20211221 Trade Review DAX - Bear Market Trader
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20211221 Trade Review DAX

20211221 Trade Review DAX

Play: Failed Auction

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

Click to Enlarge
  • Result
    • 2R
  • Prod­uct
    • DAX
  • Open Sen­ti­ment
    • 0.95xASR Above Val­ue, Out­side Range, Large Imbalance,
  • IBR
    • 0.7xASR
  • Hypo
    • 2
    • Return to Val­ue, rever­sal, pos­si­ble Failed Auc­tion Long
  • Attempt­ed Setup
    • Failed Auc­tion
  • Entry Tech­nique
    • M15 Bull­ish Inside Bar clos­ing with­in IB
  • SL place­ment
    • Stan­dard SL (37)
  • TPO peri­od for Entry
    • E TPO
  • Trade Dura­tion
    • 1h11m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • IB tra­versed down 0.7xASR towards VAH (no touch), wide IBR, pos­si­bil­i­ty for respon­sive activity
    • Trad­ing at W1 demand and new H4 demand after D1/H4 QLo rejection
    • Pre­vi­ous day closed as a long D1 Pin­bar, pos­si­ble devel­op­ing D1 Three Out­side Up

Click to Enlarge

Actu­al Development

  • M15 Bull­ish Inside Bar tran­si­tioned into a Bull­ish M30 Inside Bar clos­ing right at the pre­vi­ous bear engulf
  • Price pro­ceed­ed to close high­er (closed as H1 bull engulf) and even­tu­al­ly com­plet­ed the failed auc­tion by hit­ting IB high before form­ing a Neu­tral Day and climb­ing even higher

Good points

  • Tak­ing the trade even though hav­ing a M30 bear engulf in the way

Bad Points

  • Could’ve pos­si­bly let the trade actu­al­ly hit the IB high tar­get and get 2.5 but all good 2R is good enough.

Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • Yes, 2R
  • Time-based Exit?
    • 2.1R
  • Over­lap Noise?
    • 2.4R
  • End of Day?
    • 4.9R
  • High­est R multiple?
    • 5R

TAGS: Above Val­ue, Out­side Range, Large Imbal­ance, Trend is Down 2/3, 

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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