Bear Market Trader | Trade Review
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20220422 Trade Review Gold T2

20220422 Trade Review Gold T2

Late-Sus­tained Auction

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

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  • 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

Click to Enlarge

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 

Click to Enlarge

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: ‌

Dai­ly Report Card:


Day trader. Tech geek. Sim Racing Enthusiast.

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