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22052019 Wednesday — HTF DTC — TTF R 200MACAR

22052019 Wednesday — HTF DTC — TTF R 200MACAR

22052019 Wednes­day — HTF DTC — TTF R 200MACAR

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
    • Don’t eat much rice, noo­dles, etc.
  • How do you feel?
    • Good, although not my sharpest
  • How would you rate it (1–5)?
    • 4

Mar­ket Prep

Intra­day Fundamentals

  • API report
    • Lat­est Release yes­ter­day, May 21, 2019
    • Actu­al 2.400M
    • Fore­cast ‑0.600M
    • Pre­vi­ous 8.600M
  • EIA report
    • Today

Intra­day Tech­ni­cal Analysis

  • HTF
    • Define con­text
      • Where were the overnight highs and lows and PVA?
        • High 63.763
        • PVAH 63.617
        • PPOC 63.419
        • PVAL 63.096
        • Low 62.773
      • Where is the LIS?
        • Prev Low area
      • What didn’t happen?
        • No HTF200MA mean rever­sion (yet)
      • 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?
          • We are in a HTF DT
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • Prev Low CAR
    • What has the Asian Ses­sion printed?
      • Drop below HTFLKC but small bod­ied bars indi­cat­ing pos­si­ble HHTF action going on, TTF mak­ing small swings per­haps a TTF R is upon us which would be in line with HHTF A/D behavior

Trade Idea (made lat­er into the session)

  • Hypo 1 Short
    • Prev Low CAR
    • Entry around 62.60
    • Tar­gets 62.40, 62.10
  • Hypo 2 Long
    • HTF TT
    • Entry around 62.65
    • Tar­gets 63.05
  • Hypo 3 Short 
    • HTF DTC
    • Entry around 62.50
    • Tar­gets 62.05, 61.85

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
      • Pos­si­ble HTF DTC although AS shows small-bod­ied can­dles pos­si­bly HHTF A/D going on and thus pos­si­ble TTF R day
      • Spread (44) is wider than usu­al show­ing less liq­uid­i­ty in the market
    • 17:05
      • TTF R in effect
    • 17:35
      • HTF DTC, TTF R, LTF50MABD to Pos­si­ble HTF TT
    • 18:05
      • Pos­si­ble HTF TT, TTF R 50MABO + PB, LTF200MACAS to pos­si­ble TTF200MABO (Pos­si­ble HTFLKCPB)
    • 18:35
      • We had a test­ing of TTF200MA and then dropped to 50MA, (pos­si­ble HTFLKCCAS here)
    • 19:05
      • A/D between 50MA and 200MA, pos­si­ble TTF200MABO

Trade Man­age­ment

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

  • T1
    • Why? What do I see?
      • HTF
        • HTF DT
      • TTF
        • TTF NT
        • Entry 10 @ 62.54
      • LTF
        • LTF50MAPB to LTF200MABO
    • SL
      • 62.478
    • TP
      • 62.619
    • Trade Man­age­ment
      • Scratched at 62.557 because of a drop back to VWAP (entry point)

Dai­ly Report Card

Trade Idea (made lat­er into the session)

  • Hypo 1 Short
    • Prev Low CAR
    • Entry around 62.60
    • Tar­gets 62.40, 62.10
  • Hypo 2 Long
    • HTF TT
    • Entry around 62.65
    • Tar­gets 63.05
  • Hypo 3 Short 
    • HTF DTC
    • Entry around 62.50
    • Tar­gets 62.05, 61.85

Date:5/22/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)

Com­bined Score95

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

5Ses­sion PECS100%10Real-time analy­sis

10Hypos1/110Setups Iden­ti­fied

10Trad­ing the process1/110Setups 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
    • Took 1 set­up but saw that it wasn’t going my way and scratched the position
    • Then there was an oppor­tu­ni­ty to take an exper­i­men­tal trade on my 2nd account but I missed it. I was too involved with tak­ing notes of the rela­tion of mar­ket struc­ture to the exper­i­men­tal set­up. Also it didn’t help that I was feel­ing drowsy at best.
Entry ErrorsExit ErrorsType TradeMis­takes (if any)Siz­ingHit Tar­get?Rea­son to coverProb­lemPro­posed solutionAction
00TTF NT-10NOscratched because drop back to VWAP (entry point)---
1Not Tak­en(Exper­i­men­tal) TTF RNot Tak­en-Not Tak­enNot Tak­enI was hes­i­tat­ing because I just saw the rela­tion of the mar­ket struc­ture pro­vid­ing con­text to the set­up so I doc­u­ment­ed it and then missed my entry, also feel­ing a bit drowsyDon’t eat too much before trad­ing and sleep wellReplay event
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo 1 played out 100% 
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • Phys­i­cal­ly I was not sharp at all. I think it was because I ate more than I usu­al­ly do and that’s what sent me into a food-coma state. I will not do that again. Regard­less, I usu­al­ly make mis­takes when I am feel­ing unfo­cused and I did not this time so I’m hap­py about that. 
  • What’s one thing you learned today?
    • Already knew this but got con­firmed once more, that my setups hap­pen on all time frames which the sci­en­tist in me finds very inter­est­ing as well as pleasing.
  • What’s one thing I need to do more often?
    • Focus on under­stand­ing mar­ket struc­ture and trade ‘with it’ or learn from it to add to my Play­book. Add. Back­test. Test. Ana­lyze. Learn. Get con­sis­tent. Size up. Test. Ana­lyze. Learn. Get con­sis­tent. Buy Lamborghini 🙂
  • What’s one thing I need to do less often?
    • Don’t trade off the short-term time frame. That is not where the big­ger moves are but only good for scalp­ing. Which can be VERY RISKY so don’t. Just keep focussing on mar­ket struc­ture as your guide. 


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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