27052019 Monday — HTF R — TTF R NT TC 200MABO - Bear Market Trader
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27052019 Monday — HTF R — TTF R NT TC 200MABO

27 May 27052019 Monday — HTF R — TTF R NT TC 200MABO

Posted at 20:37h in Trading Plan by
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27052019 Mon­day — HTF R — TTF R NT TC 200MABO

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?
    • I feel good. Slept enough ear­ly and enough last night. Feel good. 
  • How would you rate it (1–5)?
    • 5

Mar­ket Prep

Intra­day Fundamentals

  • API report
    • Next release Thurs­day, May 30th, 2019
  • EIA report
    • Weird. On the same day? 
    • Next release Thurs­day, May 30th, 2019

Intra­day Tech­ni­cal Analysis

  • HTF
    • Define con­text
      • Where were the overnight highs and lows and PVA?
        • High 59.095
        • PVAH 58.785
        • PPOC 58.564
        • PVAL 58.178
        • Low 57.489
      • Where is the LIS?
        • 57.80 area
      • What didn’t happen?
        • We did not drop fur­ther and we seem to be in a HTF R
      • 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?
          • Bal­anc­ing in HTF R
  • TTF
    • What trade loca­tions among this struc­ture would l like to get involved in that will offer me the best R/R opportunities?
      • PPOC CAR / BO
    • What has the Asian Ses­sion printed?
      • TTF DT from HTF UKC to wards LKC indi­cat­ing HTF R in effect

Trade Idea

  • Hypo 1 Long
    • TTF200MABO
    • Entry around 58.55
    • Tar­gets 58.70, 58.90
  • Hypo 2 Short 
    • TTF200MACAR
    • Entry around 58.45
    • Tar­gets 58.20, 57.90, 57.70
  • Hypo 3 Short
    • Prev High CAR
    • Entry around 58.90
    • Tar­gets 58.60

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? 
    • 15:05
      • Pos­si­ble TTF200MACAR / PPOC CAR with dou­ble top, HTF R still in effect, TTF R might go into effect as well
    • 15:35
      • TTF show­ing full-bod­ied can­dles, pos­si­ble A/D, KC nar­row could see a TTF NT
      • Edit: no A/D instead less liq­uid­i­ty (spread is 48/49) because of Memo­r­i­al day + ear­ly close (US), Spring Bank Hol­i­day in UK, 
    • 16:05
      • Mar­ket has not made a move. I will not update this until some­thing happens.
    • 16:35
      • N/A
    • 17:05
      • Crossed TTF50MA on slight­ly high­er momen­tum and then died off again
    • 17:35
      • There was a TTF R TC set­up although not much fol­low-through on the move
    • 18:05
      • HTF TTF and LTF all flat
    • 18:35
      • N/A
    • 19:05
      • Test­ing of TTF200MA pos­si­ble BO
    • 19:35
      • TTF200MABO attempt

Trade Man­age­ment

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

  • T1 (2nd account, experimental)
    • Why? What do I see?
      • HTF
        • HTF R 50MABO
      • TTF
        • TTF R TC
        • Long Entry 10 @ 58.61
      • LTF
        • LTF T + PB to TTF50MA 
        • LTFLKCCAS
    • SL
      • 58.44
    • TP
      • 58.85
    • Trade Man­age­ment
      • I feel calm. HTF is show­ing a pos­si­ble move from 50MA to UKC so TP is below that. UKC is at 59.05 area TP is at 58.85
      • NY liq­uid­i­ty might cause trou­ble in a bit though
        • Price just dropped to VWAP again and we might be BD here
        • Last 5 min before NY open
      • Even though I think that I will get stopped out, sell­ers can’t seem to bring price down as well we are still above TTF VWAP

Dai­ly Report Card

Trade Idea

  • Hypo 1 Long
    • TTF200MABO
    • Entry around 58.55
    • Tar­gets 58.70, 58.90
  • Hypo 2 Short 
    • TTF200MACAR
    • Entry around 58.45
    • Tar­gets 58.20, 57.90, 57.70
  • Hypo 3 Short
    • Prev High CAR
    • Entry around 58.90
    • Tar­gets 58.60









Date:5/27/2019Week­ly GoalExe­cute A+ (TTF TC) / A setups (TTF NT)















Com­bined Score91











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

10Ses­sion PECS100%10Real-time analy­sis

1Hypos0/010Setups Iden­ti­fied

10Trad­ing the process0/010Setups tak­en

10Dai­ly review010Erro­neous Entries

10Progress toward Week­ly goal010Erro­neous Exits

41Total
50








  • Week­ly Goal
    • Only take A+ (TTF TC) and A (TTF NT) setups to build a track record to ana­lyze later. 
  • Review
    • Kin­da rushed a bit through my mar­ket prep because of lack of time due to oth­er commitments
    • Almost did not take a trade until very late in the ses­sion. I took a set­up that I have been exper­i­ment­ing with on my 2nd account. It got stopped out although still look­ing as if it will go my way. I will take note of this for my playbook. 
Entry ErrorsExit ErrorsType TradeMis­takes (if any)Siz­ingHit Tar­get?Rea­son to coverProb­lemPro­posed solution
00-----Low Liq­uid­i­ty because of Memo­r­i­al Day hol­i­day + Spring Bank Hol­i­day in UKPA does­n’t act in a way that is con­ducive for my setups
00TTF R TC (exper­i­men­tal)-10SOStopped out--
  • How accu­rate was my assess­ment of mar­ket context?
    • Didn’t take into account that today’s is Memo­r­i­al day + Spring Bank Hol­i­day in the UK cause of low liq­uid­i­ty in the mar­ket also con­firmed by the wider than nor­mal spreads. So my Hypos were not good. 
  • How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?
    • Did well here.
  • What’s one thing you learned today?
    • When the reports don’t come out on Tues/Wednesday keep in mind that there is a hol­i­day in the week. Remem­ber this as part of your process. 
  • What’s one thing I need to do more often?
    • Be patient and let the mar­ket lead no mat­ter how long you have to wait for your set­up to arise. 
  • What’s one thing I need to do less often?
    • Can’t think of any­thing now

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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