20220314 Premarket Prep Gold - Bear Market Trader
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20220314 Premarket Prep Gold

20220314 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 with­in MN QHi and MN Supply
  • W1
    • Price formed a Doji with longer sell­ing wick with­in W1 QHi and W1 Supply

Click to Enlarge


  • D1
    • D1 Bear Engulf with no imme­di­ate con­tin­u­a­tion break­ing down
    • Price train­ing with­in D1 QHi with no close below (yet)
    • Gap down on the day
  • H4
    • H4 QHi reject­ed at H4 VWAP CAR
  • Trend
    • Trend is Up 2/3
  • Mar­ket Profile
    • Val­ues over­lap­ping but still print­ing lower
  • LN Open
    • Open With­in Value
    • Bal­anc­ing Market
    • Asia non-trend day
    • 0.13xASR Tight IBR


  • Hypo 1
    • Long
    • Rever­sal, pos­si­ble Failed Auc­tion, pos­si­ble 3‑I Day
  • Hypo 2
    • Short
    • Late-Sus­tained Auc­tion, prefer­ably price clos­ing below VAL
  • Hypo 3
    • 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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