Bear Market Trader | Trade Review
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20220309 Trade Review DAX

20220309 Trade Review DAX

Play: Sus­tained Auction

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

Click to Enlarge
  • Result
    • 1.2R
  • Open Sen­ti­ment
    • 0.65xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Open at old H4 sup­ply and yesterday’s high
    • Asia formed a Neu­tral Day but pre­dom­i­nant­ly trad­ed higher
    • ADR exhaus­tion not far above, ASR Exhaus­tion just above it
  • IBR
    • 0.45xASR
  • Trend
    • Strong DT 3/3
    • H4: DOWN
    • D1: DOWN
    • W1: DOWN
  • Hypo
    • 1
    • Long
    • Late-Sus­tained Auc­tion, prefer­ably close above Asia and IB / yesterday’s high
  • Attempt­ed Setup
    • Ear­ly entry from with­in IB
  • Entry Tech­nique
    • Gold had formed a Bear Engulf sim­i­lar­ly to DAX form­ing a Bull Engulf dur­ing B TPO. C TPO was look­ing to do the same so I went long ear­ly before wait­ing for an extension.
  • SL place­ment
    • Short Ses­sion SL place­ment (8500)
  • TPO peri­od for Entry
    • C TPO
  • Trade Dura­tion
    • 0h26m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • D1 Bull Engulf reject­ing D1/W1 QLo
    • Open sen­ti­ment
    • Gold burst low­er, inverse cor­re­la­tion with DAX

Click to Enlarge

Actu­al Development

  • C extend­ed and closed above IB in a sus­tained auc­tion, D imme­di­ate­ly extend­ed high­er and hit 1.2R target.
  • The auc­tion was sus­tained and hit 2R and even­tu­al­ly higher

Good points

  • Tak­ing the trade using ear­ly entry off inverse cor­re­la­tion with Gold

Bad Points

  • Not nec­es­sar­i­ly bad but yet again I could’ve had a big­ger R‑multiple using OODA loops

Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • Yes, 1.2R
  • Time-based Exit?
    • 0.8R
  • Over­lap Noise?
    • 1.4R
  • End of Day?
    • 6R
  • High­est R multiple?
    • 8R

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

Pre­mar­ket prep on the day: ‌

Dai­ly Report Card


Day trader. Tech geek. Sim Racing Enthusiast.

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