Bear Market Trader | Premarket Prep GOLD XAUUSD - London session
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20220215 Premarket Prep Gold

20220215 Premarket Prep Gold

#fin­twit #order­flow #day­trad­ing #pre­mar­ket­prep #XAUUSD #GOLD #Forex­trad­er #forex #FX #Forexlifestyle #day­trade #trade­plan #trad­ing­plan #trad­ing­forex #trad­inglifestyle #day­trader­life 

This is my pre­mar­ket prep for today’s Euro­pean ses­sion for GOLD. This prep builds off of my week­ly trade plan I made here:

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

  • MN
    • Price trad­ing above last month’s body and range but still with­in over­all MN Supply
  • W1
    • W1 Three Out­side Up test­ing W1 QHi clos­ing with­in W1 Sup­ply after tak­ing out a new­ly formed W1 Supply
    • Price took out W1/D1 Supply

Click to Enlarge


  • D1
    • D1 Closed high­er tak­ing out W1/D1 Supply
    • Price trad­ing with­in D1 QHi
    • Prev. Day Exceed­ed ADR by 1.13
  • H4
    • H4 trad­ed high­er but cre­at­ed an Inside Bar in premarket
    • H4-C‑D 1854.278 with­in value
  • Trend
    • Strong UT 3/3
  • Mar­ket Profile
    • Val­ue cre­at­ed high above the previous
  • LN Open
    • 1.73xASR Above Val­ue, Out­side Range
    • Huge Imbal­ance
    • 1.87xASR Wide IBR tra­vers­ing down exhaust­ing ADR, pos­si­ble respon­sive activ­i­ty although a pos­si­ble indi­ca­tor of momen­tum behind the reac­tion of D1 QHi
    • Asia formed a Neu­tral Day but pre­dom­i­nant­ly trad­ed higher


  • 4


  • Hypo 1
    • Long
    • Return to Val­ue, Failed Auc­tion, VAH Reversal
  • Hypo 2
    • Short
    • Weak­ness From With­in IBR
  • Hypo 3
    • Long
    • Auc­tion Fade
  • Hypo 4
    • Short
    • Late-Sus­tained Auc­tion, pos­si­ble VAA and rota­tion for reference

Addi­tion­al Notes

  • N.A.

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • Total of 15 trades by the end of the month, can take 2 a day (not in the same prod­uct at the same time) 
    • No ear­ly exits
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
  • Process
    • Keep trade review com­ments short
  • Risk Man­age­ment
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING


Day trader. Tech geek. Sim Racing Enthusiast.

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