20220221 Trade Review DAX

22 Feb 20220221 Trade Review DAX

Play: Late-Sus­tained Auc­tion, Val­ue Rejection

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

• Result
  • 0R
• Open Sen­ti­ment
  • Open With­in Value
  • Bal­anc­ing Market
  • Open at W1 C‑Sup
• IBR
  • 0.57xASR
  • Pos­si­ble momentum
• Hypo
  • 2
  • Short
  • Late-Sus­tained Auction
  • Weak­ness From With­in IBR
• Attempt­ed Setup
  • Late-Sus­tained Auction
• Entry Tech­nique
  • C closed below IBR & Val­ue (tech­ni­cal­ly reject­ing value)
  • D TPO pulls back to IB low before con­tin­u­ing lower
  • Sell Lim­it Order at IB low
• SL place­ment
  • Stan­dard SL (55)
• TPO peri­od for Entry
  • D TPO
• Trade Dura­tion
  • Sell Lim­it Order did not get hit
  • 2R would’ve hit in 1 hour
• Long/Short
  • Short
• Lead­ing Narrative
  • Larg­er time­frame Bear­ish Sentiment
    • Pos­si­ble MN Phase 3
    • W1 demand End test­ed mul­ti­ple times
  • Asia Gapped down, filled the gap trad­ing higher
  • Lon­don opened with­in val­ue, extend­ing and clos­ing below IB and Value

Actu­al Development

• Price pro­ceed­ed to close low­er in a sus­tained auc­tion tak­ing out W1/D1 demand End
• Then a slight pull­back before NY open before a con­tin­u­a­tion down 

Good points

• Wait­ing for the pull­back to IB low

Bad Points

• Being to rigid on a test of IB low — I should’ve just entered on a mar­ket order when price neared IB low. A few pips don’t matter.

Next Day Analysis

• Tar­get hit?
  • No, order did not get triggered
• Time-based Exit?
  • 2.2R
• Over­lap Noise?
  • 3.1R
• End of Day?
  • 13R
• High­est R multiple?
  • 13R

TAGS: Open With­in Val­ue, Bal­anc­ing Mar­ket, Trend is Down 2/3, 

Pre­mar­ket prep on the day: ‌

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