18 Mar 20220317 Trade Review Gold
Posted at 04:35h
in Developing H4 RBR, Gold Trade Review, Late-Sustained Auction Entry, Sustained Auction, Trade Reviews
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Play: Late-Sustained Auction
#fintwit #orderflow #daytrading #tradingreview #priceaction #chartreview #Gold #XAUUSD
- Result
- 1.2R
- Open Sentiment
- 0.30xASR Above Value, Outside Range
- Moderate to Large Imbalance
- Asia extended higher
- LN session wider than NY
- IBR
- 0.19xASR Tight IBR
- Trend
- Trend is UP 2/3
- H4: Down
- D1: Up
- W1: Up
- Hypo
- 1
- Long
- Late-Sustained Auction
- Attempted Setup
- Late-Sustained Auction
- Entry Technique
- B closed as a Marubozu
- Break of IB to the upside during C TPO
- Price took out LTF supply, M15 closed above IB high
- SL placement
- Average SL (600)
- TPO period for Entry
- C TPO
- Trade Duration
- 1h37m
- Long/Short
- Long
- Leading Narrative
- Moderate to Large Imbalance at the open
- Trend is up 2/3
- H4 QLo rejection
- Possible Developing H4 RBR at H4 VWAP in DT BO
Actual Development
- C closed above IBR, D TPO closed as an inverted hammer
- E followed with a bear engulf but with longer buying wick testing IB but closing above indicating a continuation of the sustained auction
- F TPO hit target
Good points
- Understanding the narrative and taking the trade
Bad Points
- FX Synergy is recently messing up and not copying trades over or even putting on a trade. Luckily it did copy the trade to my live account. I have reached out to them about this issue.
Next Day Analysis
- Target hit?
- Yes, 1.2R
- Time-based Exit?
- 1.2R
- Overlap Noise?
- 1.3R
- End of Day?
- 0.4R
- Highest R multiple?
- 2.3R
TAGS: Above Value, Outside Range, Moderate to Large Imbalance, Trend is up 2/3,
Premarket prep on the day:
Daily Report Card:
I had to go check out the new house so did not write a DRC.
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