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04072019 Thursday — Trade Plan & Journal

04072019 Thursday — Trade Plan & Journal

04072019 Thurs­day — 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

5 pos­i­tive 1 negativeTueWedThu
-2/73/74/7
Time bed yesterday21:3922:0221:55
woke up7:416:236:59
Hours sleep10:028:219:04
Accord­ing to Fitbit8:116:577:36
Awake1:511:241:28
Times awake32x36x43x
REM1:300:560:48
Light5:555:156:24
Deep0:460:460:24
Sleep well?343
Sleep Aid?nonono
Alco­hol yesterday?002
Wore Fit­bit?yesyesyes
Per­formed Dai­ly Tasks?yesyesyes
Per­formed Health Tasks?noyesno
Exer­cise yesterday?nonono
Cof­fees yesterday222
Inter­mit­tent fastingyesyesyes
Water L1.522
Vit­a­minsnonono
Cig­a­rettesnono1
  • Week­ly goal
    • Fol­low my health plan. Broke my plan yes­ter­day by hav­ing 2 beers and 1 cigarette. 
  • 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’ve had a few nights of rel­a­tive­ly good sleep. 
  • How would you rate it (1–5)? 1 = don’t trade 2/3 =half posi­tion siz­ing 4/5 = full position
    • 5

Mar­ket Prep

Intra­day Fundamentals

  • 4th of July holiday
  • API report
    • Lat­est Release Jul 02, 2019
    • Actu­al ‑5.000M
    • Pre­vi­ous ‑7.550M
  • EIA report
    • Lat­est Release Jul 03, 2019
    • Actu­al ‑1.085M
    • Fore­cast ‑2.964M
    • Pre­vi­ous ‑12.788M

Intra­day Tech­ni­cal Analysis

  • HTF
    • Define con­text
      • Where were the overnight highs and lows and PVA?
        • High 57.467
        • PVAH 56.877
        • PPOC 56.555
        • PVAL 56.306
        • Low 56.108
      • Where is the LIS?
        • PVAH area
      • What didn’t happen?
        • No con­tin­u­a­tion to the HHTF DT, change in short/medium term sentiment
      • 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 TTF DT
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • HTFLKCCAS
    • What has the Asian Ses­sion printed?
      • TTF DT into HTF50MA, pos­si­ble exhaust­ed move and short term rever­sal on the horizon

Trade Idea

  • Hypo 1 Long
    • HTFLKCCAS
    • Entry around 56.60
    • Tar­gets 56.90, 57.10
  • Hypo 2 Short
    • HTF50MACAR
    • Entry around 56.80
    • Tar­gets 56.50, 56.40
  • Hypo 3 Rota­tion­al 56.80 — 57.40

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? 
    • 16:05
      • HTF R LKC Area long bias even though no CAS, TTF shows signs of rever­sal after TTF DT with pos­si­ble TT 
    • 16:35
      • TTF D TT into TTFUKCBO attempt
    • 17:05
      • Test­ing of TTF200MA at HTF50MA area above HHTF 1.0SD pos­si­ble fol­low-through on move and actu­al TTF200MABO may come
    • 17:35
      • No pull-through on TTF200MABO yet momen­tum died off cross­ing 1.0 SD
    • 18:05
      • Not much going on
    • 18:35
      • Still not much going on
    • 19:05
      • Still not much going on

Dai­ly Report Card

I decid­ed to merge yesterday’s results with today’s. I have deduct­ed points for not doing the dai­ly review and progress towards week­ly goal. I’ve had a bit of a stress­ful week but glad it looks to be over.

Trade Idea

  • Hypo 1 Long
    • HTFLKCCAS
    • Entry around 56.60
    • Tar­gets 56.90, 57.10
  • Hypo 2 Short
    • HTF50MACAR
    • Entry around 56.80
    • Tar­gets 56.50, 56.40
  • Hypo 3 Rota­tion­al 56.80 — 57.40









Date:7/4/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)















Com­bined Score87











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

8Ses­sion PECS100%10Real-time analy­sis

9Hypos2/210Setups Iden­ti­fied (inc. TEST)

10Trad­ing the process2/210Setups tak­en

5Dai­ly review0/210Erro­neous Entries

5Progress tow. week­ly goal0/210Erro­neous Exits

37Total
50








  • 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. 
      • Did well here.
  • Review
P/L ticksTradeEntry ErrorsExit ErrorsType TradeSiz­ingRea­son to coverProb­lemPro­posed solution
12.2100(exper­i­men­tal) HTF D TC @ LKC1TPNor­mal­ly I would have tak­en half risk off but since it was the small­est con­tract I took prof­it it look­ing for anoth­er entry.--
-8.7200(exper­i­men­tal) HTF D TT @ TTF200MABO1Scratchedbroke TTF 1.0 SD--
6.2300(exper­i­men­tal) TTF D TT2ScratchedLoss of momentum--
-1.1100(exper­i­men­tal) TTF D TT2scratchedafter the move ini­tial­ly going against me 10 ticks and then return­ing with what looked like momen­tum dying out I scratched--
-11.2200(exper­i­men­tal) TTF200MABO2SO---
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo 1 — 90%
      • Did well here
    • Real-time analy­sis
      • Did well here
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • P: Did well here. Slept better.
    • E: Felt as if I want­ed to force the mar­ket. Even though I didn’t act on it, I felt it and took note of this in my journal. 
    • CS: Did well here
  • Positive(s)
    • I under­stand more and more about my per­spec­tive on the mar­ket and am grow­ing more con­fi­dent in it. Took a lot of notes that I can study more on the week­end. Excited!
    • Get­ting more selec­tive with my exper­i­men­tal trades.
  • Negative(s)
    • I didn’t do my DRC yes­ter­day due to out­side factors
      • Dealt with that

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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