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20062019 Thursday — Trade Plan & Journal

20062019 Thursday — Trade Plan & Journal

20062019 Thurs­day — 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.
      • I’m fail­ing here. I was gonna skip din­ner yes­ter­day but end­ed up still eat­ing lat­er on. 
  • How do you feel?
    • I feel good even though I slept less than usual. 
  • How would you rate it (1–5)?
    • 4

Mar­ket Prep

Intra­day Fundamentals

  • API report
    • Lat­est Release     Jun 18, 2019
    • Actu­al            ‑0.812M
    • Pre­vi­ous        4.850M
  • EIA report
    • Lat­est Release    Jun 19, 2019
    • Actu­al            ‑3.106M
    • Fore­cast        ‑1.077M
    • Pre­vi­ous        2.206M

Intra­day Tech­ni­cal Analysis

  • HTF
    • Define con­text
      • Where were the overnight highs and lows and PVA?
        • High    54.617
        • PVAH    54.397
        • PPOC    54.264
        • PVAL    53.903
        • Low    53.488
      • Where is the LIS?
        • Prev High area
      • What didn’t happen?
        • Con­tin­ue the HTF UT instead we flipped into a short term HTF R
      • 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 with pos­si­ble delayed con­tin­u­a­tion of HTF UT
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • HTF50MACAS
    • What has the Asian Ses­sion printed?
      • HTFUKCBOF but still above 1.0SD how­ev­er signs of weak­en­ing momen­tum on the short-term still bull­ish on medi­um- and long-term

Trade Idea

  • Hypo 1 Long
    • TTF200MACAS
    • Entry around 54.60
    • Tar­gets 54.90, extend­ed 55.20, 55.80
  • Hypo 2 Rota­tion­al 54.30 — 54.90
  • Hypo 3 Short
    • TTFLKCBD
    • Entry around 54.55
    • Tar­gets 54.30, extend­ed 53.90

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? 
    • 16:05
      • Pos­si­ble Spike move over HTFUKC with rever­sal on horizon
    • 16:35
      • HTFUKCPB (as part of a pos­si­ble HHTFUKCBO or a F) but not entire­ly con­fi­dent in a con­tin­u­a­tion of the move, pos­si­ble rollover
    • 17:05
      • Attempt to push high­er but looks like bulls might be run­ning out of air how­ev­er TTF still shows PB after run up to stay above 1.0SD will wait for a BD if none then still bull­ish on the market
    • 17:35
      • Price still creep­ing up fol­low­ing TTFUKC but KC widen­ing so will prob­a­bly not take any trades since I’m not too sure what’s going on. 
    • 18:05
      • Move to TTF50MA but no sign of CAS or BD yet
    • 18:35
      • No sign of high momen­tum move so still uncertain
    • 19:05
      • TTF50MACAS how­ev­er messy posi­tion­ing. I’ve seen HHTF moves be more messy before. 
    • 19:35
      • TTF50MACAS +nshot up and over TTFUKC

Dai­ly Report Card

Trade Idea

  • Hypo 1 Long
    • TTF200MACAS
    • Entry around 54.60
    • Tar­gets 54.90, extend­ed 55.20, 55.80
  • Hypo 2 Rota­tion­al 54.30 — 54.90
  • Hypo 3 Short
    • TTFLKCBD
    • Entry around 54.55
    • Tar­gets 54.30, extend­ed 53.90









Date:6/20/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)















Com­bined Score88











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

7Ses­sion PECS100%10Real-time analy­sis

1Hypos2/210Setups Iden­ti­fied (inc. TEST)

10Trad­ing the process2/210Setups tak­en

10Dai­ly review0/210Erro­neous Entries

10Progress tow. week­ly goal0/210Erro­neous Exits

38Total
50








  • 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
      • I did well here. Took real­ly small size in exper­i­men­tal trades.
  • Review


Psy­chol­o­gy Journal
P/L ticksTradeEntry ErrorsExit ErrorsType TradeSiz­ingRea­son to coverProb­lemPro­posed solution
-9.7100(test) TTFUKCCAR1SOmove above tech lev­el so covered--
-4.3200(test) TTF50MACASone from 2scratched halfwe crossed a tech lev­el so scratched half to see what would hap­pen with the rest since PA was­n’t behav­ing like ‘nor­mal’--
5.7200(test) TTF50MACASone from 2scratched halfcov­ered when I saw momen­tum die off--
  • Should have let the 2nd trade devel­op and could have pock­et­ed 35+ ticks
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo 1 — 10%
      • In hind­sight I lacked the clar­i­ty to see this move
    • Real-time analy­sis
      • Did well here and it was a good day to play around with some exper­i­men­tal trades that I’m track­ing on my 2nd account
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • P: Slept an hour less than normal
    • E: I felt like tak­ing a lot of trades but did well to con­trol my emo­tions and try to focus on points of inter­est and not take risk based on emotion
    • CS: I did well here even though I slept an hour less than normal
  • What’s one thing you learned today?
    • Learn­ing more about mar­ket con­text and pat­terns I see hap­pen on all my time frames which is a good con­fir­ma­tion of the valid­i­ty of them
  • What’s one thing I need to do more often?
    • Keep being sci­en­tif­ic about this. Gath­er data and work probabilities
  • What’s one thing I need to do less often?
    • Try and have my progress go faster than it’s going. I have a good process to progress in this field. Does it still need work?! Hell yeah it does, but one step at a time. This is my path. I walk it like only I can do it 🙂 

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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