20220420 Trade Review Gold T1

Play: Late-Sus­tained Auc­tion (Bad Trad­ing Idea)

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

• Result
  • -1R
• Open Sen­ti­ment
  • 2.06 ASR Below Val­ue, Out­side Range
  • Huge Imbal­ance
  • Asia Trad­ed down
• IBR
  • 0.25xASR Tight IBR
• Trend
  • Trend is Up 2/3
  • H4: Down
  • D1: Up
  • W1: Up
• Hypo
  • 1
  • Short
  • Late-Sus­tained Auction
• Attempt­ed Setup
  • Late-sus­tained auction
• Entry Tech­nique
  • C TPO extend­ed below but closed slight­ly with­in IBR
• SL place­ment
  • Stan­dard SL (4300)
• TPO peri­od for Entry
  • C TPO
• Trade Dura­tion
  • 0h19M
• Long/Short
  • Short
• Lead­ing Narrative
  • Huge Imbal­ance
  • Pos­si­ble D1 Phase 4, D1 QHi rejection

Actu­al Development

• D extend­ed to the oppo­site side and took out my SL then closed as a Bull Engulf

Good points

• Tak­ing the trade
• Let­ting the trade play out

Bad Points

• C TPO did not close below IB and thus was not a prop­er late-sus­tained auc­tion entry
• Trad­ing right into demand I should’ve been more careful
• Let­ting a H4 Phase 4 guide my bias over­rul­ing actu­al price action development

Next Day Analysis

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

TAGS: Below Val­ue, Out­side Range, Huge Imbal­ance, Prev. Day Exceed­ed ADR, Trend is UP 2/3, Tight IB,

Pre­mar­ket prep on the day: ‌

20220420 Pre­mar­ket Prep Gold

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Dai­ly Report Card:

How did I trade today? 20220420

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