20211005 Trade Review DAX - Bear Market Trader
Trade Review, Reviewing Trades, CPT, Consistently Profitable Trader, day trading, swing trading, road to success, road to becoming a CPT,

20211005 Trade Review DAX

20211005 Trade Review DAX

Play: Val­ue Edge Reversal

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

Click to Enlarge
  • Result
    • -1R
  • Prod­uct
    • DAX
  • Open Sen­ti­ment
    • Below Val­ue, With­in Range, 0.23xASR, Mod­er­ate Imbalance
  • IBR
    • 0.59xASR
  • Hypo
    • 1
    • Return to Val­ue, Val­ue edge rever­sal, pos­si­ble Failed Auc­tion short
  • Attempt­ed Setup
    • Val­ue Edge Reversal
  • Entry Tech­nique
    • Pull­back to new­ly formed sup­ply with­in IBR after a slight exten­sion in C TPO
  • SL place­ment
    • Stan­dard size slight­ly above IB high
  • TPO peri­od for Entry
    • C TPO
  • Trade Dura­tion
    • 1:06:01
  • Long/Short
    • Short
  • Lead­ing Narrative
    • Trend is down 2/3. Open below val­ue sen­ti­ment, with­in range

Click to Enlarge

Actu­al Development

Price final­ly tran­si­tioned into a M30 Bull­ish Inside Bar and Three Out­side Up and con­tin­u­a­tion high­er form­ing a Neu­tral Day.

The actu­al oppor­tu­ni­ty was a Failed Auc­tion long based off the open sen­ti­ment, near­by demand, prev. Day hav­ing exceed­ed ADR.

Good points

  • Tak­ing the trade. I felt a buildup of nerves com­ing on before the ses­sion. I was think­ing about how well I did last month and how I was going to repli­cate that this month. All non­sense as the only thing I can con­trol is tak­ing ‘one good trade’ at a time a la Bella.
  • Got my first trade out of the way. Took a loss and hey… not dead! On to the next. 

Bad Points

  • For­got to mea­sure pre­vi­ous day ADR exceed­ing the aver­age by 1.33x imply­ing a poten­tial retrace­ment ie. more long-biased
  • Marubozu can­dle implies momen­tum, a retrace­ment implies the lack thereof
  • Took the trade dur­ing C TPO. I do bet­ter dur­ing D TPO or at least wait for the C TPO close. 

Next Day Analysis

  • Tar­get hit?
    • No, ‑1R
  • Time-based Exit?
    • -1R
  • Over­lap Noise?
    • -1R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 0.7R

TAGS: Below Val­ue, With­in Range, Mod­er­ate Imbal­ance, Prev. Day Exceed­ed ADR, 

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

0 0 votes
Article Rating
Notify of

Inline Feedbacks
View all comments
Would love your thoughts, please comment.x