10052019 Friday – HTF R HTF Triangle – TTF R

10052019 Friday – HTF R HTF Triangle – 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
  • Don’t eat rice noodles etc.
• How do you feel?
  • I feel good but not as sharp.
• How would you rate it (1-5)?
  • 4

Market Prep

Intraday Fundamentals

• API report
  • Latest Release May 07, 2019
  • Actual 2.806M
  • Previous 6.810M
• EIA report
  • Latest Release May 08, 2019
  • Actual -3.963M
  • Forecast 1.215M
  • Previous 9.900M

Intraday Technical Analysis

• HTF
  • Define context
    • Where were the overnight highs and lows and PVA?
      • High 62.268
      • PVAH 61.924
      • PPOC 61.637
      • PVAL 61.373
      • Low 60.992
    • Where is the LIS?
      • PPOC area
    • What didn’t happen?
      • We didn’t break to new highs
    • 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 still in effect but BO more likely

• TTF
  • What trade locations among this structure would l like to get involved in that will offer me the best R/R opportunities?
    • HOLD PVAH into BO from Prev High
• LTF
  • What has the Asian Session printed?
    • AS tried breaking Prev high but then returned to PPOC in what looks like a possible rejection

Trade Idea

• Hypo 1 Long
  • HOLD PVAH into BO from Prev High
  • Entry around 62
  • Targets 62.25, 62.45, 62.90
• Hypo 2 Short
  • BD from PVAH into PPOC
  • Entry 61.80
  • Targets 61.60
• Hypo 3 Short
  • BD PVAH PPOC to PVAL
  • Entry 61.80
  • Targets 61.60, 61.40

My goals for the day (Daily Report Card)

• Define winning
  • Perform well by EXECUTING playbook setups and be happy by doing what I love and understanding that I give myself over to the randomness of the market

Reading the Tape

• What is printing?
  • 16:35
    • Drop to PVAH (which is also TTF200MA) earlier followed by a high momentum move back up to TTFUKC. Haven’t broken out yet though so.
  • 17:05
    • No TTFUKCBO. Looks like a HTF Triangle and we are in the apex now. Let’s see what the market will decide on.
  • 17:35
    • Not much going on yet.
  • 18:05
    • Small drop to TTF200MA. Possible BD. LTF showing possible LTF TC at LTF VWAP LKC.
  • 18:35
    • No TTF200MA BD. Price moved back up to TTF50MA. HTF showing longbodied candles in a range.
  • 19:05

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NO TRADES TAKEN

================================================================

Daily Report Card

Trade Idea

• Hypo 1 Long
  • HOLD PVAH into BO from Prev High
  • Entry around 62
  • Targets 62.25, 62.45, 62.90
• Hypo 2 Short
  • BD from PVAH into PPOC
  • Entry 61.80
  • Targets 61.60
• Hypo 3 Short
  • BD PVAH PPOC to PVAL
  • Entry 61.80
  • Targets 61.60, 61.40

Date:	5/10/2019	Weekly Goal	Execute Playbook setups
Combined Score	90
Process Report Card (10 each)	Performance Report Card (10 each)
8	Pre-market routines	7	Hypos
9	Session PECS	10	Real-time analysis
10	Trading the process	10	Trade selection
8	Daily review	10	Trade Execution & Mgmt.
9	Progress toward Weekly goal	9	Risk Adjusted Returns
44	Total	46

• Weekly Goal
  • Perform well by EXECUTING playbook setups and be happy by doing what I love and understanding that I give myself over to the randomness of the market
• Review
  • Didn’t see my setup so did not take any trades today.
• How accurate was my assessment of market context?
  • Not too great. It looked like Hypo 1 was gonna play out but we didn’t BO. Probably during NY session. The whole session we traded in a range between 61.90 and 62.30
• How well did I manage my physical, emotional and cognitive states?
  • I did well here.
• What’s one thing you learned today?
  • If there’s no setup don’t try and get involved anyway
• What’s one thing I need to do more often?
  • Be patient.
• What’s one thing I need to do less often?
  • Look for patterns to trade on the LTF. The TTF is my Trading Time Frame.

Feedback?

Any questions or feedback you might have please feel free to leave a comment or contact me directly.