20220106 Trade Review DAX T1

07 Jan 20220106 Trade Review DAX T1

Play: Strength From With­in IBR

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

• Result
  • -1R
• Prod­uct
  • DAX
• Open Sen­ti­ment
  • 1.29xASR Below Val­ue, Out­side Range
  • Large to huge imbal­ance, pos­si­ble momentum
• IBR
  • 0.89xASR 
• Hypo
  • 3
  • Strength From With­in IBR
• Attempt­ed Setup
  • Strength From With­in IBR
• Entry Tech­nique
  • M5 Con­sol­i­da­tion at M30 Bull Engulf formed dur­ing IB after price had extend­ed to the upside
• SL place­ment
  • Stan­dard SL (30)
• TPO peri­od for Entry
  • I TPO
• Trade Dura­tion
  • 0h22m
• Long/Short
  • Long
• Lead­ing Narrative
  • 1.29xASR Below Val­ue, Out­side Range
  • Trend is UP 2/3
  • H4 Bull­ish Inside Bar to con­tin­u­a­tion higher
  • IBR had extend­ed to the upside and pulled back to new­ly formed M30 Bull Engulf with­in IBR

Actu­al Development

• Price con­tin­ued low­er and took out my SL

Good points

• Try­ing out a trade

Bad Points

• NO clear and strong reac­tion off M30 bull engulf demand to war­rant an entry
• Price was trad­ing mid swing even on LTF 

Next Day Analysis

• Tar­get hit?
  • No, ‑1R
• Time-based Exit?
  • -1R
• Over­lap Noise?
  • -1R
• End of Day?
  • -1R
• High­est R multiple?
  • 0.3R

TAGS: Below Val­ue, Out­side Range, Large to Huge Imbal­ance, Trend is UP 2/3,

Pre­mar­ket prep on the day: ‌

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