Latest Posts
Bear Market Trader | Trade Journal on day trading the WTI crude oil market
#dailyreportcard #onegoodtrade #daytrading #becomingaCPT Check out my blog for all the details on today's trading incl. trading plan and daily report card. Wanna chat? Just feel like trolling me? Get in touch.
oil, wti, crude oil, crude, day trading, daytrading, trade journal, journaling, trade plan, commodities, playbook, one good trade, becoming a CPT, consistently profitable trader,
2066
post-template-default,single,single-post,postid-2066,single-format-standard,locale-en-us,vcwb,ajax_fade,page_not_loaded,,side_area_uncovered_from_content,qode-theme-ver-9.5,hide_inital_sticky
 

23072019 Tuesday — Trade Plan & Journal

23072019 Tuesday — Trade Plan & Journal

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 racer/Pilot.

No Comments

Post A Comment