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18062019 Tuesday — Trade Plan & Journal

18062019 Tuesday — Trade Plan & Journal

18062019 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
    • Eat less carbs. Espe­cial­ly after my trip to Tokyo will need some bal­ance days.
  • How do you feel?
    • I feel bet­ter than yesterday
  • How would you rate it (1–5)?
    • 4

Mar­ket Prep

Intra­day Fundamentals

  • API report
    • Com­ing out today
  • EIA report
    • Tomor­row
    • Fore­cast: ‑2.033

Intra­day Tech­ni­cal Analysis

  • HTF
    • Define con­text
      • Where were the overnight highs and lows and PVA?
        • High 52.968
        • PVAH 52.694
        • PPOC 52.480
        • PVAL 52.046
        • Low 51.744
      • Where is the LIS?
        • 52.20 area
      • What didn’t happen?
        • No TTF50MA & 200MABO
      • 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 in effect still
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • TTF200MABO = HTF200MABO
    • What has the Asian Ses­sion printed?
      • Messy nar­row PA just above HTFLKC

Trade Idea

  • Hypo 1 Long
    • TTF200MABO
    • Entry around 52.25
    • Tar­gets 52.65, 52.90
  • Hypo 2 Rota­tion­al 52.95 — 52.20
  • Hypo 3 Short
    • TTF200MACAR
    • Entry around 52.05
    • Tar­gets 51.95, 51.75, 51.20

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? 
    • 15:05
      • Pos­si­ble HTFLKCCAS below TTFLKC thus pos­si­ble reversal
      • Spread wider than usu­al at 49
    • 15:35
      • TTF A/D at HTFLKC pos­si­ble absorp­tion, pos­si­bly indi­cat­ed by LTF R
    • 16:05
      • Spike up to TTF50MA but no con­fir­ma­tion of BO yet, pos­si­ble PB to VWAP for a TTF NT
    • 16:35
      • Pos­si­ble TTF200MABO
    • 17:05
      • TTF R in effect
    • 17:35
      • Stopped at TTFLKC
    • 18:05
      • Not much going on below TTF R 50MA
    • 18:35
      • HL @ TTF LKC no break down yet
    • 19:05
      • TTF R 50MABO low momen­tum pos­si­ble reversal
    • 19:35
      • NO BO from KC yet. TTF R 50MACAS + pos­si­ble 200MABO

Dai­ly Report Card

Trade Idea

  • Hypo 1 Long
    • TTF200MABO
    • Entry around 52.25
    • Tar­gets 52.65, 52.90
  • Hypo 2 Rota­tion­al 52.95 — 52.20
  • Hypo 3 Short
    • TTF200MACAR
    • Entry around 52.05
    • Tar­gets 51.95, 51.75, 51.20









Date:6/18/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)















Com­bined Score50











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

8Ses­sion PECS30%3Real-time analy­sis

9Hypos0/20Setups Iden­ti­fied (inc. TEST)

10Trad­ing the process0/20Setups tak­en

10Dai­ly review2/20Erro­neous Entries

10Progress tow. week­ly goal2/20Erro­neous Exits

47Total
3








  • 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
  • Review
P/L ticksEntry ErrorsExit ErrorsType TradeSiz­ingHit Tar­get?Rea­son to coverProb­lemPro­posed solution
-24.311(exper­i­men­tal) TTF200MABO5NOSOstopped outDid­n’t real­ize TTF R was in playCat­e­go­rize days that TTF R was in play and rewatch videos and review TTF R PB setups
-15.911(exper­i­men­tal) TTF R LKCBO5NOSOstopped out
-4.811(exper­i­men­tal TTF R LKCCAS)5NOSOstopped out
  • When T1 did not hap­pen I should have been on guard that some­thing was up. I pro­posed a solu­tion to bat­tle this for next time. 
  • How accu­rate was my assess­ment of mar­ket context?
    • HYPO 2 — 90%
      • Instead of 52.95 we rotat­ed between 51.65 and 52.20
    • Real-time analy­sis was very poor today. I give myself a bit of points for rec­og­niz­ing when my trades were not valid any­more and I took my stops.
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • I thought I was OK but not as good as usu­al, bet­ter than yes­ter­day though so didn’t trade yes­ter­day. Because I didn’t feel opti­mal today I cut my siz­ing in half.
  • What’s one thing you learned today?
    • Re-affirmed that when mar­ket con­text isn’t clear that some­thing is going on, also indi­cat­ed by A/D pat­terns + PA not fol­low­ing levels
  • What’s one thing I need to do more often?
    • Get good rest. If not, be more careful.
  • What’s one thing I need to do less often?
    • Let social life get in my way of chas­ing my dream. 

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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