21062019 Friday — Trade Plan & Journal - Bear Market Trader
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21062019 Friday — Trade Plan & Journal

21062019 Friday — Trade Plan & Journal

21062019 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
    • Only eat two meals a day
  • How do you feel? Have you recent­ly had a break of dai­ly rou­tine (like a trip)?
    • I feel good although a lit­tle tired
  • How would you rate it (1–5)? 1 = don’t trade 2/3 =half posi­tion siz­ing 4/5 = full position
    • 3 = trad­ing half my nor­mal size. Wan­na trade big­ger? Get some good fuck­ing rest!

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    57.339
        • PVAH    56.725
        • PPOC    54.669
        • PVAL    54.420
        • Low    54.308
      • Where is the LIS?
        • PVAH area
      • What didn’t happen?
        • We didn’t breach 1.0 SD and stayed well above indi­cat­ing high momen­tum behind the move although we are now at a HHTF tech lev­el pro­vid­ing resis­tance (for now)
      • 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 UT might be los­ing momen­tum and get ready for a short term reversal
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • TTF200MABD
    • What has the Asian Ses­sion printed?
      • Lots of A/D lat­er­al moves fol­lowed by a drop to TTF200MA which but then liq­uid­i­ty seems to dry up with spread wide as 55

Trade Idea

  • Hypo 1 Short
    • TTF200MABD
    • Entry around 56.90
    • Tar­gets 56.60, 56.45
  • Hypo 2 Long
    • TTF D TT
    • Entry around 56.60
    • Tar­gets 57.05, 57.25, 57.50
  • Hypo 3 Short
    • TTF50MACAR
    • Entry around 57.10
    • Tar­gets 56.80

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 HHTF200MABO with TTF200MABO show­ing strength in move up, HTFUKC is not show­ing any sign of resis­tance yet
      • Drop down to TTF200MA pos­si­ble CAS or BD.
    • 16:35
      • TTFUKC still hold­ing up but seems like nei­ther bulls or bears are heav­i­ly fight­ing here
    • 17:05
      • Mar­ket hasn’t made a move yet but we are still above TTF200MA 
      • Rever­sal can­dle just above it
      • Spreads are still wide at 49
    • 17:35
      • PA dead above TTF200MA still
    • 18:05
      • Bounce off LTFLKC just below LTF200MA then PB to 200MA which coin­cides with bounce off TTF200MA after touch­ing 50MA briefly, poten­tial 50MA cross­ing 200MA 
    • 18:35
      • Move over HTF/TTF UKC could this be a HHTFBO?

Dai­ly Report Card

Trade Idea

  • Hypo 1 Short
    • TTF200MABD
    • Entry around 56.90
    • Tar­gets 56.60, 56.45
  • Hypo 2 Long
    • TTF D TT
    • Entry around 56.60
    • Tar­gets 57.05, 57.25, 57.50
  • Hypo 3 Short
    • TTF50MACAR
    • Entry around 57.10
    • Tar­gets 56.80

Date:6/21/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)

Com­bined Score88

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

10Ses­sion PECS100%10Real-time analy­sis

9Hypos3/310Setups Iden­ti­fied (inc. TEST)

10Trad­ing the process2/36Setups tak­en

10Dai­ly review2/33Erro­neous Entries

10Progress tow. week­ly goal0/310Erro­neous Exits


  • 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
      • Have not had the oppor­tu­ni­ty to take A/A+ setups for a bit now. Did well to stay patient and not try to go look for trades to take. 
      • Learn­ing and build­ing a track record on exper­i­men­tal trades.
  • Review
P/L ticksTradeEntry ErrorsExit ErrorsType TradeSiz­ingRea­son to coverProb­lemPro­posed solution
24.2110(test) HHTF200MABO1Hit tar­getcov­ered at pre­vi­ous swing highshould have wait­ed for a PB to big­ger tech lev­el before enter­ing like my 2nd positionreplay + write up in PB — this week­end I will cre­ate a bet­ter for­mat for track­ing these
4200(test) HHTF200MABO1scratchedthis was the sec­ond entry at PB after price dropped when I took the first posi­tion, when we hit my entry lev­el and I saw weak­ness I scratched it.--
  • On the 2nd trade I should have scratched the first posi­tion but in my mind I was think­ing that I was tak­ing off risk after I had added that one to the move. Then a long time noth­ing hap­pened and I took the 2nd one off.
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo 2 — 90%
      • Didn’t quite go low as much as I thought before revers­ing to con­tin­ue up
    • Real-time analy­sis
      • I did fair­ly well here keep­ing mar­ket con­text from HTF and HHTF in mind.
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • P: Good
    • E: Good
    • CS: Good
  • What’s one thing you learned today?
    • When we near a HHTF POI PA on the low­er time frames behaves dif­fer­ent­ly, spreads are wider
  • What’s one thing I need to do more often?
    • Focussing on probability
  • What’s one thing I need to do less often?
    • Don’t just look at the big­ger pic­ture when it comes to your process, the small­er tasks are an inte­gral part of how you mea­sure your progress through bet­ter effi­cien­cy and clar­i­ty in your process. 


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


Trade Jour­nal on day trad­ing the WTI crude oil market


oil, wti, crude oil, crude, day trad­ing, day­trad­ing, trade jour­nal, jour­nal­ing, trade plan, com­modi­ties, play­book, one good trade, becom­ing a CPT, con­sis­tent­ly prof­itable trader,


#dai­lyre­port­card #one­good­trade #day­trad­ing #becomin­gaCPT

Check out my blog for all details on today’s trad­ing incl. trad­ing plan and dai­ly report card.

Wan­na chat? Just feel like trolling me? Get in touch.


Day trader. Tech geek. Sim Racing Enthusiast.

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