20220329 Trade Review DAX

Play: Return to Val­ue, Reversal

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

• Result
  • 1.2R
• Open Sen­ti­ment
  • 0.23xASR Above Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia extend­ed and trad­ed higher
• IBR
  • 0.48xASR Nor­mal IBR, IB formed a Bear Engulf
• Trend
  • Trend is Down 2/3
  • H4: Up
  • D1: Down
  • W1: Down
• Hypo
  • 2
  • Long
  • Return to Val­ue, VAH Rever­sal, risky with bear engulf right above, per­haps best for price to clear that first
  • Pos­si­ble Failed Auction
• Attempt­ed Setup
  • Rever­sal
• Entry Tech­nique
  • Pos­si­ble devel­op­ing M30 RBR above VAH
  • M15 demand cre­at­ed with longer buy­ing wicks
• SL place­ment
  • Stan­dard SL (6000)
• TPO peri­od for Entry
  • E TPO
• Trade Dura­tion
  • 0h04m
• Long/Short
  • Long
• Lead­ing Narrative
  • D1 Phase 1, D1 RBR clos­ing above con­sol­i­da­tion tak­ing out D1 Sup­ply, pos­si­ble con­tin­u­a­tion higher
  • D1 QLo reject­ed with price trad­ing mid swing ie. no arrival at D1 QHi (yet)
  • Prev. Day Exceed­ed ADR 1.16 (pos­si­ble momentum)
  • Open Sen­ti­ment
  • Devel­op­ing M30 RBR, LTF con­sol­i­da­tion and break higher
  • Gold hav­ing a Sus­tained Auc­tion Down

Actu­al Development

• E TPO quick­ly burst high­er extend­ing above IBR hit­ting target

Good points

• Under­stand­ing the higher/medium time­frame narrative
• Under­stand­ing the inverse cor­re­la­tion with Gold
• Under­stand­ing the coun­tertrend cor­re­la­tion in both asset classes
• Going against the Bear Engulf formed dur­ing IB (rare though and risky)

Bad Points

• Trade hit 2R in the next TPO

Next Day Analysis

• Tar­get hit?
  • Yes, 1.2R
• Time-based Exit?
  • 1.7R
• Over­lap Noise?
  • 0.5R
• End of Day?
  • 4.2R
• High­est R multiple?
  • 5R

TAGS: Above Val­ue, With­in Range, Mod­er­ate Imbal­ance, Trend is Down 2/3, Prev. Day Exceed­ed ADR, Inverse Asset Correlation, 

Pre­mar­ket prep on the day: ‌

20220329 Pre­mar­ket Prep DAX

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Dai­ly Report Card:

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