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8442
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20220119 Trade Review DAX

20220119 Trade Review DAX

Play: Val­ue Acceptance

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

Click to Enlarge
  • Result
    • 1.2R
  • Prod­uct
    • DAX
  • Open Sen­ti­ment
    • 0.54xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
  • IBR
    • 0.98xASR
    • Wide IBR
  • Hypo
    • Hypo 1
    • Long
    • Val­ue Accep­tance, mon­i­tor for con­tin­u­a­tion although H4 c‑sup above VAH
  • Attempt­ed Setup
    • Val­ue Acceptance
  • Entry Tech­nique
    • M15 can­dle close with­in Value
  • SL place­ment
    • Stan­dard size (35), sad­ly cut­ting through the body of the entry can­dle but due to expect­ing momen­tum this can be forgiven
  • TPO peri­od for Entry
    • B TPO
  • Trade Dura­tion
    • 0h54m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • Prev. Day Exceed­ed ADR by 1.82
    • Price trad­ing at W1 demand and start­ed reacting
    • M15 can­dle dur­ing B TPO closed with­in Val­ue in an 2/3 uptrend

Click to Enlarge

Actu­al Development

  • B TPO closed with­in val­ue fol­lowed by a RBR hit­ting 1.2R

Good points

  • Tak­ing the trade even though hav­ing sup­ply at VAH and wide IBR

Bad Points

  • Could’ve let the trade go on longer but due to the time of year I decid­ed to stick with the 1.2R rule for now
Click to Enlarge

Next Day Analysis

  • Price end­ed up devel­op­ing a very big H4 Bull ENgulf dur­ing the LN ses­sion then pulled back at the end of the day form­ing a Neu­tral near-Doji sig­nal­ing a pos­si­ble con­tin­u­a­tion unless the next day clos­es higher. 
  • Tar­get hit?
    • Yes, 1.2R
  • Time-based Exit?
    • 2.9R
  • Over­lap Noise?
    • 2.5R
  • End of Day?
    • 0.7R
  • High­est R multiple?
    • 4.5R

TAGS: Below Val­ue, Out­side Range, Trend is UP 2/3, Mod­er­ate to Large imbal­ance, Prev. Day Exceed­ed ADR,

Pre­mar­ket prep on the day: ‌

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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