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20220427 Trade Review Gold T2

20220427 Trade Review Gold T2

Late-Sus­tained Auc­tion (from with­in IBR)

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

Click to Enlarge
  • Result
    • 0.6R
  • 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
    • M5 con­sol­i­da­tion at devel­op­ing H4 DBD sup­ply coin­cid­ing with M30 VWAP and M30 Sup­ply with­in IBR
  • SL place­ment
    • Stan­dard SL (4900)
  • TPO peri­od for Entry
    • F TPO
  • Trade Dura­tion
  • 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
    • Trend is Down 2/3 

Click to Enlarge

Actu­al Development

  • F closed below IB after test­ing IB although it closed as a weak Three Inside Up and when M5 start­ed con­sol­i­dat­ing I took off the trade for 0.6R

Good points

  • Under­stand­ing the oppor­tunis­tic nature of the trade

Bad Points

  • Not in line with the over­all nar­ra­tive for the ses­sion as price con­tin­ued higher
  • W1 demand pop­ping could see a big­ger adverse reac­tion — I noticed this already with pop­ping of medi­um time­frame SD zones 

Click to Enlarge

Next Day Analysis

  • Tar­get hit?
    • No, 0.6R
  • Time-based Exit?
    • -0.2R
  • Over­lap Noise?
    • -1R
  • End of Day?
    • -1R
  • High­est R multiple?
    • 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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