20211020 Trade Review DAX - Bear Market Trader
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20211020 Trade Review DAX

20211020 Trade Review DAX

Play: Strength From With­in IBR

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

Click to Enlarge
  • Result
    • -1R
  • Prod­uct
    • DAX
  • Open Sen­ti­ment
    • Open With­in Value
  • IBR
    • 0.71xASR
  • Hypo
    • 1
  • Attempt­ed Setup
    • Strength From With­in IBR
  • Entry Tech­nique
    • M15 Bull­ish Inside Bar at VAH, wait for re-test of M5 new­ly formed demand
  • SL place­ment
    • 30 pips. Slight­ly tighter than nor­mal (33).
  • TPO peri­od for Entry
    • C TPO
  • Trade Dura­tion
    • 4h35m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • D1 Inside Bar. Price with­in new W1 Bull Engulf. IBR prob­ing above val­ue tak­ing out H4 demand. LTF strength above VAH. Upward bias in Equities.

Click to Enlarge

Actu­al Development

  • Price showed some fol­low-through in M30 form­ing a Three Inside Up although being weak.
  • Inside Bar wasn’t entire­ly bull­ish ie. hit­tin 50% mark and the 3rd up was slight­ly short­er even. 
  • Price then con­tin­ued to fal­ter before even­tu­al­ly tak­ing out my stop. 

Good points

  • Try­ing a risky trade based on a poten­tial W1 Bull Engulf follow-through
  • Let­ting the trade run its course even though my men­tor showed me the oppo­site side of the trade and then per­son­al­ly see­ing price action going against me. 

Bad Points

  • Trad­ing right into D1 QHi
  • Trad­ing right into MN C‑sup
  • Could have includ­ed a sus­tained auc­tion in my hypos (although very low prob­a­bil­i­ty due to open sen­ti­ment and wide IBR)

Next Day Analysis

  • Tar­get hit?
    • No, ‑1R.
  • Time-based Exit?
    • 0.5R
  • Over­lap Noise?
    • 0.3R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 1R

TAGS: Open With­in Val­ue, mixed trend, 

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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