20211109 Trade Review Gold - Bear Market Trader
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20211109 Trade Review Gold

20211109 Trade Review Gold

Play: Failed Auction

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

Click to Enlarge
  • Result
    • -1R
  • Prod­uct
    • Gold
  • Open Sen­ti­ment
    • 0.12xASR Above Val­ue, With­in Range, Mod­er­ate Imbalance,
  • IBR
    • 0.41xASR
  • Hypo
    • 1
    • Failed Auc­tion Short
  • Attempt­ed Setup
    • Failed Auc­tion
  • Entry Tech­nique
    • M15 Bear Engulf dur­ing 2nd DTTZ
  • SL place­ment
    • Tighter stop above for­ma­tion 25 pips to also fit 2R tar­get at IB low
  • TPO peri­od for Entry
    • F TPO
  • Trade Dura­tion
    • 0h56m
  • Long/Short
    • Short
  • Lead­ing Narrative
    • Near­by D1 Supply
    • Longer sell­ing wicks
    • 2nd DTTZ
    • Biased think­ing DAX is going up and Gold could go down

Click to Enlarge

Actu­al Development

Even though F closed down it closed less than con­fi­dent. G closed high­er and H took out my stop before clos­ing low­er. Even an entry short off that would not have been good as price kept trad­ing higher.

Good points

  • Tak­ing a chance
  • 3rd loss in a row but still ALIVE! Now let’s let the mag­ic of prof­it fac­tor make up for these losses.

Bad Points

  • Pro­file showed price was mak­ing HHs so at the time the high­er like­li­hood was for a sus­tained auction
  • Got biased
  • Uptrend 3/3 and open sentiment
  • Prev. day clos­ing near its high
  • Should’ve includ­ed VAH Rever­sal in prep

Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • No, ‑1R
  • Time-based Exit?
    • -1R
  • Over­lap Noise?
    • -1R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 0.3R

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

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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