20220221 Trade Review DAX - Bear Market Trader
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20220221 Trade Review DAX

20220221 Trade Review DAX

Play: Late-Sus­tained Auc­tion, Val­ue Rejection

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

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  • Result
    • 0R
  • Open Sen­ti­ment
    • Open With­in Value
    • Bal­anc­ing Market
    • Open at W1 C‑Sup
  • IBR
    • 0.57xASR
    • Pos­si­ble momentum
  • Hypo
    • 2
    • Short
    • Late-Sus­tained Auction
    • Weak­ness From With­in IBR
  • Attempt­ed Setup
    • Late-Sus­tained Auction
  • Entry Tech­nique
    • C closed below IBR & Val­ue (tech­ni­cal­ly reject­ing value)
    • D TPO pulls back to IB low before con­tin­u­ing lower
    • Sell Lim­it Order at IB low
  • SL place­ment
    • Stan­dard SL (55)
  • TPO peri­od for Entry
    • D TPO
  • Trade Dura­tion
    • Sell Lim­it Order did not get hit
    • 2R would’ve hit in 1 hour
  • Long/Short
    • Short
  • Lead­ing Narrative
    • Larg­er time­frame Bear­ish Sentiment
      • Pos­si­ble MN Phase 3
      • W1 demand End test­ed mul­ti­ple times
    • Asia Gapped down, filled the gap trad­ing higher
    • Lon­don opened with­in val­ue, extend­ing and clos­ing below IB and Value

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Actu­al Development

  • Price pro­ceed­ed to close low­er in a sus­tained auc­tion tak­ing out W1/D1 demand End
  • Then a slight pull­back before NY open before a con­tin­u­a­tion down 

Good points

  • Wait­ing for the pull­back to IB low

Bad Points

  • Being to rigid on a test of IB low — I should’ve just entered on a mar­ket order when price neared IB low. A few pips don’t matter.

Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • No, order did not get triggered
  • Time-based Exit?
    • 2.2R
  • Over­lap Noise?
    • 3.1R
  • End of Day?
    • 13R
  • High­est R multiple?
    • 13R

TAGS: Open With­in Val­ue, Bal­anc­ing Mar­ket, Trend is Down 2/3, 

Pre­mar­ket prep on the day: ‌


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