20220124 Trade Review Gold

25 Jan 20220124 Trade Review Gold

Play: Late-Sus­tained Auction

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

• Result
  • -1R
• Prod­uct
  • Gold
• Open Sen­ti­ment
  • 0.17xASR Above Val­ue, With­in Range
  • Mod­er­ate Imbalance
• IBR
  • 0.37xASR
• Hypo
  • 2
  • Late-sus­tained auc­tion entry
  • Risky due to trad­ing into D1 QHi so price would need to take out and close above pre­vi­ous day’s high
  • Pos­si­ble entry off re-test of IB high
• Attempt­ed Setup
  • Late-Sus­tained Auc­tion entry
• Entry Tech­nique
  • Re-test of IB high after C TPO close above tak­ing out LTF supply
• SL place­ment
  • Stan­dard SL place­ment (30)
• TPO peri­od for Entry
  • D TPO
• Trade Dura­tion
  • 0h32m
• Long/Short
  • Long
• Lead­ing Narrative
  • Mod­er­ate Imbal­ance with open above val­ue sentiment
  • C TPO clos­ing above IB tak­ing out LTF supply
  • Weak D1 Evening Star with W1 Three Out­side Up pre­ced­ing, poten­tial for new D1 sup­ply to get tak­en out

Actu­al Development

• D TPO closed as a Bear­ish Inside Bar fail­ing the auc­tion and what fol­lowed was a rota­tion through IBR
• A rever­sal fol­lowed by a Failed Auc­tion would have yield­ed 1.7R which was the play I should’ve taken

Good points

• Wait­ing for the trade to devel­op (although not com­plete­ly as list­ed under bad points) before get­ting involved

Bad Points

• C TPO did close above IB tak­ing out LTF sup­ply although it did not hold above yesterday’s high as was my plan
• M15 showed a rever­sal although a weak M15 Evening Star a rever­sal nonetheless
• Trad­ing at H4/D1 QHi

Next Day Analysis

• Tar­get hit?
  • No, ‑1R
• Time-based Exit?
  • -1R
• Over­lap Noise?
  • -1R
• End of Day?
  • -1R
• High­est R multiple?
  • 0.4R

TAGS: Mod­er­ate Imbal­ance, Above Val­ue, With­in Range, Mixed Trend, 

Pre­mar­ket prep on the day: ‌

• Twit­ter
• Insta­gram