10052019 Friday — HTF R HTF Triangle — TTF R - Bear Market Trader
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10052019 Friday — HTF R HTF Triangle — TTF R

10 May 10052019 Friday — HTF R HTF Triangle — TTF R

Posted at 19:07h in Trading Plan by
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10052019 Fri­day — HTF R HTF Tri­an­gle — 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
    • Don’t eat rice noo­dles etc.
  • How do you feel?
    • I feel good but not as sharp. 
  • How would you rate it (1–5)?
    • 4

Mar­ket Prep

Intra­day Fundamentals

  • API report
    • Lat­est Release May 07, 2019
    • Actu­al 2.806M
    • Pre­vi­ous 6.810M
  • EIA report
    • Lat­est Release May 08, 2019
    • Actu­al ‑3.963M
    • Fore­cast 1.215M
    • Pre­vi­ous 9.900M

Intra­day Tech­ni­cal Analysis

  • HTF
    • Define con­text
      • Where were the overnight highs and lows and PVA?
        • High 62.268
        • PVAH 61.924
        • PPOC 61.637
        • PVAL 61.373
        • Low 60.992
      • Where is the LIS?
        • PPOC area
      • What didn’t happen?
        • We didn’t break to new highs
      • 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 still in effect but BO more likely
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • HOLD PVAH into BO from Prev High
  • LTF
    • What has the Asian Ses­sion printed?
      • AS tried break­ing Prev high but then returned to PPOC in what looks like a pos­si­ble rejection

Trade Idea

  • Hypo 1 Long
    • HOLD PVAH into BO from Prev High
    • Entry around 62
    • Tar­gets 62.25, 62.45, 62.90
  • Hypo 2 Short
    • BD from PVAH into PPOC
    • Entry 61.80
    • Tar­gets 61.60
  • Hypo 3 Short
    • BD PVAH PPOC to PVAL
    • Entry 61.80
    • Tar­gets 61.60, 61.40

My goals for the day (Dai­ly Report Card)

  • Define win­ning
    • Per­form well by EXECUTING play­book setups and be hap­py by doing what I love and under­stand­ing that I give myself over to the ran­dom­ness of the market

Read­ing the Tape

  • What is printing? 
    • 16:35
      • Drop to PVAH (which is also TTF200MA) ear­li­er fol­lowed by a high momen­tum move back up to TTFUKC. Haven’t bro­ken out yet though so.
    • 17:05
      • No TTFUKCBO. Looks like a HTF Tri­an­gle and we are in the apex now. Let’s see what the mar­ket will decide on. 
    • 17:35
      • Not much going on yet.
    • 18:05
      • Small drop to TTF200MA. Pos­si­ble BD. LTF show­ing pos­si­ble LTF TC at LTF VWAP LKC.
    • 18:35
      • No TTF200MA BD. Price moved back up to TTF50MA. HTF show­ing long­bod­ied can­dles in a range.
    • 19:05

    ================================================================

    NO TRADES TAKEN

    ================================================================

    Dai­ly Report Card

    Trade Idea

    • Hypo 1 Long
      • HOLD PVAH into BO from Prev High
      • Entry around 62
      • Tar­gets 62.25, 62.45, 62.90
    • Hypo 2 Short
      • BD from PVAH into PPOC
      • Entry 61.80
      • Tar­gets 61.60
    • Hypo 3 Short
      • BD PVAH PPOC to PVAL
      • Entry 61.80
      • Tar­gets 61.60, 61.40

    Date:5/10/2019Week­ly GoalExe­cute Play­book setups
    Com­bined Score90
    Process Report Card (10 each)Per­for­mance Report Card (10 each)
    8Pre-mar­ket routines7Hypos
    9Ses­sion PECS10Real-time analy­sis
    10Trad­ing the process10Trade selec­tion
    8Dai­ly review10Trade Exe­cu­tion & Mgmt.
    9Progress toward Week­ly goal9Risk Adjust­ed Returns
    44Total46
    • Week­ly Goal
      • Per­form well by EXECUTING play­book setups and be hap­py by doing what I love and under­stand­ing that I give myself over to the ran­dom­ness of the market
    • Review
      • Didn’t see my set­up so did not take any trades today.
    • How accu­rate was my assess­ment of mar­ket context?
      • Not too great. It looked like Hypo 1 was gonna play out but we didn’t BO. Prob­a­bly dur­ing NY ses­sion. The whole ses­sion we trad­ed in a range between 61.90 and 62.30
    • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
      • I did well here.
    • What’s one thing you learned today?
      • If there’s no set­up don’t try and get involved anyway
    • What’s one thing I need to do more often?
      • Be patient.
    • What’s one thing I need to do less often?
      • Look for pat­terns to trade on the LTF. The TTF is my Trad­ing Time Frame.

    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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