20220422 Trade Review Gold T2

22 Apr 20220422 Trade Review Gold T2

Late-Sus­tained Auction

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

• Result
  • 1.5R
• 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
  • 3
  • Short
  • Late-Sus­tained Auction
• Attempt­ed Setup
  • Late-Sus­tained Auction
• Entry Tech­nique
  • M5/M15 con­sol­i­da­tion
• SL place­ment
  • Tight SL (200)
• TPO peri­od for Entry
  • F TPO
• Trade Dura­tion
  • 0h42m
• Long/Short
  • Short
• Lead­ing Narrative
  • Same as T1
  • Pos­si­ble D1 Phase 4
  • H4 Phase 1 / 3, price trad­ing at H4 VWAP in DT
  • Devel­op­ing H4 break down to take out demand
  • Val­ue accep­tance for direc­tion­al cue

Actu­al Development

• F closed as a con­sol­i­da­tion with long buy­ing wick
• G TPO final­ly broke down and I took 1.5R. Had my tar­get at 2.5R just below ADR exhaus­tion and above H4 QLo but took prof­its pre­ma­ture­ly. If only I had been busy cook­ing a bit longer in the kitchen.. Ah well… 

Good points

• Get­ting in short on a 2nd trade on the same thesis
• Hav­ing a tight SL based on M5 entry
• Tak­ing more prof­its than what I have been doing lately

Bad Points

• Took the trade off moments before it burst­ed to 6R and thus would’ve hit 2.5R as I hypoth­e­sized due to a poten­tial take out of H4 demand. Which did hap­pen. Glass ball? Per­haps not. Oth­er­wise I would’ve tak­en the 6R 🙂
• Small thing: took screen­shot of the wrong screen 

Next Day Analysis

• Tar­get hit?
  • No, 1.5R, aimed for 2.5R

• Time-based Exit?
  • 3.1R
• Over­lap Noise?
  • 3.2R
• End of Day?
  • -1R
• High­est R multiple?
  • 6.5R

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

Pre­mar­ket prep on the day: ‌

20220422 Pre­mar­ket Prep Gold

Dai­ly Report Card:

How did I trade today? 20220422

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