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20220106 Trade Review DAX T2 - Bear Market Trader
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20220106 Trade Review DAX T2

20220106 Trade Review DAX T2

Play: Strength From With­in IBR

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

Click to Enlarge
  • 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 Bull Engulf at M30 QLo and M30 bull engulf
  • SL place­ment
    • Stan­dard SL (30)
  • TPO peri­od for Entry
    • J TPO
  • Trade Dura­tion
    • 0h24m
  • 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

Click to Enlarge

Actu­al Development

  • Price tran­si­tioned into a M15 Three Inside UP, then M30 Bull­ish Inside Bar hit­ting 1R tar­get but pro­ceed­ed to almost hit 2R as well

Good points

  • Tak­ing the trade after tak­ing a loss
  • Hav­ing wait­ed for a bet­ter con­fir­ma­tion of the expect­ed reaction

Bad Points

  • Could’ve let trade go on longer
  • Not in line with the actu­al devel­op­ing nar­ra­tive of the day

Next Day Analysis

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

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

Pre­mar­ket prep on the day: ‌

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim racer/Pilot.

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