04062019 Tuesday – HTF R LKC A/D – TTF R

04062019 Tuesday – HTF R LKC A/D – TTF R

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?
  • I feel good.
• How would you rate it (1-5)?
  • 5

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 54.662
      • PVAH 53.937
      • PPOC 52.868
      • PVAL 52.741
      • Low 52.164
    • Where is the LIS?
      • 53.50 area
    • What didn’t happen?
      • We didn’t continue the HTF DT instead we had a TT and possible start of HTF R
    • 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?

• TTF
  • What trade locations among this structure would l like to get involved in that will offer me the best R/R opportunities?
    • Possible HTF R trading or BD from Prev Low
  • What has the Asian Session printed?
    • Lateral move below TTF 50MA

Trade Idea

• Hypo 1 Short
  • TTF200MACAR
  • Entry around 53.30
  • Targets 53.05, 52.70
• Hypo 2 Long
  • HTF LKC / PVAL CAS
  • Entry around 53.05
  • Targets 53.85, 54.10
• Hypo 3 Rotational 52.80 – 53.50

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?
  • 16:35
    • HTF R flat below 50MA, TTF R flat below 200MA about to cross with 50MA
  • 17:05
    • TTF R move to UKC with TTF200MABOF
  • 17:35
    • TTFLKC BD but halted at HTFLKC
  • 18:05
    • Push back by HTF R LKC, TTF didn’t drop fast enough and looking to re-enter KC
  • 18:35
    • Move back into TTF KLC to VWAP, no clarity on market move yet, no HTFLKCBD (yet)
  • 19:05
    • No break from PVAL yet
  • 19:35

Trade Management

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

• T1
  • Why? What do I see?
    • HTF
      • HTF R
    • TTF
      • (experimental) TTF R LKCCAS
      • Entry 10 @ 52.99
    • LTF
      • LTF50MABO
  • SL
    • 52.38
  • TP
    • 54.30
  • Trade Management
    • Covered @ 53.05
    • Normally’ would have to cover at UKC but with 50/200MA in the way I covered there – it would have hit my target

Daily Report Card

Trade Idea

• Hypo 1 Short
  • TTF200MACAR
  • Entry around 53.30
  • Targets 53.05, 52.70
• Hypo 2 Long
  • HTF LKC / PVAL CAS
  • Entry around 53.05
  • Targets 53.85, 54.10
• Hypo 3 Rotational 52.80 – 53.50

	Date:	6/4/2019	Weekly Goal	Execute A+ (TTF TC) / A setups (TTF NT)
	Combined Score	89
	Process Report Card (10 each)		Performance Report Card (10 each)
	10	Session PECS	100%	10	Real-time analysis
	9	Hypos	1/1	10	Setups Identified (TEST)
	10	Trading the process	1/1	10	Setups taken
	10	Daily review	0	10	Erroneous Entries
	10	Progress tow. weekly goal	1	0	Erroneous Exits
	49	Total		40

• 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
  • Took 1 TTF R trade but took profits too soon again. Still experimenting with this setup and I’ll keep working at it.

Entry Errors	Exit Errors	Type Trade	Mistakes (if any)	Sizing	Hit Target?	Reason to cover	Problem	Proposed solution	Action
0	1	(experimental) TTF R LKCCAS	FOLP – Fear of Losing Profits	10	NO	Normally’ would have to cover at UKC but with 50/200MA in the way I covered there – it would have hit my target	Still learning to trade the TTF R setup	Have to keep trying to identify and take these setups	Replay + PB

• How accurate was my assessment of market context?
  • Hypo 3 90%
  • Real-time analysis
• How well did I manage my physical, emotional and cognitive states?
  • I did well here
• What’s one thing you learned today?
  • Trust in your plan. If it’s a setup, experimental or not, it has entry as well as exit rules. Obey them.
• What’s one thing I need to do more often?
  • Focus on the process. Process is what keeps you in the game.

Feedback?

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