20220713 Premarket Prep Gold - Bear Market Trader
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20220713 Premarket Prep Gold

20220713 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 with­in (wide) MN demand
  • W1
    • Price made a LL and is trad­ing below body, below range and is cur­rent­ly test­ing W1-C‑D 1729.709
    • Almost tak­ing out W1 QLo

Nar­ra­tive

  • D1
    • Price closed low­er almost tak­ing out D1/W1 swing low
  • H4
    • Pos­si­ble H4 Phase 1 / 3
    • Some con­sol­i­da­tion above End of W1/D1 Swing Low
  • Trend
    • Strong DT 3/3
  • Mar­ket Profile
    • 4 over­lap­ping val­ues slop­ing down
  • LN Open
    • 0.59xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day
    • 0.34xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

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

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

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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