20220318 Trade Review DAX

20 Mar 20220318 Trade Review DAX

Play: Strength From With­in IBR

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

• Result
  • -0.7R
• Open Sen­ti­ment
  • Open With­in Value
  • Asia formed a Neu­tral Day but pre­dom­i­nant­ly trad­ed down
• IBR
  • 0.15xASR Tight IBR
• Trend
  • Trend is Down 2/3
  • H4: Up
  • D1: Down
  • W1: Down
• Hypo
  • Hypo 1
  • Long
  • Late-Sus­tained Auc­tion, pos­si­ble Strength From With­in IBR
• Attempt­ed Setup
  • Strength From With­in IBR
• Entry Tech­nique
  • M5 RBR cre­at­ed near IB low after C TPO had extend­ed to the upside
• SL place­ment
  • Risk-Adjust­ed SL at (7000)
• TPO peri­od for Entry
  • C TPO
• Trade Dura­tion
  • 0h20m
• Long/Short
  • Long
• Lead­ing Narrative
  • Pos­si­ble D1 RBR
  • H4 Bull Engulf
  • Exten­sion to the upside

Actu­al Development

• C TPO closed con­fi­dent­ly down near IB Low. Expect­ed an exten­sion to the down­side which would negate my long thesis. 
• Took the trade off when D TPO extend­ed to the down­side form­ing a Neu­tral Day, pos­si­ble 3‑I day for ‑0.7R

Good points

• Try­ing a trade

Bad Points

• H4 Bull Engulf had not closed above the con­sol­i­da­tion range indi­cat­ing a pos­si­ble lack of ini­tia­tive into that direc­tion. Pos­si­ble H4 Phase 3
• FX syn­er­gy did not copy the trade over, but did to the live account. Try­ing to trou­bleshoot with FX Synergy. 

Next Day Analysis

• Tar­get hit?
  • No, ‑0.7R
• Time-based Exit?
  • -1R
• Over­lap Noise?
  • -1R
• End of Day?
  • -1R
• High­est R multiple?
  • 0.5R

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

Pre­mar­ket prep on the day: ‌

Dai­ly Report Card:

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