20220504 Trade Review DAX

05 May 20220504 Trade Review DAX

Failed Auc­tion

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

• Result
  • 0.5R
• Open Sen­ti­ment
  • Open With­in Value
  • Price opened at H4 QHi
  • 0.5xASR IBR
  • Asia formed a Neu­tral Day but most­ly trad­ed lower
  • NY wider than LN
• Trend
  • Trend is UP 2/3
  • H4: Up
  • D1: Up
  • W1: Down
• Hypo
  • 1
  • Long
  • Failed Auc­tion
• Attempt­ed Setup
  • Failed Auc­tion
• Entry Tech­nique
  • M5 con­sol­i­da­tion after exten­sion down dur­ing E TPO
• SL place­ment
  • ASR Short (4500)
• TPO peri­od for Entry
  • E TPO
• Trade Dura­tion
  • 0h33m
• Long/Short
  • Long
• Lead­ing Narrative
  • Pos­si­ble H4 Phase 1 / 3, Sup­ply test­ed mul­ti­ple times
  • D1 closed high­er com­ing from D1 QLo rejection
  • Open With­in Val­ue and probe below around 2nd DTTZ

Actu­al Development

• E Closed with­in IB, F closed as a pos­si­ble con­sol­i­da­tion and failed to close above VWAP or take out LTF sup­ply and I jumped out for a measly 0.5R

Good points

• Tak­ing the trade
• 1.7R at IB High

Bad Points

• Not tak­ing my stop, SL or tar­get. I real­ized I was “wear­ing horse blind­ers” and thought to just quit for the week.
• Price would’ve hit tar­get and more

Next Day Analysis

• Tar­get hit?
  • No, 0.5R
• Time-based Exit?
  • 0.8R
• Over­lap Noise?
  • 1R
• End of Day?
  • 6R
• High­est R multiple?
  • 6R

TAGS: Open With­in Val­ue, Trend is Up 2/3, 

Pre­mar­ket prep on the day: ‌

• Twit­ter
• Insta­gram