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19082019 Monday — Trade Plan & Journal - Bear Market Trader
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19082019 Monday — Trade Plan & Journal

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19082019 Monday — Trade Plan & Journal

19082019 Mon­day — 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
  • R = Range
  • LTF = Low­er Time Frame
  • TTF = Trad­ing Time Frame
  • HTF = High­er Time Frame
  • HHTF = High­er High Time Frame
  • Hypo = HYPOthetical
  • AD = Accu­mu­la­tion Distribution

Health review

  • Week­ly goal
    • Eat less carbs by only eat­ing rice and noo­dles for break­fast and not lat­er on in the 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. Had a lot of sleep. 
  • How would you rate it (1–5)? 1/2 = don’t trade 3= quar­ter posi­tion 1st 12 2nd 2, 4= half posi­tion = 1st 25 2nd 5, 5= full posi­tion = 1st 50 2nd 10
    • 5= full posi­tion = 1st 50 2nd 10

Mar­ket Prep

Intraweek Fun­da­men­tals

  • API report
    • Tomor­row
  • EIA report
    • Wednes­day

Intra­day Tech­ni­cal Analysis

  • HHTF
    • What is the mar­ket narrative?
      • Pos­si­ble HHTF R in effect but we had sup­port at 50 for the last 3 trad­ing days
  • HTF
    • Lev­els
      • Prev. High 55.575
      • PVAH 55.077
      • PPOC 54.688
      • PVAL 54.487
      • Prev. Low 54.177
    • What is the mar­ket nar­ra­tive and bias?
      • TTF R in effect with lots of AD at LKC indi­cat­ing pos­si­ble BO from R, we had one run up to BO from R at UKC how­ev­er that failed and we returned back into R
      • 50 and 200 are almost flat how­ev­er slight­ly slop­ing up
  • TTF
    • Does the Asian ses­sion show clues that align with mar­ket narrative?
      • AS has been trad­ing up with medi­um PA crossed over 200 plus bounce off 200 pos­si­bly set­ting up for a BO or F into HTF UKCCAR

Trade Idea

  • Hypo 1 Short
    • HTF UKC BO F
    • Entry around 55.40
    • Tar­gets 55.20, 55.05, 54.75, 54.50
  • Hypo 2 Short
    • HTF UKCCAR
    • Entry around 55.40
    • Tar­gets 55.20, 55.05, 54.75, 54.50
  • Hypo 3 Long
    • HTF UKC BO
    • Entry around 55.550
    • Tar­gets 55.80, 56.20
  • Hypo 4 Rotational
    • 55.20 — 55.45

My goals for the day (Dai­ly Report Card)

  • Define win­ning
    • Only A/A+trade ideas based on good nar­ra­tive on 1st account (4 points)
    • Don’t wor­ry about P&L, let the trade work out based on mar­ket nar­ra­tive and have cor­rect sizing(4 points)
    • For­ward test setups on 2nd account that are aligned with trade idea (2 points)

Read­ing the Tape

  • What is printing? 
    • 16:05
      • HTF
        • What is the mar­ket narrative?
          • HTF UKC BO F
      • TTF
        • TTF R Over­bought back into KC with pos­si­ble UKCCAR
      • Bias
        • Short
      • Oppor­tu­ni­ty (if any)
        • What set­up am I going to stalk?
          • HTF UKC BO F
    • 19:05
      • HTF
        • What is the mar­ket narrative?
          • HTF R above 50
      • TTF
        • TTF R R line BO+PB to 200MA pos­si­ble CAS or BD
      • Bias
        • Unclear
      • Oppor­tu­ni­ty (if any)
        • What set­up am I going to stalk?
    • 19:35
      • HTF
        • What is the mar­ket narrative?
          • HTF R around 50M
      • TTF
        • TTF R Oversold
      • Bias
        • Unclear
      • Oppor­tu­ni­ty (if any)
        • What set­up am I going to stalk?
          • Unclear ATM

Dai­ly Report Card

Trade Idea

  • Hypo 1 Short
    • HTF UKC BO F
    • Entry around 55.40
    • Tar­gets 55.20, 55.05, 54.75, 54.50
  • Hypo 2 Short
    • HTF UKCCAR
    • Entry around 55.40
    • Tar­gets 55.20, 55.05, 54.75, 54.50
  • Hypo 3 Long
    • HTF UKC BO
    • Entry around 55.550
    • Tar­gets 55.80, 56.20
  • Hypo 4 Rotational
    • 55.20 — 55.45





Dai­ly Report Card



Date:8/19/2019



Week­ly GoalExe­cute A+ / A setups



Com­bined Score96



Process Report Card (10 each)

8Ses­sion PECS

10Hypos

10Mar­ket Prep

10Dai­ly review

8Progress tow. week­ly goal

46Total






Per­for­mance Report Card (10 each)
100%10Real-time analy­sis
1/110Setups Iden­ti­fied (inc. TEST)
1/110Setups tak­en
0/110Erro­neous Entries
0/110Erro­neous Exits

50total



  • Week­ly Goal
    • Only A/A+trade ideas based on good nar­ra­tive on 1st account (4 points)
      • Did well here
    • Don’t wor­ry about P&L, let the trade work out based on mar­ket nar­ra­tive and have cor­rect sizing(4 points)
      • Did cor­rect siz­ing how­ev­er could have let the first trade run longer. The drop that I was wait­ing for nev­er came but the small PA con­tin­ued trend­ing down
    • For­ward test setups on 2nd account that are aligned with trade idea (2 points)
      • Did well here
  • Review
P/L ticksTrade IdeaPos.Entry ErrorsExit ErrorsType TradeSizeRea­son to cover
2.611--HTF UKC BO F10TPSlow PA with no drop from tech lev­el indi­cat­ing pos­si­ble rever­sal on short term
2.422--HTF R 50MA BD10TPReal­ized the move was over based on a pat­tern that I remem­bered and cut the posi­tion off
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo 1 — 100%
      • Did well here
    • Real-time analy­sis — 100%
      • Did well here as well
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • P: Just flew in ear­li­er and I guess the trip made me more tired than I thought
    • E: Did well here
    • CS: Start­ed get­ting real­ly tired mid­way through the ses­sion and as I write now my eyes are heavy. I felt great ear­li­er and grad­ed myself to trade ful­ly. Next time I’ll take note of the fact that I have trav­eled and adjust accordingly.
  • What’s one thing you learned today?
    • I don’t always have to be in a trade. Only work the high­er prob­a­bil­i­ty oppor­tu­ni­ties and if a move hap­pens with­out me? Learn from it so I can catch it next time. I did well on that last part.
  • Positive(s)
    • Stayed out of trou­ble by focus­ing on high prob­a­bil­i­ty areas
    • Fol­lowed the mar­ket narrative
    • Did not let my low ener­gy lev­el be the excuse to make mistakes
  • Negative(s)
    • Low ener­gy

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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