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-9403,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

20220420 Trade Review Gold T2

20220420 Trade Review Gold T2

Play: Rever­sal

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

Click to Enlarge
  • Result
    • 0.7R
  • Open Sen­ti­ment
    • 2.06 ASR Below Val­ue, Out­side Range
    • Huge Imbal­ance
    • Asia Trad­ed down
  • IBR
    • 0.25xASR Tight IBR
  • Trend
    • Trend is Up 2/3
    • H4: Down
    • D1: Up
    • W1: Up
  • Hypo
    • 4
    • Long
    • Failed Auc­tion, risky tight IBR
  • Attempt­ed Setup
    • Rever­sal
  • Entry Tech­nique
    • D TPO closed as a Bull Engulf, coin­cid­ing with a M30 VWAP in DT BO
  • SL place­ment
    • Aver­age SL (3500)
  • TPO peri­od for Entry
    • E TPO
  • Trade Dura­tion
    • 0h33m
  • Long/Short
    • Long
  • Lead­ing Narrative
    • Prev. Day Exceed­ed ADR
    • Trend is UP 2/3
    • Yesterday’s low near­by, price action rejec­tion, M30 VWAP in DT BO

Click to Enlarge

Actu­al Development

  • E closed high­er, F made a HH hit­ting H1 Sup­ply coin­cid­ing with H1 VWAP and I took prof­its at 0.7R
  • Price con­tin­ued high­er and even­tu­al­ly formed a H4 Bull Engulf.
  • Trade would’ve gone to over 2R

Good points

  • Not being both­ered by get­ting stopped out on the short and revers­ing to go long after D TPO closed as a Bull Engulf

Bad Points

  • Tak­ing prof­its too soon — I thought a sus­tained auc­tion wasn’t prob­a­ble due to the Neu­tral Day implication

Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • No, 0.7R
  • Time-based Exit?
    • 1.7R
  • Over­lap Noise?
    • 1.9R
  • End of Day?
    • 3.1R
  • High­est R multiple?
    • 3.1R

TAGS: Below Val­ue, Out­side Range, Huge Imbal­ance, Prev. Day Exceed­ed ADR, Trend is UP 2/3, Tight IB,

Pre­mar­ket prep on the day: ‌

Dai­ly Report Card:


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