20211014 Trade Review DAX - Bear Market Trader
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20211014 Trade Review DAX

20211014 Trade Review DAX

Play: Sus­tained Auction

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

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  • Result
    • 2R
  • Prod­uct
    • DAX
  • Open Sen­ti­ment
    • 0.46xASR Above Val­ue, Out­side Range
  • IBR
    • 0.46xASR
  • Hypo
    • 2
  • Attempt­ed Setup
    • Sus­tained Auction
  • Entry Tech­nique
    • Break of IB
  • SL place­ment
    • Stan­dard SL size
  • TPO peri­od for Entry
    • C TPO
  • Trade Dura­tion
    • 4h30m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • Prev. day slight­ly exceed­ed ADR indi­cat­ing pos­si­ble strength. Open was at yesterday’s high which coin­cid­ed with near­by VAH. Thus a Return to Val­ue or Sus­tained Auc­tion was in the cards. 

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Actu­al Development

Price formed a base in D TPO then fol­lowed a RBR in E before con­sol­i­dat­ing lat­er in the ses­sion to con­tin­ue in the over­lap noise hit­ting the target.

Good points

  • Tak­ing the trade
  • Under­stand­ing and remem­ber­ing the sig­nif­i­cance of the open at yesterday’s high with near­by VAH
  • Let­ting go of prev. Day hav­ing exceed­ed ADR and a pos­si­ble pull­back might be in play
  • Fol­low­ing the price and pro­file show­ing a sus­tained auc­tion even dur­ing the con­sol­i­da­tion period

Bad Points

  • Not real­ly a bad point but I could have had an ear­li­er entry due to the same nar­ra­tive. A pos­si­ble ear­ly entry would’ve been from with­in IBR at LTF demand above VAH. Price likes to use near­by LTF SD zones as a poten­tial bounc­ing board for con­tin­u­a­tion moves. 

Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • Yes, 2R
  • Time-based Exit?
    • 0.7R
  • Over­lap Noise?
    • 0.6R
  • End of Day?
    • 3.5R
  • High­est R multiple?
    • 3.5R

TAGS: Prev. Day Exceed­ed ADR, Above Val­ue, Out­side Range, Mod­er­ate to Large Imbalance, 

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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