20211111 Trade Review DAX - Bear Market Trader
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20211111 Trade Review DAX

20211111 Trade Review DAX

Play: Rever­sal

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

Click to Enlarge
  • Result
    • 2R
  • Prod­uct
    • DAX
  • Open Sen­ti­ment
    • 0.15xASR Above Val­ue, With­in Range
  • IBR
    • 0.57xASR
  • Hypo
    • No Hypo
  • Attempt­ed Setup
    • Rever­sal
  • Entry Tech­nique
    • LTF entry off pull­back to new­ly formed Sup­ply at ADR exhaustion 
  • SL place­ment
    • Tighter SL based on ASR short (20 pips)
  • TPO peri­od for Entry
    • D TPO
  • Trade Dura­tion
    • 0h45m
  • Long/Short
    • Short
  • Lead­ing Narrative
    • ADR exhaus­tion
    • LTF rever­sal and re-test of new­ly formed Supply

Click to Enlarge

Actu­al Development

Price pulled back to the new­ly formed M5 sup­ply and start­ed react­ing. D TPo fol­lowed by clos­ing as an Inside Bar. E TPO as a base with longer sell­ing wick. F TPO hit target. 

Good points

  • Under­stand­ing the narrative
  • Tak­ing the trade

Bad Points

  • Nit­pick­ing but I could have wait­ed for more of a pull­back to M5 sup­ply before going short

Next Day Analysis

  • Tar­get hit?
    • Yes, 2R
  • Time-based Exit?
    • 0.5R
  • Over­lap Noise?
    • 0.6R
  • End of Day?
    • 0.5R
  • High­est R multiple?
    • 2R

TAGS: Above Val­ue, With­in Range, Trend is UP 3/3, 

Pre­mar­ket prep on the day: ‌


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