20211123 Trade Review DAX - Bear Market Trader
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20211123 Trade Review DAX

20211123 Trade Review DAX

Play: Weak­ness From With­in IBR

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

Click to Enlarge
  • Result
    • 2R
  • Prod­uct
    • DAX
  • Open Sen­ti­ment
    • 1.57xASR Below Val­ue, Out­side Range, Huge Imbalance
    • Prev. Day Exceed­ed ADR by 1.53
  • IBR
    • 1.56xASR
  • Hypo
    • 1
    • Weak­ness From With­in IBR
  • Attempt­ed Setup
    • Weak­ness From With­in IBR
  • Entry Tech­nique
    • M5 price fal­ter­ing at M5 QHi with­in IBR
  • SL place­ment
    • Stan­dard SL (20)
  • TPO peri­od for Entry
    • F TPO
  • Trade Dura­tion
    • 0h39m
  • Long/Short
    • Short
  • Lead­ing Narrative
    • Wide IBR
    • D1 Phase 4
    • Price fal­ter­ing at M5 QHi, M30 VWAP and LTF supply
    • 2nd DTTZ, pos­si­ble pullback

Click to Enlarge

Actu­al Development

F closed as an Inside Bar and G fol­lowed through hit­ting 2R. After which it closed with a longer buy­ing wick and con­tin­ued the Failed Auc­tion higher. 

Good points

  • React­ing quick­ly and tak­ing an oppor­tunis­tic trade

Bad Points

  • Uni­di­rec­tion­al day impli­ca­tions hard­er to tell due to DAX most­ly trad­ing dur­ing Lon­don so the premise for the huge imbal­ance and weak­ness from with­in IBR wasn’t as valid.

Next Day Analysis

  • Tar­get hit?
    • yes , 2R
  • Time-based Exit?
    • -1R
  • Over­lap Noise?
    • -1R
  • End of Day?
    • -1R
  • High­est R multiple?
    • -1R

TAGS: Below Val­ue, Out­side Range, Huge Imbal­ance, Prev. Day Exceed­ed ADR, Trend is UP 2/3, 

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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