20211014 Trade Review Gold

14 Oct 20211014 Trade Review Gold

Play: Sus­tained Auction

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

• Result
  • 0.4R
• Prod­uct
  • Gold
• Open Sen­ti­ment
  • 1.33xASR Above Val­ue, Out­side Range, Huge Imbalance
• IBR
  • 0.35xASR
• Hypo
  • 2
• Attempt­ed Setup
  • Sus­tained Auction
• Entry Tech­nique
  • Late-sus­tained auc­tion entry, M15 con­sol­i­da­tion, M30 base after a close above IB
• SL place­ment
  • Slight­ly tighter at 25
• TPO peri­od for Entry
  • E TPO
• Trade Dura­tion
  • Till End of Day
• Long/Short
  • Long
• Lead­ing Narrative
  • Huge imbal­ance. 

Actu­al Development

Price extend­ed high­er reach­ing 1.7R before revers­ing and just trad­ing side­ways. Even into NY there was no direc­tion­al move. This result­ed in a 0.4R prof­it at the end of the day (time-based cut off). 

Good points

• Tak­ing the trade even though a round num­ber was above. Pro­file and price action were show­ing a pos­si­ble sus­tained auc­tion up. 
• Let­ting the trade go on until the end  of day.

Bad Points

• Trad­ing right into D1 sup­ply and round num­ber as well D1 200MA

Next Day Analysis

• Tar­get hit?
  • No, 0.4R
• Time-based Exit?
  • 1.5R
• Over­lap Noise?
  • 0.7R
• End of Day?
  • 0.4R
• High­est R multiple?
  • 1.7R

TAGS: Above Val­ue, Out­side Range, Huge Imbalance

Pre­mar­ket prep on the day: ‌

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