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09082019 Friday — Trade Plan & Journal

09082019 Friday — Trade Plan & Journal

09082019 Fri­day — 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
  • R = Range
  • LTF = Low­er Time Frame
  • TTF = Trad­ing Time Frame
  • HTF = High­er Time Frame
  • HHTF = High­er High Time Frame
  • Hypo = HYPOthetical
  • AD = Accu­mu­la­tion Distribution

Health review

  • Week­ly goal
    • No rice and noo­dles except for the first meal
  • 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 even though I feel like I didn’t sleep too well. 
  • How would you rate it (1–5)? 1/2 = don’t trade 3= quar­ter posi­tion 1st 12 2nd 2, 4= half posi­tion = 1st 25 2nd 5, 5= full posi­tion = 1st 50 2nd 10
    • 5= full posi­tion = 1st 50 2nd 10

Mar­ket Prep

Intra­day Tech­ni­cal Analysis

  • HHTF
    • What is the mar­ket narrative?
      • HHTF D TT 1.0 SD CAS
  • HTF
    • Lev­els
      • Prev. High 52.983
      • PVAH 52.686
      • PPOC 52.486
      • PVAL 52.161
      • Prev. Low 51.826
    • What is the mar­ket nar­ra­tive and bias?
      • HTF Squeeze show­ing bounces pos­si­ble sup­port at the base of the bounces, trade idea inval­i­dat­ed with breach of the same level
      • Long biased because of the bounces
  • TTF
    • Does the Asian ses­sion show clues that align with mar­ket narrative?
      • Exhaust­ed TTF R 200MABDF pos­si­bil­i­ty for upside from here on

Trade Idea

  • Hypo 1 Long
    • HTF Squeeze 1.5 SD CAS
    • Entry around 52.50
    • Tar­gets 52.70, 52.90,  53.20
  • Hypo 2 Short
    • HTF Squeeze BD
    • Entry around 52.10
    • Tar­gets 51.90, 51.60
  • Hypo 3 Rotational
    • 52.20 — 52.90

My goals for the day (Dai­ly Report Card)

  • Define win­ning
    • Only trade A/A+ trade ideas
    • For­ward test exper­i­men­tal trades

Read­ing the Tape

  • What is printing? 
    • 17:05
      • HTF
        • What is the mar­ket narrative?
          • HTF Squeeze CAR area
      • TTF
        • TTF R Over­bought posi­tion pos­si­ble reversal
      • Bias
        • Short on short-term but need more confirmation
      • Oppor­tu­ni­ty (if any)
        • What set­up am I going to stalk?
          • TTF R over­bought VWAP BD
    • 17:35
      • HTF
        • What is the mar­ket narrative?
          • Same
      • TTF
        • I’ve seen this pat­tern before and if I remem­ber cor­rect­ly (which I vague­ly do) this is going to have some more upside pos­si­ble BO from HTF UKC
      • Bias
        • Long
      • Oppor­tu­ni­ty (if any)
        • What set­up am I going to stalk?
    • 18:05
      • HTF
        • What is the mar­ket narrative?
          • Same but since we haven’t real­ly test­ed sup­port it looks like more upside from here
      • TTF
        • TTF R AD in Over­bought posi­tion with pos­si­ble U TC at VWAP
        • Since I am not entire­ly sure about this par­tic­u­lar nar­ra­tive I am going to doc­u­ment the ses­sion and stay out of any trades unless 90% con­fir­ma­tion of move
      • Bias
        • Long
      • Oppor­tu­ni­ty (if any)
        • What set­up am I going to stalk?
          • Stay­ing out for the moment
    • 18:35
      • HTF
        • What is the mar­ket narrative?
          • Move to HTF UKC pos­si­ble BO
      • TTF
        • TTF U TC @ VWAP with steep move up, exhaustion?
      • Bias
        • Long if there is con­tin­u­a­tion oth­er­wise a pos­si­ble HTF R UKCCAR and bias to short in that case
      • Oppor­tu­ni­ty (if any)
        • What set­up am I going to stalk?
          • Need more con­fir­ma­tion but pos­si­ble HTF R UKCCAR if we break down from 1.0 SD, but will have to wait for the back­side and not trade the front
    • 19:05
      • HTF
        • What is the mar­ket narrative?
          • HTF Squeeze BO pos­si­bly set­ting up for a PB
      • TTF
        • Dying off of momen­tum just below HTF200MA could be just a PB but we’ll see.
      • Bias
        • Long
      • Oppor­tu­ni­ty (if any)
        • What set­up am I going to stalk?
          • Pos­si­ble TTF U TC @ VWAP
    • 19:35
      • HTF
        • What is the mar­ket narrative?
          • We have the PB to HTF UKC how­ev­er TTF is show­ing a breach of VWAP and there­fore I lost con­fi­dence in more upside from here on. 
      • TTF
        • Brach VWAP gonna wait for either a BD from VWAP + PB to go short for long I am uncer­tain at this point
      • Bias
        • Not too con­vinc­ing­ly clear but slight­ly short
      • Oppor­tu­ni­ty (if any)
        • What set­up am I going to stalk?
        • HTF UKC BO +PB or HTF R Overbought

Dai­ly Report Card

Trade Idea

  • Hypo 1 Long
    • HTF Squeeze 1.5 SD CAS
    • Entry around 52.50
    • Tar­gets 52.70, 52.90,  53.20
  • Hypo 2 Short
    • HTF Squeeze BD
    • Entry around 52.10
    • Tar­gets 51.90, 51.60
  • Hypo 3 Rotational
    • 52.20 — 52.90





Dai­ly Report Card



Date:8/9/2019



Week­ly GoalExe­cute A+ / A setups



Com­bined Score100



Process Report Card (10 each)

10Ses­sion PECS

10Hypos

10Mar­ket Prep

10Dai­ly review

10Progress tow. week­ly goal

50Total






Per­for­mance Report Card (10 each)
100%10Real-time analy­sis
1/110Setups Iden­ti­fied (inc. TEST)
1/110Setups tak­en
0/110Erro­neous Entries
0/110Erro­neous Exits

50total



  • Week­ly Goal
    • Only trade A/A+ trade ideas
    • For­ward test exper­i­men­tal trades
  • Review
TradeEntry ErrorsExit ErrorsType TradeSizeRea­son to coverProb­lemPro­posed solution
---------
100HTF Squeeze CAS 1.5 SD5TPHit 2nd Target--
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo 1 — 100%
      • Did well here
    • Real-time analy­sis — 100%
      • Did well here
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • P: Did well here
    • E: Did well here
    • CS: Did well here
  • What’s one thing you learned today?
    • I learned a lot about mar­ket nar­ra­tive today. Can’t wait to go back and review
  • Positive(s)
    • I keep fol­low­ing my process and it has been work­ing well for me. Less is def­i­nite­ly MORE.
  • Negative(s)
    • I’m just gonna enjoy this win and come back tomor­row to review. 

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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