20211122 Trade Review DAX

Play: Failed Auction

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

• Result
  • -1R
• Prod­uct
  • DAX
• Open Sen­ti­ment
  • Open With­in Val­ue, Wide Value
• IBR
  • 0.51xASR
• Hypo
  • 1
  • Failed Auc­tion Long
• Attempt­ed Setup
  • Failed Auc­tion
• Entry Tech­nique
  • M15 longer buy­ing wicks at H4 demand clos­ing with­in IBR
• SL place­ment
  • Stan­dard SL (20)
• TPO peri­od for Entry
  • E TPO
• Trade Dura­tion
  • 1h2m
• Long/Short
  • Long
• Lead­ing Narrative
  • Open with­in val­ue, price react­ing to H4 demand of the Bull Engulf and clos­ing with­in IBR, trend is up 2/3

Actu­al Development

Price pro­ceed­ed to close as a M30 Three Inside Up before revers­ing in G and H hit­ting SL.

Good points

• Tak­ing the trade

Bad Points

• Weak Price Action as entry signal
• Price was devel­op­ing and trad­ing most of the time below the pre­ced­ing Inside Bar
• Might have just been eager to take a trade

Next Day Analysis

• Tar­get hit?
  • No, ‑1R
• Time-based Exit?
  • -1R
• Over­lap Noise?
  • -1R
• End of Day?
  • -1R
• High­est R multiple?
  • 0.9R

TAGS: Open With­in Val­ue, Trend is UP 2/3, Wide Value

Pre­mar­ket prep on the day: ‌

20211122 Pre­mar­ket Prep DAX

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