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24072019 Wednesday — Trade Plan & Journal

24072019 Wednesday — Trade Plan & Journal

24072019 Wednes­day — 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

  • Week­ly goal
    • Per­form dai­ly health and per­for­mance tasks
      • Yes­ter­day tried going to bed as per health plan but could not man­age to fol­low to the tee. I went to bed 15 min­utes lat­er than I should. Will focus on this.
  • 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 good even though last night after I went to bed a lit­tle late I woke up an hour and a half lat­er and had trou­ble falling asleep again so took a sleep­ing aid. 
  • How would you rate it (1–5)? 1/2 = don’t trade 3= quar­ter posi­tion 4= half posi­tion 5= full position
    • 4
      • 1st account: 25 contracts
      • 2nd account (test­ing account): 5 contracts

Mar­ket Prep

Intra­day Tech­ni­cal Analysis

  • HHTF
    • Moved back into KC after we had a D TT around 200MA area — KC slop­ing down though so might be more down­side on the longer term
  • HTF
    • Lev­els
      • Prev. High 57.425
      • PVAH 56.423
      • PPOC 56.195
      • PVAL 55.891
      • Prev. Low 55.723
    • We had a HTF R U NT that went into HTF R Over­bought and retreat­ed to UKC/VWAP area and this morn­ing trad­ed slight­ly below VWAP — pos­si­ble more down­side on medi­um term — 200MA slop­ing down
  • TTF
    • What has the Asian Ses­sion printed?
      • After over­bought posi­tion towards last night’s ses­sion we trad­ed in TTF R slop­ing down­wards above 200MA which is slop­ing upwards, pos­si­ble move back to test 200MA
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • HTF UKC BD

Trade Idea

  • Hypo 1 Short
    • HTF UKC BD
    • Entry around 56.85
    • Tar­gets 56.70, 56.55
  • Hypo 2 Short
    • TTF R Overbought
    • Entry around 57.10
    • Tar­gets 56.90, 56.75, 56.55
  • Hypo 3 Long
    • HTF U TC @ 50MA
    • Entry around 56.75
    • Tar­gets 57.20, 57.40
  • Hypo 4 Rotational
    • 56.85 — 57.25

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
      • HHTF
        • HHTF D TT @ LKC
      • HTF
        • HTF U TT @ UKCCAS
      • TTF
        • TTF R UKCCAS
      • Oppor­tu­ni­ty (if any)
        • TTF R UKCCAS
    • 16:35
      • Same as above
    • 17:05
      • HHTF
        • Same 
      • HTF
        • HTF U TT @ UKCCAS
        • After we made a HTF LH
      • TTF
        • 2 times TTF R Over­bought posi­tion, looks like HTF might BO bull­ish but no push behind the move yet
      • Oppor­tu­ni­ty (if any)
        • Unclear
    • 17:35
      • HHTF
        • same
      • HTF
        • Squeeze going on
      • TTF
        • AD above 200MA pos­si­ble short/medium term long move
      • Oppor­tu­ni­ty (if any)
    • 18:05
      • HHTF
        • same
      • HTF
        • same
      • TTF
        • TTF R LH
      • Oppor­tu­ni­ty (if any)
        • Poten­tial 200MABD
    • 18:35
      • HHTF
        • HHTF PB to 200MA
      • HTF
        • HTF R UKCCAS squeeze
      • TTF
        • TTF R 50MACAR
      • Oppor­tu­ni­ty (if any)
        • TTF200MABD
    • 19:05
      • HHTF
        • Same 
      • HTF
        • Same 
      • TTF
        • Took posi­tion on TTF200MABD and closed off @ TTF LKC
        • Rever­sal quick­ly hap­pened after and this turned into a TTF R Over­sold posi­tion instead of a valid TTF20MMABD
        • How­ev­er there is still a pos­si­bil­i­ty of a PB to TTF200MACAR
      • Oppor­tu­ni­ty (if any)
        • TTF200MACAR
        • TTF R Over­sold @ LKCCAS
    • 19:35
      • HHTF
        • HHTF PB to 200MACAS
      • HTF
        • HTF50MACAS to poten­tial­ly UKCCAR
      • TTF
        • TTF200MABDF reversed into a move up over 200MA now look­ing for poten­tial support
      • Oppor­tu­ni­ty (if any)
        • Unclear at the moment — 25 min­utes until NY open
    • 20:05
      • HHTF
      • HTF
      • TTF
      • Oppor­tu­ni­ty (if any)

Dai­ly Report Card

Trade Idea

  • Hypo 1 Short
    • HTF UKC BD
    • Entry around 56.85
    • Tar­gets 56.70, 56.55
  • Hypo 2 Short
    • TTF R Overbought
    • Entry around 57.10
    • Tar­gets 56.90, 56.75, 56.55
  • Hypo 3 Long
    • HTF U TC @ 50MA
    • Entry around 56.75
    • Tar­gets 57.20, 57.40
  • Hypo 4 Rotational
    • 56.85 — 57.25





Dai­ly Report Card



Date:7/24/2019



Week­ly GoalExe­cute A+ / A setups



Com­bined Score99



Process Report Card (10 each)

10Ses­sion PECS

10Hypos

10Mar­ket Prep

10Dai­ly review

9Progress tow. week­ly goal

49Total






Per­for­mance Report Card (10 each)
100%10Real-time analy­sis
1/110Setups Iden­ti­fied (inc. TEST)
1/110Setups tak­en
0/110Erro­neous Entries
0/110Erro­neous Exits

50total



  • Week­ly Goal
    • Only trade A/A+ trade ideas
    • For­ward test exper­i­men­tal trades
  • Review
TradeEntry ErrorsExit ErrorsType TradeSiz­ingRea­son to coverProb­lemPro­posed solution
100TTF R UKCCAR10ScratchedTook risk off--
Took risk off--
Closed out position--
2005Scratched2nd attempt--
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo 2 — 100%
      • DId well here
    • Real-time analy­sis — 100%
      • Did well here
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • P: Did well here. Slept enough.
    • E: Did well here.
    • CS: Did well here. No dip.
  • What’s one thing you learned today?
    • I learned more about mar­ket con­text patterns.
  • Positive(s)
    • Did well to let HTF nar­ra­tive lead
    • Stayed calm and let trade have room to devel­op but scratched when it didn’t

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.

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