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20210914 Trade Review DAX T1 & T2 + Missed Trade - Bear Market Trader
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20210914 Trade Review DAX T1 & T2 + Missed Trade

20210914 Trade Review DAX T1 & T2 + Missed Trade

Play: Val­ue Acceptance

#fin­twit #order­flow #day­trad­ing #trad­in­gre­view #price­ac­tion #chartre­view #DAX #DE30 #DE30Cash

Mar­ket Narrative

The prev. Day had exceed­ed ADR. Trend is up 2/3. Price opened 0.07xASR below val­ue, with­in range. Price accept­ed val­ue dur­ing IB and extend­ed in C. There was a H4 Sup­ply with­in val­ue and due to the D1 being exceed­ed ADR the pre­vi­ous day. 

Click to Enlarge

What hypo was it?

Hypo 1

Val­ue Acceptance

Hypo 3

Failed Auc­tion Short

Failed Auc­tion came first then the con­tin­u­a­tion to the val­ue acceptance.

How was the Entry?

T1 Entry was bad as the loca­tion was bad.

Click to Enlarge

T2 was a bet­ter entry but got stopped out as well

Click to Enlarge

How was the SL place­ment and sizing?

Stan­dard sized SL on both the trades. 

How was the prof­it target?

Not good on the first. Good on the 2nd. 

T1

Click to Enlarge

T2

Click to Enlarge

How was the Exit?

Both Stops got hit and I was down ‑2R on the day. 

What would a price action-based exit have done for the trade?

-1R, ‑1R

What would a time-based exit have done for the trade?

same

What did I do well?

I didn’t do well on the first trade as I felt pushed to get into the trade by my men­tor. This was my mis­take. I should not have felt pushed and gath­ered my thoughts before tak­ing the trade.

The 2nd trade was a good trade but still got stopped out.

What could I have done better?

I could have not let my men­tor get to me. Words are just words. I shouldn’t let them affect me. I have found a way around this and will act accord­ing­ly from now on. 

Obser­va­tions

N.A.

Missed Oppor­tu­ni­ty

The Failed Auc­tion play as out­lined in my hypo 3. This was def­i­nite­ly an oppor­tu­ni­ty worth taking. 

TAGS: Mod­er­ate imbal­ance, Trend is UP 2/3, Below Val­ue, With­in Range, Prev. Day Exceed­ed ADR,

Pre­mar­ket prep on the day

Dai­ly Report Card on the day

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim racer/Pilot.

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