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

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

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.