20220111 Trade Review DAX - Bear Market Trader
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20220111 Trade Review DAX

20220111 Trade Review DAX

Play: Late-Sus­tained Auction

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

Click to Enlarge
  • Result
    • 1R
  • Prod­uct
    • DAX
  • Open Sen­ti­ment
    • Open With­in Value
  • IBR
    • 0.48xASR
  • Hypo
    • Hypo 2
    • Long
    • Late-sus­tained auc­tion entry
    • Risky, price trad­ing right into H4 sup­ply, price would need to extend high­er and hold above IB prefer­ably tak­ing out LTF supply
  • Attempt­ed Setup
    • Late-sus­tained auction
  • Entry Tech­nique
    • Break of IB with C extend­ing quite a bit above IB, pull­back to IB high
  • SL place­ment
    • ASR Short SL 30 pips
  • TPO peri­od for Entry
    • C TPO
  • Trade Dura­tion
    • 0h09m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • Val­ues in DT, open with­in val­ue, trend is up 2/3, 
    • B TPO clos­ing above Asia
    • Momen­tum exten­sion in C TPO

Click to Enlarge 

Actu­al Development

  • C TPO closed above IB
  • D extend­ed and closed high­er reach­ing 1R and I closed the trade

Good points

  • Tak­ing the trade although it was not a great trad­ing idea. I might have been right on the gen­er­al direc­tion of the day this was not the way to go long. A strength from with­in IBR would’ve been the way to go. 

Bad Points

  • this was a BAD TRADING IDEA
  • I DID NOT WAIT for C TPO to close above IBR to con­firm a pos­si­ble rejec­tion before enter­ing. I entered 2 min­utes before close of C TPO.
  • Trad­ing right into H4 sup­ply as well as ASR 0.5 high not pro­vid­ing much of a prof­it tar­get. The actu­al play would’ve been the rever­sal at ASR 0.5 high
  • Trad­ing right into D1 QHi

Next Day Analysis

  • Tar­get hit?
    • No, but I still took 1R
  • Time-based Exit?
    • -1R
  • Over­lap Noise?
    • -1R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 1R

TAGS: Open With­in Val­ue, Bad Trad­ing Idea, 

Pre­mar­ket prep on the day: ‌


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