20211109 Trade Review DAX - Bear Market Trader
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20211109 Trade Review DAX

20211109 Trade Review DAX

Play: Sus­tained Auction

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

Click to Enlarge
  • Result
    • -1R
  • Prod­uct
    • DAX
  • Open Sen­ti­ment
    • 0.05xASR Below Val­ue, With­in Range, Mod­er­ate Imbalance,
  • IBR
    • 0.6xASR
  • Hypo
    • 1
    • Val­ue Accep­tance to Sus­tained Auc­tion Up
  • Attempt­ed Setup
    • Sus­tained Auction
  • Entry Tech­nique
    • D TPO closed above IB and E popped H4/D1 Sup­ply and price pulled back to IB high
  • SL place­ment
    • Stan­dard size 25 pips at B TPO low
  • TPO peri­od for Entry
    • E TPO
  • Trade Dura­tion
    • 4H21m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • Larg­er time­frame bull­ish sentiment
    • H4/D1 Sup­ply get­ting popped
    • Val­ue Accep­tance and clos­ing above
    • Trend is up 3/3

Click to Enlarge

Actu­al Development

Price formed a small speed bump dur­ing E and F test­ing IB high before clos­ing high­er in G. Price then rolled over and made one more attempt to move high­er lat­er in the session.

NY then took it in the oppo­site direc­tion and hit my SL.

Good points

  • Wait­ing for sup­ply to get popped (get­ting rid of H4 con­ges­tion first) 
  • Entry off IB high expect­ing a con­tin­u­a­tion to the sus­tained auction
  • Walk­ing away and let­ting trade do it’s thing — I saw LTF halt­ing and fail­ing on the 2nd push up was con­sid­er­ing to take the trade off but no! That’s not the pur­pose of this exercise. 

Bad Points

  • IBR was some­what wide

Click to Enlarge 

Next Day Analysis

  • Tar­get hit?
    • No, ‑1R
  • Time-based Exit?
    • 0.7R
  • Over­lap Noise?
    • 0.6R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 1.2R

TAGS: Below Val­ue, With­in Range, Mod­er­ate Imbal­ance, Trend is UP 3/3,

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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