20211207 Trade Review DAX

08 Dec 20211207 Trade Review DAX

Play: Sus­tained Auction

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

• Result
  • 2R
• Prod­uct
  • DAX
• Open Sen­ti­ment
  • 1.1xASR Above Val­ue, Out­side Range, Large Imbalance, 
• IBR
  • 0.77xASR
• Hypo
  • 4
  • Sus­tained Auc­tion Long, Pos­si­ble Strength From With­in IBR
• Attempt­ed Setup
  • Sus­tained Auc­tion Long
• Entry Tech­nique
  • Break of IB
• SL place­ment
  • ASR Short (40)
• TPO peri­od for Entry
  • C TPO
• Trade Dura­tion
  • 5h27
• Long/Short
  • Long
• Lead­ing Narrative
  • D1 Three Inside Up at D1 QLo rejec­tion and D1 demand
  • Prev. Day Exceed­ed ADR by 1.03 (right at the bor­der indi­cat­ing pos­si­ble fur­ther momentum)
  • H4 speed­bump and break high­er, price tak­ing out D1 sup­ply in premarket
  • Large Imbal­ance and IBR trad­ing high­er indi­cat­ing fur­ther pos­si­ble momentum
  • Asia extend­ed up, Lon­don Exhaust­ed ADR, pos­si­ble uni­di­rec­tion­al day com­ing from D1 QLo rejection

Actu­al Development

Price showed a sus­tained auc­tion then con­sol­i­dat­ed before con­tin­u­ing the direc­tion dur­ing NY.

Good points

• Under­stand­ing the nar­ra­tive and tak­ing the trade
• Tak­ing the wide IBR as an indi­ca­tion of momen­tum instead of respon­sive activity

Bad Points

• Slight­ly hes­i­tat­ing to get involved
• For­got to take a screen­shot of entry

Next Day Analysis

• Tar­get hit?
  • Yes, 2R
• Time-based Exit?
  • 0.7R
• Over­lap Noise?
  • 0.5R
• End of Day?
  • 3.8R
• High­est R multiple?
  • 4.6R

TAGS: Prev. Day Exceed­ed ADR, Above Val­ue, Out­side Range, Large Imbal­ance, Wide IBR,

Pre­mar­ket prep on the day: ‌

• Twit­ter
• Insta­gram