23072019 Tuesday — Trade Plan & Journal - Bear Market Trader
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23072019 Tuesday — Trade Plan & Journal

23 Jul 23072019 Tuesday — Trade Plan & Journal

Posted at 20:00h in Trading Plan by
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23072019 Tues­day — 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
  • HHTF = High­er High Time Frame
  • Hypo = HYPOthetical

Health review (for the past week)

  • Week­ly goal
    • I did not get enough sleep over the week­end so did not trade yes­ter­day and today I will take it easy. 
  • 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 OK. Def­i­nite­ly need anoth­er day top recoup. 
  • How would you rate it (1–5)? 1/2 = don’t trade 3= quar­ter posi­tion 4= half posi­tion 5= full position
    • 3

Mar­ket Prep

Intraweek Fun­da­men­tals

  • API report
    • Today 
  • EIA report
    • Tomor­row

Intra­day Tech­ni­cal Analysis

  • HHTF
    • Pos­si­ble Over­sold are form­ing D TT @ 200MA
  • HTF
    • Prev. High 57.010
    • PVAH 56.440
    • PPOC 56.258
    • PVAL 56.016
    • Prev. Low 55.767
  • TTF
    • What has the Asian Ses­sion printed?
      • Small PA pos­si­ble HTF apex below 200MA, TTF crossed over 200MA but PA still with­in prev. VA
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • HTF200MABO
      • HTFLKCCAS

Trade Idea (less clarity)

  • Hypo 1 Long
    • TTF200MACAS into U NT
    • Entry around 56.25
    • Tar­gets 56.40, .55, .70, .95
  • Hypo 2 Short
    • TTF200MABD
      • Entry around 56.15
      • Tar­gets 56.-, 55.80
  • Hypo 3 Rotational
    • 56 — 56.40

My goals for the day (Dai­ly Report Card)

  • Define win­ning
    • Only trade A/A+ trade ideas
    • For­ward test exper­i­men­tal trades

Read­ing the Tape

  • What is printing? 
    • 16:05
      • HTF
        • We had a HTF200MACAR just before open
      • TTF Over­bought before open into TTF R
      • Oppor­tu­ni­ty (if any)
        • HTF50MABO + PB
    • 16:35
      • HTF
        • Poten­tial 50MABO
      • TTF
        • TTF R AD long-bod­ied can­dles looks like mar­ket is load­ing up for pos­si­ble HTF50MABO?
      • Oppor­tu­ni­ty (if any)
        • HTF50MABO + PB
          • 1st effort — scratched
          • still valid oppor­tu­ni­ty — TTF R still valid
    • 17:05
      • HTF
        • Still above VWAP no rea­son to believe HTF50MA is not in effect anymore
      • TTF
        • TTF R AD test­ing 200MA right now if there is a BD I will stop out
      • Oppor­tu­ni­ty (if any)
        • Still HTF50MABO attempt
        • 2nd effort in process, no SO yet, if there is fail­ure then we might have a dou­ble touch HTF200MACAR mean­ing we could see a big­ger move to pos­si­bly HTFLKC
    • 17:35
      • HTF
        • HTF R with­in SD
      • TTF
        • TTF R still in process no clear signs on mar­ket direc­tion just yet
      • Oppor­tu­ni­ty (if any)
        • SO on HTF50MABO
        • Pos­si­ble HTF50MACAR to LKC, wait­ing for TTFLKCBD to start a TTF D NT or TC
    • 18:05
      • HTF
        • Pos­si­ble HTF200MACAR  and PA reject­ing 50MA
      • TTF
        • TTF R 50MA CAR into big drop from 200MA pos­si­ble BD 
      • Oppor­tu­ni­ty (if any)
        • HTF50MACAR with TTF R D NT
    • 18:35
      • HTF
        • HTF show­ing bear­ish signs espe­cial­ly after the TTF50MACAR how­ev­er we are still with­in TTF R
      • TTF
        • TTF R still in effect had a 50MACAR but still with­in bounds
      • Oppor­tu­ni­ty (if any)
        • HTF50MACAR with TTF R D NT through LKC BD
    • 19:05
      • HTF
        • Drop to HTF LKC as part of HTF R 50MACAR
      • TTF
        • TTF R 50MACAR to LKC BD
      • Oppor­tu­ni­ty (if any)
        • Even though PA dropped to HTF LKC in a very steep decline it is pos­si­ble that there is a rever­sal com­ing up. Rea­son for think­ing this is that VWAP is still above LKC and before we could have a TC we would need the VWAP to drop further

Dai­ly Report Card

Trade Idea (less clarity)

  • Hypo 1 Long
    • TTF200MACAS into U NT
    • Entry around 56.25
    • Tar­gets 56.40, .55, .70, .95
  • Hypo 2 Short
    • TTF200MABD
      • Entry around 56.15
      • Tar­gets 56.-, 55.80
  • Hypo 3 Rotational
    • 56 — 56.40





Dai­ly Report Card



Date:7/23/2019



Week­ly GoalExe­cute A+ / A setups



Com­bined Score88



Process Report Card (10 each)

7Ses­sion PECS

8Hypos

10Mar­ket Prep

10Dai­ly review

8Progress tow. week­ly goal

43Total






Per­for­mance Report Card (10 each)
100%10Real-time analy­sis
2/210Setups Iden­ti­fied (inc. TEST)
2/210Setups tak­en
1/25Erro­neous Entries
0/210Erro­neous Exits

45total



  • Week­ly Goal
    • Only trade A/A+ trade ideas
    • For­ward test exper­i­men­tal trades
  • Review
TradeEntry ErrorsExit ErrorsType TradeSiz­ingRea­son to coverProb­lemPro­posed solution
100TTF R 50MABO + PB2ScratchedNo fol­low-through on BO--
200TTF R AD 200MACAS2SOStop out just below TTF R LKC--
310TTF R AD LKC BD2Scratchedreal­ized I went long instead of short and scratchedClicked wrong buttonMy CS was down after eat­ing din­ner prob­a­bly too much carbs because I feel sud­den­ly very tired — no more big meals dur­ing or before the ses­sion — light meals only
400TTF D TC @ 1.0 SD5Scratchedcrossed 1.0 SD--
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo 3 — 80%
      • Trad­ed below what I indicated
    • Real-time analy­sis — 100%
      • I did well here
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • P: Did well here
    • E: DId well here
    • CS: Had a moment of sud­den tired­ness that caused me to get out of flow
  • What’s one thing you learned today?
    • This was anoth­er SPD for me so took a lot of notes today for my PB
  • Positive(s)
    • Found anoth­er SPD for my PB
    • When I messed up I stayed calm and reassessed if my entry would be good at this point and I decid­ed against it.
  • Negative(s)
    • Messed up by going long instead of short when try­ing to fol­low my 2nd narrative

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 Racing Enthusiast.

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