20220124 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,

20220124 Trade Review Gold

20220124 Trade Review Gold

Play: Late-Sus­tained Auction

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

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  • 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

Click to Enlarge 

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

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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

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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: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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