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20220315 Trade Review DAX

20220315 Trade Review DAX

Play: Rever­sal using Auc­tion Fade to Failed Auc­tion (risky odd scenario)

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

Click to Enlarge
  • Result
    • 0R
  • Open Sen­ti­ment
    • 0.02xASR Below Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia formed a Neu­tral day but pre­dom­i­nant­ly trad­ed lower
  • IBR
    • 0.36xASR
  • Trend
    • Trend is Down 2/3
    • H4: Up
    • D1: Down
    • W1: Down
  • Hypo
    • 4
    • Long
    • Auc­tion Fade
  • Attempt­ed Setup
    • Rever­sal using Auc­tion Fade to Failed Auction
  • Entry Tech­nique
    • M15 RBR with re-test of new­ly formed M15 demand for entry
    • M15 RBR tran­si­tion to M30 Three Out­side Up
  • SL place­ment
    • Aver­age SL (10000)
  • TPO peri­od for Entry
    • G TPO
  • Trade Dura­tion
    • 11:05 entry
    • 0h50m, 11:55, 1.2R
    • 1h06m, 12:11, 1.7R
    • 2h07m, 13:22, 2R
  • Long/Short
    • Long
  • Lead­ing Narrative
    • D1 QLo rejec­tion, pos­si­ble D1 VWAP break out as there was no reac­tion from VWAP with price clos­ing lower
    • Price returned to D1 Sup­ply Base level
    • Sus­tained Auc­tion right into H4 QLo and price strug­gling to sus­tain auction
    • Buy­ing tail in E TPO, con­firmed by F TPO clos­ing higher
    • G TPO retest­ing M15 demand

Click to Enlarge

Actu­al Development

  • G TPO closed at IB low not tech­ni­cal­ly fail­ing the auc­tion, even though M15 did close with­in, M30 closed slight­ly below
  • Then a con­tin­u­a­tion higher

Good points

  • Under­stand­ing the nar­ra­tive and stay­ing out of the poten­tial Sus­tained Auc­tion down. My intu­ition worked well here. 
  • Try­ing to take a trade

Bad Points

  • FX syn­er­gy not work­ing and fail­ing to fill my posi­tion and then price moved away so I couldn’t fum­ble around with a man­u­al order.

Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • No, 0R. FX syn­er­gy gave me an error mes­sage: Invalid Price. Still not sure what went wrong there. Will look into it further.
  • Time-based Exit?
    • 1R
  • Over­lap Noise?
    • 1.5R
  • End of Day?
    • 3.8R
  • High­est R multiple?
    • 3.8R

TAGS: Below Val­ue, With­in Range, Mod­er­ate Imbal­ance, Trend is Down 2/3, 

Pre­mar­ket prep on the day: ‌

Dai­ly Report Card:


Day trader. Tech geek. Sim Racing Enthusiast.

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