20211111 Trade Review DAX

Play: Rever­sal

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

• Result
  • 2R
• Prod­uct
  • DAX
• Open Sen­ti­ment
  • 0.15xASR Above Val­ue, With­in Range
• IBR
  • 0.57xASR
• Hypo
  • No Hypo
• Attempt­ed Setup
  • Rever­sal
• Entry Tech­nique
  • LTF entry off pull­back to new­ly formed Sup­ply at ADR exhaustion 
• SL place­ment
  • Tighter SL based on ASR short (20 pips)
• TPO peri­od for Entry
  • D TPO
• Trade Dura­tion
  • 0h45m
• Long/Short
  • Short
• Lead­ing Narrative
  • ADR exhaus­tion
  • LTF rever­sal and re-test of new­ly formed Supply

Actu­al Development

Price pulled back to the new­ly formed M5 sup­ply and start­ed react­ing. D TPo fol­lowed by clos­ing as an Inside Bar. E TPO as a base with longer sell­ing wick. F TPO hit target. 

Good points

• Under­stand­ing the narrative
• Tak­ing the trade

Bad Points

• Nit­pick­ing but I could have wait­ed for more of a pull­back to M5 sup­ply before going short

Next Day Analysis

• Tar­get hit?
  • Yes, 2R
• Time-based Exit?
  • 0.5R
• Over­lap Noise?
  • 0.6R
• End of Day?
  • 0.5R
• High­est R multiple?
  • 2R

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

Pre­mar­ket prep on the day: ‌

20211111 Pre­mar­ket Prep DAX

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