20211025 Trade Review Gold - Bear Market Trader
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20211025 Trade Review Gold

20211025 Trade Review Gold

Play: Sus­tained Auction

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

Click to Enlarge
  • Result
    • 2R
  • Prod­uct
    • Gold
  • Open Sen­ti­ment
    • 0.18xASR Above Val­ue, With­in Range, Mod­er­ate Imbalance,
  • IBR
    • 0.29xASR
  • Hypo
    • 1
  • Attempt­ed Setup
    • Sus­tained Auction
  • Entry Tech­nique
    • Buy Stop Order above IB high
  • SL place­ment
    • Stan­dard size (35)
  • TPO peri­od for Entry
    • C TPO
  • Trade Dura­tion
    • 5h48m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • Strong uptrend 3/3
    • D1 clos­ing higher
    • No fol­low-through on H4 Bear­ish Inside Bar
    • Above Val­ue, With­in Range, mod­er­ate imbal­ance sentiment

Click to Enlarge

Actu­al Development

  • C TPO extend­ed above IB and trig­gered the buy stop order and pro­ceed­ed clos­ing above
  • D TPO extend­ed fur­ther and closed high­er. E TPO formed a Poor High before revers­ing and clos­ing with­in IBR tech­ni­cal­ly fail­ing the auc­tion. With a tight IBR it has less significance. 
  • Not much con­tin­u­a­tion to the FA and price final­ly reversed in H
  • Over­lap noise took price high­er, then NY con­tin­ued hit­ting 2R tar­get short­ly after NY IB

Good points

  • Under­stand­ing the narrative
  • Trad­ing into the D1 sell­ing wick as well as price trad­ing at D1 200MA based on open sen­ti­ment and strong uptrend
  • Let­ting the trade go and do its thing even though the Failed Auction
  • Visu­al­iz­ing what I would want to see on H4 at the end of LN trad­ing window

Bad Points

  • I think I did well here but am open to feedback

Next Day Analysis

  • Tar­get hit?
    • Yes, 2R
  • Time-based Exit?
    • -0.2R
  • Over­lap Noise?
    • 0.5R
  • End of Day?
    • 1.9R
  • High­est R multiple?
    • 2.8R

TAGS: Above Val­ue, With­in Range, Mod­er­ate Imbal­ance, Buy Stop Order, Trend is UP 3/3,

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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