20220413 Trade Review DAX

14 Apr 20220413 Trade Review DAX

Play: Failed Auc­tion (Missed), 3‑I Day Auc­tion Fade (Missed)

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

• Result
  • T1 Missed
  • T2 Missed
• Open Sen­ti­ment
  • Open With­in Value
  • Asia extend­ed and trad­ed higher
• IBR
  • 0.34xASR Tight IBR
• Trend
  • Strong DT
  • H4: Down
  • D1: Down
  • W1: Down
• Hypo
  • T1
    • 1
    • Short
    • Failed Auc­tion, Pos­si­ble 3‑I Day
  • T2
    • 3
    • Long
    • Auc­tion Fade
• Attempt­ed Setup
  • T1: Failed Auction
  • T2: Auc­tion Fade
• Entry Tech­nique
  • T1: E TPO clos­ing as a Bear Engulf
  • T2: M5 con­sol­i­da­tion at H4 QLo after M15 Bull­ish Inside Bar was formed and Three Out­side Up was poten­tial­ly developing
• SL place­ment
  • T1: Stan­dard SL (5000)
  • T2: Risk adjust­ed SL (2500) pic­ture shows 4000 SL but this could’ve been adjust­ed for a tighter stop
• TPO peri­od for Entry
  • T1: F TPO
  • T2: G TPO
• Trade Dura­tion
  • T1: 0h25m
  • T2: 0h10m
• Long/Short
  • T1: Short
  • T2: Short
• Lead­ing Narrative
  • T1: Strong DT
  • Open sen­ti­ment
  • Pos­si­ble Devel­op­ing H4 Three Out­side Down
  • Pos­si­ble D1 Phase 4 narrative
  • T2: Open sentiment
  • Pos­si­ble Devel­op­ing H4 Three Out­side Down
  • Pos­si­ble D1 Phase 4 narrative
  • D1/H4 QLo
  • 3‑I Day Auc­tion Fade

T1

T2

Actu­al Development

• T1
  • Even though no good prof­it tar­get at IB low the expec­ta­tion is for a pos­si­ble 3‑I day ie a con­tin­u­a­tion. This came with F extend­ing to the oppo­site side
• T2
  • Price closed with­in IBR hit­ting 2R before revers­ing back down

Good points

• Under­stand­ing the nar­ra­tive and tak­ing notes as I have not trad­ed many 3‑I days

Bad Points

• I could’ve tak­en the trade as I was sit­ting here observing

Next Day Analysis

• Tar­get hit?
  • T1: yes
  • T2: yes
• Time-based Exit?
  • T1: 0.5R
  • T2: 1.3R
• Over­lap Noise?
  • T1: 0.7R
  • T2: 0.9R
• End of Day?
  • T1: ‑1R
  • T2: ‑1R
• High­est R multiple?
  • T1: 1.8R
  • T2: 2R

TAGS: Open With­in Val­ue, 3‑I Day, Trend is Down 3/3, 

Pre­mar­ket prep on the day: ‌

20220413 Pre­mar­ket Prep DAX

Dai­ly Report Card:

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