20220118 Trade Review DAX

20 Jan 20220118 Trade Review DAX

Play: Rever­sal

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

• Result
  • -1R
• Prod­uct
  • DAX
• Open Sen­ti­ment
  • 0.39xASR Below Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
• IBR
  • Wide IBR
  • 0.86xASR
• Hypo
  • Hypo 4
  • Long
  • Rever­sal, OLD H4 demand, ADR exhaus­tion, tricky if D1 demand gets tak­en out, pos­si­ble Auc­tion Fade at W1 C‑Dem RBR
• Attempt­ed Setup
  • Rever­sal from with­in IBR
• Entry Tech­nique
  • M15 Bull­ish Inside Bar, expect­ing a M15 Three Out­side Up
• SL place­ment
  • Stan­dard SL (35)
• TPO peri­od for Entry
  • B TPO
• Trade Dura­tion
  • 0h23m
• Long/Short
  • Long
• Lead­ing Narrative
  • Strong uptrend 3/3
  • Trad­ing with­in D1 demand with­in H4 QLo

Actu­al Development

• B TPO closed as an Inside Bar, no con­tin­u­a­tion to M15 Bull­ish Inside Bar, pos­si­ble DBD and closed low­er tak­ing out SL

Good points

• No good points oth­er than tak­ing SL

Bad Points

• There was no IB exten­sion plus trade was tak­en dur­ing devel­op­ing IB
• It was my 4th Hypo so less probability
• I jumped the gun on this one

Next Day Analysis

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

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

Pre­mar­ket prep on the day: ‌

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