20211207 Trade Review DAX - Bear Market Trader
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20211207 Trade Review DAX

20211207 Trade Review DAX

Play: Sus­tained Auction

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

Click to Enlarge
  • Result
    • 2R
  • Prod­uct
    • DAX
  • Open Sen­ti­ment
    • 1.1xASR Above Val­ue, Out­side Range, Large Imbalance, 
  • IBR
    • 0.77xASR
  • Hypo
    • 4
    • Sus­tained Auc­tion Long, Pos­si­ble Strength From With­in IBR
  • Attempt­ed Setup
    • Sus­tained Auc­tion Long
  • Entry Tech­nique
    • Break of IB
  • SL place­ment
    • ASR Short (40)
  • TPO peri­od for Entry
    • C TPO
  • Trade Dura­tion
    • 5h27
  • Long/Short
    • Long
  • Lead­ing Narrative
    • D1 Three Inside Up at D1 QLo rejec­tion and D1 demand
    • Prev. Day Exceed­ed ADR by 1.03 (right at the bor­der indi­cat­ing pos­si­ble fur­ther momentum)
    • H4 speed­bump and break high­er, price tak­ing out D1 sup­ply in premarket
    • Large Imbal­ance and IBR trad­ing high­er indi­cat­ing fur­ther pos­si­ble momentum
    • Asia extend­ed up, Lon­don Exhaust­ed ADR, pos­si­ble uni­di­rec­tion­al day com­ing from D1 QLo rejection

Click to Enlarge

Actu­al Development

Price showed a sus­tained auc­tion then con­sol­i­dat­ed before con­tin­u­ing the direc­tion dur­ing NY.

Good points

  • Under­stand­ing the nar­ra­tive and tak­ing the trade
  • Tak­ing the wide IBR as an indi­ca­tion of momen­tum instead of respon­sive activity

Bad Points

  • Slight­ly hes­i­tat­ing to get involved
  • For­got to take a screen­shot of entry

Next Day Analysis

  • Tar­get hit?
    • Yes, 2R
  • Time-based Exit?
    • 0.7R
  • Over­lap Noise?
    • 0.5R
  • End of Day?
    • 3.8R
  • High­est R multiple?
    • 4.6R

TAGS: Prev. Day Exceed­ed ADR, Above Val­ue, Out­side Range, Large Imbal­ance, Wide IBR,

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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