20220317 Trade Review Gold

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: ‌

20220317 Pre­mar­ket Prep Gold

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Dai­ly Report Card:

I had to go check out the new house so did not write a DRC.

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