20220421 Trade Review DAX

Who says you can’t buy the top?! 🙂 

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

• Result
  • 1.2R
• Open Sen­ti­ment
  • 0.26xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Price trad­ing at round num­ber of 14500
  • Asia extend­ed higher
• IBR
  • 0.74xASR Wide IBR
• Trend
  • Trend is Down 2/3
  • H4: Up
  • D1: Down
  • W1: Down
• Hypo
  • 2
  • Long
  • Strength From With­in IBR
• Attempt­ed Setup
  • Strength From With­in IBR
• Entry Tech­nique
  • C extend­ed above IB and then price con­sol­i­dat­ed at IB high
  • Used M5 for entry
• SL place­ment
  • Stan­dard SL (5000)
• TPO peri­od for Entry
  • E TPO
• Trade Dura­tion
  • 1h10m
• Long/Short
  • Long 
• Lead­ing Narrative
  • D1/H4 Phase 2, no arrival at D1 QHi
  • Wide IBR with price con­sol­i­da­tion at IB high

Actu­al Development

• E closed above IB, F closed as a Bear­ish Inside Bar although no failed auc­tion, F hit Target

Good points

• Stay­ing with the trade even though F closed as a Bear­ish Inside Bar
• Under­stand­ing the nar­ra­tive even though trad­ing into D1 QHi as well as larg­er time­frame supply
• Good read­ing of the pro­file and price action

Bad Points

• Price would’ve hit 2R although then it start­ed revers­ing (hard)
• Although the trade worked out in hind­sight this was a very risky trade and not the most probable.

Next Day Analysis

• Tar­get hit?
  • Yes, 1.2R
• Time-based Exit?
  • 1.9R
• Over­lap Noise?
  • 1.9R
• End of Day?
  • -1R
• High­est R multiple?
  • 2.1R

TAGS: Above Val­ue, Out­side Range, Mod­er­ate to Large Imbal­ance, Trend is UP 2/3, 

Pre­mar­ket prep on the day: ‌

20220421 Pre­mar­ket Prep DAX

See more

Dai­ly Report Card:

How did I trade today? 20220421

See more

• Twit­ter
• Insta­gram