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04062019 Tuesday — HTF R LKC A/D — TTF R - Bear Market Trader
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04062019 Tuesday — HTF R LKC A/D — TTF R

04062019 Tuesday — HTF R LKC A/D — TTF R

04062019 Tues­day — HTF R LKC A/D — TTF R

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.
  • How do you feel?
    • I feel good. 
  • How would you rate it (1–5)?
    • 5

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 54.662
        • PVAH 53.937
        • PPOC 52.868
        • PVAL 52.741
        • Low 52.164
      • Where is the LIS?
        • 53.50 area
      • What didn’t happen?
        • We didn’t con­tin­ue the HTF DT instead we had a TT and pos­si­ble start of HTF R
      • 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?
    • TTF
      • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
        • Pos­si­ble HTF R trad­ing or BD from Prev Low
      • What has the Asian Ses­sion printed?
        • Lat­er­al move below TTF 50MA

    Trade Idea

    • Hypo 1 Short
      • TTF200MACAR
      • Entry around 53.30
      • Tar­gets 53.05, 52.70
    • Hypo 2 Long
      • HTF LKC / PVAL CAS
      • Entry around 53.05
      • Tar­gets 53.85, 54.10
    • Hypo 3 Rota­tion­al 52.80 — 53.50

    My goals for the day (Dai­ly Report Card)

    • Define win­ning
      • Have patience in only take A+ (TTF TC) and A (TTF NT) setups to build a track record to ana­lyze lat­er but be open to exper­i­ment with TTF R setups

    Read­ing the Tape

    • What is printing? 
      • 16:35
        • HTF R flat below 50MA, TTF R flat below 200MA about to cross with 50MA
      • 17:05
        • TTF R move to UKC with TTF200MABOF
      • 17:35
        • TTFLKC BD but halt­ed at HTFLKC
      • 18:05
        • Push back by HTF R LKC, TTF didn’t drop fast enough and look­ing to re-enter KC
      • 18:35
        • Move back into TTF KLC to VWAP, no clar­i­ty on mar­ket move yet, no HTFLKCBD (yet)
      • 19:05
        • No break from PVAL yet
      • 19:35

      Trade Man­age­ment

      Explain what trade you put on (include price, SL, TP) and what your thoughts are dur­ing the trade

      • T1
        • Why? What do I see?
          • HTF
            • HTF R
          • TTF
            • (exper­i­men­tal) TTF R LKCCAS
            • Entry 10 @ 52.99
          • LTF
            • LTF50MABO
        • SL
          • 52.38
        • TP
          • 54.30
        • Trade Man­age­ment
          • Cov­ered @ 53.05
          • Nor­mal­ly’ would have to cov­er at UKC but with 50/200MA in the way I cov­ered there — it would have hit my target

      Dai­ly Report Card

      Trade Idea

      • Hypo 1 Short
        • TTF200MACAR
        • Entry around 53.30
        • Tar­gets 53.05, 52.70
      • Hypo 2 Long
        • HTF LKC / PVAL CAS
        • Entry around 53.05
        • Tar­gets 53.85, 54.10
      • Hypo 3 Rota­tion­al 52.80 — 53.50









      Date:6/4/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)















      Com­bined Score89











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

      10Ses­sion PECS100%10Real-time analy­sis

      9Hypos1/110Setups Iden­ti­fied (TEST)

      10Trad­ing the process1/110Setups tak­en

      10Dai­ly review010Erro­neous Entries

      10Progress tow. week­ly goal10Erro­neous Exits

      49Total
      40








      • Week­ly Goal
        • Have patience in only take A+ (TTF TC) and A (TTF NT) setups to build a track record to ana­lyze lat­er but be open to exper­i­ment with TTF R setups
      • Review
        • Took 1 TTF R trade but took prof­its too soon again. Still exper­i­ment­ing with this set­up and I’ll keep work­ing at it. 
      Entry ErrorsExit ErrorsType TradeMis­takes (if any)Siz­ingHit Tar­get?Rea­son to coverProb­lemPro­posed solutionAction
      01(exper­i­men­tal) TTF R LKCCASFOLP — Fear of Los­ing Profits10NONor­mal­ly’ would have to cov­er at UKC but with 50/200MA in the way I cov­ered there — it would have hit my targetStill learn­ing to trade the TTF R setupHave to keep try­ing to iden­ti­fy and take these setupsReplay + PB
      • How accu­rate was my assess­ment of mar­ket context?
        • Hypo 3 90%
        • Real-time analy­sis
      • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
        • I did well here
      • What’s one thing you learned today?
        • Trust in your plan. If it’s a set­up, exper­i­men­tal or not, it has entry as well as exit rules. Obey them. 
      • What’s one thing I need to do more often?
        • Focus on the process. Process is what keeps you in the game. 

      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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