04 Jul 04072019 Thursday — Trade Plan & Journal
04072019 Thursday — 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
5 positive 1 negative | Tue | Wed | Thu |
- | 2/7 | 3/7 | 4/7 |
Time bed yesterday | 21:39 | 22:02 | 21:55 |
woke up | 7:41 | 6:23 | 6:59 |
Hours sleep | 10:02 | 8:21 | 9:04 |
According to Fitbit | 8:11 | 6:57 | 7:36 |
Awake | 1:51 | 1:24 | 1:28 |
Times awake | 32x | 36x | 43x |
REM | 1:30 | 0:56 | 0:48 |
Light | 5:55 | 5:15 | 6:24 |
Deep | 0:46 | 0:46 | 0:24 |
Sleep well? | 3 | 4 | 3 |
Sleep Aid? | no | no | no |
Alcohol yesterday? | 0 | 0 | 2 |
Wore Fitbit? | yes | yes | yes |
Performed Daily Tasks? | yes | yes | yes |
Performed Health Tasks? | no | yes | no |
Exercise yesterday? | no | no | no |
Coffees yesterday | 2 | 2 | 2 |
Intermittent fasting | yes | yes | yes |
Water L | 1.5 | 2 | 2 |
Vitamins | no | no | no |
Cigarettes | no | no | 1 |
- Weekly goal
- Follow my health plan. Broke my plan yesterday by having 2 beers and 1 cigarette.
- 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’ve had a few nights of relatively good sleep.
- How would you rate it (1–5)? 1 = don’t trade 2/3 =half position sizing 4/5 = full position
- 5
Market Prep
Intraday Fundamentals
- 4th of July holiday
- API report
- Latest Release Jul 02, 2019
- Actual ‑5.000M
- Previous ‑7.550M
- EIA report
- Latest Release Jul 03, 2019
- Actual ‑1.085M
- Forecast ‑2.964M
- Previous ‑12.788M
Intraday Technical Analysis
- HTF
- Define context
- Where were the overnight highs and lows and PVA?
- High 57.467
- PVAH 56.877
- PPOC 56.555
- PVAL 56.306
- Low 56.108
- Where is the LIS?
- PVAH area
- What didn’t happen?
- No continuation to the HHTF DT, change in short/medium term sentiment
- 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?
- HTF R TTF DT
- 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?
- Where were the overnight highs and lows and PVA?
- Define context
- TTF
- What trade locations among this structure would l like to get involved in that will offer me the best R/R opportunities?
- HTFLKCCAS
- What has the Asian Session printed?
- TTF DT into HTF50MA, possible exhausted move and short term reversal on the horizon
- What trade locations among this structure would l like to get involved in that will offer me the best R/R opportunities?
Trade Idea
- Hypo 1 Long
- HTFLKCCAS
- Entry around 56.60
- Targets 56.90, 57.10
- Hypo 2 Short
- HTF50MACAR
- Entry around 56.80
- Targets 56.50, 56.40
- Hypo 3 Rotational 56.80 — 57.40
My goals for the day (Daily Report Card)
- Define winning
- Only focus on A/A+ setups and work on consistency in taking them. To have a better sample size I will need to go through a few cycles before I can think of the next level. Do this for the next month at least. It would be 3 months by then and I can analyze my trading and reassess if need be.
Reading the Tape
- What is printing?
- 16:05
- HTF R LKC Area long bias even though no CAS, TTF shows signs of reversal after TTF DT with possible TT
- 16:35
- TTF D TT into TTFUKCBO attempt
- 17:05
- Testing of TTF200MA at HTF50MA area above HHTF 1.0SD possible follow-through on move and actual TTF200MABO may come
- 17:35
- No pull-through on TTF200MABO yet momentum died off crossing 1.0 SD
- 18:05
- Not much going on
- 18:35
- Still not much going on
- 19:05
- Still not much going on
- 16:05
Daily Report Card
I decided to merge yesterday’s results with today’s. I have deducted points for not doing the daily review and progress towards weekly goal. I’ve had a bit of a stressful week but glad it looks to be over.
Trade Idea
- Hypo 1 Long
- HTFLKCCAS
- Entry around 56.60
- Targets 56.90, 57.10
- Hypo 2 Short
- HTF50MACAR
- Entry around 56.80
- Targets 56.50, 56.40
- Hypo 3 Rotational 56.80 — 57.40
Date: | 7/4/2019 | Weekly Goal | Execute A+ (TTF TC) / A setups (TTF NT) | |||
Combined Score | 87 | |||||
Process Report Card (10 each) | Performance Report Card (10 each) | |||||
8 | Session PECS | 100% | 10 | Real-time analysis | ||
9 | Hypos | 2/2 | 10 | Setups Identified (inc. TEST) | ||
10 | Trading the process | 2/2 | 10 | Setups taken | ||
5 | Daily review | 0/2 | 10 | Erroneous Entries | ||
5 | Progress tow. weekly goal | 0/2 | 10 | Erroneous Exits | ||
37 | Total | 50 | ||||
- Weekly Goal
- Only focus on A/A+ setups and work on consistency in taking them. To have a better sample size I will need to go through a few cycles before I can think of the next level. Do this for the next month at least. It would be 3 months by then and I can analyze my trading and reassess if need be.
- Did well here.
- Only focus on A/A+ setups and work on consistency in taking them. To have a better sample size I will need to go through a few cycles before I can think of the next level. Do this for the next month at least. It would be 3 months by then and I can analyze my trading and reassess if need be.
- Review
P/L ticks | Trade | Entry Errors | Exit Errors | Type Trade | Sizing | Reason to cover | Problem | Proposed solution | |
12.2 | 1 | 0 | 0 | (experimental) HTF D TC @ LKC | 1 | TP | Normally I would have taken half risk off but since it was the smallest contract I took profit it looking for another entry. | - | - |
-8.7 | 2 | 0 | 0 | (experimental) HTF D TT @ TTF200MABO | 1 | Scratched | broke TTF 1.0 SD | - | - |
6.2 | 3 | 0 | 0 | (experimental) TTF D TT | 2 | Scratched | Loss of momentum | - | - |
-1.1 | 1 | 0 | 0 | (experimental) TTF D TT | 2 | scratched | after the move initially going against me 10 ticks and then returning with what looked like momentum dying out I scratched | - | - |
-11.2 | 2 | 0 | 0 | (experimental) TTF200MABO | 2 | SO | - | - | - |
- How accurate was my assessment of market context?
- Hypo 1 — 90%
- Did well here
- Real-time analysis
- Did well here
- Hypo 1 — 90%
- How well did I manage my physical, emotional and cognitive states?
- P: Did well here. Slept better.
- E: Felt as if I wanted to force the market. Even though I didn’t act on it, I felt it and took note of this in my journal.
- CS: Did well here
- Positive(s)
- I understand more and more about my perspective on the market and am growing more confident in it. Took a lot of notes that I can study more on the weekend. Excited!
- Getting more selective with my experimental trades.
- Negative(s)
- I didn’t do my DRC yesterday due to outside factors
- Dealt with that
- I didn’t do my DRC yesterday due to outside factors
Feedback?
Any questions or feedback you might have please feel free to leave a comment or contact me directly.
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