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:	6/4/2019	Week­ly Goal	Exe­cute A+ (TTF TC) / A setups (TTF NT)
	Com­bined Score	89
	Process Report Card (10 each)		Per­for­mance Report Card (10 each)
	10	Ses­sion PECS	100%	10	Real-time analy­sis
	9	Hypos	1/1	10	Setups Iden­ti­fied (TEST)
	10	Trad­ing the process	1/1	10	Setups tak­en
	10	Dai­ly review	0	10	Erro­neous Entries
	10	Progress tow. week­ly goal	1	0	Erro­neous Exits
	49	Total		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 Errors	Exit Errors	Type Trade	Mis­takes (if any)	Siz­ing	Hit Tar­get?	Rea­son to cover	Prob­lem	Pro­posed solution	Action
0	1	(exper­i­men­tal) TTF R LKCCAS	FOLP — Fear of Los­ing Profits	10	NO	Nor­mal­ly’ would have to cov­er at UKC but with 50/200MA in the way I cov­ered there — it would have hit my target	Still learn­ing to trade the TTF R setup	Have to keep try­ing to iden­ti­fy and take these setups	Replay + 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.