20220414 Trade Review Gold T1

16 Apr 20220414 Trade Review Gold T1

Play: Late-Sus­tained Auc­tion (Bad Trad­ing Idea)

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

• Result
  • -0.8R
• Open Sen­ti­ment
  • Open With­in Value
  • Asia formed a Neu­tral Day but pre­dom­i­nant­ly trad­ed lowe
• IBR
  • 0.43xASR IBR
• Trend
  • Strong UT
  • H4: Up
  • D1: Up
  • W1: Up
• Hypo
  • 3
  • Short
  • Late-Sus­tained Auction
• Attempt­ed Setup
  • Late-Sus­tained Auc­tion, Val­ue Rejection
• Entry Tech­nique
  • LTF con­sol­i­da­tion with­in a sus­tained auc­tion down
• SL place­ment
  • Short ASR SL (300)
• TPO peri­od for Entry
  • G TPO
• Trade Dura­tion
  • 0h40M
• Long/Short
  • Short
• Lead­ing Narrative
  • Val­ue Rejection
  • H4 QHi rejection
  • Fri­day the mar­ket was closed so pos­si­ble prof­it-tak­ing on Thurs­day instead

Actu­al Development

• G TPO did not close down and instead con­tin­ued the consolidation
• LTF showed signs of Phase 1 form­ing and even­tu­al­ly broke higher
• M5 RBR took out sup­ply and I cut the trade for ‑0.8R loss
• Then I reversed the trade which I will review in the next post

Good points

• Try­ing a trade
• Tighter SL placement
• Reversed the trade and went long

Bad Points

• For­got to plot an OLD H4 demand although I was cog­nizant of it
• Trad­ing when not being sharp

Next Day Analysis

• Tar­get hit?
  • No, ‑0.8R
• Time-based Exit?
  • -1R
• Over­lap Noise?
  • -1R
• End of Day?
  • -1R
• High­est R multiple?
  • 0.4R

TAGS: Open With­in Val­ue, Trend is UP 3/3, Hypo 3 at 2nd DTTZ, 

Pre­mar­ket prep on the day: ‌

20220414 Pre­mar­ket Prep Gold

Dai­ly Report Card:

How did I trade today? 20220414

• Twit­ter
• Insta­gram