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20220427 Trade Review Gold T1

20220427 Trade Review Gold T1

Late-Sus­tained Auction

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

Click to Enlarge
  • Result
    • 1.1R
  • Open Sen­ti­ment
    • 0.08xASR Below Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia extend­ed and trad­ed lower
    • Con­sol­i­da­tion at IB Low, A accept­ed val­ue but B took it down
  • IBR
    • 0.37xASR IBR
  • Trend
    • Trend is Down 2/3
    • H4: Down
    • D1: Down
    • W1: Up
  • Hypo
    • 2
    • Short
    • Sus­tained Auc­tion, Late-Sus­tained Auction
  • Attempt­ed Setup
    • Late-Sus­tained Auction
  • Entry Tech­nique
    • C burst below IB tak­ing out W1/D1 demand
    • Price pulled back to yesterday’s low (coin­cid­ing with devel­op­ing H4 DBD / D1 DBD) and I went short
  • SL place­ment
    • Stan­dard SL (4900)
  • TPO peri­od for Entry
    • C TPO
  • Trade Dura­tion
    • 0h18m
  • Long/Short
    • Short
  • Lead­ing Narrative
    • Open sen­ti­ment
    • C tak­ing out W1/D1 demand burst­ing below IB then pulling back to yesterday’s low coin­cid­ing with devel­op­ing H4/D1 supply

Actu­al Development

  • C closed below IB but with long sell­ing wick (pos­si­ble push­back from demand get­ting tak­en out)
  • D closed low­er hit­ting tar­get although I took it man­u­al­ly at 1.1R

Good points

  • Under­stand­ing the narrative
  • Tak­ing the trade even though I was still mess­ing with upload­ing my pre­mar­ket prep

Bad Points

  • Got lucky here and in hind­sight it wasn’t the best trade as I caught the bot­tom and price reversed higher
  • It went kin­da quick and I for­got to take a screen­shot as I was busy with oth­er things

Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • No, 1.1R
  • Time-based Exit?
    • -0.5R
  • Over­lap Noise?
    • -1R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 1.1R

TAGS: Below Val­ue, With­in Range, Mod­er­ate Imbal­ance, Trend is Down 2/3, 

Pre­mar­ket prep on the day: ‌

Dai­ly Report Card:


Day trader. Tech geek. Sim Racing Enthusiast.

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