20220318 Premarket Prep Gold - Bear Market Trader
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20220318 Premarket Prep Gold

20220318 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 Three Out­side Up at D1-C‑D 1906.474 coin­cid­ing with D1 UKC in UT
    • Price closed below D1 VWAP in UT, pos­si­ble CAR
    • D1 QHi reject­ed with price trad­ing mid swing
  • H4
    • Price almost returned to a H4 Base Sup­ply lev­el but instead formed a Bear Engulf giv­ing H4-C‑S 1943.190 formed with­in value
    • Fol­lowed by a DBD return­ing to H4 QLo after it was rejected
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed above the pre­vi­ous indi­cat­ing a pos­si­ble rever­sal of DT
  • LN Open
    • 0.12xASR Below Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia formed a Neu­tral Day pre­dom­i­nant­ly trad­ing down
    • 0.12xASR Tight IBR


  • Hypo 1
    • Short
    • VAL Rever­sal, Pos­si­ble Failed Auction
  • Hypo 2
    • Long
    • Val­ue Acceptance
  • 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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