20220414 Trade Review Gold T2

16 Apr 20220414 Trade Review Gold T2

Play: Auc­tion Fade to Failed Auction

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

• Result
  • 1.2
• 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
  • 4
  • Long
  • Auc­tion Fade
• Attempt­ed Setup
  • Auc­tion Fade to Failed Auction
• Entry Tech­nique
  • M5 Phase tran­si­tion to Phase 2, M15 Bull Engulf break­ing out
• SL place­ment
  • Tight SL (300)
• TPO peri­od for Entry
  • H TPO
• Trade Dura­tion
  • 0h6m
• Long/Short
  • Long
• Lead­ing Narrative
  • D1 Phase 2
  • Strong UT
  • LTF Phase 1 and break out after a sus­tained auc­tion start­ed fal­ter­ing from val­ue rejection

Actu­al Development

• Price quick­ly hit tar­get 1.2R

Good points

• I was short but then cut that trade for ‑0.8R loss and imme­di­ate reversed
• Using tight SL place­ment just below LTF for­ma­tion slight­ly cut­ting through wick though

Bad Points

• Price went high­er and even hit 3R
• Did not plot H4 demand even though OLD I should’ve plot­ted it on my chart

Next Day Analysis

• Tar­get hit?
  • Yes, 1.2R
• Time-based Exit?
  • 1.2R
• Over­lap Noise?
  • 1.6R
• End of Day?
  • -1R
• High­est R multiple?
  • 3R

TAGS: Open With­in Val­ue, Trend is UP 3/3, Hypo 4 at 2nd DTTZ, 

Pre­mar­ket prep on the day: ‌

20220414 Pre­mar­ket Prep Gold

Dai­ly Report Card:

How did I trade today? 20220414

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