20220406 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,

20220406 Premarket Prep Gold

20220406 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
    • MN Invert­ed Ham­mer clos­ing with­in MN QHi
    • Price trad­ing with­in last month’s body
  • W1
    • W1 Con­sol­i­da­tion
    • W1 QHi rejected

Click to Enlarge


  • D1
    • D1 Con­sol­i­da­tion
    • D1 QHi rejected
    • Prev. Day trad­ed 0.95xADR
  • H4
    • H4 slow­down at D1 Demand
    • H4 QHi reject­ed with price trad­ing mid swing
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile
    • 4‑day brack­et­ing range
  • LN Open
    • 0.41xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral pre­dom­i­nant­ly trad­ing down
    • 0.48xASR IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Long
    • Sus­tained Auc­tion, Val­ue Acceptance
  • Hypo 2
    • Short
    • Return to Val­ue,  VAL rever­sal, Pos­si­ble Failed Auction
  • Hypo 3
    • Short
    • Late-Sus­tained Auction
  • Hypo 4
    • Long
    • Auc­tion Fade


  • 3

Mind­ful Trad­ing (lack of sleep?)

  • Just had a long week­end and feel­ing a bit under the weather

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
Would love your thoughts, please comment.x