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08072019 Monday — Trade Plan & Journal

08072019 Monday — Trade Plan & Journal

08072019 Mon­day —  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 negativeMon
-8/7
Time bed yesterday0:36
woke up8:18
Hours sleep7:42
Accord­ing to Fitbit6:38
Awake1:04
Times awake39x
REM0:36
Light4:49
Deep1:13
Sleep well?4
Sleep Aid?no
Alco­hol yesterday?0
Wore Fit­bit?yes
Per­formed Dai­ly Tasks?yes
Per­formed Health Tasks?no
Exer­cise yesterday?no
Cof­fees yesterday2
Inter­mit­tent fastingno
Water L2
Vit­a­minsno
Cig­a­rettes3
  • Week­ly goal
    • Fol­low health plan
  • 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. Over the week­end I slept well Fri­day night and a bit less Sat­ur­day night (about 7) although not too bad. Last night I slept fine, almost 8 hours. 
  • How would you rate it (1–5)? 1/2 = don’t trade 3= quar­ter posi­tion 4= half posi­tion 5= full position
    • 5

Mar­ket Prep

Intra­day Fundamentals

  • API report
    • Tomor­row
  • EIA report
    • Wednes­day

Intra­day Tech­ni­cal Analysis

  • HTF
    • Define con­text
      • Where were the overnight highs and lows and PVA?
        • High 57.804
        • PVAH 57.305
        • PPOC 56.833
        • PVAL 56.443
        • Low 56.330
      • Where is the LIS?
        • PVAH area
      • What didn’t happen?
        • No hard HTF200MABO rather a hard reject fol­lowed by small PA that crossed the 200MA
      • 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?
          • We crossed out of HTF R resis­tance pos­si­ble fol­low-through on move how­ev­er be open for a move back in
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • HTF200MACAS
    • What has the Asian Ses­sion printed?
      • HTF VWAP PB and PA moved back into HTF KC

Trade Idea

  • Hypo 1 Long
    • HTF200MACAS
    • Entry around 57.50
    • Tar­gets 56.70
  • Hypo 2 Short
    • TTFUKCCAR
    • Entry around 57.70
    • Tar­gets 57.50
  • Hypo 3 Rota­tion­al 57.50 — 57.80

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? 
    • 17:05
      • TTF R Over­bought after a HM move up, now back into KC
      • HTF has bro­ken out from HTF R resis­tance it seems, so pos­si­ble con­tin­u­a­tion on HTF UT
      • TTF R AD above 50MA/HTF VWAP
    • 17:35
      • Pos­si­ble TTF Over­sold that is at HTF 50MA (which is cross­ing up over the 200MA)
    • 18:05
      • Short term rever­sal after TTF R OVer­sold how­ev­er uncon­vinc­ing move up pos­si­ble con­tin­u­a­tion to down­side, won’t take any trades until there is more clarity
    • 18:35
      • No clar­i­ty yet. Pos­si­ble HTF50MACAS or per­haps a BD
      • Good day to doc­u­ment a HTF 50MA cross up over 200MA
    • 19:05
      • No signs of BD or rever­sal at this level
    • 19:35
      • Mar­ket has not made a move, HTF AD above 50MA

Dai­ly Report Card

Trade Idea

  • Hypo 1 Long
    • HTF200MACAS
    • Entry around 57.50
    • Tar­gets 56.70
  • Hypo 2 Short
    • TTFUKCCAR
    • Entry around 57.70
    • Tar­gets 57.50
  • Hypo 3 Rota­tion­al 57.50 — 57.80









Date:7/8/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)















Com­bined Score92











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

5Ses­sion PECS90%9Real-time analy­sis

8Hypos1/110Setups Iden­ti­fied (inc. TEST)

10Trad­ing the process1/110Setups tak­en

10Dai­ly review0/110Erro­neous Entries

10Progress tow. week­ly goal0/110Erro­neous Exits

43Total
49








  • 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. Focussing on tak­ing less trades even for the exper­i­men­tal ones and changed my log­ging for­mat a bit in a more quan­ti­ta­tive way. 
  • Review
    • Had one real trade idea and took it. 
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo 2 — 80% 
      • The move turned out to be more over­bought then a CAR
    • Real-time analy­sis
      • Did fair­ly OK here. 
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • P: Thought I wouldn’t be this tired but I am. Took extra caution.
    • E: Did well here.
    • CS: At times it was hard to con­cen­trate because of being tired but I did well to fol­low my plan.
  • Positive(s)
    • Did well to stay com­posed even though being a bit tired.
  • Negative(s)
    • Even though I felt fine in the morn­ing and ear­ly after­noon I start­ed to feel tired dur­ing the ses­sion. I’ve logged in my jour­nal about this.

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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