This (June) MONTH'S FOCUS is Being Selective and
Trading ONLY PLAYBOOK Plays, Size up after 1wk
Trading ONLY PLAYBOOK Plays, Size up after 1wk
GTOs til End of June:
June Playbook:
1) Bounce Short- 10m>30m>50m resistance volumes and 50%+ on HOD = 2R, 4R, 6R
2) Bounce Short FMC- up at least 40% on HOD wait for 400k+ 5m stuff candle or trend breakdown near resistance = 1R
3) AM Mean Rev / Intraday Gap Reversal- Must be 1:2 Risk/Reward from EMA + LowrHighs = 1R
4) PM Mean Rev / Only with Daily Resistance + AM Resistance, overextended from EMA's
5) Range Consolidation Short = Must be 1:2 Risk/Reward from HigherTF, Entry is top half of range, can add MoMo if really overextended and Consolidation >3hrs
6) Gap UP Short- 70% Gap, 10%+ AM Spike only = 30
7) Gap UP FMC- up 60%+ AND must have 400k+ stuff candle +trendbreakdown = 30
1) Bounce Short- 10m>30m>50m resistance volumes and 50%+ on HOD = 2R, 4R, 6R
2) Bounce Short FMC- up at least 40% on HOD wait for 400k+ 5m stuff candle or trend breakdown near resistance = 1R
3) AM Mean Rev / Intraday Gap Reversal- Must be 1:2 Risk/Reward from EMA + LowrHighs = 1R
4) PM Mean Rev / Only with Daily Resistance + AM Resistance, overextended from EMA's
5) Range Consolidation Short = Must be 1:2 Risk/Reward from HigherTF, Entry is top half of range, can add MoMo if really overextended and Consolidation >3hrs
6) Gap UP Short- 70% Gap, 10%+ AM Spike only = 30
7) Gap UP FMC- up 60%+ AND must have 400k+ stuff candle +trendbreakdown = 30
TRADING GOALS TIL END OF JUNE:
1) Size up x2 of current size mid-june
2) ALL Trades must fit ONE of the Playbook Plays, Verbalize play PRIOR to entering
2) ALL TRADES are based on the 5min Chart.. FCK the VWAP focus on S/R Levels !!!
2) ALL Trades must fit ONE of the Playbook Plays, Verbalize play PRIOR to entering
2) ALL TRADES are based on the 5min Chart.. FCK the VWAP focus on S/R Levels !!!
4) Crowded or FMC Trades.. Be patient for Trend Breakdown and 400k 5m stuff candle
5) Focus on starting your day with 1 playbook trade. **DO my After Trade Actions (ATA) !!!** Monitor execution of ATAs, refine as needed.
6) No 2nd Green Day/No resistance Trades unless it 100% 1st day and 100% on 2nd Day.
Discipline is a lagging indicator. Focus on your behavior in the NOW moment.
Learning Lesson: Listen to Emotion > Change my state > ASK QUESTIONS > Focus on the process/grind. Shrug it off and keep moving forward !!
If there is nothing today fitting the criteria, either study or take the day off !!!
PREMEDITATIO MALORUM
FEAR SETTING / FEAR REHEARSAL for the week:
DEFINE ----------------------------- PREVENT ----------------------------- Repair
1) FOMO ------------------------------Pre-Market Preparation -------- Sleep on Time to wake up on time
2) FOMO ----------------------- Follow ONLY Playbook Trades --- There's always opportunity LATER
3) Fear of Losing $$$$------ Bracket the orders and let SL get hit ------- Reassess if Entry was correct
WHAT ARE THE BENEFITS OF PARTIAL SUCCESS:
1) As long as I remain resilient and refine my systems--I am one step closer to CPT
2) If I wake up early enough--I will be awake for screen time and accomplish more tasks.
3) If I reduce FOMO trades--I will preserve my capital and improve my discipline.
Accept the emotions and no longer identify with them. It's much easier to see things in the external world without passing judgement on them..
