20211221 Trade Review DAX

Play: Failed Auction

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

• Result
  • 2R
• Prod­uct
  • DAX
• Open Sen­ti­ment
  • 0.95xASR Above Val­ue, Out­side Range, Large Imbalance,
• IBR
  • 0.7xASR
• Hypo
  • 2
  • Return to Val­ue, rever­sal, pos­si­ble Failed Auc­tion Long
• Attempt­ed Setup
  • Failed Auc­tion
• Entry Tech­nique
  • M15 Bull­ish Inside Bar clos­ing with­in IB
• SL place­ment
  • Stan­dard SL (37)
• TPO peri­od for Entry
  • E TPO
• Trade Dura­tion
  • 1h11m
• Long/Short
  • Long
• Lead­ing Narrative
  • IB tra­versed down 0.7xASR towards VAH (no touch), wide IBR, pos­si­bil­i­ty for respon­sive activity
  • Trad­ing at W1 demand and new H4 demand after D1/H4 QLo rejection
  • Pre­vi­ous day closed as a long D1 Pin­bar, pos­si­ble devel­op­ing D1 Three Out­side Up

Actu­al Development

• M15 Bull­ish Inside Bar tran­si­tioned into a Bull­ish M30 Inside Bar clos­ing right at the pre­vi­ous bear engulf
• Price pro­ceed­ed to close high­er (closed as H1 bull engulf) and even­tu­al­ly com­plet­ed the failed auc­tion by hit­ting IB high before form­ing a Neu­tral Day and climb­ing even higher

Good points

• Tak­ing the trade even though hav­ing a M30 bear engulf in the way

Bad Points

• Could’ve pos­si­bly let the trade actu­al­ly hit the IB high tar­get and get 2.5 but all good 2R is good enough.

Next Day Analysis

• Tar­get hit?
  • Yes, 2R
• Time-based Exit?
  • 2.1R
• Over­lap Noise?
  • 2.4R
• End of Day?
  • 4.9R
• High­est R multiple?
  • 5R

TAGS: Above Val­ue, Out­side Range, Large Imbal­ance, Trend is Down 2/3, 

Pre­mar­ket prep on the day: ‌

20211221 Pre­mar­ket Prep DAX

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