20211111 Missed Trade DAX - Bear Market Trader
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20211111 Missed Trade DAX

20211111 Missed Trade DAX

Play: Rever­sal

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

These are trades I could have tak­en but for some rea­son I did not. This could be due to me not pay­ing atten­tion or sim­ply not feel­ing like trad­ing. This is usu­al­ly the case when I am not in the right state of mind due to lack of sleep, per­son­al issues, etc.

Click to Enlarge
  • Prod­uct
    • DAX
  • Open Sen­ti­ment
    • 0.15xASR Above Val­ue, With­in Range, Mod­er­ate Imbalance
  • IBR
    • 0.57xASR
  • Hypo
    • 1
    • VAH Rever­sal, pos­si­ble Failed Auc­tion Long (probe of value)
  • Set­up
    • Val­ue Edge Rever­sal, London/Asia momentum
  • Pro­posed Entry Technique
    • Dur­ing C TPO M15 formed a M15 Three Out­side Up
    • Price test­ed new­ly formed demand before clos­ing higher
  • SL Place­ment
    • ASR short SL at 20 pips
  • TPO peri­od for Entry
    • C TPO
  • Trade Dura­tion
    • 0h15m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • Trend is up 3/3, larg­er time­frame sup­ply popped
    • Open above val­ue, with­in range, mod­er­ate imbal­ance sentiment
    • Price test­ed VAH and M15 formed a rever­sal pattern
  • Rea­son for miss­ing the trade
    • Hes­i­tat­ed trad­ing right into ADR exhaus­tion as this was just above IB high
  • Result
    • Tar­get hit?
      • Yes, 2R
    • Time-based Exit?
      • 1.2R
    • Over­lap Noise?
      • 1.1R
    • End of Day?
      • 1.1R
    • High­est R multiple?
      • 2.9R

Click to Enlarge

Good points

  • I con­sid­ered tak­ing it but as I was hes­i­tat­ing I let it go
  • I was stalk­ing an entry based off a pull­back to new­ly formed M15 demand
  • At the time, I thought I under­stood the impli­ca­tions of ADR exhaus­tion. Now I know I could’ve tak­en the trade and learned a valu­able lesson.

Bad Points

  • I should’ve known that the trade was a viable opportunity

TAGS: Above 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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