20220310 Premarket Prep Gold - Bear Market Trader
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20220310 Premarket Prep Gold

20220310 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 deep­er into MN Sup­ply and MN QHi hav­ing made a HH over last month
    • Price has start­ed reacting
  • W1
    • Price closed near its high last week and is cur­rent­ly trad­ing high­er with­in W1 Sup­ply and W1 QHi
    • Price near­ing W1 Sup­ply End 2075.537 but price start­ed react­ing, cur­rent­ly trad­ing just below W1 Supply

Click to Enlarge


  • D1
    • D1 Bear Engulf formed with­in D1 QHi giv­ing D1-C‑S 2000 near VAL
    • Prev. Day Exceed­ed ADR by 1.72
  • H4
    • H4 QHi reject­ed and price arrived at H4-C‑D 1990.202 and H4 QLo clos­ing within
    • Pre­mar­ket closed as a pos­si­ble Base with a longer sell­ing wick although retrac­ing to a pre­vi­ous base sup­ply level
  • Trend
    • Strong UT 3/3
  • Mar­ket Profile
    • Val­ues in UT although price is cur­rent­ly trad­ing below value
  • LN Open
    • 0.92xASR Below Val­ue, Out­side Range
    • Large Imbal­ance
    • Asia extend­ed down


  • Hypo 1
    • Long
    • Mean Rever­sion, Sus­tained Auc­tion, risky lots of con­ges­tion in the way
  • Hypo 2
    • Short
    • Return to Val­ue, VAL Reversal, 
  • Hypo 3
    • Short
    • Auc­tion Fade
  • Hypo 4
    • Short
    • Late-Sus­tained Auction


  • 3

Addi­tion­al Notes

  • N.A.

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing tired so will take extra caution

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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