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25062019 Tuesday — Trade Plan & Journal

25062019 Tuesday — Trade Plan & Journal

25062019 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
  • Hypo = HYPOthetical

Health review (for the past week)

  • Week­ly goal
    • Eat only 2 meals a day
  • How do you feel? Have you recent­ly had a break of dai­ly rou­tine (like a trip)?
    • I feel OK but slug­gish even though I slept enough I feel like I might be get­ting sick
  • How would you rate it (1–5)? 1 = don’t trade 2/3 =half posi­tion siz­ing 4/5 = full position
    • 4

Mar­ket Prep

Intra­day Fundamentals

  • API report
    • Today
  • EIA report
    • Tomor­row

Intra­day Tech­ni­cal Analysis

  • HTF
    • Define con­text
      • Where were the overnight highs and lows and PVA?
        • High    58.196
        • PVAH    58.162
        • PPOC    57.813
        • PVAL    57.528
        • Low    56.735
      • Where is the LIS?
        • PVAL area
      • What didn’t happen?
        • We didn’t have a rever­sal instead we are bal­anc­ing at this level
      • 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?
          • Bal­anc­ing with poten­tial for more upside on the medi­um to long term
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • TTF200MABO
    • What has the Asian Ses­sion printed?
      • LTF D NT with no TC instead TT indi­cat­ing pos­si­ble momen­tum build up (or push) on high­er time frame due to short­er cycles(?) 

Trade Idea

  • Hypo 1 Long
    • TTF200MABO
    • Entry around 57.60
    • Tar­gets 58.15
  • Hypo 2 Short
    • TTF200MACAR
    • Entry around 57.50
    • Tar­gets 56.80
  • Hypo 3 Prev Low CAS
    • Entry around 56.90
    • Tar­gets 57.40

My goals for the day (Dai­ly Report Card)

  • Define win­ning
    • Have patience in only tak­ing 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 on 2nd account. Earn the right to size up. 

Read­ing the Tape

  • What is printing? 
    • 15:05
      • HTF R U NT, TTF200MABO + TTF200MAUKCCAS
    • 15:35
      • No real move to HTF UKC, but still above HTF50MA / TTF UKC
    • 16:05
      • Still same, mar­ket hasn’t made a move yet
    • 16:35
      • mar­ket hasn’t made a move yet
    • 17:05
      • mar­ket hasn’t made a move yet
    • 17:35
      • mar­ket hasn’t made a move yet
    • 18:05
      • ttf50MABD to TTF200MA / HTF50MA might find support
    • 18:35
      • Move down to TTFLKC
    • 19:05
      • TTFLKCCAS

Dai­ly Report Card

Trade Idea

  • Hypo 1 Long
    • TTF200MABO
    • Entry around 57.60
    • Tar­gets 58.15
  • Hypo 2 Short
    • TTF200MACAR
    • Entry around 57.50
    • Tar­gets 56.80
  • Hypo 3 Prev Low CAS
    • Entry around 56.90
    • Tar­gets 57.40









Date:6/25/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)















Com­bined Score94











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

7Ses­sion PECS100%10Real-time analy­sis

7Hypos1/110Setups Iden­ti­fied (inc. TEST)

10Trad­ing the process1/110Setups tak­en

10Dai­ly review0/110Erro­neous Entries

10Progress tow. week­ly goal0/110Erro­neous Exits

44Total
50








  • Week­ly Goal
    • Have patience in only tak­ing 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 on 2nd account. Earn the right to size up. 
      • Did well here
  • Review
P/L ticksTradeEntry ErrorsExit ErrorsType TradeSiz­ingRea­son to coverProb­lemPro­posed solution
9.4100(exper­i­men­tal) HTF R U NT1Hit tar­getCon­ser­v­a­tive tar­get of 1.0SD--
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo 1 — 70%
      • Hap­pened before the ses­sion started
    • Real-time analy­sis
      • Did well here
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • P: feel slug­gish still and might be com­ing down with some­thing. Throat is scratchy as well.
    • E: DId well here.
    • CS: Can def­i­nite­ly be sharp­er. Get some extra sleep tonight and see how I feel tomorrow. 
  • What’s one thing you learned today?
    • That I should con­sid­er trad­ing my set­up on all time frames but per­haps prob­a­bly with dif­fer­ent siz­ing. I’ll think about this some more.
  • What’s one thing I need to do more often?
    • Keep ana­lyz­ing and writ­ing setups for PB
  • What’s one thing I need to do less often?
    • Think­ing that I need to trade more. Just focus on tak­ing a sci­en­tif­ic approach. All the rest is just ways to NOT get to where you want to be. Stay in the zone by lis­ten­ing to that scientist’s voice. 

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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