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20220413 Trade Review DAX

20220413 Trade Review DAX

Play: Failed Auc­tion (Missed), 3‑I Day Auc­tion Fade (Missed)

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

T1 Click to Enlarge
T2 Click to Enlarge
  • Result
    • T1 Missed
    • T2 Missed
  • Open Sen­ti­ment
    • Open With­in Value
    • Asia extend­ed and trad­ed higher
  • IBR
    • 0.34xASR Tight IBR
  • Trend
    • Strong DT
    • H4: Down
    • D1: Down
    • W1: Down
  • Hypo
    • T1
      • 1
      • Short
      • Failed Auc­tion, Pos­si­ble 3‑I Day
    • T2
      • 3
      • Long
      • Auc­tion Fade
  • Attempt­ed Setup
    • T1: Failed Auction
    • T2: Auc­tion Fade
  • Entry Tech­nique
    • T1: E TPO clos­ing as a Bear Engulf
    • T2: M5 con­sol­i­da­tion at H4 QLo after M15 Bull­ish Inside Bar was formed and Three Out­side Up was poten­tial­ly developing
  • SL place­ment
    • T1: Stan­dard SL (5000)
    • T2: Risk adjust­ed SL (2500) pic­ture shows 4000 SL but this could’ve been adjust­ed for a tighter stop
  • TPO peri­od for Entry
    • T1: F TPO
    • T2: G TPO
  • Trade Dura­tion
    • T1: 0h25m
    • T2: 0h10m
  • Long/Short
    • T1: Short
    • T2: Short
  • Lead­ing Narrative
    • T1: Strong DT
    • Open sen­ti­ment
    • Pos­si­ble Devel­op­ing H4 Three Out­side Down
    • Pos­si­ble D1 Phase 4 narrative
    • T2: Open sentiment
    • Pos­si­ble Devel­op­ing H4 Three Out­side Down
    • Pos­si­ble D1 Phase 4 narrative
    • D1/H4 QLo
    • 3‑I Day Auc­tion Fade


T1 Click to Enlarge


T2 Click to Enlarge

Actu­al Development

  • T1
    • Even though no good prof­it tar­get at IB low the expec­ta­tion is for a pos­si­ble 3‑I day ie a con­tin­u­a­tion. This came with F extend­ing to the oppo­site side
  • T2
    • Price closed with­in IBR hit­ting 2R before revers­ing back down

Good points

  • Under­stand­ing the nar­ra­tive and tak­ing notes as I have not trad­ed many 3‑I days

Bad Points

  • I could’ve tak­en the trade as I was sit­ting here observing

T1 Click to Enlarge
T2 Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • T1: yes
    • T2: yes
  • Time-based Exit?
    • T1: 0.5R
    • T2: 1.3R
  • Over­lap Noise?
    • T1: 0.7R
    • T2: 0.9R
  • End of Day?
    • T1: ‑1R
    • T2: ‑1R
  • High­est R multiple?
    • T1: 1.8R
    • T2: 2R

TAGS: Open With­in Val­ue, 3‑I Day, Trend is Down 3/3, 

Pre­mar­ket prep on the day: ‌

Dai­ly Report Card:


Day trader. Tech geek. Sim Racing Enthusiast.

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