19072019 Friday — Trade Plan & Journal

19 Jul 19072019 Friday — Trade Plan & Journal

19072019 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 (for the past week)

• Week­ly goal
• 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?
• How would you rate it (1–5)? 1/2 = don’t trade 3= quar­ter posi­tion 4= half posi­tion 5= full position

Mar­ket Prep

NO MARKET PREP

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?
  • TTF R no movement

Dai­ly Report Card

No HYPOS

	Date:	7/19/2019	Week­ly Goal	Exe­cute A+ (TTF TC) / A setups (TTF NT)
	Com­bined Score	78
	Process Report Card (10 each)		Per­for­mance Report Card (10 each)
	10	Ses­sion PECS	100%	10	Real-time analy­sis
	0	Hypos	2/2	10	Setups Iden­ti­fied (inc. TEST)
	0	Mar­ket Prep	2/2	10	Setups tak­en
	10	Dai­ly review	0/2	10	Erro­neous Entries
	8	Progress tow. week­ly goal	0/2	10	Erro­neous Exits
	28	Total		50

• Week­ly Goal
  • Only trade A/A+ trade ideas
  • For­ward test exper­i­men­tal trades
• Review

Trade	Entry Errors	Exit Errors	Type Trade	Siz­ing	Rea­son to cover	Prob­lem	Pro­posed solution
1	0	0	(exper­i­men­tal) TTF50MACAR	1	SO	stopped out	-	-
2	0	0	(exper­i­men­tal) TTF R AD U NT	1	scratched	momen­tum died off	-	-
3	0	0	(exper­i­men­tal) TTF R AD U NT	1	TP	2nd trend leg took prof­it at 1.0 SD	-	-

• How accu­rate was my assess­ment of mar­ket context?
  • Hypo
    • Did not make any hypos today because I did not have any time to do my mar­ket prep
  • Real-time analy­sis
    • Did well here
• How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
  • P: Did well here 
  • E: Did well here
  • CS: Did well here
• What’s one thing you learned today?
  • That focussing on clear pat­terns is key and rest is noise. 
• Positive(s)
  • Did well to switch gears from short to long. 
• Negative(s)
  • Could not get my mar­ket prep in due to work-relat­ed engage­ment (which is OK). Even with­out a trad­ing plan for the day I stayed com­posed in try­ing to read the mar­ket narrative

Feed­back?

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