Play: Sustained Auction
#fintwit #orderflow #daytrading #tradingreview #priceaction #chartreview #DAX #DE30 #DE30Cash
- Result
- 1.2R
- Open Sentiment
- Open Within Value
- Wide value
- Balancing Market
- Asia extended higher but pulled back within IBR
- IBR
- 0.21xASR Tight IBR
- Trend
- Trend is down 2/3
- H4: Up
- D1: Down
- W1: Down
- Hypo
- 2
- Long
- Late-Sustained Auction, preferably closing above VAH as well
- Attempted Setup
- Sustained Auction
- Entry Technique
- Pullback to newly formed M30 C‑dem from Bull Engulf
- SL placement
- Average SL (10000)
- TPO period for Entry
- D TPO
- Trade Duration
- 0h39M
- Long/Short
- Long
- Leading Narrative
- D1 QLo rejection
- Wide Value
- Gold rejecting value to the downside
- C TPO extending IBR to the upside with pullback to new M30 C‑Dem
Actual Development
- D closed higher but right at IBR high
- E took out the high on the profile hitting 1.2 target
Good points
- Taking the trade and using Gold as directional odds enhancer
Bad Points
- Could’ve just taking the Gold trade as it was a more solid thesis
Next Day Analysis
- Target hit?
- Yes, 1.2R
- Time-based Exit?
- 1.1R
- Overlap Noise?
- 0.7R
- End of Day?
- -0.1R
- Highest R multiple?
- 2.3R
TAGS: Open Within Value, Trend is Down 2/3,
Premarket prep on the day:
Daily Report Card: