20052019 Monday – HTF Gap Up – TTF DT TC

20052019 Monday – HTF Gap Up – TTF DT TC

Terminology (partially made up by yours truly)

Health review (for the past week)

Weekly goal
- Eat very little rice, noodles etc.
How do you feel?
- I am tired because didn’t sleep much on the weekend but not too bad.
How would you rate it (1-5)?
- 3

Market Prep

Intraday Fundamentals

Intraday Technical Analysis

TTF
- What trade locations among this structure would l like to get involved in that will offer me the best R/R opportunities?
  - PVAHBD
- What has the Asian Session printed?
  - We gapped up but still within the HTFUKC and just reentered TTF UKC. Possible Gap fill?

Trade Idea

My goals for the day (Daily Report Card)

Define winning
- Only take A+ (TTF TC) and A (TTF NT) setups to build a track record to analyze later

Reading the Tape

Trade Management

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

T1 (2nd account during AS)
- Why? What do I see?
  - HTF
    - Gap up at AS open followed by LHs
  - TTF
    - Entry 63.81
  - LTF
- SL
- TP
  - 63.52
- Trade Management
  - Covered at 63.73

T2 (2nd account)
- Why? What do I see?
  - HTF
    - HTF50MABO after a gap up at AS open
  - TTF
    - Move to TTF 2.0 SD
    - Entry 63.10
  - LTF
    - LTF TC @ 50MA
- SL
- TP
  - 62.86
- Trade Management
  - Thinking it will reverse since there are full-bodied candles at TTF VWAP and we haven’t made a significant LL
  - Covered at 63.02 in profit because we had hit HTFLKC

Daily Report Card

Trade Idea

Date:	5/20/2019	Weekly Goal	Execute A+ (TTF TC) / A setups (TTF NT)
Combined Score	77
Process Report Card (10 each)	Performance Report Card (10 each)
9	Pre-market routines	10	Hypos
7	Session PECS	6	Real-time analysis
8	Trading the process	7	Trade selection
10	Daily review	5	Trade Execution & Mgmt.
8	Progress toward Weekly goal	7	Risk Adjusted Returns
42	Total	35

Weekly Goal
- Only take A+ (TTF TC) and A (TTF NT) setups to build a track record to analyze later
Review
- 3 opportunities 2 taken
  - 1) during AS experimental trade on 2nd account I will incorporate this into my PB for further study
  - 2) Did not take the setup – replay event + work into PB
  - 3) TTF TC

Entry Errors	Exit Errors	Type Trade	Mistakes (if any)	Sizing	Hit Target?	Reason to cover	Problem	Proposed solution
0	0	(Experimental) Gap Up, shorted for a possible gap fill	–	10	NO	Covered (in profit) because I had to leave my desk and could not actively monitor my position	–	–
1	0	TTF NT	Not taken	–	–	–	TTF was showing price action in line with A/D behavior and KC was widening so I was expecting a TTF R play, instead it was a TTF NT and I missed my entry. I didn’t wanna chase the market so I let it go and waited for a TTF TC opportunity	I will replay the event and include ‘new’ market structure into my playbook
0	0	TTF TC	–	5	YES	HTFLKC	–	–

How accurate was my assessment of market context?
- HYPO1 100%
How well did I manage my physical, emotional and cognitive states?
- I am tired from the weekend and definitely wasn’t as sharp today although I feel I still did well managing my thoughts and emotions
What’s one thing you learned today?
- I learned more about the market structure around a ‘Gap’ day
What’s one thing I need to do more often?
- Keep observing like a scientist
What’s one thing I need to do less often?
- Even though I didn’t do it but I should still warn myself that my 2nd account is not to take trades I won’t on my 1st but it is to take experimental trades according to my PB.

Feedback?

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

Leave a ReplyCancel Reply