20220330 Trade Review DAX

01 Apr 20220330 Trade Review DAX

Play: Val­ue Accep­tance, Sus­tained Auc­tion T1 & T2

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

• Result
  • 1.2R
  • 2nd trade: 0.5R
• Open Sen­ti­ment
  • 0.00xASR Above Val­ue, With­in Range
  • Ambigu­ous open
  • Mod­er­ate Imbalance
  • Asia extend­ed and trad­ed lower
• IBR
  • 0.43xASR Nor­mal IBR, accept­ed val­ue dur­ing A, formed a base dur­ing B TPO
• Trend
  • Trend is Down 2/3
  • H4: Up
  • D1: Down
  • W1: Down
• Hypo
  • 1
  • Short
  • Val­ue Accep­tance, pos­si­ble con­tin­u­a­tion after rotation
  • 2nd trade: same hypo 1 narrative
• Attempt­ed Setup
  • Sus­tained Auction
• Entry Tech­nique
  • Break of IB, pull­back to test IB low
  • 2nd trade: low ini­tia­tive sus­tained auc­tion, pop to the down­side mak­ing a LL, M5 clos­ing as a Bear Engulf
• SL place­ment
  • Stan­dard SL (6000)
  • 2nd trade: Stan­dard SL (6000)
• TPO peri­od for Entry
  • C TPO
  • 2nd trade: G TPO
• Trade Dura­tion
  • 1h54m
  • 2nd trade: 0h1m
• Long/Short
  • Short
• Lead­ing Narrative
  • Open Sen­ti­ment and val­ue acceptance
  • Asia Extend­ed and closed down, pos­si­ble uni­di­rec­tion­al day com­ing from D1 QHi in a downtrend
  • H4 Bear Engulf at D1 QHi and devel­op­ing continuation
  • Trend is Down 2/3
  • 2nd entry: price rotat­ed through val­ue indi­cat­ing a pos­si­ble fur­ther con­tin­u­a­tion low­er, price pulled back to IB low and I went short for a 2nd time.

T1 Exit

T2 Exit

Actu­al Development

• C closed below IB, D formed a Ham­mer, E and F pulled back inch­ing high­er to IB low with­out mak­ing a LL but not clos­ing with­in IB, tech­ni­cal­ly sus­tain­ing the auction

Good points

• Under­stand­ing the narrative
• Get­ting in on a 2nd trade for the same setup

Bad Points

• Fum­bled FX Syn­er­gy on he first trade again. I should’ve been stalk­ing the trade a bit ear­li­er but I had just fin­ished writ­ing my preps.
• Could’ve let the 2nd trade go on longer

Next Day Analysis

• Tar­get hit?
  • Yes, 1.2R
  • 2nd trade: No, 0.5R
• Time-based Exit?
  • 0.3R
  • 2nd trade: 0.1R
• Over­lap Noise?
  • 0.5R
  • 2nd trade: 0.3R
• End of Day?
  • 0.7R
  • 2nd trade: 0.5R
• High­est R multiple?
  • 1.9R
  • 2nd trade: 1.7R

TAGS: Above Val­ue, With­in Range, Mod­er­ate Imbal­ance, Ambigu­ous Open, Trend is Down 2/3, 

Pre­mar­ket prep on the day: ‌

20220330 Pre­mar­ket Prep DAX

Dai­ly Report Card:

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