20211014 Trade Review DAX

15 Oct 20211014 Trade Review DAX

Play: Sus­tained Auction

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

• Result
  • 2R
• Prod­uct
  • DAX
• Open Sen­ti­ment
  • 0.46xASR Above Val­ue, Out­side Range
• IBR
  • 0.46xASR
• Hypo
  • 2
• Attempt­ed Setup
  • Sus­tained Auction
• Entry Tech­nique
  • Break of IB
• SL place­ment
  • Stan­dard SL size
• TPO peri­od for Entry
  • C TPO
• Trade Dura­tion
  • 4h30m
• Long/Short
  • Long
• Lead­ing Narrative
  • Prev. day slight­ly exceed­ed ADR indi­cat­ing pos­si­ble strength. Open was at yesterday’s high which coin­cid­ed with near­by VAH. Thus a Return to Val­ue or Sus­tained Auc­tion was in the cards. 

Actu­al Development

Price formed a base in D TPO then fol­lowed a RBR in E before con­sol­i­dat­ing lat­er in the ses­sion to con­tin­ue in the over­lap noise hit­ting the target.

Good points

• Tak­ing the trade
• Under­stand­ing and remem­ber­ing the sig­nif­i­cance of the open at yesterday’s high with near­by VAH
• Let­ting go of prev. Day hav­ing exceed­ed ADR and a pos­si­ble pull­back might be in play
• Fol­low­ing the price and pro­file show­ing a sus­tained auc­tion even dur­ing the con­sol­i­da­tion period

Bad Points

• Not real­ly a bad point but I could have had an ear­li­er entry due to the same nar­ra­tive. A pos­si­ble ear­ly entry would’ve been from with­in IBR at LTF demand above VAH. Price likes to use near­by LTF SD zones as a poten­tial bounc­ing board for con­tin­u­a­tion moves. 

Next Day Analysis

• Tar­get hit?
  • Yes, 2R
• Time-based Exit?
  • 0.7R
• Over­lap Noise?
  • 0.6R
• End of Day?
  • 3.5R
• High­est R multiple?
  • 3.5R

TAGS: Prev. Day Exceed­ed ADR, Above Val­ue, Out­side Range, Mod­er­ate to Large Imbalance, 

Pre­mar­ket prep on the day: ‌

• Twit­ter
• Insta­gram