31052019 Friday — HTF D TC — TTF R D NT — LTF D NT TC - Bear Market Trader
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31052019 Friday — HTF D TC — TTF R D NT — LTF D NT TC

31 May 31052019 Friday — HTF D TC — TTF R D NT — LTF D NT TC

Posted at 20:11h in Trading Plan by
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31052019 Fri­day — HTF D TC — TTF R D NT — LTF D NT TC

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?
    • Good.
  • How would you rate it (1–5)?
    • 5

Mar­ket Prep

Intra­day Fundamentals

  • API report
    • May 29th, 2019
    • -5.3M
  • EIA report
    • Lat­est Release May 30, 2019
    • Actu­al ‑0.282M
    • Fore­cast ‑0.857M
    • Pre­vi­ous 4.740M

Intra­day Tech­ni­cal Analysis

  • HTF
    • Define con­text
      • Where were the overnight highs and lows and PVA?
        • High 59.690
        • PVAH 59.690
        • PPOC 59.085
        • PVAL 57.726
        • Low 56.364
      • Where is the LIS?
        • PVAL area
      • What didn’t happen?
        • We didn’t reverse on the HTF
      • 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?
          • Imbal­ance
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • HTF D TC
    • What has the Asian Ses­sion printed?
      • Drop below prev low and then a nar­row range 55.95 — 56.25

Trade Idea (less clarity)

  • Hypo 1 Short
    • Prev Low CAR
    • Entry 56.30
    • Tar­gets 55.75, 55.50
  • Hypo 2 Long
    • Prev low BO
    • Entry 56.45
    • Tar­gets 56.90, 57.40

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 D TC, TTF R, LTF R, 
      • Pos­si­ble oppor­tu­ni­ty TTF200MACAR / HTF D TC @ LKC
    • 16:35
      • Some A/D going on between TTF UKC and 50MA
    • 17:05
      • TTF R 50MABD absorp­tion at TTF LKC
    • 17:35
      • LTF D NT + TC in effect
    • 18:05
      • LTF Rever­sal in effect
    • 18:35
      • HTF D TC (last exhaust­ed leg) TTF TT 

Trade Man­age­ment

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

  • T1 (exper­i­men­tal)
    • Why? What do I see?
      • HTF
        • HTF D TC
      • TTF
        • TTF R D NT
        • Entry 2 @ 55.595
      • LTF
        • (exper­i­men­tal) LTF D TC @ VWAP
    • SL
      • TP
        • 55.33
      • Trade Man­age­ment
        • Cov­ered at 55.517
    • T2 (exper­i­men­tal)
      • Why? What do I see?
        • HTF
          • HTF D TC
        • TTF
          • TTF D TC 1.0SD
          • Entry 2 @ 55.065
        • LTF
          • (exper­i­men­tal) LTF D TC @ LKC after cross VWAP
      • SL
        • TP
          • 55.065
        • Trade Man­age­ment
          • Stopped out at 55.317
      • T3 (exper­i­men­tal)
        • Why? What do I see?
          • HTF
            • HTF D TC
          • TTF
            • TTF D TC
            • Entry 2 @ 55.29
          • LTF
            • (exper­i­men­tal) LTF D TC @ 50MA
        • SL
          • TP
            • 55.06
          • Trade Man­age­ment
            • Stopped out 55.348

        Dai­ly Report Card

        Trade Idea (less clarity)

        • Hypo 1 Short
          • Prev Low CAR
          • Entry 56.30
          • Tar­gets 55.75, 55.50
        • Hypo 2 Long
          • Prev low BO
          • Entry 56.45
          • Tar­gets 56.90, 57.40









        		Date:5/31/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)















        		Com­bined Score98











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

        		10Ses­sion PECS100%10Real-time analy­sis

        		8Hypos3/310Setups Iden­ti­fied (TEST)

        		10Trad­ing the process3/310Setups 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
          • I am hap­py with my per­for­mance today. I am learn­ing more and more about mar­ket struc­ture with­in the con­text of my own per­spec­tive if that makes any sense. 
          • Took 3 exper­i­men­tal trades with ⅕ of nor­mal size and am hap­py with that although 2 stopped out 
        Psy­chol­o­gy Journal
        Entry ErrorsExit ErrorsType TradeMis­takes (if any)Siz­ingHit Tar­get?Rea­son to coverProb­lemPro­posed solutionAction
        00(exper­i­men­tal) LTF D TC @ VWAP-2NOCov­ered at pre­vi­ous swing lowprice on LTF does­n’t clean­ly fol­low my exit rules so I cov­ered at pre­vi­ous lowOn the LTF the over Price Action pat­tern is valid and not the exit rule cri­te­ria — replay and write it up in PBReplay — PB
        00(exper­i­men­tal) LTF D TC @ LKC after cross VWAP-2SOSO @ just above entry-can­dle upper wick---
        00(exper­i­men­tal) LTF D TC @ 50MA-2SOSO @ just above entry-can­dle upper wick---
        • How accu­rate was my assess­ment of mar­ket context?
          • It was on point. Learn­ing so much on how HTF mar­ket struc­ture dic­tates moves on the TTF and LTF.
          • Hypo 1 80% — I could have giv­en this more but the rea­son why I didn’t is I didn’t see the set­up on the TTF (my exper­i­men­tal setup)
        • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
          • Did a good job. 
        • What’s one thing you learned today?
          • Con­firm­ing more and more how HTF pro­vides con­text for my TTF.
        • What’s one thing I need to do more often?
          • Be the scientist.
        • What’s one thing I need to do less often?
          • Doubt your­self. Stick to the plan. Loss­es are part of the plan. There is no certainty. 

        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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