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09072019 Tuesday — Trade Plan & Journal

09072019 Tuesday — Trade Plan & Journal

09072019 Tues­day — 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 negativeMonTue
-8/79/7
Time bed yesterday0:360:48
woke up8:189:11
Hours sleep7:428:23
Accord­ing to Fitbit6:387:08
Awake1:041:15
Times awake39x31x
REM0:360:47
Light4:494:51
Deep1:131:30
Sleep well?44
Sleep Aid?nono
Alco­hol yesterday?03 beers
Wore Fit­bit?yesyes
Per­formed Dai­ly Tasks?yesyes
Per­formed Health Tasks?nono
Exer­cise yesterday?nono
Cof­fees yesterday22
Inter­mit­tent fastingnono
Water L22
Vit­a­minsnono
Cig­a­rettes33
  • Week­ly goal
    • Fol­low health plan
      • Failed yes­ter­day by sleep­ing too late and hav­ing 3 beers
  • 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 that I slept long enough and good to go
  • 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
    • Com­ing out today
  • EIA report
    • Com­ing out tomorrow

Intra­day Tech­ni­cal Analysis

  • HTF
    • Define con­text
      • Where were the overnight highs and lows and PVA?
        • High 58.489
        • PVAH 57.906
        • PPOC 57.613
        • PVAL 57.435
        • Low 57.342
      • Where is the LIS?
        • PPOC Area
      • What didn’t happen?
        • No HTF50MABO in line with poten­tial HHTF roll over
      • 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?
          • Bal­anc­ing on HHTF, HTF still above 200
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • TTF200MACAR
    • What has the Asian Ses­sion printed?
      • Small PA LTF R

Trade Idea

  • Hypo 1 Short
    • HTF50MACAR/TTF200MACAR
    • Entry around 57.55
    • Tar­gets 57.30, 57.15, extend­ed 57.05, 56.50
  • Hypo 2 Long
    • HTFLKCCAS
    • Entry around 57.25
    • Tar­gets 57.60
  • Hypo 3 Long
    • TTF200MABO
    • Entry around 57.70
    • Tar­gets 58.05, 58.20

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
      • PA a much faster than usual
      • Spread 48
    • 16:35
      • HTF AD going on below 50MA, mar­ket has made some fake moves, TTF R AD in process
    • 17:05
      • Shot to HTFUKC, PA still fast, 
    • 17:35
      • Momen­tum died off, return to TTF UKC pos­si­ble re-entry KC
    • 18:05
      • Con­tin­u­a­tion to the move bounce off TTF UKC as part of HHTF50MABO / HTFUKCBO attempt
    • 18:35
      • Run into resis­tance at HTFUKC, TTF retrace­ment cross down 1.0 SD momen­tum dying off
    • 19:05
      • Retrace­ment back to TTF UKC pos­si­ble influx of bulls com­ing but no signs of that yet

Trades tak­en

P/L ticksTradeEntry ErrorsExit ErrorsType TradeSiz­ingRea­son to coverProb­lemPro­posed solution
-13.5100TTF R LKC BD1SO--
6.1200TTF R 50MACAR1scratched--
-5.3300TTF R 50MACAR2scratched--
5.4400TTF U TC @ UKC4/5TPTP @ HTF UKC-
1.91/5scratchedno con­tin­u­a­tion to move after TP-

Dai­ly Report Card

Trade Idea

  • Hypo 1 Short
    • HTF50MACAR/TTF200MACAR
    • Entry around 57.55
    • Tar­gets 57.30, 57.15, extend­ed 57.05, 56.50
  • Hypo 2 Long
    • HTFLKCCAS
    • Entry around 57.25
    • Tar­gets 57.60
  • Hypo 3 Long
    • TTF200MABO
    • Entry around 57.70
    • Tar­gets 58.05









Date:7/9/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)















Com­bined Score96











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

8Ses­sion PECS90%9Real-time analy­sis

9Hypos1/110Setups Iden­ti­fied (inc. TEST)

10Mar­ket Prep1/110Setups tak­en

10Dai­ly review0/110Erro­neous Entries

10Progress tow. week­ly goal0/110Erro­neous Exits

47Total
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. 
  • Review
    • In the begin­ning of the ses­sion I was slight­ly more short-biased but after see­ing the nar­ra­tive push­ing long I quick­ly changed gears. Did well here.
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo 3 — 90%
      • Did well here
    • Real-time analy­sis — 90%
      • Begin­ning of the ses­sion I was short-biased but quick­ly changed gears. Also, imple­ment­ed a time mark after which I am allowed to trade. Before this time I should have a real­ly good rea­son for putting on risk unless I have true clar­i­ty in narrative.
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • P: Did OK here. Last few days feel a bit under the weath­er it seems but not too bad
    • E: Did great here
    • CS: Even though feel­ing a bit less sharp today I did well here. Kept read­ing the nar­ra­tive and let it lead.
  • Positive(s)
    • Learned more about mar­ket con­text and went with the flow of the market.
    • Switched gears when bias changed plus added size

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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