20220318 Trade Review DAX T2

Play: 2nd DTTZ Oppor­tunis­tic Trade Auc­tion Fade

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

• Result
  • 0R
• Open Sen­ti­ment
  • Open With­in Value
  • Asia formed a Neu­tral Day but pre­dom­i­nant­ly trad­ed down
• IBR
  • 0.15xASR Tight IBR
• Trend
  • Trend is Down 2/3
  • H4: Up
  • D1: Down
  • W1: Down
• Hypo
  • Hypo 4
  • Long
  • Auc­tion Fade
• Attempt­ed Setup
  • 2nd DTTZ Coun­ter­move Oppor­tunis­tic Auc­tion Fade
• Entry Tech­nique
  • M5 RBR cre­at­ed near IB low after C TPO had extend­ed to the upside
• SL place­ment
  • Adjust­ed SL at (3000)
• TPO peri­od for Entry
  • G TPO
• Trade Dura­tion
  • 0h11m
• Long/Short
  • Long
• Lead­ing Narrative
  • 3‑I Day
  • Neu­tral Day
  • LTF con­sol­i­da­tion
  • 2nd DTTZ

Actu­al Development

• G TPO got close to Fad­ing the Auc­tion all the way to IB low and hit 1.2R before clos­ing down as a DBD

Good points

• Under­stand­ing the narrative

Bad Points

• Not tak­ing the trade — I want­ed to see a more con­fi­dent close on M5/M15. This was too much to ask and the con­sol­i­da­tion itself was a good enough entry. 
• I’ve done this kind of trades before so not sure why I doubt­ed it. Per­haps because of the pre­vi­ous loss. I was also con­sid­er­ing F TPO clos­ing with a long sell­ing wick. I’ll have to keep taps on this if it hap­pens again.

Next Day Analysis

• Tar­get hit?
  • No, 1.2R
• Time-based Exit?
  • -1R
• Over­lap Noise?
  • -1R
• End of Day?
  • -1R
• High­est R multiple?
  • 1.2R

TAGS: Open With­in Val­ue, Trend is Down 2/3, 3–1 Day, 

Pre­mar­ket prep on the day: ‌

20220318 Pre­mar­ket Prep DAX

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Dai­ly Report Card:

How did I trade today? 20220318

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