Bear Market Trader | Trade Review
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20210614 Trade Review GOLD NY

20210614 Trade Review GOLD NY

Play: Mean Rever­sion to Auc­tion Fade

#fin­twit #order­flow #day­trad­ing #trad­in­gre­view #price­ac­tion #chartre­view #GOLD #XAUUSD

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Mar­ket Narrative

Price made a mean rever­sion move due to the open sen­ti­ment and hit­ting H4 200MA pre-PNYC. With PNYC rever­sal com­ing up and price fal­ter­ing on LTF the sen­ti­ment is for a pos­si­ble Auc­tion Fade. Due to a pos­si­ble D1 Phase 4, the H4 Bull Engulf can be some­what negated.

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How was the Entry?

Entry could have been bet­ter. I could have wait­ed for more of a pull­back. Even bet­ter so would have been an entry based on E TPO clos­ing as an Inside Bar with long sell­ing wick com­bined with M5/M15 fal­ter­ing PA to get a bet­ter entry. Then mon­i­tor for a pos­si­ble Sin­gle Print Fade. 

I wait­ed for a Sin­gle Print Fade before enter­ing and didn’t even see it and just went in on the Three Out­side Down.

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How was the SL place­ment and sizing?

This was okay expect­ing a move fur­ther down and a retrace­ment would have inval­i­dat­ed my trade idea.

How was the prof­it target?

2.8R at IB edge

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How was the Exit?

Time-based as there was no Sin­gle Print Fade I cut it off. Scratched at ‑0.1R.

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

Time-based over­ruled

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


What did I do well?

I did well to take the trade

What could I have done better?

I could have got­ten a bet­ter entry as out­lined above.


Using Sin­gle Print Fade as a con­tin­u­a­tion tool

Missed Oppor­tu­ni­ty


TAGS: Pos­si­ble D1 Phase 4, Trend is UP 2/3, Huge Imbal­ance, Below Val­ue, Out­side Range, Poten­tial Sin­gle Print Fade

Pre­mar­ket prep on the day

Dai­ly Report Card on the day


Day trader. Tech geek. Sim Racing Enthusiast.

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