20220525 Premarket Prep Gold - Bear Market Trader
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20220525 Premarket Prep Gold

20220525 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
    • Price trad­ing below body and made a LL that start­ed react­ing off MN Demand
  • W1
    • W1 Bull­ish Inside Bar clos­ing above W1 QLo and price is trad­ing above body and range 


  • D1
    • D1 QLo reject­ed, price trad­ing mid swing
    • Price closed high­er above D1 VWAP, tak­ing out Sup­ply, fol­low­ing an Invert­ed Hammer
    • Poten­tial D1 VWAP in DT BO, although price can still fum­ble around.
    • D1-C‑S 1878.061 at D1 QHi 
  • H4
    • Some con­sol­i­da­tion and Break Down through H4 Bear Engulf with con­tin­u­a­tion giv­ing H4-C‑S 1863.748
    • H4 demand with­in Value
  • Trend
    • Mixed Trend, Up, Down, Up
  • Mar­ket Profile
    • 2 over­lap­ping val­ues after UT
  • LN Open
    • Open With­in Value
    • Open near H4 demand
    • LN wider than NY
    • 0.15xASR Tight IBR
    • Asia formed a Neu­tral Day but most­ly trad­ed lower

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Long
    • Failed Auc­tion
  • Hypo 2
    • Long
    • Late-Sus­tained Auc­tion, con­ges­tion in the way
  • Hypo 3
    • Short
    • Auc­tion Fade, pos­si­ble 3‑I Day
  • Hypo 4
    • Short
    • Late-Sus­tained Auc­tion, con­ges­tion in the way


  • 2

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay

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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