Bear Market Trader | Trade Review
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20210623 Trade Review GOLD

20210623 Trade Review GOLD

Play: Val­ue Rejec­tion Up, sus­tained auc­tion, low ini­tia­tive activity

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

Mar­ket Narrative

D1 Three Out­side Up to Inside Bar with slight­ly longer buy­ing wick pos­si­bly form­ing a RBR. H4 Bull Engulf pos­si­bly form­ing a RBR. Open inside val­ue. C TPO clos­ing above IB and VAH tech­ni­cal­ly reject­ing value. 

Click to Enlarge

How was the Entry?

I thought get­ting an entry at IB edge was good but what would have been bet­ter was an entry at VAH as price had failed to close below it but was test­ing it in a low ini­tia­tive activ­i­ty sus­tained auc­tion day. 

How was the SL place­ment and sizing?

SL could have been slight­ly bet­ter as price was more prone to dip with­in IB before con­tin­u­ing high­er in a slow crawl. Price had not closed with­in M30 demand indi­cat­ing the slow sus­tained auc­tion still being on. 

How was the prof­it target?

Not the best, but if I had a bet­ter entry this would also have been better. 

Click to Enlarge

How was the Exit?

M15 formed a bull­ish inside bar, pos­si­bile con­sol­i­da­tion. Because of this I let it go longer for a lit­ter. I visu­al­ized if M15 demand gets tak­en out I would take the trade off and I did for ‑0.7R. Now, I know that since M30 hadn’t closed with­in its demand I could have let the trade on a lit­tle longer even though it closed as a doji with long sell­ing wick with­in IB. 

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

I would have scratched due to a lousy entry.

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?

Due to near­by sup­ply I could have got­ten a bet­ter entry expect­ing some prob­ing back into IB.



Missed Oppor­tu­ni­ty


TAGS: Trend is DOWN 2/3, Open With­in Value, 

Pre­mar­ket prep on the day

Dai­ly Report Card on the day


Day trader. Tech geek. Sim Racing Enthusiast.

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