20211122 Trade Review DAX - Bear Market Trader
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20211122 Trade Review DAX

20211122 Trade Review DAX

Play: Failed Auction

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

Click to Enlarge
  • Result
    • -1R
  • Prod­uct
    • DAX
  • Open Sen­ti­ment
    • Open With­in Val­ue, Wide Value
  • IBR
    • 0.51xASR
  • Hypo
    • 1
    • Failed Auc­tion Long
  • Attempt­ed Setup
    • Failed Auc­tion
  • Entry Tech­nique
    • M15 longer buy­ing wicks at H4 demand clos­ing with­in IBR
  • SL place­ment
    • Stan­dard SL (20)
  • TPO peri­od for Entry
    • E TPO
  • Trade Dura­tion
    • 1h2m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • Open with­in val­ue, price react­ing to H4 demand of the Bull Engulf and clos­ing with­in IBR, trend is up 2/3

Click to Enlarge

Actu­al Development

Price pro­ceed­ed to close as a M30 Three Inside Up before revers­ing in G and H hit­ting SL.

Good points

  • Tak­ing the trade

Bad Points

  • Weak Price Action as entry signal
  • Price was devel­op­ing and trad­ing most of the time below the pre­ced­ing Inside Bar
  • Might have just been eager to take a trade

Next Day Analysis

  • Tar­get hit?
    • No, ‑1R
  • Time-based Exit?
    • -1R
  • Over­lap Noise?
    • -1R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 0.9R

TAGS: Open With­in Val­ue, Trend is UP 2/3, Wide Value

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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