20220428 Premarket Prep Gold - Bear Market Trader
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20220428 Premarket Prep Gold

20220428 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 react­ing and clos­ing below MN Supply
    • Price trad­ing below body and MN QHi
  • W1
    • W1 Bear Engulf reject­ing W1 QHi (2nd time)
    • Price trad­ing below last week’s body and range
    • W1 demand got tak­en out
    • Price trad­ing at W1 VWAP

Click to Enlarge


  • D1
    • D1-C‑S 1899.383 Low in Dist. Curve
    • Price trad­ing below D1 LKC in UT
    • D1 QHi reject­ed, price trad­ing mid swing
    • Prev. Day Exceed­ed ADR by 1.09
  • H4
    • Pos­si­ble H4 Phase 1 / 3
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed below but edges touching
  • LN Open
    • 0.60xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day and pre­dom­i­nant­ly trad­ed low­er but recovered
    • 0.31xASR Tight IBR

Addi­tion­al Notes

  • Last week of the month


  • Hypo 1
    • Long
    • Failed Auc­tion, pos­si­ble con­tin­u­a­tion to Val­ue Edge, very risky with con­ges­tion in the way
  • Hypo 2
    • Short
    • Return to Val­ue, Reversal
  • Hypo 3
    • Long
    • Val­ue Acceptance


  • 3

Mind­ful Trad­ing (lack of sleep?)

  • Try­ing a new nootrop­ics stack
  • Didn’t sleep well but feel­ing okay
  • Try­ing out a new for­mat for my pre­mar­ket prep — not sure if I’ll keep it

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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