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20220224 Trade Review DAX

20220224 Trade Review DAX

Play: Failed Auction

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

Click to Enlarge
  • Result
    • 0.3R
  • Open Sen­ti­ment
    • 2.82xASR Below Val­ue, Out­side Range
    • Huge Imbal­ance, pos­si­ble con­tin­u­a­tion although price trad­ing at D1 QLo, W1/D1 demand
  • IBR
    • 0.93xASR Wide IBR
  • Hypo
    • Short
    • Failed Auc­tion
  • Attempt­ed Setup
    • Failed Auc­tion
  • Entry Tech­nique
    • M15 Bear Engulf clos­ing with­in IBR
  • SL place­ment
    • Stan­dard SL (7500)
  • TPO peri­od for Entry
    • D TPO
  • Trade Dura­tion
    • 0h23m
  • Long/Short
    • Short
  • Lead­ing Narrative
    • 2.82xASR Below Val­ue, Out­side Range
    • Huge Imbal­ance, pos­si­ble continuation
    • Trend is Down 2/3
    • MN/W1/D1 demand got tak­en out possible
    • Pos­si­ble MN Phase 3 to 4 tran­si­tion, devel­op­ing MN Three Out­side Down
    • Asia extend­ed down exhaust­ing ADR, pos­si­ble uni­di­rec­tion­al day
    • 0.93xASR Wide IBR, price extend­ed above then failed the auc­tion through M15 Bear Engulf with­in IBR

Click to Enlarge

Actu­al Development

  • Price formed a M15 DBD and M30 kept clos­ing low­er final­ly form­ing a Neu­tral Day

Good points

  • Tak­ing the trade

Bad Points

  • Grasshop­per­ing out of the trade due to sec­ond guess­ing the D1 QLo impli­ca­tion and trad­ing right into W1/D1 demand

Click to Enlarge
Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • No, took 0.3R
  • Time-based Exit?
    • 1.7R
  • Over­lap Noise?
    • 2.7R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 2.5R at IB rota­tion low
    • 3.9R

TAGS: Huge Imbal­ance, Below Val­ue, Out­side Range, Trend is Down 2/3, 

Pre­mar­ket prep on the day: ‌

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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