19h • Daily Market Review
Daily Market Review and Trading Insights - September 26th
Daily Market Recap – Friday
Hey everybody, it’s Zach. Happy Friday! 🎉
I’m full steam ahead on getting the Futures Trading Program filmed, edited, and out in the classroom. Until then, I’ll keep posting daily market reviews. Honestly, these quick reviews are more dynamic than typing everything out.
Morning Setup
This morning at 6:30 a.m., we had the Core Consumer Inflation numbers released. I wasn’t even planning to trade this early—I usually sit down closer to 7:00 a.m.—but the report sparked a nice reaction in the market.
The market came in with an uptrend and some light consolidation. After the report, price broke to the upside. The 15-minute chart was particularly helpful today—it filtered out noise and gave me clear guidance along with the hourly chart.
We came above the moving averages and lifted nicely on the report, but the move was a bit too far, too fast. I didn’t catch that initial push and instead looked for opportunities after the pullback.
Trades & Key Levels
- First Attempt: Took a long at 82, stopped out at 58. I was looking for a bounce, but the market kept falling.
- Second Attempt: Re-entered at 602. This one worked better—I hit my target profit and got back to even on the day.
- Impulsive Mistake: Took a blind long outside of my trading plan. Got stopped out quickly. Still working on patience and avoiding impulsivity.
- VWAP Trade: Went long off VWAP at 661.50 and took it up to 684. Solid winner ✅.
- Short at 702: Correct read, but I closed prematurely. Market continued much further without me.
Overall, I had several profitable small trades, though many were managed too tightly. I often took points off the table too soon rather than letting the trade mature.
Lessons Learned
- Patience is key. I need to trust my setups and let candles close before entering.
- Avoid impulsive trades. Blind entries cost me today.
- Trade management. Several trades were good ideas, but I exited too early. Holding just a little longer would have turned small wins into bigger ones.
- Respect structure. VWAP and higher time frames gave solid signals—when I trusted them, the trades worked.
Wrap-Up
Today was a mixed day—profitable overall, but I left money on the table by not letting trades play out. My thought process was solid, but execution (especially patience) needs work.
Still, it was a good session to close out the week. Have a great weekend, everyone! 🚀
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Daily Market Review and Trading Insights - September 26th
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