12 Jul 12072019 Friday — Trade Plan & Journal
12072019 Friday — 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 | Mon | Tue | Wed | Thu | Fri |
- | 8/7 | 9/7 | 10/7 | 11/7 | 12/7 |
Time bed yesterday | 0:36 | 0:48 | 0:12 | 22:45 | 0:53 |
woke up | 8:18 | 9:11 | 8:14 | 7:33 | 7:36 |
Hours sleep | 7:42 | 8:23 | 8:02 | 8:48 | 6:43 |
According to Fitbit | 6:38 | 7:08 | 6:58 | 7:31 | 5:32 |
Awake | 1:04 | 1:15 | 1:04 | 1:17 | 1:11 |
Times awake | 39x | 31x | 28x | 45x | 29x |
REM | 0:36 | 0:47 | 1:03 | 1:13 | 0:43 |
Light | 4:49 | 4:51 | 4:53 | 5:15 | 3:44 |
Deep | 1:13 | 1:30 | 1:02 | 1:03 | 1:05 |
Sleep well? | 4 | 4 | 4 | 4 | 3 |
Sleep Aid? | no | no | no | no | no |
Alcohol yesterday? | 0 | 3 beers | 2 beers | 0 | 0 |
Wore Fitbit? | yes | yes | yes | yes | yes |
Performed Daily Tasks? | yes | yes | yes | yes | yes |
Performed Health Tasks? | no | no | no | no | no |
Exercise yesterday? | no | no | no | no | no |
Coffees yesterday | 2 | 2 | 2 | 2 | 2 |
Intermittent fasting | no | no | yes | no | no |
Water L | 2 | 2 | 2 | 2 | 2 |
Vitamins | no | no | no | no | no |
Cigarettes | 3 | 3 | 1 | 0 | 1 |
- Weekly goal
- Follow health plan
- Failing miserably here but getting enough sleep at least.
- Not following regular time to bed
- Follow health plan
- 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 feel good although haven’t slept close to 8 hours last night so might get tired later. Will check this later on.
- How would you rate it (1–5)? 1/2 = don’t trade 3= quarter position 4= half position 5= full position
- 5
Market Prep
Intraday Technical Analysis
- HTF
- Define context
- Where were the overnight highs and lows and PVA?
- High 60.965
- PVAH 60.848
- PPOC 60.729
- PVAL 60.490
- Low 60.179
- Where is the LIS?
- PPOC Area
- What didn’t happen?
- We didn’t continue the HTF UT
- 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 after HTF UT
- HHTF UT @ 1.0 SD
- 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?
- HTFUKCCAR
- What has the Asian Session printed?
- Hugging HTF50MA, TTF50MA cross up over 200MA
- 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 Rotational 60.20 — 60.70
- Hypo 2 Short
- HTFUKCCAR
- Entry around 60.80
- Targets 60.50
- Hypo 3 Long
- TTF50MACAS
- Entry around 60.50
- Targets 60.70, 60.90
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.
Trades Taken
Daily Report Card
Trade Idea
- Hypo 1
- TTF R 60.20 — 60.70
- Hypo 2 Short
- HTFUKCCAR
- Entry around 60.80
- Targets 60.50
- Hypo 3 Long
- TTF50MACAS
- Entry around 60.50
- Targets 60.70, 60.90
Date: | 7/12/2019 | Weekly Goal | Execute A+ (TTF TC) / A setups (TTF NT) | |||
Combined Score | 93 | |||||
Process Report Card (10 each) | Performance Report Card (10 each) | |||||
8 | Session PECS | 70% | 7 | Real-time analysis | ||
8 | Hypos | 1/1 | 10 | Setups Identified (inc. TEST) | ||
10 | Market Prep | 1/1 | 10 | Setups taken | ||
10 | Daily review | 0/1 | 10 | Erroneous Entries | ||
10 | Progress tow. weekly goal | 0/1 | 10 | Erroneous Exits | ||
46 | Total | 47 | ||||
- 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.
- Review
- The Trade idea I saw developing that was according to my hypo 1 I traded poorly due to my stops being based on ‘normal’ market conditions. Hence I got stopped out a few times on the same idea and I stopped pursuing it to get a better understanding of the market conditions first. This is why I have not counted my stops as erroneous exits and actually prided myself to take my stops when they came and did not move them. I have documented similar plays in my playbook which I will review this weekend. Still gonna wait and see how my trade idea develops into the US session and perhaps trade it. I know that this kind of market context is messy to say the least but as I have seen this before there might still be an edge here and thus worth researching.
- How accurate was my assessment of market context?
- Hypo 1 — 80 %
- It was actually a TTF R oversold scenario which is interesting to see develop.
- Real-time analysis
- 70%
- Did OK although should have put my stops wider.
- 70%
- Hypo 1 — 80 %
- How well did I manage my physical, emotional and cognitive states?
- P: Although having slept a little less than normal I feel good.
- E: After taking 3 stops I did feel a bit anxious to start ‘making up’ for it which to be honest I did try but in a more educated way I guess. Failed with the making up with again too tight stops. So my real-time analysis should go down more (just adjusted from 90 to 70%)
- CS: I did fairly OK here
- What’s one thing you learned today?
- To be more patient in my assessment and
- Positive(s)
- Backed off after 3 stops
- Saw the move to target but not necessarily ‘the route’
- Lowered sizing in consequent efforts to trade the idea.
- Negative(s)
- Could have been more careful with my approach. I’ll go back and review.
Feedback?
Any questions or feedback you might have please feel free to leave a comment or contact me directly.
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