20210914 Missed Trade Gold - Bear Market Trader
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20210914 Missed Trade Gold

20210914 Missed Trade Gold

Play: Val­ue Accep­tance to Sus­tained Auction

#fin­twit #order­flow #day­trad­ing #trad­in­gre­view #price­ac­tion #chartre­view #Gold #XAUUSD #missed­trade

These are trades I could have tak­en but for some rea­son I did not. This could be due to me not pay­ing atten­tion or sim­ply not feel­ing like trad­ing. This is usu­al­ly the case when I am not in the right state of mind due to lack of sleep, per­son­al issues, etc.

Rea­son for miss­ing the trade (explain the narrative)

There was a pos­si­ble D1 DBD impli­ca­tion through con­sol­i­da­tion below D1 QHi after it got reject­ed. Larg­er time­frame is bear­ish still as well. Price opened on mod­er­ate imbal­ance, 0.20xASR Above Val­ue, Out­side Range. 

I didn’t take the trade as it was trad­ing right into demand and with a stan­dard SL place­ment I could not get a good prof­it tar­get as the oppos­ing demand would have yield­ed only 1R. 

What hypo was it?

Hypo 1

Val­ue Acceptance

Hypo 2

Sus­tained Auc­tion Short, vari­a­tion to Hypo 1 (trad­ing right into demand)

I was spot on here.

Click to Enlarge

What would have been the Entry?

Trade 1

DTTZ: 1st

Entry Method: Entry at val­ue edge after C closed as a Hammer/Pinbar

How was the SL place­ment and sizing?

Trade 1

SL place­ment: Stan­dard size

How was the prof­it target?

Trade 1

Prof­it tar­get: 2R tar­get was reached

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

Trade 1

Exit: 0.9R

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

Trade 1

Exit: 1.3R, 0.9R in over­lap noise, End of day was over­ruled by 2R tar­get being hit.

TAGS: Above Val­ue, Out­side Range, Mod­er­ate Imbal­ance, Trend is UP 2/3,

Extra Obser­va­tions


Pre­mar­ket prep on the day

Dai­ly Report Card on the day


Day trader. Tech geek. Sim Racing Enthusiast.

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