20220315 Trade Review DAX

16 Mar 20220315 Trade Review DAX

Play: Rever­sal using Auc­tion Fade to Failed Auc­tion (risky odd scenario)

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

• Result
  • 0R
• Open Sen­ti­ment
  • 0.02xASR Below Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia formed a Neu­tral day but pre­dom­i­nant­ly trad­ed lower
• IBR
  • 0.36xASR
• Trend
  • Trend is Down 2/3
  • H4: Up
  • D1: Down
  • W1: Down
• Hypo
  • 4
  • Long
  • Auc­tion Fade
• Attempt­ed Setup
  • Rever­sal using Auc­tion Fade to Failed Auction
• Entry Tech­nique
  • M15 RBR with re-test of new­ly formed M15 demand for entry
  • M15 RBR tran­si­tion to M30 Three Out­side Up
• SL place­ment
  • Aver­age SL (10000)
• TPO peri­od for Entry
  • G TPO
• Trade Dura­tion
  • 11:05 entry
  • 0h50m, 11:55, 1.2R
  • 1h06m, 12:11, 1.7R
  • 2h07m, 13:22, 2R
• Long/Short
  • Long
• Lead­ing Narrative
  • D1 QLo rejec­tion, pos­si­ble D1 VWAP break out as there was no reac­tion from VWAP with price clos­ing lower
  • Price returned to D1 Sup­ply Base level
  • Sus­tained Auc­tion right into H4 QLo and price strug­gling to sus­tain auction
  • Buy­ing tail in E TPO, con­firmed by F TPO clos­ing higher
  • G TPO retest­ing M15 demand

Actu­al Development

• G TPO closed at IB low not tech­ni­cal­ly fail­ing the auc­tion, even though M15 did close with­in, M30 closed slight­ly below
• Then a con­tin­u­a­tion higher

Good points

• Under­stand­ing the nar­ra­tive and stay­ing out of the poten­tial Sus­tained Auc­tion down. My intu­ition worked well here. 
• Try­ing to take a trade

Bad Points

• FX syn­er­gy not work­ing and fail­ing to fill my posi­tion and then price moved away so I couldn’t fum­ble around with a man­u­al order.

Next Day Analysis

• Tar­get hit?
  • No, 0R. FX syn­er­gy gave me an error mes­sage: Invalid Price. Still not sure what went wrong there. Will look into it further.
• Time-based Exit?
  • 1R
• Over­lap Noise?
  • 1.5R
• End of Day?
  • 3.8R
• High­est R multiple?
  • 3.8R

TAGS: Below Val­ue, With­in Range, Mod­er­ate Imbal­ance, Trend is Down 2/3, 

Pre­mar­ket prep on the day: ‌

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