20220422 Trade Review Gold T1

Val­ue Acceptance 

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

• Result
  • 1R
• Open Sen­ti­ment
  • 0.32xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia trad­ed side­ways form­ing a Neu­tral Day
• IBR
  • 0.26xASR Tight IBR
• Trend
  • Trend is UP 2/3
  • H4: Down
  • D1: Up
  • W1: Up
• Hypo
  • 2
  • Short
  • Val­ue Acceptance
• Attempt­ed Setup
  • Val­ue Acceptance
• Entry Tech­nique
  • Accep­tance of val­ue through C TPO clos­ing with­in value
• SL place­ment
  • Stan­dard SL (4500)
• TPO peri­od for Entry
  • D TPO
• Trade Dura­tion
  • 0h31m
• Long/Short
  • Short
• Lead­ing Narrative
  • D1 QHi rejec­tion, pos­si­ble D1 Phase 4
  • D1 Con­sol­i­da­tion
  • H4 Phase 1 / 3
  • Price trad­ing at H4 VWAP in DT pos­si­ble TC
  • C TPO accept­ing val­ue as per Hypo 1

Actu­al Development

• D closed deep­er with­in value
• E TPO came close to 1.2R, took 1R

Good points

• Under­stand­ing the nar­ra­tive and tak­ing the trade. Even though price was removed from IB I ini­tial­ly want­ed to wait for a pull­back. I saw that my SL would be with­in IB and a pull­back that far would negate the the­sis anyway.

Bad Points

• Tak­ing the trade off before tar­get, prob­a­bly to com­pen­sate for the 1R loss on DAX
• Trade would’ve gone much fur­ther to 3+R

Next Day Analysis

• Tar­get hit?
  • No, 1R
• Time-based Exit?
  • 2R
• Over­lap Noise?
  • 2.2R
• End of Day?
  • 2.8R
• High­est R multiple?
  • 4R

TAGS: Tight IBR, Above Val­ue, Out­side Range, Mod­er­ate to Large Imbalance, 

Pre­mar­ket prep on the day: ‌

20220422 Pre­mar­ket Prep Gold

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Dai­ly Report Card:

How did I trade today? 20220422

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