20220712 Premarket Prep Gold - Bear Market Trader
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20220712 Premarket Prep Gold

20220712 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 at MN demand, price trad­ing mid swing after MN QHi rejection
  • W1
    • Price made a LL, price trad­ing below body, with­in range, with­in Wide W1 QLo


  • D1
    • D1 Bear Engulf giv­ing D1-C‑S 1739.768 Low in Dist. Curve right at MN demand
    • Price trad­ing with­in Wide D1 QLo (shar­ing same lev­els as W1 QLo), price almost took out swing low.
  • H4
    • Pos­si­ble H4 Phase 1 / 3
    • Price trad­ing at H4 VWP in DT
  • Trend
    • Strong DT 3/3
  • Mar­ket Profile
    • 3 over­lap­ping values
  • LN Open
    • 0.04xASR Below Val­ue, With­in Range, ambigu­ous open
    • Mod­er­ate Imbalance
    • Asia formed a huge Neu­tral Day
    • A TPO accept­ed val­ue, B TPO formed a Bear Engulf and C extend­ed below before clos­ing with­in. Cur­rent­ly price is rotat­ing through val­ue in D TPO.

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Long
    • Val­ue Accep­tance, pos­si­ble con­tin­u­a­tion although there could be some reac­tion from D1 Sup­ply Low in Dist. Curve.
  • Hypo 2
    • Short
    • Auc­tion Fade
  • Hypo 3
    • Short
    • For­ward-test­ing: Rever­sal, push low­er to take out Swing Low

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

  • 3

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay

Focus Points for trad­ing development

  • Month­ly Goals
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

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