Setup

Trade idea is based on dip buy setup once bids held the low end of the weekly VPOC at 1551.5. Very strong upward momentum in Gold and Silver all day, indicating shift of value once highs break. Planning to stay long until 1560, which are multiyear highs.

Trade Execution/Timing

Noticed strong buying after a break of the AOI lows and tried to get involved as fast as possible. However, wanted to see a move back into the AOI to get involved and to avoid whipsaws. Got long once I saw buying wick with confirmation from price ticker, showing tons of buyers between 1550.4-1551.5.

Order Flow Read

Flush of the lows at 1551.5 immediately followed by buyers stepping in aggressively. Seems like buyers running out of steam overall though. Got involved at 1551.5 which was followed by a strong 20 tick bid but sellers started stepping in accompanied by bearish delta, showing a potential takeover.

Trade Sizing

Only entered with two tiers because I was in this trade after Gold went over its daily ATR, up 24$. However, silver still going through highs despite 4% gain, could drag Gold up.

Trade Management/Exits

Sold 1 lot after I saw sellers stepping in at highs on volume, pushing prices back towards entry price and low of AOI. Turned out to be the right decision, as there was another flush of the lows that would have stopped me out on full size.

Lessons learned

• Do not take profits early when there is a trend trend day confirmed by volume and market profile
• Use swing lows for trailing or exceptional volume to get out of trend trend trades