20211222 Trade Review DAX

23 Dec 20211222 Trade Review DAX

Play: Rever­sal

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

• Result
  • 2R
• Prod­uct
  • DAX
• Open Sen­ti­ment
  • 0.35xASR Above Val­ue, Out­side Range, Mod­er­ate to Large Imbalance,
• IBR
  • 0.42xASR
• Hypo
  • 1
  • Return to Val­ue, Rever­sal, Failed Auc­tion Long
• Attempt­ed Setup
  • Rever­sal
• Entry Tech­nique
  • M15 Bull Engulf, M30 Bull­ish Inside Bar, pull­back to new M15 demand
• SL place­ment
  • Stan­dard SL (35)
• TPO peri­od for Entry
  • C TPO
• Trade Dura­tion
  • 6H14M
• Long/Short
  • Long
• Lead­ing Narrative
  • D1 Three Out­side Up (reject­ing D1 QLo) formed the pre­vi­ous day indi­cat­ing pos­si­ble momen­tum con­tin­u­a­tion (D1 pull­back nar­ra­tive before continuation)
  • Open Above Val­ue and IB tra­vers­ing to VAH coin­cid­ing with H4 demand
  • Near­by W1 demand

Actu­al Development

• Price stum­bled a bit before clos­ing high­er and extend­ing in G TPO before H clos­ing as a H4 Ham­mer. Which nor­mal­ly sig­nals a pos­si­ble con­tin­u­a­tion in this case down, although due to D1 nar­ra­tive price con­tin­ued to close high­er dur­ing NY hit­ting target.

Good points

• Tak­ing the trade even though there was a H4 sup­ply above

Bad Points

• N.A.

Next Day Analysis

• Tar­get hit?
  • 2R
• Time-based Exit?
  • 0.8R
• Over­lap Noise?
  • 0.3R
• End of Day?
  • 4.9R
• High­est R multiple?
  • 5.3R

TAGS: Above Val­ue, Out­side Range, Mod­er­ate to Large Imbal­ance, Trend is DOWN 2/3, 

Pre­mar­ket prep on the day: ‌

• Twit­ter
• Insta­gram