20211025 Trade Review Gold

Play: Sus­tained Auction

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

• Result
  • 2R
• Prod­uct
  • Gold
• Open Sen­ti­ment
  • 0.18xASR Above Val­ue, With­in Range, Mod­er­ate Imbalance,
• IBR
  • 0.29xASR
• Hypo
  • 1
• Attempt­ed Setup
  • Sus­tained Auction
• Entry Tech­nique
  • Buy Stop Order above IB high
• SL place­ment
  • Stan­dard size (35)
• TPO peri­od for Entry
  • C TPO
• Trade Dura­tion
  • 5h48m
• Long/Short
  • Long
• Lead­ing Narrative
  • Strong uptrend 3/3
  • D1 clos­ing higher
  • No fol­low-through on H4 Bear­ish Inside Bar
  • Above Val­ue, With­in Range, mod­er­ate imbal­ance sentiment

Actu­al Development

• C TPO extend­ed above IB and trig­gered the buy stop order and pro­ceed­ed clos­ing above
• D TPO extend­ed fur­ther and closed high­er. E TPO formed a Poor High before revers­ing and clos­ing with­in IBR tech­ni­cal­ly fail­ing the auc­tion. With a tight IBR it has less significance. 
• Not much con­tin­u­a­tion to the FA and price final­ly reversed in H
• Over­lap noise took price high­er, then NY con­tin­ued hit­ting 2R tar­get short­ly after NY IB

Good points

• Under­stand­ing the narrative
• Trad­ing into the D1 sell­ing wick as well as price trad­ing at D1 200MA based on open sen­ti­ment and strong uptrend
• Let­ting the trade go and do its thing even though the Failed Auction
• Visu­al­iz­ing what I would want to see on H4 at the end of LN trad­ing window

Bad Points

• I think I did well here but am open to feedback

Next Day Analysis

• Tar­get hit?
  • Yes, 2R
• Time-based Exit?
  • -0.2R
• Over­lap Noise?
  • 0.5R
• End of Day?
  • 1.9R
• High­est R multiple?
  • 2.8R

TAGS: Above Val­ue, With­in Range, Mod­er­ate Imbal­ance, Buy Stop Order, Trend is UP 3/3,

Pre­mar­ket prep on the day: ‌

20211025 Pre­mar­ket Prep Gold

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