20220124 Trade Review DAX

25 Jan 20220124 Trade Review DAX

Play: Auc­tion Fade (Oppor­tunis­tic Trade 2nd DTTZ)

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

• Result
  • 0.5R
• Prod­uct
  • DAX
• Open Sen­ti­ment
  • 0.66xASR Below Val­ue, With­in Range
  • Mod­er­ate Imbalance
• IBR
  • Wide IBR 1xASR
• Hypo
  • 2
  • Long
  • Auc­tion Fade, pos­si­ble rever­sal at W1/D1 demand
• Attempt­ed Setup
  • Auc­tion Fade (Oppor­tunis­tic Trade 2nd DTTZ)
• Entry Tech­nique
  • M5 con­sol­i­dat­ing at the right time of day
• SL place­ment
  • Stan­dard SL (35)
• TPO peri­od for Entry
  • F TPO
• Trade Dura­tion
  • 0h05m
• Long/Short
  • Long
• Lead­ing Narrative
  • Price trad­ing with­in W1/D1 demand after a sus­tained auc­tion down
  • Price trad­ing with­in D1 QLo
  • ADR got exhausted
  • Right time of day 2nd DTTZ
  • M5 con­sol­i­da­tion and break higher

Actu­al Development

• Price con­tin­ued high­er hit­ting 2R before revers­ing and con­tin­u­ing the sus­tained auc­tion down

Good points

• Stalk­ing and tak­ing the oppor­tunis­tic trade (also after tak­ing a loss on Gold)

Bad Points

• Not wait­ing for F TPO to close before tak­ing the trade off which would have result­ed in 0.7R
• Even though an oppor­tunis­tic trade shouldn’t be kept too long I could have mon­i­tored price action more close­ly and seen that G TPO even­tu­al­ly pulled back high­er hit­ting 2R before reversing

Next Day Analysis

• Tar­get hit?
  • Yes, although tar­get was the close of F TPO which would have yield­ed 0.7R but I took 0.5R
• Time-based Exit?
  • 0.2R
• Over­lap Noise?
  • -1R
• End of Day?
  • -1R
• High­est R multiple?
  • 2R

TAGS: Below Val­ue, With­in Range, Mod­er­ate Imbal­ance, Trend is UP 2/3, 

Pre­mar­ket prep on the day: ‌

• Twit­ter
• Insta­gram