20220105 Trade Review DAX - Bear Market Trader
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20220105 Trade Review DAX

20220105 Trade Review DAX

Play: Sus­tained Auction

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

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  • Result
    • 1R
  • Prod­uct
    • DAX
  • Open Sen­ti­ment
    • Ambigu­ous open although 0.05xASR Above Val­ue, Out­side Range
  • IBR
    • 0.31xASR
  • Hypo
    • 2
    • Sus­tained Auc­tion Long
  • Attempt­ed Setup
    • Sus­tained Auction
  • Entry Tech­nique
    • Break of IB
  • SL place­ment
    • Stan­dard SL at 35 pips
  • TPO peri­od for Entry
    • C TPO
  • Trade Dura­tion
    • 0h10m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • Pos­si­ble D1 Phase 2, no slow down with­in D1 QHi
    • Prev. Day Exceed­ed ADR by 1.07, pos­si­ble momentum
    • H4 con­sol­i­da­tion and break high­er in premarket
    • Mod­er­ate Imbal­ance, above val­ue, with­in range
    • IBR formed Ral­ly then Base with longer buy­ing wick, expec­ta­tion is for anoth­er Ral­ly com­plet­ing a RBR

Actu­al Development

  • Price extend­ed above IB and quite quick­ly hit 1R which was my tar­get due to the time of year
  • Price con­tin­ued high­er hit­ting 2.3R before revers­ing at ADR exhaus­tion, near­ing the take out of W1 sup­ply but also coin­cid­ing with a D1 supply.

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Good points

  • Tak­ing the trade
  • Tak­ing an ear­ly exit based on ADR exhaus­tion above, time of the year and over­head D1 supply

Bad Points

  • Didn’t abide by 2R exit rule, but I think that’s okay
  • D1 sup­ply in the way of a 2R target
  • I did not take the rever­sal based on the ADR exhaus­tion although I was think­ing the sup­ply could get popped first before a pos­si­ble rever­sal so let it go.

Next Day Analysis

  • Tar­get hit?
    • Yes, 1R
  • Time-based Exit?
    • 1.9R
  • Over­lap Noise?
    • 2R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 2.3R

TAGS: Above Val­ue, With­in Range, mod­er­ate Imbal­ance, Prev. Day Exceed­ed ADR,

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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