20220309 Trade Review DAX

Play: Sus­tained Auction

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

• Result
  • 1.2R
• Open Sen­ti­ment
  • 0.65xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Open at old H4 sup­ply and yesterday’s high
  • Asia formed a Neu­tral Day but pre­dom­i­nant­ly trad­ed higher
  • ADR exhaus­tion not far above, ASR Exhaus­tion just above it
• IBR
  • 0.45xASR
• Trend
  • Strong DT 3/3
  • H4: DOWN
  • D1: DOWN
  • W1: DOWN
• Hypo
  • 1
  • Long
  • Late-Sus­tained Auc­tion, prefer­ably close above Asia and IB / yesterday’s high
• Attempt­ed Setup
  • Ear­ly entry from with­in IB
• Entry Tech­nique
  • Gold had formed a Bear Engulf sim­i­lar­ly to DAX form­ing a Bull Engulf dur­ing B TPO. C TPO was look­ing to do the same so I went long ear­ly before wait­ing for an extension.
• SL place­ment
  • Short Ses­sion SL place­ment (8500)
• TPO peri­od for Entry
  • C TPO
• Trade Dura­tion
  • 0h26m
• Long/Short
  • Long
• Lead­ing Narrative
  • D1 Bull Engulf reject­ing D1/W1 QLo
  • Open sen­ti­ment
  • Gold burst low­er, inverse cor­re­la­tion with DAX

Actu­al Development

• C extend­ed and closed above IB in a sus­tained auc­tion, D imme­di­ate­ly extend­ed high­er and hit 1.2R target.
• The auc­tion was sus­tained and hit 2R and even­tu­al­ly higher

Good points

• Tak­ing the trade using ear­ly entry off inverse cor­re­la­tion with Gold

Bad Points

• Not nec­es­sar­i­ly bad but yet again I could’ve had a big­ger R‑multiple using OODA loops

Next Day Analysis

• Tar­get hit?
  • Yes, 1.2R
• Time-based Exit?
  • 0.8R
• Over­lap Noise?
  • 1.4R
• End of Day?
  • 6R
• High­est R multiple?
  • 8R

TAGS: Above Val­ue, Out­side Range, Mod­er­ate to Large Imbal­ance, Trend is DOWN 3/3, 

Pre­mar­ket prep on the day: ‌

20220309 Pre­mar­ket Prep DAX

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Dai­ly Report Card

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