05062019 Wednesday — HTF R Apex — TTF R - Bear Market Trader
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05062019 Wednesday — HTF R Apex — TTF R

05 Jun 05062019 Wednesday — HTF R Apex — TTF R

Posted at 19:25h in Trading Plan by
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05062019 Wednes­day — HTF R Apex — 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?
    • Feel good but some­thing going on pri­vate­ly so should be extra care­ful today.
  • How would you rate it (1–5)?
    • 3

Mar­ket Prep

Intra­day Fundamentals

  • API report
    • Lat­est Release Jun 04, 2019
    • Actu­al 3.545M
    • Pre­vi­ous ‑5.265M
  • EIA report
    • Release Date tomorrow 
    • Fore­cast ‑0.849M
    • Pre­vi­ous ‑0.282M

Intra­day Tech­ni­cal Analysis

  • HTF
    • Define con­text
      • Where were the overnight highs and lows and PVA?
        • High 53.825
        • PVAH 53.508
        • PPOC 53.149
        • PVAL 52.917
        • Low 52.474
      • Where is the LIS?
        • PVAH area
      • What didn’t happen?
        • We didn’t start a new imbal­ance and mar­ket is cur­rent­ly balancing
      • 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?
          • Mar­ket is bal­anc­ing with an apex form­ing so could be due for anoth­er impulse move shortly
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • Move below PVAL or above PVAH
    • What has the Asian Ses­sion printed?
      • Apex form­ing on HTF

Trade Idea

  • Hypo 1 Short
    • HHTF D TC
    • Entry around 52.80
    • Tar­gets 52.50, 52.20, 51.75
  • Hypo 2 Long
    • HHTF D TT
    • Entry around 53.60
    • Tar­gets 53.80, 54.40, 54.80
  • Hypo 3 Rota­tion­al 52.60 — 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? 
    • 16:05
      • HTF R, TTF R, LTF R
      • Looks like some TTF A/D going on below 50MA, pos­si­ble BO
    • 16:35
      • TTF20MACAR + move down to TTFLKC, pos­si­ble BD oir pos­si­ble TTF R in effect. Still not much clar­i­ty, although HTF looks like a poten­tial HTF50MACAR as well so slight­ly more bear­ish biased
    • 17:05
      • TTF R still in effect (seems tighter than usu­al only at 35 ticks height), no clar­i­ty yet
    • 17:35
      • Pos­si­ble HTF50MABO but seems buy­ers lack­ing at TTF200MA, pos­si­ble TTF R reversal
    • 18:05
      • TTF200MABO attempt but seems to be no buy­ers to pull through on move. 
    • 18:35
      • TTF200MABOF Mar­ket still indecisive

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 50MABO
      • TTF
        • (exper­i­men­tal) TTF200MABOPB
        • Entry 10 @ 53.31
      • LTF
        • LTFUKCPB
    • SL
      • 53.08
    • TP
      • 53.56
    • Trade Man­age­ment
      • Pos­si­ble lack of buy­ers still since price is not mov­ing as quick­ly but we haven’t dropped below TTF1.0SD
      • Cov­ered at 53.34 because of very bear­ish can­dle just above TTF1.0SD

Dai­ly Report Card

Trade Idea

  • Hypo 1 Short
    • HHTF D TC
    • Entry around 52.80
    • Tar­gets 52.50, 52.20, 51.75
  • Hypo 2 Long
    • HHTF D TT
    • Entry around 53.60
    • Tar­gets 53.80, 54.40, 54.80
  • Hypo 3 Rota­tion­al 52.60 — 53.50









Date:6/5/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)















Com­bined Score98











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

9Ses­sion PECS100%10Real-time analy­sis

9Hypos1/110Setups Iden­ti­fied (TEST)

10Trad­ing the process1/110Setups tak­en

10Dai­ly review010Erro­neous Entries

10Progress tow. week­ly goal010Erro­neous Exits

48Total
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
    • Took one exper­i­men­tal trade which I scratched. I did well though. I was a few ticks in the mon­ey and even though I was think­ing there was no con­tin­u­a­tion to the move (which there wasn’t) I stayed in the move until I had more con­fir­ma­tion on my exit rule.
Entry ErrorsExit ErrorsType TradeSiz­ingHit Tar­get?Rea­son to coverProb­lemPro­posed solution
00(exper­i­men­tal) TTF200MABOPB10NOScratchedvery bear­ish can­dle just above TTF1.0SD--
  • How accu­rate was my assess­ment of mar­ket context?
    • Hypo 3 — 90%
    • Real-time analy­sis was good. Saw that because we are in a HTF R apex we would have pos­si­bly no fol­low-through on moves. 
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • I was a lit­tle dis­tract­ed with per­son­al things but I didn’t let that get in the way of trad­ing. Did well here.
  • What’s one thing you learned today?
    • I can stay calm and col­lect­ed and don’t have to be emo­tion­al in the market.
  • What’s one thing I need to do more often?
    • Stick to my exit rules.
  • What’s one thing I need to do less often?
    • Don’t take prof­its too soon. If the set­up is valid it means that the set­up has sta­tis­ti­cal qual­i­ties that over the long-term will pay out even though you take a loss. 

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 Racing Enthusiast.

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