20210824 Trade Review DAX - Bear Market Trader
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20210824 Trade Review DAX

20210824 Trade Review DAX

Play: Return to Val­ue, Reversal

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

Mar­ket Narrative

Pre­ced­ing day had formed a D1 RBR mov­ing high­er from Demand. There was a 2nd arrival at H4 QHi but due to the larg­er time­frame bull­ish nar­ra­tive the sen­ti­ment was for H4 QHi not to hold.

0.54xASR open Above val­ue, with­in range indi­cat­ing mod­er­ate imbal­ance. LTF demand above VAH was cause for a pos­si­ble bounce.

Click to Enlarge

What hypo was it?

Hypo 1

Return to Val­ue, Rever­sal with­in IBR at LTF demand oth­er­wise a Failed Auc­tion Long

This was well hypothesized. 

How was the Entry?

Entry was off a M30 Bull Engulf in C wait­ing for a break of IB hope­ful­ly in D. This nev­er came however. 

How was the SL place­ment and sizing?

Stan­dard SL size just below IB. This was okay. 

How was the prof­it target?

This was okay if price had start­ed tak­ing out H4 demand. 

Click to Enlarge

How was the Exit?

Exit was good. I wait­ed over 2 hours. Even when LTF PA showed a pos­si­ble rever­sal against my trade I stuck with it going through OODA loops. I under­stood H1 was con­sol­i­dat­ing and M30 Demand had not yet been tak­en out thus the M30 Three Out­side Down was to ne negat­ed. Glad­ly so as I took 0.3R when I saw M5 fal­ter­ing to make a new HH to break above the H1 con­sol­i­da­tion. This was okay. 

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


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

0.2R, 0.3R in Over­lap Noise 1st cut off. After­wards price moved low­er and test­ed IB Low again. 

What did I do well?

I did well to take the trade and then stick with the trade until price had shown me the trade idea was invalidated. 

What could I have done better?

I think I did well here. 


M30 is the best guide in most cas­es but it is the over­all nar­ra­tive that unfolds through OODA loops that gives a clear­er picture. 

Missed Oppor­tu­ni­ty


TAGS: Above Val­ue, With­in Range, Trend is up 2/3, mod­er­ate imbalance, 

Pre­mar­ket prep on the day

Dai­ly Report Card on the day


Day trader. Tech geek. Sim Racing Enthusiast.

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