20210928 Trade Review Gold - Bear Market Trader
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20210928 Trade Review Gold

20210928 Trade Review Gold

Play: Val­ue Edge Rever­sal / Failed Auc­tion Hybrid

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

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  • Result
    • 2R
  • Prod­uct
    • Gold
  • Open Sen­ti­ment
    • Open 0.27xASR Below Val­ue, Out­side Range, Mod­er­ate to Large Imbalance,
  • IBR
    • 0.53xASR
  • Hypo
    • 1
    • Return to Val­ue, Failed Auc­tion Short
  • Attempt­ed Setup
    • Failed Auc­tion / Val­ue Edge Hybrid. I believe this is a Val­ue edge rever­sal using the auc­tion process as a con­firm­ing fac­tor as price hadn’t extend­ed much in C TPO mak­ing it not the best Failed Auc­tion setup.
  • Entry Tech­nique
    • M15 fal­ter­ing below new­ly formed sup­ply after M30 had formed a Bear Engulf, M15 Evening Star for entry. 
  • SL place­ment
    • 30 pip SL. Tighter than allowed 42 pips stan­dard SL due to scal­ing to accom­mo­date a 2R tar­get at IB low as well as SL place­ment being above IB.
  • TPO peri­od for Entry
    • F TPO
  • Trade Dura­tion
    • 1h15m
  • Long/Short
    • Short
  • Lead­ing Narrative
    • Larg­er time­frame Bear­ish Sen­ti­ment. Price had tak­en out new­ly formed demand. Price opened below val­ue, out­side range although not far so on mod­er­ate to large imbal­ance. Bear Engulf was formed after a slight exten­sion above IB then failed to close above IB and price start­ed faltering. 

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Actu­al Development

Price con­tin­ued and closed down form­ing a M30 Three Inside Down. This was fol­lowed by an Inside Bar pos­si­bly sig­ni­fy­ing a con­tin­ued move through DBD. This even­tu­al­ly came and hit 2R target.

Good points

  • That I under­stood the nar­ra­tive and exe­cut­ed based on it
  • That I didn’t let the weak sell­ing tail both­er me and under­wood it was more of a val­ue edge rever­sal with the failed auc­tion as a enhanc­ing factor. 

Bad Points

  • I could have includ­ed a val­ue edge rever­sal in my hypo
  • I could’ve includ­ed a sus­tained auc­tion as hypo 4 — the rea­son I didn’t do is because at the time of writ­ing price had already extend­ed slight­ly above IB). If that wasn’t the case a sus­tained auc­tion would’ve been valid to include. 

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Next Day Analysis

  • Tar­get hit?
    • Yes, 2R
  • Time-based Exit?
    • 2.9R
  • Over­lap Noise?
    • 3.1R
  • End of Day?
    • 3R
  • High­est R multiple?
    • 4.8R

TAGS: Below Val­ue, Out­side Range, Mod­er­ate to Large Imbalance, 

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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