20210819 Trade Review DAX - Bear Market Trader
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20210819 Trade Review DAX

20210819 Trade Review DAX

Play: Auc­tion Fade

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

Mar­ket Narrative

Price had sus­tained auc­tion as per Hypo 1 then come 2nd DTTZ there was a rever­sal indi­cat­ing a poten­tial Auc­tion Fade. 

Price had opened 1.25xASR Below Val­ue, Out­side Range, Large Imbal­ance, so a mean rever­sion would be favored. As well as upwards bias in Equities. 

Click to Enlarge

What hypo was it?

Hypo 2

Mean Rever­sion, Auc­tion Fade Long, vari­a­tion to Hypo 1,

How was the Entry?

Entry was off the M15 Three Out­side Up. Then I wait­ed to see what M5 was doing and it start­ed con­sol­i­dat­ing. The expectan­cy was if there was no break low­er from LTF sup­ply that there would be a con­tin­u­a­tion to the M15 for­ma­tion as it is more a momen­tum for­ma­tion ie a pull­back to new­ly formed demand would be an exit signal. 

I then mon­i­tored for a Sin­gle Print Fade of C TPO to con­firm the direction.

How was the SL place­ment and sizing?

Using the M5 con­sol­i­da­tion I was able to use a stan­dard siz­ing. The mar­ket con­di­tions did not allow for a tighter SL place­ment. This was the best I could do. 

How was the prof­it target?

1.5R at IB low

Click to Enlarge

How was the Exit?

WHen price came close to IB low I took 1R. There were 2 sin­gle prints left to IB low. Although I used altered TPO siz­ing so this could have gone a bit longer actu­al­ly as was shown alter on. Price actu­al­ly hit the low tak­ing 1.5R.

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


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

1.5R due to price action over­rul­ing this one oth­er­wise a stop out at ‑1R

What did I do well?

I did well to under­stand the nar­ra­tive and take the set­up. It is a bit tricky to get in on a M5 con­sol­i­da­tion at a sup­ply level. 

What could I have done better?

I could have wait­ed for IB low to actu­al­ly get hit before tak­ing profits.



Missed Oppor­tu­ni­ty


TAGS: Below Val­ue, Out­side Range, Large Imbal­ance, Trend is UP 2/3,

Pre­mar­ket prep on the day

Dai­ly Report Card on the day


Day trader. Tech geek. Sim Racing Enthusiast.

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