20220715 Premarket Prep Gold - Bear Market Trader
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20220715 Premarket Prep Gold

20220715 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 deep­er with­in MN demand
  • W1
    • Price trad­ing below body and range mak­ing a LL trad­ing deep­er with­in Wide W1 QLo, W1 demand
    • Price extend­ed below W1 VWAP, trad­ing below W1 LKC in R


  • D1
    • D1 Bear Engulf giv­ing D1-C‑S 1725.848 Low in Dist. Curve
    • Price trad­ing deep­er with­in Wide D1 QLo (shares the same lev­els as W1 QLo)
  • H4
    • H4 VWAP in TC trad­ing deep with­in demand
    • H4-C‑S 1710.380 below VAL
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed below the previous
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.48
    • 0.63xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day
    • 0.27xASR Tight IBR

Addi­tion­al Notes

  • Pos­si­ble Fri­day profit-taking


  • Hypo 1
    • Long
    • Failed Auc­tion, pos­si­ble con­tin­u­a­tion, risky con­tin­u­a­tion due to Sup­ply at VAL
  • Hypo 2
    • Short
    • Return to Val­ue, Reversal
  • Hypo 3
    • Short
    • Late-Sus­tained Auc­tion, risky due to trad­ing with­in demand
  • 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


Day trader. Tech geek. Sim Racing Enthusiast.

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