20220714 Premarket Prep Gold - Bear Market Trader
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20220714 Premarket Prep Gold

20220714 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 MN demand
  • W1
    • Price made a LL and is trad­ing below body and range, at W1 demand
    • Price took out pre­vi­ous swing low and is cur­rent­ly trad­ing with­in Wide W1 QLo


  • D1
    • D1 Bull Engulf tak­ing out D1 demand although leav­ing wicks, buy­ing wick slight­ly longer. Sell­ing wick test­ed D1 Sup­ply Low in Dist. Curve.
    • Price trad­ing with­in new Wide D1 QLo
  • H4
    • Bir Bar high­er with very long buy­ing wick with no con­tin­u­a­tion. Instead a H4 DBD reject­ing H4 QHi coin­cid­ing with H4 VWAP and H4 LKC in DT.
    • Price almost retraced to Base level.
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed below the previous
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.70
    • 0.46xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia trad­ed lower
    • Open at H4 QLo

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
  • Hypo 2
    • Long
    • Late-Sus­tained Auc­tion, mon­i­tor for val­ue acceptance
  • Hypo 3
    • Short
    • Late-Sus­tained Auction
  • Hypo 4
    • Long
    • Auc­tion Fade

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

  • 2

Mind­ful Trad­ing (lack of sleep?)

  • A bit busy

Focus Points for trad­ing development

  • Month­ly Goals
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

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