20220208 Trade Review DAX - Bear Market Trader
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20220208 Trade Review DAX

20220208 Trade Review DAX

Play: Sus­tained Auction

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

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  • Result
    • -1R
  • Open Sen­ti­ment
    • 0.27xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
  • IBR
    • 0.53xASR
  • Hypo
    • 2
    • Late-Sus­tained Auction
  • Attempt­ed Setup
    • Sus­tained Auction
  • Entry Tech­nique
    • Break of IB
  • SL place­ment
    • Aver­age SL (5500)
  • TPO peri­od for Entry
    • C TPO
  • Trade Dura­tion
    • 0h42m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • Price reject­ed H4 QLo
    • Price trad­ing at D1 QLo (although weak­ly rejected)
    • Pos­si­ble H4 Phase 1
    • Price broke H4 sup­ply dur­ing IBR
    • Price closed above Asia and pre­vi­ous day high

Click to Enlarge

Actu­al Development

  • C closed as a RBR but right at IB high
  • D TPO reversed and failed the auc­tion clos­ing as a Bear Engulf

Pros for the trade

  • Price hav­ing reject­ed H4 QLo
  • Pos­si­ble H4 Phase 1
  • Price trad­ing at D1 QLo and some­what weak­ly reject­ed it
  • Price broke and close dabove Asia and pre­vi­ous day
  • Open above val­ue sen­ti­ment, although out­side range still a mod­er­ate to large imbalance

Cons for the trade

  • Trend was down 2/3
  • Pos­si­ble Larg­er time­frame bear­ish sentiment

Good points

  • Tak­ing the trade
  • Let­ting Stop get hit even though I saw M15 Clos­ing as a Bear Engulf with­in IB (can pos­si­ble track for future ear­ly exit man­age­ment but for now I con­tin­ue let­ting stops do its things)
  • Right on direc­tion on the day

Bad Points

  • Jumped the gun on the trade. Hypo 2 was late-sus­tained auc­tion entry and I entered on break of IB. FOMO. 
  • Not tak­ing the Failed Auc­tion trade on the rever­sal If I had fol­lowed my plan I might have gone with the Failed Auc­tion short trade as per Hypo 3.

Click to Enlarge

Next Day Analysis

  • Stop hit?
    • Yes, ‑1R
  • Time-based Exit?
    • -1R
  • Over­lap Noise?
    • -1R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 0.3R

TAGS: Above Val­ue, Out­side Range, Mod­er­ate to Large Imbal­ance, Trend is Down 2/3, 

Pre­mar­ket prep on the day: ‌


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