20211109 Trade Review Gold

10 Nov 20211109 Trade Review Gold

Play: Failed Auction

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

• Result
  • -1R
• Prod­uct
  • Gold
• Open Sen­ti­ment
  • 0.12xASR Above Val­ue, With­in Range, Mod­er­ate Imbalance,
• IBR
  • 0.41xASR
• Hypo
  • 1
  • Failed Auc­tion Short
• Attempt­ed Setup
  • Failed Auc­tion
• Entry Tech­nique
  • M15 Bear Engulf dur­ing 2nd DTTZ
• SL place­ment
  • Tighter stop above for­ma­tion 25 pips to also fit 2R tar­get at IB low
• TPO peri­od for Entry
  • F TPO
• Trade Dura­tion
  • 0h56m
• Long/Short
  • Short
• Lead­ing Narrative
  • Near­by D1 Supply
  • Longer sell­ing wicks
  • 2nd DTTZ
  • Biased think­ing DAX is going up and Gold could go down

Actu­al Development

Even though F closed down it closed less than con­fi­dent. G closed high­er and H took out my stop before clos­ing low­er. Even an entry short off that would not have been good as price kept trad­ing higher.

Good points

• Tak­ing a chance
• 3rd loss in a row but still ALIVE! Now let’s let the mag­ic of prof­it fac­tor make up for these losses.

Bad Points

• Pro­file showed price was mak­ing HHs so at the time the high­er like­li­hood was for a sus­tained auction
• Got biased
• Uptrend 3/3 and open sentiment
• Prev. day clos­ing near its high
• Should’ve includ­ed VAH Rever­sal in prep

Next Day Analysis

• Tar­get hit?
  • No, ‑1R
• Time-based Exit?
  • -1R
• Over­lap Noise?
  • -1R
• End of Day?
  • -1R
• High­est R multiple?
  • 0.3R

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

Pre­mar­ket prep on the day: ‌

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