23 Dec 20211222 Trade Review DAX
#fintwit #orderflow #daytrading #tradingreview #priceaction #chartreview #DAX #DE30 #DE30Cash
- Open Sentiment
- 0.35xASR Above Value, Outside Range, Moderate to Large Imbalance,
- Return to Value, Reversal, Failed Auction Long
- Attempted Setup
- 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
- 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
- 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.
- Taking the trade even though there was a H4 supply above
Next Day Analysis
- Target hit?
- Time-based Exit?
- Overlap Noise?
- End of Day?
- Highest R multiple?
TAGS: Above Value, Outside Range, Moderate to Large Imbalance, Trend is DOWN 2/3,
Premarket prep on the day: