20211109 Trade Review DAX

Play: Sus­tained Auction

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

• Result
  • -1R
• Prod­uct
  • DAX
• Open Sen­ti­ment
  • 0.05xASR Below Val­ue, With­in Range, Mod­er­ate Imbalance,
• IBR
  • 0.6xASR
• Hypo
  • 1
  • Val­ue Accep­tance to Sus­tained Auc­tion Up
• Attempt­ed Setup
  • Sus­tained Auction
• Entry Tech­nique
  • D TPO closed above IB and E popped H4/D1 Sup­ply and price pulled back to IB high
• SL place­ment
  • Stan­dard size 25 pips at B TPO low
• TPO peri­od for Entry
  • E TPO
• Trade Dura­tion
  • 4H21m
• Long/Short
  • Long
• Lead­ing Narrative
  • Larg­er time­frame bull­ish sentiment
  • H4/D1 Sup­ply get­ting popped
  • Val­ue Accep­tance and clos­ing above
  • Trend is up 3/3

Actu­al Development

Price formed a small speed bump dur­ing E and F test­ing IB high before clos­ing high­er in G. Price then rolled over and made one more attempt to move high­er lat­er in the session.

NY then took it in the oppo­site direc­tion and hit my SL.

Good points

• Wait­ing for sup­ply to get popped (get­ting rid of H4 con­ges­tion first) 
• Entry off IB high expect­ing a con­tin­u­a­tion to the sus­tained auction
• Walk­ing away and let­ting trade do it’s thing — I saw LTF halt­ing and fail­ing on the 2nd push up was con­sid­er­ing to take the trade off but no! That’s not the pur­pose of this exercise. 

Bad Points

• IBR was some­what wide

Next Day Analysis

• Tar­get hit?
  • No, ‑1R
• Time-based Exit?
  • 0.7R
• Over­lap Noise?
  • 0.6R
• End of Day?
  • -1R
• High­est R multiple?
  • 1.2R

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

Pre­mar­ket prep on the day: ‌

20211109 Pre­mar­ket Prep DAX

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