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13062019 Thursday — Trade Plan & Journal

13062019 Thursday — Trade Plan & Journal

13062019 Thurs­day — 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 (for the past week)

  • Week­ly goal
    • Eat less carbs.
  • How do you feel?
    • I feel OK. Def­i­nite­ly not as sharp. I think sleep­ing 2 days in a row of 7.5 hours is real­ly detri­men­tal to my sharp­ness. I need my 8 hours. Although before I would be fine on less but I think it’s relat­ed to my diet as well. Will check on that. 
  • How would you rate it (1–5)?
    • 3

Mar­ket Prep

Intra­day Fundamentals

  • API report
    • Lat­est Release Jun 11, 2019
    • Actu­al 4.850M
    • Pre­vi­ous 3.545M
  • EIA report
    • Lat­est Release Jun 12, 2019
    • Actu­al 2.206M
    • Fore­cast ‑0.481M
    • Pre­vi­ous 6.771M

Intra­day Tech­ni­cal Analysis

  • HTF
    • Define con­text
      • Where were the overnight highs and lows and PVA?
        • High 53.231
        • PVAH 52.642
        • PPOC 52.038
        • PVAL 51.769
        • Low 50.912
      • Where is the LIS?
        • 51.50 area
      • What didn’t happen?
        • We didn’t break the HTF DT instead we had anoth­er leg down. 
      • 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?
          • Anoth­er leg in the DT which looks to be an exhaust­ed leg indi­cat­ing a pos­si­ble reversal
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • TTF200MABO / TTF200MACAS
    • What has the Asian Ses­sion printed?
      • A HTF HL

Trade Idea

  • Hypo 1 Short
    • TTF200MACAS
    • Entry around 51.50
    • Tar­gets 51.20
  • Hypo 2 Long
    • TTF200MABO
    • Entry around 51.75
    • Tar­gets 52.05, 52.60
  • Hypo 3 Rota­tion­al 51.10 — 51.70

My goals for the day (Dai­ly Report Card)

  • Define win­ning
    • Size up and have patience in 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

Read­ing the Tape

  • What is printing? 
    • 16:05
      • Big move up as part of HHTFLKCCAS into 50MA with a pos­si­ble con­tin­u­a­tion to the move since we haven’t ducked below VWAP yet.
    • 16:35
      • TTF VWAP cross down pos­si­ble rever­sal or PB
    • 17:05
      • Not much going on
    • 17:35
      • Not much going on
    • 18:05
      • Not much going on
    • 18:35
      • We didn’t have a TTF50MABD

Trade Man­age­ment

Explain what trade you put on (include price, SL, TP) and what your thoughts are dur­ing the trade

  • T1
    • Why? What do I see?
      • HTF
        • HTFLKCCAS
      • TTF
        • (exper­i­men­tal) TTFUKCCAR
        • Entry 10 @ 51.25
      • LTF
        • LTFVWAPBD after trend move
    • SL
      • 51.69
    • TP
      • 51.17
    • Trade Man­age­ment
      • Scratched at 51.22
  • T2
    • Look under
  • T3
    • Look under

Dai­ly Report Card

Trade Idea

  • Hypo 1 Short
    • TTF200MACAS
    • Entry around 51.50
    • Tar­gets 51.20
  • Hypo 2 Long
    • TTF200MABO
    • Entry around 51.75
    • Tar­gets 52.05, 52.60
  • Hypo 3 Rota­tion­al 51.10 — 51.70

Date:6/13/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)

Com­bined Score94

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

8Ses­sion PECS100%10Real-time analy­sis

8Hypos2/210Setups Iden­ti­fied (inc. TEST)

10Trad­ing the process2/210Setups tak­en

10Dai­ly review0/210Erro­neous Entries

8Progress tow. week­ly goal0/210Erro­neous Exits


  • Week­ly Goal
    • Size up and have patience in 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
      • Didn’t feel com­fort­able siz­ing up in A/A+ set­up because of lack in con­fi­dence and not clear read­ing of mar­ket con­text and after a loss I felt I should be more care­ful so decreased my siz­ing a bit more.
  • Review
P/L ticksEntry ErrorsExit ErrorsType TradeSiz­ingHit Tar­get?Rea­son to coverProb­lemPro­posed solutionAction
300(exper­i­men­tal) TTFUKCCAR10NOScratchedReal­ized I should not have tak­en this trade because the mar­ket con­text indi­cat­ed a pos­si­ble move up (which OMG.… happened)This was a trade I should not have tak­en because it was a low R/R trade fad­ing into a trend at a tech. levelthis was an exper­i­men­tal trade and I adjust­ed my process into defin­ing this par­tic­u­lar set­up so I can steer clear of it lat­er but bet­ter yet use it as a set­up indi­ca­tor for the big move that followedWrite PB
-1000TTF D NT10NOSOmomen­tum move in oppo­site directionShould not have tak­en this trade either because even though tech­ni­cal­ly my entry rules on TTF were valid the mar­ket con­text was­n’t, mar­ket con­text is kingtrade small­er when feel­ing tired and off — when feel­ing a 3 out of 5 use more cau­tion in sizingIncor­po­rate a siz­ing scale under health sec­tion on mar­pet prep template
4.100TTF U TC5NOScratchedPA too slow, no pick up of momentum---
  • T1: Exper­i­men­tal trade dur­ing the Asian Ses­sion see above for details
  • T2: Dur­ing EU ses­sion see above for more details
  • T3: Dur­ing EU
    • Good
      • Sized down after lack of confidence
  • How accu­rate was my assess­ment of mar­ket context?
    • HYPO 2 100% but since it hap­pened before the ses­sion start­ed I’ll give it a 80%
    • Real-time analy­sis was good
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • I was feel­ing tired today and because of that I felt less sharp. I imple­ment­ed a process to cut siz­ing when I feel like this. 
  • What’s one thing you learned today?
    • Anoth­er con­fir­ma­tion about mar­ket con­text and how it oper­ates with­in my per­spec­tive on the market.
  • What’s one thing I need to do more often?
    • Be con­fi­dent in trust­ing your own voice even if the oth­er voice that tells you dif­fer­ent is YOU 🙂 
  • What’s one thing I need to do less often?
    • I can’t be slack­ing just because I’m tired or what­ev­er. This is my life. No excus­es for slacking. 


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


Day trader. Tech geek. Sim Racing Enthusiast.

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