20220124 Trade Review DAX - Bear Market Trader
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20220124 Trade Review DAX

20220124 Trade Review DAX

Play: Auc­tion Fade (Oppor­tunis­tic Trade 2nd DTTZ)

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

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  • Result
    • 0.5R
  • Prod­uct
    • DAX
  • Open Sen­ti­ment
    • 0.66xASR Below Val­ue, With­in Range
    • Mod­er­ate Imbalance
  • IBR
    • Wide IBR 1xASR
  • Hypo
    • 2
    • Long
    • Auc­tion Fade, pos­si­ble rever­sal at W1/D1 demand
  • Attempt­ed Setup
    • Auc­tion Fade (Oppor­tunis­tic Trade 2nd DTTZ)
  • Entry Tech­nique
    • M5 con­sol­i­dat­ing at the right time of day
  • SL place­ment
    • Stan­dard SL (35)
  • TPO peri­od for Entry
    • F TPO
  • Trade Dura­tion
    • 0h05m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • Price trad­ing with­in W1/D1 demand after a sus­tained auc­tion down
    • Price trad­ing with­in D1 QLo
    • ADR got exhausted
    • Right time of day 2nd DTTZ
    • M5 con­sol­i­da­tion and break higher

Actu­al Development

  • Price con­tin­ued high­er hit­ting 2R before revers­ing and con­tin­u­ing the sus­tained auc­tion down

Click to Enlarge

Good points

  • Stalk­ing and tak­ing the oppor­tunis­tic trade (also after tak­ing a loss on Gold)

Bad Points

  • Not wait­ing for F TPO to close before tak­ing the trade off which would have result­ed in 0.7R
  • Even though an oppor­tunis­tic trade shouldn’t be kept too long I could have mon­i­tored price action more close­ly and seen that G TPO even­tu­al­ly pulled back high­er hit­ting 2R before reversing

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Next Day Analysis

  • Tar­get hit?
    • Yes, although tar­get was the close of F TPO which would have yield­ed 0.7R but I took 0.5R
  • Time-based Exit?
    • 0.2R
  • Over­lap Noise?
    • -1R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 2R

TAGS: Below Val­ue, With­in Range, Mod­er­ate Imbal­ance, Trend is UP 2/3, 

Pre­mar­ket prep on the day: ‌


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