20211123 Trade Review DAX

24 Nov 20211123 Trade Review DAX

Play: Weak­ness From With­in IBR

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

• Result
  • 2R
• Prod­uct
  • DAX
• Open Sen­ti­ment
  • 1.57xASR Below Val­ue, Out­side Range, Huge Imbalance
  • Prev. Day Exceed­ed ADR by 1.53
• IBR
  • 1.56xASR
• Hypo
  • 1
  • Weak­ness From With­in IBR
• Attempt­ed Setup
  • Weak­ness From With­in IBR
• Entry Tech­nique
  • M5 price fal­ter­ing at M5 QHi with­in IBR
• SL place­ment
  • Stan­dard SL (20)
• TPO peri­od for Entry
  • F TPO
• Trade Dura­tion
  • 0h39m
• Long/Short
  • Short
• Lead­ing Narrative
  • Wide IBR
  • D1 Phase 4
  • Price fal­ter­ing at M5 QHi, M30 VWAP and LTF supply
  • 2nd DTTZ, pos­si­ble pullback

Actu­al Development

F closed as an Inside Bar and G fol­lowed through hit­ting 2R. After which it closed with a longer buy­ing wick and con­tin­ued the Failed Auc­tion higher. 

Good points

• React­ing quick­ly and tak­ing an oppor­tunis­tic trade

Bad Points

• Uni­di­rec­tion­al day impli­ca­tions hard­er to tell due to DAX most­ly trad­ing dur­ing Lon­don so the premise for the huge imbal­ance and weak­ness from with­in IBR wasn’t as valid.

Next Day Analysis

• Tar­get hit?
  • yes , 2R
• Time-based Exit?
  • -1R
• Over­lap Noise?
  • -1R
• End of Day?
  • -1R
• High­est R multiple?
  • -1R

TAGS: Below Val­ue, Out­side Range, Huge Imbal­ance, Prev. Day Exceed­ed ADR, Trend is UP 2/3, 

Pre­mar­ket prep on the day: ‌

• Twit­ter
• Insta­gram