20211111 Missed Trade DAX

12 Nov 20211111 Missed Trade DAX

Play: Rever­sal

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

These are trades I could have tak­en but for some rea­son I did not. This could be due to me not pay­ing atten­tion or sim­ply not feel­ing like trad­ing. This is usu­al­ly the case when I am not in the right state of mind due to lack of sleep, per­son­al issues, etc.

• Prod­uct
  • DAX
• Open Sen­ti­ment
  • 0.15xASR Above Val­ue, With­in Range, Mod­er­ate Imbalance
• IBR
  • 0.57xASR
• Hypo
  • 1
  • VAH Rever­sal, pos­si­ble Failed Auc­tion Long (probe of value)
• Set­up
  • Val­ue Edge Rever­sal, London/Asia momentum
• Pro­posed Entry Technique
  • Dur­ing C TPO M15 formed a M15 Three Out­side Up
  • Price test­ed new­ly formed demand before clos­ing higher
• SL Place­ment
  • ASR short SL at 20 pips
• TPO peri­od for Entry
  • C TPO
• Trade Dura­tion
  • 0h15m
• Long/Short
  • Long
• Lead­ing Narrative
  • Trend is up 3/3, larg­er time­frame sup­ply popped
  • Open above val­ue, with­in range, mod­er­ate imbal­ance sentiment
  • Price test­ed VAH and M15 formed a rever­sal pattern
• Rea­son for miss­ing the trade
  • Hes­i­tat­ed trad­ing right into ADR exhaus­tion as this was just above IB high
• Result
  • Tar­get hit?
    • Yes, 2R
  • Time-based Exit?
    • 1.2R
  • Over­lap Noise?
    • 1.1R
  • End of Day?
    • 1.1R
  • High­est R multiple?
    • 2.9R

Good points

• I con­sid­ered tak­ing it but as I was hes­i­tat­ing I let it go
• I was stalk­ing an entry based off a pull­back to new­ly formed M15 demand
• At the time, I thought I under­stood the impli­ca­tions of ADR exhaus­tion. Now I know I could’ve tak­en the trade and learned a valu­able lesson.

Bad Points

• I should’ve known that the trade was a viable opportunity

TAGS: Above Val­ue, With­in Range, Mod­er­ate Imbal­ance, Trend is UP 3/3, 

Pre­mar­ket prep on the day

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