20220311 Premarket Prep Gold - Bear Market Trader
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20220311 Premarket Prep Gold

20220311 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

Click to Enlarge


  • D1
    • D1 Bear Engulf at round num­ber of 2000 with no imme­di­ate con­tin­u­a­tion although a LL has been made the day closed as a pos­si­ble base below new­ly formed D1 supply
    • Price is still trad­ing with­in D1 QHi and has not closed below it (yet)
  • H4
    • Big H4 Bull Engulf clos­ing above H4 demand and H4 QLo with no imme­di­ate follow-through
    • Instead a DBD but no close with­in demand/QLo (yet)
  • Trend
    • Strong UT 3/3
  • Mar­ket Profile
    • Wide val­ue cre­at­ed over­lap­ping the pre­vi­ous two values
  • LN Open
    • Open With­in Value
    • Bal­anc­ing Market
    • Asia extend­ed down
    • Tight IBR


  • Hypo 1
    • Long
    • Late Sus­tained Auction
  • Hypo 2
    • Short
    • Failed Auc­tion, pos­si­ble 3‑I Day
  • Hypo 3
    • Short
    • Late-Sus­tained Auction
  • Hypo 4
    • Long
    • Auc­tion Fade


  • 3

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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