20220110 Trade Review Gold - Bear Market Trader
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20220110 Trade Review Gold

20220110 Trade Review Gold

Play: Sus­tained Auction

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

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  • Result
    • 1.2R
  • Prod­uct
    • DAX
  • Open Sen­ti­ment
    • 0.04xASR Above Value,Within Range, Mod­er­ate Imbalance
  • IBR
    • 0.34xASR
  • Hypo
    • 1
    • VAH Rever­sal Long, pos­si­ble sus­tained auc­tion long, pos­si­ble Failed Auc­tion Long
  • Attempt­ed Setup
    • Sus­tained Auction
  • Entry Tech­nique
    • Late-Sus­tained Auc­tion entry: C TPO clos­ing above val­ue, D TPO pulling back and test­ing IB High for entry
  • SL place­ment
    • Aver­age SL 25 pips
  • TPO peri­od for Entry
    • C TPO
  • Trade Dura­tion
    • 0h45m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • D1 Inside Bar with long buy­ing wick react­ing off D1 QLo,m pos­si­bil­i­ty for a D1 Three Inside Up
    • Pos­si­ble H4 Phase 1, expec­ta­tion is for tran­si­tion to phase 2
    • Open sen­ti­ment above val­ue, with­in range, mod­er­ate imbalance
    • C TPO extend­ing above IB and clos­ing above IB as well as the struc­ture made dur­ing Asia and the pre­vi­ous day although not tak­ing out yesterday’s high
    • Not much of a sell­ing tail on the pro­file and D TPO pulled back to IB high before con­tin­u­ing the sus­tained auc­tion long

Click to Enlarge

Actu­al Development

  • D TPO closed as a M30 Bear­ish Inside Bar although not fail­ing auc­tion (pos­si­ble reac­tion due to over­head supply)
  • E TPO formed a RBR hit­ting 1.2R target
  • G TPO hit 2R target

Click to Enlarge

Good points

  • Tak­ing the trade
  • Wait­ing for a con­firmed sus­tained auc­tion due to trad­ing right into sup­ply with price clos­ing above pre­vi­ous structure
  • Wait­ing for a pull­back to IB high before entering

Bad Points

  • It seems that 2R tar­gets are still pos­si­ble in cur­rent con­di­tions even though it’s Jan­u­ary. I might have to adjust my expec­ta­tions in terms of prof­it tar­get. I had already increased it from 1 to 1.2R. I’ll give this some more thought.

Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • Yes, 1.2R
  • Time-based Exit?
    • 1.3R
  • Over­lap Noise?
    • 0.6R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 2.1R

TAGS: Above Val­ue, With­in Range, Mod­er­ate Imbal­ance, Trend is DOWN 2/3,

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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