20220310 Trade Review DAX - Bear Market Trader
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20220310 Trade Review DAX

20220310 Trade Review DAX

Play: Val­ue Accep­tance, Weak­ness From With­in IBR (pri­or extension)

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

Click to Enlarge
  • Result
    • 1R
  • Open Sen­ti­ment
    • 0.59xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day
  • IBR
    • 0.78xASR Wide IBR
  • Trend
    • Strong DT 3/3
    • H4: DOWN
    • D1: DOWN
    • W1: DOWN
  • Hypo
    • 2 & 3
    • Hypo 2
    • Short
    • Late-Sus­tained Auc­tion, mon­i­tor for Val­ue acceptance
    • Hypo 3
    • Short
    • Weak­ness From With­in IBR
  • Attempt­ed Setup
    • Weak­ness From With­in IBR (Pri­or Extension)
  • Entry Tech­nique
    • B TPO accept­ed val­ue and C TPO start­ed pulling back to new­ly formed M30 Bear Engulf, coin­cid­ing with M30 VWAP
  • SL place­ment
    • Stan­dard SL (10000)
  • TPO peri­od for Entry
    • C TPO
  • Trade Dura­tion
    • 0h44m
  • Long/Short
    • Short
  • Lead­ing Narrative
    • H4 con­sol­i­da­tion at D1 Sup­ply and devel­op­ing break down
    • Strong DT
    • B TPO accept­ing val­ue, price pulling back to new­ly formed LTF supply

Click to Enlarge

Actu­al Development

  • C TPO closed as a Bull Engulf but with long sell­ing wick but I decid­ed to take the trade off at 1R
  • Price retraced to pre­vi­ous entry point anoth­er time before clos­ing down and con­se­quent­ly alter on in the ses­sion con­tin­ued lower

Good points

  • Under­stand­ing the nar­ra­tive and tak­ing the trade

Bad Points

  • The nar­ra­tive hadn’t changed and I could’ve stuck with the trade. Although due to not hav­ing an exten­sion I expect­ed the respon­sive activ­i­ty to poten­tial­ly mess up the trade and did not want to risk it.
  • When price pulled back to the same entry point dur­ing D TPO I con­sid­ered going short again but didn’t due to the new­ly formed M30 Bull Engulf at VAH. 

Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • No, 1R
  • Time-based Exit?
    • 2.9R
  • Over­lap Noise?
    • 2.7R
  • End of Day?
    • 2.2R
  • High­est R multiple?
    • 3.8R

TAGS: Pri­or Exten­sion, 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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