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10062019 Monday — Trade Plan

10062019 Monday — Trade Plan

10062019 Mon­day — Trade Plan

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
    • Eat less carbs. Have been over­do­ing it late­ly. Need to watch it. 
  • How do you feel?
    • I feel good.
  • How would you rate it (1–5)?
    • 4

Mar­ket Prep

Intra­day Fundamentals

  • API report
    • Tues­day, June 11th
  • EIA report
    • Wednes­day, June 12th

Intra­day Tech­ni­cal Analysis

  • HTF
    • Define con­text
      • Where were the overnight highs and lows and PVA?
        • High 54.395
        • PVAH 53.848
        • PPOC 53.351
        • PVAL 53.082
        • Low 52.670
      • Where is the LIS?
        • PVAH
      • What didn’t happen?
        • No HTF200MABD
      • 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?
          • Imbal­ance up but with the gap up begin­ning of the day we returned back into the KC and might have a short-term reversal
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • What has the Asian Ses­sion printed?
        • Gap up + gap fill

    Trade Idea (less clarity)

    • Hypo 1 Long
      • HTF U TC @ VWAP
      • Entry around 54.50
      • Tar­gets 54.80
    • Hypo 2 Short
      • HTF U TT
      • Entry around 54.30
      • Tar­gets 54.10, 53.90
    • Hypo 3 Rota­tion­al 54.15 — 54.80

    My goals for the day (Dai­ly Report Card)

    • Define win­ning
      • Dou­ble siz­ing but still have patience in only tak­ing A+ (TTF TC) and A (TTF NT) setups to build a track record to ana­lyze lat­er but be open to exper­i­ment with TTF R setups

    Read­ing the Tape

    • What is printing?
      • 16:05
        • Move to TTF UKC / HTFUKCCAR, pos­si­ble TTF R in effect, spread is wider (44), PA faster than normal 
      • 16:35
        • TTF A/R going on just below TTF200MA
      • 17:05
        • Messy PA @ below TTF200MA, there was a fake out first but look­ing like it still might drop although TTF R still in effect
      • 17:35
        • Still no drop but we’re still below TTF200MA in TTF R mode near­ing HTF50MA could be buy­ers com­ing in
      • 18:05
        • Not much going on yet. A/D still full in process just above HTF50MA
      • 18:35
        • Still noth­ing going on
      • 19:05
        • Still noth­ing going on

    Dai­ly Report Card

    Trade Idea (less clarity)

    • Hypo 1 Long
      • HTF U TC @ VWAP
      • Entry around 54.50
      • Tar­gets 54.80
    • Hypo 2 Short
      • HTF U TT
      • Entry around 54.30
      • Tar­gets 54.10, 53.90
    • Hypo 3 Rota­tion­al 54.15 — 54.80









    Date:6/10/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)















    Com­bined Score97











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

    9Ses­sion PECS100%10Real-time analy­sis

    8Hypos0/010Setups Iden­ti­fied (TEST)

    10Trad­ing the process0/010Setups tak­en

    10Dai­ly review010Erro­neous Entries

    10Progress tow. week­ly goal010Erro­neous Exits

    47Total
    50








    • Week­ly Goal
      • Size up and still only take A+ (TTF TC) and A (TTF NT) setups to build a track record to ana­lyze lat­er but be open to exper­i­ment with TTF R setups
    • Review
      • No trades tak­en today because there was no oppor­tu­ni­ty for me today. 
    Entry ErrorsExit ErrorsType TradeSiz­ingHit Tar­get?Rea­son to coverProb­lemPro­posed solutionAction
    ----------
    • How accu­rate was my assess­ment of mar­ket context?
      • Hypo 3 — 80%
        • Get­ting a bit bet­ter with the rota­tion­al hypos but still not there. 
      • Did well with real-time analy­sis. Noticed PA act­ing dif­fer­ent­ly so thought to be extra cautious.
    • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
      • Although a bit tired and not sharp I did well to not make any mis­takes trad­ing live. 
    • What’s one thing you learned today?
      • Mar­ket con­text is king.
    • What’s one thing I need to do more often?
      • Be patient for the A/A+ setups. Any­thing less is not worth it. 
    • What’s one thing I need to do less often?
      • Think I’m there. Be hum­ble and keep grinding. 

    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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