20220224 Trade Review DAX

Play: Failed Auction

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

• Result
  • 0.3R
• Open Sen­ti­ment
  • 2.82xASR Below Val­ue, Out­side Range
  • Huge Imbal­ance, pos­si­ble con­tin­u­a­tion although price trad­ing at D1 QLo, W1/D1 demand
• IBR
  • 0.93xASR Wide IBR
• Hypo
  • Short
  • Failed Auc­tion
• Attempt­ed Setup
  • Failed Auc­tion
• Entry Tech­nique
  • M15 Bear Engulf clos­ing with­in IBR
• SL place­ment
  • Stan­dard SL (7500)
• TPO peri­od for Entry
  • D TPO
• Trade Dura­tion
  • 0h23m
• Long/Short
  • Short
• Lead­ing Narrative
  • 2.82xASR Below Val­ue, Out­side Range
  • Huge Imbal­ance, pos­si­ble continuation
  • Trend is Down 2/3
  • MN/W1/D1 demand got tak­en out possible
  • Pos­si­ble MN Phase 3 to 4 tran­si­tion, devel­op­ing MN Three Out­side Down
  • Asia extend­ed down exhaust­ing ADR, pos­si­ble uni­di­rec­tion­al day
  • 0.93xASR Wide IBR, price extend­ed above then failed the auc­tion through M15 Bear Engulf with­in IBR

Actu­al Development

• Price formed a M15 DBD and M30 kept clos­ing low­er final­ly form­ing a Neu­tral Day

Good points

• Tak­ing the trade

Bad Points

• Grasshop­per­ing out of the trade due to sec­ond guess­ing the D1 QLo impli­ca­tion and trad­ing right into W1/D1 demand

Next Day Analysis

• Tar­get hit?
  • No, took 0.3R
• Time-based Exit?
  • 1.7R
• Over­lap Noise?
  • 2.7R
• End of Day?
  • -1R
• High­est R multiple?
  • 2.5R at IB rota­tion low
  • 3.9R

TAGS: Huge Imbal­ance, Below Val­ue, Out­side Range, Trend is Down 2/3, 

Pre­mar­ket prep on the day: ‌

20220224 Pre­mar­ket Prep DAX

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