Bear Market Trader | Trade Review
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2022053 Trade Review DAX

2022053 Trade Review DAX

Strength From With­in IBR (Bad Trad­ing Idea

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

Click to Enlarge
  • Result
    • -1R
  • Open Sen­ti­ment
    • Open With­in Value
    • ASR extend­ed and trad­ed higher
    • 0.66xASR Wide IBR
  • Trend
    • Trend is Up 2/3
    • H4: Up
    • D1: Up
    • W1: Down
  • Hypo
    • 2
    • Long
    • Strength From With­in IBR, pos­si­ble Late-Sus­tained Auction
  • Attempt­ed Setup
    • Strength From With­in IBR
  • Entry Tech­nique
    • M5 con­sol­i­da­tion
  • SL place­ment
    • Aver­age SL (4300)
  • TPO peri­od for Entry
    • F
  • Trade Dura­tion
    • 0h47m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • Trend is UP 2/3
    • Open With­in and price extend­ed above IB
    • Price pulled back with­in IB and value

Click to Enlarge

Actu­al Development

  • F closed as a Bull­ish inside Bar but then price con­tin­ued low­er ful­fill­ing the failed auc­tion tak­ing out my SL

Good points

  • Tak­ing the trade and walk­ing away

Bad Points

  • Price had failed to close above IB and start­ed con­sol­i­dat­ing giv­ing more clues to the failed auction. 
  • Did not wait for a full price action con­fir­ma­tion before going long
  • Suf­fice to say I wasn’t func­tion­ing well yes­ter­day. I had tak­en note but still thought I was okay to exe­cute trades. Clear­ly I was not. Live and Learn. 

Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • Yes, ‑1R
  • Time-based Exit?
    • -1R
  • Over­lap Noise?
    • -1R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 0.5R

TAGS: Open With­in Val­ue, Trend is Up 2/3, 

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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