20211014 Trade Review Gold - Bear Market Trader
Trade Review, Reviewing Trades, CPT, Consistently Profitable Trader, day trading, swing trading, road to success, road to becoming a CPT,
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20211014 Trade Review Gold

20211014 Trade Review Gold

Play: Sus­tained Auction

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

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  • 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: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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