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20220323 Trade Review DAX

20220323 Trade Review DAX

Play: Failed Auction

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

Click to Enlarge
  • Result
    • 0.3R
  • Open Sen­ti­ment
    • Asia formed a Neu­tral Day but pre­dom­i­nant­ly trad­ed higher
    • 0.27xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
  • IBR
    • 0.23xASR Tight IBR
  • Trend
    • Trend is Down 2/3
    • H4: Up
    • D1: Down
    • W1: Down
  • Hypo
    • 1
    • Long
    • Return to Val­ue, VAH rever­sal, pos­si­ble Failed Auction
  • Attempt­ed Setup
    • Failed Auc­tion
  • Entry Tech­nique
    • M15 Bull Engulf clos­ing with­in IBR after react­ing off VAH
  • SL place­ment
    • Risk adjust­ed SL (5000)
  • TPO peri­od for Entry
    • D TPO
  • Trade Dura­tion
    • 0h10m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • D1 Bull Engulf (High in Dis­tri­b­u­tion Curve)
    • Open sen­ti­ment and price return­ing to val­ue fol­lowed by a reac­tion through M15 Bull Engulf

Actu­al Development

  • D failed to make a HH and closed down extend­ing below IB and mak­ing a LL
  • Gold had accept­ed val­ue and I took of the trade real­iz­ing it was a mis­take to be long on DAX.

Good points

  • I should not have been in this trade

Bad Points

  • Pos­si­bly devel­op­ing H4 Bear Engulf
  • D1 demand was high in dis­tri­b­u­tion curve and thus less valid as a bounce level
  • Gold was strong­ly bull­ish (inverse cor­re­la­tion puts a more bear­ish sen­ti­ment on DAX)

Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • No, 0.3R
  • Time-based Exit?
    • -1R
  • Over­lap Noise?
    • -1R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 0.4R

TAGS: Above Val­ue, Out­side Range, Mod­er­ate to Large Imbal­ance, Tight IB, Trend is Down 2/3,  

Pre­mar­ket prep on the day: ‌

Dai­ly Report Card:

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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