20220106 Trade Review DAX T1 - Bear Market Trader
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20220106 Trade Review DAX T1

20220106 Trade Review DAX T1

Play: Strength From With­in IBR

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

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  • Result
    • -1R
  • Prod­uct
    • DAX
  • Open Sen­ti­ment
    • 1.29xASR Below Val­ue, Out­side Range
    • Large to huge imbal­ance, pos­si­ble momentum
  • IBR
    • 0.89xASR 
  • Hypo
    • 3
    • Strength From With­in IBR
  • Attempt­ed Setup
    • Strength From With­in IBR
  • Entry Tech­nique
    • M5 Con­sol­i­da­tion at M30 Bull Engulf formed dur­ing IB after price had extend­ed to the upside
  • SL place­ment
    • Stan­dard SL (30)
  • TPO peri­od for Entry
    • I TPO
  • Trade Dura­tion
    • 0h22m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • 1.29xASR Below Val­ue, Out­side Range
    • Trend is UP 2/3
    • H4 Bull­ish Inside Bar to con­tin­u­a­tion higher
    • IBR had extend­ed to the upside and pulled back to new­ly formed M30 Bull Engulf with­in IBR

Actu­al Development

  • Price con­tin­ued low­er and took out my SL

Good points

  • Try­ing out a trade

Bad Points

  • NO clear and strong reac­tion off M30 bull engulf demand to war­rant an entry
  • Price was trad­ing mid swing even on LTF 

Next Day Analysis

  • Tar­get hit?
    • No, ‑1R
  • Time-based Exit?
    • -1R
  • Over­lap Noise?
    • -1R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 0.3R

TAGS: Below Val­ue, Out­side Range, Large to Huge Imbal­ance, Trend is UP 2/3,

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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