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02082019 Friday — Trade Plan & Journal - Bear Market Trader
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02082019 Friday — Trade Plan & Journal

02082019 Friday — Trade Plan & Journal

02082019 Fri­day — 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
  • R = Range
  • LTF = Low­er Time Frame
  • TTF = Trad­ing Time Frame
  • HTF = High­er Time Frame
  • HHTF = High­er High Time Frame
  • Hypo = HYPOthetical
  • AD = Accu­mu­la­tion Distribution

Health review

  • Week­ly goal
    • No alco­hol
  • 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?
    • I feel good. 
  • How would you rate it (1–5)? 1/2 = don’t trade 3= quar­ter posi­tion 1st 12 2nd 2, 4= half posi­tion = 1st 25 2nd 5, 5= full posi­tion = 1st 50 2nd 10
    • 5= full posi­tion = 1st 50 2nd 10

Mar­ket Prep

Trade Idea

  • Hypo 1 Long
    • HTF D TT
  • Hypo 2 Short
    • HTF D TC @ UKC
  • Hypo 3 Long
    • HTF D TT @ 2.0 SD

My goals for the day (Dai­ly Report Card)

  • Define win­ning
    • Only trade A/A+ trade ideas
    • For­ward test exper­i­men­tal trades

Read­ing the Tape

  • What is printing? 
    • 16:05
      • HHTF
        • R Over­sold with LKC CAR
      • HTF
        • HTF D TT / D TC
      • TTF
        • TTF R AD Over­sold pos­si­ble 200MABO or BOF
      • Oppor­tu­ni­ty (if any)
        • HTF D TT / D TC
    • 16:35
      • HHTF
      • HTF
        • Lack of clar­i­ty still could go either way although my hunch says D TT slight­ly more favored than D TC
      • TTF
        • TTF R Over­sold set­ting up for poten­tial 200MABO attempt
      • Oppor­tu­ni­ty (if any)
        • HTF D TT / D TC
    • 17:05
      • HHTF
      • HTF
        • Still @ VWAP UKC area, still think­ing D TT is more plau­si­ble but will need a bit more con­fir­ma­tion before adding size
      • TTF
        • We just test­ed 200MA and PB to below 200MA no TTF R LKCCAS yet so might be BD into exhaust­ed over­sold mode before we have a real try at 200MABO
      • Oppor­tu­ni­ty (if any)
    • 17:35
      • HHTF
      • HTF
        • I’m think­ing this could be a D TC to 2.0 SD CAS before we ini­ti­ate D TT
      • TTF
      • Oppor­tu­ni­ty (if any)
    • 18:05
      • HHTF
        • Nar­ra­tive could be a PB to 1.5 SD CAS
      • HTF
        • HTF D TC @ 50MA area instead of UKC
      • TTF
        • TTF R Bounces poten­tial BD to HTF 2.0 SD as target
      • Oppor­tu­ni­ty (if any)
        • HTF D TC @ 50MA tar­get 2.0 SD CAS
    • 18:35
      • HHTF
        • Knock­ing at the door of LKC
      • HTF
        • HTF D TC @ 50MA?
      • TTF
        • We had a steep very slow ral­ly to TTF R Over­bought posi­tion with poten­tial of con­tin­u­a­tion unless we breach 1.0 SD
      • Oppor­tu­ni­ty (if any)
        • HTF D TC @ 50MA
        • HTF D TT to R tar­get UKC
    • 19:05
      • HHTF
      • HTF
        • Doji at 50MA, pos­si­ble CAR
      • TTF
        • Over­bought posi­tion no move yet
      • Oppor­tu­ni­ty (if any)
    • 19:35
      • HHTF
      • HTF
        • HTF 50MA Area unclear
      • TTF
        • Over­bought posi­tion, no move yet, unclear
      • Oppor­tu­ni­ty (if any)
        • Wait for more confirmation

Dai­ly Report Card





Dai­ly Report Card



Date:8/2/2019



Week­ly GoalExe­cute A+ / A setups



Com­bined Score70



Process Report Card (10 each)

10Ses­sion PECS

0Hypos

0Mar­ket Prep

10Dai­ly review

5Progress tow. week­ly goal

25Total






Per­for­mance Report Card (10 each)
100%5Real-time analy­sis
2/210Setups Iden­ti­fied (inc. TEST)
2/210Setups tak­en
0/210Erro­neous Entries
0/210Erro­neous Exits

45total



  • Week­ly Goal
    • Only trade A/A+ trade ideas
    • For­ward test exper­i­men­tal trades
  • Review
    • I did not do my mar­ket prep but still watched the ses­sion today and when I saw the oppor­tu­ni­ty for some exper­i­men­tal trades I took em.
    • The trades were around a trad­ing idea that I saw devel­op­ing and failed to real­ly cap­i­tal­ize on it because I kept expect­ing a move to hap­pen which didn’t come until after US ses­sion open but by then I had closed off my trades
    • For the first part of the ses­sion I let the pat­tern on my trad­ing time­frame deter­mine my bias on the mar­ket which is wrong. Did poor­ly here. Always let mar­ket nar­ra­tive dic­tate direction. 
    • Hav­ing said that, I learned a lot today and will be back next Mon­day. There’s always anoth­er day. 
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo — none
    • Real-time analy­sis
      • 50%
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • P: Did well here.
    • E: Did well here.
    • CS: DId well here.
  • What’s one thing you learned today?
    • That I have to stay hum­ble. Just because I can feel get­ting clos­er doesn’t mean I won’t make mis­takes. Keep being the sci­en­tist and not the douche that thinks he knows all. 
  • Positive(s)
    • Did well to take some chances
  • Negative(s)
    • No mar­ket prep
    • Fail­ing to let mar­ket nar­ra­tive lead instead focused on TTF pattern
      • This is most­ly because I am still cat­e­go­riz­ing my mar­ket approach and this will be incor­po­rat­ed into my playbook
T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim racer/Pilot.

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