20210719 Trade Review DAX - Bear Market Trader
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20210719 Trade Review DAX

20210719 Trade Review DAX

Play: Auc­tion Fade, 2nd DTTZ Pullback

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

Mar­ket Narrative

D1/H4 Phase 4, Trend is UP 2/3, and there was a large imbal­ance at the open which could favor a mean rever­sion. Instead due to the phase 4 there was a con­tin­u­a­tion to the move down. Dur­ing 2nd DTTZ price often times give a pull­back before con­tin­u­ing in the ini­tial direc­tion. This pull­back is usu­al­ly over with­in 1 TPO peri­od. So have to be quick in and out. 

Click to Enlarge

How was the Entry?

Entry was good off of a pull­back to new­ly formed M15 c‑dem from the Bull Engulf. 

How was the SL place­ment and sizing?

SL place­ment was good right below the formation. 

How was the prof­it target?

If there was a con­tin­u­a­tion to the (Auc­tion Fade) move a test of IB low would have been about 2R.

Click to Enlarge

How was the Exit?

Usu­al­ly there is a bolt of momen­tum com­ing in push­ing price high­er ‘fak­ing’ a rever­sal. When price failed to make a HH I took a 0.4R prof­it. This was okay as this move should hap­pen in mat­ter of minutes. 

What would a price action-based exit have done for the trade?

If I had wait­ed for the close of F TPO I would have also made 0.4R.

What would a time-based exit have done for the trade?

N.A. obvi­ous­ly would have got­ten stopped out at ‑1R

What did I do well?

I did well to try out an oppor­tu­ni­ty based off an obser­va­tion I have noticed in DAX. 

What could I have done better?

I think I did well.


Often times in a sus­tained auc­tion in DAX, there can be a pull­back in the 2nd DTTZ. This pull­back, if you can catch it, can be a very quick 2–3R. I will keep for­ward-test­ing this when­ev­er I see them. 

Missed Oppor­tu­ni­ty

TAGS: 2nd DTTZ Pull­back, D1 Phase 4, H4 Phase 4, Below Val­ue, Out­side Range, Large Imbal­ance, ADR exhaus­tion, D1 demand popped, 

Pre­mar­ket prep on the day

Dai­ly Report Card on the day


Day trader. Tech geek. Sim Racing Enthusiast.

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