20210928 Trade Review DAX - Bear Market Trader
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20210928 Trade Review DAX

20210928 Trade Review DAX

Play: Weak­ness From With­in IBR

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

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  • Result
    • 2R
  • Prod­uct
    • DAX
  • Open Sen­ti­ment
    • Open 0.37xASR Below Val­ue, Out­side Range, Mod­er­ate to Large Imbalance,
  • IBR
    • 0.9xASR
  • Hypo
    • 3
    • Weak­ness from With­in IBR, vari­a­tion to Hypo 1 or 2 in line with a pos­si­ble con­tin­u­a­tion to H4 Bear Engulf
  • Attempt­ed Setup
    • Weak­ness From With­in IBR
  • Entry Tech­nique
    • M15 Inside Bar at M30 con­sol­i­da­tion high, M5 DBD at M5 VWAP in DT
  • SL place­ment
    • 30 pips. Slight­ly tighter than stan­dard SL (35) but it was placed above the struc­ture. This was good. 
  • TPO peri­od for Entry
    • E TPO
  • Trade Dura­tion
    • 45 min­utes
  • Long/Short
    • Short
  • Lead­ing Narrative
    • Asia closed down form­ing a H4 Bear Engulf after the pre­vi­ous day closed as a D1 Grave­stone Doji. Pos­si­bil­i­ty for a uni­di­rec­tion­al day. IB opened mod­er­ate to large imbal­ance and tra­versed down tak­ing out demand. Then C TPO extend­ed and closed below IB exhaust­ing ADR. Even with the wide IBR the best oppor­tu­ni­ty here is for a con­tin­u­a­tion with the move. Due to the wide IBR a sus­tained auc­tion is not the best play. Thus weak­ness from with­in IBR can be an entry to go with the open sen­ti­ment. Trend was also Down 2/3.

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Actu­al Development

M15 mean­dered a lit­tle bit but still clos­ing down and form­ing a M30 Three Inside Down. Price slowed down at LTF demand (as well as W1 demand) before con­tin­u­ing and hit­ting my 2R target.

Good points

  • That I spot­ted the narrative
  • That I exe­cut­ed based on Price action weak­ness from with­in IBR along with the open sentiment.

Bad Points

  • Due to the nar­ra­tive and open sen­ti­ment I could have had Hypo 3 Weak­ness from with­in IBR as hypo 1 and Hypo 4 Sus­tained Auc­tion Down as my hypo 2. 

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Next Day Analysis

  • Tar­get hit?
    • Yes, 2R
  • Time-based Exit?
    • 2.2R
  • Over­lap Noise?
    • 2.5R
  • End of Day?
    • 6.1R
  • High­est R multiple?
    • 7.4R

TAGS: Below Val­ue, Out­side Range, Mod­er­ate to Large Imbalance, 

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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