Premarket prep 15th April

Premarket process sheet :

Self-check ins:

What am I grateful for today: I am grateful for the fact that I have the ability to trade, my parents
don’t force me to get me a job and are pretty supportive of the things I do

Longer term goals: Become a process oriented trader, achieving the ability to not trade when a good
setup isn’t there, not fomoing.

Check in:

1.) Am I sick/ tired or upset: No

2.) Am I feeling underconfident or over confident: Pretty neutral

Process goal for today: Process goal for the day is to only take trades that are in line with my trade
process check list

Visualization for the process goal:

Major economic releases:

Stacked news pre market, nothing major post market, the overnight profile will be pretty wild

Chart analysis:

Crude oil

Weekly

DVA

1.) Current condition : NA

2.) Recent rejection NA
3.) Likely destinations NA
4.) What didn’t happen NA
5.) Future acceptance possibilities NA
6.) Overall grade based on recency of shift NA

PVA:

1.) Current condition : Imbalanced down

2.) Recent rejection : market broke through pval overnight, got rejected above last week’s pva,
and headed higher to test pval
 3.) Likely destinations: expecting lower excursion after brpb of pval
4.) What didn’t happen: na
5.) Future acceptance possibilities: it could continue to go higher after news release and accept
back into pval, then eventually go higher to touch pvah
6.) Overall grade based on recency of shift: very recent, -8

Monthly:

DVA

7.) Current condition : Rotational

8.) Recent rejection : it took a rejection at monthly dval
9.) Likely destinations: headed higher to vwap and likely to dvah
10.)What didn’t happen : na
11.)Future acceptance possibilities: market could attempt an ipb on monthly, depending on
news, and would be confluent with the weekly pva narrative
12.)Overall grade based on recency of shift: not recent at all , +4

PVA:

7.) Current condition : imbalanced up

8.) Recent rejection na
9.) Likely destinations na
10.)What didn’t happen na
11.)Future acceptance possibilities market could go lower and accept back into it, but unlikely as
it’s too far away
12.)Overall grade based on recency of shift: 0 ,not recent at all , not worth considering

Quarterly:

DVA

13.)Current condition na
14.)Recent rejection na
15.)Likely destinations na
16.)What didn’t happen na
17.)Future acceptance possibilities na
18.)Overall grade based on recency of shift na

PVA:

13.)Current condition : ipb up

14.)Recent rejection na
15.)Likely destinations na
16.)What didn’t happen na
17.)Future acceptance possibilities: could go back into it, but unlikely to happen as it’s so far
away
18.)Overall grade based on recency of shift: 0

Yearly:

DVA

19.)Current condition : imbalanced up

 20.)Recent rejection : market failed to hold fast trend, now Its chopping around
21.)Likely destinations: headed towards ydvah, but given how it’s chopping around, Its more like
ydvah will move higher to catch up to it
22.)What didn’t happen: after failure to maintain above + 2, market didn’t immediately go back
to ydvah, instead it’s balancing above there, which is what makes me think ydvah will come
up instead of price going down
23.)Future acceptance possibilities: it could maintain a fast trend again, or break down towards
ydvah depending on how it breaks out of current balance
24.)Overall grade based on recency of shift: 0, nothing recent here

Profile distribution:

The market overnight accepted below the 8 and 3 day cval, currently bearish from these levels, this
also aligns with weekly pval narrative

The acceptance picture can change and we might go rotational again.

Hypos for the day:

Hypo 1: Market goes down : Breakout pullback of weekly pva + breakout pullback of cva:
That’s the current most likely scenario based on current conditions, if that happens the only
resistance here is monthly dval, but since it’s not a fresh level, it’s an okay trade to take, B-
Hypo 2: Market accepts above wpval, accepts back inside the cva’s , and moves up, this
would also be an extreme rotational fade of monthly dval, so A trade.

ES:

Weekly

DVA

25.)Current condition
26.)Recent rejection
 27.)Likely destinations
28.)What didn’t happen
29.)Future acceptance possibilities
30.)Overall grade based on recency of shift

PVA:

19.)Current condition
20.)Recent rejection
21.)Likely destinations
22.)What didn’t happen
23.)Future acceptance possibilities
24.)Overall grade based on recency of shift

Monthly:

DVA

31.)Current condition
32.)Recent rejection
33.)Likely destinations
34.)What didn’t happen
35.)Future acceptance possibilities
36.)Overall grade based on recency of shift

PVA:

25.)Current condition
26.)Recent rejection
27.)Likely destinations
28.)What didn’t happen
29.)Future acceptance possibilities
30.)Overall grade based on recency of shift

Quarterly:

DVA

37.)Current condition
38.)Recent rejection
39.)Likely destinations
40.)What didn’t happen
41.)Future acceptance possibilities
42.)Overall grade based on recency of shift

PVA:

31.)Current condition
32.)Recent rejection
33.)Likely destinations
34.)What didn’t happen
35.)Future acceptance possibilities
36.)Overall grade based on recency of shift
Yearly:

DVA

43.)Current condition
44.)Recent rejection
45.)Likely destinations
46.)What didn’t happen
47.)Future acceptance possibilities
48.)Overall grade based on recency of shift

PVA:

37.)Current condition
38.)Recent rejection
39.)Likely destinations
40.)What didn’t happen
41.)Future acceptance possibilities
42.)Overall grade based on recency of shift

Profile distribution:

PVA

49.)Current condition
50.)Recent rejection
51.)Likely destinations
52.)What didn’t happen
53.)Future acceptance possibilities
54.)Overall grade based on recency of shift

CVA:

43.)Current condition
44.)Recent rejection
45.)Likely destinations
46.)What didn’t happen
47.)Future acceptance possibilities
48.)Overall grade based on recency of shift

Hypos for the day:

Journal

18:44 market very strong and bullish on open, but context still short, the open did an extreme fade
of ovn balance, stalking change of character short
Trade done, exited 3 at dval, and the last one after we wicked the overnight low, maybe the last exit
was a bit too soon, should have waited for a change of character to occur?

Final risk reward: 1: 1.45

Post market review:

Had 2 hypos in crude, the B- one ended up playing out.

I took an initial short but got stopped out, I think that first short was bad because there was no
heikin ashi shift on the 800 chart, the thing I did wrong was that I should only look at 100 chart when
there is a complex pullback for a lower high, when there is no complex pullback, I should only refer to
the ttf chart.

Another issue was trade management on the final scale out, I exited too early in a sharp trend, could
have squeezed a few more ticks out, I need to wait for a change of character on the runner instead of
exiting too early just because we hit target.

Did I hit my process goal: No on the first trade as I was too zoomed in on the 100 chart, but the
second trade was executed really well, so well done on that

Overall a decent green day.

New goals: ONLY USE MICRO TTF FOR COMPLEX PBs, WAIT FOR CHOCH IN THE RUNNER TRADE.