Bear Market Trader | Trade Journal on day trading the WTI crude oil market
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17072019 Wednesday — Trade Plan & Journal

17072019 Wednesday — Trade Plan & Journal

17072019 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 (for the past week)

  • Week­ly goal
    • Fol­low health plan
    • Per­form dai­ly tasks
  • 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 slept 7.5 horus last night. I feel OK but not optimal. 
  • How would you rate it (1–5)? 1/2 = don’t trade 3= quar­ter posi­tion 4= half posi­tion 5= full position
    • 4

Mar­ket Prep

Intra­day Tech­ni­cal Analysis

  • HHTF
    • Yesterday’s trade idea played out bet­ter than I thought and we had a HHTFUKCCAR into HHTF50MABD
  • HTF
    • Prev. High 60.159
    • PVAH 60.159
    • PPOC 59.520
    • PVAL 58.170
    • Prev. Low 57.157
    • HTF DT how­ev­er after such a steep drop we have small PA mov­ing lat­er­al­ly above 1.0 SD indi­cat­ing a poten­tial shift in sen­ti­ment again
  • TTF
    • What has the Asian Ses­sion printed?
      • Lat­er­al small PA move to HTF VWAP let’s see how the mar­ket reacts to this POI based on this we could enhance our bias to the up- or downside
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • HTF D TT @ VWAP

Trade Idea

  • Hypo 1 Rotational
    • TTF R 57.50 — 57.90
  • Hypo 2 Long
    • HTF D TT @ VWAP
    • Entry around 57.85
    • Tar­gets 58.10
  • Hypo 3 Short
    • Entry around 58.05
    • Tar­gets 57.70, 57.40, extend­ed tar­get 56.50

My goals for the day (Dai­ly Report Card)

  • Define win­ning
    • Only trade A/A+ trade ideas
    • For­ward test exper­i­men­tal trades

Read­ing the Tape

  • What is printing? 

Dai­ly Report Card

Trade Idea

  • Hypo 1 Rotational
    • TTF R 57.50 — 57.90
  • Hypo 2 Long
    • HTF D TT @ VWAP
    • Entry around 57.85
    • Tar­gets 58.10
  • Hypo 3 Short
    • Entry around 58.05
    • Tar­gets 57.70, 57.40, extend­ed tar­get 56.50

Date:7/17/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)

Com­bined Score85

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

8Ses­sion PECS100%10Real-time analy­sis

9Hypos1/110Setups Iden­ti­fied (inc. TEST)

10Mar­ket Prep1/110Setups tak­en

10Dai­ly review1/10Erro­neous Entries

8Progress tow. week­ly goal0/110Erro­neous Exits


  • Week­ly Goal
    • Only trade A/A+ trade ideas
    • For­ward test exper­i­men­tal trades
  • Review
TradeEntry ErrorsExit ErrorsType TradeSiz­ingRea­son to coverProb­lemPro­posed solution
100(Exper­i­men­tal) TTF50CAS1Hit Tar­get@ TTF200MA--
210(Exper­i­men­tal) TTF50CAS2Hit Tar­get@TTF50MAFOMOStill learn­ing more about this par­tic­u­lar set­up / trade idea, have tak­en notes and will rewatch the video + write PB
300(Exper­i­men­tal) TTF50CAS2Scratchedwhen PA did not move quick­ly in my favor I scratched it.--
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo 2 — 90%
      • Set tar­get to go to 58.10 but went 58.30, not too big of a deal since I nailed the nar­ra­tive but still
    • Real-time analy­sis — 100%
      • Did well here.
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • P: Did well here. Even though I slept slight­ly less than usu­al and felt grog­gy in the morn­ing I had decid­ed to only trade half size. 
    • E: Did well here. 
    • CS: Did well here. Stayed calm and collected.
  • What’s one thing you learned today?
    • To trust my trade ideas. 
  • Positive(s)
    • Did well to rec­og­nize and trade the narrative
    • Did real­ly well on my first trade but feel as if I should have stayed in the trade longer but I took my first tar­get and looked for anoth­er entry. 
  • Negative(s)
    • 1 trade I took out of FOMO and did not enter at a good R/R lev­el. I know that if I would have I would not have spent as much men­tal cap­i­tal to wait for the mar­ket to go in my favor. The best entries are those that bring you to breakeven quick­ly and then some and you can sit calm­ly to wait for the move to play out. 
  • Com­ments
    • Changed Progress towards week­ly goal to incor­po­rate half for health task half for dai­ly tasks


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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