20220125 Trade Review Gold - Bear Market Trader
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20220125 Trade Review Gold

20220125 Trade Review Gold

Play: Late-Sus­tained Auction

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

Click to Enlarge
  • Result
    • 1.2R
  • Prod­uct
    • Gold
  • Open Sen­ti­ment
    • Open With­in Value
    • Bal­anc­ing Market
  • IBR
    • 0.42xASR
    • Nor­mal IBR
  • Hypo
    • 1
    • Short
    • Late-Sus­tained Auction
  • Attempt­ed Setup
    • Late-Sus­tained Auction
  • Entry Tech­nique
    • Break of IB in C TPO, M15 closed below IB and price re-test­ed IB Low
  • SL place­ment
    • Nor­mal SL (25)
  • TPO peri­od for Entry
    • C TPO
  • Trade Dura­tion
    • 1h14m
  • Long/Short
    • Short
  • Lead­ing Narrative
    • Price trad­ing at D1 QHi and formed a pos­si­ble rever­sal (coin­cid­ing with MN/W1 sup­ply), although fol­lowed by a Bull Engulf that is high in the dis­tri­b­u­tion curve
    • Price extend­ed below dur­ing C TPO com­ing from M30 QHi
    • Even though open with­in val­ue sen­ti­ment, price trad­ed at the top of the range with a mixed trend

Click to Enlarge

Actu­al Development

  • C TPO closed below IB
  • D TPO closed as a Grave­stone Doji (pos­si­ble continuation)
  • E TPO formed a weak DBD not mak­ing a LL
  • F TPO burst low­er hit­ting 1.2R tar­get before revers­ing higher

Good points

  • Tak­ing the trade

Bad Points

  • Not in line with the dom­i­nant direc­tion of the day’s narrative
  • Apart from D1 demand (that is high in dis­tri­b­u­tion curve) there was a H4 demand I was trad­ing right into
  • There was an open with­in val­ue sen­ti­ment and more infor­ma­tion was need­ed as C TPO had not yet closed below IB so I jumped the gun on the trade. Lit­tle FOMO there although I did wait for M15 to close below and wait­ed for a re-test of IB Low.
  • Got lucky here

Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • Yes, 1.2R
  • Time-based Exit?
    • 0.3R
  • Over­lap Noise?
    • 0.2R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 1.3R

TAGS: Open With­in Val­ue, Bal­anc­ing Mar­ket, Mixed Trend, 

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

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