Latest Posts
Bear Market Trader | Trade Journal on day trading the WTI crude oil market
#dailyreportcard #onegoodtrade #daytrading #becomingaCPT Check out my blog for all the details on today's trading incl. trading plan and daily report card. Wanna chat? Just feel like trolling me? Get in touch.
oil, wti, crude oil, crude, day trading, daytrading, trade journal, journaling, trade plan, commodities, playbook, one good trade, becoming a CPT, consistently profitable trader,
2049
post-template-default,single,single-post,postid-2049,single-format-standard,locale-en-us,vcwb,ajax_fade,page_not_loaded,,side_area_uncovered_from_content,qode-theme-ver-9.5,hide_inital_sticky
 

12072019 Friday — Trade Plan & Journal

12072019 Friday — Trade Plan & Journal

12072019 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
  • LTF = Low­er Time Frame
  • TTF = Trad­ing Time Frame
  • HTF = High­er Time Frame
  • Hypo = HYPOthetical

Health review

5 pos­i­tive 1 negativeMonTueWedThuFri
-8/79/710/711/712/7
Time bed yesterday0:360:480:1222:450:53
woke up8:189:118:147:337:36
Hours sleep7:428:238:028:486:43
Accord­ing to Fitbit6:387:086:587:315:32
Awake1:041:151:041:171:11
Times awake39x31x28x45x29x
REM0:360:471:031:130:43
Light4:494:514:535:153:44
Deep1:131:301:021:031:05
Sleep well?44443
Sleep Aid?nonononono
Alco­hol yesterday?03 beers2 beers00
Wore Fit­bit?yesyesyesyesyes
Per­formed Dai­ly Tasks?yesyesyesyesyes
Per­formed Health Tasks?nonononono
Exer­cise yesterday?nonononono
Cof­fees yesterday22222
Inter­mit­tent fastingnonoyesnono
Water L22222
Vit­a­minsnonononono
Cig­a­rettes33101
  • Week­ly goal
    • Fol­low health plan
      • Fail­ing mis­er­ably here but get­ting enough sleep at least.
      • Not fol­low­ing reg­u­lar time to bed
  • 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 although haven’t slept close to 8 hours last night so might get tired lat­er. Will check this lat­er on.
  • 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 Tech­ni­cal Analysis

  • HTF
    • Define con­text
      • Where were the overnight highs and lows and PVA?
        • High 60.965
        • PVAH 60.848
        • PPOC 60.729
        • PVAL 60.490
        • Low 60.179
      • Where is the LIS?
        • PPOC Area
      • What didn’t happen?
        • We didn’t con­tin­ue the HTF UT
      • 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 after HTF UT
          • HHTF UT @ 1.0 SD
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • HTFUKCCAR
    • What has the Asian Ses­sion printed?
      • Hug­ging HTF50MA, TTF50MA cross up over 200MA

Trade Idea

  • Hypo 1 Rota­tion­al 60.20 — 60.70
  • Hypo 2 Short
    • HTFUKCCAR
    • Entry around 60.80
    • Tar­gets 60.50
  • Hypo 3 Long
    • TTF50MACAS
    • Entry around 60.50
    • Tar­gets 60.70, 60.90

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 Tak­en

Dai­ly Report Card

Trade Idea

  • Hypo 1 
    • TTF R 60.20 — 60.70
  • Hypo 2 Short
    • HTFUKCCAR
    • Entry around 60.80
    • Tar­gets 60.50
  • Hypo 3 Long
    • TTF50MACAS
    • Entry around 60.50
    • Tar­gets 60.70, 60.90








Date:7/12/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)















Com­bined Score93











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

8Ses­sion PECS70%7Real-time analy­sis

8Hypos1/110Setups Iden­ti­fied (inc. TEST)

10Mar­ket Prep1/110Setups tak­en

10Dai­ly review0/110Erro­neous Entries

10Progress tow. week­ly goal0/110Erro­neous Exits

46Total
47








  • 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. 
  • Review
    • The Trade idea I saw devel­op­ing that was accord­ing to my hypo 1 I trad­ed poor­ly due to my stops being based on ‘nor­mal’ mar­ket con­di­tions. Hence I got stopped out a few times on the same idea and I stopped pur­su­ing it to get a bet­ter under­stand­ing of the mar­ket con­di­tions first. This is why I have not count­ed my stops as erro­neous exits and actu­al­ly prid­ed myself to take my stops when they came and did not move them. I have doc­u­ment­ed sim­i­lar plays in my play­book which I will review this week­end. Still gonna wait and see how my trade idea devel­ops into the US ses­sion and per­haps trade it. I know that this kind of mar­ket con­text is messy to say the least but as I have seen this before there might still be an edge here and thus worth researching. 
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo 1 — 80 %
      • It was actu­al­ly a TTF R over­sold sce­nario which is inter­est­ing to see develop.
    • Real-time analy­sis
      • 70%
        • Did OK although should have put my stops wider.
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • P: Although hav­ing slept a lit­tle less than nor­mal I feel good. 
    • E: After tak­ing 3 stops I did feel a bit anx­ious to start ‘mak­ing up’ for it which to be hon­est I did try but in a more edu­cat­ed way I guess. Failed with the mak­ing up with again too tight stops. So my real-time analy­sis should go down more (just adjust­ed from 90 to 70%)
    • CS: I did fair­ly OK here
  • What’s one thing you learned today?
    • To be more patient in my assess­ment and 
  • Positive(s)
    • Backed off after 3 stops
    • Saw the move to tar­get but not nec­es­sar­i­ly ‘the route’
    • Low­ered siz­ing in con­se­quent efforts to trade the idea.
  • Negative(s)
    • Could have been more care­ful with my approach. I’ll go back and 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.

No Comments

Post A Comment