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16072019 Tuesday — Trade Plan & Journal - Bear Market Trader
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16072019 Tuesday — Trade Plan & Journal

16072019 Tuesday — Trade Plan & Journal

16072019 Tues­day — 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
    • Start fol­low­ing my health plan. Start­ing today. 
    • Watch screen record­ing videos every day
  • 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. Espe­cial­ly after get­ting some good news. Slept well last night. I think I might have slept a lit­tle too much since I got up grog­gy and I felt as if I could have got­ten up ear­li­er since I was in light sleep towards the end. I will lim­it my sleep, always, to max 8 hours. Maybe between 7 and half and 8.
  • 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

  • HHTF
    • Return back into KC after we had a HHTF R Over­bought situation
  • HTF
    • Prev. High 60.942
    • PVAH 60.611
    • PPOC 60.225
    • PVAL 59.912
    • Prev. Low 59.286
    • HTF made a move that looked like the start of a DT but how­ev­er PA below KC was small and inde­ci­sive and we returned back into KC dur­ing today’s AS
  • TTF
    • What has the Asian Ses­sion printed?
      • Check HTF
      • A steady messy TTF UT towards 200MA
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • TTF200MACAR which would be near the HTF50MACAR @ 2.0 SD

Trade Idea

  • Hypo 1Short
    • TTF200MABO to HTF50MACAR
    • Entry around 59.90
    • Tar­gets 59.50, 59.30, extend­ed tar­get 58.70
  • Hypo 2 Long
    • TTF200MABO
    • Entry around 59.90
    • Tar­gets 60.10, 60.35
  • Hyp 3 Short
    • HTF50MACAR — TTF200MACAR
    • Entry around 59.70
    • Tar­gets 59.50, 59.30, extend­ed tar­get 58.70

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. 

Read­ing the Tape

  • What is printing? 
    • Pos­si­ble HTF 50/200MACAR as part of a HHTF PB to UKC before con­tin­u­ing down, TTF200MABO attempt, LTF R 200MABO attempt
    • The remain­der of the ses­sion devel­oped like a HTF50MBO attempt which could poten­tial­ly be a fake. I’ve seen this pat­tern before and now I know in what con­text to place this TTF pattern.

Dai­ly Report Card

Trade Idea

  • Hypo 1Short
    • TTF200MABO to HTF50MACAR
    • Entry around 59.90
    • Tar­gets 59.50, 59.30, extend­ed tar­get 58.70
  • Hypo 2 Long
    • TTF200MABO
    • Entry around 59.90
    • Tar­gets 60.10, 60.35
  • Hyp 3 Short
    • HTF50MACAR — TTF200MACAR
    • Entry around 59.70
    • Tar­gets 59.50, 59.30, extend­ed tar­get 58.70









Date:7/16/2019Week­ly 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. 
  • Review
TradeEntry ErrorsExit ErrorsType TradeSiz­ingRea­son to coverProb­lemPro­posed solution
1--(exper­i­men­tal) TTF R Overbought5ScratchedLost con­fi­dence in set­up, was sec­ond-guess­ing myself and decid­ed I was just hop­ing so got out--
  • Lost con­fi­dence in set­up because HTF nar­ra­tive was con­tra­dict­ing the short I was in and decid­ed since I was sec­ond-guess­ing myself I had lost my con­fi­dence and thus scratched the posi­tion. The trade actu­al­ly lit­tle lat­er went in my favor but I decid­ed not to get back in out of FOMO since I had also lost my best entry as well as still being uncer­tain about the narrative.
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo 1 — 100%
      • I did well here.
    • Real-time analy­sis — 90%
      • I did well here although not too con­fi­dent about the pat­tern I start­ed sec­ond-guess­ing myself a bit so thought to return to be the sci­en­tist and just gath­er data. Which I did. There will be anoth­er oppor­tu­ni­ty for me to slay this beast. 
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • P: Did well here. Slept long enough even though I went to bed lat­er than usual.
    • E: Did well here even though I felt like tak­ing a trade on every turn I decid­ed not to.
    • CS: Did well here as well. 
  • What’s one thing you learned today?
    • That mar­ket nar­ra­tive pat­terns hap­pen over and over and I need more cycles to go through them as well as review and replay these to gain more con­fi­dence in trad­ing them. 
  • Positive(s)
    • Did well to back off after not hav­ing enough clar­i­ty on the narrative.

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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