20220427 Trade Review Gold T2

Late-Sus­tained Auc­tion (from with­in IBR)

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

• Result
  • 0.6R
• Open Sen­ti­ment
  • 0.08xASR Below Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia extend­ed and trad­ed lower
  • Con­sol­i­da­tion at IB Low, A accept­ed val­ue but B took it down
• IBR
  • 0.37xASR IBR
• Trend
  • Trend is Down 2/3
  • H4: Down
  • D1: Down
  • W1: Up
• Hypo
  • 2
  • Short
  • Sus­tained Auc­tion, Late-Sus­tained Auction
• Attempt­ed Setup
  • Late-Sus­tained Auction
• Entry Tech­nique
  • M5 con­sol­i­da­tion at devel­op­ing H4 DBD sup­ply coin­cid­ing with M30 VWAP and M30 Sup­ply with­in IBR
• SL place­ment
  • Stan­dard SL (4900)
• TPO peri­od for Entry
  • F TPO
• Trade Dura­tion
• Long/Short
  • Short
• Lead­ing Narrative
  • Open sen­ti­ment
  • C tak­ing out W1/D1 demand burst­ing below IB then pulling back to yesterday’s low coin­cid­ing with devel­op­ing H4/D1 supply
  • Trend is Down 2/3 

Actu­al Development

• F closed below IB after test­ing IB although it closed as a weak Three Inside Up and when M5 start­ed con­sol­i­dat­ing I took off the trade for 0.6R

Good points

• Under­stand­ing the oppor­tunis­tic nature of the trade

Bad Points

• Not in line with the over­all nar­ra­tive for the ses­sion as price con­tin­ued higher
• W1 demand pop­ping could see a big­ger adverse reac­tion — I noticed this already with pop­ping of medi­um time­frame SD zones 

Next Day Analysis

• Tar­get hit?
  • No, 0.6R
• Time-based Exit?
  • -0.2R
• Over­lap Noise?
  • -1R
• End of Day?
  • -1R
• High­est R multiple?
  • 1R

TAGS: Below Val­ue, With­in Range, Mod­er­ate Imbal­ance, Trend is Down 2/3, 

Pre­mar­ket prep on the day: ‌

20220427 Pre­mar­ket Prep Gold

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Dai­ly Report Card:

How did I trade today? 20220427

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