20211013 Trade Review DAX - Bear Market Trader
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20211013 Trade Review DAX

20211013 Trade Review DAX

Play: Auc­tion Fade

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

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  • Result
    • -1R
  • Prod­uct
    • DAX
  • Open Sen­ti­ment
    • With­in Value
  • IBR
    • 0.62xASR
  • Hypo
    • 3
  • Attempt­ed Setup
    • Auc­tion Fade
  • Entry Tech­nique
    • M15 con­sol­i­da­tion clos­ing with­in Demand
  • SL place­ment
    • Stan­dard size
  • TPO peri­od for Entry
    • G
  • Trade Dura­tion
    • 3.5 hours
  • Long/Short
    • Short
  • Lead­ing Narrative
    • There was a sus­tained auc­tion that left behind a sin­gle print in C TPO. After which price slowed down and start­ed build­ing struc­ture. This way I gath­ered a pos­si­ble auc­tion fade could be in the cards.There was also a near­by D1 Sup­ply as wel as D1 VWAP in DT.

Click to Enlarge

Actu­al Development

Price slow­ly grind­ed clos­ing high­er. In the over­lap noise there was a quick burst down fol­lowed by an equal­ly quick burst clos­ing high­er tak­ing out my SL.

Price went down test­ing Struc­ture Low (as I have observed many times and I con­sid­ered tak­ing the trade off but am not allowed) before con­tin­u­ing its move high­er. This hap­pens often in a sus­tained auction.

Good points

  • Tak­ing an albeit risky trade. Some­times they work. Some­times they don’t. 

Bad Points

  • Feel­ing like I should be tak­ing a trade. I shouldn’t care what oth­er peo­ple ‘might’ think. If I missed the oppor­tu­ni­ty due to not being at my desk. I should wait for a good oppor­tu­ni­ty oth­er­wise no trade. I think I did that but I could’ve done bet­ter. Which brings me to:
  • No strong price action to war­rant the rever­sal for an Auc­tion Fade
  • Price had extend­ed quite a bit leav­ing sin­gle prints in C indi­cat­ing strength behind the move and thus mak­ing an auc­tion fade less likely. 

Next Day Analysis

  • Tar­get hit?
    • No, ‑1R
  • Time-based Exit?
    • -0.2R
  • Over­lap Noise?
    • -0.3R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 0.6R

TAGS: Open With­in Val­ue, Mixed Trend, 

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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