Bear Market Trader | Trade Review
Trade Review, Reviewing Trades, CPT, Consistently Profitable Trader, day trading, swing trading, road to success, road to becoming a CPT,
post-template-default,single,single-post,postid-8853,single-format-standard,vcwb,bridge,ajax_fade,page_not_loaded,,side_area_uncovered_from_content,qode-theme-ver-9.5,hide_inital_sticky,wpb-js-composer js-comp-ver-4.12,vc_responsive

20220301 Trade Review Gold

20220301 Trade Review Gold

Play: Val­ue Rejec­tion / Late-Sus­tained Auction

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

Click to Enlarge
  • Result
    • 0.4R
  • Open Sen­ti­ment
    • Open With­in Value
    • Bal­anc­ing Market
    • Asia formed a Neu­tral Day but trad­ed higher
  • IBR
    • 0.47xASR
  • Trend
    • Trend is up 2/3
    • H4: Down
    • D1: Up
    • W1: up
  • Hypo
    • Hypo 2
    • Long
    • Late-Sus­tained Auction
  • Attempt­ed Setup
    • Late-Sus­tained Auction
  • Entry Tech­nique
    • C TPO clos­ing above IB and VAH (after open inside) tech­ni­cal­ly reject­ing value
    • D TPO pulled back to IB High
    • Mar­ket order on pullback
  • SL place­ment
    • Stan­dard SL (500)
  • TPO peri­od for Entry
    • D TPO
  • Trade Dura­tion
    • 0h12m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • Trend is UP 2/3
    • Rus­sia conflict
    • C TPO clos­ing con­fi­dent­ly above IB and VAH reject­ing value
    • Inverse cor­re­la­tion with DAX hav­ing a sus­tained auc­tion down

Click to Enlarge

Actu­al Development

  • D TPO closed above IB and VAH as a Neu­tral Inside Bar. Evne though dur­ing D TPO there was a weak-ish M15 Bear Engulf, it did not fail the auc­tion and what fol­lowed was a some­what medi­um auc­tion crawl higher
  • E TPO com­plet­ed a RBR again with a Marubozu candle
  • F closed high­er to 1.8R before mak­ing a slight HH in G and pulling back almost tak­ing out SL lev­el but then pro­ceed­ed to trade higher

Click to Enlarge

Good points

  • Wait­ing for the set­up to devel­op and then tak­ing the trade

Bad Points

  • Not adher­ing to my exit rules. Fear of los­ing profits. 
  • I start­ed to think about it being unusu­al for a val­ue rejec­tion around these lev­els (D1 D1/MN QHi) and I have seen price form a Marubozu can­dle to then just reverse. 
  • Nonethe­less, tak­ing a ‑1R is not the end of the world. Either take the stop or take the tar­get. I have shown I can do this and over time I make great trades and have great results. Let the stats take over and let the trade do its thing. Regard­less win or lose. 

Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • No, 0.4R
  • Time-based Exit?
    • 0.8R
  • Over­lap Noise?
    • 1.2R
  • End of Day?
    • 6R
  • High­est R multiple?
    • 6R

TAGS: Trend is UP 2/3, Open With­in Val­ue, Bal­anc­ing Market, 

Pre­mar­ket prep on the day: ‌


Day trader. Tech geek. Sim Racing Enthusiast.

No Comments

Post A Comment

The maximum upload file size: 128 MB. You can upload: image, audio, video, document, spreadsheet, interactive, text, archive, code, other. Links to YouTube, Facebook, Twitter and other services inserted in the comment text will be automatically embedded. Drop files here