20220105 Trade Review DAX

07 Jan 20220105 Trade Review DAX

Play: Sus­tained Auction

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

• Result
  • 1R
• Prod­uct
  • DAX
• Open Sen­ti­ment
  • Ambigu­ous open although 0.05xASR Above Val­ue, Out­side Range
• IBR
  • 0.31xASR
• Hypo
  • 2
  • Sus­tained Auc­tion Long
• Attempt­ed Setup
  • Sus­tained Auction
• Entry Tech­nique
  • Break of IB
• SL place­ment
  • Stan­dard SL at 35 pips
• TPO peri­od for Entry
  • C TPO
• Trade Dura­tion
  • 0h10m
• Long/Short
  • Long
• Lead­ing Narrative
  • Pos­si­ble D1 Phase 2, no slow down with­in D1 QHi
  • Prev. Day Exceed­ed ADR by 1.07, pos­si­ble momentum
  • H4 con­sol­i­da­tion and break high­er in premarket
  • Mod­er­ate Imbal­ance, above val­ue, with­in range
  • IBR formed Ral­ly then Base with longer buy­ing wick, expec­ta­tion is for anoth­er Ral­ly com­plet­ing a RBR

Actu­al Development

• Price extend­ed above IB and quite quick­ly hit 1R which was my tar­get due to the time of year
• Price con­tin­ued high­er hit­ting 2.3R before revers­ing at ADR exhaus­tion, near­ing the take out of W1 sup­ply but also coin­cid­ing with a D1 supply.

Good points

• Tak­ing the trade
• Tak­ing an ear­ly exit based on ADR exhaus­tion above, time of the year and over­head D1 supply

Bad Points

• Didn’t abide by 2R exit rule, but I think that’s okay
• D1 sup­ply in the way of a 2R target
• I did not take the rever­sal based on the ADR exhaus­tion although I was think­ing the sup­ply could get popped first before a pos­si­ble rever­sal so let it go.

Next Day Analysis

• Tar­get hit?
  • Yes, 1R
• Time-based Exit?
  • 1.9R
• Over­lap Noise?
  • 2R
• End of Day?
  • -1R
• High­est R multiple?
  • 2.3R

TAGS: Above Val­ue, With­in Range, mod­er­ate Imbal­ance, Prev. Day Exceed­ed ADR,

Pre­mar­ket prep on the day: ‌

20220105 Pre­mar­ket Prep DAX

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