Asian Session
  • LS = Lon­don Ses­sion (EU)
  • NY = New York Ses­sion (US)

Per­son­al Checklist

5 pos­i­tive 1 negativeFriSatSunMonTue
Beers night before6102100
Hours sleep7.55869
Sleep well?21213
Neg­a­tive thoughts?11121
Exer­cise yester(to)day11111
Cof­fees today1 espres­so real quick2 espres­so real quick1 espres­so spread over 1.5 hours01 espres­so spread over 2 hours
Inter­mit­tent fastingnonononono
Water 2.2L bottles11212
Time bed yesterday03:0003:0002:0002:3010:30

Health review (for the past week)

  • How would you describe your over­all health?
    • I am feel­ing full all the time since I have been eat­ing a lot. I am giv­ing myself a break from being to crit­i­cal on this point since I know that I will get back on track next week. Although that doesn’t mean I should not pay atten­tion to it at all. 
  • How do you feel?
    • I feel bet­ter. Still not too sharp since I had to catch up on sleep a bit but then I feel grog­gy because I slept longer than I should. I think it’ll be bet­ter tomor­row though.
  • How would you rate it (1–5)?
    • 3

The Big Pic­ture (dai­ly)

  • What hap­pened yesterday?
    • Yes­ter­day before the Lon­don ses­sion start­ed we had a swing rever­sal dur­ing the AS that bounced off the 46.25 lev­el and we then ducked under­neath the 30M VWAP mean and 50MA. Which then set the tone for the rest of the ses­sion ie. downtrend.
    • We end­ed the day just above the DS2 47.174 lev­el at 44.363

Intra­day Fundamentals

  • Geopol­i­tics and the head­lines of today?
    • Mnuchin’s Bizarre State­ment Rat­tles Markets
      • Over the week­end, U.S. Trea­sury Sec­re­tary Steven Mnuchin issued a state­ment say­ing that he “con­duct­ed a series of calls today with the CEOS of the nations six largest banks,” which includ­ed Bank of Amer­i­ca, Citi, Gold­man Sachs, JPMor­gan Chase, Mor­gan Stan­ley and Wells Far­go, and the bank exec­u­tives “con­firmed that they have ample liq­uid­i­ty avail­able” for con­sumer and busi­ness lend­ing oper­a­tions. To which, the col­lec­tive response from the whole world seemed to be: “Wait, who said any­thing about not hav­ing ample liquidity?”
      • Mnuchin also said that the major banks “have not expe­ri­enced any clear­ance or mar­gin issues and that the mar­kets con­tin­ue to func­tion prop­er­ly.” Again, since few expect­ed oth­er­wise, the “clar­i­fi­ca­tion” from Mnuchin only seemed to sow more fear and confusion.
    • Argus Remains Bull­ish On Oil As Prices Plunge Below $45
      • Although the oil mar­ket will remain over­sup­plied in the first quar­ter of 2019, the OPEC+ pro­duc­er cuts will start to work in the sec­ond quar­ter and grad­u­al­ly rebal­ance the mar­ket to the point of Brent Crude hit­ting $80 a bar­rel in Q4 2019, accord­ing to ener­gy infor­ma­tion provider Argus Media.
    • The Bat­tle For Syria’s Oil Region
      • The Syr­i­an Civ­il War has gone through sev­er­al phas­es over the course of sev­en years and it now appears to be enter­ing anoth­er one. Gov­ern­ment forces have regained con­trol over much of Syr­ia with Russ­ian air sup­port and Iran­ian ground forces. Only Idlib and the ter­ri­to­ries east of the Euphrates riv­er remain out of the hands of Pres­i­dent Assad’s regime. With the U.S. plan­ning an immi­nent with­draw­al from Syr­ia, things could soon shift again.
    • Trump calls Fed ‘only prob­lem’ in U.S. econ­o­my; mar­kets slump
      • WASHINGTON (Reuters) — Pres­i­dent Don­ald Trump blast­ed the Fed­er­al Reserve on Mon­day, describ­ing it as the “only prob­lem” for the U.S. econ­o­my, as top offi­cials con­vened to dis­cuss the grow­ing rout in stock mar­kets caused in part by the pres­i­den­t’s attacks on the cen­tral bank.
    • Gold Up 1% , Boost­ed by US Govt Shut­down, Mnuchin Move on Banks
      • — The par­tial U.S. gov­ern­ment shut­down and grow­ing wor­ries of a glob­al reces­sion seem to be tak­ing gold slow­ly but more sure­ly toward the $1,300 per ounce lev­el tar­get­ed by pre­cious met­als bulls.
    • Exxon­Mo­bil Faces Off With Venezuela’s Navy
      • Exxon has sus­pend­ed explo­ration activ­i­ties in the west­ern part of the Stabroek block off­shore Guyana after the Venezue­lan Navy inter­cept­ed this week­end two explorato­ry ves­sels in what Cara­cas claimed was Venezue­lan waters, Reuters reports, cit­ing Guyana’s For­eign Ministry.
    • Trump, Democ­rats spar over shut­down with no deal in sight
      • WASHINGTON (Reuters) — Pres­i­dent Don­ald Trump and top Democ­rats in Con­gress sparred over the par­tial shut­down of the U.S. gov­ern­ment on Mon­day, with no sign of tan­gi­ble efforts to reopen agen­cies closed by a polit­i­cal impasse over Trump’s demand for bor­der wall funds.
  • Addi­tion­al OPEC news
    • OPEC Pre­pared To Call ‘Extra­or­di­nary Meet­ing’ As Oil Falls


Any ques­tions or feed­back you might have please feel free to leave a com­ment or con­tact me directly. 


Day trader. Tech geek. Sim racer/Pilot.

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