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: