Bear Market Trader | Trade Review
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20220414 Trade Review Gold T2

20220414 Trade Review Gold T2

Play: Auc­tion Fade to Failed Auction

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

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  • Result
    • 1.2
  • Open Sen­ti­ment
    • Open With­in Value
    • Asia formed a Neu­tral Day but pre­dom­i­nant­ly trad­ed lowe
  • IBR
    • 0.43xASR IBR
  • Trend
    • Strong UT
    • H4: Up
    • D1: Up
    • W1: Up
  • Hypo
    • 4
    • Long
    • Auc­tion Fade
  • Attempt­ed Setup
    • Auc­tion Fade to Failed Auction
  • Entry Tech­nique
    • M5 Phase tran­si­tion to Phase 2, M15 Bull Engulf break­ing out
  • SL place­ment
    • Tight SL (300)
  • TPO peri­od for Entry
    • H TPO
  • Trade Dura­tion
    • 0h6m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • D1 Phase 2
    • Strong UT
    • LTF Phase 1 and break out after a sus­tained auc­tion start­ed fal­ter­ing from val­ue rejection

Click to Enlarge

Actu­al Development

  • Price quick­ly hit tar­get 1.2R

Good points

  • I was short but then cut that trade for ‑0.8R loss and imme­di­ate reversed
  • Using tight SL place­ment just below LTF for­ma­tion slight­ly cut­ting through wick though

Bad Points

  • Price went high­er and even hit 3R
  • Did not plot H4 demand even though OLD I should’ve plot­ted it on my chart

Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • Yes, 1.2R
  • Time-based Exit?
    • 1.2R
  • Over­lap Noise?
    • 1.6R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 3R

TAGS: Open With­in Val­ue, Trend is UP 3/3, Hypo 4 at 2nd DTTZ, 

Pre­mar­ket prep on the day: ‌

Dai­ly Report Card:


Day trader. Tech geek. Sim Racing Enthusiast.

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