20220427 Trade Review Gold T1

Late-Sus­tained Auction

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

• 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

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: ‌

20220427 Pre­mar­ket Prep Gold

See more

Dai­ly Report Card:

How did I trade today? 20220427

See more

• Twit­ter
• Insta­gram