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
- T1
- 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:
Daily Report Card: