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10072019 Wednesday — Trade Plan & Journal - Bear Market Trader
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10072019 Wednesday — Trade Plan & Journal

10072019 Wednesday — Trade Plan & Journal

10072019 Wednes­day — 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 negativeMonTueWed
-8/79/710/7
Time bed yesterday0:360:480:12
woke up8:189:118:14
Hours sleep7:428:238:02
Accord­ing to Fitbit6:387:086:58
Awake1:041:151:04
Times awake39x31x28x
REM0:360:471:03
Light4:494:514:53
Deep1:131:301:02
Sleep well?444
Sleep Aid?nonono
Alco­hol yesterday?03 beers2 beers
Wore Fit­bit?yesyesyes
Per­formed Dai­ly Tasks?yesyesyes
Per­formed Health Tasks?nonono
Exer­cise yesterday?nonono
Cof­fees yesterday222
Inter­mit­tent fastingnonoyes
Water L222
Vit­a­minsnonono
Cig­a­rettes331
  • Week­ly goal
    • Fol­low health plan
      • Failed again. I am con­scious of it though. I always start like this where I plan for it, then get con­scious of it. Then take action. Then quit. This last one is where I should make a change. 
  • 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. Bet­ter than the last few days. 
  • 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
    • Lat­est Release Jul 09, 2019
    • Actu­al ‑8.129M
    • Pre­vi­ous ‑5.000M
  • EIA report
    • Today
    • Fore­cast ‑3.081M

Intra­day Tech­ni­cal Analysis

  • HTF
    • Define con­text
      • Where were the overnight highs and lows and PVA?
        • High 58.727
        • PVAH 57.963
        • PPOC 57.500
        • PVAL 57.418
        • Low 57.373
      • Where is the LIS?
        • PVAH area
      • What didn’t happen?
        • We didn’t stay under 58 lev­el and are look­ing to test 59.50 area
      • 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?
          • Above HTF UKC 
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • HTF U TC @ UKC
      • HTFUKCBD
    • What has the Asian Ses­sion printed?
      • Fade move down after we had a HTFUKCBO dur­ing the last hour of the overnight ses­sion fol­low­ing the HTF 1.0 SD but look­ing as if los­ing momentum

Trade Idea

  • Hypo 1 Long
    • HTF U TC @ UKC
    • Entry around 58.65
    • Tar­gets 58.95, 59.35
  • Hypo 2 Short
    • HTFUKCBD
    • Entry around 58.60
    • Tar­gets 58.35
  • Hypo 3 Rota­tion­al 58.40 — 58.85

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. 

Trades

P/L ticksTradeEntry ErrorsExit ErrorsType TradeSiz­ingRea­son to coverProb­lemPro­posed solution
-16.3101TTF U TC @ UKC (hyper­bol­ic)1SObroke 1.0SDMoved stopIt’s OK to have sev­er­al tries at 1 trade idea. Take your stop and then re-enter if need be.
-13.5210TTF U TC @ UKC2SObroke 1.0SDFOMOEntered the trade out of FOMO. Should have wait­ed for a move back to TTF UKC before look­ing to enter
14.4300TTF U TC @ UKC1/2Hit Tar­getnear HHTF UKC--
1900TTF U TC @ UKC1/2Hit Tar­getnear HHTF UKC--
3.100TTF U TC @ UKC2TPtook some risk off and gained prof­it think­ing it would drop again so I could add if it still looked bullish--

Dai­ly Report Card

Trade Idea

  • Hypo 1 Long
    • HTF U TC @ UKC
    • Entry around 58.65
    • Tar­gets 58.95, 59.35
  • Hypo 2 Short
    • HTFUKCBD
    • Entry around 58.60
    • Tar­gets 58.35
  • Hypo 3 Rota­tion­al 58.40 — 58.85









Date:7/10/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)















Com­bined Score100











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

10Ses­sion PECS100%10Real-time analy­sis

10Hypos1/110Setups Iden­ti­fied (inc. TEST)

10Mar­ket Prep1/110Setups tak­en

10Dai­ly review0/110Erro­neous Entries

10Progress tow. week­ly goal0/110Erro­neous Exits

50Total
50








  • 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. 
      • I did well here. Although my A/A+ setups don’t arise under these mar­ket con­di­tions, it has been good trad­ing on my 2nd account with exper­i­men­tal trades.
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo 1 — 100%
      • Did well here
    • Real-time analy­sis — 100%
      • Took exper­i­men­tal trades around 1 trade idea. Did well to see the nar­ra­tive and trad­ed around it. 
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • P: Did well here. Slept enough last night and my ener­gy lev­el was good through­out the session.
    • E: Did well here. 
    • CS: Did well here as well. 
  • What’s one thing you learned today?
    • Con­firm­ing that I’m a pat­tern based trad­er above all. My tech­ni­cal lev­els give me my ori­en­ta­tion around that pattern.
  • Positive(s)
    • Did well to start off with small­er siz­ing to ‘test the waters’ and then to size up (but with­out exceed­ing my siz­ing rules)
    • Had good clar­i­ty after I saw the pat­tern. Again this hap­pened after the open­ing range which I worked into my trad­ing plan.

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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