20220314 Trade Review DAX

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: ‌

20220314 Pre­mar­ket Prep DAX

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