21052019 Tuesday — HHTF200MA area — HTF R 50MABD — TTF200MAPB

21052019 Tues­day — HHTF200MA area — HTF R 50MABD — TTF200MAPB

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
  • Lose 2KG, eat less rice, noo­dles, etc.
• How do you feel?
  • I feel good. Should have slept a lit­tle more though. 
• How would you rate it (1–5)?
  • 4

Mar­ket Prep

Intra­day Fundamentals

• API report
  • Next release today Tues­day, May 21st
• EIA report
  • Next release tomor­row Wednes­day, May 22nd

Intra­day Tech­ni­cal Analysis

• HTF
  • Define con­text
    • Where were the overnight highs and lows and PVA?
      • High 63.945
      • PVAH 63.528
      • PPOC 63.229
      • PVAL 62.785
      • Low 62.591
    • Where is the LIS?
      • PPOC area
    • What didn’t happen?
      • We didn’t BD from Prev Low and mar­ket is still 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 between 62.60 and 63.80 areas and has not made a move yet

• TTF
  • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
    • PPOCBD or PPOCCAS
  • What has the Asian Ses­sion printed?
    • TTF kin­da flat­ten­ing fol­low­ing VWAP / 50MA

Trade Idea (not much clarity)

• Hypo 1 Long
  • PVAHBO
  • Entry 63.60
  • Tar­gets 63.85
• Hypo 2 Long
  • PPOCCAS
  • Entry around 63.35
  • Tar­gets 63.75
• Hypo 3 Short
  • PPOCBD
  • Entry around 63.15
  • Tar­gets 62.85

My goals for the day (Dai­ly Report Card)

• Define win­ning
  • Only take A+ (TTF TC) and A (TTF NT) setups to build a track record to ana­lyze later

Read­ing the Tape

• What is printing? 
  • 16:35
    • TTF A/D going on between TTF50 and 200MA
  • 17:05
    • TTF200MAPB pos­si­ble HTF50MABD
  • 17:35
    • Price moved back up to TTF200MA and formed a pos­si­ble rever­sal can­dle at HTF50MA and thus might be reversing

Trade Man­age­ment

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

• T1 (exper­i­men­tal 2nd account)
  • Why? What do I see?
    • HTF
      • Pos­si­ble HTF50MABD
    • TTF
      • TTF200MAPB
      • Entry 10 @ 63.32
    • LTF
      • LTF TC @ VWAP LKC area
  • SL
  • TP
  • Trade Man­age­ment
    • Cov­ered at 63.27 because it didn’t drop fast enough and formed a rever­sal candle

Dai­ly Report Card

Trade Idea (not much clarity)

• Hypo 1 Long
  • PVAHBO
  • Entry 63.60
  • Tar­gets 63.85
• Hypo 2 Long
  • PPOCCAS
  • Entry around 63.35
  • Tar­gets 63.75
• Hypo 3 Short
  • PPOCBD
  • Entry around 63.15
  • Tar­gets 62.85

	Date:	5/21/2019	Week­ly Goal	Exe­cute A+ (TTF TC) / A setups (TTF NT)
	Com­bined Score	98
	Process Report Card (10 each)		Per­for­mance Report Card (10 each)
	9	Ses­sion PECS	100%	10	Real-time analy­sis
	9	Hypos	0/0	10	Setups Iden­ti­fied
	10	Trad­ing the process	0/0	10	Setups tak­en
	10	Dai­ly review	0	10	Erro­neous Entries
	10	Progress toward Week­ly goal	0	10	Erro­neous Exits
	48	Total		50

• Week­ly Goal
  • Only take A+ (TTF TC) and A (TTF NT) setups to build a track record to ana­lyze later
• Review
  • I didn’t see my setups come by but it was a good day to learn 

Entry Errors	Exit Errors	Type Trade	Mis­takes (if any)	Siz­ing	Hit Tar­get?	Rea­son to cover	Prob­lem	Pro­posed solution
0	0	LTF TC / TTF200MACAR	-	10	-	Did­n’t drop fast enough + rever­sal candle	-	-

• How accu­rate was my assess­ment of mar­ket context?
  • Hypo 2 — 90%
  • Real-time analy­sis was on point. I noticed that price wasn’t behav­ing in a way accord­ing to how I take my setups so I was extra cau­tious. When we had a TTF200MABD I took an exper­i­men­tal trade on my 2nd account but when I real­ized there was no con­tin­u­a­tion to the move I quick­ly covered.
• How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
  • I did well here even though I have not been the fittest these last days. No excuses. 
• What’s one thing you learned today?
  • This was some­thing that I had been think­ing of before. I had tak­en over DRC details from oth­ers in the com­mu­ni­ty but cer­tain details I always had con­fu­sion about so I changed it to detail specifics I am cur­rent­ly track­ing. I’ll try this for­mat out for a while and see how this suits me (thanks Edward).
• What’s one thing I need to do more often?
  • Be more patient and gath­er ‘clues’ to what the mar­ket con­text is try­ing to tell me before I hop on. 
• What’s one thing I need to do less often?
  • Let social life inter­fere with trad­ing. Apps off. 

Feed­back?

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