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02072019 Tuesday — Trade Plan & Journal

02072019 Tuesday — Trade Plan & Journal

02072019 Tues­day — Trade Plan & Journal

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)
  • R/R = Risk to Reward
  • M2M = Move to Move
  • T2H = Trade to Hold
  • DT = DownTrend
  • UT = UpTrend
  • LTF = Low­er Time Frame
  • TTF = Trad­ing Time Frame
  • HTF = High­er Time Frame
  • Hypo = HYPOthetical

Health review (for the past week)

  • Week­ly goal
    • Eat less carbs by alter­nat­ing 2 meals a day
  • How do you feel? Have you recent­ly had a break of dai­ly rou­tine (like a trip)? Did you have 2 (or more) nights of insuf­fi­cient sleep?
    • Had a good night of sleep after 2 days of insuf­fi­cient sleep but should still be a bit care­ful. 1 because I might still not be as sharp 2 I might think I need to make up for loss­es I incurred yesterday.
  • How would you rate it (1–5)? 1 = don’t trade 2/3 =half posi­tion siz­ing 4/5 = full position
    • 4, but will go with a 3 so half position

Mar­ket Prep

Intra­day Fundamentals

  • API report
    • Today
  • EIA report
    • Tomor­row 

Intra­day Tech­ni­cal Analysis

  • HTF
    • Define con­text
      • Where were the overnight highs and lows and PVA?
        • High 60.268
        • PVAH 60.240
        • PPOC 60.034
        • PVAL 59.116
        • Low 58.336
      • Where is the LIS?
        • PVAL area
      • What didn’t happen?
        • No HTF R LKCBD
      • Dialling in on opportunities
        • Is there a shift in value/excess migra­tion? What is the cur­rent mar­ket con­di­tion? Are we trend­ing, balancing/range bound? Where are we in the trend range axis?
          • HTF R still in effect + plus 50 and 200 run­ning flat
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • HTFLKCCAS / TTF200MABO
    • What has the Asian Ses­sion printed?
      • HL under HTFLKC to a move inside KC to TTF200MA

Trade Idea (Less clarity)

  • Hypo 1 Long
    • TTF200MABO
    • Entry around 59.15
    • Tar­gets 59.50, 59.90
  • Hypo 2 Rota­tion­al 59.30 — 58.60
  • Hypo 3 Long
    • TTFLKCCAS
    • Entry around 58.90
    • Tar­gets 59.50, 59.90

My goals for the day (Dai­ly Report Card)

  • Define win­ning
    • Only focus on A/A+ setups and work on con­sis­ten­cy in tak­ing them. To have a bet­ter sam­ple size I will need to go through a few cycles before I can think of the next lev­el. Do this for the next month at least. It would be 3 months by then and I can ana­lyze my trad­ing and reassess if need be. 

Read­ing the Tape

  • What is printing? 
    • 16:35
      • Dur­ing AS we had a TTF200MABO and then trad­ed back to TTFLKC/TTF200MA and are look­ing to CAS, pos­si­bly a TTF U NT
    • 17:05
      • Poten­tial TTF200MABD, pos­si­ble HTF 50/200MA cross down
    • 17:35
      • PA messy, not fol­low­ing nor­mal levels, 
    • 18:05
      • Just had a 25 tick drop from TTF200MA to HTFLKC area pos­si­ble rever­sal but it seems today PA goes the oth­er way than I assume
    • 18:35
      • I don’t feel very in-tune with the mar­ket today
    • 19:05
      • No fol­low-through on TTF200MABO, HTF50 cross­ing down 200MA

Dai­ly Report Card

Trade Idea (Less clarity)

  • Hypo 1 Long
    • TTF200MABO
    • Entry around 59.15
    • Tar­gets 59.50, 59.90
  • Hypo 2 Rota­tion­al 59.30 — 58.60
  • Hypo 3 Long
    • TTFLKCCAS
    • Entry around 58.90
    • Tar­gets 59.50, 59.90









Date:7/2/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)















Com­bined Score86











Process Report Card (10 each)
Per­for­mance Report Card (10 each)

8Ses­sion PECS90%9Real-time analy­sis

9Hypos2/27Setups Iden­ti­fied (inc. TEST)

8Trad­ing the process2/210Setups tak­en

10Dai­ly review1/25Erro­neous Entries

10Progress tow. week­ly goal0/210Erro­neous Exits

45Total
41








  • Week­ly Goal
    • Only focus on A/A+ setups and work on con­sis­ten­cy in tak­ing them. To have a bet­ter sam­ple size I will need to go through a few cycles before I can think of the next lev­el. Do this for the next month at least. It would be 3 months by then and I can ana­lyze my trad­ing and reassess if need be.
  • Review
P/L ticksTradeEntry ErrorsExit ErrorsType TradeSiz­ingRea­son to coverProb­lemPro­posed solution
-3.4110TTF U NT5scratchedI real­ized I did not wait for the set­up to devel­op so imme­di­ate­ly scratchedToo Ear­lyBecause I had a bad day yes­ter­day and feel OK today but not as sharp I decid­ed to cut my siz­ing for the day. Still adjust­ing so will be more care­ful going for­ward today.
6200(exper­i­men­tal) TTF200MABO2scratchedtoo much push back--
5.5
  • 1) scratched
  • 2) scratched  half first to see if I was wrong when I noticed I wasn’t I took the rest off as well.
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo 3 — 90%
      • It wasn’t as clean
    • Real-time analy­sis
      • 90% — i did well for the most part but was a bit hes­i­tant to not make any mis­takes and be more care­ful. Still did good here.
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • P: Did well here. Slept enough plus took an extra nap.
    • E: Did good here. 
    • CS: Because of yesterday’s loss I felt a bit ‘hes­i­tant’ but that’s all good and was expected.
  • What’s one thing you learned today?
    • More sac­ri­fices must be made in order to become a CPT.
  • What’s one thing I need to do more often?
    • Be well-rest­ed in order to be more in-tune with my inner-voice.
  • What’s one thing I need to do less often?
    • Let out­side fac­tors that don’t help me on my path hold me back. 

Feed­back?

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

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim racer/Pilot.

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