20220524 Premarket Prep Gold - Bear Market Trader
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20220524 Premarket Prep Gold

20220524 Premarket Prep Gold

#fin­twit #XAUUSD #GOLD #Mar­ket­Pro­file #Order­flow

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 Bear Engulf reject­ing MN QHI, price trad­ing below body and made a LL
    • Price react­ing off MN demand
  • W1
    • W1 Bull­ish Inside Bar at W1 QLo


  • D1
    • D1 clos­ing high­er almost tak­ing out out D1 Sup­ply leav­ing an Invert­ed Hammer
  • H4
    • Some slow­down at Old H4 Supply
  • Trend
    • Mixed Trend, Up, Down, Up
  • Mar­ket Profile
    • Val­ues in UT, price opened below
  • LN Open
    • 0.38xASR Below Val­ue. WIth­in Range
    • Mod­er­ate Imbalance
    • Asia formed a Neu­tral Day
    • 0.51xASR IBR

Addi­tion­al Notes

  • Price trad­ing at D1 VWAP


  • Hypo 1
    • Short
    • Failed Auc­tion
  • Hypo 2
    • Long
    • Val­ue Accep­tance, pos­si­ble con­tin­u­a­tion after rota­tion for a late-sus­tained auc­tion entry
  • Hypo 3
    • Short
    • Auc­tion Fade


  • 3

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing a bit jit­tery, too much caffeine

Focus Points for trad­ing development

  • Month­ly Goals
    • Either hit SL or tar­get, reassess after Trad­ing Win­dow Close
    • 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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