31052019 Friday — HTF D TC — TTF R D NT — LTF D NT TC

31052019 Fri­day — HTF D TC — TTF R D NT — LTF D NT TC

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 less carbs.
• How do you feel?
  • Good.
• How would you rate it (1–5)?
  • 5

Mar­ket Prep

Intra­day Fundamentals

• API report
  • May 29th, 2019
  • -5.3M
• EIA report
  • Lat­est Release May 30, 2019
  • Actu­al ‑0.282M
  • Fore­cast ‑0.857M
  • Pre­vi­ous 4.740M

Intra­day Tech­ni­cal Analysis

• HTF
  • Define con­text
    • Where were the overnight highs and lows and PVA?
      • High 59.690
      • PVAH 59.690
      • PPOC 59.085
      • PVAL 57.726
      • Low 56.364
    • Where is the LIS?
      • PVAL area
    • What didn’t happen?
      • We didn’t reverse on the HTF
    • 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?
        • Imbal­ance

• TTF
  • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
    • HTF D TC
  • What has the Asian Ses­sion printed?
    • Drop below prev low and then a nar­row range 55.95 — 56.25

Trade Idea (less clarity)

• Hypo 1 Short
  • Prev Low CAR
  • Entry 56.30
  • Tar­gets 55.75, 55.50
• Hypo 2 Long
  • Prev low BO
  • Entry 56.45
  • Tar­gets 56.90, 57.40

My goals for the day (Dai­ly Report Card)

• Define win­ning
  • Have patience in only take 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

Read­ing the Tape

• What is printing? 
  • 16:05
    • HTF D TC, TTF R, LTF R, 
    • Pos­si­ble oppor­tu­ni­ty TTF200MACAR / HTF D TC @ LKC
  • 16:35
    • Some A/D going on between TTF UKC and 50MA
  • 17:05
    • TTF R 50MABD absorp­tion at TTF LKC
  • 17:35
    • LTF D NT + TC in effect
  • 18:05
    • LTF Rever­sal in effect
  • 18:35
    • HTF D TC (last exhaust­ed leg) TTF TT 

Trade Man­age­ment

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

• T1 (exper­i­men­tal)
  • Why? What do I see?
    • HTF
      • HTF D TC
    • TTF
      • TTF R D NT
      • Entry 2 @ 55.595
    • LTF
      • (exper­i­men­tal) LTF D TC @ VWAP
  • SL
  • TP
    • 55.33
  • Trade Man­age­ment
    • Cov­ered at 55.517

• T2 (exper­i­men­tal)
  • Why? What do I see?
    • HTF
      • HTF D TC
    • TTF
      • TTF D TC 1.0SD
      • Entry 2 @ 55.065
    • LTF
      • (exper­i­men­tal) LTF D TC @ LKC after cross VWAP
  • SL
  • TP
    • 55.065
  • Trade Man­age­ment
    • Stopped out at 55.317

• T3 (exper­i­men­tal)
  • Why? What do I see?
    • HTF
      • HTF D TC
    • TTF
      • TTF D TC
      • Entry 2 @ 55.29
    • LTF
      • (exper­i­men­tal) LTF D TC @ 50MA
  • SL
  • TP
    • 55.06
  • Trade Man­age­ment
    • Stopped out 55.348

Dai­ly Report Card

Trade Idea (less clarity)

• Hypo 1 Short
  • Prev Low CAR
  • Entry 56.30
  • Tar­gets 55.75, 55.50
• Hypo 2 Long
  • Prev low BO
  • Entry 56.45
  • Tar­gets 56.90, 57.40

	Date:	5/31/2019	Week­ly Goal	Exe­cute A+ (TTF TC) / A setups (TTF NT)
	Com­bined Score	98
	Process Report Card (10 each)		Per­for­mance Report Card (10 each)
	10	Ses­sion PECS	100%	10	Real-time analy­sis
	8	Hypos	3/3	10	Setups Iden­ti­fied (TEST)
	10	Trad­ing the process	3/3	10	Setups tak­en
	10	Dai­ly review	0	10	Erro­neous Entries
	10	Progress tow. week­ly goal	0	10	Erro­neous Exits
	48	Total		50

• Week­ly Goal
  • Have patience in only take 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
• Review
  • I am hap­py with my per­for­mance today. I am learn­ing more and more about mar­ket struc­ture with­in the con­text of my own per­spec­tive if that makes any sense. 
  • Took 3 exper­i­men­tal trades with ⅕ of nor­mal size and am hap­py with that although 2 stopped out 

Psy­chol­o­gy Journal
Entry Errors	Exit Errors	Type Trade	Mis­takes (if any)	Siz­ing	Hit Tar­get?	Rea­son to cover	Prob­lem	Pro­posed solution	Action
0	0	(exper­i­men­tal) LTF D TC @ VWAP	-	2	NO	Cov­ered at pre­vi­ous swing low	price on LTF does­n’t clean­ly fol­low my exit rules so I cov­ered at pre­vi­ous low	On the LTF the over Price Action pat­tern is valid and not the exit rule cri­te­ria — replay and write it up in PB	Replay — PB
0	0	(exper­i­men­tal) LTF D TC @ LKC after cross VWAP	-	2	SO	SO @ just above entry-can­dle upper wick	-	-	-
0	0	(exper­i­men­tal) LTF D TC @ 50MA	-	2	SO	SO @ just above entry-can­dle upper wick	-	-	-

• How accu­rate was my assess­ment of mar­ket context?
  • It was on point. Learn­ing so much on how HTF mar­ket struc­ture dic­tates moves on the TTF and LTF.
  • Hypo 1 80% — I could have giv­en this more but the rea­son why I didn’t is I didn’t see the set­up on the TTF (my exper­i­men­tal setup)
• How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
  • Did a good job. 
• What’s one thing you learned today?
  • Con­firm­ing more and more how HTF pro­vides con­text for my TTF.
• What’s one thing I need to do more often?
  • Be the scientist.
• What’s one thing I need to do less often?
  • Doubt your­self. Stick to the plan. Loss­es are part of the plan. There is no certainty. 

Feed­back?

Any ques­tions or feed­back you might have please feel free to leave a com­ment or con­tact me directly.