20220106 Trade Review DAX T2

07 Jan 20220106 Trade Review DAX T2

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 Bull Engulf at M30 QLo and M30 bull engulf
• SL place­ment
  • Stan­dard SL (30)
• TPO peri­od for Entry
  • J TPO
• Trade Dura­tion
  • 0h24m
• 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 tran­si­tioned into a M15 Three Inside UP, then M30 Bull­ish Inside Bar hit­ting 1R tar­get but pro­ceed­ed to almost hit 2R as well

Good points

• Tak­ing the trade after tak­ing a loss
• Hav­ing wait­ed for a bet­ter con­fir­ma­tion of the expect­ed reaction

Bad Points

• Could’ve let trade go on longer
• Not in line with the actu­al devel­op­ing nar­ra­tive of the day

Next Day Analysis

• Tar­get hit?
  • Yes, 1R
• Time-based Exit?
  • N.A.
• Over­lap Noise?
  • N.A.
• End of Day?
  • -1R
• High­est R multiple?
  • 1.9R

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

Pre­mar­ket prep on the day: ‌

• Twit­ter
• Insta­gram