20220316 Premarket Prep Gold - Bear Market Trader
day trade, day trading, forex, FX, trade plan, trading plan, XAU USD, XAUUSD, GOLD, premarket prep, pre-market prep, tradingforex, traderlifestyle, daytraderlife,

20220316 Premarket Prep Gold

20220316 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
    • Price start­ed trad­ing below MN supply
  • W1
    • Price formed a Doji with longer sell­ing wick with­in W1 QHi and W1 Supply
    • Price trad­ing below last week’s body and range and W1 QHi
    • Pos­si­ble devel­op­ing W1 Evening Star

Click to Enlarge


  • D1
    • D1 Phase 4 tak­ing out D1 sup­ply, with slight reac­tion of D1 ‑C-D 1909.747
    • D1 QHi reject­ed and price is trad­ing mid swing
    • Prev. Day Exceed­ed ADR by 1.08
  • H4
    • H4 con­sol­i­dat­ing with­in H4 QLo above D1 Demand
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • Val­ues in DT
  • LN Open
    • 0.36xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day
    • 0.17xASR Tight IBR


  • Hypo 1
    • Short
    • Late-Sus­tained Auction
  • Hypo 2
    • Long
    • Failed Auc­tion
  • Hypo 3
    • Short
    • Return to Val­ue, VAL rever­sal, pos­si­bly at LTF supply
  • Hypo 4
    • Long
    • Auc­tion Fade


  • 2

Addi­tion­al Notes

  • Fed Rate Deci­sion tomor­row. Might not see much happening.

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.

0 0 votes
Article Rating
Notify of

Inline Feedbacks
View all comments
WP Twitter Auto Publish Powered By : XYZScripts.com
Would love your thoughts, please comment.x