Bear Market Trader | Trade Journal on day trading the WTI crude oil market
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21052019 Tuesday — HHTF200MA area — HTF R 50MABD — TTF200MAPB

21052019 Tuesday — HHTF200MA area — HTF R 50MABD — TTF200MAPB

21052019 Tues­day — HHTF200MA area — HTF R 50MABD — TTF200MAPB

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
    • Lose 2KG, eat less rice, noo­dles, etc.
  • How do you feel?
    • I feel good. Should have slept a lit­tle more though. 
  • How would you rate it (1–5)?
    • 4

Mar­ket Prep

Intra­day Fundamentals

  • API report
    • Next release today Tues­day, May 21st
  • EIA report
    • Next release tomor­row Wednes­day, May 22nd

Intra­day Tech­ni­cal Analysis

  • HTF
    • Define con­text
      • Where were the overnight highs and lows and PVA?
        • High 63.945
        • PVAH 63.528
        • PPOC 63.229
        • PVAL 62.785
        • Low 62.591
      • Where is the LIS?
        • PPOC area
      • What didn’t happen?
        • We didn’t BD from Prev Low and mar­ket is still balancing
      • 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?
          • Mar­ket is bal­anc­ing between 62.60 and 63.80 areas and has not made a move yet
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
    • What has the Asian Ses­sion printed?
      • TTF kin­da flat­ten­ing fol­low­ing VWAP / 50MA

Trade Idea (not much clarity)

  • Hypo 1 Long
    • PVAHBO
    • Entry 63.60
    • Tar­gets 63.85
  • Hypo 2 Long
    • Entry around 63.35
    • Tar­gets 63.75
  • Hypo 3 Short
    • PPOCBD
    • Entry around 63.15
    • Tar­gets 62.85

My goals for the day (Dai­ly Report Card)

  • Define win­ning
    • Only take A+ (TTF TC) and A (TTF NT) setups to build a track record to ana­lyze later

Read­ing the Tape

  • What is printing? 
    • 16:35
      • TTF A/D going on between TTF50 and 200MA
    • 17:05
      • TTF200MAPB pos­si­ble HTF50MABD
    • 17:35
      • Price moved back up to TTF200MA and formed a pos­si­ble rever­sal can­dle at HTF50MA and thus might be reversing

Trade Man­age­ment

Explain what trade you put on (include price, SL, TP) and what your thoughts are dur­ing the trade

  • T1 (exper­i­men­tal 2nd account)
    • Why? What do I see?
      • HTF
        • Pos­si­ble HTF50MABD
      • TTF
        • TTF200MAPB
        • Entry 10 @ 63.32
      • LTF
        • LTF TC @ VWAP LKC area
    • SL
      • TP
        • Trade Man­age­ment
          • Cov­ered at 63.27 because it didn’t drop fast enough and formed a rever­sal candle

      Dai­ly Report Card

      Trade Idea (not much clarity)

      • Hypo 1 Long
        • PVAHBO
        • Entry 63.60
        • Tar­gets 63.85
      • Hypo 2 Long
        • PPOCCAS
        • Entry around 63.35
        • Tar­gets 63.75
      • Hypo 3 Short
        • PPOCBD
        • Entry around 63.15
        • Tar­gets 62.85

      Date:5/21/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)

      Com­bined Score98

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

      9Ses­sion PECS100%10Real-time analy­sis

      9Hypos0/010Setups Iden­ti­fied

      10Trad­ing the process0/010Setups tak­en

      10Dai­ly review010Erro­neous Entries

      10Progress toward Week­ly goal010Erro­neous Exits


      • Week­ly Goal
        • Only take A+ (TTF TC) and A (TTF NT) setups to build a track record to ana­lyze later
      • Review
        • I didn’t see my setups come by but it was a good day to learn 
      Entry ErrorsExit ErrorsType TradeMis­takes (if any)Siz­ingHit Tar­get?Rea­son to coverProb­lemPro­posed solution
      00LTF TC / TTF200MACAR-10-Did­n’t drop fast enough + rever­sal candle--
      • How accu­rate was my assess­ment of mar­ket context?
        • Hypo 2 — 90%
        • Real-time analy­sis was on point. I noticed that price wasn’t behav­ing in a way accord­ing to how I take my setups so I was extra cau­tious. When we had a TTF200MABD I took an exper­i­men­tal trade on my 2nd account but when I real­ized there was no con­tin­u­a­tion to the move I quick­ly covered.
      • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
        • I did well here even though I have not been the fittest these last days. No excuses. 
      • What’s one thing you learned today?
        • This was some­thing that I had been think­ing of before. I had tak­en over DRC details from oth­ers in the com­mu­ni­ty but cer­tain details I always had con­fu­sion about so I changed it to detail specifics I am cur­rent­ly track­ing. I’ll try this for­mat out for a while and see how this suits me (thanks Edward).
      • What’s one thing I need to do more often?
        • Be more patient and gath­er ‘clues’ to what the mar­ket con­text is try­ing to tell me before I hop on. 
      • What’s one thing I need to do less often?
        • Let social life inter­fere with trad­ing. Apps off. 


      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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