Bear Market Trader | Trade Review
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20220330 Trade Review DAX

20220330 Trade Review DAX

Play: Val­ue Accep­tance, Sus­tained Auc­tion T1 & T2

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

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  • Result
    • 1.2R
    • 2nd trade: 0.5R
  • Open Sen­ti­ment
    • 0.00xASR Above Val­ue, With­in Range
    • Ambigu­ous open
    • Mod­er­ate Imbalance
    • Asia extend­ed and trad­ed lower
  • IBR
    • 0.43xASR Nor­mal IBR, accept­ed val­ue dur­ing A, formed a base dur­ing B TPO
  • Trend
    • Trend is Down 2/3
    • H4: Up
    • D1: Down
    • W1: Down
  • Hypo
    • 1
    • Short
    • Val­ue Accep­tance, pos­si­ble con­tin­u­a­tion after rotation
    • 2nd trade: same hypo 1 narrative
  • Attempt­ed Setup
    • Sus­tained Auction
  • Entry Tech­nique
    • Break of IB, pull­back to test IB low
    • 2nd trade: low ini­tia­tive sus­tained auc­tion, pop to the down­side mak­ing a LL, M5 clos­ing as a Bear Engulf
  • SL place­ment
    • Stan­dard SL (6000)
    • 2nd trade: Stan­dard SL (6000)
  • TPO peri­od for Entry
    • C TPO
    • 2nd trade: G TPO
  • Trade Dura­tion
    • 1h54m
    • 2nd trade: 0h1m
  • Long/Short
    • Short
  • Lead­ing Narrative
    • Open Sen­ti­ment and val­ue acceptance
    • Asia Extend­ed and closed down, pos­si­ble uni­di­rec­tion­al day com­ing from D1 QHi in a downtrend
    • H4 Bear Engulf at D1 QHi and devel­op­ing continuation
    • Trend is Down 2/3
    • 2nd entry: price rotat­ed through val­ue indi­cat­ing a pos­si­ble fur­ther con­tin­u­a­tion low­er, price pulled back to IB low and I went short for a 2nd time.

T1 Exit

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T2 Exit

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Actu­al Development

  • C closed below IB, D formed a Ham­mer, E and F pulled back inch­ing high­er to IB low with­out mak­ing a LL but not clos­ing with­in IB, tech­ni­cal­ly sus­tain­ing the auction

Good points

  • Under­stand­ing the narrative
  • Get­ting in on a 2nd trade for the same setup

Bad Points

  • Fum­bled FX Syn­er­gy on he first trade again. I should’ve been stalk­ing the trade a bit ear­li­er but I had just fin­ished writ­ing my preps.
  • Could’ve let the 2nd trade go on longer

Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • Yes, 1.2R
    • 2nd trade: No, 0.5R
  • Time-based Exit?
    • 0.3R
    • 2nd trade: 0.1R
  • Over­lap Noise?
    • 0.5R
    • 2nd trade: 0.3R
  • End of Day?
    • 0.7R
    • 2nd trade: 0.5R
  • High­est R multiple?
    • 1.9R
    • 2nd trade: 1.7R

TAGS: Above Val­ue, With­in Range, Mod­er­ate Imbal­ance, Ambigu­ous Open, Trend is Down 2/3, 

Pre­mar­ket prep on the day: ‌

Dai­ly Report Card:


Day trader. Tech geek. Sim Racing Enthusiast.

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