20220222 Premarket Prep Gold - Bear Market Trader
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20220222 Premarket Prep Gold

20220222 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
    • Pos­si­ble devel­op­ing MN RBR
    • Price is near­ing MN QHi (after QHi has been reject­ed mul­ti­ple times) and MN Sup­ply End
  • W1
    • Price trad­ing with­in W1 Sup­ply, QHi
    • Price trad­ing above last week’s body and range

Click to Enlarge


  • D1
    • Price closed high­er as a D1 Ham­mer with­in D1-C‑S 1903.50
    • Price trad­ing with­in D1 QHi
    • Prev. Day Exceed­ed ADR by 1.07
  • H4
    • Price gapped up and filled the gap
    • Some slow­down with­in D1 Supply
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile
    • 3 over­lap­ping val­ue bracket
  • LN Open
    • 0.82xASR Above Val­ue, Out­side Range
    • Price moved high­er before trad­ing low­er dur­ing IBR
    • Asia Extend­ed down
    • 1.03xASR Wide IBR and accept­ed val­ue, although there is demand with­in the tight value
    • ASR exhaust­ed


  • Hypo 1
    • Long
    • Return to Val­ue, pos­si­ble Failed Auc­tion, VAH Reversal
  • Hypo 2
    • Short
    • Weak­ness From With­in IBR
  • Hypo 3
    • Long
    • Auc­tion Fade


  • 4

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
    • No ear­ly exits, either hit SL or target
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
  • Risk Man­age­ment
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING


Day trader. Tech geek. Sim Racing Enthusiast.

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