Bear Market Trader | Missed Trade Review
Missed Trade Review, Reviewing Trades, CPT, Consistently Profitable Trader, day trading,
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Missed Trade Gold 20210609

Missed Trade Gold 20210609

Play: Auc­tion Fade

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

These are trades I could have tak­en but for some rea­son I did not. This could be due to me not pay­ing atten­tion or sim­ply not feel­ing like trad­ing. This is usu­al­ly the case when I am not in the right state of mind due to lack of sleep, per­son­al issues, etc.

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Rea­son for miss­ing the trade (explain the narrative)

Price opened with­in val­ue (there was a 3‑day brack­et­ing range although slop­ing high­er) and then pro­ceed­ed to test a val­ue rejec­tion up. Halt­ed at D1 C‑sup before clos­ing inside IB leav­ing a sell­ing tail. If there was a retest of M5 sup­ply at IB high there could have been an oppor­tu­ni­ty for me to jump on but sad­ly this didn’t come. Price then extend­ed to the oth­er side in D clos­ing below form­ing a Neu­tral Day. E made LLs clos­ing as a Ham­mer and F clos­ing as a Drag­on­fly Doji. With A neu­tral Day it is not like­ly for a con­tin­u­a­tion to one side. The expectan­cy favors a return to IB. 

What would have been the Entry?

DTTZ: 1st

Entry Method: Con­sol­i­da­tion going on M5/M15 that could have been tak­en as an entry to fade the auc­tion to IB edge.

How was the SL place­ment and sizing?

Trade 1

SL place­ment: scal­ing the SL to be placed below M5 con­sol­i­da­tion would have been cut­ting through the M30 wicks but okay expect­ing a push

How was the prof­it target?

Trade 1

Prof­it tar­get: IB edge would have yield­ed 0.9R

What would a price action-based exit have done for the trade?

Trade 1

Exit: 0.9R

What would a time-based exit have done for the trade?


Extra Obser­va­tions


TAGS: 3‑I day, Trend is UP 3/3, open with­in val­ue, Neu­tral Day,

Pre­mar­ket prep on the day

Dai­ly Report Card on the day


Day trader. Tech geek. Sim Racing Enthusiast.

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