Morning Future’s Report

The morning session is balanced, and somewhat choppy.  The rotations don’t seem to make much progress and I got caught up in the noise with several trades.

I went 5/14 giving me a win rate of 36 percent.  My best trade was long into the 11 am hour catching a drift higher that earned 2.5 handles.  My two worse trade were chop along the VPOC each carving out 1.75 handles on two units.  Net-net I was down on the session.

My best position was shorting into the 10am Philadelphia fed number.  The market was bid up into the number, ran some stops and then reversed lower.  I covered far too soon, taking only 1 handle out of the 7 handle move.

Biggest area for improvement is waiting for a bit more conviction before trading from the middle of the value area to the outside.