20220119 Trade Review DAX

20 Jan 20220119 Trade Review DAX

Play: Val­ue Acceptance

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

• Result
  • 1.2R
• Prod­uct
  • DAX
• Open Sen­ti­ment
  • 0.54xASR Below Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
• IBR
  • 0.98xASR
  • Wide IBR
• Hypo
  • Hypo 1
  • Long
  • Val­ue Accep­tance, mon­i­tor for con­tin­u­a­tion although H4 c‑sup above VAH
• Attempt­ed Setup
  • Val­ue Acceptance
• Entry Tech­nique
  • M15 can­dle close with­in Value
• SL place­ment
  • Stan­dard size (35), sad­ly cut­ting through the body of the entry can­dle but due to expect­ing momen­tum this can be forgiven
• TPO peri­od for Entry
  • B TPO
• Trade Dura­tion
  • 0h54m
• Long/Short
  • Long
• Lead­ing Narrative
  • Prev. Day Exceed­ed ADR by 1.82
  • Price trad­ing at W1 demand and start­ed reacting
  • M15 can­dle dur­ing B TPO closed with­in Val­ue in an 2/3 uptrend

Actu­al Development

• B TPO closed with­in val­ue fol­lowed by a RBR hit­ting 1.2R

Good points

• Tak­ing the trade even though hav­ing sup­ply at VAH and wide IBR

Bad Points

• Could’ve let the trade go on longer but due to the time of year I decid­ed to stick with the 1.2R rule for now

Next Day Analysis

• Price end­ed up devel­op­ing a very big H4 Bull ENgulf dur­ing the LN ses­sion then pulled back at the end of the day form­ing a Neu­tral near-Doji sig­nal­ing a pos­si­ble con­tin­u­a­tion unless the next day clos­es higher. 
• Tar­get hit?
  • Yes, 1.2R
• Time-based Exit?
  • 2.9R
• Over­lap Noise?
  • 2.5R
• End of Day?
  • 0.7R
• High­est R multiple?
  • 4.5R

TAGS: Below Val­ue, Out­side Range, Trend is UP 2/3, Mod­er­ate to Large imbal­ance, Prev. Day Exceed­ed ADR,

Pre­mar­ket prep on the day: ‌

• Twit­ter
• Insta­gram