24062019 Monday — Trade Plan & Journal

24 Jun 24062019 Monday — Trade Plan & Journal

24062019 Mon­day — 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 (for the past week)

• Week­ly goal
  • Eat less carbs by only hav­ing 2 meals a day but switch the times up every 2 days
• How do you feel? Have you recent­ly had a break of dai­ly rou­tine (like a trip)?
  • I feel OK. I slept a lot to ‘catch up’.
• How would you rate it (1–5)? 1 = don’t trade 2/3 =half posi­tion siz­ing 4/5 = full position
  • 4

Mar­ket Prep

Intra­day Fundamentals

• API report
  • Tomor­row
• EIA report
  • Wednes­day

Intra­day Tech­ni­cal Analysis

• HTF
  • Define con­text
    • Where were the overnight highs and lows and PVA?
      • High    57.951
      • PVAH    57.634
      • PPOC    57.379
      • PVAL    57.183
      • Low    56.646
    • Where is the LIS?
      • PPOC area
    • What didn’t happen?
      • We did not BO or CAR from HHTF200MA yet
    • 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 MO dying off PA with­in Upper KC walk­ing the 50MA

• TTF
  • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
    • HTF50MACAS
  • What has the Asian Ses­sion printed?
    • Very nar­row PA form­ing a small tri­an­gle on TTF

Trade Idea (less clarity)

• Hypo 1 Long — weighed 7
  • TTF200MACAS
  • Entry around 57.50
  • Tar­gets
• Hypo 2 Short — weighed 4
  • TTF200MABD
    • Entry around 57.50
    • Tar­gets 57.05
• Hypo 3 Rota­tion­al 57.60 — 57.90

My goals for the day (Dai­ly Report Card)

• Define win­ning
  • Have patience in only tak­ing 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 on 2nd account

Read­ing the Tape

• What is printing? 
  • 16:35
    • TTF Over­bought into TTFLKCCAS
  • 17:05
    • TTF R in effect seem to have reject­ed TTF200MA, wait­ing for a TTF R U NT opportunity
  • 17:35
    • TTF R still in effect, fail­ure to make HL with­in KC 50MA hold­ing as resistance.
  • 18:05
    • TTF R still in effect, fail­ure to make HL with­in KC 50MA hold­ing as resistance.
  • 18:35
    • Pos­si­ble TTF R 50MA BOand LTF200MABO
  • 19:05
    • Anoth­er test of TTF200MA pos­si­ble rejec­tion or BD
  • 19:35
    • Pos­si­ble TTF R 200MABD but PA is very slug­gish so could just be a fake. 

Dai­ly Report Card

• Hypo 1 Long — weighed 7
  • TTF200MACAS
  • Entry around 57.50
  • Tar­gets
• Hypo 2 Short — weighed 4
  • TTF200MABD
    • Entry around 57.50
    • Tar­gets 57.05
• Hypo 3 Rota­tion­al 57.60 — 57.90

	Date:	6/24/2019	Week­ly Goal	Exe­cute A+ (TTF TC) / A setups (TTF NT)
	Com­bined Score	95
	Process Report Card (10 each)		Per­for­mance Report Card (10 each)
	7	Ses­sion PECS	100%	10	Real-time analy­sis
	8	Hypos	2/2	10	Setups Iden­ti­fied (inc. TEST)
	10	Trad­ing the process	2/2	10	Setups tak­en
	10	Dai­ly review	0/2	10	Erro­neous Entries
	10	Progress tow. week­ly goal	0/2	10	Erro­neous Exits
	45	Total		50

• Week­ly Goal
  • Have patience in only tak­ing 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 on 2nd account
• Review

P/L ticks	Trade	Entry Errors	Exit Errors	Type Trade	Siz­ing	Rea­son to cover	Prob­lem	Pro­posed solution
2.1	1	0	0	(exper­i­men­tal) TTF R UKCCAR	1	Scratched	not enough momentum	-	-
3.6	2	0	0	(exper­i­men­tal) TTF R LKCCAR	1	Scratched	not enough momentum	-	-

• How accu­rate was my assess­ment of mar­ket context?
  • Hypo
    • HYPO 3 — 80%
  • Real-time analy­sis
    • I did well here
• How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
  • P: Didn’t sleep enough on week­end which caused me to feel tired today
  • E: Did well here
  • CS: because of being tired, I did not focus as well but I did well to not make mistakes
• What’s one thing you learned today?
  • Sleep is impor­tant and I have already made changes to my rou­tine to make changes
• What’s one thing I need to do more often?
  • Stick to my setups but be free to experiment
• What’s one thing I need to do less often?
  • Try and rush my progress. One step at a time. Earn your progress. 

Feed­back?

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